Document:

EX-4.2

 Exhibit 4.2 
  

 
  

RETROPHIN, INC. 

and 
 U.S. BANK NATIONAL
ASSOCIATION 
 as Trustee 
  

 
 FIRST
SUPPLEMENTAL 
 INDENTURE 
 Dated
as of September 10, 2018 
  
  

2.50% Convertible Senior Notes due 2025 
  

 
  

 TABLE OF CONTENTS 

 

							
	 	 	 	  	Page	 
	 Article 1. Definitions; Rules of Construction
	  	 	1	 
			
	 Section 1.01.
	 	 Definitions
	  	 	1	 
	 Section 1.02.
	 	 Other Definitions
	  	 	10	 
	 Section 1.03.
	 	 Rules of Construction
	  	 	11	 
	 Section 1.04.
	 	 Scope of Supplemental Indenture
	  	 	12	 
		
	 Article 2. The Notes
	  	 	12	 
			
	 Section 2.01.
	 	 Form, Dating and Denominations
	  	 	12	 
	 Section 2.02.
	 	 Initial Notes and Additional Notes
	  	 	13	 
	 Section 2.03.
	 	 Method of Payment
	  	 	14	 
	 Section 2.04.
	 	 Accrual of Interest; Defaulted Amounts; When Payment Date is Not a Business Day
	  	 	14	 
	 Section 2.05.
	 	 Registrar, Paying Agent, Conversion Agent and Depositary
	  	 	15	 
	 Section 2.06.
	 	 Legends
	  	 	15	 
	 Section 2.07.
	 	 Certain Transfer Restrictions on Notes Subject to Redemption, Repurchase or Conversion
	  	 	16	 
	 Section 2.08.
	 	 Exchange and Cancellation of Notes to Be Converted, Redeemed or Repurchased
	  	 	16	 
	 Section 2.09.
	 	 Notes Held by the Company or its Affiliates
	  	 	17	 
	 Section 2.10.
	 	 Outstanding Notes
	  	 	17	 
	 Section 2.11.
	 	 Repurchases by the Company
	  	 	18	 
		
	 Article 3. Covenants
	  	 	18	 
			
	 Section 3.01.
	 	 Payment on Notes
	  	 	18	 
	 Section 3.02.
	 	 Exchange Act Reports.
	  	 	18	 
	 Section 3.03.
	 	 Compliance and Default Certificates
	  	 	19	 
	 Section 3.04.
	 	 Stay, Extension and Usury Laws
	  	 	19	 
	 Section 3.05.
	 	 Corporate Existence
	  	 	19	 
	 Section 3.06.
	 	 Restriction on Acquisition of Notes by the Company and its Affiliates
	  	 	20	 
	 Section 3.07.
	 	 Further Instruments and Acts
	  	 	20	 
		
	 Article 4. Repurchase and Redemption
	  	 	20	 
			
	 Section 4.01.
	 	 No Sinking Fund
	  	 	20	 
	 Section 4.02.
	 	 Right of Holders to Require the Company to Repurchase Notes upon a Fundamental Change
	  	 	20	 
	 Section 4.03.
	 	 Right of the Company to Redeem the Notes
	  	 	25	 
		
	 Article 5. Conversion
	  	 	27	 
			
	 Section 5.01.
	 	 Right to Convert
	  	 	27	 
	 Section 5.02.
	 	 Conversion Procedures
	  	 	31	 
	 Section 5.03.
	 	 Settlement upon Conversion
	  	 	32	 
	 Section 5.04.
	 	 Reserve and Status of Common Stock Issued upon Conversion
	  	 	35	 
	 Section 5.05.
	 	 Adjustments to the Conversion Rate
	  	 	35	 
	 Section 5.06.
	 	 Voluntary Adjustments
	  	 	46	 
	 Section 5.07.
	 	 Adjustments to the Conversion Rate in Connection with a Make-Whole Fundamental Change
	  	 	47	 
	 Section 5.08.
	 	 Exchange in Lieu of Conversion
	  	 	48	 

  
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	 Section 5.09.
	 	 Effect of Common Stock Change Event
	  	 	48	 
		
	 Article 6. Successors
	  	 	50	 
			
	 Section 6.01.
	 	 When the Company May Merge, Etc.
	  	 	50	 
	 Section 6.02.
	 	 Successor Corporation Substituted
	  	 	51	 
		
	 Article 7. Defaults and Remedies
	  	 	51	 
			
	 Section 7.01.
	 	 Events of Default
	  	 	51	 
	 Section 7.02.
	 	 Acceleration
	  	 	53	 
	 Section 7.03.
	 	 Sole Remedy for a Failure to Report
	  	 	54	 
	 Section 7.04.
	 	 Other Remedies
	  	 	55	 
	 Section 7.05.
	 	 Waiver of Past Defaults
	  	 	55	 
	 Section 7.06.
	 	 Control by Majority
	  	 	55	 
	 Section 7.07.
	 	 Limitation on Suits
	  	 	55	 
	 Section 7.08.
	 	 Absolute Right of Holders to Institute Suit for the Enforcement of the Right to Receive Payment and
Conversion Consideration
	  	 	56	 
	 Section 7.09.
	 	 Collection Suit by Trustee
	  	 	56	 
	 Section 7.10.
	 	 Trustee May File Proofs of Claim
	  	 	56	 
	 Section 7.11.
	 	 Priorities
	  	 	57	 
	 Section 7.12.
	 	 Undertaking for Costs
	  	 	57	 
		
	 Article 8. Amendments, Supplements and Waivers
	  	 	58	 
			
	 Section 8.01.
	 	 Without the Consent of Holders
	  	 	58	 
	 Section 8.02.
	 	 With the Consent of Holders
	  	 	59	 
	 Section 8.03.
	 	 Notice of Amendments, Supplements and Waivers
	  	 	60	 
	 Section 8.04.
	 	 Notations and Exchanges
	  	 	60	 
		
	 Article 9. Satisfaction and Discharge
	  	 	60	 
			
	 Section 9.01.
	 	 Termination of Company’s Obligations
	  	 	61	 
	 Section 9.02.
	 	 Repayment to Company
	  	 	61	 
	 Section 9.03.
	 	 Reinstatement
	  	 	61	 
		
	 Article 10. Miscellaneous
	  	 	62	 
			
	 Section 10.01.
	 	 Notices
	  	 	62	 
	 Section 10.02.
	 	 Rules by the Trustee, the Registrar and the Paying Agent
	  	 	63	 
	 Section 10.03.
	 	 No Personal Liability of Directors, Officers, Employees and Stockholders
	  	 	63	 
	 Section 10.04.
	 	 Governing Law; Waiver of Jury Trial
	  	 	63	 
	 Section 10.05.
	 	 Submission to Jurisdiction
	  	 	64	 
	 Section 10.06.
	 	 No Adverse Interpretation of Other Agreements
	  	 	64	 
	 Section 10.07.
	 	 Successors
	  	 	64	 
	 Section 10.08.
	 	 Force Majeure
	  	 	64	 
	 Section 10.09.
	 	 U.S.A. Patriot Act
	  	 	64	 
	 Section 10.10.
	 	 Calculations
	  	 	65	 
	 Section 10.11.
	 	 Severability
	  	 	65	 
	 Section 10.12.
	 	 Counterparts
	  	 	65	 
	 Section 10.13.
	 	 Table of Contents, Headings, Etc.
	  	 	65	 
	 Section 10.14.
	 	 Taxes Matters
	  	 	65	 
			
	 Exhibits
	 		  			
		
	 Exhibit A: Form of Note
	  	 	A-1	 
		
	 Exhibit B-1: Form of Global Note
Legend
	  	 	B2-1	 

  

  
 - ii - 

 THIS SUPPLEMENTAL INDENTURE, dated as of September 10,
2018 (the “Supplemental Indenture”), to the Indenture, dated as of September 10, 2018 (the “Base Indenture” and, as amended, modified and supplemented by this Supplemental Indenture, the
“Indenture”), between Retrophin, Inc., a Delaware corporation, as issuer (the “Company”) and U.S. Bank National Association, as trustee (the “Trustee”). 

WHEREAS, Sections 2.01, 2.02 and 9.01(g) of the Base Indenture authorizes the Company to execute a supplemental
indenture thereto to set forth the terms and other provisions of any new series of Securities; 
 WHEREAS, for its
lawful corporate purposes, the Company has duly authorized the establishment of a new series of Securities to be titled the Company’s “2.50% Convertible Senior Notes due 2025” (the “Notes”), and has duly authorized
the issuance of Notes initially in an aggregate principal amount not to exceed two hundred and seventy-six million dollars ($276,000,000), subject to Section 2.02(B); 

WHEREAS, in order to provide the terms and conditions of the Notes, the Company has duly authorized the execution and
delivery of this Supplemental Indenture; and 
 WHEREAS, all acts and things necessary to make the Notes, when
executed by the Company and authenticated and delivered by the Trustee or a duly authorized authenticating agent, as provided in the Indenture, the valid, binding and legal obligations of the Company, and the Indenture a valid agreement according to
its terms, have been done and performed, and the execution of this Supplemental Indenture and the issuance under the Indenture of the Notes have in all respects been duly authorized. 

NOW, THEREFORE, THIS SUPPLEMENTAL INDENTURE WITNESSETH, that in order to declare the terms and conditions upon which
the Notes are, and are to be, authenticated, issued and delivered, and in consideration of the premises and of the purchase and acceptance of the Notes by the Holders, the Company covenants and agrees with the Trustee for the equal and proportionate
benefit of the respective Holders from time to time (except as otherwise provided in the Indenture) as follows: 
 Article 1. DEFINITIONS;
RULES OF CONSTRUCTION 
 Section 1.01. DEFINITIONS. 

Except as otherwise expressly provided herein, capitalized terms used in this Supplemental Indenture and not otherwise defined
in this Supplemental Indenture have the meanings assigned to them in the Base Indenture. The terms defined in this Section 1.01 (except as otherwise expressly provided or unless the context otherwise requires) will apply
for all purposes of the Indenture (and any further supplement thereto) as it relates to the Notes. The terms defined in this Section 1.01 will be deemed, for purposes of the Notes, to supersede the definitions of the same
terms in the Base Indenture, if applicable. 
 “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 

  
 - 1 - 

 
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. 

“Authorized Denomination” means, with respect to a Note, a principal amount thereof equal to $1,000 or any
integral multiple of $1,000 in excess thereof. 
 “Bankruptcy Law” means Title 11, United States Code, or
any similar U.S. federal or state or non-U.S. law for the relief of debtors. 

“Bid Solicitation Agent” means the Person who is required to obtain bids for the Trading Price in accordance
with Section 5.01(C)(i)(2) and the definition of “Trading Price.” The initial Bid Solicitation Agent on the Issue Date will be the Company; provided, however, that the Company may appoint any other
Person (including any of its Subsidiaries) to be the Bid Solicitation Agent at any time after the Issue Date without prior notice to any Holder. 

“Board of Directors” means the board of directors of the Company or a committee of such board duly authorized
to act on behalf of such board. 
 “Business Day” means any day other than a Saturday, a Sunday or any day
on which the Federal Reserve Bank of New York is authorized or required by law or executive order to close or be closed. 

“Capital Stock” of any Person means any and all shares of, interests in, rights to purchase, warrants or
options for, participations in, or other equivalents of, in each case however designated, the equity of such Person, but excluding any debt securities convertible into such equity. 

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

“Common Stock” means the common stock, $0.001 par value per share, of the Company, subject to
Section 5.09. 
 “Company” means the Person named as such in the first paragraph
of this Supplemental Indenture and, subject to Article 6, its successors and assigns. 
 “Company
Order” means a written request or order signed on behalf of the Company by one (1) of its Officers and delivered to the Trustee. 

“Conversion Agent” means an office or agency in the continental United States where Notes may be presented
for conversion pursuant to Section 4.02(iv) of the Base Indenture (as such section is amended pursuant to Section 2.05(A). 

“Conversion Date” means, with respect to a Note, the first Business Day on which the requirements set forth
in Section 5.02(A) to convert such Note are satisfied. 

  
 - 2 - 

 “Conversion Price” means, as of any time, an amount equal
to (A) one thousand dollars ($1,000) divided by (B) the Conversion Rate in effect at such time. 

“Conversion Rate” initially means 25.7739 shares of Common Stock per $1,000 principal amount of Notes, which
amount is subject to adjustment pursuant to Article 5. Whenever the Indenture refers to the Conversion Rate as of a particular date without setting forth a particular time on such date, such reference will be deemed to be to the Conversion
Rate immediately after the Close of Business on such date. 
 “Conversion Share” means any share of Common
Stock issued or issuable upon conversion of any Note. 
 “Daily Cash Amount” means, with respect to any
VWAP Trading Day, the lesser of (A) the applicable Daily Maximum Cash Amount; and (B) the Daily Conversion Value for such VWAP Trading Day. 

“Daily Conversion Value” means, with respect to any VWAP Trading Day,
one-fortieth (1/40th) of the product of (A) the Conversion Rate on such VWAP Trading Day; and (B) the Daily VWAP per share of Common Stock on such VWAP Trading Day. 

“Daily Maximum Cash Amount” means, with respect to a conversion of any Note, the quotient obtained by
dividing (A) the Specified Dollar Amount applicable to such conversion by (B) forty (40). 
 “Daily Share
Amount” means, with respect to any VWAP Trading Day, the quotient obtained by dividing (A) the excess, if any, of the Daily Conversion Value for such VWAP Trading Day over the applicable Daily Maximum Cash Amount by (B) the Daily
VWAP for such VWAP Trading Day. For the avoidance of doubt, the Daily Share Amount will be zero for such VWAP Trading Day if such Daily Conversion Value does not exceed such Daily Maximum Cash Amount. 

“Daily VWAP” means, for any VWAP Trading Day, the per share volume-weighted average price of the Common Stock
as displayed under the heading “Bloomberg VWAP” on Bloomberg page “RTRX <EQUITY> AQR” (or, if such page is not available, its equivalent successor page) in respect of the period from the scheduled open of trading until the
scheduled close of trading of the primary trading session on such VWAP Trading Day (or, if such volume-weighted average price is unavailable, the market value of one share of Common Stock on such VWAP Trading Day, determined, using a volume-weighted
average price method, by a nationally recognized independent investment banking firm selected by the Company, which may include any of the Underwriters). The Daily VWAP will be determined without regard to after-hours trading or any other trading
outside of the regular trading session. 
 “Default” means any event that is (or, after notice, passage of
time or both, would be) an Event of Default. 

  
 - 3 - 

 “Default Settlement Method” means Combination Settlement
with a Specified Dollar Amount of $1,000 per $1,000 principal amount of Notes; provided, however, that the Company may, from time to time, change the Default Settlement Method by sending notice of the new Default Settlement Method to
the Holders, the Trustee and the Conversion Agent. 
 “Depositary Procedures” means, with respect to any
conversion, transfer, exchange or transaction involving a Global Note or any beneficial interest therein, the rules and procedures of the Depositary applicable to such conversion, transfer, exchange or transaction. 

“Ex-Dividend Date” means, with respect to an issuance, dividend or
distribution on the Common Stock, the first date on which shares of Common Stock trade on the applicable exchange or in the applicable market, regular way, without the right to receive such issuance, dividend or distribution (including pursuant to
due bills or similar arrangements required by the relevant stock exchange). For the avoidance of doubt, any alternative trading convention on the applicable exchange or market in respect of the Common Stock under a separate ticker symbol or CUSIP
number will not be considered “regular way” for this purpose. 
 “Exempted Fundamental Change”
means any Fundamental Change with respect to which, in accordance with Section 4.02(I), the Company does not offer to repurchase any Notes. 

“Fundamental Change” means any of the following events: 

(A) a “person” or “group” (within the meaning of Section 13(d)(3) of the Exchange Act), other than the
Company, any of its Wholly Owned Subsidiaries or any employee benefit plans of the Company or any of its Wholly Owned Subsidiaries, has become and files any report with the SEC indicating that such person or group has become the direct or indirect
“beneficial owner” (as defined below) of shares of the Company’s common stock representing more than fifty percent (50%) of the voting power of all of the Company’s then-outstanding common stock; provided, however,
that, for these purposes, no “person” or “group” will be deemed to be the beneficial owner of any securities tendered pursuant to a tender or exchange offer made by or on behalf of such “person” or “group”
until such tendered securities are accepted for purchase or exchange under such offer; 
 (B) the consummation of
(i) any sale, lease or other transfer, in one transaction or a series of transactions, of all or substantially all of the assets of the Company and its Subsidiaries, taken as a whole, to any Person, other than one or more of the Company’s
Wholly Owned Subsidiaries; or (ii) any transaction or series of related transactions in connection with which (whether by means of merger, consolidation, share exchange, combination, reclassification, recapitalization, acquisition, liquidation
or otherwise) all of the Common Stock is exchanged for, converted into, acquired for, or constitutes solely the right to receive, other securities, cash or other property (other than changes resulting solely from a subdivision or combination, or a
change in par value, of the Common Stock); provided, however, that any merger, consolidation, share exchange or combination of the Company pursuant to which the Persons that directly or indirectly “beneficially owned” (as
defined below) all classes of the Company’s common equity immediately before such transaction directly or indirectly “beneficially own,” immediately after such transaction, more than fifty percent (50%) of all classes of common equity
of the surviving, continuing or acquiring company or other transferee, as applicable, or the parent thereof, in 

  
 - 4 - 

 
substantially the same proportions vis-à-vis each other as immediately before such transaction will be
deemed not to be a Fundamental Change pursuant to this clause (B); 
 (C) the Company’s stockholders approve any
plan or proposal for the liquidation or dissolution of the Company; or 
 (D) the Common Stock ceases to be listed or quoted
on any of The New York Stock Exchange, The Nasdaq Global Market or The Nasdaq Global Select Market (or any of their respective successors); 

provided, however, that a transaction or event described in clause (A) or (B) above will not constitute a
Fundamental Change if at least ninety percent (90%) of the consideration received or to be received by the holders of Common Stock (excluding cash payments for fractional shares or pursuant to dissenters rights), in connection with such transaction
or event, consists of shares of common stock listed or quoted (or depositary receipts or shares representing shares of common stock, which depositary receipts or shares are listed or quoted) on any of The New York Stock Exchange, The Nasdaq Global
Market or The Nasdaq Global Select Market (or any of their respective successors), or that will be so listed when issued or exchanged in connection with such transaction or event, and such transaction or event constitutes a Common Stock Change Event
whose Reference Property consists of such consideration. For purposes of this definition, any transaction that constitutes a Fundamental Change pursuant to both clause (A) or (B) above (without regard to the proviso in clause
(B) above) will be deemed to occur solely pursuant to clause (B) above (subject to such proviso). 

For the purposes of this definition, whether a Person is a “beneficial owner” and whether shares are
“beneficially owned” will be determined in accordance with Rule 13d-3 under the Exchange Act, subject to the proviso to clause (A) above. 

“Fundamental Change Repurchase Date” means the date fixed for the repurchase of any Notes by the Company
pursuant to a Repurchase Upon Fundamental Change. 
 “Fundamental Change Repurchase Notice” means a notice
(including a notice substantially in the form of the “Fundamental Change Repurchase Notice” set forth in Exhibit A) containing the information, or otherwise complying with the requirements, set forth in
Section 4.02(F)(i) and Section 4.02(F)(ii). 
 “Fundamental
Change Repurchase Price” means the cash price payable by the Company to repurchase any Note upon its Repurchase Upon Fundamental Change, calculated pursuant to Section 4.02(D). 

“Global Note” means a Note that is represented by a certificate substantially in the form set forth in
Exhibit A, registered in the name of the Depositary or its nominee, duly executed by the Company and authenticated by the Trustee, and deposited with the Trustee, as custodian for the Depositary. 

“Global Note Legend” means a legend substantially in the form set forth in Exhibit B-1. 

  
 - 5 - 

 “Holder” means a person in whose name a Note is registered
on the Registrar’s books for the Notes. 
 “Indenture” has the meaning specified in the recitals of
this Supplemental Indenture. 
 “Interest Payment Date,” with respect to a Note, means, notwithstanding
anything to the contrary in Section 1.01 of the Base Indenture, each March 15 and September 15 of each year, commencing on March 15, 2019 (or such other date specified in the certificate representing such Note). For the avoidance
of doubt the Maturity Date is an Interest Payment Date. 
 “Issue Date” means September 10, 2018. 

“Last Reported Sale Price” of the Common Stock for any Trading Day means the closing sale price per share
(or, if no closing sale price is reported, the average of the last bid price and the last ask price per share or, if more than one in either case, the average of the average last bid prices and the average last ask prices per share) of Common Stock
on such Trading Day as reported in composite transactions for the principal U.S. national or regional securities exchange on which the Common Stock is then listed. If the Common Stock is not listed on a U.S. national or regional securities exchange
on such Trading Day, then the Last Reported Sale Price will be the last quoted bid price per share of Common Stock on such Trading Day in the over-the-counter market as
reported by OTC Markets Group Inc. or a similar organization. If the Common Stock is not so quoted on such Trading Day, then the Last Reported Sale Price will be the average of the mid-point of the last bid
price and the last ask price per share of Common Stock on such Trading Day from each of at least three (3) nationally recognized independent investment banking firms selected by the Company, which may include any of the Underwriters. Neither
the Trustee nor the Conversion Agent will have any duty to determine the Last Reported Sale Price. The Last Reported Sale Price will be determined without regard to after-hours trading or any other trading outside of the regular trading session
hours. 
 “Make-Whole Fundamental Change” means a Fundamental Change (determined after giving effect to the
proviso immediately after clause (D) of the definition thereof, but without regard to the proviso to clause (B)(ii) of the definition thereof). 

“Make-Whole Fundamental Change Conversion Period” means, with respect to a Make-Whole Fundamental Change, the
period from, and including, the effective date of such Make-Whole Fundamental Change to, and including, the thirty fifth (35th) Trading Day after such effective date (or, if such Make-Whole Fundamental Change also constitutes a Fundamental Change
(other than an Exempted Fundamental Change), to, but excluding, the related Fundamental Change Repurchase Date): 

“Market Disruption Event” means, with respect to any date, the occurrence or existence, during the one-half hour period ending at the scheduled close of trading on such date on the principal U.S. national or regional securities exchange or other market on which the Common Stock is listed for trading or trades, of
any material suspension or limitation imposed on trading (by reason of movements in price exceeding limits permitted by the relevant exchange 

  
 - 6 - 

 
or otherwise) in the Common Stock or in any options, contracts or futures contracts relating to the Common Stock. 

“Maturity Date” means September 15, 2025 

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

“Notes” means the 2.50% Convertible Senior Notes due 2025 issued by the Company pursuant to the Indenture.

 “Observation Period” means, with respect to any Note to be converted, (A) subject to clause
(B) below, if the Conversion Date for such Note occurs on or before the forty-fifth (45th) Scheduled Trading Day immediately before the Maturity Date, the forty (40) consecutive VWAP Trading Days beginning on, and including, the third
(3rd) VWAP Trading Day immediately after such Conversion Date; (B) if such Conversion Date occurs on or after the date the Company has sent a Redemption Notice calling such Note for Redemption pursuant to
Section 4.03(F) and before the related Redemption Date, the forty (40) consecutive VWAP Trading Days beginning on, and including, the forty-first (41st) Scheduled Trading Day immediately before such Redemption Date;
and (C) subject to clause (B) above, if such Conversion Date occurs after the forty-fifth (45th) Scheduled Trading Day immediately before the Maturity Date, the forty (40) consecutive VWAP Trading Days beginning on, and
including, the forty-first (41st) Scheduled Trading Day immediately before the Maturity Date. 
 “Open of
Business” means 9:00 a.m., New York City time. 
 “Outstanding” means, with respect to the Notes,
those Notes that, at the relevant time, are deemed to be outstanding pursuant to Section 2.10. 

“Person” or “person” means any individual, corporation, partnership, limited liability
company (or series thereof), joint venture, association, joint-stock company, trust, unincorporated organization or government or other agency or political subdivision thereof. 

“Paying Agent” means an office or agency in the continental United States where Notes may be presented for
payment, as established pursuant to Sections 4.02(i) and 4.03 of the Base Indenture. 
 “Physical Note”
means a Note (other than a Global Note) that is represented by a certificate substantially in the form set forth in Exhibit A, registered in the name of the Holder of such Note and duly executed by the Company and authenticated by the
Trustee. 
 “Redemption” means the repurchase of any Note by the Company pursuant to
Section 4.03. 
 “Redemption Date” means the date fixed for the repurchase of any
Notes by the Company pursuant to a Redemption. 

  
 - 7 - 

 “Redemption Notice Date” means, with respect to a
Redemption, the date on which the Company sends the Redemption Notice for such Redemption pursuant to Section 4.03(F). 

“Redemption Price” means the cash price payable by the Company to redeem any Note upon its Redemption,
calculated pursuant to 
 Section 4.03(E). 

“Register” means the Security Register of the Notes. 

“Registrar” means the Security Registrar for the Notes. 

“Regular Record Date” has the following meaning with respect to an Interest Payment Date: (A) if such
Interest Payment Date occurs on March 15, the immediately preceding March 1; and (B) if such Interest Payment Date occurs on September 15, the immediately preceding September 1. 

“Repurchase Upon Fundamental Change” means the repurchase of any Note by the Company pursuant to
Section 4.02. 
 “Scheduled Trading Day” means any day that is scheduled to be a
Trading Day on the principal U.S. national or regional securities exchange on which the Common Stock is then listed or, if the Common Stock is not then listed on a U.S. national or regional securities exchange, on the principal other market on which
the Common Stock is then traded. If the Common Stock is not so listed or traded, then “Scheduled Trading day” means a Business Day. 

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

“Settlement Method” means Cash Settlement, Physical Settlement or Combination Settlement. 

“Significant Subsidiary” means, with respect to any Person, any Subsidiary of such Person that constitutes,
or any group of Subsidiaries of such Person that, in the aggregate, would constitute, a “significant subsidiary” (as defined in Rule 1-02(w) of Regulation S-X
under the Exchange Act) of such Person; provided, however, that, if a Subsidiary meets the criteria of clause (3), but not clause (1) or (2), of the definition of “significant subsidiary” in Rule 1-02(w), then such Subsidiary will not be deemed not to be a Significant Subsidiary unless such Subsidiary’s or group’s income from continuing operations before income taxes, extraordinary items and
cumulative effect of a change in accounting principle, exclusive of amounts attributable to any non-controlling interests, for the last completed fiscal year before the date of determination exceeds twenty
million dollars ($20,000,000). 
 “Special Interest” means any interest that accrues on any Note pursuant
to Section 7.03. 
 “Specified Dollar Amount” means, with respect to the
conversion of a Note to which Combination Settlement applies, the maximum cash amount per $1,000 principal amount of such Note deliverable upon such conversion (excluding cash in lieu of any fractional share of Common Stock). 

  
 - 8 - 

 “Stock Price” has the following meaning for any Make-Whole
Fundamental Change: (A) if the holders of Common Stock receive only cash in consideration for their shares of Common Stock in such Make-Whole Fundamental Change and such Make-Whole Fundamental Change is pursuant to clause (B) of the
definition of “Fundamental Change,” then the Stock Price is the amount of cash paid per share of Common Stock in such Make-Whole Fundamental Change; and (B) in all other cases, the Stock Price is the average of the Last Reported Sale
Prices per share of Common Stock for the five (5) consecutive Trading Days ending on, and including, the Trading Day immediately before the effective date of such Make-Whole Fundamental Change. 

“Subsidiary” means, with respect to any Person, (A) any corporation, association or other business
entity (other than a partnership or limited liability company) of which more than fifty percent (50%) of the total voting power of the Capital Stock entitled (without regard to the occurrence of any contingency, but after giving effect to any voting
agreement or stockholders’ agreement that effectively transfers voting power) to vote in the election of directors, managers or trustees, as applicable, of such corporation, association or other business entity is owned or controlled, directly
or indirectly, by such Person or one or more of the other Subsidiaries of such Person; and (B) any partnership or limited liability company where (i) more than fifty percent (50%) of the capital accounts, distribution rights, equity and
voting interests, or of the general and limited partnership interests, as applicable, of such partnership or limited liability company are owned or controlled, directly or indirectly, by such Person or one or more of the other Subsidiaries of such
Person, whether in the form of membership, general, special or limited partnership or limited liability company interests or otherwise; and (ii) such Person or any one or more of the other Subsidiaries of such Person is a controlling general
partner of, or otherwise controls, such partnership or limited liability company. 
 “Supplemental
Indenture” has the meaning specified in the recitals of this Supplemental Indenture. 
 “Trading
Day” means any day on which (A) trading in the Common Stock generally occurs on the principal U.S. national or regional securities exchange on which the Common Stock is then listed or, if the Common Stock is not then listed on a U.S.
national or regional securities exchange, on the principal other market on which the Common Stock is then traded; and (B) there is no Market Disruption Event. If the Common Stock is not so listed or traded, then “Trading Day” means a
Business Day. 
 “Trading Price” of the Notes on any Trading Day means the average of the secondary market
bid quotations, expressed as a cash amount per $1,000 principal amount of Notes, obtained by the Bid Solicitation Agent for one million dollars ($1,000,000) in principal amount of Notes at approximately 3:30 p.m., New York City time, on such Trading
Day from three (3) nationally recognized independent securities dealers selected by the Company, which may include any of the Underwriters; provided, however, that, if three (3) such bids cannot reasonably be obtained by the
Bid Solicitation Agent but two (2) such bids are obtained, then the average of the two (2) bids will be used, and if only one (1) such bid can reasonably be obtained by the Bid Solicitation Agent, then that one (1) bid will be
used. If, on any Trading Day, (A) the Bid Solicitation Agent cannot reasonably obtain at least one (1) bid for one million dollars 

  
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($1,000,000) in principal amount of Notes from a nationally recognized independent securities dealer; (B) the Company is not acting as the Bid Solicitation Agent and the Company fails to
instruct the Bid Solicitation Agent to obtain bids when required; or (C) the Bid Solicitation Agent fails to solicit bids when required, then, in each case, the Trading Price per $1,000 principal amount of Notes on such Trading Day will be
deemed to be less than ninety eight percent (98%) of the product of the Last Reported Sale Price per share of Common Stock on such Trading Day and the Conversion Rate on such Trading Day. 

“Underwriters” has the meaning set forth in the Underwriting Agreement. 

“Underwriting Agreement” means that certain Underwriting Agreement, dated as of September 5, 2018,
between the Company and, as representatives of the several underwriters named in Schedule A thereto, Jefferies LLC and Barclays Capital Inc. 

“VWAP Market Disruption Event” means, with respect to any date, (A) the failure by the principal U.S.
national or regional securities exchange on which the Common Stock is then listed, or, if the Common Stock is not then listed on a U.S. national or regional securities exchange, the principal other market on which the Common Stock is then traded, to
open for trading during its regular trading session on such date; or (B) the occurrence or existence, for more than one half hour period in the aggregate, of any suspension or limitation imposed on trading (by reason of movements in price
exceeding limits permitted by the relevant exchange or otherwise) in the Common Stock or in any options, contracts or futures contracts relating to the Common Stock, and such suspension or limitation occurs or exists at any time before 1:00 p.m.,
New York City time, on such date. 
 “VWAP Trading Day” means a day on which (A) there is no VWAP
Market Disruption Event; and (B) trading in the Common Stock generally occurs on the principal U.S. national or regional securities exchange on which the Common Stock is then listed or, if the Common Stock is not then listed on a U.S. national
or regional securities exchange, on the principal other market on which the Common Stock is then traded. If the Common Stock is not so listed or traded, then “VWAP Trading Day” means a Business Day. 

“Wholly Owned Subsidiary” of a Person means any Subsidiary of such Person all of the outstanding Capital
Stock or other ownership interests of which (other than directors’ qualifying shares) are owned by such Person or one or more Wholly Owned Subsidiaries of such Person. 

Section 1.02. OTHER DEFINITIONS. 
  

					
	 Term
	  	Defined in
Section	 
	 “Acceleration”
	  	 	7.01(A)	 
	 “Additional Shares”
	  	 	5.07(A)	 
	 “Business Combination Event”
	  	 	6.01(A)	 
	 “Cash Settlement”
	  	 	5.03(A)	 
	 “Combination Settlement”
	  	 	5.03(A)	 
	 “Common Stock Change Event”
	  	 	5.09(A)	 

  
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	 “Conversion Consideration”
	  	 	5.03(B)	 
	 “Default Interest”
	  	 	2.04(B)	 
	 “Defaulted Amount”
	  	 	2.04(B)	 
	 “Event of Default”
	  	 	7.01(A)	 
	 “Exchange Election”
	  	 	5.08	 
	 “Expiration Date”
	  	 	5.05(A)(v)	 
	 “Expiration Time”
	  	 	5.05(A)(v)	 
	 “Fundamental Change Notice”
	  	 	4.02(E)	 
	 “Fundamental Change Repurchase Right”
	  	 	4.02(A)	 
	 “Initial Notes”
	  	 	2.02(A)	 
	 “Measurement Period”
	  	 	5.01(C)(i)(2)	 
	 “Physical Settlement”
	  	 	5.03(A)	 
	 “Redemption Notice”
	  	 	4.03(F)	 
	 “Reference Price”
	  	 	5.05(A)(v)	 
	 “Reference Property”
	  	 	5.09(A)	 
	 “Reference Property Unit”
	  	 	5.09(A)	 
	 “Reporting Event of Default”
	  	 	7.03(A)	 
	 “Specified Courts”
	  	 	10.05	 
	 “Spin-Off”
	  	 	5.05(A)(iii)(2)	 
	 “Spin-Off Valuation Period”
	  	 	5.05(A)(iii)(2)	 
	 “Stated Interest”
	  	 	2.04(A)	 
	 “Successor Corporation”
	  	 	6.01(A)	 
	 “Successor Person”
	  	 	5.09(A)	 
	 “Tender/Exchange Offer Valuation Period”
	  	 	5.05(A)(v)	 
	 “Trading Price Condition”
	  	 	5.01(C)(i)(2)	 

 Section 1.03. RULES OF CONSTRUCTION. 

For purposes of the Indenture: 

(A) “or” is not exclusive; 

(B) “including” means “including without limitation”; 

(C) “will” expresses a command; 

(D) a merger involving, or a transfer of assets by, a limited liability company, limited partnership or trust will be deemed to
include any division of or by, or an allocation of assets to a series of, such limited liability company, limited partnership or trust, or any unwinding of any such division or allocation; 

(E) words in the singular include the plural and in the plural include the singular, unless the context requires otherwise;

 (F) “herein,” “hereof” and other words of similar import refer to the Indenture as a whole and not to
any particular Article, Section or other subdivision of the Indenture, unless the context requires otherwise; 

  
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 (G) references to currency mean the lawful currency of the United States of
America, unless the context requires otherwise; 
 (H) the exhibits, schedules and other attachments to this Supplemental
Indenture are deemed to form part of the Indenture; 
 (I) the term “interest,” when used with respect to a
Note, includes any Special Interest, unless the context requires otherwise; and 
 (J) to the extent any provision of this
Supplemental Indenture limits, qualifies or conflicts with a provision of the Base Indenture, such provision of this Supplemental Indenture will control. 

Section 1.04. SCOPE OF SUPPLEMENTAL INDENTURE. 

This Supplemental Indenture supplements the provisions of the Base Indenture, to which provisions reference is hereby made. The
changes, modifications and supplements to the Base Indenture effected by this Supplemental Indenture will be applicable only with respect to, and will only govern the terms of, the Notes, which may be issued from time to time, and will not apply to
any other Securities that may be issued under the Base Indenture unless a supplemental indenture with respect to such other securities specifically incorporates such changes, modifications and supplements. For all purposes under the Base Indenture,
the Notes will constitute a single series of Notes, and with regard to any matter requiring the consent under the Base Indenture of Holders of multiple Series of Notes voting together as a single class, the consent of Holders of the Notes voting as
a separate class will also be required and the same threshold will apply. The provisions of this Supplemental Indenture will supersede any conflicting provisions in the Base Indenture. 

Article 2. THE NOTES 

Section 2.01. FORM, DATING AND DENOMINATIONS. 

The Notes and the Trustee’s certificate of authentication will be substantially in the form set forth in Exhibit A.
The Notes will bear the legends required by Section 2.06 and may bear notations, legends or endorsements required by law, stock exchange rule or usage or the Depositary. Each Note will be dated as of the date of its
authentication. 
 Except to the extent otherwise provided in a Company Order delivered to the Trustee in connection with
the issuance and authentication thereof, the Notes will be issued initially in the form of one or more Global Notes. Global Notes may be exchanged for Physical Notes, and Physical Notes may be exchanged for Global Notes, only as provided in
Section 2.11 of the Base Indenture. 
 The Notes will be issuable only in registered form without interest coupons and
only in Authorized Denominations. 
 Each certificate representing a Note will bear a unique registration number that is not
affixed to any other certificate representing another outstanding Note. 

  
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 The terms contained in the Notes constitute part of the Indenture, and, to
the extent applicable, the Company and the Trustee, by their execution and delivery of the Indenture, agree to such terms and to be bound thereby; provided, however, that, to the extent that any provision of any Note conflicts with the
provisions of the Indenture, the provisions of the Indenture will control for purposes of the Indenture and such Note. 
 Section 2.02.
INITIAL NOTES AND ADDITIONAL NOTES. 
 (A)
Initial Notes. On the Issue Date, there will be originally issued two hundred and seventy-six million dollars ($276,000,000) aggregate principal amount of Notes, subject to the provisions of the
Indenture (including Section 2.04 of the Base Indenture). Notes issued pursuant to the Underwriting Agreement, and any Notes issued in exchange therefor or in substitution thereof, are referred to in the Indenture as the “Initial
Notes.” 
 (B) Additional Notes. The Company may, subject to the provisions of the Indenture (including
Section 2.04 of the Base Indenture), originally issue additional Notes with the same terms as the initial Notes (except, to the extent applicable, with respect to the date as of which interest begins to accrue on such additional Notes and
the first Interest Payment Date of such additional Notes), which additional Notes will, subject to the foregoing, be considered to be part of the same series of, and rank equally and ratably with all other, Notes issued under the Indenture;
provided, however, that if any such additional Notes are not fungible with other Notes issued under the Indenture for federal income tax or federal securities laws purposes, then such additional Notes will be identified by a separate
CUSIP number or by no CUSIP number. In authenticating additional Notes, the Trustee will receive: 
 (i) a
copy of the resolution or resolutions of the Board of Directors in or pursuant to which the terms and form of the Notes were established, and if the terms and form of such Notes are established by an Officer’s Certificate pursuant to general
authorization of the Board of Directors, such Officer’s Certificate; 
 (ii) an executed supplemental
indenture, if any; and 
 (iii) an Opinion of Counsel which will state: 

(1) that the form and terms of such Notes have been established in conformity with the provisions of the
Indenture; and 
 (2) that such Notes, when authenticated and delivered by the Trustee and issued by the
Company in the manner and subject to any conditions specified in such Opinion of Counsel, will constitute valid and legally binding obligations of the Company, enforceable in accordance with their terms, subject to bankruptcy, insolvency,
reorganization and other laws of general applicability relating to or affecting the enforcement of creditors’ rights and to general equity principles. 

  
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 Section 2.03. METHOD OF PAYMENT. 

(A) Global Notes. The Company will pay, or cause the Paying Agent to pay, the principal (whether due upon maturity on
the Maturity Date, Redemption on a Redemption Date or repurchase on a Fundamental Change Repurchase Date or otherwise) of, interest on, and any cash Conversion Consideration for, any Global Note to the Depositary by wire transfer of immediately
available funds no later than the time the same is due as provided in the Indenture. 
 (B) Physical Notes. The
Company will pay, or cause the Paying Agent to pay, the principal (whether due upon maturity on the Maturity Date, Redemption on a Redemption Date or repurchase on a Fundamental Change Repurchase Date or otherwise) of, interest on, and any cash
Conversion Consideration for, any Physical Note no later than the time the same is due as provided in the Indenture as follows: (i) if the principal amount of such Physical Note is at least five million dollars ($5,000,000) (or such lower
amount as the Company may choose in its sole and absolute discretion) and the Holder of such Physical Note entitled to such payment has delivered to the Paying Agent or the Trustee, no later than the time set forth in the immediately following
sentence, a written request that the Company make such payment by wire transfer to an account of such Holder within the United States, by wire transfer of immediately available funds to such account; and (ii) in all other cases, by check mailed
to the address of the Holder of such Physical Note entitled to such payment as set forth in the Register. To be timely, such written request must be so delivered no later than the Close of Business on the following date: (x) with respect to the
payment of any interest due on an Interest Payment Date, the immediately preceding Regular Record Date; (y) with respect to any cash Conversion Consideration, the relevant Conversion Date; and (z) with respect to any other payment, the
date that is fifteen (15) calendar days immediately before the date such payment is due. 
 Section 2.04. ACCRUAL
OF INTEREST; DEFAULTED AMOUNTS; WHEN PAYMENT DATE IS NOT A BUSINESS
DAY. 
 (A) Accrual of Interest. Each Note will accrue interest at a rate per annum equal to 2.50%
(the “Stated Interest”), plus any Special Interest that may accrue pursuant to Section 7.03. Stated Interest on each Note will (i) accrue from, and including, the most recent date to which Stated
Interest has been paid or duly provided for (or, if no Stated Interest has theretofore been paid or duly provided for, the date set forth in the certificate representing such Note as the date from, and including, which Stated Interest will begin to
accrue in such circumstance) to, but excluding, the date of payment of such Stated Interest; and (ii) be, subject to Sections 4.02(D), 4.03(E) and 5.02(D) (but without duplication of any payment of interest), payable
semi-annually in arrears on each Interest Payment Date, beginning on the first Interest Payment Date set forth in the certificate representing such Note, to the Holder of such Note as of the Close of Business on the immediately preceding Regular
Record Date. Stated Interest, and, if applicable, Special Interest, on the Notes will be computed on the basis of a 360-day year comprised of twelve 30-day months. 

(B) Defaulted Amounts. If the Company fails to pay any amount (a “Defaulted Amount”) payable on a Note
on or before the due date therefor as provided in the Indenture, then, regardless of whether such failure constitutes an Event of Default, (i) such Defaulted Amount will forthwith cease to be payable to the Holder of such Note otherwise
entitled to such 

  
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payment; (ii) to the extent lawful, interest (“Default Interest”) will accrue on such Defaulted Amount at a rate per annum equal to the rate per annum at which Stated
Interest accrues, from, and including, such due date to, but excluding, the date of payment of such Defaulted Amount and Default Interest; (iii) such Defaulted Amount and Default Interest will be paid on a payment date selected by the Company
to the Holder of such Note as of the Close of Business on a special record date selected by the Company, provided that such special record date must be no more than fifteen (15), nor less than ten (10), calendar days before such payment date;
and (iv) at least fifteen (15) calendar days before such special record date, the Company will send notice to the Trustee and the Holders that states such special record date, such payment date and the amount of such Defaulted Amount and
Default Interest to be paid on such payment date. 
 (C) Delay of Payment when Payment Date is Not a Business Day. If
the due date for a payment on a Note as provided in the Indenture is not a Business Day, then, notwithstanding anything to the contrary in the Indenture or the Notes, such payment may be made on the immediately following Business Day and no interest
will accrue on such payment as a result of the related delay. Solely for purposes of the immediately preceding sentence, a day on which the applicable place of payment is authorized or required by law or executive order to close or be closed will be
deemed not to be a “Business Day.” 
 Section 2.05. REGISTRAR, PAYING AGENT,
CONVERSION AGENT AND DEPOSITARY. 
 (A) Conversion
Agent. For purposes of the Notes, the first sentence of Section 4.02 of the Base Indenture is amended to (x) delete the “and” immediately preceding clause (iii) thereof; and (y) adding the following text immediately
before the comma following the phrase “given or served”: “, and (iv) Notes may be presented for conversion”. 

(B) Initial Appointments. The Company appoints (i) the Trustee as the initial Paying Agent, the initial Registrar
and the initial Conversion Agent for the Notes; and (ii) the Depository Trust Company (or its successor) as the initial Depositary for the Notes. 

Section 2.06. LEGENDS. 

(A) Global Note Legend. Each Global Note will bear the Global Note Legend (or any similar legend, not inconsistent with
the Indenture, required by the Depositary for such Global Note). 
 (B) [Reserved]. 

(C) Other Legends. A Note may bear any other legend or text, not inconsistent with the Indenture, as may be required by
applicable law or by any securities exchange or automated quotation system on which such Note is traded or quoted. 
 (D)
Acknowledgement and Agreement by the Holders. A Holder’s acceptance of any Note bearing any legend required by this Section 2.06 will constitute such Holder’s acknowledgement of, and agreement to comply
with, the restrictions set forth in such legend. 

  
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 Section 2.07. CERTAIN TRANSFER RESTRICTIONS
ON NOTES SUBJECT TO REDEMPTION, REPURCHASE OR CONVERSION. 

Notwithstanding anything to the contrary in the Indenture or the Notes, the Company, the Trustee and the Registrar will not be
required to register the transfer of or exchange any Note that (i) has been surrendered for conversion, except to the extent that any portion of such Note is not subject to conversion; (ii) is subject to a Fundamental Change Repurchase
Notice validly delivered, and not withdrawn, pursuant to Section 4.02(F), except to the extent that any portion of such Note is not subject to such notice or the Company fails to pay the applicable Fundamental Change
Repurchase Price when due; or (iii) has been selected for Redemption pursuant to a Redemption Notice, except to the extent that any portion of such Note is not subject to Redemption or the Company fails to pay the applicable Redemption Price
when due. 
 Section 2.08. EXCHANGE AND CANCELLATION OF NOTES
TO BE CONVERTED, REDEEMED OR REPURCHASED. 

(A) Partial Conversions, Redemptions and Repurchases of Physical Notes. If only a portion of a Physical Note of a
Holder is to be converted pursuant to Article 5, repurchased pursuant to a Repurchase Upon Fundamental Change, or redeemed pursuant to a Redemption, then, as soon as reasonably practicable after such Physical Note is surrendered for such
conversion, repurchase or Redemption, the Company will cause such Physical Note to be exchanged, pursuant and subject to Section 2.05 of the Base Indenture, for (i) one or more Physical Notes that are in Authorized Denominations and
have an aggregate principal amount equal to the principal amount of such Physical Note that is not to be so converted, repurchased or redeemed, and deliver such Physical Note(s) to such Holder; and (ii) a Physical Note having a principal amount
equal to the principal amount to be so converted, repurchased or redeemed, which Physical Note will be converted, repurchased or redeemed, as applicable, pursuant to the terms of the Indenture; provided, however, that the Physical Note
referred to in this clause (ii) need not be issued at any time after which such principal amount subject to such conversion, repurchase or redemption is deemed to cease to be Outstanding pursuant to Section 2.10. 

(B) Cancellation of Converted, Redeemed and Repurchased Notes. 

(i) Physical Notes. If a Physical Note (or any portion thereof that has not theretofore been exchanged
pursuant to Section 2.08(A)) of a Holder is to be converted pursuant to Article 5, repurchased pursuant to a Repurchase Upon Fundamental Change or redeemed pursuant to a Redemption, then, promptly after the later of
the time such Physical Note (or such portion) is deemed to cease to be Outstanding pursuant to Section 2.10 and the time such Physical Note is surrendered for such conversion, repurchase or redemption, as applicable,
(1) such Physical Note will be cancelled pursuant to Section 2.08 of the Base Indenture; and (2) in the case of a partial conversion or repurchase, the Company will issue, execute and deliver to such Holder, and the Trustee will
authenticate, in each case in accordance with Section 2.04 of the Base Indenture, one or more Physical Notes that (x) are in Authorized Denominations and have an aggregate principal amount equal to the principal amount of such
Physical Note that is not to be so converted, repurchased or redeemed; (y) are registered in the name of such Holder; and (z) bear each legend, if any, required by Section 2.06. 

  
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 (ii) Global Notes. If a Global Note (or any portion
thereof) is to be converted pursuant to Article 5, repurchased pursuant to a Repurchase Upon Fundamental Change or redeemed pursuant to a Redemption, then, promptly after the time such Note (or such portion) is deemed to cease to be
Outstanding pursuant to Section 2.10, the Trustee will reflect a decrease of the principal amount of such Global Note in an amount equal to the principal amount of such Global Note to be so converted, repurchased or
redeemed, as applicable, by notation on the “Schedule of Exchanges of Interests in the Global Note” forming part of such Global Note (and, if the principal amount of such Global Note is zero following such notation, cancel such Global Note
pursuant to Section 2.08 of the Base Indenture). 
 Section 2.09. NOTES HELD BY THE
COMPANY OR ITS AFFILIATES. 
 Without limiting the generality
of Section 3.06, in determining whether the Holders of the required aggregate principal amount of Notes have concurred in any direction, waiver or consent, Notes owned by the Company or any of its Affiliates will be deemed
not to be outstanding; provided, however, that, for purposes of determining whether the Trustee is protected in relying on any such direction, waiver or consent, only Notes that a Responsible Officer of the Trustee actually knows are
so owned will be so disregarded. 
 Section 2.10. OUTSTANDING NOTES. 

(A) Generally. The Notes that are Outstanding at any time will be deemed to be those Notes that, at such time, have been
duly executed and authenticated, excluding those Notes (or portions thereof) that have theretofore been (i) cancelled by the Trustee or delivered to the Trustee for cancellation in accordance with Section 2.08 of the Base Indenture;
(ii) assigned a principal amount of zero by notation on the “Schedule of Exchanges of Interests in the Global Note” forming part of any a Global Note representing such Note; (iii) paid in full in accordance with the Indenture; or
(iv) deemed to cease to be outstanding to the extent provided in, and subject to, clause (B), (C) or (D) of this Section 2.10. 

(B) Replaced Notes. If a Note is replaced pursuant to Section 2.07 of the Base Indenture, then such Note will cease
to be outstanding at the time of its replacement, unless the Trustee and the Company receive proof reasonably satisfactory to them that such Note is held by a “bona fide purchaser” under applicable law. 

(C) Maturing Notes and Notes Called for Redemption or Subject to Repurchase. If, on a Redemption Date, a Fundamental
Change Repurchase Date or the Maturity Date, the Paying Agent holds money sufficient to pay the aggregate Redemption Price, Fundamental Change Repurchase Price or principal amount, respectively, together, in each case, with the aggregate interest,
in each case due on such date, then (unless there occurs a Default in the payment of any such amount) (i) the Notes (or portions thereof) to be redeemed or repurchased, or that mature, on such date will be deemed, as of such date, to cease to
be outstanding, except to the extent provided in Sections 4.02(D), 4.03(E) or 5.02(D); and (ii) the rights of the Holders of such Notes (or such portions thereof), as such, will terminate with respect to such Notes (or such
portions thereof), other than the right to receive the Redemption Price, Fundamental Change Repurchase Price or principal amount, as applicable, of, and accrued and unpaid interest on, such Notes (or

  
 - 17 - 

 
such portions thereof), in each case as provided in the Indenture. 

(D) Notes to Be Converted. At the Close of Business on the Conversion Date for any Note (or any portion thereof) to be
converted, such Note (or such portion) will (unless there occurs a Default in the delivery of the Conversion Consideration or interest due, pursuant to Section 5.03(B) or Section 5.02(D), upon such
conversion) be deemed to cease to be outstanding, except to the extent provided in Section 5.02(D) or Section 5.08. 

(E) Cessation of Accrual of Interest. Except as provided in Sections 4.02(D), 4.03(E) or 5.02(D),
interest will cease to accrue on each Note from, and including, the date that such Note is deemed, pursuant to this Section 2.10, to cease to be outstanding, unless there occurs a default in the payment or delivery of any
cash or other property due on such Note. 
 Section 2.11. REPURCHASES BY THE COMPANY.

 Without limiting the generality of Section 2.08 of the Base Indenture, the Company or its Subsidiaries
may, from time to time, directly or indirectly, repurchase Notes in open market purchases or otherwise, whether through private or public tender or exchange offers, cash-settled swaps or other cash-settled derivatives without delivering prior notice
to Holders. 
 Article 3. COVENANTS 

Subject to Section 1.03(J) and except as provided in this Article 3, the provisions of
Articles 4 and 5 of the Base Indenture, as supplemented by the provisions of this Supplemental Indenture, will apply to the Notes. 
 Section 3.01.
PAYMENT ON NOTES. 
 (A) Generally. The Company will pay or cause to
be paid all the principal of, the Fundamental Change Repurchase Price and Redemption Price for, interest on, and other amounts due with respect to, the Notes on the dates and in the manner set forth in the Indenture. 

(B) Deposit of Funds. Before 1:00 p.m., New York City time, on each Redemption Date, Fundamental Change Repurchase Date
or Interest Payment Date, and on the Maturity Date or any other date on which any cash amount is due on the Notes, the Company will deposit, or will cause there to be deposited, with the Paying Agent cash, in funds immediately available on such
date, sufficient to pay the cash amount due on the applicable Notes on such date. The Paying Agent will return to the Company, as soon as practicable, any money not required for such purpose. 

Section 3.02. EXCHANGE ACT REPORTS. 

This Section 3.02 will apply to the Notes in lieu of Section 5.03 of the Base Indenture, which
will be deemed to be replaced with this Section 3.02, mutatis mutandis. 
 (A)
Generally. The Company will send to the Trustee copies of all annual or quarterly reports (on Form 10-K or Form 10-Q, or any respective successor forms) that the
Company is required to file with or furnish to the SEC pursuant to Section 13(a) or 15(d) of the 

  
 - 18 - 

 
Exchange Act within fifteen (15) calendar days after the date that the Company is required to file or furnish the same (after giving effect to all applicable grace periods under the Exchange
Act); provided, however, that the Company need not send to the Trustee any material for which the Company has received, or is seeking in good faith and has not been denied, confidential treatment by the SEC. Any report that the Company
files with or furnishes to the SEC through the EDGAR system (or any successor thereto) will be deemed to be sent to the Holders at the time such report is so filed or furnished via the EDGAR system (or such successor). The Company will also comply
with its other obligations under Section 314(a)(1) of the Trust Indenture Act. 
 (B) Trustee’s Disclaimer.
The Trustee need not determine whether the Company has filed or furnished any material via the EDGAR system (or such successor). The sending, filing or furnishing of reports pursuant to Section 3.02(A) will not be deemed to
constitute constructive notice to the Trustee of any information contained, or determinable from information contained, therein, including the Company’s compliance with any of its covenants under the Indenture. The Trustee will have no
liability or responsibility for the filing, timeliness or content of any such report or information. 
 Section 3.03. COMPLIANCE
AND DEFAULT CERTIFICATES. 
 Default Certificate. If a Default or
Event of Default occurs, then, within thirty (30) days after its occurrence, the Company will deliver an Officer’s Certificate to the Trustee describing the same and what action the Company is taking or proposes to take with respect
thereto, except that the Company will not be required to deliver such an Officer’s Certificate if such Default or Event of Default has been cured. 

Section 3.04. STAY, EXTENSION AND USURY LAWS. 

To the extent that it may lawfully do so, the Company (A) agrees that it will not at any time insist upon, plead, or in
any manner whatsoever claim or take the benefit or advantage of, any stay, extension or usury law (wherever or whenever enacted or in force) that may affect the covenants or the performance of the Indenture; and (B) expressly waives all
benefits or advantages of any such law and agrees that it will not, by resort to any such law, hinder, delay or impede the execution of any power granted to the Trustee by the Indenture, but will suffer and permit the execution of every such power
as though no such law has been enacted. 
 Section 3.05. CORPORATE EXISTENCE. 

Subject to Article 6, the Company will cause to preserve and keep in full force and effect: 

(A) its corporate existence, and the corporate, partnership or other existence of each of its Subsidiaries, in accordance with
the respective organizational documents of the Company and its Subsidiaries; and 
 (B) the material rights (charter and
statutory), licenses and franchises of the Company and the Subsidiaries; 

  
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 provided, however, that the Company need not preserve or keep in full force
and effect any such existence, right, license or franchise if the Board of Directors determines that (x) the preservation thereof is no longer desirable in the conduct of the business of the Company and its Subsidiaries, taken as a whole; and
(y) the loss thereof is not, individually or in the aggregate, materially adverse to the Holders. 
 Section 3.06. RESTRICTION
ON ACQUISITION OF NOTES BY THE COMPANY. 

The Company will promptly deliver to the Trustee for cancellation all Notes that the Company or any of its Subsidiaries have
purchased or otherwise acquired. 
 Section 3.07. FURTHER INSTRUMENTS AND ACTS. 

At the Trustee’s request, the Company will execute and deliver such further instruments and do such further acts as may be
reasonably necessary or proper to more effectively carry out the purposes of the Indenture. 
 Article 4. REPURCHASE AND REDEMPTION

 This Article 4 will apply to the Notes in lieu of Article 3 of the Base Indenture, which will be deemed to be
replaced with this Article 4, mutatis mutandis. 
 Section 4.01. NO SINKING FUND.

 No sinking fund is required to be provided for the Notes. 

Section 4.02. RIGHT OF HOLDERS TO REQUIRE THE
COMPANY TO REPURCHASE NOTES UPON A FUNDAMENTAL CHANGE. 

(A) Right of Holders to Require the Company to Repurchase Notes Upon a Fundamental Change. Subject to the other terms of
this Section 4.02, if a Fundamental Change occurs, then each Holder will have the right (the “Fundamental Change Repurchase Right”) to require the Company to repurchase such Holder’s Notes (or any
portion thereof in an Authorized Denomination) on the Fundamental Change Repurchase Date for such Fundamental Change for a cash purchase price equal to the Fundamental Change Repurchase Price. 

(B) Repurchase Prohibited in Certain Circumstances. If the principal amount of the Notes has been accelerated and such
acceleration has not been rescinded on or before the Fundamental Change Repurchase Date for a Repurchase Upon Fundamental Change (except in the case of an acceleration resulting solely from a default by the Company in the payment of the related
Fundamental Change Repurchase Price, and any related interest pursuant to the proviso to Section 4.02(D), on such Fundamental Change Repurchase Date), then (i) the Company may not repurchase any Notes pursuant to this
Section 4.02; and (ii) the Company will cause any Notes theretofore surrendered for such Repurchase upon Fundamental Change to be returned to the Holders thereof (or, if applicable with respect to Global Notes, cancel
any instructions for book-entry transfer to the Company, the Trustee or the Paying Agent of the applicable beneficial interest in such Notes in accordance with the Depositary Procedures). 

  
 - 20 - 

 (C) Fundamental Change Repurchase Date. The Fundamental Change
Repurchase Date for any Fundamental Change will be a Business Day of the Company’s choosing that is no more than thirty five (35), nor less than twenty (20), Business Days after the date the Company sends the related Fundamental Change Notice
pursuant to Section 4.02(E). 
 (D) Fundamental Change Repurchase Price. The Fundamental
Change Repurchase Price for any Note to be repurchased upon a Repurchase Upon Fundamental Change following a Fundamental Change is an amount in cash equal to the principal amount of such Note plus accrued and unpaid interest on such Note to, but
excluding, the Fundamental Change Repurchase Date for such Fundamental Change; provided, however, that if such Fundamental Change Repurchase Date is after a Regular Record Date and on or, at the Company’s election, before the next
Interest Payment Date, then (i) the Holder of such Note at the Close of Business on such Regular Record Date will be entitled, notwithstanding such Repurchase Upon Fundamental Change, to receive, on or before such Interest Payment Date, the
unpaid interest that would have accrued on such Note to, but excluding, such Interest Payment Date (assuming, solely for these purposes, that such Note remained outstanding through such Interest Payment Date, if such Fundamental Change Repurchase
Date is before such Interest Payment Date); and (ii) the Fundamental Change Repurchase Price will not include accrued and unpaid interest on such Note to, but excluding, such Fundamental Change Repurchase Date. For the avoidance of doubt, if an
Interest Payment Date is not a Business Day within the meaning of Section 2.04(C) and such Fundamental Change Repurchase Date occurs on the Business Day immediately after such Interest Payment Date, then (x) accrued
and unpaid interest on Notes to, but excluding, such Interest Payment Date will be paid, in accordance with Section 2.04(C), on the next Business Day to Holders at of the Close of Business on the immediately preceding
Regular Record Date; and (y) the Fundamental Change Repurchase Price will include interest on Notes to be repurchased from, and including, such Interest Payment Date. 

(E) Fundamental Change Notice. On or before the twentieth (20th) calendar day after the occurrence of a Fundamental
Change, the Company will send to each Holder and the Trustee a notice of such Fundamental Change (a “Fundamental Change Notice”). 

Such Fundamental Change Notice must state: 

(i) briefly, the events causing such Fundamental Change; 

(ii) the effective date of such Fundamental Change; 

(iii) the procedures that a Holder must follow to require the Company to repurchase its Notes pursuant to this
Section 4.02, including the deadline for exercising the Fundamental Change Repurchase Right and the procedures for submitting and withdrawing a Fundamental Change Repurchase Notice; 

(iv) the Fundamental Change Repurchase Date for such Fundamental Change; 

(v) the Fundamental Change Repurchase Price per $1,000 principal amount of Notes for such Fundamental Change
(and, if such Fundamental Change Repurchase Date is after a Regular Record Date and on or before the next Interest Payment Date, the amount, manner and timing of the interest payment payable pursuant to the proviso to

  
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Section 4.02(D)); 
 (vi) the
name and address of the Paying Agent and the Conversion Agent; 
 (vii) the Conversion Rate in effect on the
date of such Fundamental Change Notice and a description and quantification of any adjustments to the Conversion Rate that may result from such Fundamental Change (including pursuant to Section 5.07); 

(viii) that Notes for which a Fundamental Change Repurchase Notice has been duly tendered and not duly
withdrawn must be delivered to the Paying Agent for the Holder thereof to be entitled to receive the Fundamental Change Repurchase Price; 

(ix) that Notes (or any portion thereof) that are subject to a Fundamental Change Repurchase Notice that has
been duly tendered may be converted only if such Fundamental Change Repurchase Notice is withdrawn in accordance with the Indenture; and 

(x) the CUSIP and ISIN numbers, if any, of the Notes. 

Neither the failure to deliver a Fundamental Change Notice nor any defect in a Fundamental Change Notice will limit the
Fundamental Change Repurchase Right of any Holder or otherwise affect the validity of any proceedings relating to any Repurchase Upon Fundamental Change. 

(F) Procedures to Exercise the Fundamental Change Repurchase Right. 

(i) Delivery of Fundamental Change Repurchase Notice and Notes to Be Repurchased. To exercise its
Fundamental Change Repurchase Right for a Note following a Fundamental Change, the Holder thereof must deliver to the Paying Agent: 

(1) before the Close of Business on the Business Day immediately before the related Fundamental Change
Repurchase Date (or such later time as may be required by law), a duly completed, written Fundamental Change Repurchase Notice with respect to such Note; and 

(2) such Note, duly endorsed for transfer (if such Note is a Physical Note) or by book-entry transfer (if such
Note is a Global Note). 
 The Paying Agent will promptly deliver to the Company a copy of each Fundamental Change Repurchase
Notice that it receives. 
 (ii) Contents of Fundamental Change Repurchase Notices. Each Fundamental
Change Repurchase Notice with respect to a Note must state: 
 (1) if such Note is a Physical Note, the
certificate number of such Note; 
 (2) the principal amount of such Note to be repurchased, which must

  
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be an Authorized Denomination; and 
 (3) that such
Holder is exercising its Fundamental Change Repurchase Right with respect to such principal amount of such Note; 

provided, however, that if such Note is a Global Note, then such Fundamental Change Repurchase Notice must comply
with the Depositary Procedures (and any such Fundamental Change Repurchase Notice delivered in compliance with the Depositary Procedures will be deemed to satisfy the requirements of this Section 4.02(F)). 

(iii) Withdrawal of Fundamental Change Repurchase Notice. A Holder that has delivered a Fundamental
Change Repurchase Notice with respect to Note may withdraw such Fundamental Change Repurchase Notice by delivering a written notice of withdrawal to the Paying Agent at any time before the Close of Business on the Business Day immediately before the
related Fundamental Change Repurchase Date (or, if the Company fails to pay the related Fundamental Change Repurchase Price for such Note when due, at any time before such Fundamental Change Repurchase Price is paid in full). Such withdrawal notice
must state: 
 (1) if such Note is a Physical Note, the certificate number of such Note; 

(2) the principal amount of such Note to be withdrawn, which must be an Authorized Denomination; and 

(3) the principal amount of such Note, if any, that remains subject to such Fundamental Change Repurchase
Notice, which must be an Authorized Denomination; 
 provided, however, that if such Note is a Global Note,
then such withdrawal notice must comply with the Depositary Procedures (and any such withdrawal notice delivered in compliance with the Depositary Procedures will be deemed to satisfy the requirements of this
Section 4.02(F)). 
 Upon receipt of any such withdrawal notice with respect to a Note (or any
portion thereof), the Paying Agent will (x) promptly deliver a copy of such withdrawal notice to the Company; and (y) if such Note is surrendered to the Paying Agent, cause such Note (or such portion thereof in accordance with
Section 2.08, treating such Note as having been then surrendered for partial repurchase in the amount set forth in such withdrawal notice as remaining subject to repurchase) to be returned to the Holder thereof (or, if
applicable with respect to any Global Note, cancel any instructions for book-entry transfer to the Company, the Trustee or the Paying Agent of the applicable beneficial interest in such Note in accordance with the Depositary Procedures). 

(G) Payment of the Fundamental Change Repurchase Price. Without limiting the Company’s obligation to deposit the
Fundamental Change Repurchase Price within the time proscribed by Section 3.01(B), the Company will cause the Fundamental Change Repurchase 

  
 - 23 - 

 
Price for a Note (or portion thereof) to be repurchased pursuant to a Repurchase Upon Fundamental Change to be paid to the Holder thereof on or before the later of (i) the applicable
Fundamental Change Repurchase Date; and (ii) the date (x) such Note is delivered to the Paying Agent (in the case of a Physical Note) or (y) the Depositary Procedures relating to the repurchase, and the delivery to the Paying Agent,
of such Holder’s beneficial interest in such Note to be redeemed are complied with (in the case of a Global Note). For the avoidance of doubt, interest payable pursuant to the proviso to Section 4.02(D) on any Note to
be repurchased pursuant to a Repurchase Upon Fundamental Change must be paid pursuant to such proviso regardless of whether such Note is delivered or such Depositary Procedures are complied with pursuant to the first sentence of this
Section 4.02(G). 
 (H) Third Party May Conduct Repurchase Offer In Lieu of the Company.
Notwithstanding anything to the contrary in this Section 4.02, the Company will be deemed to satisfy its obligations under this Section 4.02 if (i) one or more third parties conduct any
Repurchase Upon Fundamental Change and related offer to repurchase Notes otherwise required by this Section 4.02 in a manner that would have satisfied the requirements of this Section 4.02 if
conducted directly by the Company and (ii) an owner of a beneficial interest in the Notes would not receive a lesser amount (as a result of taxes, additional expenses or for any other reason) than such owner would have received had the Company
repurchased the notes. 
 (I) No Requirement to Conduct an Offer to Repurchase Notes if the Fundamental Change Results in
the Notes Becoming Convertible into an Amount of Cash Exceeding the Fundamental Change Repurchase Price. Notwithstanding anything to the contrary in this Section 4.02, the Company will not be required to send a
Fundamental Change Notice pursuant to Section 4.02(E), or offer to repurchase or repurchase any Notes pursuant to this Section 4.02, in connection with a Fundamental Change occurring pursuant to
clause (B)(ii) (or pursuant to clause (A) that also constitutes a Fundamental Change occurring pursuant to clause (B)(ii)) of the definition thereof, if (i) such Fundamental Change constitutes a Common Stock Change Event for which all or
part of the Reference Property consists of cash in U.S. dollars; (ii) immediately after such Fundamental Change, the Notes become convertible, pursuant to Section 5.09(A) and, if applicable,
Section 5.07, into consideration that includes such cash in an amount per $1,000 aggregate principal amount of Notes that equals or exceeds the Fundamental Change Repurchase Price per $1,000 aggregate principal amount of
Notes (calculated assuming that the same includes accrued interest to, but excluding, the latest possible Fundamental Change Repurchase Date for such Fundamental Change); and (iii) the Company timely sends the notice relating to such
Fundamental Change required pursuant to Section 5.01(C)(i)(3)(b). 
 (J) Compliance with
Applicable Securities Laws. The Company will comply in all material respects with all federal and state securities laws in connection with a Repurchase Upon Fundamental Change (including complying with the tender offer rules under the Exchange
Act and filing any required Schedule TO, to the extent applicable) so as to permit effecting such Repurchase Upon Fundamental Change in the manner set forth in the Indenture. However, to the extent that the provisions of any securities laws or
regulations adopted after the date on which the Notes are first issued conflict with the provisions of the Indenture relating to the Company’s obligations to effect a Repurchase Upon Fundamental Change, the Company will comply with such
applicable securities laws and regulations and will not be deemed to have breached its obligations under such provisions of the Indenture by virtue of such conflict. 

  
 - 24 - 

 (K) Repurchase in Part. Subject to the terms of this
Section 4.02, Notes may be repurchased pursuant to a Repurchase Upon Fundamental Change in part, but only in Authorized Denominations. Provisions of this Section 4.02 applying to the repurchase of
a Note in whole will equally apply to the repurchase of a permitted portion of a Note. 
 Section 4.03. RIGHT OF
THE COMPANY TO REDEEM THE NOTES. 

(A) No Right to Redeem Before September 15, 2022. The Company may not redeem the Notes at its option
at any time before September 15, 2022. 
 (B) Right to Redeem the Notes on or After September 15,
2022. Subject to the terms of this Section 4.03, the Company has the right, at its election, to redeem all, or any portion in an Authorized Denomination, of the Notes, at any time and from time to time, on a Redemption
Date occurring on or after September 15, 2022 and, in the case of any partial Redemption, on or before the fortieth (40th) Scheduled Trading Day before the Maturity Date, for a cash purchase price equal to the Redemption Price, but only if the
Last Reported Sale Price per share of Common Stock exceeds one hundred and thirty percent (130%) of the Conversion Price on each of at least twenty (20) Trading Days (whether or not consecutive) during the thirty (30) consecutive Trading
Days ending on, and including, the Trading Day immediately before the Redemption Notice Date for such Redemption. 
 (C)
Redemption Prohibited in Certain Circumstances. If the principal amount of the Notes has been accelerated (other than as a result of a failure to make the payment of the related Redemption Price, and any related interest pursuant to the
proviso to Section 4.03(E), on such Redemption Date) and such acceleration has not been rescinded on or before the Redemption Date, then (i) the Company may not call for Redemption or otherwise redeem any Notes
pursuant to this Section 4.03; and (ii) the Company will cause any Notes theretofore surrendered for such Redemption to be returned to the Holders thereof (or, if applicable with respect to Global Notes, cancel any
instructions for book-entry transfer to the Company, the Trustee or the Paying Agent of the applicable beneficial interests in such Notes in accordance with the Depositary Procedures). 

(D) Redemption Date. The Redemption Date for any Redemption will be a Business Day of the Company’s choosing that
is no more than sixty-five (65), nor less than forty-five (45), Scheduled Trading Days after the Redemption Notice Date for such Redemption. 

(E) Redemption Price. The Redemption Price for any Note called for Redemption is an amount in cash equal to the
principal amount of such Note plus accrued and unpaid interest on such Note to, but excluding, the Redemption Date for such Redemption; provided, however, that if such Redemption Date is after a Regular Record Date and on or before the
next Interest Payment Date, then (i) the Holder of such Note at the Close of Business on such Regular Record Date will be entitled, notwithstanding such Redemption, to receive, on or before such Interest Payment Date, the unpaid interest that
would have accrued on such Note to, but excluding, such Interest Payment Date (assuming, solely for these purposes, that such Note remained outstanding through such Interest Payment Date, if such Redemption Date is before such Interest Payment
Date); and (ii) the Redemption Price will not include accrued and unpaid interest on such Note to, but excluding, such Redemption Date. For the avoidance of doubt, if an Interest Payment 

  
 - 25 - 

 
Date is not a Business Day within the meaning of Section 2.04(C) and such Redemption Date occurs on the Business Day immediately after such Interest Payment Date, then
(x) accrued and unpaid interest on Notes to, but excluding, such Interest Payment Date will be paid, in accordance with Section 2.04(C), on the next Business Day to Holders at of the Close of Business on the
immediately preceding Regular Record Date; and (y) the Redemption Price will include interest on Notes to be redeemed from, and including, such Interest Payment Date. 

(F) Redemption Notice. To call any Notes for Redemption, the Company must send to each Holder (and to any beneficial
owner of a Global Note, if required by applicable law), the Trustee and the Paying Agent a written notice of such Redemption (a “Redemption Notice”). 

Such Redemption Notice must state: 

(i) that the Notes have been called for Redemption, briefly describing the Company’s Redemption right
under the Indenture; 
 (ii) the Redemption Date for such Redemption; 

(iii) the Redemption Price per $1,000 principal amount of Notes for such Redemption (and, if the Redemption
Date is after a Regular Record Date and on or before the next Interest Payment Date, the amount, manner and timing of the interest payment payable pursuant to the proviso to Section 4.03(E)); 

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

(v) that Notes called for Redemption may be converted at any time before the Close of Business on the Business
Day immediately before the Redemption Date (or, if the Company fails to pay the Redemption Price due on such Redemption Date in full, at any time until such time as the Company pays such Redemption Price in full); 

(vi) the Conversion Rate in effect on the Redemption Notice Date for such Redemption; 

(vii) the Settlement Method that will apply to all conversions of Notes with a Conversion Date that occurs on
or after such Redemption Notice Date and before such Redemption Date; 
 (viii) that Notes called for
Redemption must be delivered to the Paying Agent (in the case of Physical Notes) or the Depositary Procedures must be complied with (in the case of Global Notes) for the Holder thereof to be entitled to receive the Redemption Price; and 

(ix) the CUSIP and ISIN numbers, if any, of the Notes. 

On or before the Redemption Notice Date, the Company will send a copy of such Redemption Notice to the Trustee and the Paying
Agent. 

  
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 (G) If less than all Notes then outstanding are called for Redemption, then:

 (i) the Notes to be redeemed will be selected by the Trustee as follows: (1) in the case of Global
Notes, in accordance with the Depositary Procedures; and (2) in the case of Physical Notes, pro rata, by lot; and 

(ii) if only a portion of a Note is subject to Redemption and such Note is converted in part, then the
converted portion of such Note will be deemed to be from the portion of such Note that was subject to Redemption. 
 (H)
Payment of the Redemption Price. Without limiting the Company’s obligation to deposit the Redemption Price by the time proscribed by Section 3.01(B), the Company will cause the Redemption Price for a Note (or
portion thereof) subject to Redemption to be paid to the Holder thereof on or before the later of (i) the applicable Redemption Date; and (ii) the date (x) such Note is delivered to the Paying Agent (in the case of a Physical Note) or
(y) the Depositary Procedures relating to the Redemption, and the delivery to the Paying Agent, of such Holder’s beneficial interest in such Note to be redeemed are complied with (in the case of a Global Note). For the avoidance of doubt,
interest payable pursuant to the proviso to Section 4.03(E) on any Note (or portion thereof) subject to Redemption must be paid pursuant to such proviso regardless of whether such Note is delivered or such Depositary
Procedures are complied with pursuant to the first sentence of this Section 4.03(H). 
 Article 5. CONVERSION

 Section 5.01. RIGHT TO CONVERT. 

(A) Generally. Subject to the provisions of this Article 5, each Holder may, at its option, convert such
Holder’s Notes into Conversion Consideration. 
 (B) Conversions in Part. Subject to the terms of the Indenture,
Notes may be converted in part, but only in Authorized Denominations. Provisions of this Article 5 applying to the conversion of a Note in whole will equally apply to conversions of a permitted portion of a Note. 

(C) When Notes May Be Converted. 

(i) Generally. Subject to Section 5.01(C)(ii), a Note may be converted only in
the following circumstances: 
 (1) Conversion upon Satisfaction of Common Stock Sale Price
Condition. Prior to the Close of Business on the Business Day immediately preceding May 15, 2025, a Holder may convert its Notes during any calendar quarter commencing after the calendar quarter ending on December 31, 2018 (and only
during such calendar quarter), if the Last Reported Sale Price per share of Common Stock for each of at least twenty (20) Trading Days (whether or not consecutive) during the period of thirty (30) consecutive Trading Days ending on, and
including, the last Trading Day of the immediately preceding calendar quarter exceeds one hundred and thirty percent (130%) of the Conversion Price on the 

  
 - 27 - 

 
applicable Trading Day. 
 (2) Conversion upon
Satisfaction of Note Trading Price Condition. Prior to the Close of Business on the Business Day immediately preceding May 15, 2025, a Holder may convert its Notes during the five (5) consecutive Business Days immediately after any ten
(10) consecutive Trading Day period (such ten (10) consecutive Trading Day period, the “Measurement Period”) if the Trading Price per $1,000 principal amount of Notes, as determined following a request by a Holder in accordance
with the procedures set forth below, for each Trading Day of the Measurement Period was less than ninety eight percent (98%) of the product of the Last Reported Sale Price per share of Common Stock on such Trading Day and the Conversion Rate on such
Trading Day. The condition set forth in the preceding sentence is referred to in the Indenture as the “Trading Price Condition.” 

The Trading Price will be determined by the Bid Solicitation Agent pursuant to this
Section 5.01(C)(i)(2) and the definition of “Trading Price.” The Bid Solicitation Agent (if not the Company) will have no obligation to determine the Trading Price of the Notes unless the Company has requested
such determination, and the Company will have no obligation to make such request (or seek bids itself) unless a Holder of at least five million dollars ($5,000,000) aggregate principal amount of Notes (or such lesser principal amount as may be then
outstanding) provides the Company with reasonable evidence that the Trading Price per $1,000 principal amount of Notes would be less than ninety eight percent (98%) of the product of the Last Reported Sale Price per share of Common Stock and the
Conversion Rate. If such a Holder provides such evidence, then the Company will (if acting as Bid Solicitation Agent), or will instruct the Bid Solicitation Agent to, determine the Trading Price of the Notes beginning on the next Trading Day and on
each successive Trading Day until the Trading Price per $1,000 principal amount of Notes is greater than or equal to ninety eight percent (98%) of the product of the Last Reported Sale Price per share of Common Stock on such Trading Day and the
Conversion Rate on such Trading Day. If the Trading Price Condition has been met as set forth above, then the Company will notify the Holders, the Trustee and the Conversion Agent of the same, and each of the Holders, the Trustee and the Conversion
Agent will be entitled to rely conclusively upon the accuracy of such notice and any calculations therein without independent verification. If, on any Trading Day after the Trading Price Condition has been met as set forth above, the Trading Price
per $1,000 principal amount of Notes is greater than or equal to ninety eight percent (98%) of the product of the Last Reported Sale Price per share of Common Stock on such Trading Day and the Conversion Rate on such Trading Day, then the Company
will notify the Holders, the Trustee and the Conversion Agent of the same, and, thereafter, neither the Company nor the Bid Solicitation Agent will be required to solicit bids again until another Holder request is made as provided above. 

(3) Conversion upon Specified Corporate Events. 

  
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 (a) Certain Distributions. If, prior to the Close of
Business on the Business Day immediately preceding May 15, 2025, the Company elects to: 
 (I)
distribute, to all or substantially all holders of Common Stock, any rights, options or warrants (other than rights issued pursuant to a stockholder rights plan, so long as such rights have not separated from the Common Stock and are not exercisable
until the occurrence of a triggering event, except that such rights will be deemed to be distributed under this clause (I) upon their separation from the Common Stock or upon the occurrence of such triggering event) entitling them, for a period
of not more than sixty (60) calendar days after the record date of such distribution, to subscribe for or purchase shares of Common Stock at a price per share that is less than the average of the Last Reported Sale Prices per share of Common
Stock for the ten (10) consecutive Trading Days ending on, and including, the Trading Day immediately before the date such distribution is announced; or 

(II) distribute, to all or substantially all holders of Common Stock, assets or securities of the Company or
rights to purchase the Company’s securities, which distribution per share of Common Stock has a value, as reasonably determined by the Company in good faith, exceeding ten percent (10%) of the Last Reported Sale Price per share of Common Stock
on the Trading Day immediately before the date such distribution is announced, 
 then, in either case, (x) the Company
will send notice of such distribution, and of the related right to convert Notes, to Holders, the Trustee and the Conversion Agent at least forty-five (45) Scheduled Trading Days before the Ex-Dividend
Date for such distribution (or, if later in the case of any such separation of rights issued pursuant to a stockholder rights plan or the occurrence of any such triggering event under a stockholder rights plan, as soon as reasonably practicable
after the Company becomes aware of that such separation or triggering event has occurred or will occur); and (y) once the Company has sent such notice, Holders may convert their Notes at any time until the earlier of the Close of Business on
the Business Day immediately before such Ex-Dividend Date and the Company’s announcement that such distribution will not take place; provided, however, that Holders will not be entitled to
convert their Notes pursuant to this Section 5.01(C)(i)(3)(a) on account of any distribution if each Holder participates, at the same time and upon the same terms as holders of Common Stock and solely as a result of holding
Notes, in such distribution without having to convert its Notes as if such Holder held a number of shares of Common Stock equal to the Conversion Rate in effect on the record date for such distribution, multiplied by the principal amount (expressed
in thousands) of Notes held by such Holder as of such record 

  
 - 29 - 

 
date. 
 (b) Certain Corporate Events. If,
prior to the Close of Business on the Business Day immediately preceding May 15, 2025, a Fundamental Change, Make-Whole Fundamental Change or Common Stock Change Event (other than a Common Stock Change Event that is solely for the purpose of
changing the Company’s jurisdiction of incorporation and that (x) does not constitute a Fundamental Change or a Make-Whole Fundamental Change and (y) results in a reclassification, conversion or exchange of outstanding shares of
Common Stock solely into shares of common stock of the surviving entity and such common stock becomes the Reference Property for the Notes) occurs, then, in each case, Holders may convert their Notes at any time from, and including, the effective
date of such transaction or event to, and including, the thirty fifth (35th) Trading Day after such effective date (or, if such transaction or event also constitutes a Fundamental Change (other than an Exempted Fundamental Change), to, but
excluding, the related Fundamental Change Repurchase Date). No later than the second (2nd) Business Day after the effective date of any Fundamental Change, Make-Whole Fundamental Change or Common Stock Change Event that occurs before the Maturity
Date, the Company will send notice to the Holders, the Trustee and the Conversion Agent of such transaction or event, such effective date and, if applicable, the related right to convert Notes. 

(4) Conversion upon Redemption. If the Company calls any Note for Redemption, then the Holder of such
Note may convert such Note at any time before the Close of Business on the Business Day immediately before the related Redemption Date (or, if the Company fails to pay the Redemption Price due on such Redemption Date in full, at any time until such
time as the Company pays such Redemption Price in full). 
 (5) Conversions During Free Convertibility
Period. A Holder may convert its Notes at any time from, and including, May 15, 2025 until the Close of Business on the Scheduled Trading Day immediately before the Maturity Date. 

For the avoidance of doubt, the Notes may become convertible pursuant to any one or more of the preceding sub-paragraphs of this Section 5.01(C)(i) and the Notes ceasing to be convertible pursuant to a particular sub-paragraph of this
Section 5.01(C)(i) will not preclude the Notes from being convertible pursuant to any other sub-paragraph of this Section 5.01(C)(i). 

(ii) Limitations and Closed Periods. Notwithstanding anything to the contrary in the Indenture or the
Notes: 
 (1) Notes may be surrendered for conversion only after the Open of Business and before the Close of
Business on a day that is a Business Day; 

  
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 (2) in no event may any Note be surrendered for conversion
after the Close of Business on the Scheduled Trading Day immediately before the Maturity Date; 
 (3) if the
Company calls any Note for Redemption pursuant to Section 4.03, then the Holder of such Note may not surrender such Note for conversion after the Close of Business on the Business Day immediately before the applicable
Redemption Date, except to the extent the Company fails to pay the Redemption Price for such Note in accordance with the Indenture; and 

(4) if a Fundamental Change Repurchase Notice is validly delivered pursuant to
Section 4.02(F) with respect to any Note, then such Note may not be converted, except to the extent (a) such Note is not subject to such notice; or (b) such notice is withdrawn in accordance with
Section 4.02(F). 
 Section 5.02. CONVERSION PROCEDURES. 

(A) Generally. 

(i) Global Notes. To convert a beneficial interest in a Global Note that is convertible pursuant to
Section 5.01(C), the owner of such beneficial interest must (1) comply with the Depositary Procedures for converting such beneficial interest (at which time such conversion will become irrevocable); and (2) pay
any amounts due pursuant to Section 5.02(D) or Section 5.02(E). 

(ii) Physical Notes. To convert all or a portion of a Physical Note that is convertible pursuant to
Section 5.01(C), the Holder of such Note must (1) complete, manually sign and deliver to the Conversion Agent the conversion notice attached to such Physical Note or a facsimile of such conversion notice;
(2) deliver such Physical Note to the Conversion Agent (at which time such conversion will become irrevocable); (3) furnish any endorsements and transfer documents that the Company or the Conversion Agent may require; and (4) pay any
amounts due pursuant to Section 5.02(D) or Section 5.02(E). 
 (B)
Effect of Converting a Note. At the Close of Business on the Conversion Date for a Note (or any portion thereof), such Note (or such portion thereof) will be deemed to cease to be outstanding (and, for the avoidance of doubt, no Person will
be deemed to be a Holder of such Note (or such portion thereof) as of the Close of Business on such Conversion Date), except to the extent provided in Section 5.02(D). 

(C) Holder of Record of Conversion Shares. The Person in whose name any share of Common Stock is issuable upon
conversion of any Note will be deemed to become the holder of record of such share as of the Close of Business on (i) the Conversion Date for such conversion, in the case of Physical Settlement; or (ii) the last VWAP Trading Day of the
Observation Period for such conversion, in the case of Combination Settlement. 
 (D) Interest Payable upon Conversion in
Certain Circumstances. If the Conversion Date of a Note is after a Regular Record Date and before the next Interest Payment Date, then (i)

  
 - 31 - 

 
the Holder of such Note at the Close of Business on such Regular Record Date will be entitled, notwithstanding such conversion (and, for the avoidance of doubt, notwithstanding anything set forth
in the proviso to this sentence), to receive, on or, at the Company’s election, before such Interest Payment Date, the unpaid interest that would have accrued on such Note to, but excluding, such Interest Payment Date (assuming, solely for
these purposes, that such Note remained outstanding through such Interest Payment Date); and (ii) the Holder surrendering such Note for conversion must deliver to the Conversion Agent, at the time of such surrender, an amount of cash equal to
the amount of such interest referred to in clause (i) above; provided, however, that the Holder surrendering such Note for conversion need not deliver such cash (w) if the Company has specified a Redemption Date that is after
such Regular Record Date and on or before the Business Day immediately after such Interest Payment Date; (x) if such Conversion Date occurs after the Regular Record Date immediately before the Maturity Date; (y) if the Company has
specified a Fundamental Change Repurchase Date that is after such Regular Record Date and on or before the Business Day immediately after such Interest Payment Date; or (z) to the extent of any overdue interest or interest that has accrued on
any overdue interest. For the avoidance of doubt, as a result of, and without limiting the generality of, the foregoing, if a Note is converted with a Conversion Date that is after the Regular Record Date immediately before the Maturity Date, then
the Company will pay, as provided above, the interest that would have accrued on such Note to, but excluding, the Maturity Date. For the avoidance of doubt, if the Conversion Date of a Note to be converted is on an Interest Payment Date, then the
Holder of such Note at the Close of Business on the Regular Record Date immediately before such Interest Payment Date will be entitled to receive, on such Interest Payment Date, the unpaid interest that has accrued on such Note to, but excluding,
such Interest Payment Date, and such Note, when surrendered for conversion, need not be accompanied by any cash amount pursuant to the first sentence of this Section 5.02(D). 

(E) Taxes and Duties. If a Holder converts a Note, the Company will pay any documentary, stamp or similar issue or
transfer tax or duty due on the issue of any shares of Common Stock upon such conversion; provided, however, that if any tax or duty is due because such Holder requested such shares to be registered in a name other than such
Holder’s name, then such Holder will pay such tax or duty and, until having received a sum sufficient to pay such tax or duty, the Conversion Agent may refuse to deliver any such shares to be issued in a name other than that of such Holder.

 (F) Conversion Agent to Notify Company of Conversions. If any Note is submitted for conversion to the Conversion
Agent or the Conversion Agent receives any notice of conversion with respect to a Note, then the Conversion Agent will promptly notify the Company and the Trustee (if other than the Conversion Agent) of such occurrence, together with any other
information reasonably requested by the Company, and will cooperate with the Company to determine the Conversion Date for such Note. 

Section 5.03. SETTLEMENT UPON CONVERSION. 

(A) Settlement Method. Upon the conversion of any Note, the Company will settle such conversion by paying or delivering,
as applicable and as provided in this Article 5, either (x) shares of Common Stock, together, if applicable, with cash in lieu of fractional shares as provided in Section 5.03(B)(i)(1) (a “Physical
Settlement”); (y) solely cash as provided in 

  
 - 32 - 

 
Section 5.03(B)(i)(2) (a “Cash Settlement”); or (z) a combination of cash and shares of Common Stock, together, if applicable, with cash in lieu of
fractional shares as provided in Section 5.03(B)(i)(3) (a “Combination Settlement”). 

The Company will have the right to elect the Settlement Method applicable to any conversion of a Note; provided,
however, that: 
 (i) subject to clause (iii) below, all conversions of Notes with a
Conversion Date that occurs on or after May 15, 2025 will be settled using the same Settlement Method, and the Company will send notice of such Settlement Method to Holders and the Conversion Agent no later than the Close of Business on the
Scheduled Trading Day immediately before May 15, 2025; 
 (ii) subject to clause
(iii) below, if the Company elects a Settlement Method with respect to the conversion of any Note whose Conversion Date occurs before May 15, 2025, then the Company will send notice of such Settlement Method to the Holder of such Note
and the Conversion Agent no later than the Close of Business on the Business Day immediately after such Conversion Date; 

(iii) if any Notes are called for Redemption, then (1) the Company will specify, in the related Redemption
Notice sent pursuant to Section 4.03(F), the Settlement Method that will apply to all conversions of Notes with a Conversion Date that occurs on or after the related Redemption Notice Date and before the Business Day
immediately before the related Redemption Date; and (2) if such Redemption Date occurs on or after May 15, 2025, then such Settlement Method must be the same Settlement Method that, pursuant to clause (i) above, applies to all
conversions of Notes with a Conversion Date that occurs on or after May 15, 2025; 
 (iv) the Company
will use the same Settlement Method for all conversions of Notes with a Conversion Date that occurs on the same day (and, for the avoidance of doubt, the Company will not be obligated to use the same Settlement Method with respect to conversions of
Notes whose Conversion Dates occur on different days, except as provided in clause (i) or (iii) above); 

(v) if the Company does not timely elect a Settlement Method with respect to the conversion of a Note, then the
Company will be deemed to have elected the Default Settlement Method (and, for the avoidance of doubt, the failure to timely make such election will not constitute a Default or Event of Default); 

(vi) if the Company timely elects Combination Settlement with respect to the conversion of a Note but does not
timely notify the Holder of such Note of the applicable Specified Dollar Amount, then the Specified Dollar Amount for such conversion will be deemed to be $1,000 per $1,000 principal amount of Notes (and, for the avoidance of doubt, the failure to
timely send such notification will not constitute a Default or Event of Default); and 
 (vii) the Settlement
Method will be subject to Section 5.09(A)(2) 

  
 - 33 - 

 (B) Conversion Consideration. 

(i) Generally. Subject to Section 5.03(B)(ii) and
Section 5.03(B)(iii), the type and amount of consideration (the “Conversion Consideration”) due in respect of each $1,000 principal amount of a Note to be converted will be as follows: 

(1) if Physical Settlement applies to such conversion, subject to
Section 5.03(B)(ii), a number of shares of Common Stock equal to the Conversion Rate in effect on the Conversion Date for such conversion; 

(2) if Cash Settlement applies to such conversion, cash in an amount equal to the sum of the Daily Conversion
Values for each VWAP Trading Day in the Observation Period for such conversion; or 
 (3) if Combination
Settlement applies to such conversion, consideration consisting, subject to Section 5.03(B)(ii), of (a) a number of shares of Common Stock equal to the sum of the Daily Share Amounts for each VWAP Trading Day in the
Observation Period for such conversion; and (b) an amount of cash equal to the sum of the Daily Cash Amounts for each VWAP Trading Day in such Observation Period. 

(ii) Cash in Lieu of Fractional Shares. If Physical Settlement or Combination Settlement applies to the
conversion of any Note and the number of shares of Common Stock deliverable pursuant to Section 5.03(B)(i) upon such conversion is not a whole number, then such number will be rounded down to the nearest whole number and
the Company will deliver, in addition to the other consideration due upon such conversion, cash in lieu of the related fractional share in an amount equal to the product of (1) such fraction and (2) (x) the Daily VWAP on the Conversion Date for
such conversion (or, if such Conversion Date is not a VWAP Trading Day, the immediately preceding VWAP Trading Day), in the case of Physical Settlement; or (y) the Daily VWAP on the last VWAP Trading Day of the Observation Period for such
conversion, in the case of Combination Settlement. 
 (iii) Conversion of Multiple Notes by a Single
Holder. If a Holder converts more than one (1) Note on a single Conversion Date, then the Conversion Consideration due in respect of such conversion will (in the case of any Global Note, to the extent permitted by, and practicable under,
the Depositary Procedures) be computed based on the total principal amount of Notes converted on such Conversion Date by such Holder. 

(iv) Notice of Calculation of Conversion Consideration. If Cash Settlement or Combination Settlement
applies to the conversion of any Note, then the Company will determine the Conversion Consideration due thereupon promptly following the last VWAP Trading Day of the applicable Observation Period and will promptly thereafter send notice to the
Trustee and the Conversion Agent of the same and the calculation thereof in reasonable detail. Neither the Trustee nor the Conversion Agent will have any duty to make any such determination. 

(C) Delivery of the Conversion Consideration. Except as set forth in Sections

  
 - 34 - 

 
5.05(A), 5.05(D) and 5.09, the Company will pay or deliver, as applicable, the Conversion Consideration due upon the conversion of any Note to the Holder as follows:
(i) if Cash Settlement or Combination Settlement applies to such conversion, on or before the second (2nd) Business Day immediately after the last VWAP Trading Day of such Observation Period; and (ii) if Physical Settlement applies to such
conversion, on or before the second (2nd) Business Day immediately after such Conversion Date. 
 (D) Deemed Payment of
Principal and Interest; Settlement of Accrued Interest Notwithstanding Conversion. If a Holder converts a Note, then the Company will not adjust the Conversion Rate to account for any accrued and unpaid interest on such Note, and, except as
provided in Section 5.02(D), the Company’s delivery of the Conversion Consideration due in respect of such conversion will be deemed to fully satisfy and discharge the Company’s obligation to pay the principal of,
and accrued and unpaid interest, if any, on, such Note. As a result, except as provided in Section 5.02(D), any accrued and unpaid interest on a converted Note will be deemed to be paid in full rather than cancelled,
extinguished or forfeited. In addition, subject to Section 5.02(D), if the Conversion Consideration for a Note consists of both cash and shares of the Common Stock, then accrued and unpaid interest that is deemed to be paid
therewith will be deemed to be paid first out of such cash. 
 Section 5.04. RESERVE AND STATUS
OF COMMON STOCK ISSUED UPON CONVERSION. 

(A) Stock Reserve. At all times when any Notes are outstanding, the Company will reserve, out of its authorized but
unissued and unreserved shares of Common Stock, a number of shares of Common Stock sufficient to permit the conversion of all then-outstanding Notes, assuming (x) Physical Settlement will apply to such conversion; and (y) the Conversion
Rate is increased by the maximum amount pursuant to which the Conversion Rate may be increased pursuant to Section 5.07. 

(B) Status of Conversion Shares; Listing. Each Conversion Share, if any, delivered upon conversion of any Note will be
duly and validly issued, fully paid, non-assessable, free from preemptive rights and free of any lien or adverse claim (except to the extent of any lien or adverse claim created by the action or inaction of
the Holder of such Note or the Person to whom such Conversion Share will be delivered). If the Common Stock is then listed on any securities exchange, or quoted on any inter-dealer quotation system, then the Company will cause each Conversion Share,
when delivered upon conversion of any Note, to be admitted for listing on such exchange or quotation on such system. 
 Section 5.05.
ADJUSTMENTS TO THE CONVERSION RATE. 
 (A)
Events Requiring an Adjustment to the Conversion Rate. The Conversion Rate will be adjusted from time to time as follows: 

(i) Stock Dividends, Splits and Combinations. If the Company issues solely shares of Common Stock as a
dividend or distribution on all or substantially all shares of the Common Stock, or if the Company effects a stock split or a stock combination of the Common Stock (in each case excluding an issuance solely pursuant to a Common Stock

  
 - 35 - 

 
Change Event, as to which the provisions set forth in Section 5.09 will apply), then the Conversion Rate will be adjusted based on the following formula: 

 
 

 
 where: 
  

					
	
          CR0
	  	 =
	  	 the Conversion Rate in effect immediately before the Open of Business on the
Ex-Dividend Date for such dividend or distribution, or immediately before the Open of Business on the effective date of such stock split or stock combination, as applicable;

			
	
          CR1
	  	 =
	  	 the Conversion Rate in effect immediately after the Open of Business on such
Ex-Dividend Date or the Open of Business on such effective date, as applicable;

			
	
          OS0
	  	 =
	  	 the number of shares of Common Stock outstanding immediately before the Open of Business on such Ex-Dividend Date or effective date, as applicable, without giving effect to such dividend, distribution, stock split or stock combination; and

			
	
          OS1
	  	 =
	  	 the number of shares of Common Stock outstanding immediately after giving effect to such dividend, distribution, stock
split or stock combination.

 Each adjustment to the Conversion Rate made pursuant to the preceding sentence will become
effective at the time set forth in the definition of CR1 in this Section 5.05(A)(i). If any dividend, distribution, stock split or stock combination of
the type described in this Section 5.05(A)(i) is declared or announced, but not so paid or made, then the Conversion Rate will be readjusted, effective as of the date the Board of Directors determines not to pay such
dividend or distribution or to effect such stock split or stock combination, to the Conversion Rate that would then be in effect had such dividend, distribution, stock split or stock combination not been declared or announced. 

  
 - 36 - 

 (ii) Rights, Options and Warrants. If the Company
distributes, to all or substantially all holders of Common Stock, rights, options or warrants (other than rights issued pursuant to a stockholder rights plan, to which the provisions set forth in Sections 5.05(A)(iii)(1) and 5.05(F)
will apply) entitling such holders, for a period of not more than sixty (60) calendar days after the record date of such distribution, to subscribe for or purchase shares of Common Stock at a price per share that is less than the average of the
Last Reported Sale Prices per share of Common Stock for the ten (10) consecutive Trading Days ending on, and including, the Trading Day immediately before the date such distribution is announced, then the Conversion Rate will be increased based
on the following formula: 
  
 

 
  

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

			
	
          CR1
	  	 =
	  	 the Conversion Rate in effect immediately after the Open of Business on such
Ex-Dividend Date;

			
	           OS
	  	 =
	  	 the number of shares of Common Stock outstanding immediately before the Open of Business on such Ex-Dividend Date;

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

			
	           Y
	  	 =
	  	 a number of shares of Common Stock obtained by dividing (x) the aggregate price payable to exercise such rights,
options or warrants by (y) the average of the Last Reported Sale Prices per share of Common Stock for the ten (10) consecutive Trading Days ending on, and including, the Trading Day immediately before the date such distribution is
announced.

 Each adjustment to the Conversion Rate made pursuant to the preceding sentence will become
effective at the time set forth in the definition of CR1 in this Section 5.05(A)(ii). To the extent that shares of Common Stock are not delivered after
the expiration of such rights, options or warrants (including as a result of such rights, options or warrants not being exercised), the Conversion Rate will be readjusted to the Conversion Rate that would then be in effect had the increase to the
Conversion Rate for such distribution been made on the basis of delivery of only the number of shares of Common Stock actually delivered upon exercise of such rights, option or warrants. To the extent such rights, options or warrants are not so
distributed, the Conversion Rate will be readjusted to the Conversion Rate that would then be in effect had the Ex-Dividend Date for the distribution of such rights, options or warrants not occurred. 

  
 - 37 - 

 For purposes of this Section 5.05(A)(ii) and
Section 5.01(C)(i)(3)(a), in determining whether any rights, options or warrants entitle holders of Common Stock to subscribe for or purchase shares of Common Stock at a price per share that is less than the average of the
Last Reported Sale Prices per share of Common Stock for the ten (10) consecutive Trading Days ending on, and including, the Trading Day immediately before the date of the distribution of such rights, options or warrants is announced, and in
determining the aggregate price payable to exercise such rights, options or warrants, there will be taken into account any consideration the Company receives for such rights, options or warrants and any amount payable on exercise thereof, with the
value of such consideration, if not cash, to be determined by the Company in good faith. 
 (iii)
Spin-Offs and Other Distributed Property. 
 (1) Distributions Other than Spin-Offs. If the
Company distributes shares of its Capital Stock, evidences of its indebtedness or other assets or property of the Company, or rights, options or warrants to acquire Capital Stock of the Company or other securities, to all or substantially all
holders of the Common Stock, excluding: 
 (v) dividends, distributions, rights, options or warrants for
which an adjustment to the Conversion Rate is required (or would be required without regard to Section 5.05(C)) pursuant to Section 5.05(A)(i) or 5.05(A)(ii); 

(w) dividends or distributions paid exclusively in cash for which an adjustment to the Conversion Rate is
required (or would be required without regard to Section 5.05(C)) pursuant to Section 5.05(A)(iv); 

(x) rights issued or otherwise distributed pursuant to a stockholder rights plan, except to the extent
provided in Section 5.05(F); 
 (y) Spin-Offs for which an adjustment to the
Conversion Rate is required (or would be required without regard to Section 5.05(C)) pursuant to Section 5.05(A)(iii)(2); and 

(z) a distribution solely pursuant to a Common Stock Change Event, as to which the provisions set forth in
Section 5.09 will apply, 
 then the Conversion Rate will be increased based on the
following formula: 
  
 

 
  

					
	                   where:
	  		  	
			
	                   CR0
	  	 =
	  	 the Conversion Rate in effect immediately before the Open
of

  
 - 38 - 

					
		  		  	 Business on the Ex-Dividend Date for such distribution;

			
	                   CR1
	  	 =
	  	 the Conversion Rate in effect immediately after the Open of Business on such
Ex-Dividend Date;

			
	                   SP
	  	 =
	  	 the average of the Last Reported Sale Prices per share of Common Stock for the ten (10) consecutive Trading Days
ending on, and including, the Trading Day immediately before such Ex-Dividend Date; and

			
	                   FMV
	  	 =
	  	 the fair market value (as determined by the Company in good faith), as of such
Ex-Dividend Date, of the shares of Capital Stock, evidences of indebtedness, assets, property, rights, options or warrants distributed per share of Common Stock pursuant to such distribution;

 Each adjustment to the Conversion Rate made pursuant to the preceding sentence will become
effective at the time set forth in the definition of CR1 in this Section 5.05(A)(iii)(1). If FMV is equal to or greater than SP, then, in
lieu of the foregoing adjustment to the Conversion Rate, each Holder will receive, for each $1,000 principal amount of Notes held by such Holder on the record date for such distribution, at the same time and on the same terms as holders of Common
Stock, the amount and kind of shares of Capital Stock, evidences of indebtedness, assets, property, rights, options or warrants that such Holder would have received if such Holder had owned, on such record date, a number of shares of Common Stock
equal to the Conversion Rate in effect on such record date. 
 To the extent such distribution is not so paid or made, or
such rights, options or warrants are not exercised before their expiration (including as a result of being redeemed or terminated), the Conversion Rate will be readjusted to the Conversion Rate that would then be in effect had the adjustment been
made on the basis of only the distribution, if any, actually made or paid or on the basis of the distribution of only such rights, options or warrants, if any, that were actually exercised, if at all. 

  
 - 39 - 

 (2) Spin-Offs. If the Company distributes or
dividends shares of Capital Stock of any class or series, or similar equity interest, of or relating to a Subsidiary or other business unit of the Company to all or substantially all holders of the Common Stock (other than solely pursuant to a
Common Stock Change Event, as to which the provisions set forth in Section 5.09 will apply), and such Capital Stock or equity interest is listed or quoted (or will be listed or quoted upon the consummation of the
transaction) on a U.S. national securities exchange (a “Spin-Off”), then the Conversion Rate will be increased based on the following formula: 

 
 

 
 where: 
  

					
	                     CR0
	  	 =
	  	 the Conversion Rate in effect immediately before the Open of Business on the
Ex-Dividend Date for such Spin-Off;

			
	                     CR1
	  	 =
	  	 the Conversion Rate in effect immediately after the Open of Business on such
Ex-Dividend Date;

			
	
                    FMV
	  	 =
	  	 the product of (x) the average of the Last Reported Sale Price per share or unit of the Capital Stock or equity
interests distributed in such Spin-Off over the ten (10) consecutive Trading Day period (the “Spin-Off Valuation Period”) beginning on, and
including, such Ex-Dividend Date (such average to be determined as if references to Common Stock in the definitions of Last Reported Sale Price and Trading Day were instead references such Capital Stock or
equity interests); and (y) the number of shares or units of such Capital Stock or equity interests distributed per share of Common Stock in such Spin-Off; and

			
	
                    SP
	  	 =
	  	 the average of the Last Reported Sale Prices per share of Common Stock for each trading day in the Spin-Off Valuation Period.

 The adjustment to the Conversion Rate pursuant to this
Section 5.05(A)(iii)(2) will be calculated as of the Close of Business on the last Trading Day of the Spin-Off Valuation Period but will be given effect immediately after the Open of
Business on the Ex-Dividend Date for the Spin-Off, with retroactive effect. If a Note is converted and the Conversion Date (in the case of Physical Settlement) or any
VWAP Trading Day of the applicable Observation Period (in the case of Cash Settlement or Combination Settlement) occurs during the Spin-Off Valuation Period, then, notwithstanding anything to the contrary in
the Indenture or the Notes, the Company will, if necessary, delay the settlement of such conversion until the second (2nd) Business Day after the last day of the Spin-Off Valuation Period. 

  
 - 40 - 

 To the extent any dividend or distribution of the type set forth in this
Section 5.05(A)(iii)(2) is declared but not made or paid, the Conversion Rate will be readjusted to the Conversion Rate that would then be in effect had the adjustment been made on the basis of only the dividend or
distribution, if any, actually made or paid. 
 (iv) Cash Dividends or Distributions. If any cash
dividend or distribution is made to all or substantially all holders of Common Stock, then the Conversion Rate will be increased based on the following formula: 
  

 
 where: 
  

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

			
	
          CR1
	  	 =
	  	 the Conversion Rate in effect immediately after the Open of Business on such
Ex-Dividend Date for such dividend or distribution;

			
	           SP
	  	 =
	  	 the Last Reported Sale Price per share of Common Stock on the Trading Day immediately before such Ex-Dividend Date for such dividend or distribution;

			
	           D
	  	 =
	  	 the cash amount distributed per share of Common Stock in such dividend or distribution;

 Each adjustment to the Conversion Rate made pursuant to the preceding sentence will become
effective at the time set forth in the definition of CR1 in this Section 5.05(A)(iv). If D is equal to or greater than SP, then, in lieu of
the foregoing adjustment to the Conversion Rate, each Holder will receive, for each $1,000 principal amount of Notes held by such Holder on the record date for such dividend or distribution, at the same time and on the same terms as holders of
Common Stock, the amount of cash that such Holder would have received if such Holder had owned, on such record date, a number of shares of Common Stock equal to the Conversion Rate in effect on such record date. 

To the extent such dividend or distribution is declared but not made or paid, the Conversion Rate will be readjusted to the
Conversion Rate that would then be in effect had the adjustment been made on the basis of only the dividend or distribution, if any, actually made or paid. 

(v) Tender Offers or Exchange Offers. If the Company or any of its Subsidiaries makes a payment in
respect of a tender offer or exchange offer for shares of Common Stock that is subject to the then-applicable tender offer rules under the 

  
 - 41 - 

 
Exchange Act (other than an odd-lot tender offer that satisfies the requirements of Rule 13e-4(h)(5), or any
successor rule), and the value (determined as of the Expiration Time by the Company) of the cash and other consideration paid per share of Common Stock in such tender or exchange offer exceeds the average (such average, the “Reference
Price”) of the Last Reported Sale Prices per share of Common Stock over the 10 consecutive Trading Day period (the “Tender/Exchange Offer Valuation Period”) beginning on, and including, the Trading Day immediately after the
last date (the “Expiration Date”) on which tenders or exchanges may be made pursuant to such tender or exchange offer (as it may be amended), then the Conversion Rate will be increased based on the following formula: 

 
 

 
 where: 
  

					
	
          CR0
	  	 =
	  	 the Conversion Rate in effect immediately before the time (the “Expiration Time”) such tender or exchange
offer expires;

			
	
          CR1
	  	 =
	  	 the Conversion Rate in effect immediately after the Expiration Time;

			
	           AC
	  	 =
	  	 the aggregate value (determined as of the Expiration Time by the Company in good faith) of all cash and other consideration
paid or payable for shares of Common Stock purchased in such tender or exchange offer;

			
	
          OS0
	  	 =
	  	 the number of shares of Common Stock outstanding immediately before the Expiration Time (before giving effect to the
purchase of all shares of Common Stock accepted for purchase or exchange in such tender or exchange offer);

			
	
          OS1
	  	 =
	  	 the number of shares of Common Stock outstanding immediately after the Expiration Time (excluding all shares of Common
Stock accepted for purchase or exchange in such tender or exchange offer); and

			
	           SP
	  	 =
	  	 the Reference Price per share of Common Stock;

 provided, however, that the Conversion Rate will in no event be adjusted down
pursuant to this Section 5.05(A)(v), except to the extent provided in the immediately following paragraph. The adjustment to the Conversion Rate pursuant to this Section 5.05(A)(v) will be
calculated as of the Close of Business on the last Trading Day of the Tender/Exchange Offer Valuation Period but will be given effect immediately after the Expiration Time, with retroactive effect. If a Note is converted and the Conversion Date (in
the case of Physical Settlement) or any VWAP Trading Day of the applicable Observation Period (in the case of Cash Settlement or Combination Settlement) occurs during the Tender/Exchange Offer Valuation Period, then, notwithstanding anything to the
contrary in the Indenture or the Notes, the Company will, if necessary, delay the 

  
 - 42 - 

 
settlement of such conversion until the second (2nd) Business Day after the last day of the Tender/Exchange Offer Valuation Period. 

To the extent such tender or exchange offer is announced but not consummated (including as a result of the Company being
precluded from consummating such tender or exchange offer under applicable law), or any purchases or exchanges of shares of Common Stock in such tender or exchange offer are rescinded, the Conversion Rate will be readjusted to the Conversion Rate
that would then be in effect had the adjustment been made on the basis of only the purchases or exchanges of shares of Common Stock, if any, actually made, and not rescinded, in such tender or exchange offer. 

(B) No Adjustments in Certain Cases. 

(i) Where Holders Participate in the Transaction or Event Without Conversion. Notwithstanding anything
to the contrary in Section 5.05(A), the Company will not be obligated to adjust the Conversion Rate on account of a transaction or other event otherwise requiring an adjustment pursuant to
Section 5.05(A) (other than a stock split or combination of the type set forth in Section 5.05(A)(i) or a tender or exchange offer of the type set forth in
Section 5.05(A)(v)) if each Holder participates, at the same time and on the same terms as holders of Common Stock, and solely by virtue of being a Holder of Notes, in such transaction or event without having to convert
such Holder’s Notes and as if such Holder held a number of shares of Common Stock equal to the product of (i) the Conversion Rate in effect on the related record date; and (ii) the aggregate principal amount (expressed in thousands)
of Notes held by such Holder on such date. 
 (ii) Certain Events. The Company will not be required to
adjust the Conversion Rate except as provided in Section 5.05 or Section 5.07. Without limiting the foregoing, the Company will not be obligated to adjust the Conversion Rate on account of: 

(1) except as otherwise provided in Section 5.05, the sale of shares of Common Stock
for a purchase price that is less than the market price per share of Common Stock or less than the Conversion Price; 

(2) the issuance of any shares of Common Stock pursuant to any present or future plan providing for the
reinvestment of dividends or interest payable on the Company’s securities and the investment of additional optional amounts in shares of Common Stock under any such plan; 

(3) the issuance of any shares of Common Stock or options or rights to purchase shares of Common Stock pursuant
to any present or future employee, director or consultant benefit or incentive plan or program (including pursuant to any “evergreen” provision thereof) of, or assumed by, the Company or any of its Subsidiaries; 

(4) the issuance of any shares of Common Stock pursuant to any

  
 - 43 - 

 
option, warrant, right or convertible, exercisable or exchangeable security of the Company outstanding as of the Issue Date; 

(5) a third-party tender offer, other than a tender offer that is subject to
Section 5.05(A)(v). 
 (6) the repurchase of any shares of Common Stock pursuant to
an open market share purchase program or other buyback transaction, including structured or derivative transactions such as accelerated share repurchase transactions or similar forward derivatives, or other buyback transaction, in each case that is
not subject to Section 5.05(A)(v); 
 (7) a change in the par value (or lack of par
value) of the Common Stock; or 
 (8) accrued and unpaid interest on the Notes. 

(C) Adjustment Deferral. If an adjustment to the Conversion Rate otherwise required by this Article 5 would
result in a change of less than one percent (1%) to the Conversion Rate, then, notwithstanding anything to the contrary in this Article 5, the Company may, at its election, defer and carry forward such adjustment, except that all such
deferred adjustments must be given effect immediately upon the earliest to occur of the following: (i) when all such deferred adjustments would result in an aggregate change of at least one percent (1%) to the Conversion Rate; (ii) the
Conversion Date of any Note (in the case of Physical Settlement) or the first VWAP Trading Day of any Observation Period of any Note (in the case of Cash Settlement or Combination Settlement); (iii) the date a Fundamental Change or Make-Whole
Fundamental Change occurs; (iv) the date the Company calls any Notes for Redemption; and (v) May 15, 2025. 

(D) Adjustments Not Yet Effective. Notwithstanding anything to the contrary in the Indenture or the Notes, if: 

(i) a Note is to be converted pursuant to Physical Settlement or Combination Settlement; 

(ii) the record date or effective date for any event that requires an adjustment to the Conversion Rate
pursuant to Section 5.05(A)(i) to (iv), inclusive, has occurred on or before the Conversion Date for such conversion (in the case of Physical Settlement) or on or before any VWAP Trading Day in the Observation Period
for such conversion (in the case of Combination Settlement), but an adjustment to the Conversion Rate for such event has not yet become effective as of such Conversion Date or VWAP Trading Day, as applicable; 

(iii) the Conversion Consideration due upon such conversion (in the case of Physical Settlement) or due in
respect of such VWAP Trading Day (in the case of Combination Settlement) includes any whole shares of Common Stock; and 

(iv) such shares are not entitled to participate in such event (because they were

  
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not held on the related record date or otherwise), 
 then, solely for purposes of
such conversion, the Company will, without duplication, give effect to such adjustment on such Conversion Date (in the case of Physical Settlement) or such VWAP Trading Day (in the case of Combination Settlement), and, for the avoidance of doubt,
such shares will not be entitled to participate in such event. In such case, if the date on which the Company is otherwise required to deliver the consideration due upon such conversion is before the first date on which the amount of such adjustment
can be determined, then the Company will delay the settlement of such conversion until the second (2nd) Business Day after such first date. 

(E) Conversion Rate Adjustments where Converting Holders Participate in the Relevant Transaction or Event.
Notwithstanding anything to the contrary in the Indenture or the Notes, if: 
 (i) a Conversion Rate
adjustment for any dividend or distribution becomes effective on any Ex-Dividend Date pursuant to Section 5.05(A); 

(ii) a Note is to be converted pursuant to Physical Settlement or Combination Settlement; 

(iii) the Conversion Date for such conversion (in the case of Physical Settlement) or any VWAP Trading Day in
the Observation Period for such conversion (in the case of Combination Settlement) occurs on or after such Ex-Dividend Date and on or before the related record date; 

(iv) the Conversion Consideration due upon such conversion (in the case of Physical Settlement) or due with
respect to such VWAP Trading Day (in the case of Combination Settlement) includes any whole shares of Common Stock based on a Conversion Rate that is adjusted for such dividend or distribution; and 

(v) such shares would be entitled to participate in such dividend or distribution (including pursuant to
Section 5.02(C)), 
 then (x) such Conversion Rate adjustment will not be given effect for such conversion
(in the case of Physical Settlement) or for such VWAP Trading Day (in the case of Combination Settlement); and (y) the shares of Common Stock, if any, issuable upon such conversion (in the case of Physical Settlement) or issuable with respect
to such VWAP Trading Day (in the case of Combination Settlement) based on such unadjusted Conversion Rate will be entitled to participate in such dividend or distribution. 

(F) Stockholder Rights Plans. If any shares of Common Stock are to be issued upon conversion of any Note and, at the
time of such conversion, the Company has in effect any stockholder rights plan, then the Holder of such Note will be entitled to receive, in addition to, and concurrently with the delivery of, the Conversion Consideration otherwise payable under the
Indenture upon such conversion, the rights set forth in such stockholder rights plan, unless such rights have separated from the Common Stock at such time, in which case, and only in such case, the Conversion Rate will be adjusted pursuant to
Section 5.05(A)(iii)(1) on account of such separation as if, at the time of such separation, the Company had made a distribution of the type 

  
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referred to in such Section to all holders of the Common Stock, subject to readjustment in accordance with such Section if such rights expire, terminate or are redeemed. 

(G) Limitation on Effecting Transactions Resulting in Certain Adjustments. The Company will not engage in or be a party
to any transaction or event that would require the Conversion Rate to be adjusted pursuant to Section 5.05(A) or Section 5.07 to an amount that would result in the Conversion Price per share of
Common Stock being less than the par value per share of Common Stock. 
 (H) Equitable Adjustments to Last Reported Sale
Price. Whenever any provision of the Indenture requires the Company to calculate the average of the Last Reported Sale Prices, or any function thereof, over a span of multiple days (including to calculate the Stock Price or an adjustment to the
Conversion Rate), the Company will make proportionate adjustments, if any, to such calculations to account for any adjustment to the Conversion Rate pursuant to Section 5.05(A)(i) that becomes effective, or any event
requiring such an adjustment to the Conversion Rate where the Ex-Dividend Date or effective date, as applicable, of such event occurs, at any time during the period over which such average is to be calculated.

 (I) Calculation of Number of Outstanding Shares of Common Stock. For purposes of
Section 5.05(A), the number of shares of Common Stock outstanding at any time will (i) include shares issuable in respect of scrip certificates issued in lieu of fractions of shares of Common Stock; and
(ii) exclude shares of Common Stock held in the Company’s treasury (unless the Company pays any dividend or makes any distribution on shares of Common Stock held in its treasury). 

(J) Calculations. All calculations with respect to the Conversion Rate and adjustments thereto will be made to the
nearest cent (with 0.5 of a cent rounded upward) or to the nearest 1/10,000th of a share of Common Stock (with 5/100,000ths rounded upward), as applicable. 

(K) Notice of Conversion Rate Adjustments. Upon the effectiveness of any adjustment to the Conversion Rate pursuant to
Section 5.05(A), the Company will promptly send notice to the Holders, the Trustee and the Conversion Agent containing (i) a brief description of the transaction or other event on account of which such adjustment was
made; (ii) the Conversion Rate in effect immediately after such adjustment; and (iii) the effective time of such adjustment. 

Section 5.06. VOLUNTARY ADJUSTMENTS. 

(A) Generally. To the extent permitted by law and applicable stock exchange rules, the Company, from time to time, may
(but is not required to) increase the Conversion Rate by any amount if (i) the Board of Directors determines that such increase is either (x) in the best interest of the Company; or (y) advisable to avoid or diminish any income tax
imposed on holders of Common Stock or rights to purchase Common Stock as a result of any dividend or distribution of shares (or rights to acquire shares) of Common Stock or any similar event; (ii) such increase is in effect for a period of at
least twenty (20) Business Days; and (iii) such increase is irrevocable during such period. 

  
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 (B) Notice of Voluntary Increases. If the Board of Directors
determines to increase the Conversion Rate pursuant to this Section 5.06, then, on or before the effective date of such increase, the Company will send notice to the Trustee and each Holder of such increase, the amount
thereof and the period during which such increase will be in effect. 
 Section 5.07. ADJUSTMENTS TO
THE CONVERSION RATE IN CONNECTION WITH A MAKE-WHOLE FUNDAMENTAL CHANGE. 

(A) Generally. If a Make-Whole Fundamental Change occurs and the Conversion Date for the conversion of a Note occurs
during the related Make-Whole Fundamental Change Conversion Period, then, subject to this Section 5.07, the Conversion Rate applicable to such conversion will be increased by a number of shares (the “Additional
Shares”) set forth in the table below corresponding (after interpolation as provided in, and subject to, the provisions below) to the effective and the Stock Price of such Make-Whole Fundamental Change: 

 

																																																	
	 	  	Stock Price	 
	 Effective Date
	  	$28.74	 	  	$34.00	 	  	$38.80	 	  	$45.00	 	  	$50.44	 	  	$60.00	 	  	$75.00	 	  	$100.00	 	  	$125.00	 	  	$150.00	 	  	$175.00	 	  	$200.00	 
	 September 10, 2018
	  	 	9.0208	 	  	 	6.5824	 	  	 	5.0969	 	  	 	3.7984	 	  	 	3.0180	 	  	 	2.1212	 	  	 	1.3497	 	  	 	0.7608	 	  	 	0.4872	 	  	 	0.3311	 	  	 	0.2285	 	  	 	0.1546	 
	 September 15, 2019
	  	 	9.0208	 	  	 	6.3126	 	  	 	4.7686	 	  	 	3.4420	 	  	 	2.6626	 	  	 	1.7947	 	  	 	1.0881	 	  	 	0.5910	 	  	 	0.3772	 	  	 	0.2599	 	  	 	0.1841	 	  	 	0.1297	 
	 September 15, 2020
	  	 	9.0208	 	  	 	6.0376	 	  	 	4.3992	 	  	 	3.0182	 	  	 	2.2312	 	  	 	1.3965	 	  	 	0.7780	 	  	 	0.4004	 	  	 	0.2564	 	  	 	0.1805	 	  	 	0.1315	 	  	 	0.0965	 
	 September 15, 2021
	  	 	9.0208	 	  	 	5.7462	 	  	 	3.9554	 	  	 	2.4636	 	  	 	1.6463	 	  	 	0.8603	 	  	 	0.3967	 	  	 	0.1931	 	  	 	0.1283	 	  	 	0.0935	 	  	 	0.0702	 	  	 	0.0530	 
	 September 15, 2022
	  	 	9.0208	 	  	 	5.5829	 	  	 	3.6044	 	  	 	1.8500	 	  	 	0.0000	 	  	 	0.0000	 	  	 	0.0000	 	  	 	0.0000	 	  	 	0.0000	 	  	 	0.0000	 	  	 	0.0000	 	  	 	0.0000	 
	 September 15, 2023
	  	 	9.0208	 	  	 	5.4347	 	  	 	3.4263	 	  	 	1.7222	 	  	 	0.0000	 	  	 	0.0000	 	  	 	0.0000	 	  	 	0.0000	 	  	 	0.0000	 	  	 	0.0000	 	  	 	0.0000	 	  	 	0.0000	 
	 September 15, 2024
	  	 	9.0208	 	  	 	4.8968	 	  	 	2.8312	 	  	 	1.3033	 	  	 	0.0000	 	  	 	0.0000	 	  	 	0.0000	 	  	 	0.0000	 	  	 	0.0000	 	  	 	0.0000	 	  	 	0.0000	 	  	 	0.0000	 
	 September 15, 2025
	  	 	9.0208	 	  	 	3.6378	 	  	 	0.0000	 	  	 	0.0000	 	  	 	0.0000	 	  	 	0.0000	 	  	 	0.0000	 	  	 	0.0000	 	  	 	0.0000	 	  	 	0.0000	 	  	 	0.0000	 	  	 	0.0000	 

 If such effective date or Stock Price is not set forth in the table above, then: 

(i) if such Stock Price is between two Stock Prices in the table above or the effective date is between two
effective dates in the table above, then the number of Additional Shares will be determined by a straight-line interpolation between the numbers of Additional Shares set forth for the higher and lower Stock Prices in the table and the earlier and
later effective dates in the table above, as applicable, based on a 365- or 366-day year, as applicable; and 

(ii) if the Stock Price is greater than $200.00 (subject to adjustment in the same manner as the Stock Prices
set forth in the column headings of the table above are adjusted pursuant to Section 5.07(B)), or less than $28.74 (subject to adjustment in the same manner), per share, then no Additional Shares will be added to the
Conversion Rate. 
 Notwithstanding anything to the contrary in the Indenture or the Notes, in no event will the Conversion Rate be
increased to an amount that exceeds 34.7947 shares of Common Stock per $1,000 principal amount of Notes, which amount is subject to adjustment in the same manner as, and at the same time and for the same events for which, the Conversion Rate is
required to be adjusted pursuant to Section 5.05(A). 
 (B) Adjustment of Stock Prices and
Additional Shares. The Stock Prices in the first row (i.e., the column headers) of the table set forth in Section 5.07(A) will be adjusted at the same time and for the same events for which, the Conversion Rate
is adjusted as a result of the operation of Section 5.05(A). The adjusted Stock Prices will equal the Stock Prices immediately prior to such adjustment, multiplied by a fraction, the numerator of which is the Conversion
Rate 

  
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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 numbers of Additional Shares in the table set
forth in Section 5.07(A) will be adjusted in the same manner as, and at the same time and for the same events for which, the Conversion Rate is adjusted pursuant to Section 5.07(A). 

(C) Notice of the Occurrence of a Make-Whole Fundamental Change. The Company will notify the Holders, the Trustee and
the Conversion Agent of each Make-Whole Fundamental Change no later than the second (2nd) Business Day after the effective date of such Make-Whole Fundamental Change. 

(D) Settlement of Cash Make-Whole Fundamental Changes. For the avoidance of doubt, if holders of Common Stock receive
solely cash in a Make-Whole Fundamental Change, then, pursuant to Section 5.09, conversions of Notes will thereafter be settled no later than the third (3rd) Business Day after the relevant Conversion Date. 

Section 5.08. EXCHANGE IN LIEU OF CONVERSION. 

When a Holder surrenders any Note for conversion, the Company may, at its election (an “Exchange Election”),
direct the Conversion Agent to surrender, on or prior to the Business Day immediately following the Conversion Date, such Note to one or more financial institutions designated by the Company for exchange in lieu of conversion. In order to accept any
Notes surrendered for conversion, the designated financial institution(s) must agree to timely pay or deliver, as the case may be, in exchange for such Note, the Conversion Consideration that would otherwise be due pursuant to this Article 5.
To make an Exchange Election with respect to any Note, the Company must, by the Close of Business on the Business Day following the relevant Conversion Date, notify in writing the Trustee, the Conversion Agent (if other than the Trustee) and the
Holder of such Note and the Company must notify the designated financial institution(s) of the relevant deadline for delivery of the Conversion Consideration and the type of Conversion Consideration to be paid or delivered, as the case may be. 

Any Notes exchanged by the designated financial institution(s) will remain outstanding, subject to the Depositary Procedures,
if applicable. If any financial institution agrees to accept any Notes for exchange but does not timely pay or deliver, as the case may be, the related Conversion Consideration, or if such designated financial institution does not accept the Notes
for exchange, then the Company will pay or deliver, as the case may be, the relevant Conversion Consideration, as, and at the time, required pursuant to the Indenture as if the Company had not made the exchange election. 

The Company’s designation of any financial institution(s) to which the Notes may be submitted for exchange does not
require such financial institution(s) to accept any Notes. 
 Section 5.09. EFFECT OF COMMON
STOCK CHANGE EVENT. 
 (A) Generally. If there occurs any: 

(i) recapitalization, reclassification or change of the Common Stock (other than (x) changes solely
resulting from a subdivision or combination of the Common 

  
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Stock, (y) a change only in par value or from par value to no par value or no par value to par value and (z) stock splits and stock combinations that do not involve the issuance of any
other series or class of securities); 
 (ii) consolidation, merger, combination or binding share exchange
involving the Company; or 
 (iii) sale, lease or other transfer of all or substantially all of the assets of
the Company and its Subsidiaries, taken as a whole, to any Person, 
 and, as a result which, the Common Stock is converted into, or is
exchanged for, or represents solely the right to receive, other securities, cash or other property, or any combination of the foregoing (such an event, a “Common Stock Change Event,” and such other securities, cash or property, the
“Reference Property,” and the amount and kind of Reference Property that a holder of one (1) share of Common Stock would be entitled to receive on account of such Common Stock Change Event (without giving effect to any
arrangement not to issue or deliver a fractional portion of any security or other property), a “Reference Property Unit”), then, notwithstanding anything to the contrary in the Indenture or the Notes, 

(1) from and after the effective time of such Common Stock Change Event, (I) the Conversion Consideration
due upon conversion of any Note and the conditions to any such conversion, will be determined in the same manner as if each reference to any number of shares of Common Stock in this Article 5 (or in any related definitions) were instead a
reference to the same number of Reference Property Units; (II) for purposes of Section 4.03, each reference to any number of shares of Common Stock in such Section (or in any related definitions) will instead be deemed
to be a reference to the same number of Reference Property Units; and (III) for purposes of the definition of “Fundamental Change” and “Make-Whole Fundamental Change,” (x) the terms “Common Stock” and “common
equity” will be deemed to mean the common equity (which term will be deemed to include depositary receipts or shares representing common equity), if any, forming part of such Reference Property; and (y) references to the Company will be
deemed to be references to the entity that is the issuer of such common equity; 
 (2) if such Reference
Property Unit consists entirely of cash, then the Company will be deemed to elect Cash Settlement and will pay the cash due in respect of all conversions whose Conversion Date occurs on or after the effective date of such Common Stock Change Event
no later than the second (2nd) Business Day after such Conversion Date; and 
 (3) for these purposes, the
Daily VWAP or Last Reported Sale Price of any Reference Property Unit or portion thereof that does not consist of a class of securities will be the fair value of such Reference Property Unit or portion thereof, as applicable, determined in good
faith by the Company (or, in the case of cash denominated in U.S. dollars, the face amount thereof). 
 If the Reference
Property consists of more than a single type of consideration to be 

  
 - 49 - 

 
determined based in part upon any form of stockholder election, then the composition of the Reference Property Unit will be deemed to be the weighted average, per share of Common Stock, of the
types and amounts of consideration actually received, per share of Common Stock, by the holders of Common Stock. The Company will notify Holders of the weighted average as soon as practicable after such determination is made. 

At or before the effective time of such Common Stock Change Event, the Company and the resulting, surviving or transferee
Person (if not the Company) of such Common Stock Change Event (the “Successor Person”) will execute and deliver to the Trustee a supplemental indenture pursuant to Section 8.01(F), which supplemental
indenture will give effect to the provisions of this Section 5.09(A) and contain such other provisions as the Company reasonably determines are appropriate to preserve the economic interests of the Holders. If such
Reference Property includes, in whole or in part, any stock or other securities, then such supplemental indenture will, to the extent applicable, provide for subsequent adjustments to the Conversion Rate in a manner consistent with
Section 5.05. In addition, if the Reference Property includes, in whole or in part, shares of stock or other securities or assets (other than cash or cash equivalents) of a Person other than the Successor Person, then such
other Person will also execute such supplemental indenture and such supplemental indenture will contain such additional provisions the Company reasonably determines are appropriate to preserve the economic interests of the Holders. 

(B) Notice of Common Stock Change Events. No later than the second (2nd) Business Day after the effective date of each
Common Stock Change Event, the Company will notify the Holders and the Trustee of such Common Stock Change Event, including a brief description of such Common Stock Change Event, its effective date and a brief description of the anticipated change
in the conversion right of the Notes. 
 (C) Compliance Covenant. The Company will not become a party to any Common
Stock Change Event unless its terms are consistent with this Section 5.09. 
 Article 6. SUCCESSORS 

This Article 6 will apply to the Notes in lieu of Article 10 of the Base Indenture, which will be deemed to be replaced
with this Article 6, mutatis mutandis. 
 Section 6.01. WHEN THE COMPANY
MAY MERGE, ETC. 
 (A) Generally. The Company will not consolidate
with or merge with or into, or sell, lease or otherwise transfer, in one transaction or a series of transactions, all or substantially all of the assets of the Company and its Subsidiaries, taken as a whole, to another Person (other than any such
sale, lease or transfer to one or more of the Company’s Wholly Owned Subsidiaries not effected by means of a consolidation or merger) (a “Business Combination Event”), unless: 

(i) the resulting, surviving or transferee Person either (x) is the Company or (y) if not the
Company, is a corporation (the “Successor Corporation”) duly organized and existing under the laws of the United States of America, any State thereof or the District of Columbia that expressly assumes (by executing and delivering to
the Trustee, 

  
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at or before the effective time of such Business Combination Event, a supplemental indenture pursuant to Section 8.01(E)) all of the Company’s obligations under the
Indenture and the Notes; and 
 (ii) immediately after giving effect to such Business Combination Event, no
Default or Event of Default will have occurred and be continuing. 
 Section 6.02. SUCCESSOR CORPORATION
SUBSTITUTED. 
 At the effective time of any Business Combination Event that complies with
Section 6.01, the Successor Corporation (if not the Company) will succeed to, and may exercise every right and power of, the Company under the Indenture and the Notes with the same effect as if such Successor Corporation
had been named as the Company in the Indenture and the Notes, and, except in the case of a lease, the predecessor Company will be discharged from its obligations under the Indenture and the Notes. 

Article 7. DEFAULTS AND REMEDIES 

This Article 7 will apply to the Notes in lieu of Article 6 of the Base Indenture, which will be deemed to be replaced
with this Article 7, mutatis mutandis. 
 Section 7.01. EVENTS OF DEFAULT. 

(A) Definition of Events of Default. “Event of Default” means the occurrence of any of the following:

 (i) a default in the payment when due (whether at maturity, upon Redemption or Repurchase Upon Fundamental
Change or otherwise) of the principal of, or the Redemption Price or Fundamental Change Repurchase Price for, any Note; 

(ii) a default for thirty (30) days in the payment when due of interest on any Note; 

(iii) the Company’s failure to deliver, when required by the Indenture, a Fundamental Change Notice or a
notice pursuant to Section 5.01(C)(i)(3)(b); 
 (iv) a default in the
Company’s obligation to convert a Note in accordance with Article 5 upon the exercise of the conversion right with respect thereto and such failure continues for five (5) Business Days; 

(v) a default in the Company’s obligations under Article 6; 

(vi) a default in any of the Company’s obligations or agreements under the Indenture or the Notes (other
than a default set forth in clause (i), (ii), (iii), (iv) or (v) of this Section 7.01(A)) where such default is not cured or waived within sixty (60) days after notice to
the Company by the Trustee, or to the Company and the Trustee by Holders of at least twenty five percent (25%) of the aggregate principal amount of Notes then outstanding, which notice must specify such default, demand that it be remedied and

  
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state that the such notice is a “Notice of Default”; 

(vii) a default by the Company or any of its Significant Subsidiaries with respect to any one or more
mortgages, agreements or other instruments under which there is outstanding, or by which there is secured or evidenced, any indebtedness for money borrowed of at least thirty million dollars ($30,000,000) (or its foreign currency equivalent) in the
aggregate of the Company or any of its Significant Subsidiaries, whether such indebtedness exists as of the Issue Date or is thereafter created, where such default: 

(1) constitutes a failure to pay the principal of any of such indebtedness when due and payable (after the
expiration of all applicable grace periods) at its stated maturity, upon required repurchase, upon declaration of acceleration or otherwise; or 

(2) results in such indebtedness becoming or being declared due and payable before its stated maturity (an
“Acceleration”), 
 and, in either case, such Acceleration has not been rescinded or annulled or such
failure to pay or default is not cured or waived, or such indebtedness is not paid or discharged in full, within sixty (60) days after written notice to the Company by the Trustee or to the Company and the Trustee by Holders of at least twenty
five percent (25%) of the aggregate principal amount of Notes then outstanding; 
 (viii) one or more final
judgments being rendered against the Company or any of its Significant Subsidiaries for the payment of at least thirty million dollars ($30,000,000) (or its foreign currency equivalent) in the aggregate (excluding any amounts covered by insurance),
where such judgment is not discharged or stayed within sixty (60) days after (i) the date on which the right to appeal the same has expired, if no such appeal has commenced; or (ii) the date on which all rights to appeal have been
extinguished; and 
 (ix) the Company or any of its Significant Subsidiaries, pursuant to or within the
meaning of any Bankruptcy Law, either: 
 (1) commences a voluntary case or proceeding; 

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

(3) consents to the appointment of a custodian of it or for any substantial part of its property; 

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

(5) takes any comparable action under any foreign Bankruptcy Law; or 

  
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 (6) generally is not paying its debts as they become due; or

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

(1) is for relief against Company or any of its Significant Subsidiaries in an involuntary case or proceeding;

 (2) appoints a custodian of the Company or any of its Significant Subsidiaries, or for any substantial
part of the property of the Company or any of its Significant Subsidiaries; 
 (3) orders the winding up or
liquidation of the Company or any of its Significant Subsidiaries; or 
 (4) grants any similar relief under
any foreign Bankruptcy Law, 
 and, in each case under this Section 7.01(A)(x), such order or
decree remains unstayed and in effect for at least sixty (60) days. 
 (B) Cause Irrelevant. Each of the events
set forth in Section 7.01(A) will constitute an Event of Default regardless of the cause thereof or whether voluntary or involuntary or 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. 
 Section 7.02. ACCELERATION. 

(A) Automatic Acceleration in Certain Circumstances. If an Event of Default set forth in
Section 7.01(A)(ix) or 7.01(A)(x) occurs with respect to the Company (and not solely with respect to a Significant Subsidiary of the Company), then the principal amount of, and all accrued and unpaid interest on, all
of the Notes then outstanding will immediately become due and payable without any further action or notice by any Person. 

(B) Optional Acceleration. Subject to Section 7.03, if an Event of Default (other than an
Event of Default set forth in Section 7.01(A)(ix) or 7.01(A)(x) with respect to the Company and not solely with respect to a Significant Subsidiary of the Company) occurs and is continuing, then the Trustee, by
notice to the Company, or Holders of at least twenty five percent (25%) of the aggregate principal amount of Notes then outstanding, by notice to the Company and the Trustee, may declare the principal amount of, and all accrued and unpaid interest
on, all of the Notes then outstanding to become due and payable immediately. 
 (C) Rescission of Acceleration.
Notwithstanding anything to the contrary in the Indenture or the Notes, the Holders of a majority in aggregate principal amount of the Notes then outstanding, by notice to the Company and the Trustee, may, on behalf of all Holders, rescind any
acceleration of the Notes and its consequences if (i) such rescission would not conflict with any judgment or decree of a court of competent jurisdiction; and (ii) all existing Events of Default (except the
non-payment of principal of, or interest on, the Notes that has become due solely because of such acceleration) have been cured or waived. No such rescission will affect

  
 - 53 - 

 
any subsequent Default or impair any right consequent thereto. 
 Section 7.03.
SOLE REMEDY FOR A FAILURE TO REPORT. 

(A) Generally. Notwithstanding anything to the contrary in the Indenture or the Notes, the Company may elect that the
sole remedy for any Event of Default (a “Reporting Event of Default”) pursuant to Section 7.01(A)(vi) arising from the Company’s failure to comply with Section 3.02 (including
the Company’s obligations under Section 314(a)(1) of the Trust Indenture Act) will, for each of the first three hundred and sixty (360) calendar days on which a Reporting Event of Default has occurred and is continuing, consist
exclusively of the accrual of Special Interest on the Notes. If the Company has made such an election, then (i) the Notes will be subject to acceleration pursuant to Section 7.02 on account of the relevant Reporting
Event of Default from, and including, the three hundred and sixty first (361st) calendar day on which a Reporting Event of Default has occurred and is continuing or if the Company fails to pay any accrued and unpaid Special Interest when due; and
(ii) Special Interest will cease to accrue on any Notes from, and including, the earlier of (x) the date such Event of Default is cured or waived and (y) such three hundred and sixty first (361st) calendar day (it being understood
that interest on any defaulted Special Interest will nonetheless accrue pursuant to Section 2.04(B)). 

(B) Amount and Payment of Special Interest. Any Special Interest that accrues on a Note pursuant to
Section 7.03(A) will be payable on the same dates and in the same manner as the Stated Interest on such Note and will accrue at a rate per annum equal to one quarter of one percent (0.25%) of the principal amount thereof
for the first one hundred and eighty (180) days on which Special Interest accrues and, thereafter, at a rate per annum equal to one half of one percent (0.50%) of the principal amount thereof from the one hundred eighty first (181st) day to,
and including, the three hundred sixtieth (360th) day on which Special Interest accrues; provided, however, that in no event will Special Interest accrue on any day on a Note at a rate per annum that exceeds one half of one percent
(0.50%), regardless of the number of events or circumstances giving rise to the accrual of Special Interest. For the avoidance of doubt, any Special Interest that accrues on a Note will be in addition to the Stated Interest that accrues on such
Note. 
 (C) Notice of Election. To make the election set forth in Section 7.03(A), the
Company must send to the Holders, the Trustee and the Paying Agent, before the date on which each Reporting Event of Default first occurs, a notice that (i) briefly describes of the report(s) that the Company failed to file with or furnish to
the SEC; (ii) states that the Company is electing that the sole remedy for such Reporting Event of Default consist of the accrual of Special Interest; and (iii) briefly describes the periods during which and rate at which Special Interest
will accrue and the circumstances under which the Notes will be subject to acceleration on account of such Reporting Event of Default. 

(D) No Effect on Other Events of Default. No election pursuant to this Section 7.03 with
respect to a Reporting Event of Default will affect the rights of any Holder with respect to any other Event of Default, including with respect to any other Reporting Event of Default. 

  
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 Section 7.04. OTHER REMEDIES. 

(A) Trustee May Pursue All Remedies. If an Event of Default occurs and is continuing, then the Trustee may pursue any
available remedy to collect the payment of any amounts due with respect to the Notes or to enforce the performance of any provision of the Indenture or the Notes. 

(B) Procedural Matters. The Trustee may maintain a proceeding even if it does not possess any of the Notes or does not
produce any of them in such proceeding. A delay or omission by the Trustee or any Holder in exercising any right or remedy following an Event of Default will not impair the right or remedy or constitute a waiver of, or acquiescence in, such Event of
Default. All remedies will be cumulative to the extent permitted by law. 
 Section 7.05. WAIVER OF
PAST DEFAULTS. 
 An Event of Default pursuant to clause (i), (ii),
(iv) or (vi) of Section 7.01(A) (that, in the case of clause (vi) only, results from a Default under any covenant that cannot be amended without the consent of each affected Holder), and a
Default that could lead to such an Event of Default, can be waived only with the consent of each affected Holder. Each other Default or Event of Default may be waived, on behalf of all Holders, by the Holders of a majority in aggregate principal
amount of the Notes then outstanding. If an Event of Default is so waived, then it will cease to exist. If a Default is so waived, then it will be deemed to be cured and any Event of Default arising therefrom will be deemed not to occur. However, no
such waiver will extend to any subsequent or other Default or Event of Default or impair any right arising therefrom. 
 Section 7.06.
CONTROL BY MAJORITY. 
 Holders of a majority in aggregate principal amount
of the Notes then outstanding may direct the time, method and place of conducting any proceeding for exercising any remedy available to the Trustee or exercising any trust or power conferred on it. However, the Trustee may refuse to follow any
direction that conflicts with law, the Indenture or the Notes, or that, subject to Section 7.01 of the Base Indenture, the Trustee determines may be unduly prejudicial to the rights of other Holders or may involve the Trustee in liability,
unless the Trustee is offered security and indemnity satisfactory to the Trustee against any loss, liability or expense to the Trustee that may result from the Trustee’s following such direction. 

Section 7.07. LIMITATION ON SUITS. 

No Holder may pursue any remedy with respect to the Indenture or the Notes (except to enforce (x) its rights to receive
the principal of, or the Redemption Price or Fundamental Change Repurchase Price for, or interest on, any Notes; or (y) the Company’s obligations to convert any Notes pursuant to Article 5), unless: 

(A) such Holder has previously delivered to the Trustee notice that an Event of Default is continuing; 

(B) Holders of at least twenty five percent (25%) in aggregate principal amount of the

  
 - 55 - 

 
Notes then outstanding deliver a written request to the Trustee to pursue such remedy; 

(C) such Holder or Holders offer and, if requested, provide to the Trustee security and indemnity satisfactory to the Trustee
against any loss, liability or expense to the Trustee that may result from the Trustee’s following such request; 
 (D)
the Trustee does not comply with such request within sixty (60) calendar days after its receipt of such request and such offer of security or indemnity; and 

(E) during such sixty (60) calendar day period, Holders of a majority in aggregate principal amount of the Notes then
outstanding do not deliver to the Trustee a direction that is inconsistent with such request. 
 A Holder of a Note may not
use the Indenture to prejudice the rights of another Holder or to obtain a preference or priority over another Holder. The Trustee will have no duty to determine whether any Holder’s use of the Indenture complies with the preceding sentence.

 Section 7.08. ABSOLUTE RIGHT OF HOLDERS TO INSTITUTE
SUIT FOR THE ENFORCEMENT OF THE RIGHT TO RECEIVE PAYMENT AND
CONVERSION CONSIDERATION. 
 Notwithstanding anything to the contrary in the Indenture or
the Notes, the right of each Holder of a Note to receive payment or delivery, as applicable, of the principal of, or the Redemption Price or Fundamental Change Repurchase Price for, or any interest on, or the Conversion Consideration due pursuant to
Article 5 upon conversion of, such Note on or after the respective due dates therefor, or to bring suits for the enforcement of any such payment or delivery on or after such respective due dates, provided in the Indenture and the Notes, will
not be impaired or affected without the consent of such Holder. 
 Section 7.09. COLLECTION SUIT BY
TRUSTEE. 
 The Trustee will have the right, upon the occurrence and continuance of an Event of Default
pursuant to clause (i), (ii) or (iv) of Section 7.01(A), to recover judgment in its own name and as trustee of an express trust against the Company for the total unpaid or undelivered
principal of, or Redemption Price or Fundamental Change Repurchase Price for, or interest on, or Conversion Consideration due pursuant to Article 5 upon conversion of, the Notes, as applicable, and, to the extent lawful, any Default Interest
on any Defaulted Amounts, and such further amounts sufficient to cover the costs and expenses of collection, including all amounts owed to it under Section 7.06 of the Base Indenture. 

Section 7.10. TRUSTEE MAY FILE PROOFS OF CLAIM. 

The Trustee has the right to (A) file such proofs of claim and other papers or documents as may be necessary or advisable
in order to have the claims of the Trustee and the Holders allowed in any judicial proceedings relative to the Company (or any other obligor upon the Notes) or its creditors or property and (B) collect, receive and distribute any money or other
property payable or deliverable on any such claims. Each Holder authorizes any custodian in such proceeding to make such payments to the Trustee, and, if the Trustee consents to the 

  
 - 56 - 

 
making of such payments directly to the Holders, to pay to the Trustee any amount due to the Trustee for the reasonable compensation, expenses, disbursements and advances of the Trustee, and its
agents and counsel, and any other amounts payable to the Trustee pursuant to Section 7.06 of the Base Indenture. To the extent that the payment of any such compensation, expenses, disbursements, advances and other amounts out of the estate in
such proceeding, is denied for any reason, payment of the same will be secured by a lien on, and will be paid out of, any and all distributions, dividends, money, securities and other properties that the Holders may be entitled to receive in such
proceeding (whether in liquidation or under any plan of reorganization or arrangement or otherwise). Nothing in the Indenture will be deemed to authorize the Trustee to authorize, consent to, accept or adopt on behalf of any Holder any plan of
reorganization, arrangement, adjustment or composition affecting the Notes or the rights of any Holder, or to authorize the Trustee to vote in respect of the claim of any Holder in any such proceeding. 

Section 7.11. PRIORITIES. 

The Trustee will pay or deliver in the following order any money or other property that it collects pursuant to this Article
7: 
 First: to the Trustee and any Note Agent and their respective agents and attorneys for
amounts due hereunder, including payment of all fees, compensation, expenses and liabilities incurred, and all advances made, by the Trustee and the costs and expenses of collection; 

Second: to Holders for unpaid amounts or other property due on the Notes, including the principal of, or
the Redemption Price or Fundamental Change Repurchase Price for, or any interest on, or any Conversion Consideration due upon conversion of, the Notes, ratably, and without preference or priority of any kind, according to such amounts or other
property due and payable on all of the Notes; and 
 Third: to the Company or such other Person as a
court of competent jurisdiction directs. 
 The Trustee may fix a record date and payment date for any payment or delivery
to the Holders pursuant to this Section 7.11, in which case the Trustee will instruct the Company to, and the Company will, deliver, at least fifteen (15) calendar days before such record date, to each Holder and the
Trustee a notice stating such record date, such payment date and the amount of such payment or nature of such delivery, as applicable. 

Section 7.12. UNDERTAKING FOR COSTS. 

In any suit for the enforcement of any right or remedy under the Indenture or the Notes or in any suit against the Trustee for
any action taken or omitted by it as Trustee, a court, in its discretion, may (A) require the filing by any litigant party in such suit of an undertaking to pay the costs of such suit, and (B) assess reasonable costs (including reasonable
attorneys’ fees) against any litigant party in such suit, having due regard to the merits and good faith of the claims or defenses made by such litigant party; provided, however, that this Section 7.12
does not apply to any suit by the Trustee, any suit by a Holder pursuant to Section 7.08 or any suit by 

  
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one or more Holders of more than ten percent (10%) in aggregate principal amount of the Notes then outstanding. 

Article 8. AMENDMENTS, SUPPLEMENTS AND WAIVERS 

Section 8.01 and Section 8.02 will apply to the Notes in lieu of
Section 9.01 and Section 9.02, respectively, of the Base Indenture, which will be deemed to be replaced with Section 8.01 and Section 8.02, respectively, mutatis mutandis. 

Section 8.01. WITHOUT THE CONSENT OF HOLDERS. 

Notwithstanding anything to the contrary in Section 8.02, the Company and the Trustee may amend or
supplement the Indenture or the Notes without the consent of any Holder to: 
 (A) cure any ambiguity or correct any
omission, defect or inconsistency in the Indenture or the Notes; 
 (B) add guarantees with respect to the Company’s
obligations under the Indenture or the Notes; 
 (C) secure the Notes; 

(D) add to the Company’s covenants or Events of Default for the benefit of the Holders or surrender any right or power
conferred on the Company; 
 (E) provide for the assumption of the Company’s obligations under the Indenture and the
Notes pursuant to, and in compliance with, Article 6; 
 (F) enter into supplemental indentures pursuant to, and in
accordance with, Section 5.09 in connection with a Common Stock Change Event; 
 (G) irrevocably
elect or eliminate any Settlement Method or Specified Dollar Amount; provided, however, that no such election or elimination will affect any settlement method theretofore elected (or deemed to be elected) with respect to any Note
pursuant to Section 5.03(A); 
 (H) evidence or provide for the acceptance of the appointment,
under the Indenture, of a successor Trustee, Registrar, Paying Agent, Bid Solicitation Agent or Conversion Agent or facilitate the administration of the trusts under the Indenture by more than one trustee; 

(I) conform the provisions of the Indenture and the Notes to the “Description of Notes” section of the Company’s
Preliminary Prospectus Supplement, dated September 4, 2018, as supplemented by the related Pricing Term Sheet, dated September 5, 2018; 

(J) provide for or confirm the issuance of additional Notes pursuant to Section 2.02(B); 

  
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 (K) increase the Conversion Rate as provided in the Indenture; 

(L) comply with any requirement of the SEC in connection with effecting or maintaining qualification of the Indenture or any
supplemental indenture under the Trust Indenture Act, as then in effect; 
 (M) provide for any transfer restrictions that
apply to any Notes issued under the Indenture (other than the Initial Notes) that, at the time of their original issuance, constitute “restricted securities” within the meaning of Rule 144 under the Securities Act or that are originally
issued in reliance upon Regulation S under the Securities Act; 
 (N) comply with the rules of the Depositary for the Notes
in a manner that does not adversely affect the rights of any Holder; or 
 (O) make any other change to the Indenture or the
Notes that does not, individually or in the aggregate with all other such changes, adversely affect the rights of the Holders, as such, in any material respect. 

Section 8.02. WITH THE CONSENT OF HOLDERS. 

(A) Generally. Subject to Sections 8.01, 7.05 and 7.08 and the immediately following sentence, the
Company and the Trustee may, with the consent of the Holders of a majority in aggregate principal amount of the Notes then outstanding, amend or supplement the Indenture or the Notes or waive compliance with any provision of the Indenture or the
Notes. Notwithstanding anything to the contrary in the foregoing sentence, without the consent of each affected Holder, no amendment or supplement to the Indenture or the Notes, or waiver of any provision of the Indenture or the Notes, may: 

(i) reduce the principal, or extend the stated maturity, of any Note; 

(ii) reduce the Redemption Price or Fundamental Change Repurchase Price for any Note or change the times at
which, or the circumstances under which, the Notes may or will be redeemed or repurchased by the Company; 

(iii) reduce the rate, or extend the time for the payment, of interest on any Note; 

(iv) make any change that adversely affects the conversion rights of any Note; 

(v) impair the absolute rights of any Holder set forth in Section 7.08 (as such
section is in effect on the Issue Date); 
 (vi) change the ranking of the Notes; 

(vii) make any note payable in money, or at a place of payment, other than that stated in the Indenture or the
Note; 
 (viii) reduce the amount of Notes whose Holders must consent to any

  
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amendment, supplement, waiver or other modification; or 

(ix) make any direct or indirect change to any amendment, supplement, waiver or modification provision of the
Indenture or the Notes that requires the consent of each affected Holder. 
 For the avoidance of doubt, pursuant to
clauses (i), (ii), (iii) and (iv) of this Section 8.02(A), no amendment or supplement to the Indenture or the Notes, or waiver of any provision of the Indenture or the Notes, may
change the amount or type of consideration due on any Note (whether on an Interest Payment Date, Redemption Date, Fundamental Change Repurchase Date or the Maturity Date or upon conversion, or otherwise), or the date(s) or time(s) such consideration
is payable or deliverable, as applicable, without the consent of each affected Holder. 
 (B) Holders Need Not Approve the
Particular Form of any Amendment. A consent of any Holder pursuant to this Section 8.02 need approve only the substance, and not necessarily the particular form, of the proposed amendment, supplement or waiver. 

Section 8.03. NOTICE OF AMENDMENTS, SUPPLEMENTS AND WAIVERS.

 Promptly after any amendment, supplement or waiver pursuant to Section 8.01 or 8.02 becomes
effective, the Company will send to the Holders and the Trustee notice that (A) describes the substance of such amendment, supplement or waiver in reasonable detail and (B) states the effective date thereof. The failure to send, or the
existence of any defect in, such notice will not impair or affect the validity of such amendment, supplement or waiver. 
 Section 8.04.
NOTATIONS AND EXCHANGES. 
 If any amendment, supplement or waiver changes
the terms of a Note, then the Trustee or the Company may, in its discretion, require the Holder of such Note to deliver such Note to the Trustee so that the Trustee may place an appropriate notation prepared by the Company on such Note and return
such Note to such Holder. Alternatively, at its discretion, the Company may, in exchange for such Note, issue, execute and deliver, and the Trustee will authenticate, in each case in accordance with Section 2.04 of the Base Indenture, a new
Note that reflects the changed terms. The failure to make any appropriate notation or issue a new Note pursuant to this Section 8.04 will not impair or affect the validity of such amendment, supplement or waiver. 

Article 9. SATISFACTION AND DISCHARGE 

This Article 9 will apply to the Notes in lieu of Article 11 of the Base Indenture, which will be deemed to be replaced
with this Article 9, mutatis mutandis. 

  
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 Section 9.01. TERMINATION OF
COMPANY’S OBLIGATIONS. 
 The Indenture will be discharged, and will
cease to be of further effect as to all Notes issued under the Indenture, when: 
 (A) all Notes then outstanding (other than
Notes replaced pursuant to Section 2.07 of the Base Indenture) have (A) been delivered to the Trustee for cancellation; or (B) become due and payable (whether on a Redemption Date, a Fundamental Change Repurchase Date, the
Maturity Date, upon conversion or otherwise) for an amount of cash or Conversion Consideration, as applicable, that has been fixed; 

(B) the Company has caused there to be irrevocably deposited with the Trustee, or with the Paying Agent (or, with respect to
Conversion Consideration, the Conversion Agent), in each case for the benefit of the Holders, or has otherwise caused there to be delivered to the Holders, cash (or, with respect to Notes to be converted, Conversion Consideration) sufficient to
satisfy all amounts or other property due on all Notes then outstanding (other than Notes replaced pursuant to Section 2.07 of the Base Indenture); 

(C) the Company has paid all other amounts payable by it under the Indenture; and 

provided, however, that Article 7 of the Base Indenture and Section 10.01 will survive such discharge
and, until no Notes remain outstanding, Section 2.08 of the Base Indenture and the obligations of the Trustee, the Paying Agent and the Conversion Agent with respect to money or other property deposited with them will survive such discharge.

 At the Company’s request, upon the Company’s delivery to the Trustee of an Officer’s Certificate and an
Opinion of Counsel, each stating that the conditions precedent to the discharge of the Indenture have been satisfied, the Trustee will acknowledge the satisfaction and discharge of the Indenture. 

Section 9.02. REPAYMENT TO COMPANY. 

Subject to applicable unclaimed property law, the Trustee, the Paying Agent and the Conversion Agent will promptly notify the
Company if there exists (and, at the Company’s request, promptly deliver to the Company) any cash, Conversion Consideration or other property held by any of them for payment or delivery on the Notes that remain unclaimed two (2) years
after the date on which such payment or delivery was due. After such delivery to the Company, the Trustee, the Paying Agent and the Conversion Agent will have no further liability to any Holder with respect to such cash, Conversion Consideration or
other property, and Holders entitled to the payment or delivery of such cash, Conversion Consideration or other property must look to the Company for payment as a general creditor of the Company. 

Section 9.03. REINSTATEMENT. 

If the Trustee, the Paying Agent or the Conversion Agent is unable to apply any cash or other property deposited with it
pursuant to Section 9.01 because of any legal proceeding or any order or judgment of any court or other governmental authority that enjoins, restrains or 

  
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otherwise prohibits such application, then the discharge of the Indenture pursuant to Section 9.01 will be rescinded; provided, however, that if the
Company thereafter pays or delivers any cash or other property due on the Notes to the Holders thereof, then the Company will be subrogated to the rights of such Holders to receive such cash or other property from the cash or other property, if any,
held by the Trustee, the Paying Agent or the Conversion Agent, as applicable. 
 Article 10. MISCELLANEOUS 

Section 10.01. NOTICES. 

Any notice or communication by the Company or the Trustee to the other will be deemed to have been duly given if in writing and
delivered in person or by first class mail (registered or certified, return receipt requested), facsimile transmission, electronic transmission or other similar means of unsecured electronic communication or overnight air courier guaranteeing next
day delivery, or to the other’s address, which initially is as follows: 
 If to the Company: 

Retrophin, Inc. 

3721 Valley Centre Drive, Suite 200 

San Diego, California 92130 

Attention: General Counsel 

with a copy (which will not constitute notice) to: 

Cooley LLP 

4401 Eastgate Mall 

San Diego, California 92121 

Attention: Jason L. Kent, Esq. 

Facsimile: (858) 550-6420 

If to the Trustee: 

U.S. Bank National Association 

1349 West Peachtree Street, NW, Suite 1050 

Atlanta, GA 30390 

Attn: David Ferrell 

Facsimile: (404) 898-2467 

The Company or the Trustee, by notice to the other, may designate additional or different addresses (including facsimile
numbers and electronic addresses) for subsequent notices or communications. 
 All notices and communications (other than
those sent to Holders) will be deemed to have been duly given: (A) at the time delivered by hand, if personally delivered; (B) five (5) Business Days after being deposited in the mail, postage prepaid, if mailed; (C) when receipt
acknowledged, if transmitted by facsimile, electronic transmission or other similar means of 

  
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unsecured electronic communication; and (D) the next Business Day after timely delivery to the courier, if sent by overnight air courier guaranteeing next day delivery. 

All notices or communications required to be made to a Holder pursuant to the Indenture must be made in writing and will be
deemed to be duly sent or given in writing if mailed by first class mail, certified or registered, return receipt requested, or by overnight air courier guaranteeing next day delivery, to its address shown on the Register; provided,
however, that a notice or communication to a Holder of a Global Note may, but need not, instead be sent pursuant to the Depositary Procedures (in which case, such notice will be deemed to be duly sent or given in writing). The failure to send
a notice or communication to a Holder, or any defect in such notice or communication, will not affect its sufficiency with respect to any other Holder. 

If a notice or communication is mailed or sent in the manner provided above within the time prescribed, it will be deemed to
have been duly given, whether or not the addressee receives it. 
 Notwithstanding anything to the contrary in the Indenture
or the Notes, whenever any provision of the Indenture requires a party to send notice to another party, no such notice need be sent if the sending party and the recipient are the same Person acting in different capacities. 

Section 10.02. RULES BY THE TRUSTEE, THE REGISTRAR
AND THE PAYING AGENT. 
 The Trustee may make reasonable
rules for action by or at a meeting of Holders. The Registrar or Paying Agent may make reasonable rules and set reasonable requirements for its functions. 

Section 10.03. NO PERSONAL LIABILITY OF DIRECTORS, OFFICERS,
EMPLOYEES AND STOCKHOLDERS. 
 No past, present or future director, officer,
employee, incorporator or stockholder of the Company, as such, will have any liability for any obligations of the Company under the Indenture or the Notes or for any claim based on, in respect of, or by reason of, such obligations or their creation.
By accepting any Note, each Holder waives and releases all such liability. Such waiver and release are part of the consideration for the issuance of the Notes. 

Section 10.04. GOVERNING LAW; WAIVER OF JURY TRIAL. 

This Section 10.04 will, with respect to the Notes, supersede Section 13.05 of the Base
Indenture in its entirety. THE INDENTURE AND THE NOTES, AND ANY CLAIM, CONTROVERSY OR DISPUTE ARISING UNDER OR RELATED TO THE INDENTURE OR THE NOTES, WILL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK. EACH OF THE
COMPANY AND THE TRUSTEE 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 THE INDENTURE, THE NOTES OR THE TRANSACTIONS CONTEMPLATED BY THE
INDENTURE OR THE NOTES. 

  
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 Section 10.05. SUBMISSION TO JURISDICTION. 

Any legal suit, action or proceeding arising out of or based upon the Indenture or the transactions contemplated by the
Indenture may be instituted in the federal courts of the United States of America located in the City of New York or the courts of the State of New York, in each case located in the City of New York (collectively, the “Specified
Courts”), and each party irrevocably submits to the non-exclusive jurisdiction of such courts in any such suit, action or proceeding. Service of any process, summons, notice or document by mail (to
the extent allowed under any applicable statute or rule of court) to such party’s address set forth in Section 10.01 will be effective service of process for any such suit, action or proceeding brought in any such
court. Each of the Company, the Trustee and each Holder (by its acceptance of any Note) irrevocably and unconditionally waives any objection to the laying of venue of any suit, action or other proceeding in the Specified Courts and irrevocably and
unconditionally waives and agrees not to plead or claim any such suit, action or other proceeding has been brought in an inconvenient forum. 

Section 10.06. NO ADVERSE INTERPRETATION OF OTHER
AGREEMENTS. 
 Neither the Indenture nor the Notes may be used to interpret any other indenture, note,
loan or debt agreement of the Company or its Subsidiaries or of any other Person, and no such indenture, note, loan or debt agreement may be used to interpret the Indenture or the Notes. 

Section 10.07. SUCCESSORS. 

All agreements of the Company in the Indenture and the Notes will bind its successors. All agreements of the Trustee in the
Indenture will bind its successors. 
 Section 10.08. FORCE MAJEURE. 

The Trustee and each Note Agent will not incur any liability for not performing any act or fulfilling any duty, obligation or
responsibility under the Indenture or the Notes by reason of any occurrence beyond its control (including any act or provision of any present or future law or regulation or governmental authority, act of God or war, civil unrest, local or national
disturbance or disaster, act of terrorism or unavailability of the Federal Reserve Bank wire or facsimile or other wire or communication facility). 

Section 10.09. U.S.A. PATRIOT ACT. 

The Company acknowledges that, in accordance with Section 326 of the U.S.A. Patriot Act, the Trustee, like all financial
institutions, 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 Company agrees to provide the Trustee with such information as it may request to enable the Trustee to comply with the U.S.A. Patriot Act. 

  
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 Section 10.10. CALCULATIONS. 

Except as otherwise provided in the Indenture, the Company will be responsible for making all calculations called for under the
Indenture or the Notes, including determinations of the Last Reported Sale Price, the Daily Cash Amount, the Daily Share Amount, accrued interest on the Notes and the Conversion Rate. 

The Company will make all calculations in good faith, and, absent manifest error, its calculations will be final and binding
on all Holders. The Company will provide a schedule of its calculations to the Trustee and the Conversion Agent, and each of the Trustee and the Conversion Agent may rely conclusively on the accuracy of the Company’s calculations without
independent verification. The Trustee will promptly forward a copy of each such schedule to a Holder upon its written request therefor. 

Section 10.11. SEVERABILITY. 

If any provision of the Indenture or the Notes is invalid, illegal or unenforceable, then the validity, legality and
enforceability of the remaining provisions of the Indenture or the Notes will not in any way be affected or impaired thereby. 
 Section 10.12.
COUNTERPARTS. 
 The parties may sign any number of copies of this Supplemental Indenture. Each signed
copy will be an original, and all of them together represent the same agreement. Delivery of an executed counterpart of this Supplemental Indenture by facsimile, electronically in portable document format or in any other format will be effective as
delivery of a manually executed counterpart. 
 Section 10.13. TABLE OF CONTENTS,
HEADINGS, ETC. 
 The table of contents and the headings of the Articles and Sections of
this Supplemental Indenture have been inserted for convenience of reference only, are not to be considered a part of the Indenture and will in no way modify or restrict any of the terms or provisions of the Indenture. 

Section 10.14. TAXES MATTERS.* 

Each Holder of a Note agrees that, in the event that it is deemed to have received a distribution that is subject to U.S.
federal income tax as a result of an adjustment or the non-occurrence of an adjustment to the Conversion Rate, any resulting withholding taxes (including backup withholding) may be withheld from interest and
payments upon conversion, repurchase, redemption, or maturity of the Notes. In addition, each Holder of a Note agrees that if any withholding taxes (including backup withholding) are paid on behalf of such Holder, then those withholding taxes may be
set off against payments of cash or the delivery of other Conversion Consideration, if any, in respect of the Notes (or, in some circumstances, any payments on the 

	 	 

 

	*	 NTD: Subject to Cooley tax confirmation. 

  
 - 65 - 

 
Common Stock) or sales proceeds received by, or other funds or assets of, such Holder. 

[The Remainder of This Page Intentionally Left Blank; Signature Page Follows] 

  
 - 66 - 

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

			
	 RETROPHIN, INC.

		
	 By:
	 	 /s/ Laura Clague

	 Name:
	 	 Laura Clague

	 Title:
	 	 Chief Financial Officer

 [Signature Page to Supplemental Indenture] 

 
			
	 U.S. BANK NATIONAL ASSOCIATION

		
	 By:
	 	 /s/ David Ferrell

	 Name:
	 	 David Ferrell

	 Title:
	 	 Vice President

 [Signature Page to Supplemental Indenture] 

 EXHIBIT A 

FORM OF NOTE 
 [Insert
Global Note Legend, if applicable] 

  
 A-1 

 RETROPHIN, INC. 

2.50% Convertible Senior Notes due 2025 
  

					
	 CUSIP No.:
	 	 [            ]
	 	Certificate No. [            ]
	 ISIN No.:
	 	 [            ]
	 	

 Retrophin, Inc., a Delaware corporation, for value received, promises to pay to
[Cede & Co.], or its registered assigns, the principal sum of [            ] dollars ($[            ]) [(as revised by
the attached Schedule of Exchanges of Interests in the Global Note)]* on September 15, 2025 and to pay interest thereon, as provided in the Indenture referred to below, until the principal and all accrued and unpaid interest are paid or duly
provided for. 
 Interest Payment Dates:         March 15 and September 15 of each year,
commencing on [            ]. 
 Regular Record Dates:
          March 1 and September 1. 
 Additional provisions of this Note are set
forth on the other side of this Note. 
 [The Remainder of This Page Intentionally Left Blank; Signature Page Follows] 

 

	*	 Insert bracketed language for Global Notes only. 

  
 A-2 

 IN WITNESS WHEREOF, Retrophin, Inc. has caused this instrument to be
duly executed as of the date set forth below. 
  

									
		 		 		 	 RETROPHIN, INC.

					
	 Date:
	 	  
	 		 	 By:
	 	  

		 		 		 		 	 Name:

		 		 		 		 	 Title:

  
 A-3 

 TRUSTEE’S CERTIFICATE OF AUTHENTICATION 

U.S. Bank National Association, as Trustee, certifies that this is one of the Notes referred to in the within-mentioned Indenture. 

 

									
	 Date:
	 	  
	 		 	 By:
	 	  

		 		 		 		 	Authorized Signatory

  
 A-4 

 RETROPHIN, INC. 

2.50% Convertible Senior Notes due 2025 

This Note is one of a duly authorized issue of notes of Retrophin, Inc., a Delaware corporation (the
“Company”), designated as its 2.50% Convertible Senior Notes due 2025 (the “Notes”), all issued or to be issued pursuant to an indenture (the “Base Indenture”), dated as of September 10, 2018,
between the Company and U.S. Bank National Association, as trustee, as supplemented by a Supplemental Indenture (the “Supplemental Indenture,” and, such Base Indenture, as supplemented by the Supplemental Indenture, and as the same
may be further amended from time to time with respect to the Notes, the “Indenture”), dated as of September 10, 2018, between the Company and U.S. Bank National Association, as trustee. Capitalized terms used in this Note
without definition have the respective meanings ascribed to them in the Indenture. 
 The Indenture sets forth the rights
and obligations of the Company, the Trustee and the Holders and the terms of the Notes. Notwithstanding anything to the contrary in this Note, to the extent that any provision of this Note conflicts with the provisions of the Indenture, the
provisions of the Indenture will control. 
 1. Interest. This Note will accrue interest at a rate and in the manner
set forth in Section 2.04 of the Supplemental Indenture. Stated Interest on this Note will begin to accrue from, and including, [date]. 

2. Maturity. This Note will mature on September 15, 2025, unless earlier repurchased, redeemed or converted. 

3. Method of Payment. Cash amounts due on this Note will be paid in the manner set forth in Section 2.03 of the
Supplemental Indenture. 
 4. Persons Deemed Owners. The Holder of this Note will be treated as the owner of this Note
for all purposes. 
 5. Denominations; Transfers and Exchanges. All Notes will be in registered form, without coupons,
in principal amounts equal to any Authorized Denominations. Subject to the terms of the Indenture, the Holder of this Note may transfer or exchange this Note by presenting it to the Registrar and delivering any required documentation or other
materials. 
 6. Right of Holders to Require the Company to Repurchase Notes upon a Fundamental Change. If a
Fundamental Change occurs, then each Holder will have the right to require the Company to repurchase such Holder’s Notes (or any portion thereof in an Authorized Denomination) for cash in the manner, and subject to the terms, set forth in
Section 4.02 of the Supplemental Indenture. 
 7. Right of the Company to Redeem the Notes. The Company will have
the right to redeem the Notes for cash in the manner, and subject to the terms, set forth in Section 4.03 of 

  
 A-5 

 
the Supplemental Indenture. 
 8. Conversion. The Holder of this
Note may convert this Note into Conversion Consideration in the manner, and subject to the terms, set forth in Article 5 of the Supplemental Indenture. 

9. When the Company May Merge, Etc. Article 6 of the Supplemental Indenture places limited restrictions on the
Company’s ability to be a party to a Business Combination Event. 
 10. Defaults and Remedies. If an Event of
Default occurs, then the principal amount of, and all accrued and unpaid interest on, all of the Notes then outstanding may (and, in certain circumstances, will automatically) become due and payable in the manner, and subject to the terms, set forth
in Article 7 of the Supplemental Indenture. 
 11. Amendments, Supplements and Waivers. The Company and the Trustee
may amend or supplement the Indenture or the Notes or waive compliance with any provision of the Indenture or the Notes in the manner, and subject to the terms, set forth in Article 8 of the Supplemental Indenture. 

12. No Personal Liability of Directors, Officers, Employees and Stockholders. No past, present or future director,
officer, employee, incorporator or stockholder of the Company, as such, will have any liability for any obligations of the Company under the Indenture or the Notes or for any claim based on, in respect of, or by reason of, such obligations or their
creation. By accepting any Note, each Holder waives and releases all such liability. Such waiver and release are part of the consideration for the issuance of the Notes. 

13. Authentication. No Note will be valid until it is authenticated by the Trustee. A Note will be deemed to be duly
authenticated only when an authorized signatory of the Trustee (or a duly appointed authenticating agent) manually signs the certificate of authentication of such Note. 

14. Abbreviations. Customary abbreviations may be used in the name of a Holder or its assignee, such as TEN COM (tenants
in common), TEN ENT (tenants by the entireties), JT TEN (joint tenants with right of survivorship and not as tenants in common), CUST (custodian), and U/G/M/A (Uniform Gift to Minors Act). 

15. Governing Law. THIS NOTE, AND ANY CLAIM, CONTROVERSY OR DISPUTE ARISING UNDER OR RELATED TO THIS NOTE, WILL BE
GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK. 
 * * * 

  
 A-6 

 To request a copy of the Indenture, which the Company will provide to any
Holder at no charge, please send a written request to the following address: 
 Retrophin, Inc. 

3721 Valley Centre Drive, Suite 200 

San Diego, CA 92130 
 Attention:
Chief Financial Officer 

  
 A-7 

 CONVERSION NOTICE 

RETROPHIN, INC. 
 2.50%
Convertible Senior Notes due 2025 
 Subject to the terms of the Indenture, by executing and delivering this Conversion Notice, the
undersigned Holder of the Note identified below directs the Company to convert (check one): 
  

	☐	 the entire principal amount of 

 

	☐	 $            * aggregate principal amount of

 the Note identified by CUSIP No.              and
Certificate No.             . 
 The undersigned acknowledges that if the
Conversion Date of a Note to be converted is after a Regular Record Date and before the next Interest Payment Date, then such Note, when surrendered for conversion, must, in certain circumstances, be accompanied with an amount of cash equal to the
interest that would have accrued on such Note to, but excluding, such Interest Payment Date. 
  

									
	 Date:
	  	  
	  		  	  

		  		  		  	(Legal Name of Holder)
					
		  		  		  	 By:
	  	  

		  		  		  		  	 Name:

		  		  		  		  	 Title:

				
		  		  		  	 Signature Guaranteed:

				
		  		  		  	  

		  		  		  	Participant in a Recognized Signature
		  		  		  	Guarantee Medallion Program
					
		  		  		  	 By:
	  	  

		  		  		  	Authorized Signatory

  

	*	 Must be an Authorized Denomination. 

  
 A-8 

 FUNDAMENTAL CHANGE REPURCHASE NOTICE 

RETROPHIN, INC. 
 2.50%
Convertible Senior Notes due 2025 
 Subject to the terms of the Indenture, by executing and delivering this Fundamental Change Repurchase
Notice, the undersigned Holder of the Note identified below is exercising its Fundamental Change Repurchase Right with respect to (check one): 
  

	☐	 the entire principal amount of 

 

	☐	 $            * aggregate principal amount of

 the Note identified by CUSIP No.              and
Certificate No.             . 
 The undersigned acknowledges that this
Note, duly endorsed for transfer, must be delivered to the Paying Agent before the Fundamental Change Repurchase Price will be paid. 
  

									
	 Date:
	  	  
	  		  	  

		  		  		  	(Legal Name of Holder)
					
		  		  		  	 By:
	  	  

		  		  		  		  	 Name:

		  		  		  		  	 Title:

				
		  		  		  	 Signature Guaranteed:

				
		  		  		  	  

		  		  		  	Participant in a Recognized Signature
		  		  		  	Guarantee Medallion Program
					
		  		  		  	 By:
	  	  

		  		  		  	Authorized Signatory

  

	*	 Must be an Authorized Denomination. 

  
 A-9 

 ASSIGNMENT FORM 

RETROPHIN, INC. 
 2.50%
Convertible Senior Notes due 2025 
 Subject to the terms of the Indenture, the undersigned Holder of the within Note assigns to: 

 

							
	 Name:
	 		 	  
	 	
	 Address:
	 		 	  
	 	
		 		 	  
	 	
		 		 	  
	 	
	 Social security or tax identification number:
	 		 	  
	 	

 the within Note and all rights thereunder irrevocably appoints: 

 

                       
                                         
                                 

as agent to transfer the within Note on the books of the Company. The agent may substitute another to act for him/her. 

 

									
	 Date:
	  	  
	  		  	  

		  		  		  	(Legal Name of Holder)
					
		  		  		  	 By:
	  	  

		  		  		  		  	 Name:

		  		  		  		  	 Title:

				
		  		  		  	 Signature Guaranteed:

				
		  		  		  	  

		  		  		  	Participant in a Recognized Signature
		  		  		  	Guarantee Medallion Program
					
		  		  		  	 By:
	  	  

		  		  		  	Authorized Signatory

  
 A-10 

 SCHEDULE OF EXCHANGES OF INTERESTS IN THE GLOBAL NOTE* 

INITIAL PRINCIPAL AMOUNT OF THIS GLOBAL NOTE: $[            ] 

The following exchanges, transfers or cancellations of this Global Note have been made: 

 

							
	 Date
	 	 Amount of Increase

(Decrease) in
 Principal
Amount of
 this Global Note
	 	 Principal Amount of

this Global Note
 After Such
Increase
 (Decrease)
	  	 Signature of

Authorized
 Signatory of
Trustee

		 		 		  	
		 		 		  	

  
  

	*	 Insert for Global Notes only. 

  
 A-11 

 EXHIBIT B-1 

FORM OF GLOBAL NOTE LEGEND 

THIS IS A GLOBAL NOTE WITHIN THE MEANING OF THE INDENTURE HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME OF THE DEPOSITARY OR A NOMINEE
OF THE DEPOSITARY, WHICH MAY BE TREATED BY THE COMPANY, THE TRUSTEE AND ANY AGENT THEREOF AS THE OWNER AND HOLDER OF THIS NOTE FOR ALL PURPOSES. 

UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY (“DTC”) TO THE COMPANY OR ITS
AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT HEREON IS MADE TO
CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF THE DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL SINCE THE REGISTERED OWNER HEREOF,
CEDE & CO., HAS AN INTEREST HEREIN. 
 TRANSFERS OF THIS GLOBAL NOTE WILL BE LIMITED TO TRANSFERS IN WHOLE, BUT NOT IN PART, TO
NOMINEES OF DTC, OR TO A SUCCESSOR THEREOF OR SUCH SUCCESSOR’S NOMINEE, AND TRANSFERS OF PORTIONS OF THIS GLOBAL NOTE WILL BE LIMITED TO TRANSFERS MADE IN ACCORDANCE WITH THE RESTRICTIONS SET FORTH IN THE INDENTURE HEREINAFTER REFERRED TO. 

  
 B2-1EX-4.2

 Exhibit 4.2 

CONIFER HOLDINGS, INC. 

AND 
 WILMINGTON TRUST,
NATIONAL ASSOCIATION, 
 as TRUSTEE 
  

 
 INDENTURE

 Dated as of     , 2018 
  

 

 CROSS REFERENCE SHEET 

Between 
 Provisions of Sections 310
through 318(a) inclusive of the Trust Indenture Act of 1939 and the Indenture dated as of, between Conifer Holdings, Inc., as issuer, and Wilmington Trust, National Association, as trustee. 

 

					
	 	 	Section of Act	 	Section of Indenture
			
		 	310(a)(1) and (2)	 	8.09
	    	 	310(a)(3), (4) and (5)	 	*
		 	310(b)	 	8.08 and 8.10
		 	310(c)	 	*
		 	311(a)	 	8.13
		 	311(b)	 	8.13
		 	311(c)	 	*
		 	312(a)	 	6.01 and 6.02
		 	312(b)	 	6.02(a)
		 	312(c)	 	6.02(b)
		 	313(a)(1), (2), (3), (4), (6) and (7)	 	6.04(a)
		 	313(a)(5)	 	*
		 	313(b)(1)	 	*
		 	313(b)(2)	 	6.04(a)
		 	313(c)	 	6.04(a)
		 	313(d)	 	6.04(b)
		 	314(a)(1)	 	6.03
		 	314(a)(2)	 	6.03
		 	314(a)(3)	 	6.03
		 	314(b)	 	*
		 	314(c)(1)	 	5.06 and 15.05
		 	314(c)(2)	 	15.05
		 	314(c)(3)	 	*
		 	314(d)	 	*
		 	314(e)	 	15.05
		 	314(f)	 	*
		 	315(a), (c) and (d)	 	8.01
		 	315(b)	 	7.08
		 	315(e)	 	7.09
		 	316(a)(1)	 	7.07
		 	316(a)(2)	 	*
		 	316(a) last para.	 	9.03
		 	316(b)	 	7.10
		 	317(a)	 	7.02
		 	317(b)	 	5.05
		 	318(a)	 	15.07

  

	*	 Not Applicable. 

This cross reference sheet shall not, for any purpose, be considered part of the Indenture. 

 TABLE OF CONTENTS 

 

							
	 	    	 	  	Page	 
		
	 ARTICLE 1 DEFINITIONS
	  	 	1	 
			
	 Section 1.01
	    	Definitions	  	 	1	 
		
	 ARTICLE 2 FORMS OF NOTES
	  	 	7	 
			
	 Section 2.01
	    	Forms Generally	  	 	7	 
	 Section 2.02
	    	Forms of Notes	  	 	7	 
	 Section 2.03
	    	Form of Trustee’s Certificate of Authentication	  	 	8	 
	 Section 2.04
	    	Notes in Global Form	  	 	8	 
		
	 ARTICLE 3 THE NOTES
	  	 	10	 
			
	 Section 3.01
	    	Title and Terms	  	 	10	 
	 Section 3.02
	    	Denominations	  	 	12	 
	 Section 3.03
	    	Payment of Principal and Interest	  	 	12	 
	 Section 3.04
	    	Execution of Notes	  	 	12	 
	 Section 3.05
	    	Temporary Notes	  	 	14	 
	 Section 3.06
	    	Exchange and Registration of Transfer of Notes	  	 	14	 
	 Section 3.07
	    	Mutilated. Destroyed. Lost or Stolen Notes	  	 	15	 
	 Section 3.08
	    	Payment of Interest; Interest Rights Preserved	  	 	16	 
	 Section 3.09
	    	Persons Deemed Owners	  	 	17	 
	 Section 3.10
	    	Cancellation of Notes Paid	  	 	17	 
	 Section 3.11
	    	Currency and Manner of Payments	  	 	18	 
	 Section 3.12
	    	CUSIP Numbers	  	 	19	 
		
	 ARTICLE 4 REDEMPTION OF NOTES
	  	 	19	 
			
	 Section 4.01
	    	Applicability of Article	  	 	19	 
	 Section 4.02
	    	Notice of Redemption; Selection of Notes	  	 	20	 
	 Section 4.03
	    	Payment of Notes Called for Redemption	  	 	21	 
	 Section 4.04
	    	Exclusion of Certain Notes from Eligibility for Selection for Redemption	  	 	22	 
	 Section 4.05
	    	Provisions with Respect to any Sinking Funds	  	 	22	 
		
	 ARTICLE 5 PARTICULAR COVENANTS OF THE COMPANY
	  	 	23	 
			
	 Section 5.01
	    	Payment of Principal, Premium and Interest	  	 	23	 
	 Section 5.02
	    	Offices for Notices and Payments	  	 	23	 
	 Section 5.03
	    	Appointments to Fill Vacancies in Trustee’s Office	  	 	24	 
	 Section 5.04
	    	Provisions as to Paying Agent	  	 	24	 
	 Section 5.05
	    	Certificate to Trustee	  	 	25	 
	 Section 5.06
	    	Waivers of Covenants	  	 	25	 

  
 i 

							
	 ARTICLE 6 HOLDERS’ LISTS AND REPORTS BY THE COMPANY AND THE TRUSTEE
	  	 	26	 
			
	 Section 6.01
	    	Holders’ Lists	  	 	26	 
	 Section 6.02
	    	Preservation and Disclosure of Lists	  	 	26	 
	 Section 6.03
	    	Reports by the Company	  	 	26	 
	 Section 6.04
	    	Reports by the Trustee	  	 	26	 
		
	 ARTICLE 7 REMEDIES OF THE TRUSTEE AND HOLDERS ON EVENT OF DEFAULT
	  	 	27	 
			
	 Section 7.01
	    	Events of Default	  	 	27	 
	 Section 7.02
	    	Payment of Notes Upon Default; Suit Therefor	  	 	29	 
	 Section 7.03
	    	Application of Moneys Collected by Trustee	  	 	31	 
	 Section 7.04
	    	Proceedings by Holders	  	 	32	 
	 Section 7.05
	    	Proceedings by Trustee	  	 	32	 
	 Section 7.06
	    	Remedies Cumulative and Continuing	  	 	32	 
	 Section 7.07
	    	Direction of Proceedings and Waiver of Defaults by Majority of Holders	  	 	33	 
	 Section 7.08
	    	Notice of Defaults	  	 	33	 
	 Section 7.09
	    	Undertaking to Pay Costs	  	 	34	 
	 Section 7.10
	    	Unconditional Right of Holders to Receive Principal, Premium and Interest	  	 	34	 
		
	 ARTICLE 8 CONCERNING THE TRUSTEE
	  	 	34	 
			
	 Section 8.01
	    	Duties and Responsibilities of Trustee.	  	 	34	 
	 Section 8.02
	    	Reliance on Documents, Opinions	  	 	35	 
	 Section 8.03
	    	No Responsibility for Recitals	  	 	37	 
	 Section 8.04
	    	Trustee and Agents May Own Notes	  	 	37	 
	 Section 8.05
	    	Moneys to be Held in Trust	  	 	37	 
	 Section 8.06
	    	Compensation and Expenses of Trustee	  	 	37	 
	 Section 8.07
	    	Officer’s Certificate as Evidence	  	 	38	 
	 Section 8.08
	    	Conflicting Interest of Trustee	  	 	38	 
	 Section 8.09
	    	Eligibility of Trustee	  	 	38	 
	 Section 8.10
	    	Resignation or Removal of Trustee	  	 	39	 
	 Section 8.11
	    	Acceptance by Successor Trustee	  	 	40	 
	 Section 8.12
	    	Succession by Merger	  	 	41	 
	 Section 8.13
	    	Limitation on Rights of Trustee as a Creditor	  	 	41	 
	 Section 8.14
	    	Authenticating Agents	  	 	41	 
	 Section 8.15
	    	Trustee’s Application for Instructions from the Company	  	 	44	 
		
	 ARTICLE 9 CONCERNING THE HOLDERS
	  	 	44	 
			
	 Section 9.01
	    	Action by Holders	  	 	44	 
	 Section 9.02
	    	Proof of Execution by Holders	  	 	44	 
	 Section 9.03
	    	Company-Owned Notes Disregarded	  	 	45	 
	 Section 9.04
	    	Revocation of Consents; Future Holders Bound	  	 	45	 

  
 ii 

							
		
	 ARTICLE 10 HOLDERS’ MEETINGS
	  	 	45	 
			
	 Section 10.01
	    	Purposes of Meetings	  	 	45	 
	 Section 10.02
	    	Call of Meetings by Trustee	  	 	46	 
	 Section 10.03
	    	Call of Meetings by Company or Holders	  	 	46	 
	 Section 10.04
	    	Qualifications for Voting	  	 	46	 
	 Section 10.05
	    	Regulations	  	 	46	 
	 Section 10.06
	    	Voting	  	 	47	 
	 Section 10.07
	    	No Delay of Rights by Meeting	  	 	48	 
		
	 ARTICLE 11 SUPPLEMENTAL INDENTURES
	  	 	48	 
			
	 Section 11.01
	    	Supplemental Indentures without Consent of Holders	  	 	48	 
	 Section 11.02
	    	Supplemental Indentures with Consent of Holders	  	 	49	 
	 Section 11.03
	    	Effect of Supplemental Indentures	  	 	50	 
	 Section 11.04
	    	Notation on Notes	  	 	51	 
	 Section 11.05
	    	Evidence of Compliance of Supplemental Indenture to be Furnished Trustee	  	 	51	 
		
	 ARTICLE 12 CONSOLIDATION, MERGER, SALE AND CONVEYANCE
	  	 	51	 
			
	 Section 12.01
	    	Company May Consolidate on Certain Terms	  	 	51	 
	 Section 12.02
	    	Successor Entity to be Substituted	  	 	51	 
	 Section 12.03
	    	Opinion of Counsel to Be Given to the Trustee	  	 	52	 
		
	 ARTICLE 13 SATISFACTION, DISCHARGE AND DEFEASANCE OF INDENTURE
	  	 	52	 
			
	 Section 13.01
	    	Satisfaction, Discharge and Legal Defeasance of Notes of any Series	  	 	52	 
	 Section 13.02
	    	Covenant Defeasance of Notes of any Series	  	 	53	 
	 Section 13.03
	    	Application of Trust Funds; Indemnification	  	 	55	 
	 Section 13.05
	    	Return of Unclaimed Moneys	  	 	55	 
	 Section 13.06
	    	Reinstatement	  	 	56	 
		
	 ARTICLE 14 IMMUNITY OF INCORPORATORS, STOCKHOLDERS, OFFICERS AND DIRECTORS
	  	 	56	 
			
	 Section 14.01
	    	Indenture and Notes Solely Obligations of the Company	  	 	56	 
		
	 ARTICLE 15 MISCELLANEOUS PROVISIONS
	  	 	56	 
			
	 Section 15.01
	    	Provisions Binding on Successors of the Company	  	 	56	 
	 Section 15.02
	    	Indenture for Sole Benefit of Parties and Holders of Notes	  	 	57	 
	 Section 15.03
	    	Addresses for Notices	  	 	57	 
	 Section 15.04
	    	Contract; Waiver of Trial by Jury	  	 	58	 
	 Section 15.05
	    	Evidence of Compliance with Conditions Precedent	  	 	58	 

  
 iii 

							
	 Section 15.06
	    	Legal Holidays	  	 	58	 
	 Section 15.07
	    	Trust Indenture Act of 1939 to Control	  	 	59	 
	 Section 15.08
	    	Table of Contents. Headings	  	 	59	 
	 Section 15.09
	    	Determination of Principal Amount	  	 	59	 
	 Section 15.10
	    	Execution in Counterparts	  	 	59	 

  
 iv 

 THIS INDENTURE, dated as of     , 2018, between Conifer Holdings,
Inc., a Michigan corporation (the “Company”), and Wilmington Trust, National Association, as trustee (the “Trustee”). 

RECITALS OF THE COMPANY 

The Company has duly authorized the execution and delivery of this Indenture to provide for the issue of (i) the Company’s
    % Senior Unsecured Notes due      to be issued in one or more series as in this Indenture provided, up to such principal amount or amounts as may from time to time be authorized in or pursuant to
one or more resolutions of the Board of Directors (the “Initial Notes”), (ii) if and when issued, Additional Notes, and (iii) any other unsecured debentures, notes, bonds or other evidences of indebtedness to be issued in one
or more series as in this Indenture provided, up to such principal amount or amounts as may from time to time be authorized in or pursuant to one or more resolutions of the Board of Directors (collectively, with the Initial Notes and Additional
Notes, the “Notes”). 
 All things necessary to make this Indenture a valid agreement of the Company, in accordance with
its terms, have been done. 
 NOW, THEREFORE, THIS INDENTURE WITNESSETH: 

For and in consideration of the premises and the purchase or acceptance of the Notes by the Holders thereof, it is mutually covenanted and
agreed, for the equal and proportionate benefit of the respective Holders from time to time of the Notes or of any series thereof 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 which are defined in
the Trust Indenture Act of 1939 or which are by reference therein defined in the Securities Act shall have (except as herein otherwise expressly provided or unless the context otherwise requires) the meanings assigned to such terms in said Trust
Indenture Act of 1939 and in the Securities Act as in force at the date of the execution of this Indenture. All accounting terms not otherwise defined herein have the meanings assigned to them in accordance with generally accepted accounting
principles and, except as otherwise herein expressly provided, the term “generally accepted accounting principles” with respect to any computation required or permitted hereunder shall mean such accounting principles as are generally
accepted in the United States for domestic companies at the date of such computation. All references to such terms herein shall be both to the singular or the plural, as the context so requires. Unless the context otherwise requires, any reference
to an “Article” or a “Section” refers to an Article or Section, as the case may be, of this Indenture. The words “herein,” “hereof” and “hereunder” and other words
of similar import refer to this Indenture as a whole and not to any particular Article, Section or other subdivision. The words “including,” “includes” and “include” shall be deemed to be followed
by the words “without limitation.” 

 (a) The term “Act” has the meaning set forth in Section 9.01. 

(b) The term “Additional Notes” means any notes issued under the Indenture in addition to the Initial Notes, having the same
terms in all respects as the Initial Notes, or in all respects except with respect to issue date and interest paid or payable on or prior to the first interest payment date after the issuance of such Additional Notes. 

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

(d) The term “Authenticating Agent” means the agent of the Trustee, if any, which at the time shall be appointed and acting
pursuant to Section 8.14. 
 (e) The term “Board of Directors” means the Board of Directors of the Company or any
authorized committee of such Board designated by the Board of Directors, Articles of Incorporation or Bylaws of the Company to act for such Board for purposes of this Indenture. 

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

(g) The term “Business Day”, when used with respect to any Place of Payment or any other particular location, means each
Monday, Tuesday, Wednesday, Thursday and Friday that is not a day on which banking institutions or trust companies in that Place of Payment or other location are authorized or obligated by law, regulation or executive order to close. 

(h) The term “Commission” means the U.S. Securities and Exchange Commission. 

(i) The term “Company” means the party named as the “Company” in the first paragraph of this Indenture until a
successor replaces it pursuant to the applicable provisions of this Indenture and, thereafter, shall mean such successor. The foregoing sentence shall likewise apply to any subsequent successor or successors. 

(j) The terms “Company Request” and “Company Order” mean, respectively, a written request or order signed in
the name of the Company by its Chairman of the Board, Vice Chairman of the Board, Chief Executive Officer, President, Chief Operating Officer, Chief Financial Officer, Vice President, Treasurer, Secretary, Assistant Secretary or Assistant Treasurer,
and delivered to the Trustee. 

  
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 (k) The term “Conversion Date” has the meaning set forth in
Section 3.11. 
 (l) The term “Corporate Trust Office” means the designated office of the Trustee at which, at any
particular time, its corporate trust business shall be administered, which office at the date hereof is located at 1100 North Market Street, Wilmington, DE 19890 Attention: Conifer Holdings, Inc. Administrator, or such other address as the Trustee
may designate from time to time by notice to the Company, or the principal corporate trust office of any successor Trustee (or such other address as such successor Trustee may designate from time to time by notice to the Company). 

(m) The term “Currency Determination Agent” means the financial institution, if any, from time to time selected by the
Company for purposes of Section 3.11. 
 (n) The term “Depository” means, unless otherwise specified by the Company
pursuant to Section 3.01, with respect to Notes of any series issuable or issued as a Global Note, The Depository Trust Company, New York, New York, or any successor thereto registered as a clearing agency pursuant to the provisions of
Section 17A of the Securities Exchange Act of 1934, as amended, or other applicable statute or regulation. 
 (o) The term
“Dollar” means the coin or currency of the United States of America which as of the time of payment is legal tender for the payment of public and private debts. 

(p) The term “Dollar Equivalent of the Foreign Currency” has the meaning set forth in Section 3.11. 

(q) The term “Event of Default” has the meaning set forth in Section 7.01. 

(r) The term “Exchange Act” means the Securities Exchange Act of 1934, as amended. 

(s) The term “Foreign Currency” means a currency issued by the government of any country other than the United States of
America. 
 (t) The term “Global Note” means a Note issued in global form pursuant to Section 2.04 hereof to evidence
all or part of a series of Note. 
 (u) The term “Government Obligations” means securities which are (i) direct
obligations of the government that issued the currency in which the Notes of a series are denominated or (ii) obligations of a Person controlled or supervised by and acting as an agency or instrumentality of the government that issued the
currency in which the Notes of such series are denominated, the payment of which obligations is unconditionally guaranteed by such government, and which, in either case, are full faith and credit obligations of such government, are denominated in
the currency in which the Notes of such series are denominated and which are not callable or redeemable at the option of the issuer thereof. 

  
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 (v) The term “Holder” means any Person in whose name a Note of any series
is registered in the Note Register applicable to Notes of such series. 
 (w) The term “Indenture” means this instrument as
originally executed and delivered or, if amended or supplemented as herein provided pursuant to the applicable provisions hereof, as so amended or supplemented. 

(x) The term “Indexed Note” means a Note, the terms of which provide that the principal amount thereof payable at Stated
Maturity may be more or less than the principal face amount thereof at original issuance. 
 (y) The term “interest”, when
used with respect to an Original Issue Discount Note that by its terms bears interest only after maturity, means interest payable after maturity. 

(z) The term “Interest Payment Date”, when used with respect to any series of Notes, means the Stated Maturity of an
installment of interest on such Notes. 
 (aa) The term “Market Exchange Rate” has the meaning set forth in
Section 3.11. 
 (bb) The term “Material Subsidiary” means a direct or indirect subsidiary of Conifer that is an
insurance company with statutory surplus of at least $10,000,000 for the most recently completed fiscal quarter. 
 (cc) The terms
“Note” or “Notes” has the meaning set forth in the Recitals of the Company. 
 (dd) The term “Note
Register” has the meaning set forth in Section 3.06. 
 (ee) The term “Note Registrar” has the meaning set
forth in Section 3.06. 
 (ff) The term “Officer’s Certificate”, when used with respect to the Company, means a
certificate signed by its Chairman of the Board, Vice Chairman of the Board, Chief Executive Officer, President, Chief Operating Officer, Chief Financial Officer, Treasurer or Secretary, or any Vice President, Assistant Secretary or Assistant
Treasurer of the Company, and delivered to the Trustee. Each such certificate shall include the statements provided for in Section 15.05 to the extent required by the provisions of such Section. 

(gg) The term “Opinion of Counsel” means an opinion in writing signed by legal counsel who may be an employee of or counsel
to the Company and who shall be reasonably acceptable to the Trustee. Each such opinion shall include the statements provided for in Sections 3.04, 11.05, 12.03, 13.01, 13.02 and 15.05 to the extent required by the provisions of such Sections. 

(hh) The term “Original Issue Discount Note” means any Note which provides for an amount less than the principal amount
thereof to be due and payable upon a declaration of acceleration of the maturity thereof pursuant to Section 7.01. 

  
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 (ii) The term “Outstanding”, when used with respect to Notes of any series
means, as of the date of determination, all such Notes theretofore authenticated and delivered under this Indenture, except: 
 (1) such
Notes theretofore cancelled by the Trustee or delivered to the Trustee for cancellation; 
 (2) such Notes for whose payment or redemption
money in the necessary amount and in the specified currency has been theretofore deposited with the Trustee or any paying agent (other than the Company) in trust or set aside and segregated in trust by the Company (if the Company shall act as its
own paying agent) for the Holders of such Notes, provided, however, that if such Notes are to be redeemed, notice of such redemption has been duly given pursuant to this Indenture or provision therefor satisfactory to the Trustee has been made; 

(3) such Notes that have been paid pursuant to Section 3.07 or such Notes in exchange for or in lieu of which other such Notes have been
authenticated and delivered pursuant to this Indenture, unless proof satisfactory to the Trustee is presented that any such Notes are held by Persons in whose hands any of such Notes are a legal, valid and binding obligation of the Company, and such
Notes the indebtedness in respect to which has been discharged in accordance with Section 13.01 provided, however, that in determining whether the Holders of the requisite principal amount of such Outstanding Notes have given any
request, demand, authorization, direction, notice, consent or waiver hereunder, such Notes owned by the Company or any other obligor upon such Notes or any Affiliate of the Company or such other obligor (except in the case in which the Company or
such other obligor or Affiliate owns all Notes Outstanding under the Indenture, or all Notes of each such series, as the case may be, without regard to this proviso) shall be disregarded and deemed not to be Outstanding in the manner set forth in
Section 9.03, provided, however, that for the purposes of determining whether the Trustee shall be protected in relying on any such request, demand, authorization, direction, notice, consent, or waiver only such Notes which a Responsible
Officer of the Trustee actually knows are so owned shall be so disregarded. 
 (jj) The term “Person” means any individual,
corporation, partnership, joint venture, association, joint-stock company, limited liability company, trust, unincorporated organization or government or any agency or political subdivision thereof. 

(kk) The term “Place of Payment”, when used with respect to the Notes of any series, means the place or places where the
principal of (premium, if any) and interest on the Notes of that series are payable as specified in accordance with Section 3.01. 

(ll) The term “Predecessor Note” of any particular Note means every previous Note evidencing all or a portion of the same
debt as that evidenced by such particular Note, and for the purposes of this definition, any Note authenticated and delivered under Section 3.07 in lieu of a mutilated, lost, destroyed or stolen Note shall be deemed to evidence the same debt as
the mutilated, lost, destroyed or stolen Note. 

  
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 (mm) The term “Redemption Date”, when used with respect to any Note to be
redeemed, means the date fixed for such redemption by or pursuant to this Indenture. 
 (nn) The term “Redemption Price”,
when used with respect to any Note to be redeemed, means the price specified in such Note at which it is to be redeemed pursuant to this Indenture. 

(oo) The term “Registration Statement” means that certain Form S-1 Registration
Statement of the Company filed with the Securities and Exchange Commission with respect to the Initial Notes, as amended from time to time, and any successor registration statement on any applicable form. 

(pp) The term “Regular Record Date” for the interest payable on any Note on any Interest Payment Date means the date
specified in such Note as the “Regular Record Date” as contemplated by Section 3.01, whether or not a Business Day. 
 (qq)
The term “Responsible Officer”, when used with respect to the Trustee, means any officer of the Trustee assigned to the corporate trust administration unit (or any successor division or unit) of the Trustee located at the Corporate
Trust Office of the Trustee, who shall have direct responsibility for the administration of this Indenture and, for the purposes of Section 7.07, Section 7.08 and Section 8.01(c)(2), shall also include any other officer of the Trustee
to whom any corporate trust matter relating to this Indenture is referred because of such officer’s knowledge of and familiarity with the particular subject. 

(rr) The term “Responsible Officer”, when used with respect to the Company, means the Chairman of the Board, Vice Chairman of
the Board, Chief Executive Officer, President, Chief Operating Officer, Chief Financial Officer, Treasurer, or Secretary, or any Vice President, Assistant Secretary or Assistant Treasurer, in each case, of the Company. 

(ss) The term “Securities Act” means the Securities Act of 1933, as amended. 

(tt) The term “Special Record Date” for the payment of any Defaulted Interest (as defined in Section 3.08) means
a date fixed by the Company pursuant to Section 3.08. 
 (uu) The term “Stated Maturity” when used with respect to any
Note or any installment of principal thereof or of interest thereon, means the date specified in such Note as the fixed date on which the principal of such Note, or such installment of interest, is due and payable, including, without limitation, the
“Final Stated Maturity” as defined in any supplemental indenture. 
 (vv) The term “Subsidiary” means any Person
of which the Company, or the Company and one or more Subsidiaries, or any one or more Subsidiaries, directly or indirectly own more than 50% of the Voting Stock. 

(ww) The term “Trustee” means the party named as the “Trustee” in the first paragraph of this Indenture until a
successor replaces it pursuant to the applicable provisions of this Indenture and thereafter “Trustee” shall mean or include each Person who is then a Trustee hereunder, and if at any time there is more than one such Person,
“Trustee” as used with respect to the Notes of any series shall mean the Trustee with respect to the Notes of that series. 

  
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 (xx) The term “Trust Indenture Act of 1939” means the Trust Indenture Act
of 1939, as amended, as in force at the date as of which this Indenture was executed provided, however, that in the event the Trust Indenture Act of 1939 is amended after such date, “Trust Indenture Act of 1939” means to the extent
required by any such amendment the Trust Indenture Act of 1939 as so amended. 
 (yy) The term “Voting Stock” means
outstanding shares of capital stock or similar equity interests having under ordinary circumstances voting power for the election of directors, managers or the substantial equivalent thereof, whether at all times or only so long as no senior class
of stock or similar equity interest has such voting power by reason of the happening of any contingency. 
 ARTICLE 2 

FORMS OF NOTES 

Section 2.01 Forms Generally. The Notes of each series and the certificates of authentication thereon shall have such appropriate
insertions, omissions, substitutions and other variations as are required or permitted by this Indenture (the provisions of which shall be appropriate to reflect the terms of each series of Notes, including the currency or denomination, which may be
Dollars or Foreign Currency), and may have such letters, numbers or other marks of identification and such legends or endorsements placed thereon, as may be required to comply with the rules of any securities exchange, or as may, consistently
herewith, be determined by the officers executing such Notes, as evidenced by their signing of such Notes. Any portion of the text of any Note may be set forth on the reverse thereof, with an appropriate reference thereto on the face of the Note.

 Section 2.02 Forms of Notes. The Notes of each series shall be in such form or forms (including global form) as shall be
established by or pursuant to a Board Resolution or in one or more indentures supplemental hereto. 
 Prior to the delivery of a Note of any
series in any such form to the Trustee for the Notes of such series for authentication, the Company shall deliver to the Trustee the following: 

(a) The Board Resolution or indenture supplemental hereto by or pursuant to which such form of Note has been approved; 

(b) An Officer’s Certificate dated the date such Certificate is delivered to the Trustee stating that all conditions precedent provided
for in this Indenture relating to the authentication and delivery of Notes in such form have been complied with; and 
 (c) The Opinion of
Counsel described in Section 3.04. 
 The definitive Notes shall be printed, lithographed or engraved or produced by any combination of
these methods or may be produced in any other manner, all as determined by the officers executing such Notes, as evidenced by their execution thereof. 

  
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 Section 2.03 Form of Trustee’s Certificate of Authentication.
The following is the form of the Certificate of Authentication of the Trustee to be endorsed on all Notes substantially as follows: 
 This
is one of the Notes of the series designated therein issued under the within-mentioned Indenture. 
  

			
	  

	as Trustee
		
	By:	 	  

		 	Authorized Signatory

 Section 2.04 Notes in Global Form. 

(a) If the Company shall establish pursuant to Section 3.01 that the Notes of a particular series are to be issued in whole or in part in
the form of one or more Global Notes, then the Company shall execute and the Trustee or its agent shall, in accordance with Section 3.04 and the Company Order delivered to the Trustee or its agent thereunder, authenticate and deliver such
Global Note or Global Notes, which (i) shall represent, and shall be denominated in an amount equal to the aggregate principal amount of, the Outstanding Notes of such series to be represented by such Global Note or Global Notes, or such
portion thereof as the Company shall specify in a Company Order, (ii) shall be registered in the name of the Depository for such Global Note or Global Notes or its nominee, (iii) shall be delivered by the Trustee or its agent to the
Depository or pursuant to the Depository’s instruction or held by the Trustee as custodian for the Depository and (iv) shall bear a legend substantially to the following effect: “Unless this certificate is presented by an authorized
representative of the Depository to the Company or its agent for registration of transfer, exchange, or payment, and any certificate issued is registered in the name of the nominee of the Depository or in such other name as is requested by an
authorized representative of the Depository (and any payment is made to the nominee of the Depository or to such other entity as is requested by an authorized representative of the Depository), ANY TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE OR
OTHERWISE BY OR TO ANY PERSON IS WRONGFUL inasmuch as the registered owner hereof, the nominee of the Depository, has an interest herein.” 

(b) Notwithstanding any other provision of this Section 2.04 or of Section 3.06, and subject to the provisions of paragraph
(c) below, unless the terms of a Global Note expressly permit such Global Note to be exchanged in whole or in part for individual certificates representing Notes, a Global Note may be transferred, in whole but not in part and in the manner
provided in Section 3.06, only to a nominee of the Depository for such Global Note, or to the Depository, or a successor Depository for such Global Note selected or approved by the Company, or to a nominee of such successor Depository. 

(c) (1) If at any time the Depository for a Global Note notifies the Company that it is unwilling or unable to continue as Depository for such
Global Note or if at any time the Depository for the Global Notes for such series shall no longer be eligible or in good standing under the Exchange Act or other applicable statute or regulation, the Company shall appoint a

  
 8 

 
successor Depository with respect to such Global Note. If a successor Depository for such Global Note is not appointed by the Company within 90 days after the Company receives such notice or
becomes aware of such ineligibility, the Company will execute, and the Trustee or its agent, upon receipt of a Company Request for the authentication and delivery of certificates representing Notes of such series in exchange for such Global Note,
will authenticate and deliver, certificates representing Notes of such series of like tenor and terms in an aggregate principal amount equal to the principal amount of the Global Note in exchange for such Global Note. 

(2) The Company may at any time and in its sole discretion (subject, however, to the procedures of the Depository) determine that the Notes
of any series or portion thereof issued or issuable in the form of one or more Global Notes shall no longer be represented by such Global Note or Global Notes. In such event the Company will execute, and the Trustee, upon receipt of a Company
Request for the authentication and delivery of certificates representing Notes of such series in exchange in whole or in part for such Global Note, will authenticate and deliver certificates representing Notes of such series of like tenor and terms
in definitive form in an aggregate principal amount equal to the principal amount of such Global Note or Global Notes representing such series or portion thereof in exchange for such Global Note or Global Notes. 

(3) If an Event of Default with respect to Notes issued or issuable in the form of a Global Note has occurred and is continuing, the
Depository for such Global Note may surrender such Global Note in exchange in whole or in part for certificates representing Notes of such series of like tenor and terms in definitive form on such terms as are acceptable to the Company and such
Depository. Thereupon, the Company shall execute, and the Trustee or its agent shall authenticate and deliver, without a service charge, (A) to each Person specified by the Depository a certificate or certificates representing Notes of the same
series of like tenor and terms and of any authorized denomination as requested by such Person in an aggregate principal amount equal to and in exchange for such Person’s beneficial interest as specified by the Depository in the Global Note and
(B) to such Depository a new Global Note of like tenor and terms and in an authorized denomination equal to the difference, if any, between the principal amount of the surrendered Global Note and the aggregate principal amount of certificates
representing Notes delivered to Holders thereof. 
 (4) In any exchange provided for in any of the preceding three paragraphs, the Company
will execute, and the Trustee or its agent will authenticate and deliver, certificates representing Notes in definitive registered form in authorized denominations for Notes of the same series or any integral multiple thereof. Upon the exchange of
the entire principal amount of a Global Note for certificates representing Notes, such Global Note shall be cancelled by the Trustee or its agent. Except as provided in the preceding paragraph, certificates representing Notes issued in exchange for
a Global Note pursuant to this Section shall be registered in such names and in such authorized minimum denominations for Notes of that series or any integral multiple thereof, as the Depository shall instruct the Trustee or its agent. The Trustee
or the Note Registrar shall deliver at its Corporate Trust Office such certificates representing Notes to the Holders in whose names such Note are so registered. 

  
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 ARTICLE 3 

THE NOTES 

Section 3.01 Title and Terms. The aggregate principal amount of Notes which may be authenticated and delivered under this
Indenture is unlimited. The Notes may be issued up to the aggregate principal amount of Notes from time to time authorized by or pursuant to a Board Resolution. 

The Notes may be issued in one or more series. All Notes of each series issued under this Indenture shall in all respects be equally and
ratably entitled to the benefits hereof with respect to such series without preference, priority or distinction on account of the actual time or times of the authentication and delivery or maturity of the Notes of such series. There shall be
established in or pursuant to a Board Resolution, and set forth in an Officer’s Certificate to the extent not established in a Board Resolution, or established in one or more indentures supplemental hereto, prior to the issuance of Notes of any
series: 
 (a) the title of the Notes of the series (which shall distinguish the Notes of the series from all other series of Notes); 

(b) any limit upon the aggregate principal amount of the Notes of the series which may be authenticated and delivered under this Indenture
(except for Notes authenticated and delivered upon registration of transfer of, or in exchange for, or in lieu of, other Notes of that series pursuant to this Article Three, the second paragraph of Section 4.03, or Section 11.04); 

(c) the date or dates (or the manner of calculation thereof) on which the principal of the Notes of the series is payable; 

(d) the rate or rates (or the manner of calculation thereof) at which the Notes of the series shall bear interest, if any, the date or dates
from which such interest shall accrue, the Interest Payment Dates on which such interest shall be payable and the Regular Record Date for the interest payable on any Interest Payment Date; 

(e) the Place of Payment; 
 (f)
the period or periods within which, the price or prices at which, the currency or currency units in which, and the terms and conditions upon which Notes of the series may be redeemed, in whole or in part, at the option of the Company; 

(g) the obligation, if any, of the Company to redeem or purchase Notes of the series pursuant to any sinking fund or analogous provisions or
at the option of a Holder thereof and the period or periods within which, the price or prices in the currency at which, the currency or currency units in which, and the terms and conditions upon which Notes of the series shall be redeemed or
purchased, in whole or in part, pursuant to such obligation; 
 (h) the denominations in which the Notes of such series shall be issuable if
other than minimum denominations of $25 and any integral multiple of $25 in excess thereof; 

  
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 (i) if other than Dollars, the currencies in which payments of interest or principal of (and
premium, if any, with respect to) the Notes of the series are to be made; 
 (j) if the interest on or principal of (or premium, if any,
with respect to) the Notes of the series are to be payable, at the election of the Company or a Holder thereof or otherwise, in a currency other than that in which such Notes are payable, the period or periods within which, and the other terms and
conditions upon which, such election may be made, and the time and manner of determining the exchange rate between the currency in such Notes are denominated or stated to be payable and the currency in which such Notes or any of them are to be so
payable; 
 (k) whether the amount of payments of interest on or principal of (or premium, if any, with respect to) the Notes of such series
may be determined with reference to an index, formula or other method (which index, formula or method may be based, without limitation, on one or more currencies, commodities, equity indices or other indices), and, if so, the terms and conditions
upon which and the manner in which such amounts shall be determined and paid or payable; 
 (l) the extent to which any Notes will be
issuable in permanent global form, the manner in which any payments on a permanent Global Note will be made, and the appointment of any Depository relating thereto; 

(m) any deletions from, modifications of or additions to the Events of Default or covenants with respect to the Notes of such series, whether
or not such Events of Default or covenants are consistent with the Events of Default or covenants set forth herein; 
 (n) if any of the
Notes of such series are to be issuable upon the exercise of warrants, this shall be so established as well as the time, manner and place for such Notes to be authenticated and delivered; 

(o) the inapplicability of any of the provisions of Article 13 with respect to any series of Notes; 

(p) the terms of any right to convert the Notes of such series into, or exchange the Notes for, the Company’s common shares or other
securities or property or cash in lieu of the Company’s ordinary shares or other securities or property, or any combination thereof; and any other terms of the series (which terms shall not be inconsistent with the provisions of this
Indenture). 
 All Notes of any one series shall be substantially identical except as to denomination and except as may otherwise be
provided in or pursuant to such Board Resolution and set forth in such Officer’s Certificate or in any such indenture supplemental hereto. 

Notwithstanding Section 3.01(b) and unless otherwise expressly provided with respect to a series of Notes, the aggregate principal amount
of a series of Notes may be increased and additional Notes of such series may be issued up to the maximum aggregate principal amount authorized with respect to such series as increased. 

  
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 If any of the terms of the series are established by action taken pursuant to a Board
Resolution, a copy of an appropriate record of such action shall be certified by the Secretary or an Assistant Secretary of the Company and delivered to the Trustee at or prior to the delivery of the Officer’s Certificate setting forth the
terms of the series. 
 Section 3.02 Denominations. The Notes of each series shall be issuable in registered form without
coupons in such denominations as shall be specified as contemplated in Section 3.01. In the absence of any specification with respect to the Notes of any series, the Notes of such series shall be issuable in minimum denominations of $25 and any
integral multiple of $25 in excess thereof, which may be in Dollars or any Foreign Currency. 
 Section 3.03 Payment of Principal
and Interest. The principal of, premium, if any, and interest on the Notes shall be payable at the office or agency of the Company designated for that purpose in the Place of Payment, as provided in Section 5.02; provided, however, that
interest may be payable at the option of the Company by check mailed to the address of the Person entitled thereto as such address shall appear on the Note Register on the Regular Record Date for such interest payment. 

Section 3.04 Execution of Notes. The Notes shall be executed manually or by facsimile in the name and on behalf of the Company by
its Chairman of the Board of Directors, its President, one of its Vice Presidents, its Treasurer, its Secretary or one of its Assistant Secretaries. Only such Notes as shall bear thereon a certificate of authentication substantially in the form
hereinbefore recited, manually executed by the Trustee, shall be entitled to the benefits of this Indenture or be valid or become obligatory for any purpose. Such certificate by the Trustee upon any Note executed by the Company shall be conclusive
evidence that the Note so authenticated has been duly authenticated and delivered hereunder and that the Holder is entitled to the benefits of this Indenture. 

In case any officer of the Company who shall have executed any of the Notes shall cease to be such officer before the Notes so executed shall
have been authenticated and delivered by the Trustee, or disposed of by the Company, such Notes nevertheless shall be valid and binding and may be authenticated and delivered or disposed of as though the Person who executed such Notes had not ceased
to be such officer of the Company; and any Notes may be executed on behalf of the Company by such Persons as, at the actual date of the execution of such Note, shall be the proper officers of the Company, although at the date of such Note or of the
execution of this Indenture any such Person was not such an officer. 
 At any time and from time to time after the execution and delivery
of this Indenture, the Company may deliver Notes of any series, properly created in accordance with Section 3.01 and executed by the Company, to the Trustee for authentication; and the Trustee shall authenticate and deliver such Notes upon
receipt of a Company Order. In the event that any other Person performs the Trustee’s duties as Authenticating Agent pursuant to a duly executed agreement, the Company shall notify the Trustee in writing of the issuance of any Notes hereunder,
such notice to be delivered in accordance with the provisions of Section 15.03 on the date such Notes are delivered by the Company for authentication to such other Person. 

  
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 Prior to any such authentication and delivery, the Trustee shall be entitled to receive, and
shall be fully protected in relying upon, in addition to the Officer’s Certificates relating to the issuance of any series of Notes pursuant to Sections 2.02, 3.01 (if required by that Section), and Section 15.05, Opinions of Counsel
stating that: 
 (a) all instruments furnished to the Trustee conform to the requirements of this Indenture and constitute sufficient
authority hereunder for the Trustee to authenticate and deliver such Notes; 
 (b) all laws and requirements with respect to the form and
execution by the Company of the supplemental indenture, if any, have been complied with; the execution and delivery of the supplemental indenture, if any, will not violate the terms of this Indenture; the supplemental indenture has been duly
qualified under the Trust Indenture Act of 1939; the Company has corporate or company power to execute and deliver any such supplemental indenture and has taken all necessary corporate action for those purposes; and any such supplemental indenture
has been executed and delivered and constitutes the legal, valid and binding obligation of the Company enforceable in accordance with its terms (subject, as to enforcement of remedies, to applicable bankruptcy, reorganization, insolvency, moratorium
or other laws affecting creditors’ rights generally from time to time in effect); and 
 (c) the form and terms of such Notes have been
established in conformity with the provisions of this Indenture; and all laws and requirements with respect to the execution and delivery by the Company of such Notes have been complied with; the authentication and delivery of the Notes by the
Trustee will not violate the terms of this Indenture; the Company has the corporate or company power to issue such Notes; and such Notes have been duly executed on behalf of the Company and, assuming due authentication and delivery by the Trustee,
constitute legal, valid and binding obligations of the Company in accordance with their terms (subject, as to enforcement of remedies, to applicable bankruptcy, reorganization, insolvency, moratorium or other laws affecting creditors’ rights
generally from time to time in effect) and are entitled to the benefits of this Indenture, equally and ratably with all other Outstanding Notes, if any, of such series. 

The Trustee shall not be required to authenticate such Notes if the issue thereof will adversely affect the Trustee’s own rights, duties
or immunities under the Notes and this Indenture or otherwise in a manner which is not reasonably acceptable to the Trustee or such action would expose the Trustee to personal liability to existing Holders. 

Unless otherwise provided in the form of Note for any series, all Notes shall be dated the date of their authentication. 

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

  
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 Section 3.05 Temporary Notes. Pending the preparation of definitive Notes of any
series, the Company may execute, and upon receipt of the documents required by Sections 2.02, 3.01 and 3.04, together with a Company Order, the Trustee shall authenticate and deliver, such temporary Notes which may be printed, lithographed,
typewritten, mimeographed or otherwise produced, in any authorized denominations, substantially of the tenor of such definitive Notes in lieu of which they are issued and with such appropriate insertions, omissions, substitutions and other
variations as the officers executing such temporary Notes may determine, as evidenced by their execution of such temporary Notes. 
 If
temporary Notes of any series are issued, the Company will cause definitive Notes of such series to be prepared without unreasonable delay. After the preparation of definitive Notes of any series, the temporary Notes of such series shall be
exchangeable for definitive Notes of such series, upon surrender of the temporary Notes of such series at any office or agency maintained by the Company for such purposes as provided in Section 5.02, without charge to the Holder. Upon surrender
for cancellation of any one or more temporary Notes of any series, the Company shall execute and the Trustee shall authenticate and deliver in exchange therefor a like principal amount of definitive Notes of such series having the same interest rate
and Stated Maturity and bearing interest from the same date of any authorized denominations. Until so exchanged the temporary Notes of such series shall in all respects be entitled to the same benefits under this Indenture as definitive Notes of
such series. 
 Section 3.06 Exchange and Registration of Transfer of Notes. Notes may be exchanged for a like aggregate
principal amount of Notes of such series that are of other authorized denominations. Notes to be exchanged shall be surrendered at any office or agency to be maintained for such purpose by the Company, as provided in Section 5.02, and the
Company shall execute and the Trustee shall authenticate and deliver in exchange therefor the Note or Notes of authorized denominations which the Holder making the exchange shall be entitled to receive. Each agent of the Company appointed pursuant
to Section 5.02 as a person authorized to register and register transfer of Notes is sometimes herein referred to as a “Note Registrar.” 

The Company shall keep, at an office or agency of the Company maintained for such purpose, as provided in Section 5.02, a register for
each series of Notes hereunder (the registers of all Note Registrars being herein sometimes collectively referred to as the “Note Register”) in which, subject to such reasonable regulations as it may prescribe, the Company
shall provide for the registration of Notes and shall register the transfer of Notes as provided in this Article Three. For avoidance of doubt, there shall only be one Note Register for each series of Notes. At all reasonable times, such Note
Register shall be open for inspection by the Trustee and any Note Registrar other than the Trustee. Upon due presentment for registration of transfer of any Note at any such office or agency, the Company shall execute and cause to be registered and
the Trustee shall authenticate and deliver in the name of the transferee or transferees a new Note or Notes of the same series of authorized denominations for an equal aggregate principal amount. Registration or registration of transfer of any Note
by any Note Registrar in the registry books maintained by such Note Registrar, and delivery of such Note, duly authenticated, shall be deemed to complete the registration or registration of transfer of such Note. The Trustee is hereby appointed as
Note Registrar for each series of Notes. 

  
 14 

 No Person shall at any time be appointed as or act as a Note Registrar unless such Person is
at such time empowered under applicable law to act as such and duly registered to act as such under and to the extent required by applicable law and regulations. 

All Notes presented to a Note Registrar for registration of transfer shall be duly endorsed by, or be accompanied by a written instrument or
instruments of transfer in form satisfactory to the Company and such Note Registrar duly executed by the registered Holder or such Holder’s attorney duly authorized in writing. 

No service charge shall be made for any exchange or registration of transfer of Notes, but the Company or the Trustee may require payment of a
sum sufficient to cover any tax or other governmental charge that may be imposed in connection therewith. 
 The Company shall not be
required to issue, exchange or register a transfer of (a) any Notes of any series for a period of 15 days next preceding the mailing of a notice of redemption of Notes of such series and ending at the close of business on the day of the mailing
of a notice of redemption of Notes of such series so selected for redemption, or (b) any Notes selected, called or being called for redemption except, in the case of any Note to be redeemed in part, the portion thereof not so to be redeemed.

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

None of the Trustee, any agent of the Trustee, any paying agent or the Company will have any responsibility or liability for any aspect of the
records relating to or payments made on account of beneficial ownership interests of a Global Note or for maintaining, supervising or reviewing any records relating to such beneficial ownership interests or for any actions taken or not taken by the
Depository. 
 The Trustee shall have no obligation or duty to monitor, determine or inquire as to compliance with any restrictions on
transfer imposed under this Indenture or under applicable law with respect to any transfer of any interest in any Note (including any transfers between or among Depository participants or beneficial owners of interests in any registered 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 3.07 Mutilated. Destroyed. Lost or Stolen
Notes. In case any temporary or definitive Note shall become mutilated or be destroyed, lost or stolen, the Company in its discretion may execute, and upon its request the Trustee shall authenticate and deliver, a new Note, bearing a number,
letter or other distinguishing mark not contemporaneously Outstanding, in exchange and substitution for the mutilated Note, or in lieu of and in substitution for the Note so destroyed, lost or stolen. In every case the applicant for a substituted
Note shall furnish to the Company and to the Trustee such security or indemnity as may be required by them to save each of them harmless, and, in every case of destruction, loss or theft, the applicant shall also furnish to the Company and to the
Trustee evidence to their satisfaction of the destruction, loss or theft, of such Note and of the ownership thereof. 

  
 15 

 In the absence of notice to the Trustee or the Company that such Note has been acquired by a
bona fide purchaser, the Trustee shall authenticate any such substituted Note and deliver the same upon any Company Request. Upon the issuance of any substituted Note, the Company may require the payment of a sum sufficient to cover any tax or other
governmental charge that may be imposed in relation thereto and any other expenses connected therewith. In case any Note which has matured or is about to mature shall become mutilated or be destroyed, lost or stolen, the Company may, instead of
issuing a substituted Note, pay or authorize the payment of the same (without surrender thereof except in the case of a mutilated Note) if the applicant for such payment shall furnish to the Company and to the Trustee such security or indemnity as
may be required by them to save each of them harmless and, in case of destruction, loss or theft, evidence satisfactory to the Company and to the Trustee of the destruction, loss or theft of such Note and of the ownership thereof. 

Every substituted Note issued pursuant to the provisions of this Section 3.07 by virtue of the fact that any Note is destroyed, lost or
stolen shall constitute an additional contractual obligation of the Company, whether or not the destroyed, lost or stolen Note shall be found at any time, and shall be entitled to all the benefits of this Indenture equally and proportionately with
any and all other Notes duly issued hereunder. All Notes shall be held and owned upon the express condition that the foregoing provisions are exclusive with respect to the replacement or payment of mutilated, destroyed, lost or stolen Notes and
shall preclude (to the extent permitted by law) any and all other rights or remedies with respect to the replacement or payment of negotiable instruments or other securities without their surrender. 

Section 3.08 Payment of Interest; Interest Rights Preserved. Interest which is payable, and is punctually paid or duly provided
for, on any Interest Payment Date, on any Note, shall, unless otherwise provided in such Note, be paid to the Person in whose name the Note (or one or more Predecessor Notes) is registered at the close of business on the Regular Record Date for such
interest. 
 Unless otherwise stated in the form of Note of a series, interest on the Notes of any series shall be computed on the basis of
a 360 day year comprised of twelve 30 day months. 
 Any interest on any Note which is payable, but is not punctually paid or duly provided
for, on any Interest Payment Date (herein called “Defaulted Interest”) shall forthwith cease to be payable to the registered Holder on the relevant Regular Record Date by virtue of having been such Holder, and such Defaulted
Interest may be paid by the Company, at its election in each case, as provided in paragraph (a) or (b) below: 
 (a) The Company may
elect to make payment of any Defaulted Interest to the Persons in whose names any such Notes (or their respective Predecessor Notes) are registered at the close of business on a Special Record Date for the payment of such Defaulted Interest, which
shall be fixed in the following manner. The Company shall notify the Trustee in writing of the amount of Defaulted Interest proposed to be paid on each Note and the date of the proposed payment, and at the same time the Company shall deposit with
the Trustee an amount of money 

  
 16 

 
equal to the aggregate amount proposed to be paid in respect of such Defaulted Interest or shall make arrangements satisfactory to the Trustee for such deposit prior to the date of the proposed
payment, such money when deposited to be held in trust for the benefit of the Persons entitled to such Defaulted Interest as in this paragraph provided. 

Thereupon, the Company shall fix a Special Record Date for the payment of such Defaulted Interest which shall be not more than 15 days and not
less than 10 days prior to the date of the proposed payment and not less than 10 days after the receipt by the Trustee of the notice of the proposed payment. 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 of such Notes, at such Holder’s address as it appears in the Note Register, not less than 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 mailed as aforesaid, such Defaulted Interest shall be paid to the Persons in whose names such Notes (or their respective Predecessor Notes) are registered at the
close of business on such Special Record Date and shall no longer be payable pursuant to the following paragraph (b). 
 (b) The Company may
make payment of any Defaulted Interest in any other lawful manner not inconsistent with the requirements of any securities exchange on which the Notes of that series may be listed, and upon such notice as may be required by such exchange, if, after
notice given by the Company to the Trustee of the proposed payment pursuant to this paragraph, such payment shall be deemed practicable by the Trustee. 

Subject to the foregoing provisions of this Section, each Note delivered under this Indenture upon transfer of or in exchange for or in lieu
of any other Note shall carry the rights to interest accrued and unpaid, and to accrue, which were carried by such other Note. 

Section 3.09 Persons Deemed Owners. The Company, the Trustee and any agent of the Company or the Trustee may treat the Person in
whose name any Note is registered as the owner of such Note for the purpose of receiving payment of principal of, premium, if any, and (subject to Section 3.08) interest on, such Note and for all other purposes whatsoever whether or not such
Note be overdue, and neither the Company, the Trustee, nor any agent of the Company or the Trustee shall be affected by notice to the contrary. 

Section 3.10 Cancellation of Notes Paid. All Notes surrendered for the purpose of payment, redemption, exchange or registration of
transfer or delivered in satisfaction in whole or in part of any sinking fund obligation shall, if surrendered to the Company or any agent of the Trustee or the Company under this Indenture, be delivered to the Trustee and promptly cancelled by it,
or, if surrendered to the Trustee, shall be promptly cancelled by it, and no Notes shall be issued in lieu thereof except as expressly permitted by any of the provisions of this Indenture. The Company may at any time deliver to the Trustee for
cancellation any Notes previously authenticated and delivered hereunder which the Company may have acquired in any manner whatsoever, and may deliver to the Trustee (or to any other Person for delivery to the Trustee) for cancellation any Notes
previously authenticated hereunder which the Company has not issued and sold, and all Notes so delivered shall be promptly cancelled by the Trustee. The Trustee shall dispose of cancelled Notes in accordance with its customary procedures (subject to
the record retention requirements of the Exchange Act). The Company may direct the Trustee in writing to deliver a certificate of such cancellation to the Company. 

  
 17 

 Section 3.11 Currency and Manner of Payments. (a) With respect to Notes
denominated in Dollars or a Foreign Currency, the following payment provisions shall apply: 
 (1) Except as provided in subparagraph
(a)(2) or in paragraph (c) of this Section 3.11, payment of principal of and premium, if any, on any Notes will be made at the offices established pursuant to Section 5.02 by delivery of a check in the currency in which the Note is
denominated on the payment date against surrender of such Note, and any interest on any Note will be paid at such office by mailing a check in the currency in which the Notes were issued to the Person entitled thereto at the address of such Person
appearing on the Note Register. 
 (2) Payment of the principal of and premium, if any, and interest on such Note may also, subject to
applicable laws and regulations and subject to surrender as aforesaid in the case of principal and premium, if any, be made at such other place or places as may be designated by the Company by any appropriate method. 

(b) Not later than the fourth Business Day after the Regular Record Date for such Interest Payment Date, the paying agent will deliver to the
Company a written notice specifying, in the currency in which each series of the Notes are denominated, the respective aggregate amounts of principal of and premium, if any, and interest on the Notes to be made on such payment date, specifying the
amounts so payable in respect of the Notes. The failure of the paying agent to deliver such notice shall not relieve the Company from its obligation to make all payments with respect to any Note when due. 

(c) If the Foreign Currency in which any of the Notes are denominated ceases to be used both by the government of the country which issued
such currency and for the settlement of transactions by public institutions of or within the international banking community, then with respect to each date for the payment of Foreign Currency occurring after the last date on which the Foreign
Currency was so used (the “Conversion Date”), the Dollar shall be the currency of payment for use on each such Interest Payment Date. The Dollar amount to be paid by the Company to the Trustee and by the Trustee or any paying agent
to the Holder of such Notes with respect to such payment date shall be the Dollar Equivalent of the Foreign Currency as determined by the Currency Determination Agent in the manner provided in paragraph (d) below. 

(d) The “Dollar Equivalent of the Foreign Currency” shall be determined by the Currency Determination Agent by converting the
specified Foreign Currency into Dollars at the Market Exchange Rate as of the Conversion Date. 
 (e) The “Market Exchange
Rate” shall mean, for any currency, the highest firm bid quotation for U.S. dollars received by the Currency Determination Agent at approximately 11:00 a.m., New York City time, on the second Business Day preceding the applicable payment
date (or, if no such rate is quoted on such date, the last date on which such rate was quoted, or under the circumstances described in the foregoing paragraph (c), on the 

  
 18 

 
Conversion Date), from three recognized foreign exchange dealers in New York City selected by the Currency Determination Agent and approved by the Company (one of which may be the Currency
Determination Agent) for the purchase by the quoting dealer, for settlement on such payment date, of the aggregate amount of such currency payable on such payment in respect of all Notes denominated in such currency. 

(f) All decisions and determinations of the Currency Determination Agent regarding the Dollar Equivalent of the Foreign Currency and the
Market Exchange Rate shall be in its sole discretion and shall, in the absence of manifest error, be conclusive for all purposes and irrevocably binding upon the Company and all Holders of the Notes. In the event that the Foreign Currency ceases to
be used both by the government of the country which issued such currency and for the settlement of transactions by public institutions of or within the international banking community, the Company, after learning thereof, will promptly give notice
thereof to the Trustee and the Holders specifying the Conversion Date. 
 (g) The Trustee shall be fully justified and protected in relying
on and acting upon the information so received by it from the Company or the Currency Determination Agent and shall not otherwise have any duty or obligation to determine such information independently. 

(h) If the principal of (and premium, if any) and interest on any Notes is payable in a Foreign Currency and such Foreign Currency is not
available for payment due to the imposition of exchange controls or other circumstances beyond the control of the Company, then the Company shall be entitled to satisfy its obligations to Holders under this Indenture by making such payment in
Dollars on the basis of the Market Exchange Rate for such Foreign Currency on the latest date for which such rate was established on or before the date on which payment is due. Any payment made pursuant to this Section 3.11 in Dollars where the
required payment is in a Foreign Currency shall not constitute a default or Event of Default under this Indenture. 
 Section 3.12
CUSIP Numbers. The Company in issuing the Notes may use “CUSIP” numbers (if then generally in use), and, if so, the Trustee shall use “CUSIP” numbers in notices of redemption as a convenience to Holders; provided that any
such notice may state that no representation is made as to the correctness of such numbers either as printed on the Notes or as contained in any notice of a redemption and that reliance may be placed only on the other identification numbers printed
on the Notes, and any such redemption shall not be affected by any defect in or omission of such numbers. The Company will promptly notify the Trustee of any changes in the “CUSIP” numbers. 

ARTICLE 4 
 REDEMPTION OF
NOTES 
 Section 4.01 Applicability of Article. The Company may reserve the right to redeem and pay before Stated Maturity
all or any part of the Notes of any series, either by optional redemption, sinking fund (mandatory or optional) or otherwise, by provision therefor in the form of Note for such series on such terms as are specified in such form or the Board
Resolution or Officer’s Certificate delivered pursuant to Section 3.01 or the indenture supplemental hereto as provided in Section 3.01 with respect to Notes of such series. Redemption of Notes of any series shall be made in
accordance with the terms of such Notes and, to the extent that this Article does not conflict with such terms, in accordance with this Article. 

  
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 Section 4.02 Notice of Redemption; Selection of Notes. In case the Company shall
desire to exercise the right to redeem all, or, as the case may be, any part of a series of Notes pursuant to Section 4.01, the Company shall fix a date for redemption and the Company, or, at the Company’s request, the Trustee in the name
of and at the expense of the Company, shall mail a notice of such redemption at least 30 days and not more than 60 days prior to the date fixed for redemption to the Holders of Notes so to be redeemed as a whole or in part at their last addresses as
the same appear on the Note Register; provided, however, that the Company shall have delivered to the Trustee, at least 45 days prior to the Redemption Date (or such shorter period as may be acceptable to the Trustee), an Officer’s Certificate
requesting that the Trustee give such notice and setting forth the information to be stated in such notice as provided in the next succeeding paragraph. Such mailing by the Trustee shall be by first class mail; provided, however, that so long as the
Notes of such series are represented by one or more Global Notes, such notice shall be given in accordance with the procedures of the Depository therefor. 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 Note designated for redemption as a whole or in part shall not affect the validity of the
proceedings for the redemption of any other Note. 
 Notice of redemption shall be given in the name of the Company and shall specify the
date fixed for redemption, the Redemption Price at which Notes of any series are to be redeemed, or if not then ascertainable, the manner of calculation thereof, the place of payment (which shall be at the offices or agencies to be maintained by the
Company pursuant to Section 5.02), that payment of the Redemption Price will be made upon presentation and surrender of such Notes, that interest accrued to the date fixed for redemption will be paid as specified in said notice, that on and
after said date interest thereon or on the portions thereof to be redeemed will cease to accrue, and the Section of this Indenture or the paragraph or section of the Notes pursuant to which Notes will be redeemed. In case less than all Notes of any
series are to be redeemed, the notice of redemption shall also identify the particular Notes to be redeemed as a whole or in part and shall state that the redemption is for the sinking fund, if such is the case. In case any Note 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 date fixed for redemption, upon surrender of such Note, a new Note or Notes of such series in aggregate
principal amount equal to the unredeemed portion thereof will be issued without charge to the Holder. 
 If Notes of any series are to be
redeemed, the Company shall give the Trustee notice, at least 45 days (or such shorter period acceptable to the Trustee) in advance of the date fixed for redemption, as to the aggregate principal amount of Notes to be redeemed and as to the date
fixed for redemption. Notes may be redeemed in part in multiples equal to the minimum authorized denomination for Notes of such series or any multiple thereof. Thereupon the Trustee shall select, in such manner as in its sole discretion it shall
deem appropriate and fair, the Notes or portions thereof to be redeemed, and shall as promptly as practicable notify the Company of the Notes or portions thereof so selected; provided, however, if the Notes of such series are represented by one or
more Global Notes, interests in such Notes shall be selected for redemption by the Depository therefor in accordance with its customary procedures and the 

  
 20 

 
Trustee shall have no responsibilities with respect to such selection. For all purposes of this Indenture, unless the context otherwise requires, all provisions relating to the redemption of
Notes of any series shall relate, in the case of any Note redeemed or to be redeemed only in part, to the portion of the principal amount of such Note which has been or is to be redeemed. In the case of any redemption of Notes (a) prior to the
expiration of any restriction on such redemption provided in the terms of such Notes or elsewhere in this Indenture, or (b) pursuant to an election of the Company which is subject to a condition specified in the terms of such Notes or elsewhere
in this Indenture, the Company shall furnish the Trustee with an Officer’s Certificate evidencing compliance with such restriction or condition. 

On or prior to 11:00 AM New York City time on the date fixed for redemption specified in the notice of redemption given as provided in this
Section 4.02, the Company will deposit with the Trustee or with the paying agent an amount of money in the currency in which the Notes of such series are payable sufficient to redeem on the date fixed for redemption all the Notes so called for
redemption at the appropriate Redemption Price, together with accrued interest to the date fixed for redemption. 
 The Trustee shall not
mail any notice of redemption of any series of Notes during the continuation of any default in payment of interest on any series of Notes when due or of any Event of Default, except that where notice of redemption with respect to any series of Notes
shall have been mailed prior to the occurrence of such default or Event of Default, the Trustee shall redeem such Notes provided funds are deposited with it for such purpose. 

Section 4.03 Payment of Notes Called for Redemption. If notice of redemption has been given as herein provided, the Notes or
portions of Notes with respect to which such notice has been given shall become due and payable on the date and at the place stated in such notice at the applicable Redemption Price, together with interest accrued to the date fixed for redemption,
and on and after said date (unless the Company shall default in the payment of such Notes or portions thereof at the Redemption Price, together with interest accrued to said date) interest on the Notes or portions of Notes so called for redemption
shall cease to accrue, and such Notes and portions of Notes shall be deemed not to be Outstanding hereunder and shall not be entitled to any benefit under this Indenture except to receive payment of the Redemption Price, together with accrued
interest to the date fixed for redemption. On presentation and surrender of such Notes at the place of payment in said notice specified, the Notes or the specified portions thereof shall be paid and redeemed by the Company at the applicable
Redemption Price, together with interest accrued thereon to the date fixed for redemption; provided, however, that any installments of interest becoming due on or prior to the date fixed for redemption shall be payable to the Holders of such Notes,
or one or more previous Notes evidencing all or a portion of the same debt as that evidenced by such particular Notes, registered as such on the relevant record dates according to their terms and the provisions of Section 3.08. 

Upon presentation and surrender of any Note redeemed in part only, with, if the Company or the Trustee so requires, due endorsement by, or a
written instrument of transfer in form satisfactory to the Company and the Trustee duly executed by, the Holder thereof or such Holder’s attorney duly authorized in writing, the Company shall execute and the Trustee shall authenticate and
deliver to the Holder thereof, at the expense of the Company, a new Note or Notes of the same series having the same interest rate and Stated Maturity and bearing interest from the same date, of any authorized denominations as requested by such
Holder, in aggregate principal amount equal to the unredeemed portion of the Note so presented and surrendered. 

  
 21 

 Section 4.04 Exclusion of Certain Notes from Eligibility for Selection for
Redemption. Notes shall be excluded from eligibility for selection for redemption if they are identified by registration and certificate number in a written statement signed by a Responsible Officer of the Company and delivered to the Trustee at
least 45 days prior to the last date on which notice of redemption may be given as being owned of record and beneficially by, and not pledged or hypothecated by, either (a) the Company or (b) an entity specifically identified in such
written statement as directly or indirectly controlling or controlled by or under direct or indirect common control with the Company. 

Section 4.05 Provisions with Respect to any Sinking Funds. Unless the form or terms of any series of Notes shall provide
otherwise, in lieu of making all or any part of any mandatory sinking fund payment with respect to such series of Notes in cash, the Company may at its option (a) deliver to the Trustee for cancellation any Notes of such series theretofore
acquired by the Company, or (b) receive credit for any Notes of such series (not previously so credited) acquired by the Company and theretofore delivered to the Trustee for cancellation or redeemed pursuant to provisions for an optional
redemption or optional sinking fund redemption, then Notes so delivered or credited shall be credited at the applicable sinking fund Redemption Price with respect to the Notes of such series. 

On or before the 45th day next preceding each sinking fund Redemption Date, the Company will deliver to the Trustee a certificate signed by
the Chief Financial Officer, any Vice President, the Treasurer or any Assistant Treasurer of the Company specifying (i) the portion of the mandatory sinking fund payment to be satisfied by deposit of cash in the currency in which the Notes of
such series are payable, by delivery of Notes theretofore purchased or otherwise acquired by the Company (which Notes shall accompany such certificate) and by credit for Notes acquired by the Company and theretofore delivered to the Trustee for
cancellation or redeemed by the Company pursuant to provisions for optional redemption or optional sinking fund redemption and stating that the credit to be applied has not theretofore been so applied and the basis for such credit and
(ii) whether the Company intends to exercise its right, if any, to make an optional sinking fund payment, and, if so, the amount thereof. Such certificate shall also state that no Event of Default has occurred and is continuing. Such
certificate shall be irrevocable, and upon its delivery, the Company shall be obligated to make the payment or payments therein referred to, if any, on or before the next succeeding sinking fund payment date. In case of the failure of the Company on
or before the 45th day next preceding each sinking fund Redemption Date to deliver such certificate (or to deliver the Notes specified in this paragraph), the sinking fund payment due on the next succeeding sinking fund payment date shall be paid
entirely in cash (in the currency described above) and shall be sufficient to redeem the principal amount of Notes as a mandatory sinking fund payment, without the option to deliver or credit Notes as provided in the first paragraph of this
Section 4.05 and without the right to make an optional sinking fund payment as provided herein. 
 If the sinking fund payment or
payments (mandatory or optional) with respect to any series of Notes made in cash (in the currency described above) shall exceed the minimum authorized denomination set forth in an Officer’s Certificate pursuant to Section 3.01 or the

  
 22 

 
equivalent in the currency in which the Notes of such series are payable (or a lesser sum if the Company shall so request), unless otherwise provided by the terms of such series of Notes, said
cash shall be applied by the Trustee on the sinking fund Redemption Date with respect to Notes of such series at the applicable sinking fund Redemption Price with respect to Notes of such series, together with accrued interest, if any, to the date
fixed for redemption, with the effect provided in Section 4.03. The Trustee shall select, in the manner provided in Section 4.02, for redemption on such sinking fund Redemption Date a sufficient principal amount of Notes of such series to
utilize said cash and shall thereupon cause notice of redemption of the Notes of such series for the sinking fund to be given in the manner provided in Section 4.02 (and with the effect provided in Section 4.03) for the redemption of Notes
in part at the option of the Company. Notes of any series which are identified by registration and certificate number in an Officer’s Certificate at least 45 days prior to the sinking fund Redemption Date as being beneficially owned by, and not
pledged or hypothecated by, the Company or an entity directly or indirectly controlling or controlled by or under direct or indirect common control with the Company shall be excluded from Notes of such series eligible for selection for redemption.
Any sinking fund moneys not so applied or allocated by the Trustee to the redemption of Notes of such series shall be added to the next cash sinking fund payment with respect to Notes of such series received by the Trustee and, together with such
payment, shall be applied in accordance with the provisions of this Section 4.05. Any and all sinking fund moneys with respect to Notes of any series held by the Trustee at the maturity of Notes of such series, and not held for the payment or
redemption of particular Notes of such series, shall be applied by the Trustee, together with other moneys, if necessary, to be deposited sufficient for the purpose, to the payment of the principal of the Notes of such series at maturity. 

The Trustee shall not convert any currency in which the Notes of such series are payable for the purposes of such sinking fund application
unless a Company Request is made, and any such conversion agreed to by the Trustee in response to such request shall be for the account and at the expense of the Company and shall not affect the Company’s obligation to pay the Holders in the
currency to which such Holder is entitled. 
 On or before each sinking fund Redemption Date provided with respect to Notes of any series,
the Company shall pay to the Trustee in cash in the currency described above a sum equal to all accrued interest, if any, to the date fixed for redemption on Notes to be redeemed on such sinking fund Redemption Date pursuant to this
Section 4.05. 
 ARTICLE 5 

PARTICULAR COVENANTS OF THE COMPANY 

Section 5.01 Payment of Principal, Premium and Interest. The Company will duly and punctually pay or cause to be paid (in the
currency in which the Notes of such series are payable) the principal of and premium, if any, and interest on each of the Notes at the place (subject to Section 3.03), at the respective times and in the manner provided in each series of Notes
and in this Indenture. 
 Section 5.02 Offices for Notices and Payments. (a) So long as the Notes of any series remain
Outstanding, the Company will maintain at the Place of Payment, an office or agency where the Notes may be presented for payment, an office or agency where the Notes may be 

  
 23 

 
presented for registration of transfer and for exchange as provided in this Indenture, and an office or agency where notices and demands to or upon the Company in respect of the Notes or of this
Indenture may be served and shall give the Trustee written notice thereof and any changes in the location thereof. In case the Company shall at any time fail to maintain any such office or agency, or shall fail to give notice to the Trustee of any
change in the location thereof, presentation and demand may be made and notice may be served in respect of the Notes or of this Indenture at the Corporate Trust Office. The Company hereby appoints the Trustee as its agent and the Corporate Trust
Office as the office for all of the foregoing purposes with respect to the Notes of each series; provided that the Trustee and the Corporate Trust Office shall not be an office or agency of the Company for the purposes of service of legal process on
the Company. 
 (b) In addition to the office or agency maintained by the Company pursuant to Section 5.02(a), the Company may from
time to time designate one or more other offices or agencies where the Notes may be presented for payment and presented for registration of transfer and for exchange in the manner provided in this Indenture, and the Company may from time to time
rescind such designations, as the Company may deem desirable or expedient; provided, however, that no such designation or rescission shall in any manner relieve the Company of its obligation to maintain such office and agency at the Place of
Payment, for the purposes abovementioned. The Company will give to the Trustee prompt written notice of (i) any such designation or rescission thereof, and (ii) the location of any such office or agency outside the Place of Payment and of
any change of location thereof. 
 Section 5.03 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 8.10, a Trustee, so that there shall at all times be a Trustee with respect to each series of Notes hereunder. 

Section 5.04 Provisions as to Paying Agent. (a)(1)Whenever the Company shall have one or more paying agents for any series of
Notes other than the Trustee, it will, on or before each due date of the principal of (and premium, if any) or interest on any Notes of such series, deposit with a paying agent a sum sufficient to pay such amount becoming due, such sum to be held as
provided by the Trust Indenture Act of 1939, and (unless such paying agent is the Trustee) the Company will promptly notify the Trustee of its action or failure so to act. 

(2) The Company will cause each paying agent other than the Trustee to execute and deliver to the Trustee an instrument in which such paying
agent shall agree with the Trustee, subject to the provisions of this Section, that such paying agent will: (i) comply with the provisions of the Trust Indenture Act of 1939 applicable to it as a paying agent and (ii) during the
continuance of any default by the Company (or any other obligor upon any series of Notes) in the making of any payment in respect of the Notes of such series, upon the written request of the Trustee, forthwith pay to the Trustee all sums held in
trust by such paying agent as such. 
 (b) If the Company shall act as its own paying agent, it will, on or prior to each due date of the
principal of and premium, if any, or interest on Notes of any series, set aside, segregate and hold in trust for the benefit of the Holders of such Notes a sum sufficient to pay such principal and premium, if any, or interest so becoming due and
will notify the Trustee 

  
 24 

 
of any failure to take such action and of any failure by the Company (or by any other obligor on such series of Notes) to make any payment of the principal of and premium, if any, or interest on
the Notes when the same shall become due and payable. 
 (c) Anything in this Section 5.04 to the contrary notwithstanding, the Company
may, at any time, for the purpose of obtaining a satisfaction and discharge of this Indenture with respect to any or all series of Notes then Outstanding, 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 5.04, such sums to be held by the Trustee upon the trusts herein contained. 

(d) Anything in this Section 5.04 to the contrary notwithstanding, the agreement to hold sums in trust provided in this Section 5.04
is subject to Section 13.04. 
 Section 5.05 Certificate to Trustee. So long as the Notes of any series remain Outstanding,
the Company will deliver to the Trustee on or before 120 days after the end of each fiscal year an Officer’s Certificate stating that such officer has reviewed the covenants of the Indenture with respect to each outstanding series of Notes and,
in the course of the performance by the signer of his or her duty as an officer of the Company, he or she would normally have knowledge of any default by the Company in the performance or fulfillment or observance of any covenants or agreements
contained herein during the preceding fiscal year, stating whether or not he or she has knowledge of any such default and, if so, specifying each such default of which the signer has knowledge and the nature thereof. The Officer’s Certificate
need not comply with Section 15.05. The signatory to this Officer’s Certificate shall be the Company’s principal executive officer, principal financial officer or principal accounting officer. The Company shall deliver to the Trustee,
as soon as possible and in any event within five (5) days after the Company becomes aware of the occurrence of any Event of Default or an event which, with notice or the lapse of time or both, would constitute an Event of Default, an
Officer’s Certificate setting forth the details of such Event of Default or default and the action which the Company proposes to take with respect thereto. 

Section 5.06 Waivers of Covenants. Anything in this Indenture to the contrary notwithstanding, the Company may fail or omit, in
respect of any series of Notes, and in any particular instance, to comply with a covenant, agreement or condition contained in Section 5.05 (unless required to be complied with pursuant to Section 314(a)(4) of the Trust Indenture Act of
1939), or with any additional covenant, agreement or condition contained in a Board Resolution or Officer’s Certificate establishing such series of Notes, any indenture supplemental hereto applicable to such series or any Note of such series
(unless such Board Resolution, Officer’s Certificate, or supplemental indenture provides otherwise) if the Company shall have obtained and filed with the Trustee before or after the time for such compliance the consent in writing of the Holders
of more than 50% in aggregate principal amount of the Notes of the series affected by such waiver at the time Outstanding, either waiving such compliance in such instance or generally waiving compliance with such covenant or condition, but no such
waiver shall extend to or affect any obligation not expressly waived nor impair any right consequent thereon and, until such waiver shall become effective, the obligations of the Company and the duties of the Trustee in respect of any such covenant
or condition shall remain in full force and effect. 

  
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 ARTICLE 6 

HOLDERS’ LISTS AND REPORTS BY THE COMPANY AND THE TRUSTEE 

Section 6.01 Holders’ Lists. The Company covenants and agrees that it will furnish or cause to be furnished to
the Trustee, not more than 10 days after each Regular Record Date with respect to the Notes of any series, and at such other times as the Trustee may request in writing, within 30 days after receipt by the Company of any such request, a list in such
form as the Trustee may reasonably require of the names and addresses of the Holders of Notes of such series as of a date not more than 15 days prior to the time such information is furnished; provided, however, that no such list with respect to any
particular series of Notes need be furnished at any such time if the Trustee is in possession thereof by reason of its acting as the Note Registrar for such series designated under Section 3.06 or otherwise. 

Section 6.02 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 contained in the most recent list furnished to it as provided in Section 6.01 or received by the Trustee in the capacity of the Note Registrar (if so acting) under Section 3.06.
The Trustee may destroy any list furnished to it as provided in Section 6.01 upon receipt of a new list so furnished. 
 (a) The rights
of Holders to communicate with other Holders with respect to their rights under this Indenture or under the Notes of any series or of all Notes, and the corresponding rights and duties of the Trustee, shall be as provided by the Trust Indenture Act
of 1939. 
 (b) Every Holder, by receiving and holding its Notes, 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 made pursuant to the Trust Indenture Act of 1939. 

Section 6.03 Reports by the Company. The Company agrees to file with the Trustee and the Commission, and transmit to Holders, such
information, documents and other reports, and such summaries thereof, as may be required pursuant to the Trust Indenture Act of 1939 at the times and in the manner provided pursuant to such Act; provided that any such information, documents or
reports required to be filed with the Commission pursuant to Section 13 or 15(d) of the Exchange Act shall be filed with the Trustee within 15 days after the same is so required to be filed with the Commission; provided further that any such
information, documents or reports filed with the Commission pursuant to its Electronic Data Gathering, Analysis and Retrieval (or EDGAR) system or any successor thereto shall be deemed to be filed with the Trustee. Delivery of such reports,
information and documents to the Trustee is for informational purposes only and the Trustee’s receipt of such shall not constitute constructive notice of any information contained therein or determinable from information contained therein,
including the Company’s compliance with any of its covenants hereunder (as to which the Trustee is entitled to rely exclusively on Officer’s Certificates). 

Section 6.04 Reports by the Trustee. (a) The Trustee shall transmit to Holders such reports concerning the Trustee and its
actions under this Indenture as may be required pursuant 

  
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to the Trust Indenture Act of 1939 at the times and in the manner provided pursuant thereto. The interval between transmissions of reports to be transmitted at intervals shall be twelve months or
such shorter time required by the Trust Indenture Act of 1939. If the Trust Indenture Act of 1939 does not specify the date on which a report is due, such report shall be due on September 15 of each year following the first issuance of Notes
and shall be as of a date not more than sixty (60) days prior thereto. 
 (b) A copy of each such report shall, at the time of such
transmission to Holders, be filed by the Trustee with each stock exchange upon which Notes of any series are listed, with the Commission and with the Company. The Company will notify the Trustee when the Notes of any series are listed on any stock
exchange and of any delisting thereof. 
 ARTICLE 7 

REMEDIES OF THE TRUSTEE AND HOLDERS ON EVENT OF DEFAULT 

Section 7.01 Events of Default. “Event of Default”, with respect to any series of Notes, wherever used herein,
means any one of the following events (whatever the reason for such Event of Default and whether it shall be voluntary or involuntary or be effected by operation of law or pursuant to any judgment, decree or order of any court or any order,
rule or regulation of any administrative or governmental body), unless such event is either inapplicable to such series or it is specifically deleted or modified in the Board Resolution, Officer’s Certificate or supplemental indenture under
which such series of Notes is issued or in the form of Note for such series: 
 (a) default in the payment of any installment of interest
upon any Note of such series as and when the same shall become due and payable, and continuance of such default for a period of 30 days; 

(b) default in the payment of the principal of and premium, if any, on any Note of such series as and when the same shall become due and
payable either at maturity, upon redemption, by declaration of acceleration or otherwise; 
 (c) default in the payment or satisfaction of
any sinking fund payment or analogous obligation, if any, with respect to the Notes of such series as and when the same shall become due and payable by the terms of the Notes of such series, and continuance of such default for a period of
30 days; 
 (d) failure on the part of the Company duly to observe or perform any of the covenants, warranties or agreements on the
part of the Company in respect of the Notes of such series in this Indenture (other than a covenant, warranty or agreement a default in whose performance or whose breach is specifically dealt with elsewhere in this Section) continued for a period of
90 days after the date on which written notice of such failure, specifying such failure and requiring the same to be remedied, shall have been given to the Company by the Trustee, by registered mail, or to the Company and the Trustee by the Holders
of at least 25% in aggregate principal amount of the Outstanding Notes of such series; 
 (e) if any event of default as defined in any
mortgage, indenture or instrument under which there may be issued, or by which there may be secured or evidenced, any 

  
 27 

 
indebtedness of the Company, whether such indebtedness now exists or is hereafter created or incurred, happens and consists of default in the payment of more than $15,000,000 in principal amount
of such indebtedness at the maturity thereof, after giving effect to any applicable grace period, or results in such Indebtedness in principal amount in excess of $15,000,000 becoming or being declared due and payable prior to the date on which it
would otherwise become due and payable, and such default is not cured or such acceleration is not rescinded or annulled within a period of 30 days after the date on which written notice of such failure, specifying such failure and requiring the same
to be remedied, shall have been given to the Company by the Trustee, by registered mail, or to the Company and the Trustee by the Holders of at least 25% in aggregate principal amount of the Outstanding Notes of such series; 

(f) the failure by the Company within 60 days to pay, bond or otherwise discharge any uninsured judgment or court order for the payment of
money in excess of $15,000,000, which is not stayed on appeal or is not otherwise being appropriately contested in good faith; 
 (g) a
decree or order by a court having jurisdiction in the premises shall have been entered adjudging the Company bankrupt or insolvent, or approving as properly filed a petition seeking reorganization of the Company under the Federal bankruptcy laws or
any other similar applicable Federal or state law, and such decree or order shall have continued undischarged and unstayed for a period of 60 days; or a decree or order of a court having jurisdiction in the premises for the appointment of a receiver
or liquidator or trustee or assignee or other similar official in bankruptcy or insolvency of the Company or of all or substantially all of its property, or for the winding up or liquidation of its affairs, shall have been entered, and such decree
or order shall have continued undischarged and unstayed for a period of 60 days; 
 (h) the Company shall institute proceedings to be
adjudicated voluntarily bankrupt, or shall consent to the filing of a bankruptcy proceeding against it, or shall file a petition or answer or consent seeking an arrangement or a reorganization under the Federal bankruptcy laws or any other similar
applicable Federal or state law, or shall consent to the filing of any such petition, or shall consent to the appointment of a receiver or liquidator or trustee or assignee or other similar official in bankruptcy or insolvency of it or of all or
substantially all of its property, or shall make an assignment for the benefit of creditors, or shall admit in writing its inability to pay its debts generally as they become due; or 

(i) any other Event of Default provided in the Board Resolution, Officer’s Certificate or the supplemental indenture under which such
series of Notes is issued or in the form of Note for such series; 
 then and in each and every such case, so long as such Event of Default with respect to
any series of Notes for which there are Notes Outstanding occurs and is continuing (other than an Event of Default specified in paragraph (g) or (h) of this Section 7.01) and shall not have been remedied or waived to the extent permitted
by the terms of this Indenture, unless the principal of all of the Notes of such series shall have already become due and payable, either the Trustee or the Holders of not less than 25% in aggregate principal amount of the Outstanding Notes of such
series, by notice in writing to the Company (and to the Trustee if given by Holders), may declare the principal (or, if the Notes of that series are Original Issue Discount Notes, such portion of the

  
 28 

 
principal amount as may be specified in the terms of that series) of all the Notes of such series 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 Notes of such series contained to the contrary notwithstanding. If an Event of Default specified in paragraph (g) or (h) of this
Section 7.01 occurs and is continuing, then the principal amount of (or, if the Notes of that series are Original Issue Discount Notes, such portion of the principal amount as may be specified in the terms thereof as due and payable upon
acceleration) and any accrued and unpaid interest on that series shall immediately become due and payable without any declaration or other act on the part of the Trustee or any Holder. This provision, however, is subject to the condition that if, at
any time after the principal of the Notes of such series shall have been so declared due and payable, and before any judgment or decree for the payment of the moneys 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 in the currency in which the Notes of such series are payable all matured installments of interest upon all of the Notes and the principal of and premium, if any, on any and all Notes of
such series which shall have become due otherwise than by such declaration (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 Notes of such series or as otherwise provided in the form of Note for such series, to the date of such payment or deposit) and all amounts due to the Trustee under Section 8.06, or provision deemed by the Trustee to be
adequate shall have been made therefor, and any and all defaults under this Indenture, other than the nonpayment of principal of and accrued interest on Notes of such series which shall have become due by such declaration, shall have been cured or
shall have been waived in accordance with Section 7.07—then and in every such case the Holders of at least a majority in aggregate principal amount of the Notes of such series then Outstanding, by written notice to the Company and to the
Trustee, may rescind and annul such declaration and its consequences; but no such rescission and annulment shall extend to or shall affect any subsequent default, or shall impair any right consequent thereon. 

In case the Trustee or any Holders shall have proceeded to enforce any right under this Indenture and such proceedings shall have been
discontinued or abandoned because of such 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 Trustee and the Holders shall be restored
respectively to their several positions and rights hereunder, and all rights, remedies and powers of the Company, the Trustee and the Holders shall continue as though no such proceeding had been taken. 

Section 7.02 Payment of Notes Upon Default; Suit Therefor. The Company covenants that (a) in case default shall be made in
the payment of any installment of interest upon any Note of any series as and when the same shall become due and payable, and such default shall have continued for a period of 30 days, or (b) in case default shall be made in the payment of the
principal of and premium, if any, on any Note of any series as and when the same shall have become due and payable, whether at maturity of the Note or upon redemption or by declaration or otherwise or (c) in case default shall be made in the
making or satisfaction of any sinking fund payment or analogous obligation with respect to the Notes of any series when the same becomes due by the terms of the Notes of any series, and such default shall have continued for a period of 30
days—then, upon demand of the Trustee, the Company will pay to the Trustee, for the benefit 

  
 29 

 
of the Holders of any such series, the whole amount that then shall have become due and payable on any such Notes for principal and premium, if any, or interest, or both, 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 borne by the Notes of such series or as otherwise
provided in the form of Note of such series; 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
any expenses or liabilities incurred and advances made by the Trustee, except compensation or advances arising, or expenses or liabilities incurred, as a result of the Trustee’s gross negligence or willful misconduct. 

Until such demand is made by the Trustee, the Company may pay the principal of and premium, if any, and interest on the Notes of any series to
the Persons entitled thereto, whether or not the principal of and premium, if any, and interest on the Notes of such series are overdue. 

In case 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 such Notes and collect, in the manner provided by law out of the property of the Company or any other obligor on such Notes wherever situated, the moneys adjudged or decreed
to be payable. If any Event of Default with respect to any series of Notes occurs and is continuing, the Trustee may in its discretion proceed to protect and enforce its rights and the rights of the Holders of Notes of such series by such
appropriate judicial proceedings as the Trustee shall deem most effectual to protect and enforce any such rights, whether for the specific enforcement of any covenant or agreement in this Indenture or in aid of the exercise of any power granted
herein, or to enforce any other proper remedy. 
 In case there shall be pending proceedings for the bankruptcy or for the reorganization of
the Company or any other obligor on the Notes of any series under the Federal bankruptcy laws or any other applicable law, or in case a receiver or trustee shall have been appointed for the property of the Company or such other obligor, or in the
case of any other similar judicial proceedings relative to the Company or other obligor upon the Notes of any series, or to the creditors or property of the Company or such other obligor, the Trustee, irrespective of whether the principal of the
Notes of such series 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 7.02, shall be entitled and
empowered by intervention in such proceedings or otherwise, (a) to file and prove a claim or claims for the whole amount of principal and interest owing and unpaid in respect of the Notes of such series, 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 Holders of the Notes of such series allowed in such judicial proceedings relative to the
Company or any other obligor on such Notes, its or their creditors, or its or their property, (b) unless prohibited by applicable law and regulations, to vote on behalf of the Holders of any Notes of any series in any election of a trustee or a
standby trustee in arrangement, reorganization, liquidation or other bankruptcy or insolvency proceedings or person performing similar functions in comparable proceedings, and 

  
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(c) to collect and receive any moneys or other property payable or deliverable on any such claims, and to distribute the same after the deduction of its charges and expenses and any receiver,
assignee or trustee in bankruptcy or reorganization is hereby authorized by each of the Holders of the Notes of such series to make such payments to the Trustee, and, in the event that the Trustee shall consent to the making of such payments
directly to such Holders, to pay to the Trustee such amount as shall be sufficient to cover reasonable compensation to the Trustee, its agents, attorneys and counsel, and all other expenses and liabilities incurred and advances made by the Trustee
except compensation or advances arising, or expenses or liabilities incurred, as a result of the Trustee’s gross negligence or willful misconduct. 

Nothing herein contained shall be deemed to authorize the Trustee to authorize or consent to or accept, or adopt on behalf of any Holder any
plan or reorganization, arrangement, adjustment or composition affecting the Notes or the rights of any Holder thereof, or to authorize the Trustee to vote in respect of the claim of any Holder (except, as aforesaid, for the election of a trustee in
bankruptcy or other Person performing similar functions) in any such proceeding. 
 All rights of action and of asserting claims under this
Indenture, or under any of the Notes of any series, may be enforced by the Trustee without the possession of any of such Notes, or the production thereof on 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 be for the ratable benefit of the Holders of the Notes of such series in respect of which such judgment has been recovered. 

In any proceedings brought by the Trustee (and also any proceedings involving the interpretation of any provision of this Indenture to which
the Trustee shall be a party), the Trustee shall be held to represent all the Holders of the Notes in respect to which such action was taken, and it shall not be necessary to make any Holders of such Notes parties to any such proceedings. 

Section 7.03 Application of Moneys Collected by Trustee. Any moneys collected by the Trustee pursuant to Section 7.02 and any
other money or property distributed in respect of the Company’s obligations under this Indenture after an Event of Default shall be applied in the order following, at the date or dates fixed by the Trustee for the distribution of such moneys,
upon presentation of the Notes of such series, and stamping thereon the payment, if only partially paid, and upon surrender thereof, if fully paid: 

FIRST: To the payment of costs and expenses of collection and reasonable compensation to the Trustee, its agents, attorneys and counsel, and
of all other expenses and liabilities incurred, and all advances made, by the Trustee except compensation or advances arising, or expenses or liabilities incurred, as a result of its gross negligence or willful misconduct, and any other amounts
owing the Trustee under Section 8.06; 
 SECOND: In case the principal of the Notes of such series shall not have become due and be
unpaid, to the payment of interest on such Notes, 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 such Notes, such payments to be made ratable to the Persons entitled thereto; 

  
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 THIRD: In case the principal of the Notes of such series shall have become due, by
declaration or otherwise, to the payment of the whole amount then owing and unpaid upon such Notes 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 such Notes; and in case such moneys shall be insufficient to pay in full the whole amounts so due and unpaid upon such Notes, 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 Note of such series over any other such Note, ratably to the aggregate of such principal and premium, if any, and accrued and unpaid interest; and 

FOURTH: To the payment of any surplus then remaining to the Company, its successors or assigns, or to whomsoever may be lawfully entitled to
receive the same. 
 Section 7.04 Proceedings by Holders. No Holder of any Note of any series shall have any right by virtue of
or by availing of any provision of this Indenture to institute any suit, action or proceeding in equity or at law or in bankruptcy or otherwise upon, under or with respect to this Indenture or for the appointment of a receiver or trustee, or for any
other remedy hereunder, unless such Holder previously shall have given to the Trustee written notice of default and of the continuance thereof, as hereinbefore provided, and unless also the Holders of not less than 25% in aggregate principal amount
of the Notes of such series 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 (and if requested, provided to) the Trustee
such reasonable indemnity as it may require against the costs, expenses and liabilities to be incurred therein or thereby, and the Trustee for 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 given to the Trustee pursuant to Section 7.07), it being understood and intended, and being expressly covenanted by the
taker and Holder of every Note of every series with every other taker and Holder and the Trustee, that no one or more Holders of Notes shall have any right in any manner whatever by virtue of or by availing of any provision of this Indenture to
affect, disturb or prejudice the rights of any other Holder of such Notes, 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 Notes. 
 Section 7.05 Proceedings by Trustee. In case of an Event
of Default hereunder, the Trustee may in its discretion proceed to protect and enforce its rights and the rights of the Holders vested in it by this Indenture by such appropriate judicial proceedings as the Trustee shall deem most effectual 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 7.06 Remedies Cumulative and Continuing. All powers and remedies given by this Article Seven to the Trustee or to the
Holders shall, to the extent permitted by law, be 

  
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deemed cumulative and not exclusive of any thereof or of any other powers and remedies available to the Trustee or the Holders, 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 to exercise any right or power accruing upon any 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 an acquiescence therein; and, subject to the provisions of Section 7.04, every power and remedy given by this Article Seven or by law to the Trustee or to the Holders
may be exercised from time to time, and as often as shall be deemed expedient, by the Trustee or by the Holders. 
 Section 7.07
Direction of Proceedings and Waiver of Defaults by Majority of Holders. The Holders of a majority in aggregate principal amount of the Outstanding Notes of any series shall have the right to direct the time, method, and place of conducting
any proceeding for any remedy available to the Trustee, or exercising any trust or power conferred on the Trustee with respect to the Notes of such series by this Indenture; provided, however, that the Trustee shall have the right to decline to
follow any such direction if (a) the Trustee shall determine upon advice of counsel that the action or proceeding so directed may not lawfully be taken or (b) if the Trustee in good faith shall determine that the action or proceeding so
directed would involve the Trustee in personal liability or (c) if the Trustee in good faith shall so determine that the actions or forbearances specified in or pursuant to such direction would be unduly prejudicial to the interests of Holders
of the Notes of all series not joining in the giving of said directions, it being understood that the Trustee shall have no duty to ascertain whether or not such actions or forbearances are duly prejudicial to such Holders, or (d) if the
Holders of Notes have not provided to the Trustee indemnity or security satisfactory to the Trustee against any loss, liability or expense that may be incurred in connection with taking such action or forbearance. The Trustee may take any other
action deemed proper by the Trustee not inconsistent with such direction. Subject to Section 7.01, the Holders of a majority in aggregate principal amount of the Outstanding Notes of any series may on behalf of the Holders of all the Notes of
such series waive any past default or Event of Default hereunder and its consequences except a default in the payment of principal of or premium, if any, or interest on such Notes, or a default in the making of any sinking fund payment with respect
to such Notes. Upon any such waiver, the Company, the Trustee and the Holders of such Notes shall be restored to their former positions and rights hereunder, respectively; 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 shall have been waived as permitted by this Section 7.07, said default or Event of Default shall for all purposes of the Notes and this Indenture be
deemed to have been cured and to be not continuing. 
 This Section 7.07 shall be in lieu of Sections 316(a)(1)(A) and 316(a)(1)(B) of
the Trust Indenture Act of 1939 and such Sections 316(a)(1)(A) and 316(a)(1)(B) are hereby expressly excluded from this Indenture, as permitted by the Trust Indenture Act of 1939. 

Section 7.08 Notice of Defaults. Within 90 days after the occurrence of any default actually known to a Responsible Officer of the
Trustee hereunder with respect to the Notes of any series, the Trustee shall transmit by first-class by mail, postage prepaid (or in the case of Global Notes, electronically in accordance with the procedures of the Depository), to all Holders of
Notes of such series, as their names and addresses appear in the Note Register, notice of such 

  
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default hereunder known to the Trustee, unless such default shall have been cured or waived; provided, however, that, except in the case of a default in the payment of the principal of (or
premium, if any) or interest on any Note of such series or in the payment of any sinking fund installment with respect to Notes of such series, the Trustee shall be protected in withholding such notice if and so long as the Trustee in good faith
determines that the withholding of such notice is in the interest of the Holders of Notes of such series; and provided, further, that in the case of any default of the character specified in Section 7.01(c) with respect to Notes of such series,
no such notice to Holders shall be given until at least 60 days after the occurrence thereof. For the purpose of this Section, the term “default” means any event which is, or after notice or lapse of time or both would become, an Event of
Default with respect to Notes of such series. 
 Section 7.09 Undertaking to Pay Costs. In any suit for the enforcement of any
right or remedy under this Indenture, or in any suit against the Trustee for any action taken, suffered or omitted by it as Trustee, a court may require any party litigant in such suit to file an undertaking to pay the costs of such suit, and may
assess costs against any such party litigant, in the manner and to the extent provided in the Trust Indenture Act of 1939; provided that neither this Section nor the Trust Indenture Act of 1939 shall be deemed to authorize any court to require such
an undertaking or to make such an assessment in any suit instituted by the Company or the Trustee, and any provision of the Trust Indenture Act of 1939 to such effect is hereby expressly excluded from this Indenture, as permitted by the Trust
Indenture Act of 1939. 
 Section 7.10 Unconditional Right of Holders to Receive Principal, Premium and Interest.
Notwithstanding any other provision in this Indenture, the Holder of any Note shall have the rights, which are absolute and unconditional, to receive payment of the principal of, premium, if any, and (subject to Section 3.08) interest on such
Note on the respective Stated Maturities expressed in such Note (or in the case of redemption or repayment, on the date for redemption or repayment, as the case may be) and to institute suit for the enforcement of any such payment, and such rights
shall not be impaired without the consent of such Holder. 
 ARTICLE 8 

CONCERNING THE TRUSTEE 

Section 8.01 Duties and Responsibilities of Trustee. 

(a) Prior to the occurrence of an Event of Default with respect to a particular series and after the curing or waiving of all Events of
Default which may have occurred with respect to such series, (1) the Trustee undertakes to perform such duties and only such duties as are specifically set forth in this Indenture, and no implied covenants or obligations shall be read into this
Indenture against the Trustee and (2) in the absence of bad faith on its part, the Trustee may conclusively rely, as to the truth of the statements and the correctness of the opinions expressed therein, upon certificates 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 provision hereof are specifically required to be furnished to the Trustee, the Trustee shall be under a duty to
examine the certificates and opinions to determine whether or not they conform to the requirements of this Indenture (but need not confirm or investigate the accuracy of mathematical calculations or other facts stated therein). 

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

(c) 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: 
 (1) this paragraph (c) shall not be construed to limit the effect of
paragraph (a) of this Section 8.01; 
 (2) the Trustee shall not be liable for any error of judgment made in good faith by a
Responsible Officer of the Trustee, unless it shall be proved that the Trustee was negligent in ascertaining the pertinent facts; 
 (3)
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 direction of the Holders of a majority in principal amount of the Outstanding Notes of any series relating to the
time, method and place of conducting any proceeding for any remedy available to the Trustee, or exercising any trust or power conferred upon the Trustee, under this Indenture with respect to the Notes of such series; and no provision of this
Indenture shall require the Trustee to expend or risk its own funds or otherwise incur any financial liability in the performance of any of its duties hereunder, or in the exercise of any of its rights or powers, if it shall have reasonable grounds
for believing that repayment of such funds or adequate indemnity against such risk or liability is not reasonably assured to it. 
 (d)
Whether or not therein expressly so provided, every provision of this Indenture relating to the conduct or affecting the liability of or affording protection to the Trustee shall be subject to the provisions of this Section 8.01. 

Section 8.02 Reliance on Documents, Opinions. Subject to the provisions of Section 8.01, 

(a) the Trustee may rely and shall be protected in acting or refraining from acting upon any resolution, certificate, statement, instrument,
opinion, report, notice, request, consent, order, bond, debenture, note or other paper document believed by it 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 Company Request or Company
Order (unless otherwise evidence in respect thereof be herein specifically prescribed); and any resolution of the Board of Directors may be evidenced to the Trustee by a copy thereof certified by the Secretary or an Assistant Secretary of the
Company; 
 (c) the Trustee may consult with counsel and the advice of such counsel or any Opinion of Counsel shall be full and complete
authorization and protection in respect of any action taken, suffered or omitted by it hereunder in good faith and reliance thereon; 

  
 35 

 (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 or direction of any of the Holders, pursuant to the provisions of this Indenture, unless such Holders shall have provided to the Trustee security or indemnity satisfactory to the Trustee against the costs,
expenses and liabilities which may be incurred by it in compliance with such request or direction; 
 (e) the Trustee shall not be liable
for any action taken, suffered or omitted to be taken by it in good faith and believed by it to be authorized or within the discretion or rights or powers conferred upon it by this Indenture; 

(f) 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, consent, order, approval, bond, debenture, note, or other paper or document, unless requested in writing to do so by the Holders of not less than a majority in principal amount of such Notes then
Outstanding; provided, however, that the reasonable expenses of every such investigation shall be paid by the Company or, if paid by the Trustee, shall be repaid by the Company upon demand; and provided, further, that if the payment within a
reasonable time to the Trustee of the costs, expenses or liabilities likely to be incurred by it in the making of such investigation is, in the opinion of the Trustee, not reasonably assured to the Trustee by the security afforded to it by the terms
of this Indenture, the Trustee may require reasonable indemnity against such expenses or liabilities as a condition to so proceeding; 
 (g)
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 liable or responsible for any misconduct, bad faith or negligence on the
part of any agent or attorney appointed with due care by it hereunder; 
 (h) the Trustee shall not be deemed to have notice or be charged
with knowledge of any default or Event of Default unless written notice of such default or Event of Default from the Company or any Holder is received by a Responsible Officer of the Trustee at the Corporate Trust Office of the Trustee, and such
notice references the Notes and this Indenture: 
 (i) 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; 

(j) the permissive rights of the Trustee enumerated herein shall not be construed as duties; 

(k) in no event shall the Trustee be responsible or liable for special, indirect, punitive or consequential loss or damage of any kind
whatsoever (including, but not limited to, loss of profit) irrespective of whether the Trustee has been advised of the likelihood of such loss or damage and regardless of the form of action; 

(l) the Trustee may request that the Company deliver an Officer’s Certificate setting forth the names of individuals and/or titles of
officers authorized at such time to take 

  
 36 

 
specified actions pursuant to this Indenture, which Officer’s Certificate may be signed by any person authorized to sign an Officer’s Certificate, including any person specified as so
authorized in any such certificate previously delivered and not superseded; 
 (m) 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; and 

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

Section 8.03 No Responsibility for Recitals. The recitals contained herein and in the Notes (except in the Trustee’s
certificate of authentication) shall be taken as the statements of the Company, and the Trustee assumes no responsibility for the correctness of the same. The Trustee makes no representations as to the validity or sufficiency of this Indenture or of
the Notes of any series. The Trustee represents that it is duly authorized to execute and deliver this Indenture. Neither the Trustee nor the Authenticating Agent shall be accountable for the use or application by the Company of any Notes or the
proceeds of any Notes authenticated and delivered by the Trustee hereunder. 
 Section 8.04 Trustee and Agents May Own Notes.
The Trustee, any paying agent, or any agent of the Trustee or the Company under this Indenture, in its individual or any other capacity, may become the owner or pledgee of Notes of any series with the same rights it would have if it were not Trustee
or such agent and, subject to Sections 8.08 and 8.13, if operative, may otherwise deal with the Company and receive, collect, hold, and retain collections from the Company with the same rights it would have if it were not the Trustee or such agent.

 Section 8.05 Moneys to be Held in Trust. Subject to the provisions of Section 13.04, all moneys received by the Trustee
shall, until used or applied as herein provided, be held in trust for the purposes for which they were received, but need not be segregated from other funds except to the extent required by law. Neither the Trustee nor any paying agent shall be
under any liability for interest on, or to invest, any moneys received by it hereunder except such as it may agree with the Company to pay thereon. So long as no Event of Default with respect to the Notes of any series shall have occurred and be
continuing, all interest allowed on any such moneys shall be paid from time to time upon the receipt of a Company Order. 

Section 8.06 Compensation and Expenses of Trustee. The Company covenants and agrees to pay to the Trustee from time to time, and
the Trustee shall be entitled to, reasonable compensation (which shall not be limited by any provision of law in regard to the compensation of a trustee of an express trust), and the Company will pay or reimburse the Trustee upon its request for all
reasonable expenses, disbursements and advances incurred or made by the Trustee in accordance with any of the provisions of this Indenture (including the reasonable 

  
 37 

 
compensation and the expenses and disbursements of its counsel and all persons not regularly in its employ and any amounts paid by the Trustee to any Authenticating Agent pursuant to
Section 8.14) except any such expense, disbursement or advance as may arise from its gross negligence or willful misconduct. The Company also covenants to indemnify the Trustee for, and to hold it harmless against, any loss, damage, claim,
liability or expense incurred without gross negligence or willful misconduct on the part of the Trustee and arising out of or in connection with this Indenture, including the acceptance or administration of this trust, or the performance of its
duties hereunder, including the current payment of all costs and expenses of defending itself against any claim of liability in the premises. The obligations of the Company under this Section 8.06 to compensate and indemnify the Trustee and to
pay or reimburse the Trustee for expenses, disbursements and advances shall constitute additional indebtedness hereunder. Such additional indebtedness shall be secured by a lien prior to that of the Notes upon all property and funds held or
collected by the Trustee as such, except funds held in trust for the benefit of the Holders of particular Notes. In addition to, but without prejudice to its other rights under this indenture or available to the Trustee under applicable law, when
the Trustee incurs expenses or renders services in connection with an Event of Default specified in Section 7.01(g) or Section 7.01(h), the expenses (including the reasonable charges and expenses of its counsel) and the compensation for
the services are intended to constitute expenses of administration under any applicable Federal or state bankruptcy, insolvency or other similar law. 

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

Section 8.07 Officer’s Certificate as Evidence. Subject to the provisions of Section 8.01, whenever in the
administration of the provisions of this Indenture the Trustee shall deem it necessary or desirable that a matter be proved or established prior to taking or omitting any action hereunder, such matter (unless other evidence in respect thereof be
herein specifically prescribed) may, in the absence of gross negligence or willful misconduct on the part of the Trustee, be deemed to be conclusively proved and established by an Officer’s Certificate conforming to the requirements of this
Indenture delivered to the Trustee, and such Certificate, in the absence of gross negligence or willful misconduct on the part of the Trustee, shall be full warrant to the Trustee for any action taken or omitted by it under the provisions of this
Indenture upon the faith thereof. 
 Section 8.08 Conflicting Interest of Trustee. If the Trustee has or shall acquire any
conflicting interest within the meaning of the Trust Indenture Act of 1939, the Trustee shall either eliminate such conflicting interest or resign in the manner provided by, and subject to the provisions of, the Trust Indenture Act of 1939 and this
Indenture. 
 Section 8.09 Eligibility of Trustee. There shall at all times be a Trustee with respect to each series of Notes
hereunder which shall be a Person organized and doing business under the laws of the United States or any state or territory thereof or of the District of Columbia authorized under such laws to exercise trust powers, having a combined capital and
surplus of at 

  
 38 

 
least $50,000,000, subject to supervision or examination by Federal, state, territorial, or District of Columbia authority and willing to act as Trustee hereunder. If such Person publishes
reports of condition at least annually, pursuant to law or to the requirements of the aforesaid supervising or examining authority, then for the purposes of this Section 8.09, the combined capital and surplus of such Person shall be deemed to
be its combined capital and surplus as set forth in its most recent report of condition so published. In case at any time the Trustee with respect to any series of Notes shall cease to be eligible in accordance with the provisions of this
Section 8.09, such Trustee shall resign immediately in the manner and with the effect specified in Section 8.10. 

Section 8.10 Resignation or Removal of Trustee. The Trustee may at any time resign with respect to any series of Notes by giving
written notice by first class mail of such resignation to the Company and to the Holders of such series of Notes at their addresses as they shall appear on the Note Register. Upon receiving such notice of resignation, the Company shall promptly
appoint a successor trustee with respect to such series 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 with respect to such series shall have been so appointed and have accepted appointment within 45 days after the mailing of such notice of resignation to the Holders, the resigning Trustee may, at the expense of the
Company, petition any court of competent jurisdiction for the appointment of a successor trustee, or any Holder of such series of Notes who has been a bona fide Holder of a Note or Notes of such series for at least six months may, subject to the
provisions of Section 7.09, on behalf of such Holder and all others similarly situated, petition any such court for the appointment of a successor trustee with respect to such series. Such court may thereupon, after such notice, if any, as it
may deem proper and prescribe, appoint such successor trustee. 
 (a) In case at any time any of the following shall occur: 

(1) the Trustee shall fail to comply with the provisions of Section 8.08 after written request therefor by the Company or by any Holder
who has been a bona fide Holder of a Note or Notes of such series for at least six months, unless the Trustee’s duty to resign is stayed in accordance with the provisions of Section 310(b) of the Trust Indenture Act of 1939; 

(2) the Trustee shall cease to be eligible in accordance with the provisions of Section 8.09 and shall fail to resign after written
request therefor by the Company or by any such Holder of a Note of such series; or 
 (3) the Trustee shall become incapable of acting with
respect to any series of Notes, or shall be adjudged 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 with respect to such series and appoint
a successor trustee for such series by Company Order, one copy of which Company Order shall be delivered to the Trustee so removed and one copy to the successor trustee, or, subject to the provisions of Section 7.09, any Holder who has been a
bona fide Holder of a Note or Notes of such series for at least six months may, on behalf of such Holder and all others 

  
 39 

 
similarly situated, petition any court of competent jurisdiction for the removal of the Trustee and the appointment of a successor trustee with respect to such series. Such court may thereupon,
after such notice, if any, as it may deem proper and prescribe, remove such Trustee and appoint such successor trustee. 
 (b) The Holders
of a majority in aggregate principal amount of the Outstanding Notes of any series may at any time remove the Trustee with respect to such series by delivering to the Trustee so removed, to the successor trustee so appointed and to the Company the
evidence provided for in Section 9.01 of the action in that regard taken by the Holders, and nominate a successor Trustee which shall be deemed appointed as successor Trustee unless within ten days after such nomination the Company objects
thereto, in which case the Trustee so removed or any Holder of a Note or Notes of such series, upon the terms and conditions and otherwise as in paragraph (a) of this Section 8.10 provided, may petition any court of competent jurisdiction
for an appointment of a successor Trustee with respect to such series. 
 (c) Any resignation or removal of the Trustee with respect to all
or any series of Notes and any appointment of a successor Trustee pursuant to any of the provisions of this Section 8.10 shall become effective upon acceptance of appointment by the successor Trustee as provided in Section 8.11. 

Section 8.11 Acceptance by Successor Trustee. Any successor Trustee appointed as provided in Section 8.10 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 with respect to all or any series as
to which it is resigning as Trustee, 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 respect to all or any such
series, with like effect as if originally named as Trustee herein with respect to all or any such series nevertheless, on the written request of the Company or of the successor Trustee, the Trustee ceasing to act shall, upon payment of any amounts
then due it pursuant to the provisions of Section 8.06, execute and deliver an instrument transferring to such successor Trustee all the rights and powers of the Trustee with respect to all or any such series 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 or funds held or collected by such Trustee with respect to all or any series as to which it is ceasing to act as Trustee, to secure any amounts, including indemnities, then due it pursuant to the provisions of
Section 8.06. 
 No successor Trustee shall accept appointment as provided in this Section 8.11 unless at the time of such
acceptance such successor Trustee shall be qualified under the provisions of Section 8.08 and eligible under the provisions of Section 8.09. 

Upon acceptance of appointment by a successor Trustee with respect to all or any series of Notes as provided in this Section 8.11, the
Company shall mail notice of the succession of such Trustee hereunder to the Holders of Notes of such series at their addresses as they shall appear on the Note Register. If the Company fails to mail such notice within ten days after acceptance of
appointment by the successor Trustee, the successor Trustee shall cause such notice to be mailed at the expense of the Company. 

  
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 In case of the appointment hereunder of a successor Trustee with respect to the Notes of one
or more (but not all) series, the Company, the retiring Trustee and each successor Trustee with respect to the Notes of any applicable series shall execute and deliver an indenture supplemental hereto which shall contain such provisions as shall be
deemed necessary or desirable to confirm that all the rights, powers, trusts and duties of the retiring Trustee with respect to the Notes of any series as to which the retiring Trustee is not retiring shall continue to be vested in the retiring
Trustee, and shall add to or change any of the provisions of this Indenture as shall be necessary to provide for or facilitate the administration of the trusts hereunder by more than one Trustee, it being understood that nothing herein or in such
supplemental indenture shall constitute such Trustees co-trustees of the same trust and that each such Trustee shall be Trustee of a trust or trusts hereunder separate and apart from any trust or trusts
hereunder administered by any other such Trustee. 
 Section 8.12 Succession by Merger. Subject to Sections 8.08 and 8.09, any
Person into which the Trustee may be merged or converted or with which it may be consolidated, or any Person resulting from any merger, conversion or consolidation to which the Trustee shall be a party, or any Person succeeding to all or
substantially all the corporate trust business of the Trustee, shall be the successor of the Trustee hereunder without the execution or filing of any paper or any further act on the part of any of the parties hereto. 

In case at the time any successor to the Trustee by merger, conversion or consolidation shall succeed to the trusts created by this Indenture
any of the Notes shall have been authenticated but not delivered, any such successor to the Trustee may adopt the certificate of authentication of any predecessor Trustee, and deliver such Notes so authenticated; and in case at that time any of the
Notes shall not have been authenticated, any such successor to the Trustee may authenticate such Notes either in the name of the predecessor Trustee or such successor Trustee; and in all such cases such certificate shall have the full force which it
is anywhere in the Notes or in this Indenture provided that the certificate of the Trustee shall have. 
 Section 8.13 Limitation on
Rights of Trustee as a Creditor. If and when the Trustee shall be or become a creditor of the Company (or any other obligor upon the Notes), the Trustee shall be subject to the provisions of the Trust Indenture Act of 1939 regarding the
collection of claims against the Company (or any such other obligor). 
 Section 8.14 Authenticating Agents. There may be an
Authenticating Agent or Authenticating Agents appointed by the Trustee from time to time with power to act on its behalf and subject to its direction in the authentication and delivery of any series of Notes issued upon original issuance, exchange,
transfer or redemption thereof as fully to all intents and purposes as though such Authenticating Agent (or Authenticating Agents) had been expressly authorized to authenticate and deliver such Notes, and Notes so authenticated shall be entitled to
the benefits of this Indenture and shall be valid and obligatory for all purposes as though authenticated by the Trustee hereunder. For all purposes of this Indenture, the authentication and delivery of Notes by any Authenticating Agent pursuant to
this Section 8.14 shall be deemed to be the authentication and delivery of such Notes “by the Trustee”, and whenever this Indenture provides that “the 

  
 41 

 
Trustee shall authenticate and deliver” Notes or that Notes “shall have been authenticated and delivered by the Trustee”, such authentication and delivery by any Authenticating
Agent shall be deemed to be authentication and delivery by the Trustee. Any such Authenticating Agent shall at all times be a Person organized and doing business under the laws of the United States of America or of any state or territory thereof or
the District of Columbia, with a combined capital and surplus of at least $50,000,000 and authorized under such laws to act as an authenticating agent, duly registered to act as such, if and to the extent required by applicable law and subject to
supervision or examination by Federal or state authority. If such Person publishes reports of its condition at least annually pursuant to law or the requirements of such authority, then for the purposes of this Section 8.14 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 an Authenticating Agent shall cease to be eligible in accordance with the provisions
of this Section 8.14, or to be duly registered if and to the extent required by applicable law and regulations, it shall resign immediately in the manner and with the effect herein specified in this Section 8.14. 

Whenever reference is made in this Indenture to the authentication and delivery of Notes of any series by the Trustee or the Trustee’s
certificate of authentication, such reference shall be deemed to include authentication and delivery on behalf of the Trustee by its Authenticating Agent appointed with respect to the Notes of such series and a certificate of authentication executed
on behalf of the Trustee by its Authenticating Agent appointed with respect to the Notes of such series. 
 Any Person into which any
Authenticating Agent may be merged or converted or with which it may be consolidated, or any Person resulting from any merger, consolidation or conversion to which any Authenticating Agent shall be a party, or any Person succeeding to the
authenticating agency business of any Authenticating Agent, shall be the successor of such Authenticating Agent hereunder, if such successor Person is otherwise eligible under this Section 8.14, without the execution or filing of any paper or
any further act on the part of the parties hereto or such Authenticating Agent or such successor Person. 
 In case at the time such
successor to any such agency shall succeed to such agency any of the Notes shall have been authenticated but not delivered, any such successor to such Authenticating Agent may adopt the certificate of authentication of any predecessor Authenticating
Agent and deliver such Notes so authenticated; and in case at that time any of the Notes shall not have been authenticated, any successor to any Authenticating Agent may authenticate such Notes either in the name of any predecessor hereunder or in
the name of the successor Authenticating Agent; and in all cases such certificate shall have the full force which it is anywhere in the Notes or in this Indenture provided that the certificate of the predecessor Authenticating Agent shall have such
force; provided, however, that the right to adopt the certificate of authentication of any predecessor Authenticating Agent or to authenticate Notes in the name of any predecessor Authenticating Agent shall apply only to its successor or successors
by merger, conversion or consolidation. 
 Any Authenticating Agent may at any time resign as Authenticating Agent with respect to any
series of Notes 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 with respect to 

  
 42 

 
any series of Notes 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 such Authenticating Agent shall cease to be eligible under this Section 8.14, the Trustee may, and shall, upon request of the Company, promptly use its best efforts to appoint a successor Authenticating Agent. 

Upon the appointment, at any time after the original issuance of any of the Notes, of any successor, additional or new Authenticating Agent,
the Trustee shall give written notice of such appointment to the Company and shall at the expense of the Company mail notice of such appointment to all Holders of Notes of such series as the names and addresses of such Holders appear on the Note
Register. 
 Any successor Authenticating Agent with respect to any series of Notes upon acceptance of its appointment hereunder shall
become vested with all the rights, powers and duties of its predecessor hereunder, with like effect as though originally named as an Authenticating Agent herein with respect to such series. No successor Authenticating Agent shall be appointed unless
eligible under the provisions of this Section 8.14 and duly registered if and to the extent required under applicable law and regulations. 

Any Authenticating Agent by the acceptance of its appointment with respect to any series of Notes shall be deemed to have agreed with the
Trustee that: (a) it will perform and carry out the duties of an Authenticating Agent as herein set forth with respect to such series, including the duties to authenticate and deliver Notes when presented to it in connection with exchanges,
registrations of transfer or redemptions thereof; (b) it will keep and maintain, and furnish to the Trustee from time to time as requested by the Trustee appropriate records of all transactions carried out by it as Authenticating Agent and will
furnish the Trustee such other information and reports as the Trustee may reasonably require; (c) it is eligible for appointment as Authenticating Agent under this Section 8.14 and will notify the Trustee promptly if it shall cease to be
so qualified; and (d) it will indemnify the Trustee against any loss, liability or expense incurred by the Trustee and will defend any claim asserted against the Trustee by reason of any acts or failures to act of the Authenticating Agent with
respect to such series but it shall have no liability for any action taken by it at the specific written direction of the Trustee. 
 The
Company agrees to pay to each Authenticating Agent from time to time reasonable compensation and expenses for its services, and the Trustee shall have no liability for such payments. 

The provisions of Sections 8.02(a), (b), (c), (e) and (f), 8.03, 8.04, 8.06 (insofar as it pertains to indemnification), 3.09, 9.01 and 9.02
shall bind and inure to the benefit of each Authenticating Agent to the same extent that they bind and inure to the benefit of the Trustee. 

If an appointment with respect to one or more series is made pursuant to this Section 8.14, the Notes of such series may have endorsed
thereon, in addition to the Trustee’s certificate of authentication, an alternate certificate of authentication in the following form: 

This is one of the Notes of the series designated therein issued under the within-mentioned Indenture. 

  
 43 

 
			
	  
 as Trustee

		
	By:	 	  

		 	Authorized Signatory

 Section 8.15 Trustee’s Application for Instructions from the Company. Any
application by the Trustee for written instructions from the Company 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 Business Days after the date any officer of the Company is deemed to receive such application in accordance with Section 15.03 (including the copy of such application required to be sent via e-mail thereunder), 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. 
 ARTICLE 9 

CONCERNING THE HOLDERS 

Section 9.01 Action by Holders. Whenever in this Indenture it is provided that the Holders of a specified percentage in aggregate
principal amount of the Notes of any series 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 of such series have joined therein may be evidenced (a) by any instrument or any number of instruments of similar tenor executed by Holders of such series in person or by agent or proxy appointed in writing,
or (b) by the record of the Holders of such series voting in favor thereof at any meeting of such Holders duly called and held in accordance with the provisions of Article 9, or (c) by a combination of such instrument or instruments and
any such record of such a meeting of Holders of such series. Such instrument or instruments and any such record (and the action embodied therein and evidenced thereby) are herein sometimes referred to as the “Act” of the Holders signing
such instrument or instruments or so voting at any such meeting. 
 Section 9.02 Proof of Execution by Holders. Subject to the
provisions of Sections 8.01, 8.02 and 10.05, proof of the execution of any instrument by a Holder or such Holder’s 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 ownership of Notes shall be provided by the Note Register or by a certificate of the Note Registrar with respect to a series of Notes. 

The record of any Holders’ meeting shall be proved in the manner provided in Section 10.06. 

  
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 Section 9.03 Company-Owned Notes Disregarded. In determining whether the Holders
of the requisite aggregate principal amount of Notes of any series have given any request, demand, authorization, direction, notice, consent, or waiver under this Indenture, Notes of such series which are owned by the Company or any other obligor
upon such Notes or any Affiliate of the Company or such other obligor (except in the case in which the Company or such other obligor or Affiliate owns all Notes Outstanding under the Indenture, or all Outstanding Notes of each such series, as the
case may be, without regard to this proviso) shall be disregarded and deemed not to be Outstanding for the purpose of any such determinations; provided, however, that for the purposes of determining whether the Trustee shall be protected in relying
on any such request, demand, authorization, direction, notice, consent, or waiver only such Notes which a Responsible Officer of the Trustee actually knows are so owned shall be so disregarded. Notes so owned which have been pledged in good faith
may be regarded as Outstanding notwithstanding this Section 9.03 if the pledgee shall establish to the satisfaction of the Trustee the right of the pledgee to act with respect to such Notes and that the pledgee is not a Person directly or
indirectly controlling or controlled by or under direct or indirect common control with the Company or any such other obligor. Upon request of the Trustee, the Company shall furnish to the Trustee promptly an Officer’s Certificate listing and
identifying all Notes of a series, if any, known by the Company to be owned or held by or for the account of the Company or any other obligor on such Notes or by any Person directly or indirectly controlling or controlled by or under direct or
indirect common control with the Company or any other obligor on such Notes; and, subject to the provisions of Section 8.01, the Trustee shall be entitled to accept such Officer’s Certificates as conclusive evidence of the facts therein
set forth and of the fact that all such Notes not listed therein are Outstanding for the purpose of any such determination. 

Section 9.04 Revocation of Consents; Future Holders Bound. At any time prior to (but not after) the evidencing to the Trustee, as
provided in Section 9.01, of the taking of any action by the Holders of the percentage in aggregate principal amount of the Notes of any series specified in this Indenture in connection with such action, any Holder of a Note which is shown by
the evidence to be included in the Notes the Holders of which have consented to or are bound by consents to such action, may, by filing written notice with the Trustee at the Corporate Trust Office and upon proof of holding as provided in
Section 9.02, revoke such action so far as concerns such Note. Except as aforesaid any such action taken by the Holder of any Note shall be conclusive and binding upon such Holder and upon all future Holders and owners of such Note and of any
Note issued on registration of transfer thereof or in exchange or substitution therefor, irrespective of whether or not any notation in regard thereto is made upon any such Note. Any action taken by the Holders of the percentage in aggregate
principal amount of the Notes specified in this Indenture in connection with such action shall be conclusively binding upon the Company, the Trustee and the Holders of all of the Notes affected by such action. 

ARTICLE 10 

HOLDERS’ MEETINGS 

Section 10.01 Purposes of Meetings. A meeting of Holders of the Notes of all or any series may be called at any time and from time
to time pursuant to the provisions of this Article 10 for any of the following purposes: 

  
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 (a) to give any notice to the Company or to the Trustee with respect to such series, or to
give any directions to the Trustee, or to consent to the waiving of any default hereunder and its consequences, or to take any other action authorized to be taken by Holders pursuant to any of the provisions of Article 7; 

(b) to remove the Trustee and nominate a successor trustee pursuant to the provisions of Article 8; 

(c) to consent to the execution of an indenture or indentures supplemental hereto pursuant to the provisions of Section 11.02; or 

(d) to take any other action authorized to be taken by or on behalf of the Holders of any specified aggregate principal amount of the Notes of
all or any series, as the case may be, under any other provision of this Indenture or under applicable law. 
 Section 10.02 Call of
Meetings by Trustee. The Trustee may at any time call a meeting of Holders of Notes of all or any series to take any action specified in Section 10.01, to be held at such time and at such place as the Trustee shall determine. Notice of
every meeting of the Holders of Notes of all or any series, setting forth the time and place of such meeting and in general terms the action proposed to be taken at such meeting, shall be mailed by the Trustee to Holders of Notes of each series that
may be affected by the action proposed to be taken at such meeting at their addresses as they shall appear on the Note Register. Such notice shall be mailed not less than 20 nor more than 90 days prior to the date fixed for the meeting. 

Section 10.03 Call of Meetings by Company or Holders. In case at any time the Company, pursuant to a resolution by the Board of
Directors, or the Holders of at least 10% in aggregate principal amount of the Notes then Outstanding of each series that may be affected by the action proposed to be taken shall have requested the Trustee to call a meeting of such Holders, by
written request setting forth in reasonable detail the action proposed to be taken at the meeting, and the Trustee shall not have mailed the notice of such meeting within 20 days after receipt of such request, then the Company or such Holders may
determine the time and place for such meeting and may call such meeting to take any action authorized in Section 10.01, by mailing notice thereof as provided in Section 10.02. 

Section 10.04 Qualifications for Voting. To be entitled to vote at any meeting of Holders of Notes a person shall (a) be a
Holder of one or more Notes of a series affected by the action proposed to be taken or (b) be a Person appointed by an instrument in writing as proxy by a Holder of one or more such Notes. The rights of Holders of Notes to have their votes
counted shall be subject to the provision in the definition of “Outstanding” in Section 1.01. The only Persons who shall be entitled to be present or to speak at any meeting of Holders of Notes shall be the Persons
entitled to vote at such meeting and their counsel, any representatives of the Trustee and its counsel and any representatives of the Company and its counsel. 

Section 10.05 Regulations. Notwithstanding any other provisions of this Indenture, the Trustee may make such reasonable
regulations as it may deem advisable for any meeting of Holders of Notes, in regard to proof of the holding of Notes and of the appointment of proxies, and in regard to the appointment and duties of inspectors of votes, the submission and

  
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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. Except as otherwise permitted or
required by any such regulation, the holding of Notes shall be proved in the manner specified in Section 9.02 and the appointment of any proxy shall be proved in the manner specified in said Section 9.02 or by having the signature of the
Person executing the proxy witnessed or guaranteed by any bank, broker or trust company. 
 The Trustee shall, by an instrument in writing,
appoint a temporary chairman of the meeting, unless the meeting shall have been called by the Company or by Holders of Notes as provided in Section 10.03, in which case the Company or the Holders of Notes calling the meeting, as the case may
be, shall in like manner appoint a temporary chairman. A permanent chairman and a secretary of the meeting shall be elected by vote of the Holders of a majority in aggregate principal amount of the Notes represented at the meeting and entitled to
vote. 
 Subject to the provisions of Section 9.03, at any meeting each Holder of a Note of a series entitled to vote at such meeting
or proxy shall be entitled to one vote for each $1,000 principal amount of Notes of such series held or represented by such Holder; provided, however, that no vote shall be cast or counted at any meeting in respect of any Note challenged as not
Outstanding and ruled by the chairman of the meeting to be not Outstanding. The chairman of the meeting shall have no right to vote except as a Holder of Notes of such series or proxy therefor. Any meeting of Holders of Notes duly called pursuant to
the provisions of Section 10.02 or 10.03 may be adjourned from time to time and the meeting may be held as so adjourned without further notice. 

At any meeting of Holders of Notes, the presence of Persons holding or representing Notes in an aggregate principal amount sufficient to take
action upon the business for the transaction of which such meeting was called shall be necessary to constitute a quorum; but, if less than a quorum be present, the Persons holding or representing a majority of the Notes represented at the meeting
may adjourn such meeting with the same effect, for all intents and purposes, as though a quorum had been present. 
 Section 10.06
Voting. The vote upon any resolution submitted to any meeting of Holders of Notes shall be by written ballots on which shall be subscribed the signatures of the Holders of Notes entitled to vote at such meeting or of their representatives by
proxy, and the letter or letters, serial number or numbers or other distinguishing marks of the Notes held or represented by each such Holder. The permanent chairman of the meeting shall appoint two inspectors of votes who shall count all votes cast
at the meeting for or against any resolution and who shall make and file with the secretary of the meeting their verified written reports in duplicate of all votes cast at the meeting. A record in duplicate of the proceedings of each meeting of
Holders of Notes 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 10.02. 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. 

  
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 Any record so signed and verified shall be conclusive evidence of the matters therein
stated. 
 Section 10.07 No Delay of Rights by Meeting. Nothing contained in this Article Ten shall be deemed or construed to
authorize or permit, by reason of any call of a meeting of Holders of Notes of any or all series or any rights expressly or impliedly conferred hereunder to make such call, any hindrance or delay in the exercise of any right or rights conferred upon
or reserved to the Trustee or to the Holders of Notes under any of the provisions of this Indenture or of the Notes. 
 ARTICLE 11

 SUPPLEMENTAL INDENTURES 

Section 11.01 Supplemental Indentures without Consent of Holders. The Company, when authorized by a Board Resolution, and the
Trustee may from time to time and at any time enter into an indenture or indentures supplemental hereto (which shall conform to the provisions of the Trust Indenture Act of 1939 as in force at the date of the execution thereof) for one or more of
the following purposes: 
 (a) 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 Articles 5 and 12 hereof; 
 (b) to add to the
covenants of the Company such further covenants, restrictions, conditions or provisions as the Board of Directors shall consider to be for the protection of the Holders of Notes of any or all series, and to make the occurrence, or the occurrence and
continuance, of a default in any of such additional covenants, restrictions, conditions or provisions a default or an Event of Default with respect to such series permitting the enforcement of all or any of the several remedies provided in this
Indenture as herein set forth; provided, however, 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; 

(c) to cure any ambiguity or to correct or supplement any provision contained herein or in any supplemental indenture which may be defective
or inconsistent with any other provision contained herein or in any supplemental indenture or to make any changes hereto that are required by law; 

(d) to convey, transfer, assign, mortgage or pledge any property to or with the Trustee; 

(e) to make such other provisions in regard to matters or questions arising under this Indenture as shall not adversely affect the interests
of the Holders of the Notes and to make any change that would provide additional rights or benefits to the Holders of Notes of any or all series or that does not adversely affect the legal rights under this Indenture of any such Holder of Notes;

  
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 (f) to evidence and provide for the acceptance of appointment by another Person as a
successor Trustee hereunder with respect to one or more series of Notes and to add to or change any of the provisions of this Indenture as shall be necessary to provide for or facilitate the administration of the trusts hereunder by more than one
Trustee, pursuant to Section 8.11; 
 (g) to modify, amend or supplement this Indenture in such a manner as to permit the qualification
of any indenture supplemental hereto under the Trust Indenture Act of 1939 as then in effect, except that nothing herein contained shall permit or authorize the inclusion in any indenture supplemental hereto of the provisions referred to in
Section 316(a)(2) of the Trust Indenture Act of 1939; 
 (h) to provide for the issuance under this Indenture of Notes in coupon form
(including Notes registrable as to principal only) and to provide for exchangeability of such Notes with Notes of the same series issued hereunder in fully registered form and to make all appropriate changes for such purpose; 

(i) to change or eliminate any of the provisions of this Indenture; provided, however, that any such change or elimination shall become
effective only when there is no Note Outstanding of any series created prior to the execution of such supplemental indenture which is entitled to the benefit of such provision; or 

(j) to establish the form of the Notes of a series and to provide for the issuance of Notes of a series, as permitted by Section 3.01,
and to set forth the terms thereof. 
 Subject to Section 11.05, the Trustee is hereby required to join with the
Company in the execution of any such supplemental indenture, to make any further appropriate agreements and stipulations which may be therein contained and to accept the conveyance, transfer, assignment, mortgage or pledge of any property
thereunder, but the Trustee shall not be obligated to enter into any such supplemental indenture which affects the Trustee’s own rights, duties or immunities under this Indenture or otherwise. 

Any supplemental indenture authorized by the provisions of this Section 11.01 may be executed by the Company and the Trustee without the
consent of the Holders of any of the Notes at the time Outstanding, notwithstanding any of the provisions of Section 11.02. 

Section 11.02 Supplemental Indentures with Consent of Holders. With the consent (evidenced as provided in Section 9.01) of
the Holders of greater than 50% in aggregate principal amount of the Outstanding Notes of each series affected by such supplemental indenture (each such series voting as a single and separate class), by Act of said Holders delivered to the Company
and the Trustee, the Company, when authorized by a Board Resolution, 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 of any supplemental indenture or of modifying in any manner the rights of the Holders of the Notes of each series under this Indenture; provided, however, that no such supplemental
indenture shall, without the consent of the Holders of all of the Outstanding Notes of each series affected, (a) change the Stated Maturity of the principal of, or any premium or installment of interest on, any Note of such series or make the
principal 

  
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thereof or interest or premium thereon payable in any coin or currency other than that provided in the Notes of such series; (b) reduce the principal amount of, or the rate, or modify the
calculation of such rate, of interest on, or any premium payable upon the redemption of, any Note of such series; (c) reduce the amount of the principal of any Original Issue Discount Note that would be due and payable upon a declaration of
acceleration of the maturity thereof or the amount thereof provable in bankruptcy; (d) change the redemption provisions of any Note in a manner adverse to the rights of the Holders thereof or adversely affect the right of repayment at the
option of any Holder of any Note of such series; (e) change the Place of Payment or the coin or currency in which the principal of, any premium or interest on any Note of such series is payable; (f) impair the right to institute suit for
the enforcement of any payment on or after the Stated Maturity of any Note of such series or, in the case of redemption, on or after the Redemption Date or, in the case of repayment at the option of any Holder, on or after the repayment date;
(g) make any change that adversely affects the right to convert or exchange any Note into or for ordinary shares or preferred shares or other securities, cash or property in accordance with its terms; (h) amend Sections 5.02, 5.03 and 5.04
in any manner that is materially adverse to the rights of Holders of any series of Notes; or (i) reduce the percentage of Notes of such series, the Holders of which are required to: (i) consent to any supplemental indenture,
(ii) rescind and annul a declaration that the Notes of such series are due and payable as a result of the occurrence of an Event of Default, (iii) waive any past Event of Default and its consequences, or (iv) waive compliance with the
provisions of this Indenture or with any additional covenant, agreement or condition contained in a Board Resolution or Officer’s Certificate establishing such series of Notes, any indenture supplemental hereto applicable to such series or any
Note of such series. 
 Upon the Trustee’s receipt of a Company Request, accompanied by a copy of a Board Resolution certified by its
Secretary or Assistant Secretary authorizing the execution of any such supplemental indenture, and upon the filing with the Trustee of evidence of the consent of Holders of Notes as aforesaid, subject to Section 11.05, 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. 
 A supplemental indenture which changes or
eliminates any covenant or other provision of this Indenture which has expressly been included solely for the benefit of one or more particular series of Notes, or which modifies the rights of the Holders of Notes of such series with respect to such
covenant or other provision, shall be deemed not to affect the rights under this Indenture of the Holders of Notes of any other series. 

It shall not be necessary for the consent of the Holders of Notes under this Section 11.02 to approve the particular form of any proposed
supplemental indenture, but it shall be sufficient if such consent shall approve the substance thereof. 
 Section 11.03 Effect of
Supplemental Indentures. Upon the execution of any supplemental indenture pursuant to the provisions of this Article 11, 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 

  
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Company and the Holders of Notes 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 11.04 Notation on Notes. Notes authenticated and delivered after the execution of any supplemental indenture pursuant to
the provisions of this Article 11 may bear a notation as to any matter provided for in such supplemental indenture. If the Company or the Trustee shall so determine, new Notes of any series 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 be prepared and executed by the Company, authenticated by the Trustee and delivered in exchange for the Outstanding Notes of
such series. 
 Section 11.05 Evidence of Compliance of Supplemental Indenture to be Furnished Trustee. The Trustee, subject to
the provisions of Sections 8.01 and 8.02, shall receive, and shall be fully protected in relying upon, an Officer’s Certificate and an Opinion of Counsel as conclusive evidence that any supplemental indenture executed pursuant hereto complies
with the requirements of this Article 11 and is authorized and permitted by this Indenture. 
 ARTICLE 12 

CONSOLIDATION, MERGER, SALE AND CONVEYANCE 

Section 12.01 Company May Consolidate on Certain Terms. Nothing contained in this Indenture or in any of the Notes shall prevent
any consolidation or merger of the Company with or into any other Person (whether or not affiliated with the Company), or successive consolidations or mergers in which the Company or its successor or successors shall be a party or parties, or shall
prevent any sale, conveyance or lease of all or substantially all of the property of the Company to any other Person (whether or not affiliated with the Company) authorized to acquire and operate the same; provided, however, and the Company hereby
covenants and agrees, that any such consolidation, merger, sale, conveyance or lease shall be upon the condition that (a) immediately after such consolidation, merger, sale, conveyance or lease, the Person (whether the Company or such other
Person) formed by or surviving any such consolidation or merger, or to which such sale, conveyance or lease shall have been made, shall not be in default in the performance or observance of any of the terms, covenants and conditions of this
Indenture to be kept or performed by the Company; and (b) the due and punctual payment of the principal of and premium, if any, and interest on all of the Notes, 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 or observed by the Company, shall be expressly assumed, by supplemental indenture satisfactory in form 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 which shall have acquired or leased such property. 

Section 12.02 Successor Entity to be Substituted. In case of any such consolidation, merger, sale, conveyance 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
Notes and the due and punctual performance and observance of all of the covenants and 

  
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conditions of this Indenture to performed or observed 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 the first part, and (except in the event of a conveyance by way of lease) the predecessor Person shall be relieved of any further obligation under this Indenture and the Notes. 

In case of any such consolidation, merger, sale, conveyance or lease such changes in phraseology and form (but not in substance) may be made
in the Notes thereafter to be issued as may be appropriate. 
 Section 12.03 Opinion of Counsel to Be Given to the Trustee. The
Trustee, subject to Sections 8.01 and 8.02, shall receive an Opinion of Counsel as conclusive evidence that any such consolidation, merger, sale conveyance or lease and any such assumption complies with the provisions of this Article 12 and that all
conditions precedent herein provided relating to such transactions have been complied with. 
 ARTICLE 13 

SATISFACTION, DISCHARGE AND DEFEASANCE OF INDENTURE 

Section 13.01 Satisfaction, Discharge and Legal Defeasance of Notes of any Series. The Company shall be deemed to have paid and
discharged the entire indebtedness on all the Notes of a series, the provisions of this Indenture (except as to (x) the rights of Holders of Notes of such series to receive, from the money, in the currency required, and Government Obligations
deposited with the Trustee pursuant to Section 13.02(a) or the interest and principal received by the Trustee in respect of such Government Obligations, payment of the principal of (and premium, if any) and any installment of principal of (and
premium, if any) or interest on such Notes on the Stated Maturities thereof or upon the Redemption Dates for Notes required to be redeemed pursuant to any mandatory sinking fund or analogous provisions relating to Notes of that series or pursuant to
any call for redemption relating to Notes of that series, (y) the Company’s rights and obligations with respect to such Notes under Sections 3.06, 3.07, 5.01, 5.02, 5.03, 5.04, 8.06, 8.10, 8.11, 13.03 and 13.04, and (z) the rights,
powers, trusts, duties and immunities of the Trustee with respect to the Notes of such series) as it relates to such Notes shall no longer be in effect on the 91st day after it has made the deposit referred to in Section 13.01(a)(2), and the
Trustee, at the expense of the Company, shall, upon Company Request, execute proper instruments acknowledging the same if: 
 (a) (1) all
Notes of such series therefor authenticated and delivered (other than (A) Notes which have been destroyed, lost or stolen and which have been replaced or paid as provided in Section 3.07 and (B) Notes for whose payment money has
theretofor been deposited in trust or segregated and held in trust by the Company and thereafter repaid to the Company or discharged from such trust, as provided in Sections 13.03 and 13.04) have been delivered to the Trustee for cancellation; 

      (2) the Company has paid or caused to be paid in the currency required all other sums payable under this
Indenture in respect of the Notes of such series, including all amounts owing to the Trustee under Section 8.06; and 

  
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       (3) the Company has delivered to the Trustee an
Officer’s Certificate and an Opinion of Counsel each stating that all conditions precedent herein provided for relating to the satisfaction of the entire indebtedness of all Notes of any such series and the discharge of the Indenture as it
relates to such Notes have been complied with; or 
 (b) (1) all such Notes of such series not theretofore delivered to the Trustee for
cancellation (A) have become due and payable, or (B) will become due and payable at their Stated Maturity within one year, or (C) are to be called for redemption within one year under arrangements satisfactory to the Trustee for the
giving of notice of redemption by the Trustee in the name, and at the expense of the Company; and 
       (2)
the condition described in paragraphs (a) and (b) of Section 13.02 has been satisfied; and the conditions described in paragraphs (a)(2) and (a)(3) of this Section 13.01 have been satisfied; or 

(c) (1) the conditions referred to in Section 13.02 and paragraph (a)(2) of this Section 13.01 have been satisfied; and 

      (2) the Company has delivered to the Trustee (x) an opinion of a nationally-recognized independent
tax counsel confirming that the Company shall have received from, or there shall have been published by, the United States Internal Revenue Service a ruling, or since the date of this Indenture there has been a change in the applicable Federal
income tax law, in either case, to the effect that, and based thereon such opinion of counsel will confirm that, Holders of the Notes of such series will not recognize income, gain or loss for Federal income tax purposes as a result of such deposit
and the defeasance contemplated by this paragraph (c) of this Section 13.01 and will be subject to Federal income tax on the same amounts and in the same manner and at the same times as would have been the case if such deposit and
defeasance had not occurred, and (y) an Opinion of Counsel stating that the defeasance trust does not constitute an “investment company” within the meaning of the Investment Company Act of 1940, as amended, and, after the passage of
91 days following the deposit described in Section 13.01(a)(2), the trust funds will not be subject to the effect of any applicable bankruptcy, insolvency, reorganization or similar laws affecting creditors rights’ generally. 

Section 13.02 Covenant Defeasance of Notes of any Series. The provisions of this Indenture (except as to (x) the rights of
Holders of Notes of any series to receive, from the money, in the currency required, and Government Obligations deposited with the Trustee pursuant to paragraph (a) below or the interest and principal received by the Trustee in respect of such
Government Obligations, payment of the principal of (and premium, if any) and any installment of principal of (and premium, if any) or interest on such Notes on the Stated Maturities thereof or upon the Redemption Dates for Notes required to be
redeemed pursuant to any mandatory sinking or analogous provisions relating to Notes of that series or pursuant to any call for redemption relating to Notes of that series; (y) the Company’s rights and obligations with respect to such
Notes under Sections 3.06, 3.07, 5.01, 5.02, 5.03, 5.04, 6.01, Article 7 (other than paragraph (d) of Section 7.01, to the extent relating to the covenants defeased hereby), Sections 8.06, 8.10, 8.11, 13.03, and 13.04; and (z) the
rights, powers, trusts, duties and immunities of the Trustee with respect to the Notes of such series) as it relates to Notes of any series shall no longer be in effect, and the Trustee, at the expense of the Company shall, upon Company Request,
execute proper instruments acknowledging the same if: 

  
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 (a) the Company has irrevocably (subject to Section 13.04) deposited or caused to be
deposited with the Trustee as trust funds in trust and specifically pledged as security for, and dedicated solely to, the benefit of the Holders of Notes of such series (1) Dollars or Foreign Currency, as applicable, in an amount, or
(2) Government Obligations which through the payment of interest and principal in respect thereof in accordance with their terms will provide on or before the due date of any payment in respect of such series of Notes funds in an amount, or
(3) a combination thereof, sufficient, after payment of all Federal, state and local taxes in respect thereof payable by the Trustee, in the opinion of a nationally recognized firm of independent public accountants expressed in a written
certification thereof delivered to the Trustee, which opinion need only be provided if Government Obligations shall have been deposited, to pay and discharge the principal of (and premium, if any) and each installment of principal (and premium, if
any) and interest on the Outstanding Notes of that series to the Stated Maturity of such principal or installment of principal or interest or to the Redemption Dates for Notes required to be redeemed pursuant to any mandatory sinking fund or
analogous provisions relating to Notes of that series or pursuant to any call for redemption relating to Notes of that series on each day on which such payments are due and payable in accordance with the terms of the Indenture and such Notes; 

(b) no Event of Default or event which with notice or lapse of time would become an Event of Default shall have occurred and be continuing on
the date of the deposit referred to in paragraph (a) of this Section 13.02 or, insofar as an Event of Default described in paragraph (g) or (h) of Section 7.01 are concerned, at any time during the period ending on the 91st day
after the date of such deposit or, if longer, ending on the day following the expiration date of the longest preference period applicable to the Company in respect of the deposit (and this condition will not be deemed satisfied until the
expiration of such period; provided, however, that should this condition fail to be satisfied on or before such 91st day, the Trustee shall promptly, upon satisfactory receipt of evidence of such failure, return such deposit to the Company); 

(c) the interest of the Holders in such deposit shall have been duly perfected under the applicable provisions of the applicable Uniform
Commercial Code; 
 (d) such defeasance shall not (A) cause the Trustee to have a conflicting interest as defined in Section 8.08
or for purposes of the Trust Indenture Act of 1939 with respect to any securities of the Company or (B) result in the trust arising from such deposit to constitute, unless it is qualified as, a regulated investment company under the Investment
Company Act of 1940, as amended; 
 (e) such defeasance shall not result in a breach or violation of, or constitute a default under, this
Indenture or any other agreement or instrument to which the Company is a party or by which it is bound; 
 (f) the Company has delivered to
the Trustee (x) an opinion of counsel of a nationally-recognized independent tax counsel confirming that the Holders of the Notes of such 

  
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series will not recognize income, gain or loss for Federal income tax purposes as a result of such deposit and the defeasance contemplated by this Section 13.02 and will be subject to
Federal income tax on the same amounts and in the same manner and at the same times as would have been the case if such deposit and defeasance had not occurred, and (y) an Opinion of Counsel stating that the defeasance trust does not constitute
an “investment company” within the meaning of the Investment Company Act of 1940, as amended, and, after the passage of 91 days following the deposit described in Section 13.01(a)(2), the trust funds will not be subject to the effect
of any applicable bankruptcy, insolvency, reorganization or similar laws affecting creditors rights’ generally; and 
 (g) the Company
has delivered to the Trustee an Officer’s Certificate and an Opinion of Counsel, each stating that all conditions precedent herein provided relating to the defeasance contemplated by this Section have been complied with. 

Section 13.03 Application of Trust Funds; Indemnification. Section 13.04 Subject to the provisions of Section 13.04, all
money and Government Obligations deposited with the Trustee pursuant to Sections 13.01 or 13.02, and all money received by the Trustee in respect of Government Obligations deposited with the Trustee, shall be held in trust and applied by it, in
accordance with the provisions of the Notes and this Indenture, to the payment, either directly or through any paying agent (including the Company acting as its own paying agent) as the Trustee may determine, to the Persons entitled thereto, of the
principal (and premium, if any) and interest for whose payment such money and Government Obligations have been deposited with or received by the Trustee as contemplated by Sections 13.01 or 13.02. 

(a) The Company shall pay and shall indemnify the Trustee against any tax, fee or other charge imposed on or assessed against Government
Obligations deposited pursuant to Sections 13.01 or 13.02 or the interest and principal received in respect of such obligations, other than any such tax, fee or other charge payable by or on behalf of Holders. The Company shall be entitled to prompt
notice of an assessment or the commencement of any proceeding for which indemnification may be sought hereunder and, at its election, to contest such assessment or to participate in, assume the defense of, or settle such proceeding. 

(b) The Trustee shall deliver or pay to the Company from time to time upon Company Request any Government Obligations or money held by it as
provided in Sections 13.01 or 13.02 which, in the opinion of a nationally recognized firm of independent public accountants expressed in a written certification thereof delivered to the Trustee, which opinion need only be provided if Government
Obligations shall have been deposited, are then in excess of the amount thereof which then would have been required to be deposited for the purpose for which such obligations or money were deposited or received. 

Section 13.05 Return of Unclaimed Moneys. Any moneys deposited with or paid to the Trustee or any paying agent for payment of the
principal of and premium, if any, or interest on Notes and not applied but remaining unclaimed by the Holders of Notes for two years after the date upon which the principal of and premium, if any, or interest on such Notes, as the case may be, shall
have become due and payable, shall be repaid to the Company by the Trustee or such paying agent on Company Request; and the Holder of any of the Notes entitled to receive such payment shall thereafter look only to the Company for any payment thereof
and all liability of the Trustee or such paying agent with respect to such moneys shall thereupon cease. 

  
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 Section 13.06 Reinstatement. If the Trustee is unable to apply any money or
Government Obligations in accordance with Sections 13.01 or 13.02 by reason of any legal proceeding or by reason of any order or judgment of any court or governmental authority enjoining, restraining or otherwise prohibiting such application, the
Company’s obligations under this Indenture and the Notes shall be revived and reinstated as though no deposit had occurred pursuant to Sections 13.01 or 13.02 until such time as the Trustee is permitted to apply all such money or Government
Obligations in accordance with Sections 13.01 or 13.02; provided that, if the Company has made any payment of principal of or interest on the Notes because of the reinstatement of its obligations, the Company shall be subrogated to the rights of the
Holders of such Notes to receive such payment from the money or Government Obligations held by the Trustee. 
 ARTICLE 14 

IMMUNITY OF INCORPORATORS, STOCKHOLDERS, 

OFFICERS AND DIRECTORS 

Section 14.01 Indenture and Notes Solely Obligations of the Company. No recourse under or upon any obligation, covenant or
agreement of this Indenture, any supplemental indenture, or of any Note, or for any claim based thereon or otherwise in respect thereof, shall be had against any incorporator, organizer, stockholder, member, owner, officer, director, manager or
employee, as such, past, present or future, of the Company or any Subsidiary or of any predecessor or successor Person, either directly or through the Company, 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 this Indenture and the obligations issued hereunder are solely obligations of the Company, and that no such personal liability whatever shall attach to, or is or shall be
incurred by, any incorporator, organizer, stockholder, member, owner, officer, director, manager or employee, as such, of the Company or of any predecessor or successor Person, or any of them, because of the creation of the indebtedness hereby
authorized, or under or by reason of the obligations, covenants or agreements contained in this Indenture, or in any of the Notes or implied thereby; and that any and all such personal liability, either at common law or in equity or by constitution
or statute of, and any and all such rights and claims against, every such incorporator, organizer, stockholder, member, owner, officer, director, manager or employee, as such, because of the creation of the indebtedness hereby authorized, or under
or by reason of the obligations, covenants or agreements contained in this Indenture or in any of the Notes or implied thereby, are hereby expressly waived and released as a condition of, and as a consideration for, the execution of this Indenture
and the issue of such Notes. 
 ARTICLE 15 

MISCELLANEOUS PROVISIONS 

Section 15.01 Provisions Binding on Successors of the Company. All of the covenants, stipulations, promises and agreements in this
Indenture contained by the Company shall bind its successors and assigns whether so expressed or not. 

  
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 Section 15.02 Indenture for Sole Benefit of Parties and Holders of Notes.
Nothing in this Indenture or in the Notes, expressed or implied, shall give or be construed to give to any Person, firm or corporation, other than the parties hereto, any agent of the Trustee or the Company under this Indenture and the Holders of
the Notes, any legal or equitable right, remedy or claim under or in respect of this Indenture, or under any covenant, condition or provision herein contained; all such covenants, conditions and provisions being, subject to the provisions of
Articles 12 and 14, for the sole benefit of the parties hereto, any agent of the Trustee or the Company under this Indenture and the Holders of the Notes. 

Section 15.03 Addresses for Notices. 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 Notes on the Company may be given or served by being deposited, registered or certified mail postage prepaid, in a post office letter box in the United States addressed (until another address is
filed by the Company with the Trustee) to the Company, Conifer Holdings, Inc., 550 West Merrill Street, Suite 200, Birmingham, Michigan 48009, Telecopier No.:         , Attention: Richard J. Fiato,
Corporate Counsel, with a copy to Honigman Miller Schwartz and Cohn LLP, 2290 First National Building, 660 Woodward Avenue, Detroit, Michigan 48226, Attention: Donald J. Kunz, Telecopier No.: 313-465-7455, and, solely with respect to Section 8.15, via e-mail to
                    . Any notice, direction, request or demand by any Holder of a Note or the Company to or upon the Trustee shall be deemed
to have been sufficiently given or made, for all purposes, if given or made in writing at the Corporate Trust Office of the Trustee, addressed to the attention of the Conifer Holdings, Inc. Administrator. Any notice, report or other instrument
required by any of the provisions of this Indenture to be given by the Trustee to the Holders of Notes of any or all series shall be deemed to have been sufficiently given, for all purposes, when mailed by first class mail, or in the case of Global
Notes, delivered electronically to the Depository. 
 The Trustee agrees to accept and act upon instructions or directions pursuant to this
Indenture sent by unsecured e-mail, facsimile transmission or other similar unsecured electronic methods provided, however, that (a) the party providing such electronic instructions or directions,
subsequent to the transmission thereof, shall provide the originally executed instructions or directions to the Trustee in a timely manner and (b) such originally executed instructions or directions shall be signed by an authorized
representative of the party providing such instructions or directions. The Trustee shall not be liable for any losses, costs or expenses arising directly or indirectly from the Trustee’s reliance upon and compliance with such instructions or
directions notwithstanding that such instructions or directions conflict or are inconsistent with a subsequent written instruction or direction or if the subsequent written instruction or direction is never received. The party providing instructions
or directions by unsecured e-mail, facsimile transmission or other similar unsecured electronic methods, as aforesaid, agrees to assume all risks arising out of the use of such electronic methods to submit
instructions and directions to the Trustee, including without limitation the risk of the Trustee acting on unauthorized instructions, and the risk of interception and misuse by third parties. 

Where this Indenture provides for notice to Holders of any event, such notice shall be sufficiently given (unless otherwise herein expressly
provided) if in writing and mailed, first-class postage prepaid, to each Holder affected by such event, at his address as it appears in the Note Register, not later than the latest date (if any), and not earlier than the earliest date (if any),

  
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prescribed for the giving of such notice. In any case where notice to Holders is given by mail, neither the failure to mail such notice, nor any defect in any notice so mailed, to any particular
Holder shall affect the sufficiency of such notice with respect to other Holders. Where this Indenture provides for notice in any manner, such notice may be waived in writing by the Person entitled to receive such notice, either before or after the
event, and such waiver shall be the equivalent of such notice. Waivers of notice by Holders shall be filed with the Trustee, but such filing shall not be a condition precedent to the validity of any action taken in reliance upon such waiver.
Whenever in this Indenture notice is to be given to Holders of Global Notes, notice shall be sufficiently given if given to the Depository. 

Section 15.04 Contract; Waiver of Trial by Jury. This Indenture and the Notes shall for all purposes be construed in accordance
with and governed by the laws of the State of New York. EACH OF THE COMPANY, THE TRUSTEE, AND THE HOLDERS HEREBY IRREVOCABLY WAIVE, 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 NOTES OR THE TRANSACTIONS CONTEMPLATED HEREBY. 
 Section 15.05 Evidence of Compliance
with Conditions Precedent. Upon any request to the Trustee to take any action under any of the provisions of this Indenture, the Company shall furnish to the Trustee an Officer’s Certificate stating that all conditions precedent, if any
(including any covenant, compliance with which constitutes a condition precedent) provided for in this Indenture relating to the proposed action have been complied with and an Opinion of Counsel stating that, in the opinion of such counsel, all such
conditions precedent have been complied with, except that in the case of any such application or demand as to which the furnishing of such document is specifically required by any provision of this Indenture relating to such particular application
or demand, no additional certificate or opinion need be furnished. 
 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 include (a) a statement that the Person making such certificate or opinion has read such covenant or condition; (b) a
brief statement as to the nature and scope of the examination or investigation upon which the statements or opinions contained in such certificate or opinion are based; (c) a statement that, in the opinion of such Person, he or she has made
such examination or investigation as is necessary to enable such Person to express an informed opinion as to whether or not such covenant or condition has been complied with; and (d) a statement as to whether or not, in the opinion of such
Person, such condition or covenant has been complied with. 
 Section 15.06 Legal Holidays. In any case where the date of
maturity of interest on or principal of or premium, if any, on any series of Notes or the date fixed for redemption or repayment of any Note or Notes will be a legal holiday or a day on which banking institutions are legally authorized or obligated
to close in New York, New York or any other location where a paying agent appointed pursuant to Section 5.02 is located, then payment of such interest on or principal of and premium, if any, on such Notes need not be made by such paying agent
on such date but may be made by such paying agent on the next succeeding day that is not a day in such location that is either a legal holiday or a day on which banking institutions are legally authorized or obligated to close, with the same force
and effect as if made on such date of maturity or the date fixed for redemption or repayment and no interest shall accrue on such payment for the period from and after such prior date. 

  
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 Section 15.07 Trust Indenture Act of 1939 to Control. If any provision hereof
limits, qualifies or conflicts with the duties imposed by any of Sections 310 through 317 of the Trust Indenture Act of 1939, by the operation of Section 318(c) thereof, such imposed duties shall control, except as, and to the extent, expressly
excluded from this Indenture, as permitted by the Trust Indenture Act of 1939. If any provision of this Indenture modifies or excludes any provision of the Trust Indenture Act of 1939 that may be so modified or excluded, the latter provision shall
be deemed to apply to this Indenture as so modified or to be excluded, as the case may be. 
 Section 15.08 Table of Contents.
Headings. 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 15.09 Determination of Principal Amount. In determining whether the Holders of the
requisite principal amount of Outstanding Notes of any series have given any request, demand, authorization, direction, notice, consent or waiver hereunder, or whether sufficient funds are available for redemption or for any other purpose,
(a) the principal amount of an Original Issue Discount Note that shall be deemed to be Outstanding for such purposes shall be the amount of the principal thereof that would be due and payable as of the date of such determination upon a
declaration of acceleration of the maturity thereof pursuant to Section 7.01, (b) the principal amount of any Notes denominated in a Foreign Currency that shall be deemed to be Outstanding for such purposes shall be determined by converting the
Foreign Currency into Dollars at the Market Exchange Rate as of the date of such determination and (c) the principal amount of any Indexed Note that shall be deemed to be Outstanding for such purposes shall be the amount of the principal face
amount of such Indexed Note at original issuance, unless otherwise provided in or pursuant to this Indenture. 
 Section 15.10
Execution in Counterparts. This Indenture may be executed in any number of counterparts, each of which shall be an original and such counterparts shall together constitute but one and the same instrument. Delivery of an executed counterpart
of a signature page to this Indenture by telecopier, facsimile or other electronic transmission (i.e. a “pdF or “tif’) shall be effective as delivery of a manually executed counterpart hereof. 

[Signature pages follow] 

  
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 IN WITNESS WHEREOF, CONIFER HOLDINGS, INC. has caused this Indenture to be executed
by its , and has caused this Indenture to be executed by one of its officers, as of the day and year first written above. 
  

			
	CONIFER HOLDINGS, INC.,
		
	By:	 	  

		 	Name:
		 	Title:
	
	WILMINGTON TRUST, NATIONAL ASSOCIATION, as Trustee
		
	By:	 	  

		 	Name:
		 	Title:

 [Signature Page to Indenture]

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