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Exhibit 4.6    
    

 
 

FORM OF PURCHASE CONTRACT AGREEMENT  
  

DATED AS OF [    •    ]  

 TPG N.V.  

 and  

 [    •    ],

as Purchase Contract Agent  

 
 

CONTENTS    
    

	Section
 
	 
	 
	Page

	1.	Definitions and Other Provisions of General Application	1
	 	1.1	Definitions	1
	 	1.2	Compliance Certificates and Opinions	8
	 	1.3	Form of Documents Delivered to Purchase Contract Agent	8
	 	1.4	Acts of Holders; Record Dates	9
	 	1.5	Notices	10
	 	1.6	Notice to Holders; Waiver	12
	 	1.7	Effect of Headings and Table of Contents	12
	 	1.8	Successors and Assigns	12
	 	1.9	Separability Clause	12
	 	1.10	Benefits of Agreement	12
	 	1.11	Governing Law	12
	 	1.12	Legal Holidays	13
	 	1.13	Counterparts	13
	 	1.14	Inspection of Agreement	13
	 	1.15	Appointment of Financial Institution as Agent for the Issuer	13
	 	1.16	No Waiver	13
	2.	Certificate Forms	14
	 	2.1	Forms of Certificates Generally	14
	 	2.2	Form of Purchase Contract Agent's Certificate of Authentication	14
	3.	The Units	14
	 	3.1	Amount; Form and Denominations	14
	 	3.2	Rights and Obligations Evidenced by the Certificates	15
	 	3.3	Execution, Authentication, Delivery and Dating	15
	 	3.4	Temporary Certificates	16
	 	3.5	Registration; Registration of Transfer and Exchange	16
	 	3.6	Book-Entry Interests	18
	 	3.7	Notices to Holders	18
	 	3.8	Appointment of Successor Depositary	18
	 	3.9	Definitive Certificates	18
	 	3.10	Mutilated, Destroyed, Lost and Stolen Certificates	19
	 	3.11	Persons Deemed Owners	20
	 	3.12	Cancellation	21
	 	3.13	Creation of Treasury Units by Substitution of Treasury Securities	21
	 	3.14	Recreation of Corporate Units	23
	 	3.15	Transfer of Collateral upon Occurrence of Termination Event	24
	 	3.16	No Consent to Assumption	24
	4.	The Notes	24
	 	4.1	Interest Payments; Rights to Interest Payments Preserved	24
	 	4.2	Notice and Voting	25
	 	4.3	Redemption	26
	5.	The Purchase Contracts	26
	 	5.1	Purchase of Shares of Common Stock	26
	 	5.2	Remarketing; Payment of Purchase Price	29
	 	5.3	Issuance of Shares of Common Stock	33
	 	5.4	Adjustment of Settlement Rate	34
	 	5.5	Notice of Adjustments and Certain Other Events	43
	 	5.6	Termination Event; Notice	43
	 	5.7	Early Settlement	44
	 	5.8	Automatic Settlement	46
	 	5.9	No Fractional Shares	46
	 	5.10	Charges and Taxes	46
	 	5.11	Contract Adjustment Payments	47
	 	 	 	 

	 	5.12	Deferral of Contract Adjustment Payments	52
	6.	Remedies	53
	 	6.1	Unconditional Right of Holders to Receive Contract Adjustment Payments and to Purchase Shares of Common Stock	53
	 	6.2	Restoration of Rights and Remedies	53
	 	6.3	Rights and Remedies Cumulative	54
	 	6.4	Delay or Omission Not Waiver	54
	 	6.5	Undertaking for Costs	54
	 	6.6	Waiver of Stay or Extension Laws	54
	7.	The Purchase Contract Agent	54
	 	7.1	Certain Duties and Responsibilities	54
	 	7.2	Notice of Default	55
	 	7.3	Certain Rights of Purchase Contract Agent	55
	 	7.4	Not Responsible for Recitals or Issuance of Units	57
	 	7.5	May Hold Units	57
	 	7.6	Money Held in Custody	57
	 	7.7	Compensation and Reimbursement	57
	 	7.8	Corporate Purchase Contract Agent Required; Eligibility	58
	 	7.9	Resignation and Removal; Appointment of Successor	58
	 	7.10	Acceptance of Appointment by Successor	59
	 	7.11	Merger, Conversion, Consolidation or Succession to Business	60
	 	7.12	Preservation of Information; Communication to Holders	61
	 	7.13	No Obligations of Purchase Contract Agent	61
	 	7.14	Tax Compliance	61
	8.	Supplemental Agreements	62
	 	8.1	Supplemental Agreements Without Consent of Holders	62
	 	8.2	Supplemental Agreements with Consent of Holders	62
	 	8.3	Execution of Supplemental Agreements	63
	 	8.4	Effect of Supplemental Agreements	63
	 	8.5	Reference to Supplemental Agreements	63
	9.	Consolidation, Merger, Conveyance, Transfer or Lease	64
	 	9.1	Covenant Not to Consolidate, Merge, Convey, Transfer or Lease Property Except Under Certain Conditions	64
	 	9.2	Rights and Duties of Successor Person	64
	10.	Covenants	65
	 	10.1	Performance under Purchase Contracts	65
	 	10.2	Maintenance of Office or Agency	65
	 	10.3	Issuer to Reserve Common Stock	65
	 	10.4	Covenants as to Common Stock	65
	 	10.5	Statements of Officers of the Issuer as to Default	66
	 	10.6	ERISA	66
	 	10.7	Tax Treatment	66
	
Exhibits
	1.	Form of Face of Corporate Unit Certificate	68
	2.	Form of Face of Treasury Unit Certificate	80
	3.	Instruction to Purchase Contract Agent	91
	4.	Notice from Purchase Contract Agent to Holders	92
	5.	Notice to Settle by Cash	93
	6.	Notice from Purchase Contract Agent to Collateral Agent	94
	7.	Form of Purchase Contract Contemplating sale by TPG N.V.	95
	

Signatories	

98

  

 
 

PURCHASE CONTRACT AGREEMENT    
    

Dated
as of    •    , 200    •    , 

AMONG:  

	(1)
	TPG N.V., a Netherlands public company (the Issuer); and

	(2)
	[    •    ], a national banking
association, acting as purchase contract agent. 

RECITALS:  

	(A)
	The
Issuer has duly authorized the execution and delivery of this Agreement (as defined herein) and the Certificates evidencing the Units (each as defined herein).

	(B)
	All
things necessary to make the Purchase Contracts (as defined herein), when the Certificates are executed by the Issuer, authenticated, executed on behalf of the Holders and
delivered by the Purchase Contract Agent, as provided in this Agreement, the valid obligations of the Issuer, and to constitute these presents a valid agreement of the Issuer, in accordance with its
terms, have been done. 

        For
due and adequate consideration the parties hereby agree as follows: 

1.     DEFINITIONS AND OTHER PROVISIONS OF GENERAL APPLICATION  

1.1   Definitions  

        For all purposes of this Agreement, except as otherwise expressly provided or unless the context otherwise requires: 

	(a)
	the
terms defined in this Article have the meanings assigned to them in this Article and include the plural as well as the singular, and nouns and pronouns of the masculine gender
include the feminine and neuter genders;

	(b)
	all
accounting terms not otherwise defined herein have the meanings assigned to them in accordance with generally accepted accounting principles in The Netherlands;

	(c)
	the
words herein, hereof and hereunder
and other words of similar import refer to this Agreement as a whole and not to any particular Article, Section, Exhibit or other subdivision; and

	(d)
	the
following terms have the meanings given to them in this Section 1.1(d): 

        Act has the meaning, with respect to any Holder, set forth in Section 1.4. 

        Additional Amounts has the meaning set forth in Section 5.13. 

        Adjusted Applicable Market Value has the meaning set forth in Section 5.1. 

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

        Agreement means this instrument as originally executed or as it may from time to time be supplemented or amended by one or more agreements
supplemental hereto entered into pursuant to the applicable provisions hereof. 

        Applicable Market Value has the meaning set forth in Section 5.1. 

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        Applicants has the meaning set forth in Section 7.12(b). 

        Bankruptcy Code means title 11 of the United States Code, or any other law of the United States that from time to time provides a uniform
system of bankruptcy laws. 

        Beneficial Owner means, with respect to a Book-Entry Interest, a Person who is the beneficial owner of such
Book-Entry Interest as reflected on the books of the Depositary or on the books of a Person maintaining an account with such Depositary (directly as a Depositary Participant or as an
indirect participant, in each case in accordance with the rules of such Depositary). 

        Board of Directors means the supervisory board or management board of the Issuer or a duly authorized committee authorized to act for it
in respect thereof. 

        Board Resolution means one or more resolutions of the Board of Directors, a copy of which has been certified by the Corporate Secretary or
an Assistant Secretary of the Issuer, 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 Purchase Contract
Agent. 

        Book-Entry Interest means a beneficial interest in a Global Certificate, registered in the name of a Depositary or a nominee
thereof, ownership and transfers of which shall be maintained and made through book entries by such Depositary as described in Section 3.6. 

        Business Day means any day other than a Saturday or Sunday or a day on which banking institutions or trust companies in New York City, New
York are authorized or required by applicable law, regulation or executive order to remain closed or a day on which the Indenture Trustee or the Collateral Agent is closed for business; provided that
for purposes of Section 1.12(b) only, the term Business Day shall also be deemed to exclude any day on which DTC is closed. 

        Cash Merger has the meaning set forth in Section 5.4(b). 

        Cash Merger Early Settlement has the meaning set forth in Section 5.4(b). 

        Cash Merger Early Settlement Amount has the meaning set forth in Section 5.4(b). 

        Cash Merger Early Settlement Date has the meaning set forth in Section 5.4(b). 

        Cash Settlement has the meaning set forth in Section 5.2(b). 

        Certificate means a Corporate Units Certificate or a Treasury Units Certificate. 

        Closing Price has the meaning set forth in Section 5.1. 

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

        Collateral has the meaning set forth in Section 1.1(c) of the Pledge Agreement. 

        Collateral Account has the meaning set forth in Section 1.1(c) of the Pledge Agreement. 

        Collateral Agent means [    •    ], a banking corporation with trust powers, as
Collateral Agent under the Pledge Agreement until a successor Collateral Agent shall have become such pursuant to the applicable provisions of the Pledge Agreement, and thereafter Collateral Agent
shall mean the Person who is then the Collateral Agent thereunder. 

        Collateral Substitution means (i) with respect to a Corporate Unit, the substitution for the Pledged Note included in such
Corporate Unit by Treasury Securities in an aggregate principal amount at maturity equal to the aggregate principal amount of such Pledged Note, or (ii) with respect to a Treasury Unit, the
substitution for the Pledged Treasury Securities included in such Treasury Unit by Notes in an aggregate principal amount equal to the aggregate principal amount at stated maturity of the Pledged
Treasury Securities. 

        Common Stock means the ordinary shares of TPG N.V., par value €0.48 per share, or such other securities as may be
designated in an Issuer Order. 

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        Constituent Person has the meaning set forth in Section 5.4(b). 

        Contract Adjustment Payments means the payments payable by the Issuer on the Payment Dates in respect of each Purchase Contract, at a rate
per year equal to the percentage of the Stated Amount per Purchase Contract set forth in the applicable Issuer Order. 

        Corporate Trust Office means the office of the Purchase Contract Agent at which, at any particular time, its corporate trust business
shall be principally administered. 

        Corporate Unit means the collective rights and obligations of a Holder of a Corporate Units Certificate in respect of the Notes, subject
to the Pledge thereof, and the related Purchase Contract. 

        Corporate Units Certificate means a certificate evidencing the rights and obligations of a Holder in respect of the number of Corporate
Units specified on such certificate. 

        Current Market Price has the meaning set forth in Section 5.4(a). 

        Custodial Agent means [    •    ], a banking corporation with trust powers as
Custodial Agent under the Pledge Agreement until a successor Custodial Agent shall have become such pursuant to the applicable provisions of the Pledge Agreement, and thereafter Custodial Agent shall
mean the Person who is then the Custodial Agent thereunder. 

        Deferred Contract Adjustment Payments has the meaning provided in Section 5.12. 

        Depositary means a clearing agency registered under Section 17A of the Exchange Act that is designated to act as Depositary for the
Units as contemplated by Sections 3.06 and 3.08. 

        Depositary Participant means a broker, dealer, bank, other financial institution or other Person for whom from time to time the Depositary
effects book entry transfers and pledges of securities deposited with the Depositary. 

        DTC means The Depository Trust Company. 

        Early Settlement has the meaning set forth in Section 5.7. 

        Early Settlement Amount has the meaning set forth in Section 5.7. 

        Early Settlement Date has the meaning set forth in Section 5.7. 

        Early Settlement Rate has the meaning set forth in Section 5.7. 

        ERISA means the Employee Retirement Income Security Act of 1974, as amended. 

        Exchange Act means the Securities Exchange Act of 1934 and any statute successor thereto, in each case as amended from time to time, and
the rules and regulations promulgated thereunder. 

        Excluded Additional Amounts has the meaning set forth in Section 5.13. 

        Expiration Date has the meaning set forth in Section 1.4(e). 

        Expiration Time has the meaning set forth in Section 5.4(a). 

        Extension Period has the meaning set forth in Section 5.12(a). 

        Failed Remarketing has the meaning set forth in Section 5.2(c). 

        Global Certificate means a Certificate that evidences all or part of the Units and is registered in the name of the Depositary or a
nominee thereof. 

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        Holder means, with respect to a Unit, the Person in whose name the Unit evidenced by a Certificate is registered in the Security Register;
provided, however, that solely for the purpose of determining whether the Holders of the requisite number of Units have voted on any matter (and not for any other purpose hereunder), if the Unit
remains in the form of one or more Global Certificates and if the Depositary that is the registered holder of such Global Certificate has sent an omnibus proxy assigning voting rights to the
Depositary Participants to whose accounts the Units are credited on the record date, the term Holder shall mean such Depositary Participant acting at the direction of the Beneficial Owners. 

        Indenture means the Indenture, dated as of May 28, 2004, between the Issuer and the Indenture Trustee (including any provisions of
the TIA that are deemed incorporated therein). 

        Indenture Trustee means Citibank, N.A., as trustee under the Indenture, or any successor thereto. 

        Issuer means the Person named as an Issuer in the first paragraph of this instrument until a successor shall have become such pursuant to
the applicable provision of this Agreement, and thereafter Issuer shall mean each such successor. 

        Issuer Order or Issuer Request means a written order or request signed in the name of the
Issuer by (i) either its Chief Executive Officer, its President or one of its Vice Presidents, and (ii) either its Chief Financial Officer, Treasurer, Assistant Treasurer, Secretary or
one of its Assistant Secretaries, and delivered to the Purchase Contract Agent. 

        Non-Electing Share has the meaning set forth in Section 5.4(b). 

        Notes means the series of notes designated in the applicable Issuer Order to be issued by the Issuer under the Indenture. 

        NYSE has the meaning set forth in Section 5.1. 

        Officers' Certificate of an Issuer means a certificate signed by any member of the Issuer's management board, its President, Chief
Executive Officer, Chief Financial Officer, any Vice President, Treasurer, Controller, an Assistant Treasurer, the Assistant Controller, the Secretary or an Assistant Secretary of the Issuer, and
delivered to the Purchase Contract Agent. 

        Opinion of Counsel means a written opinion of counsel, who may be counsel to the Issuer (and who may be an employee or other counsel of
the Issuer). 

        Outstanding Units means, with respect to any Unit and as of the date of determination, all Units evidenced by Certificates theretofore
authenticated, executed and delivered under this Agreement, except: 

	(i)
	if
a Termination Event has occurred, (x) Corporate Units for which the underlying Notes have been theretofore deposited with the Purchase Contract Agent in trust
for the Holders of such Corporate Units and (y) Treasury Units for which the underlying Treasury Securities have been theretofore deposited with the Purchase Contract Agent in trust for the
Holders of such Treasury Units;

	(ii)
	Units
evidenced by Certificates theretofore cancelled by the Purchase Contract Agent or delivered to the Purchase Contract Agent for cancellation or deemed cancelled
pursuant to the provisions of this Agreement;

	(iii)
	Units
evidenced by Certificates in exchange for or in lieu of which other Certificates have been authenticated, executed on behalf of the Holder and delivered pursuant
to this Agreement, other than any such Certificate in respect of which there shall have been presented to the Purchase Contract Agent proof satisfactory to it that such Certificate is held by a bona
fide purchaser in whose hands the Units evidenced by such Certificate are valid obligations of the Issuer; and

	(iv)
	Units
so designated in the applicable Issuer Order; 

4

 

provided,
however, that in determining whether the Holders of the requisite number of the Units have given any request, demand, authorization, direction, notice, consent or waiver hereunder, Units
owned by the Issuer or any Affiliate of the Issuer shall be disregarded and deemed not to be Outstanding Units, except that, in determining whether the Purchase Contract Agent shall be authorized and
protected in relying upon any such request, demand, authorization, direction, notice, consent or waiver, only Units that a Responsible Officer of the Purchase Contract Agent actually knows to be so
owned shall be so disregarded. Units so owned that have been pledged in good faith may be regarded as Outstanding Units if the pledgee establishes to the satisfaction of the Purchase Contract Agent
the pledgee's right so to act with respect to such Units and that the pledgee is not the Issuer or any Affiliate of the Issuer. 

        Payment Date means the dates to be specified in the applicable Issuer Order. 

        Permitted Investments has the meaning set forth in the Pledge Agreement. 

        Person means a legal person, including any individual, corporation, estate, partnership, joint venture, association, joint-stock company,
limited liability company, trust, unincorporated organization or government or any agency or political subdivision thereof or any other entity of whatever nature. 

        Plan means an employee benefit plan that is subject to ERISA, a plan or individual retirement account that is subject to
Section 4975 of the Code or any entity whose assets are considered assets of any such plan. 

        Pledge means the pledge under the Pledge Agreement of the Notes, the Treasury Securities or other securities designated in the applicable
Issuer Order constituting a part of the Units. 

        Pledge Agreement means the Pledge Agreement dated as of [    •    ], among the
Issuer, the Collateral Agent, the Custodial Agent, the Securities Intermediary and the Purchase Contract Agent, set forth in the applicable Issuer Order on its own behalf and as
attorney-in-fact for the Holders from time to time of the Units, as amended from time to time. 

        Pledged Notes has the meaning set forth in the Pledge Agreement. 

        Pledged Treasury Securities has the meaning set forth in the Pledge Agreement. 

        Predecessor Corporate Units Certificate of any particular Corporate Units Certificate means previous Corporate Units Certificates
evidencing all or a portion of the rights and obligations of the Issuer and the Holder under the Corporate Units evidenced thereby; and, for the purposes of this definition, any Corporate Units
Certificate authenticated and delivered under Section 3.10 in exchange for or in lieu of a mutilated, destroyed, lost or stolen Corporate Units Certificate shall be deemed to evidence the same
rights and obligations of the Issuer and the Holder as the mutilated, destroyed, lost or stolen Corporate Units Certificate. 

        Proceeds has the meaning set forth in the Pledge Agreement. 

        Prospectus means the prospectus relating to the delivery of shares of any securities in connection with an Early Settlement pursuant to
Section 5.7 or a Cash Merger Early Settlement of Purchase Contracts pursuant to Section 5.4(b)(ii), in the form in which first filed, or transmitted for filing, with the Securities and
Exchange Commission after the effective date of the Registration Statement pursuant to Rule 424(b) under the Securities Act, including the documents incorporated by reference therein as of the
date of such Prospectus. 

        Purchase Contract means, with respect to any Unit, the contract forming a part of such Unit and obligating the Issuer to (i) sell,
and the Holder of such Unit to purchase, shares of Common Stock or such other securities as may be set forth in an Issuer Order and (ii) pay the Holder thereof Contract Adjustment Payments, in
each case on the terms and subject to the conditions set forth in Article Five hereof. 

5

 

        Purchase Contract Agent means the Person named as the Purchase Contract Agent in the first paragraph of this Agreement until a successor
Purchase Contract Agent shall have become such pursuant to the applicable provisions of this Agreement, and thereafter Purchase Contract Agent shall mean such Person or any subsequent successor who is
appointed pursuant to this Agreement. 

        Purchase Contract Settlement Date means the date for that purpose set forth in the applicable Issuer Order. 

        Purchase Contract Settlement Fund has the meaning set forth in Section 5.3. 

        Purchase Contract Property has the meaning set forth in Section 5.1. 

        Purchase Price has the meaning set forth in Section 5.1. 

        Purchased Shares has the meaning set forth in Section 5.4(a)(vi). 

        Put Right has the meaning set forth in the applicable Issuer Order. 

        Record Date for any distribution and Contract Adjustment Payment payable on any Payment Date means, as to any Global Certificate or any
other Certificate, the first day of the month in which the relevant Payment Date falls unless otherwise specified in the applicable Issuer Order. 

        Reference Price has the meaning set forth in Section 5.1. 

        Registration Statement means a registration statement under the Securities Act prepared by the Issuer covering,  inter alia, the delivery by the Issuer of any securities
in connection with an Early Settlement on the Early Settlement Date or a Cash Merger Early
Settlement of Purchase Contracts on the Cash Merger Early Settlement Date under Section 5.4(b)(ii), including all exhibits thereto and the documents incorporated by reference in the prospectus
contained in such registration statement, and any post-effective amendments thereto. 

        Remarketing means the remarketing of the Notes by the Remarketing Agent pursuant to the Remarketing Agreement. 

        Remarketing Agent means the entity designated in the applicable Issuer Order, or any successor remarketing agent appointed by the Issuer
pursuant to the Remarketing Agreement. 

        Remarketing Agreement means the Remarketing Agreement, to be entered into as applicable, designated in the applicable Issuer Order among
the Issuer, the Remarketing Agent and the Purchase Contract Agent, as amended from time to time. 

        Remarketing Date means the third Business Day immediately preceding the Purchase Contract Settlement Date. 

        Remarketing Fee has the meaning set forth in Section 5.2(a)(i). 

        Reorganization Event has the meaning set forth in Section 5.4(b). 

        Reset Rate has the meaning set forth in the applicable Issuer Order. 

        Responsible Officer means, with respect to the Purchase Contract Agent, any officer of the Purchase Contract Agent assigned by the
Purchase Contract Agent to administer this Purchase Contract Agreement. 

        Rights has the meaning set forth in Section 5.4(a). 

        Rights Agreement has the meaning set forth in Section 5.4(a). 

        Securities Act means the Securities Act of 1933 and any statute successor thereto, in each case as amended from time to time, and the
rules and regulations promulgated thereunder. 

6

 

        Securities Intermediary means [    •    ], a banking corporation with trust
powers, as Securities Intermediary under the Pledge Agreement until a successor Securities Intermediary shall have become such pursuant to the applicable provisions of the Pledge Agreement, and
thereafter Securities Intermediary shall mean such successor or any subsequent successor who is appointed pursuant to the Pledge Agreement. 

        Security Register and Security Registrar have the respective meanings set forth in
Section 3.5(a). 

        Senior Indebtedness has the meaning set forth the applicable Issuer Order. 

        Separate Notes means Notes that are no longer a component of Corporate Units. 

        Settlement Rate has the meaning set forth in Section 5.1. 

        Stated Amount means $25.00. 

        Successful Remarketing has the meaning set forth in Section 5.2(a)(i). 

        Taxes has the meaning set forth in Section 5.13. 

        Taxing Jurisdiction has the meaning set forth in Section 5.13. 

        Termination Date means the date, if any, on which a Termination Event occurs. 

        Termination Event means the occurrence of any of the following events: 

	(i)
	at
any time on or prior to the Purchase Contract Settlement Date, a judgment, decree or court order shall have been entered granting relief under the Bankruptcy Code,
adjudicating the Issuer to be insolvent, or approving as properly filed a petition seeking reorganization or liquidation of the Issuer or any other similar applicable Federal or state law and if such
judgment, decree or order shall have been entered more than 60 days prior to the Purchase Contract Settlement Date, such decree or order shall have continued undischarged and unstayed for a
period of 60 days;

	(ii)
	at
any time on or prior to the Purchase Contract Settlement Date, a judgment, decree or court order for the appointment of a receiver or liquidator or trustee or
assignee in bankruptcy or insolvency of the Issuer or of its property, or for the termination or liquidation of its affairs, shall have been entered and if such judgment, decree or order shall have
been entered more than 60 days prior to the Purchase Contract Settlement Date, such judgment, decree or order shall have continued undischarged and unstayed for a period of 60 days; or

	(iii)
	at
any time on or prior to the Purchase Contract Settlement Date, the Issuer shall file a petition for relief under the Bankruptcy Code, or shall consent to the
filing of a bankruptcy proceeding against it, or shall file a petition or answer or consent seeking reorganization or liquidation under the Bankruptcy Code 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 in bankruptcy or insolvency of it or
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.

	(iv)
	at
any time as provided in the applicable Issuer Order. 

        Threshold Appreciation Price has the meaning set forth in Section 5.1. 

        TIA means the Trust Indenture Act of 1939, as amended from time to time, or any successor legislation. 

        Trading Day has the meaning set forth in Section 5.1. 

        Treasury Securities means those U.S. treasury securities designated in the applicable Issuer Order. 

7

 

        Treasury Unit means, following the substitution of Treasury Securities for Pledged Notes as collateral to secure a Holder's obligations
under the Purchase Contract, the collective rights and obligations of a Holder of a Treasury Units Certificate in respect of such Treasury Securities, subject to the Pledge thereof, and the related
Purchase Contract. 

        Treasury Units Certificate means a certificate evidencing the rights and obligations of a Holder in respect of the number of Treasury Unit
specified on such certificate. 

        Underwriters means the underwriters identified in the Underwriting Agreement. 

        Underwriting Agreement means the Underwriting Agreement designated in the applicable Issuer Order among the Issuer and the Underwriters. 

        Unit means a Corporate Unit or a Treasury Unit, as the case may be. 

        Vice President means any vice president, whether or not designated by a number or a word or words added before or after the title "vice
president." 

1.2   Compliance Certificates and Opinions  

        Except as otherwise expressly provided by this Agreement, upon any application or request by the Issuer to the Purchase Contract Agent to take any action in
accordance with any provision of this Agreement, the Issuer shall furnish to the Purchase Contract Agent an Officers' Certificate stating that all conditions precedent, if any, provided for in this
Agreement relating to the proposed action have been complied with and, if requested by the Purchase Contract Agent, an Opinion of Counsel stating that, in the opinion of such counsel, all such
conditions precedent, if any, have been complied with, except that in the case of any such application or request as to which the furnishing of such documents is specifically required by any provision
of this Agreement relating to such particular application or request, no additional certificate or opinion need be furnished. 

        Every
certificate or opinion with respect to compliance with a condition or covenant provided for in this Agreement (other than the Officers' Certificate provided for in
Section 10.05) shall include: 

	(a)
	a
statement that each individual signing such certificate or opinion has read such covenant or condition and the definitions herein relating thereto;

	(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 each such individual, he or she has made such examination or investigation as is necessary to enable such individual 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, in the opinion of each such individual, such condition or covenant has been complied with. 

1.3   Form of Documents Delivered to Purchase Contract Agent  

	(a)
	In
any case where several matters are required to be certified by, or covered by an opinion of, any specified Person, it is not necessary that all such matters be certified by, or
covered by the opinion of, only one such Person, or that they be so certified or covered by only one document, but one such Person may certify or give an opinion with respect to some matters and one
or more other such Persons as to other matters, and any such Person may certify or give an opinion as to such matters in one or several documents. 

8

 

	(b)
	Any
certificate or opinion of an officer of the Issuer may be based, insofar as it relates to legal matters, upon a certificate or opinion of, or representations by, counsel, unless
such officer knows, or in the exercise of reasonable care should know, that the certificate or opinion or representations with respect to the matters upon which its certificate or opinion is based are
erroneous. Any such certificate or Opinion of Counsel may be based, insofar as it relates to factual matters, upon a certificate or opinion of, or representations by, an officer or officers of the
Issuer unless such counsel knows, or in the exercise of reasonable care should know, that the certificate or opinion or representations with respect to such matters are erroneous.

	(c)
	Where
any Person is required to make, give or execute two or more applications, requests, consents, certificates, statements, opinions or other instruments under this Agreement, they
may, but need not, be consolidated and form one instrument. 

1.4   Acts of Holders; Record Dates  

	(a)
	Any
request, demand, authorization, direction, notice, consent, waiver or other action provided by this Agreement to be given or taken by Holders may be embodied in and evidenced by
one or more instruments of substantially similar tenor signed by such Holders in person or by an agent duly appointed in writing; and, except as herein otherwise expressly provided, such action shall
become effective when such instrument or instruments are delivered to the Purchase Contract Agent and, where it is hereby expressly required, to the Issuer. Such instrument or instruments (and the
action embodied therein and evidenced thereby) are herein sometimes referred to as the Act of the Holders signing such instrument or instruments. Proof
of execution of any such instrument or of a writing appointing any such agent shall be sufficient for any purpose of this Agreement and (subject to Section 7.1) conclusive in favor of the
Purchase Contract Agent and the Issuer, if made in the manner provided in this Section.

	(b)
	The
fact and date of the execution by any Person of any such instrument or writing may be proved in any manner which the Purchase Contract Agent deems sufficient.

	(c)
	The
ownership of Units shall be proved by the Security Register.

	(d)
	Any
request, demand, authorization, direction, notice, consent, waiver or other Act of the Holder of any Unit shall bind every future Holder of the same Unit and the Holder of every
Certificate evidencing such Unit issued upon the registration of transfer thereof or in exchange therefor or in lieu thereof in respect of anything done, omitted or suffered to be done by the Purchase
Contract Agent or the Issuer in reliance thereon, whether or not notation of such action is made upon such Certificate. 

9

 

	(e)
	The
Issuer may set any date as a record date for the purpose of determining the Holders of Outstanding Units entitled to give, make or take any request, demand, authorization,
direction, notice, consent, waiver or other action provided or permitted by this Agreement to be given, made or taken by Holders of Units. If any record date is set pursuant to this paragraph, the
Holders of the Outstanding Corporate Units and the Outstanding Treasury Units, as the case may be, on such record date, and no other Holders, shall be entitled to take the relevant action with respect
to the Corporate Units or the Treasury Units, as the case may be, whether or not such Holders remain Holders after such record date; provided that no such action shall be effective hereunder unless
taken prior to or on the applicable Expiration Date by Holders of the requisite number of Outstanding Units on such record date. Nothing contained in this paragraph shall be construed to prevent the
Issuer from setting a new record date for any action for which a record date has previously been set pursuant to this paragraph (whereupon the record date previously set shall automatically and with
no action by any Person be cancelled and be of no effect), and nothing contained in this paragraph shall be construed to render ineffective any action taken by Holders of the requisite number of
Outstanding Units on the date such action is taken. Promptly after any record date is set pursuant to this paragraph, the Issuer, at its own expense, shall cause notice of such record date, the
proposed action by Holders and the applicable Expiration Date to be given to the Purchase Contract Agent in writing and to each Holder of Units in the manner set forth in Section 1.6. 

        With
respect to any record date set pursuant to this Section 1.4(e), the Issuer may designate any date as the Expiration Date and
from time to time may change the Expiration Date to any earlier or later day; provided that no such change shall be effective unless notice of the proposed new Expiration Date is given to the Purchase
Contract Agent in writing, and to each Holder of Units in the manner set forth in Section 1.6, prior to or on the existing Expiration Date. If an Expiration Date is not designated with respect
to any record date set pursuant to this Section, the Issuer shall be deemed to have initially designated the 180th day after such record date as the Expiration Date with respect thereto, subject to
its right to change the Expiration Date as provided in this paragraph. Notwithstanding the foregoing, no Expiration Date shall be later than the 180th day after the applicable record date. 

1.5   Notices  

        Any notice or communication is duly given if in writing and delivered in person or mailed by first-class mail (registered or certified, return receipt requested)
or overnight air courier guaranteeing next day delivery, to the others' address; provided that notice shall be deemed given to the Purchase Contract Agent only upon receipt thereof: 

	(a)
	If
to the Purchase Contract Agent: 

[    •    ]

Attention: 

	(b)
	If
to the Issuer: 

TPG
N.V.

Neptunusstraat 41 - 63

2132 JA Hoofddorp

The Netherlands 

Attention:

	(c)
	If
to the Collateral Agent: 

[    •    ]

Attention: 

10

 

	(d)
	If
to the Indenture Trustee: 

[    •    ]

Attention: 

        The
Purchase Contract Agent shall send to the Indenture Trustee a copy of any notices in the form of Exhibits 3, 4, 5 or 6 it sends or receives. 

11

   1.6   Notice to Holders; Waiver  

	(a)
	Where
this Agreement provides for notice to Holders of any event, such notice shall be sufficiently given (unless otherwise herein expressly provided or otherwise provided in the
applicable Issuer Order) if in writing and mailed, first-class postage prepaid, to each Holder affected by such event, at its address as it appears in the Security Register, not later than the latest
date, and not earlier than the earliest date, 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 Agreement 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 Purchase Contract Agent, but such filing shall not be a condition precedent to the validity of any action taken in reliance upon such waiver.

	(b)
	In
case by reason of the suspension of regular mail service or by reason of any other cause it shall be impracticable to give such notice by mail, then such notification as shall be
made with the approval of the Purchase Contract Agent shall constitute a sufficient notification for every purpose hereunder. 

1.7   Effect of Headings and Table of Contents  

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

1.8   Successors and Assigns  

        All covenants and agreements in this Agreement by the Issuer and the Purchase Contract Agent shall bind their respective successors and assigns, whether so
expressed or not. 

1.9   Separability Clause  

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

1.10 Benefits of Agreement  

        Nothing contained in this Agreement or in the Units, express or implied, shall give to any Person, other than the parties hereto and their successors hereunder
and, to the extent provided hereby, the Holders, any benefits or any legal or equitable right, remedy or claim under this Agreement. The Holders from time to time shall be beneficiaries of this
Agreement and shall be bound by all of the terms and conditions hereof and of the Units evidenced by their Certificates by their acceptance of delivery of such Certificates. 

1.11 Governing Law  

        This Agreement and the Units as well as any disputes arising out of or in connection with this Agreement and the Units shall be governed by, and construed in
accordance with, the laws of the State of New York, without giving effect to the conflicts of law provisions thereof. 

12

 

1.12 Legal Holidays  

	(a)
	In
any case where any Payment Date shall not be a Business Day (notwithstanding any other provision of this Agreement or the Units), Contract Adjustment Payments or other
distributions shall not be paid on such date, but Contract Adjustment Payments or such other distributions shall be paid on the next succeeding Business Day, unless such Business Day is in the next
succeeding calendar year, in which case such Contract Adjustment Payments or other distributions shall be paid on the immediately preceding Business Day, in each case with the same force and effect as
if made on such scheduled Payment Date; provided that no interest shall accrue or be payable by the Issuer to any Holder in respect of such payment or distribution for the period from and after any
such scheduled Payment Date.

	(b)
	In
any case where the Purchase Contract Settlement Date or any Early Settlement Date or Cash Merger Early Settlement Date shall not be a Business Day (notwithstanding any other
provision of this Agreement or the Units), Purchase Contracts shall not be performed and Early Settlement and Cash Merger Early Settlement shall not be effected on such date, but Purchase Contracts
shall be performed or Early Settlement or Cash Merger Early Settlement shall be effected, as applicable, on the next succeeding Business Day with the same force and effect as if made on such Purchase
Contract Settlement Date, Early Settlement Date or Cash Merger Early Settlement Date, as applicable. 

1.13 Counterparts  

        This Agreement, any supplements, amendments, waivers or any other agreements called for in this Agreement may be executed in any number of counterparts by the
parties hereto on separate counterparts, each of which, when so executed and delivered, shall be deemed an original, but all such counterparts shall together constitute one and the same instrument. 

1.14 Inspection of Agreement  

        A copy of this Agreement shall be available at all reasonable times during normal business hours at the Corporate Trust Office for inspection by any Holder or
Beneficial Owner. 

1.15 Appointment of Financial Institution as Agent for the Issuer  

        The Issuer may appoint a financial institution (which may be the Collateral Agent) to act as its agent in performing its obligations and in accepting and
enforcing performance of the obligations of the Purchase Contract Agent and the Holders, under this Agreement and the Purchase Contracts, by giving notice of such appointment in the manner provided in
Section 1.5 hereof. Any such appointment shall not relieve the Issuer in any way from its obligations hereunder. 

1.16 No Waiver  

        No failure on the part of the Issuer, the Purchase Contract Agent, the Collateral Agent, the Securities Intermediary or any of their respective agents to
exercise, and no course of dealing with respect to, and no delay in exercising, any right, power or remedy hereunder shall operate as a waiver thereof; nor shall any single or partial exercise by the
Issuer, the Collateral Agent, the Securities Intermediary or any of their respective agents of any right, power or remedy hereunder preclude any other or further exercise thereof or the exercise of
any other right, power or remedy. The remedies herein are cumulative and are not exclusive of any remedies provided by law. 

13

 

2.     CERTIFICATE FORMS  

2.1   Forms of Certificates Generally  

	(a)
	The
Certificates (including the form of Purchase Contract forming part of each Unit evidenced thereby) shall be in substantially the form set forth in Exhibit 1 to this
Agreement (in the case of Certificates evidencing Corporate Units) or Exhibit 2 to this Agreement (in the case of Certificates evidencing Treasury Units), with such letters, numbers or other
marks of identification or designation and such legends or endorsements printed, lithographed or engraved thereon as may be required by the rules of any securities exchange on which the Units are
listed or any depositary therefor, or as may, consistently herewith, be determined by the officers of the Issuer executing such Certificates, as evidenced by their execution of the Certificates.

	(b)
	The
definitive Certificates shall be produced in any manner as determined by the officers of the Issuer executing the Units evidenced by such Certificates, consistent with the
provisions of this Agreement, as evidenced by their execution thereof.

	(c)
	Every
Global Certificate authenticated, executed on behalf of the Holders and delivered hereunder shall bear a legend in substantially the following form: 

        THIS
CERTIFICATE IS A GLOBAL CERTIFICATE WITHIN THE MEANING OF THE PURCHASE CONTRACT AGREEMENT AND IS REGISTERED IN THE NAME OF A DEPOSITARY OR A NOMINEE THEREOF. THIS CERTIFICATE MAY
NOT BE EXCHANGED IN WHOLE OR IN PART FOR A CERTIFICATE REGISTERED, AND NO TRANSFER OF THIS CERTIFICATE IN WHOLE OR IN PART MAY BE REGISTERED, IN THE NAME OF ANY PERSON OTHER THAN SUCH DEPOSITARY OR A
NOMINEE THEREOF, EXCEPT IN THE LIMITED CIRCUMSTANCES DESCRIBED IN THE PURCHASE CONTRACT AGREEMENT. 

        UNLESS
THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, 55 WATER STREET, NEW YORK, NEW YORK 10004, 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
CEDE & CO., AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF CEDE & CO., ANY TRANSFER, PLEDGE OR OTHER USE HEREOF
FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL BECAUSE THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN. 

2.2   Form of Purchase Contract Agent's Certificate of Authentication  

        The form of the Purchase Contract Agent's certificate of authentication of the Units shall be in substantially the form set forth on the form of the applicable
Certificates. 

3.     THE UNITS  

3.1   Amount; Form and Denominations  

        The aggregate number of Units evidenced by Certificates authenticated, executed on behalf of the Holders and delivered hereunder is unlimited. 

        The
Certificates shall be issuable only in registered form and only in denominations of a single Corporate Unit or Treasury Unit and any integral multiple thereof. 

14

 

3.2   Rights and Obligations Evidenced by the Certificates  

	(a)
	Each
Corporate Units Certificate shall evidence the number of Corporate Units specified therein, with each such Corporate Unit representing (1) the ownership by the Holder
thereof of a beneficial interest in a Note, subject to the Pledge of such Note by such Holder pursuant to the Pledge Agreement, and (2) the rights and obligations of the Holder thereof and the
Issuer under one Purchase Contract. The Purchase Contract Agent shall pledge, as attorney-in-fact for, and on behalf of, the Holder of each Corporate Unit, pursuant to the
Pledge Agreement, the Note forming a part of such Corporate Unit, to the Collateral Agent for the benefit of the Issuer, and grant to the Collateral Agent, for the benefit of the Issuer, a security
interest in the right, title and interest of such Holder in such Note to secure the obligation of the Holder under each Purchase Contract to purchase shares of Common Stock.

	(b)
	Upon
the formation of a Treasury Unit pursuant to Section 3.13, each Treasury Unit Certificate shall evidence the number of Treasury Units specified therein, with each such
Treasury Unit representing (1) the ownership by the Holder thereof of a [1/40th] undivided beneficial
interest in a Treasury Security with a principal amount equal to [$1,000],
subject to the Pledge of such interest by such Holder pursuant to the Pledge Agreement, and (2) the rights and obligations of the Holder thereof and the Issuer under one Purchase Contract. The
Purchase Contract Agent shall pledge, as attorney-in-fact for, and on behalf of, the Holder of each Treasury Unit, pursuant to the Pledge Agreement, such Holder's interest in
the Treasury Security forming a part of such Treasury Unit to the Collateral Agent, for the benefit of the Issuer, and grant to the Collateral Agent, for the benefit of the Issuer, a security interest
in the right, title and interest of such Holder in such Treasury Security to secure the obligation of the Holder under each Purchase Contract to purchase shares of Common Stock.

	(c)
	Prior
to the purchase of shares of Common Stock under each Purchase Contract, such Purchase Contracts shall not entitle the Holder of a Unit to any of the rights of a holder of shares
of Common Stock, including, without limitation, the right to vote or receive any dividends or other payments or to consent or to receive notice as a shareholder in respect of the meetings of
shareholders or for the election of directors of the Issuer or for any other matter, or any other rights whatsoever as a shareholder of the Issuer. 

3.3   Execution, Authentication, Delivery and Dating  

	(a)
	Subject
to the provisions of Sections 3.13 and 3.14 hereof, upon the execution and delivery of this Agreement, and at any time and from time to time thereafter, the Issuer may deliver
Certificates executed by the Issuer to the Purchase Contract Agent for authentication, execution on behalf of the Holders and delivery, together with its Issuer Order for authentication of such
Certificates, and the Purchase Contract Agent in accordance with such Issuer Order shall authenticate, execute on behalf of the Holders and deliver such Certificates.

	(b)
	The
specific terms of the Units will be supplemented by the terms contained in the Certificates executed and delivered by the Issuer or in the accompanying Issuer Order. The
accompanying Issuer Order will also specify whether the Pledge Agreement and the Remarketing Agreement are applicable and, if so, the terms of those agreements.

	(c)
	The
Certificates shall be executed on behalf of the Issuer by its Chairman of the Supervisory Board, its Chief Executive Officer, its Chief Financial Officer, its Treasurer or one of
its Vice Presidents. The signature of any of these officers on the Certificates may be manual or facsimile.

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

15

 

	(e)
	No
Purchase Contract evidenced by a Certificate shall be valid until such Certificate has been executed on behalf of the Holder by the manual signature of an authorized officer of the
Purchase Contract Agent, as such Holder's attorney-in-fact. Such signature by an authorized officer of the Purchase Contract Agent shall be conclusive evidence that the Holder
of such Certificate has entered into the Purchase Contracts evidenced by such Certificate.

	(f)
	Each
Certificate shall be dated the date of its authentication.

	(g)
	No
Certificate shall be entitled to any benefit under this Agreement or be valid or obligatory for any purpose unless there appears on such Certificate a certificate of authentication
substantially in the form provided for herein executed by an authorized officer of the Purchase Contract Agent by manual signature, and such certificate upon any Certificate shall be conclusive
evidence, and the only evidence, that such Certificate has been duly authenticated and delivered hereunder. 

3.4   Temporary Certificates  

	(a)
	Pending
the preparation of definitive Certificates, the Issuer shall execute and deliver to the Purchase Contract Agent, and the Purchase Contract Agent shall authenticate, execute on
behalf of the Holders, and deliver, in lieu of such definitive Certificates, temporary Certificates which are in substantially the form set forth in Exhibit 1 or Exhibit 2 to this
Agreement, as the case may be, with such letters, numbers or other marks of identification or designation and such legends or endorsements printed, lithographed or engraved thereon as may be required
by the rules of any securities exchange on which the Corporate Units or Treasury Units, as the case may be, are listed, or as may, consistently herewith, be determined by the officers of the Issuer
executing such Certificates, as evidenced by their execution of the Certificates.

	(b)
	If
temporary Certificates are issued, the Issuer will cause definitive Certificates to be prepared without unreasonable delay. After the preparation of definitive Certificates, the
temporary Certificates shall be exchangeable for definitive Certificates upon surrender of the temporary Certificates at the Corporate Trust Office, at the expense of the Issuer and without charge to
the Holder. Upon surrender for cancellation of any one or more temporary Certificates, the Issuer shall execute and deliver to the Purchase Contract Agent, and the Purchase Contract Agent shall
authenticate, execute on behalf of the Holder, and deliver in exchange therefor, one or more definitive Certificates of like tenor and denominations and evidencing a like number of Units as the
temporary Certificate or Certificates so surrendered. Until so exchanged, the temporary Certificates shall in all respects evidence the same benefits and the same obligations with respect to the Units
evidenced thereby as definitive Certificates. 

3.5   Registration; Registration of Transfer and Exchange  

	(a)
	The
Purchase Contract Agent shall keep at the Corporate Trust Office a register (the Security Register) in which, subject to such
reasonable regulations as it may prescribe, the Purchase Contract Agent shall provide for the registration of Certificates and of transfers of Certificates (the Purchase Contract Agent, in such
capacity, the Security Registrar). The Security Registrar shall record separately the registration and transfer of the Certificates evidencing Corporate
Units and Treasury Units.

	(b)
	Subject
to the conditions set forth in this Agreement and in the Pledge Agreement, upon surrender for registration of transfer of any Certificate at the Corporate Trust Office, the
Issuer shall execute and deliver to the Purchase Contract Agent, and the Purchase Contract Agent shall authenticate, execute on behalf of the designated transferee or transferees, and deliver, in the
name of the designated transferee or transferees, one or more new Certificates of any authorized denominations, like tenor, and evidencing a like number of Corporate Units or Treasury Units, as the
case may be. 

16

 

	(c)
	Subject
to the conditions set forth in this Agreement and in the Pledge Agreement, at the option of the Holder, Certificates may be exchanged for other Certificates, of any authorized
denominations and evidencing a like number of Corporate Units or Treasury Units, as the case may be, upon surrender of the Certificates to be exchanged at the Corporate Trust Office. Whenever any
Certificates are so surrendered for exchange, the Issuer shall execute and deliver to the Purchase Contract Agent, and the Purchase Contract Agent shall authenticate, execute on behalf of the Holder,
and deliver the Certificates that the Holder making the exchange is entitled to receive.

	(d)
	All
Certificates issued upon any registration of transfer or exchange of a Certificate shall evidence the ownership of the same number of Corporate Units or Treasury Units, as the
case may be, and be entitled to the same benefits and subject to the same obligations under this Agreement as the Corporate Units or Treasury Units, as the case may be, evidenced by the Certificate
surrendered upon such registration of transfer or exchange.

	(e)
	Every
Certificate presented or surrendered for registration of transfer or exchange shall (if so required by the Purchase Contract Agent) be duly endorsed, or be accompanied by a
written instrument of transfer in form satisfactory to the Issuer and the Purchase Contract Agent duly executed, by the Holder thereof or its attorney duly authorized in writing.

	(f)
	No
service charge shall be made for any registration of transfer or exchange of a Certificate, but the Issuer and the Purchase Contract Agent may require payment from the Holder of a
sum sufficient to cover any tax or other governmental charge that may be imposed in connection with any registration of transfer or exchange of Certificates, other than any exchanges pursuant to
Sections 3.4, 3.6 and 8.5 not involving any transfer.

	(g)
	Notwithstanding
the foregoing, the Issuer shall not be obligated to execute and deliver to the Purchase Contract Agent, and the Purchase Contract Agent shall not be obligated to
authenticate, execute on behalf of the Holder and deliver any Certificate in exchange for any other Certificate presented or surrendered for registration of transfer or for exchange on or after the
Business Day immediately preceding the earliest to occur of any Early Settlement Date with respect to such Certificate, any Cash Merger Early Settlement Date with respect to such Certificate, the
Purchase Contract Settlement Date or the Termination Date. In lieu of delivery of a new Certificate, upon satisfaction of the applicable conditions specified above in this Section and receipt of
appropriate registration or transfer instructions from such Holder, the Purchase Contract Agent shall:

	(i)
	if
the Purchase Contract Settlement Date (including upon any Cash Settlement) or an Early Settlement Date or a Cash Merger Early Settlement Date with respect to such
other Certificate has occurred, deliver the shares of Common Stock issuable in respect of the Purchase Contracts forming a part of the Units evidenced by such other Certificate; or

	(ii)
	if
a Termination Event shall have occurred prior to the Purchase Contract Settlement Date, transfer the Notes or the Treasury Securities evidenced thereby, in each case
subject to the applicable conditions and in accordance with the applicable provisions of Section 3.15 and Article Five hereof. 

17

 

3.6   Book-Entry Interests  

	(a)
	The
Certificates, on original issuance, will be issued in the form of one or more fully registered Global Certificates, to be delivered to the Depositary or its custodian by, or on
behalf of, the Issuer. The Issuer hereby designates DTC as the initial Depositary. Such Global Certificates shall initially be registered on the books and records of the Issuer in the name of
Cede & Co., the nominee of the Depositary, and no Beneficial Owner will receive a definitive Certificate representing such Beneficial Owner's interest in such Global Certificate, except as
provided in Section 3.9. The Purchase Contract Agent shall enter into an agreement with the Depositary if so requested by the Issuer. Unless and until definitive, fully registered Certificates
have been issued to Beneficial Owners pursuant to Section 3.9:

	(i)
	the
provisions of this Section 3.6 shall be in full force and effect;

	(ii)
	the
Issuer shall be entitled to deal with the Depositary for all purposes of this Agreement (including, without limitation, making Contract Adjustment Payments and
receiving approvals, votes or consents hereunder) as the Holder of the Units and the sole holder of the Global Certificates and shall have no obligation to the Beneficial Owners;

	(iii)
	to
the extent that the provisions of this Section 3.6 conflict with any other provisions of this Agreement, the provisions of this Section 3.6 shall
control; and

	(iv)
	the
rights of the Beneficial Owners shall be exercised only through the Depositary and shall be limited to those established by law and agreements between such
Beneficial Owners and the Depositary or the Depositary Participants.

	(b)
	Transfers
of securities evidenced by Global Certificates shall be made through the facilities of the Depositary, and any cancellation of, or increase or decrease in the number of,
such securities (including the creation of Treasury Units and the recreation of Corporate Units pursuant to Sections 3.13 and 3.14 respectively) shall be accomplished by making appropriate annotations
on the Schedule of Increases and Decreases for such Global Certificate. 

3.7   Notices to Holders  

        Whenever a notice or other communication to the Holders is required to be given under this Agreement, the Issuer or the Issuer's agent shall give such notices and
communications to the Holders and, with respect to any Units registered in the name of the Depositary or the nominee of the Depositary, the Issuer or the Issuer's agent shall, except as set forth
herein, have no obligations to the Beneficial Owners. 

3.8   Appointment of Successor Depositary  

        If the Depositary elects to discontinue its services as securities depositary with respect to the Units, the Issuer may, in its sole discretion, appoint a
successor Depositary with respect to the Units. 

3.9   Definitive Certificates  

        If: 

	(a)
	the
Depositary notifies the Issuer that it is unwilling or unable to continue its services as securities depositary with respect to the Units and no successor Depositary has been
appointed pursuant to Section 3.8 within 90 days after such notice; or

	(b)
	the
Depositary ceases to be a "clearing agency" registered under Section 17A of the Exchange Act when the Depositary is required to be so registered to act as the Depositary
and so notifies the Issuer, and no successor Depositary has been appointed pursuant to within 90 days after such notice; or 

18

 

	(c)
	the
Issuer determines in its sole discretion that the Global Certificates shall be exchangeable for definitive Certificates, 

then
(x) definitive Certificates shall be prepared by the Issuer with respect to such Units and delivered to the Purchase Contract Agent and (y) upon surrender of the Global Certificates
representing the Units by the Depositary, accompanied by registration instructions, the Issuer shall cause definitive Certificates to be delivered to Beneficial Owners in accordance with the
instructions of the Depositary. The Issuer and the Purchase Contract Agent shall not be liable for any delay in delivery of such instructions and may conclusively rely on and shall be authorized and
protected in relying on, such instructions. Each definitive Certificate so delivered shall evidence Units of the same kind and tenor as the Global Certificate so surrendered in respect thereof. 

3.10 Mutilated, Destroyed, Lost and Stolen Certificates  

	(a)
	If
any mutilated Certificate is surrendered to the Purchase Contract Agent, the Issuer shall execute and deliver to the Purchase Contract Agent, and the Purchase Contract Agent shall
authenticate, execute on behalf of the Holder, and deliver in exchange therefor, a new Certificate, evidencing the same number of Corporate Units or Treasury Units, as the case may be, and bearing a
Certificate number not contemporaneously outstanding.

	(b)
	If
there shall be delivered to the Issuer and the Purchase Contract Agent (i) evidence to their satisfaction of the destruction, loss or theft of any Certificate, and
(ii) such security or indemnity as may be required by them to hold each of them and any agent of any of them harmless, then, in the absence of notice to the Issuer or the Purchase Contract
Agent that such Certificate has been acquired by a bona fide purchaser, the Issuer shall execute and deliver to the Purchase Contract Agent, and the Purchase Contract Agent shall authenticate, execute
on behalf of the Holder, and deliver to the Holder, in lieu of any such destroyed, lost or stolen Certificate, a new Certificate, evidencing the same number of Corporate Units or Treasury Units, as
the case may be, and bearing a Certificate number not contemporaneously outstanding.

	(c)
	Notwithstanding
the foregoing, the Issuer shall not be obligated to execute and deliver to the Purchase Contract Agent, and the Purchase Contract Agent shall not be obligated to
authenticate, execute on behalf of the Holder, and deliver to the Holder, a Certificate on or after the Business Day immediately preceding the earliest of any Early Settlement Date with respect to
such lost or mutilated Certificate, any Cash Merger Early Settlement Date with respect to such lost or mutilated Certificate, the Purchase Contract Settlement Date or the Termination Date. In lieu of
delivery of a new Certificate, upon satisfaction of the applicable conditions specified above in this Section and receipt of appropriate registration or transfer instructions from such Holder, the
Purchase Contract Agent shall:

	(i)
	if
the Purchase Contract Settlement Date or Early Settlement Date or Cash Merger Early Settlement Date with respect to such lost, stolen, destroyed or mutilated
Certificate has occurred, deliver the shares of Common Stock issuable in respect of the Purchase Contracts forming a part of the Units evidenced by such Certificate; or

	(ii)
	if
a Cash Settlement with respect to such lost or mutilated Certificate or if a Termination Event shall have occurred prior to the Purchase Contract Settlement Date,
transfer the Notes or the Treasury Securities evidenced thereby, in each case subject to the applicable conditions and in accordance with the applicable provisions of Section 3.15 and Article
Five hereof. 

19

 

	(d)
	Upon
the issuance of any new Certificate under this Section, the Issuer and the Purchase Contract Agent may require the payment by the Holder of a sum sufficient to cover any tax or
other governmental charge that may be imposed in relation thereto and any other fees and expenses (including, without limitation, the fees and expenses of the Purchase Contract Agent) connected
therewith.

	(e)
	Every
new Certificate issued pursuant to this Section in lieu of any destroyed, lost or stolen Certificate shall constitute an original additional contractual obligation of the Issuer
and of the Holder in respect of the Units evidenced thereby, whether or not the destroyed, lost or stolen Certificate (and the Units evidenced thereby) shall be at any time enforceable by anyone, and
shall be entitled to all the benefits and be subject to all the obligations of this Agreement equally and proportionately with any and all other Certificates delivered hereunder.

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

3.11 Persons Deemed Owners  

	(a)
	Prior
to due presentment of a Certificate for registration of transfer, the Issuer and the Purchase Contract Agent, and any agent of the Issuer or the Purchase Contract Agent, may
treat the Person in whose name such Certificate is registered as the owner of the Units evidenced thereby for purposes of (subject to any applicable record date) any payment or distribution on the
Notes, payment of Contract Adjustment Payments and performance of the Purchase Contracts and for all other purposes whatsoever in connection with such Units, whether or not such payment, distribution,
or performance shall be overdue and notwithstanding any notice to the contrary, and neither the Issuer nor the Purchase Contract Agent, nor any agent of the Issuer or the Purchase Contract Agent,
shall be affected by notice to the contrary. 

20

  

	(b)
	Notwithstanding
the foregoing, with respect to any Global Certificate, nothing contained herein shall prevent the Issuer, the Purchase Contract Agent or any agent of the Issuer or the
Purchase Contract Agent, from giving effect to any written certification, proxy or other authorization furnished by the Depositary (or its nominee), as a Holder, with respect to such Global
Certificate, or impair, as between such Depositary and the related Beneficial Owner, the operation of customary practices governing the exercise of rights of the Depositary (or its nominee) as Holder
of such Global Certificate. None of the Issuer, the Purchase Contract Agent or any agent of the Issuer or the Purchase Contract Agent 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 Certificate or maintaining, supervising or reviewing any records relating to such beneficial ownership
interests. 

3.12 Cancellation  

	(a)
	All
Certificates surrendered (i) for delivery of shares of Common Stock on or after the Purchase Contract Settlement Date, (ii) upon the transfer of Notes, or for
delivery of the Treasury Securities, after the occurrence of a Termination Event or pursuant to a Cash Settlement, an Early Settlement or a Cash Merger Early Settlement, or (iii) upon the
registration of transfer or exchange of a Unit, or a Collateral Substitution or the recreation of Corporate Units shall, if surrendered to any Person other than the Purchase Contract Agent, be
delivered to the Purchase Contract Agent along with appropriate written instructions regarding the cancellation thereof and, if not already cancelled, shall be promptly cancelled by it. The Issuer may
at any time deliver to the Purchase Contract Agent for cancellation any Certificates previously authenticated, executed and delivered hereunder which the Issuer may have acquired in any manner
whatsoever, and all Certificates so delivered shall, upon an Issuer Order, be promptly cancelled by the Purchase Contract Agent. No Certificates shall be authenticated, executed on behalf of the
Holder and delivered in lieu of or in exchange for any Certificates cancelled as provided in this Section, except as expressly permitted by this Agreement. All cancelled Certificates held by the
Purchase Contract Agent shall be disposed of in accordance with its customary practices.

	(b)
	If
the Issuer or any Affiliate of the Issuer shall acquire any Certificate, such acquisition shall not operate as a cancellation of such Certificate unless and until such Certificate
is delivered to the Purchase Contract Agent cancelled or with appropriate written instructions regarding the cancellation thereof. 

3.13 Creation of Treasury Units by Substitution of Treasury Securities  

	(a)
	Subject
to the conditions set forth in this Agreement and unless otherwise provided in the applicable Issuer Order, a Holder may, at any time from and after the date of this Agreement
and prior to 5:00 p.m. (New York City time) on the fifth Business Day immediately preceding the Purchase Contract Settlement Date, effect a Collateral Substitution and separate the Notes from
the related Purchase Contracts in respect of such Holder's Corporate Units by substituting for such Notes, Treasury Securities in an aggregate principal amount at maturity equal to the aggregate
principal amount of such Notes; provided that Holders may make Collateral Substitutions only in integral multiples of  [40] Corporate Units or such other
amount as may be designated in the applicable
Issuer Order. To effect such substitution, the Holder must:

	(i)
	deposit
with the Securities Intermediary Treasury Securities having an aggregate principal amount at maturity equal to the aggregate principal amount of the Notes
comprising part of such Corporate Units; and 

21

 

	(ii)
	transfer
the related Corporate Units to the Purchase Contract Agent accompanied by a notice to the Purchase Contract Agent, substantially in the form of
Exhibit 3 to this Agreement, (i) stating that the Holder has deposited the relevant amount of Treasury Securities to the Securities Intermediary and (ii) requesting that the
Purchase Contract Agent instruct the Collateral Agent to release the Notes underlying such Corporate Units, whereupon the Purchase Contract Agent shall promptly provide an instruction to such effect
to the Collateral Agent, substantially in the form of Exhibit [    •    ] to the Pledge Agreement.

	(b)
	Upon
receipt of the Treasury Securities described in clause (i) above and the instruction described in clause (ii) above, in accordance with the terms of the Pledge
Agreement, the Collateral Agent will cause the Securities Intermediary to effect the release of such Notes from the Pledge, free and clear of the Issuer's security interest therein, and the transfer
of such Notes to the Purchase Contract Agent on behalf of the Holder. Upon receipt of such Notes, the Purchase Contract Agent shall promptly:

	(i)
	cancel
the related Corporate Units;

	(ii)
	transfer
the Notes to the Holder (such Notes shall be tradable as a separate security, independent of the resulting Treasury Units); and

	(iii)
	authenticate,
execute on behalf of such Holder and deliver a Treasury Units Certificate executed by the Issuer in accordance with Section 3.3 evidencing the
same number of Purchase Contracts as were evidenced by the cancelled Corporate Units. Holders who elect to separate the Notes from the related Purchase Contracts and to substitute Treasury Securities
for such Notes shall be responsible for any fees or expenses (including, without limitation, fees and expenses payable to the Collateral Agent for its services as Collateral Agent) in respect of the
substitution, and neither the Issuer nor the Purchase Contract Agent shall be responsible for any such fees or expenses.

	(c)
	In
the event a Holder making a Collateral Substitution pursuant to this Section 3.13 fails to effect a book-entry transfer of the Corporate Units or fails to
deliver Corporate Units Certificates to the Purchase Contract Agent after depositing Treasury Securities with the Collateral Agent, any distributions on the Notes shall be held in the name of the
Purchase Contract Agent or its nominee in trust for the benefit of such Holder, until such Corporate Units are so transferred or the Corporate Units Certificate is so delivered, as the case may be,
or, such Holder provides evidence satisfactory to the Issuer and the Purchase Contract Agent that such Corporate Units Certificate has been destroyed, lost or stolen, together with any indemnity that
may be required by the Purchase Contract Agent and the Issuer.

	(d)
	Except
as described in Section 5.2 or in this Section 3.13 or in connection with a Cash Settlement, an Early Settlement, a Cash Merger Early Settlement or a Termination
Event, for so long as the Purchase Contract underlying a Corporate Unit remains in effect, such Corporate Units shall not be separable into their constituent parts, and the rights and obligations of
the Holder in respect of the Notes and the Purchase Contract comprising such Corporate Units may be acquired, and may be transferred and exchanged, only as a Corporate Unit. 

22

 

3.14 Recreation of Corporate Units  

	(a)
	Subject
to the conditions set forth in this Agreement and unless otherwise provided in the applicable Issuer Order, a Holder of Treasury Units may recreate Corporate Units at any time
on or prior to 5:00 p.m. (New York City time) on the fifth Business Day immediately preceding the Purchase Contract Settlement Date; provided that Holders of Treasury Units may only recreate
Corporate Units in integral multiples of [40] Treasury Units or such other
amount as may be designated in the applicable Issuer Order. To recreate Corporate Units, the Holder must:

	(i)
	transfer
to the Securities Intermediary Notes having an aggregate principal amount equal to the aggregate principal amount at stated maturity of the Treasury Securities
comprising part of the Treasury Units; and

	(ii)
	transfer
the related Treasury Units to the Purchase Contract Agent accompanied by a notice to the Purchase Contract Agent, substantially in the form of Exhibit 3
to this Agreement, (i) stating that the Holder has transferred the relevant amount of Notes to the Securities Intermediary and (ii) requesting that the Purchase Contract Agent instruct
the Collateral Agent to release the Treasury Securities underlying such Treasury Units, whereupon the Purchase Contract Agent shall promptly provide an instruction to such effect to the Collateral
Agent, substantially in the form of Exhibit [    •    ] to the Pledge Agreement.

	(b)
	Upon
receipt of the Notes described in clause (1) above and the instruction described in clause (2) above, in accordance with the terms of the Pledge Agreement, the
Collateral Agent will cause the Securities Intermediary to effect the release of the Treasury Securities having a corresponding aggregate principal amount at maturity from the Pledge, free and clear
of the Issuer's security interest therein, and the transfer thereof to the Purchase Contract Agent on behalf of the Holder. Upon receipt of such Treasury Securities, the Purchase Contract Agent shall
promptly:

	(i)
	cancel
the related Treasury Units;

	(ii)
	transfer
the Treasury Securities to the Holder; and

	(iii)
	authenticate,
execute on behalf of such Holder and deliver a Corporate Unit Certificate executed by the Issuer in accordance with Section 3.3 evidencing the
same number of Purchase Contracts as were evidenced by the cancelled Treasury Units.

	(c)
	Holders
who elect to recreate Corporate Units shall be responsible for any fees or expenses (including, without limitation, fees and expenses payable to the Collateral Agent for its
services as Collateral Agent) in respect of the recreation, and neither the Issuer nor the Purchase Contract Agent shall be responsible for any such fees or expenses. 

Except
as provided in Section 5.2 or in this Section 3.14 or in connection with a Cash Settlement, an Early Settlement, a Cash Merger Early Settlement or a Termination Event, for so long
as the Purchase Contract underlying a Treasury Unit remains in effect, such Treasury Unit shall not be separable into its constituent parts and the rights and obligations of the Holder of such
Treasury Unit in respect of the [1/40th] of a Treasury Security
and the Purchase Contract comprising such Treasury Unit may be acquired, and may be transferred and exchanged, only as a Treasury Unit. 

23

 

3.15 Transfer of Collateral upon Occurrence of Termination Event  

	(a)
	Upon
the occurrence of a Termination Event and the transfer to the Purchase Contract Agent of the Notes or the Treasury Securities, as the case may be, underlying the Corporate Units
and the Treasury Units, as the case may be, pursuant to the terms of the Pledge Agreement, the Purchase Contract Agent shall request transfer instructions with respect to such Notes or Treasury
Securities, as the case may be, from each Holder by written request, substantially in the form of Exhibit 4 to this Agreement, mailed to such Holder at its address as it appears in the Security
Register.

	(b)
	Upon
book-entry transfer of the Corporate Units or the Treasury Units or delivery of a Corporate Units Certificate or Treasury Units Certificate to the Purchase Contract
Agent with such transfer instructions from such Holder as requested by the Purchase Contract Agent in accordance with subparagraph (a) of this Section 3.15, the Purchase Contract Agent
shall transfer the Notes or Treasury Securities, as the case may be, underlying such Corporate Units or Treasury Units, as the case may be, to such Holder by book-entry transfer, or other
appropriate procedures, in accordance with such instructions. In the event a Holder of Corporate Units or Treasury Units fails to effect such transfer or delivery, the Notes or Treasury Securities, as
the case may be, underlying such Corporate Units or Treasury Units, as the case may be, and any distributions thereon, shall be held in the name of the Purchase Contract Agent or its nominee in trust
for the benefit of such Holder, until the earlier to occur of:

	(i)
	the
transfer of such Corporate Units or Treasury Units, the surrender of the Corporate Units Certificate or Treasury Units Certificate or the receipt by the Issuer and
the Purchase Contract Agent from such Holder of satisfactory evidence that such Corporate Units Certificate or Treasury Units Certificate has been destroyed, lost or stolen, together with any
indemnity that may be required by the Purchase Contract Agent and the Issuer; and

	(ii)
	the
expiration of the time period specified in the abandoned property laws of the state in which the Purchase Contract Agent holds such property. 

3.16 No Consent to Assumption  

        [Each Holder of a Unit, by acceptance thereof, shall be deemed expressly to have withheld any consent to the assumption under Section 365 of
the Bankruptcy Code or otherwise, of the Purchase Contract by the Issuer or its trustee, receiver, liquidator or a person or entity performing similar functions in the event that the Issuer becomes
the debtor under the Bankruptcy Code or subject to other similar state or Federal law providing for reorganization or liquidation.] 

4.     THE NOTES  

4.1   Interest Payments; Rights to Interest Payments Preserved  

	(a)
	Any
payment on any Note that is paid on any Payment Date shall, subject to receipt thereof by the Purchase Contract Agent from the Collateral Agent as provided by the terms of the
Pledge Agreement, be paid to the Person in whose name the Corporate Units Certificate (or one or more Predecessor Corporate Units Certificates) of which such Note forms a part is registered at the
close of business on the Record Date for such Payment Date.

	(b)
	Each
Corporate Units Certificate evidencing Notes delivered under this Agreement upon registration of transfer of or in exchange for or in lieu of any other Corporate Units
Certificate shall carry the right to receive accrued and unpaid interest or distributions, and to accrue future interest or distributions, which were carried by the Notes underlying such other
Corporate Units Certificate. 

24

 

	(c)
	In
the case of any Corporate Unit with respect to which (A) Cash Settlement of the underlying Purchase Contract is properly effected pursuant to Section 5.2 hereof,
(B) Early Settlement of the underlying Purchase Contract is properly effected pursuant to Section 5.7 hereof, (C) Cash Merger Early Settlement of the underlying Purchase Contract
is properly effected pursuant to Section 5.4(b)(ii) hereof, or (D) a Collateral Substitution is properly effected pursuant to Section 3.13, in each case on a date that is
after any Record Date and on or prior to the next succeeding Payment Date, interest on the Notes underlying such Corporate Unit otherwise payable on such Payment Date shall be payable on such Payment
Date notwithstanding such Cash Settlement, Early Settlement, Cash Merger Early Settlement or Collateral Substitution, and such payment or distributions shall, subject to receipt thereof by the
Purchase Contract Agent, be payable to the Person in whose name the Corporate Units Certificate (or one or more Predecessor Corporate Units Certificates) was registered at the close of business on the
Record Date.

	(d)
	Except
as otherwise expressly provided in the immediately preceding paragraph, in the case of any Corporate Units with respect to which Cash Settlement, Early Settlement or Cash
Merger Early Settlement of the underlying Purchase Contract is properly effected, or with respect to which a Collateral Substitution has been effected, payments on the related Notes that would
otherwise be payable or made after the Purchase Contract Settlement Date, Early Settlement Date, Cash Merger Early Settlement Date or the date of the Collateral Substitution, as the case may be, shall
not be payable hereunder to the Holder of such Corporate Units; provided, however, that to the extent that such Holder continues to hold Separate Notes that formerly comprised a part of such Holder's
Corporate Units, such Holder shall be entitled to receive interest on such Separate Notes. 

4.2   Notice and Voting  

	(a)
	Under
the terms of the Pledge Agreement, the Purchase Contract Agent will be entitled to exercise the voting and any other consensual rights pertaining to the Pledged Notes, but only
to the extent instructed in writing by the Holders as described below. Upon receipt of notice of any meeting at which holders of Notes are entitled to vote or upon any solicitation of consents,
waivers or proxies of holders of Notes, the Purchase Contract Agent shall, as soon as practicable thereafter, mail, first class, postage pre-paid, to the Holders of Corporate Units a
notice:

	(i)
	containing
such information as is contained in the notice or solicitation;

	(ii)
	stating
that each Holder on the record date set by the Purchase Contract Agent therefor (which, to the extent possible, shall be the same date as the record date for
determining the holders of Notes, as the case may be, entitled to vote) shall be entitled to instruct the Purchase Contract Agent as to the exercise of the voting rights pertaining to such Notes
underlying their Corporate Units; and

	(iii)
	stating
the manner in which such instructions may be given.

	(b)
	Upon
the written request of the Holders of Corporate Units on such record date received by the Purchase Contract Agent at least six days prior to such meeting, the Purchase Contract
Agent shall endeavor insofar as practicable to vote or cause to be voted, in accordance with the instructions set forth in such requests, the maximum number of Notes, as the case may be, as to which
any particular voting instructions are received. In the absence of specific instructions from the Holder of a Corporate Unit, the Purchase Contract Agent shall abstain from voting the Notes underlying
such Corporate Unit. The Issuer hereby agrees, if applicable, to solicit Holders of Corporate Units to timely instruct the Purchase Contract Agent in order to enable the Purchase Contract Agent to
vote such Notes. 

25

 

4.3   Redemption  

        If so designated in an Issuer Order, the Issuer may elect to redeem the Notes upon certain events. If the Issuer elects to do so, the Issuer shall notify the
Collateral Agent in writing of its election and of the relevant date on which such redemption shall occur. On the relevant redemption date the Collateral Agent shall release and surrender the pledged
Notes to the Indenture Trustee against delivery of an amount equal to the aggregate redemption price for the Notes so redeemed. 

5.     THE PURCHASE CONTRACTS  

5.1   Purchase of Shares of Common Stock  

	(a)
	Purchase
Contracts may be issued as part of a Unit or independently of a Unit. Purchase Contracts may be issued in one or more series by Issuer Order. A Purchase Contract will be
substantially in the form of Exhibit 7. There shall be established pursuant to one or more Board Resolutions (and to the extent established pursuant to rather than set forth in a Board
Resolution, in an Officers' Certificate detailing such establishment) or established in one or more agreements supplemental hereto, prior to the initial issuance of Purchase Contracts of such series:

	(i)
	the
designation of the Purchase Contracts of the series, which shall distinguish the Purchase Contracts of the series from the Purchase Contracts of all other series;

	(ii)
	any
limit upon the aggregate number of the Purchase Contracts of the series that may be countersigned and delivered under this Agreement (disregarding any Purchase
Contracts countersigned and delivered upon registration of transfer of, or in exchange for, or in lieu of, other Purchase Contracts of the series);

	(iii)
	the
securities used to determine the amount payable upon settlement of the Purchase Contracts of the series (Purchase Contract
Property), and the amount of such property (or the method for determining the same);

	(iv)
	whether
the Purchase Contracts of the series provide for the purchase by the Issuer and the sale by the Holder or the sale by the Issuer and the purchase by the Holder
of the Purchase Contract Property;

	(v)
	the
Purchase Price (as defined below) at which and, if other than U.S. dollars, the coin or currency with which the Purchase Contract Property is to be purchased and
sold upon settlement of the Purchase Contracts of the series (or the method for determining the same) and whether the Purchase Price for such Purchase Contracts may be paid in cash or by the exchange
or any other security, or both, or otherwise, and the time at which such Purchase Price shall be paid (if different from the settlement date);

	(vi)
	the
specific dates on which the Purchase Contracts will be settled, whether the settlement may be accelerated by the Issuer or the Holders thereof and, if so, the
initial accelerated settlement date, the minimum number of Purchase Contracts that may be accelerated and the minimum number of Purchase Contracts greater than zero that must remain outstanding
immediately following such acceleration;

	(vii)
	whether
any Purchase Contracts of the series will be issued in global form or definitive form or both, and whether and on what terms (if different from those set forth
herein) Purchase Contracts in one form may be converted into or exchanged for Purchase Contracts in the other form;

	(viii)
	any
agents, depositaries, authenticating or paying agents, transfer agents or registrars or any determination or calculation agents or other agents with respect to
Purchase Contracts of the series; 

26

 

	(ix)
	whether
the Purchase Contracts of such series will be subject to redemption by the Issuer and, if so, the initial redemption date, the minimum number of Purchase
Contracts that may be redeemed and the minimum number of Purchase Contracts greater than zero that must remain Outstanding immediately following such redemption; and

	(x)
	any
other terms of the Purchase Contracts of the series (which terms shall supplement, but shall not be inconsistent with the provisions of this Agreement). 

All
Purchase Contracts of any one series shall be substantially identical, except as may otherwise be provided by or pursuant to the Board Resolution or Officers' Certificate referred to above or as
set forth in any such agreement supplemental hereto. All Purchase Contracts of any one series need not be issued at the same time and may be issued from time to time, consistent with the terms of this
Agreement, if so provided by or pursuant to such Board Resolution, such Officers' Certificate or in such agreement supplemental hereto. 

	(b)
	Each
Purchase Contract shall obligate the Holder of the related Units to purchase or subscribe for, as the case may be, and the Issuer to sell or issue, as the case may be, on the
Purchase Contract Settlement Date at a price equal to the Stated Amount (the Purchase Price), a number of newly issued shares of Common Stock (subject
to Section 5.9) equal to the Settlement Rate unless an Early Settlement, a Cash Merger Early Settlement or a Termination Event with respect to the Units of which such Purchase Contract is a
part shall have occurred. The Settlement Rate is equal to:

	(i)
	if
the Adjusted Applicable Market Value (as defined below) is greater than or equal to the amount so designated in the applicable Issuer Order (the  Threshold Appreciation Price), the number of shares of
Common Stock per Purchase Contract so designated the applicable Issuer Order;

	(ii)
	if
the Adjusted Applicable Market Value is less than the Threshold Appreciation Price but greater than the amount so designated in the applicable Issuer Order (the  Reference Price), the number of shares of
Common Stock per Purchase Contact having a value equal to the Stated Amount divided by the Adjusted Applicable
Market Value; or

	(iii)
	if
the Adjusted Applicable Market Value is less than or equal to the Reference Price, the number of shares of Common Stock per Purchase Contract; 

in
each case subject to adjustment as provided in Section 5.4 (and in each case rounded upward or downward to the nearest 1/10,000th of a share). 

The
Applicable Market Value means the average of the Closing Price per share of Common Stock on each of the 20 consecutive Trading Days ending on the
third Trading Day immediately preceding the Purchase Contract Settlement Date, subject to adjustments set forth under Section 5.4 hereof. 

The  Adjusted Applicable Market Value means (i) prior to any adjustment of the Settlement Rate pursuant to paragraph (i), (ii), (iii),
(iv), (v), (vi), (vii) or (x) of Section 5.4(a), the Applicable Market Value, and (ii) at the time of and after any adjustment of the Settlement Rate pursuant to
paragraph (i), (ii), (iii), (iv), (v), (vi), (vii) or (x) of Section 5.4(a), the Applicable Market Value multiplied by a fraction of which the numerator shall be the
Settlement Rate immediately after such adjustment pursuant to paragraph (i), (ii), (iii), (iv), (v), (vi), (vii) or (x) of Section 5.4(a) and the denominator shall be the
Settlement Rate immediately prior to such adjustment; provided, however, that if such adjustment to the Settlement Rate is required to be made pursuant to the occurrence of any of the events
contemplated by paragraph (i), (ii), (iii), (iv), (v), (vi), (vii) and (x) of Section 5.4(a) during the period taken into consideration for determining the Applicable
Market Value, appropriate and customary adjustments shall be made to the Settlement Rate. 

27

 

The
Closing Price of Common Stock on any date of determination means the closing sale price of the Common Stock on Euronext Amsterdam, or any successor
to it, on such date or, if the Common Stock is not listed for trading on Euronext Amsterdam on any such date, the market value of the Common Stock in euro on the date of determination as determined by
an internationally recognized independent investment banking firm retained by the Issuer for this purpose. 

A
Trading Day means a day on which the Common Stock (1) is not suspended from trading on any national or regional securities exchange or
association or over-the-counter market at the close of business and (2) has traded at least once on the national or regional securities exchange or association or
over-the-counter market that is the primary market for the trading of the Common Stock. 

	(c)
	Each
Holder of a Corporate Unit or a Treasury Unit, by its acceptance of such Unit, irrevocably:

	(i)
	authorizes
the Purchase Contract Agent to enter into and perform the related Purchase Contract on its behalf as its attorney-in-fact (including,
without limitation, the execution of Certificates on behalf of such Holder);

	(ii)
	agrees
to be bound by the terms and provisions thereof;

	(iii)
	covenants
and agrees to perform its obligations under such Purchase Contract for so long as such Holder remains a Holder of a Corporate Unit or a Treasury Unit;

	(iv)
	consents
to the provisions hereof;

	(v)
	authorizes
the Purchase Contract Agent to enter into and perform this Agreement and the Pledge Agreement on its behalf and in its name as its
attorney-in-fact;

	(vi)
	consents
to, and agrees to be bound by, the Pledge of such Holder's right, title and interest in and to the Collateral Account, including the Notes or the Treasury
Securities pursuant to the Pledge Agreement;

	(vii)
	agrees
to treat itself as the owner, for Dutch income tax purposes of the applicable interest in the Collateral, including the Notes and the Case, if any, contained in
its Collateral Account; and

	(viii)
	for
United States federal, state and local income and franchise tax purposes, agrees to (i) treat an acquisition of the Corporate Units as an acquisition of
the Note and Purchase Contract constituting the Corporate Units, (ii) treat the Notes as indebtedness of the Issuer and (iii) treat itself as the owner of the applicable interest in the
Collateral Account, including the Notes or the Treasury Securities, 

provided
that upon a Termination Event, the rights of the Holder of such Units under the Purchase Contract may be enforced without regard to any other rights or obligations. 

	(d)
	Each
Holder of a Corporate Unit or a Treasury Unit, by its acceptance thereof, further covenants and agrees that to the extent and in the manner provided in Section 5.2 hereof
and the Pledge Agreement, but subject to the terms thereof, Proceeds of the Notes or the Treasury Securities on the Purchase Contract Settlement Date, shall be paid by the Collateral Agent to the
Issuer in satisfaction of such Holder's obligations under such Purchase Contract and such Holder shall acquire no right, title or interest in such Proceeds. 

28

 

	(e)
	Upon
registration of transfer of a Certificate, the transferee shall be bound (without the necessity of any other action on the part of such transferee) by the terms of this
Agreement, the Purchase Contracts underlying such Certificate and the Pledge Agreement and the transferor shall be released from the obligations under this Agreement, the Purchase Contracts underlying
the Certificate so transferred and the Pledge Agreement. The Issuer covenants and agrees, and each Holder of a Certificate, by its acceptance thereof, likewise covenants and agrees, to be bound by the
provisions of this paragraph.

	(f)
	The
applicable Issuer Order may specify additional rights and/or obligations of the holder of Common Stock. 

5.2   Remarketing; Payment of Purchase Price  

	(a)
	(i)
The Issuer shall engage the Remarketing Agent pursuant to the Remarketing Agreement for Remarketing the Notes. By 11:00 a.m. (New York City time) on the Business Day
immediately preceding the Remarketing Date, the Purchase Contract Agent shall notify the Remarketing Agent of the aggregate principal amount of Pledged Notes, and the Custodial Agent shall notify the
Remarketing Agent of the aggregate principal amount of Separate Notes (if any) that are to be remarketed pursuant to clause (ii) below. Concurrently, the Custodial Agent, pursuant to
clause (ii) below, will present for Remarketing the Separate Notes, to the Remarketing Agent. Upon receipt of such notice from the Purchase Contract Agent and Custodial Agent and the Pledged
Notes and Separate Notes (if any) from the Collateral Agent and Custodial Agent, the Remarketing Agent will, on the Remarketing Date, use its reasonable efforts to remarket (based on the Reset Rate)
(the Remarketing) such Pledged Notes and Separate Notes on such date at a price as designated in the applicable Issuer Order. 

If
the Remarketing Agent is able to remarket the Notes and Separate Notes at a price equal to or greater than 100% (net of the Remarketing Fee and any other fees and commissions) of the aggregate
principal amount of the Notes and Separate Notes (if any) (a Successful Remarketing), the Remarketing Agent will remit the proceeds attributable to the
Remarketing of the Pledged Notes from such Successful Remarketing to the Collateral Agent. The Remarketing Agent shall deduct as a remarketing fee (the Remarketing
Fee) an amount as designated in the applicable Issuer Order. Upon receipt of the proceeds attributable to the Remarketing, the Collateral Agent shall cause the Securities
Intermediary to transfer the Pledged Notes to the Purchase Contract Agent for disposition in accordance with instructions from the Remarketing Agent. 

None
of the Issuer, the Purchase Contract Agent, or any Holders of Corporate Units or holders of Separate Notes whose Notes or Separate Notes are so remarketed will otherwise be responsible for the
payment of any Remarketing Fee in connection therewith. With respect to Separate Notes, any proceeds of the Remarketing in excess of the Remarketing Fee attributable to the Separate Notes will be
remitted to the Custodial Agent for payment to the holders of Separate Notes. The proceeds from the Remarketing remitted to the Collateral Agent shall be invested by the Collateral Agent in Permitted
Investments, in accordance with the Pledge Agreement, and then applied to satisfy in full the obligations of such Holders of Corporate Units to pay the Purchase Price for the shares of Common Stock
under the related Purchase Contracts, less the amount of any Deferred Contract Adjustment Payments payable to such Holders, on the Purchase Contract Settlement Date. Any proceeds in excess of those
required to pay the Purchase Price and the Remarketing Fee will be remitted to the Purchase Contract Agent for payment to the Holders of the related Corporate Units. With respect to Pledged Notes, any
proceeds of the Remarketing in excess of the Remarketing Fee will be remitted to the Purchase Contract Agent for payment to the Holders of the related Corporate Units. 

29

 

	(ii)
	Prior
to 5:00 p.m. (New York City time) on the fifth Business Day immediately preceding the Remarketing Date, but no earlier than the Payment Date immediately
preceding such date, Holders of Separate Notes may elect to have their Separate Notes remarketed under the Remarketing Agreement by delivering their Separate Notes, along with a notice of such
election, substantially in the form of Exhibit 6 to the Pledge Agreement, to the Custodial Agent. After such time, such election shall become an irrevocable election to have such Separate Notes
remarketed in such Remarketing. The Custodial Agent shall hold Separate Notes in an account separate from the Collateral Account in which the Pledged Notes (as defined in the Pledge Agreement) shall
be held. Holders of Separate Notes electing to have their Separate Notes remarketed will also have the right to withdraw that election by written notice to the Custodial Agent, substantially in the
form of Exhibit 7 to the Pledge Agreement, on or prior to 5:00 p.m. (New York City time) on the fifth Business Day immediately preceding the Remarketing Date, upon which notice the
Custodial Agent shall return such Separate Notes to such Holder. Promptly after 11:00 a.m. on the Business Day immediately preceding the Remarketing Date, the Custodial Agent shall notify the
Remarketing Agent of the aggregate principal amount of the Separate Notes to be remarketed and will deliver to the Remarketing Agent for remarketing all such Separate Notes delivered to the Custodial
Agent pursuant to Section 5.7(c) of the Pledge Agreement and not validly withdrawn prior to such date.

	(iii)
	Not
later than seven calendar days nor more than 15 calendar days prior to the Remarketing Date, the Issuer shall request the Depositary or its nominee to notify the
Beneficial Owners or Depositary Participants holding Units of the procedures to be followed in such Remarketing, including, in the case of a Failed Remarketing, the procedures to be followed if a
Holder wishes to exercise its Put Right(s).

	(iv)
	The
Issuer agrees to use its reasonable efforts to ensure that, if required by applicable law, a registration statement with regard to the full amount of the Notes to
be remarketed in the Remarketing shall be effective with the Securities and Exchange Commission in a form that will enable the Remarketing Agent to rely on it in connection with such Remarketing.

	(b)
	(i)
Unless an Early Settlement or a Cash Merger Early Settlement has occurred, each Holder of Corporate Units shall have the right to satisfy such Holder's obligations under the
Purchase Contract on the Purchase Contract Settlement Date in cash by notifying the Purchase Contract Agent by use of a notice in substantially the form of Exhibit 5 to this Agreement of its
intention to pay in cash (Cash Settlement) prior to 5:00 p.m. (New York City time) on the fifth Business Day immediately preceding the Purchase
Contract Settlement Date. Promptly following 5:00 p.m. (New York City time) on the fifth Business Day immediately preceding the Purchase Contract Settlement Date, the Purchase Contract Agent
shall notify the Collateral Agent and the Indenture Trustee of the receipt of such notices from Holders intending to make a Cash Settlement. 

30

 

	(ii)
	A
Holder of a Corporate Unit who has so notified the Purchase Contract Agent of its intention to effect a Cash Settlement shall pay the Purchase Price to the Collateral
Agent for deposit in the Collateral Account prior to 5:00 p.m. (New York City time) on the fourth Business Day immediately preceding the Purchase Contract Settlement Date, in lawful money of
the United States by certified or cashiers' check or wire transfer, in each case in immediately available funds payable to or upon the order of the Securities Intermediary. Any cash received by the
Collateral Agent shall be invested promptly by the Securities Intermediary in Permitted Investments pursuant to written instructions received from the Issuer and paid to the Issuer on the Purchase
Contract Settlement Date in settlement of the Purchase Contracts in accordance with the terms of this Agreement and the Pledge Agreement. Any funds received by the Securities Intermediary in respect
of the investment earnings from such Permitted Investments in excess of the Purchase Price for the shares of Common Stock to be purchased by such Holder shall be distributed to the Purchase Contract
Agent when received for payment to the Holder.

	(iii)
	If
a Holder of a Corporate Unit does not notify the Purchase Contract Agent of its intention to make a Cash Settlement in accordance with
paragraph 5.2(b)(i) above, or does notify the Purchase Contract Agent in accordance with paragraph 5.2(b)(i) above but fails to make such payment as required by
paragraph 5.2(b)(ii) above, such Holder shall be deemed to have consented to the disposition of the Pledged Notes pursuant to the Remarketing as described in paragraph 5.2(a)
above.

	(iv)
	Promptly
after 5:00 p.m. (New York City time) on the fourth Business Day preceding the Purchase Contract Settlement Date, the Collateral Agent, based on cash
payments received by the Collateral Agent pursuant to Section 5.2(b)(ii) hereof, shall promptly notify the Purchase Contract Agent and the Indenture Trustee of the aggregate principal
amount of Notes to be tendered for purchase in the Remarketing in a notice pursuant to the terms of the Pledge Agreement. 

31

 

	(c)
	If,
in spite of using its reasonable efforts, the Remarketing Agent cannot remarket all of the Pledged Notes and Separate Notes (if any) at a price not less than 100% (net of the
Remarketing Fee and any other fees and commissions) of the aggregate principal amount of the Pledged Notes and Separate Notes to be remarketed in the Remarketing or a condition precedent set forth in
the Remarketing Agreement is not fulfilled, the remarketing will be deemed to have failed (a Failed Remarketing). In the event of a Failed Remarketing,
the Remarketing Agent shall use its reasonable efforts to remarket the Pledged Notes and Separate Notes (if any) such number of subsequent times as shall be designated in the applicable Issuer Order.
If a Failed Remarketing shall have occurred for each required remarketing, the Issuer shall cause a notice of a Failed Remarketing to be published (with a copy of such notice to be provided to the
Purchase Contract Agent) on the Business Day immediately following the Remarketing Date, in a daily newspaper in the English language of general circulation in The City of New York, which is expected
to be The Wall Street Journal. Following a Failed Remarketing, as of the Purchase Contract Settlement Date, each Holder of any Pledged Notes that are subject to a Failed Remarketing, and any Notes
that are a component of a Corporate Unit with respect to which the Holder has notified the Purchase Contract Agent of an intent to effect Cash Settlement pursuant to Section 5.2(b)(i) or
Section 5.2(d)(i) and failed to deliver the Purchase Price pursuant to Section 5.2(b)(ii) or Section 5.2(d)(ii), shall be deemed to have exercised such Holder's Put
Right with respect to such Notes and to have authorized the Collateral Agent to pay, in the manner provided for in the Pledge Agreement, the Purchase Price for the shares of Common Stock to be issued
under the related Purchase Contract from a portion of the Proceeds of the Put Right in full satisfaction of such Holder's obligations under the related Purchase Contracts, provided that if the Issuer
shall fail to pay the Put Price when due, the Issuer shall be deemed to have netted such Holder's obligation to pay the Issuer the Purchase Price under the Purchase Contracts against the Issuer's
obligation to pay the Put Price, in full satisfaction of such Holder's obligation under the Purchase Contracts.

	(d)
	(i)
Each Holder of a Corporate Unit who intends to effect a Cash Settlement of the underlying Purchase Contract following a Failed Remarketing shall so notify the Purchase Contract
Agent by use of a notice in substantially the form of Exhibit 5 to this Agreement prior to 11:00 a.m. (New York City time) on the second Business Day immediately preceding the Purchase
Contract Settlement Date. Promptly following 5:00 p.m. (New York City time) on the second Business Day immediately preceding the Purchase Contract Settlement Date, the Purchase Contract Agent
shall notify the Collateral Agent and the Indenture Trustee of the receipt of such notices from Holders intending to make a Cash Settlement.

	(ii)
	A
Holder of a Corporate Unit who has so notified the Purchase Contract Agent of its intention to effect a Cash Settlement shall pay the Purchase Price to the Collateral
Agent for deposit in the Collateral Account prior to 11:00 a.m. (New York City time) on the Business Day immediately preceding the Purchase Contract Settlement Date, in lawful money of the
United States by certified or cashiers' check or wire transfer, in each case in immediately available funds payable to or upon the order of the Collateral Agent.

	(iii)
	If
a Holder of a Corporate Unit does not notify the Purchase Contract Agent of its intention to make a Cash Settlement in accordance with
Section 5.2(d)(i) above, or does notify the Purchase Contract Agent in accordance with Section 5.2(d)(i) above but fails to make such payment as required by
Section 5.2(d)(ii) above, such Holder shall be deemed to have automatically exercised such Holder's Put Right following a Failed Remarketing as described in paragraph
Section 5.2(c) above. 

32

 

	(e)
	Any
distribution to Holders of any payments described above shall be payable at the office of the Purchase Contract Agent in New York City maintained for that purpose or, at the
option of the Holder, by check mailed to the address of the Person entitled thereto at such address as it appears on the Security Register or by wire transfer to an account specified by the Holder.

	(f)
	Upon
Cash Settlement of any Purchase Contract:

	(i)
	the
Collateral Agent will in accordance with the terms of the Pledge Agreement cause the Pledged Notes underlying the relevant Corporate Units to be released from the
Pledge, free and clear of any security interest of the Issuer, and transferred to the Purchase Contract Agent for delivery to the Holder thereof or its designee as soon as practicable; and

	(ii)
	subject
to the receipt thereof, the Purchase Contract Agent shall, by book-entry transfer or other appropriate procedures, in accordance with written
instructions provided by the Holder thereof, transfer such Notes or, if no such instructions are given to the Purchase Contract Agent by the Holder, the Purchase Contract Agent shall hold such Notes,
and any interest payment thereon, in the name of the Purchase Contract Agent or its nominee in trust for the benefit of such Holder until the expiration of the time period specified in the abandoned
property laws of the relevant state where such property is held).

	(g)
	The
obligations of the Holders to pay the Purchase Price are non-recourse obligations and, except to the extent satisfied by Early Settlement, Cash Merger Early Settlement
or Cash Settlement, are payable solely out of the proceeds of any Collateral pledged to secure the obligations of the Holders, and in no event will Holders be liable for any deficiency between the
proceeds of the disposition of Collateral and the Purchase Price.

	(h)
	The
Issuer shall not be obligated to issue any shares of Common Stock in respect of a Purchase Contract or deliver any certificates thereof to the Holder of the related Units unless
the Issuer shall have received payment for the Common Stock to be purchased thereunder in the manner herein set forth. 

5.3   Issuance of Shares of Common Stock  

        Unless a Termination Event, an Early Settlement or a Cash Merger Early Settlement shall have occurred, subject to Section 5.4(b), on the Purchase Contract
Settlement Date upon receipt of the aggregate Purchase Price payable on all Outstanding Units, the Issuer shall issue and deposit with the Purchase Contract Agent, for the benefit of the Holders of
the Outstanding Units, one or more certificates representing newly issued shares of Common Stock registered in the name of the Purchase Contract Agent (or its nominee) as custodian for the Holders
(such certificates for shares of Common Stock, together with any dividends or distributions for which a record date and payment date for such dividend or distribution has occurred after the Purchase
Contract Settlement Date, being hereinafter referred to as the Purchase Contract Settlement Fund) to which the Holders are entitled hereunder. 

        Subject
to the foregoing, upon surrender of a Certificate to the Purchase Contract Agent on or after the Purchase Contract Settlement Date, Early Settlement Date or Cash Merger Early
Settlement Date, as the case may be, together with settlement instructions thereon duly completed and executed, the Holder of such Certificate shall be entitled to receive forthwith in exchange
therefor a certificate representing that number of newly issued whole shares of Common Stock which such Holder is entitled to receive pursuant to the provisions of this Article Five (after taking into
account all Units then held by such Holder), together with cash in lieu of fractional shares as provided in Section 5.9 and any dividends or distributions with respect to such shares
constituting part of the Purchase Contract Settlement Fund, but without any interest thereon, and the Certificate so surrendered shall forthwith be cancelled. Such shares shall be registered in the
name of the Holder or the Holder's designee as specified in the settlement instructions provided by the Holder to the Purchase Contract Agent. If any shares of Common Stock issued in respect of a
Purchase Contract are to be registered to a Person other than the Person in whose name the Certificate evidencing such Purchase Contract is registered (but excluding any Depositary or nominee
thereof), no such registration shall be made unless the Person requesting such registration has paid any transfer and other taxes required by reason of such registration in a name other than that of
the registered Holder of the Certificate evidencing such Purchase Contract or has established to the satisfaction of the Issuer that such tax either has been paid or is not payable. 

33

   5.4   Adjustment of Settlement Rate  

	(a)
	Adjustments
for Dividends, Distributions, Stock Splits, Etc.

	(i)
	Stock
Dividends 

In
case the Issuer shall pay or make any dividend or distribution consisting of Common Stock to all holders of the Common Stock, the Settlement Rate in effect at the close of business on the date
fixed for the determination of shareholders entitled to receive such dividend or other distribution shall be increased by dividing such Settlement Rate by a fraction of which, unless otherwise
provided in the applicable Issuer Order: 

	(A)
	the
numerator shall be the number of shares of Common Stock outstanding at the close of business on the date fixed for such determination; and

	(B)
	the
denominator shall be the sum of such number of shares and the total number of shares constituting such dividend or other distribution, 

such
increase to become effective immediately at the opening of business on the day following the date fixed for such determination. 

For
the purposes of this paragraph (i), the number of shares of Common Stock at any time outstanding shall not include shares held in the treasury of the Issuer but shall include any shares
issuable in respect of any scrip certificates issued in lieu of fractions of shares of Common Stock. The Issuer agrees that it shall not pay any dividend or make any distribution on shares of Common
Stock held in the treasury of the Issuer. 

	(ii)
	Stock
Purchase Rights 

In
case the Issuer shall issue rights, warrants, purchase contracts, options or other securities, to all holders of Common Stock (not being available on an equivalent basis to Holders of the Units
upon settlement of the Purchase Contracts underlying such Units) entitling them, for a period expiring within 45 days after the record date for the determination of shareholders entitled to
receive such rights, warrants, purchase contracts, options or other securities, to subscribe for or purchase shares of Common Stock at a price per share less than the Current Market Price per share of
Common Stock on the date of announcement of such issuance, the Settlement Rate in effect at the close of business on the date of such announcement shall be increased by dividing such Settlement Rate
by a fraction of which, unless otherwise provided in the applicable Issuer Order: 

	(A)
	the
numerator shall be the number of shares of Common Stock outstanding at the close of business on the date of such announcement plus the number of shares of Common Stock which the
aggregate of the offering price of the total number of shares of Common Stock so offered for subscription or purchase would purchase at such Current Market Price; and

	(B)
	the
denominator shall be the number of shares of Common Stock outstanding at the close of business on the date of such announcement plus the number of shares of Common Stock so
offered for subscription or purchase, 

such
increase to become effective immediately after the opening of business on the Business Day following the date of such announcement. 

34

 

The
Issuer agrees that it shall notify the Purchase Contract Agent if any issuance of such rights, warrants or options is cancelled or not completed following the announcement thereof and the
Settlement Rate shall thereupon be readjusted to the Settlement Rate in effect immediately prior to the date of such announcement. For the purposes of this subparagraph (B), the number of shares of
Common Stock at any time outstanding shall not include shares held in the treasury of the Issuer but shall include any shares issuable in respect of any scrip certificates issued in lieu of fractions
of shares of Common Stock. The Issuer agrees that it shall not issue any such rights, warrants, options, purchase contracts or other securities in respect of shares of Common Stock held in the
treasury of the Issuer. 

	(iii)
	Stock
Splits; Reverse Splits 

Unless
otherwise provided in the applicable Issuer Order, in case outstanding shares of Common Stock shall be subdivided or split into a greater number of shares of Common Stock, the Settlement Rate
in effect at the close of business on the day preceding the day upon which such subdivision or split becomes effective shall be proportionately increased, and, conversely, in case outstanding shares
of Common Stock shall each be combined into a smaller number of shares of Common Stock, the Settlement Rate in effect at the close of business on the day preceding the day upon which such combination
becomes effective shall be proportionately reduced, such increase or reduction, as the case may be, to become effective immediately at the opening of business on the day following the day upon which
such subdivision, split or combination becomes effective. 

	(iv)
	Debt
or Asset Distributions 

In
case the Issuer shall, by dividend or otherwise, distribute to all holders of its Common Stock evidences of its indebtedness or assets (including shares of capital stock, securities, cash and
property but excluding any rights, warrants or options referred to in Section 5.4(a)(ii), any dividend or distribution paid exclusively in cash and any dividend or distribution referred to in
Section 5.4(a)(i)), the Settlement Rate in effect at the close of business on the date fixed for the determination of shareholders entitled to receive such distribution shall be adjusted by
dividing such rate by a fraction of which, unless otherwise provided in the applicable Issuer Order: 

	(A)
	the
numerator shall be the Current Market Price per share of Common Stock on the date fixed for such determination less the then fair market value (as reasonably determined by the
Board of Directors, whose determination shall be conclusive and the basis for which shall be described in a Board Resolution) of the portion of the assets or evidences of indebtedness so distributed
applicable to one share of Common Stock; and

	(B)
	the
denominator shall be such Current Market Price per share of Common Stock, 

such
adjustment to become effective at the opening of business on the day following the date fixed for the determination of shareholders entitled to receive such distribution. In any case in which
this paragraph (iv) is applicable, paragraph (ii) of this Section 5.4(a) shall not be applicable. In the event that such dividend or distribution is not so paid or made, the
Settlement Rate shall again be adjusted to be the Settlement Rate which would then be in effect if such dividend or distribution had not been declared. 

35

 

	(v)
	Cash
Distributions 

Unless
otherwise provided in the applicable Issuer Order, in case the Issuer shall, by dividend or otherwise, distribute to all holders of its Common Stock exclusively cash (excluding cash that is
distributed in a Reorganization Event to which Section 5.4(b) applies, as part of a distribution referred to in paragraph (iv) of this Section or as a regular periodic cash dividend or
distribution) to the extent that the aggregate cash distribution pursuant to this Section 5.4(a)(v) plus (1) all other cash distributions (other than regular periodic cash
dividend or distributions) to all holders of its Common Stock made exclusively in cash within the twelve months preceding the date of such cash distribution and in which no prior adjustment pursuant
to this Section or Section 5.4(a)(vi) has been made and (2) any cash and fair market value (as reasonably determined by the Issuer, whose determination shall be conclusive and the
basis for which shall be described in a Board Resolution), calculated as of the expiration of the tender or exchange referred to in Section 5.4(a)(vi), of consideration payable in respect of
any tender or exchange offer (other than consideration payable in respect of an odd-lot tender offer) by the Issuer or any subsidiary of the Issuer for all or any portion of Common Stock
expiring within twelve months preceding the expiration of such tender or exchange offer and in respect of which no adjustment pursuant to this Section 5.4(a)(v) has been made, exceeds
the amount designated in the applicable Issuer Order multiplied by the number of shares of Common Stock outstanding on the Record Date for such distribution, then, in such case, the Settlement Rate
shall be increased so that the same shall equal the rate determined by dividing the Settlement Rate in effect immediately prior to the close of business on such record date by a fraction of which,
unless otherwise provided in the applicable Issuer Order: 

	(A)
	the
numerator shall be the Current Market Price of Common Stock on such record date less the amount of cash so distributed (and not excluded as provided above) applicable to one share
of Common Stock; and

	(B)
	the
denominator shall be the Current Market Price of Common Stock, 

such
increase to be effective immediately prior to the opening of business on the day following the record date; provided, however, that in the event the portion of cash so distributed applicable to
one share of Common Stock is equal to or greater than the Current Market Price per share of Common Stock on the record date, in lieu of the foregoing adjustment, adequate provision shall be made so
that each holder of a Unit shall have the right to receive upon settlement of the Units the amount of cash such Holder would have received had such Holder settled each Unit on the record date. In the
event that such dividend or distribution is not so paid or made, the Settlement Rate shall again be adjusted to be the Settlement Rate which would then be in effect if such dividend or distribution
had not been declared. 

36

 

	(vi)
	Tender
Offers 

Unless
otherwise provided in an Issuer Order, the successful completion of a tender or exchange offer (other than an odd-lot tender offer) made by the Issuer or any of its subsidiaries or
any third party with the agreement of the Issuer or any of its subsidiaries for the Common Stock that involves (1) an aggregate consideration to be paid in such tender offer or exchange offer
(as reasonably determined by the Issuer) having a fair market value that, when combined with (2) any cash and the fair market value(as reasonably determined by the Issuer), as of the expiration
of such tender or exchange offer, of other consideration payable in respect of any tender or exchange offer(other than consideration payable in respect of any odd-lot tender offer), by the
Issuer or any of the Issuer' subsidiaries completed within the same fiscal year as such tender or exchange offer and in respect of which no adjustment pursuant to this paragraph (vi) has been
made, and (3) the aggregate amount of any distributions (other than regular periodic cash dividends or distributions) to all holders of common Stock made exclusively in cash within the same
fiscal year as such tender or exchange offer and in respect of which no adjustment pursuant to paragraph (v) has been made, exceeds an amount to be designated in an Issuer Order of the Issuer'
aggregate market capitalization on the expiration of such tender or exchange offer (the Expiration Time) then, the Settlement Rate in effect at the
close of business on the day of the Expiration Time shall be adjusted by dividing it by a fraction unless otherwise provided in the applicable Issuer Order: 

	(A)
	the
numerator of which shall be equal to (A) the product of (i) the Current Market Price per share of Common Stock on the date of the Expiration Time and (II) the
number of shares of Common Stock outstanding (including any tendered shares) on the date of the Expiration Time less (B) the amount of cash plus the fair market value (determined as aforesaid)
of the aggregate consideration payable to shareholders based on the transactions described in clauses (1), (2) and (3) above (assuming in the case of clause (1) the acceptance, up
to any maximum specified in the terms of the tender or exchange offer, of Purchased Shares); and

	(B)
	the
denominator of which shall be equal to the product of (A) the Current Market Price per share of Common Stock as of the Expiration Time and (B) the number of shares
of Common Stock outstanding (including any tendered shares) as of the Expiration Time less the number of all shares validly tendered and not withdrawn as of the Expiration Time (the shares deemed so
accepted, up to any such maximum, being referred to as the Purchased Shares), 

such
adjustment to become effective at the opening of business on the date following the date of the Expiration Time. 

	(vii)
	The
Issuer Order may provide for adjustments related to the following events:

	(A)
	an
alteration to the nominal value of the Common Stock as a result of consolidation, redenomination or subdivision of the Common Shares;

	(B)
	the
Issuer issues or sells Common Stock, or causes the Common Stock to be issued or sold, for a sale price that is less than a percentage, to be designated in the applicable Issuer
Order, of the then Current Market Price per share on the date of the pricing of such Common Shares; and 

37

 

	(C)
	the
Issuer issues and sells, or causes to be issued and sold, securities for cash that are convertible or exchangeable into or otherwise exercisable for the Common Stock and the sale
price per equity-linked security, together with any other consideration received or to be received by the Issuer in respect of such equity-linked security, is less than a percentage, to be designated
in the applicable Issuer Order, of the then Current Market Price per share on the date of the pricing of such newly issued equity-linked securities.

	(viii)
	Reclassification 

The
reclassification of Common Stock into securities including securities other than Common Stock (other than any reclassification upon a Reorganization Event to which Section 5.4(b) applies)
shall be deemed to involve unless otherwise provided in the applicable Issuer Order: 

	(A)
	a
distribution of such securities other than Common Stock to all holders of Common Stock (and the effective date of such reclassification shall be deemed to be "the date fixed for the
determination of shareholders entitled to receive such distribution" and the "date fixed for such determination" within the meaning of Section 5.4(a)(iv)); and

	(B)
	a
subdivision, split or combination, as the case may be, of the number of shares of Common Stock outstanding immediately prior to such reclassification into the number of shares of
Common Stock outstanding immediately thereafter (and the effective date of such reclassification shall be deemed to be "the day upon which such subdivision or split becomes effective" or "the day upon
which such combination becomes effective", as the case may be, and "the day upon which such subdivision, split or combination becomes effective" within the meaning of Section 5.4(a)(iii)).

	(ix)
	Current
Market Price 

The
Current Market Price per share of Common Stock on any date of determination means the average of the daily Closing Prices for the five consecutive
Trading Days selected by the Issuer commencing not more than thirty (30) Trading Days before and ending not later than the earlier of such date of determination and the day before the "ex date"
with respect to the issuance or distribution requiring such computation. For purposes of this paragraph, the term "ex date," when used with respect to any issuance or distribution, shall mean the
first date on which Common Stock trades regularly on such exchange or in such market without the right to receive such issuance or distribution. 

	(x)
	Calculation
of Adjustments 

All
adjustments to the Settlement Rate shall be calculated to the nearest 1/10,000th of a share of Common Stock (or if there is not a nearest 1/10,000th of a share, to the next lower 1/10,000th of a
share). No adjustment in the Settlement Rate shall be required unless such adjustment would require an increase or decrease of at least  [one] percent
thereof; provided, however, that any adjustments which by reason
of this subparagraph are not required to be made shall be carried forward and taken into account in any subsequent adjustment. 

38

 

	(xi)
	Increase
of Settlement Rate 

The
Issuer may, but shall not be required to, make such increases in the Settlement Rate, in addition to those required by this Section, as the Issuer's Board of Directors considers to be advisable in
order to avoid or diminish any income tax to any holders of shares of Common Stock resulting from any dividend or distribution of stock or issuance of rights or warrants to purchase or subscribe for
stock or from any event treated as such for income tax purposes or for any other reason. 

In
any event, no adjustment will be made to the Settlement Rate where the Common Stock or other securities (including rights, warrants or options) are issued, offered, exercised, allotted,
appropriated, modified or granted to eligible individuals (including members of the Board of Directors) pursuant to any manager's or employees' share option or incentive plan of the Issuer, as such
plans may be established, amended, supplemented or renewed. 

The
Settlement Rate may not be reduced so that, on settlement of the Purchase Contracts, the Common Stock would be issued at a discount to their par value. 

	(b)
	Adjustment
for Consolidation, Merger, Conversion or Other Reorganization Event.

	(i)
	Unless
otherwise provided in an applicable Issuer Order, in the event of:

	(A)
	any
consolidation or merger of the Issuer with or into another Person (other than a merger or consolidation in which such Issuer is the continuing corporation and in which the shares
of Common Stock outstanding immediately prior to the merger or consolidation are not exchanged for cash, securities or other property of the Issuer or another corporation);

	(B)
	any
sale, transfer, lease or conveyance to another Person of the property of the Issuer as an entirety or substantially as an entirety;

	(C)
	any
statutory share exchange of the Issuer with another Person (other than in connection with a merger or acquisition); or

	(D)
	any
liquidation, dissolution or termination of the Issuer other than as a result of or after the occurrence of a Termination Event 

(any
event described in clauses (A), (B), (C) and (D) a Reorganization Event), each Purchase Contract shall become, without the consent of
the Holder of the Unit representing such Purchase Contract, an agreement to purchase only the kind of securities, cash and other property receivable upon consummation of such Reorganization Event by a
holder of Common Stock immediately prior to the closing date of such Reorganization Event. 

39

 

The
amount of such securities, cash and other property receivable upon settlement of each such Purchase Contract after the consummation of the Reorganization Event shall be the amount of securities,
cash and other property receivable upon such Reorganization Event (without any interest thereon, and without any right to dividends or distribution thereon which have a record date that is prior to
the Purchase Contract Settlement Date) (collectively, the Exchange Property) by a Holder of the number of shares of Common Stock issuable on account of
each Purchase Contract if the Purchase Contract Settlement Date had occurred immediately prior to such Reorganization Event. In determining the kind and amount of Exchange Property pursuant to the
foregoing, it will be assumed that such holder of Common Stock is not a Person with which the Issuer consolidated or into which the Issuer merged or which merged into the Issuer or to which such sale
or transfer was made, as the case may be (any such Person, a Constituent Person), or an Affiliate of a Constituent Person to the extent such
Reorganization Event provides for different treatment of Common Stock held by Affiliates of the Issuer and non-affiliates and such Holder failed to exercise its rights of election, if any,
as to the kind or amount of securities, cash and other property receivable upon such Reorganization Event (provided that if the kind or amount of securities, cash and other property receivable upon
such Reorganization Event is not the same for each share of Common Stock held immediately prior to such Reorganization Event by other than a Constituent Person or an Affiliate thereof and in respect
of which such rights of election shall not have been exercised (Non-Electing Share), then for the purpose of this Section 5.4 the
kind and amount of securities, cash and other property receivable upon such Reorganization Event by each Non-Electing Share shall be deemed to be the kind and amount so receivable per
share by a plurality of the Non-Electing Shares). 

The
actual amount of Exchange Property receivable upon settlement of each Purchase Contract shall be (1) in the case of settlement on the Purchase Contract Settlement Date or pursuant to
Section 5.4(b)(i), a variable amount based upon the applicable Settlement Rate and the Adjusted Applicable Market Value of the Exchange Property at such time and (2) in the case of any
Early Settlement, determined in accordance with the procedures described under Section 5.7 using the Settlement Rate that results in the minimum amount of Exchange Property being delivered
under such Purchase Contract. 

For
purposes of this Section 5.4(b)(i) and Section 5.4(b)(ii), the term "Adjusted Applicable Market Value" shall be deemed to refer to the "Adjusted Applicable Market Value"of the
Exchange Property, and such value shall be determined (A) with respect to any publicly traded securities that compose all or part of the Exchange Property, based on the Closing Price of such
securities, (B) in the case of any cash that composes all or part of the Exchange Property, based on the amount of such cash and (C) in the case of any other property that composes all
or part of the Exchange Property, based on the value of such property, as determined by a nationally recognized independent investment banking firm retained by the Issuer for this purpose; provided
that prior to the separation of the Rights or any similar shareholder rights from the Common Stock, such Rights or similar shareholder rights shall be deemed to have no value. The term "Closing Price"
shall be deemed to refer to the closing sale price, last quoted bid price or mid-point of the last bid and ask prices, as the case may be, of any publicly traded securities that comprise
all or part of the Exchange Property. The term "Trading Day" shall be deemed to refer to any publicly traded securities that comprise all or part of the Exchange Property. 

40

 

In
the event of such a Reorganization Event, the Person formed by such consolidation, merger or exchange or the Person which acquires the assets of the Issuer or, in the event of a liquidation,
dissolution or termination of the Issuer, the Issuer or a liquidating trust created in connection therewith, shall execute and deliver to the Purchase Contract Agent an agreement supplemental hereto
providing that each Holder of an Outstanding Unit shall have the rights provided by this Section 5.4(b). Such supplemental agreement shall provide for adjustments which, for events subsequent
to the effective date of such supplemental agreement, shall be as nearly equivalent as may be practicable to the adjustments provided for in this Section 5.4. The above provisions of this
Section 5.4 shall similarly apply to successive Reorganization Events. 

	(ii)
	In
the event of a consolidation or merger of the Issuer with or into another Person or any merger of another Person into the Issuer (other than a merger that does not
result in any reclassification, conversion, exchange or cancellation of outstanding shares of Common Stock), in each case in which  [30%] or more of the
total consideration paid to the Issuer's shareholders
consists of cash or cash equivalents (a Cash Merger), a Holder of a Unit may settle (Cash Merger Early
Settlement) its Purchase Contract, upon the conditions set forth below unless otherwise provided in the applicable Issuer Order, at the Settlement Rate in effect immediately
prior to the closing of the Cash Merger; provided that (i) the Cash Merger Early Settlement Date (as defined below) is no later than the fifth Business Day immediately preceding the Purchase
Contract Settlement Date and (ii) no Cash Merger Early Settlement will be permitted pursuant to this Section 5.4(b)(ii) unless, at the time such Cash Merger Early Settlement is
effected, there is an effective Registration Statement with respect to any securities to be issued and delivered in connection with such Cash Merger Early Settlement, if such a Registration Statement
is required (in the view of counsel, which need not be in the form of a written opinion, for the Issuer) under the Securities Act. If such a Registration Statement is so required, the Issuer covenants
and agrees to use its best efforts to (A) have in effect a Registration Statement covering any securities to be delivered in respect of the Purchase Contracts being settled and
(B) provide a Prospectus in connection therewith, in each case in a form that may be used in connection with such Cash Merger Early Settlement. If a Holder effects a Cash Merger Early
Settlement of some or all of its Purchase Contracts, such Holder shall be entitled to receive, on the Cash Merger Early Settlement Date, the aggregate amount of any Deferred Contract Adjustment
Payments and any accrued and unpaid Contract Adjustment Payments since the immediately preceding Payment Date with respect to such Purchase Contracts. The Issuer shall pay such amount as a credit
against the amount otherwise payable by the Holders to effect such Cash Merger Early Settlement. 

Within
five Business Days of the completion of a Cash Merger, the Issuer shall provide written notice to Holders of Units of such completion of a Cash Merger, which shall specify the deadline for
submitting the notice to settle early in cash pursuant to this Section 5.4(b)(ii), the date on which such Cash Merger Early Settlement shall occur (which date shall be at least five days but
not more than 20 days after the date of such written notice by the Issuer, but which shall in no event be later than the fifth Business Day immediately preceding the Purchase Contract
Settlement Date) (the Cash Merger Early Settlement Date), the applicable Settlement Rate and the amount (per share of Common Stock) of cash, securities
and other consideration receivable by the Holder, including the amount of Contract Adjustment Payments receivable, upon settlement. 

41

 

Treasury
Units Holders may only effect Cash Merger Early Settlement pursuant to this Section 5.4(b)(ii) in integral multiples of  [40] Treasury Units or
such other amount as may be designated in the applicable
Issuer Order. Other than the provisions relating to timing of notice and settlement, which shall be as set forth above, the provisions of Section 5.1 shall apply with respect to a Cash Merger
Early Settlement pursuant to this Section 5.4(b)(ii). In order to exercise the right to effect Cash Merger Early Settlement with respect to any Purchase Contracts, a Holder of the Certificate
evidencing Units shall deliver, no later than 5:00 p.m. (New York City time) on the third Business Day immediately preceding the Cash Merger Early Settlement Date, such Certificate to the
Purchase Contract Agent at the Corporate Trust Office duly endorsed for transfer to the Issuer or in blank with the form of Election to Settle Early on the reverse thereof duly completed and
accompanied by payment (payable to the Issuer in immediately available funds) in an amount (the Cash Merger Early Settlement Amount) equal to the
product of (A) the Stated Amount times (B) the number of Purchase Contracts with respect to which the Holder has elected to effect Cash Merger Early Settlement, less the amount of any
Contract Adjustment Payments (including, for the avoidance of doubt, any accrued and unpaid Contract Adjustment Payments and any Deferred Contract Adjustment Payments) payable to such Holder on the
next succeeding Payment Date as a result of such Cash Merger Early Settlement; provided that, no amount shall be deducted for which a Record Date establishing entitlement to such amount has passed,
but before the Payment Date with respect to such amount. 

If
a Holder properly effects an effective Cash Merger Early Settlement in accordance with the provisions of this Section 5.4(b)(ii), the Issuer will deliver (or will cause the Collateral Agent
to deliver) to the Holder on the Cash Merger Early Settlement Date: 

	(A)
	the
kind and amount of securities, cash and other property receivable upon such Cash Merger by a holder of the number of shares of Common Stock issuable on account of each Purchase
Contract if the Purchase Contract Settlement Date had occurred immediately prior to such Cash Merger (based on the Settlement Rate in effect at such time), assuming such Holder of Common Stock is not
a Constituent Person or an Affiliate of a Constituent Person to the extent such Cash Merger provides for different treatment of Common Stock held by Affiliates of the Issuer and
non-affiliates and such Holder failed to exercise its rights of election, if any, as to the kind or amount of securities, cash and other property receivable upon such Cash Merger (provided
that if the kind or amount of securities, cash and other property receivable upon such Cash Merger is not the same for each Non-Electing Share, then for the purpose of this
Section 5.4(b)(ii), the kind and amount of securities, cash and other property receivable upon such Cash Merger by each Non-Electing Share shall be deemed to be the kind and amount
so receivable per share by a plurality of the Non-Electing Shares), plus accrued and unpaid Contract Adjustment Payments. For the avoidance of doubt, for the purposes of determining the
Adjusted Applicable Market Value (in connection with determining the appropriate Settlement Rate to be applied in the foregoing sentence), the date of the closing of the Cash Merger shall be deemed to
be the Purchase Contract Settlement Date;

	(B)
	the
Notes or Treasury Securities, as the case may be, related to the Purchase Contracts with respect to which the Holder is effecting a Cash Merger Early Settlement; and

	(C)
	if
so required under the Securities Act, a Prospectus as contemplated by this Section 5.4(b)(ii). 

42

 

	(iii)
	The
Issuer may set forth additional adjustments of the settlement rate in the applicable Issuer Order.

	(iv)
	All
calculations and determinations pursuant to this Section 5.4 shall be made by the Issuer or its agent and the Purchase Contract Agent shall have no
responsibility with respect thereto.

	(v)
	The
Units of the Holders who do not elect Cash Merger Early Settlement in accordance with the foregoing will continue to remain outstanding and be subject to settlement
on the Purchase Contract Settlement Date in accordance with the terms hereof. 

5.5   Notice of Adjustments and Certain Other Events  

	(a)
	Whenever
the Settlement Rate is adjusted as herein provided, the Issuer shall within  [10] Business Days following the occurrence of an event that requires an
adjustment to the Settlement Rate pursuant to Section 5.4 (or if the Issuer is not aware of such occurrence, as soon as practicable after becoming so aware):

	(i)
	compute
the adjusted Settlement Rate in accordance with Section 5.4 and prepare and transmit to the Purchase Contract Agent an Officers' Certificate setting forth
the Settlement Rate, the method of calculation thereof in reasonable detail, and the facts requiring such adjustment and upon which such adjustment is based; and

	(ii)
	provide
a written notice to the Holders of the Units of the occurrence of such event and a statement in reasonable detail setting forth the method by which the
adjustment to the Settlement Rate was determined and setting forth the adjusted Settlement Rate.

	(b)
	The
Purchase Contract Agent shall not at any time be under any duty or responsibility to any Holder of Units to determine whether any facts exist which may require any adjustment of
the Settlement Rate, or with respect to the nature or extent or calculation of any such adjustment when made, or with respect to the method employed in making the same. The Purchase Contract Agent
shall be fully authorized and protected in relying on any Officers' Certificate delivered pursuant to Section 5.5(a)(i) and any adjustment contained therein and the Purchase Contract
Agent shall not be deemed to have knowledge of any adjustment unless and until it has received such certificate. The Purchase Contract Agent shall not be accountable with respect to the validity or
value (or the kind or amount) of any shares of Common Stock, or of any securities or property, which may at the time be issued or delivered with respect to any Purchase Contract; and the Purchase
Contract Agent makes no representation with respect thereto. The Purchase Contract Agent shall not be responsible for any failure of the Issuer to issue, transfer or deliver any shares of Common Stock
pursuant to a Purchase Contract or to comply with any of the duties, responsibilities or covenants of the Issuer contained in this Article. 

5.6   Termination Event; Notice  

	(a)
	The
Purchase Contracts and all obligations and rights of the Issuer and the Holders thereunder, including, without limitation, the rights of the Holders to receive and the obligation
of the Issuer to pay any Contract Adjustment Payments (including any accrued and unpaid Contract Adjustment Payments and any Deferred Contract Adjustment Payments), if the Issuer shall have such
obligation, and the rights and obligations of Holders to purchase Common Stock, shall immediately and automatically terminate, without the necessity of any notice or action by any Holder, the Purchase
Contract Agent or the Issuer, if, prior to or on the Purchase Contract Settlement Date, a Termination Event shall have occurred. 

Upon
and after the occurrence of a Termination Event, the Units shall thereafter represent the right to receive the Notes or the Treasury Securities, as the case may be, forming part of such Units, in
accordance with the provisions of Section 5.4 of the Pledge Agreement. 

43

 

	(b)
	Upon
the occurrence of a Termination Event, the Issuer shall promptly but in no event later than two Business Days thereafter give written notice of such event to the Purchase
Contract Agent, the Collateral Agent and the Holders, at their addresses as they appear in the Security Register. 

5.7   Early Settlement  

	(a)
	Subject
to and upon compliance with the provisions of this Section 5.7 and unless otherwise provided in the applicable Issuer Order, at the option of the Holder thereof,
Purchase Contracts underlying Units may be settled early (Early Settlement) at any time prior to 5:30 p.m. (Amsterdam time) on the fifth Business
Day immediately preceding the Purchase Contract Settlement Date; provided that no Early Settlement will be permitted pursuant to this Section 5.7 unless, at the time such Early Settlement is
effected, there is an effective Registration Statement with respect to any securities to be issued and delivered in connection with such Early Settlement, if such a Registration Statement is required
(in the view of counsel, which need not be in the form of a written opinion, for the Issuer) under the Securities Act. If such a Registration Statement is so required, the Issuer covenant and agree to
use their best efforts to (A) have in effect a Registration Statement covering any securities to be delivered in respect of the Purchase Contracts being settled and (B) provide a
Prospectus in connection therewith, in each case in a form that may be used in connection with such Early Settlement.

	(b)
	In
order to exercise the right to effect Early Settlement with respect to any Purchase Contracts, the Holder of the Certificate evidencing Units shall deliver, at any time prior to
5:00 p.m. (New York City time) on the fifth Business Day immediately preceding the Purchase Contract Settlement Date, such Certificate to the Purchase Contract Agent at the Corporate Trust
Office duly endorsed for transfer to the Issuer or in blank with the form of Election to Settle Early on the reverse thereof duly completed and accompanied by payment (payable to the Issuer in
immediately available funds) in an amount (the Early Settlement Amount) equal to the sum of (A) the product of (i) the Stated Amount times
(II) the number of Purchase Contracts with respect to which the Holder has elected to effect Early Settlement, plus (B) if such delivery is made with respect to any Purchase Contracts
during the period from the close of business on any Record Date next preceding any Payment Date to the opening of business on such Payment Date, an amount equal to the Contract Adjustment Payments
(including any Deferred Contract Adjustment Payments) payable on such Payment Date with respect to such Purchase Contracts. 

Except
as contemplated in the immediately preceding sentence, no payment shall be made upon Early Settlement of any Purchase Contract on account of any Contract Adjustment Payments accrued on such
Purchase Contract since the immediately preceding Payment Date or on account of any dividends on the Common Stock issued upon such Early Settlement. However, a Holder effecting an Early Settlement of
some or all of its Purchase Contracts shall be entitled to receive, on the date it receives the shares of Common Stock referred to in Section 5.7(d), the amount of any Deferred Contract
Adjustment Payments with respect to such Purchase Contracts, calculated as of the immediately preceding Payment Date. The amount of such Deferred Contract Adjustment Payments shall be credited against
the amount otherwise payable by the Holder to effect such Early Settlement as set forth in Section 5.7(b) above. If the foregoing requirements are first satisfied with respect to Purchase
Contracts underlying any Units at or prior to 5:00 p.m. (New York City time) on a Business Day, such day shall be the Early Settlement Date with respect to such Units and if such requirements
are first satisfied after 5:00 p.m. (New York City time) on a Business Day or on a day that is not a Business Day, the Early Settlement Date with respect to such Units shall be the next
succeeding Business Day. 

44

 

Upon
the receipt of such Certificate and Early Settlement Amount from the Holder, the Purchase Contract Agent shall pay to the Issuer such Early Settlement Amount, the receipt of which payment the
Issuer shall confirm in writing. The Purchase Contract Agent shall then, in accordance with Section 5.6 of the Pledge Agreement, notify the Collateral Agent that (A) such Holder has
elected to effect an Early Settlement, which notice shall set forth the number of such Purchase Contracts as to which such Holder has elected to effect Early Settlement, (B) the Purchase
Contract Agent has received from such Holder, and paid to the Issuer as confirmed in writing by the Issuer, the related Early Settlement Amount and (C) all conditions to such Early Settlement
have been satisfied. 

Holders
of Treasury Units may only effect Early Settlement pursuant to this Section 5.7 in integral multiples of [?] Treasury Units. 

Upon
Early Settlement of the Purchase Contracts, the rights of the Holders to receive and the obligation of the Issuer to pay any accrued and unpaid Contract Adjustment Payments since the immediately
preceding Payment Date and any future Contract Adjustment Payments with respect to such Purchase Contracts shall immediately and automatically terminate. 

	(c)
	Upon
Early Settlement of Purchase Contracts by a Holder of the related Units, the Issuer shall issue, and the Holder shall be entitled to receive, the number of shares of Common Stock
designated in the applicable Issuer Order on account of each Purchase Contract as to which Early Settlement is effected (the Early Settlement Rate). The
Early Settlement Rate shall be adjusted in the same manner and at the same time as the Settlement Rate is adjusted pursuant to Section 5.4.

	(d)
	No
later than the third Business Day after the applicable Early Settlement Date, the Issuer shall cause:

	(i)
	the
shares of Common Stock issuable upon Early Settlement of Purchase Contracts to be issued and delivered, together with payment in lieu of any fraction of a share, as
provided in Section 5.9; and

	(ii)
	the
related Notes in the case of Corporate Units, or the related Treasury Securities, in the case of Treasury Units, to be released from the Pledge by the Collateral
Agent and transferred, in each case, to the Purchase Contract Agent for delivery to the Holder thereof or its designee.

	(e)
	Upon
Early Settlement of any Purchase Contracts, and subject to receipt of shares of Common Stock from the Issuer and the Notes or Treasury Securities, as the case may be, from the
Securities Intermediary, as applicable, the Purchase Contract Agent shall, in accordance with the instructions provided by the Holder thereof on the applicable form of Election to Settle Early on the
reverse of the Certificate evidencing the related Units:

	(i)
	transfer
to the Holder the Notes or Treasury Securities, as the case may be, forming a part of such Units,

	(ii)
	deliver
to the Holder a certificate or certificates for the full number of shares of Common Stock issuable upon such Early Settlement, together with payment in lieu of
any fraction of a share, as provided in Section 5.9, and

	(iii)
	if
so required under the Securities Act, deliver a Prospectus for the shares of Common Stock issuable upon such Early Settlement as contemplated by
Section 5.7(a).

	(f)
	In
the event that Early Settlement is effected with respect to Purchase Contracts underlying less than all the Units evidenced by a Certificate, upon such Early Settlement the Issuer
shall execute and the Purchase Contract Agent shall execute on behalf of the Holder, authenticate and deliver to the Holder thereof, at the expense of the Issuer, a Certificate evidencing the Units as
to which Early Settlement was not effected.

	(g)
	A
Holder of a Unit who effects Early Settlement may elect to have the Notes no longer a part of a Corporate Unit remarketed in accordance with the provisions of Section 5.2. A
Holder making such an election must notify the Indenture Trustee prior to 11:00 a.m. (New York City time) on the fifth Business Day immediately preceding the Purchase Contract Settlement Date,
of the aggregate number of Notes that are not part of Corporate Unites to be remarketed. Any such notice will be irrevocable and may not be conditioned upon the level at which the Reset Rate is
established in the Remarketing. Concurrently, the Indenture Trustee shall cause such Notes to be presented to the Remarketing Agent for Remarketing. 

45

   5.8   Automatic Settlement  

        The applicable Issuer Order may provide for automatic settlement to occur on the business day immediately preceding the Purchase Contract Settlement Date, unless
the Holder of the Units has settled the related Purchase Contracts through Early Settlement or Cash Merger Early Settlement. 

5.9   No Fractional Shares  

        No fractional shares or scrip representing fractional shares of Common Stock shall be issued or delivered upon settlement on the Purchase Contract Settlement
Date, or upon Early Settlement or Cash Merger Early Settlement of any Purchase Contracts. If Certificates evidencing more than one Purchase Contract shall be surrendered for settlement at one time by
the same Holder, the number of full shares of Common Stock which shall be delivered upon settlement shall be computed on the basis of the aggregate number of Purchase Contracts evidenced by the
Certificates so surrendered. Instead of any fractional share of Common Stock which would otherwise be deliverable upon settlement of any Purchase Contracts on the Purchase Contract Settlement Date, or
upon Early Settlement or Cash Merger Early Settlement, the Issuer, through the Purchase Contract Agent, shall make a cash payment in respect of such fractional interest in an amount equal to the
percentage of such fractional share times the Applicable Market Value calculated as if the date of such settlement were the Purchase Contract Settlement Date. The Issuer shall provide the Purchase
Contract Agent from time to time with sufficient funds to permit the Purchase Contract Agent to make all cash payments required by this Section 5.9 in a timely manner. 

5.10 Charges and Taxes  

        The Issuer will pay all stock transfer and similar taxes attributable to the initial issuance and delivery of the shares of Common Stock pursuant to the Purchase
Contracts; provided, however, that the Issuer shall not be required to pay any such tax or taxes which may be payable in respect of any exchange of or substitution for a Certificate evidencing a Unit
or any issuance of a share of Common Stock in a name other than that of the registered Holder of a Certificate surrendered in respect of the Units evidenced thereby, other than in the name of the
Purchase Contract Agent, as custodian for such Holder, and the Issuer shall not be required to issue or deliver such share certificates or Certificates unless or until the Person or Persons requesting
the transfer or issuance thereof shall have paid to the Issuer the amount of such tax or shall have established to the satisfaction of the Issuer that such tax has been paid. 

46

 

5.11 Contract Adjustment Payments  

	(a)
	Subject
to Section 5.11(d), the Issuer shall pay, on each Payment Date, the Contract Adjustment Payments payable in respect of each Purchase Contract to the Person in whose
name a Certificate is registered at the close of business on the Record Date relating to such Payment Date. The Contract Adjustment Payments will be payable at the office of the Purchase Contract
Agent in the Borough of Manhattan, New York City maintained for that purpose. If the book-entry system for the Units has been terminated, the Contract Adjustment Payments will be payable,
at the option of the Issuer, by check mailed to the address of the Person entitled thereto at such Person's address as it appears on the Security Register, or by wire transfer to the account
designated by such Person by a prior written notice to the Purchase Contract Agent. If any date on which Contract Adjustment Payments are to be made is not a Business Day, then payment of the Contract
Adjustment Payments payable on such date will be made on the next succeeding day that is a Business Day (and without any interest in respect of any such delay); provided that if such Business Day is
in the next succeeding calendar year, then payment of the Contract Adjustment Payments will be made on the Business Day immediately preceding such Business Day. Contract Adjustment Payments payable
for any period will be computed on the basis of a 360-day year of twelve 30-day months. The Contract Adjustment Payments will accrue from the date of issuance of the Purchase
Contracts unless otherwise provided in the applicable Issuer Order.

	(b)
	Upon
the occurrence of a Termination Event, the Issuer's obligation to pay future Contract Adjustment Payments (including any accrued Contract Adjustment Payments and any Deferred
Contract Adjustment Payments) shall cease.

	(c)
	Each
Certificate delivered under this Agreement upon registration of transfer of or in exchange for or in lieu of (including as a result of a Collateral Substitution or the recreation
of Corporate Units) any other Certificate shall carry the right to accrued and unpaid Contract Adjustment Payments and Deferred Contract Adjustment Payments, which right was carried by the Purchase
Contracts underlying such other Certificates.

	(d)
	In
the case of any Unit with respect to which Early Settlement or Cash Merger Early Settlement of the underlying Purchase Contract is effected on a date that is after any Record Date
and prior to or on the next succeeding Payment Date, Contract Adjustment Payments otherwise payable on such Payment Date shall be payable on such Payment Date notwithstanding such Early Settlement or
Cash Merger Early Settlement, and such Contract Adjustment Payments shall be paid to the Person in whose name the Certificate evidencing such Unit is registered at the close of business on such Record
Date. Except as otherwise expressly provided in the immediately preceding sentence, in the case of any Unit with respect to which Early Settlement or Cash Merger Early Settlement of the underlying
Purchase Contract is effected, future Contract Adjustment Payments that would otherwise be payable after the Early Settlement Date or Cash Merger Early Settlement Date with respect to such Purchase
Contract shall not be payable.

	(e)
	The
Issuer's obligations with respect to Contract Adjustment Payments, if any, will be subordinated and junior in right of payment to the Issuer's obligations under any Senior
Indebtedness. 

47

 

	(f)
	In
the event (x) of any payment by, or distribution of assets of, the Issuer of any kind or character, whether in cash, property or securities, to creditors upon any
dissolution, winding-up, liquidation or reorganization of the Issuer, whether voluntary or involuntary or in bankruptcy, insolvency, receivership or other proceedings, or
(y) subject to the provisions of Section 5.11(h) below, that (i) a default shall have occurred and be continuing with respect to the payment of principal, interest or any other
monetary amounts due and payable on any Senior Indebtedness and such default shall have continued beyond the period of grace, if any, specified in the instrument evidencing such Senior Indebtedness
(and the Purchase Contract Agent shall have received written notice thereof from the Issuer or one or more holders of Senior Indebtedness or their representative or representatives or the trustee or
trustees under any indenture pursuant to which any such Senior Indebtedness may have been issued), or (ii) the maturity of any Senior Indebtedness shall have been accelerated because of a
default in respect of such Senior Indebtedness (and the Purchase Contract Agent shall have received written notice thereof from the Issuer or one or more holders of Senior Indebtedness or their
representative or representatives or the trustee or trustees under any indenture pursuant to which any such Senior Indebtedness may have been issued), then:

	(i)
	the
holders of all Senior Indebtedness shall first be entitled to receive, in the case of clause (x) above, payment of all amounts due or to become due upon all
Senior Indebtedness and, in the case of subclauses (i) and (ii) of clause (y) above, payment of all amounts due thereon, or provision shall be made for such payment in money or
money's worth, before the Holders of any of the Units are entitled to receive any Contract Adjustment Payments on the Purchase Contracts underlying the Units;

	(ii)
	any
payment by, or distribution of assets of, the Issuer of any kind or character, whether in cash, property or securities, to which the Holders of any of the Units
would be entitled except for the provisions of Section 5.11(e) through (q), including any such payment or distribution which may be payable or deliverable by reason of the payment of any other
indebtedness of the Issuer being subordinated to the payment of such Contract Adjustment Payments on the Purchase Contracts underlying the Units, shall be paid or delivered by the Person making such
payment or distribution, whether a trustee in bankruptcy, a receiver or liquidating trustee or otherwise, directly to the representative or representatives of the holders of Senior Indebtedness or to
the trustee or trustees under any indenture under which any instruments evidencing any of such Senior Indebtedness may have been issued, ratably according to the aggregate amounts remaining unpaid on
account of such Senior Indebtedness held or represented by each, to the extent necessary to make payment in full of all Senior Indebtedness remaining unpaid after giving effect to any concurrent
payment or distribution (or provision therefor) to the holders of such Senior Indebtedness, before any payment or distribution is made of such Contract Adjustment Payments to the Holders of such
Units; and 

48

 

	(iii)
	in
the event that, notwithstanding the foregoing, any payment by, or distribution of assets of, the Issuer of any kind or character, whether in cash, property or
securities, including any such payment or distribution which may be payable or deliverable by reason of the payment of any other indebtedness of the Issuer being subordinated to the payment of
Contract Adjustment Payments on the Purchase Contracts underlying the Units, shall be received by the Purchase Contract Agent or the Holders of any of the Units when such payment or distribution is
prohibited pursuant to Section 5.11(e) through (q), such payment or distribution shall be paid over to the representative or representatives of the holders of Senior Indebtedness or to the
trustee or trustees under any indenture pursuant to which any instruments evidencing any such Senior Indebtedness may have been issued, ratably as aforesaid, for application to the payment of all
Senior Indebtedness remaining unpaid until all such Senior Indebtedness shall have been paid in full, after giving effect to any concurrent payment or distribution (or provision therefor) to the
holders of such Senior Indebtedness.

	(g)
	For
purposes of Section 5.11(e) through (q), the words "cash, property or securities" shall not be deemed to include shares of stock of the Issuer as reorganized or readjusted,
or securities of the Issuer or any other Person provided for by a plan of reorganization or readjustment, the payment of which is subordinated at least to the extent provided in Section 5.11(e)
through (q) with respect to such Contract Adjustment Payments on the Units to the payment of all Senior Indebtedness which may at the time be outstanding; provided that (i) the
indebtedness or guarantee of indebtedness, as the case may be, that constitutes Senior Indebtedness is assumed by the Person, if any, resulting from any such reorganization or readjustment, and
(ii) the rights of the holders of the Senior Indebtedness are not, without the consent of each such holder adversely affected thereby, altered by such reorganization or readjustment;

	(h)
	Any
failure by the Issuer to make any payment on or perform any other obligation under Senior Indebtedness, other than any indebtedness incurred by the Issuer or assumed or
guaranteed, directly or indirectly, by the Issuer for money borrowed (or any deferral, renewal, extension or refunding thereof) or any indebtedness or obligation as to which the provisions of
Section 5.11(e) through (g) shall have been waived by the Issuer in the instrument or instruments by which the Issuer incurred, assumed, guaranteed or otherwise created such indebtedness
or obligation, shall not be deemed a default or event of default if (i) the Issuer shall be disputing its obligation to make such payment or perform such obligation and (ii) either
(A) no final judgment relating to such dispute shall have been issued against the Issuer which is in full force and effect and is not subject to further review, including a judgment that has
become final by reason of the expiration of the time within which a party may seek further appeal or review, and (B) in the event a judgment that is subject to further review or appeal has been
issued, the Issuer shall in good faith be prosecuting an appeal or other proceeding for review and a stay of execution shall have been obtained pending such appeal or review. 

49

 

	(i)
	Subject
to the irrevocable payment in full of all Senior Indebtedness, the Holders of the Units shall be subrogated (equally and ratably with the holders of all obligations of the
Issuer which by their express terms are subordinated to Senior Indebtedness of the Issuer to the same extent as payment of the Contract Adjustment Payments in respect of the Purchase Contracts
underlying the Units is subordinated and which are entitled to like rights of subrogation) to the rights of the holders of Senior Indebtedness to receive payments or distributions of cash, property or
securities of the Issuer applicable to the Senior Indebtedness until all such Contract Adjustment Payments owing on the Units shall be paid in full, and as between the Issuer, its creditors other than
holders of such Senior Indebtedness and the Holders, no such payment or distribution made to the holders of Senior Indebtedness by virtue of Section 5.11(e) through (q) that otherwise
would have been made to the Holders shall be deemed to be a payment by the Issuer on account of such Senior Indebtedness, it being understood that the provisions of Section 5.11(e) through
(q) are and are intended solely for the purpose of defining the relative rights of the Holders, on the one hand, and the holders of Senior Indebtedness, on the other hand.

	(j)
	Nothing
contained in Section 5.11(e) through (q) or elsewhere in this Agreement or in the Units is intended to or shall impair, as among the Issuer, its creditors other
than the holders of Senior Indebtedness and the Holders, the obligation of the Issuer, which is absolute and unconditional, to pay to the Holders such Contract Adjustment Payments on the Units as and
when the same shall become due and payable in accordance with their terms, or is intended to or shall affect the relative rights of the Holders and creditors of the Issuer other than the holders of
Senior Indebtedness, nor shall anything herein or therein prevent the Purchase Contract Agent or any Holder from exercising all remedies otherwise permitted by applicable law upon default under this
Agreement, subject to the rights, if any, under Section 5.11(e) through (q), of the holders of Senior Indebtedness in respect of cash, property or securities of the Issuer received upon the
exercise of any such remedy.

	(k)
	Upon
payment or distribution of assets of the Issuer referred to in Section 5.11(e) through (q), the Purchase Contract Agent and the Holders shall be entitled to rely upon any
order or decree made by any court of competent jurisdiction in which any such dissolution, winding up, liquidation or reorganization proceeding affecting the affairs of the Issuer is pending or upon a
certificate of the trustee in bankruptcy, receiver, assignee for the benefit of creditors, liquidating trustee or Purchase Contract Agent or other person making any payment or distribution, delivered
to the Purchase Contract Agent or to the Holders, for the purpose of ascertaining the Persons entitled to participate in such payment or distribution, the holders of the Senior Indebtedness and other
indebtedness of the Issuer, the amount thereof or payable thereon, the amount or amounts paid or distributed thereon and all other facts pertinent thereto or to these Section 5.11(e) through
(q).

	(l)
	The
Purchase Contract Agent shall be entitled to rely on the delivery to it of a written notice by a Person representing himself to be a holder of Senior Indebtedness (or a trustee or
representative on behalf of such holder) to establish that such notice has been given by a holder of Senior Indebtedness or a trustee or representative on behalf of any such holder or holders. In the
event that the Purchase Contract Agent determines in good faith that further evidence is required with respect to the right of any Person as a holder of Senior Indebtedness to participate in any
payment or distribution pursuant to Section 5.11(e) through (q), the Purchase Contract Agent may request such Person to furnish evidence to the reasonable satisfaction of the Purchase Contract
Agent as to the amount of Senior Indebtedness held by such Person, the extent to which such Person is entitled to participate in such payment or distribution and any other facts pertinent to the
rights of such Person under Section 5.11(e) through (q), and, if such evidence is not furnished, the Purchase Contract Agent may defer payment to such Person pending judicial determination as
to the right of such Person to receive such payment. 

50

 

	(m)
	Nothing
contained in Section 5.11(e) through (q) shall affect the obligations of the Issuer to make, or prevent the Issuer from making, payment of the Contract
Adjustment Payments, except as otherwise provided in these Section 5.11(e) through (q).

	(n)
	Each
Holder of Units, by its acceptance thereof, authorizes and directs the Purchase Contract Agent on its behalf to take such action as may be necessary or appropriate to effectuate
the subordination provided in Section 5.11 (e) through (q) and appoints the Purchase Contract Agent its attorney-in-fact, as the case may be, for any and
all such purposes.

	(o)
	The
Issuer shall give prompt written notice to the Purchase Contract Agent of any fact known to the Issuer that would prohibit the making of any payment of moneys to or by the
Purchase Contract Agent in respect of the Units pursuant to the provisions of this Section. Notwithstanding the provisions of Section 5.11(e) through (q) or any other provisions of this
Agreement, the Purchase Contract Agent shall not be charged with knowledge of the existence of any facts that would prohibit the making of any payment of moneys to or by the Purchase Contract Agent,
or the taking of any other action by the Purchase Contract Agent, unless and until the Purchase Contract Agent shall have received written notice thereof mailed or delivered to the Purchase Contract
Agent at its Corporate Trust Office from the Issuer, any Holder, or the holder or representative of any Senior Indebtedness; provided that if at least two Business Days prior to the date upon which by
the terms hereof any such moneys may become payable for any purpose, the Purchase Contract Agent shall not have received with respect to such moneys the notice provided for in this Section, then,
anything herein contained to the contrary notwithstanding, the Purchase Contract Agent shall have full power and authority to receive such moneys and to apply the same to the purpose for which they
were received and shall not be affected by any notice to the contrary that may be received by it within two Business Days prior to or on or after such date.

	(p)
	The
Purchase Contract Agent in its individual capacity shall be entitled to all the rights set forth in this Section with respect to any Senior Indebtedness at the time held by it, to
the same extent as any other holder of Senior Indebtedness and nothing in this Agreement shall deprive the Purchase Contract Agent of any of its rights as such holder.

	(q)
	No
right of any present or future holder of any Senior Indebtedness to enforce the subordination herein shall at any time or in any way be prejudiced or impaired by any act or failure
to act on the part of the Issuer or by any noncompliance by the Issuer with the terms, provisions and covenants of this Agreement, regardless of any knowledge thereof which any such holder may have or
be otherwise charged with.

	(r)
	Nothing
in this Section 5.11 shall apply to claims of, or payments to, the Purchase Contract Agent under or pursuant to Section 7.7.

	(s)
	With
respect to the holders of Senior Indebtedness, (i) the duties and obligations of the Purchase Contract Agent shall be determined solely by the express provisions of this
Agreement; (ii) the Purchase Contract Agent shall not be liable to any such holders if it shall, acting in good faith, mistakenly pay over or distribute to the Holders or to the Issuer or any
other Person cash, property or securities to which any holders of Senior Indebtedness shall be entitled by virtue of this Section 5.11 or otherwise; (iii) no implied covenants or
obligations shall be read into this Agreement against the Purchase Contract Agent; and (iv) the Purchase Contract Agent shall not be deemed to be a fiduciary as to such holders. 

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5.12 Deferral of Contract Adjustment Payments  

	(a)
	The
Issuer has the right at any time, and from time to time, to defer payment of all or part of the Contract Adjustment Payments in respect of each Purchase Contract by extending the
period for payment of Contract Adjustment Payments to any subsequent Payment Date (an Extension Period), but not beyond the Purchase Contract Settlement
Date (or, with respect to Purchase Contracts for which an effective Early Settlement or Cash Merger Early Settlement has occurred, the Early Settlement Date or Cash Merger Early Settlement Date, as
the case may be). Prior to the expiration of any Extension Period, the Issuer may further extend such Extension Period to any subsequent Payment Date, but not beyond the Purchase Contract Settlement
Date (or any applicable Early Settlement Date or Cash Merger Early Settlement Date). 

If
the Issuer so elects to defer Contract Adjustment Payments, the Issuer shall pay additional Contract Adjustment Payments on such deferred installments of Contract Adjustment Payments at a rate
equal to the percentage per annum designated in the applicable Issuer Order, compounding on each succeeding Payment Date, until such deferred installments are paid in full (such deferred installments
of Contract Adjustment Payments together with the accrued additional Contract Adjustment Payments thereon, being referred to herein as the Deferred Contract Adjustment
Payments). 

At
the end of each Extension Period, including as the same may be extended as provided above, or, in the event of an effective Early Settlement or Cash Merger Early Settlement, on the Early Settlement
Date or Cash Merger Early Settlement Date, as the case may be, the Issuer shall pay all Deferred Contract Adjustment Payments then due in the manner set forth in Section 5.11(a) (in the case of
the end of an Extension Period), in the manner set forth in Section 5.7(b) (in the case of an Early Settlement) or in the manner set forth in Section 5.4(b)(ii) (in the case of a
Cash Merger Early Settlement) to the extent such amounts are not deducted from the amount otherwise payable by the Holder in the case of a Cash Settlement, any Early Settlement or any Cash Merger
Early Settlement. In the event of an Early Settlement, the Issuer shall pay all Deferred Contract Adjustment Payments due on the Purchase Contracts being settled early through the Payment Date
immediately preceding the applicable Early Settlement Date. In the event of a Cash Merger Early Settlement, the Issuer shall pay all Deferred Contract Adjustment Payments due on the Purchase Contracts
being settled on the Cash Merger Early Settlement Date to but excluding such Cash Merger Early Settlement Date. 

Upon
termination of any Extension Period and the payment of all Deferred Contract Adjustment Payments and all accrued and unpaid Contract Adjustment Payments then due, the Issuer may commence a new
Extension Period, provided that such Extension Period, together with all extensions thereof, may not extend beyond the Purchase Contract Settlement Date (or any applicable Early Settlement Date or
Cash Merger Early Settlement Date). Except in the case of an Early Settlement or Cash Merger Early Settlement, no Contract Adjustment Payments shall be due and payable during an Extension Period
except at the end thereof, except that prior to the end of such Extension Period, the Issuer, at its option, may prepay on any Payment Date all or any portion of the Deferred Contract Adjustment
Payments accrued during the then elapsed portion of such Extension Period. 

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	(b)
	The
Issuer shall give written notice to the Purchase Contract Agent (and the Purchase Contract Agent shall give notice thereof to Holders of Purchase Contracts) of its election to
extend any period for the payment of Contract Adjustment Payments, the expected length of any such Extension Period and any extension of any Extension Period, at least five Business Days before the
earlier of (i) the Record Date for the Payment Date on which Contract Adjustment Payments would have been payable except for the election to begin or extend the Extension Period or
(ii) the date the Purchase Contract Agent is required to give notice to any securities exchange or to Holders of Purchase Contracts of such Record Date or such Payment Date.

	(c)
	The
Issuer shall give written notice to the Purchase Contract Agent (and the Purchase Contract Agent shall give notice thereof to Holders of Purchase Contracts) of the end of an
Extension Period or its election to pay any portion of the Deferred Contract Adjustment Payments on a payment date prior to the end of an Extension Period, at least five Business Days before the
earlier of (i) the Record Date for the Payment Date on which such Extension Period shall end or such payment of Deferred Contract Adjustment Payments shall be made or (ii) the date the
Purchase Contract Agent is required to give notice to any securities exchange or to Holders of Purchase Contracts of such Record Date or such Payment Date.

	(d)
	In
the event the Issuer exercises its option to defer the payment of Contract Adjustment Payments, then, until all Deferred Contract Adjustment Payments have been paid, the Issuer
shall not declare or pay dividends on, make distributions with respect to, or redeem, purchase or acquire, or make a liquidation payment with respect to, any of its capital stock or their capital
stock; provided that the Issuer's subsidiaries will not be restricted from declaring or paying such dividends, or making such distributions, to the Issuer or any of the Issuer's other subsidiaries as
a result of the foregoing. Notwithstanding the foregoing, the Issuer may (1) purchase or acquire its capital stock in connection with satisfaction by it of its obligations under any employee
benefit plans or pursuant to any contract or security outstanding on the first day of any such event requiring it to purchase its capital stock; (2) reclassify its capital stock or exchange or
convert one class or series of its capital stock for another class or series of its capital stock; (3) purchase fractional interests in shares of its capital stock pursuant to the conversion or
exchange provisions of such capital stock or the security being converted or exchanged; and (4) redeem or repurchase any rights pursuant to a rights agreement. 

6.     REMEDIES  

6.1   Unconditional Right of Holders to Receive Contract Adjustment Payments and to Purchase Shares of Common Stock  

        Each Holder of a Unit shall have the right, which is absolute and unconditional, (i) subject to Article Five, to receive each Contract Adjustment Payment
due hereunder with respect to the Purchase Contract comprising part of such Unit on the respective Payment Date for such Unit and (ii) except upon and following a Termination Event, to purchase
shares of Common Stock pursuant to such Purchase Contract and, in each such case, to institute suit for the enforcement of any such right to receive Contract Adjustment Payments and the right to
purchase shares of Common Stock, and such rights shall not be impaired without the consent of such Holder. 

6.2   Restoration of Rights and Remedies  

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

53

 

6.3   Rights and Remedies Cumulative  

        Except as otherwise provided with respect to the replacement or payment of mutilated, destroyed, lost or stolen Certificates in Section 3.10(f), no right
or remedy herein conferred upon or reserved to the Holders is intended to be exclusive of any other right or remedy, and every right and remedy shall, to the extent permitted by law, be cumulative and
in addition to every other right and remedy given hereunder or now or hereafter existing at law or in equity or otherwise. The assertion or employment of any right or remedy hereunder, or otherwise,
shall not prevent the concurrent assertion or employment of any other appropriate right or remedy. 

6.4   Delay or Omission Not Waiver  

        No delay or omission of any Holder to exercise any right upon a default or remedy upon a default shall impair any such right or remedy or constitute a waiver of
any such right. Every right and remedy given by this Article or by law to the Holders may be exercised from time to time, and as often as may be deemed expedient, by such Holders. 

6.5   Undertaking for Costs  

        All parties to this Agreement agree, and each Holder of a Unit, by its acceptance of such Unit shall be deemed to have agreed, that any court may in its
discretion require, in any suit for the enforcement of any right or remedy under this Agreement, or in any suit against the Purchase Contract Agent for any action taken, suffered or omitted by it as
Purchase Contract Agent, the filing by any party litigant in such suit of an undertaking to pay the costs of such suit, and that such court may in its discretion assess reasonable costs, including
reasonable attorneys' fees and costs against any party litigant in such suit, having due regard to the merits and good faith of the claims or defenses made by such party litigant; provided that the
provisions of this Section shall not apply to any suit instituted by the Purchase Contract Agent, to any suit instituted by any Holder, or group of Holders, holding in the aggregate more than 10% of
the Outstanding Units, or to any suit instituted by any Holder for the enforcement of interest on any Notes or Contract Adjustment Payments on or after the respective Payment Date therefor in respect
of any Unit held by such Holder, or for enforcement of the right to purchase shares of Common Stock under the Purchase Contracts constituting part of any Unit held by such Holder. 

6.6   Waiver of Stay or Extension Laws  

        The Issuer covenants (to the extent that it may lawfully do so) that it will not at any time insist upon, or plead, or in any manner whatsoever claim or take the
benefit or advantage of, any stay or extension law wherever enacted, now or at any time hereafter in force, which may affect the covenants or the performance of this Agreement; and the Issuer (to the
extent that it may lawfully do so) hereby expressly waives all benefit or advantage of any such law and covenant that they will not hinder, delay or impede the execution of any power herein granted to
the Purchase Contract Agent or the Holders, but will suffer and permit the execution of every such power as though no such law had been enacted. 

7.     THE PURCHASE CONTRACT AGENT  

7.1   Certain Duties and Responsibilities  

	(a)
	The
Purchase Contract Agent:

	(i)
	undertakes
to perform, with respect to the Units, such duties and only such duties as are specifically set forth in this Agreement, the Pledge Agreement and the
Remarketing Agreement, unless otherwise provided in the applicable Issuer Order, and no implied covenants or obligations shall be read into this Agreement, the Pledge Agreement or the Remarketing
Agreement against the Purchase Contract Agent; and 

54

 

	(ii)
	in
the absence of bad faith or gross negligence on its part, may, with respect to the Units, conclusively rely, as to the truth of the statements and the correctness of
the opinions expressed therein, upon certificates or opinions furnished to the Purchase Contract Agent and conforming to the requirements of this Agreement or the Pledge Agreement or the Remarketing
Agreement, as applicable, but in the case of any certificates or opinions which by any provision hereof are specifically required to be furnished to the Purchase Contract Agent, the Purchase Contract
Agent shall be under a duty to examine the same to determine whether or not they conform to the requirements of this Agreement, the Pledge Agreement or the Remarketing Agreement, as applicable (but
need not confirm or investigate the accuracy of the mathematical calculations or other facts stated therein).

	(b)
	No
provision of this Agreement, the Pledge Agreement or the Remarketing Agreement shall be construed to relieve the Purchase Contract Agent from liability for its own grossly
negligent action, its own grossly negligent failure to act, or its own willful misconduct, except that:

	(i)
	this
Section 7.1(b) shall not be construed to limit the effect of Section 7.1(a);

	(ii)
	the
Purchase Contract Agent shall not be liable for any error of judgment made in good faith by a Responsible Officer, unless it shall be conclusively determined by a
court of competent jurisdiction that the Purchase Contract Agent was grossly negligent in ascertaining the pertinent facts; and

	(iii)
	no
provision of this Agreement or the Pledge Agreement or the Remarketing Agreement shall require the Purchase Contract Agent 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.

	(c)
	Whether
or not therein expressly so provided, every provision of this Agreement, the Pledge Agreement and the Remarketing Agreement relating to the conduct or affecting the liability
of or affording protection to the Purchase Contract Agent shall be subject to the provisions of this Section.

	(d)
	The
Purchase Contract Agent is authorized to execute and deliver the Pledge Agreement and the Remarketing Agreement in its capacity as Purchase Contract Agent. 

7.2   Notice of Default  

        Within 30 days after the occurrence of any default by the Issuer hereunder of which a Responsible Officer of the Purchase Contract Agent has actual
knowledge, the Purchase Contract Agent shall transmit by mail to the Issuer and the Holders of Units, as their names and addresses appear in the Security Register, notice of such default hereunder,
unless such default shall have been cured or waived. 

7.3   Certain Rights of Purchase Contract Agent  

        Subject to the provisions of Section 7.1: 

	(a)
	the
Purchase Contract Agent may, in the absence of bad faith, conclusively rely and shall be fully protected in acting or refraining from acting upon any resolution, certificate,
statement, instrument, opinion, report, notice, request, direction, consent, order, bond, debenture, note, other evidence of indebtedness or other paper or document believed by it to be genuine and to
have been signed or presented by the proper party or parties; 

55

 

	(b)
	any
request or direction of the Issuer mentioned herein shall be sufficiently evidenced by an Officers' Certificate, Issuer Order or Issuer Request, and any resolution of the Board of
Directors of the Issuer may be sufficiently evidenced by a Board Resolution;

	(c)
	whenever
in the administration of this Agreement or the Pledge Agreement or the Remarketing Agreement, the Purchase Contract Agent shall deem it desirable that a matter be proved or
established prior to taking, suffering or omitting to take any action hereunder or thereunder, the Purchase Contract Agent (unless other evidence be herein specifically prescribed) may, in the absence
of bad faith on its part, conclusively rely upon an Officers' Certificate of the Issuer;

	(d)
	the
Purchase Contract Agent may consult with counsel of its selection appointed with due care by it hereunder 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 in reliance thereon;

	(e)
	the
Purchase Contract Agent shall not be bound to make any investigation into the facts or matters stated in any resolution, certificate, statement, instrument, opinion, report,
notice, request, direction, consent, order, bond, debenture, note, other evidence of indebtedness or other paper or document, but the Purchase Contract Agent, in its discretion, may make reasonable
further inquiry or investigation into such facts or matters related to the execution, delivery and performance of the Purchase Contracts as it may see fit, and, if the Purchase Contract Agent shall
determine to make such further inquiry or investigation, it shall be entitled to examine the relevant books, records and premises of the Issuer, personally or by agent or attorney;

	(f)
	the
Purchase Contract Agent may execute any of the powers hereunder or perform any duties hereunder either directly or by or through agents, attorneys, custodians or nominees or an
Affiliate of the Purchase Contract Agent and the Purchase Contract Agent shall not be responsible for any misconduct or negligence on the part of any agent, attorney, custodian or nominee or an
Affiliate of the Purchase Contract Agent appointed with due care by it hereunder; provided that the appointment of agents pursuant to this paragraph (f) are subject to the prior written consent
of the Issuer, which consent shall not be unreasonably withheld;

	(g)
	the
Purchase Contract Agent shall be under no obligation to exercise any of the rights or powers vested in it by this Agreement at the request or direction of any of the Holders
pursuant to this Agreement, unless such Holders shall have offered to the Purchase Contract Agent security or indemnity satisfactory to the Purchase Contract Agent against the costs, expenses and
liabilities which might be incurred by it in compliance with such request or direction;

	(h)
	the
Purchase Contract Agent shall not be liable for any action taken, suffered, or omitted to be taken by it in the absence of bad faith or gross negligence by it;

	(i)
	the
Purchase Contract Agent shall not be deemed to have notice of any default hereunder unless a Responsible Officer of the Purchase Contract Agent has actual knowledge thereof or
unless written notice of any event which is in fact such a default is received by the Purchase Contract Agent at the Corporate Trust Office of the Purchase Contract Agent, and such notice references
the Units and this Agreement;

	(j)
	the
Purchase Contract Agent may request that the Issuer deliver an Officers' Certificate setting forth the names of individuals and/or titles of officers authorized at such time to
take specified actions pursuant to this Agreement, which Officers' Certificate may be signed by any person authorized to sign an Officers' Certificate, including any person specified as so authorized
in any such certificate previously delivered and not superseded; 

56

 

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

	(l)
	the
Purchase Contract Agent shall not be required to initiate or conduct any litigation or collection proceedings hereunder and shall have no responsibilities with respect to any
default hereunder except as expressly set forth herein. 

7.4   Not Responsible for Recitals or Issuance of Units  

        The recitals contained herein, in the Pledge Agreement, the Remarketing Agreement and in the Certificates shall be taken as the statements of the Issuer, and the
Purchase Contract Agent assumes no responsibility for their accuracy or validity. The Purchase Contract Agent makes no representations as to the validity or sufficiency of either this Agreement or of
the Units, or of the Pledge Agreement or the Pledge or the Collateral and shall have no responsibility for perfecting or maintaining the perfection of any security interest in the Collateral. The
Purchase Contract Agent shall not be accountable for the use or application by the Issuer of the proceeds in respect of the Purchase Contracts. 

7.5   May Hold Units  

        Any Security Registrar or any other agent of the Issuer, or the Purchase Contract Agent and its Affiliates, in their individual or any other capacity, may become
the owner or pledgee of Units and may otherwise deal with the Issuer, the Collateral Agent or any other Person with the same rights it would have if it were not Security Registrar or such other agent,
or the Purchase Contract Agent. The Issuer may become the owner or pledgee of Units. 

7.6   Money Held in Custody  

        Money held by the Purchase Contract Agent in custody hereunder need not be segregated from the Purchase Contract Agent's other funds except to the extent required
by law or provided herein or in the Pledge Agreement. The Purchase Contract Agent shall be under no obligation to invest or pay interest on any money received by it hereunder or under the Pledge
Agreement except as otherwise provided hereunder or agreed in writing with the Issuer. 

7.7   Compensation and Reimbursement  

        The Issuer agrees 

	(a)
	to
pay to the Purchase Contract Agent compensation for all services rendered by it hereunder, under the Pledge Agreement and under the Remarketing Agreement as the Issuer and the
Purchase Contract Agent shall from time to time agree in writing;

	(b)
	except
as otherwise expressly provided for herein, to reimburse the Purchase Contract Agent upon its request for all reasonable expenses, disbursements and advances incurred or made
by the Purchase Contract Agent in accordance with any provision of this Agreement, the Pledge Agreement and the Remarketing Agreement (including the reasonable compensation and the expenses and
disbursements of its agents and counsel) in connection with the negotiation, preparation, execution and delivery and performance of this Agreement, the Pledge Agreement and the Remarketing Agreement
and any modification, supplement or waiver of any of the terms thereof, except any such expense, disbursement or advance as may be attributable to its negligence, willful misconduct or bad faith; and 

57

 

	(c)
	to
indemnify the Purchase Contract Agent and any predecessor Purchase Contract Agent (and each of its directors, officers, agents and employees, collectively, the  Indemnitees) for, and to hold each
Indemnitee harmless against, any loss, claim, damage, fine, penalty, liability or expense (including reasonable fees
and expenses of counsel) incurred without negligence, willful misconduct or bad faith on its part, arising out of or in connection with the acceptance or administration of its duties hereunder and
under the Pledge Agreement and the Remarketing Agreement, including the Indemnitees' reasonable costs and expenses of defending themselves against any claim (whether asserted by the Issuer, a Holder
or any other person) or liability in connection with the exercise or performance of any of the Purchase Contract Agent's powers or duties hereunder or thereunder. 

        The
provisions of this Section shall survive the resignation and removal of the Purchase Contract Agent and the termination of this Agreement. 

7.8   Corporate Purchase Contract Agent Required; Eligibility  

        There shall at all times be a Purchase Contract Agent hereunder which shall be a Person organized and doing business under the laws of the United States of
America, any State thereof or the District of Columbia, authorized under such laws to exercise corporate trust powers, having (or being a member of a bank holding company having) a combined capital
and surplus of at least $[?], subject to supervision or examination by Federal or State authority and having a corporate trust office in the Borough of Manhattan, New York
City, if there be such a Person in the Borough of Manhattan, New York City, qualified and eligible under this Article and willing to act on reasonable terms. If such Person publishes or files reports
of condition at least annually, pursuant to law or to the requirements of said supervising or examining authority, then for the purposes of this Section, the combined capital and surplus of such
Person shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published or filed. If at any time the Purchase Contract Agent shall cease to be
eligible in accordance with the provisions of this Section, it shall resign immediately in the manner and with the effect hereinafter specified in this Article. 

7.9   Resignation and Removal; Appointment of Successor  

	(a)
	No
resignation or removal of the Purchase Contract Agent and no appointment of a successor Purchase Contract Agent pursuant to this Article shall become effective until the acceptance
of appointment by the successor Purchase Contract Agent in accordance with the applicable requirements of Section 7.10.

	(b)
	The
Purchase Contract Agent may resign at any time by giving written notice thereof to the Issuer 60 days prior to the effective date of such resignation. If the instrument of
acceptance by a successor Purchase Contract Agent required by Section 7.10 shall not have been delivered to the Purchase Contract Agent within 30 days after the giving of such notice of
resignation, the resigning Purchase Contract Agent may petition, at the expense of the Issuer, any court of competent jurisdiction for the appointment of a successor Purchase Contract Agent.

	(c)
	The
Purchase Contract Agent may be removed at any time by Act of the Holders of a majority in number of the Outstanding Units delivered to the Purchase Contract Agent and the Issuer.
If the instrument of acceptance by a successor Purchase Contract Agent required by Section 7.10 shall not have been delivered to the Purchase Contract Agent within 30 days after such
Act, the Purchase Contract Agent being removed may petition any court of competent jurisdiction for the appointment of a successor Purchase Contract Agent. 

58

 

	(d)
	If
at any time:

	(i)
	the
Purchase Contract Agent fails to comply with Section 310(b) of the TIA, as if the Purchase Contract Agent were an indenture trustee under an indenture
qualified under the TIA, and shall fail to resign after written request therefor by the Issuer or by any Holder who has been a bona fide Holder of a Unit for at least six months;

	(ii)
	the
Purchase Contract Agent shall cease to be eligible under Section 7.8 and shall fail to resign after written request therefor by the Issuer or by any such
Holder; or

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

then,
in any such case, (A) the Issuer by a Board Resolution may remove the Purchase Contract Agent, or (B) any Holder who has been a bona fide Holder of a Unit for at least six months
may, on behalf of himself and all others similarly situated, petition any court of competent jurisdiction for the removal of the Purchase Contract Agent and the appointment of a successor Purchase
Contract Agent. 

	(e)
	If
the Purchase Contract Agent shall resign, be removed or become incapable of acting, or if a vacancy shall occur in the office of Purchase Contract Agent for any cause, the Issuer,
by a Board Resolution, shall promptly appoint a successor Purchase Contract Agent and shall comply with the applicable requirements of Section 7.10. If no successor Purchase Contract Agent
shall have been so appointed by the Issuer and accepted appointment in the manner required by Section 7.10, any Holder who has been a bona fide Holder of a Unit for at least six months, on
behalf of itself and all others similarly situated, or the Purchase Contract Agent may petition at the expense of the Issuer, any court of competent jurisdiction for the appointment of a successor
Purchase Contract Agent.

	(f)
	The
Issuer shall give, or shall cause such successor Purchase Contract Agent to give, notice of each resignation and each removal of the Purchase Contract Agent and each appointment
of a successor Purchase Contract Agent by mailing written notice of such event by first-class mail, postage prepaid, to all Holders as their names and addresses appear in the applicable Security
Register. Each notice shall include the name of the successor Purchase Contract Agent and the address of its Corporate Trust Office. 

7.10 Acceptance of Appointment by Successor  

	(a)
	In
case of the appointment hereunder of a successor Purchase Contract Agent, every such successor Purchase Contract Agent so appointed shall execute, acknowledge and deliver to the
Issuer and to the retiring Purchase Contract Agent an instrument accepting such appointment, and thereupon the resignation or removal of the retiring Purchase Contract Agent shall become effective and
such successor Purchase Contract Agent, without any further act, deed or conveyance, shall become vested with all the rights, powers, agencies and duties of the retiring Purchase Contract Agent; but,
on the request of the Issuer or the successor Purchase Contract Agent, such retiring Purchase Contract Agent shall, upon payment of its charges, execute and deliver an instrument transferring to such
successor Purchase Contract Agent all the rights, powers and trusts of the retiring Purchase Contract Agent and duly assign, transfer and deliver to such successor Purchase Contract Agent all property
and money held by such retiring Purchase Contract Agent hereunder.

	(b)
	Upon
request of any such successor Purchase Contract Agent, the Issuer shall execute any and all instruments for more fully and certainly vesting in and confirming to such successor
Purchase Contract Agent all such rights, powers and agencies referred to in Section 7.10(a). 

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	(c)
	No
successor Purchase Contract Agent shall accept its appointment unless at the time of such acceptance such successor Purchase Contract Agent shall be qualified and eligible under
this Article Seven. 

7.11 Merger, Conversion, Consolidation or Succession to Business  

        Any Person into which the Purchase Contract Agent 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 Purchase Contract Agent shall be a party, or any Person succeeding to all or substantially all the corporate trust business of the Purchase Contract Agent,
shall be the successor of the Purchase Contract Agent hereunder, provided that such Person shall be otherwise qualified and eligible under this Article, without the execution or filing of any paper or
any further act on the part of any of the parties hereto. In case any Certificates shall have been authenticated and executed on behalf of the Holders, but not delivered, by the Purchase Contract
Agent then in office, any successor by merger, conversion or consolidation to such Purchase Contract Agent may adopt such authentication and execution and deliver the Certificates so authenticated and
executed with the same effect as if such successor Purchase Contract Agent had itself authenticated and executed such Units. 

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7.12 Preservation of Information; Communication to Holders  

	(a)
	The
Purchase Contract Agent shall preserve, in as current a form as is reasonably practicable, the names and addresses of Holders received by the Purchase Contract Agent in its
capacity as Security Registrar.

	(b)
	If
three or more Holders (herein referred to as "Applicants") apply in writing to the Purchase Contract Agent, and furnish to the
Purchase Contract Agent reasonable proof that each such applicant has owned a Security for a period of at least six months preceding the date of such application, and such application states that the
applicants desire to communicate with other Holders with respect to their rights under this Agreement or under the Securities and is accompanied by a copy of the form of proxy or other communication
which such applicants propose to transmit, then the Purchase Contract Agent shall mail to all the Holders copies of the form of proxy or other communication which is specified in such request, with
reasonable promptness after a tender to the Purchase Contract Agent of the materials to be mailed and of payment, or provision for the payment, of the reasonable expenses of such mailing. 

7.13 No Obligations of Purchase Contract Agent  

        Except to the extent otherwise expressly provided in this Agreement, the Purchase Contract Agent assumes no obligations and shall not be subject to any liability
under this Agreement, the Pledge Agreement, the Remarketing Agreement or any Purchase Contract in respect of the obligations of the Holder of any Unit thereunder. The Issuer agrees, and each Holder of
a Certificate, by its acceptance thereof, shall be deemed to have agreed, that the Purchase Contract Agent's execution of the Certificates on behalf of the Holders shall be solely as agent and
attorney-in-fact for the Holders, and that the Purchase Contract Agent shall have no obligation to perform such Purchase Contracts on behalf of the Holders, except to the
extent expressly provided in Article Five hereof. Anything contained in this Agreement to the contrary notwithstanding, in no event shall the Purchase Contract Agent or its officers, directors,
employees or agents be liable under this Agreement, the Pledge Agreement or the Remarketing Agreement to any third party for indirect, incidental, special, punitive, or consequential loss or damage of
any kind whatsoever, including lost profits, whether or not the likelihood of such loss or damage was known to the Purchase Contract Agent and regardless of the form of action. 

7.14 Tax Compliance  

	(a)
	The
Purchase Contract Agent, on its own behalf and on behalf of the Issuer, will comply with all applicable certification, information reporting and withholding (including "backup"
withholding) requirements imposed by applicable tax laws, regulations or administrative practice with respect to (i) any payments made with respect to the Units or (ii) the issuance,
delivery, holding, transfer, redemption or exercise of rights under the Units. Such compliance shall include, without limitation, the preparation and timely filing of required returns and the timely
payment of all amounts required to be withheld to the appropriate taxing authority or its designated agent.

	(b)
	The
Purchase Contract Agent shall comply in accordance with the terms hereof with any written direction received from the Issuer with respect to the execution or certification of any
required documentation and the application of such requirements to particular payments or Holders or in other particular circumstances, and may for purposes of this Agreement conclusively rely on any
such direction in accordance with the provisions of Section 7.1(a)(ii) hereof.

	(c)
	The
Purchase Contract Agent shall maintain all appropriate records documenting compliance with such requirements, and shall make such records available, on written request, to the
Issuer or its authorized representative within a reasonable period of time after receipt of such request. 

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8.     SUPPLEMENTAL AGREEMENTS  

8.1   Supplemental Agreements Without Consent of Holders  

        Without the consent of any Holders, the Issuer, when authorized by a Board Resolution, and the Purchase Contract Agent, at any time and from time to time, may
enter into one or more agreements supplemental hereto, in form satisfactory to the Issuer and the Purchase Contract Agent, to: 

	(a)
	evidence
the succession of another Person to the Issuer, and the assumption by any such successor of the covenants of the Issuer herein and in the Certificates;

	(b)
	evidence
and provide for the acceptance of appointment hereunder by a successor Purchase Contract Agent;

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

	(d)
	make
provision with respect to the rights of Holders pursuant to the requirements of Section 5.4(b); or

	(e)
	except
as provided for in Section 5.4, cure any ambiguity, correct or supplement any provisions herein which may be inconsistent with any other provisions herein, or make any
other provisions with respect to such matters or questions arising under this Agreement, provided that such action shall not adversely affect the interests of the Holders in any material respect. 

8.2   Supplemental Agreements with Consent of Holders  

	(a)
	Unless
otherwise provided in the applicable Issuer Order, with the consent of the Holders of not less than a majority of the Outstanding Units voting together as one class, including
without limitation the consent of the Holders obtained in connection with a tender or an exchange offer, by Act of said Holders delivered to the Issuer and the Purchase Contract Agent, the Issuer,
when authorized by a Board Resolution, and the Purchase Contract Agent may enter into an agreement or agreements supplemental hereto for the purpose of modifying in any manner the terms of the
Purchase Contracts, the Pledge Agreement, or the provisions of this Agreement or the rights of the Holders in respect of the Units; provided, however, that, except as contemplated herein, no such
supplemental agreement shall, without the unanimous consent of the Holders of each outstanding Purchase Contract affected thereby,

	(i)
	change
any Payment Date;

	(ii)
	change
the amount or the type of Collateral required to be Pledged to secure a Holder's obligations under the Purchase Contract, unless such change is not adverse to
the Holders, impair the right of the Holder of any Purchase Contract to receive distributions on the related Collateral or otherwise adversely affect the Holder's rights in or to such Collateral or
adversely alter the rights in or to such Collateral;

	(iii)
	impair
the Holders' right to institute suit for the enforcement of any Purchase Contract or any Contract Adjustment Payments;

	(iv)
	reduce
the number of shares of Common Stock or the amount of any other property to be purchased pursuant to any Purchase Contract, increase the price to purchase shares
of Common Stock or any other property upon settlement of any Purchase Contract or change the Purchase Contract Settlement Date or the right to Early Settlement or Cash Merger Early Settlement or
otherwise adversely affect the Holder's rights under the Purchase Contract;

	(v)
	reduce
any Contract Adjustment Payments or change any place where, or the coin or currency in which, any Contract Adjustment Payment is payable; or 

62

 

	(vi)
	reduce
the percentage of the outstanding Purchase Contracts the consent of whose Holders is required for any modification or amendment to the provisions of this
Agreement, the Purchase Contracts or the Pledge Agreement; 

provided
that if any amendment or proposal referred to above would adversely affect only the Corporate Units or the Treasury Units, then only the affected class of Holders as of the record date for
the Holders entitled to vote thereon will be entitled to vote on such amendment or proposal, and such amendment or proposal shall not be effective except with the consent of Holders of not less than a
majority of such class; and provided, further, that the unanimous consent of the Holders of each outstanding Purchase Contract of such class affected thereby shall be required to approve any amendment
or proposal specified in clauses (i) through (vi) above. 

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

8.3   Execution of Supplemental Agreements  

        In executing, or accepting the additional agencies created by, any supplemental agreement permitted by this Article or the modifications thereby of the agencies
created by this Agreement, the Purchase Contract Agent shall be entitled to receive, and (subject to Sections 7.1 and 7.3) shall be fully authorized and protected in relying upon, an Officers'
Certificate and an Opinion of Counsel stating that the execution of such supplemental agreement is authorized or permitted by this Agreement and that any and all conditions precedent to the execution
and delivery of such supplemental agreement have been satisfied. The Purchase Contract Agent may, but shall not be obligated to, enter into any such supplemental agreement which affects the Purchase
Contract Agent's own rights, duties, privileges, protections, indemnities, liabilities or immunities under this Agreement or otherwise. 

8.4   Effect of Supplemental Agreements  

        Upon the execution of any supplemental agreement under this Article, this Agreement shall be modified in accordance therewith, and such supplemental agreement
shall form a part of this Agreement for all purposes; and every Holder of Certificates theretofore or thereafter authenticated, executed on behalf of the Holders and delivered hereunder, shall
be bound thereby. 

8.5   Reference to Supplemental Agreements  

        Certificates authenticated, executed on behalf of the Holders and delivered after the execution of any supplemental agreement pursuant to this Article may, and
shall if required by the Purchase Contract Agent, bear a notation in form approved by the Purchase Contract Agent as to any matter provided for in such supplemental agreement. If the Issuer shall so
determine, new Certificates so modified as to conform, in the opinion of the Purchase Contract Agent and the Issuer, to any such supplemental agreement may be prepared and executed by the Issuer and
authenticated, executed on behalf of the Holders and delivered by the Purchase Contract Agent in exchange for outstanding Certificates. 

63

 

9.     CONSOLIDATION, MERGER, CONVEYANCE, TRANSFER OR LEASE  

9.1   Covenant Not to Consolidate, Merge, Convey, Transfer or Lease Property Except Under Certain Conditions  

        The Issuer covenants that it will not consolidate with or merge with or into, any other Person or convey, transfer or lease all or substantially all of its
properties or assets substantially as an entirety to any Person, unless: 

	(i)
	either
(a) the Issuer shall be the continuing corporation or (b) the Person (if other than the Issuer) formed by such consolidation or into which the
Issuer is merged or the Person which acquires by conveyance, transfer or lease the properties and assets of the Issuer substantially as an entirety shall expressly assume, by a supplemental agreement
executed and delivered to the Purchase Contract Agent, in a form reasonably satisfactory to the Purchase Contract Agent, all of the Issuer's obligations and covenants, as modified pursuant to
Section 9.2 hereof, under the Purchase Contracts, the Purchase Contract Agreement, the Pledge Agreement and the Remarketing Agreement;

	(ii)
	immediately
after such transaction, neither the Issuer nor any successor entity shall be in default in the performance of any such covenant or condition under the
Purchase Contracts, the Purchase Contract Agreement, the Pledge Agreement and the Remarketing Agreement; and

	(iii)
	the
Issuer and the successor Person have delivered to the Purchase Contract Agent an Officers' Certificate and an Opinion of Counsel each stating that such
consolidation, merger, conveyance, transfer or lease comply with this Article Nine and that all conditions precedent herein provided for relating to such transaction have been complied with. 

9.2   Rights and Duties of Successor Person  

        In case of any such consolidation, merger, conveyance, transfer or lease of the properties and assets of the Issuer substantially as an entirety in accordance
with Section 9.1, the successor Person formed by such consolidation or into which the Issuer is merged or the successor Person to which such conveyance, transfer or lease is made shall succeed
to and be substituted for, and may exercise every right and power of, the Issuer under the Purchase Contracts, the Purchase Contract Agreement, the Pledge Agreement and the Remarketing Agreement, with
the same effect as if it had been named herein as the Issuer; and thereafter, except in the case of a lease, the Issuer shall be discharged of all obligations and covenants under this Agreement, the
Pledge Agreement and the Remarketing Agreement and the Purchase Contracts. Such successor Person thereupon may cause to be signed, and may issue either in its own name or in the name of the Issuer,
any or all of the Certificates evidencing Units issuable hereunder which theretofore shall not have been signed by the Issuer and delivered to the Purchase Contract Agent; and, upon the order of such
successor Person, instead of the Issuer, and subject to all the terms, conditions and limitations in this Agreement prescribed, the Purchase Contract Agent shall authenticate and execute on behalf of
the Holders and deliver any Certificates which previously shall have been signed and delivered by the officers of the Issuer to the Purchase Contract Agent for authentication and execution, and any
Certificate evidencing Units which such successor Person thereafter shall cause to be signed and delivered to the Purchase Contract Agent for that purpose. All the Certificates issued shall in all
respects have the same legal rank and benefit under this Agreement as the Certificates theretofore or thereafter issued in accordance with the terms of this Agreement as though all of such
Certificates had been issued at the date of the execution hereof. 

        In
case of any such consolidation, merger, transfer or lease such change in phraseology and form (but not in substance) may be made in the Certificates evidencing Units thereafter to be
issued as may be appropriate. 

64

 

10.   COVENANTS  

10.1 Performance under Purchase Contracts  

        The Issuer covenants and agrees for the benefit of the Holders from time to time of the Units that it will duly and punctually perform its obligations under the
Purchase Contracts in accordance with the terms of the Purchase Contracts and this Agreement. 

10.2 Maintenance of Office or Agency  

	(a)
	The
Issuer will maintain in the Borough of Manhattan, New York City an office or agency where Certificates may be presented or surrendered for acquisition of shares of Common Stock
upon settlement of the Purchase Contracts on the Purchase Contract Settlement Date or upon Early Settlement or Cash Merger Early Settlement and for transfer of Collateral upon occurrence of a
Termination Event, where Certificates may be surrendered for registration of transfer or exchange, for a Collateral Substitution or recreation of Corporate Units and where notices and demands to or
upon the Issuer in respect of the Units and this Agreement may be served. The Issuer will give prompt written notice to the Purchase Contract Agent of the location, and any change in the location, of
such office or agency. The Issuer initially designates the Corporate Trust Office of the Purchase Contract Agent as such office of the Issuer. If at any time the Issuer shall fail to maintain any such
required office or agency or shall fail to furnish the Purchase Contract Agent with the address thereof, such presentations, surrenders, notices and demands may be made or served at the Corporate
Trust Office, and the Issuer hereby appoint the Purchase Contract Agent as its agent to receive all such presentations, surrenders, notices and demands.

	(b)
	The
Issuer may also from time to time designate one or more other offices or agencies where Certificates may be presented or surrendered for any or all such purposes and may from time
to time rescind such designations; provided, however, that no such designation or rescission shall in any manner relieve the Issuer of its obligation to maintain an office or agency in the Borough of
Manhattan, New York City for such purposes. The Issuer will give prompt written notice to the Purchase Contract Agent of any such designation or rescission and of any change in the location of any
such other office or agency. The Issuer hereby designates as the place of payment for the Units the Corporate Trust Office and appoints the Purchase Contract Agent at its Corporate Trust Office as
paying agent in such city. 

10.3 Issuer to Reserve Common Stock  

        The Issuer shall at all times prior to the Purchase Contract Settlement Date reserve and keep available, free from preemptive rights, out of authorized but
unissued Common Stock the full number of shares of Common Stock issuable against tender of payment in respect of all Purchase Contracts constituting a part of the Units evidenced by Outstanding
Certificates. 

10.4 Covenants as to Common Stock  

        The Issuer covenants that all shares of Common Stock which may be issued against tender of payment in respect of any Purchase Contract constituting a part of the
Outstanding Units will, upon issuance, be duly authorized, validly issued, fully paid and nonassessable. 

65

 

10.5 Statements of Officers of the Issuer as to Default  

        The Issuer will deliver to the Purchase Contract Agent, within 120 days after the end of each fiscal year of the Issuer (which as of the date hereof is  
[December 31]) ending after the date hereof, an Officers' Certificate,
stating whether or not to the knowledge of the signers thereof the Issuer is in default in the performance and observance of any of the terms, provisions and conditions hereof, and if the Issuer shall
be in default, specifying all such defaults and the nature and status thereof of which they may have knowledge. 

10.6 ERISA  

        Each Holder from time to time of the Units that is a Plan or who used assets of a Plan to purchase Units hereby represents that either (i) no portion of
the assets used by such Holder to acquire the Corporate Units constitutes assets of the Plan or (ii) the purchase or holding of the Corporate Units by such purchaser or transferee will not
constitute a non-exempt prohibited transaction under Section 406 of ERISA or Section 4973 of the Code or similar violation under any applicable laws. 

10.7 Tax Treatment  

        The Issuer covenants and agrees, and by purchasing a Treasury Unit or a Corporate Unit each Holder agrees, for United States federal, state and local income and
franchise tax purposes, to (i) treat a Holder's acquisition of the Treasury Units or Corporate Units as the acquisition of the Treasury Securities or Notes, as the case may be, and Purchase
Contracts constituting the Treasury Units or the Corporate Units, as the case may be, (ii) treat each Holder as the owner of the applicable interest in the Collateral Account, including the
Notes or the Treasury Securities and (iii) treat each Note as indebtedness of the Issuer. 

        [SIGNATURES
ON THE FOLLOWING PAGE] 

66

 
 
 

SIGNATORIES    
    

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

	 	 	 	TPG N.V.
	

 	

 	
 	

By:	

 
	 	 	 	 	
 Name:

Title:
	

 	

 	
 	
HOLDER SPECIFIED ABOVE (as to obligations of such Holder under the Purchase Contracts)
	

 	

 	
 	

By: [      ],

not individually but solely as Attorney-in-Fact of such Holder
	

 	

 	
 	

By:	

 
	 	 	 	 	
 Name:

Title:
	DATED:	 	 	 	 
	 	
	 	 	 

67

  

 
 

EXHIBIT 1    
    

 
  FORM OF FACE OF CORPORATE UNIT CERTIFICATE    
    

        [IF THIS CERTIFICATE IS TO BE A GLOBAL CERTIFICATE, INSERT:] 

        THIS
CERTIFICATE IS A GLOBAL CERTIFICATE WITHIN THE MEANING OF THE PURCHASE CONTRACT AGREEMENT AND IS REGISTERED IN THE NAME OF A DEPOSITARY OR A NOMINEE THEREOF. THIS CERTIFICATE MAY
NOT BE EXCHANGED IN WHOLE OR IN PART FOR A CERTIFICATE REGISTERED, AND NO TRANSFER OF THIS CERTIFICATE IN WHOLE OR IN PART MAY BE REGISTERED, IN THE NAME OF ANY PERSON OTHER THAN SUCH DEPOSITARY OR A
NOMINEE THEREOF, EXCEPT IN THE LIMITED CIRCUMSTANCES DESCRIBED IN THE PURCHASE CONTRACT AGREEMENT. 

        UNLESS
THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, 55 WATER STREET, NEW YORK, NEW YORK 10004, 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
CEDE & CO., AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF CEDE & CO., ANY TRANSFER, PLEDGE OR OTHER USE HEREOF
FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL BECAUSE THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN. 

No. 1
CUSIP No. [    ] 

Number
of Corporate Units: [    ] 

 
 

TPG N.V.    
    

Corporate Units  

        This Corporate Units Certificate certifies that [Cede & Co.] [    ] is the registered Holder of
the number of Corporate Units set forth above [For inclusion in Global Certificates only—or such other number of Corporate Units reflected in the Schedule of Increases or
Decreases in Global Certificate attached to this Corporate Units Certificate], which number shall not exceed [5,000,000]. Each Corporate Unit consists of
(i) the beneficial ownership by the Holder of one Note of principal amount of [    ] Note due
[    •    ] (the Note) of [TPG N.V.] (the  Issuer), subject to the Pledge of such Note by such Holder pursuant
to the Pledge Agreement, and (ii) the rights and obligations of the Holder
under one Purchase Contract with the Issuer. All capitalized terms used herein which are defined in the Purchase Contract Agreement (as defined on the reverse hereof) have the meaning set forth
therein. 

        Pursuant
to the Pledge Agreement, the Note constituting part of each Corporate Unit evidenced hereby has been pledged to the Collateral Agent, for the benefit of the Issuer, to secure
the obligations of the Holder under the Purchase Contract comprising part of such Corporate Unit. 

68

 

        The
Purchase Contract Agreement and Pledge Agreement provide that all payments with respect to any of the Pledged Notes constituting part of the Corporate Units received by the
Securities Intermediary shall be paid by wire transfer in same day funds (i) in the case of (A) interest on Pledged Notes and (B) any payments of the principal amount of any Notes
that have been released from the Pledge pursuant to the Pledge Agreement, to the Purchase Contract at an account designated by the Purchase Contract Agent, no later than 2:00 p.m., New York
City time, on the Business Day such payment is received by the Securities Intermediary (provided that in the event such payment is received by the Securities Intermediary on a day that is not a
Business Day or after 12:30 p.m., New York City time, on a Business Day, then such payment shall be made no later than 10:30 a.m., New York City time, on the next succeeding Business
Day) and (ii) in the case of payments with respect to the principal amount of the Notes, to the Issuer on the Purchase Contract Settlement Date (as described herein) in accordance with the
terms of the Pledge Agreement, in full satisfaction of the respective obligations of the Holders of the Corporate Units of which such Pledged Notes are a part under the Purchase Contracts forming a
part of such Corporate Units. Interest on the Notes forming part of a Corporate Units evidenced hereby, which are payable quarterly in arrears on    •    ,
    •    ,    •    and    •    of each year, commencing    •    
(Payment Date), shall, subject to receipt thereof by the Purchase Contract Agent from the Securities Intermediary, be paid to the Person in whose name
this Corporate Units Certificate (or a Predecessor Corporate Units Certificate) is registered at the close of business on the Record Date for such Payment Date. 

        Each
Purchase Contract evidenced hereby obligates the Holder of this Corporate Units Certificate to purchase, and the Issuer to sell, on    •    (the  Purchase Contract Settlement
Date), at a price equal to $    •    (the Stated
Amount), a number of newly issued shares of [    ] (Common Stock), of the Issuer, equal to the
Settlement Rate, unless on or prior to the Purchase Contract Settlement Date there shall have occurred a Termination Event or an Early Settlement or Cash Merger Early Settlement with respect to such
Purchase Contract, all as provided in the Purchase Contract Agreement and more fully described on the reverse hereof. The purchase price (the Purchase
Price) for the shares of Common Stock purchased pursuant to each Purchase Contract evidenced hereby, if not paid earlier, shall be paid on the Purchase Contract Settlement Date
by application of (i) cash received from a Holder or (ii) payment received in respect of the Notes pledged to secure the obligations under such Purchase Contract of the Holder of the
Corporate Units of which such Purchase Contract is a part. 

        Each
Purchase Contract evidenced hereby obligates the Holder to agree, for United States federal, state and local income and franchise tax purposes, to (i) treat an acquisition of
the Corporate Units as an acquisition of the Notes and Purchase Contracts constituting the Corporate Units, (ii) treat itself as owner of the applicable interest in the Collateral Account,
including the Notes and (iii) treat each Note as indebtedness of the Issuer. 

        The
Issuer shall pay, on each Payment Date, in respect of each Purchase Contract forming part of a Corporate Unit evidenced hereby, an amount (the Contract
Adjustment Payments) equal to [    ]% per year of the Stated Amount. Such Contract Adjustment Payments shall be payable to the Person in whose
name this Corporate Units Certificate is registered at the close of business on the Record Date for such Payment Date. The Issuer may, at its option, defer such Contract Adjustment Payments. 

        Interest
on the Notes and the Contract Adjustment Payments will be payable at the office of the Purchase Contract Agent in New York City. If the book-entry system for the
Corporate Units has been terminated, the Contract Adjustment Payments will be payable, at the option of the Issuer, by check mailed to the address of the Person entitled thereto at such Person's
address as it appears on the Security Register, or by wire transfer to the account designated by such Person by a prior written notice to the Purchase Contract Agent. 

        Reference
is hereby made to the further provisions set forth on the reverse hereof, which further provisions shall for all purposes have the same effect as if set forth at this place. 

69

 

        Unless
the certificate of authentication hereon has been executed by the Purchase Contract Agent by manual signature, this Corporate Units Certificate shall not be entitled to any
benefit under the Pledge Agreement or the Purchase Contract Agreement or be valid or obligatory for any purpose. IN WITNESS WHEREOF, the Issuer and the Holder specified above have caused this
instrument to be duly executed. 

	 	 	TPG N.V.
	

 	
 	

By:	
 	

 
	 	 	 	 	
 Name:

Title:

        HOLDER
SPECIFIED ABOVE (as to obligations of such Holder under the Purchase Contracts) 

	 	 	[•], not individually but solely as Attorney-in-Fact of such Holder
	

 	
 	

By:	
 	

 
	 	 	 	 	
 Name:

Title:
	Dated:	 	 	 	 

 
 

CERTIFICATE OF AUTHENTICATION OF PURCHASE CONTRACT AGENT    
    

        This is one of the Corporate Units Certificates referred to in the within mentioned Purchase Contract Agreement. 

	 	 	[•], as Purchase Contract Agent
	

 	
 	

By:	
 	

 
	 	 	 	 	
 Name:

Title:
	Dated:	 	 	 	 

 
 

FORM OF REVERSE OF CORPORATE UNIT CERTIFICATE    
    

        Each Purchase Contract evidenced hereby is governed by a Purchase Contract Agreement, dated as of [    ],
200[    ] (as may be supplemented from time to time), the (Purchase Contract Agreement), between the Issuer and
[    •    ], as Purchase Contract Agent (including its successors hereunder, the (Purchase Contract
Agent), to which Purchase Contract Agreement and supplemental agreements thereto reference is hereby made for a description of the respective rights, limitations of rights,
obligations, duties and immunities thereunder of the Purchase Contract Agent, the Issuer, and the Holders and of the terms upon which the Corporate Units Certificates are, and are to be, executed and
delivered. 

        Each
Purchase Contract evidenced hereby obligates the Holder of this Corporate Units Certificate to purchase, and the Issuer to sell, on the Purchase Contract Settlement Date at a price
equal to the Stated Amount (the Purchase Price), a number of shares of Common Stock equal to the Settlement Rate, unless an Early Settlement, a Cash
Merger Early Settlement or a Termination Event with respect to the Units of which such Purchase Contract is a part shall have occurred. The (Settlement
Rate) is equal to: 

	1.
	if
the Adjusted Applicable Market Value (as defined below) is greater than or equal to $[    ] (the Threshold Appreciation
Price), [    ] shares of Common Stock per Purchase Contract; 

70

 

	2.
	if
the Adjusted Applicable Market Value is less than the Threshold Appreciation Price but greater than $[    ] (the Reference
Price), the number of shares of Common Stock per Purchase Contact having a value equal to the Stated Amount divided by the Adjusted Applicable Market Value; and

	3.
	if
the Adjusted Applicable Market Value is less than or equal to the Reference Price, [    ] shares of Common Stock per Purchase Contract; 

in
each case subject to adjustment as provided in the Purchase Contract Agreement (and in each case rounded upward or downward to the nearest 1/10,000th of a share). 

        No
fractional shares of Common Stock will be issued upon settlement of Purchase Contracts, as provided in Section 5.9 of the Purchase Contract Agreement. 

        Each
Purchase Contract evidenced hereby, which is settled through Early Settlement or Cash Merger Early Settlement shall obligate the Holder of the related Corporate Units to purchase at
the Purchase Price, and the Issuer to sell, a number of newly issued shares of Common Stock equal to the Early Settlement Rate (in the case of an Early Settlement) or applicable Settlement Rate (in
the case of a Cash Merger Early Settlement). 

        The
Applicable Market Value means the average of the Closing Price per share of Common Stock on each of the 20 consecutive Trading Days
ending on the third Trading Day immediately preceding the Purchase Contract Settlement Date subject to adjustments set forth under Section 5.4 of the Purchase Contract Agreement. 

        The
Adjusted Applicable Market Value means (i) prior to any adjustment of the Settlement Rate pursuant to paragraph (i),
(ii), (iii), (iv), (v), (vi), (vii) or (x) of Section 5.4(a) of the Purchase Contract Agreement, the Applicable Market Value, and (ii) at the time of and after any
adjustment of the Settlement Rate pursuant to paragraph (i), (ii), (iii), (iv), (v), (vi), (vii) or (x) of Section 5.4(a) of the Purchase Contract Agreement, the Applicable
Market Value multiplied by a fraction, the numerator of which shall be the Settlement Rate immediately after such adjustment pursuant to paragraph (i), (ii), (iii), (iv), (v), (vi),
(vii) or (x) of Section 5.4(a) of the Purchase Contract Agreement and the denominator of which shall be the Settlement Rate immediately prior to such adjustment; provided,
however, that if such adjustment to the Settlement Rate is required to be made pursuant to the occurrence of any of the events contemplated by paragraph (i), (ii), (iii), (iv), (v), (vi),
(vii) or (x) of Section 5.4(a) of the Purchase Contract Agreement during the period taken into consideration for determining the Applicable Market Value, appropriate and customary
adjustments shall be made to the Settlement Rate. 

        The
Closing Price of the Common Stock on any date of determination means the closing sale price of the Common Stock on Euronext Amsterdam,
or any successor to it, on such date or, if the Common Stock is not listed for trading on Euronext Amsterdam on any such date, the market value of the Common Stock in euro on the date of determination
as determined by an internationally recognized independent investment banking firm retained by the Issuer for this purpose. 

        A
Trading Day means a day on which Common Stock (1) is not suspended from trading on any national or regional securities exchange
or association or over-the-counter market at the close of business and (2) has traded at least once on the national or regional securities exchange or association or
over-the-counter market that is the primary market for the trading of Common Stock. 

71

 

        In
accordance with the terms of the Purchase Contract Agreement, the Holder of this Corporate Units Certificate may pay the Purchase Price for the shares of Common Stock purchased
pursuant to each Purchase Contract evidenced hereby, by effecting a Cash Settlement, an Early Settlement or, if applicable, a Cash Merger Early Settlement or from the proceeds of the Remarketing of
the related Pledged Notes or the automatic Put Right. A Holder of Corporate Units who (1) does not, on or prior to 5:00 p.m. (New York City time) on the fifth Business Day immediately
preceding the Purchase Contract Settlement Date, notify the Purchase Contract Agent of its intention to effect a Cash Settlement, or who does so notify the Purchase Contract Agent but fails to make an
effective Cash Settlement prior to 5:00 p.m. (New York City time) on the fourth Business Day immediately preceding the Purchase Contract Settlement Date, or (2) on or prior to
5:00 p.m. (New York City time) on the fifth Business Day prior to the Purchase Contract Settlement Date, does not make an effective Early Settlement, shall pay the Purchase Price, less the
amount of any Deferred Contract Adjustment Payments payable to such Holder, for the shares of Common Stock to be delivered under the related Purchase Contract from the proceeds of the sale of the
related Pledged Notes held by the Collateral Agent unless the Holder has previously made a Cash Merger Early Settlement. Such sale will be made by the Remarketing Agent pursuant to the terms of the
Remarketing Agreement on the Remarketing Date. 

        As
provided in the Purchase Contract Agreement, upon the occurrence of a Failed Remarketing, unless a Holder of a Pledged Note has notified the Purchase Contract Agent of its intent to
effect a Cash Settlement of the Purchase Contract and delivered the Purchase Price to the Collateral Agent pursuant to the Purchase Contract Agreement, such Holder shall be deemed to have exercised
such Holder's Put Right and to have elected to pay the Purchase Price under the Purchase Contract out of a portion of the proceeds from the Put Right in full satisfaction of such Holder's obligations
under the Purchase Contract. In the event of the Issuer's failure to pay the Put Price when due, the Issuer shall be deemed to have netted such Holder's obligation to pay the Issuer the Purchase Price
under the Purchase Contracts against the Issuer's obligations to pay the Put Price, in full satisfaction of such Holder's obligation under the Purchase Contracts. 

        The
Issuer shall not be obligated to issue any shares of Common Stock in respect of a Purchase Contract or deliver any certificates therefor to the Holder unless it shall have received
payment of the aggregate Purchase Price for the shares of Common Stock to be purchased thereunder in the manner set forth in the Purchase Contract Agreement. 

        Each
Purchase Contract evidenced hereby and all obligations and rights of the Issuer and the Holder thereunder shall terminate if a Termination Event shall occur. Upon the occurrence of
a Termination Event, the Issuer shall give written notice to the Purchase Contract Agent and to the Holders, at their addresses as they appear in the Security Register. Upon and after the occurrence
of a Termination Event, the Collateral Agent shall release the Pledged Notes. A Corporate Unit shall thereafter represent the right to receive the Note in accordance with the terms of the Purchase
Contract Agreement and the Pledge Agreement. 

        Under
the terms of the Pledge Agreement and the Purchase Contract Agreement, the Purchase Contract Agent will be entitled to exercise the voting and any other consensual rights
pertaining to the Pledged Notes, but only to the extent instructed in writing by the Holders. Upon receipt of notice of any meeting at which holders of Notes are entitled to vote or upon the
solicitation of consents, waivers or proxies of holders of Notes, the Purchase Contract Agent shall, as soon as practicable thereafter, mail to the Corporate Units Holders a notice: 

	1.
	containing
such information as is contained in the notice or solicitation;

	2.
	stating
that each Corporate Units Holder on the record date set by the Purchase Contract Agent therefor (which, to the extent possible, shall be the same date as the record date for
determining the holders of Notes entitled to vote) shall be entitled to instruct the Purchase Contract Agent as to the exercise of the voting rights pertaining to the Notes constituting a part of such
Holder's Corporate Units; and 

72

 

	3.
	stating
the manner in which such instructions may be given. 

        Upon
the written request of the Corporate Units Holders on such record date, received by the Purchase Contract Agent at least six days prior to such meeting, the Purchase Contract Agent
shall endeavor insofar as practicable to vote or cause to be voted, in accordance with the instructions set forth in such requests, the maximum aggregate principal amount of Notes as to which any
particular voting instructions are received. In the absence of specific instructions from the Holder of a Corporate Unit, the Purchase Contract Agent shall abstain from voting the Note evidenced by
such Corporate Unit. 

        The
Corporate Units Certificates are issuable only in registered form and only in denominations of a single Corporate Unit and any integral multiple thereof. The transfer of any
Corporate Units Certificate will be registered and Corporate Units Certificates may be exchanged as provided in the Purchase Contract Agreement. The Security Registrar may require a Holder, among
other things, to furnish appropriate endorsements and transfer documents permitted by the Purchase Contract Agreement. No service charge shall be required for any such registration of transfer or
exchange, but the Issuer and the Purchase Contract Agent may require payment of a sum sufficient to cover any tax or other governmental charge payable in connection therewith. A Holder who elects to
substitute a Treasury Security for a Note, thereby creating Treasury Units, shall be responsible for any fees or expenses payable in connection therewith. Except as provided in the Purchase Contract
Agreement, for so long as the Purchase Contract underlying a Corporate Units remains in effect, such Corporate Units shall not be separable into its constituent parts, and the rights and obligations
of the Holder of such Corporate Units in respect of the Notes and Purchase Contract constituting such Corporate Units may be transferred and exchanged only as a Corporate Unit. 

        Subject
to the conditions set forth in the Purchase Contract Agreement, the Holder of corporate Units may substitute, at anytime prior to 5:00 p.m. (New York city time) on the
fifth Business Day immediately preceding the Purchase Contract Settlement Date, for the Pledged Notes securing such Holder's obligations under the related Purchase Contracts, Treasury Securities in an
aggregate principal amount at maturity equal to the aggregate principal amount of the Pledged Notes in accordance with the terms of the Purchase Contract Agreement and the Pledge Agreement. From and
after such Collateral Substitution, each Unit for which such Pledged Treasury Securities secures the Holder's obligation under the Purchase Contract shall be referred to as a
(Treasury Unit). A Holder may make such Collateral Substitution only in integral multiples of    •    Corporate Units
for    •    Treasury Units. 

        The
Issuer shall pay, on each Payment Date, the Contract Adjustment Payments payable in respect of each Purchase Contract to the Person in whose name the Corporate Units Certificate
evidencing such Purchase Contract is registered at the close of business on the Record Date for such Payment Date. Contract Adjustment Payments will be payable at the office of the Purchase Contract
Agent in New York City. If the book-entry system for the Corporate Units has been terminated, the Contract Adjustment Payments will be payable, at the option of the Issuer, by check mailed
to the address of the Person entitled thereto at such Person's address as it appears on the Security Register, or by wire transfer to the account designated by such Person by a prior written notice to
the Purchase Contract Agent. 

73

 

        The
Issuer has the right to defer payment of all or part of the Contract Adjustment Payments in respect of each Purchase Contract until no later than the Purchase Contract Settlement
Date (or in the event of an effective Early Settlement or Cash Merger Early Settlement, the Early Settlement Date or Cash Merger Early Settlement Date, as the case may be) as set forth in the Purchase
Contract Agreement. If the Issuer so elects to defer Contract Adjustment Payments, the Issuer shall pay additional Contract Adjustment Payments on such deferred installments of Contract Adjustment
Payments at a rate equal to [    ]% per annum, compounding on each succeeding Payment Date, until such deferred installments are paid. In the event that the Issuer
elects to defer the payment of Contract Adjustment Payments on the Purchase Contracts until the Purchase Contract Settlement Date (or, in the event of an effective Early Settlement or Cash Merger
Early Settlement, the Early Settlement Date or Cash Merger Early Settlement Date, as the case may be), each Holder will receive on the Purchase Contract Settlement Date, Early Settlement Date or Cash
Merger Early Settlement Date, as applicable, the Deferred Contract Adjustment Payments to the extent such fees are not deducted from the Settlement Price in the case of a Cash Settlement or any Early
Settlement or Cash Merger Early Settlement as set forth in the Purchase Contract Agreement. 

        The
Purchase Contracts and all obligations and rights of the Issuer and the Holders thereunder, including, without limitation, the rights of the Holders to receive and the obligation of
the Issuer to pay any Contract Adjustment Payments, shall immediately and automatically terminate, without the necessity of any notice or action by any Holder, the Purchase Contract Agent or the
Issuer, if, on or prior to the Purchase Contract Settlement Date, a Termination Event shall have occurred. Upon the occurrence of a Termination Event, the Issuer shall promptly but in no event later
than two Business Days thereafter give written notice of the Termination Event to the Purchase Contract Agent, the Collateral Agent and the Holders, at their addresses as they appear in the Security
Register. Upon and after the occurrence of a Termination Event, the Collateral Agent shall release the Notes from the Pledge in accordance with the provisions of the Pledge Agreement. 

        Subject
to and upon compliance with the provisions of the Purchase Contract Agreement, at the option of the Holder thereof, Purchase Contracts underlying Units may be settled early at
any time prior to 5:00 p.m. (New York City time) on the fifth Business Day immediately preceding the Purchase Contract Settlement Date (Early
Settlement) as provided in the Purchase Contract Agreement. In order to exercise the right to effect Early Settlement with respect to any Purchase Contract evidenced by this
Certificate, the Holder of this Corporate Units Certificate shall deliver to the Purchase Contract Agent at the Corporate Trust Office an Election to Settle Early form set forth below duly completed
and accompanied by payment in the form of immediately available funds payable to the order of the Issuer in an amount (the Early Settlement Amount)
equal to: 

	(i)
	the
sum of (A) the product of (i) the Stated Amount times (II) the number of Purchase Contracts with respect to which the Holder has elected to
effect Early Settlement, plus (B) if such delivery is made with respect to any Purchase Contracts during the period from the close of business on any Record Date next preceding any Payment Date
to the opening of business on such Payment Date, an amount equal to the Contract Adjustment Payments (including any Deferred Contract Adjustment Payments) payable on such Payment Date with respect to
such Purchase Contracts. 

        Upon
Early Settlement of Purchase Contracts by a Holder of the related Units, the Pledged Notes shall be released from the Pledge as provided in the Pledge Agreement and the Holder shall
be entitled to receive a number of shares of Common Stock on account of each Purchase Contract forming part of a Corporate Unit as to which Early Settlement is effected equal to
[    ] shares of Common Stock per Purchase Contract (the Early Settlement Rate). The Early Settlement Rate shall be
adjusted in the same manner and at the same time as the Settlement Rate is adjusted as provided in Section 5.4 of the Purchase Contract Agreement. 

74

 

        Upon
the occurrence of a Cash Merger, a Holder of Corporate Units may effect Cash Merger Early Settlement of the Purchase Contract underlying such Corporate Units pursuant to the terms
of Section 5.4(b)(ii) of the Purchase Contract Agreement. Upon Cash Merger Early Settlement of Purchase Contracts by a Holder of the related Corporate Units, the Pledged Notes shall be
released from the Pledge as provided in the Pledge Agreement. 

        Upon
registration of transfer of this Corporate Units Certificate, the transferee shall be bound (without the necessity of any other action on the part of such transferee, except as may
be required by the Purchase Contract Agent pursuant to the Purchase Contract Agreement), under the terms of the Purchase Contract Agreement and the Purchase Contracts evidenced hereby and the
transferor shall be released from the obligations under the Purchase Contracts evidenced by this Corporate Units Certificate. The Issuer covenants and agrees, and the Holder, by its acceptance hereof,
likewise covenant and agree, to be bound by the provisions of this paragraph. 

        The
Holder of this Corporate Units Certificate, by its acceptance hereof, authorizes the Purchase Contract Agent to enter into and perform the related Purchase Contracts forming part of
the Corporate Units evidenced hereby on its behalf as its attorney-in-fact, expressly withholds any consent to the assumption (i.e., affirmance) of the Purchase Contracts by
the Issuer or its trustee in the event that the Issuer becomes the debtor under the Bankruptcy Code or subject to other similar state or Federal law providing for reorganization or liquidation, agrees
to be bound by the terms and provisions thereof, covenants and agrees to perform its obligations under such Purchase Contracts, consents to the provisions of the Purchase Contract Agreement,
authorizes the Purchase Contract Agent to enter into and perform the Purchase Contract Agreement and the Pledge Agreement on its behalf as its attorney-in-fact, and consents to
the Pledge of the Notes pursuant to the Pledge Agreement. The Holder further covenants and agrees that, to the extent and in the manner provided in the Purchase Contract Agreement and the Pledge
Agreement, but subject to the terms thereof, payments with respect to the aggregate principal amount of the Pledged Notes on the Purchase Contract Settlement Date shall be paid by the Collateral Agent
to the Issuer in satisfaction of such Holder's obligations under such Purchase Contract and such Holder shall acquire no right, title or interest in such payments. 

        Subject
to certain exceptions, the provisions of the Purchase Contract Agreement may be amended with the consent of the Holders of a majority of the Purchase Contracts. 

        The
Purchase Contracts shall be governed by, and construed in accordance with, the laws of the State of New York, without giving effect to the conflicts of law provisions thereof. 

        Prior
to due presentment of this Certificate for registration of transfer, the Issuer, the Purchase Contract Agent and its Affiliates and any agent of the Issuer or the Purchase Contract
Agent may treat the Person in whose name this Corporate Units Certificate is registered as the owner of the Corporate Units evidenced hereby for the purpose of receiving payments of interest payable
on the Notes, receiving payments of Contract Adjustment Payments (subject to any applicable record date), performance of the Purchase Contracts and for all other purposes whatsoever, whether or not
any payments in respect thereof be overdue and notwithstanding any notice to the contrary, and neither the Issuer, the Purchase Contract Agent nor any such agent shall be affected by notice to the
contrary. 

        The
Purchase Contracts shall not, prior to the settlement thereof, entitle the Holder to any of the rights of a holder of shares of Common Stock. 

        A
copy of the Purchase Contract Agreement is available for inspection at the offices of the Purchase Contract Agent. 

75

 
 
 

ABBREVIATIONS    
    

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

TEN
COM: as tenants in common 

	UNIF GIFT MIN ACT:	 	 	 	Custodian	 	 
	 	
 (cust)	 	 	
 (minor)
	 	 	 	 	Under Uniform Gifts to Minors Act of	 
	 	 	 	 	 	
	 

TENANT:
as tenants by the entireties 

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

FOR
VALUE RECEIVED, the undersigned hereby sell(s), assign(s) and transfer(s) unto 

(Please
insert Social Security or Taxpayer I.D. or other Identifying Number of Assignee) 

(Please
Print or Type Name and Address Including Postal Zip Code of Assignee) 

the
within Corporate Units Certificates and all rights thereunder, hereby irrevocably constituting and appointing attorney , to transfer said Corporate Units Certificates on the books of TPG N.V.,
with full power of substitution in the premises. 

	Dated:	 	 	Signature:	 
	 	
	 	 	

	 	 	 	NOTICE: The signature to this assignment must correspond with the name as it appears upon the face of the within Corporate Units Certificates in every particular, without alteration or enlargement or any change
whatsoever.
	

 	

 	
 	

Signature Guarantee:
	

 	

 	
 	

76

 
 
 

SETTLEMENT INSTRUCTIONS    
    

        The undersigned Holder directs that a certificate for shares of Common Stock deliverable upon settlement on or after the Purchase Contract Settlement Date of the
Purchase Contracts underlying the number of Corporate Units evidenced by this Corporate Units Certificate be registered in the name of, and delivered, together with a check in payment for any
fractional share, to the undersigned at the address indicated below unless a different name and address have been indicated below. If shares are to be registered in the name of a Person other than the
undersigned, the undersigned will pay any transfer tax payable incident thereto. 

	Dated:	 	 	Signature:	 
	 	
	 	 	

	

 	

 	
 	

Signature Guarantee:
	

 	

 	
 	

 (if assigned to another person)

If
shares are to be registered in the name of and delivered to a Registered Holder Person other than the Holder, please (i) print such Person's name and address and provide a guarantee of your
signature: 

Please
print name and address of Registered Holder: 

	 	 	 	Name:
	 	 	 	 	

	 	 	 	Address:
	

 	

 	
 	

Name:
	 	 	 	 	

	

 	

 	
 	

Address:
	

 	

 	
 	

Social Security or other Taxpayer Identification Number,
	 	 	 	if any:	 
	 	 	 	 	

77

 
 
 

ELECTION TO SETTLE EARLY/CASH MERGER EARLY SETTLEMENT    
    

        The undersigned Holder of this Corporate Units Certificate hereby irrevocably exercises the option to effect [Early Settlement]
[Cash Merger Early Settlement following a Cash Merger] in accordance with the terms of the Purchase Contract Agreement with respect to the Purchase Contracts underlying the
number of Corporate Units evidenced by this Corporate Units Certificate specified below. The undersigned Holder directs that a certificate for shares of Common Stock or other securities deliverable
upon such [Early Settlement] [Cash Merger Early Settlement] be registered in the name of, and delivered, together with a check in payment for any
fractional share and any Corporate Units Certificate representing any Corporate Units evidenced hereby as to which [Early Settlement] [Cash Merger Early
Settlement] of the related Purchase Contracts is not effected, to the undersigned at the address indicated below unless a different name and address have been indicated below. Pledged
Notes deliverable upon such [Early Settlement] [Cash Merger Early Settlement] will be transferred in accordance with the transfer instructions set forth
below. If shares are to be registered in the name of a Person other than the undersigned, the undersigned will pay any transfer tax payable incident thereto. 

	Dated:	 	 	Signature:	 
	 	
	 	 	

	

 	

 	
 	

Signature Guarantee:
	

 	

 	
 	

Number
of Units evidenced hereby as to which [Early Settlement] [Cash Merger Early Settlement] of the related Purchase Contracts is being elected: 

If
shares of Common Stock or Corporate Units Certificates are to be registered in the name of and delivered to and Pledged Notes are to be transferred to a Person other than the Holder, please print
such Person's name and address: 

	 	 	 	Registered Holder:
	

 	

 	
 	

Name:	

 
	 	 	 	 	

	

 	

 	
 	

Address:
	

 	

 	
 	

Name:	

 
	 	 	 	 	

	

 	

 	
 	

Address:
	

 	

 	
 	

Social Security or other Taxpayer Identification Number,
	 	 	 	if any:	 
	 	 	 	 	

        Transfer
Instructions for Pledged Notes transferable upon [Early Settlement] [Cash Merger Early Settlement] or a Termination Event: 

78

 
[TO BE ATTACHED TO GLOBAL CERTIFICATES]  

 
 

SCHEDULE OF INCREASES OR DECREASES IN GLOBAL CERTIFICATE    
    

        The initial number of Corporate Units of this Global Certificate is [    ]. The following increase or decreases in this Global
Certificate have been made: 

	Amount of increase in

Number of corporate

Units evidenced by the

Global Certificate
	 	Amount of decrease in

Number of Corporate

Units evidenced by the

Global Certificate
	 	Number of Corporate

Units evidenced by this

Global Certificate

following such

decrease or increase
	 	Signature of

authorized Signatory

of Purchase Contract

Agent

	 	 	 	 	 	 	 

79

  

 
 

EXHIBIT 2    
    

 
  FORM OF FACE OF TREASURY UNIT CERTIFICATE    
    

        [IF THIS CERTIFICATE IS TO BE A GLOBAL CERTIFICATE, INSERT:] 

        THIS
CERTIFICATE IS A GLOBAL CERTIFICATE WITHIN THE MEANING OF THE PURCHASE CONTRACT AGREEMENT AND IS REGISTERED IN THE NAME OF A DEPOSITARY OR A NOMINEE THEREOF. THIS CERTIFICATE MAY
NOT BE EXCHANGED IN WHOLE OR IN PART FOR A CERTIFICATE REGISTERED, AND NO TRANSFER OF THIS CERTIFICATE IN WHOLE OR IN PART MAY BE REGISTERED, IN THE NAME OF ANY PERSON OTHER THAN SUCH DEPOSITARY OR A
NOMINEE THEREOF, EXCEPT IN THE LIMITED CIRCUMSTANCES DESCRIBED IN THE PURCHASE CONTRACT AGREEMENT. 

        UNLESS
THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, 55 WATER STREET, NEW YORK, NEW YORK 10004, 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
CEDE & CO., AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF CEDE & CO., ANY TRANSFER, PLEDGE OR OTHER USE HEREOF
FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL BECAUSE THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN. 

No. 1
CUSIP No. [    ] 

Number
of Treasury Units: 0 

 
 

TPG N.V.    
    
    Treasury Units    

        This
Treasury Units Certificate certifies that [Cede & Co.] [    ] is the registered Holder of the number of Treasury
Units set forth above [For inclusion in Global Certificates only—or such other number of Treasury Units as is reflected in the Schedule of Increases or Decreases in Global
Certificate attached to this Treasury Units Certificate], which number shall not exceed [    ]. Each Treasury Unit consists of (i) a 1/40th
undivided beneficial ownership interest of a Treasury Security having a principal amount at maturity equal to $1,000, subject to the Pledge of such Treasury Security by such Holder pursuant to the
Pledge Agreement, and (ii) the rights and obligations of the Holder under one Purchase Contract with TPG N.V. (the Issuer). All capitalized terms
used herein which are defined in the Purchase Contract Agreement (as defined on the reverse hereof) have the meaning set forth therein. 

80

 

        Pursuant
to the Pledge Agreement, the Treasury Securities constituting part of each Treasury Unit evidenced hereby have been pledged to the Collateral Agent, for the benefit of the
Issuer, to secure the obligations of the Holder under the Purchase Contract comprising part of such Treasury Unit. Each Purchase Contract evidenced hereby obligates the Holder of this Treasury Units
Certificate to purchase, and the Issuer, to sell, on    •    (the Purchase Contract Settlement Date), at a price equal
to $    •    (the Stated Amount), a number of    •    (Common
Stock), of the Issuer, equal to the Settlement Rate, unless prior to or on the Purchase Contract Settlement Date there shall have occurred a Termination Event, an Early
Settlement or a Cash Merger Early Settlement with respect to such Purchase Contract, all as provided in the Purchase Contract Agreement and more fully described on the reverse hereof. The purchase
price (the Purchase Price) for the shares of Common Stock purchased pursuant to each Purchase Contract evidenced hereby, if not paid earlier, shall be
paid on the Purchase Contract Settlement Date by application of the proceeds from the Treasury Securities at maturity pledged to secure the obligations of the Holder under such Purchase Contract of
the Treasury Units of which such Purchase Contract is a part. 

        Each
Purchase Contract evidenced hereby obligates the Holder to agree, for United States federal, state and local income and franchise tax purposes, to (i) treat an acquisition of
the Treasury Units as an acquisition of the Treasury Securities and Purchase Contracts constituting the Treasury Units and (ii) treat itself as owner of the applicable interest in the
Collateral Account, including the Treasury Securities. 

        The
Issuer shall pay, on each Payment Date, in respect of each Purchase Contract forming part of a Treasury Unit evidenced hereby, an amount (the Contract
Adjustment Payments) equal to [    ]% per year of the Stated Amount. Such Contract Adjustment Payments shall be payable to the Person in whose
name this Treasury Units Certificate is registered at the close of business on the Record Date for such Payment Date. The Issuer may, at its option, defer such Contract Adjustment Payments. 

        Contract
Adjustment Payments will be payable at the office of the Purchase Contract Agent in New York City. If the book-entry system for the Corporate Units has been
terminated, the Contract Adjustment Payments will be payable, at the option of the Issuer, by check mailed to the address of the Person entitled thereto at such Person's address as it appears on the
Security Register, or by wire transfer to the account designated by such Person by a prior written notice to the Purchase Contract Agent. 

        Reference
is hereby made to the further provisions set forth on the reverse hereof, which further provisions shall for all purposes have the same effect as if set forth at this place. 

        Unless
the certificate of authentication hereon has been executed by the Purchase Contract Agent by manual signature, this Treasury Units Certificate shall not be entitled to any benefit
under the Pledge Agreement or the Purchase Contract Agreement or be valid or obligatory for any purpose. 

81

 

        IN
WITNESS WHEREOF, the Issuer and the Holder specified above have caused this instrument to be duly executed. 

	 	 	TPG N.V.
	

 	
 	

By:	
 	

 
	 	 	 	 	
 Name:

Title:

        HOLDER
SPECIFIED ABOVE (as to obligations of such Holder under the Purchase Contracts) 

	 	 	[•], not individually but solely as Attorney-in-Fact of such Holder
	

 	
 	

By:	
 	

 
	 	 	 	 	
 Authorized Officer
	Dated:	 	 	 	 

 
 

CERTIFICATE OF AUTHENTICATION OF PURCHASE CONTRACT AGENT    
    

        This is one of the Treasury Units referred to in the within-mentioned Purchase Contract Agreement. 

	 	 	[•], as Purchase Contract Agent
	

 	
 	

By:	
 	

 
	 	 	 	 	
 Authorized Officer
	Dated:	 	 	 	 

 
 

REVERSE OF TREASURY UNIT CERTIFICATE    
    

        Each Purchase Contract evidenced hereby is governed by a Purchase Contract Agreement, dated as of [    ], (as such may be
supplemented from time to time, the Purchase Contract Agreement) between the Issuer and
[    •    ], as Purchase Contract Agent (including its successors thereunder, herein called the Purchase Contract
Agent), to which the Purchase Contract Agreement and supplemental agreements thereto reference is hereby made for a description of the respective rights, limitations of rights,
obligations, duties and immunities thereunder of the Purchase Contract Agent, the Issuer and the Holders and of the terms upon which the Treasury Units Certificates are, and are to be, executed and
delivered. 

        Each
Purchase Contract evidenced hereby obligates the Holder of this Treasury Units Certificate to purchase, and the Issuer to sell, on the Purchase Contract Settlement Date at a price
equal to the Stated Amount (the Purchase Price) a number of newly issued shares of Common Stock equal to the Settlement Rate, unless an Early
Settlement, a Cash Merger Early Settlement or a Termination Event with respect to the Units of which such Purchase Contract is a part shall have occurred. The Settlement
Rate is equal to: 

	1.
	if
the Adjusted Applicable Market Value (as defined below) is greater than or equal to $[    ] (the Threshold Appreciation
Price), [    ] shares of Common Stock per Purchase Contract;

	2.
	if
the Adjusted Applicable Market Value is less than the Threshold Appreciation Price but greater than $[    ] (the Reference
Price), the number of shares of Common Stock per Purchase Contact having a value equal to the Stated Amount divided by the Adjusted Applicable Market Value; and 

82

 

	3.
	if
the Adjusted Applicable Market Value is less than or equal to the Reference Price, [    ] shares of Common Stock per Purchase Contract; 

in
each case subject to adjustment as provided in the Purchase Contract Agreement (and in each case rounded upward or downward to the nearest 1/10,000th of a share). 

        No
fractional shares of Common Stock will be issued upon settlement of Purchase Contracts, as provided in Section 5.9 of the Purchase Contract Agreement. 

        Each
Purchase Contract evidenced hereby that is settled through Early Settlement or Cash Merger Early Settlement shall obligate the Holder of the related Treasury Units to purchase at
the Purchase Price, and the Issuer to sell, a number of newly issued shares of Common Stock equal to the Early Settlement Rate (in the case of an Early Settlement) or applicable Settlement Rate (in
the case of a Cash Merger Early Settlement). 

        The
Applicable Market Value means the average of the Closing Prices per share of Common Stock on each of the 20 consecutive Trading Days
ending on the third Trading Day immediately preceding the Purchase Contract Settlement Date, subject to adjustments set forth under Section 5.4 hereof. 

        The
Adjusted Applicable Market Value means (i) prior to any adjustment of the Settlement Rate pursuant to paragraph (i),
(ii), (iii), (iv), (v), (vi), (vii) or (x) of Section 5.4(a) of the Purchase Contract Agreement, the Applicable Market Value, and (ii) at the time of and after any
adjustment of the Settlement Rate pursuant to paragraph (i), (ii), (iii), (iv), (v), (vi), (vii) or (x) of Section 5.4(a) of the Purchase Contract Agreement, the Applicable
Market Value multiplied by a fraction, the numerator of which shall be the Settlement Rate immediately after such adjustment pursuant to paragraph (i), (ii), (iii), (iv), (v), (vi),
(vii) or (x) of Section 5.4(a) of the Purchase Contract Agreement and the denominator of which shall be the Settlement Rate immediately prior to such adjustment; provided,
however, that if such adjustment to the Settlement Rate is required to be made pursuant to the occurrence of any of the events contemplated by paragraph (i), (ii), (iii), (iv), (v), (vi),
(vii) or (x) of Section 5.4(a) of the Purchase Contract Agreement during the period taken into consideration for determining the Applicable Market Value, appropriate and customary
adjustments shall be made to the Settlement Rate. 

        The
Closing Price of the Common Stock on any date of determination means the closing sale price of the Common Stock on Euronext Amsterdam,
or any successor to it, on such date or, if the Common Stock is not listed for trading on Euronext Amsterdam on any such date, the market value of the Common Stock in euro on the date of determination
as determined by an internationally recognized independent investment banking firm retained by the Issuer for this purpose. 

        A
Trading Day means a day on which the Common Stock (1) is not suspended from trading on any national or regional securities
exchange or association or over-the-counter market at the close of business and has traded at least once on the national or regional securities exchange or association or
over-the-counter market that is the primary market for the trading of the Common Stock. 

        In
accordance with the terms of the Purchase Contract Agreement, the Holder of this Treasury Unit shall pay the Purchase Price for the shares of the Common Stock purchased pursuant to
each Purchase Contract evidenced hereby either by effecting a Cash Settlement, an Early Settlement or, if applicable, a Cash Merger Early Settlement of each such Purchase 

        Contract
or by applying a principal amount of the Pledged Treasury Securities underlying such Holder's Treasury Unit equal to the Stated Amount of such Purchase Contract to the purchase
of the Common Stock. A Holder of Treasury Units who on or prior to 5:00 p.m. (New York City time) on the fifth Business Day prior to the Purchase Contract Settlement Date, does not make an
effective Early Settlement shall pay the Purchase Price, less the amount of any Deferred Contract Adjustment Payments payable to such Holder, for the shares of Common Stock to be issued under the
related Purchase Contract from the proceeds of the Pledged Treasury Securities. 

83

 

        The
Issuer shall not be obligated to issue any shares of Common Stock in respect of a Purchase Contract or deliver any certificates therefor to the Holder unless it shall have received
payment of the aggregate purchase price for the shares of Common Stock to be purchased thereunder in the manner set forth in the Purchase Contract Agreement. 

        The
Issuer has the right to defer payment of all or part of the Contract Adjustment Payments in respect of each Purchase Contract until no later than the Purchase Contract Settlement
Date (or in the event of an effective Early Settlement or Cash Merger Early Settlement, the Early Settlement Date or Cash Merger Early Settlement Date, as the case may be) as set forth in the Purchase
Contract Agreement. If the Issuer so elects to defer Contract Adjustment Payments, the Issuer shall pay additional Contract Adjustment Payments on such deferred installments of Contract Adjustment
Payments at a rate equal to [    ]% per annum, compounding on each succeeding Payment Date, until such deferred installments are paid. In the event that the Issuer
elects to defer the payment of Contract Adjustment Payments on the Purchase Contracts until the Purchase Contract Settlement Date (or, in the event of an effective Early Settlement or Cash Merger
Early Settlement, the Early Settlement Date or Cash Merger Early Settlement Date, as the case may be), each Holder will receive on the Purchase Contract Settlement Date, Early Settlement Date or Cash
Merger Early Settlement Date, as applicable, the aggregate amount of Deferred Contract Adjustment Payments to the extent such fees are not deducted from the Settlement Price in the case of a Cash
Settlement or any Early Settlement or Cash Merger Early Settlement as set forth in the Purchase Contract Agreement. 

        The
Purchase Contracts and all obligations and rights of the Issuer and the Holders thereunder, including, without limitation, the rights of the Holders to receive and the obligation of
the Issuer to pay any Contract Adjustment Payments, shall immediately and automatically terminate, without the necessity of any notice or action by any Holder, the Purchase Contract Agent or the
Issuer, if, on or prior to the Purchase Contract Settlement Date, a Termination Event shall have occurred. Upon the occurrence of a Termination Event, the Issuer shall promptly but in no event later
than two Business Days thereafter give written notice to the Purchase Contract Agent, the Collateral Agent and the Holders, at their addresses as they appear in the Security Register. Upon and after
the occurrence of a Termination Event, the Collateral Agent shall release the Pledged Treasury Securities (as defined in the Pledge Agreement) forming a part of each Treasury Unit. A Treasury Unit
shall thereafter represent the right to receive the Proceeds of the Treasury Security forming a part of such Treasury Unit, in accordance with the terms of the Purchase Contract Agreement and the
Pledge Agreement. 

        The
Treasury Units Certificates are issuable only in registered form and only in denominations of a single Treasury Unit and any integral multiple thereof. The transfer of any Treasury
Units Certificate will be registered and Treasury Units Certificates may be exchanged as provided in the Purchase Contract Agreement. The Security Registrar may require a Holder, among other things,
to furnish appropriate endorsements and transfer documents permitted by the Purchase Contract Agreement. No service charge shall be required for any such registration of transfer or exchange, but the
Issuer and the Purchase Contract Agent may require payment of a sum sufficient to cover any tax or other governmental charge payable in connection therewith. A Holder who elects to substitute Notes,
for Treasury Securities, thereby recreating Corporate Units, shall be responsible for any fees or expenses associated therewith. Except as provided in the Purchase Contract Agreement, for so long as
the Purchase Contract underlying a Treasury Unit remains in effect, such Treasury Unit shall not be separable into its constituent parts, and the rights and obligations of the Holder of such Treasury
Unit in respect of the Treasury Security and the Purchase Contract constituting such Treasury Unit may be transferred and exchanged only as a Treasury Unit. 

84

 

        A
Holder of Treasury Units may recreate, at any time prior to 5:00 p.m. (New York City time) on the fifth Business Day immediately preceding the Purchase Contract Settlement Date,
Corporate Units by delivering to the Securities Intermediary Notes with an aggregate principal amount, equal to the aggregate principal amount at maturity of the Pledged Treasury Securities in
exchange for the release of such Pledged Treasury Securities in accordance with the terms of the Purchase Contract Agreement and the Pledge Agreement. From and after such substitution, the Holder's
Units shall be referred to as a Corporate Unit. Any such creation of Corporate Units may be effected only in multiples of 40 Treasury Units for 40
Corporate Units. 

        The
Issuer shall pay, on each Payment Date, the Contract Adjustment Payments payable in respect of each Purchase Contract to the Person in whose name the Treasury Units Certificate
evidencing such Purchase Contract is registered at the close of business on the Record Date for such Payment Date. Contract Adjustment Payments will be payable at the office of the Purchase Contract
Agent in New York City or, at the option of the Holder, by check mailed to the address of the Person entitled thereto at such address as it appears on the Security Register. 

        The
Purchase Contracts and all obligations and rights of the Issuer and the Holders thereunder, including, without limitation, the rights of the Holders to receive and the obligation of
the Issuer to pay any Contract Adjustment Payments, shall immediately and automatically terminate, without the necessity of any notice or action by any Holder, the Purchase Contract Agent or the
Issuer, if, on or prior to the Purchase Contract Settlement Date, a Termination Event shall have occurred. Upon the occurrence of a Termination Event, the Issuer shall promptly but in no event later
than two Business Days thereafter give written notice to the Purchase Contract Agent, the Collateral Agent and the Holders, at their addresses as they appear in the Security Register. Upon and after
the occurrence of a Termination Event, the Collateral Agent shall release the Treasury Securities from the Pledge in accordance with the provisions of the Pledge Agreement. A Treasury Unit shall
thereafter represent the right to receive the interest in the Treasury Security forming a part of such Treasury Unit, in accordance with the terms of the Purchase Contract Agreement and the Pledge
Agreement. 

        Subject
to and upon compliance with the provisions of the Purchase Contract Agreement, at the option of the Holder thereof, Purchase Contracts underlying Units may be settled early
(Early Settlement) as provided in the Purchase Contract Agreement. In order to exercise the right to effect Early Settlement with respect to any
Purchase Contract evidenced by this Certificate, the Holder of this Treasury Units Certificate shall deliver to the Purchase Contract Agent at the Corporate Trust Office an Election to Settle Early
form set forth below duly completed and accompanied by payment in the form of immediately available funds payable to the order of the Issuer in an amount (the Early Settlement
Amount) equal to: 

	(ii)
	the
sum of (A) the product of (i) the Stated Amount times the number of Purchase Contracts with respect to which the Holder has elected to effect Early
Settlement, plus (B) if such delivery is made with respect to any Purchase Contracts during the period from the close of business on any Record Date next preceding any Payment Date to the
opening of business on such Payment Date, an amount equal to the Contract Adjustment Payments (including any Deferred Contract Adjustment Payments) payable on such Payment Date with respect to such
Purchase Contracts. 

        Upon
Early Settlement of Purchase Contracts by a Holder of the related Units, the Pledged Treasury Securities underlying such Units shall be released from the Pledge as provided in the
Pledge Agreement and the Holder shall be entitled to receive a number of shares of Common Stock on account of each Purchase Contract forming part of a Treasury Unit as to which Early Settlement is
effected equal to [    ] shares of Common Stock per Purchase Contract (the Early Settlement Rate). The Early
Settlement Rate shall be adjusted in the same manner and at the same time as the Settlement Rate is adjusted as provided in Section 5.4 of the Purchase Contract Agreement. 

85

 

        Upon
the occurrence of a Cash Merger, a Holder of Treasury Units may effect Cash Merger Early Settlement of the Purchase Contract underlying such Treasury Units pursuant to the terms of
Section 5.4(b)(ii) of the Purchase Contract Agreement. Upon Cash Merger Early Settlement of Purchase Contracts by a Holder of the related Treasury Units, the Pledged Treasury Securities
underlying such Treasury Units shall be released from the Pledge as provided in the Pledge Agreement. 

        Upon
registration of transfer of this Treasury Units Certificate, the transferee shall be bound (without the necessity of any other action on the part of such transferee, except as may
be required by the Purchase Contract Agent pursuant to the Purchase Contract Agreement), under the terms of the Purchase Contract Agreement and the Purchase Contracts evidenced hereby and the
transferor shall be released from the obligations under the Purchase Contracts evidenced by this Treasury Units Certificate. The Issuer covenants and agrees, and the Holder, by its acceptance hereof,
likewise covenants and agrees, to be bound by the provisions of this paragraph. 

        The
Holder of this Treasury Units Certificate, by its acceptance hereof, authorizes the Purchase Contract Agent to enter into and perform the related Purchase Contracts forming part of
the Treasury Units evidenced hereby on its behalf as its attorney-in-fact, expressly withholds any consent to the assumption (i.e., affirmance) of the Purchase Contracts by the
Issuer or its trustee in the event that the Issuer becomes the debtor under the Bankruptcy Code or subject to other similar state or Federal law providing for reorganization or liquidation, agrees to
be bound by the terms and provisions thereof, covenants and agrees to perform its obligations under such Purchase Contracts, consents to the provisions of the Purchase Contract Agreement, authorizes
the Purchase Contract Agent to enter into and perform the Purchase Contract Agreement and the Pledge Agreement on its behalf as its attorney-in-fact, and consents to the Pledge
of the Treasury Securities underlying this Treasury Units Certificate pursuant to the Pledge Agreement. The Holder further covenants and agrees, that, to the extent and in the manner provided in the
Purchase Contract Agreement and the Pledge Agreement, but subject to the terms thereof, payments in respect to the aggregate principal amount of the Pledged Treasury Securities on the Purchase
Contract Settlement Date shall be paid by the Collateral Agent to the Issuer in satisfaction of such Holder's obligations under such Purchase Contract and such Holder shall acquire no right, title or
interest in such payments. 

        Subject
to certain exceptions, the provisions of the Purchase Contract Agreement may be amended with the consent of the Holders of a majority of the Purchase Contracts. 

        The
Purchase Contracts shall for all purposes be governed by, and construed in accordance with, the laws of the State of New York, without giving effect to the conflicts of law
provisions thereof. 

        Prior
to due presentment of this Certificate for registration or transfer, the Issuer, the Purchase Contract Agent and its Affiliates and any agent of the Issuer or the Purchase Contract
Agent may treat the Person in whose name this Treasury Units Certificate is registered as the owner of the Treasury Units evidenced hereby for the purpose of receiving payments of interest on the
Treasury Securities, receiving payments of Contract Adjustment Payments (subject to any applicable record date), performance of the Purchase Contracts and for all other purposes whatsoever, whether or
not any payments in respect thereof be overdue and notwithstanding any notice to the contrary, and neither the Issuer, the Purchase Contract Agent nor any such agent shall be affected by notice to the
contrary. 

        The
Purchase Contracts shall not, prior to the settlement thereof, entitle the Holder to any of the rights of a holder of shares of Common Stock. 

        A
copy of the Purchase Contract Agreement is available for inspection at the offices of the Purchase Contract Agent. 

86

 
 
 

ABBREVIATIONS    
    

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

TEN
COM: as tenants in common 

	UNIF GIFT MIN ACT:	 	 	 	Custodian	 	 	 	 
	 	 	
 (cust)	 	 	 	
 (minor)
	

 	
 	

 	
 	

Under Uniform Gifts to Minors Act of	
 	

 
	 	 	 	 	 	 	 	 	

        TENANT:
as tenants by the entireties 

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

        FOR
VALUE RECEIVED, the undersigned hereby sell(s), assign(s) and transfer(s) unto 

(Please
insert Social Security or Taxpayer I.D. or other Identifying Number of Assignee) 

(Please
Print or Type Name and Address Including Postal Zip Code of Assignee) 

the
within Treasury Units Certificates and all rights thereunder, hereby irrevocably constituting and appointing [    ] attorney to transfer said Treasury Units
Certificates on the books of TPG N.V., with full power of substitution in the premises. 

	Dated:	 	 	 	Signature:	 	 
	 	 	
	 	 	 	

	

 	
 	

 	
 	

NOTICE: The signature to this assignment must correspond with the name as it appears upon the face of the within Corporate Units Certificates in every particular, without alteration or enlargement or any change whatsoever.
	

 	
 	

 	
 	

Signature Guarantee:
	

 	
 	

 	
 	

 (if assigned to another person)

87

 
 
 

SETTLEMENT INSTRUCTIONS    
    

        The undersigned Holder directs that a certificate for shares of Common Stock deliverable upon settlement on or after the Purchase Contract Settlement Date of the
Purchase Contracts underlying the number of Treasury Units evidenced by this Treasury Units Certificate be registered in the name of, and delivered, together with a check in payment for any fractional
share, to the undersigned at the address indicated below unless a different name and address have been indicated below. If shares are to be registered in the name of a Person other than the
undersigned, the undersigned will pay any transfer tax payable incident thereto. 

	Dated:	 	 	 	Signature:	 	 
	 	 	
	 	 	 	

	

 	
 	

 	
 	

Signature Guarantee:
	

 	
 	

 	
 	

 (if assigned to another person)

If
shares are to be registered in the name of and delivered to a Person other than the Holder, please (i) print such Person's name and address and (ii) provide a guarantee of your
signature: 

REGISTERED
HOLDER 

Please
print name and address of Registered Holder: 

	 	 	Name:	 	 
	 	 	 	 	

	

 	
 	

Address:
	

 	
 	

Name:	
 	

 
	 	 	 	 	

	

 	
 	

Address:
	

 	
 	

Social Security or other Taxpayer Identification Number,
	 	 	if any:	 	 
	 	 	 	 	

88

 
 
 

ELECTION TO SETTLE EARLY/CASH MERGER EARLY SETTLEMENT    
    

        The undersigned Holder of this Treasury Units Certificate hereby irrevocably exercises the option to effect [Early Settlement]
[Cash Merger Early Settlement upon a Cash Merger] in accordance with the terms of the Purchase Contract Agreement with respect to the Purchase Contracts underlying the number
of Treasury Units evidenced by this Treasury Units Certificate specified below. The option to effect [Early Settlement] [Cash Merger Early Settlement]
may be exercised only with respect to Purchase Contracts underlying Treasury Units with an aggregate Stated Amount equal to    •    or an integral multiple thereof.
The undersigned Holder directs that a certificate for shares of Common Stock or other securities deliverable upon such [Early Settlement] [Cash Merger Early
Settlement] be registered in the name of, and delivered, together with a check in payment for any fractional share and any Treasury Units Certificate representing any Treasury Units
evidenced hereby as to which Cash Merger Early Settlement of the related Purchase Contracts is not effected, to the undersigned at the address indicated below unless a different name and address have
been indicated below. Pledged Treasury Securities deliverable upon such [Early Settlement] [Cash Merger Early Settlement] will be transferred in
accordance with the transfer instructions set forth below. If shares are to be registered in the name of a Person other than the undersigned, the undersigned will pay any transfer tax payable incident
thereto. 

	Dated:	 	 	 	Signature:	 	 
	 	 	
	 	 	 	

	

 	
 	

 	
 	

Signature Guarantee:
	

 	
 	

 	
 	

        Number
of Units evidenced hereby as to which [Early Settlement] [Cash Merger Early Settlement] of the related Purchase Contracts is being
elected: 

        If
shares of Common Stock or Treasury Units Certificates are to be registered in the name of and delivered to and Pledged Treasury Securities are to be transferred to a Person other than
the Holder, please print such Person's name and address: 

REGISTERED
HOLDER 

Please
print name and address of Registered Holder: 

	 	 	Name:	 	 
	 	 	 	 	

	

 	
 	

Address:
	

 	
 	

Name:	
 	

 
	 	 	 	 	

	

 	
 	

Address:
	

 	
 	

Social Security or other Taxpayer Identification Number,
	 	 	if any:	 	 
	 	 	 	 	

        Transfer
Instructions for Pledged Treasury Securities Transferable upon [Early Settlement] [Cash Merger Early Settlement] or a Termination
Event: 

89

 
[To be Attached to Global Certificates]  

 
  SCHEDULE OF INCREASES OR DECREASES IN GLOBAL CERTIFICATE    
    

        The initial number of Treasury Units of this Global Certificate is 0. The following increases or decreases in this Global Certificate have been made: 

	Amount of increase in

Number of Treasury

Units evidenced by the

Global Certificate
	 	Amount of decrease in

Number of Treasury

Units evidenced by the

Global Certificate
	 	Number of Treasury

Units evidenced by this

Global Certificate

following such

decrease or increase
	 	Signature of

authorized Signatory

of Purchase Contract

Agent

90

  

 
 

EXHIBIT 3    
    

 
 

INSTRUCTION TO PURCHASE CONTRACT AGENT    
    

        [    •    ]

The Purchase Contract Agent

[    ]

Fax: [    ]

Attn: Corporate Trust Division 

	Re:
	[[    ]
Corporate Units] [[    ] Treasury Units] of TPG N.V. (the  Issuer) 

        The
undersigned Holder hereby notifies you that it has delivered to [    •    ], as Securities Intermediary, for credit to the
Collateral Account, $[    ] aggregate principal amount of [Notes] [Treasury Securities] in exchange for the
[Pledged Notes] [Pledged Treasury Securities] held in the Collateral Account, in accordance with the Pledge Agreement, dated as of
[    ] (the Pledge Agreement; unless otherwise defined herein, terms defined in the Pledge Agreement are used herein
as defined therein), between you, the Issuer, the Collateral Agent, the Custodial Agent and the Securities Intermediary. The undersigned Holder has paid all applicable fees and expenses relating to
such exchange. The undersigned Holder hereby instructs you to instruct the Collateral Agent to release to you on behalf of the undersigned Holder the [Pledged Notes]
[Pledged Treasury Securities] related to such [Corporate Units] [Treasury Units]. 

	Dated:	 	Signature:	    

	

 	
 	

Signature Guarantee:
	

 	
 	

    

	

Please print name and address of Registered Holder:	
 	

 	

 
	

 	
 	

Name:	

    

	

 	
 	

Address:	

 
	

 

	
 	

 	

 
	

 	
 	

Name:	

    

	

 	
 	

Address:	

 
	

 	
 	

Social Security or other Taxpayer Identification Number,
	

 	
 	

if any:	

    

91

 
 
 

EXHIBIT 4    
    

 
 

NOTICE FROM PURCHASE CONTRACT AGENT TO HOLDERS    
    
    (Transfer of Collateral upon Occurrence of a Termination Event)    
    

[HOLDER]

Attention:

Telecopy: 

	Re:
	[[    ]
Corporate Units] [[    ] Treasury Units] of TPG N.V. (the  Issuer) 

        Please
refer to the Purchase Contract Agreement, dated as of [    ] (the Purchase Contract Agreement;
unless otherwise defined herein, terms defined in the Purchase Contract Agreement are used herein as defined therein), between the Issuer and the undersigned, as Purchase Contract Agent and as
attorney-in-fact for the holders of Corporate Units and Treasury Units from time to time. 

        We
hereby notify you that a Termination Event has occurred and that [the Notes] [the Treasury Securities] compromising a portion of your
ownership interest in [    ] [Corporate Units] [Treasury Units] have been released and are being held by us for your
account pending receipt of transfer instructions with respect to such [Notes][Treasury Securities] (the Released
Securities). 

        Pursuant
to Section 3.15 of the Purchase Contract Agreement, we hereby request written transfer instructions with respect to the Released Securities. Upon receipt of your
instructions and upon transfer to us of your [Corporate Units][Treasury Units] effected through book-entry or by delivery to us of your
[Corporate Units Certificate][Treasury Units Certificate], we shall transfer the Released Securities by book-entry transfer or other
appropriate procedures, in accordance with your instructions. In the event you fail to effect such transfer or delivery, the Released Securities and any distributions thereon, shall be held in our
name, or a nominee in trust for your benefit, until such time as such [Corporate Units][Treasury Units] are transferred or your [Corporate
Units Certificate] [Treasury Units Certificate] is surrendered or satisfactory evidence is provided that such [Corporate Units
Certificate][Treasury Units Certificate] has been destroyed, lost or stolen, together with any indemnification that we or the Issuer may require. 

	Date:	 	By:	[•], as the Purchase Contract Agent
	

 	
 	

Name:	

    
 Title: Authorized Signatory

92

 
 
 

EXHIBIT 5    
    

 
 

NOTICE TO SETTLE BY CASH    
    

[    •    ]

[    ]

Fax: [    ]

Attn: Corporate Trust Division 

	Re:
	[    ]
Corporate Units of TPG N.V. (the Issuer) 

        The
undersigned Holder hereby irrevocably notifies you in accordance with Section 5.2 of the Purchase Contract Agreement, dated as of [    ] (the  Purchase Contract Agreement; unless
otherwise defined herein, terms defined in the Purchase Contract Agreement are used herein as defined therein),
between the Issuer and you, as Purchase Contract Agent and as Attorney-in-Fact for the Holders of the Purchase Contracts, that such Holder has elected to pay to the Securities
Intermediary for deposit in the Collateral Account, prior to or on 5:00 p.m. (New York City time) on the fourth Business Day immediately preceding the Purchase Contract Settlement Date (in
lawful money of the United States by certified or cashiers' check or wire transfer, in immediately available funds), $[    ] as the Purchase Price for the shares of
Common Stock issuable to such Holder by the Issuer with respect to [    ] Purchase Contracts on the Purchase Contract Settlement Date. The undersigned Holder hereby
instructs you to notify promptly the Collateral Agent of the undersigned Holder's election to make such Cash Settlement with respect to the Purchase Contracts related to such Holder's Corporate Units. 

	Dated:	 	Signature:	    

	

 	
 	

Signature Guarantee:

    

Please print name and address of Registered Holder: 

93

 
 
 

EXHIBIT 6    
    

 
 

NOTICE FROM PURCHASE CONTRACT AGENT TO COLLATERAL AGENT    
    
    (Settlement of Purchase Contract through Remarketing)    
    

[    •    ]

The Collateral Agent

[    ]

Fax: [    ]

Attn: Corporate Trust Division 

	Re:
	[    ]
Corporate Units of TPG N.V. (the Issuer) 

        Please
refer to the Purchase Contract Agreement, dated as of [    ] (the Purchase Contract Agreement;
unless otherwise defined herein, terms defined in the Purchase Contract Agreement are used herein as defined therein), between the Issuer and the
undersigned, as Purchase Contract Agent and as attorney-in-fact for the Holders of Corporate Units from time to time. 

        In
accordance with Section 5.2 of the Purchase Contract Agreement and, based on notices of [Early Settlements][Cash Settlements]
received from Holders of Corporate Units as of 5:00 p.m. (New York City time), on the fifth Business Day immediately preceding the [    ] Remarketing Date, we
hereby notify you that an aggregate principal amount of $[    ] Notes is to be tendered for purchase in the Remarketing. 

	Date:	 	By:	[•], as the Purchase Contract Agent
	

 	
 	

Name:	

    
 Title: Authorized Signatory

94

  

 
 

EXHIBIT 7    
    

 
 

FORM OF PURCHASE CONTRACT CONTEMPLATING SALE BY TPG N.V.    
    

[Insert
Designation of Purchase Contracts] 

PURCHASE
CONTRACT 

between

[ ]

and

or
registered assigns,

as holder hereunder (the Holder) 

        All
capitalized terms used but not defined herein that are defined in the Purchase Contract Agreement (described below) have the meanings set forth therein or in the applicable Issuer
Order, and if not defined therein, have the meaning set forth below. 

        Purchase
Contract Property: 

        Quantity:

        Purchase
Price: 

        Purchase
Contract Settlement Date: 

        Date
of Payment of Purchase Price, if different from Purchase Contract Settlement Date: 

        Payment
Location: 

        Method
of Settlement: 

        Currency
of Settlement Payment: 

        Authorized
Number of Purchase Contracts: 

        Aggregate
Purchase Price: 

        Aggregate
Quantity of Purchase Contract Property: 

        Contract
Fees: 

        Issuers'
Acceleration: 

        Holders'
Acceleration: 

        Redemption
Provisions: 

        Other
Terms: 

        Subject
to the conditions hereinafter set forth, the Holder agrees to purchase and the Issuer agrees to sell, subject to the terms of the Purchase Contract Agreement referred to below
and as set forth herein, on the Settlement Date, the Aggregate Quantity of Purchase Contract Property, for the Purchase Price. The Purchase Contract(s) evidenced hereby shall not entitle the Holder to
purchase the Purchase Contract Property prior to the Settlement Date. 

        The
Purchase Price for the Purchase Contract Property purchased pursuant to the Purchase Contracts evidenced hereby shall be payable at the Payment Location on the Settlement Date
pursuant to the Method of Settlement in the Currency of Settlement Payment. 

95

 

        Each
Purchase Contract evidenced hereby is one of a duly authorized issue of not more than the Authorized Number of Purchase Contracts of the Issuer relating to the purchase by holders
of not more than the Aggregate Quantity of Purchase Contract Property issued under the Purchase Contract Agreement, dated as of    •    (the  Purchase Contract
Agreement), among the Issuer, [    ], as Agent (the  Agent) and the Holders from time to time of Purchase Contracts, to which Purchase Contract Agreement and
supplemental agreements thereto reference is
hereby made for a description of the respective rights, limitations of rights, obligations, duties and immunities thereunder of the Agent, the Issuer and the Holders and of the terms upon which the
Purchase Contracts are, and are to be, executed, countersigned, executed on behalf of the Holder and delivered. 

        The
Agent may require a Holder, among other things, to furnish appropriate endorsements and transfer documents in connection with any transfer or exchange of each Purchase Contract
evidenced hereby. No service charge shall be required for any such registration of transfer or exchange, but the Issuer and the Agent may require payment of a sum sufficient to cover any tax or other
governmental charge imposed in connection with any registration of transfer or exchange of Purchase Contracts. 

        Upon
registration of transfer of this Purchase Contract, the transferee shall be bound (without the necessity of any other action on the part of such transferee, except as may be
required by the Agent pursuant to the Purchase Contract Agreement), under the terms of the Purchase Contract Agreement and the Purchase Contracts evidenced hereby and the transferor shall be released
from the obligations under the Purchase Contracts hereby. The Issuer covenants and agrees, and the Holder, by his acceptance hereof, likewise covenants and agrees, to be bound by the provisions of
this paragraph. 

        The
extent to which, and the terms upon which, any cash or other property (other than the Purchase Contract Property) is payable or deliverable with respect to the Purchase Contracts
evidenced hereby is described above under Contract Fees. The extent to which, and the terms upon which, the Issuer may accelerate the obligations of the
Issuer and the Holders of the Purchase Contracts evidenced hereby is described above under "Issuers' Acceleration". The extent to which, and the terms upon which, the Holders of such Purchase
Contracts may accelerate the obligations of the Issuer and the Holders of the Purchase Contracts is described above under "Holders' Acceleration". The extent to which, and the terms upon which, the
Issuer may redeem the Purchase Contracts evidenced hereby is described above under Redemption Provisions. 

        Subject
to certain exceptions, the terms of the Purchase Contracts and the provisions of the Purchase Contract Agreement may be amended with the consent of the Holders of not less than a
majority of the affected outstanding Purchase Contracts and certain Purchase Contract Defaults may be waived with the consent of the Holders of a majority of the affected outstanding Purchase
Contracts. Without the consent of any Holder of Purchase Contracts, the terms of the Purchase Contract Agreement the Purchase Contracts may be amended to, among other things, cure any ambiguity, to
correct or supplement any provision in the Purchase Contract Agreement or Purchase Contract, to add to covenants of the Issuer or Agent or to make any other provisions with respect to matters or
questions arising under the Purchase Contract Agreement or the Purchase Contracts that do not adversely affect the interests of the Holders in any material respect. 

        Holders
of the Purchase Contracts may not enforce the Purchase Contract Agreement or such Purchase Contracts except as provided in the Purchase Contract Agreement. 

        Any
incorporator, or past, present or future stockholder, officer, attorney-in-fact or director, as such, of the Issuer or of any successor corporation shall not
have any liability for any obligations of the Issuer under the Purchase Contracts or the Purchase Contract Agreement or for any claim based on, with respect to or by reason of such obligations or
their creation. The Holder by his acceptance hereof waives and releases all such liability. The waiver and release are part of the consideration for the issue of the Purchase Contracts. 

        The
Purchase Contracts shall for all purposes be governed by, and construed in accordance with, the laws of the State of New York. 

96

 

        Prior
to due presentment of a Purchase Contract for registration of transfer, the Issuer, the Agent, and any agent of the Issuer or the Agent, may treat the Person in whose name this
Purchase Contract is registered as a party to the Purchase Contracts evidenced hereby for the purpose of performance of such Purchase Contracts and for all other purposes whatsoever, and neither the
Issuer, nor the Agent, shall be affected by notice to the contrary. 

        The
Holder, by his acceptance hereof, authorizes the Agent to execute the Purchase Contracts evidenced hereby on his behalf, authorizes and directs the Agent on his behalf to take such
other action, and covenants and agrees to take such other action, as may be necessary or appropriate, or as may be required by the Agent, to effectuate the provisions of the Purchase Contract
Agreement relating to the purchase of the Purchase Contract Property appoints the agent as his attorney-in-fact for any and all such purposes, and agrees to be bound by the
terms thereof. 

        The
Purchase Contracts shall not, prior to the performance thereof, entitle the Holder to any of the rights of a holder of the Purchase Contract Property. 

        No
Purchase Contract evidenced hereby shall be valid or obligatory for any purpose until countersigned and executed on behalf of the Holder by the Agent, pursuant to the Purchase
Contract Agreement. 

97

 
 
 

SIGNATORIES    
    

        IN WITNESS WHEREOF, the parties to this Purchase Contract have cause this instrument to be duly executed. 

	

 	
 	
TPG N.V.
	

 	
 	

By:	
 	

    
 Name:

Title:
	

 	
 	
HOLDER SPECIFIED ABOVE
	

 	
 	

[            ], not individually but solely as attorney-in-fact of such Holder
	

 	
 	

By:	
 	

    
 Name:

Title:

AGENT'S CERTIFICATE OF AUTHENTICATION  

        This is one of the Certificates of Purchase Contracts referred to in the within-mentioned Purchase Contract Agreement. 

	

[            ], as Purchase Contract Agent	
 	

 	
 	

 
	

 	
 	

By:	
 	

    
 Name:

Title:

98

 
 
 

SCHEDULE A    
    

 
 

SETTLEMENT INSTRUCTIONS    
    

        The undersigned Holder directs that a certificate for the Purchase Contract Property deliverable upon settlement on or after the Purchase Contract Settlement Date
of the Purchase Contracts be registered in the name of, and delivered to the undersigned at the address indicated below unless a different name and address have been indicated below. If the Purchase
Contract Property is to be registered in the name of a Person other than the undersigned, the undersigned will pay any transfer tax payable incident thereto. 

Dated:

Signature 

Signature
Guarantee: 

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

	If the Purchase Contract Property is to be registered in the name of and delivered to Person other than the Holder, please print such Person's name and address:	 	REGISTERED HOLDER
	

 	
 	

Please print name and address of Registered Holder:
	

Name	
 	

Name
	

Address	
 	

Address
	

Social Security or other Taxpayer Identification Number, if any	
 	

 
	

    
	
 	

 

99

 
 
 

SCHEDULE B    
    

 
 

ELECTION TO SETTLE EARLY    
    

        The undersigned Holder of this Certificate hereby irrevocably exercises the option to effect Early Settlement in accordance with the terms of the Purchase
Contract Agreement with respect to the Purchase Contracts specified below. The undersigned Holder directs that the Purchase Contract Property deliverable upon such Early Settlement be registered in
the name of, and delivered to the undersigned at the address indicated below unless a different name and address have been indicated below. If the Purchase Contract Property are to be registered in
the name of a Person other than the undersigned, the undersigned will pay any transfer tax payable incident thereto. 

Dated: 

Signature 

Signature
Guarantee: 

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

        Number
of Securities evidenced hereby as to which Early Settlement of the related Purchase Contracts is being elected: 

	If the Purchase Contract Property is to be registered in the name of and delivered to a Person other than the Holder, please print such Person's name and address:	 	REGISTERED HOLDER
	

Please print name and address of Registered Holder:	
 	

 
	

Name	
 	

Name
	

Address	
 	

Address
	

Social Security or other Taxpayer Identification Number, if any	
 	

 
	

    
	
 	

 

100

QuickLinks

Exhibit 4.6

FORM OF PURCHASE CONTRACT AGREEMENT

CONTENTS

PURCHASE CONTRACT AGREEMENT

SIGNATORIES

EXHIBIT 1

FORM OF FACE OF CORPORATE UNIT CERTIFICATE

TPG N.V.

CERTIFICATE OF AUTHENTICATION OF PURCHASE CONTRACT AGENT

FORM OF REVERSE OF CORPORATE UNIT CERTIFICATE

ABBREVIATIONS

SETTLEMENT INSTRUCTIONS

ELECTION TO SETTLE EARLY/CASH MERGER EARLY SETTLEMENT

SCHEDULE OF INCREASES OR DECREASES IN GLOBAL CERTIFICATE

EXHIBIT 2

FORM OF FACE OF TREASURY UNIT CERTIFICATE

TPG N.V. Treasury Units

CERTIFICATE OF AUTHENTICATION OF PURCHASE CONTRACT AGENT

REVERSE OF TREASURY UNIT CERTIFICATE

ABBREVIATIONS

SETTLEMENT INSTRUCTIONS

ELECTION TO SETTLE EARLY/CASH MERGER EARLY SETTLEMENT

SCHEDULE OF INCREASES OR DECREASES IN GLOBAL CERTIFICATE

EXHIBIT 3

INSTRUCTION TO PURCHASE CONTRACT AGENT

EXHIBIT 4

NOTICE FROM PURCHASE CONTRACT AGENT TO HOLDERS (Transfer of Collateral upon Occurrence of a Termination Event)

EXHIBIT 5

NOTICE TO SETTLE BY CASH

EXHIBIT 6

NOTICE FROM PURCHASE CONTRACT AGENT TO COLLATERAL AGENT (Settlement of Purchase Contract through Remarketing)

EXHIBIT 7

FORM OF PURCHASE CONTRACT CONTEMPLATING SALE BY TPG N.V.

SIGNATORIES

SCHEDULE A

SETTLEMENT INSTRUCTIONS

SCHEDULE B

ELECTION TO SETTLE EARLYQuickLinks
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Exhibit 4.7    
    

 
 

FORM OF  
    
    UNIT AGREEMENT  
    
  

DATED [    •    ]  

 TPG N.V.,  

    •    ,

as Agent,  

    •    ,

as Trustee under the Indenture referred to herein,  

     •    ,

as Warrant Agent under the Warrant Agreement referred to herein,  

 and  

     •    ,

as Purchase Contract Agent under the

Purchase Contract Agreement

referred to herein  

  

 
 

CONTENTS    
    

	Section
	 	 
	 	 
	 	Page

	1.	 	DEFINITIONS AND OTHER PROVISIONS OF GENERAL APPLICATION	 	3
	 	 	1.1	 	Definitions	 	3
	2.	 	Appointment of Unit Agent	 	6
	3.	 	UNITS	 	6
	 	 	3.1	 	Forms Generally	 	6
	 	 	3.2	 	Form of Certificate of Authentication and Countersignature	 	7
	 	 	3.3	 	Units	 	7
	 	 	3.4	 	Denominations	 	7
	 	 	3.5	 	Rights and Obligations Evidenced by the Units	 	7
	 	 	3.6	 	Execution, Authentication, Delivery and Dating	 	8
	 	 	3.7	 	Registration of Transfer and Exchange	 	8
	 	 	3.8	 	Mutilated, Destroyed, Lost or Stolen Unit Certificates	 	8
	 	 	3.9	 	Persons Deemed Owners	 	9
	 	 	3.10	 	Cancellation	 	10
	 	 	3.11	 	Exchange of Global Units and Definitive Units	 	10
	4.	 	AUTOMATIC SEPARATION OF UNITS; TERMINATION OF UNIT AGREEMENT	 	10
	 	 	4.1	 	Automatic Separation of Units; Termination of Unit Agreement	 	10
	 	 	4.2	 	Effect of Termination	 	11
	5.	 	OTHER PROVISIONS RELATING TO RIGHTS OF HOLDERS OF UNITS	 	11
	 	 	5.1	 	Holder May Enforce Rights	 	11
	6.	 	THE AGENT	 	11
	 	 	6.1	 	Certain Duties and Responsibilities	 	11
	 	 	6.2	 	Certain Rights of Agent	 	12
	 	 	6.3	 	May Hold Units	 	12
	 	 	6.4	 	Compensation and Reimbursement	 	12
	 	 	6.5	 	Corporate Agent Required; Eligibility	 	13
	 	 	6.6	 	Resignation and Removal; Appointment of Successor	 	13
	 	 	6.7	 	Acceptance of Appointment by Successor	 	14
	 	 	6.8	 	Merger, Conversion, Consolidation or Succession to Business	 	14
	 	 	6.9	 	Tax Compliance	 	15
	7.	 	CONSOLIDATION, MERGER, CONVEYANCE, Transfer or Lease	 	15
	 	 	7.1	 	Covenant Not to Consolidate, Merge, Convey, Transfer or Lease Except Under Certain Terms	 	15
	 	 	7.2	 	Rights and Duties of Successor Corporation	 	16
	 	 	7.3	 	Opinion of Counsel to Agent	 	16
	8.	 	MISCELLANEOUS PROVISIONS	 	16
	 	 	8.1	 	Amendments	 	16
	 	 	8.2	 	Incorporators, Stockholders, Officers and Directors of TPG Immune from Liability	 	17
	 	 	8.3	 	Compliance Certificates and Opinions	 	17
	 	 	8.4	 	Form of Documents Delivered to Agent	 	18
	 	 	8.5	 	Maintenance of Office or Agency	 	18
	 	 	8.6	 	Acts of Holders	 	19
	 	 	8.7	 	Notices to Holders; Waiver	 	19
	 	 	8.8	 	Notices	 	20
	 	 	 	 	 	 	 

i

 

	 	 	8.9	 	Effect of Headings and Table of Contents	 	20
	 	 	8.10	 	Successors and Assigns	 	20
	 	 	8.11	 	Separability Section	 	20
	 	 	8.12	 	Benefits of Agreement	 	20
	 	 	8.13	 	Governing Law	 	20
	 	 	8.14	 	Counterparts	 	21
	 	 	8.15	 	Inspection of Agreement	 	21
	
Schedule
	
 	

 
	
 	

 
	
 	

 

	1.	 	FORM OF UNIT CERTIFICATE	 	23

ii

  

 
 

UNIT AGREEMENT    
    

Dated
as of    •    , 

AMONG:  

	(1)
	TPG N.V., a limited liability public company incorporated under the laws of the Netherlands
(TPG),

	(2)
	•    ,
acting solely as unit agent under this Agreement (in its capacity as unit agent, the Agent,
except to the extent that this Agreement specifically states that the Agent is acting in another capacity),

	(3)
	•    ,
as trustee under the Indenture described below (in its capacity as trustee under the Indenture described below, the  Trustee),

	(4)
	•    ,
as purchase contract agent under the Purchase Contract Agreement described below (in its capacity as the purchase contract agent under the
Purchase Contract Agreement described below, the Purchase Contract Agent), and

	(5)
	•    ,
as warrant agent under the Warrant Agreement described below (in its capacity as warrant agent under the Warrant Agreement described below,
the Warrant Agent). 

WHEREAS  

	(A)
	TPG
has entered into an Indenture dated as of    •    between TPG and    •    , as Trustee (the  Indenture),

	(B)
	TPG
has entered into a Purchase Contract Agreement dated as of    •    between TPG and    •    , as Purchase
Contract Agent (the Purchase Contract Agreement);

	(C)
	TPG
has entered into a Warrant Agreement dated as of    •    between TPG and    •    , as Warrant Agent (the  Warrant
Agreement);

	(D)
	TPG
desires to provide for the issuance of units (the Units) consisting of one or more Ordinary Shares, Notes, Warrants and/or Purchase
Contracts, each as defined below, or any combination thereof; and

	(E)
	TPG
desires the Agent to act on behalf of TPG, and the Agent is willing so to act, in connection with the issuance and exercise of Units and the registration, transfer, exchange and
replacement of Unit Certificates (Unit Certificates) and other matters as provided herein. 

NOW,
THEREFORE, for due and adequate consideration, the parties hereto hereby agree as follows: 

1.     DEFINITIONS AND OTHER PROVISIONS OF GENERAL APPLICATION  

1.1   Definitions  

For
all purposes of this Agreement, except as otherwise expressly provided or unless the context otherwise requires: 

	(a)
	the
terms defined in this Section have the meanings assigned to them in this Section and include the plural as well as the singular;

	(b)
	all
accounting terms not otherwise defined herein have the meanings assigned to them in accordance with generally accepted accounting principles in the Netherlands in effect at the
time of any computation; and

	(c)
	the
words herein, hereof and hereunder
and other words of similar import refer to this Agreement as a whole and not to any particular Section or other subdivision. 

3

 

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

Agent means the Person named as the Agent in the first paragraph of this Agreement until a successor
Agent shall have become such pursuant to the applicable provisions of this Agreement, and thereafter Agent shall mean such successor Person. 

Agreement means this instrument as originally executed or as it may from time to time be supplemented or amended by one or more agreements supplemental
hereto entered into pursuant to the applicable provisions hereof. 

American Depositary Share or ADS means an American Depositary Share representing one ordinary share on deposit with Citibank, N.A., as the depositary
bank pursuant to the Deposit Agreement dated as of June 15, 1998 among TPG, Citibank, N.A., as the depositary bank, and the holders and beneficial owners of American Depositary Receipts issued
thereunder. 

Automatic Separation Date has the meaning specified in Section 4.1. 

Board of Directors means the Supervisory Board, Executive Board or any committee duly authorized to act on its behalf with respect to this Agreement. 

Board Resolution means one or more resolutions certified by the Secretary or an Assistant Secretary of TPG to have been duly adopted or consented to by
the Board of Directors and to be in full force and effect on the date of such certification and delivered to the Agent. 

Corporate Trust Office means the office of the Agent at which at any particular time its corporate trust business shall be principally administered,
which office at the date hereof is located at    •    . 

Definitive, when used in connection with a Security, shall refer to the definitive form for that Security. 

Definitive Security means any Security in definitive form. 

Definitive Unit means any Unit comprised of Definitive Securities. 

Definitive Unit Certificate means a Certificate for a Definitive Unit. 

Depositary means DTC or any successor as the Holder of any Global Units. 

DTC means The Depository Trust Company or its nominee. 

Exchange Act means the United States Securities Exchange Act of 1934, as amended. 

Global, when used in connection with a Security, shall refer to the global form of that Security. 

Global Security means any Security in global form. 

Global Unit means any Unit that comprises the Global Securities and is represented by a Global Unit Certificate. 

Global Unit Certificate means a Certificate in registered form for a Global Unit. 

Holder means, in the case of any Security or Unit, the Person in whose name such Security or the Securities constituting a part of such Unit are
registered on the relevant Security Register. 

Indenture has the meaning specified in the first recital in this Agreement. 

4

 

Issuer Order means a written statement, request or order of TPG signed in its name by any one of the following: the chairman of the Board of Directors,
the chief executive officer, a vice chairman of the Board of Directors, the chief financial officer or the treasurer or any other person certified by any of the foregoing officers in an Officer's
Certificate to be an executive officer of TPG or authorized by the Board of Directors to execute any such written statement, request or order and delivered to the Agent. 

Note means a note issued pursuant to the Indenture. 

Officer's Certificate means a certificate signed by the chairman of the Board of Directors, the chief executive officer, a vice chairman of the Board of
Directors, the chief financial officer or the treasurer of TPG (or any other officer identified by any of the foregoing officers in an Officers' Certificate to be an executive officer of TPG) and the
secretary, an assistant secretary or the controller of TPG and delivered to the Agent. 

Opinion of Counsel means an opinion in writing signed by legal counsel, who may be an employee of or counsel to TPG and who shall otherwise be
reasonably satisfactory to the Agent. 

Ordinary Share means an ordinary share of TPG in the form of an ordinary share or American Depositary Shares. 

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

Purchase Contract means a purchase contract issued pursuant to the Purchase Contract Agreement. 

Purchase Contract Agent means the Person named as the Purchase Contract Agent in the first paragraph of
this Agreement until a successor Purchase Contract Agent shall have become such pursuant to the applicable provisions of this Agreement, and thereafter Purchase Contract
Agent shall mean such successor Person. 

Purchase Contract Agreement has the meaning stated in the second recital of this Agreement. 

Responsible Officer with respect to the Agent means the chairman of the Board of Directors, any vice chairman of the board of directors, the chairman of
the trust committee, the chairman of the executive committee, any vice chairman of the executive committee, the president, any vice president, the cashier, the secretary, the treasurer, any trust
officer, any assistant trust officer, any assistant vice president, any assistant cashier, any assistant secretary, any assistant treasurer, or any other officer or assistant officer of the Trustee
customarily performing functions similar to those performed by the persons who at the time shall be such officers, respectively, or to whom any corporate trust matter is referred because of his
knowledge of and familiarity with the particular subject. 

Security means any security comprising a Unit, which may include Ordinary Shares, Notes, Purchase Contracts or Warrants. 

Security Agents means the Trustee, the Warrant Agent and the Purchase Contract Agent. 

Security Agreements means the Indenture, the Warrant Agent Agreement and the Purchase Contract Agreement. 

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

Unit has the meaning stated in the fourth recital to this Agreement. 

Unit Certificate has the meaning stated in the fifth recital of this Agreement. 

5

 

Unit Register has the meaning specified in Section 3.7. 

Warrant means a warrant issued pursuant to the Warrant Agreement. 

Warrant Agent means the Person named as the Warrant Agent in the first paragraph of this Agreement until
a successor Warrant Agent shall have become such pursuant to the applicable provisions of this Agreement, and thereafter Warrant Agent shall mean such
successor Person. 

Warrant Agreement has the meaning stated in the third recital of this Agreement. 

2.     APPOINTMENT OF UNIT AGENT  

TPG
hereby appoints the Agent to act as agent for TPG in accordance with the instructions set forth in this Agreement, and the Agent hereby accepts such appointment. 

3.     UNITS  

3.1   Forms Generally  

	(a)
	The
Unit Certificates shall be substantially in the form of Exhibit 1 or in such form (not inconsistent with Agreement) as shall be established by or pursuant to one or more
Board Resolutions (as set forth in a Board Resolution or, to the extent established pursuant to rather than set forth in a Board Resolution, in an Officer's Certificate detailing such establishment).
The Unit Certificates may have imprinted or otherwise reproduced thereon such letters, numbers or other marks of identification or designation and such legends or endorsements as the officers of TPG
executing the Securities constituting a part thereof may approve (execution thereof to be conclusive evidence of such approval) and that are not inconsistent with the provisions of this Agreement, or
as may be required to comply with any law or with any rule or regulation made pursuant thereto, or with any rule or regulation of any self-regulatory organization on which the Units may be
listed or quoted or of any securities depository or to conform to general usage.

	(b)
	The
Unit Certificates shall be printed, lithographed or engraved on steel engraved borders or may be produced in any other manner, all as determined by the officers executing such
Unit Certificates, as evidenced by their execution of the Securities constituting a part of the Units evidenced by such Unit Certificates.

	(c)
	The
Units may be issued initially as Global Units in fully registered form or as Definitive Units. A beneficial interest in a Global Unit may not be exchanged for a Definitive Unit,
except as provided in Section 3.11. For any issuance of Units, TPG shall execute, and each of the applicable Security Agents shall, in accordance with Section 3.6, authenticate and
countersign, as appropriate, and deliver one or more Unit Certificates (comprised of its constituent Securities) that shall evidence all of the Units issued. 

The
Definitive Unit Certificates shall be produced in any manner as determined by the officers of TPG executing the Units evidenced by such Definitive Unit Certificates, consistent with the provisions
of this Agreement, as evidenced by their execution thereof. 

Every
Global Unit Certificate authenticated and executed on behalf of the Holders shall be registered in the name of the Depositary, delivered by the Agent to the Depositary or pursuant to such
Depositary's instructions and shall bear a legend substantially to the following effect: "Unless and until it is exchanged in whole or in part for Units in definitive registered form, this Unit
Certificate may not be transferred except as a whole by the Depositary to the nominee of the Depositary or by a nominee of the Depositary to the Depositary or another nominee of the Depositary or by
the Depositary or any such nominee to a successor Depositary or a nominee of such successor Depositary." 

6

 

	(d)
	No
failure on the part of TPG or the Agent or any of their respective agents to exercise, and no course of dealing with respect to, and no delay in exercising, any right, power or
remedy hereunder shall operate as a waiver thereof; nor shall any single or partial exercise by TPG or the Agent or any of their respective agents of any right, power or remedy hereunder preclude any
other or further exercise thereof or the exercise of any other right, power or remedy. The remedies herein are cumulative and are not exclusive of any remedies provided by law. 

3.2   Form of Certificate of Authentication and Countersignature  

The
form of each Security Agent's certificate of authentication or countersignature, as applicable, of the Securities constituting a part of the Unit, shall be substantially in such form as set forth
in the applicable Security Agreements. 

3.3   Units  

	(a)
	The
Units may be issued in one or more series. They shall be issued upon the order of TPG (contained in an Issuer Order) or pursuant to such procedures acceptable to the Agent as may
be specified from time to time by an Issuer Order, prior to the initial issuance of Units of any series. The Issuer Order shall specify:

	(i)
	the
designation of the Units of the series, which shall distinguish the Units of the series from the Units of all other series;

	(ii)
	any
limit upon the aggregate number of Units of the series that may be authenticated and delivered under this Agreement (disregarding any Units authenticated and
delivered upon registration of transfer of, or in exchange for, or in lieu of, other Units of the series pursuant to Section 3.7, 3.8 or 3.11);

	(iii)
	the
designation of the Securities constituting a part of the Units of the series;

	(iv)
	whether
and on what terms any Securities constituting a part of the Units of the series may be separated from the Units of the series and the other Securities
constituting a part of such Units;

	(v)
	whether
the Units are to be issuable as Global Units or as Definitive Units;

	(vi)
	any
other events of default or covenants with respect to the Units of such series; and

	(vii)
	any
other terms of the series (which terms shall not be inconsistent with the provisions of this Agreement). 

All
Units of a series need not be issued at the same time, and may be issued from time to time, in a manner consistent with the terms of this Agreement, if so provided by or pursuant to such Board
Resolution or other such Issuer Order. 

	(b)
	The
aggregate number of Units that may be authenticated, countersigned and delivered under this Agreement is unlimited. 

3.4   Denominations  

Units
shall be issuable only in denominations of a single Unit or any integral multiple thereof. 

3.5   Rights and Obligations Evidenced by the Units  

A
unit shall evidence the number or amount of each type of constituent Securities specified on the face of the Unit Certificate representing a Definitive Unit or in Schedule A to a Unit
Certificate representing Global Units. 

7

 

3.6   Execution, Authentication, Delivery and Dating  

Upon
the execution and delivery of this Agreement, and from time to time thereafter, TPG may deliver Unit Certificates (including the Securities executed by TPG constituting the Units evidenced by
such Unit Certificates) to the applicable Security Agents for authentication and countersignature, as the case may be, of the Securities comprised by such Units, together with its Issuer Orders for
authentication and countersignature of such Securities, and each applicable Security Agent in accordance with the applicable Security Agreement and Issuer Order shall authenticate and countersign the
Securities constituting a part of the Units evidenced by such Unit Certificates. 

Notes
constituting part of a Unit shall be executed on behalf of TPG in accordance with the terms of the Indenture. Purchase Contracts constituting part of a Unit shall be executed on behalf of TPG in
accordance with the terms of the Purchase Contract Agreement. Warrants constituting part of a Unit shall be executed on behalf of TPG in accordance with the terms of the Warrant Agreement. 

3.7   Registration of Transfer and Exchange  

At
the option of the Holder thereof, Units may be transferred or exchanged for a Unit or Units having authorized denominations evidencing the number of Units transferred or exchanged, upon surrender
of such Units to be so transferred or exchanged at the Corporate Trust Office of the Agent upon payment, if TPG shall so require, of the charges hereinafter provided. Whenever any Units are so
surrendered for transfer or exchange, TPG shall execute, and each of the Security Agents, as appropriate, shall authenticate and/or countersign, and the Agent shall deliver the Units that the Holder
making the transfer or exchange is entitled to receive. All Units (including the Securities constituting part of such Units) surrendered upon any exchange or transfer provided for in this Agreement
shall be promptly canceled and disposed of in accordance with Section 3.10. 

Each
Unit Certificate delivered upon any registration of transfer or exchange of a Unit Certificate shall evidence the ownership of its constituent Securities and shall be entitled to the same
benefits, and be subject to the same obligations, under each of the Security Agreements and this Agreement as the Units evidenced by the Unit Certificate surrendered upon such registration of transfer
or exchange. 

Every
Unit Certificate presented or surrendered for registration of transfer or for exchange shall (if so required by TPG or the Agent) be duly endorsed, or be accompanied by a written instrument of
transfer in form satisfactory to TPG and the Agent, duly executed by the Holder thereof or his attorney duly authorized in writing. Except as otherwise provided herein, the Agent shall register the
transfer or exchange of any outstanding Unit Certificate upon the records to be maintained by it for that purpose (the Unit Register) at its Corporate
Trust Office. 

No
service charge shall be made for any transfer or exchange of a Unit, but TPG and the Agent may require payment from the Holder of a sum sufficient to cover any tax or other governmental charge that
may be imposed in connection with any registration of transfer or exchange of Units. 

3.8   Mutilated, Destroyed, Lost or Stolen Unit Certificates  

If
any mutilated Unit Certificate is surrendered to the Agent, TPG shall execute and deliver to each of the Security Agents, as appropriate, and each of the Security Agents shall authenticate,
countersign and deliver, as appropriate, in exchange therefor new Securities comprised by Units of like tenor and evidenced by a new Unit Certificate evidencing the same number of Units and bearing a
number not contemporaneously outstanding. 

8

 

If
there shall be delivered to TPG, the Agent and each applicable Security Agent (a) evidence to their satisfaction of the destruction, loss or theft of a Unit Certificate and (b) such
security or indemnity as may be required by them to hold each of them and any agent of any of them harmless, then, in the absence of notice to TPG and each applicable Security Agent that such Unit
Certificate has been acquired by a bona fide purchaser, TPG shall execute and deliver to each applicable Security Agent and/or the Agent, as appropriate, and each applicable Security Agent (in
accordance with each applicable Security Agreement) shall authenticate and countersign, and the Agent shall deliver to the Holder, as appropriate, in lieu of such destroyed, lost or stolen Unit
Certificate, new Securities comprised by Units of like tenor and evidenced by a new Unit Certificate evidencing the same number of Units and bearing a number not contemporaneously outstanding. 

Upon
the issuance of a new Unit Certificate pursuant to this Section, TPG and the Agent may require the payment of a sum sufficient to cover any tax or other governmental charge that may be imposed in
relation thereto and any other expenses (including the fees and expenses of the Agent) connected therewith. 

Every
new Unit Certificate executed pursuant to this Section in lieu of any destroyed, lost or stolen Unit Certificate shall constitute an original additional contractual obligation of TPG, whether or
not the destroyed, lost or stolen Unit Certificate (and the Securities evidenced thereby) shall be at any time enforceable by anyone, and shall be entitled to all the benefits of this Agreement
equally and proportionately with any and all other Unit Certificates delivered hereunder. 

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

3.9   Persons Deemed Owners  

Prior
to due presentment of a Unit Certificate for registration of transfer, TPG, each applicable Security Agent, the Agent and any agent of any of TPG, any applicable Security Agent or the Agent may
treat the Person in whose name any Security evidenced by such Unit Certificate is registered as the owner of the Units evidenced thereby for all purposes whatsoever, whether or not payment with
respect to any Security constituting a part of the Units evidenced thereby shall be overdue and notwithstanding any notice to the contrary. None of TPG, the Security Agents, the Agent or any agent of
any of TPG, any Security Agent or the Agent shall be affected by notice to the contrary. 

9

  

3.10 Cancellation  

All
Unit Certificates surrendered for registration of transfer or exchange shall, if surrendered to any Person other than each applicable Security Agent and/or the Agent, as appropriate, be delivered
to each applicable Security Agent and/or the Agent, as appropriate, and, if not already canceled, the constituent Securities evidenced by such Units shall be promptly canceled by each applicable
Security Agent and/or the Agent, as appropriate. TPG may at any time deliver to each applicable Security Agent and/or the Agent, as appropriate, for cancellation any Unit Certificates previously
authenticated, countersigned and delivered hereunder, under each applicable Security Agreement, which TPG may have acquired in any manner whatsoever, and all Unit Certificates so delivered shall, upon
Issuer Order of TPG, be promptly canceled by each applicable Security Agent and/or the Agent, as appropriate. No Unit Certificates shall be authenticated, countersigned and executed in lieu of or in
exchange for any Unit Certificates canceled as provided in this Section, except as permitted by this Agreement. All canceled Unit Certificates held by the Agent shall be disposed of in accordance with
its customary procedures and a certificate of their disposition shall be delivered by the Agent to TPG, unless by Issuer Order TPG shall direct that canceled Unit Certificates be returned to it. 

If
TPG or any Affiliate of TPG shall acquire any Unit Certificate, such acquisition shall not operate as a cancellation of such Unit Certificate unless and until such Unit Certificate is delivered to
each applicable Security Agent and/or the Agent, as appropriate, for the purpose of cancellation. 

3.11 Exchange of Global Units and Definitive Units  

Holders
of Global Units shall receive Definitive Units in exchange for interests in such Global Units if DTC notifies TPG that it is unwilling or unable to continue as Depositary with respect to the
Global Units or if at any time it ceases to be a clearing agency under the Exchange Act, and a successor Depositary registered as a clearing agency under the Exchange Act is not appointed by the
Issuers within 90 days after receipt of such notice or after it becomes aware that DTC has ceased to be such a clearing agency. 

Definitive
Units exchanged for interests in Global Units pursuant to this Section 3.11 shall be denominated in the amounts and registered in the name of such Person or Persons as the Depositary
shall instruct the Agent and each of the Security Agents, as appropriate. 

Whenever
Global Units are exchanged for Definitive Units the Agent shall cause Schedule A of the Global Unit to be endorsed to reflect any decrease in the Global Units as a result of such
exchange, whereupon the Global Unit Certificate or Certificates shall be canceled and disposed of in accordance with Section 3.10. 

Prior
to an issuance of Unit Certificates, TPG shall deliver to the Agent an Issuer Order containing the designation and terms of the applicable Units. 

4.     AUTOMATIC SEPARATION OF UNITS; TERMINATION OF UNIT AGREEMENT  

4.1   Automatic Separation of Units; Termination of Unit Agreement  

Prior
to any automatic separation date, which, for each Unit, shall be specified by TPG in the Issuer Order authorizing such Unit (hereinafter referred to as Automatic
Separation Date), the constituent Securities shall be purchased, exchanged and transferred only as Units. On the Automatic Separation Date designated for a Unit, such Unit
shall automatically separate into its constituent Securities, and the Unit will cease to exist. On the Automatic Separation Date for a Unit, the Holder of such a Unit shall become the owner of its
constituent Securities, which may thereafter be transferred as separate securities. Immediately upon the separation of a Unit into its constituent Securities, this Agreement shall terminate with
respect to such Unit. 

10

 

4.2   Effect of Termination  

If
this Agreement is terminated as provided in Section 4.1, such termination shall be without liability of any party to any other party to this Agreement with respect to the terminated Unit and
the obligations of TPG with respect to the Unit shall automatically cease upon the Automatic Separation Date and the Holder shall not have any claims with respect to the Unit, provided that the
provisions of Section 6.5 shall survive the termination hereof pursuant to Section 4.1 and provided, further, that the provisions of this Section shall not limit the ability of the
Holder to enforce its rights in accordance with the proviso in Section 5.1. 

5.     OTHER PROVISIONS RELATING TO RIGHTS OF HOLDERS OF UNITS  

5.1   Holder May Enforce Rights  

Any
Holder of a Unit may, without the consent of the Agent, the Depositary, any participant of the Depositary or any other Holder, in and for its own behalf, enforce, and may institute and maintain,
any suit, action or proceeding against TPG suitable to enforce, or otherwise in respect of, its rights under this Agreement; provided that a Holder of a Unit may only enforce its rights under the
Securities comprised by such Unit in accordance with the terms of each of the Security Agreements, as applicable. 

6.     THE AGENT  

6.1   Certain Duties and Responsibilities  

	(a)
	The
Agent undertakes to perform such duties and only such duties as are specifically set forth in this Agreement.

	(b)
	No
provision of this Agreement shall be construed to relieve the Agent from liability for its own negligent action, its own negligent failure to act, or its own wilful misconduct,
except that

	(i)
	the
duties and obligations of the Agent with respect to the Units shall be determined solely by the express provisions of this Agreement and the Agent shall not be
liable except for the performance of such duties and obligations as are specifically set forth in this Agreement, and no implied covenants or obligations shall be read into this Agreement against the
Agent; and

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

	(c)
	The
Agent shall not be liable for any error of judgment made in good faith by a Responsible Officer of the Agent, unless it shall be proved that the Agent was negligent in
ascertaining the pertinent facts.

	(d)
	No
provision of this Agreement shall require the Agent 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.

	(e)
	Whether
or not therein expressly so provided, every provision of this Agreement relating to the conduct or affecting the liability of or affording protection to the Agent shall be
subject to the provisions of this Section. 

11

 
	(f)
	The
Agent is acting solely as agent for TPG hereunder and owes no fiduciary duties to any person by virtue of this Agreement. 

6.2   Certain Rights of Agent  

Subject
to the provisions of Section 6.1: 

	(a)
	the
Agent may rely and shall be protected in acting or refraining from acting upon any resolution, certificate, statement, instrument, opinion, report, notice, request, direction,
consent, order, bond, debenture, note, coupon, security or other paper or 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 TPG mentioned herein shall be sufficiently evidenced by an Officer's Certificate or Issuer Order and any resolution of the Board of
Directors of TPG, as the case may be, may be sufficiently evidenced by a Board Resolution;

	(c)
	the
Agent may consult with counsel and the written advice of such counsel or any Opinion of Counsel shall be full and complete authorization and protection with respect to any action
taken, suffered or omitted by it hereunder in good faith and in reliance thereon in accordance with such advice or Opinion of Counsel;

	(d)
	the
Agent 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, appraisal, bond, debenture, note, coupon, security or other paper or document, but the Agent, in its discretion, may make reasonable further inquiry or investigation into
such facts or matters related to the issuance of the constituent Securities, as the case may be;

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

	(f)
	the
Agent shall not be liable for any action taken or omitted by it in good faith and believed by it to be authorized or within the discretion, rights or powers conferred upon it by
this Agreement. 

6.3   May Hold Units  

The
Agent, each of the Security Agents, or any other agent of TPG, each of the Security Agents, or the Agent, in its individual or any other capacity, may become the owner or pledgee of Units and may
otherwise deal with TPG and receive, collect, hold and retain collections from TPG with the same rights it would have if it were not such other agent, each of the Security Agents or the Agent. 

6.4   Compensation and Reimbursement  

TPG
agrees: 

	(a)
	to
pay to the Agent from time to time reasonable compensation for all services rendered by it hereunder;

	(b)
	except
as otherwise expressly provided herein, to reimburse the Agent and any predecessor Agent upon its request for all reasonable expenses, disbursements and advances incurred or
made by the Agent in accordance with any provision of this Agreement (including the reasonable compensation and the expenses and disbursements of its agents and counsel), except any such expense,
disbursement or advance as may be attributable to its negligence or bad faith; and 

12

 

	(c)
	to
indemnify the Agent and any predecessor Agent for, and to hold it harmless against, any loss, liability or expense incurred without negligence or bad faith on its part, arising out
of or in connection with the acceptance or administration of this Agreement and its duties hereunder, including the costs and expenses of defending itself against or investigating any claim of
liability in connection with the exercise or performance of any of its powers or duties hereunder. 

The
obligations of TPG under this Section to compensate and indemnify the Agent and any predecessor Agent and to pay or reimburse the Agent and any predecessor Agent for expenses, disbursements and
advances shall survive the resignation or removal of such Agent or predecessor Agent or the termination hereof. 

6.5   Corporate Agent Required; Eligibility  

There
shall at all times be an Agent hereunder which shall be a corporation organized and doing business under the laws of the United States of America, any State thereof or the District of Columbia,
having, together with its parent, a combined capital and surplus of at least $50,000,000, subject to supervision or examination by Federal, State or District of Columbia authority and willing to act
on reasonable terms. If such corporation, or its parent, 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, the combined capital and surplus of such corporation shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition
so published. The Agent hereunder shall at all times be each of the Security Agents under each of the Security Agreements, subject to receipt of an opinion of Counsel that the same Person is precluded
by law from acting in such capacities. If at any time the Agent shall cease to be eligible in accordance with the provisions of this Section, it shall resign immediately in the manner and with the
effect hereinafter specified in this Section. The Agent may appoint one or more sub-agents with offices or agencies in a city or cities outside the United States. 

6.6   Resignation and Removal; Appointment of Successor  

	(a)
	No
resignation or removal of the Agent and no appointment of a successor Agent pursuant to this Section shall become effective until the acceptance of appointment by the successor
Agent in accordance with the applicable requirements of Section 6.8.

	(b)
	The
Agent may resign by giving written notice thereof to TPG and the Holders, in accordance with Section 8.6 and Section 8.7, 90 days prior to the effective date
of such resignation. If TPG shall fail to appoint a successor to the Agent within a period of 90 days after it has been so notified in writing by the Agent or by the registered holder of a Unit
Certificate, then the registered holder of any Unit Certificate may apply to any court of competent jurisdiction for the appointment of a successor to the Agent. Pending appointment of a successor to
the Agent, either by TPG or by such a court, the duties of the Agent shall be carried out by TPG.

	(c)
	The
Agent may be removed at any time by the filing with it of an instrument in writing signed on behalf of TPG and specifying such removal and the date when the removal is intended to
become effective.

	(d)
	If
at any time:

	(i)
	the
Agent shall cease to be eligible under Section 6.6, or shall cease to be eligible as Security Agents under any of the Security Agreements, and shall fail to
resign after written request therefor by TPG or by any Holder; or

	(ii)
	the
Agent shall become incapable of acting with respect to the Units or shall be adjudged as bankrupt or insolvent, or a receiver or liquidator of the Agent or of its
property shall be appointed or any public officer shall take charge or control of the Agent or of its property or affairs for the purpose of rehabilitation, conservation or liquidation, 

13

 

then,
in any such case, any Holder who has been a bona fide Holder of a Unit for at least six months may, on behalf of himself and all others similarly situated, petition any court of competent
jurisdiction for the removal of the Agent and the appointment of a successor Agent or Agents. Such court may thereupon, after such notice, if any, as it may deem proper and prescribe, remove the Agent
and appoint a successor Agent. 

	(e)
	If
the Agent shall resign, be removed or become incapable of acting, or if a vacancy shall occur in the office of Agent for any cause, TPG, by Board Resolution, shall promptly appoint
a successor Agent or Agents (other than TPG) and shall comply with the applicable requirements of Section 6.8. If no successor Agent shall have been so appointed by TPG and accepted appointment
in the manner required by Section 6.8, any Holder who has been a bona fide Holder of a Unit for at least six months may, on behalf of himself and all others similarly situated, petition any
court of competent jurisdiction for the appointment of a successor Agent.

	(f)
	TPG
shall give, or shall cause such successor Agent to give, notice of each resignation and each removal of the Agent and each appointment of a successor Agent to all Holders of Units
in accordance with Section 8.7. Each notice shall include the name of the successor Agent and the address of its Corporate Trust Office. 

6.7   Acceptance of Appointment by Successor  

	(a)
	In
case of the appointment hereunder of a successor Agent, every such successor Agent so appointed shall execute, acknowledge and deliver to TPG and to the retiring Agent an
instrument accepting such appointment, and thereupon the resignation or removal of the retiring Agent shall become effective and such successor Agent, without any further act, deed or conveyance,
shall become vested with all the rights, powers, agencies and duties of the retiring Agent, with like effect as if originally named as Agent hereunder; but, on the request of TPG or the successor
Agent, such retiring Agent shall, upon payment of all amounts due and payable to it pursuant to Section 6.5, execute and deliver an instrument transferring to such successor Agent all the
rights and powers of the retiring Agent and shall duly assign, transfer and deliver to such successor Agent all property and money held by such retiring Agent hereunder.

	(b)
	Upon
request of any such successor Agent, TPG shall execute any and all instruments for more fully and certainly vesting in and confirming to such successor Agent all such rights,
powers and agencies referred to in paragraph (a) of this Section.

	(c)
	No
successor Agent shall accept its appointment unless at the time of such acceptance such successor Agent shall be eligible under this Agreement.

	(d)
	Upon
acceptance of appointment by any successor Agent as provided in this Section, TPG shall give notice thereof to the Holders of Units in accordance with Section 8.7. If the
acceptance of appointment is substantially contemporaneous with the resignation of the Agent, then the notice called for by the preceding sentence may be combined with the notice called for by
Section 6.7. If TPG fails to give such notice within 10 days after acceptance of appointment by the successor Agent, the successor Agent shall cause such notice to be given at TPG's
expense. 

6.8   Merger, Conversion, Consolidation or Succession to Business  

Any
corporation into which the Agent may be merged or converted or with which it may be consolidated, or any corporation resulting from any merger, conversion or consolidation to which the Agent shall
be a party, or any corporation succeeding to all or substantially all the agency business of the Agent, shall be the successor of the Agent hereunder, without the execution or filing of any paper or
any further act on the part of any of the parties hereto, provided that such corporation shall be otherwise eligible under this Section. 

14

 

6.9   Tax Compliance  

	(a)
	The
Agent on its own behalf and on behalf of TPG, will comply with all applicable certification, information reporting and withholding (including "backup" withholding) requirements
imposed by applicable U.S. Federal and State tax laws, regulations or administrative practice (i) with respect to payments on, or transfer or redemption of the constituent Securities and
(ii) if specifically instructed by TPG, with respect to the issuance, delivery, holding, or exercise of rights (other than by payment, transfer or redemption) under the constituent Securities.
Such compliance shall include, without limitation, the preparation and timely filing of required returns with respect to, and the timely payment of, all amounts required to be withheld to the
appropriate taxing authority or its designated agent. TPG will provide to the Agent such information as it may reasonably request in order to comply with this Section.

	(b)
	The
Agent shall comply with any direction received from TPG with respect to the application of such requirements to particular payments or holders or in other particular
circumstances, and may for purposes of this Agreement rely on any such direction in accordance with the provisions of Section 6.10(a) hereof.

	(c)
	The
Agent shall maintain all appropriate records documenting compliance with such requirements, and shall make such records available on request at reasonable times during normal
business hours to TPG and its authorized representatives duly authorized in writing.

	(d)
	Unless
otherwise specified pursuant to Section 3.3, the portion of the issue price of any Units of any series consisting of Notes and other Securities allocable to such Notes
shall equal the portion of the issue price that is in the same proportion to such issue price as the fair market value of such Notes bears to the aggregate fair market value of such Notes and other
Securities, taken as a whole. TPG and the Holders agree not to file any tax returns, or take a position with any tax authority, that is inconsistent with the characterization of the Notes as debt.

	(e)
	Unless
otherwise specified pursuant to Section 3.3, TPG by the issuance and sale of any Unit and any Holder of a Unit by his acceptance thereof agree to (in the absence of any
applicable administrative ruling or judicial determination to the contrary) treat the Securities that constitute any Unit as separate securities and to file all U.S. Federal, State and local tax
returns consistent with the treatment of such Unit as constituted by separate securities. 

7.     CONSOLIDATION, MERGER, CONVEYANCE, TRANSFER OR LEASE  

7.1   Covenant Not to Consolidate, Merge, Convey, Transfer or Lease Except Under Certain Terms  

TPG
covenants that it will not consolidate, merge with any other Person, convey, transfer or lease all or substantially all of its properties and assets substantially as an entirety to any Person,
unless (i) TPG shall be the continuing corporation, or the successor corporation (if other than TPG) shall expressly assume the due and punctual performance and observance of all of the
covenants and conditions of this Agreement to be performed by TPG by supplemental agreement in form satisfactory to the Agent executed and delivered to the Agent by such corporation,
(ii) neither TPG nor such successor corporation immediately after such transaction shall be in default in the performance of any such covenant or condition and (iii) TPG and the
successor corporation have delivered to the Agent an Officers' Certificate and an Opinion of Counsel each stating that such consolidation, merger, conveyance, transfer or lease comply with this
Section and that all conditions precedent herein provided for relating to such transaction have been satisfied. 

15

 

7.2   Rights and Duties of Successor Corporation  

In
case of any such consolidation, merger, conveyance, transfer or lease of the properties and assets of TPG substantially as an entirety in accordance with Section 7.1, the successor Person
formed by such consolidation or into which TPG is merged or the successor Person to which such conveyance, transfer or lease is made shall succeed to and be substituted for, and may exercise every
right and power of, TPG under the Unit Certificates and this Agreement with the same effect as if such successor had been named as TPG herein; and thereafter, except in the case of a lease, TPG shall
be discharged of all obligations and covenants under this Agreement and the Unit Certicates. Such successor corporation thereupon may cause to be signed, and may issue (subject to the provisions of
each of the Security Agreements), any or all of the constituent Securities issuable hereunder which theretofore shall not have been signed by TPG and delivered to the Agent; and, upon the order of
such successor corporation, instead of TPG, and subject to all the terms, conditions and limitations in this Agreement prescribed, each of the Security Agents and the Agent shall authenticate,
countersign and deliver, as applicable, any constituent Securities that previously shall have been signed and delivered by the officers of TPG each of the Security Agents for authentication and
countersignature, and any constituent Securities evidencing Units which such successor corporation thereafter shall cause to be signed and delivered to each of the Security Agents. 

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

7.3   Opinion of Counsel to Agent  

The
Agent subject to Sections 6.1 and 6.2 may receive an Opinion of Counsel as conclusive evidence that any such consolidation, merger, conveyance, transfer or lease, and any such assumption,
comply with the provisions of this Section. 

8.     MISCELLANEOUS PROVISIONS  

8.1   Amendments  

	(a)
	This
Agreement and the terms of the Units may be amended (by means of an agreement supplemental hereto or otherwise) by TPG and the Agent, without the consent of the Holders,
(i) for the purpose of curing any ambiguity, or of curing, correcting or supplementing any defective or inconsistent provision contained herein or therein, (ii) to evidence and provide
for the acceptance of appointment hereunder by a successor Agent with respect to the Units, (iii) in any other manner which TPG may deem necessary or desirable and which will not adversely
affect the interests of the affected Holders or (iv) to comply with the United States Securities Act of 1933, as amended, the Exchange Act or the United States Investment Company Act of 1940,
as amended.

	(b)
	TPG
and the Agent may modify or amend this Agreement (by means of an agreement supplemental hereto or otherwise) with the consent of Holders holding not less than a majority in number
of the then outstanding Units for any purpose; provided, however, that no such modification or amendment that materially and adversely affects the rights of the affected Holders or reduces the
percentage of the number of outstanding Units, the consent of the Holders of which is required for modification or amendment of this Agreement, may be made without the consent of each Holder affected
thereby. In the case of Units evidenced by one or more Global Unit Certificates, TPG and the Agent shall be entitled to rely upon certification in form satisfactory to each of them that any requisite
consent has been obtained from holders of beneficial ownership interests in the relevant Global Unit Certificate. Such certification may be provided by participants of the Depositary acting on behalf
of such beneficial owners of Units, provided that any such certification is accompanied by a certification from the Depositary as to the Unit holdings of such participants. 

16

 
	(c)
	Upon
the request of TPG, accompanied by a copy of a Board Resolution (which Board Resolution may provide general terms or parameters for such action and may provide that the specific
terms of such action may be determined in accordance with or pursuant to an Officer's Certificate) authorizing the execution of any such amendment, and upon the filing with the Agent of evidence of
any required consent of Holders as aforesaid, the Agent shall join with TPG in the execution of such amendment unless such amendment affects the Agent's own rights, duties or immunities under this
Agreement or otherwise, in which case the Agent may in its discretion, but shall not be obligated to, enter into such amendment. In executing, or accepting the additional duties created by, any
amendment permitted by this Section, the Agent shall be entitled to receive, and shall be fully protected in relying upon, an opinion of Counsel stating that the execution of such amendment is
authorized or permitted by this Agreement. The fact and date of the execution of any consent of Holders, or the authority of the Person executing the same, may be proved in any manner which the Agent
(with the approval of TPG) deems sufficient.

	(d)
	To
the extent that the consent of the Holders is required, it shall not be necessary for the consent of the Holders under this Section to approve the particular form of any proposed
amendment, but it shall be sufficient if such consent shall approve the substance thereof.

	(e)
	TPG
may, but shall not be obligated to, set a record date for purposes of determining the identity of Holders of Units entitled to consent to any action by consent authorized or
permitted hereby. If any record date is set pursuant to this paragraph, the Holders of the outstanding Units on such record date, and no other Holders, shall be entitled to take the relevant action
with respect to the Units, whether or not such Holders remain Holders after such record date. The ownership of Units shall be proved by the Unit Register. 

8.2   Incorporators, Stockholders, Officers and Directors of TPG Immune from Liability  

No
recourse under or upon any obligation, covenant or agreement contained in this Agreement, in the Indenture, in any Security Agreements or in any constituent Security, or because of any indebtedness
evidenced thereby, shall be had against any incorporator, or against any past, present or future stockholder, officer, attorney-in-fact or director, as such, of TPG or of any
successor corporation, either directly or through TPG or any successor corporation, under any rule of law, statute or constitutional provision or by the enforcement of any assessment or penalty or by
any legal or equitable proceeding or otherwise, all such liability being expressly waived and released by the acceptance of the Units by the Holders thereof and as part of the consideration for the
issue thereof, provided that nothing in this Section shall impair the obligations, covenants and agreements of TPG contained in this Agreement and in any constituent Securities constituting a part of
the Units. 

8.3   Compliance Certificates and Opinions  

Except
as otherwise expressly provided by this Agreement, upon any application or request by TPG to the Agent to take any action under any provision of this Agreement, TPG shall furnish to the Agent
an Officer's Certificate stating that all conditions precedent, if any, provided for in this Agreement relating to the proposed action have been complied with and, if requested by the Agent, an
Opinion of Counsel stating that, in the opinion of such counsel, all such conditions precedent, if any, have been complied with, except that in the case of any such application or request as to which
the furnishing of such documents is specifically required by any provision of this Agreement relating to such particular application or request, no additional certificate or opinion need be furnished. 

Every
certificate or opinion with respect to compliance with a condition or covenant provided for in this Agreement shall include: 

	(a)
	a
statement that each individual signing such certificate or opinion has read such covenant or condition and the definitions herein relating thereto; 

17

 

	(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 each such individual, he has made such examination or investigation as is necessary to enable him to express an informed opinion as to whether or
not such covenant or condition has been complied with; and

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

8.4   Form of Documents Delivered to Agent  

In
any case where several matters are required to be certified by, or covered by an opinion of, any specified Person, it is not necessary that all such matters be certified by, or covered by the
opinion of, only one such Person, or that they be so certified or covered by only one document, but one such Person may certify or give an opinion with respect to some matters and one or more other
such Persons as to other matters, and any such Person may certify or give an opinion as to such matters in one or several documents. 

Any
certificate, statement or opinion of an officer or counsel of or for TPG may be based, insofar as it relates to legal matters, upon a certificate or opinion of, or representations by, counsel,
unless such officer or counsel knows, or in the exercise of reasonable care should know, that the certificate, opinion or representations with respect to the matters upon which his certificate,
statement or opinion is based are erroneous. Any such certificate, statement or opinion may be based, insofar as it relates to factual matters, upon a certificate, statement or opinion of, or
representations by, an officer or officers of TPG, as applicable, stating that the information with respect to such factual matters is in the possession of TPG, unless information with respect to such
matters are such that the officer or counsel knows, or in the exercise of reasonable care should know, that the certificate, statement, opinion or representations are erroneous. 

Where
any Person is required to make, give or execute two or more applications, requests, consents, certificates, statements, opinions or other instruments under this Agreement, they may, but need not
be, consolidated into one instrument. 

8.5   Maintenance of Office or Agency  

So
long as Units are authorized for issuance pursuant to this Agreement or are outstanding hereunder, TPG will maintain in the Borough of Manhattan, The City of New York, an office or agency where
Units may be presented or surrendered for delivery, where Units may be surrendered for registration of transfer or exchange and where notices and demands to or upon the Issuers in respect of Units and
this Agreement may be served. TPG hereby initially designates the Agent as its office or in the Borough of Manhattan, The City of New York, for each of said purposes. TPG will give prompt written
notice to the Agent of the location, and any change in the location, of such office or agency. If at any time TPG shall fail to maintain any such required office or agency or shall fail to furnish the
Agent with the name and address thereof, such presentations, surrenders, notices and demands may be made or served at the Corporate Trust Office of the Agent, and TPG hereby appoints the Agent as its
agent to receive all such presentations, surrenders, notices and demands. 

TPG
may also from time to time designate one or more other offices or agencies where Units may be presented or surrendered for any or all such purposes and may from time to time rescind such
designations; provided, however, that no such designation or rescission shall in any manner relieve TPG of its obligations to maintain offices or agencies provided for in this Section. TPG will give
prompt written notice to the Agent of any such designation or rescission and of any change in the location of any such other office or agency. 

18

 

8.6   Acts of Holders  

	(a)
	Any
request, demand, authorization, direction, notice, consent, waiver or other action of Holders provided or permitted by this Agreement may be embodied in and evidenced by one or
more instruments of substantially similar tenor signed by such Holders in person or by an agent duly appointed in writing; and, except as herein otherwise expressly provided, such action shall become
effective when such instrument or instruments are made, given, furnished or filed in writing and personally delivered or mailed, first-class postage prepaid, to

	(i)
	the
Agent at its [Corporate Trust Office], Attention: [Corporate Trustee Administration Department], or at any other
address previously furnished in writing by the Agent to the Holders and TPG, and

	(ii)
	TPG
where expressly required, at TPG N.V. at Neptunusstraat 41-63, 2132 JA, Hoofddorp, The Netherlands, Attention:
[    •    ], or at any other address previously furnished in writing to the Agent by TPG. 

Such
instrument or instruments (and the action embodied therein and evidenced thereby) are herein sometimes referred to as the Act of the Holders signing such instrument or instruments. Proof of
execution of any such instrument or of a writing appointing any such agent shall be sufficient for any purpose of this Agreement and (subject to Section 6.1) conclusive in favor of the Agent
and TPG, if made in the manner provided in this Section. 

	(b)
	Any
request, demand, authorization, direction, notice, consent, waiver or other action of the Holder of any Unit Certificate shall bind every future Holder of the same Unit
Certificate and the Holder of every Unit Certificate issued upon the registration of transfer thereof or in exchange therefor or in lieu thereof with respect to anything done, omitted or suffered to
be done by the Agent or TPG in reliance thereon, whether or not notation of such action is made upon such Unit Certificate. 

8.7   Notices to Holders; Waiver  

TPG
may cause notice to be given to the Holders by providing the Agent with a form of notice to be distributed (a) in the case of Definitive Units, by the Agent to the Holders by first-class
mail, or (b) in the case of Global Units, by the Agent to the Depositary who shall give notice to its participants in accordance with the custom and practices of the Depositary. 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 Agreement 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 Agent, but such filing shall not be a condition precedent to the validity of any action
taken in reliance upon such waiver. 

19

 

8.8   Notices  

Other
than as expressly provided herein, any notice or demand authorized by this Agreement to be given or made pursuant to this Agreement shall be sufficiently given or made if sent by mail,
first-class (registered or certified, return receipt requested) and postage prepaid, addressed to the appropriate Person as follows: 

TPG
N.V.

Neptunusstraat 41-63

2132 JA

Hoofddorp

The Netherlands 

Attention:
[                        ] 

[                        ]

[                        ] 

Attention:
[                        ] 

Any
party may change the information above by giving notice in one of the manners provided in this Section. 

8.9   Effect of Headings and Table of Contents  

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

8.10 Successors and Assigns  

All
covenants and agreements in this Agreement by TPG, the Agent and each of the Security Agents, as applicable, shall bind the respective successors and assigns, whether so expressed or not. 

8.11 Separability Section  

In
case any provision in this Agreement or in the Units, Unit Certificates or constituent Securities shall be invalid, illegal or unenforceable, the validity, legality and enforceability of the
remaining provisions hereof and thereof shall not in any way be affected or impaired thereby. 

8.12 Benefits of Agreement  

Nothing
in this Agreement, the Units and the constituent Securities, express or implied, shall give to any Person, other than the parties hereto and their successors hereunder, any benefits or any
legal or equitable right, remedy or claim under this Agreement. The Holders from time to time shall be bound by all of the terms and conditions hereof and of the Units and the constituent Securities
evidenced by the Units, by their acceptance of delivery of such Units. 

8.13 Governing Law  

This
Agreement, the Units and the constituent Securities shall be governed and construed in accordance with the laws of the State of New York. This agreement, (and any claims or disputes arising out
of or related thereto or to the transactions contemplated thereby or to the inducement of any party to enter therein, whether for breach of contract, tortious conduct, or otherwise and whether
predicated on common law, statute or otherwise) shall in all respects be governed by and construed in accordance with the laws of the State of New York, including all matters of construction, validity
and performance, in each case without reference to any conflict of law rules that might lead to the application of the laws of any other jurisdiction. [This agreement has been negotiated,
executed and delivered in the State of New York.] 

20

 

8.14 Counterparts  

This
Agreement may be executed in any number of counterparts by the parties hereto on separate counterparts, each of which, when so executed and delivered, shall be deemed an original, but all such
counterparts shall together constitute one and the same instrument. 

8.15 Inspection of Agreement  

A
copy of this Agreement shall be available at all reasonable times during normal business hours at the Corporate Trust Office of the Agent for inspection by any Holder. 

21

 
 
 

SIGNATORIES    
    

        IN WITNESS WHEREOF, TPG, the Agent and each of the Security Agents have duly executed this Agreement as of the day and year first above set forth. 

	 	 	TPG N.V.
	

 	
 	

By:	
 	

    
 Name:

Title:
	

 	
 	

 	
 	

    
 Name:

Title:
	

 	
 	

[                        ]
	

 	
 	

By:	
 	

    
 Name:

Title:

22

  

 
 

SCHEDULE 1    
    

 
 

FORM OF UNIT CERTIFICATE
  FACE    
    

        [IF THE UNIT CERTIFICATE IS TO BE A GLOBAL UNIT CERTIFICATE, INSERT PARAGRAPH—This Unit Certificate is a Global Unit Certificate within
the meaning of the Unit Agreement hereinafter referred to and is registered in the name of The Depository Trust Company (the Depositary) or a nominee of
the Depositary. Unless and until it is exchanged in whole or in part for Units in definitive registered form, this Unit Certificate may not be transferred except as a whole by the Depositary to a
nominee of the Depositary or by a nominee of the Depositary to the Depositary or another nominee of the Depositary or by the Depositary or any such nominee to a successor Depositary or a nominee of
such successor Depositary. 

        Unless
this Unit Certificate is presented by an authorized representative of the Depositary [(55 Water Street, New York)] to TPG N.V. or its agent for
registration of transfer, exchange or payment, and any Unit issued is registered in the name of [Cede & Co.] or such other name as requested by an authorized
representative of the Depositary and any payment hereon is made to [Cede & Co.] or such other entity as is requested by an authorized representative of the Depositary,
ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY A PERSON IS WRONGFUL inasmuch as the registered owner hereof, [Cede & Co.], has an interest herein. 

23

 
 
 

UNIT CERTIFICATE    
    

(issuable
in integral multiples of                        Units) 

Evidencing
the Ownership of and Rights of the Holder Under the Units Specified Below. 

CUSIP
No.                          

Certificate
No.              

Number
of Units              

This
Unit Certificate certifies that                        (the Holder), or registered
assigns, is the registered owner of            Units. 

Each
Unit represents ownership by the Holder of [specify Securities constituting parts of the Unit]. 

[Designated
Unit Register] 

[Other
Terms of Units:] 

24

 
[INSERT ORDINARY SHARE, NOTE, PURCHASE CONTRACT AND WARRANT CERTIFICATES, AS APPLICABLE]  

25

 
[IF UNIT CERTIFICATE IS A GLOBAL UNIT CERTIFICATE, INSERT THIS SCHEDULE]  

 
 

SCHEDULE A    
    

 
  GLOBAL
  UNIT CERTIFICATE
  SCHEDULE OFEXCHANGES    

        The
initial number of Units represented by this Global Unit Certificate is                        . In accordance with the Unit
Agreement pursuant to which this Global Unit Certificate has been
issued, the following reductions of the number of Units represented by this Global Unit Certificate have occurred: 

	Date of Reduction
 
	 	Number

Reduced by

Separation of

the Component Parts

of this Unit
	 	Number

Reduced by

Exercise of

Warrants
	 	Number

Reduced by

Settlement of

Purchase

Contracts
	 	Number of Units

Outstanding

Following any

such Reduction
	 	Notation Made

by or on Behalf

of Paying Agent

	    	 	 	 	 	 	 	 	 	 	 
	    	 	 	 	 	 	 	 	 	 	 
	    	 	 	 	 	 	 	 	 	 	 
	    	 	 	 	 	 	 	 	 	 	 

26

 
[IF UNIT IS A DEFINITIVE UNIT, INSERT THIS SCHEDULE]  

SCHEDULE B  

 
 

FORM OF ASSIGNMENT    
    

FOR
VALUE RECEIVED, the undersigned assigns and transfers the Unit(s) represented by this Certificate to: 

	    
	 	(Insert assignee's social security or tax identification number)
	

    
	
 	

(Insert address and zip code of assignee) and irrevocably appoints
	    
	 	agent to transfer this Unit Certificate on the books of the Issuers. The agent may substitute another to act for him or her.
	

Date:	
 	

 
	

Signature(s):	
 	

 
	

    

	

    
 (Sign exactly as your name appears on the other side of this Unit Certificate)

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

27

QuickLinks

Exhibit 4.7

FORM OF UNIT AGREEMENT

CONTENTS

UNIT AGREEMENT

SIGNATORIES

SCHEDULE 1

FORM OF UNIT CERTIFICATE FACE

UNIT CERTIFICATE

SCHEDULE A

GLOBAL UNIT CERTIFICATE SCHEDULE OFEXCHANGES

FORM OF ASSIGNMENT

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00080-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00080-of-00352.parquet"}]]