Document:

Exhibit 41 V2

		

			Execution Version

		

		
			s
		

		
			TUTOR PERINI CORPORATION

AND

WILMINGTON TRUST, NATIONAL ASSOCIATION,

as Trustee

INDENTURE

Dated as of June 15, 2016
		

		
			2.875% Convertible Senior Notes due 202
		

		

		

		 

		

			 

		

		

			 

		

		

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						TABLE OF CONTENTS

				
	
					
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						Page

				
	
					
						Article 1

					
					
						 

				
	
					
						Definitions

					
					
						 

				
	
					
						Section 1.01.  Definitions

					1 
				
	
					
						Section 1.02.  References to Interest

					12 
				
	
					
						Article 2

					
					
						 

				
	
					
						Issue, Description, Execution, Registration and Exchange of Notes

					
					
						 

				
	
					
						Section 2.01.  Designation and Amount

					13 
				
	
					
						Section 2.02.  Form of Notes

					13 
				
	
					
						Section 2.03.  Date and Denomination of Notes; Payments of Interest and Defaulted Amounts

					14 
				
	
					
						Section 2.04.  Execution, Authentication and Delivery of Notes

					15 
				
	
					
						Section 2.05.  Exchange and Registration of Transfer of Notes; Restrictions on Transfer; Depositary

					16 
				
	
					
						Section 2.06.  Mutilated, Destroyed, Lost or Stolen Notes

					22 
				
	
					
						Section 2.07.  Temporary Notes

					23 
				
	
					
						Section 2.08.  Cancellation of Notes Paid, Converted, Etc.

					23 
				
	
					
						Section 2.09.  CUSIP Numbers

					24 
				
	
					
						Section 2.10.  Additional Notes; Repurchases

					24 
				
	
					
						Article 3

					
					
						 

				
	
					
						Satisfaction and Discharge

					
					
						 

				
	
					
						Section 3.01.  Satisfaction and Discharge

					24 
				
	
					
						Article 4

					
					
						 

				
	
					
						Particular Covenants of the Company

					
					
						 

				
	
					
						Section 4.01.  Payment of Principal and Interest

					25 
				
	
					
						Section 4.02.  Maintenance of Office or Agency

					25 
				
	
					
						Section 4.03.  Appointments to Fill Vacancies in Trustee’s Office

					26 
				
	
					
						Section 4.04.  Provisions as to Paying Agent

					26 
				
	
					
						Section 4.05.  Existence

					27 
				
	
					
						Section 4.06.  Rule 144A Information Requirement and Annual Reports

					27 
				
	
					
						Section 4.07.  Stay, Extension and Usury Laws

					29 
				
	
					
						Section 4.08.  Compliance Certificate; Statements as to Defaults

					29 
				
	
					
						Section 4.09.  Further Instruments and Acts

					29 
				
	
					
						Section 4.10.  Additional Amounts.

					29 
				
	
					
						Article 5

					
					
						 

				
	
					
						Lists of Holders and Reports by the Company and the Trustee

					
					
						 

				
	
					
						Section 5.01.  Lists of Holders

					33 
				
	
					
						Section 5.02.  Preservation and Disclosure of Lists

					
						 

					
						 

					
						 

					33 
				

		 

		

			 

		

 

			
					
						Article 6

					
					
						 

				
	
					
						Defaults and Remedies

					
					
						 

				
	
					
						Section 6.01.  Events of Default

					33 
				
	
					
						Section 6.02.  Acceleration; Rescission and Annulment

					34 
				
	
					
						Section 6.03.  Additional Interest

					35 
				
	
					
						Section 6.04.  Payments of Notes on Default; Suit Therefor

					36 
				
	
					
						Section 6.05.  Application of Monies Collected by Trustee

					38 
				
	
					
						Section 6.06.  Proceedings by Holders

					39 
				
	
					
						Section 6.07.  Proceedings by Trustee

					39 
				
	
					
						39Section 6.08.  Remedies Cumulative and Continuing

					40 
				
	
					
						Section 6.09.  Direction of Proceedings and Waiver of Defaults by Majority of Holders

					40 
				
	
					
						Section 6.10.  Notice of Defaults

					41 
				
	
					
						Section 6.11.  Undertaking to Pay Costs

					41 
				
	
					
						Article 7

					
					
						 

				
	
					
						Concerning the Trustee

					
					
						 

				
	
					
						Section 7.01.  Duties and Responsibilities of Trustee

					41 
				
	
					
						Section 7.02.  Reliance on Documents, Opinions, Etc.

					43 
				
	
					
						Section 7.03.  No Responsibility for Recitals, Etc.

					44 
				
	
					
						Section 7.04.  Trustee, Paying Agents, Conversion Agents, Bid Solicitation Agent or Note Registrar May Own Notes

					44 
				
	
					
						Section 7.05.  Monies and Shares of Common Stock to Be Held in Trust

					44 
				
	
					
						Section 7.06.  Compensation and Expenses of Trustee

					45 
				
	
					
						Section 7.07.  Officers’ Certificate as Evidence

					45 
				
	
					
						Section 7.08.  Eligibility of Trustee

					46 
				
	
					
						Section 7.09.  Resignation or Removal of Trustee

					46 
				
	
					
						Section 7.10.  Acceptance by Successor Trustee

					48 
				
	
					
						Section 7.11.  Succession by Merger, Etc.

					48 
				
	
					
						Section 7.12.  Trustee’s Application for Instructions from the Company

					48 
				
	
					
						Article 8

					
					
						 

				
	
					
						Concerning the Holders

					
					
						 

				
	
					
						Section 8.01.  Action by Holders

					48 
				
	
					
						Section 8.02.  Proof of Execution by Holders

					49 
				
	
					
						Section 8.03.  Who Are Deemed Absolute Owners

					49 
				
	
					
						Section 8.04.  Company-Owned Notes Disregarded

					49 
				
	
					
						Section 8.05.  Revocation of Consents; Future Holders Bound

					50 
				
	
					
						Article 9

					
					
						 

				
	
					
						Holders’ Meetings

					
					
						 

				
	
					
						Section 9.01.  Purpose of Meetings

					50 
				
	
					
						Section 9.02.  Call of Meetings by Trustee

					51 
				
	
					
						Section 9.03.  Call of Meetings by Company or Holders

					51 
				
	
					
						Section 9.04.  Qualifications for Voting

					51 
				

		 

		

			 

		

		

			 

		

		

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						Section 9.05.  Regulations

					51 
				
	
					
						Section 9.06.  Voting

					52 
				
	
					
						Section 9.07.  No Delay of Rights by Meeting

					52 
				
	
					
						Article 10

					
					
						 

				
	
					
						Supplemental Indentures

					
					
						 

				
	
					
						Section 10.01.  Supplemental Indentures Without Consent of Holders

					52 
				
	
					
						Section 10.02.  Supplemental Indentures with Consent of Holders

					53 
				
	
					
						Section 10.03.  Effect of Supplemental Indentures

					55 
				
	
					
						Section 10.04.  Notation on Notes

					55 
				
	
					
						Section 10.05.  Evidence of Compliance of Supplemental Indenture to Be Furnished Trustee

					55 
				
	
					
						Article 11

					
					
						 

				
	
					
						Consolidation, Merger, Sale, Conveyance and Lease

					
					
						 

				
	
					
						Section 11.01.  Company May Consolidate, Etc. on Certain Terms

					55 
				
	
					
						Section 11.02.  Successor Company to Be Substituted

					56 
				
	
					
						Section 11.03.  Opinion of Counsel to Be Given to Trustee

					57 
				
	
					
						Article 12

					
					
						 

				
	
					
						Immunity of Incorporators, Stockholders, Officers and Directors

					
					
						 

				
	
					
						Section 12.01.  Indenture and Notes Solely Corporate Obligations

					57 
				
	
					
						Article 13

					
					
						 

				
	
					
						[Intentionally Omitted]

					
					
						 

				
	
					
						Article 14

					
					
						 

				
	
					
						Conversion of Notes

					
					
						 

				
	
					
						Section 14.01.  Conversion Privilege

					57 
				
	
					
						Section 14.02.  Conversion Procedure; Settlement Upon Conversion.

					60 
				
	
					
						Section 14.03.  Increased Conversion Rate Applicable to Certain Notes Surrendered in Connection with Make-Whole Fundamental Changes

					64 
				
	
					
						Section 14.04.  Adjustment of Conversion Rate

					66 
				
	
					
						Section 14.05. Adjustments of Prices

					76 
				
	
					
						Section 14.06.  Shares to Be Fully Paid

					77 
				
	
					
						Section 14.07.  Effect of Recapitalizations, Reclassifications and Changes of the Common Stock

					77 
				
	
					
						Section 14.08.  Certain Covenants

					79 
				
	
					
						Section 14.09.  Responsibility of Trustee

					79 
				
	
					
						Section 14.10.  Notice to Holders Prior to Certain Actions

					80 
				
	
					
						Section 14.11.  Stockholder Rights Plans

					80 
				
	
					
						Section 14.12.  Exchange in Lieu of Conversion

					80 
				
	
					
						Article 15

					
					
						 

				
	
					
						Repurchase of Notes at Option of Holders

					
					
						 

				
	
					
						Section 15.01.  [Intentionally Omitted]

					81 
				
	
					
						Section 15.02.  Repurchase at Option of Holders Upon a Fundamental Change

					82 
				
	
					
						Section 15.03.  Withdrawal of Fundamental Change Repurchase Notice

					84 
				
	
					
						Section 15.04.  Deposit of Fundamental Change Repurchase Price

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						Section 15.05.  Covenant to Comply with Applicable Laws Upon Repurchase of Notes

					85 
				
	
					
						Article 16

					
					
						 

				
	
					
						Optional Redemption

					
					
						 

				
	
					
						Section 16.01.  Optional Redemption

					86 
				
	
					
						Article 17

					
					
						 

				
	
					
						Miscellaneous Provisions

					
					
						 

				
	
					
						Section 17.01.  [Reserved] 

					89 
				
	
					
						Section 17.02.  Official Acts by Successor Company

					89 
				
	
					
						Section 17.03.  Addresses for Notices, Etc.

					89 
				
	
					
						Section 17.04.  Governing Law; Jurisdiction

					90 
				
	
					
						Section 17.05.  Evidence of Compliance with Conditions Precedent; Certificates and Opinions of Counsel to Trustee

					90 
				
	
					
						Section 17.06.  Legal Holidays

					91 
				
	
					
						Section 17.07.  No Security Interest Created

					91 
				
	
					
						Section 17.08.  Benefits of Indenture

					91 
				
	
					
						Section 17.09.  Table of Contents, Headings, Etc.

					91 
				
	
					
						Section 17.10.  Authenticating Agent

					91 
				
	
					
						Section 17.11.  Execution in Counterparts

					92 
				
	
					
						Section 17.12.  Severability

					93 
				
	
					
						Section 17.13.  Waiver of Jury Trial

					93 
				
	
					
						Section 17.14.  Force Majeure

					93 
				
	
					
						Section 17.15.  Calculations

					93 
				
	
					
						Section 17.16.  USA PATRIOT Act

					93 
				
	
					
						﻿

					
					
						 

				
	
					
						EXHIBIT

					
					
						 

				
	
					
						Exhibit A   Form of Note

					
					
						A-1

				

		
			
		

		

		

		 

		

			 

		

		

			 

		

		

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		INDENTURE dated as of June 15, 2016 between TUTOR PERINI CORPORATION, a Massachusetts corporation, as issuer (the “Company,” as more fully set forth in Section 1.01) and WILMINGTON TRUST, NATIONAL ASSOCIATION, a national banking association, as trustee (the “Trustee,” as more fully set forth in Section 1.01).
		

		
			W I T N E S S E T H:
		

		
			WHEREAS, for its lawful corporate purposes, the Company has duly authorized the issuance of its 2.875% Convertible Senior Notes due 2021 (the “Notes”), initially in an aggregate principal amount not to exceed $200,000,000, and in order to provide the terms and conditions upon which the Notes are to be authenticated, issued and delivered, the Company has duly authorized the execution and delivery of this Indenture; and
		

		
			WHEREAS, the Form of Note, the certificate of authentication to be borne by each Note, the Form of Notice of Conversion, the Form of Fundamental Change Repurchase Notice and the Form of Assignment and Transfer to be borne by the Notes are to be substantially in the forms hereinafter provided; and
		

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

		
			NOW, THEREFORE, THIS INDENTURE WITNESSETH:
		

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

		
			Article 1
Definitions
		

		
			Section 1.01. Definitions.  The terms defined in this Section 1.01 (except as herein otherwise expressly provided or unless the context otherwise requires) for all purposes of this Indenture and of any indenture supplemental hereto shall have the respective meanings specified in this Section 1.01.  The words “herein,” “hereof,” “hereunder” and words of similar import refer to this Indenture as a whole and not to any particular Article, Section or other subdivision.  The terms defined in this Article include the plural as well as the singular.
		

		
			“Additional Amounts” shall have the meaning specified in Section 4.10(a).
		

		

		

		 

		

			 

		

		

			 

		
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		“Additional Interest” means all amounts, if any, payable pursuant to Section 4.06(d), Section 4.06(e) and Section 6.03, as applicable.
		

		
			“Additional Shares” shall have the meaning specified in Section 14.03(a).
		

		
			“Affiliate” of any specified Person means any other Person directly or indirectly controlling or controlled by or under direct or indirect common control with such specified Person.  For the purposes of this definition, “control,” when used with respect to any specified Person means the power to direct or cause the direction of the management and policies of such Person, directly or indirectly, whether through the ownership of voting securities, by contract or otherwise; and the terms “controlling” and “controlled” have meanings correlative to the foregoing.  Notwithstanding anything to the contrary herein, the determination of whether one Person is an “Affiliate” of another Person for purposes of this Indenture shall be made based on the facts at the time such determination is made or required to be made, as the case may be, hereunder.
		

		
			“Bid Solicitation Agent” means the Person appointed by the Company to solicit bids for the Trading Price of the Notes in accordance with Section 14.01(b)(i).  The Trustee shall initially act as the Bid Solicitation Agent.
		

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

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

		
			“Business Day” means, with respect to any Note, any day other than a Saturday, a Sunday or a day on which the Federal Reserve Bank of New York is authorized or required by law or executive order to close or be closed.  
		

		
			“Capital Stock” means, for any entity, any and all shares, interests, rights to purchase, warrants, options, participations or other equivalents of or interests in (however designated) stock issued by that entity.
		

		
			“Cash Settlement” shall have the meaning specified in Section 14.02(a).
		

		
			“Clause A Distribution” shall have the meaning specified in Section 14.04(c).
		

		
			“Clause B Distribution” shall have the meaning specified in Section 14.04(c).
		

		
			“Clause C Distribution” shall have the meaning specified in Section 14.04(c).
		

		
			“close of business” means 5:00 p.m. (New York City time).
		

		
			“Combination Settlement” shall have the meaning specified in Section 14.02(a).
		

		

		

		 

		

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

		
			“Common Equity” of any Person means Capital Stock of such Person that is generally entitled (a) to vote in the election of directors of such Person or (b) if such Person is not a corporation, to vote or otherwise participate in the selection of the governing body, partners, managers or others that will control the management or policies of such Person.
		

		
			“Common Stock” means the common stock of the Company, par value $1.00 per share, at the date of this Indenture, subject to Section 14.07.
		

		
			“Company” shall have the meaning specified in the first paragraph of this Indenture, and subject to the provisions of Article 11, shall include its successors.
		

		
			  “Company Order” means a written order of the Company, signed by at least one of the Company’s Chief Executive Officer, Chief Financial Officer, President, Executive or Senior Vice President or any Vice President (whether or not designated by a number or numbers or word or words added before or after the title “Vice President”) or the Company’s Treasurer or Assistant Treasurer or Secretary or any Assistant Secretary, and delivered to the Trustee.
		

		
			  “Conversion Agent” shall have the meaning specified in Section 4.02.
		

		
			“Conversion Date” shall have the meaning specified in Section 14.02(c).
		

		
			“Conversion Obligation” shall have the meaning specified in Section 14.01(a).
		

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

		
			“Conversion Rate” shall have the meaning specified in Section 14.01(a).
		

		
			“Corporate Trust Office” means the principal office of the Trustee at which at any time its corporate trust business related to this Indenture shall be administered, which office at the date hereof is located at 246 Goose Lane, Suite 105, Guilford, CT 06437, Attention: Tutor Perini Corporation Administrator, or such other address as the Trustee may designate from time to time by notice to the Holders and the Company, or the principal corporate trust office of any successor trustee (or such other address as such successor trustee may designate from time to time by notice to the Holders and the Company).
		

		
			“Custodian” means the Trustee, as custodian for The Depository Trust Company, with respect to the Global Notes, or any successor entity thereto.
		

		
			“Daily Conversion Value” means, for each of the 50 consecutive Trading Days during the Observation Period, 1/50th of the product of (a) the Conversion Rate on such Trading Day and (b) the Daily VWAP for such Trading Day. 
		

		
			“Daily Measurement Value” means the Specified Dollar Amount (if any), divided by 50.
		

		

		

		 

		

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		“Daily Settlement Amount,” for each of the 50 consecutive Trading Days during the Observation Period, shall consist of:
		

		
			(a)cash in an amount equal to the lesser of (i) the Daily Measurement Value and (ii) the Daily Conversion Value on such Trading Day; and
		

		
			(b)if the Daily Conversion Value on such Trading Day exceeds the Daily Measurement Value, a number of shares of Common Stock equal to (i) the difference between the Daily Conversion Value and the Daily Measurement Value, divided by (ii) the Daily VWAP for such Trading Day.
		

		
			“Daily VWAP” means, for each of the 50 consecutive Trading Days during the relevant Observation Period, the per share volume-weighted average price as displayed under the heading “Bloomberg VWAP” on Bloomberg page “TPC <equity> AQR” (or its equivalent successor if such page is not available) in respect of the period from the scheduled open of trading until the scheduled close of trading of the primary trading session on such Trading Day (or if such volume-weighted average price is unavailable, the market value of one share of the Common Stock on such Trading Day determined, using a volume-weighted average method, by a nationally recognized independent investment banking firm retained for this purpose by the Company).  The “Daily VWAP” shall be determined without regard to after-hours trading or any other trading outside of the regular trading session trading hours.
		

		
			  “Default” means any event that is, or after notice or passage of time, or both, would be, an Event of Default.
		

		
			“Defaulted Amounts” means any amounts on any Note (including, without limitation, the Fundamental Change Repurchase Price, principal and interest) that are payable but are not punctually paid or duly provided for.
		

		
			“Depositary” means, with respect to each Global Note, the Person specified in Section 2.05(c) as the Depositary with respect to such Notes, until a successor shall have been appointed and become such pursuant to the applicable provisions of this Indenture, and thereafter, “Depositary” shall mean or include such successor.
		

		
			“Distributed Property” shall have the meaning specified in Section 14.04(c).
		

		
			“Effective Date” shall have the meaning specified in Section 14.03(c), except that, as used in Section 14.04 and Section 14.05, “Effective Date” means the first date on which shares of the Common Stock trade on the applicable exchange or in the applicable market, regular way, reflecting the relevant share split or share combination, as applicable.
		

		
			“Event of Default” shall have the meaning specified in Section 6.01.
		

		
			“Ex-Dividend Date” means the first date on which shares of the Common Stock trade on the applicable exchange or in the applicable market, regular way, without the right to receive the issuance, dividend or distribution in question, from the Company or, if applicable, from the seller 
		

		 

		

			4

		

		

			 

		
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		of Common Stock on such exchange or market (in the form of due bills or otherwise) as determined by such exchange or market.
		

		
			“Exchange Act” means the Securities Exchange Act of 1934, as amended, and the rules and regulations promulgated thereunder.
		

		
			“Exchange Election” shall have the meaning specified in Section 14.12.
		

		
			“FATCA” shall have the meaning specified in Section 4.10(a)(i)(E).
		

		
			“Form of Assignment and Transfer” means the “Form of Assignment and Transfer” attached as Attachment 3 to the Form of Note attached hereto as Exhibit A.
		

		
			“Form of Fundamental Change Repurchase Notice” means the “Form of Fundamental Change Repurchase Notice” attached as Attachment 2 to the Form of Note attached hereto as Exhibit A.
		

		
			“Form of Note” means the “Form of Note” attached hereto as Exhibit A.
		

		
			“Form of Notice of Conversion” means the “Form of Notice of Conversion” attached as Attachment 1 to the Form of Note attached hereto as Exhibit A.
		

		
			“Fundamental Change” shall be deemed to have occurred at the time after the Notes are originally issued if any of the following occurs:
		

		
			(a) (1) a “person” or “group” within the meaning of Section 13(d) of the Exchange Act, other than the Company or its Wholly Owned Subsidiaries, has become the direct or indirect “beneficial owner,” as defined in Rule 13d-3 under the Exchange Act, of the Company’s Common Equity representing more than 50% of the voting power of the Company’s Common Equity; provided, however, that a “person” or “group” shall not be deemed a beneficial owner of, or to own beneficially, (x) any securities tendered pursuant to a tender or exchange offer made by or on behalf of such “person” or “group” pursuant to a Schedule TO until such tendered securities are accepted for purchase or exchange thereunder or (y) any securities to the extent such beneficial ownership (i) arises solely as a result of a revocable proxy delivered to such “person” or “group” by a shareholder that is not, for the avoidance of doubt, a member of such “group” in response to a proxy or consent solicitation made pursuant to, and disclosed in accordance with, the applicable rules and regulations under the Exchange Act, and (ii) is not also then reportable on Schedule 13D or Schedule 13G (or any successor schedule) under the Exchange Act; and (2) such “person” or “group” files, or the Company files, a Schedule TO or any schedule, form or report under the Exchange Act disclosing that such an event described in the immediately preceding clause (1) has occurred;
		

		
			(b)the consummation of (A) any recapitalization, reclassification or change of the Common Stock (other than changes resulting from a subdivision or combination) as a result of which the Common Stock would be converted into, or exchanged for, stock, other securities, other property or assets; (B) any share exchange, consolidation or merger 
		

		 

		

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		of the Company pursuant to which the Common Stock will be converted into cash, securities or other property or assets; or (C) any sale, lease or other transfer in one transaction or a series of transactions of all or substantially all of the consolidated assets of the Company and its Subsidiaries, taken as a whole, to any Person other than the Company and/or one or more of the Company’s Wholly Owned Subsidiaries; provided, however, that a transaction described in clause (B) in which the holders of all classes of the Company’s Common Equity immediately prior to such transaction own, directly or indirectly, more than 50% of all classes of Common Equity of the continuing or surviving corporation or transferee or the parent thereof immediately after such transaction in substantially the same proportions as such ownership immediately prior to such transaction shall not be a Fundamental Change pursuant to this clause (b);
		

		
			(c)the stockholders of the Company approve any plan or proposal for the liquidation or dissolution of the Company; or
		

		
			(d)the Common Stock (or other common stock underlying the Notes) ceases to be listed or quoted on any of The New York Stock Exchange, The NASDAQ Global Select Market or The NASDAQ Global Market (or any of their respective successors) and is not listed or quoted on any of The New York Stock Exchange, The NASDAQ Global Select Market or The NASDAQ Global Market (or any of their respective successors) concurrently with such cessation;
		

		
			provided,  however, that a transaction or transactions described in clause (a) or clause (b) above shall not constitute a Fundamental Change, if at least 90% of the consideration received or to be received by the common stockholders of the Company, excluding cash payments for fractional shares, in connection with such transaction or transactions consists of shares of common stock that are listed or quoted on any of The New York Stock Exchange, The NASDAQ Global Select Market or The NASDAQ Global Market (or any of their respective successors) or will be so listed or quoted when issued or exchanged in connection with such transaction or transactions and as a result of such transaction or transactions the Notes become convertible into such consideration, excluding cash payments for fractional shares (subject to the provisions of Section 14.02(a)). If a transaction constitutes a Fundamental Change pursuant to both clause (b) and clause (c) of this definition, such transaction will be treated as a Fundamental Change pursuant to solely clause (b) for purposes of the carve-out described in this paragraph.  If any transaction in which the Common Stock is replaced by the securities of another entity occurs, following completion of any related Make-Whole Fundamental Change Period (or, in the case of a transaction that would have been a Fundamental Change or a Make-Whole Fundamental Change but for the proviso immediately following clause (d) of the definition thereof, following the effective date of such transaction) references to the Company in this definition shall instead be references to such other entity.
		

		
			“Fundamental Change Company Notice” shall have the meaning specified in Section 15.02(c).
		

		
			“Fundamental Change Repurchase Date” shall have the meaning specified in Section 15.02(a).
		

		

		

		 

		

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		“Fundamental Change Repurchase Notice” shall have the meaning specified in Section 15.02(b)(i).
		

		
			“Fundamental Change Repurchase Price” shall have the meaning specified in Section 15.02(a).
		

		
			“given,” with respect to any notice to be given to a Holder pursuant to this Indenture, shall mean notice (x) given to the Depositary (or its designee) pursuant to the standing instructions from the Depositary or its designee, including by electronic mail in accordance with accepted practices or procedures at the Depositary (in the case of a Global Note) or (y) mailed to such Holder by first-class mail, postage prepaid, at its address as it appears on the Note Register (in the case of a Physical Note), in each case, in accordance with  Section 17.03. Notice so “given” shall be deemed to include any notice to be “mailed” or “delivered,” as applicable, under this Indenture. 
		

		
			“Global Note” shall have the meaning specified in Section 2.05(b).
		

		
			“Holder,” as applied to any Note, or other similar terms (but excluding the term “beneficial holder”), means any Person in whose name at the time a particular Note is registered on the Note Register.
		

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

		
			“Interest Payment Date” means each June 15 and December 15 of each year, beginning on December 15, 2016. 
		

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

		
			“Make-Whole Fundamental Change” means any transaction or event that constitutes a Fundamental Change (as defined above and determined after giving effect to any exceptions to or exclusions from such definition, but without regard to the proviso in clause (b) of the definition thereof).
		

		
			“Make-Whole Fundamental Change Period” shall have the meaning specified in Section 14.03(a).
		

		

		

		 

		

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		“Market Disruption Event” means, for the purposes of determining amounts due upon conversion (a) a failure by the primary U.S. national or regional securities exchange or market on which the Common Stock is listed or admitted for trading to open for trading during its regular trading session or (b) the occurrence or existence prior to 1:00 p.m., New York City time, on any Scheduled Trading Day for the Common Stock for more than one half-hour period in the aggregate during regular trading hours of any suspension or limitation imposed on trading (by reason of movements in price exceeding limits permitted by the relevant stock exchange or otherwise) in the Common Stock or in any options contracts or futures contracts relating to the Common Stock.
		

		
			“Maturity Date” means June 15, 2021.
		

		
			“Measurement Period” shall have the meaning specified in Section 14.01(b)(i).
		

		
			“Merger Event” shall have the meaning specified in Section 14.07(a).
		

		
			“Note” or “Notes” shall have the meaning specified in the first paragraph of the recitals of this Indenture.
		

		
			“Note Register” shall have the meaning specified in Section 2.05(a).
		

		
			“Note Registrar” shall have the meaning specified in Section 2.05(a).
		

		
			“Notice of Conversion” shall have the meaning specified in Section 14.02(b). 
		

		
			“Observation Period” with respect to any Note surrendered for conversion means: (i) subject to clause (ii) of this paragraph, if the relevant Conversion Date occurs prior to the 55th scheduled trading day immediately preceding the maturity date, the 50 consecutive Trading Day period beginning on, and including, the second Trading Day immediately succeeding such Conversion Date; (ii) subject to clause (iii) of this paragraph, with respect to Notices of Conversion received on or after the date the Company has delivered a Redemption Notice and prior to the corresponding Redemption Date, the 50 consecutive Trading Days beginning on, and including, the 52nd Scheduled Trading Day immediately preceding the Redemption Date; and (iii) if the relevant Conversion Date occurs on or after the 55th scheduled trading day immediately preceding the maturity date, the 50 consecutive Trading Days beginning on, and including, the 52nd Scheduled Trading Day immediately preceding the Maturity Date.
		

		
			  “Offering Memorandum” means the preliminary offering circular dated June 9, 2016, as supplemented by the related pricing term sheet dated June 8, 2016, relating to the offering and sale of the Notes. 
		

		
			“Officer” means, with respect to the Company, the President, the Chief Executive Officer, Chief Financial Officer, Chief Accounting Officer, the Treasurer, the Secretary, any Executive or Senior Vice President or any Vice President (whether or not designated by a number or numbers or word or words added before or after the title “Vice President”).
		

		

		

		 

		

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		“Officers’ Certificate,” when used with respect to the Company, means a certificate that is delivered to the Trustee and that is signed by (a) two Officers of the Company or (b) one Officer of the Company and one of any Assistant Treasurer, any Assistant Secretary or the Controller of the Company.  Each such certificate shall include the statements provided for in Section 17.05 if and to the extent required by the provisions of such Section.  One of the Officers giving an Officers’ Certificate pursuant to Section 4.08 shall be the principal executive, financial or accounting officer of the Company.
		

		
			“open of business” means 9:00 a.m. (New York City time).
		

		
			“Opinion of Counsel” means an opinion in writing signed by legal counsel, who may be an employee of or counsel to the Company, who is reasonably acceptable to the Trustee, that is delivered to the Trustee.  Each such opinion shall include the statements provided for in Section 17.05 if and to the extent required by the provisions of such Section 17.05.
		

		
			  “outstanding,” when used with reference to Notes, shall, subject to the provisions of Section 8.04, mean, as of any particular time, all Notes authenticated and delivered by the Trustee under this Indenture, except:
		

		
			(a)Notes theretofore canceled by the Trustee or accepted by the Trustee for cancellation;
		

		
			(b)Notes, or portions thereof, that have become due and payable and in respect of which monies in the necessary amount shall have been deposited in trust with the Trustee or with any Paying Agent (other than the Company) or shall have been set aside and segregated in trust by the Company (if the Company shall act as its own Paying Agent);
		

		
			(c)Notes that have been paid pursuant to Section 2.06 or Notes in lieu of which, or in substitution for which, other Notes shall have been authenticated and delivered pursuant to the terms of Section 2.06 unless proof satisfactory to the Trustee is presented that any such Notes are held by protected purchasers in due course; 
		

		
			(d)Notes converted pursuant to Article 14 and required to be cancelled pursuant to Section 2.08; and
		

		
			(e)Notes repurchased by the Company pursuant to Section 2.10(b). 
		

		
			“Paying Agent” shall have the meaning specified in Section 4.02.
		

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

		
			“Physical Notes” means permanent certificated Notes in registered form issued in minimum denominations of $1,000 principal amount and integral multiples in excess thereof.
		

		

		

		 

		

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		“Physical Settlement” shall have the meaning specified in Section 14.02(a).
		

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

		
			“Record Date” means, with respect to any dividend, distribution or other transaction or event in which the holders of Common Stock (or other applicable security) have the right to receive any cash, securities or other property or in which the Common Stock (or such other security) is exchanged for or converted into any combination of cash, securities or other property, the date fixed for determination of holders of the Common Stock (or such other security) entitled to receive such cash, securities or other property (whether such date is fixed by the Board of Directors, by statute, by contract or otherwise).
		

		
			“Redemption Notice” has the meaning specified in Section 16.03 hereof.
		

		
			“Redemption Price” has the meaning specified in Section 16.02 hereof.
		

		
			“Reference Property” shall have the meaning specified in Section 14.07(a).
		

		
			“Regular Record Date,” with respect to any Interest Payment Date, means June 1 or December 1 (whether or not such day is a Business Day) immediately preceding the applicable June 15 or December 15 Interest Payment Date, respectively.
		

		
			“Relevant Taxing Jurisdiction” shall have the meaning specified in Section 4.10(a).
		

		
			“Resale Restriction Termination Date” shall have the meaning specified in Section 2.05(c).
		

		
			“Responsible Officer” means, when used with respect to the Trustee, any officer within the corporate trust department of the Trustee, including any vice president, assistant vice president, assistant secretary, assistant treasurer, trust officer or any other officer of the Trustee who customarily performs functions similar to those performed by the Persons who at the time shall be such officers, respectively, or to whom any corporate trust matter relating to this Indenture is referred because of such person's knowledge of and familiarity with the particular subject and who, in each case, shall have direct responsibility for the administration of this Indenture.
		

		
			“Restricted Securities” shall have the meaning specified in Section 2.05(c).
		

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

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

		

		

		 

		

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

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

		
			“Settlement Amount” has the meaning specified in Section 14.02(a)(iv).
		

		
			“Settlement Method” means, with respect to any conversion of Notes, Physical Settlement, Cash Settlement or Combination Settlement, as elected (or deemed to have been elected) by the Company.
		

		
			“Settlement Notice” has the meaning specified in Section 14.02(a)(iii).
		

		
			“Significant Subsidiary” means a Subsidiary of the Company that meets the definition of “significant subsidiary” in Article 1, Rule 1-02 of Regulation S-X under the Exchange Act.
		

		
			“Specified Dollar Amount” means the maximum cash amount per $1,000 principal amount of Notes to be received upon conversion as specified in the Settlement Notice related to any converted Notes.
		

		
			“Spin-Off” shall have the meaning specified in Section 14.04(c).
		

		
			“Stock Price” shall have the meaning specified in Section 14.03(c).
		

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

		
			“Successor Company” shall have the meaning specified in Section 11.01(a).
		

		
			“Trading Day” means a day on which (i) trading in the Common Stock (or other security for which a closing sale price must be determined) generally occurs on The New York Stock Exchange or, if the Common Stock (or such other security) is not then listed on The New York Stock Exchange, on the principal other U.S. national or regional securities exchange on which the Common Stock (or such other security) is then listed or, if the Common Stock (or such other security) is not then listed on a U.S. national or regional securities exchange, on the principal other market on which the Common Stock (or such other security) is then traded and (ii) a Last Reported Sale Price for the Common Stock (or such other security) is available on such securities exchange or market; provided that if the Common Stock (or such other security) is not so listed or traded, “Trading Day” means a Business Day; and provided,  further, that for 
		

		 

		

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		purposes of determining amounts due upon conversion only, “Trading Day” means a day on which (x) there is no Market Disruption Event and (y) trading in the Common Stock generally occurs on The New York Stock Exchange or, if the Common Stock is not then listed on The New York Stock Exchange, on the principal other U.S. national or regional securities exchange on which the Common Stock is then listed or, if the Common Stock is not then listed on a U.S. national or regional securities exchange, on the principal other market on which the Common Stock is then listed or admitted for trading, except that if the Common Stock is not so listed or admitted for trading, “Trading Day” means a Business Day. 
		

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

		
			“transfer” shall have the meaning specified in Section 2.05(c).
		

		
			“Trigger Event” shall have the meaning specified in Section 14.04(c).
		

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

		
			“Trustee” means the Person named as the “Trustee” in the first paragraph of this Indenture until a successor trustee shall have become such pursuant to the applicable provisions of this Indenture, and thereafter “Trustee” shall mean or include each Person who is then a Trustee hereunder.
		

		
			“unit of Reference Property” shall have the meaning specified in Section 14.07(a).
		

		
			“Valuation Period” shall have the meaning specified in Section 14.04(c).
		

		
			“Wholly Owned Subsidiary” means, with respect to any Person, any Subsidiary of such Person, except that, solely for purposes of this definition, the reference to “more than 50%” in the definition of “Subsidiary” shall be deemed replaced by a reference to “100%”.
		

		
			Section 1.02.    References to Interest.  Unless the context otherwise requires, any reference to interest on, or in respect of, any Note in this Indenture shall be deemed to include 
		

		 

		

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		Additional Interest if, in such context, Additional Interest is, was or would be payable pursuant to any of Section 4.06(d), Section 4.06(e) and Section 6.03. Unless the context otherwise requires, any express mention of Additional Interest in any provision hereof shall not be construed as excluding Additional Interest in those provisions hereof where such express mention is not made.
		

		
			Article 2
Issue, Description, Execution, Registration and Exchange of Notes
		

		
			Section 2.01.  Designation and Amount.  The Notes shall be designated as the “2.875% Convertible Senior Notes due 2021.” The aggregate principal amount of Notes that may be authenticated and delivered under this Indenture is initially limited to $200,000,000, subject to Section 2.10(a) and except for Notes authenticated and delivered upon registration or transfer of, or in exchange for, or in lieu of other Notes to the extent expressly permitted hereunder.
		

		
			Section 2.02.  Form of Notes.  The Notes and the Trustee’s certificate of authentication to be borne by such Notes shall be substantially in the respective forms set forth in Exhibit A, the terms and provisions of which shall constitute, and are hereby expressly incorporated in and made a part of this Indenture.  To the extent applicable, the Company and the Trustee, by their execution and delivery of this Indenture, expressly agree to such terms and provisions and to be bound thereby. In the case of any conflict between this Indenture and the Notes, the provisions of this Indenture shall control and govern to the extent of such conflict.
		

		
			Any Global Note may be endorsed with or have incorporated in the text thereof such legends or recitals or changes not inconsistent with the provisions of this Indenture as may be required by the Custodian or the Depositary, or as may be required to comply with any applicable law or any regulation thereunder or with the rules and regulations of any securities exchange or automated quotation system upon which the Notes may be listed or traded or designated for issuance or to conform with any usage with respect thereto, or to indicate any special limitations or restrictions to which any particular Notes are subject.
		

		
			Any of the Notes may have such letters, numbers or other marks of identification and such notations, legends or endorsements as the Officer executing the same may approve (execution thereof to be conclusive evidence of such approval) and as are not inconsistent with the provisions of this Indenture, or as may be required to comply with any law or with any rule or regulation made pursuant thereto or with any rule or regulation of any securities exchange or automated quotation system on which the Notes may be listed or designated for issuance, or to conform to usage or to indicate any special limitations or restrictions to which any particular Notes are subject.
		

		
			Each Global Note shall represent such principal amount of the outstanding Notes as shall be specified therein and shall provide that it shall represent the aggregate principal amount of outstanding Notes from time to time endorsed thereon and that the aggregate principal amount of outstanding Notes represented thereby may from time to time be increased or reduced to reflect  repurchases, cancellations, conversions, transfers or exchanges permitted hereby.  Any endorsement of a Global Note to reflect the amount of any increase or decrease in the amount of 
		

		 

		

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		outstanding Notes represented thereby shall be made by the Trustee or the Custodian, at the direction of the Trustee, in such manner and upon instructions given by the Holder of such Notes in accordance with this Indenture.  Payment of principal (including the Fundamental Change Repurchase Price, if applicable) of, and accrued and unpaid interest on, a Global Note shall be made to the Holder of such Note on the date of payment, unless a record date or other means of determining Holders eligible to receive payment is provided for herein.
		

		
			Section 2.03.  Date and Denomination of Notes; Payments of Interest and Defaulted Amounts.    (a) The Notes shall be issuable in registered form without coupons in minimum denominations of $1,000 principal amount and integral multiples of $1,000 in excess thereof.  Each Note shall be dated the date of its authentication and shall bear interest from the date specified on the face of such Note.  Accrued interest on the Notes shall be computed on the basis of a 360-day year composed of twelve 30-day months and, for partial months, on the basis of the number of days actually elapsed in a 30-day month.
		

		
			(b)The Person in whose name any Note (or its Predecessor Note) is registered on the Note Register at the close of business on any Regular Record Date with respect to any Interest Payment Date shall be entitled to receive the interest payable on such Interest Payment Date.  The principal amount of any Note (x) in the case of any Physical Note, shall be payable at the office or agency of the Company maintained by the Company for such purposes in the continental United States, which shall initially be the Corporate Trust Office and (y) in the case of any Global Note, shall be payable by wire transfer of immediately available funds to the Paying Agent for further distributions to the account of the Depositary or its nominee.  The Company shall pay interest (i) on any Physical Notes (A) to Holders holding Physical Notes having an aggregate principal amount of $2,000,000 or less, by check mailed to the Holders of these Notes at their address as it appears in the Note Register and (B) to Holders holding Physical Notes having an aggregate principal amount of more than $2,000,000, either by check mailed to each Holder or, upon application by such a Holder to the Note Registrar not later than the relevant Regular Record Date, by wire transfer in immediately available funds to that Holder’s account within the United States, which application shall remain in effect until the Holder notifies, in writing, the Note Registrar to the contrary or (ii) on any Global Note by wire transfer of immediately available funds to the account of the Depositary or its nominee.  
		

		
			(c)Any Defaulted Amounts shall forthwith cease to be payable to the Holder on the relevant payment date but shall accrue interest per annum at the rate borne by the Notes plus one percent, subject to the enforceability thereof under applicable law, from, and including, such relevant payment date, and such Defaulted Amounts together with such interest thereon shall be paid by the Company, at its election in each case, as provided in clause (i) or (ii) below:
		

		
			(i)The Company may elect to make payment of any Defaulted Amounts to the Persons in whose names the Notes (or their respective Predecessor Notes) are registered at the close of business on a special record date for the payment of such Defaulted Amounts, which shall be fixed in the following manner.  The Company shall notify the Trustee in writing of the amount of the Defaulted Amounts proposed to be paid on each Note and the date of the proposed payment (which shall be not less than 25 days after the receipt by the Trustee of such notice, unless the Trustee shall consent to an 
		
		
 

		

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		earlier date), and at the same time the Company shall deposit with the Trustee an amount of money equal to the aggregate amount to be paid in respect of such Defaulted Amounts or shall make arrangements satisfactory to the Trustee for such deposit on or prior to the date of the proposed payment, such money when deposited to be held in trust for the benefit of the Persons entitled to such Defaulted Amounts as in this clause provided.  Thereupon the Company shall fix a special record date for the payment of such Defaulted Amounts which shall be not more than 15 days and not less than 10 days prior to the date of the proposed payment, and not less than 10 days after the receipt by the Trustee of the notice of the proposed payment.  The Company shall promptly notify in writing the Trustee of such special record date and the Trustee, in the name and at the expense of the Company, shall cause notice of the proposed payment of such Defaulted Amounts and the special record date therefor to be delivered to each Holder at its address as it appears in the Note Register (or, in the case of Global Notes, by electronic means through the Depositary) not less than 10 days prior to such special record date.  Notice of the proposed payment of such Defaulted Amounts and the special record date therefor having been so delivered such Defaulted Amounts shall be paid to the Persons in whose names the Notes (or their respective Predecessor Notes) are registered at the close of business on such special record date and shall no longer be payable pursuant to the following clause (ii) of this Section 2.03(c).

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

		
			Section 2.04.  Execution, Authentication and Delivery of Notes.  The Notes shall be signed in the name and on behalf of the Company by the manual or facsimile signature of its Chief Executive Officer, President, Chief Financial Officer, Treasurer, Secretary or any of its Executive or Senior Vice Presidents.
		

		
			At any time and from time to time after the execution and delivery of this Indenture, the Company may deliver Notes executed by the Company to the Trustee for authentication, together with a Company Order for the authentication and delivery of such Notes, and the Trustee in accordance with such Company Order shall authenticate and deliver such Notes.
		

		
			Only such Notes as shall bear thereon a certificate of authentication substantially in the form set forth on the form of Note attached as Exhibit A hereto, executed manually by an authorized signatory of the Trustee (or an authenticating agent appointed by the Trustee as provided by Section 17.10), shall be entitled to the benefits of this Indenture or be valid or obligatory for any purpose.  Such certificate by the Trustee (or such an authenticating agent) upon any Note executed by the Company shall be conclusive evidence that the Note so authenticated has been duly authenticated and delivered hereunder and that the Holder is entitled to the benefits of this Indenture.
		

		

		

		 

		

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

		
			Section 2.05.  Exchange and Registration of Transfer of Notes; Restrictions on Transfer; Depositary.    (a) The Company shall cause to be kept at the Corporate Trust Office a register (the register maintained in such office or in any other office or agency of the Company designated pursuant to Section 4.02,  the “Note Register”) in which, subject to such reasonable regulations as it may prescribe, the Company shall provide for the registration of Notes and of transfers of Notes.  Such register shall be in written form or in any form capable of being converted into written form within a reasonable period of time.  The Trustee is hereby initially appointed the “Note Registrar” for the purpose of registering Notes and transfers of Notes as herein provided.  The Company may appoint one or more co-Note Registrars in accordance with Section 4.02.
		

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

		
			Notes may be exchanged for other Notes of any authorized denominations and of a like aggregate principal amount, upon surrender of the Notes to be exchanged at any such office or agency maintained by the Company pursuant to Section 4.02.  Whenever any Notes are so surrendered for exchange, the Company shall execute, and the Trustee shall authenticate and deliver, the Notes that the Holder making the exchange is entitled to receive, bearing registration numbers not contemporaneously outstanding.
		

		
			All Notes presented or surrendered for registration of transfer or for exchange, repurchase, redemption, or conversion shall (if so required by the Company, the Trustee, the Note Registrar or any co-Note Registrar) be duly endorsed, or be accompanied by a written instrument or instruments of transfer in form satisfactory to the Company and Note Registrar and duly executed, by the Holder thereof or its attorney-in-fact duly authorized in writing.
		

		
			No service charge shall be imposed by the Company, the Trustee, the Note Registrar, any co-Note Registrar or the Paying Agent for any exchange or registration of transfer of Notes, but the Company may require a Holder to pay a sum sufficient to cover any documentary, stamp or similar issue or transfer tax required in connection therewith as a result of the name of the Holder of new Notes issued upon such exchange or registration of transfer being different from the name of the Holder of the old Notes surrendered for exchange or registration of transfer.
		

		

		

		 

		

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		None of the Company, the Trustee, the Note Registrar or any co-Note Registrar shall be required to exchange or register a transfer of (i) any Note selected for redemption or, if a portion of any Note is selected for redemption, such portion thereof selected for redemption, (ii) any Notes surrendered for conversion or, if a portion of any Note is surrendered for conversion, such portion thereof surrendered for conversion or (iii) any Notes, or a portion of any Note, surrendered for repurchase (and not withdrawn) in accordance with Article 15.    
		

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

		
			(b)So long as the Notes are eligible for book-entry settlement with the Depositary, unless otherwise required by law, subject to the fourth paragraph from the end of Section 2.05(c) all Notes shall be represented by one or more Notes in global form (each, a “Global Note”) registered in the name of the Depositary or the nominee of the Depositary.  The transfer and exchange of beneficial interests in a Global Note that does not involve the issuance of a Physical Note shall be effected through the Depositary (but not the Trustee or the Custodian) in accordance with this Indenture (including the restrictions on transfer set forth herein) and the procedures of the Depositary therefor.
		

		
			(c)Every Note that bears or is required under this Section 2.05(c) to bear the legend set forth in this Section 2.05(c) (together with any Common Stock issued upon conversion of the Notes that is required to bear the legend set forth in Section 2.05(d), collectively, the “Restricted Securities”) shall be subject to the restrictions on transfer set forth in this Section 2.05(c) (including the legend set forth below), unless such restrictions on transfer shall be eliminated or otherwise waived by written consent of the Company, and the Holder of each such Restricted Security, by such Holder’s acceptance thereof, agrees to be bound by all such restrictions on transfer.  As used in this Section 2.05(c) and Section 2.05(d), the term “transfer” encompasses any sale, pledge, transfer or other disposition whatsoever of any Restricted Security.
		

		
			Until the date (the “Resale Restriction Termination Date”) that is the later of (1) the date that is one year after the last date of original issuance of the Notes, or such shorter period of time as permitted by Rule 144 or any successor provision thereto, and (2) such later date, if any, as may be required by applicable law, any certificate evidencing such Note (and all securities issued in exchange therefor or substitution thereof, other than Common Stock, if any, issued upon conversion thereof, which shall bear the legend set forth in Section 2.05(d), if applicable) shall bear a legend in substantially the following form (unless such Notes have been transferred pursuant to a registration statement that has become or been declared effective under the Securities Act and that continues to be effective at the time of such transfer, or sold pursuant to the exemption from registration provided by Rule 144 or any similar provision then in force under the Securities Act, or unless otherwise agreed by the Company in writing, with notice thereof to the Trustee):
		

		
			THIS SECURITY AND THE COMMON STOCK, IF ANY, ISSUABLE UPON CONVERSION OF THIS SECURITY HAVE NOT BEEN REGISTERED UNDER THE 
		

		 

		

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		SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), AND MAY NOT BE OFFERED, SOLD, PLEDGED OR OTHERWISE TRANSFERRED EXCEPT IN ACCORDANCE WITH THE FOLLOWING SENTENCE. BY ITS ACQUISITION HEREOF OR OF A BENEFICIAL INTEREST HEREIN, THE ACQUIRER:
		

		
			(1)REPRESENTS THAT IT AND ANY ACCOUNT FOR WHICH IT IS ACTING IS A “QUALIFIED INSTITUTIONAL BUYER” (WITHIN THE MEANING OF RULE 144A UNDER THE SECURITIES ACT) AND THAT IT EXERCISES SOLE INVESTMENT DISCRETION WITH RESPECT TO EACH SUCH ACCOUNT, AND
		

		
			(2)AGREES FOR THE BENEFIT OF TUTOR PERINI CORPORATION (THE “COMPANY”) THAT IT WILL NOT OFFER, SELL, PLEDGE OR OTHERWISE TRANSFER THIS SECURITY OR ANY BENEFICIAL INTEREST HEREIN PRIOR TO THE DATE THAT IS THE LATER OF (X) ONE YEAR AFTER THE LAST ORIGINAL ISSUE DATE HEREOF OR SUCH SHORTER PERIOD OF TIME AS PERMITTED BY RULE 144 UNDER THE SECURITIES ACT OR ANY SUCCESSOR PROVISION THERETO AND (Y) SUCH LATER DATE, IF ANY, AS MAY BE REQUIRED BY APPLICABLE LAW, EXCEPT:
		

		
			(A)TO THE COMPANY OR ANY SUBSIDIARY THEREOF, OR
		

		
			(B)PURSUANT TO A REGISTRATION STATEMENT WHICH HAS BECOME EFFECTIVE UNDER THE SECURITIES ACT, OR
		

		
			(C)TO A QUALIFIED INSTITUTIONAL BUYER IN COMPLIANCE WITH RULE 144A UNDER THE SECURITIES ACT, OR
		

		
			(D)PURSUANT TO AN EXEMPTION FROM REGISTRATION PROVIDED BY RULE 144 UNDER THE SECURITIES ACT OR ANY OTHER AVAILABLE EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT.
		

		
			PRIOR TO THE REGISTRATION OF ANY TRANSFER IN ACCORDANCE WITH CLAUSE (2)(D) ABOVE, THE COMPANY AND THE REGISTRAR RESERVE THE RIGHT TO REQUIRE THE DELIVERY OF SUCH LEGAL OPINIONS, CERTIFICATIONS OR OTHER EVIDENCE AS MAY REASONABLY BE REQUIRED IN ORDER TO DETERMINE THAT THE PROPOSED TRANSFER IS BEING MADE IN COMPLIANCE WITH THE SECURITIES ACT AND APPLICABLE STATE SECURITIES LAWS. NO REPRESENTATION IS MADE AS TO THE AVAILABILITY OF ANY EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT.
		

		
			No transfer of any Note prior to the Resale Restriction Termination Date will be registered by the Note Registrar unless the applicable box on the Form of Assignment and Transfer has been checked.
		

		
			Any Note (or security issued in exchange or substitution therefor) (i) as to which such restrictions on transfer shall have expired in accordance with their terms, (ii) that has been 
		

		 

		

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		transferred pursuant to a registration statement that has become effective or been declared effective under the Securities Act and that continues to be effective at the time of such transfer or (iii) that has been sold pursuant to the exemption from registration provided by Rule 144 or any similar provision then in force under the Securities Act, may, upon surrender of such Note for exchange to the Note Registrar in accordance with the provisions of this Section 2.05, be exchanged for a new Note or Notes, of like tenor and aggregate principal amount, which shall not bear the restrictive legends required by this Section 2.05(c) and shall not be assigned a restricted CUSIP number. The Company shall be entitled to instruct the Custodian in writing to so surrender any Global Note as to which any of the conditions set forth in clause (i) through (iii) of the immediately preceding sentence have been satisfied, and, upon such instruction, the Custodian shall so surrender such Global Note for exchange; and any new Global Note so exchanged therefor shall not bear the restrictive legend specified in this Section 2.05(c) and shall not be assigned a restricted CUSIP number.  The Company shall promptly notify in writing the Trustee upon the occurrence of the Resale Restriction Termination Date and promptly after a registration statement, if any, with respect to the Notes or any Common Stock issued upon conversion of the Notes has been declared effective under the Securities Act.
		

		
			Notwithstanding any other provisions of this Indenture (other than the provisions set forth in this Section 2.05(c)), a Global Note may not be transferred as a whole or in part except (i) 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 and (ii) for exchange of a Global Note or a portion thereof for one or more Physical Notes in accordance with the second immediately succeeding paragraph.
		

		
			The Depositary shall be a clearing agency registered under the Exchange Act.  The Company initially appoints The Depository Trust Company to act as Depositary with respect to each Global Note.  Initially, each Global Note shall be issued to the Depositary, registered in the name of Cede & Co., as the nominee of the Depositary, and deposited with the Trustee as custodian for Cede & Co.
		

		
			If (i) the Depositary notifies the Company at any time that the Depositary is unwilling or unable to continue as depositary for the Global Notes and a successor depositary is not appointed within 90 days, (ii) the Depositary ceases to be registered as a clearing agency under the Exchange Act and a successor depositary is not appointed within 90 days or (iii) an Event of Default with respect to the Notes has occurred and is continuing and a beneficial owner of any Note requests that its beneficial interest therein be issued as a Physical Note, the Company shall execute, and the Trustee, upon receipt of an Officers’ Certificate and a Company Order for the authentication and delivery of Notes, shall authenticate and deliver (x) in the case of clause (iii), a Physical Note to such beneficial owner in a principal amount equal to the principal amount of such Note corresponding to such beneficial owner’s beneficial interest and (y) in the case of clause (i) or (ii), Physical Notes to each beneficial owner of the related Global Notes (or a portion thereof) in an aggregate principal amount equal to the aggregate principal amount of such Global Notes in exchange for such Global Notes, and upon delivery of the Global Notes to the Trustee such Global Notes shall be canceled.
		

		

		

		 

		

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		Physical Notes issued in exchange for all or a part of the Global Note pursuant to this Section 2.05(c) shall be registered in such names and in such authorized denominations as the Depositary, pursuant to instructions from its direct or indirect participants or otherwise, or, in the case of clause (iii) of the immediately preceding paragraph, the relevant beneficial owner, shall instruct the Trustee.  Upon execution and authentication, the Trustee shall deliver such Physical Notes to the Persons in whose names such Physical Notes are so registered.
		

		
			At such time as all interests in a Global Note have been converted, canceled, repurchased or transferred, such Global Note shall be, upon receipt thereof, canceled by the Trustee in accordance with standing procedures and existing instructions between the Depositary and the Custodian.  At any time prior to such cancellation, if any interest in a Global Note is exchanged for Physical Notes, converted, canceled, repurchased or transferred to a transferee who receives Physical Notes therefor or any Physical Note is exchanged or transferred for part of such Global Note, the principal amount of such Global Note shall, in accordance with the standing procedures and instructions existing between the Depositary and the Custodian, be appropriately reduced or increased, as the case may be, and an endorsement shall be made on such Global Note, by the Trustee or the Custodian, at the direction of the Trustee, to reflect such reduction or increase.
		

		
			None of the Company, the Trustee or any agent of the Company or the Trustee shall have any responsibility or liability for any aspect of the records relating to or payments made on account of beneficial ownership interests of a Global Note or maintaining, supervising or reviewing any records relating to such beneficial ownership interests.
		

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

		
			THIS SECURITY HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), AND MAY NOT BE OFFERED, SOLD, PLEDGED OR OTHERWISE TRANSFERRED EXCEPT IN ACCORDANCE WITH THE FOLLOWING SENTENCE. BY ITS ACQUISITION HEREOF OR OF A BENEFICIAL INTEREST HEREIN, THE ACQUIRER:
		

		
			(1)REPRESENTS THAT IT AND ANY ACCOUNT FOR WHICH IT IS ACTING IS A “QUALIFIED INSTITUTIONAL BUYER” (WITHIN THE MEANING OF RULE 144A UNDER THE SECURITIES ACT) AND THAT IT EXERCISES SOLE INVESTMENT DISCRETION WITH RESPECT TO EACH SUCH ACCOUNT, AND 
		

		

		

		 

		

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		(2)AGREES FOR THE BENEFIT OF TUTOR PERINI CORPORATION (THE “COMPANY”) THAT IT WILL NOT OFFER, SELL, PLEDGE OR OTHERWISE TRANSFER THIS SECURITY OR ANY BENEFICIAL INTEREST HEREIN PRIOR TO THE DATE THAT IS THE LATER OF (X) ONE YEAR AFTER THE LAST ORIGINAL ISSUE DATE OF THE SERIES OF NOTES UPON THE CONVERSION OF WHICH THIS SECURITY WAS ISSUED OR SUCH SHORTER PERIOD OF TIME AS PERMITTED BY RULE 144 UNDER THE SECURITIES ACT OR ANY SUCCESSOR PROVISION THERETO AND (Y) SUCH LATER DATE, IF ANY, AS MAY BE REQUIRED BY APPLICABLE LAW, EXCEPT:
		

		
			(A)TO THE COMPANY OR ANY SUBSIDIARY THEREOF, OR
		

		
			(B)PURSUANT TO A REGISTRATION STATEMENT WHICH HAS BECOME EFFECTIVE UNDER THE SECURITIES ACT, OR
		

		
			(C)TO A QUALIFIED INSTITUTIONAL BUYER IN COMPLIANCE WITH RULE 144A UNDER THE SECURITIES ACT, OR
		

		
			(D)PURSUANT TO AN EXEMPTION FROM REGISTRATION PROVIDED BY RULE 144 UNDER THE SECURITIES ACT OR ANY OTHER AVAILABLE EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT.
		

		
			PRIOR TO THE REGISTRATION OF ANY TRANSFER IN ACCORDANCE WITH CLAUSE (2)(D) ABOVE, THE COMPANY AND THE TRANSFER AGENT FOR THE COMPANY’S COMMON STOCK RESERVE THE RIGHT TO REQUIRE THE DELIVERY OF SUCH LEGAL OPINIONS, CERTIFICATIONS OR OTHER EVIDENCE AS MAY REASONABLY BE REQUIRED IN ORDER TO DETERMINE THAT THE PROPOSED TRANSFER IS BEING MADE IN COMPLIANCE WITH THE SECURITIES ACT AND APPLICABLE STATE SECURITIES LAWS. NO REPRESENTATION IS MADE AS TO THE AVAILABILITY OF ANY EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT.
		

		
			Any such Common Stock (i) as to which such restrictions on transfer shall have expired in accordance with their terms, (ii) that has been transferred pursuant to a registration statement that has become or been declared effective under the Securities Act and that continues to be effective at the time of such transfer or (iii) that has been sold pursuant to the exemption from registration provided by Rule 144 or any similar provision then in force under the Securities Act, may, upon surrender of the certificates representing such shares of Common Stock for exchange in accordance with the procedures of the transfer agent for the Common Stock, be exchanged for a new certificate or certificates for a like aggregate number of shares of Common Stock, which shall not bear the restrictive legend required by this Section 2.05(d).
		

		
			(e)Any Note or Common Stock issued upon the conversion or exchange of a Note that is repurchased or owned by any Affiliate of the Company (or any Person who was an Affiliate of the Company at any time during the three months preceding) may not be resold by such Affiliate 
		

		 

		

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		(or such Person, as the case may be) unless registered under the Securities Act or resold pursuant to an exemption from the registration requirements of the Securities Act in a transaction that results in such Note or Common Stock, as the case may be, no longer being a “restricted security” (as defined under Rule 144).  
		

		
			(f)None of the Trustee, the Note Registrar or the Conversion Agent shall have any duty to monitor the Company’s compliance with or have any responsibility with respect to the Company’s compliance with any federal or state securities laws in connection with registrations of and transfers and exchanges or conversions of the Notes. The Trustee shall have no obligation or duty to monitor, determine or inquire as to compliance with any restrictions on transfer imposed under this Indenture or under applicable law with respect to any transfer of any interest in any Note (including any transfers between or among Depositary participants or beneficial owners of interests in any Global Note) other than to require delivery of such certificates and other documentation or evidence as are expressly required by, and to do so if and when expressly required by the terms of, this Indenture, and to examine the same to determine substantial compliance as to form with the express requirements hereof.
		

		
			(g)Neither the Trustee nor any agent shall have any responsibility or liability for any actions taken or not taken by the Depositary.
		

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

		
			The Trustee or such authenticating agent may authenticate any such substituted Note and deliver the same upon the receipt of such security or indemnity as the Trustee, the Company and, if applicable, such authenticating agent may require.  No service charge shall be imposed by the Company, the Trustee, the Note Registrar, any co-Note Registrar or the Paying Agent upon the issuance of any substitute Note, but the Company may require a Holder to pay a sum sufficient to cover any documentary, stamp or similar issue or transfer tax required in connection therewith as a result of the name of the Holder of the new substitute Note being different from the name of the Holder of the old Note that became mutilated or was destroyed, lost or stolen.  In case any Note that has matured or is about to mature or has been surrendered for required repurchase or is about to be converted in accordance with Article 14 shall become mutilated or be destroyed, lost or stolen, the Company may, in its sole discretion, instead of issuing a substitute Note, pay or authorize the payment of or convert or authorize the conversion of the same (without surrender thereof except in the case of a mutilated Note), as the case may be, if the applicant for such 
		

		 

		

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		payment or conversion shall furnish to the Company, to the Trustee and, if applicable, to such authenticating agent such security or indemnity as may be required by them to save each of them harmless for any loss, liability, cost or expense caused by or connected with such substitution, and, in every case of destruction, loss or theft, evidence satisfactory to the Company, the Trustee and, if applicable, any Paying Agent or Conversion Agent evidence of their satisfaction of the destruction, loss or theft of such Note and of the ownership thereof.
		

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

		
			Section 2.07.  Temporary Notes.  Pending the preparation of Physical Notes, the Company may execute and the Trustee or an authenticating agent appointed by the Trustee shall, upon written request of the Company, authenticate and deliver temporary Notes (printed or lithographed).  Temporary Notes shall be issuable in any authorized denomination, and substantially in the form of the Physical Notes but with such omissions, insertions and variations as may be appropriate for temporary Notes, all as may be determined by the Company.  Every such temporary Note shall be executed by the Company and authenticated by the Trustee or such authenticating agent upon the same conditions and in substantially the same manner, and with the same effect, as the Physical Notes.  Without unreasonable delay, the Company shall execute and deliver to the Trustee or such authenticating agent Physical Notes (other than any Global Note) and thereupon any or all temporary Notes (other than any Global Note) may be surrendered in exchange therefor, at each office or agency maintained by the Company pursuant to Section 4.02 and the Trustee or such authenticating agent shall authenticate and deliver in exchange for such temporary Notes an equal aggregate principal amount of Physical Notes.  Such exchange shall be made by the Company at its own expense and without any charge therefor.  Until so exchanged, the temporary Notes shall in all respects be entitled to the same benefits and subject to the same limitations under this Indenture as Physical Notes authenticated and delivered hereunder.
		

		
			Section 2.08.  Cancellation of Notes Paid, Converted, Etc.  The Company shall cause all Notes surrendered for the purpose of payment, registration of transfer or exchange, redemption or conversion, if surrendered to any Person other than the Trustee (including any of the Company’s agents, Subsidiaries or Affiliates), to be surrendered to the Trustee for cancellation.  All Notes delivered to the Trustee shall be canceled promptly by it, and no Notes shall be authenticated in exchange thereof except as expressly permitted by any of the provisions of this Indenture.  The Trustee shall dispose of canceled Notes in accordance with its customary 
		

		 

		

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		procedures and, after such disposition, shall deliver a certificate of such disposition to the Company, at the Company’s written request in a Company Order.  
		

		
			Section 2.09.  CUSIP Numbers.  The Company in issuing the Notes may use one or more “CUSIP” numbers (or the equivalent thereof) (if then generally in use), and, if so, the Trustee shall use “CUSIP” numbers in all notices issued to Holders as a convenience to such Holders; provided that any such notice may state that no representation is made as to the correctness of such numbers either as printed on the Notes or on such notice and that reliance may be placed only on the other identification numbers printed on the Notes.  The Company shall promptly notify the Trustee in writing of any change in the “CUSIP” numbers.  
		

		
			Section 2.10.  Additional Notes; Repurchases.    
		

		
			(a)The Company may, without the consent of the Holders and notwithstanding Section 2.01, reopen this Indenture and issue additional Notes hereunder with the same terms as the Notes initially issued hereunder (other than differences in the issue price and interest accrued prior to the issue date of such additional Notes) in an unlimited aggregate principal amount; provided that if any such additional Notes are not fungible with the Notes initially issued hereunder for U.S. federal income tax purposes, such additional Notes shall have a separate CUSIP number.  Prior to the issuance of any such additional Notes, the Company shall deliver to the Trustee a Company Order, an Officers’ Certificate and an Opinion of Counsel, such Officers’ Certificate and Opinion of Counsel to cover such matters, in addition to those required by Section 17.05, as the Trustee shall reasonably request.  
		

		
			(b)In addition, the Company may, to the extent permitted by law, and directly or indirectly (regardless of whether such Notes are surrendered to the Company), repurchase Notes in the open market or otherwise, whether by the Company or its Subsidiaries or through a private or public tender or exchange offer or through counterparties to private agreements, including by cash-settled swaps or other derivatives.  The Company will notify the Trustee of any such repurchase on or prior to 5:00 p.m. New York City time on the settlement date thereof and will cause any Notes so repurchased (other than Notes repurchased pursuant to cash-settled swaps or other derivatives that are not physically settled) (x) to be surrendered to the Trustee for cancellation, and they will no longer be considered “outstanding” upon their repurchase or (y) if such Notes represent beneficial interests in one or more Global Notes, to be exchanged for Notes issued in physical, certificated form and, regardless of the format of such notes, to be subject to the limitations set forth in the following sentence. Notwithstanding anything to the contrary in this Indenture or such repurchased Notes, in no event shall any such repurchased Notes described in clause (y) of the immediately preceding sentence be (i) offered, sold, pledged or otherwise transferred or (ii) converted or redeemed, in each case, whether by the Company or its Subsidiaries or any of its respective agents or affiliates.  
		

		
			Article 3
Satisfaction and Discharge
		

		
			Section 3.01.  Satisfaction and Discharge.  This Indenture shall upon request of the Company contained in an Officers’ Certificate cease to be of further effect, and the Trustee, at 
		

		 

		

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		the expense of the Company, shall execute such instruments reasonably requested by the Company acknowledging satisfaction and discharge of this Indenture, when (a) (i) all Notes theretofore authenticated and delivered (other than Notes which have been destroyed, lost or stolen and which have been replaced, paid or converted as provided in Section 2.06) have been delivered to the Trustee for cancellation; or (ii) the Company has deposited with the Trustee or delivered to Holders, as applicable, after the Notes have become due and payable, whether on the Maturity Date, any Fundamental Change Repurchase Date, upon conversion, redemption or otherwise, cash, shares of Common Stock or a combination thereof, as applicable, solely to satisfy the Company’s Conversion Obligation, sufficient to pay all of the outstanding Notes and all other sums due and payable under this Indenture by the Company; and (b) the Company has delivered to the Trustee an Officers’ Certificate and an Opinion of Counsel, each stating that all conditions precedent herein provided for relating to the satisfaction and discharge of this Indenture have been complied with.  Notwithstanding the satisfaction and discharge of this Indenture, the obligations of the Company to the Trustee under Section 7.06 shall survive. 
		

		
			Article 4
Particular Covenants of the Company
		

		
			Section 4.01.  Payment of Principal and Interest.  The Company covenants and agrees that it will cause to be paid the principal (including the Fundamental Change Repurchase Price, if applicable) of, and accrued and unpaid interest (including any Additional Interest) on, each of the Notes at the places, at the respective times and in the manner provided herein and in the Notes.  
		

		
			Section 4.02.  Maintenance of Office or Agency.  The Company will maintain in the continental United States an office or agency where the Notes may be surrendered for registration of transfer or exchange or for presentation for payment, redemption, or repurchase (“Paying Agent”) or for conversion (“Conversion Agent”) and where notices and demands to or upon the Company in respect of the Notes and this Indenture may be served.  The Company will give prompt written notice to the Trustee of the location, and any change in the location, of such office or agency.  If at any time the Company shall fail to maintain any such required office or agency or shall fail to furnish the Trustee with the address thereof, such presentations, surrenders, notices and demands may be made or served at the Corporate Trust Office. 
		

		
			The Company may also from time to time designate as co-Note Registrars one or more other offices or agencies where the Notes may be presented or surrendered for any or all such purposes and may from time to time rescind such designations; provided that no such designation or rescission shall in any manner relieve the Company of its obligation to maintain an office or agency in the United States for such purposes.  The Company will give prompt written notice to the Trustee of any such designation or rescission and of any change in the location of any such other office or agency.  The terms “Paying Agent” and “Conversion Agent” include any such additional or other offices or agencies, as applicable.
		

		
			The Company hereby initially designates the Trustee as the Paying Agent, Note Registrar, Custodian and Conversion Agent and the Corporate Trust Office as the office or agency in the United States where Notes may be surrendered for registration of transfer or exchange or for presentation for payment or repurchase or for conversion and where notices and 
		

		 

		

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		demands to or upon the Company in respect of the Notes and this Indenture may be served; provided that, the Corporate Trust Office of the Trustee shall not be an office or agency of the Company for the purpose of effecting service of legal process on the Company.  
		

		
			Section 4.03.  Appointments to Fill Vacancies in Trustee’s Office.  The Company, whenever necessary to avoid or fill a vacancy in the office of Trustee, will appoint, in the manner provided in Section 7.09, a Trustee, so that there shall at all times be a Trustee hereunder.
		

		
			Section 4.04.  Provisions as to Paying Agent.    (a) If the Company shall appoint a Paying Agent other than the Trustee, the Company will cause such Paying Agent to execute and deliver to the Trustee an instrument in which such agent shall agree with the Trustee, subject to the provisions of this Section 4.04:
		

		
			(i)that it will hold all sums held by it as such agent for the payment of the principal (including the Fundamental Change Repurchase Price, if applicable) of, and accrued and unpaid interest on, the Notes in trust for the benefit of the Holders of the Notes;
		

		
			(ii)that it will give the Trustee prompt notice of any failure by the Company to make any payment of the principal (including the Fundamental Change Repurchase Price, if applicable) of, and accrued and unpaid interest on, the Notes when the same shall be due and payable; and
		

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

		
			The Company shall, on or before each due date of the principal (including the Fundamental Change Repurchase Price, if applicable) of, or accrued and unpaid interest on, the Notes, deposit with the Paying Agent a sum sufficient to pay such principal (including the Fundamental Change Repurchase Price, if applicable) or accrued and unpaid interest, and (unless such Paying Agent is the Trustee) the Company will promptly notify the Trustee of any failure to take such action; provided that if such deposit is made on the due date, such deposit must be received by the Paying Agent by 11:00 a.m., New York City time, on such date.
		

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

		
			(c)Anything in this Section 4.04 to the contrary notwithstanding, the Company may, at any time, for the purpose of obtaining a satisfaction and discharge of this Indenture, or for any other reason, pay, cause to be paid or deliver to the Trustee all sums or amounts held in trust by 
		

		 

		

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		the Company or any Paying Agent hereunder as required by this Section 4.04, such sums or amounts to be held by the Trustee upon the trusts herein contained and upon such payment or delivery by the Company or any Paying Agent to the Trustee, the Company or such Paying Agent shall be released from all further liability but only with respect to such sums or amounts.
		

		
			(d)Any money and shares of Common Stock deposited with the Trustee or any Paying Agent, or then held by the Company, in trust for the payment of the principal (including the Fundamental Change Repurchase Price, if applicable) of, accrued and unpaid interest on and the consideration due upon conversion of any Note and remaining unclaimed for two years after such principal (including the Fundamental Change Repurchase Price, if applicable), interest or consideration due upon conversion has become due and payable shall be paid to the Company on request of the Company contained in an Officers’ Certificate, or (if then held by the Company) shall be discharged from such trust; and the Holder of such Note shall thereafter, as an unsecured general creditor, look only to the Company for payment thereof, and all liability of the Trustee or such Paying Agent with respect to such trust money and shares of Common Stock, and all liability of the Company as trustee thereof, shall thereupon cease.
		

		
			Section 4.05.  Existence.  Subject to Article 11, the Company shall do or cause to be done all things necessary to preserve and keep in full force and effect its corporate existence.
		

		
			Section 4.06.  Rule 144A Information Requirement and Annual Reports.    (a)  At any time the Company is not subject to Section 13 or 15(d) of the Exchange Act, the Company shall, so long as any of the Notes or any shares of Common Stock issuable upon conversion thereof shall, at such time, constitute “restricted securities” within the meaning of Rule 144(a)(3) under the Securities Act, promptly provide to the Trustee and, upon written request, any Holder, beneficial owner or prospective purchaser of such Notes or any shares of Common Stock issuable upon conversion of such Notes, the information required to be delivered pursuant to Rule 144A(d)(4) under the Securities Act to facilitate the resale of such Notes or shares of Common Stock pursuant to Rule 144A.  The Company shall take such further action as any Holder or beneficial owner of such Notes or such Common Stock may reasonably request to the extent from time to time required to enable such Holder or beneficial owner to sell such Notes or shares of Common Stock in accordance with Rule 144A, as such rule may be amended from time to time.
		

		
			(b)The Company shall file with the Trustee, within 15 days after the same are required to be filed with the Commission, copies of any documents or reports that the Company is required to file with the Commission pursuant to Section 13 or 15(d) of the Exchange Act (giving effect to any grace period provided by Rule 12b-25 under the Exchange Act).  Any such document or report that the Company files with the Commission via the Commission’s EDGAR system shall be deemed to be filed with the Trustee for purposes of this Section 4.06(b) at the time such documents are filed via the EDGAR system, it being understood that the Trustee shall not be responsible for determining whether such filings have been made.  
		

		
			(c)Delivery of the reports and documents described in subsection (b) above to the Trustee is for informational purposes only, and the Trustee’s receipt of such shall not constitute constructive notice of any information contained therein or determinable from information 
		

		 

		

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		contained therein, including the Company’s compliance with any of its covenants hereunder (as to which the Trustee is entitled to conclusively rely on an Officers’ Certificate).
		

		
			(d)If, at any time during the six-month period beginning on, and including, the date that is six months after the last date of original issuance of the Notes, the Company fails to timely file any document or report that it is required to file with the Commission pursuant to Section 13 or 15(d) of the Exchange Act, as applicable (after giving effect to all applicable grace periods thereunder and other than reports on Form 8-K), or the Notes are not otherwise freely tradable by Holders other than the Company’s Affiliates or Holders that were the Company’s Affiliates at any time during the three months preceding (as a result of restrictions pursuant to U.S. securities laws or the terms of this Indenture or the Notes), the Company shall pay Additional Interest on the Notes.  Such Additional Interest shall accrue on the Notes at the rate of 0.50% per annum of the principal amount of the Notes outstanding for each day during such period for which the Company’s failure to file has occurred and is continuing or the Notes are not otherwise freely tradable by Holders other than the Company’s Affiliates (or Holders that have been the Company’s Affiliates at any time during the three months preceding) without restrictions pursuant to U.S. securities laws or the terms of this Indenture or the Notes.  As used in this Section 4.06(d), documents or reports that the Company is required to “file” with the Commission pursuant to Section 13 or 15(d) of the Exchange Act does not include documents or reports that the Company furnishes to the Commission pursuant to Section 13 or 15(d) of the Exchange Act.  
		

		
			(e)If, and for so long as, the restrictive legend on the Notes specified in Section 2.05(c) has not been removed, the Notes are assigned a restricted CUSIP or the Notes are not otherwise freely tradable by Holders other than the Company’s Affiliates or Holders that were the Company’s Affiliates at any time during the three months preceding (without restrictions pursuant to U.S. securities laws or the terms of this Indenture or the Notes) as of the 380th day after the last date of original issuance of the Notes, the Company shall pay Additional Interest on the Notes at a rate equal to 0.50% per annum of the principal amount of Notes outstanding until the restrictive legend on the Notes has been removed in accordance with Section 2.05(c), the Notes are assigned an unrestricted CUSIP and the Notes are freely tradable by Holders other than the Company’s Affiliates (or Holders that were the Company’s Affiliates at any time during the three months preceding) (without restrictions pursuant to U.S. securities laws or the terms of this Indenture or the Notes).  
		

		
			(f)Additional Interest will be payable in arrears on each Interest Payment Date following accrual in the same manner as regular interest on the Notes.  
		

		
			(g)The Additional Interest that is payable in accordance with Section 4.06(d) or Section 4.06(e) shall be in addition to, and not in lieu of, any Additional Interest that may be payable as a result of the Company’s election pursuant to Section 6.03.
		

		
			(h)If Additional Interest is payable by the Company pursuant to Section 4.06(d) or Section 4.06(e), the Company shall deliver to the Trustee an Officers’ Certificate to that effect stating (i) the amount of such Additional Interest that is payable and (ii) the date on which such Additional Interest is payable.  Unless and until a Responsible Officer of the Trustee receives at 
		

		 

		

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		the Corporate Trust Office such a certificate, the Trustee may assume without inquiry that no such Additional Interest is payable.  If the Company has paid Additional Interest directly to the Persons entitled to it, the Company shall deliver to the Trustee an Officers’ Certificate setting forth the particulars of such payment. The Trustee shall have no duty to determine or verify the Company’s determination of whether and to what extent Additional Interest is payable.
		

		
			Section 4.07.  Stay, Extension and Usury Laws.  The Company covenants (to the extent that it may lawfully do so) that it shall not at any time insist upon, plead, or in any manner whatsoever claim or take the benefit or advantage of, any usury law that would prohibit or forgive the Company from paying all or any portion of the principal of or interest on the Notes as contemplated herein, wherever enacted, now or at any time hereafter in force, or that may affect the covenants or the performance of this Indenture; and the Company (to the extent it may lawfully do so) hereby expressly waives all benefit or advantage of any such law.
		

		
			Section 4.08.  Compliance Certificate; Statements as to Defaults.  The Company shall deliver to the Trustee within 120 days after the end of each fiscal year of the Company (beginning with the fiscal year ending on December 31, 2016) an Officers’ Certificate stating whether the signers thereof have knowledge of any failure by the Company to comply with all conditions and covenants then required to be performed under this Indenture and, if so, specifying each such failure and the nature thereof and the action that the Company is taking or proposing to take in respect thereof.
		

		
			In addition, the Company shall deliver to the Trustee, as soon as possible, and in any event within 30 days after the occurrence of any Event of Default or Default, an Officers’ Certificate setting forth the details of such Event of Default or Default, its status and the action that the Company is taking or proposing to take in respect thereof.
		

		
			Section 4.09.  Further Instruments and Acts.  Upon request of the Trustee, the Company will execute and deliver such further instruments and do such further acts as may be reasonably necessary or proper to carry out more effectively the purposes of this Indenture.
		

		
			Section 4.10.  Additional Amounts.    
		

		
			(a)If the Company converts to, consolidates with, merges with or into, or sells, conveys, transfers or leases all or substantially all of the Company’s properties and assets to, another Person pursuant to Section 11.01, and the Successor Company is not organized and validly existing under the laws of the United States of America, any State thereof or the District of Columbia, then all payments and deliveries made by, or on behalf of, the Successor Company under or with respect to the Notes, including, but not limited to, payments of principal (including, if applicable, the Fundamental Change Repurchase Price), payments of interest, the Redemption Price, and deliveries of Common Stock or other Reference Property and/or payments of cash shall be made without withholding or deduction for, or on account of, any present or future taxes, duties, assessments or governmental charges (including, without limitation, penalties and interest and other similar liabilities related thereto) (“Taxes”), unless such withholding or deduction is required by law. If a deduction or withholding for, or on account of, any Taxes of whatever nature imposed or levied by, or by a taxing authority within, 
		
		
 

		

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		any jurisdiction in which the Successor Company is, for tax purposes, organized or resident or doing business or through which payment is made or deemed made by or on behalf of the Successor Company for purposes of the tax law of that jurisdiction (or any political subdivision or taxing authority thereof or therein) (each, as applicable, a “Relevant Taxing Jurisdiction”), the Successor Company shall pay such additional amounts (the “Additional Amounts”) as may be necessary to ensure that the net amount received by the beneficial owner after such withholding or deduction (and after deducting or withholding any taxes imposed or levied by a Relevant Taxing Jurisdiction on the Additional Amounts) shall equal the amounts that would have been received by such beneficial owner had no such withholding or deduction been required; provided that no Additional Amounts shall be payable:

		
		
			(i)for or on account of:
		

		
			(A)any Tax to the extent that such Tax would not have been imposed but for:
		

		
			(1)the existence of any present or former connection between the Holder or beneficial owner of such Note and the Relevant Taxing Jurisdiction, other than merely holding such Note or the enforcement or receipt of payments thereunder or in respect of any Note, including, without limitation, such Holder or beneficial owner being or having been a national, domiciliary or resident of such Relevant Taxing Jurisdiction or treated as a resident thereof or being or having been physically present or engaged in a trade or business therein or having or having had a permanent establishment therein;
		

		
			(2)the presentation of such Note (in cases in which presentation is required) more than 30 days after the later of the date on which the payment of the principal of (including the Redemption Price or the Fundamental Change Repurchase Price, if applicable) and interest on, such Note or the delivery of Common Stock and other Reference Property and/or payments of cash became due and payable pursuant to the terms thereof or was made or duly provided for (except to the extent that the Holder or beneficial owner would have been entitled to Additional Amounts had the Note been presented on the last day of such 30-day period); or
		

		
			(3)the failure of the Holder or beneficial owner, to the extent they were legally entitled to do so, to comply with a timely request from the Successor Company to that Holder or beneficial owner, in writing at least 90 days before such withholding or deduction would be payable, to provide certification, information, documents or other evidence concerning such Holder’s or beneficial owner’s nationality, residence, identity or connection with the Relevant Taxing Jurisdiction, or to make any declaration or satisfy any other reporting requirement (to the extent such Holder or beneficial owner is legally eligible to do so) 
		

		 

		

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		relating to such matters, if and to the extent that due and timely compliance with such request is required by statute, regulation or administrative practice of the Relevant Taxing Jurisdiction in order to reduce or eliminate any withholding or deduction as to which Additional Amounts would have otherwise been payable to such Holder or beneficial owner;
		

		
			(B)any estate, inheritance, gift, sale, transfer, excise, personal property or similar Tax;
		

		
			(C)any Tax to the extent that such Tax is required to be imposed pursuant to European Council Directive 2003/48/EC or any other directive implementing the conclusions of the ECOFIN Council meetings of November 26 and 27, 2000 on the taxation of savings income or any law implementing or complying with, or introduced in order to conform to, any such directives;
		

		
			(D)any Tax that is payable otherwise than by withholding or deduction from payments or deliveries under or with respect to the Notes;
		

		
			(E)any Tax required by sections 1471 through 1474 of the United States Internal Revenue Code of 1986, as amended (“FATCA”), any current or future Treasury Regulations or rulings promulgated thereunder, any intergovernmental agreement between the United States and any other jurisdiction to implement FATCA or any law enacted by such other jurisdiction to give effect to such agreement, or any agreement with the U.S. Internal Revenue Service under FATCA; or
		

		
			(F)any combination of taxes referred to in the preceding clauses (A) through (E); or
		

		
			(ii)with respect to any payment of the principal of (including the Fundamental Change Repurchase Price, if applicable) and interest on, such Note or the delivery of Common Stock or other Reference Property and/or payments of cash to a Holder, if the Holder is a fiduciary, partnership or person other than the sole beneficial owner of that payment to the extent that such payment would be required to be included in the income under the laws of the Relevant Taxing Jurisdiction, for tax purposes, of a beneficiary or settlor with respect to the fiduciary, a partner or member of that partnership or a beneficial owner who would not have been entitled to such Additional Amounts had that beneficiary, settlor, partner, member or beneficial owner been the Holder thereof.
		

		
			In addition to the foregoing, the Successor Company will pay and indemnify the Holder or beneficial owner for any present or future stamp, issue, registration, transfer, court or documentary taxes, or any other excise or property taxes, charges or similar levies or Taxes levied by any jurisdiction on the execution, delivery, registration or enforcement of any of the Notes (other than on or in connection with a transfer of the Notes other than the initial sale by the 
		

		 

		

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		initial purchasers) or any other document or instrument referred to therein, or the receipt of any payments with respect thereto (limited, solely in the case of taxes attributable to the receipt of any payments with respect thereto, to any such taxes imposed in a Relevant Taxing Jurisdiction that are not excluded under sections 4.10(a)(i)(A) through (C), 4.10(a)(i)(E) and 4.10(a)(ii) or any combination thereof).
		

		
			If the Successor Company becomes aware that it will be obligated to pay Additional Amounts with respect to any payment under or with respect to the Notes, the Successor Company will deliver to the Trustee on a date at least 30 days prior to the date of payment (unless the obligation to pay Additional Amounts arises after the 30th day prior to that payment date, in which case the Successor Company shall notify the Trustee promptly thereafter) an Officers’ Certificate stating the fact that Additional Amounts will be payable and the amount estimated to be so payable.  The Officers’ Certificate must also set forth any other information reasonably necessary to enable the Paying Agent to pay Additional Amounts on the relevant payment date.  The Trustee shall be entitled to rely solely on such Officers’ Certificate as conclusive proof that such payments are necessary.
		

		
			(b)If the Successor Company is required to make any deduction or withholding from any payments with respect to the Notes, the Successor Company will deliver to the Trustee and to the Holders, within 60 days after the date the payment of any Taxes so deducted or withheld is made, certified copies of official tax receipts evidencing the remittance to the relevant tax authorities of the amounts so withheld or deducted or other evidence demonstrating the payment of such Tax.  If the relevant deduction or withholding from a payment is required to be made by a Person other than the Company or the Paying Agent, the Company’s obligation to pay Additional Amounts shall be conditioned on its receipt of prior, written notice thereof reasonably satisfactory to the Company from the Holder or beneficial owner.
		

		
			(c)Any reference in this Indenture or the Notes in any context to the delivery of Common Stock or other Reference Property and/or payments of cash, in each case, upon conversion of any Note or the payment of principal of (including the Fundamental Change Repurchase Price, if applicable) and interest on, any Note or any other amount payable with respect to such Note, shall be deemed to include payment of Additional Amounts to the extent that, in such context, Additional Amounts are, were or would be payable in respect thereof pursuant to this Section 4.10. 
		

		
			(d)The Trustee shall have no duty to determine whether and to what extent Additional Amounts are due.
		

		
			(e)The obligations under this Section 4.10 shall survive any termination or discharge of this Indenture and any transfer by a Holder or beneficial owner of its Notes.
		

		
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			Article 5
Lists of Holders and Reports by the Company and the Trustee
		

		
			Section 5.01.  Lists of Holders.  The Company covenants and agrees that it will furnish or cause to be furnished to the Trustee, semi-annually, not more than 15 days after each June 1 and December 1 in each year beginning with December 15, 2016, and at such other times as the Trustee may request in writing, within 30 days after receipt by the Company of any such request (or such lesser time as the Trustee may reasonably request in order to enable it to timely provide any notice to be provided by it hereunder), a list in such form as the Trustee may reasonably require of the names and addresses of the Holders as of a date not more than 15 days (or such other date as the Trustee may reasonably request in order to so provide any such notices) prior to the time such information is furnished, except that no such list need be furnished so long as the Trustee is acting as Note Registrar.
		

		
			Section 5.02.  Preservation and Disclosure of Lists.  The Trustee shall preserve, in as current a form as is reasonably practicable, all information as to the names and addresses of the Holders contained in the most recent list furnished to it as provided in Section 5.01 or maintained by the Trustee in its capacity as Note Registrar, if so acting.  The Trustee may destroy any list furnished to it as provided in Section 5.01 upon receipt of a new list so furnished.
		

		
			Article 6
Defaults and Remedies
		

		
			Section 6.01.  Events of Default.  Each of the following events shall be an “Event of Default” with respect to the Notes:
		

		
			(a)default in any payment of interest on any Note when due and payable, and the default continues for a period of 30 days;
		

		
			(b)default in the payment of principal of any Note when due and payable on the Maturity Date, upon any required repurchase, upon optional redemption, upon declaration of acceleration or otherwise;
		

		
			(c)failure by the Company to comply with its obligation to convert the Notes in accordance with this Indenture upon exercise of a Holder’s conversion right and such failure continues for a period of 5 Business Days;
		

		
			(d)failure by the Company to issue a Fundamental Change Company Notice in accordance with Section 15.02(c) or notice of a specified corporate event in accordance with Section 14.01(b)(ii) or 14.01(b)(iii), in each case, when due and such failure continues for a period of 5 Business Days;
		

		
			(e)failure by the Company to comply with its obligations under Article 11;
		

		
			(f)failure by the Company for 60 days after written notice from the Trustee or the Holders of at least 25% in principal amount of the Notes then outstanding has been received by 
		

		 

		

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		the Company to comply with any of its other agreements contained in the Notes or this Indenture;
		

		
			(g)default by the Company or any Subsidiary of the Company with respect to any mortgage, agreement or other instrument under which there may be outstanding, or by which there may be secured or evidenced, any indebtedness for money borrowed in excess of $25 million (or its foreign currency equivalent) in the aggregate of the Company and/or any such Subsidiary, whether such indebtedness now exists or shall hereafter be created (i) resulting in such indebtedness becoming or being declared due and payable or (ii) constituting a failure to pay the principal or interest of any such indebtedness when due and payable at its stated maturity, upon redemption, upon required repurchase, upon declaration of acceleration or otherwise;
		

		
			(h)a final judgment or judgments for the payment of $25 million (or its foreign currency equivalent) or more (excluding any amounts covered by insurance) in the aggregate rendered against the Company or any Subsidiary of the Company, which judgment is not discharged, paid, bonded, waived or stayed within 60 days after (i) the date on which the right to appeal thereof has expired if no such appeal has commenced, or (ii) the date on which all rights to appeal have been extinguished;
		

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

		
			(j)an involuntary case or other proceeding shall be commenced against the Company or any Significant Subsidiary seeking liquidation, reorganization or other relief with respect to the Company or such Significant Subsidiary or its debts under any bankruptcy, insolvency or other similar law now or hereafter in effect or seeking the appointment of a trustee, receiver, liquidator, custodian or other similar official of the Company or such Significant Subsidiary or any substantial part of its property, and such involuntary case or other proceeding shall remain undismissed and unstayed for a period of 90 consecutive days.
		

		
			Notwithstanding anything contained herein, a failure event described in sub clause (i) of clause (g) above shall not constitute an Event of Default until such indebtedness becomes due and payable.
		

		
			Section 6.02.  Acceleration; Rescission and Annulment.  If one or more Events of Default shall have occurred and be continuing (whatever the reason for such Event of Default and whether it shall be voluntary or involuntary or be effected by operation of law or pursuant to any judgment, decree or order of any court or any order, rule or regulation of any administrative or 
		

		 

		

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		governmental body), then, and in each and every such case (other than an Event of Default specified in Section 6.01(i) or Section 6.01(j) with respect to the Company), unless the principal of all of the Notes shall have already become due and payable, either the Trustee or the Holders of at least 25% in aggregate principal amount of the Notes then outstanding determined in accordance with Section 8.04, by notice in writing to the Company (and to the Trustee if given by Holders), may declare 100% of the principal of, and accrued and unpaid interest on, all the Notes to be due and payable immediately, and upon any such declaration the same shall become and shall automatically be immediately due and payable, anything contained in this Indenture or in the Notes to the contrary notwithstanding.  If an Event of Default specified in Section 6.01(i) or Section 6.01(j) with respect to the Company occurs and is continuing, 100% of the principal of, and accrued and unpaid interest, if any, on, all Notes shall become and shall automatically be immediately due and payable.  
		

		
			The immediately preceding paragraph, however, is subject to the conditions that if, at any time after the principal of the Notes shall have been so declared due and payable, and before any judgment or decree for the payment of the monies due shall have been obtained or entered as hereinafter provided, the Company shall pay or shall deposit with the Trustee a sum sufficient to pay installments of accrued and unpaid interest upon all Notes and the principal of any and all Notes that shall have become due otherwise than by acceleration (with interest on overdue installments of accrued and unpaid interest to the extent that payment of such interest is enforceable under applicable law, and on such principal at the rate borne by the Notes plus one percent at such time) and amounts due to the Trustee pursuant to Section 7.06, and if (1) rescission would not conflict with any judgment or decree of a court of competent jurisdiction and (2) any and all existing Events of Default under this Indenture, other than the nonpayment of the principal of and accrued and unpaid interest, if any, on Notes that shall have become due solely by such acceleration, shall have been cured or waived pursuant to Section 6.09, then and in every such case (except as provided in the immediately succeeding sentence) the Holders of a majority in aggregate principal amount of the Notes then outstanding, by written notice to the Company and to the Trustee, may waive all Defaults or Events of Default with respect to the Notes and rescind and annul such declaration and its consequences and such Default shall cease to exist, and any Event of Default arising therefrom shall be deemed to have been cured for every purpose of this Indenture; but no such waiver or rescission and annulment shall extend to or shall affect any subsequent Default or Event of Default, or shall impair any right consequent thereon.  Notwithstanding anything to the contrary herein, no such waiver or rescission and annulment shall extend to or shall affect any Default or Event of Default resulting from (i) the nonpayment of the principal (including the Fundamental Change Repurchase Price, if applicable) of, or accrued and unpaid interest on, any Notes, (ii) a failure to repurchase any Notes when required or (iii) a failure to pay or deliver, as the case may be, the consideration due upon conversion of the Notes.
		

		
			Section 6.03.  Additional Interest.  Notwithstanding anything in this Indenture or in the Notes to the contrary, to the extent the Company elects, the sole remedy for an Event of Default relating to the Company’s failure to comply with its obligations as set forth in Section 4.06(b) shall for the first 180 days after the occurrence of such an Event of Default (which, for the avoidance of doubt, shall not commence until the notice described in Section 6.01(f) is received and the related 60-day period has passed) consist exclusively of the right to receive Additional 
		

		 

		

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		Interest on the Notes at a rate equal to (i) 0.25% per annum of the principal amount of the Notes outstanding for each day during the first 90-day period on which such Event of Default is continuing, beginning on, and including, the date on which such an Event of Default first occurs and (ii) 0.50% per annum of the principal amount of the Notes outstanding for each day during the subsequent 90-day period on which such Event of Default is continuing.  Additional Interest payable pursuant to this Section 6.03 shall be in addition to, not in lieu of, any Additional Interest payable pursuant to Section 4.06(d) or Section 4.06(e). If the Company so elects, such Additional Interest shall be payable in the same manner and on the same dates as the stated interest payable on the Notes.  On the 181st day after such Event of Default (if the Event of Default relating to the Company’s failure to file is not cured or waived prior to such 181st day), the Notes shall be immediately subject to acceleration as provided in Section 6.02.  The provisions of this paragraph will not affect the rights of Holders of Notes in the event of the occurrence of any Event of Default other than the Company’s failure to comply with its obligations as set forth in ‎Section 4.06(b).  In the event the Company does not elect to pay Additional Interest following an Event of Default in accordance with this Section 6.03 or the Company elected to make such payment but does not pay the Additional Interest when due, the Notes shall be immediately subject to acceleration as provided in Section 6.02.
		

		
			In order to elect to pay Additional Interest as the sole remedy during the first 180 days after the occurrence of any Event of Default described in the immediately preceding paragraph, the Company must notify in writing all Holders of the Notes, the Trustee and the Paying Agent of such election prior to the beginning of such 180-day period.  Upon the failure to timely give such notice, the Notes shall be immediately subject to acceleration as provided in Section 6.02. The Trustee shall have no duty to determine or verify the Company’s determination of whether and to what extent Additional Interest is payable.
		

		
			Section 6.04.  Payments of Notes on Default; Suit Therefor.  If an Event of Default described in clause (a) or (b) of Section 6.01 shall have occurred, the Company shall, upon demand of the Trustee, pay to the Trustee, for the benefit of the Holders of the Notes, the whole amount then due and payable on the Notes for principal and interest, if any, with interest on any overdue principal and interest, if any, at the rate borne by the Notes plus one percent at such time, and, in addition thereto, such further amount as shall be sufficient to cover any amounts due to the Trustee under Section 7.06.  If the Company shall fail to pay such amounts forthwith upon such demand, the Trustee, in its own name and as trustee of an express trust, may institute a judicial proceeding for the collection of the sums so due and unpaid, may prosecute such proceeding to judgment or final decree and may enforce the same against the Company or any other obligor upon the Notes and collect the moneys adjudged or decreed to be payable in the manner provided by law out of the property of the Company or any other obligor upon the Notes, wherever situated.
		

		
			In the event there shall be pending proceedings for the bankruptcy or for the reorganization of the Company or any other obligor on the Notes under Title 11 of the United States Code, or any other applicable law, or in case a receiver, assignee or trustee in bankruptcy or reorganization, liquidator, sequestrator or similar official shall have been appointed for or taken possession of the Company or such other obligor, the property of the Company or such other obligor, or in the event of any other judicial proceedings relative to the Company or such 
		

		 

		

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		other obligor upon the Notes, or to the creditors or property of the Company or such other obligor, the Trustee, irrespective of whether the principal of the Notes shall then be due and payable as therein expressed or by declaration or otherwise and irrespective of whether the Trustee shall have made any demand pursuant to the provisions of this Section 6.04, shall be entitled and empowered, by intervention in such proceedings or otherwise, to file and prove a claim or claims for the whole amount of principal and accrued and unpaid interest, if any, in respect of the Notes, and, in case of any judicial proceedings, to file such proofs of claim and other papers or documents and to take such other actions as it may deem necessary or advisable in order to have the claims of the Trustee (including any claim for the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and counsel) and of the Holders allowed in such judicial proceedings relative to the Company or any other obligor on the Notes, its or their creditors, or its or their property, and to collect and receive any monies or other property payable or deliverable on any such claims, and to distribute the same after the deduction of any amounts due to the Trustee under Section 7.06; and any receiver, assignee or trustee in bankruptcy or reorganization, liquidator, custodian or similar official is hereby authorized by each of the Holders to make such payments to the Trustee, as administrative expenses, and, in the event that the Trustee shall consent to the making of such payments directly to the Holders, to pay to the Trustee any amount due it for reasonable compensation, expenses, advances and disbursements, including agents and counsel fees, and including any other amounts due to the Trustee under Section 7.06, incurred by it up to the date of such distribution.  To the extent that such payment of reasonable compensation, expenses, advances and disbursements out of the estate in any such proceedings shall be denied for any reason, payment of the same shall be secured by a lien on, and shall be paid out of, any and all distributions, dividends, monies, securities and other property that the Holders of the Notes may be entitled to receive in such proceedings, whether in liquidation or under any plan of reorganization or arrangement or otherwise.
		

		
			Nothing herein contained shall be deemed to authorize the Trustee to authorize or consent to or accept or adopt on behalf of any Holder any plan of reorganization, arrangement, adjustment or composition affecting such Holder or the rights of any Holder thereof, or to authorize the Trustee to vote in respect of the claim of any Holder in any such proceeding.
		

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

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

		

		

		 

		

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		In case the Trustee shall have proceeded to enforce any right under this Indenture and such proceedings shall have been discontinued or abandoned because of any waiver pursuant to Section 6.09 or any rescission and annulment pursuant to Section 6.02 or for any other reason or shall have been determined adversely to the Trustee, then and in every such case the Company, the Holders and the Trustee shall, subject to any determination in such proceeding, be restored respectively to their several positions and rights hereunder, and all rights, remedies and powers of the Company, the Holders and the Trustee shall continue as though no such proceeding had been instituted.
		

		
			Section 6.05.  Application of Monies Collected by Trustee.  Any monies or property collected by the Trustee pursuant to this Article 6 with respect to the Notes shall be applied in the following order, at the date or dates fixed by the Trustee for the distribution of such monies or property, upon presentation of the several Notes, and stamping thereon the payment, if only partially paid, and upon surrender thereof, if fully paid:
		

		
			First, to the payment of all amounts due the Trustee under Section 7.06;
		

		
			Second, in case the principal of the outstanding Notes shall not have become due and be unpaid, to the payment of interest on, and any cash due upon conversion of, the Notes in default in the order of the date due of the payments of such interest and cash due upon conversion, as the case may be, with interest (to the extent that such interest has been collected by the Trustee) upon such overdue payments at the rate borne by the Notes at such time, plus one percent, such payments to be made ratably to the Persons entitled thereto;
		

		
			Third, in case the principal of the outstanding Notes shall have become due, by declaration or otherwise, and be unpaid to the payment of the whole amount (including, if applicable, the payment of the Fundamental Change Repurchase Price and any cash due upon conversion) then owing and unpaid upon the Notes for principal and interest, if any, with interest on the overdue principal and, to the extent that such interest has been collected by the Trustee, upon overdue installments of interest at the rate borne by the Notes at such time plus one percent, and in case such monies shall be insufficient to pay in full the whole amounts so due and unpaid upon the Notes, then to the payment of such principal (including, if applicable, the Fundamental Change Repurchase Price and the cash due upon conversion) and interest without preference or priority of principal over interest, or of interest over principal or of any installment of interest over any other installment of interest, or of any Note over any other Note, ratably to the aggregate of such principal (including, if applicable, the Fundamental Change Repurchase Price and any cash due upon conversion) and accrued and unpaid interest; and
		

		
			Fourth, to the payment of the remainder, if any, to the Company.
		

		
			Section 6.06.  Proceedings by Holders.  Except to enforce the right to receive payment of principal (including, if applicable, the Fundamental Change Repurchase Price) or interest when due, or the right to receive payment or delivery of the consideration due upon conversion, no Holder of any Note shall have any right by virtue of or by availing of any provision of this Indenture to institute any suit, action or proceeding in equity or at law upon or under or with 
		

		 

		

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		respect to this Indenture, or for the appointment of a receiver, trustee, liquidator, custodian or other similar official, or for any other remedy hereunder, unless: 
		

		
			(a)such Holder previously shall have given to the Trustee written notice of an Event of Default and of the continuance thereof, as herein provided;
		

		
			(b)Holders of at least 25% in aggregate principal amount of the Notes then outstanding shall have made written request upon the Trustee to institute such action, suit or proceeding in its own name as Trustee hereunder;
		

		
			(c)such Holders shall have offered to the Trustee such security or indemnity reasonably satisfactory to the Trustee against any loss, liability or expense to be incurred therein or thereby;
		

		
			(d)the Trustee for 60 days after its receipt of such notice, request and offer of such security or indemnity, shall have neglected or refused to institute any such action, suit or proceeding; and 
		

		
			(e)no direction that, in the opinion of the Trustee, is inconsistent with such written request shall have been given to the Trustee by the Holders of a majority of the aggregate principal amount of the Notes then outstanding within such 60-day period pursuant to Section 6.09, 
		

		
			it being understood and intended, and being expressly covenanted by the taker and Holder of every Note with every other taker and Holder and the Trustee that no one or more Holders shall have any right in any manner whatever by virtue of or by availing of any provision of this Indenture to affect, disturb or prejudice the rights of any other Holder, or to obtain or seek to obtain priority over or preference to any other such Holder, or to enforce any right under this Indenture, except in the manner herein provided and for the equal, ratable and common benefit of all Holders (except as otherwise provided herein).  For the protection and enforcement of this Section 6.06, each and every Holder and the Trustee shall be entitled to such relief as can be given either at law or in equity.
		

		
			Notwithstanding any other provision of this Indenture and any provision of any Note, the right of any Holder to receive payment or delivery, as the case may be, of (x) the principal (including the Fundamental Change Repurchase Price, if applicable) of, (y) accrued and unpaid interest, if any, on, and (z) the consideration due upon conversion or redemption of, such Note, on or after the respective due dates expressed or provided for in such Note or in this Indenture, or to institute suit for the enforcement of any such payment or delivery, as the case may be, on or after such respective dates against the Company shall not be impaired or affected without the consent of such Holder.
		

		
			Section 6.07.  Proceedings by Trustee.  In case of an Event of Default, the Trustee may in its discretion proceed to protect and enforce the rights vested in it by this Indenture by such appropriate judicial proceedings as are necessary to protect and enforce any of such rights, either by suit in equity or by action at law or by proceeding in bankruptcy or otherwise, whether for the specific enforcement of any covenant or agreement contained in this Indenture or in aid of the 
		

		 

		

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		exercise of any power granted in this Indenture, or to enforce any other legal or equitable right vested in the Trustee by this Indenture or by law.
		

		
			Section 6.08.  Remedies Cumulative and Continuing.  Except as provided in the last paragraph of Section 2.06, all powers and remedies given by this Article 6 to the Trustee or to the Holders shall, to the extent permitted by law, be deemed cumulative and not exclusive of any thereof or of any other powers and remedies available to the Trustee or the Holders of the Notes, by judicial proceedings or otherwise, to enforce the performance or observance of the covenants and agreements contained in this Indenture, and no delay or omission of the Trustee or of any Holder of any of the Notes to exercise any right or power accruing upon any Default or Event of Default shall impair any such right or power, or shall be construed to be a waiver of any such Default or Event of Default or any acquiescence therein; and, subject to the provisions of Section 6.06, every power and remedy given by this Article 6 or by law to the Trustee or to the Holders may be exercised from time to time, and as often as shall be deemed expedient, by the Trustee or by the Holders.
		

		
			Section 6.09.  Direction of Proceedings and Waiver of Defaults by Majority of Holders.  Subject to the Trustee’s right to receive security or indemnity satisfactory to it from the Holders as described in this Indenture, the Holders of a majority of the aggregate principal amount of the Notes at the time outstanding determined in accordance with Section 8.04 shall have the right to direct the time, method and place of conducting any proceeding for any remedy available to the Trustee or exercising any trust or power conferred on the Trustee with respect to the Notes; provided,  however, that (a) such direction shall not be in conflict with any rule of law or with this Indenture, and (b) the Trustee may take any other action deemed proper by the Trustee that is not inconsistent with such direction.  The Trustee may refuse to follow any direction that conflicts with law or this Indenture, that it determines is unduly prejudicial to the rights of any other Holder or that would involve the Trustee in personal liability.  The Holders of a majority in aggregate principal amount of the Notes at the time outstanding (determined in accordance with Section 8.04 and including waivers obtained in connection with a repurchase of, or tender or exchange offer for, the Notes) may on behalf of the Holders of all of the Notes waive any past Default or Event of Default hereunder and its consequences except (i) a default in the payment of accrued and unpaid interest, if any, on, or the principal (including any Fundamental Change Repurchase Price) of, the Notes when due that has not been cured pursuant to the provisions of Section 6.01, (ii) a failure by the Company to pay or deliver, as the case may be, the consideration due upon conversion or redemption of the Notes or (iii) a default in respect of a covenant or provision hereof which under Article 10 cannot be modified or amended without the consent of each Holder of an outstanding Note affected.  Upon any such waiver the Company, the Trustee and the Holders of the Notes shall be restored to their former positions and rights hereunder; but no such waiver shall extend to any subsequent or other Default or Event of Default or impair any right consequent thereon.  Whenever any Default or Event of Default hereunder shall have been waived as permitted by this Section 6.09, said Default or Event of Default shall for all purposes of the Notes and this Indenture be deemed to have been cured and to be not continuing; but no such waiver shall extend to any subsequent or other Default or Event of Default or impair any right consequent thereon.
		

		 

		

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			Section 6.10.  Notice of Defaults.  The Trustee shall, within 90 days after the occurrence and continuance of a Default of which a Responsible Officer has actual knowledge, send to all Holders as the names and addresses of such Holders appear upon the Note Register, notice of all Defaults known to a Responsible Officer, unless such Defaults shall have been cured or waived before the giving of such notice; provided that, except in the case of a Default in the payment of the principal of (including the Fundamental Change Repurchase Price, if applicable), or accrued and unpaid interest on, any of the Notes or a Default in the payment or delivery of the consideration due upon conversion, the Trustee shall be protected in withholding such notice if and so long as the Trustee in good faith determines that the withholding of such notice is in the interests of the Holders.
		

		
			Section 6.11.  Undertaking to Pay Costs.  All parties to this Indenture agree, and each Holder of any Note by its acceptance thereof shall be deemed to have agreed, that any court may, in its discretion, require, in any suit for the enforcement of any right or remedy under this Indenture, or in any suit against the Trustee for any action taken or omitted by it as Trustee, the filing by any party litigant in such suit of an undertaking to pay the costs of such suit and that such court may in its discretion assess reasonable costs, including reasonable attorneys’ fees and expenses, against any party litigant in such suit, having due regard to the merits and good faith of the claims or defenses made by such party litigant; provided that the provisions of this Section 6.11 (to the extent permitted by law) shall not apply to any suit instituted by the Trustee, to any suit instituted by any Holder, or group of Holders, holding in the aggregate more than 10% in principal amount of the Notes at the time outstanding determined in accordance with Section 8.04, or to any suit instituted by any Holder for the enforcement of the payment of the principal of or accrued and unpaid interest, if any, on any Note (including, but not limited to, the Fundamental Change Repurchase Price, if applicable) on or after the due date expressed or provided for in such Note or to any suit for the enforcement of the right to convert any Note, or receive the consideration due upon conversion, in accordance with the provisions of Article 14.
		

		
			Article 7
Concerning the Trustee
		

		
			Section 7.01.  Duties and Responsibilities of Trustee.  The Trustee, prior to the occurrence of an Event of Default and after the curing or waiver of all Events of Default that may have occurred, undertakes to perform such duties and only such duties as are specifically set forth in this Indenture.  In the event an Event of Default has occurred and is continuing, the Trustee shall exercise such of the rights and powers vested in it by this Indenture, and use the same degree of care and skill in its exercise, as a prudent person would exercise or use under the circumstances in the conduct of such person’s own affairs; provided that if an Event of Default occurs and is continuing, the Trustee will be under no obligation to exercise any of the rights or powers under this Indenture at the request or direction of any of the Holders unless such Holders have offered to the Trustee indemnity or security satisfactory to the Trustee against any loss, liability or expense that might be incurred by it in compliance with such request or direction.
		

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

		 

		

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

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

		
			(ii)in the absence of gross negligence and willful misconduct on the part of the Trustee, the Trustee may conclusively rely, as to the truth of the statements and the correctness of the opinions expressed therein, upon any certificates or opinions furnished to the Trustee and conforming to the requirements of this Indenture; but, in the case of any such certificates or opinions that by any provisions hereof are specifically required to be furnished to the Trustee, the Trustee shall be under a duty to examine the same to determine whether or not they conform to the requirements of this Indenture (but need not confirm or investigate the accuracy of any mathematical calculations or other facts stated therein);
		

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

		
			(c)the Trustee shall not be liable with respect to any action taken or omitted to be taken by it in good faith in accordance with the direction of the Holders of not less than a majority of the aggregate principal amount of the Notes at the time outstanding determined as provided in Section 8.04 relating to the time, method and place of conducting any proceeding for any remedy available to the Trustee, or exercising any trust or power conferred upon the Trustee, under this Indenture;
		

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

		
			(e)the Trustee shall not be liable in respect of any payment (as to the correctness of amount, entitlement to receive or any other matters relating to payment) or notice effected by the Company or any Paying Agent or any records maintained by any co-Note Registrar with respect to the Notes;
		

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

		
			(g)in the absence of written investment direction from the Company, all cash received by the Trustee shall be placed in a non-interest bearing trust account, and in no event shall the Trustee be liable for the selection of investments or for investment losses incurred thereon or for 
		

		 

		

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		losses incurred as a result of the liquidation of any such investment prior to its maturity date or the failure of the party directing such investments prior to its maturity date or the failure of the party directing such investment to provide timely written investment direction, and the Trustee shall have no obligation to invest or reinvest any amounts held hereunder in the absence of such written investment direction from the Company; and
		

		
			(h)in the event that the Trustee is also acting as Custodian, Note Registrar, Paying Agent, Conversion Agent, Bid Solicitation Agent or transfer agent hereunder, the rights, privileges and immunities afforded to the Trustee pursuant to this Article 7 shall also be afforded to such Custodian, Note Registrar, Paying Agent, Conversion Agent, Bid Solicitation Agent or transfer agent.
		

		
			None of the provisions contained in this Indenture shall require the Trustee to expend or risk its own funds or otherwise incur personal financial liability in the performance of any of its duties or in the exercise of any of its rights or powers. The Trustee shall not be required to give any bond or surety in respect of the performance of its powers or duties under this Indenture.
		

		
			Section 7.02.  Reliance on Documents, Opinions, Etc.  Except as otherwise provided in Section 7.01:
		

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

		
			(b)any request, direction, order or demand of the Company mentioned herein shall be sufficiently evidenced by an Officers’ Certificate (unless other evidence in respect thereof be herein specifically prescribed); and any Board Resolution may be evidenced to the Trustee by a copy thereof certified by the Secretary or an Assistant Secretary of the Company;
		

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

		
			(d)the Trustee shall 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 or other paper or document, but the Trustee, in its discretion, may make such further inquiry or investigation into such facts or matters as it may see fit, and, if the Trustee shall determine to make such further inquiry or investigation, it shall be entitled to examine the books, records and premises of the Company, personally or by agent or attorney at the expense of the Company and shall incur no liability of any kind by reason of such inquiry or investigation; 
		

		
			(e)the Trustee may execute any of the trusts or powers hereunder or perform any duties hereunder either directly or by or through agents, custodians, nominees or attorneys and 
		

		 

		

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		the Trustee shall not be responsible for any misconduct or negligence on the part of any agent, custodian, nominee or attorney appointed by it with due care hereunder; 
		

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

		
			(g)in no event shall the Trustee be liable for any consequential loss or damage of any kind whatsoever (including but not limited to lost profits), even if the Trustee has been advised of the likelihood of such loss or damage and regardless of the form of action;
		

		
			(h)  the Trustee shall not be charged with knowledge of any Default or Event of Default with respect to the Notes, unless either (1) a Responsible Officer shall have actual knowledge of such Default or Event of Default or (2) written notice of such Default or Event of Default shall have been given to the Trustee by the Company or by any Holder of the Notes;
		

		
			(i)  the Trustee shall not be obligated to take possession of any Common Stock, whether upon conversion or in connection with any discharge of this Indenture pursuant to Article 3 hereof, but shall satisfy its obligation as Conversion Agent by working through the stock transfer agent of the Company from time to time as directed by the Company; and
		

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

		
			Section 7.03.  No Responsibility for Recitals, Etc.  The recitals contained herein and in the Notes (except in the Trustee’s certificate of authentication) shall be taken as the statements of the Company, and the Trustee assumes no responsibility for the correctness of the same.  The Trustee makes no representations as to the validity or sufficiency of this Indenture or of the Notes.  The Trustee shall not be accountable for the use or application by the Company of any Notes or the proceeds of any Notes authenticated and delivered by the Trustee in conformity with the provisions of this Indenture. Neither the Trustee nor the Paying Agent will be accountable for the use or application by the Company of the Notes or the proceeds thereof, or for any funds received and disbursed in accordance with this Indenture. The Trustee shall have no responsibility or liability with respect to any information, statement or recital in the Offering Memorandum or other disclosure material prepared or distributed with respect to the issuance of the Notes.
		

		
			Section 7.04.  Trustee, Paying Agents, Conversion Agents, Bid Solicitation Agent or Note Registrar May Own Notes.  The Trustee, any Paying Agent, any Conversion Agent, Bid Solicitation Agent or Note Registrar, in its individual or any other capacity, may become the owner or pledgee of Notes with the same rights it would have if it were not the Trustee, Paying Agent, Conversion Agent, Bid Solicitation Agent or Note Registrar. 
		

		
			Section 7.05.  Monies and Shares of Common Stock to Be Held in Trust.  All monies and shares of Common Stock received by the Trustee shall, until used or applied as herein provided, be held in trust for the purposes for which they were received.  Money and shares of Common Stock held by the Trustee in trust hereunder need not be segregated from other funds except to 
		

		 

		

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		the extent required by law.  The Trustee shall be under no liability for interest on any money or shares of Common Stock received by it hereunder except as may be agreed from time to time by the Company and the Trustee.
		

		
			Section 7.06.  Compensation and Expenses of Trustee.  The Company covenants and agrees to pay to the Trustee from time to time, and the Trustee shall be entitled to, compensation for all services rendered by it hereunder in any capacity (which shall not be limited by any provision of law in regard to the compensation of a trustee of an express trust) as mutually agreed to in writing between the Trustee and the Company, and the Company will pay or reimburse the Trustee upon its request for all reasonable expenses, disbursements and advances reasonably incurred or made by the Trustee in accordance with any of the provisions of this Indenture in any capacity thereunder (including the reasonable compensation and the expenses and disbursements of its agents and counsel and of all Persons not regularly in its employ) except any such expense, disbursement or advance as shall have been caused by its gross negligence or willful misconduct.  The Company also covenants to indemnify the Trustee in any capacity under this Indenture and any other document or transaction entered into in connection herewith and its agents and any authenticating agent for, and to hold them harmless against, any loss, claim, damage, liability or expense incurred without gross negligence or willful misconduct on the part of the Trustee (as determined by a final non-appealable order of a court of competent jurisdiction), its officers, directors, agents or employees, or such agent or authenticating agent, as the case may be, and arising out of or in connection with the acceptance or administration of this Indenture or in any other capacity hereunder, including the costs and expenses of defending themselves against any claim of liability in the premises.  The obligations of the Company under this Section 7.06 to compensate or indemnify the Trustee and to pay or reimburse the Trustee for expenses, disbursements and advances shall be a Lien prior to the Notes on all money or property held or collected by the Trustee, except, subject to the effect of Section 6.05, funds held in trust herewith for the benefit of the Holders of particular Notes.  The Trustee’s right to receive payment of any amounts due under this Section 7.06 shall not be subordinate to any other liability or indebtedness of the Company.  The obligation of the Company under this Section 7.06 shall survive the satisfaction and discharge of this Indenture and the earlier resignation or removal or the Trustee.  The Company need not pay for any settlement made without its consent.  The indemnification provided in this Section 7.06 shall extend to the officers, directors, agents and employees of the Trustee.
		

		
			Without prejudice to any other rights available to the Trustee under applicable law, when the Trustee and its agents and any authenticating agent incur expenses or render services after an Event of Default specified in Section 6.01(i) or Section 6.01(j) occurs, the expenses and the compensation for the services are intended to constitute expenses of administration under any bankruptcy, insolvency or similar laws.
		

		
			Section 7.07.  Officers’ Certificate as Evidence.  Except as otherwise provided in Section 7.01, whenever in the administration of the provisions of this Indenture the Trustee shall deem it necessary or desirable that a matter be proved or established prior to taking or omitting any action hereunder, such matter (unless other evidence in respect thereof be herein specifically prescribed) may, in the absence of gross negligence or willful misconduct on the part of the Trustee, be deemed to be conclusively proved and established by an Officers’ Certificate 
		

		 

		

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		delivered to the Trustee, and such Officers’ Certificate, in the absence of gross negligence or willful misconduct on the part of the Trustee, shall be full warrant to the Trustee for any action taken or omitted by it under the provisions of this Indenture in reliance thereon.
		

		
			Section 7.08.  Eligibility of Trustee.  There shall at all times be a Trustee hereunder which shall be a Person that is eligible pursuant to the Trust Indenture Act (as if the Trust Indenture Act were applicable hereto) to act as such and has a combined capital and surplus of at least $50,000,000.  If such Person publishes reports of condition at least annually, pursuant to law or to the requirements of any supervising or examining authority, then for the purposes of this Section, the combined capital and surplus of such Person shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published.  If at any time the Trustee shall cease to be eligible in accordance with the provisions of this Section, it shall resign immediately in the manner and with the effect hereinafter specified in this Article.
		

		
			Section 7.09.  Resignation or Removal of Trustee.    (a) The Trustee may at any time resign by giving written notice of such resignation to the Company and by delivering notice thereof to the Holders at their addresses as they shall appear on the Note Register.  Upon receiving such notice of resignation, the Company shall promptly appoint a successor trustee by written instrument, in duplicate, executed by order of the Board of Directors, one copy of which instrument shall be delivered to the resigning Trustee and one copy to the successor trustee.  If no successor trustee shall have been so appointed and have accepted appointment within 60 days after the delivering of such notice of resignation to the Holders, the resigning Trustee may, upon ten Business Days’ notice to the Company and the Holders, petition any court of competent jurisdiction for the appointment of a successor trustee, or any Holder who has been a bona fide holder of a Note or Notes for at least six months (or since the date of this Indenture) may, subject to the provisions of Section 6.11, on behalf of himself or herself and all others similarly situated, petition any such court for the appointment of a successor trustee.  Such court may thereupon, after such notice, if any, as it may deem proper and prescribe, appoint a successor trustee.
		

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

		
			(i)the Trustee shall cease to be eligible in accordance with the provisions of Section 7.08 and shall fail to resign after written request therefor by the Company or by any such Holder, or
		

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

		
			then, in either case, the Company may by a Board Resolution remove the Trustee and appoint a successor trustee by written instrument, in duplicate, executed by order of the Board of Directors, one copy of which instrument shall be delivered to the Trustee so removed and one copy to the successor trustee, or, subject to the provisions of Section 6.11, any Holder who has been a bona fide holder of a Note or Notes for at least six months (or since the date of this Indenture) may, on behalf of himself or herself and all others similarly situated, petition any 
		

		 

		

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		court of competent jurisdiction for the removal of the Trustee and the appointment of a successor trustee.  Such court may thereupon, after such notice, if any, as it may deem proper and prescribe, remove the Trustee and appoint a successor trustee.
		

		
			(c)The Holders of a majority in aggregate principal amount of the Notes at the time outstanding, as determined in accordance with Section 8.04, may at any time remove the Trustee by notifying the Trustee and the Company in writing not less than 30 days prior to the effective date of such removal, and nominate a successor trustee that shall be deemed appointed as successor trustee unless within ten days after notice to the Company of such nomination the Company objects thereto, in which case the Trustee so removed or any Holder, upon the terms and conditions and otherwise as in Section 7.09(a) provided, may petition any court of competent jurisdiction for an appointment of a successor trustee.
		

		
			(d)Any resignation or removal of the Trustee and appointment of a successor trustee pursuant to any of the provisions of this Section 7.09 shall become effective upon acceptance of appointment by the successor trustee as provided in Section 7.10.
		

		
			Section 7.10.  Acceptance by Successor Trustee.  Any successor trustee appointed as provided in Section 7.09 shall execute, acknowledge and deliver to the Company and to its predecessor trustee an instrument accepting such appointment hereunder, and thereupon the resignation or removal of the predecessor trustee shall become effective and such successor trustee, without any further act, deed or conveyance, shall become vested with all the rights, powers, duties and obligations of its predecessor hereunder, with like effect as if originally named as Trustee herein; but, nevertheless, on the written request of the Company or of the successor trustee, the trustee ceasing to act shall, upon payment of any amounts then due it pursuant to the provisions of Section 7.06, execute and deliver an instrument transferring to such successor trustee all the rights and powers of the trustee so ceasing to act.  Upon request of any such successor trustee, the Company shall execute any and all instruments in writing for more fully and certainly vesting in and confirming to such successor trustee all such rights and powers.  Any trustee ceasing to act shall, nevertheless, retain a senior claim to which the Notes are hereby made subordinate on all money or property held or collected by such trustee as such, except for funds held in trust for the benefit of Holders of particular Notes, to secure any amounts then due it pursuant to the provisions of Section 7.06.
		

		
			No successor trustee shall accept appointment as provided in this Section 7.10 unless at the time of such acceptance such successor trustee shall be eligible under the provisions of Section 7.08.
		

		
			Upon acceptance of appointment by a successor trustee as provided in this Section 7.10, each of the Company and the successor trustee, at the written direction and at the expense of the Company shall deliver or cause to be delivered notice of the succession of such trustee hereunder to the Holders at their addresses as they shall appear on the Note Register.  If the Company fails to mail such notice within ten days after acceptance of appointment by the successor trustee, the successor trustee shall cause such notice to be mailed at the expense of the Company.
		

		 

		

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			Section 7.11.  Succession by Merger, Etc.  Any corporation or other entity into which the Trustee may be merged or converted or with which it may be consolidated, or any corporation or other entity resulting from any merger, conversion or consolidation to which the Trustee shall be a party, or any corporation or other entity succeeding to all or substantially all of the corporate trust business of the Trustee (including the administration of this Indenture), shall be the successor to the Trustee hereunder without the execution or filing of any paper or any further act on the part of any of the parties hereto; provided that in the case of any corporation or other entity succeeding to all or substantially all of the corporate trust business of the Trustee such corporation or other entity shall be eligible under the provisions of Section 7.08.
		

		
			In case at the time such successor to the Trustee shall succeed to the trusts created by this Indenture, any of the Notes shall have been authenticated but not delivered, any such successor to the Trustee may adopt the certificate of authentication of any predecessor trustee or authenticating agent appointed by such predecessor trustee, and deliver such Notes so authenticated; and in case at that time any of the Notes shall not have been authenticated, any successor to the Trustee or an authenticating agent appointed by such successor trustee may authenticate such Notes either in the name of any predecessor trustee hereunder or in the name of the successor trustee; and in all such cases such certificates shall have the full force which it is anywhere in the Notes or in this Indenture provided that the certificate of the Trustee shall have; provided,  however, that the right to adopt the certificate of authentication of any predecessor trustee or to authenticate Notes in the name of any predecessor trustee shall apply only to its successor or successors by merger, conversion or consolidation.
		

		
			Section 7.12.  Trustee’s Application for Instructions from the Company.  Any application by the Trustee for written instructions from the Company (other than with regard to any action proposed to be taken or omitted to be taken by the Trustee that affects the rights of the Holders of the Notes under this Indenture) may, at the option of the Trustee, set forth in writing any action proposed to be taken or omitted by the Trustee under this Indenture and the date on and/or after which such action shall be taken or such omission shall be effective.  The Trustee shall not be liable for any action taken by, or omission of, the Trustee in accordance with a proposal included in such application on or after the date specified in such application (which date shall not be less than three Business Days after the date any officer of the Company has received such application (determined in accordance with Section 17.03), unless any such officer shall have consented in writing to any earlier date), unless, prior to taking any such action (or the effective date in the case of any omission), the Trustee shall have received written instructions in accordance with this Indenture in response to such application specifying the action to be taken or omitted.
		

		
			Article 8
Concerning the Holders
		

		
			Section 8.01.  Action by Holders.  Whenever in this Indenture it is provided that the Holders of a specified percentage of the aggregate principal amount of the Notes may take any action (including the making of any demand or request, the giving of any notice, consent or waiver or the taking of any other action), the fact that at the time of taking any such action, the Holders of such specified percentage have joined therein may be evidenced (a) by any instrument 
		

		 

		

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		or any number of instruments of similar tenor executed by Holders in person or by agent or proxy appointed in writing, or (b) by the record of the Holders voting in favor thereof at any meeting of Holders duly called and held in accordance with the provisions of Article 9, or (c) by a combination of such instrument or instruments and any such record of such a meeting of Holders.  Whenever the Company or the Trustee solicits the taking of any action by the Holders of the Notes, the Company or the Trustee may, but shall not be required to, fix in advance of such solicitation, a date as the record date for determining Holders entitled to take such action.  The record date if one is selected shall be not more than fifteen days prior to the date of commencement of solicitation of such action.
		

		
			Section 8.02.  Proof of Execution by Holders.  Subject to the provisions of Section 7.01, Section 7.02 and Section 9.05, proof of the execution of any instrument by a Holder or its agent or proxy shall be sufficient if made in accordance with such reasonable rules and regulations as may be prescribed by the Trustee or in such manner as shall be satisfactory to the Trustee.  The holding of Notes shall be proved by the Note Register or by a certificate of the Note Registrar.  The record of any Holders’ meeting shall be proved in the manner provided in Section 9.06.
		

		
			Section 8.03.  Who Are Deemed Absolute Owners.  The Company, the Trustee, any authenticating agent, any Paying Agent, any Conversion Agent and any Note Registrar may deem the Person in whose name a Note shall be registered upon the Note Register to be, and may treat it as, the absolute owner of such Note (whether or not such Note shall be overdue and notwithstanding any notation of ownership or other writing thereon made by any Person other than the Company or any Note Registrar) for the purpose of receiving payment of or on account of the principal of and (subject to Section 2.03) accrued and unpaid interest on such Note, for conversion of such Note and for all other purposes; and neither the Company nor the Trustee nor any Paying Agent nor any Conversion Agent nor any Note Registrar shall be affected by any notice to the contrary.  All such payments or deliveries so made to any Holder for the time being, or upon its order, shall be valid, and, to the extent of the sums or shares of Common Stock so paid or delivered, effectual to satisfy and discharge the liability for monies payable or shares deliverable upon any such Note.  Notwithstanding anything to the contrary in this Indenture or the Notes (x) following an Event of Default, any holder of a beneficial interest in a Global Note may directly enforce against the Company, without the consent, solicitation, proxy, authorization or any other action of the Depositary or any other Person, such holder’s right to exchange such beneficial interest for a Note in certificated form in accordance with the provisions of this Indenture, and (y) with respect to any Global Note, nothing in this Indenture shall prevent the Company, the Trustee or any agent of the Company or the Trustee from giving effect to any written certification, proxy or other authorization furnished by any Depositary, as a Holder, with respect to such Global Notes or impair, as between such Depositary and owners of beneficial interests in such Global Note, the operation of customary practices governing the exercise of the rights of such Depositary (or its nominee) as Holder of such Global Note.
		

		
			Section 8.04.  Company-Owned Notes Disregarded.  In determining whether the Holders of the requisite aggregate principal amount of Notes have concurred in any direction, consent, waiver or other action under this Indenture, Notes that are owned by the Company, by any Subsidiary thereof or by any Affiliate of the Company or any Subsidiary thereof shall be disregarded and deemed not to be outstanding for the purpose of any such determination; 
		

		 

		

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		provided that for the purposes of determining whether the Trustee shall be protected in relying on any such direction, consent, waiver or other action only Notes that a Responsible Officer actually knows are so owned shall be so disregarded.  Notes so owned that have been pledged in good faith may be regarded as outstanding for the purposes of this Section 8.04 if the pledgee shall establish to the satisfaction of the Trustee the pledgee’s right to so act with respect to such Notes and that the pledgee is not the Company, a Subsidiary thereof or an Affiliate of the Company or a Subsidiary thereof.  In the case of a dispute as to such right, any decision by the Trustee taken upon the advice of counsel shall be full protection to the Trustee.  Upon request of the Trustee, the Company shall furnish to the Trustee promptly an Officers’ Certificate listing and identifying all Notes, if any, known by the Company to be owned or held by or for the account of any of the above described Persons; and, subject to Section 7.01, the Trustee shall be entitled to accept such Officers’ Certificate as conclusive evidence of the facts therein set forth and of the fact that all Notes not listed therein are outstanding for the purpose of any such determination.
		

		
			Section 8.05.  Revocation of Consents; Future Holders Bound.  At any time prior to (but not after) the evidencing to the Trustee, as provided in Section 8.01, of the taking of any action by the Holders of the percentage of the aggregate principal amount of the Notes specified in this Indenture in connection with such action, any Holder of a Note that is shown by the evidence to be included in the Notes the Holders of which have consented to such action may, by filing written notice with the Trustee at its Corporate Trust Office and upon proof of holding as provided in Section 8.02, revoke such action so far as concerns such Note.  Except as aforesaid, any such action taken by the Holder of any Note shall be conclusive and binding upon such Holder and upon all future Holders and owners of such Note and of any Notes issued in exchange or substitution therefor or upon registration of transfer thereof, irrespective of whether any notation in regard thereto is made upon such Note or any Note issued in exchange or substitution therefor or upon registration of transfer thereof.
		

		
			Article 9
Holders’ Meetings
		

		
			Section 9.01.  Purpose of Meetings.  A meeting of Holders may be called at any time and from time to time pursuant to the provisions of this Article 9 for any of the following purposes:
		

		
			(a)to give any notice to the Company or to the Trustee or to give any directions to the Trustee permitted under this Indenture, or to consent to the waiving of any Default or Event of Default hereunder (in each case, as permitted under this Indenture) and its consequences, or to take any other action authorized to be taken by Holders pursuant to any of the provisions of Article 6;
		

		
			(b)to remove the Trustee and nominate a successor trustee pursuant to the provisions of Article 7;
		

		
			(c)to consent to the execution of an indenture or indentures supplemental hereto pursuant to the provisions of Section 10.02; or
		

		 

		

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

		
			Section 9.02.  Call of Meetings by Trustee.  The Trustee may at any time call a meeting of Holders to take any action specified in Section 9.01, to be held at such time and at such place as the Trustee shall determine.  Notice of every meeting of the Holders, setting forth the time and the place of such meeting and in general terms the action proposed to be taken at such meeting and the establishment of any record date pursuant to Section 8.01, shall be delivered to Holders of such Notes at their addresses as they shall appear on the Note Register, or otherwise in accordance with the applicable procedures of DTC in the case of Global Notes.  Such notice shall also be sent to the Company.  Such notices shall be delivered not less than 20 nor more than 90 days prior to the date fixed for the meeting.
		

		
			Any meeting of Holders shall be valid without notice if the Holders of all Notes then outstanding are present in person or by proxy or if notice is waived before or after the meeting by the Holders of all Notes then outstanding, and if the Company and the Trustee are either present by duly authorized representatives or have, before or after the meeting, waived notice.
		

		
			Section 9.03.  Call of Meetings by Company or Holders.  In case at any time the Company, pursuant to a Board Resolution, or the Holders of at least 10% of the aggregate principal amount of the Notes then outstanding, shall have requested the Trustee to call a meeting of Holders, by written request setting forth in reasonable detail the action proposed to be taken at the meeting, and the Trustee shall not have delivered the notice of such meeting within 20 days after receipt of such request, then the Company or such Holders may determine the time and the place for such meeting and may call such meeting to take any action authorized in Section 9.01, by delivering notice thereof as provided in Section 9.02.
		

		
			Section 9.04.  Qualifications for Voting.  To be entitled to vote at any meeting of Holders a Person shall (a) be a Holder of one or more Notes on the record date pertaining to such meeting or (b) be a Person appointed by an instrument in writing as proxy by a Holder of one or more Notes on the record date pertaining to such meeting.  The only Persons who shall be entitled to be present or to speak at any meeting of Holders shall be the Persons entitled to vote at such meeting and their counsel and any representatives of the Trustee and its counsel and any representatives of the Company and its counsel.
		

		
			Section 9.05.  Regulations.  Notwithstanding any other provisions of this Indenture, the Trustee may make such reasonable regulations as it may deem advisable for any meeting of Holders, in regard to proof of the holding of Notes and of the appointment of proxies, and in regard to the appointment and duties of inspectors of votes, the submission and examination of proxies, certificates and other evidence of the right to vote, and such other matters concerning the conduct of the meeting as it shall think fit.
		

		
			The Trustee shall, by an instrument in writing, appoint a temporary chairman of the meeting, unless the meeting shall have been called by the Company or by Holders as provided in Section 9.03, in which case the Company or the Holders calling the meeting, as the case may be, 
		

		 

		

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		shall in like manner appoint a temporary chairman.  A permanent chairman and a permanent secretary of the meeting shall be elected by vote of the Holders of a majority in aggregate principal amount of the Notes represented at the meeting and entitled to vote at the meeting.
		

		
			Subject to the provisions of Section 8.04, at any meeting of Holders each Holder or proxyholder shall be entitled to one vote for each $1,000 principal amount of Notes held or represented by him or her; provided,  however, that no vote shall be cast or counted at any meeting in respect of any Note challenged as not outstanding and ruled by the chairman of the meeting to be not outstanding.  The chairman of the meeting shall have no right to vote other than by virtue of Notes held by it or instruments in writing as aforesaid duly designating it as the proxy to vote on behalf of other Holders.  Any meeting of Holders duly called pursuant to the provisions of Section 9.02 or Section 9.03 may be adjourned from time to time by the Holders of a majority of the aggregate principal amount of Notes represented at the meeting, whether or not constituting a quorum, and the meeting may be held as so adjourned without further notice.
		

		
			Section 9.06.  Voting.  The vote upon any resolution submitted to any meeting of Holders shall be by written ballot on which shall be subscribed the signatures of the Holders or of their representatives by proxy and the outstanding aggregate principal amount of the Notes held or represented by them.  The permanent chairman of the meeting shall appoint two inspectors of votes who shall count all votes cast at the meeting for or against any resolution and who shall make and file with the secretary of the meeting their verified written reports in duplicate of all votes cast at the meeting.  A record in duplicate of the proceedings of each meeting of Holders shall be prepared by the secretary of the meeting and there shall be attached to said record the original reports of the inspectors of votes on any vote by ballot taken thereat and affidavits by one or more Persons having knowledge of the facts setting forth a copy of the notice of the meeting and showing that said notice was delivered as provided in Section 9.02.  The record shall show the aggregate principal amount of the Notes voting in favor of or against any resolution.  The record shall be signed and verified by the affidavits of the permanent chairman and secretary of the meeting and one of the duplicates shall be delivered to the Company and the other to the Trustee to be preserved by the Trustee, the latter to have attached thereto the ballots voted at the meeting.
		

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

		
			Section 9.07.  No Delay of Rights by Meeting.  Nothing contained in this Article 9 shall be deemed or construed to authorize or permit, by reason of any call of a meeting of Holders or any rights expressly or impliedly conferred hereunder to make such call, any hindrance or delay in the exercise of any right or rights conferred upon or reserved to the Trustee or to the Holders under any of the provisions of this Indenture or of the Notes.
		

		
			Article 10
Supplemental Indentures
		

		
			Section 10.01.  Supplemental Indentures Without Consent of Holders.  The Company, when authorized by the resolutions of the Board of Directors and the Trustee, at the Company’s 
		

		 

		

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		expense, may from time to time and at any time enter into an indenture or indentures supplemental hereto for one or more of the following purposes:
		

		
			(a)to cure any ambiguity, mistake, omission, defect or inconsistency;
		

		
			(b)to provide for the assumption by a Successor Company of the obligations of the Company under this Indenture pursuant to Article 11;
		

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

		
			(d)to secure the Notes;
		

		
			(e)to add to the covenants or Events of Default of the Company for the benefit of the Holders or surrender any right or power conferred upon the Company;
		

		
			(f)to make any change that does not adversely affect the rights of any Holder in any material respect;
		

		
			(g)in connection with any Merger Event, provide that the notes are convertible into Reference Property, subject to the provisions of Section 14.02, and make such related changes to the terms of the Notes to the extent expressly required by Section 14.07; 
		

		
			(h)to increase the Conversion Rate; 
		

		
			(i)to conform the provisions of this Indenture or the Notes to the “Description of Notes” section of the Offering Memorandum;
		

		
			(j)to provide for the issuance of additional Notes pursuant to Section 2.10(a); 
		

		
			(k)to elect one or more or eliminate any of the Settlement Methods or elect a Specified Dollar Amount for all conversions;
		

		
			(l)to provide for a successor trustee pursuant to the provisions of Article 7; and
		

		
			(m)to conform this Indenture and the Notes to the Trust Indenture Act. 
		

		
			Upon the written request of the Company, the Trustee is hereby authorized to join with the Company in the execution of any such supplemental indenture, to make any further appropriate agreements and stipulations that may be therein contained, but the Trustee shall not be obligated to, but may in its discretion, enter into any supplemental indenture that affects the Trustee’s own rights, duties or immunities under this Indenture or otherwise.
		

		
			Any supplemental indenture authorized by the provisions of this Section 10.01 may be executed by the Company and the Trustee without the consent of the Holders of any of the Notes at the time outstanding, notwithstanding any of the provisions of Section 10.02.
		

		
			Section 10.02.  Supplemental Indentures with Consent of Holders.  With the consent (evidenced as provided in Article 8) of the Holders of at least a majority of the aggregate 
		

		 

		

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		principal amount of the Notes then outstanding (determined in accordance with Article 8 and including, without limitation, consents obtained in connection with a repurchase of, or tender or exchange offer for, Notes), the Company, when authorized by the resolutions of the Board of Directors and the Trustee, at the Company’s expense, may from time to time and at any time enter into an indenture or indentures supplemental hereto for the purpose of adding any provisions to or changing in any manner or eliminating any of the provisions of this Indenture or any supplemental indenture or of modifying in any manner the rights of the Holders; provided,  however, that, without the consent of each Holder of an outstanding Note affected, no such supplemental indenture shall:
		

		
			(a)reduce the amount of Notes whose Holders must consent to an amendment;
		

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

		
			(c)reduce the principal of or extend the Maturity Date of any Note;
		

		
			(d)make any change that adversely affects the conversion rights of any Notes;
		

		
			(e)reduce the Fundamental Change Repurchase Price of any Note or amend or modify in any manner adverse to the Holders the Company’s obligation to make such payments, whether through an amendment or waiver of provisions in the covenants, definitions or otherwise;
		

		
			(f)make any Note payable in a currency, or at a place of payment, other than that stated in the Note;
		

		
			(g)change the ranking of the Notes; 
		

		
			(h)modify the provisions with respect to the redemption of any Notes in a manner adverse to the Holders of Notes;
		

		
			(i)make any change in this Article 10 that requires each Holder’s consent or in the waiver provisions in Section 6.02 or Section 6.09; or
		

		
			(j)change the provisions described in Section 4.10 in a manner adverse to Holders or beneficial owners of the Notes.
		

		
			Upon the written request of the Company, and upon the filing with the Trustee of evidence of the consent of Holders as aforesaid and subject to Section 10.05, the Trustee shall join with the Company in the execution of such supplemental indenture unless such supplemental indenture affects the Trustee’s own rights, duties or immunities under this Indenture or otherwise, in which case the Trustee may in its discretion, but shall not be obligated to, enter into such supplemental indenture.
		

		
			Holders do not need under this Section 10.02 to approve the particular form of any proposed supplemental indenture.  It shall be sufficient if such Holders approve the substance thereof.  After any such supplemental indenture becomes effective, the Company shall send to the Holders a notice briefly describing such supplemental indenture, unless a current report on 
		

		 

		

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		Form 8-K (or any successor form thereto) is timely filed by the Company describing the amendment.  However, the failure to give such notice to all the Holders, or any defect in the notice, will not impair or affect the validity of the supplemental indenture.
		

		
			Section 10.03.  Effect of Supplemental Indentures.  Upon the execution of any supplemental indenture pursuant to the provisions of this Article 10, this Indenture shall be and be deemed to be modified and amended in accordance therewith and the respective rights, limitation of rights, obligations, duties and immunities under this Indenture of the Trustee, the Company and the Holders shall thereafter be determined, exercised and enforced hereunder subject in all respects to such modifications and amendments and all the terms and conditions of any such supplemental indenture shall be and be deemed to be part of the terms and conditions of this Indenture for any and all purposes.
		

		
			Section 10.04.  Notation on Notes.  Notes authenticated and delivered after the execution of any supplemental indenture pursuant to the provisions of this Article 10 may, at the Company’s expense, bear a notation in form approved by the Trustee as to any matter provided for in such supplemental indenture.  If the Company or the Trustee shall so determine, new Notes so modified as to conform, in the opinion of the Trustee and the Board of Directors, to any modification of this Indenture contained in any such supplemental indenture may, at the Company’s expense, be prepared and executed by the Company, authenticated by the Trustee (or an authenticating agent duly appointed by the Trustee pursuant to Section 17.10) and delivered in exchange for the Notes then outstanding, upon surrender of such Notes then outstanding.
		

		
			Section 10.05.  Evidence of Compliance of Supplemental Indenture to Be Furnished Trustee.  In addition to the documents required by Section 17.05, the Trustee shall receive an Officers’ Certificate and an Opinion of Counsel as conclusive evidence that any supplemental indenture executed pursuant hereto complies with the requirements of this Article 10 and is permitted or authorized by this Indenture.
		

		
			Article 11
Consolidation, Merger, Sale, Conveyance and Lease
		

		
			Section 11.01.  Company May Consolidate, Etc. on Certain Terms.  Subject to the provisions of Section 11.02, the Company shall not consolidate with, merge with or into, or sell, convey, transfer or lease all or substantially all of its properties and assets to another Person (other than the sale, conveyance, transfer or lease of all or substantially all of the Company’s properties and assets to one or more of the Company’s Wholly Owned Subsidiaries), unless:
		

		
			(a)the resulting, surviving or transferee Person (the “Successor Company”), if not the Company, shall be (and, if the Company remains a party to this Indenture following such transaction, the Company is) treated as a corporation for U.S. federal income tax purposes and is (and, if the Company remains a party to this Indenture following such transaction, the Company is) organized and existing under the laws of the United States of America, any State thereof, the District of Columbia, Canada, France, Germany, Italy, Spain or the United Kingdom on the date of this Indenture and the Successor Company (if not the Company) shall expressly assume, by supplemental indenture all of the obligations of the Company under the Notes and this Indenture 
		

		 

		

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		(including, for the avoidance of doubt, the obligation to pay Additional Amounts as set forth in Section 4.10); and
		

		
			(b)immediately after giving effect to such transaction, no Default or Event of Default shall have occurred and be continuing under this Indenture.
		

		
			For purposes of this Section 11.01, the sale, conveyance, transfer or lease of all or substantially all of the properties and assets of one or more Subsidiaries of the Company to another Person, which properties and assets, if held by the Company instead of such Subsidiaries, would constitute all or substantially all of the properties and assets of the Company on a consolidated basis, shall be deemed to be the sale, conveyance, transfer or lease of all or substantially all of the properties and assets of the Company to another Person.
		

		
			Section 11.02.  Successor Company to Be Substituted.  In case of any such consolidation, merger, sale, conveyance, transfer or lease and upon the assumption by the Successor Company, by supplemental indenture, executed and delivered to the Trustee and satisfactory in form to the Trustee, of the due and punctual payment of the principal of and accrued and unpaid interest on all of the Notes, the due and punctual delivery or payment, as the case may be, of any consideration due upon conversion of the Notes and the due and punctual performance of all of the covenants and conditions of this Indenture to be performed by the Company, such Successor Company (if not the Company) shall succeed to and, except in the case of a lease of all or substantially all of the Company’s properties and assets, shall be substituted for the Company, with the same effect as if it had been named herein as the party of the first part.  Such Successor Company thereupon may cause to be signed, and may issue either in its own name or in the name of the Company any or all of the Notes issuable hereunder which theretofore shall not have been signed by the Company and delivered to the Trustee; and, upon the order of such Successor Company instead of the Company and subject to all the terms, conditions and limitations in this Indenture prescribed, the Trustee shall authenticate and shall deliver, or cause to be authenticated and delivered, any Notes that previously shall have been signed and delivered by the Officers of the Company to the Trustee for authentication, and any Notes that such Successor Company thereafter shall cause to be signed and delivered to the Trustee for that purpose.  All the Notes so issued shall in all respects have the same legal rank and benefit under this Indenture as the Notes theretofore or thereafter issued in accordance with the terms of this Indenture as though all of such Notes had been issued at the date of the execution hereof.  In the event of any such consolidation, merger, sale, conveyance or transfer (but not in the case of a lease), upon compliance with this Article 11 the Person named as the “Company” in the first paragraph of this Indenture (or any successor that shall thereafter have become such in the manner prescribed in this Article 11) may be dissolved, wound up and liquidated at any time thereafter and, except in the case of a lease, such Person shall be released from its liabilities as obligor and maker of the Notes and from its obligations under this Indenture and the Notes.
		

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

		 

		

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			Section 11.03.  Opinion of Counsel to Be Given to Trustee.  No such consolidation, merger, sale, conveyance, transfer or lease shall be effective unless the Trustee shall receive an Officers’ Certificate and an Opinion of Counsel as conclusive evidence that any such consolidation, merger, sale, conveyance, transfer or lease and any such assumption and, if a supplemental indenture is required in connection with such transaction, such supplemental indenture, complies with the provisions of this Article 11.
		

		
			Article 12
Immunity of Incorporators, Stockholders, Officers and Directors
		

		
			Section 12.01.  Indenture and Notes Solely Corporate Obligations.  No recourse for the payment of the principal of or accrued and unpaid interest on any Note, nor for any claim based thereon or otherwise in respect thereof, and no recourse under or upon any obligation, covenant or agreement of the Company in this Indenture or in any supplemental indenture or in any Note, nor because of the creation of any indebtedness represented thereby, shall be had against any incorporator, stockholder, employee, agent, Officer or director or Subsidiary, as such, past, present or future, of the Company or of any successor company, either directly or through the Company or any successor company, whether by virtue of any constitution, statute or rule of law, or by the enforcement of any assessment or penalty or otherwise; it being expressly understood that all such liability is hereby expressly waived and released as a condition of, and as a consideration for, the execution of this Indenture and the issue of the Notes.
		

		
			Article 13
[Intentionally Omitted]
		

		
			Article 14
Conversion of Notes
		

		
			Section 14.01.  Conversion Privilege.    (a) Subject to and upon compliance with the provisions of this Article 14, each Holder of a Note shall have the right, at such Holder’s option, to convert all or any portion (if the portion to be converted is a minimum of $1,000 principal amount or an integral multiple thereof) of such Note (i) subject to satisfaction of the conditions described in Section 14.01(b), at any time prior to the close of business on the Business Day immediately preceding January 15, 2021 under the circumstances and during the periods set forth in Section 14.01(b), and (ii) regardless of the conditions described in Section 14.01(b), on or after January 15, 2021 and prior to the close of business on the second Scheduled Trading Day immediately preceding the Maturity Date, in each case, at an initial conversion rate of 33.0579 shares of Common Stock (subject to adjustment as provided in this Article 14, the “Conversion Rate”) per $1,000 principal amount of Notes (subject to, and in accordance with, the settlement provisions of Section 14.02, the “Conversion Obligation”). 
		

		
			(b)(i) Prior to the close of business on the Business Day immediately preceding January 15, 2021, a Holder may surrender all or any portion of its Notes for conversion at any time during the five Business Day period immediately after any five consecutive Trading Day period (the “Measurement Period”) in which the Trading Price per $1,000 principal amount of 
		

		 

		

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		Notes, as determined following a request by a Holder of Notes in accordance with this subsection (b)(i), for each Trading Day of the Measurement Period was less than 98% of the product of the Last Reported Sale Price of the Common Stock on each such Trading Day and the Conversion Rate on each such Trading Day.  The Trading Prices shall be determined by the Bid Solicitation Agent pursuant to this subsection (b)(i) and the definition of Trading Price set forth in this Indenture.  At such time as the Company directs the Bid Solicitation Agent in writing to solicit bid quotations, the Company shall provide the Bid Solicitation Agent with the names and contact details of the three independent nationally recognized securities dealers selected by the Company pursuant to the definition of Trading Price, and the Company shall direct those securities dealers to provide bids to the Bid Solicitation Agent.  The Bid Solicitation Agent shall have no obligation to determine the Trading Price per $1,000 principal amount of Notes unless the Company has requested such determination, and the Company shall have no obligation to make such request unless a Holder of Notes provides the Company with reasonable evidence that the Trading Price per $1,000 principal amount of Notes on any Trading Day would be less than 98% of the product of the Last Reported Sale Price of the Common Stock on such Trading Day and the Conversion Rate on such Trading Day, at which time the Company shall instruct the Bid Solicitation Agent to determine the Trading Price per $1,000 principal amount of Notes beginning on the next Trading Day and on each successive Trading Day until the Trading Price per $1,000 principal amount of Notes is greater than or equal to 98% of the product of the Last Reported Sale Price of the Common Stock and the Conversion Rate.  If the Company does not instruct the Bid Solicitation Agent to determine the Trading Price per $1,000 principal amount of Notes when obligated as provided in the preceding sentence, or if the Company instructs the Bid Solicitation Agent to obtain bids and the Bid Solicitation Agent fails to make such determination, then, in either case, the Trading Price per $1,000 principal amount of Notes shall be deemed to be less than 98% of the product of the Last Reported Sale Price of the Common Stock and the Conversion Rate on each Trading Day of such failure.  If the Trading Price condition set forth above has been met, so long as reasonable evidence has been provided as set forth above, the Company shall so notify in writing the Holders, the Trustee and the Conversion Agent (if other than the Trustee).  If, at any time after the Trading Price condition set forth above has been met, the Trading Price per $1,000 principal amount of Notes is greater than or equal to 98% of the product of the Last Reported Sale Price of the Common Stock and the Conversion Rate for such date, the Company shall so notify in writing the Holders of the Notes, the Trustee and the Conversion Agent (if other than the Trustee).  
		

		
			(ii)If, prior to the close of business on the Business Day immediately preceding January 15, 2021, the Company elects to:
		

		
			(A)issue to all or substantially all holders of the Common Stock any rights, options or warrants entitling them, for a period of not more than 45 calendar days after the announcement date of such issuance, to subscribe for or purchase shares of the Common Stock at a price per share that is less than the average of the Last Reported Sale Prices of the Common Stock for the 10 consecutive Trading Day period ending on, and including, the Trading Day immediately preceding the date of announcement of such issuance; or
		

		 

		

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

		
			then, in either case, the Company shall notify all Holders of the Notes, the Trustee and the Conversion Agent (if other than the Trustee) at least 55 Scheduled Trading Days prior to the Ex-Dividend Date for such issuance or distribution.  Once the Company has given such notice, a Holder may surrender all or any portion of its Notes for conversion at any time until the earlier of (1) the close of business on the Business Day immediately preceding the Ex-Dividend Date for such issuance or distribution and (2) the Company’s announcement that such issuance or distribution will not take place, in each case, even if the Notes are not otherwise convertible at such time.
		

		
			(iii)If a transaction or event that constitutes a Fundamental Change or a Make-Whole Fundamental Change occurs prior to the close of business on the Business Day immediately preceding January 15, 2021, regardless of whether a Holder has the right to require the Company to repurchase the Notes pursuant to Section 15.02, or if the Company is a party to a consolidation, merger, binding share exchange, or transfer or lease of all or substantially all of its assets prior to the close of business on the Business Day immediately preceding January 15, 2021, in each case, pursuant to which the Common Stock would be converted into cash, securities or other assets, all or any portion of a Holder’s Notes may be surrendered for conversion at any time from or after the date that is 65 Scheduled Trading Days prior to the anticipated effective date of the transaction (or, if later, the Business Day after the Company gives notice of such transaction) until 35 Trading Days after the actual effective date of such transaction or, if such transaction also constitutes a Fundamental Change, until the related Fundamental Change Repurchase Date.  The Company shall notify Holders, the Trustee and the Conversion Agent (if other than the Trustee) (x) as promptly as practicable following the date the Company publicly announces such transaction but in no event less than 65 Scheduled Trading Days prior to the anticipated effective date of such transaction or (y) if the Company does not have knowledge of such transaction at least 65 Scheduled Trading Days prior to the anticipated effective date of such transaction, within one Business Day of the date upon which the Company receives notice, or otherwise becomes aware, of such transaction, but in no event later than the actual effective date of such transaction.
		

		
			(iv)Prior to the close of business on the Business Day immediately preceding January 15, 2021, a Holder may surrender all or any portion of its Notes for conversion at any time during any calendar quarter commencing after the calendar quarter ending on September 30, 2016 (and only during such calendar quarter), if the Last Reported Sale Price of the Common Stock for at least 20 Trading Days (whether or not consecutive) during the period of 30 consecutive Trading Days ending on the last Trading Day of the immediately preceding calendar quarter is greater than or equal to 130% of the Conversion Price on each applicable Trading Day.  The Company shall determine at the 
		

		 

		

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		beginning of each calendar quarter commencing after September 31, 2016 whether the Notes may be surrendered for conversion in accordance with this clause (iv) and shall notify in writing the Company, the Trustee and the Conversion Agent (if other than the Trustee) if the Notes become convertible in accordance with this clause (iv). 
		

		
			(v)If the Company calls a Holder’s Notes for redemption pursuant to Article 16, such Holder shall have the right to convert such Holder’s Notes until the close of business on the Business Day immediately preceding the applicable Redemption Date (or, if the Company defaults in the payment of the Redemption Price in respect of such redemption, such date on which such default is no longer continuing), after which time such right to convert will expire.
		

		
			Section 14.02.  Conversion Procedure; Settlement Upon Conversion.    
		

		
			(a)Subject to this Section 14.02, Section 14.03(b) and Section 14.07(a), upon conversion of any Note, the Company shall pay or deliver, as the case may be, to the converting Holder, in respect of each $1,000 principal amount of Notes being converted, cash (“Cash Settlement”), shares of Common Stock, together with cash, if applicable, in lieu of delivering any fractional share of Common Stock in accordance with subsection (j) of this Section 14.02 (“Physical Settlement”) or a combination of cash and shares of Common Stock, together with cash, if applicable, in lieu of delivering  any fractional share of Common Stock in accordance with subsection (j) of this Section 14.02 (“Combination Settlement”), at its election, as set forth in this Section 14.02.
		

		
			(i)All conversions (i) for which the relevant Conversion Date occurs on or after January 15, 2021 or (ii) of Notes called for redemption shall, in each case, be settled using the same Settlement Method.  
		

		
			(ii)Except for any conversions described in Section 14.02(a)(i), the Company shall use the same Settlement Method for all conversions with the same Conversion Date, but the Company shall not have any obligation to use the same Settlement Method with respect to conversions with different Conversion Dates.
		

		
			(iii)If, in respect of any Conversion Date or Notes called for redemption (or the period described in the third immediately succeeding set of parentheses, as the case may be), the Company elects to deliver a notice (the “Settlement Notice”) of the relevant Settlement Method in respect of such Conversion Date (or such period, as the case may be), the Company shall deliver such Settlement Notice in writing to converting Holders, the Trustee and the Conversion Agent (if other than the Trustee) no later than the close of business on the Trading Day immediately following the relevant Conversion Date (or (i) in the case of any conversions for which the relevant Conversion Date occurs on or after January 15, 2021, no later than the close of business on the Scheduled Trading Day immediately preceding January 15, 2021 and (ii) in the case of any conversions for Notes called for redemption, the date the Company delivers the Notice of Redemption).  If the Company does not elect a Settlement Method prior to the deadline set forth in the immediately preceding sentence, the Company shall no longer have the right to elect 
		
		
 

		

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		Cash Settlement or Physical Settlement and the Company shall be deemed to have elected Combination Settlement in respect of its Conversion Obligation, and the Specified Dollar Amount per $1,000 principal amount of Notes shall be equal to $1,000.  Such Settlement Notice shall specify the relevant Settlement Method and in the case of an election of Combination Settlement, the relevant Settlement Notice shall indicate the Specified Dollar Amount per $1,000 principal amount of Notes.  If the Company delivers a Settlement Notice electing Combination Settlement in respect of its Conversion Obligation but does not timely notify converting Holders of the Specified Dollar Amount per $1,000 principal amount of Notes, the Specified Dollar Amount per $1,000 principal amount of Notes shall be deemed to be $1,000. 

		
		
			(iv)The cash, shares of Common Stock or combination of cash and shares of Common Stock in respect of any conversion of Notes (the “Settlement Amount”) shall be computed as follows:
		

		
			(A)if the Company elects to satisfy its Conversion Obligation in respect of such conversion by Physical Settlement, the Company shall deliver to the converting Holder in respect of each $1,000 principal amount of Notes being converted a number of shares of Common Stock equal to the Conversion Rate in effect on the Conversion Date;
		

		
			(B)if the Company elects to satisfy its Conversion Obligation in respect of such conversion by Cash Settlement, the Company shall pay to the converting Holder in respect of each $1,000 principal amount of Notes being converted cash in an amount equal to the sum of the Daily Conversion Values for each of the 50 consecutive Trading Days during the related Observation Period; and
		

		
			(C)if the Company elects (or is deemed to have elected) to satisfy its Conversion Obligation in respect of such conversion by Combination Settlement, the Company shall pay or deliver, as the case may be, in respect of each $1,000 principal amount of Notes being converted, a Settlement Amount equal to the sum of the Daily Settlement Amounts for each of the 50 consecutive Trading Days during the related Observation Period.  
		

		
			(v)The Daily Settlement Amounts (if applicable) and the Daily Conversion Values (if applicable) shall be determined by the Company promptly following the last day of the Observation Period.  Promptly after such determination of the Daily Settlement Amounts or the Daily Conversion Values, as the case may be, and the amount of cash payable in lieu of delivering any fractional share of Common Stock, the Company shall notify the Trustee and the Conversion Agent (if other than the Trustee) of the Daily Settlement Amounts or the Daily Conversion Values, as the case may be, and the amount of cash payable in lieu of delivering fractional shares of Common Stock.  The Trustee and the Conversion Agent (if other than the Trustee) shall have no responsibility for any such determination.
		

		 

		

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			(b)Subject to Section 14.02(e), before any Holder of a Note shall be entitled to convert a Note as set forth above, such Holder shall (i) in the case of a Global Note, comply with the procedures of the Depositary in effect at that time and, if required, pay funds equal to interest payable on the next Interest Payment Date to which such Holder is not entitled as set forth in Section 14.02(h) and (ii) in the case of a Physical Note (1) complete, manually sign and deliver an irrevocable notice to the Conversion Agent as set forth in the Form of Notice of Conversion (or a facsimile thereof) (a “Notice of Conversion”) at the office of the Conversion Agent and state in writing therein the principal amount of Notes to be converted and the name or names (with addresses) in which such Holder wishes the certificate or certificates for any shares of Common Stock to be delivered upon settlement of the Conversion Obligation to be registered, (2) surrender such Notes, duly endorsed to the Company or in blank (and accompanied by appropriate endorsement and transfer documents), at the office of the Conversion Agent, (3) if required, furnish appropriate endorsements and transfer documents and (4) if required, pay funds equal to interest payable on the next Interest Payment Date to which such Holder is not entitled as set forth in Section 14.02(h).  The Trustee (and if different, the Conversion Agent) shall notify the Company of any conversion pursuant to this Article 14 on the Conversion Date for such conversion.  No Notice of Conversion with respect to any Notes may be surrendered by a Holder thereof if such Holder has also delivered a Fundamental Change Repurchase Notice to the Company in respect of such Notes and has not validly withdrawn such Fundamental Change Repurchase Notice in accordance with Section 15.03.
		

		
			If more than one Note shall be surrendered for conversion at one time by the same Holder, the Conversion Obligation with respect to such Notes shall be computed on the basis of the aggregate principal amount of the Notes (or specified portions thereof to the extent permitted thereby) so surrendered.
		

		
			(c)A Note shall be deemed to have been converted immediately prior to the close of business on the date (the “Conversion Date”) that the Holder has complied with the requirements set forth in subsection (b) above.  Except as set forth in ‎Section 14.03(b) and Section 14.07(a), the Company shall pay or deliver, as the case may be, the consideration due in respect of the Conversion Obligation on the third Business Day immediately following the relevant Conversion Date, if the Company elects Physical Settlement, or on the third Business Day immediately following the last Trading Day of the Observation Period, in the case of any other Settlement Method.  If any shares of Common Stock are due to converting Holders, the Company shall issue or cause to be issued, and deliver (if applicable) to the Conversion Agent or to such Holder, or such Holder’s nominee or nominees, the full number of shares of Common Stock to which such Holder shall be entitled, in certificate form or in book-entry format, in satisfaction of the Company’s Conversion Obligation.
		

		
			(d)In case any Note shall be surrendered for partial conversion, the Company shall execute and the Trustee shall authenticate and deliver to or upon the written order of the Holder of the Note so surrendered a new Note or Notes in authorized denominations in an aggregate principal amount equal to the unconverted portion of the surrendered Note, without payment of any service charge by the converting Holder but, if required by the Company or Trustee, with payment of a sum sufficient to cover any documentary, stamp or similar issue or transfer tax or similar governmental charge required by law or that may be imposed in connection therewith as 
		

		 

		

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		a result of the name of the Holder of the new Notes issued upon such conversion being different from the name of the Holder of the old Notes surrendered for such conversion.
		

		
			(e)If a Holder submits a Note for conversion, the Company shall pay any documentary, stamp or similar issue or transfer tax due on the issue of any shares of Common Stock upon conversion, unless the tax is due because the Holder requests such shares to be issued in a name other than the Holder’s name, in which case the Holder shall pay that tax.  The Conversion Agent may refuse to deliver or refuse to instruct the stock transfer agent to deliver the certificates representing the shares of Common Stock being issued in a name other than the Holder’s name until the Trustee receives a sum sufficient to pay any tax that is due by such Holder in accordance with the immediately preceding sentence.  
		

		
			(f)Except as provided in Section 14.04, no adjustment shall be made for dividends on any shares of Common Stock issued upon the conversion of any Note as provided in this Article 14.
		

		
			(g)Upon the conversion of an interest in a Global Note, the Trustee, or the Custodian at the direction of the Trustee, shall make a notation on such Global Note as to the reduction in the principal amount represented thereby.  The Company shall notify the Trustee in writing of any conversion of Notes effected through any Conversion Agent other than the Trustee.
		

		
			(h)Upon conversion, a Holder shall not receive any separate cash payment for accrued and unpaid interest, if any, except as set forth below.  The Company’s settlement of the full Conversion Obligation shall be deemed to satisfy in full its obligation to pay the principal amount of the Note and accrued and unpaid interest, if any, to, but not including, the relevant Conversion Date. As a result, accrued and unpaid interest, if any, to, but not including, the relevant Conversion Date shall be deemed to be paid in full rather than cancelled, extinguished or forfeited.  Upon a conversion of Notes into a combination of cash and shares of Common Stock, accrued and unpaid interest will be deemed to be paid first out of the cash paid upon such conversion.  Notwithstanding the foregoing, if Notes are converted after the close of business on a Regular Record Date, Holders of such Notes as of the close of business on such Regular Record Date will receive the full amount of interest payable on such Notes on the corresponding Interest Payment Date notwithstanding the conversion.  Notes surrendered for conversion during the period from the close of business on any Regular Record Date to the open of business on the immediately following Interest Payment Date must be accompanied by funds equal to the amount of interest payable on the Notes so converted; provided that no such payment shall be required (1) for conversions following the Regular Record Date immediately preceding the Maturity Date; (2) if the Company has specified a Redemption Date that is after a Regular Record Date and on or prior to the Business Day immediately following the corresponding Interest Payment Date and the relevant Conversion Date occurs after such Record Date and on or prior to such Interest Payment Date; (3) if the Company has specified a Fundamental Change Repurchase Date that is after a Regular Record Date and on or prior to the Business Day immediately following the corresponding Interest Payment Date; or (4) to the extent of any Defaulted Amounts, if any Defaulted Amounts exists at the time of conversion with respect to such Note.  Therefore, for the avoidance of doubt, all Holders of record at the close of business on the Regular Record Date immediately preceding the Maturity Date shall receive the full 
		

		 

		

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		interest payment due on the Maturity Date regardless of whether their Notes have been converted following such Regular Record Date.
		

		
			(i)The Person in whose name the shares of Common Stock shall be issuable upon conversion shall be treated as a stockholder of record as of the close of business on the relevant Conversion Date (if the Company elects to satisfy the related Conversion Obligation by Physical Settlement) or the last Trading Day of the relevant Observation Period (if the Company elects to satisfy the related Conversion Obligation by Combination Settlement), as the case may be.  Upon a conversion of Notes, such Person shall no longer be a Holder of such Notes surrendered for conversion.
		

		
			(j)The Company shall not issue any fractional share of Common Stock upon conversion of the Notes and shall instead pay cash in lieu of delivering any fractional share of Common Stock issuable upon conversion based on the Daily VWAP for the relevant Conversion Date (in the case of Physical Settlement) or based on the Daily VWAP for the last Trading Day of the relevant Observation Period (in the case of Combination Settlement). For each Note surrendered for conversion, if the Company has elected Combination Settlement, the full number of shares that shall be issued upon conversion thereof shall be computed on the basis of the aggregate Daily Settlement Amounts for the relevant Observation Period and any fractional shares remaining after such computation shall be paid in cash.  
		

		
			(k)Neither the Trustee nor the Conversion Agent (if other than the Trustee) shall have any duty to determine whether any of the conditions to conversion set forth in Section 14.01 have been satisfied. 
		

		
			Section 14.03.  Increased Conversion Rate Applicable to Certain Notes Surrendered in Connection with Make-Whole Fundamental Changes.    (a)  If a Make-Whole Fundamental Change occurs or becomes effective prior to the Maturity Date and a Holder elects to convert its Notes in connection with such Make-Whole Fundamental Change, the Company shall, under the circumstances described below, increase the Conversion Rate for the Notes so surrendered for conversion by a number of additional shares of Common Stock (the “Additional Shares”), as described below.  A conversion of Notes shall be deemed for these purposes to be “in connection with” such Make-Whole Fundamental Change if the relevant Notice of Conversion is received by the Conversion Agent from, and including, the Effective Date of the Make-Whole Fundamental Change up to, and including, the Business Day immediately prior to the related Fundamental Change Repurchase Date (or, in the case of a Make-Whole Fundamental Change that would have been a Fundamental Change but for the proviso in clause (b) of the definition thereof, the 35th Trading Day immediately following the Effective Date of such Make-Whole Fundamental Change) (such period, the “Make-Whole Fundamental Change Period”).  
		

		
			(b)Upon surrender of Notes for conversion in connection with a Make-Whole Fundamental Change pursuant to Section 14.01(b)(iii), the Company shall, at its option, satisfy the related Conversion Obligation by Physical Settlement, Cash Settlement or Combination Settlement in accordance with Section 14.02; provided,  however, that if, at the effective time of a Make-Whole Fundamental Change described in clause (b) of the definition of Fundamental Change, the Reference Property following such Make-Whole Fundamental Change is composed 
		
		
 

		

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		entirely of cash, for any conversion of Notes following the Effective Date of such Make-Whole Fundamental Change, the Conversion Obligation shall be calculated based solely on the Stock Price for the transaction and shall be deemed to be an amount of cash per $1,000 principal amount of converted Notes equal to the Conversion Rate (including any adjustment for Additional Shares), multiplied by such Stock Price.  In such event, the Conversion Obligation shall be paid to Holders in cash on the third Business Day following the Conversion Date. The Company shall notify the Holders, the Trustee and the Conversion Agent (if other than the Trustee) of the Effective Date of any Make-Whole Fundamental Change and issue a press release announcing such Effective Date no later than five Business Days after such Effective Date.

		
		
			(c)The number of Additional Shares, if any, by which the Conversion Rate shall be increased shall be determined by reference to the table below, based on the date on which the Make-Whole Fundamental Change occurs or becomes effective (the “Effective Date”) and the price (the “Stock Price”) paid (or deemed to be paid) per share of the Common Stock in the Make-Whole Fundamental Change.  If the holders of the Common Stock receive in exchange for their Common Stock only cash in a Make-Whole Fundamental Change described in clause (b) of the definition of Fundamental Change, the Stock Price shall be the cash amount paid per share.  Otherwise, the Stock Price shall be the average of the Last Reported Sale Prices of the Common Stock over the five Trading Day period ending on, and including, the Trading Day immediately preceding the Effective Date of the Make-Whole Fundamental Change.  The Board of Directors shall make appropriate adjustments to the Stock Price, in its good faith determination, to account for any adjustment to the Conversion Rate that becomes effective, or any event requiring an adjustment to the Conversion Rate where the Ex-Dividend Date, Effective Date (as such term is used in Section 14.04) or expiration date of the event occurs during such five consecutive Trading Day period.
		

		
			(d)The Stock Prices set forth in the column headings of the table below shall be adjusted as of any date on which the Conversion Rate of the Notes is otherwise adjusted.  The adjusted Stock Prices shall equal the Stock Prices applicable immediately prior to such adjustment, multiplied by a fraction, the numerator of which is the Conversion Rate immediately prior to such adjustment giving rise to the Stock Price adjustment and the denominator of which is the Conversion Rate as so adjusted.  The number of Additional Shares set forth in the table below shall be adjusted in the same manner and at the same time as the Conversion Rate as set forth in Section 14.04.
		

		
			(e)The following table sets forth the number of Additional Shares of Common Stock by which the Conversion Rate shall be increased per $1,000 principal amount of Notes pursuant to this Section 14.03 for each Stock Price and Effective Date set forth below:
		

		
			
		

		

		

		 

		

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		﻿
		

		
			﻿
		

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

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

		
			(ii)if the Stock Price is greater than $125.00 per share (subject to adjustment in the same manner as the Stock Prices set forth in the column headings of the table above pursuant to subsection (d) above), no Additional Shares shall be added to the Conversion Rate; and 
		

		
			(iii)if the Stock Price is less than $22.00 per share (subject to adjustment in the same manner as the Stock Prices set forth in the column headings of the table above pursuant to subsection (d) above), no Additional Shares shall be added to the Conversion Rate.
		

		
			Notwithstanding the foregoing, in no event shall the Conversion Rate per $1,000 principal amount of Notes exceed 45.4545 shares of Common Stock, subject to adjustment in the same manner as the Conversion Rate pursuant to Section 14.04.
		

		
			(f)Nothing in this Section 14.03 shall prevent an adjustment to the Conversion Rate pursuant to Section 14.04 in respect of a Make-Whole Fundamental Change.
		

		
			(g)For the avoidance of doubt, if a Holder converts its Notes prior to the Effective Date of a Make-Whole Fundamental Change, then, whether or not such Make-Whole Fundamental Change occurs, the Holder shall not be entitled to an increased Conversion Rate in connection with such Make-Whole Fundamental Change.
		

		
			Section 14.04.  Adjustment of Conversion Rate.  The Conversion Rate shall be adjusted from time to time by the Company if any of the following events occurs, except that the Company shall not make any adjustments to the Conversion Rate if Holders of the Notes participate (other than in the case of (x) a share split or share combination or (y) a tender or exchange offer), at the same time and upon the same terms as holders of the Common Stock and solely as a result of holding the Notes, in any of the transactions described in this Section 14.04, without having to convert their Notes, as if they held a number of shares of Common Stock equal to the Conversion Rate, multiplied by the principal amount (expressed in thousands) of Notes held by such Holder.
		

		
			(a)If the Company exclusively issues shares of Common Stock as a dividend or distribution on all or substantially all outstanding shares of the Common Stock, or if the Company effects a share split or share combination, the Conversion Rate shall be adjusted based on the following formula:
		

		

		

		 

		

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		﻿
		

		
			
		

		
			where,
		

		
			CR0=the Conversion Rate in effect immediately prior to the open of business on the Ex-Dividend Date of such dividend or distribution, or immediately prior to the open of business on the Effective Date of such share split or share combination, as applicable;
		

		
			CR'=the Conversion Rate in effect immediately after the open of business on such Ex-Dividend Date or Effective Date;
		

		
			OS0=the number of shares of Common Stock outstanding immediately prior to the open of business on such Ex-Dividend Date or Effective Date; and
		

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

		
			Any adjustment made under this Section 14.04(a) shall become effective immediately after the open of business on the Ex-Dividend Date for such dividend or distribution, or immediately after the open of business on the Effective Date for such share split or share combination, as applicable.  If any dividend or distribution of the type described in this Section 14.04(a) is declared but not so paid or made, the Conversion Rate shall be immediately readjusted, effective as of the date the Board of Directors determines not to pay such dividend or distribution, to the Conversion Rate that would then be in effect if such dividend or distribution had not been declared.
		

		
			(b)If the Company issues to all or substantially all holders of the Common Stock any rights, options or warrants (other than in connection with a shareholder rights plan) entitling them, for a period of not more than 45 calendar days after the announcement date of such issuance, to subscribe for or purchase shares of the Common Stock at a price per share that is less than the average of the Last Reported Sale Prices of the Common Stock for the 10 consecutive Trading Day period ending on, and including, the Trading Day immediately preceding the date of announcement of such issuance, the Conversion Rate shall be increased based on the following formula:
		

		
			
		

		
			﻿
		

		

		

		 

		

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		where,
		

		
			CR0=the Conversion Rate in effect immediately prior to the open of business on the Ex-Dividend Date for such issuance;
		

		
			CR'=the Conversion Rate in effect immediately after the open of business on such Ex-Dividend Date;
		

		
			OS0=the number of shares of Common Stock outstanding immediately prior to the open of business on such Ex-Dividend Date;
		

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

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

		
			Any increase made under this Section 14.04(b) shall be made successively whenever any such rights, options or warrants are issued and shall become effective immediately after the open of business on the Ex-Dividend Date for such issuance.  To the extent that such rights, options, or warrants are not exercised prior to their expiration, or shares of the Common Stock are not delivered after the expiration of such rights, options or warrants, the Conversion Rate shall be decreased to the Conversion Rate that would then be in effect had the increase with respect to the issuance of such rights, options or warrants been made on the basis of delivery of only the number of shares of Common Stock actually delivered.  If such rights, options or warrants are not so issued, the Conversion Rate shall be decreased to the Conversion Rate that would then be in effect if such Ex-Dividend Date for such issuance had not occurred.
		

		
			For purposes of this Section 14.04(b) and for the purpose of Section 14.01(b)(ii)(A), in determining whether any rights, options or warrants entitle the holders to subscribe for or purchase shares of the Common Stock at less than such average of the Last Reported Sale Prices of the Common Stock for the 10 consecutive Trading Day period ending on, and including, the Trading Day immediately preceding the date of announcement for such issuance, and in determining the aggregate offering price of such shares of Common Stock, there shall be taken into account any consideration received by the Company for such rights, options or warrants and any amount payable on exercise or conversion thereof, the value of such consideration, if other than cash, to be determined by the Company in good faith.   
		

		
			(c)If the Company distributes shares of its Capital Stock, evidences of its indebtedness, other assets or property of the Company or rights, options or warrants to acquire its Capital Stock or other securities, to all or substantially all holders of the Common Stock, excluding (i) dividends, distributions or issuances as to which an adjustment was effected pursuant to Section 14.04(a) or Section 14.04(b), (ii) dividends or distributions paid exclusively in cash as to which the provisions set forth in Section 14.04(d) shall apply, and (iii) Spin-Offs as 
		
		
 

		

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		to which the provisions set forth below in this Section 14.04(c) shall apply (any of such shares of Capital Stock, evidences of indebtedness, other assets or property or rights, options or warrants to acquire Capital Stock or other securities, the “Distributed Property”), then the Conversion Rate shall be increased based on the following formula:

		
		
			
		

		
			where,
		

		
			CR0=the Conversion Rate in effect immediately prior to the open of business on the Ex-Dividend Date for such distribution;
		

		
			CR'=the Conversion Rate in effect immediately after the open of business on such Ex-Dividend Date;
		

		
			SP0=the average of the Daily VWAP of the Common Stock over the 10 consecutive Trading Day period ending on, and including, the Trading Day immediately preceding the Ex-Dividend Date for such distribution; and
		

		
			FMV=the fair market value (as determined by the Board of Directors) of the Distributed Property with respect to each outstanding share of the Common Stock on the Ex-Dividend Date for such distribution.
		

		
			Any increase made under the portion of this Section 14.04(c) above shall become effective immediately after the open of business on the Ex-Dividend Date for such distribution.  If such distribution is not so paid or made, the Conversion Rate shall be decreased to the Conversion Rate that would then be in effect if such distribution had not been declared.  Notwithstanding the foregoing, if “FMV” (as defined above) is equal to or greater than “SP0” (as defined above), in lieu of the foregoing increase, each Holder of a Note shall receive, in respect of each $1,000 principal amount thereof, at the same time and upon the same terms as holders of the Common Stock receive the Distributed Property, the amount and kind of Distributed Property such Holder would have received if such Holder owned a number of shares of Common Stock equal to the Conversion Rate in effect on the Ex-Dividend Date for the distribution.  If the Board of Directors determines the “FMV” (as defined above) of any distribution for purposes of this Section 14.04(c) by reference to the actual or when-issued trading market for any securities, it shall in doing so consider the prices in such market over the same period used in computing the Daily VWAP of the Common Stock over the 10 consecutive Trading Day period ending on, and including, the Trading Day immediately preceding the Ex-Dividend Date for such distribution.  
		

		
			With respect to an adjustment pursuant to this Section 14.04(c) where there has been a payment of a dividend or other distribution on the Common Stock of shares of Capital Stock of any class or series, or similar equity interest, of or relating to a Subsidiary or other business unit of the Company, that are, or, when issued, will be, listed or admitted for trading on a U.S. national securities exchange (a “Spin-Off”), the Conversion Rate shall be increased based on the following formula:
		

		

		

		 

		

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			﻿
		

		
			where,
		

		
			CR0=the Conversion Rate in effect immediately prior to the end of the Valuation Period;
		

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

		
			FMV0=the average of the Daily VWAP of the Capital Stock or similar equity interest distributed to holders of the Common Stock applicable to one share of the Common Stock (determined by reference to the definition of Daily VWAP as set forth in Section 1.01 as if references therein to Common Stock were to such Capital Stock or similar equity interest) over the first 10 consecutive Trading Day period after, and including, the Ex-Dividend Date of the Spin-Off (the “Valuation Period”); and
		

		
			MP0=the average of the Daily VWAP of the Common Stock over the Valuation Period.
		

		
			The increase to the Conversion Rate under the preceding paragraph shall occur on the last Trading Day of the Valuation Period; provided that (x) in respect of any conversion of Notes for which Physical Settlement is applicable, if the relevant Conversion Date occurs during the Valuation Period, references in the portion of this Section 14.04(c) related to Spin-Offs to 10 Trading Days shall be deemed to be replaced with such lesser number of Trading Days as have elapsed between the Ex-Dividend Date of such Spin-Off and the Conversion Date in determining the Conversion Rate and (y) in respect of any conversion of Notes for which Cash Settlement or Combination Settlement is applicable, for any Trading Day that falls within the relevant Observation Period for such conversion and within the Valuation Period, references in the portion of this  Section 14.04(c) related to Spin-Offs to 10 Trading Days shall be deemed to be replaced with such lesser number of Trading Days as have elapsed between the Ex-Dividend Date of such Spin-Off and such Trading Day in determining the Conversion Rate as of such Trading Day.  If the Ex-Dividend Date of the Spin-Off is after the 10th Trading Day immediately preceding, and including, the end of any Observation Period in respect of a conversion of Notes, references in the preceding paragraph to 10 Trading Days will be deemed to be replaced, solely in respect of that conversion of Notes, with such lesser number of Trading Days as have elapsed from, and including, the Ex-Dividend Date for the Spin-Off to, and including, the last Trading Day of such Observation Period.
		

		
			For purposes of this Section 14.04(c) (and subject in all respect to Section 14.11), rights, options or warrants distributed by the Company to all holders of the Common Stock entitling them to subscribe for or purchase shares of the Company’s Capital Stock, including Common Stock (either initially or under certain circumstances), which rights, options or warrants, until the occurrence of a specified event or events (“Trigger Event”): (i) are deemed to be transferred with such shares of the Common Stock; (ii) are not exercisable; and (iii) are also issued in 
		

		 

		

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		respect of future issuances of the Common Stock, shall be deemed not to have been distributed for purposes of this Section 14.04(c) (and no adjustment to the Conversion Rate under this Section 14.04(c) will be required) until the occurrence of the earliest Trigger Event, whereupon such rights, options or warrants shall be deemed to have been distributed and an appropriate adjustment (if any is required) to the Conversion Rate shall be made under this Section 14.04(c).  If any such right, option or warrant, including any such existing rights, options or warrants distributed prior to the date of this Indenture, are subject to events, upon the occurrence of which such rights, options or warrants become exercisable to purchase different securities, evidences of indebtedness or other assets, then the date of the occurrence of any and each such event shall be deemed to be the date of distribution and Ex-Dividend Date with respect to new rights, options or warrants with such rights (in which case the existing rights, options or warrants shall be deemed to terminate and expire on such date without exercise by any of the holders thereof).  In addition, in the event of any distribution (or deemed distribution) of rights, options or warrants, or any Trigger Event or other event (of the type described in the immediately preceding sentence) with respect thereto that was counted for purposes of calculating a distribution amount for which an adjustment to the Conversion Rate under this Section 14.04(c) was made, (1) in the case of any such rights, options or warrants that shall all have been redeemed or purchased without exercise by any holders thereof, upon such final redemption or purchase (x) the Conversion Rate shall be readjusted as if such rights, options or warrants had not been issued and (y) the Conversion Rate shall then again be readjusted to give effect to such distribution, deemed distribution or Trigger Event, as the case may be, as though it were a cash distribution, equal to the per share redemption or purchase price received by a holder or holders of Common Stock with respect to such rights, options or warrants (assuming such holder had retained such rights, options or warrants), made to all holders of Common Stock as of the date of such redemption or purchase, and (2) in the case of such rights, options or warrants that shall have expired or been terminated without exercise by any holders thereof, the Conversion Rate shall be readjusted as if such rights, options and warrants had not been issued.
		

		
			For purposes of Section 14.04(a), Section 14.04(b) and this Section 14.04(c), if any dividend or distribution to which this Section 14.04(c) is applicable also includes one or both of: 
		

		
			(A)a dividend or distribution of shares of Common Stock to which Section 14.04(a) is applicable (the “Clause A Distribution”); or
		

		
			(B)a dividend or distribution of rights, options or warrants to which Section 14.04(b) is applicable (the “Clause B Distribution”),
		

		
			then, in either case, (1) such dividend or distribution, other than the Clause A Distribution and the Clause B Distribution, shall be deemed to be a dividend or distribution to which this Section 14.04(c) is applicable (the “Clause C Distribution”) and any Conversion Rate adjustment required by this Section 14.04(c) with respect to such Clause C Distribution shall then be made, and (2) the Clause A Distribution and Clause B Distribution shall be deemed to immediately follow the Clause C Distribution and any Conversion Rate adjustment required by Section 14.04(a) and Section 14.04(b) with respect thereto shall then be made, except that, if determined by the Company (I) the “Ex-Dividend Date” of the Clause A Distribution and the Clause B Distribution shall be deemed to be the Ex-Dividend Date of the Clause C Distribution and (II) 
		

		 

		

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		any shares of Common Stock included in the Clause A Distribution or Clause B Distribution shall be deemed not to be “outstanding immediately prior to the open of business on such Ex-Dividend Date or Effective Date” within the meaning of Section 14.04(a) or “outstanding immediately prior to the open of business on such Ex-Dividend Date” within the meaning of Section 14.04(b).
		

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

		
			
		

		
			﻿
		

		
			where,
		

		
			CR0=the Conversion Rate in effect immediately prior to the open of business on the Ex-Dividend Date for such dividend or distribution;
		

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

		
			SP0=the Daily VWAP of the Common Stock on the Trading Day immediately preceding the Ex-Dividend Date for such dividend or distribution; and
		

		
			C=the amount in cash per share the Company distributes to all or substantially all holders of the Common Stock.
		

		
			Any increase pursuant to this Section 14.04(d) shall become effective immediately after the open of business on the Ex-Dividend Date for such dividend or distribution.  If such dividend or distribution is not so paid, the Conversion Rate shall be decreased, effective as of the date the Board of Directors determines not to make or pay such dividend or distribution, to be the Conversion Rate that would then be in effect if such dividend or distribution had not been declared.  Notwithstanding the foregoing, if “C” (as defined above) is equal to or greater than “SP0” (as defined above), in lieu of the foregoing increase, each Holder of a Note shall receive, for each $1,000 principal amount of Notes, at the same time and upon the same terms as holders of shares of the Common Stock, the amount of cash that such Holder would have received if such Holder owned a number of shares of Common Stock equal to the Conversion Rate on the Ex-Dividend Date for such cash dividend or distribution.  
		

		
			(e)If the Company or any of its Subsidiaries make a payment in respect of a tender or exchange offer for the Common Stock, to the extent that the cash and value of any other consideration included in the payment per share of the Common Stock exceeds the average of the Daily VWAP of the Common Stock over the 10 consecutive Trading Day period commencing on, and including, the Trading Day next succeeding the last date on which tenders 
		

		 

		

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		or exchanges may be made pursuant to such tender or exchange offer, the Conversion Rate shall be increased based on the following formula:
		

		
			
		

		
			﻿
		

		
			where,
		

		
			CR0=the Conversion Rate in effect immediately prior to the close of business on the 10th Trading Day immediately following, and including, the Trading Day next succeeding the date such tender or exchange offer expires;
		

		
			CR'=the Conversion Rate in effect immediately after the close of business on the 10th Trading Day immediately following, and including, the Trading Day next succeeding the date such tender or exchange offer expires;
		

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

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

		
			OS'=the number of shares of Common Stock outstanding immediately after the date such tender or exchange offer expires (after giving effect to the purchase of all shares of Common Stock accepted for purchase or exchange in such tender or exchange offer); and
		

		
			SP'=the average of the Daily VWAP of the Common Stock over the 10 consecutive Trading Day period commencing on, and including, the Trading Day next succeeding the date such tender or exchange offer expires.
		

		
			The increase to the Conversion Rate under this Section 14.04(e) shall occur at the close of business on the 10th Trading Day immediately following, and including, the Trading Day next succeeding the date such tender or exchange offer expires; provided that (x) in respect of any conversion of Notes for which Physical Settlement is applicable, if the relevant Conversion Date occurs during the 10 Trading Days immediately following, and including, the Trading Day next succeeding the expiration date of any tender or exchange offer, references in this Section 14.04(e) with respect to 10 Trading Days and 10th Trading Day shall be deemed replaced with such lesser number of Trading Days as have elapsed between the date that such tender or exchange offer expires and such Conversion Date in determining the Conversion Rate and (y) in respect of any conversion of Notes for which Cash Settlement or Combination Settlement is 
		

		 

		

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		applicable, for any Trading Day that falls within the relevant Observation Period for such conversion and within the 10 Trading Days immediately following, and including, the Trading Day next succeeding the expiration date of any tender or exchange offer, references in this Section 14.04(e) with respect to 10 Trading Days and 10th Trading Day shall be deemed replaced with such lesser number of Trading Days as have elapsed between the expiration date of such tender or exchange offer and such Trading Day in determining the Conversion Rate as of such Trading Day. In addition, if the Trading Day next succeeding the date such tender or exchange offer expires is after the 10th Trading Day immediately preceding, and including, the end of any Observation Period in respect of a conversion of Notes, references in the preceding paragraph to 10 Trading Days and 10th Trading Day shall be deemed to be replaced, solely in respect of that conversion of Notes, with such lesser number of Trading Days as have elapsed from, and including, the Trading Day next succeeding the date such tender or exchange offer expires to, and including, the last Trading Day of such Observation Period. For the avoidance of doubt, for purposes of this subsection (e), the term “tender offer” is used as such term is used in the Exchange Act and the term “exchange offer” means an exchange offer that constitutes a tender offer. 
		

		
			(f)Notwithstanding this Section 14.04 or any other provision of this Indenture or the Notes, if a Conversion Rate adjustment becomes effective on any Ex-Dividend Date, and a Holder that has converted its Notes on or after such Ex-Dividend Date and on or prior to the related Record Date would be treated as the record holder of the shares of Common Stock as of the related Conversion Date as described under Section 14.02(i) based on an adjusted Conversion Rate for such Ex-Dividend Date, then, notwithstanding the Conversion Rate adjustment provisions in this Section 14.04, the Conversion Rate adjustment relating to such Ex-Dividend Date shall not be made for such converting Holder. Instead, such Holder shall be treated as if such Holder were the record owner of the shares of Common Stock on an unadjusted basis and participate in the related dividend, distribution or other event giving rise to such adjustment.
		

		
			In addition, notwithstanding anything to the contrary herein, if, in the case of any conversion of a Note to which Combination Settlement applies, on any Trading Day during the Observation Period corresponding to the Conversion Date for such Note, shares of Common Stock are deliverable as part of the Daily Settlement Amount for such Trading Day, and
		

		
			(i)the record date for any issuance, dividend or distribution, the effective date for any share split or combination or the expiration date for any tender or exchange offer by the Company or its Subsidiaries that, in each case, would require an adjustment to the Conversion Rate pursuant to any of Section 14.04(a) through (e) occurs prior to the Company’s delivery of such shares of Common Stock to the converting Holder; 
		

		
			(ii)the applicable Conversion Rate for such Trading Day will not reflect such adjustment; and
		

		
			(iii)the shares of Common Stock that the Company shall deliver to the converting Holder with respect to such Trading Day are not entitled to participate in the relevant event (because such shares were not held by such Holder on the related record date, effective date, expiration date or otherwise),
		

		

		

		 

		

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		then the Company will (i) in the case of any such issuance, dividend or distribution, deliver to the Holder of such Note, on the date on which such issuance, dividend or distribution is paid or made, the consideration that a Holder of a number of shares equal to the number of shares included in the Daily Settlement Amount for such Trading Day would be entitled to receive in respect of such issuance, dividend or distribution or (ii) in the case of any such share split or combination, tender offer or exchange offer, adjust the number of shares that the Company delivers to such Holder as part of the Daily Settlement Amount for such Trading Day in a manner that appropriately (as determined by the Company in consultation with a nationally recognized independent investment banking firm retained for this purpose) reflects the relevant transaction or event.
		

		
			(g)Except as stated herein, the Company shall not adjust the Conversion Rate for the issuance of shares of the Common Stock or any securities convertible into or exchangeable for shares of the Common Stock or the right to purchase shares of the Common Stock or such convertible or exchangeable securities.
		

		
			(h)In addition to those adjustments required by clauses (a), (b), (c), (d) and (e) of this Section 14.04, and subject to the applicable rules of any exchange on which any of the Company’s securities are then listed, the Company from time to time may increase the Conversion Rate by any amount for a period of at least 20 Business Days if the Board of Directors determines that such increase would be in the Company’s best interest.  In addition, subject to the applicable rules of any exchange on which any of the Company’s securities are then listed, the Company may (but is not required to) increase the Conversion Rate to avoid or diminish any income tax to holders of Common Stock or rights to purchase Common Stock in connection with a dividend or distribution of shares of Common Stock (or rights to acquire shares of Common Stock) or similar event.  Whenever the Conversion Rate is increased pursuant to either of the preceding two sentences, the Company shall mail to the Holder of each Note at its last address appearing on the Note Register, or otherwise send in accordance with the applicable procedures of DTC in the case of Global Notes, a notice of the increase at least 15 days prior to the date the increased Conversion Rate takes effect, and such notice shall state the increased Conversion Rate and the period during which it will be in effect.
		

		
			(i)Notwithstanding anything to the contrary in this Article 14, the Conversion Rate shall not be adjusted:
		

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

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

		 

		

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			(iii)upon the repurchase of any shares of Common Stock pursuant to an open-market share repurchase program or other buyback transaction that is not a tender offer or exchange offer of the nature described in Section 14.04(e);
		

		
			(iv)upon the issuance of any shares of the Common Stock pursuant to any option, warrant, right or exercisable, exchangeable or convertible security not described in clause (ii) of this subsection and outstanding as of the date the Notes were first issued;
		

		
			(v)solely for a change in the par value of the Common Stock; or
		

		
			(vi)for accrued and unpaid interest, if any.
		

		
			(j)All calculations and other determinations under this Article 14 shall be made by the Company and shall be made to the nearest one-ten thousandth (1/10,000th) of a share.  Notwithstanding anything herein to the contrary, the Company shall not be required to make an adjustment to the Conversion Rate unless the adjustment would require an increase or decrease of at least one percent in the then effective Conversion Rate; provided,  however, that any such minor adjustments that are not required to be made shall be carried forward and taken into account in any subsequent adjustment; provided,  further, that any such adjustment of less than one percent that has not been made shall be made upon the occurrence of (i) the Effective Date of any Make-Whole Fundamental Change or any Fundamental Change, (ii) in the case of any Note to which Physical Settlement applies, the relevant Conversion Date, and, in the case of any Note to which Cash Settlement or Combination Settlement applies, each Trading Day of the applicable Observation Period and (iii) every one year anniversary of the date of this Indenture.  In addition, the Company shall not account for such deferrals when determining whether any of the conditions to conversion as described in Section 14.01 have been satisfied or what number of shares of Common Stock a Holder would have held on a given day had it converted its Notes. 
		

		
			(k)Whenever the Conversion Rate is adjusted as herein provided, the Company shall promptly file with the Trustee (and the Conversion Agent if not the Trustee) an Officers’ Certificate setting forth the Conversion Rate after such adjustment and setting forth a brief statement of the facts requiring such adjustment.  Unless and until a Responsible Officer of the Trustee shall have received such Officers’ Certificate, the Trustee shall not be deemed to have knowledge of any adjustment of the Conversion Rate and may assume without inquiry that the last Conversion Rate of which it has knowledge is still in effect.  Neither the Trustee nor the Conversion Agent shall have any duty to deliver the Officers’ Certificate referred to in this paragraph or otherwise notify Holders of any adjustments to the Conversion Rate.  For purposes of this Section 14.04, the number of shares of Common Stock at any time outstanding shall not include shares of Common Stock held in the treasury of the Company so long as the Company does not pay any dividend or make any distribution on shares of Common Stock held in the treasury of the Company, but shall include shares of Common Stock issuable in respect of scrip certificates issued in lieu of fractions of shares of Common Stock.
		

		
			Section 14.05. Adjustments of Prices.  Whenever any provision of this Indenture requires the Company to calculate the Last Reported Sale Prices, the Daily VWAPs, the Daily Conversion Values or the Daily Settlement Amounts over a span of multiple days (including an 
		

		 

		

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		Observation Period and the period for determining the Stock Price for purposes of a Make-Whole Fundamental Change), the Board of Directors shall make appropriate adjustments to each to account for any adjustment to the Conversion Rate that becomes effective, or any event requiring an adjustment to the Conversion Rate where the Ex-Dividend Date, Effective Date or expiration date, as the case may be, of the event occurs, at any time during the period when the Last Reported Sale Prices, the Daily VWAPs, the Daily Conversion Values or the Daily Settlement Amounts are to be calculated.  
		

		
			Section 14.06.  Shares to Be Fully Paid.  The Company shall reserve, free from preemptive rights, out of its authorized but unissued shares or shares held in treasury, sufficient shares of Common Stock to provide for conversion of the Notes from time to time as such Notes are presented for conversion (assuming delivery of the maximum number of Additional Shares pursuant to Section 14.03, that at the time of computation of such number of shares, all such Notes would be converted by a single Holder and that Physical Settlement were applicable). 
		

		
			Section 14.07.  Effect of Recapitalizations, Reclassifications and Changes of the Common Stock.    
		

		
			(a)In the case of:
		

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

		
			(ii)any consolidation, merger, combination or similar transaction involving the Company, 
		

		
			(iii)any sale, lease or other transfer to a third party of the consolidated assets of the Company and the Company’s Subsidiaries substantially as an entirety or 
		

		
			(iv)any statutory share exchange, 
		

		
			in each case, as a result of which the Common Stock would be converted into, or exchanged for, stock, other securities, other property or assets (including cash or any combination thereof) (any such event, a “Merger Event”), then, at and after the effective time of such Merger Event, the right to convert each $1,000 principal amount of Notes shall be changed into a right to convert such principal amount of Notes into the kind and amount of shares of stock, other securities or other property or assets (including cash or any combination thereof) that a holder of a number of shares of Common Stock equal to the Conversion Rate immediately prior to such Merger Event would have owned or been entitled to receive (the “Reference Property,” with each “unit of Reference Property” meaning the kind and amount of Reference Property that a holder of one share of Common Stock is entitled to receive) upon such Merger Event and, prior to or at the effective time of such Merger Event, the Company or the successor or purchasing Person, as the case may be, shall execute with the Trustee a supplemental indenture permitted under Section 10.01(g) providing for such change in the right to convert each $1,000 principal amount of Notes; provided,  however, that at and after the effective time of the Merger Event (A) the Company shall continue to have the right to determine the form of consideration to be paid or delivered, as the case may be, upon conversion of Notes in accordance with Section 14.02 and 
		

		 

		

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		(B) (I) any amount payable in cash upon conversion of the Notes in accordance with Section 14.02 shall continue to be payable in cash, (II) any shares of Common Stock that the Company would have been required to deliver upon conversion of the Notes in accordance with Section 14.02 shall instead be deliverable in the amount and type of Reference Property that a holder of that number of shares of Common Stock would have been entitled to receive in such Merger Event and (III) the Daily VWAP shall be calculated based on the value of a unit of Reference Property. 
		

		
			If the Merger Event causes the Common Stock to be converted into, or exchanged for, the right to receive more than a single type of consideration (determined based in part upon any form of stockholder election), then (i) the Reference Property into which the Notes will be convertible shall be deemed to be (x) the weighted average of the types and amounts of consideration received by the holders of Common Stock that affirmatively make such an election or (y) if no holders of Common Stock affirmatively make such an election, the types and amounts of consideration actually received by the holders of Common Stock, and (ii) the unit of Reference Property for purposes of the immediately preceding paragraph shall refer to the consideration referred to in clause (i) attributable to one share of Common Stock.  If the holders of the Common Stock receive only cash in such Merger Event, then for all conversions for which the relevant Conversion Date occurs after the effective date of such Merger Event (A) the consideration due upon conversion of each $1,000 principal amount of Notes shall be solely cash in an amount equal to the Conversion Rate in effect on the Conversion Date (as may be increased by any Additional Shares pursuant to Section 14.03), multiplied by the price paid per share of Common Stock in such Merger Event and (B) the Company shall satisfy the Conversion Obligation by paying cash to converting Holders on the third Business Day immediately following the relevant Conversion Date. The Company shall notify Holders, the Trustee and the Conversion Agent (if other than the Trustee) of such weighted average as soon as practicable after such determination is made. 
		

		
			Such supplemental indenture described in the second immediately preceding paragraph shall provide for anti-dilution and other adjustments that shall be as nearly equivalent as is possible to the adjustments provided for in this Article 14.  If, in the case of any Merger Event, the Reference Property includes shares of stock, securities or other property or assets (including cash or any combination thereof) of a Person other than the successor or purchasing corporation, as the case may be, in such Merger Event, then such supplemental indenture shall also be executed by such other Person and shall contain such additional provisions to protect the interests of the Holders of the Notes as the Board of Directors shall reasonably consider necessary by reason of the foregoing, including the provisions providing for the purchase rights set forth in Article 15.
		

		
			(b)When the Company executes a supplemental indenture pursuant to subsection (a) of this Section 14.07, the Company shall promptly file with the Trustee an Officers’ Certificate briefly stating the reasons therefor, the kind or amount of cash, securities or property or asset that will comprise a unit of Reference Property after any such Merger Event, any adjustment to be made with respect thereto and that all conditions precedent have been complied with, and shall promptly mail notice thereof to all Holders.  The Company shall cause notice of the execution of such supplemental indenture to be mailed to each Holder, at its address appearing on the Note 
		

		 

		

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		Register, or otherwise send in accordance with the applicable procedures of DTC in the case of Global Notes, provided for in this Indenture, within 20 days after execution thereof.  Failure to deliver such notice shall not affect the legality or validity of such supplemental indenture.
		

		
			(c)The Company shall not become a party to any Merger Event unless its terms are consistent with this Section 14.07.  None of the foregoing provisions shall affect the right of a holder of Notes to convert its Notes into cash, shares of Common Stock or a combination of cash and shares of Common Stock, as applicable, as set forth in Section 14.01 and Section 14.02 prior to the effective date of such Merger Event. 
		

		
			(d)The above provisions of this Section shall similarly apply to successive Merger Events.
		

		
			Section 14.08.  Certain Covenants.    (a) The Company covenants that all shares of Common Stock issued upon conversion of Notes will be fully paid and non-assessable by the Company and free from all taxes, liens and charges with respect to the issue thereof.
		

		
			(b)The Company further covenants that if at any time the Common Stock shall be listed on any national securities exchange or automated quotation system the Company will list and keep listed, so long as the Common Stock shall be so listed on such exchange or automated quotation system, any Common Stock issuable upon conversion of the Notes.
		

		
			Section 14.09.  Responsibility of Trustee.  The Trustee and any other Conversion Agent shall not at any time be under any duty or responsibility to any Holder to determine the Conversion Rate (or any adjustment thereto) or whether any facts exist that may require any adjustment (including any increase) of the Conversion Rate, or with respect to the nature or extent or calculation of any such adjustment when made, or with respect to the method employed, or herein or in any supplemental indenture provided to be employed, in making the same.  The Trustee and any other Conversion Agent shall not be accountable with respect to the validity or value (or the kind or amount) of any shares of Common Stock or Reference Property, or of any securities, property or cash that may at any time be issued or delivered upon the conversion of any Note; and the Trustee and any other Conversion Agent make no representations with respect thereto.  Neither the Trustee nor any Conversion Agent shall be responsible for any failure of the Company to issue, transfer or deliver any shares of Common Stock or stock certificates or other securities or property or cash upon the surrender of any Note for the purpose of conversion or to comply with any of the duties, responsibilities or covenants of the Company contained in this Article.  Without limiting the generality of the foregoing, neither the Trustee nor any Conversion Agent shall be under any responsibility to determine the correctness of any provisions contained in any supplemental indenture entered into pursuant to Section 14.07 relating either to the kind or amount of shares of stock or securities or property (including cash) receivable by Holders upon the conversion of their Notes after any event referred to in such Section 14.07 or to any adjustment to be made with respect thereto, but, subject to the provisions of Section 7.01, may accept (without any independent investigation) as conclusive evidence of the correctness of any such provisions, and shall be protected in relying upon, the Officers’ Certificate (which the Company shall be obligated to file with the Trustee prior to the execution of any such supplemental indenture) with respect thereto.  Neither the 
		

		 

		

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		Trustee nor the Conversion Agent shall be responsible for determining whether any event contemplated by Section 14.01(b) has occurred that makes the Notes eligible for conversion or no longer eligible therefor until the Company has delivered to the Trustee and the Conversion Agent the notices referred to in Section 14.01(b) with respect to the commencement or termination of such conversion rights, on which notices the Trustee and the Conversion Agent may conclusively rely, and the Company agrees to deliver such notices to the Trustee and the Conversion Agent immediately after the occurrence of any such event or at such other times as shall be provided for in Section 14.01(b).
		

		
			Section 14.10.  Notice to Holders Prior to Certain Actions.  In case of any:  
		

		
			(a)action by the Company or one of its Subsidiaries that would require an adjustment in the Conversion Rate pursuant to Section 14.04 or Section 14.11;
		

		
			(b)Merger Event; or
		

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

		
			then, in each case (unless notice of such event is otherwise required pursuant to another provision of this Indenture), the Company shall cause to be filed with the Trustee and the Conversion Agent (if other than the Trustee) and to be mailed to each Holder at its address appearing on the Note Register, , or otherwise send in accordance with the applicable procedures of DTC in the case of Global Notes, as promptly as possible but in any event at least 20 days prior to the applicable date hereinafter specified, a notice stating (i) the date on which a record is to be taken for the purpose of such action by the Company or one of its Subsidiaries or, if a record is not to be taken, the date as of which the holders of Common Stock of record are to be determined for the purposes of such action by the Company or one of its Subsidiaries, or (ii) the date on which such Merger Event, dissolution, liquidation or winding-up is expected to become effective or occur, and the date as of which it is expected that holders of Common Stock of record shall be entitled to exchange their Common Stock for securities or other property deliverable upon such Merger Event, dissolution, liquidation or winding-up.  Failure to give such notice, or any defect therein, shall not affect the legality or validity of such action by the Company or one of its Subsidiaries, Merger Event, dissolution, liquidation or winding-up.
		

		
			Section 14.11.  Stockholder Rights Plans.  If the Company has a stockholder rights plan in effect upon conversion of the Notes, each share of Common Stock, if any, issued upon such conversion shall be entitled to receive the appropriate number of rights, if any, and the certificates representing the Common Stock issued upon such conversion shall bear such legends, if any, in each case as may be provided by the terms of any such stockholder rights plan, as the same may be amended from time to time. However, if, prior to any conversion of Notes, the rights have separated from the shares of Common Stock in accordance with the provisions of the applicable stockholder rights plan, the Conversion Rate shall be adjusted at the time of separation as if the Company distributed to all or substantially all holders of the Common Stock Distributed Property as provided in Section 14.04(c), subject to readjustment in the event of the expiration, termination or redemption of such rights.  For the avoidance of doubt, no adjustment 
		

		 

		

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		shall be made to the Conversion Rate in connection with a dividend or distribution in respect of a shareholder rights plan except as set forth in this Section 14.11.  
		

		
			Section 14.12.  Exchange in Lieu of Conversion.  (a) When a Holder surrenders its Notes for conversion, the Company may, at its election (an “Exchange Election”), direct the Conversion Agent to surrender, on or prior to the first Scheduled Trading Day immediately following the Conversion Date, such Notes to one or more financial institutions designated by the Company for exchange in lieu of conversion. In order to accept any Notes surrendered for conversion, the designated financial institution(s) must agree to timely pay and/or deliver, as the case may be, in exchange for such Notes, the cash, shares of the Common Stock or a combination of cash and shares of the Common Stock, as the case may be, that would otherwise be due upon conversion as described under Section 14.02.  If the Company makes an Exchange Election, it shall, by the close of business on the Scheduled Trading Day immediately following the relevant Conversion Date, notify the Holder surrendering its Notes for conversion, the Trustee and the Conversion Agent that it has made such Exchange Election and that the designated financial institution(s) has agreed to make such exchange in lieu of conversion. A copy of such notice shall include wire instructions and delivery instructions and shall be delivered to the Conversion Agent and to the designated financial institution(s).
		

		
			(b)If the designated financial institution(s) accept(s) any such Notes, it will deliver the amount of cash, if any, and the number of shares of Common Stock, if any, due upon conversion of such Notes as described under Section 14.02 directly to the Holder of such Notes no later than 11:00 a.m., New York City time, on the date the Company would otherwise have been required to deliver such consideration. In the case of Notes held through the Depositary, (x) the designated financial institution(s) shall send an e-mail confirmation to the Conversion Agent once it has (i) wired such cash, if any, to the Holder, providing a Federal Reference Number, (ii) processed a transfer to such Holder of such number of shares of Common Stock, if any, and (y) the Conversion Agent shall then contact the Holder’s custodian with the Depositary to confirm their receipt of such cash, if any, and such number of shares of Common Stock, if any.  Any Notes exchanged by the designated financial institution(s) shall remain outstanding. If the designated financial institution(s) agree(s) to accept any Notes for exchange but does not timely pay or deliver, as the case may be, the consideration due upon conversion, or if the designated financial institution(s) does not accept the Notes for exchange, the Company shall pay or deliver, as the case may be, the consideration due upon conversion to the converting Holder at the time and in the manner required under this Indenture as if the Company had not made an Exchange Election. 
		

		
			(c)The Company’s designation of any financial institution(s) to which the Notes may be submitted for exchange does not require such financial institution(s) to accept any Notes. 
		

		
			Article 15
Repurchase of Notes at Option of Holders
		

		
			Section 15.01.  [Intentionally Omitted] 
		

		 

		

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			Section 15.02.  Repurchase at Option of Holders Upon a Fundamental Change.    (a)  If a Fundamental Change occurs at any time, each Holder shall have the right, at such Holder’s option, to require the Company to repurchase for cash all of such Holder’s Notes, or any portion thereof that is equal to $1,000 or an integral multiple of $1,000 in excess thereof, on the date (the “Fundamental Change Repurchase Date”) specified by the Company that is not less than 20 calendar days or more than 35 calendar days following the date of the Fundamental Change Company Notice at a repurchase price equal to 100% of the principal amount thereof, plus accrued and unpaid interest thereon to, but excluding, the Fundamental Change Repurchase Date (the “Fundamental Change Repurchase Price”), unless the Fundamental Change Repurchase Date falls after a Regular Record Date but on or prior to the Interest Payment Date to which such Regular Record Date relates, in which case the Company shall instead pay the full amount of accrued and unpaid interest to Holders of record as of such Regular Record Date, and the Fundamental Change Repurchase Price shall be equal to 100% of the principal amount of Notes to be repurchased pursuant to this Article 15.  
		

		
			(b)Repurchases of Notes under this Section 15.02 shall be made, at the option of the Holder thereof, upon:
		

		
			(i)delivery to the Paying Agent by a Holder of a duly completed notice (the “Fundamental Change Repurchase Notice”) in the form set forth in Attachment 2 to the Form of Note attached hereto as Exhibit A, if the Notes are Physical Notes, or in compliance with the Depositary’s procedures for surrendering interests in Global Notes, if the Notes are Global Notes, in each case on or before the close of business on the Business Day immediately preceding the Fundamental Change Repurchase Date; and
		

		
			(ii)delivery of the Notes, if the Notes are Physical Notes, to the Paying Agent at any time after delivery of the Fundamental Change Repurchase Notice (together with all necessary endorsements for transfer) at the Corporate Trust Office of the Paying Agent, or book-entry transfer of the Notes, if the Notes are Global Notes, in compliance with the procedures of the Depositary, in each case such delivery being a condition to receipt by the Holder of the Fundamental Change Repurchase Price therefor.
		

		
			The Fundamental Change Repurchase Notice in respect of any Notes to be repurchased shall state:
		

		
			(i)in the case of Physical Notes, the certificate numbers of the Notes to be delivered for repurchase;
		

		
			(ii)the portion of the principal amount of Notes to be repurchased, which must be at least $1,000 or an integral multiple in excess thereof; and
		

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

		
			provided,  however, that if the Notes are Global Notes, the Fundamental Change Repurchase Notice must comply with appropriate Depositary procedures.
		

		

		

		 

		

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		Notwithstanding anything herein to the contrary, any Holder delivering to the Paying Agent the Fundamental Change Repurchase Notice contemplated by this Section 15.02 shall have the right to withdraw, in whole or in part, such Fundamental Change Repurchase Notice at any time prior to the close of business on the Business Day immediately preceding the Fundamental Change Repurchase Date by delivery of a written notice of withdrawal to the Paying Agent in accordance with Section 15.03.
		

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

		
			(c)On or before the 20th day after the occurrence of the effective date of a Fundamental Change, the Company shall provide to all Holders of Notes and the Trustee and the Paying Agent (in the case of a Paying Agent other than the Trustee) a notice (the “Fundamental Change Company Notice”) of the occurrence of the effective date of the Fundamental Change and of the repurchase right at the option of the Holders arising as a result thereof.  In the case of Physical Notes, such notice shall be by first class mail or, in the case of Global Notes, such notice shall be delivered in accordance with the applicable procedures of the Depositary.  Simultaneously with providing such notice, the Company shall publish a notice containing the information set forth in the Fundamental Change Company Notice in a newspaper of general circulation in The City of New York or publish such information on the Company’s website or through such other public medium as the Company may use at that time.  Each Fundamental Change Company Notice shall specify:
		

		
			(i)the events causing the Fundamental Change;
		

		
			(ii)the date of the Fundamental Change;
		

		
			(iii)the last date on which a Holder may exercise the repurchase right pursuant to this Article 15;
		

		
			(iv)the Fundamental Change Repurchase Price;
		

		
			(v)the Fundamental Change Repurchase Date;
		

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

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

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

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

		

		

		 

		

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		No failure of the Company to give the foregoing notices and no defect therein shall limit the Holders’ repurchase rights or affect the validity of the proceedings for the repurchase of the Notes pursuant to this Section 15.02. 
		

		
			At the Company’s request to the Trustee made at least five Business Days prior to the date on which such notice is to be sent (or such shorter period as agreed by the Trustee), the Trustee shall give such notice in the Company’s name and at the Company’s expense; provided, however, that, in all cases, the text of such Fundamental Change Company Notice shall be prepared by the Company.
		

		
			(d)Notwithstanding the foregoing, no Notes may be repurchased by the Company on any date at the option of the Holders upon a Fundamental Change if the principal amount of the Notes has been accelerated, and such acceleration has not been rescinded, on or prior to such date (except in the case of an acceleration resulting from a Default by the Company in the payment of the Fundamental Change Repurchase Price with respect to such Notes). The Paying Agent will promptly return to the respective Holders thereof any Physical Notes held by it during the acceleration of the Notes (except in the case of an acceleration resulting from a Default by the Company in the payment of the Fundamental Change Repurchase Price with respect to such Notes), or any instructions for book-entry transfer of the Notes in compliance with the procedures of the Depositary shall be deemed to have been cancelled, and, upon such return or cancellation, as the case may be, the Fundamental Change Repurchase Notice with respect thereto shall be deemed to have been withdrawn.
		

		
			Section 15.03.  Withdrawal of Fundamental Change Repurchase Notice.    (a)  A Fundamental Change Repurchase Notice may be withdrawn (in whole or in part) by means of a written notice of withdrawal delivered to the Corporate Trust Office of the Paying Agent in accordance with this Section 15.03 at any time prior to the close of business on the Business Day immediately preceding the Fundamental Change Repurchase Date, specifying:
		

		
			(i)the principal amount of the Notes with respect to which such notice of withdrawal is being submitted,
		

		
			(ii)if Physical Notes have been issued, the certificate number of the Note in respect of which such notice of withdrawal is being submitted, and
		

		
			(iii)the principal amount, if any, of such Note that remains subject to the original Fundamental Change Repurchase Notice, which portion must be in principal amounts of $1,000 or an integral multiple of $1,000;
		

		
			provided,  however, that if the Notes are Global Notes, the notice must comply with appropriate procedures of the Depositary.
		

		
			Section 15.04.  Deposit of Fundamental Change Repurchase Price.    (a)  The Company will deposit with the Trustee (or other Paying Agent appointed by the Company, or if the Company is acting as its own Paying Agent, set aside, segregate and hold in trust as provided in Section 4.04) on or prior to 11:00 a.m., New York City time, on the Fundamental Change Repurchase Date an amount of money sufficient to repurchase all of the Notes to be repurchased 
		

		 

		

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		at the appropriate Fundamental Change Repurchase Price.  Subject to receipt of funds and/or Notes by the Trustee (or other Paying Agent appointed by the Company), payment for Notes surrendered for repurchase (and not withdrawn prior to the close of business on the Business Day immediately preceding the Fundamental Change Repurchase Date) will be made on the later of (i) the Fundamental Change Repurchase Date (provided the Holder has satisfied the conditions in Section 15.02) and (ii) the time of book-entry transfer or the delivery of such Note to the Trustee (or other Paying Agent appointed by the Company) by the Holder thereof in the manner required by Section 15.02 by mailing checks for the amount payable to the Holders of such Notes entitled thereto as they shall appear in the Note Register; provided,  however, that payments to the Depositary shall be made by wire transfer of immediately available funds to the account of the Depositary or its nominee.  The Trustee shall, promptly after such payment and upon written demand by the Company, return to the Company any funds in excess of the Fundamental Change Repurchase Price. 
		

		
			(b)If by 11:00 a.m. New York City time, on the Fundamental Change Repurchase Date, the Trustee (or other Paying Agent appointed by the Company) holds money sufficient to make payment on all the Notes or portions thereof that are to be repurchased on such Fundamental Change Repurchase Date, then, with respect to the Notes that have been properly surrendered for repurchase and have not been validly withdrawn, (i) such Notes will cease to be outstanding, (ii) interest will cease to accrue on such Notes (whether or not book-entry transfer of the Notes has been made or the Notes have been delivered to the Trustee or Paying Agent) and (iii) all other rights of the Holders of such Notes will terminate (other than the right to receive the Fundamental Change Repurchase Price and, if applicable, accrued and unpaid interest).
		

		
			(c)Upon surrender of a Note that is to be repurchased in part pursuant to Section 15.02, the Company shall execute and the Trustee shall authenticate and deliver to the Holder a new Note in an authorized denomination equal in principal amount to the unrepurchased portion of the Note surrendered.
		

		
			Section 15.05.  Covenant to Comply with Applicable Laws Upon Repurchase of Notes.  In connection with any repurchase offer, the Company will:
		

		
			(a)if required, comply with the provisions of Rule 13e-4, Rule 14e-1 and any other tender offer rules under the Exchange Act; and
		

		
			(b)if required, file a Schedule TO or any other required schedule under the Exchange Act; 
		

		
			in each case, so as to permit the rights and obligations under this Article 15 to be exercised in the time and in the manner specified in this Article 15.  Notwithstanding anything to the contrary herein, to the extent that compliance with this Article 15 would result in a violation of any federal or state securities laws or other applicable laws or regulations, the Company shall comply with the applicable securities laws and other laws or regulations and shall not be deemed to have breached its obligations by virtue of such conflict.
		

		
			Section 15.06 Satisfaction of Company’s Fundamental Change Repurchase Obligations
		

		

		

		 

		

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		For the avoidance of doubt, the Company may satisfy certain of its obligations under this Article 15 as follows: in the case of a Fundamental Change pursuant to clauses (a) and/or (b) of the definition thereof, the Company will not be required to make an offer to repurchase Notes upon the occurrence of such Fundamental Change as would otherwise be required under this Article 15 to the extent, and solely to the extent, that the other party to such Fundamental Change (or its affiliate) (i) makes such an offer to purchase the Notes in the same manner, at the same time and otherwise in compliance with the requirements set forth in this Article 15 that would be applicable to such an offer by the Company (including, without limitation, the requirement to comply with applicable securities laws under the provisions in this Article 15) and (ii) purchases all Notes properly tendered and not validly withdrawn under such offer to purchase all in compliance with the requirements set forth under this Article 15 (including, without limitation, the requirement to pay the applicable Fundamental Change Repurchase Price on the later of the applicable Fundamental Change Repurchase Date and the time of book-entry transfer or delivery of the relevant Notes); provided that, the Company will continue to be obligated to (x) deliver the applicable Fundamental Change Repurchase Notice to the Holders, the Trustee and the Paying Agent (which Fundamental Change Repurchase Notice, in addition to the requirements under Section 15.02, states that such party will make such an offer to purchase the Notes) and to, simultaneously with such Fundamental Change Repurchase Notice, publish a notice containing such information in a newspaper of general circulation in The City of New York or publish the information on the Company’s website or through such other public medium as the Company may use at that time, (y) comply with applicable securities laws under the provisions of Article 15 in connection with any such purchase and (z) pay the applicable Fundamental Change Repurchase Price on the later of the applicable Fundamental Change Repurchase Date and the time of book-entry transfer or delivery of the relevant Notes in the event such party fails to make such payment in such amount at such time. The provisions of this Section 15.06 described above will be limited to the matters set forth above and shall not be deemed or otherwise construed to (a) limit any of the Company’s obligations under this Indenture or the Notes (except solely to the extent expressly set forth in the provisions of this Indenture described above in this Section 15.06 and subject to the conditions set forth above in this Section 15.06) or (b) prejudice any right, power or remedy which the Trustee or Holders of the Notes may then have or may have in the future under or in connection with thus Indenture or the Notes.
		

		
			Article 16
Optional Redemption
		

		
			Section 16.01.  Right to Redeem.  The Company shall not redeem the Notes prior to June 15, 2019, and no sinking fund is provided for the Notes.
		

		
			(a)On or after June 15, 2019, the Company may from time to time redeem any or all of the Notes in cash at the applicable Redemption Price if the Last Reported Sale Price per share of the Common Stock for at least 20 Trading Days (whether or not consecutive) during the period of 30 consecutive Trading Days ending on the Trading Day immediately preceding the date of the Redemption Notice exceeds 130% of the applicable Conversion Price for the Notes on each applicable Trading Day.   
		

		

		

		 

		

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		(b)The Company may elect to redeem any or all of the Notes pursuant to this Section 16.01 by providing a Redemption Notice pursuant to Section 16.03, not more than 70 Scheduled Trading Days but not less than 55 Scheduled Trading Days prior to the Redemption Date; provided, however, that 15 calendar days prior to delivery of any Redemption Notice (or such shorter period agreed to by the Trustee) to the Holders, the Company will deliver an Officer’s Certificate to the Trustee (upon which the Trustee may conclusively rely) certifying that the Company is entitled to redeem the Notes in accordance with this Section 16.01.  Substantially concurrently with providing such Redemption Notice, the Company shall issue a press release and publish such information on the Company’s website.
		

		
			Section 16.02  Redemption Price.  The “Redemption Price” for the Notes to be redeemed on any Redemption Date shall be calculated by the Company and be an amount equal to (i) 100% of the principal amount of the Notes being redeemed; plus (ii) any accrued and unpaid interest to, but excluding, the Redemption Date.  If the Redemption Date falls after a Regular Record Date for the payment of interest and on or prior to the corresponding Interest Payment Date, the Company shall not pay accrued and unpaid interest to the Holder of Notes being redeemed, and will instead pay the full amount of accrued and unpaid interest, if any, payable on such Interest Payment Date to the Holder of record as of the Close of Business on such Regular Record Date and the Redemption Price shall be an amount equal to 100% of the principal amount of the Notes being redeemed.
		

		
			Section 16.03  Redemption Notice.  Notice of redemption (a “Redemption Notice”) shall be given in accordance with Section 17.03, to each Holder of Notes (with a copy to the Trustee)  to be redeemed not more than 70 Scheduled Trading Days but not less than 55 Scheduled Trading Days (in accordance with the applicable procedures of DTC in the case of any Global Note) prior to the Redemption Date.
		

		
			(a)The Redemption Notice shall state:
		

		
			(i)the Redemption Date (which must be a Business Day);
		

		
			(ii)the Redemption Price;
		

		
			(iii)that on the Redemption Date, the Redemption Price will become due and payable upon each such Note, and that interest thereon, if any, shall cease to accrue on and after said date;
		

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

		
			(v) that Holders have a right to convert the Notes called for redemption upon satisfaction of the requirements set forth in this Indenture;
		

		
			(vi) the time at which the Holders’ right to convert the Notes called for redemption will expire, which will be the Close of Business on the Business Day immediately preceding the Redemption Date;
		

		

		

		 

		

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		(vii) the procedures a converting Holder must follow to convert its Notes;
		

		
			(viii) the Conversion Rate and, if applicable, the number of Additional Shares under Section 4.10; and
		

		
			(ix) the CUSIP, ISIN or other similar numbers, if any, assigned to such Notes.
		

		
			(b) A Redemption Notice shall be given by the Company or, at the Company’s request, by the Trustee in the name and at the expense of the Company; provided that the Company shall have delivered to the Trustee, at least five (5) Business Days before the Redemption Notice is required to be given (or such shorter period agreed to by the Trustee), an Officer’s Certificate requesting that the Trustee give such notice and attaching the form of Redemption Notice and including the information to be stated in such notice.
		

		
			(c)A Redemption Notice, if given in the manner herein provided, shall be conclusively presumed to have been duly given, whether or not a Holder receives such notice.  In any case, a failure to give such Redemption Notice or any defect in the Redemption Notice to the Holder of any Notes shall not affect the validity of the proceedings for the redemption of any other Notes.
		

		
			(d)A Redemption Notice shall be irrevocable. 
		

		
			Section 16.04  Payment of Notes Called for Redemption
		

		
			(a)If any Redemption Notice has been given in respect of the Notes in accordance with Section 16.03, the Notes shall become due and payable on the Redemption Date at the place or places stated in the Redemption Notice and at the applicable Redemption Price.  On presentation and surrender of the Notes at the place or places stated in the Redemption Notice, the Notes shall be paid and redeemed by the Company at the applicable Redemption Price.  Any Notes redeemed by the Company shall be paid in cash.
		

		
			(b)Prior to 11:00 a.m., New York City time, on the Redemption Date, the Company shall deposit with the Paying Agent or, if the Company is acting as the Paying Agent, shall segregate and hold in trust as provided in Section 7.05, an amount of cash (in immediately available funds if deposited on the Redemption Date) sufficient to pay the Redemption Price for all of the Notes to be redeemed on such Redemption Date.  Subject to the Paying Agent holding money sufficient to pay the Redemption Price for all of the Notes to be redeemed on such Redemption Date, upon surrender of any Note for redemption in accordance with the Redemption Notice, payment for the Notes to be redeemed shall be made on the Redemption Date for such Notes. 
		

		
			(c) Any cash amounts due upon redemption in respect of the Notes presented for redemption shall be paid by the Company to such Holder, or such Holder’s nominee or nominees. The Paying Agent shall, promptly after such payment and upon written demand by the Company, return to the Company any funds in excess of the Redemption Price.
		

		
			Section 16.04  Redemption in Part
		

		

		

		 

		

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		(a) If less than all of the Outstanding Notes are to be redeemed, the Trustee will select the Notes to be redeemed in principal amounts of $1,000 or integral multiples of $1,000 in excess thereof, by lot, on a pro rata basis, by lot or by another method the Trustee considers fair and appropriate, subject, in each case, to compliance with the Applicable Procedures of the Depositary.  If a portion of the Notes is selected for partial redemption and the Holder of such Notes converts a portion of its Notes, the converted portion shall be deemed to be from the portion selected for redemption, except to the extent of the excess, if any, of such converted portion over such portion selected for redemption.
		

		
			(b)In the event of any redemption in part, the Company, the Trustee and the Registrar shall not be required to (i) issue, register the transfer of or exchange any Notes during a period beginning at the Open of Business 15 calendar days before any selection of the Notes and ending at the Close of Business on the earliest date on which the relevant Redemption Notice is deemed to have been given to all Holders of Notes to be redeemed or (ii) register the transfer of or exchange any Notes so selected for redemption, in whole or in part, except the unredeemed portion of any Notes being redeemed in part.
		

		
			Section 16.04  Restrictions on Redemption.  The Company may not redeem the Notes on any date if the principal amount of the Notes has been accelerated in accordance with the terms of this Indenture, and such acceleration has not been rescinded on or prior to the Redemption Date (except in the case of an acceleration resulting from a Default by the Company in the payment of the applicable Redemption Price with respect to such Notes).
		

		
			Article 17
Miscellaneous Provisions
		

		
			Section 17.01.  [Reserved.].    
		

		
			Section 17.02.  Official Acts by Successor Company.  Any act or proceeding by any provision of this Indenture authorized or required to be done or performed by any board, committee or Officer of the Company shall and may be done and performed with like force and effect by the like board, committee or officer of any corporation or other entity that shall at the time be the lawful sole successor of the Company.
		

		
			Section 17.03.  Addresses for Notices, Etc.  Any notice or demand that by any provision of this Indenture is required or permitted to be given or served by the Trustee or by the Holders on the Company shall be deemed to have been sufficiently given or made, for all purposes if given or served by being deposited postage prepaid by registered or certified mail in a post office letter box addressed (until another address is filed by the Company with the Trustee) to Tutor Perini Corporation, 15901 Olden Street, Sylmar, California  91342-1093,  Attention: Corporate Secretary.  Any notice, direction, request or demand hereunder to or upon the Trustee shall be deemed to have been sufficiently given or made, for all purposes, if given or served by being deposited postage prepaid by registered or certified mail in a post office letter box addressed to the Corporate Trust Office.
		

		

		

		 

		

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

		
			Any notice or communication mailed to a Holder shall be mailed to it by first class mail, postage prepaid, at its address as it appears on the Note Register and shall be sufficiently given to it if so mailed within the time prescribed; provided that, in the case of Global Notes, notices given to Holders and beneficial owners may be given through the facilities of the Depositary.
		

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

		
			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 to Holders by mail, then such notification as shall be made with the approval of the Trustee shall constitute a sufficient notification for every purpose hereunder.
		

		
			Section 17.04.  Governing Law; Jurisdiction.  THIS INDENTURE AND EACH NOTE, AND ANY CLAIM, CONTROVERSY OR DISPUTE ARISING UNDER OR RELATED TO THIS INDENTURE AND EACH NOTE, SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK (WITHOUT REGARD TO THE CONFLICTS OF LAWS PROVISIONS THEREOF THAT WOULD APPLY THE LAWS OF ANOTHER JURISDICTION).
		

		
			The Company irrevocably consents and agrees, for the benefit of the Holders from time to time of the Notes and the Trustee, that any legal action, suit or proceeding against it with respect to obligations, liabilities or any other matter arising out of or in connection with this Indenture or the Notes may be brought in the courts of the State of New York or the courts of the United States located in the Borough of Manhattan, New York City, New York and, until amounts due and to become due in respect of the Notes have been paid, hereby irrevocably consents and submits to the non-exclusive jurisdiction of each such court in personam, generally and unconditionally with respect to any action, suit or proceeding for itself in respect of its properties, assets and revenues.  
		

		
			The Company irrevocably and unconditionally waives, to the fullest extent permitted by law, any objection which it may now or hereafter have to the laying of venue of any of the aforesaid actions, suits or proceedings arising out of or in connection with this Indenture brought in the courts of the State of New York or the courts of the United States located in the Borough of Manhattan, New York City, New York and hereby further irrevocably and unconditionally waives and agrees not to plead or claim in any such court that any such action, suit or proceeding brought in any such court has been brought in an inconvenient forum.
		

		
			Section 17.05.  Evidence of Compliance with Conditions Precedent; Certificates and Opinions of Counsel to Trustee.  Upon any application or demand by the Company to the Trustee to take any action under any of the provisions of this Indenture, the Company shall furnish to the 
		

		 

		

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		Trustee an Officers’ Certificate and Opinion of Counsel stating that such action is permitted by the terms of this Indenture.
		

		
			Each Officers’ Certificate provided for, by or on behalf of the Company in this Indenture and delivered to the Trustee with respect to compliance with this Indenture (other than the Officers’ Certificates provided for in Section 4.08) shall include (a) a statement that the person signing such certificate is familiar with the requested action and this Indenture; (b) a brief statement as to the nature and scope of the examination or investigation upon which the statement contained in such certificate is based; (c) a statement that, in the judgment of such person, he or she has made such examination or investigation as is necessary to enable him or her to express an informed judgment as to whether or not such action is permitted by this Indenture; and (d) a statement as to whether or not, in the judgment of such person, such action is permitted by this Indenture.
		

		
			Notwithstanding anything to the contrary in this Section 17.05, if any provision in this Indenture specifically provides that the Trustee shall or may receive an Opinion of Counsel in connection with any action to be taken by the Trustee or the Company hereunder, the Trustee shall be entitled to, or entitled to request, such Opinion of Counsel.
		

		
			Section 17.06.  Legal Holidays.  In any case where any Interest Payment Date, Redemption Date, Fundamental Change Repurchase Date or Maturity Date is not a Business Day, then any action to be taken on such date need not be taken on such date, but may be taken on the next succeeding Business Day with the same force and effect as if taken on such date, and no interest shall accrue in respect of the delay.
		

		
			Section 17.07.  No Security Interest Created.  Nothing in this Indenture or in the Notes, expressed or implied, shall be construed to constitute a security interest under the Uniform Commercial Code or similar legislation, as now or hereafter enacted and in effect, in any jurisdiction.
		

		
			Section 17.08.  Benefits of Indenture.  Nothing in this Indenture or in the Notes, expressed or implied, shall give to any Person, other than the Holders, the parties hereto, any Paying Agent, any Conversion Agent, any authenticating agent, any Note Registrar and their successors hereunder, any benefit or any legal or equitable right, remedy or claim under this Indenture.
		

		
			Section 17.09.  Table of Contents, Headings, Etc.  The table of contents and the titles and headings of the articles and sections of this Indenture have been inserted for convenience of reference only, are not to be considered a part hereof, and shall in no way modify or restrict any of the terms or provisions hereof.
		

		
			Section 17.10.  Authenticating Agent.  The Trustee may appoint an authenticating agent that shall be authorized to act on its behalf and subject to its direction in the authentication and delivery of Notes in connection with the original issuance thereof and transfers and exchanges of Notes hereunder, including under Section 2.04, Section 2.05, Section 2.06, Section 2.07, Section 10.04 and Section 15.04 as fully to all intents and purposes as though the authenticating agent 
		

		 

		

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		had been expressly authorized by this Indenture and those Sections to authenticate and deliver Notes.  For all purposes of this Indenture, the authentication and delivery of Notes by the authenticating agent shall be deemed to be authentication and delivery of such Notes “by the Trustee” and a certificate of authentication executed on behalf of the Trustee by an authenticating agent shall be deemed to satisfy any requirement hereunder or in the Notes for the Trustee’s certificate of authentication.  Such authenticating agent shall at all times be a Person eligible to serve as trustee hereunder pursuant to Section 7.08.
		

		
			Any corporation or other entity into which any authenticating agent may be merged or converted or with which it may be consolidated, or any corporation or other entity resulting from any merger, consolidation or conversion to which any authenticating agent shall be a party, or any corporation or other entity succeeding to the corporate trust business of any authenticating agent, shall be the successor of the authenticating agent hereunder, if such successor corporation or other entity is otherwise eligible under this Section 17.10, without the execution or filing of any paper or any further act on the part of the parties hereto or the authenticating agent or such successor corporation or other entity.
		

		
			Any authenticating agent may at any time resign by giving written notice of resignation to the Trustee and to the Company.  The Trustee may at any time terminate the agency of any authenticating agent by giving written notice of termination to such authenticating agent and to the Company.  Upon receiving such a notice of resignation or upon such a termination, or in case at any time any authenticating agent shall cease to be eligible under this Section, the Trustee may appoint a successor authenticating agent (which may be the Trustee), shall give written notice of such appointment to the Company and shall deliver notice of such appointment to all Holders as the names and addresses of such Holders appear on the Note Register.
		

		
			The Company agrees to pay to the authenticating agent from time to time reasonable compensation for its services although the Company may terminate the authenticating agent, if it determines such agent’s fees to be unreasonable.
		

		
			The provisions of Section 7.02, Section 7.03, Section 7.04, Section 8.03 and this Section 17.10 shall be applicable to any authenticating agent.
		

		
			If an authenticating agent is appointed pursuant to this Section 17.10, the Notes  may have endorsed thereon, in addition to the Trustee’s certificate of authentication, an alternative certificate of authentication in the following form:
		

		
			__________________________,
as Authenticating Agent, certifies that this is one of the Notes described
in the within-named Indenture.
		

		
			By: ____________________
Authorized Signatory
		

		
			Section 17.11.  Execution in Counterparts.  This Indenture may be executed in any number of counterparts, each of which shall be an original, but such counterparts shall together constitute but one and the same instrument.  The exchange of copies of this Indenture and of 
		

		 

		

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		signature pages by facsimile or PDF transmission shall constitute effective execution and delivery of this Indenture as to the parties hereto and may be used in lieu of the original Indenture for all purposes.  Signatures of the parties hereto transmitted by facsimile or PDF shall be deemed to be their original signatures for all purposes.
		

		
			Section 17.12.  Severability.  In the event any provision of this Indenture or in the Notes shall be invalid, illegal or unenforceable, then (to the extent permitted by law) the validity, legality or enforceability of the remaining provisions shall not in any way be affected or impaired.
		

		
			Section 17.13.  Waiver of Jury Trial.  EACH OF THE COMPANY AND THE TRUSTEE HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY AND ALL RIGHT TO TRIAL BY JURY IN ANY LEGAL PROCEEDING ARISING OUT OF OR RELATING TO THIS INDENTURE, THE NOTES OR THE TRANSACTIONS CONTEMPLATED HEREBY.
		

		
			Section 17.14.  Force Majeure.  In no event shall the Trustee be responsible or liable for any failure or delay in the performance of its obligations hereunder arising out of or caused by, directly or indirectly, forces beyond its control, including, without limitation, strikes, work stoppages, accidents, acts of war or terrorism, civil or military disturbances, nuclear or natural catastrophes or acts of God, and interruptions, loss or malfunctions of utilities, communications or computer (software and hardware) services; it being understood that the Trustee shall use reasonable efforts that are consistent with accepted practices in the banking industry to resume performance as soon as practicable under the circumstances.
		

		
			Section 17.15.  Calculations.  Except as otherwise provided herein, the Company shall be responsible for making all calculations called for under the Notes.  These calculations include, but are not limited to, determinations of the Last Reported Sale Prices of the Common Stock, the Daily VWAPs, the Daily Conversion Values, the Daily Settlement Amounts, accrued interest payable on the Notes, any Additional Interest payable on the Notes, any Additional Amounts payable on the Notes, the Fundamental Change Repurchase Price, the Redemption Price and the Conversion Rate of the Notes.  The Company shall make all these calculations in good faith and, absent manifest error, the Company’s calculations shall be final and binding on Holders of Notes.  The Company shall provide a schedule of its calculations to each of the Trustee and the Conversion Agent, and each of the Trustee and Conversion Agent is entitled to rely conclusively upon the accuracy of the Company’s calculations without independent verification.  The Trustee will forward the Company’s calculations to any Holder of Notes upon the request of that Holder at the sole cost and expense of the Company.
		

		
			Section 17.16.  USA PATRIOT Act.  The parties hereto acknowledge that in accordance with Section 326 of the USA PATRIOT Act, the Trustee in order to help fight the funding of terrorism and money laundering, is required to obtain, verify, and record information that identifies each person or legal entity that establishes a relationship or opens an account with the Trustee.  The parties to this Indenture agree that they will provide the Trustee with such information as it may request in order for the Trustee to satisfy the requirements of the USA PATRIOT Act.
		

		

		

		 

		

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

			
					
						TUTOR PERINI CORPORATION

				
	
					
						By:

					
					
						/s/ Gary Smalley

				
	
					
						Name:Gary Smalley

				
	
					
						Title:Executive Vice President and Chief Financial Officer

				

		
			﻿
		

			
					
						WILMINGTON TRUST, NATIONAL ASSOCIATION, as Trustee

				
	
					
						By:

					
					
						/s/ Authorized Signatory

				
	
					
						Name:

				
	
					
						Title:

				

		
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NY\7714988.8

 

		

			 

		

		EXHIBIT A
		

		
			[FORM OF FACE OF NOTE]
		

		
			[INCLUDE FOLLOWING LEGEND IF A GLOBAL NOTE]
		

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

		
			NO AFFILIATE (AS DEFINED IN RULE 144 UNDER THE SECURITIES ACT) OF THE COMPANY OR PERSON THAT HAS BEEN AN AFFILIATE (AS DEFINED IN RULE 144 UNDER THE SECURITIES ACT) OF THE COMPANY DURING THE IMMEDIATELY PRECEDING THREE MONTHS MAY PURCHASE, OTHERWISE ACQUIRE OR HOLD THIS SECURITY OR A BENEFICIAL INTEREST HEREIN.
		

		
			[INCLUDE FOLLOWING LEGEND IF A RESTRICTED SECURITY]
		

		
			[THIS SECURITY AND THE COMMON STOCK, IF ANY, ISSUABLE UPON CONVERSION OF THIS SECURITY HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), AND MAY NOT BE OFFERED, SOLD, PLEDGED OR OTHERWISE TRANSFERRED EXCEPT IN ACCORDANCE WITH THE FOLLOWING SENTENCE. BY ITS ACQUISITION HEREOF OR OF A BENEFICIAL INTEREST HEREIN, THE ACQUIRER:
		

		
			(1) REPRESENTS THAT IT AND ANY ACCOUNT FOR WHICH IT IS ACTING IS A “QUALIFIED INSTITUTIONAL BUYER” (WITHIN THE MEANING OF RULE 144A UNDER THE SECURITIES ACT) AND THAT IT EXERCISES SOLE INVESTMENT DISCRETION WITH RESPECT TO EACH SUCH ACCOUNT, AND
		

		
			(2) AGREES FOR THE BENEFIT OF TUTOR PERINI CORPORATION (THE “COMPANY”) THAT IT WILL NOT OFFER, SELL, PLEDGE OR OTHERWISE TRANSFER THIS SECURITY OR ANY BENEFICIAL INTEREST HEREIN PRIOR TO THE DATE THAT IS THE LATER OF (X) ONE YEAR AFTER THE LAST ORIGINAL ISSUE DATE HEREOF OR SUCH SHORTER PERIOD OF TIME AS PERMITTED BY RULE 144 UNDER THE SECURITIES ACT OR ANY SUCCESSOR PROVISION 
		

		 

		

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NY\7714988.8

 

		THERETO AND (Y) SUCH LATER DATE, IF ANY, AS MAY BE REQUIRED BY APPLICABLE LAW, EXCEPT:
		

		
			(A) TO THE COMPANY OR ANY SUBSIDIARY THEREOF, OR
		

		
			(B) PURSUANT TO A REGISTRATION STATEMENT WHICH HAS BECOME EFFECTIVE UNDER THE SECURITIES ACT, OR
		

		
			(C) TO A QUALIFIED INSTITUTIONAL BUYER IN COMPLIANCE WITH RULE 144A UNDER THE SECURITIES ACT, OR 
		

		
			(D) PURSUANT TO AN EXEMPTION FROM REGISTRATION PROVIDED BY RULE 144 UNDER THE SECURITIES ACT OR ANY OTHER AVAILABLE EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT. 
		

		
			PRIOR TO THE REGISTRATION OF ANY TRANSFER IN ACCORDANCE WITH CLAUSE (2)(D) ABOVE, THE COMPANY AND THE REGISTRAR RESERVE THE RIGHT TO REQUIRE THE DELIVERY OF SUCH LEGAL OPINIONS, CERTIFICATIONS OR OTHER EVIDENCE AS MAY REASONABLY BE REQUIRED IN ORDER TO DETERMINE THAT THE PROPOSED TRANSFER IS BEING MADE IN COMPLIANCE WITH THE SECURITIES ACT AND APPLICABLE STATE SECURITIES LAWS. NO REPRESENTATION IS MADE AS TO THE AVAILABILITY OF ANY EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT.]
		

		
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NY\7714988.8

 

		Tutor Perini Corporation

2.875% Convertible Senior Note due 2021
		

		
			No. [_____][Initially]1 $[         ]
		

		
			CUSIP No. [_________]
		

		
			Tutor Perini Corporation, a corporation duly organized and validly existing under the laws of the State of Massachusetts (the “Company,” which term includes any successor company or other entity under the Indenture referred to on the reverse hereof), for value received hereby promises to pay to [CEDE & CO.]2 [_______]3, or registered assigns, the principal sum [as set forth in the “Schedule of Exchanges of Notes” attached hereto]4 [of $[_______]]5, which amount, taken together with the principal amounts of all other outstanding Notes, shall not, unless permitted by the Indenture, exceed $200,000,000 aggregate at any time, in accordance with the rules and procedures of the Depositary, on June 15, 2021, and interest thereon as set forth below. 
		

		
			This Note shall bear interest at the rate of 2.875% per year from June 15, 2016, or from the most recent date to which interest had been paid or provided for to, but excluding, the next scheduled Interest Payment Date until June 15, 2021.  Interest is payable semi-annually in arrears on each June 15 and December 15, commencing on December 15, 2016, to Holders of record at the close of business on the preceding June 1 and December 1 (whether or not such day is a Business Day), respectively. Accrued interest on this Note shall be computed on the basis of a 360-day year composed of twelve 30-day months and, for partial months, on the basis of actual days elapsed over a 30-day month. Additional Interest will be payable as set forth in Section 4.06(d), Section 4.06(e) and Section 6.03 of the within-mentioned Indenture, and any reference to interest on, or in respect of, any Note therein shall be deemed to include Additional Interest if, in such context, Additional Interest is, was or would be payable pursuant to any of such Section 4.06(d), Section 4.06(e) or Section 6.03, and any express mention of the payment of Additional Interest in any provision therein shall not be construed as excluding Additional Interest in those provisions thereof where such express mention is not made. If any Interest Payment Date, Redemption Date, Fundamental Change Repurchase Date or Maturity Date is not a Business Day, then any action to be taken on such date need not be taken on such date, but shall be taken on the next succeeding Business Day with the same force and effect as if taken on such date, and no interest shall accrue in respect of the delay.
		

		
			Any Defaulted Amounts shall accrue interest per annum at the rate borne by the Notes plus one percent, subject to the enforceability thereof under applicable law, from, and including, the relevant payment date to, but excluding, the date on which such Defaulted Amounts shall have been paid by the Company, at its election, in accordance with Section 2.03(c) of the Indenture.  
		

		
			1.  Include if a global note
2.  Include if a global note
3.  Include if a physical note
4.  Include if a global note
5.  Include if a physical note
		

		

		

		 

		

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		The Company shall pay the principal of and interest on this Note, if and so long as such Note is a Global Note, in immediately available funds to the Depositary or its nominee, as the case may be, as the registered Holder of such Note.  As provided in and subject to the provisions of the Indenture, the Company shall pay the principal of any Notes (other than Notes that are Global Notes) at the office or agency designated by the Company for that purpose.  The Company has initially designated the Trustee as its Paying Agent and Note Registrar in respect of the Notes and its Corporate Trust Office as a place where Notes may be presented for payment or for registration of transfer and exchange.  
		

		
			Reference is made to the further provisions of this Note set forth on the reverse hereof, including, without limitation, provisions giving the Holder of this Note the right to convert this Note into cash, shares of Common Stock or a combination of cash and shares of Common Stock, as applicable, on the terms and subject to the limitations set forth in the Indenture.  Such further provisions shall for all purposes have the same effect as though fully set forth at this place.
		

		
			This Note, and any claim, controversy or dispute arising under or related to this Note, shall be construed in accordance with and governed by the laws of the State of New York (without regard to the conflicts of laws provisions thereof).
		

		
			In the case of any conflict between this Note and the Indenture, the provisions of the Indenture shall control and govern.
		

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

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

			
					
						TUTOR PERINI CORPORATION

				
	
					
						By:

					
					
						 

				
	
					
						Name:

				
	
					
						Title:

				

		
			﻿
		

		
			TRUSTEE’S CERTIFICATE OF AUTHENTICATION

WILMINGTON TRUST, NATIONAL ASSOCIATION
as Trustee, certifies that this is one of the Notes described
in the within-named Indenture.
		

		
			By:_______________________________
     Authorized Signatory
		

		
			﻿
		

		
			Dated: 
		

		
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		[FORM OF REVERSE OF NOTE]
		

		
			Tutor Perini Corporation
2.875% Convertible Senior Note due 2021
		

		
			This Note is one of a duly authorized issue of Notes of the Company, designated as its 2.875% Convertible Senior Notes due 2021 (the “Notes”), limited to the aggregate principal amount of $200,000,000 all issued or to be issued under and pursuant to an Indenture dated as of June 15, 2016 (the “Indenture”), between the Company and Wilmington Trust, National Association (the “Trustee”), to which Indenture and all indentures supplemental thereto reference is hereby made for a description of the rights, limitations of rights, obligations, duties and immunities thereunder of the Trustee, the Company and the Holders of the Notes.  Additional Notes may be issued in an unlimited aggregate principal amount, subject to certain conditions specified in the Indenture.  Capitalized terms used in this Note and not defined in this Note shall have the respective meanings set forth in the Indenture.
		

		
			In case certain Events of Default shall have occurred and be continuing, the principal of, and interest on, all Notes may be declared, by either the Trustee or Holders of at least 25% in aggregate principal amount of Notes then outstanding, and upon said declaration shall become, due and payable, in the manner, with the effect and subject to the conditions and certain exceptions set forth in the Indenture.
		

		
			Subject to the terms and conditions of the Indenture, the Company will make all payments and deliveries in respect of the Fundamental Change Repurchase Price on the Fundamental Change Repurchase Date, the Redemption Price on the Redemption Date, and the principal amount on the Maturity Date, as the case may be, to the Holder who surrenders a Note to a Paying Agent to collect such payments in respect of the Note.  The Company will pay cash amounts in money of the United States that at the time of payment is legal tender for payment of public and private debts.  
		

		
			The Indenture contains provisions permitting the Company and the Trustee in certain circumstances, without the consent of the Holders of the Notes, and in certain other circumstances, with the consent of the Holders of not less than a majority in aggregate principal amount of the Notes at the time outstanding, evidenced as in the Indenture provided, to execute supplemental indentures modifying the terms of the Indenture and the Notes as described therein.  It is also provided in the Indenture that, subject to certain exceptions, the Holders of a majority in aggregate principal amount of the Notes at the time outstanding may on behalf of the Holders of all of the Notes waive any past Default or Event of Default under the Indenture and its consequences.
		

		
			No reference herein to the Indenture and no provision of this Note or of the Indenture shall alter or impair the obligation of the Company, which is absolute and unconditional, to pay or deliver, as the case may be, the principal (including the Fundamental Change Repurchase Price or Redemption Price, if applicable) of, accrued and unpaid interest on, and the consideration due upon conversion of, this Note at the place, at the respective times, at the rate and in the lawful money or shares of Common Stock, as the case may be, herein prescribed.
		

		

		

		 

		

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		The Notes are issuable in registered form without coupons in minimum denominations of $1,000 principal amount and integral multiples in excess thereof.  At the office or agency of the Company referred to on the face hereof, and in the manner and subject to the limitations provided in the Indenture, Notes may be exchanged for a like aggregate principal amount of Notes of other authorized denominations, without payment of any service charge but, if required by the Company or Trustee, with payment of a sum sufficient to cover any transfer or similar tax that may be imposed in connection therewith as a result of the name of the Holder of the new Notes issued upon such exchange of Notes being different from the name of the Holder of the old Notes surrendered for such exchange.
		

		
			As provided in and subject to the provisions of the Indenture, the Company may redeem this Note on or after June 15, 2019 under certain conditions specified in Article 16 of the Indenture.  This Note does not benefit from a sinking fund.
		

		
			Upon the occurrence of a Fundamental Change, the Holder has the right, at such Holder’s option, to require the Company to repurchase for cash all of such Holder’s Notes or any portion thereof (in principal amounts of $1,000 or integral multiples thereof) on the Fundamental Change Repurchase Date at a price equal to the Fundamental Change Repurchase Price.
		

		
			Subject to the provisions of the Indenture, the Holder hereof has the right, at its option, during certain periods and upon the occurrence of certain conditions specified in the Indenture, prior to the close of business on the second Scheduled Trading Day immediately preceding the Maturity Date, to convert any Notes or portion thereof that is $1,000 or an integral multiple thereof, into cash, shares of Common Stock or a combination of cash and shares of Common Stock, as applicable, at the Conversion Rate specified in the Indenture, as adjusted from time to time as provided in the Indenture.
		

		

		

		 

		

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		ABBREVIATIONS
		

		
			The following abbreviations, when used in the inscription of the face of this Note, 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 = Uniform Gifts to Minors Act
		

		
			﻿
		

		
			CUST = Custodian
		

		
			﻿
		

		
			TEN ENT = as tenants by the entireties
		

		
			JT TEN  = joint tenants with right of survivorship and not as tenants in common 

		

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

		
			﻿
		

		

		

		 

		

			A-8

		

		

			 

		
NY\7714988.8

 

		SCHEDULE A1
		

		
			SCHEDULE OF EXCHANGES OF NOTES

Tutor Perini Corporation
2.875% Convertible Senior Notes due 2021
		

		
			The initial principal amount of this Global Note is _______ DOLLARS ($[_________]).  The following increases or decreases in this Global Note have been made: 
		

			
					
						﻿

					
					
						 

					
					
						 

					
					
						 

					
					
						 

				
	
					
						Date of exchange

					
					
						Amount of decrease in principal amount of this Global Note

					
					
						Amount of increase in principal amount of this Global Note

					
					
						Principal amount of this Global Note following such decrease or increase

					
					
						Signature of authorized signatory of Trustee or Custodian

				
	
					
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			1.  Include if a global note. 
		

		

		

		 

		

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		ATTACHMENT 1
		

		
			[FORM OF NOTICE OF CONVERSION]
		

		
			To:  Wilmington Trust, National Association
246 Goose Lane, Suite 105
Guilford, CT 06437
Facsimile:  203-453-1183
Attention:  Tutor Perini Corporation Administrator
		

		
			﻿
		

		
			The undersigned registered owner of this Note hereby exercises the option to convert this Note, or the portion hereof (that is $1,000 principal amount or an integral multiple thereof) below designated, into cash, shares of Common Stock or a combination of cash and shares of Common Stock, as applicable, in accordance with the terms of the Indenture referred to in this Note, and directs that any cash payable and any shares of Common Stock issuable and deliverable upon such conversion, together with any cash for any fractional share, and any Notes representing any unconverted principal amount hereof, be issued and delivered to the registered Holder hereof unless a different name has been indicated below.  If any shares of Common Stock or any portion of this Note not converted are to be issued in the name of a Person other than the undersigned, the undersigned will pay all documentary, stamp or similar issue or transfer taxes, if any in accordance with Section 14.02(d) and Section 14.02(e) of the Indenture.  Any amount required to be paid to the undersigned on account of interest accompanies this Note.  Capitalized terms used herein but not defined shall have the meanings ascribed to such terms in the Indenture.
		

		
			Dated:_____________________________________________________
		

		
			________________________________
		

		
			Signature(s)
		

		
			___________________________
		

		
			Signature Guarantee
		

		
			Signature(s) must be guaranteed
by an eligible Guarantor Institution
(banks, stock brokers, savings and
loan associations and credit unions)
with membership in an approved
signature guarantee medallion program
pursuant to Securities and Exchange

		

		 

		

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NY\7714988.8

 

		Commission Rule 17Ad-15 if shares
of Common Stock are to be issued, or
Notes are to be delivered, other than
to and in the name of the registered holder.
		

		
			Fill in for registration of shares if
to be issued, and Notes if to
be delivered, other than to and in the
name of the registered holder:
		

		
			_________________________
		

		
			(Name)
		

		
			_________________________
		

		
			(Street Address)
		

		
			_________________________
		

		
			(City, State and Zip Code)
		

		
			Please print name and address
		

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

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

		
			_________________________
		

		
			Social Security or Other Taxpayer
Identification Number
		

		
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		ATTACHMENT 2
		

		
			[FORM OF FUNDAMENTAL CHANGE REPURCHASE NOTICE]
		

		
			To:  Wilmington Trust, National Association
246 Goose Lane, Suite 105
Guilford, CT 06437
Facsimile:  203-453-1183
Attention:  Tutor Perini Corporation Administrator
		

		
			﻿
		

		
			The undersigned registered owner of this Note hereby acknowledges receipt of a notice from Tutor Perini Corporation (the “Company”) as to the occurrence of a Fundamental Change with respect to the Company and specifying the Fundamental Change Repurchase Date and requests and instructs the Company to pay to the registered holder hereof in accordance with Section 15.02 of the Indenture referred to in this Note (1) the entire principal amount of this Note, or the portion thereof (that is $1,000 principal amount or an integral multiple thereof) below designated, and (2) if such Fundamental Change Repurchase Date does not fall during the period after a Regular Record Date and on or prior to the corresponding Interest Payment Date, accrued and unpaid interest, if any, thereon to, but excluding, such Fundamental Change Repurchase Date.  Capitalized terms used herein but not defined shall have the meanings ascribed to such terms in the Indenture.
		

		
			In the case of Physical Notes, the certificate numbers of the Notes to be repurchased are as set forth below:
		

		
			Dated:_____________________
		

		
			________________________________
		

		
			Signature(s)
		

		
			﻿
		

		
			_________________________
		

		
			Social Security or Other Taxpayer
Identification Number
		

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

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

		
			 
		

		

		

		 

		

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		ATTACHMENT 3
		

		
			[FORM OF ASSIGNMENT AND TRANSFER]
		

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

		
			In connection with any transfer of the within Note occurring prior to the Resale Restriction Termination Date, as defined in the Indenture governing such Note, the undersigned confirms that such Note is being transferred:
		

		
			□To Tutor Perini Corporation or a subsidiary thereof; or
		

		
			□Pursuant to a registration statement that has become or been declared effective under the Securities Act of 1933, as amended; or
		

		
			□Pursuant to and in compliance with Rule 144A under the Securities Act of 1933, as amended; or
		

		
			□Pursuant to and in compliance with Rule 144 under the Securities Act of 1933, as amended, or any other available exemption from the registration requirements of the Securities Act of 1933, as amended.
		

		

		

		 

		

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NY\7714988.8

 

		Dated: ________________________
		

		
			_____________________________________
		

		
			_____________________________________
		

		
			Signature(s)
		

		
			_____________________________________
		

		
			Signature Guarantee
		

		
			Signature(s) must be guaranteed by an
eligible Guarantor Institution (banks, stock
brokers, savings and loan associations and
credit unions) with membership in an approved
signature guarantee medallion program pursuant
to Securities and Exchange Commission
Rule 17Ad-15 if Notes are to be delivered, other
than to and in the name of the registered holder.
		

		
			NOTICE:  The signature on the assignment must correspond with the name as written upon the face of the Note in every particular without alteration or enlargement or any change whatever. 
		

		
			 
		

		 

		

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NY\7714988.8Exhibit 10.1

 

EXECUTION VERSION

 

	
JPMORGAN   CHASE BANK, N.A.
    383 Madison Avenue
    New York, New York 10179
    	
 
    	
BARCLAYS
    745 Seventh Avenue
    New York, NY 10019
    

 

CONFIDENTIAL

 

June 15, 2016

 

AMSURG CORP.

1A Burton Hills Boulevard

Nashville, Tennessee 37215

 

ENVISION HEALTHCARE CORPORATION

6200 S. Syracuse Way

Suite 200

Greenwood Village, Colorado 80110

 

Project Meat
 Commitment Letter

 

Ladies and Gentlemen:

 

You have advised us that Envision Healthcare Corporation, a Delaware corporation (“Emerald”), and AmSurg Corp., a Tennessee corporation (“Amethyst” and, together with Emerald, “you” or the “Companies” and each a “Company”), intend to merge (the “Merger”), directly or indirectly, with each other pursuant to the Merger Agreement (as defined in Exhibit A hereto).  You have further advised each of JPMorgan Chase Bank, N.A. (“JPMCB”) and Barclays Bank PLC (“Barclays” and, collectively with JPMCB and any Additional Committing Lenders, the “Committed Lenders;” the Committed Lenders together with the Lead Arrangers (as defined below), collectively, the “Commitment Parties,” “we” or “us”) that, in connection with the foregoing, you intend to consummate the other Transactions described in the Transaction Description attached hereto as Exhibit A (the “Transaction Description”).  Capitalized terms used but not defined herein shall have the meanings assigned to them in the Transaction Description and in the Summary of Principal Terms and Conditions attached hereto as Exhibit B (the “New Term Loan Term Sheet”), Exhibit C (the “New ABL Term Sheet”), Exhibit D (the “Incremental ABL Term Sheet”), Exhibit E (the “Incremental Term Loan Term Sheet”), Exhibit F (the “Backstop Term Sheet” and, together with the New Term Loan Term Sheet, the New ABL Term Sheet, the Incremental ABL Term Sheet and the Incremental Term Loan Term Sheet, the “Term Sheets”) and the Summary of Additional Conditions attached hereto as Exhibit G (the “Summary of Additional Conditions”;

 

 

together with this commitment letter, the Transaction Description and the Term Sheets, collectively, the “Commitment Letter”).

 

You have further advised each of the Committed Lenders that, in connection therewith, it is intended that the financing for the Transactions will include the senior secured credit facilities (the “Senior Secured Facilities”) described in the Term Sheets, including (a) either (i) if you have not made an Incremental Term Loan Facility Election or Backstop Election, up to the sum of $5.3 billion plus any Term Loan Flex Increase (as defined in the Fee Letter) under the senior secured first-lien term loan facility described in Exhibit B to the Commitment Letter (the “New Term Loan Facility”), or (ii) (A) if you have made an Incremental Term Loan Facility Election, up to the sum of the Incremental Commitment Amount (as defined in Exhibit A hereto) plus any Term Loan Flex Increase under the senior secured first-lien loan facility described in Exhibit E to the Commitment Letter (the “Incremental Term Loan Facility”) or (B) if you have made a Backstop Election up to the sum of the Incremental Commitment Amount plus any Term Loan Flex Increase under the senior secured first lien term loan facility described in Exhibit F to the Commitment Letter (the “Backstop Facility” and, together with the New Term Loan Facility and the Incremental Term Loan Facility, the “Term Loan Facilities”); provided that the amount of such Term Loan Facilities shall be reduced by the 2022 Reduction Amount (as defined in Exhibit A), if applicable, and (b) either (i) if you have not made an Incremental ABL Facility Election, a $1.0 billion senior secured asset-based revolving credit facility described in Exhibit C (the “New ABL Facility”) or (ii) if you have made an Incremental ABL Facility Election, a $450 million incremental senior secured asset-based revolving credit facility described in Exhibit D to the Commitment Letter (the “Incremental ABL Facility” and, together with the New ABL Facility, the “ABL Facilities”). The Term Loan Facilities and the ABL Facilities are each individually referred to herein as a “Facility” and collectively referred to herein as the “Facilities.”

 

In connection with the foregoing, each of JPMCB and Barclays is pleased to advise you of its commitment to provide 50% of the Term Loan Facilities (including, without limitation, any Term Loan Flex Increase) and 50% of the ABL Facilities, in each case, subject only to the conditions set forth in the Funding Conditions Provision (as defined below) in the Summary of Additional Conditions and, (u) solely with respect to the New Term Loan Facility, under the heading “Conditions Precedent to Initial Extensions of Credit” in the New Term Loan Term Sheet (v) solely with respect to the New ABL Facility, under the heading “Conditions Precedent to Initial Extensions of Credit” in the New ABL Term Sheet, (w) solely with respect to the Incremental ABL Facility, under the heading “Conditions Precedent to Initial Extensions of Credit” in the Incremental ABL Term Sheet, (x) solely with respect to the Incremental Term Loan Facility, under the heading “Conditions Precedent to Initial Extensions of Credit” in the Incremental Term Loan Term Sheet and (y) solely with respect to the Backstop Facility, under the heading “Conditions Precedent to Initial Extensions of Credit” in the Backstop Term Sheet.

 

It is agreed that:

 

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(i) Each of JPMCB and Barclays will act as joint lead arranger and joint bookrunner (in such capacity, each a “Term Loan Lead Arranger” and, collectively with any other arrangers and bookrunners appointed pursuant to this Commitment Letter, the “Term Loan Lead Arrangers”) for (x) the Term Loan Facilities, (y) if an Incremental Facility Election or Backstop Election is made, for any other term loan facility (a “Best Efforts Term Loan Facility”) that is incurred for purposes of refinancing Emerald’s existing senior secured term loan with a final maturity in 2018 (the “Emerald 2018 Term Loan”) and (z) if applicable, the Existing Term Loan Credit Agreement Amendment, and

 

(ii) Each of JPMCB and Barclays will act as joint lead arranger and joint bookrunner (in such capacity, each a “Lead ABL Facilities Arranger” and, collectively with any other arrangers and bookrunners appointed pursuant to this Commitment Letter, the “Lead ABL Facilities Arrangers” and together with the Term Loan Lead Arrangers, the “Lead Arrangers”) for (x) the ABL Facilities and (y) if applicable, the Existing ABL Credit Agreement Amendment; provided that you agree that (x) JPMCB shall receive “top left” placement in any listing of the Lead Arrangers and shall have the rights customarily associated with such placement and Barclays shall receive placement to the immediate right of JPMCB in any listing of the Lead Arrangers, (y) JPMCB may perform its responsibilities hereunder as Lead Arranger through its affiliate, J.P. Morgan Securities LLC and (z) no Commitment Party or any affiliate thereof has any commitment under this Commitment Letter to provide any Best Efforts Term Loan Facility or to ensure the successful approval of the Existing Term Loan Credit Agreement Amendment or the Existing ABL Credit Agreement Amendment (it being understood that any such commitment would be evidenced in a separate written agreement among the Companies and such Commitment Party or its relevant affiliate).

 

You may, on or prior to the date that is 15 business days after the date of this Commitment Letter, appoint additional agents, co-agents, lead arrangers, managers, arrangers or up to three additional bookrunners (any such agent, co-agent, lead arranger, bookrunner, manager or arranger, an “Additional Committing Lender”) or confer other titles in respect of the Facilities in a manner and with economics determined by you in consultation with the Lead Arrangers (it being understood that, to the extent you appoint Additional Committing Lenders or confer other titles in respect of the Facilities, (x) each such Additional Committing Lender will assume a portion of the commitments of each of the Facilities on a pro rata basis (and the commitments of each Committed Lender as of the date hereof with respect to such portion will be reduced ratably) and (y) the economics allocated to the Committed Lenders as of the date hereof in respect of each of the Facilities will be reduced ratably by the amount of the economics allocated to such appointed entities upon the execution by such financial institution of customary joinder documentation and, thereafter, each such financial institution shall constitute a “Committed Lender” hereunder and under the Fee Letter); provided that (i) fees will be allocated to each such appointed entity on a pro rata basis in respect of the commitments it is assuming or on such other basis as you and the Lead Arrangers may agree, (ii) no Additional Committing Lender will be entitled to greater economics than JPMCB or Barclays and (iii) in no event shall JPMCB and Barclays be entitled to less than 40.0% and 40.0%, respectively, of the economics of the Facilities, respectively, as a result of the

 

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appointments of Additional Committing Lenders pursuant to this sentence.  No compensation (other than that expressly contemplated by this Commitment Letter and the Fee Letter and other than in connection with any additional appointments referred to above) will be paid to any Lender in connection with the Facilities unless you and we so agree.

 

The Commitment Parties reserve the right, prior to or after the execution of definitive documentation for the Facilities (which we agree will be initially drafted jointly by each of the Companies’ respective counsel), to syndicate all or a portion of the Committed Lenders’ commitments hereunder and, if applicable, any other Best Efforts Term Loan Facility, to a group of financial institutions (together with the Committed Lenders, the “Lenders”) identified by the Lead Arrangers in consultation with you and reasonably acceptable to them and you with respect to the identity of such Lender (in each case such consent not to be unreasonably withheld), it being understood that we will not syndicate to (a) those persons identified by you in writing to the Commitment Parties prior to the date hereof or (b) any competitors of the Companies identified from time to time by you to the Commitment Parties in writing or to any affiliates of such competitors, to the extent reasonably identifiable on the basis of the name thereof, with respect to this clause (b), other than any affiliate that is a bona fide debt fund (such persons described in the foregoing clauses (a) and (b), collectively, the “Disqualified Institutions”); provided that, notwithstanding each Committed Lender’s right to syndicate the Facilities and receive commitments with respect thereto, it is agreed that any syndication, assignment, or receipt of commitments in respect of all or any portion of a Committed Lender’s commitments hereunder prior to the initial funding under the Facilities shall not be a condition to such Committed Lender’s commitments nor reduce such Committed Lender’s commitments hereunder with respect to any of the Facilities (provided, however, that, notwithstanding the foregoing, assignments of a Committed Lender’s commitments, which are effective simultaneously with the funding of such commitments by the assignee, shall be permitted) (the date of such initial funding under the Facilities, the “Closing Date”) and, unless you otherwise agree in writing, each Committed Lender shall retain exclusive control over all rights and obligations with respect to its commitments, including all rights with respect to consents, modifications, waivers and amendments, until the initial funding on the Closing Date has occurred.  Without limiting your obligations to assist with syndication efforts as set forth below, it is understood that the Committed Lenders’ commitments hereunder are not subject to or conditioned on the syndication of the Facilities.  The Commitment Parties intend to commence syndication efforts promptly upon the execution of this Commitment Letter and as part of their syndication efforts, it is their intent to have Lenders commit to the Facilities prior to the Closing Date (subject to the limitations set forth in the second preceding sentence).  You agree to actively assist the Commitment Parties in completing a timely syndication that is reasonably satisfactory to them and you.  Such assistance shall include, without limitation, until the earlier to occur of (i) the later of (x) the Closing Date and (y) a Successful Syndication (as defined in the Fee Letter) and (ii) 30 days after the Closing Date, (a) your using commercially reasonable efforts to ensure that any syndication efforts benefit materially from your existing lending and investment banking relationships, (b) direct contact between senior management, representatives and advisors of Emerald and 

 

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Amethyst, on the one hand, and the proposed Lenders, on the other hand, in all such cases at times mutually agreed upon, (c) your assistance in the preparation of a customary confidential information memorandum for the Facilities and other marketing materials to be used in connection with the syndications (the “Confidential Information Memorandum”) and your using commercially reasonable efforts to provide such Confidential Information Memorandum (other than the portions thereof customarily provided by financing arrangers to us no less than 20 consecutive calendar days prior to the Closing Date (provided that (x) if such period has not ended prior to August 20, 2016, such period shall not be deemed to have commenced until September 6, 2016, (y) if such period has not ended prior to December 24, 2016, such period shall not be deemed to have commenced until January 3, 2017 and (z) the days from November 24, 2016 to November 27, 2016 shall not be considered calendar days for purposes of such period), (d) prior to the launch of syndication, using your commercially reasonable efforts to procure or confirm a corporate credit rating and a corporate family rating (but in each case, no specific rating) in respect of the Borrower from Standard & Poor’s Ratings Services (“S&P”) and Moody’s Investors Service, Inc. (“Moody’s”), respectively, and ratings (but no specific ratings) for the Term Loan Facilities and, if applicable, any Best Efforts Term Loan Facility from each of S&P and Moody’s, (e) the hosting, with the Lead Arrangers, of one lender meeting with prospective Lenders at a time and place to be mutually agreed upon and (f) your ensuring that there shall be no competing issues of debt securities or commercial bank or other credit facilities of the Companies or any of their respective subsidiaries being offered, placed or arranged (other than those debt securities the proceeds of which are applied to reduce the commitments of the Commitment Parties in respect of the Term Loan Facilities, a Permitted Financing (as defined in the Fee Letter), replacements, extensions and renewals of existing indebtedness that matures prior to the date that is 60 days following the Expiration Date (as defined below), and any other indebtedness of the Companies and their subsidiaries permitted to be incurred pursuant to the Merger Agreement) if the offering, placement or arrangement of such debt securities or commercial bank or other credit facilities would have, in the reasonable judgment of the Lead Arrangers, a detrimental effect upon the primary syndication of the Facilities.  Notwithstanding anything to the contrary contained in this Commitment Letter or the Fee Letter, but without limiting your obligations to assist with syndication efforts as set forth herein, it is understood that neither the commencement nor completion of the syndication of the Facilities shall constitute a condition to the availability of the Facilities on the Closing Date or at any time thereafter.

 

The Lead Arrangers will, in consultation with you, manage all aspects of any syndication of the Facilities and, if applicable, any Best Efforts Term Loan Facility, including decisions as to the selection of institutions to be approached and when they will be approached, when their commitments will be accepted, which institutions will participate (which institutions shall be reasonably acceptable to you), the allocation of the commitments among the Lenders and the amount and distribution of fees among the Lenders.  To assist the Lead Arrangers in their syndication efforts, you agree promptly to prepare and provide to the Committed Lenders all customary information with respect to the Companies and their subsidiaries and the Transactions, including all financial information and projections (including financial estimates, budgets, forecasts and other

 

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forward-looking information, the “Projections”), as the Committed Lenders may reasonably request in connection with the structuring, arrangement and syndication of the Facilities and, if applicable, any Best Efforts Term Loan Facility.  Each Company hereby represents and warrants that, (a) all written information and written data other than the Projections and information of a general economic or general industry nature (the “Information”) that has been or will be made available to the Commitment Parties by or on behalf of such Company or any of its representatives, taken as a whole, is or will be, when furnished, correct in all material respects and does not or will not, when furnished, contain any untrue statement of a material fact or omit to state a material fact necessary in order to make the statements contained therein not materially misleading in light of the circumstances under which such statements are made (after giving effect to all supplements thereto) and (b) the Projections that have been or will be made available to the Commitment Parties by or on behalf of such Company or any of its representatives have been or will be prepared in good faith based upon assumptions that such Company believes to be reasonable at the time made and at the time the related Projections are made available to the Commitment Parties; it being understood that the Projections are as to future events and are not to be viewed as facts, and that actual results during the period or periods covered by any such Projections may differ significantly from the projected results and such differences may be material.  Each Company agrees that if, at any time prior to the Closing Date and, thereafter, if applicable, until the earlier to occur of (i) a Successful Syndication and (ii) 30 days after the Closing Date, such Company becomes aware that any of the representations in the preceding sentence would be incorrect (to such Company’s knowledge with respect to information relating to the other Company and its subsidiaries) in any material respect if the Information and Projections were being furnished, and such representations were being made, at such time, then such Company will use commercially reasonable efforts to promptly supplement the Information and the Projections so that such representations will be correct (to such Company’s knowledge with respect to information relating to the other Company and its subsidiaries) in all material respects under those circumstances.  In arranging and syndicating the Facilities and, if applicable, the Best Efforts Term Loan Facility, the Commitment Parties will be entitled to use and rely primarily on the Information and the Projections without responsibility for independent verification thereof.

 

Notwithstanding anything herein to the contrary, the only financial statements that shall be required to be provided to the Commitment Parties in connection with the syndication of the Facilities shall be those required to be delivered pursuant to paragraphs 5 and 6 of the Summary of Additional Conditions.

 

You hereby acknowledge that (a) the Commitment Parties will make available Information and Projections to the proposed syndicate of Lenders by posting such Information and Projections on IntraLinks, SyndTrak Online or similar electronic means and (b) certain of the Lenders (each, a “Public Lender”) may wish to receive only information that (i) is publicly available or (ii) is not material with respect to the Companies, their affiliates or any of their or their affiliates’ respective securities for purposes of United States federal and state securities laws (collectively, the “Public Side Information”).  If reasonably requested by the Lead Arrangers, you will use commercially

 

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reasonable efforts to assist us in preparing a customary additional version of the Confidential Information Memorandum to be used by Public Lenders.  The information to be included in the additional version of the Confidential Information Memorandum will contain only Public Side Information.  It is understood that in connection with your assistance described above, authorization letters, in form substantially similar to authorization letters previously delivered by Emerald, will be included in any Confidential Information Memorandum, which letters authorize the distribution of the Confidential Information Memorandum to prospective Lenders, containing a representation to the Lead Arrangers that the public-side version contains only Public Side Information (and, in each case, a “10b-5” representation to the Lead Arrangers substantially similar to the representations included in authorization letters previously delivered by Emerald and incorporating by reference relevant filings of the Companies made pursuant to the Securities and Exchange Act of 1934), which Confidential Information Memorandum shall exculpate you and your respective affiliates and us and our affiliates with respect to any liability related to the use of the Confidential Information Memorandum or any related marketing material by the recipients thereof.  You agree to use commercially reasonable efforts to identify that portion of the Information that may be distributed to the Public Lenders as “PUBLIC,” which, at the minimum, shall mean that the word “PUBLIC” shall appear prominently on the first page thereof.  You agree that by your marking such materials “PUBLIC,” you shall be deemed to have authorized the Lead Arrangers (subject to the confidentiality and other provisions of this Commitment Letter) to treat such materials as information that is Public Side Information (it being understood that you shall not be under any obligation to mark any particular portion of the Information as “PUBLIC”).  You agree that, subject to the confidentiality and other provisions of this Commitment Letter, the Lead Arrangers on your behalf may distribute the following documents to all prospective lenders in the form provided to you and to each of your respective counsel a reasonable time prior to their distribution, unless you or any of your respective counsel advise the Lead Arrangers in writing (including by email) within a reasonable time prior to their intended distribution that such material should only be distributed to prospective lenders that are not Public Lenders (each, a “Private Lender”):  (a) the Term Sheets and any term sheet relating to the Best Efforts Term Loan Facility; (b) drafts and final definitive documentation with respect to the Facilities and, if applicable, the Best Efforts Term Loan Facility; (c) administrative materials prepared by the Committed Lenders for prospective Lenders (such as a lender meeting invitation, allocations and funding and closing memoranda); and (d) notification of changes in the terms of the Facilities and, if applicable, the Best Efforts Term Loan Facility.  If you advise us that any of the foregoing items should be distributed only to Private Lenders, then none of the Lead Arrangers and the Committed Lenders will distribute such materials to Public Lenders without your consent.

 

As consideration for the commitments of the Committed Lenders hereunder and the agreement of the Commitment Parties to perform the services described herein, you agree to pay (or cause to be paid) the fees set forth in the Term Sheets and in the Fee Letter dated the date hereof and delivered herewith with respect to the Facilities and the Best Efforts Term Loan Facility (the “Fee Letter”).  Once paid, such fees shall not be refundable under any circumstances.

 

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The commitments of the Committed Lenders hereunder and the agreement of the Commitment Parties to perform the services described herein are subject solely to the conditions set forth in the next sentence of this paragraph, in the Summary of Additional Conditions and (i) solely with respect to the New Term Loan Facility, under the heading “Conditions Precedent to Initial Extensions of Credit” in the New Term Loan Term Sheet, (ii) solely with respect to the New ABL Facility, under the heading “Conditions Precedent to Initial Extensions of Credit” in the New ABL Term Sheet, (iii) solely with respect to the Incremental ABL Facility, under the heading “Conditions Precedent to Initial Extensions of Credit” in the Incremental ABL Term Sheet, (iv) solely with respect to the Incremental Term Loan Facility, under the heading “Conditions Precedent to Initial Extensions of Credit” in the Incremental Term Loan Term Sheet and (v) solely with respect to the Backstop Facility, under the heading “Conditions Precedent to Initial Extensions of Credit” in the Backstop Term Sheet.  In addition, the commitments of the Committed Lenders hereunder are subject to the execution (as applicable) and delivery by the Borrower, the Guarantors and the officers and, in the case of legal opinions, legal advisors thereof, as the case may be, of definitive documentation, customary closing certificates (including evidences of authority, charter documents, and officers’ incumbency certificates), customary lien and judgments searches requested by Lead Arrangers at least 30 days prior to the Closing Date and customary legal opinions with respect to the Facilities (the “Facilities Documentation”), in each case consistent with this Commitment Letter and the Fee Letter; provided that, notwithstanding anything in this Commitment Letter, the Fee Letter, the Facilities Documentation or any other letter agreement or other undertaking concerning the financing of the Transactions to the contrary, (i) the only representations and warranties the making of which shall be a condition to the availability of the Facilities on the Closing Date shall be (A) the Specified Representations (as defined below) and (B) the representations and warranties relating to Amethyst and its subsidiaries made by Amethyst in the Merger Agreement and the representations and warranties relating to Holdings and its subsidiaries made by Holdings in the Merger Agreement, which in each case, are material to the interests of the Lenders, but only to the extent that either Company has the right to terminate its obligations (or otherwise decline to consummate the Merger without liability) under the Merger Agreement as a result of a breach of such representations and warranties in such agreement (the “Merger Agreement Representations”), (ii) the terms of the Facilities Documentation shall be in a form such that (x) (1) solely with respect to the Term Loan Facilities, they do not impair availability of the applicable Term Loan Facility on the Closing Date if the conditions set forth in this paragraph, in the Summary of Additional Conditions and under the heading “Conditions Precedent to Initial Extensions of Credit” in the New Term Loan Term Sheet, the Incremental Term Loan Term Sheet or the Backstop Term Sheet, as applicable, are satisfied and (2) solely with respect to the ABL Facilities, they do not impair availability of the ABL Facilities on the Closing Date if the conditions set forth in this paragraph, in the Summary of Additional Conditions and under the heading “Conditions Precedent to Initial Extensions of Credit” in the New ABL Term Sheet or the Incremental ABL Term Sheet, as applicable, are satisfied and (y) they do not conflict with, violate or result in a breach or default under that certain Indenture, dated as of June 18, 2014, among Emerald, the subsidiary guarantors from time to time parties thereto and Wilmington Trust, National Association as trustee (as amended by the

 

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First Supplemental Indenture, dated as of June 18, 2014, the Second Supplemental Indenture, dated as of September 10, 2014, the Third Supplemental Indenture, dated as of May 4, 2015, the Fourth Supplemental Indenture, dated as of November 23, 2015, and the Fifth Supplemental Indenture, dated as of January 25, 2016, the “Existing Indenture”), the Existing Term Loan Credit Agreement, the Existing ABL Credit Agreement or the Amethyst 2022 Indenture and (iii) to the extent any Collateral (as defined in the Existing Term Loan Credit Agreement) or any security interest therein (other than (x) the pledge and perfection of security interests in the pledged certificated stock of U.S.-organized entities (including the delivery of such share certificates) to the extent included in the Collateral for the Facilities and (y) other assets pursuant to which a lien may be perfected by the filing of a financing statement under the Uniform Commercial Code) is not provided on the Closing Date after your use of commercially reasonable efforts to do so, the delivery of such Collateral (and perfection of security interests therein) shall not constitute a condition precedent to the availability of the Facilities on the Closing Date but shall be required to be delivered and perfected after the Closing Date (and in any event, in the case of the pledge and perfection of Collateral not otherwise required on the Closing Date, within 90 days after the Closing Date plus any extensions granted by (a) in the case of Term Loan Priority Collateral, the New Term Loan Administrative Agent, Incremental Term Loan Administrative Agent or Backstop Administrative Agent, as applicable, and (b) in the case of ABL Priority Collateral, the New ABL Administrative Agent or Incremental ABL Administrative Agent, as applicable, each in its sole discretion) pursuant to arrangements to be mutually agreed).  For purposes hereof, “Specified Representations” means (i) the representations and warranties made by the Borrower in the Facilities Documentation relating to corporate or other organizational existence, power and authority related to entry into and performance of the Facilities Documentation, the execution, delivery and enforceability of the Facilities Documentation, the incurrence of the loans and the provision of guarantees contemplated herein not violating the constitutional documents of the Borrower and the Guarantors, no conflicts with the Existing Indenture, and, solely to the extent such agreements remain outstanding immediately after giving effect to the Transactions, the Existing ABL Credit Agreement, the Existing Term Loan Credit Agreement and the Amethyst 2022 Indenture, solvency of the Borrower and its subsidiaries on a consolidated basis on the Closing Date after giving effect to the Transactions (solvency to be defined in a manner consistent with Annex II to Exhibit G), creation, validity and perfection of security interests in the collateral to be perfected on the Closing Date (subject to the foregoing provisions of this paragraph relating to Collateral), U.S. Federal Reserve margin regulations, the PATRIOT Act, the U.S. Investment Company Act and the use of loan proceeds not violating OFAC or the FCPA, (ii) solely with respect to the Incremental Term Loan Facility, the representations and warranties under clause (i) above and, without duplication, any other representations and warranties required to be made upon the initial funding of the Incremental Term Loan Facility under the terms of the Existing Term Loan Credit Agreement and (iii) solely with respect to the Incremental ABL Facility, the representations and warranties under clause (i) above and, without duplication, any other representations and warranties required to be made upon the initial funding of the Incremental ABL Facility under the terms of the Existing ABL Credit Agreement.  There shall be no conditions (implied or otherwise) to the commitments hereunder or to the 

 

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effectiveness of, and the initial funding under, the Facilities on the Closing Date, including compliance with the terms of this Commitment Letter, the Fee Letter or the Facilities Documentation, other than those expressly stated in the second sentence of this paragraph, in the Summary of Additional Conditions and (u) solely with respect to the New Term Loan Facility, under the heading “Conditions Precedent to Initial Extensions of Credit” in the New Term Loan Term Sheet, (v) solely with respect to the New ABL Facility, under the heading “Conditions Precedent to Initial Extensions of Credit” in the New ABL Term Sheet, (w) solely with respect to the Incremental ABL Facility, under the heading “Conditions Precedent to Initial Extensions of Credit” in the Incremental ABL Term Sheet, (x) solely with respect to the Incremental Term Loan Facility, under the heading “Conditions Precedent to Initial Extensions of Credit” in the Incremental Term Loan Term Sheet and (y) solely with respect to the Backstop Facility, under the heading “Conditions Precedent to Initial Extensions of Credit” in the Backstop Term Sheet.  Without limiting the conditions precedent provided herein to funding the consummation of the Merger with the proceeds of the Facilities, the Lead Arrangers will cooperate with you as reasonably requested in coordinating the timing and procedures for the funding of the Facilities in a manner consistent with the Merger Agreement.  This paragraph is referred to as the “Funding Conditions Provision.”

 

You agree, jointly and severally (a) to indemnify and hold harmless the applicable New Term Loan Administrative Agent, Incremental Term Loan Administrative Agent, Backstop Administrative Agent, New ABL Administrative Agent and Incremental ABL Administrative Agent (together with the New Term Loan Administrative Agent, Incremental Term Loan Administrative Agent, Backstop Administrative Agent and New ABL Administrative Agent, the “Bank Administrative Agents”), as applicable, the Lead Arrangers, any co-collateral agent, each of the Commitment Parties and their respective affiliates and controlling persons and the respective officers, directors, employees, agents, members and successors of each of the foregoing, but excluding any of the foregoing in its capacity, if applicable, as financial advisor to Amethyst or Emerald or any of their direct or indirect equity holders or affiliates in connection with the Merger (each, a “Merger Advisor”); provided that such exclusion under this Commitment Letter with respect to such persons in such capacities shall not affect either Companies’ indemnification obligations under any other agreement entered into with any such persons (each, other than such excluded parties, an “Indemnified Person”) from and against any and all losses, claims, damages, liabilities and expenses, joint or several, of any kind or nature whatsoever to which such Indemnified Person may become subject arising out of or in connection with this Commitment Letter, the Fee Letter, the Transactions, the Facilities, the Best Efforts Term Loan, the Existing Term Loan Credit Agreement Amendment, the Existing ABL Credit Agreement Amendment or any related transaction or any claim, litigation, investigation or proceeding, actual or threatened, relating to any of the foregoing (any of the foregoing, a “Proceeding”), regardless of whether such Indemnified Person is a party thereto and whether or not such Proceedings are brought by you, your equity holders, affiliates, creditors or any other person, and to reimburse such Indemnified Person upon demand for any reasonable and documented out-of-pocket legal expenses of one firm of counsel for all Indemnified Persons and, if necessary, one firm of local counsel in each appropriate

 

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jurisdiction, in each case for all Indemnified Persons (and, in the case of an actual or perceived conflict of interest where the Indemnified Person affected by such conflict informs you of such conflict and thereafter, after receipt of your consent (which shall not be unreasonably withheld), retains its own counsel, of another firm of counsel for such affected Indemnified Person) and other reasonable and documented out-of-pocket expenses incurred in connection with investigating or defending any of the foregoing; provided that the foregoing indemnity will not, as to any Indemnified Person, apply to losses, claims, damages, liabilities or expenses (i) to the extent they have resulted from the willful misconduct, bad faith or gross negligence of such Indemnified Person or any Related Person of such Indemnified Person (as determined by a court of competent jurisdiction in a final and non-appealable decision), (ii) to the extent arising from a material breach of the obligations of such Indemnified Person or any Related Person of such Indemnified Person under this Commitment Letter or the Facilities Documentation, the Best Efforts Term Loan Facility, the Existing Term Loan Credit Agreement Amendment or the Existing ABL Credit Agreement Amendment (as determined by a court of competent jurisdiction in a final non-appealable decision) or (iii) arising out of, or in connection with, any Proceeding that does not involve an act or omission by either of the Companies or any of your respective affiliates and that is brought by an Indemnified Person against any other Indemnified Person other than any Proceeding against the relevant Indemnified Person in its capacity or in fulfilling its role as an agent, arranger or similar role under any of the Facilities, and (b) to reimburse the Committed Lenders from time to time, upon presentation of a summary statement, for all reasonable and documented out-of-pocket expenses (including, but not limited to, expenses of the Committed Lenders’ due diligence investigation (and with respect to third party diligence expenses, to the extent any such expenses have been previously approved by you, such approval not to be unreasonably withheld); syndication expenses, travel expenses and reasonable fees, disbursements and other charges of a single counsel to the Commitment Parties identified in the Term Sheets and of a single local counsel to the Commitment Parties in each relevant jurisdiction, except allocated costs of in-house counsel), in each case incurred by the Commitment Parties in connection with the Facilities, the Best Efforts Term Loan Facility, the Existing Term Loan Credit Agreement Amendment, the Existing ABL Credit Agreement Amendment and the preparation of this Commitment Letter, the Fee Letter and the Facilities Documentation (collectively, the “Expenses”); provided that you shall not be required to reimburse any of the Expenses in the event the Closing Date does not occur.  Notwithstanding any other provision of this Commitment Letter, (i) no Indemnified Person shall be liable for any damages arising from the use by others of information or other materials obtained through electronic, telecommunications or other information transmission systems (including IntraLinks or SyndTrak Online), except to the extent such damages have resulted from the willful misconduct, bad faith, or gross negligence of such Indemnified Person or any Related Person of such Indemnified Person (as determined by a court of competent jurisdiction in a final and non-appealable decision) and (ii) none of you or any Indemnified Person shall be liable for any indirect, special, punitive or consequential damages in connection with your or their activities related to the Facilities, the Best Efforts Term Loan Facility, the Existing Term Loan Credit Agreement Amendment, the Existing ABL Credit Agreement Amendment or this Commitment Letter; provided that nothing contained in this clause (ii) shall limit your 

 

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indemnity or reimbursement obligations to the extent such indirect, special, punitive or consequential damages are included in any third party claim in connection with which such Indemnified Person is entitled to indemnification hereunder.  For purposes hereof, a “Related Person” of an Indemnified Person means, any of such Indemnified Person’s affiliates and controlling persons, or any of its or their respective officers, directors, employees, agents, members and successors (but excluding the Merger Advisors in their capacities as such).

 

Your indemnity and reimbursement obligations hereunder will be in addition to any liability which you may otherwise have and will be binding upon and inure to the benefit of any of your successors and assigns and the Indemnified Persons.

 

You acknowledge that the Commitment Parties and their affiliates may be providing debt financing, equity capital or other services (including financial advisory services) to other persons in respect of which you may have conflicting interests regarding the transactions described herein and otherwise.  Neither the Commitment Parties nor any of their affiliates will use confidential information obtained from or on behalf of you by virtue of the transactions contemplated by this Commitment Letter or their other relationships with you in connection with the performance by them of services for other persons, and neither the Commitment Parties nor any of their affiliates will furnish any such information to other persons, in each case, unless such use and disclosure is in compliance with the confidentiality provisions contained herein.  You also acknowledge that neither the Commitment Parties nor any of their affiliates have any obligation to use in connection with the transactions contemplated by this Commitment Letter, or to furnish to you, confidential information obtained by them from other persons.

 

As you know, each Commitment Party, together with its affiliates, is a full service securities firm engaged, either directly or through its affiliates, in various activities, including securities trading, commodities trading, investment management, research, financing and brokerage activities and financial planning and benefits counseling for both companies and individuals.  In the ordinary course of these activities, the Commitment Parties and their respective affiliates may actively engage in commodities trading or trade the debt and equity securities (or related derivative securities) and financial instruments (including bank loans and other obligations) of you and other companies that may be the subject of the arrangements contemplated by this Commitment Letter for their own account and for the accounts of their customers and may at any time hold long and short positions in such securities.  Each Commitment Party and its affiliates may also co-invest with, make direct investments in, and invest or co-invest client monies in or with funds or other investment vehicles managed by other parties, and such funds or other investment vehicles may trade or make investments in securities of you or other companies that may be the subject of the arrangements contemplated by this Commitment Letter or engage in commodities trading with any thereof.

 

As you know, Barclays has been retained by Emerald (or one of its affiliates) as financial advisor (in such capacity, each an “Emerald Financial Advisor”) in connection with the Acquisition. Emerald agrees to such retention of the Emerald Financial Advisor, 

 

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and further agrees to waive any claims by or on behalf of Emerald or its board of directors for conflicts of interest arising out of or in connection with, on the one hand, Barclays’ or its affiliates’ engagement as the Emerald Financial Advisor and, on the other hand, our and our affiliates’ relationships with you as described and referred to herein. The Commitment Parties and their respective affiliates may have economic interests that conflict with each of your economic interests.  You agree that the Commitment Parties will act under this Commitment Letter as independent contractors and that nothing in this Commitment Letter or the Fee Letter or otherwise will be deemed to create an advisory, fiduciary or agency relationship or fiduciary or other implied duty between the Commitment Parties or any of their respective affiliates and you, your respective stockholders or your respective affiliates with respect to the transactions contemplated by this Commitment Letter and the Fee Letter.  You acknowledge and agree that (i) the transactions contemplated by this Commitment Letter and the Fee Letter are arm’s-length commercial transactions between the Commitment Parties and their respective affiliates, on the one hand, and you, on the other, (ii) in connection therewith and with the process leading to such transactions, each Commitment Party and its applicable affiliates (as the case may be) is acting solely as a principal and not as an agent or a fiduciary of you or your respective management, stockholders, creditors or any other person, (iii) the Commitment Parties and their applicable affiliates (as the case may be) have not assumed an advisory or fiduciary responsibility or any other obligation in favor of you with respect to the transactions contemplated hereby or the process leading thereto (irrespective of whether the Commitment Parties or any of their respective affiliates have advised or are currently advising you on other matters), except the obligations expressly set forth in this Commitment Letter and the Fee Letter and (iv) you have consulted your own legal and financial advisors to the extent you deemed appropriate.  You further acknowledge and agree that you are responsible for making your own independent judgment with respect to such transactions and the process leading thereto.  Please note that the Commitment Parties and their affiliates do not provide tax, accounting or legal advice.  You hereby waive and release any claims that you may have against the Commitment Parties (in their capacity as such) and their applicable affiliates (as the case may be) with respect to any breach or alleged breach of agency or fiduciary duty in connection with any aspect of any transactions contemplated by this Commitment Letter.  It is understood that this paragraph shall not apply to or modify or otherwise affect any arrangement with any Merger Advisor, or any financial advisor separately retained by either Company or any of their respective affiliates in connection with the Merger, in its capacity as such.

 

This Commitment Letter and the commitments hereunder shall not be assignable by you without the prior written consent of the Commitment Parties, not to be unreasonably withheld (and any attempted assignment without such consent shall be null and void), are intended to be solely for the benefit of the parties hereto (and the Indemnified Persons), are not intended to confer any benefits upon, or create any rights in favor of, any person other than the parties hereto (and the Indemnified Persons) and are not intended to create a fiduciary relationship among the parties hereto. Any provision of this Commitment Letter that provides for, requires or otherwise contemplates any delivery, consent, approval, agreement, or determination by or consultation with you or any subsidiary of you, including without limitation, with respect to your enforcement 

 

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rights under this Commitment Letter and the determination of whether the conditions precedent listed in Exhibit G have been satisfied (or either Company or any Borrower referred to in any Term Sheet) on or prior to the Closing Date, shall also be construed as providing for, requiring or otherwise contemplating delivery, consent, approval, agreement, or determination by or consultation with both Companies (unless both Companies, together, otherwise provide prior notice to the Commitment Parties in writing that the other Company may take such action on behalf of both Companies).  Any and all obligations of, and services to be provided by, the Commitment Parties hereunder (including, without limitation, their commitments) may be performed and any and all rights of the Commitment Parties hereunder may be exercised by or through any of their affiliates or branches; provided that with respect to the commitments, any assignments thereof to an affiliate will not relieve a Committed Lender from any of its obligations hereunder, unless and until such affiliate shall have funded the portion of the commitment so assigned.  This Commitment Letter may not be amended or any provision hereof waived or modified except by an instrument in writing signed by each of the Committed Lenders and you.  This Commitment Letter may be executed in any number of counterparts, each of which shall be an original and all of which, when taken together, shall constitute one agreement.  Delivery of an executed counterpart of a signature page of this Commitment Letter by facsimile transmission or other electronic transmission (e.g., a “pdf” or “tif”) shall be effective as delivery of a manually executed counterpart hereof.  This Commitment Letter and the Fee Letter (i) are the only agreements that have been entered into among the parties hereto with respect to the Facilities, the Best Efforts Term Loan Facility, the Existing Term Loan Credit Agreement Amendment and the Existing ABL Credit Agreement Amendment and (ii) supersede all prior understandings, whether written or oral, among us with respect to the Facilities, the Best Efforts Term Loan Facility, the Existing Term Loan Credit Agreement Amendment and the Existing ABL Credit Agreement Amendment and set forth the entire understanding of the parties hereto with respect thereto.

 

Each of the parties hereto agrees that (i) this Commitment Letter is a binding and enforceable agreement (subject to the effects of bankruptcy, insolvency, fraudulent conveyance, reorganization and other similar laws relating to or affecting creditors’ rights generally and general principles of equity (whether considered in a proceeding in equity or law)) with respect to the subject matter contained herein, including an agreement to negotiate in good faith the Facilities Documentation by the parties hereto in a manner consistent with this Commitment Letter, it being acknowledged and agreed that the funding of the Facilities is subject to conditions precedent provided herein, subject to the Funding Conditions Provision and (ii) the Fee Letter is a binding and enforceable agreement (subject to the effects of bankruptcy, insolvency, fraudulent conveyance, reorganization and other similar laws relating to or affecting creditors’ rights generally and general principles of equity (whether considered in a proceeding in equity or law)) of the parties thereto with respect to the subject matter set forth therein.

 

THIS COMMITMENT LETTER AND THE RIGHTS AND DUTIES OF THE PARTIES HEREUNDER SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAWS OF THE STATE 

 

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OF NEW YORK WITHOUT GIVING EFFECT TO ITS PRINCIPLES OR RULES OF CONFLICT OF LAWS, TO THE EXTENT SUCH PRINCIPLES OR RULES ARE NOT MANDATORILY APPLICABLE BY STATUTE AND WOULD REQUIRE OR PERMIT THE APPLICATION OF THE LAWS OF ANOTHER JURISDICTION; PROVIDED THAT, NOTWITHSTANDING THE FOREGOING TO THE CONTRARY, IT IS UNDERSTOOD AND AGREED THAT ANY DETERMINATIONS AS TO (I) WHETHER ANY REPRESENTATIONS AND WARRANTIES MADE BY OR ON BEHALF OF, OR WITH RESPECT TO, THE COMPANIES OR ANY OF THEIR RESPECTIVE AFFILIATES IN THE MERGER AGREEMENT HAVE BEEN BREACHED, (II) WHETHER YOU (AND ANY OF YOUR AFFILIATES THAT IS A PARTY TO THE MERGER AGREEMENT) CAN TERMINATE YOUR (AND THEIR) OBLIGATIONS UNDER THE MERGER AGREEMENT (OR OTHERWISE DECLINE TO CONSUMMATE THE MERGER WITHOUT LIABILITY), (III) WHETHER AN AMETHYST MATERIAL ADVERSE EFFECT OR A HOLDINGS MATERIAL ADVERSE EFFECT (IN EACH CASE, AS DEFINED IN THE MERGER AGREEMENT) HAS OCCURRED AND (IV) WHETHER THE MERGER HAS BEEN CONSUMMATED IN ACCORDANCE WITH THE TERMS OF THE MERGER AGREEMENT, SHALL, IN EACH CASE BE GOVERNED BY, EXCEPT TO THE EXTENT THE MERGER MAY BE REQUIRED TO BE GOVERNED BY THE LAWS OF THE STATE OF TENNESSEE, THE LAWS OF THE STATE OF DELAWARE.

 

EACH OF THE PARTIES HERETO IRREVOCABLY WAIVES THE RIGHT TO TRIAL BY JURY IN ANY ACTION, PROCEEDING, CLAIM OR COUNTERCLAIM BROUGHT BY OR ON BEHALF OF ANY PARTY RELATED TO OR ARISING OUT OF THIS COMMITMENT LETTER OR THE PERFORMANCE OF SERVICES HEREUNDER.

 

Each of the parties hereto hereby irrevocably and unconditionally (a) submits, for itself and its property, to the exclusive jurisdiction of any New York State court or Federal court of the United States of America sitting in New York County, and any appellate court from any thereof, in any action or proceeding arising out of or relating to this Commitment Letter and the Fee Letter, or the transactions contemplated hereby, and agrees that all claims in respect of any such action or proceeding may be heard and determined in such New York State court or, to the extent permitted by law, in such Federal court, (b) waives, to the fullest extent it may legally and effectively do so, any objection that it may now or hereafter have to the laying of venue of any suit, action or proceeding arising out of or relating to this Commitment Letter, the Fee Letter, or the transactions contemplated hereby, in any such New York State court or in any such Federal court, (c) waives, to the fullest extent permitted by law, the defense of an inconvenient forum to the maintenance of such action or proceeding in any such court and (d) agrees that a final judgment in any such suit, action or proceeding shall be conclusive and may be enforced in other jurisdictions by suit on the judgment or in any other manner provided by law.  Each of the parties hereto agrees to commence any such action, suit, proceeding or claim either in the United States District Court for the 

 

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Southern District of New York or in the Supreme Court of the State of New York, New York County, located in the Borough of Manhattan.

 

This Commitment Letter is delivered to you on the understanding that none of the Fee Letter and its terms or substance, or this Commitment Letter and its terms or substance, shall be disclosed, directly or indirectly, to any other person or entity (including other lenders, underwriters, placement agents, advisors or any similar persons) except (a) to your respective officers, directors, employees, attorneys, accountants and advisors on a confidential and need-to-know basis, (b) if the Commitment Parties consent to such proposed disclosure (such consent not to be unreasonably withheld), (c) pursuant to the order of any court or administrative agency in any pending legal or administrative proceeding, or otherwise as required by applicable law or compulsory legal process or, to the extent requested or required by governmental and/or regulatory authorities, in each case based on the reasonable advice of your legal counsel (in which case, you agree, to the extent practicable and not prohibited by law, to notify us of the proposed disclosure in advance of such disclosure and if you are unable to notify us in advance of such disclosure, such notice shall be delivered to us promptly thereafter to the extent permitted by law) or (d) to the extent necessary in connection with the exercise of any remedy or enforcement of any rights hereunder or to defend any claim hereunder; provided that (i) you may disclose this Commitment Letter and the contents hereof in any proxy or other public filing relating to the Merger and in the Confidential Information Memorandum, (ii) you may disclose this Commitment Letter, and the contents hereof, to potential Lenders (including any prospective Additional Committing Lender), and their respective officers, directors, employees, attorneys, accountants, advisors and other representatives on a confidential and need-to-know basis and to rating agencies in connection with obtaining or confirming ratings for the Borrower and the Facilities, (iii) you may disclose the fees contained in the Fee Letter as part of a generic disclosure of aggregate sources and uses related to fee amounts to the extent customary or required in marketing materials, any proxy or other public filing and in the Confidential Information Memorandum, (iv) you may disclose the Fee Letter and the contents thereof to any prospective Additional Committing Lender and their respective officers, directors, employees, attorneys, accountants, advisors and other representatives on a confidential and need-to-know basis, (v) you may disclose the Term Sheets and the contents thereof to the lenders and agents under the Existing Term Loan Credit Agreement and the Existing ABL Credit Agreement, potential lenders in a Permitted Financing and the investors and trustee under the Amethyst 2022 Indenture and (vi) you may disclose the Term Sheets and the contents thereof in connection with the 2022 Consent.  The obligations under this paragraph with respect to this Commitment Letter shall terminate automatically after the Facilities Documentation for the Term Loan Facilities shall have been executed and delivered by the parties thereto.  To the extent not earlier terminated, the provisions of this paragraph with respect to the Commitment Letter shall automatically terminate on the second anniversary hereof.

 

You agree that you will permit us to review and approve (such approval not to be unreasonably withheld) any reference to us or any of our affiliates in connection with the

 

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Facilities or the transactions contemplated hereby contained in any press release or similar written public disclosure prior to public release.

 

The Commitment Parties and their affiliates will use all confidential information provided to them or such affiliates by or on behalf of you hereunder or in connection herewith solely for the purpose of providing the services that are the subject of this Commitment Letter and shall treat confidentially all such information; provided that nothing herein shall prevent any Commitment Party from disclosing any such information (a) pursuant to the order of any court or administrative agency or in any pending legal or administrative proceeding, or otherwise as required by applicable law or compulsory legal process (in which case such Commitment Party, to the extent not prohibited by applicable law, agrees (except with respect to any routine or ordinary course audit or examination conducted by bank examiners or any governmental bank regulatory authority exercising examination or regulatory authority) to inform you promptly thereof), (b) upon the request or demand of any regulatory authority having jurisdiction over such Commitment Party or any of its affiliates (in which case such Commitment Party, to the extent practicable and not prohibited by law, agrees (except with respect to any routine or ordinary course audit or examination conducted by bank examiners or any governmental bank regulatory authority exercising examination or regulatory authority) to inform you promptly thereof and if such Commitment Party is unable to notify you in advance of such disclosure, such notice shall be delivered to you promptly thereafter to the extent permitted by law), (c) to the extent that such information becomes publicly available other than by reason of disclosure by such Commitment Party or any of its Related Persons in breach of any confidentiality obligations owing to either Company or their respective subsidiaries (including those set forth in this paragraph), (d) to the extent that such information is received by such Commitment Party or any of its affiliates from a third party that is not, to such Commitment Party’s knowledge, in breach of any confidentiality obligations owing to you or any of your respective subsidiaries with respect to such information, (e) to the extent that such information was already in such Commitment Party’s or its affiliates’ possession or is independently developed by such Commitment Party or its affiliates, (f) to such Commitment Party’s affiliates and such Commitment Party’s and such affiliates’ respective trustees, officers, directors, employees, attorneys, accountants, service providers, advisors and other representatives who need to know such information in connection with the Transactions and are informed of the confidential nature of such information and who agree to be bound by the terms of this paragraph (or language substantially similar to this paragraph), (g) to potential or prospective Lenders, participants or assignees and any direct or indirect contractual counterparties to any swap or derivative transaction relating to the Borrower and its obligations under any Facility (in each case, other than a Disqualified Institution), including pursuant to customary protocol for syndications by such Commitment Party, in each case who agree to be bound by the terms of this paragraph (or language substantially similar to this paragraph), including pursuant to customary protocol for syndications by such Commitment Party, (h) subject to your prior approval of the information to be disclosed (such approval not to be unreasonably withheld, conditioned or delayed), to rating agencies in connection with obtaining or confirming ratings for the Borrower and the Term Loan Facilities, (i)  to the extent necessary in connection with the exercise of

 

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any remedy or enforcement of any rights hereunder or under the Fee Letter or to defend any claim hereunder, (j) to any other party hereto or (k) to the extent you consent to such proposed disclosure.  The Commitment Parties’ obligations under this paragraph shall automatically terminate and be superseded by the confidentiality provisions in the definitive documentation relating to the applicable Facilities upon the initial funding thereunder, if and to the extent the Commitment Parties are party thereto, and shall in any event terminate upon the second anniversary of the date hereof.

 

The syndication, reimbursement and compensation provisions (if applicable in accordance with the terms hereof and the Fee Letter), indemnification, waiver of indirect, special, punitive or consequential damages, confidentiality (except to the extent set forth herein), jurisdiction, governing law, venue, absence of fiduciary relationship and waiver of jury trial provisions contained herein and in the Fee Letter shall remain in full force and effect regardless of whether Facilities Documentation shall be executed and delivered and notwithstanding the termination of this Commitment Letter or the Committed Lenders’ commitments hereunder; provided that your obligations under this Commitment Letter, other than those relating to the confidentiality of the Fee Letter, syndication of the Facilities and provision of information, shall automatically terminate and be superseded by the Facilities Documentation upon the initial funding thereunder and the payment of all amounts owing at such time hereunder and under the Fee Letter, and you shall be automatically released from all liability in connection therewith at such time.

 

We hereby notify you that, pursuant to the requirements of the U.S.A. PATRIOT Improvement and Reauthorization Act, Title III of Pub. L.107-56 (signed into law October 26, 2001, as amended from time to time, the “PATRIOT Act”), each of the Committed Lenders and each other Lender is required to obtain, verify and record information that identifies the Borrower and each Guarantor, which information includes the name, address, tax identification number and other information regarding the Borrower and each Guarantor that will allow any of the Committed Lenders or such Lender to identify the Borrower and such Guarantor in accordance with the PATRIOT Act.  This notice is given in accordance with the requirements of the PATRIOT Act and is effective as to the Committed Lenders and each Lender.

 

If the foregoing correctly sets forth our agreement, please indicate your acceptance of the terms of this Commitment Letter and of the Fee Letter by returning to JPMCB, on behalf of the Committed Lenders, executed counterparts hereof and of the Fee Letter not later than 11:59 p.m., New York City time, on June 16, 2016.  The Committed Lenders’ commitments hereunder and the Commitment Parties’ agreements contained herein will expire at such time in the event that JPMCB has not received such executed counterparts in accordance with the immediately preceding sentence.  This Commitment Letter and the commitments and undertakings of each of the Commitment Parties hereunder shall automatically terminate upon the first to occur of (i) the termination of the Merger Agreement, (ii) the twelve (12) month anniversary of the date of this Commitment Letter (the “Expiration Date”) and (iii) the consummation of the Transactions with or without the funding of the Facilities.  You shall have the right to terminate this Commitment Letter and the commitments of the Committed Lenders

 

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hereunder with respect to the Facilities (or to permanently terminate a portion thereof pro rata among the Committed Lenders under any given Facility) at any time upon written notice to the Committed Lenders from you, subject to your surviving obligations as set forth in the third to last paragraph of this Commitment Letter and in the Fee Letter.

 

[Remainder of this page intentionally left blank]

 

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The Commitment Parties are pleased to have been given the opportunity to assist you in connection with the financing for the Merger.

 

 

	
 
    	
Very truly   yours,
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
[signature pages follow]
    

 

 

	
 
    	
JPMORGAN CHASE BANK, N.A.
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/ John A. Horst
    
	
 
    	
 
    	
Name: John A. Horst
    
	
 
    	
 
    	
Title: Executive Director
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
BARCLAYS BANK PLC
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/ John Skrobe
    
	
 
    	
 
    	
Name: John Skrobe
    
	
 
    	
 
    	
Title: Managing Director
    

 

[Signature Page to Project Meat Commitment Letter]

 

 

	
Accepted and agreed   to as of the date first above written:
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
ENVISION   HEALTHCARE CORPORATION
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
By:
    	
/s/ Randel G. Owen
    	
 
    	
 
    
	
 
    	
Name: Randel G. Owen
    	
 
    	
 
    
	
 
    	
Title: Chief Financial Officer
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
AMSURG CORP.
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
By:
    	
/s/ Claire M. Gulmi
    	
 
    	
 
    
	
 
    	
Name: Claire M. Gulmi
    	
 
    	
 
    
	
 
    	
Title: Executive   Vice President, Chief Financial Officer and Secretary
    	
 
    	
 
    

 

[Signature Page to Project Meat Commitment Letter]

 

 

EXHIBIT A

 

Project Meat
 Transaction Description

 

Capitalized terms used but not defined in this Exhibit A shall have the meanings set forth in the Commitment Letter to which this Exhibit A is attached (the “Commitment Letter”) or in the other Exhibits to the Commitment Letter.

 

Envision Healthcare Corporation, a Delaware corporation (“Emerald”), and AmSurg Corp., a Tennessee corporation (“Amethyst” and, together with Emerald, “you” or the “Companies” and each a (“Company”), intend to merge (the “Merger”), directly or indirectly, with each other.

 

In connection with the foregoing, it is intended that:

 

(a)                                 Pursuant to the Agreement and Plan of Merger (together with the disclosure schedules delivered in connection therewith, collectively, the “Merger Agreement”) among Envision Healthcare Holding, Inc. (“Holdings”), Amethyst and New Amethyst Corp., a Delaware corporation (“New Amethyst”), Amethyst will, directly or indirectly, merge with New Amethyst, with New Amethyst surviving the merger (the “Merger 1”). Immediately following Merger 1, Holdings shall merge with and into New Amethyst, with New Amethyst surviving such merger (“Merger 2” and together with Merger 1, the “Merger”). Pursuant to Merger 1, the equityholders of Amethyst shall have the right to receive equity interests in New Amethyst (the “Merger 1 Consideration”) in accordance with the terms of the Merger Agreement. Pursuant to Merger 2, the equityholders of Holdings shall have the right to receive equity interests in New Amethyst (the “Merger 2 Consideration” and, together with the Merger 1 Consideration, the “Merger Consideration”) in accordance with the terms of the Merger Agreement.

 

(b)                                 The Borrower will (a) either obtain (i) if you have not made an Incremental Term Loan Facility Election or a Backstop Election, up to the sum of $5.3 billion plus any Term Loan Flex Increase under the senior secured first-lien term loan facility described in Exhibit B to the Commitment Letter or (ii) (A) if you have made an Incremental Term Loan Facility Election, up to the sum of the Incremental Commitment Amount (as defined below) plus any Term Loan Flex Increase under the senior secured first-lien loan facility described in Exhibit E to the Commitment Letter or (B) if you have made a Backstop Election up to the sum of the Incremental Commitment Amount plus any Term Loan Flex Increase under the senior secured first-lien term loan facility described in Exhibit F to the Commitment Letter and (b) obtain either (i) if you have not made an Incremental ABL Facility Election, a $1.0 billion senior secured asset-based revolving credit facility described in Exhibit C or (ii) if you have made an Incremental ABL Facility Election, a $450 million incremental senior secured asset-based revolving credit facility described in Exhibit D to the Commitment Letter, in each case, on the closing date of the Merger necessary to consummate the Merger and the Refinancing, and to pay fees, premiums and expenses incurred in connection with the Transactions (such fees, premiums and expenses, the “Transaction Costs,” and together with the Merger Consideration (as defined above) and the Refinancing, the “Merger Costs”).

 

(c)                                  (i) Unless you have made an Incremental Term Loan Facility Election or a Backstop Election, the debt outstanding under the Existing Term Loan Credit Agreement will be 

 

A-1

 

repaid and (ii) unless you have made an Incremental ABL Facility Election, the debt outstanding under the Existing ABL Credit Agreement will be repaid (collectively, the “Emerald Refinancing”).

 

(d)                                 (i) Unless the 2022 Consent has become effective, in respect of the Notes outstanding under that certain Indenture, dated as of July 16, 2014, among Amethyst, the guarantors party thereto and U.S. Bank National Association, as trustee (as amended by the First Supplemental Indenture, dated July 16, 2014, among Amethyst and U.S. Bank National Association, as trustee, the “Amethyst 2022 Indenture” and the notes issued thereunder, the “2022 Notes”), you will, to the extent required by the Amethyst 2022 Indenture (in the case of a “Change of Control Offer”), offer to repurchase the 2022 Notes pursuant to a tender offer and/or a “Change of Control Offer,” as contemplated by the Amethyst 2022 Indenture (which is consummated concurrently with the Closing Date), or such debt will otherwise be repaid, redeemed, defeased or discharged (or irrevocable notice for the repayment or redemption thereof will be given), (ii) all debt outstanding under that certain Indenture, dated as of November 20, 2012, among Amethyst, the guarantors party thereto and U.S. Bank National Association, as trustee, will be repurchased, repaid, redeemed, defeased or otherwise discharged and (iii) all debt outstanding under that certain credit agreement, dated as of July 16, 2014, among Amethyst, the lenders party thereto and Citibank, N.A., as administrative agent, will be repaid and all commitments thereunder will be terminated (collectively, the “Amethyst Refinancing” and, together with the Emerald Refinancing, the “Refinancing”).

 

To the extent you determine that it is in the best interest of the Companies to effectuate the financing of the Transactions by:

 

(i) amending the terms of the Existing Term Loan Credit Agreement to allow for the continuation of the Term Loans (under and as defined in the Existing Term Loan Credit Agreement (as defined in Exhibit B to the Commitment Letter), “Existing Term Loans”) thereunder after giving effect to the Transactions on the Closing Date (the “Existing Term Loan Credit Agreement Amendment”), you may elect at any time in writing by notice to the Term Loan Lead Arrangers (the “Existing Term Loan Credit Agreement Amendment Election”) for the Term Loan Lead Arrangers to use commercially reasonable efforts to seek the necessary consents in respect of the Existing Term Loan Credit Agreement Amendment. If the Existing Term Loan Credit Agreement Amendment becomes effective, to the extent you thereafter determine that it remains in the best interest of the Companies to effectuate the financing of the Transactions by incurring the Incremental Term Loans under the Existing Term Loan Credit Agreement, as amended by the Existing Term Loan Credit Agreement Amendment (the “Amended Term Loan Credit Agreement”), you may elect at any time permitted below in writing by notice to the Term Loan Lead Arrangers (the “Incremental Term Loan Facility Election”) to incur up to the sum of the Incremental Commitment Amount plus the Term Loan Flex Increase of term loans under the Incremental Term Facility;

 

(ii) amending the terms of the Existing ABL Credit Agreement (as defined in Exhibit C to the Commitment Letter) to allow for the continuation of the Commitments and Loans (in each case, under and as defined in the Existing ABL Facility, “Existing ABL Loans”) 

 

A-2

 

thereunder after giving effect to the Transactions on the Closing Date (the “Existing ABL Credit Agreement Amendment”), you may elect at any time in writing by notice to the ABL Lead Arrangers (the “Existing ABL Credit Agreement Amendment Election”) for the ABL Lead Arrangers to use commercially reasonable efforts to seek the necessary consents in respect of the Existing ABL Credit Agreement Amendment. If the Existing ABL Credit Agreement Amendment becomes effective, to the extent you thereafter determine that it remains in the best interest of the Companies to effectuate the financing of the Transactions by increasing the Incremental Revolving Commitments (as defined in the Existing ABL Credit Agreement) under the Existing ABL Facility, as amended by the Existing ABL Credit Agreement Amendment (the “Amended ABL Credit Agreement”), you may elect at any time permitted below in writing by notice to the ABL Lead Arrangers (the “Incremental ABL Facility Election”) to incur of up to the sum of $450 million of Incremental Revolving Commitments (as defined in the Existing ABL Credit Agreement) under the Incremental ABL Facility; and/or

 

(iii) obtaining a waiver under the Amethyst 2022 Indenture of any obligation of Amethyst to offer to purchase the 2022 Notes as a result of the Transactions (the “2022 Consent”), you may elect at any time permitted below in writing by notice to the managers of the consent solicitation, with a copy to the Lead Arrangers, for such managers (the “2022 Consent Election”) to use commercially reasonable efforts to seek the 2022 Consent.

 

Each of the Existing Term Loan Credit Agreement Amendment Election, Existing ABL Credit Agreement Amendment Election, the Incremental Term Loan Facility Election, the Incremental ABL Facility Election and the 2022 Consent Election may be made no later than the date that is 10 calendar days prior to the commencement of the primary syndication of the Senior Secured Facilities (provided, that the Lead Arrangers shall notify you at least 30 calendar days in advance of when they intend to commence primary syndication) and after such date such election may not be revoked without the consent of the Lead Arrangers; provided, that, in your sole discretion, you may elect in writing by notice to the Term Loan Lead Arrangers (the “Backstop Election”), on or prior to the date that is not less than 20 consecutive calendar days prior to the Closing Date (provided that (x) if such period has not ended prior to August 20, 2016, such period shall not be deemed to have commenced until September 6, 2016, (y) if such period has not ended prior to December 24, 2016, such period shall not be deemed to have commenced until January 3, 2017 and (z) the days from November 24, 2016 to November 27, 2016 shall not be considered calendar days for purposes of such period), to replace the Incremental Term Loan Facility with the Backstop Facility.

 

For the avoidance of doubt, (i) if you make an Incremental Term Loan Facility Election or a Backstop Election, each Committed Lender’s Term Loan Facility commitments shall be reduced by the amount of any indebtedness outstanding under the Existing Term Loan Credit Agreement at the time of such election (the amount of the remaining commitment, the “Incremental Commitment Amount”), (ii) if you make an Incremental ABL Facility Election, each Committed Lender’s ABL Facilities commitments shall be reduced by the amount of any commitments outstanding under the Existing ABL Credit Agreement at the time of such election, (iii) if the 2022 

 

A-3

 

Consent becomes effective, each Committed Lender’s Term Loan Facility commitments shall be reduced by the difference of (a) $1.142 billion less (b) the amount paid or to be paid by you to the holders of the 2022 Notes in connection with obtaining the 2022 Consent (the “2022 Consent Reduction Amount”) and (iv) if the 2022 Consent does not become effective, each Committed Lender’s Term Loan Facility commitments shall be reduced by the difference of (a) $1.142 billion less (b) the aggregate principal amount (plus any accrued interest, fees, penalties and premiums paid in connection with such repurchase, redemption, defeasance or other discharge) of 2022 Notes that are repurchased, repaid, redeemed, defeased or otherwise discharged on or prior to the Closing Date (the “2022 Rollover Reduction Amount;” and, the 2022 Consent Reduction Amount or the 2022 Rollover Reduction Amount, as applicable, the “2022 Reduction Amount”).

 

The transactions described above and the payment of related fees, premiums and expenses are collectively referred to herein as the “Transactions.”

 

A-4

 

EXHIBIT B

 

Project Meat
 $5.3 Billion New Term Loan Facility
  Summary of Principal Terms and Conditions

 

All capitalized terms used but not defined herein shall have the meanings given to them in the Commitment Letter to which this term sheet is attached, including the other Exhibits thereto or the Existing Term Loan Credit Agreement, as applicable.

 

	
Borrower:
    	
 
    	
Initially,   Emerald and, following the Merger, New Amethyst as the survivor of the Merger   (the “Borrower”).
    
	
 
    	
 
    	
 
    
	
Transactions:
    	
 
    	
As set forth in   Exhibit A to the Commitment Letter.
    
	
 
    	
 
    	
 
    
	
Agents:
    	
 
    	
JPMCB will act   as sole and exclusive administrative agent and collateral agent (in such   capacity, the “New Term Loan Administrative Agent”) in respect of the   New Term Loan Facility, a bank or banks to be agreed will act as syndication   agent(s) for the New Term Loan Facility and a bank or banks to be agreed will   act as documentation agent(s) for the New Term Loan Facility, in each case,   for a syndicate of financial institutions reasonably acceptable to the New   Term Loan Lead Arrangers and the Borrower (together with the Committed   Lenders, the “Lenders”), and will perform the duties customarily   associated with such roles.
    
	
 
    	
 
    	
 
    
	
Joint Bookrunner   and Lead Arranger:
    	
 
    	
JPMCB and   Barclays will each act as joint lead arranger for the New Term Loan Facility   (each, a “New Term Loan Lead Arranger” and collectively with any other   arrangers appointed pursuant to the fifth paragraph of the Commitment Letter,   the “New Term Loan Lead Arrangers”) and will perform the duties   customarily associated with such roles.
    
	
 
    	
 
    	
 
    
	
New Term Loan   Facility:
    	
 
    	
A senior secured   term loan facility in an aggregate principal amount of up to $5.3 billion   plus, at the Borrower’s option pursuant to the terms of the Fee Letter, any   Term Loan Flex Increase (the “New Term Loan Facility”; the loans   thereunder, the “New Term Loans”).
    

 

B-1

 

	
Incremental   Facilities:
    	
 
    	
As per the   Existing Term Loan Credit Agreement, except as set forth below.
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
The New Term   Loan Facility will permit the Borrower to add additional term loans under the   New Term Loan Facility or one or more incremental term loan facilities to be   included in the New Term Loan Facility (each, an “Incremental Term   Facility”) and/or add additional revolving credit facility commitments or   letter of credit facility commitments to be included in the New Term Loan   Facility (each, an “Incremental Revolving Facility”) in an aggregate   principal amount for all such increases and incremental facilities not to   exceed the sum of (a) an amount if, after giving effect to the   incurrence of such amount (but excluding the cash proceeds therefrom), the   Consolidated First-Lien Net Leverage Ratio is equal to or less than 4.00:1.00   (and assuming all such amounts were secured on a first lien secured basis,   whether or not so secured and calculated as if any Incremental Revolving   Facility being initially provided on any date of determination were fully   drawn on such date, but excluding amounts incurred in accordance with the   following clause (b)) (the amount available under this clause (a), the “Ratio   Incremental Facility”) and (b) $1.3 billion (the amount available   under this clause (b), the “Cash Capped Incremental Facility”). The   most favored nation provision shall be subject to a 12-month sunset. 
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
In the case of   the incurrence of any indebtedness or liens, or the making of any   investments, restricted payments, asset sales or fundamental changes, or the   designation of any restricted subsidiaries or unrestricted subsidiaries in   connection with a Limited Condition Acquisition, at the Borrower’s option,   any condition that there be no default, event of default or specified default   and the calculation of relevant ratios and baskets shall be determined as of   the date a definitive agreement for such Limited Condition Acquisition is   entered into and calculated as if the acquisition and other pro   forma events in connection therewith were   consummated on such date; provided that if the Borrower has made such an   election, in connection with the calculation of any ratio or basket with   respect to the incurrence of any other debt or liens, or the making 
    

 

B-2

 

	
 
    	
 
    	
of any other restricted payments, asset   sales, fundamental changes or the designation of a restricted subsidiary or   unrestricted subsidiary on or following such date and prior to the earlier of   the date on which such Limited Condition Acquisition is consummated or the   definitive agreement for such Limited Condition Acquisition is terminated,   any such ratio or basket shall be calculated on a pro forma basis assuming   such Limited Condition Acquisition and other pro forma events in connection   therewith (including any incurrence of indebtedness and liens) have been   consummated.
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
As used herein,   “Limited Condition Acquisition” means any acquisition or investment by the   Borrower or one or more of its restricted subsidiaries permitted pursuant to   the New Term Loan Facility Documentation (as defined below) whose   consummation is not conditioned on the availability of, or on obtaining,   third party financing.
    
	
 
    	
 
    	
 
    
	
Refinancing   Facilities:
    	
 
    	
The New Term   Loan Facility Documentation will permit the Borrower to refinance loans under   the New Term Loan Facility, any Incremental Term Facility, any Refinancing   Term Facility or any Extended Term Loans or commitments under any Incremental   Revolving Facility, any Refinancing Revolving Facility from time to time, in   whole or part, with one or more new term loan facilities (each, a “Refinancing   Term Facility”) or new revolving credit facilities (each, a “Refinancing   Revolving Facility”; the Refinancing Term Facilities and the Refinancing   Revolving Facilities are collectively referred to as “Refinancing   Facilities”), respectively, under the New Term Loan Facility   Documentation with the consent of the Borrower and the institutions providing   such Refinancing Term Facility or Refinancing Revolving Facility; provided that (i) any Refinancing Term Facility   does not have an earlier maturity date or shorter weighted average life to   maturity than the maturity date and weighted average life to maturity,   respectively, of the New Term Loans being refinanced, (ii) any   Refinancing Revolving Facility does not mature prior to the maturity date of   the revolving commitments being replaced, (iii) the net cash proceeds   of such Refinancing Facilities shall be applied, substantially 
    

 

B-3

 

	
 
    	
 
    	
concurrently   with the incurrence thereof, to the pro rata prepayment of outstanding loans   (and, in the case of a revolving facility, pro rata commitment reductions)   under the applicable tranche of the New Term Loan Facility or revolving   commitments being so refinanced and (iv) such Refinancing Facilities   are in an aggregate principal or committed, as applicable, amount no greater   than the New Term Loans or revolving commitments being refinanced plus   accrued interest, fees and premiums (if any) thereon and fees and expenses   associated with such refinancing.
    
	
 
    	
 
    	
 
    
	
Purpose:
    	
 
    	
The proceeds of   the New Term Loans will be used by the Borrower on the Closing Date, together   with borrowings under the ABL Facilities, to finance Merger Costs.
    
	
 
    	
 
    	
 
    
	
Availability:
    	
 
    	
The New Term Loan Facility will be   available in a single drawing on the Closing Date. Amounts borrowed under the   New Term Loan Facility that are repaid or prepaid may not be reborrowed; provided that the New Term Loan Facility shall be reduced   by any applicable 2022 Reduction Amount. 
    
	
 
    	
 
    	
 
    
	
Interest Rates   and Fees:
    	
 
    	
As set forth in   Annex I hereto.
    
	
 
    	
 
    	
 
    
	
Default Rate:
    	
 
    	
As per the   Existing Term Loan Credit Agreement.
    
	
 
    	
 
    	
 
    
	
Final Maturity   and Amortization:
    	
 
    	
The New Term   Loan Facility will mature on the date that is seven years after the Closing   Date and will amortize in equal quarterly installments in aggregate annual   amounts equal to 1.00% of the original principal amount of the New Term Loan   Facility, with the balance payable on the seventh anniversary of the Closing   Date; provided that the New Term Loan   Facility Documentation shall provide the right of individual Lenders to agree   to extend the maturity of their New Term Loans upon the request 
    

 

B-4

 

	
 
    	
 
    	
of the Borrower   and without the consent of any other Lender (as per the Existing Term Loan   Credit Agreement).
    
	
 
    	
 
    	
 
    
	
Unrestricted   Subsidiaries:
    	
 
    	
As per the   Existing Term Loan Credit Agreement.
    
	
 
    	
 
    	
 
    
	
Guarantees:
    	
 
    	
As per the   Existing Term Loan Credit Agreement.
    
	
 
    	
 
    	
 
    
	
Security:
    	
 
    	
As per the   Existing Term Loan Credit Agreement, except the definition of “Excluded   Assets” will be revised to include all motor vehicles and assets subject to certificates   of title.
    
	
 
    	
 
    	
 
    
	
Mandatory   Prepayments:
    	
 
    	
As per the   Existing Term Loan Credit Agreement.
    
	
 
    	
 
    	
 
    
	
Voluntary   Prepayments:
    	
 
    	
Subject to   “Prepayment Premium” below, as per the Existing Term Loan Credit Agreement.
    
	
 
    	
 
    	
 
    
	
Prepayment   Premium:
    	
 
    	
If the New Term   Loans are repaid or any Lender is replaced in connection with any amendment   to the New Term Loan Facility, in each case, in connection with a Repricing   Transaction (as defined below) prior to the six- month anniversary of the   Closing Date, a 1.00% premium prepayment on the amount so prepaid or   replaced.

 

For purposes of   the foregoing, a “Repricing Transaction” shall mean the prepayment,   refinancing, substitution or replacement of all or a portion of the New Term   Loans (including, without limitation, as may be effected through any   amendment, waiver or modification of the New Term Loan Facility Documentation   relating to the interest rate for, or weighted average yield of, such New   Term Loans), (a) if the primary purpose of such prepayment,   refinancing, substitution, replacement, amendment, waiver or modification is   (as reasonably determined by the Borrower in good faith) to refinance the New   Term Loans at a lower “effective yield” (taking into account, among other   factors, margin, upfront or similar fees or original issue discount shared   with all providers of such financing, but excluding the effect of any   arrangement, commitment, underwriting, structuring, syndication or other fees   payable in connection therewith that are not shared with all providers of such   financing, 
    

 

B-5

 

	
 
    	
 
    	
and without   taking into account any fluctuations in the Adjusted LIBOR, but including any   Adjusted LIBOR floor or similar floor that is higher than the then applicable   Adjusted LIBOR rate), (b) if the prepayment, refinancing,   substitution, replacement, amendment, waiver or modification is effectuated   by the incurrence by the Borrower or any subsidiary of new indebtedness, such   new indebtedness is first lien secured bank financing (with the New Term Loan   Facility being considered as such for the avoidance of doubt), and (c)   if such prepayment, refinancing, substitution, replacement, amendment, waiver   or modification results in first lien secured bank financing having an   “effective yield” (as reasonably determined by the New Term Loan   Administrative Agent in consultation with the Borrower, consistent with   generally accepted financial practices, after giving effect to, among other   factors, margin, upfront or similar fees or original issue discount shared   with all providers of such financing (calculated based on assumed four-year   average life and without present value discount), but excluding the effect of   any arrangement, commitment, underwriting, structuring, syndication or other   fees payable in connection therewith that are not shared with all providers   of such financing, and without taking into account any fluctuations in the   Adjusted LIBOR, but including any Adjusted LIBOR floor or similar floor that   is higher than the then applicable Adjusted LIBOR rate) that is less than the   “effective yield” (as reasonably determined by the New Term Loan   Administrative Agent in consultation with the Borrower, on the same basis) of   such New Term Loans prior to being so prepaid, refinanced, substituted or   replaced or subject to such amendment, waiver or modification of the New Term   Loan Facility.
    
	
 
    	
 
    	
 
    
	
Documentation:
    	
 
    	
The definitive   documentation for the New Term Loan Facility, the definitive terms of which   will be negotiated in good faith, will be consistent with this Term Sheet   and, subject to the foregoing, consistent with and substantially similar to   the Term Loan Credit Agreement, dated as of May 25, 2011, among Emerald,   Deutsche Bank AG New York Branch, as administrative agent and collateral   agent and the lenders party thereto (as amended
    

 

B-6

 

	
 
    	
 
    	
by Amendment   No. 1, dated as of February 7, 2013, Amendment No. 2, dated as   of February 10, 2015, Amendment No. 3, dated as of October 28,   2015, Amendment No. 4, dated as of November 12, 2015 and Amendment   No. 5, dated as of January 26, 2016, the “Existing Term Loan   Credit Agreement”), taking account of and being modified fully as   appropriate to reflect the terms set forth in the Commitment Letter and Fee   Letter and the operational and strategic requirements of Emerald and Amethyst   and their respective subsidiaries (including as to operational and strategic   requirements of Emerald and Amethyst and their respective subsidiaries, in   light of their size, industries, businesses, business practices and business   plans) (it being understood that (i) basket sizes will be set   taking into account the relative EBITDA and total assets of Emerald and   Amethyst and their respective subsidiaries on a consolidated basis after   giving pro forma effect to the Transactions and (ii) the New Term   Loan Facility shall include Limited Condition Acquisition provisions as   described above); with changes to reflect the operational and administrative   changes reasonably requested by the New Term Loan Administrative Agent and   customary EU bail-in provisions; and, in any event, will contain only those   conditions to borrowing, prepayments, representations and warranties,   covenants and events of default expressly set forth in this Term Sheet (such   documentation, the “New Term Loan Facility Documentation”).   Notwithstanding the foregoing, the only conditions to the availability of the   New Term Loan Facility on the Closing Date shall be the applicable conditions   set forth in the Funding Conditions Provision and in Exhibit G to the   Commitment Letter and those set forth under the heading “Conditions Precedent   to Initial Extensions of Credit” in this Term Sheet.
    
	
 
    	
 
    	
 
    
	
Representations and   Warranties:
    	
 
    	
As per the Existing   Term Loan Credit Agreement, it being understood that the failure of any   representation or warranty (other than the Specified Representations and the   Merger Agreement Representations) to be true and correct on the Closing Date   will not constitute the failure of a condition precedent to the funding of or   a default 
    

 

B-7

 

	
 
    	
 
    	
under the New Term Loan   Facility.
    
	
 
    	
 
    	
 
    
	
Conditions Precedent to   Initial Extensions of Credit:
    	
 
    	
The initial extensions   of credit under the New Term Loan Facility will be subject solely to (a) the   applicable conditions set forth in the Funding Conditions Provision and in   Exhibit G to the Commitment Letter and (b) the condition   that the Specified Representations and, to the extent required by the Funding   Conditions Provision, the Merger Agreement Representations shall be true and   correct in all material respects on and as of the Closing Date (although any   Specified Representation or Merger Agreement Representations which expressly   relates to a given date or period shall be required only to be true and   correct in all material respects as of the respective date or for the   respective period, as the case may be).
    
	
 
    	
 
    	
 
    
	
Conditions Precedent to   All Subsequent Extensions of Credit:
    	
 
    	
As per the Existing   Term Loan Credit Agreement; subject to limitations relating to Limited   Condition Acquisitions contemplated under the heading “Incremental   Facilities” above.
    
	
 
    	
 
    	
 
    
	
Affirmative Covenants:
    	
 
    	
As per the Existing   Term Loan Credit Agreement.
    
	
 
    	
 
    	
 
    
	
Negative Covenants:
    	
 
    	
As per the Existing   Term Loan Credit Agreement.
    
	
 
    	
 
    	
 
    
	
Financial Covenant:
    	
 
    	
None.
    
	
 
    	
 
    	
 
    
	
Events of Default:
    	
 
    	
As per the Existing   Term Loan Credit Agreement, except the definition of “Change of Control”   shall be revised to remove the “Permitted Holders” exceptions.
    
	
 
    	
 
    	
 
    
	
Voting:
    	
 
    	
As per the Existing   Term Loan Credit Agreement.
    
	
 
    	
 
    	
 
    
	
Cost and Yield   Protection:
    	
 
    	
As per the Existing   Term Loan Credit Agreement.
    
	
 
    	
 
    	
 
    
	
Assignments and   Participations:
    	
 
    	
As per the Existing Term   Loan Credit Agreement.
    
	
 
    	
 
    	
 
    
	
Successor   Administrative Agent:
    	
 
    	
As per the Existing   Term Loan Credit Agreement with an adjustment to allow for the New Term Loan   Administrative Agent to appoint a successor in consultation with the Borrower   and the Lenders 30 days after notice from the New Term Loan Administrative   Agent if a successor has not been appointed during such
    

 

B-8

 

	
 
    	
 
    	
period; provided that, any such successor appointed by the New Term   Loan Administrative Agent must be a commercial bank organized under the laws   of the United States of America or any political subdivision thereof which   has combined capital and reserves in excess of $5,000,000,000.
    
	
 
    	
 
    	
 
    
	
Expenses and   Indemnification:
    	
 
    	
If the Closing Date   occurs, as per the Existing Term Loan Credit Agreement; provided that,   for the avoidance of doubt, the reimbursement of the reasonable fees,   disbursements and other charges of counsel in connection with the   preparation, execution, delivery and syndication of the New Term Loan   Facility shall be limited to fees, disbursements and charges of counsel   identified herein and one local counsel in each applicable jurisdiction.
    
	
 
    	
 
    	
 
    
	
Governing Law and Forum:
    	
 
    	
New York.
    
	
 
    	
 
    	
 
    
	
Counsel to the New Term   Loan Administrative Agent:
    	
 
    	
Cahill   Gordon & Reindel LLP.
    

 

B-9

 

Annex I to

Exhibit B

 

 

	
Interest Rates:
    	
 
    	
The per annum interest   rates under the New Term Loan Facility will be as follows:
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
At the option of the   Borrower, initially, Adjusted LIBOR plus 3.0% or ABR plus 2.0%.
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
The Borrower may elect   interest periods of 1, 2, 3 or 6 months (or, if agreed to by all relevant   Lenders, 12 months or a shorter period) for Adjusted LIBOR borrowings.
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
Calculation of interest   shall be on the basis of the actual days elapsed in a year of 360 days (or   365 or 366 days, as the case may be, in the case of ABR loans based on the   Base Rate), and interest shall be payable at the end of each interest period   and, in any event, at least every 3 months.
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
ABR shall mean the   “Alternate Base Rate” as defined in the Existing Term Loan Credit Agreement   with modifications to reflect the New Administrative Agent’s Base Rate and to   reflect changes to the calculation of the federal funds rate.
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
Adjusted LIBOR shall   mean the “Adjusted LIBOR Rate” as defined in the Existing Term Loan Credit   Agreement (it being understood and agreed, for the avoidance of doubt, that   the “LIBOR Floor” shall be 0.75% per annum).
    

 

B-I-1

 

EXHIBIT C

 

Project Meat
 $1.0 billion New ABL Facility
 Summary of Principal Terms and Conditions

 

All capitalized terms used but not defined herein shall have the meanings given to them in the Commitment Letter to which this term sheet is attached, including the other Exhibits thereto or the Existing ABL Credit Agreement, as applicable.

 

	
Borrower:
    	
 
    	
Initially, Emerald and, following the Merger, New   Amethyst as the survivor of the Merger (the “Borrower”).
    
	
 
    	
 
    	
 
    
	
Transactions:
    	
 
    	
As set forth in Exhibit A to the Commitment   Letter.
    
	
 
    	
 
    	
 
    
	
Agents:
    	
 
    	
Deutsche Bank AG, New York Branch or another   Committed Lender to be appointed by the Companies with the consent of the New   ABL Lead Arrangers (such consent not to be unreasonably withheld) (provided   that neither Deutsche Bank AG, New York Branch nor any other Committed Lender   will be permitted to act as New ABL Administrative Agent if such person does   not hold a New ABL Commitment on the Closing Date in an amount at least equal   to the New ABL Commitment of JPMCB) will act as sole and exclusive   administrative agent and collateral agent (in such capacity, the “New ABL   Administrative Agent”) in respect of the New ABL Facility (provided,   that if JPMCB is not the New ABL Administrative Agent, JPMCB shall act as   co-collateral agent under the New ABL Facility and the documentation shall   contain customary provisions relating to the co-collateral agent’s rights to   make determinations on certain matters with the New ABL Administrative Agent   and customary protections for the co-collateral agent, in each case,   reasonably acceptable to the Borrower), a bank or banks to be agreed will act   as syndication agent(s) for the New ABL Facility and a bank or banks to   be agreed will act as documentation agent(s) for the New ABL Facility,   in each case for a syndicate of financial institutions reasonably acceptable   to the New ABL Lead Arrangers and the Borrower (together with the Committed   Lenders, the “Lenders”), and will perform the duties customarily   associated with such roles.
    

 

C-1

 

	
Joint Bookrunner and Lead Arranger:
    	
 
    	
JPMCB and Barclays will each act as joint lead   arranger for the New ABL Facility (each, a “New ABL Lead Arranger” and   collectively with any other arrangers appointed pursuant to the fifth   paragraph of the Commitment Letter, the “New ABL Lead Arrangers”) and   will perform the duties customarily associated with such roles.
    
	
 
    	
 
    	
 
    
	
New ABL Facility:
    	
 
    	
A senior secured asset-based revolving credit   facility in an aggregate principal amount of $1.0 billion (the “New ABL   Facility”; the loans thereunder, the “New ABL Loans”; the   commitments thereunder, the “New ABL Commitments”), of which an amount   up to $300 million will be available in the form of Letters of Credit (as   defined below). The obligations in respect of the New ABL Facility will be   the joint and several obligation of each of the Borrower and the   co-borrowers.
    
	
 
    	
 
    	
 
    
	
Swingline Facility:
    	
 
    	
As per the Existing ABL Credit Agreement.
    
	
 
    	
 
    	
 
    
	
Incremental Facilities:
    	
 
    	
As per the Existing ABL Credit Agreement, except the   New ABL Facility will permit the Borrower to increase the amount of New ABL   Commitments (any such increase, an “Increased ABL Revolving Commitment”),   add one or more new revolving commitments (each, a “New ABL Revolving   Commitment”) and/or add one or more term loan facilities (each, an “Incremental   ABL Term Facility”; together with any Increased ABL Revolving Commitment   and any New ABL Revolving Commitment, the “Incremental Facilities”) up   to an amount such that the aggregate amount of New ABL Commitments and   Incremental Facilities does not exceed $500 million.
    
	
 
    	
 
    	
 
    
	
Purpose; Availability:
    	
 
    	
The New ABL Loans may be incurred and Letters of   Credit may be issued on or after the Closing Date and the proceeds thereof   shall be utilized to pay amounts owing to effect the Transactions, including   the payments of fees and expenses relating thereto, and for working capital,   capital expenditures, general corporate purposes and any other purpose not   prohibited by the New ABL Facility Documentation.
    

 

C-2

 

	
Borrowing Base:
    	
 
    	
As per the Existing ABL Credit Agreement.
    
	
 
    	
 
    	
 
    
	
Interest Rates and Fees:
    	
 
    	
As set forth in Annex I hereto.
    
	
 
    	
 
    	
 
    
	
Default Rate:
    	
 
    	
As per the Existing ABL Credit Agreement.
    
	
 
    	
 
    	
 
    
	
Letters of Credit:
    	
 
    	
As per the Existing ABL Credit Agreement, except   $300 million in the aggregate under the New ABL Facility will be available to   the Borrower and its restricted subsidiaries for the purpose of issuing   letters of credit (the “Letters of Credit”). Letters of Credit will be   issued by the New ABL Administrative Agent, JPMCB, Barclays and other Lenders   reasonably acceptable to the Borrower and the New ABL Administrative Agent   who agree to issue Letters of Credit (each, an “Issuing Lender”); provided that, if JPMCB is the New ABL Administrative   Agent, JPMCB shall not be required to issue Letters of Credit in excess of $200   million and Barclays shall not be required to issue Letters of Credit in   excess of $100 million; provided   further, that if JPMCB is not the New ABL Administrative Agent, the New ABL   Administrative Agent shall not be required to issue Letters of Credit in   excess of $100 million, JPMCB shall not be required to issue Letters of   Credit in excess of $100 million and Barclays shall not be required to issue   Letters of Credit in excess of $100 million.
    
	
 
    	
 
    	
 
    
	
Final Maturity:
    	
 
    	
The New ABL Facility will mature, and the New ABL   Commitments will terminate, on the date that is five years after the Closing   Date; provided that the New ABL Facility   Documentation shall provide the right of individual Lenders to agree to   extend the maturity of their New ABL Commitments upon the request of the   Borrower and without the consent of any other Lender (as per the Existing ABL   Credit Agreement).
    
	
 
    	
 
    	
 
    
	
Unrestricted Subsidiaries:
    	
 
    	
As per the Existing ABL Credit Agreement.
    
	
 
    	
 
    	
 
    
	
Guarantees:
    	
 
    	
As per the Existing ABL Credit Agreement.
    
	
 
    	
 
    	
 
    
	
Security:
    	
 
    	
As per the Existing ABL Credit Agreement, except the   definition of “Excluded Assets” will be revised to include all motor vehicles   and assets subject to 
    

 

C-3

 

	
 
    	
 
    	
certificates of title.
    
	
 
    	
 
    	
 
    
	
Cash Dominion:
    	
 
    	
As per the Existing ABL Credit Agreement, except the   Cash Dominion threshold shall be reduced to 10% and the Excess Availability   Floor shall be increased to $100 million.
    
	
 
    	
 
    	
 
    
	
Mandatory Prepayments:
    	
 
    	
As per the Existing ABL Credit Agreement.
    
	
 
    	
 
    	
 
    
	
Voluntary Prepayments and Reductions in Commitments:
    	
 
    	
As per the Existing ABL Credit Agreement.
    
	
 
    	
 
    	
 
    
	
Documentation:
    	
 
    	
The definitive documentation for the New ABL   Facility (the “New ABL Facility Documentation”), the definitive terms   of which will be negotiated in good faith, will be consistent with this Term   Sheet and, subject to the foregoing, consistent with and substantially   similar to that certain Credit Agreement, dated as of May 25, 2011,   among Emerald, certain of its subsidiaries, the lenders party thereto and   Deutsche Bank AG New York Branch as administrative agent and collateral agent   (as amended by Amendment No. 1 dated as of February 27, 2013,   Amendment No. 2 dated as of February 6, 2015 and as may be further   amended, waived, supplemented or otherwise modified from time to time, the “Existing   ABL Credit Agreement”), taking account of and being modified fully as   appropriate to reflect the terms set forth in the Commitment Letter and the   Fee Letter and the operational and strategic requirements of Emerald and   Amethyst and their respective subsidiaries (including as to operational and   strategic requirements of Emerald and Amethyst and their respective   subsidiaries, in light of their size, industries, businesses, business   practices and business plans) (it being understood that basket sizes will be   set taking into account the relative EBITDA and total assets of Emerald and   Amethyst and their respective subsidiaries on a consolidated basis after   giving pro forma effect to the Transactions), with changes to reflect the   operational and administrative changes reasonably requested by the New ABL   Administrative Agent and customary EU bail-in provisions; and, in any event,   will contain only those conditions to borrowing,
    

 

C-4

 

	
 
    	
 
    	
prepayments,   representations and warranties, covenants and events of default expressly set   forth in this Term Sheet. Notwithstanding the foregoing, the only conditions   to the availability of the New ABL Facility on the Closing Date shall be the   conditions set forth in the Funding Conditions Provision, in Exhibit G   to the Commitment Letter and those set forth under the heading “Conditions   Precedent to Initial Extensions of Credit” in this Term Sheet.
    
	
 
    	
 
    	
 
    
	
Representations and   Warranties:
    	
 
    	
As per the Existing ABL   Credit Agreement, it being understood that the failure of any representation   or warranty (other than the Specified Representations and the Merger   Agreement Representations) to be true and correct on the Closing Date will   not constitute the failure of a condition precedent to the effectiveness of   or a default under the New ABL Facility.
    
	
 
    	
 
    	
 
    
	
Conditions Precedent to   Initial Extensions of Credit:
    	
 
    	
Any initial extension   of credit under the New ABL Facility on the Closing Date will be subject   solely to (a) the applicable conditions set forth in the Funding   Conditions Provision and in Exhibit G to the Commitment Letter, (b) the   condition that the Specified Representations and, to the extent required by   the Funding Conditions Provision, the Merger Agreement Representations shall   be true and correct in all material respects on and as of the Closing Date   (although any Specified Representation or Merger Agreement Representations   which expressly relates to a given date or period shall be required only to   be true and correct in all material respects as of the respective date or for   the respective period, as the case may be) and (c) the receipt by   the Lead ABL Facilities Arranger of:

 

(i) (1) delivery   of a completed field examination and inventory appraisal of the Loan Parties   with assets to be included in the Borrowing Base by a third party appraiser   and a third party examiner (each reasonably acceptable to the New ABL Administrative   Agent and the New ABL Lead Arrangers) and (2) reasonably   satisfactory evidence that on the date of the initial extension of credit   under the New ABL Facility, after giving effect thereto and to other   transactions on such
    

 

C-5

 

	
 
    	
 
    	
date, Excess   Availability shall be no less than $250 million, and

 

(ii) a Borrowing   Base certificate prepared as of the last day of the last month ended at least   25 business days prior to the initial extension of credit.
    
	
 
    	
 
    	
 
    
	
Conditions Precedent to   All Subsequent Extensions of Credit:
    	
 
    	
As per the Existing ABL   Credit Agreement.
    
	
 
    	
 
    	
 
    
	
Affirmative Covenants:
    	
 
    	
As per the Existing ABL   Credit Agreement.
    
	
 
    	
 
    	
 
    
	
Negative Covenants:
    	
 
    	
As per the Existing ABL   Credit Agreement.
    
	
 
    	
 
    	
 
    
	
Financial Covenant:
    	
 
    	
As per the Existing ABL   Credit Agreement, except that the Availability threshold applicable to the   springing covenant shall be reduced to 10% and the Excess Availability Floor   shall be increased to $100 million.
    
	
 
    	
 
    	
 
    
	
Events of Default:
    	
 
    	
As per the Existing ABL   Credit Agreement, except the definition of “Change of Control” shall be   revised to remove the “Permitted Holders” exceptions.
    
	
 
    	
 
    	
 
    
	
Voting:
    	
 
    	
As per the Existing ABL   Credit Agreement.
    
	
 
    	
 
    	
 
    
	
Cost and Yield Protection:
    	
 
    	
As per the Existing ABL   Credit Agreement.
    
	
 
    	
 
    	
 
    
	
Assignments and   Participations:
    	
 
    	
As per the Existing ABL   Credit Agreement.
    
	
 
    	
 
    	
 
    
	
Successor   Administrative Agent:
    	
 
    	
As per the Existing ABL   Credit Agreement with an adjustment, if JPMCB is New ABL Administrative   Agent, to allow for the New Administrative Agent to appoint a successor in   consultation with the Borrower and the Lenders 30 days after notice from the   New ABL Administrative Agent if a successor has not been appointed during   such period; provided that, any such   successor appointed by the New ABL Administrative Agent must be a commercial   bank organized under the laws of the United States of America or any political   subdivision thereof which has combined capital and reserves in excess of   $5,000,000,000.
    

 

C-6

 

	
Expenses and   Indemnification:
    	
 
    	
If the Closing Date   occurs, as per the Existing ABL Credit Agreement; provided   that, for the avoidance of doubt, the reimbursement of the reasonable fees,   disbursements and other charges of counsel in connection with the   preparation, execution, delivery and syndication of the New ABL Facility   shall be limited to fees, disbursements and charges of counsel identified   herein and of one local counsel in each applicable jurisdiction.
    
	
 
    	
 
    	
 
    
	
Governing Law and Forum:
    	
 
    	
New York.
    
	
 
    	
 
    	
 
    
	
Counsel to the New ABL   Administrative Agent:
    	
 
    	
Cahill   Gordon & Reindel LLP.
    

 

C-7

 

Annex I to

Exhibit C

 

	
Interest Rates:
    	
 
    	
The per annum interest rates under the New ABL   Facility will be as follows:
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
Until the date that is 3 months after the Closing   Date, at the option of the Borrower, initially, Adjusted LIBOR or ABR, in   each case plus the interest margin applicable thereto at Level III set forth   below. From and after the date that is 3 months after the Closing Date, the   foregoing interest margins will be subject to a three level pricing grid   based on average daily Excess Availability in a manner consistent with the   Existing ABL Credit Agreement:
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
Level
    	
 
    	
Average Excess
   Availability
    	
 
    	
Adjusted
   LIBOR
    	
 
    	
 
    
	
 
    	
 
    	
I
    	
 
    	
>   66%
    	
 
    	
1.25
    	
%
    	
 
    
	
 
    	
 
    	
II
    	
 
    	
< 66% - >   33%
    	
 
    	
1.50
    	
%
    	
 
    
	
 
    	
 
    	
III
    	
 
    	
< 33%
    	
 
    	
1.75
    	
%
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
The Borrower may elect interest periods of 1, 2, 3   or 6 months (or, if agreed to by all relevant Lenders, 12 months or a shorter   period) for Adjusted LIBOR borrowings.
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
Calculation of interest shall be on the basis of the   actual days elapsed in a year of 360 days (or 365 or 366 days, as the case   may be, in the case of ABR loans based on the Base Rate) and interest shall   be payable at the end of each interest period and, in any event, at least   every 3 months.
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
ABR shall mean the “Alternate Base Rate” as defined   in the Existing ABL Credit Agreement with customary changes to reflect the   Base Rate of the New ABL Administrative Agent and to reflect changes in the calculation   of the federal funds rate.
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
Adjusted LIBOR shall mean the “Adjusted LIBOR Rate”   as defined in the Existing ABL Credit Agreement (it being understood and   agreed, for the avoidance of doubt, that the “LIBOR Floor” shall be 0.0% per   annum).
    

 

C-I-1

 

	
Letter of Credit Fees:
    	
 
    	
As per the Existing ABL Credit Agreement.
    
	
 
    	
 
    	
 
    
	
Commitment Fees:
    	
 
    	
As per the Existing ABL Credit Agreement.
    

 

C-I-2

 

EXHIBIT D

 

Project Meat
 $450 million Incremental ABL Facility
 Summary of Principal Terms and Conditions

 

All capitalized terms used but not defined herein shall have the meanings given to them in the Commitment Letter to which this term sheet is attached, including the other Exhibits thereto or the Existing ABL Credit Agreement, as applicable.

 

	
Borrower:
    	
 
    	
Initially, Emerald and, following the Merger, New   Amethyst as the survivor of the Merger (the “Borrower”).
    
	
 
    	
 
    	
 
    
	
Transactions:
    	
 
    	
As set forth in Exhibit A to the Commitment   Letter.
    
	
 
    	
 
    	
 
    
	
Agents:
    	
 
    	
Deutsche Bank AG, New York Branch or another   Committed Lender to be appointed by the Companies with the consent of the New   ABL Lead Arrangers (such consent not to be unreasonably withheld) (provided   that neither Deutsche Bank AG, New York Branch nor any other Committed Lender   will be permitted to act as Incremental ABL Administrative Agent if such   person does not hold commitments under the Existing ABL Credit Agreement on   the Closing Date in an amount at least equal to the commitment thereunder of   JPMCB) will act as sole and exclusive administrative agent and collateral   agent (in such capacity, the “Incremental ABL Administrative Agent”)   in respect of the Incremental ABL Facility pursuant to that certain Credit   Agreement, dated as of May 25, 2011, among Emerald, certain of its   subsidiaries, the lenders party thereto and Deutsche Bank AG New York Branch   as administrative agent and collateral agent (as amended by Amendment   No. 1 dated as of February 27, 2013, Amendment No. 2 dated as   of February 6, 2015 and as may be further amended, waived, supplemented   or otherwise modified from time to time, the “Existing ABL Credit   Agreement”) (provided, that if JPMCB is not the Incremental ABL   Administrative Agent, JPMCB shall act as co-collateral agent under the   Existing ABL Credit Agreement and the documentation shall contain customary   provisions relating to the co-collateral agent’s rights to make determinations   on certain matters with the Incremental ABL Administrative Agent and   customary protections for the co-collateral agent, in each case, reasonably 
    

 

D-1

 

	
 
    	
 
    	
acceptable to the Borrower), a bank or banks to be   agreed will act as syndication agent(s) and/or documentation   agent(s) for the Incremental ABL Facility, in each case, for a syndicate   of financial institutions reasonably acceptable to the Incremental ABL Lead   Arrangers and the Borrower (together with the Committed Lenders, the “Incremental   ABL Lenders”), and will perform the duties customarily associated with   such roles.
    
	
 
    	
 
    	
 
    
	
Joint Bookrunner and Lead Arranger:
    	
 
    	
JPMCB and Barclays will each act as joint lead   arranger for the Incremental ABL Facility (each, an “Incremental ABL Lead   Arranger” and collectively with any other arrangers appointed pursuant to   the fifth paragraph of the Commitment Letter, the “Incremental ABL Lead   Arrangers”) and will perform the duties customarily associated with such   roles.
    
	
 
    	
 
    	
 
    
	
Incremental ABL Facility:
    	
 
    	
A senior secured asset-based revolving credit   facility in an aggregate principal amount of $450 million (the “Incremental   ABL Facility”; the loans thereunder, the “Incremental ABL Loans”;   the commitments thereunder, the “Incremental ABL Commitments”), of   which up to $150 million will be available in the form of Letters of Credit   (as defined below) to be documented as an incremental facility under the   Existing ABL Facility. The obligations in respect of the Incremental ABL   Facility will be the joint and several obligation of each of the Borrower and   the co-borrowers.
    
	
 
    	
 
    	
 
    
	
Swingline Facility:
    	
 
    	
As per the Existing ABL Credit Agreement.
    
	
 
    	
 
    	
 
    
	
Incremental Facilities:
    	
 
    	
As per the Existing ABL Credit Agreement.
    
	
 
    	
 
    	
 
    
	
Purpose; Availability:
    	
 
    	
The Incremental ABL Loans may be incurred and   Letters of Credit may be issued on or after the Closing Date and the proceeds   thereof shall be utilized to pay amounts owing to effect the Transactions,   including the payments of fees and expenses relating thereto, and for working   capital, capital expenditures, general corporate purposes and any other   purpose not prohibited by the Incremental ABL Facility Documentation.
    

 

D-2

 

	
Borrowing Base:
    	
 
    	
As per the Existing ABL Credit Agreement.
    
	
 
    	
 
    	
 
    
	
Interest Rates and Fees:
    	
 
    	
As set forth in Annex I hereto.
    
	
 
    	
 
    	
 
    
	
Default Rate:
    	
 
    	
As per the Existing ABL Credit Agreement.
    
	
 
    	
 
    	
 
    
	
Letters of Credit:
    	
 
    	
As per the Existing ABL Credit Agreement; subject to   increase by up to $150 million as contemplated under the heading “Incremental   ABL Facility” above; provided   that, if JPMCB is the Incremental ABL Administrative Agent, JPMCB shall not   be required to issue Letters of Credit in excess of $200 million and Barclays   shall not be required to issue Letters of Credit in excess of $100 million; provided further, that if JPMCB is not the Incremental ABL   Administrative Agent, the Incremental ABL Administrative Agent shall not be   required to issue Letters of Credit in excess of $100 million, JPMCB shall   not be required to issue Letters of Credit in excess of $100 million and   Barclays shall not be required to issue Letters of Credit in excess of $100   million.
    
	
 
    	
 
    	
 
    
	
Final Maturity:
    	
 
    	
The Incremental ABL Facility will mature, and the   Incremental ABL Commitments will terminate, on the date that is five years   after the Closing Date; provided that   the Incremental ABL Facility Documentation shall provide the right of   individual Incremental ABL Lenders to agree to extend the maturity of their   Incremental ABL Commitments upon the request of the Borrower and without the   consent of any other Incremental ABL Lender (as per the Existing ABL Credit   Agreement).
    
	
 
    	
 
    	
 
    
	
Unrestricted Subsidiaries:
    	
 
    	
As per the Existing ABL Credit Agreement.
    
	
 
    	
 
    	
 
    
	
Guarantees:
    	
 
    	
As per the Existing ABL Credit Agreement.
    
	
 
    	
 
    	
 
    
	
Security:
    	
 
    	
As per the Existing ABL Credit Agreement, and   ratably with the existing facilities under the Existing ABL Credit Agreement.
    
	
 
    	
 
    	
 
    
	
Cash Dominion:
    	
 
    	
As per the Existing ABL Credit Agreement.
    
	
 
    	
 
    	
 
    
	
Mandatory Prepayments:
    	
 
    	
As per the Existing ABL Credit Agreement.
    
	
 
    	
 
    	
 
    
	
Voluntary Prepayments and
    	
 
    	
As per the Existing ABL Credit Agreement.
    

 

D-3

 

	
Reductions in Commitments:
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
Documentation:
    	
 
    	
The definitive documentation for the Incremental ABL   Facility, the definitive terms of which will be negotiated in good faith,   will be consistent with this Term Sheet taking account of and being modified   fully as appropriate to reflect the terms set forth in the Commitment Letter   and Fee Letter and, either (x) to the extent permitted by the   terms and provisions of the Existing ABL Credit Agreement with the approval   of the Lenders (as defined in the Existing ABL Credit Agreement) otherwise   approving the Incremental ABL Facility and/or the Existing ABL Credit   Agreement Amendment, customary EU bail-in provisions with respect to the   Existing ABL Credit Agreement and Incremental ABL Facility or (y) customary   EU bail-in provisions with respect to the Incremental ABL Facility; and, in   any event, will contain only those conditions to borrowing, prepayments,   representations and warranties, covenants and events of default expressly set   forth in this Term Sheet (the “Incremental ABL Facility Documentation”).

 

Notwithstanding the foregoing, the only conditions   to the availability of the Incremental ABL Facility on the Closing Date shall   be the applicable conditions set forth in Section 2.6 of the Existing   ABL Credit Agreement, the Funding Conditions Provision and in Exhibit G   to the Commitment Letter and those set forth under the heading “Conditions   Precedent to Initial Extensions of Credit” in this Term Sheet.
    
	
 
    	
 
    	
 
    
	
Representations and Warranties:
    	
 
    	
As per the Existing ABL Credit Agreement.
    
	
 
    	
 
    	
 
    
	
Conditions Precedent to Initial Extensions of Credit:
    	
 
    	
As per the Existing ABL Credit Agreement, and   (i) (1) delivery of a completed field examination and   inventory appraisal of the Loan Parties with assets to be included in the   Borrowing Base by a third party appraiser and a third party examiner (each   reasonably acceptable to the Incremental ABL Administrative Agent and the   Incremental ABL Lead Arrangers) and (2) reasonably satisfactory   evidence that on the date of the initial extension of credit under the   Incremental ABL Facility, after giving effect thereto and to other   transactions on 
    

 

D-4

 

	
 
    	
 
    	
such date, Excess Availability shall be no less than   $250 million and

 

(ii) a Borrowing Base certificate prepared as   of the last day of the last month ended at least 25 business days prior to   the initial extension of credit.
    
	
 
    	
 
    	
 
    
	
Conditions Precedent to All Subsequent Extensions of   Credit:
    	
 
    	
As per the Existing ABL Credit Agreement.
    
	
 
    	
 
    	
 
    
	
Affirmative Covenants:
    	
 
    	
As per the Existing ABL Credit Agreement.
    
	
 
    	
 
    	
 
    
	
Negative Covenants:
    	
 
    	
As per the Existing ABL Credit Agreement.
    
	
 
    	
 
    	
 
    
	
Financial Covenant:
    	
 
    	
As per the Existing ABL Credit Agreement.
    
	
 
    	
 
    	
 
    
	
Events of Default:
    	
 
    	
As per the Existing ABL Credit Agreement.
    
	
 
    	
 
    	
 
    
	
Voting:
    	
 
    	
As per the Existing ABL Credit Agreement.
    
	
 
    	
 
    	
 
    
	
Cost and Yield Protection:
    	
 
    	
As per the Existing ABL Credit Agreement.
    
	
 
    	
 
    	
 
    
	
Assignments and Participations:
    	
 
    	
As per the Existing ABL Credit Agreement.
    
	
 
    	
 
    	
 
    
	
Successor Administrative Agent:
    	
 
    	
As per the Existing ABL Credit Agreement with an   adjustment, if JPM is the Incremental ABL Administrative Agent, to allow for   the Incremental ABL Administrative Agent to appoint a successor in   consultation with the Borrower and the Lenders 30 days after notice from the   Incremental ABL Administrative Agent if a successor has not been appointed   during such period; provided   that, any such successor appointed by the Incremental ABL Administrative   Agent must be a commercial bank organized under the laws of the United States   of America or any political subdivision thereof which has combined capital   and reserves in excess of $5,000,000,000.
    

 

D-5

 

	
Expenses and Indemnification:
    	
 
    	
If the Closing Date occurs, as per the Existing ABL   Credit Agreement; provided that,   for the avoidance of doubt, the reimbursement of the reasonable fees,   disbursements and other charges of counsel in connection with the   preparation, execution, delivery and syndication of the Incremental ABL   Facility shall be limited to fees, disbursements and charges of counsel   identified herein and of one local counsel in each applicable jurisdiction.
    
	
 
    	
 
    	
 
    
	
Governing Law and Forum:
    	
 
    	
As per the Existing ABL Credit Agreement.
    
	
 
    	
 
    	
 
    
	
Counsel to the Committed Lenders and the Incremental   ABL Administrative Agent:
    	
 
    	
Cahill Gordon & Reindel LLP.
    

 

D-6

 

ANNEX I to

EXHIBIT D

 

	
Interest Rates:
    	
 
    	
The per annum   interest rates under the Incremental ABL Facility will be as follows:
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
Until the date   that is 3 months after the Closing Date, at the option of the Borrower,   initially, Adjusted LIBOR or ABR, in each case plus the interest margin   applicable thereto at Level III set forth below.  From and after the date that is 3 months   after the Closing Date, the foregoing interest margins will be subject to a   three level pricing grid based on average daily Excess Availability in a   manner consistent with the Existing ABL Credit Agreement:
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
Level
    	
 
    	
Average Excess
   Availability
    	
 
    	
Adjusted
   LIBOR
    	
 
    	
 
    
	
 
    	
 
    	
I
    	
 
    	
>   66%
    	
 
    	
1.25
    	
%
    	
 
    
	
 
    	
 
    	
II
    	
 
    	
< 66% - >   33%
    	
 
    	
1.50
    	
%
    	
 
    
	
 
    	
 
    	
III
    	
 
    	
< 33%
    	
 
    	
1.75
    	
%
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
The Borrower may   elect interest periods of 1, 2, 3 or 6 months (or, if agreed to by all   relevant Lenders, 12 months or a shorter period) for Adjusted LIBOR   borrowings.
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
Calculation of   interest shall be on the basis of the actual days elapsed in a year of 360   days (or 365 or 366 days, as the case may be, in the case of ABR loans based   on the Base Rate) and interest shall be payable at the end of each interest   period and, in any event, at least every 3 months.
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
ABR shall mean   the “Alternate Base Rate” as defined in the Existing ABL Credit Agreement   with customary changes to reflect the Base Rate of the Incremental ABL   Administrative Agent and to reflect changes in the calculation of the federal   funds rate. 
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
Adjusted LIBOR   shall mean the “Adjusted LIBOR Rate” as defined in the Existing ABL Credit   Agreement (it being understood and agreed, for the avoidance of doubt, that   the “LIBOR Floor” shall be 0.0% per annum).
    

 

D-I-1

 

	
Letter of Credit   Fees:
    	
 
    	
As per the   Existing ABL Credit Agreement.
    
	
 
    	
 
    	
 
    
	
Commitment Fees:
    	
 
    	
As per the   Existing ABL Credit Agreement.
    

 

D-I-2

 

CONFIDENTIAL

 

EXHIBIT E

 

Project Meat
  Incremental Term Loan Facility
 Summary of Principal Terms and Conditions

 

All capitalized terms used but not defined herein shall have the meanings given to them in the Commitment Letter to which this term sheet is attached, including the other Exhibits thereto or the Existing Term Loan Credit Agreement, as applicable.

 

	
Borrower:
    	
 
    	
Initially, Emerald and, following the Merger, New   Amethyst as the survivor of the Merger (the “Borrower”).
    
	
 
    	
 
    	
 
    
	
Transactions:
    	
 
    	
As set forth in Exhibit A to the Commitment   Letter.
    
	
 
    	
 
    	
 
    
	
Agents:
    	
 
    	
Deutsche Bank AG, New York Branch or, at the   Companies’ option, JPMCB, will act as sole and exclusive administrative agent   and collateral agent (in such capacity, the “Incremental Term Loan   Administrative Agent”) in respect of the Incremental Term Loan Facility   pursuant to the Term Loan Credit Agreement, dated as of May 25, 2011,   among Emerald, Deutsche Bank AG New York Branch, as administrative agent and   collateral agent and the lenders party thereto (as amended by Amendment   No. 1, dated as of February 7, 2013, Amendment No. 2, dated as   of February 10, 2015, Amendment No. 3, dated as of October 28,   2015, Amendment No. 4, dated as of November 12, 2015 and Amendment   No. 5, dated as of January 26, 2016, the “Existing Term Loan   Credit Agreement”), and a bank or banks to be agreed will act as   syndication agent(s) and/or documentation agent(s) for the   Incremental Term Loan Facility, in each case, for a syndicate of financial   institutions reasonably acceptable to the Incremental Term Loan Lead   Arrangers and the Borrower (together with the Committed Lenders, the “Incremental   Term Loan Lenders”), and will perform the duties customarily associated   with such roles.
    
	
 
    	
 
    	
 
    
	
Joint Bookrunner and Lead Arranger:
    	
 
    	
JPMCB and Barclays will each act as joint lead   arranger for the Incremental Term Loan Facility (each, an “Incremental   Term Loan Lead Arranger” and collectively with any other arrangers   appointed pursuant to the fifth paragraph of the Commitment Letter, the “Incremental   Term Loan Lead Arrangers”) and will perform the duties 
    

 

E-1

 

	
 
    	
 
    	
customarily associated with such roles.
    
	
 
    	
 
    	
 
    
	
Incremental Term Loan Facility:
    	
 
    	
A senior secured term loan facility in an aggregate   principal amount of up to the Incremental Commitment Amount plus, at the   Borrower’s option pursuant to the terms of the Fee Letter, any Term Loan Flex   Increase, to be documented as an incremental term loan facility under the   Existing Term Loan Credit Agreement (the “Incremental Term Loan Facility”,   the loans thereunder, the “Incremental Term Loans”).
    
	
 
    	
 
    	
 
    
	
Incremental Facilities:
    	
 
    	
As per the Existing Term Loan Credit Agreement;   provided that the “most favored nation” provisions set forth in the provisos   to Section 2.6(d)(iv) of the Existing Term Loan Credit Agreement   shall be subject to a twelve month sunset when incorporated into the   documentation governing the Incremental Term Loan Facility.
    
	
 
    	
 
    	
 
    
	
Purpose:
    	
 
    	
The proceeds of the Incremental Term Loans will be   used by the Borrower on the Closing Date, together with borrowings under the   ABL Facilities, to finance Merger Costs.
    
	
 
    	
 
    	
 
    
	
Availability:
    	
 
    	
The Incremental Term Loan Facility will be available   in a single drawing on the Closing Date. Amounts borrowed under the   Incremental Term Loan Facility that are repaid or prepaid may not be   reborrowed; provided that the Incremental   Term Loan Facility shall be reduced by any applicable 2022 Reduction Amount.
    
	
 
    	
 
    	
 
    
	
Interest Rates and Fees:
    	
 
    	
As set forth in Annex I hereto.
    
	
 
    	
 
    	
 
    
	
Default Rate:
    	
 
    	
As per the Existing Term Loan Credit Agreement.
    

 

E-2

 

	
Final Maturity and
   Amortization:
    	
 
    	
The Incremental Term Loan Facility will mature on   the date that is seven years after the Closing Date (the “Incremental   Maturity Date”) and will amortize in equal quarterly installments in   aggregate annual amounts equal to 1.00% of the original principal amount of   the Incremental Term Loan Facility, with the balance payable on the   Incremental Maturity Date; provided that   individual Incremental Lenders shall have the right to agree to extend the   maturity of their Incremental Term Loans upon the request of the Borrower and   without the consent of any other Lender (as per the Existing Term Loan Credit   Agreement).
    
	
 
    	
 
    	
 
    
	
Unrestricted Subsidiaries:
    	
 
    	
As per the Existing Term Loan Credit Agreement.
    
	
 
    	
 
    	
 
    
	
Guarantees:
    	
 
    	
As per the Existing Term Loan Credit Agreement.
    
	
 
    	
 
    	
 
    
	
Security:
    	
 
    	
As per the Existing Term Loan Credit Agreement and   ratably with the existing facilities under the Existing Term Loan Credit   Agreement.
    
	
 
    	
 
    	
 
    
	
Mandatory Prepayments:
    	
 
    	
As per the Existing Term Loan Credit Agreement and   ratably with the existing term loans under the Existing Term Loan Credit   Agreement.
    
	
 
    	
 
    	
 
    
	
Voluntary Prepayments:
    	
 
    	
Subject to “Prepayment Premium” below, as per the   Existing Term Loan Credit Agreement.
    
	
 
    	
 
    	
 
    
	
Prepayment Premium:
    	
 
    	
If the Incremental Term Loans are repaid or any   Lender is replaced in connection with any amendment to the Incremental Term   Loan Facility, in each case, in connection with a Repricing Transaction (as   defined below) prior to the six-month anniversary of the Closing Date, a   1.00% premium prepayment on the amount so prepaid or replaced.

 

For purposes of the foregoing, a “Repricing   Transaction” shall mean the prepayment, refinancing, substitution or   replacement of all or a portion of the Incremental Term Loans (including,   without limitation, as may be effected through any amendment, waiver or   modification of the Incremental Term Loan Facility Documentation relating to   the interest rate for, or weighted average yield of, such Incremental Term   Loans), (a) if the primary purpose of
    

 

E-3

 

	
 
    	
 
    	
such prepayment,   refinancing, substitution, replacement, amendment, waiver or modification is   (as reasonably determined by the Borrower in good faith) to refinance the   Incremental Term Loans at a lower “effective yield” (taking into account,   among other factors, margin, upfront or similar fees or original issue   discount shared with all providers of such financing, but excluding the   effect of any arrangement, commitment, underwriting, structuring, syndication   or other fees payable in connection therewith that are not shared with all   providers of such financing, and without taking into account any fluctuations   in the Adjusted LIBOR, but including any Adjusted LIBOR floor or similar floor   that is higher than the then applicable Adjusted LIBOR rate), (b) if   the prepayment, refinancing, substitution, replacement, amendment, waiver or   modification is effectuated by the incurrence by the Borrower or any   subsidiary of new indebtedness, such new indebtedness is first lien secured   bank financing (with the Incremental Term Loan Facility being considered as   such for the avoidance of doubt), and (c) if such prepayment,   refinancing, substitution, replacement, amendment, waiver or modification   results in first lien secured bank financing having an “effective yield” (as   reasonably determined by the Incremental Term Loan Administrative Agent in   consultation with the Borrower, consistent with generally accepted financial   practices, after giving effect to, among other factors, margin, upfront or   similar fees or original issue discount shared with all providers of such   financing (calculated based on assumed four-year average life and without   present value discount), but excluding the effect of any arrangement,   commitment, underwriting, structuring, syndication or other fees payable in   connection therewith that are not shared with all providers of such   financing, and without taking into account any fluctuations in the Adjusted   LIBOR, but including any Adjusted LIBOR floor or similar floor that is higher   than the then applicable Adjusted LIBOR rate) that is less than the   “effective yield” (as reasonably determined by the Incremental Term Loan   Administrative Agent in consultation with the Borrower, on the same basis) of   such Incremental Term Loans prior to being so prepaid, refinanced,   substituted or 
    

 

E-4

 

	
 
    	
 
    	
replaced or   subject to such amendment, waiver or modification of the Incremental   Term Loan Facility.
    
	
 
    	
 
    	
 
    
	
Documentation:
    	
 
    	
The definitive documentation for the   Incremental Term Loan Facility, the definitive terms of which will be   negotiated in good faith, will be consistent with this Term Sheet taking   account of and being modified fully as appropriate to reflect the terms set   forth in the Commitment Letter and Fee Letter and, either (x) to   the extent permitted by the terms and provisions of the Existing Term Loan   Credit Agreement with the approval of the Lenders (as defined in the Existing   Term Loan Credit Agreement) otherwise approving the Incremental Term Loan   Facility and/or the Existing Term Loan Credit Agreement Amendment, customary   EU bail-in provisions with respect to the Existing Term Loan Credit Agreement   and Term Loan Facility or (y) customary EU bail-in provisions   with respect to the Incremental Term Loan Facility; and, in any event, will   contain only those conditions to borrowing, prepayments, representations and   warranties, covenants and events of default expressly set forth in this Term   Sheet (such documentation, the “Incremental Term Loan Facility   Documentation”).

 

Notwithstanding the foregoing, the only   conditions to the availability of the Incremental Term Loan Facility on the   Closing Date shall be the applicable conditions set forth in Section 2.6   of the Existing Term Loan Credit Agreement, the   Funding Conditions Provision and in Exhibit G to the Commitment Letter   and those set forth under the heading “Conditions   Precedent to Initial Extensions of Credit” in this Term Sheet.
    
	
 
    	
 
    	
 
    
	
Representations   and Warranties:
    	
 
    	
As per the   Existing Term Loan Credit Agreement.
    
	
 
    	
 
    	
 
    
	
Conditions   Precedent to Initial Extensions of Credit:
    	
 
    	
The   initial extensions of credit under the Incremental Term Loan Facility will be subject solely to (a) the   applicable conditions set forth in the Funding Conditions Provision and in   Exhibit G to the Commitment Letter, (b) the condition that   the Specified Representations and, to the extent required by the Funding   Conditions Provision, the Merger Agreement   Representations shall be true   and correct in all material respects on and as of the Closing 
    

 

E-5

 

	
 
    	
 
    	
Date   (although any Specified Representation or Merger Agreement Representations which expressly relates to a given date or   period shall be required only to be true and correct in all material respects   as of the respective date or for the respective period, as the case may be)   and (c) the conditions set forth in   Section 2.6 of the Existing Term Loan Credit Agreement shall have been   satisfied.
    
	
 
    	
 
    	
 
    
	
Affirmative   Covenants:
    	
 
    	
As per the   Existing Term Loan Credit Agreement.
    
	
 
    	
 
    	
 
    
	
Negative   Covenants:
    	
 
    	
As per the   Existing Term Loan Credit Agreement.
    
	
 
    	
 
    	
 
    
	
Financial   Covenant:
    	
 
    	
None.
    
	
 
    	
 
    	
 
    
	
Events of   Default:
    	
 
    	
As per the   Existing Term Loan Credit Agreement.
    
	
 
    	
 
    	
 
    
	
Voting:
    	
 
    	
As per the   Existing Term Loan Credit Agreement.
    
	
 
    	
 
    	
 
    
	
Cost and Yield Protection:
    	
 
    	
As per the   Existing Term Loan Credit Agreement.
    
	
 
    	
 
    	
 
    
	
Assignments and   Participations:
    	
 
    	
As per the Existing   Term Loan Credit Agreement.
    
	
 
    	
 
    	
 
    
	
Successor Administrative Agent:
    	
 
    	
As per the   Existing Term Loan Credit Agreement with an adjustment, if JPMCB is the   Incremental Term Loan Administrative Agent, to allow the Incremental Term   Loan Administrative Agent to appoint a successor Incremental Term Loan   Administrative Agent in consultation with the Lenders and the Borrower if no   successor has been appointed within 30 days after JPMCB provides a notice of   resignation; provided that, any such   successor appointed by the Incremental Term Loan Administrative Agent must be a   commercial bank organized under the laws of the United States of America or   any political subdivision thereof which has combined capital and reserves in   excess of $5,000,000,000.
    
	
 
    	
 
    	
 
    
	
Expenses and   Indemnification:
    	
 
    	
If the Closing Date occurs, as per the   Existing Term Loan Credit Agreement; provided that,   for the avoidance of doubt, the reimbursement of the reasonable fees,   disbursements and other charges of counsel in connection with the   preparation, execution, delivery and syndication of the Incremental Term Loan   Facility shall be limited to fees, disbursements and charges of counsel   identified 
    

 

E-6

 

	
 
    	
 
    	
herein and one local counsel in each   applicable jurisdiction.
    
	
 
    	
 
    	
 
    
	
Governing Law   and Forum:
    	
 
    	
As per the   Existing Term Loan Credit Agreement.
    
	
 
    	
 
    	
 
    
	
Counsel to the   Committed Lenders and to the Incremental Term Loan Administrative Agent:
    	
 
    	
Cahill   Gordon & Reindel LLP.
    

 

E-7

 

ANNEX I to

EXHIBIT E

 

	
Interest Rates:
    	
 
    	
The per annum   interest rates under the Incremental Term Loan Facility will be as follows:
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
At the option of   the Borrower, Adjusted LIBOR plus 3.0% or ABR plus 2.0%.
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
The Borrower may   elect interest periods of 1, 2, 3 or 6 months (or, if agreed to by all   relevant Lenders, 12 months or a shorter period) for Adjusted LIBOR   borrowings, as per the Existing Term Loan Credit Agreement.
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
Calculation of   interest shall be on the basis of the actual days elapsed in a year of 360   days (or 365 or 366 days, as the case may be, in the case of ABR loans based   on the Base Rate), and interest shall be payable at the end of each interest   period and, in any event, at least every 3 months.
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
ABR shall mean   the “Alternate Base Rate” as defined in the Existing Term Loan Credit   Agreement with modifications to reflect the Incremental Term Loan   Administrative Agent’s Base Rate and changes in the calculation of the   federal funds rate.
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
Adjusted LIBOR   shall mean the “Adjusted LIBOR Rate” as defined in the Existing Term Loan   Credit Agreement (it being understood and agreed, for the avoidance of doubt,   that the “LIBOR Floor” shall be 0.75% per annum).
    

 

E-I-1

 

EXHIBIT F

 

Project Meat
 Backstop Facility 
 Summary of Principal Terms and Conditions

 

All capitalized terms used but not defined herein shall have the meanings given to them in the Commitment Letter to which this term sheet is attached, including the other Exhibits thereto or the Existing Term Loan Credit Agreement, as applicable.

 

	
Borrower:
    	
 
    	
Initially,   Emerald and, following the Merger, New Amethyst as the survivor of the Merger   (the “Borrower”).  
    
	
 
    	
 
    	
 
    
	
Transactions:
    	
 
    	
As set forth in   Exhibit A to the Commitment Letter.
    
	
 
    	
 
    	
 
    
	
Agents:
    	
 
    	
JPMCB will act   as sole and exclusive administrative agent and collateral agent (in such   capacity, the “Backstop Administrative Agent”) in respect of the   Backstop Facility, a bank or banks to be agreed will act as syndication   agent(s) for the Backstop Facility and a bank or banks to be agreed will   act as documentation agent(s) for the Backstop Facility, in each case   for a syndicate of financial institutions reasonably acceptable to the   Backstop Lead Arrangers and the Borrower (together with the Committed   Lenders, the “Lenders”), and will perform the duties customarily   associated with such roles.
    
	
 
    	
 
    	
 
    
	
Joint Bookrunner   and Lead Arranger:
    	
 
    	
JPMCB and   Barclays will each act as joint lead arranger for the Backstop   Loan Facility (each, a “Backstop Lead Arranger”   and collectively with any other arrangers appointed pursuant to the fifth   paragraph of the Commitment Letter, the “Backstop Lead Arrangers”) and   will perform the duties customarily associated with such roles.
    
	
 
    	
 
    	
 
    
	
Backstop   Facility:
    	
 
    	
A senior secured   term loan facility in an aggregate principal amount of up to the Incremental   Commitment Amount plus, at the Borrower’s option pursuant to the terms of the   Fee Letter, any Term Loan Flex Increase, as provided in the immediately   succeeding paragraph (the “Backstop Facility”; the loans thereunder,   the “Backstop Term Loans”). 
    
	
 
    	
 
    	
 
    
	
Incremental   Facilities:
    	
 
    	
As per the   Existing Term Loan Credit Agreement, except
    

 

F-1

 

	
 
    	
 
    	
the most favored   nation provision shall be subject to a 12-month sunset. 
    
	
 
    	
 
    	
 
    
	
Refinancing   Facilities:
    	
 
    	
The Backstop   Facility Documentation will permit the Borrower to refinance loans under the   Backstop Facility, any Incremental Term Facility, any Refinancing Term   Facility or any Extended Term Loans or commitments under any Incremental   Revolving Facility, any Refinancing Revolving Facility from time to time, in   whole or part, with one or more new term loan facilities (each, a “Refinancing   Term Facility”) or new revolving credit facilities (each, a “Refinancing   Revolving Facility”; the Refinancing Term Facilities and the Refinancing   Revolving Facilities are collectively referred to as “Refinancing   Facilities”), respectively, under the Backstop Facility Documentation   with the consent of the Borrower and the institutions providing such   Refinancing Term Facility or Refinancing Revolving Facility; provided that (i) any Refinancing Term   Facility does not have an earlier maturity date or shorter weighted average   life to maturity than the maturity date and weighted average life to   maturity, respectively, of the Backstop Term Loans being refinanced, (ii) any   Refinancing Revolving Facility does not mature prior to the maturity date of   the revolving commitments being replaced, (iii) the net cash   proceeds of such Refinancing Facilities shall be applied, substantially   concurrently with the incurrence thereof, to the pro rata prepayment of   outstanding loans (and, in the case of a revolving facility, pro rata   commitment reductions) under the applicable tranche of the Backstop Facility   or revolving commitments being so refinanced and (iv) such   Refinancing Facilities are in an aggregate principal or committed, as   applicable, amount no greater than the Backstop Term Loans or revolving   commitments being refinanced plus accrued interest, fees and premiums (if   any) thereon and fees and expenses associated with such refinancing.
    
	
 
    	
 
    	
 
    
	
Purpose:
    	
 
    	
The proceeds of   the Backstop Term Loans will be used by the Borrower on the Closing Date,   together with 
    

 

F-2

 

	
 
    	
 
    	
borrowings under   the ABL Facilities, to finance Merger Costs.
    
	
 
    	
 
    	
 
    
	
Availability:
    	
 
    	
The Backstop Facility will be available   in a single drawing on the Closing Date.    Amounts borrowed under the Backstop Facility that are repaid or   prepaid may not be reborrowed; provided that   the Backstop Facility shall be reduced by any applicable 2022 Reduction   Amount.
    
	
 
    	
 
    	
 
    
	
Interest Rates   and Fees:
    	
 
    	
As set forth in   Annex I hereto.
    
	
 
    	
 
    	
 
    
	
Default Rate:
    	
 
    	
As per the   Existing Term Loan Credit Agreement.
    
	
 
    	
 
    	
 
    
	
Final Maturity   and Amortization:
    	
 
    	
The Backstop   Facility will mature on the date that is seven years after the Closing Date   and will amortize in equal quarterly installments in aggregate annual amounts   equal to 1.00% of the original principal amount of the Backstop Facility,   with the balance payable on the seventh anniversary of the Closing Date; provided that the Backstop Facility Documentation shall   provide the right of  individual   Lenders to agree to extend the maturity of their Backstop Term Loans upon the   request of the Borrower and without the consent of any other Lender (as per   the Existing Term Loan Credit Agreement).
    
	
 
    	
 
    	
 
    
	
Unrestricted   Subsidiaries:
    	
 
    	
As per the   Existing Term Loan Credit Agreement.
    
	
 
    	
 
    	
 
    
	
Guarantees:
    	
 
    	
As per the   Existing Term Loan Credit Agreement.
    
	
 
    	
 
    	
 
    
	
Security:
    	
 
    	
As per the   Existing Term Loan Credit Agreement and ratably with the existing facilities   under the Existing Term Loan Credit Agreement.
    
	
 
    	
 
    	
 
    
	
Mandatory   Prepayments:
    	
 
    	
As per the   Existing Term Loan Credit Agreement and ratably with the term loans under the   Existing Term Loan Credit Agreement.
    
	
 
    	
 
    	
 
    
	
Voluntary   Prepayments:
    	
 
    	
Subject to   “Prepayment Premium” below, as per the Existing Term Loan Credit Agreement.
    
	
 
    	
 
    	
 
    
	
Prepayment   Premium:
    	
 
    	
If the Backstop   Term Loans are repaid or any Lender is replaced in connection with any   amendment to the Backstop Facility, in each case, in connection with a 
    

 

F-3

 

 

	
 
    	
 
    	
Repricing   Transaction (as defined below) prior to the six-month anniversary of the   Closing Date, a 1.00% premium prepayment on the amount so prepaid or   replaced.

 

For purposes of   the foregoing, a “Repricing Transaction” shall mean the prepayment,   refinancing, substitution or replacement of all or a portion of the Backstop   Term Loans (including, without limitation, as may be effected through any   amendment, waiver or modification of the Backstop Facility Documentation   relating to the interest rate for, or weighted average yield of, such   Backstop Term Loans), (a) if the primary purpose of such   prepayment, refinancing, substitution, replacement, amendment, waiver or   modification is (as reasonably determined by the Borrower in good faith) to   refinance the Backstop Term Loans at a lower “effective yield” (taking into   account, among other factors, margin, upfront or similar fees or original   issue discount shared with all providers of such financing, but excluding the   effect of any arrangement, commitment, underwriting, structuring, syndication   or other fees payable in connection therewith that are not shared with all   providers of such financing, and without taking into account any fluctuations   in the Adjusted LIBOR, but including any Adjusted LIBOR floor or similar   floor that is higher than the then applicable Adjusted LIBOR rate), (b) if   the prepayment, refinancing, substitution, replacement, amendment, waiver or   modification is effectuated by the incurrence by the Borrower or any   subsidiary of new indebtedness, such new indebtedness is first lien secured   bank financing (with the Backstop Facility being considered as such for the   avoidance of doubt), and (c) if such prepayment, refinancing,   substitution, replacement, amendment, waiver or modification results in first   lien secured bank financing having an “effective yield” (as reasonably   determined by the Backstop Administrative Agent in consultation with the   Borrower, consistent with generally accepted financial practices, after   giving effect to, among other factors, margin, upfront or similar fees or   original issue discount shared with all providers of such financing   (calculated based on assumed four-year average life and 
    

 

F-4

 

	
 
    	
 
    	
without present   value discount), but excluding the effect of any arrangement, commitment,   underwriting, structuring, syndication or other fees payable in connection   therewith that are not shared with all providers of such financing, and   without taking into account any fluctuations in the Adjusted LIBOR, but   including any Adjusted LIBOR floor or similar floor that is higher than the   then applicable Adjusted LIBOR rate) that is less than the “effective yield”   (as reasonably determined by the Backstop Administrative Agent in   consultation with the Borrower, on the same basis) of such Backstop Term   Loans prior to being so prepaid, refinanced, substituted or replaced or   subject to such amendment, waiver or modification of the Backstop Facility.
    
	
 
    	
 
    	
 
    
	
Documentation:
    	
 
    	
The definitive   documentation for the Backstop Facility, the definitive terms of which will   be negotiated in good faith, will be consistent with this Backstop Term Sheet   and, subject to the foregoing, consistent with and substantially similar to,   with respect to covenants and defaults, the Existing Term Loan Credit   Agreement, taking account of and being modified fully as appropriate to   reflect the terms set forth in the Commitment Letter and Fee Letter; with   changes to reflect the technical aspects of the Backstop Facility and   operational and administrative changes reasonably requested by the Backstop   Administrative Agent and customary EU bail-in provisions; and, in any event,   will contain only those conditions to borrowing, prepayments, representations   and warranties, covenants and events of default expressly set forth in this   Backstop Term Sheet (such documentation, the “Backstop Facility   Documentation”).

 

The definitive documentation for the   Backstop Facility shall include an Additional Indebtedness Joinder to the   ABL/Term Loan Intercreditor Agreement in the form of Exhibit B thereto.

 

Notwithstanding   the foregoing, the only conditions to the availability of the Backstop   Facility on the Closing Date shall be the applicable conditions set forth in   the Funding Conditions Provision and in Exhibit G to the 
    

 

F-5

 

	
 
    	
 
    	
Commitment   Letter and those set forth under the heading “Conditions Precedent to Initial   Extensions of Credit” in this Term Sheet. 
    
	
 
    	
 
    	
 
    
	
Representations   and Warranties:
    	
 
    	
As per the   Existing Term Loan Credit Agreement, it being understood that the failure of   any representation or warranty (other than the Specified Representations and   the Merger Agreement Representations) to be true and correct on the Closing   Date will not constitute the failure of a condition precedent to the funding   of or a default under the Backstop Facility.
    
	
 
    	
 
    	
 
    
	
Conditions   Precedent to Initial Extensions of Credit:
    	
 
    	
The   initial extensions of credit under the Backstop   Facility will be subject   solely to (a) the applicable conditions set forth in the Funding   Conditions Provision and in Exhibit G to the Commitment Letter and (b) the   condition that the Specified Representations and, to the extent required by   the Funding Conditions Provision, the Merger   Agreement Representations,   shall be true and correct in all material respects on and as of the Closing   Date (although any Specified Representation or Merger   Agreement Representations   which expressly relates to a given date or period shall be required only to   be true and correct in all material respects as of the respective date or for   the respective period, as the case may be).    
    
	
 
    	
 
    	
 
    
	
Conditions   Precedent to All Subsequent Extensions of Credit:
    	
 
    	
As per the   Existing Term Loan Credit Agreement.
    
	
 
    	
 
    	
 
    
	
Affirmative   Covenants:
    	
 
    	
As per the   Existing Term Loan Credit Agreement.
    
	
 
    	
 
    	
 
    
	
Negative   Covenants:
    	
 
    	
As per the   Existing Term Loan Credit Agreement.
    
	
 
    	
 
    	
 
    
	
Financial   Covenant:
    	
 
    	
None.
    
	
 
    	
 
    	
 
    
	
Events of   Default:
    	
 
    	
As per the   Existing Term Loan Credit Agreement, except the definition of “Change of   Control” shall be revised to remove the “Permitted Holders” exceptions.
    
	
 
    	
 
    	
 
    
	
Voting:
    	
 
    	
As per the   Existing Term Loan Credit Agreement.
    
	
 
    	
 
    	
 
    
	
Cost and Yield Protection:
    	
 
    	
As per the   Existing Term Loan Credit Agreement.
    

 

F-6

 

	
Assignments and Participations:
    	
 
    	
As per the   Existing Term Loan Credit Agreement.
    
	
 
    	
 
    	
 
    
	
Successor   Administrative Agent:
    	
 
    	
As per the   Existing Term Loan Credit Agreement with an adjustment, if JPMCB is the   Backstop Administrative Agent, to allow the Backstop Administrative Agent to   appoint a successor Backstop Administrative Agent in consultation with the   Lenders and the Borrower if no successor has been appointed within 30 days   after JPMCB provides a notice of resignation; provided   that, any such successor appointed by the Backstop Administrative Agent must be a   commercial bank organized under the laws of the United States of America or   any political subdivision thereof which has combined capital and reserves in   excess of $5,000,000,000.
    
	
 
    	
 
    	
 
    
	
Expenses and   Indemnification:
    	
 
    	
If the Closing Date occurs, as per the   Existing Term Loan Credit Agreement; provided that,   for the avoidance of doubt, the reimbursement of the reasonable fees,   disbursements and other charges of counsel in connection with the   preparation, execution, delivery and syndication of the Backstop Facility   shall be limited to fees, disbursements and charges of counsel identified   herein and of one local counsel in each applicable jurisdiction.
    
	
 
    	
 
    	
 
    
	
Governing Law   and Forum:
    	
 
    	
New York.
    
	
 
    	
 
    	
 
    
	
Counsel to the   Backstop Administrative Agent:
    	
 
    	
Cahill   Gordon & Reindel LLP.
    

 

F-7

 

ANNEX I to

EXHIBIT F

 

	
Interest Rates:
    	
 
    	
The per annum   interest rates under the Backstop Facility will be as follows:
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
At the option of   the Borrower, initially, Adjusted LIBOR plus 3.0% or ABR plus 2.0%.
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
The Borrower may   elect interest periods of 1, 2, 3 or 6 months (or, if agreed to by all   relevant Lenders, 12 months or a shorter period) for Adjusted LIBOR   borrowings.
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
Calculation of   interest shall be on the basis of the actual days elapsed in a year of 360   days (or 365 or 366 days, as the case may be, in the case of ABR loans based   on the Base Rate), and interest shall be payable at the end of each interest   period and, in any event, at least every 3 months.
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
ABR shall mean the “Alternate Base Rate”   as defined in the Existing Term Loan Credit Agreement with modifications to   reflect the Base Rate of the Backstop Administrative Agent and changes to the   calculation of the federal funds   rate.
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
Adjusted LIBOR   shall mean the “Adjusted LIBOR Rate” as defined in the Existing Term Loan   Credit Agreement (it being understood and agreed, for the avoidance of doubt,   that the “LIBOR Floor” shall be 0.75% per annum).
    

 

F-I-1

 

 

EXHIBIT G

 

Project Meat
  Summary of Additional Conditions

 

All capitalized terms used but not defined herein shall have the meaning given to them in the Commitment Letter to which this Summary of Additional Conditions is attached, including the other Exhibits thereto.

 

Except as otherwise set forth below, the initial borrowing each of the Facilities shall be subject to the satisfaction or waiver of the following additional conditions:

 

1.             The Merger shall have been or, substantially concurrently with the initial borrowing under the Term Loan Facilities shall be, consummated in all material respects in accordance with the terms of the Merger Agreement, without giving effect to any modifications, amendments, express waivers or express consents thereunder that are materially adverse to the Lenders without the consent of the Lead Arrangers (such consent not to be unreasonably withheld, conditioned or delayed), it being understood and agreed that any change in the Exchange Ratio (as defined in the Merger Agreement) shall not be deemed to be materially adverse to the Lenders.

 

2.             The Refinancing shall have been, or substantially concurrently with the initial borrowing under the Term Loan Facilities shall be, consummated.

 

3.             Since the date of the Merger Agreement, (i) no change, event, development, condition, occurrence or effect shall have occurred, arisen or become known that has had, or would reasonably be expected to have, individually or in the aggregate, an Amethyst Material Adverse Effect (as defined in the Merger Agreement on the date hereof) and (ii) no change, event, development, condition, occurrence or effect shall have occurred, arisen or become known that has had, or would reasonably be expected to have, individually or in the aggregate, a Holdings Material Adverse Effect (as defined in the Merger Agreement on the date hereof).

 

4.             All fees and, to the extent invoiced at least 2 business days prior to the Closing Date, expenses related to the Transactions payable to the Commitment Parties or the Lenders shall have been paid to the extent due.

 

5.             The Lead Arrangers shall have received (a) audited consolidated balance sheets and related statements of operations, comprehensive income (loss) and cash flows of Emerald for the three most recently completed fiscal years ended at least 90 days prior to the Closing Date, (b) unaudited consolidated balance sheets and related statements of operations, comprehensive income (loss) and cash flows of Emerald for any subsequent interim fiscal period of Emerald ended at least 45 days prior to the Closing Date and for the comparable period of the prior fiscal year, (c) the audited consolidated balance sheets and related the statements of earnings and cash flows of Amethyst for the three most

 

G-1

 

recently completed fiscal years ended at least 90 days prior to the Closing Date and (d) the unaudited consolidated balance sheets and related statements of earnings and cash flows of Amethyst for any subsequent interim fiscal period of Emerald ended at least 45 days prior to the Closing Date and for the comparable period of the prior fiscal year. The Lead Arrangers hereby acknowledge receipt of the financial statements (I) in the foregoing clause (a) for the fiscal years ended December 31, 2012, December 31, 2013, December 31, 2014 and December 31, 2015, (II) in the foregoing clause (b) for the fiscal periods ended March 31, 2016, (III) in the foregoing clause (c) for the fiscal years ended December 31, 2012, December 31, 2013, December 31, 2014 and December 31, 2015, and (IV) in the foregoing clause (d) for the fiscal periods ended March 31, 2016.

 

6.             The Lead Arrangers shall have received an unaudited pro forma consolidated balance sheet and a related unaudited pro forma consolidated statement of operations of New Amethyst and its subsidiaries as of and for the 12-month period ending on the last day of the most recently completed four-fiscal quarter period ended at least 45 days prior to the Closing Date (or, if the end of the most recently completed four-fiscal quarter period of Emerald is the end of a fiscal year of Emerald, ended at least 90 days prior to the Closing Date), prepared after giving effect to the Transactions as if the Transactions had occurred as of such date (in the case of such balance sheet) or at the beginning of such period (in the case of such statement of operations), which shall be prepared in all material respects in compliance with Regulation S-X of the Securities Act of 1933, as amended.

 

7.             The Lead Arrangers shall have received a certificate of the chief financial officer or treasurer (or other comparable officer) of New Amethyst substantially in the form of Annex I to Exhibit G attached hereto certifying the solvency, after giving effect to the Transactions, of New Amethyst and its subsidiaries on a consolidated basis.

 

8.             The Lead Arrangers shall have received at least three business days prior to the Closing Date all documentation and information as is reasonably requested in writing by the Commitment Parties, at least 10 calendar days prior to the Closing Date, about the Borrower and the Guarantors mutually agreed to be required by U.S. regulatory authorities under applicable “know your customer” and anti-money laundering rules and regulations, including, without limitation, the PATRIOT Act.

 

9.             With respect to the Term Loan Facilities and the ABL Facilities, subject in all respects to the Funding Conditions Provision, (a) the Guarantees of the Term Loan Facilities and ABL Facilities shall have been executed by the Guarantors and be in full force and effect or substantially simultaneously with the initial borrowing under the Term Loan Facilities and ABL Facilities, shall be executed and become in full force and effect and (b) all documents and instruments required to perfect the applicable Bank Administrative Agent’s security interest, in the Collateral with respect to the Term Loan Facilities and ABL Facilities shall have been executed and delivered by the Borrower and the Guarantors or substantially simultaneously with the initial borrowings under the Term

 

G-2

 

Loan Facilities and ABL Facilities, shall be executed and delivered by the Borrower and the Guarantors and, if applicable, be in proper form for filing, and none of the Collateral shall be subject to any other pledges, security interest or mortgages, except for the liens permitted under the Facilities Documentation or to be released on or prior to the Closing Date.

 

10.          With respect to the Term Loan Facilities and ABL Facilities, you shall have provided to the Lead Arrangers the financial information identified in paragraphs 5 and 6 of this Summary of Additional Conditions, in each case, not less than 20 consecutive calendar days prior to the Closing Date (such period the “Marketing Period”) (provided that (x) if such period has not ended prior to August 20, 2016, such period shall not be deemed to have commenced until September 6, 2016, (y) if such period has not ended prior to December 24, 2016, such period shall not be deemed to have commenced until January 3, 2017 and (z) the days from November 24, 2016 to November 27, 2016 shall not be considered calendar days for purposes of such period).

 

11.          Solely with respect to the Incremental Term Loan Facility, the conditions set forth in Section 2.6 of the Existing Term Loan Credit Agreement shall have been satisfied.

 

12.          Solely with respect to the Incremental ABL Facility, the conditions set forth in Section 2.6 of the Existing ABL Credit Agreement shall have been satisfied.

 

13.          Solely with respect to a Backstop Facility, the Borrower shall have executed and delivered the Additional Indebtedness Designation and an acknowledgment with respect to the ABL/Term Loan Intercreditor Agreement and related joinder.

 

The information required by paragraph 10 above shall be referred to as the “Secured Facilities Required Information”.  If at any time you shall in good faith believe that you has provided the Secured Facilities Required Information, you may deliver to the Lead Arrangers and their counsel a written notice (which may be delivered by email) to the effect (stating when you believe you completed such delivery), in which case the requirements in the foregoing paragraph 10 will be deemed to have been satisfied as of the date of the applicable notice, unless the Lead Arrangers in good faith reasonably believe that you have not completed the delivery of the Secured Facilities Required Information and, within two business days after the delivery of such notice by you, deliver a written notice to you to that effect (stating with reasonable specificity which Secured Facilities Required Information you have not delivered).

 

G-3

 

Annex I to Exhibit G

 

Form of Solvency Certificate

 

Date:            , 201[  ]

 

To the Administrative Agent and each of the Lenders party to the Credit Agreement referred to below:

 

I, the undersigned, the Chief Financial Officer of          , a                          (the “Borrower”), in that capacity only and not in my individual capacity (and without personal liability), do hereby certify as of the date hereof, and based upon (i) facts and circumstances as they exist as of the date hereof (and disclaiming any responsibility for changes in such facts and circumstances after the date hereof) and (ii) such materials and information as I have deemed relevant to the determination of the matters set forth in this certificate, that:

 

1.             This certificate is furnished to the Administrative Agent and the Lenders pursuant to Section      of the Credit Agreement, dated as of                           , 201[ ], among                   (the “Credit Agreement”).  Unless otherwise defined herein, capitalized terms used in this certificate shall have the meanings set forth in the Credit Agreement.

 

2.             For purposes of this certificate, the terms below shall have the following definitions:

 

(a)           “Fair Value”

 

The amount at which the assets (both tangible and intangible), in their entirety, of the Borrower and its Subsidiaries taken as a whole would change hands between a willing buyer and a willing seller, within a commercially reasonable period of time, each having reasonable knowledge of the relevant facts, with neither being under any compulsion to act.

 

(b)           “Present Fair Salable Value”

 

The amount that could be obtained by an independent willing seller from an independent willing buyer if the assets of the Borrower and its Subsidiaries taken as a whole are sold with reasonable promptness in an arm’s-length transaction under present conditions for the sale of comparable business enterprises insofar as such conditions can be reasonably evaluated.

 

(c)           “Stated Liabilities”

 

The recorded liabilities (including contingent liabilities that would be recorded in accordance with GAAP) of the Borrower and its Subsidiaries taken as a whole, as of the date hereof after giving effect to the consummation of the Transactions, determined in accordance with GAAP consistently applied.

 

G-I-1

 

(d)           “Identified Contingent Liabilities”

 

The maximum estimated amount of liabilities reasonably likely to result from pending litigation, asserted claims and assessments, guaranties, uninsured risks and other contingent liabilities of the Borrower and its Subsidiaries taken as a whole after giving effect to the Transactions (including all fees and expenses related thereto but exclusive of such contingent liabilities to the extent reflected in Stated Liabilities), as and to the extent identified and explained in terms of their nature and estimated magnitude by responsible officers of the Borrower.

 

(e)           “Will be able to pay their Stated Liabilities and Identified Contingent Liabilities as they mature”

 

For the period from the date hereof through the Maturity Date, the Borrower and its Subsidiaries taken as a whole will have sufficient assets and cash flow to pay their respective Stated Liabilities and Identified Contingent Liabilities as those liabilities mature or (in the case of contingent liabilities) otherwise become payable.

 

(f)            “Do not have Unreasonably Small Capital”

 

For the period from the date hereof through the Maturity Date, the Borrower and its Subsidiaries taken as a whole after consummation of the Transactions is a going concern and has sufficient capital to ensure that it will continue to be a going concern for such period.

 

3.             For purposes of this certificate, I, or officers of the Borrower under my direction and supervision, have performed the following procedures as of and for the periods set forth below.

 

(a)           I have reviewed the financial statements (including the pro forma financial statements) referred to in Section [  ] of the Credit Agreement.

 

(b)           I have knowledge of and have reviewed to my satisfaction the Credit Agreement.

 

(c)           As chief financial officer of the Borrower, I am familiar with the financial condition of the Borrower and its Subsidiaries.

 

4.             Based on and subject to the foregoing, I hereby certify on behalf of the Borrower that after giving effect to the consummation of the Transactions, it is my opinion that: (i) the Fair Value and Present Fair Salable Value of the assets of the Borrower and its Subsidiaries taken as a whole exceed their Stated Liabilities and Identified Contingent Liabilities; (ii) the Borrower and its Subsidiaries taken as a whole do not have Unreasonably Small Capital; and (iii) the Borrower and its Subsidiaries taken as a whole will be able to pay their Stated Liabilities and Identified Contingent Liabilities as they mature.

 

* * *

 

G-I-2

 

IN WITNESS WHEREOF, the Borrower has caused this certificate to be executed on its behalf by its Chief Financial Officer as of the date first written above.

 

 

	
 
    	
[Borrower]
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
 
    
	
 
    	
Name:
    
	
 
    	
Title: Chief   Financial Officer
    

 

G-I-3

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