Common use of REPURCHASE OF NOTES AT OPTION OF HOLDERS Clause in Contracts

REPURCHASE OF NOTES AT OPTION OF HOLDERS. Section 14.01 Repurchase at Option of Holders Upon a Fundamental Change 76 Section 14.02 Withdrawal of Fundamental Change Repurchase Notice 79 Section 14.03 Deposit of Fundamental Change Repurchase Price 79 Section 14.04 Covenant to Comply with Applicable Laws Upon Repurchase of Notes 80 Section 14.05 Third Party May Conduct Repurchase Offer In Lieu of the Company 80 Section 14.06 No Need to Conduct a Fundamental Change Repurchase Offer for a Par Excess Cash Merger 80 GUARANTEE Section 15.01 Guarantee 81 Section 15.02 Limitation on Liability 82 Section 15.03 Successors and Assigns 82 Section 15.04 No Waiver 82 Section 15.05 Release of Guarantor 83 MISCELLANEOUS PROVISIONS Section 16.01 Provisions Binding on Company’s Successors 83 Section 16.02 Official Acts by Successor Corporation 83 Section 16.03 Addresses for Notices, Etc. 83 Section 16.04 Governing Law 84 Section 16.05 Evidence of Compliance with Conditions Precedent; Certificates and Opinions of Counsel to Trustee 84 Section 16.06 Legal Holidays 85 Section 16.07 No Security Interest Created 85 Section 16.08 Benefits of Indenture 85 Section 16.09 Table of Contents, Headings, Etc. 85 Section 16.10 Authenticating Agent 85 Section 16.11 Execution in Counterparts 86 Section 16.12 Severability 87 Section 16.13 Force Majeure 87 Section 16.14 Calculations 87 Section 16.15 USA PATRIOT Act 87 Exhibit A Form of Note A-1 Exhibit B Form of Free Transferability Certificate B-1 INDENTURE, dated as of March 3, 2017, among ENCORE CAPITAL GROUP, INC., a Delaware corporation, as issuer (the “Company,” as more fully set forth in Section 1.01), MIDLAND CREDIT MANAGEMENT, INC., as guarantor (the “Guarantor,” as more fully set forth in Section 1.01), and MUFG UNION BANK, N.A., a national banking association, as trustee (the “Trustee,” as more fully set forth in Section 1.01).

REPURCHASE OF NOTES AT OPTION OF HOLDERS. Section 14.01 Repurchase at Option of Holders Upon a Fundamental Change 76 73 Section 14.02 Withdrawal of Fundamental Change Repurchase Notice 79 76 Section 14.03 Deposit of Fundamental Change Repurchase Price 79 76 Section 14.04 Covenant to Comply with Applicable Laws Upon Repurchase of Notes 80 Section 14.05 Third Party May Conduct Repurchase Offer In Lieu of the Company 80 Section 14.06 No Need to Conduct a Fundamental Change Repurchase Offer for a Par Excess Cash Merger 80 77 GUARANTEE Section 15.01 Guarantee 81 77 Section 15.02 Limitation on Liability 82 78 Section 15.03 Successors and Assigns 82 79 Section 15.04 No Waiver 82 79 Section 15.05 Release of Guarantor 83 79 MISCELLANEOUS PROVISIONS Section 16.01 Provisions Binding on Company’s Successors 83 79 Section 16.02 Official Acts by Successor Corporation 83 79 Section 16.03 Addresses for Notices, Etc. 83 80 Section 16.04 Governing Law 84 80 Section 16.05 Evidence of Compliance with Conditions Precedent; Certificates and Opinions of Counsel to Trustee 84 81 Section 16.06 Legal Holidays 85 81 Section 16.07 No Security Interest Created 85 81 Section 16.08 Benefits of Indenture 85 81 Section 16.09 Table of Contents, Headings, Etc. 85 82 Section 16.10 Authenticating Agent 85 82 Section 16.11 Execution in Counterparts 86 83 Section 16.12 Severability 87 83 Section 16.13 Force Majeure 87 83 Section 16.14 Calculations 87 83 Section 16.15 USA PATRIOT Act 87 83 Exhibit A Form of Note A-1 Exhibit B Form of Free Transferability Certificate B-1 INDENTURE, dated as of March 3June 24, 20172013, among between ENCORE CAPITAL GROUP, INC., a Delaware corporation, as issuer (the “Company,” as more fully set forth in Section 1.01), MIDLAND CREDIT MANAGEMENT, INC., as guarantor (the “Guarantor,” as more fully set forth in Section 1.01), and MUFG UNION BANK, N.A., a national banking association, as trustee (the “Trustee,” as more fully set forth in Section 1.01).

REPURCHASE OF NOTES AT OPTION OF HOLDERS. Section 14.01 15.01. Repurchase at Option of Holders Upon a Fundamental Change 76 77 Section 14.02 15.02. Withdrawal of Fundamental Change Repurchase Notice 79 80 Section 14.03 15.03. Deposit of Fundamental Change Repurchase Price 79 80 Section 14.04 15.04. Covenant to Comply with Applicable Laws Upon Repurchase of Notes 80 81 NO OPTIONAL REDEMPTION Section 14.05 Third Party May Conduct Repurchase Offer In Lieu of the Company 80 Section 14.06 16.01. No Need to Conduct a Fundamental Change Repurchase Offer for a Par Excess Cash Merger 80 GUARANTEE Section 15.01 Guarantee Optional Redemption 81 Section 15.02 Limitation on Liability 82 Section 15.03 Successors and Assigns 82 Section 15.04 No Waiver 82 Section 15.05 Release of Guarantor 83 MISCELLANEOUS PROVISIONS Section 16.01 17.01. Provisions Binding on Company’s Successors 83 81 Section 16.02 17.02. Official Acts by Successor Corporation 83 81 Section 16.03 17.03. Addresses for Notices, Etc. 81 Section 17.04. Governing Law; Jurisdiction 83 Section 16.04 Governing Law 84 Section 16.05 17.05. Evidence of Compliance with Conditions Precedent; Certificates and Opinions of Counsel to Trustee 83 Section 17.06. Legal Holidays 84 Section 16.06 Legal Holidays 85 Section 16.07 17.07. No Security Interest Created 85 84 Section 16.08 17.08. Benefits of Indenture 85 84 Section 16.09 17.09. Table of Contents, Headings, Etc. 85 84 Section 16.10 17.10. Authenticating Agent 85 84 Section 16.11 17.11. Execution in Counterparts 86 85 Section 16.12 17.12. Severability 87 85 Section 16.13 17.13. Waiver of Jury Trial 85 Section 17.14. Force Majeure 87 85 Section 16.14 17.15. Calculations 87 85 Section 16.15 17.16. USA PATRIOT Act 87 86 Section 17.17. Withholding Taxes 86 Exhibit A Form of Note A-1 Exhibit B Form of Free Transferability Certificate B-1 INDENTURE, INDENTURE dated as of March 3November 4, 20172015 between Integrated Device Technology, among ENCORE CAPITAL GROUP, INC.Inc., a Delaware corporation, as issuer (the “Company,” as more fully set forth in Section 1.01, the “Company”), MIDLAND CREDIT MANAGEMENTand Wilmington Trust, INC.National Association, a national banking association organized under the laws of the United States of America, as guarantor trustee (the “Guarantor,” as more fully set forth in Section 1.01), and MUFG UNION BANK, N.A., a national banking association, as trustee (the “Trustee,” as more fully set forth in Section 1.01”).

REPURCHASE OF NOTES AT OPTION OF HOLDERS. Section 14.01 15.01. [Intentionally Omitted] 81 Section 15.02. Repurchase at Option of Holders Upon a Fundamental Change 76 81 Section 14.02 15.03. Withdrawal of Fundamental Change Repurchase Notice 79 83 Section 14.03 15.04. Deposit of Fundamental Change Repurchase Price 79 84 Section 14.04 15.05. Covenant to Comply with Applicable Laws Upon Repurchase of Notes 80 84 Section 14.05 Third Party May Conduct Repurchase Offer In 15.06. Exchange in Lieu of the Company 80 Xxxxxxxxxx 00 NO REDEMPTION Section 14.06 16.01. No Need to Conduct a Fundamental Change Repurchase Offer for a Par Excess Cash Merger 80 GUARANTEE Section 15.01 Guarantee 81 Section 15.02 Limitation on Liability 82 Section 15.03 Successors and Assigns 82 Section 15.04 No Waiver 82 Section 15.05 Release of Guarantor 83 Redemption 85 MISCELLANEOUS PROVISIONS Section 16.01 17.01. Provisions Binding on Company’s Successors 83 86 Section 16.02 17.02. Official Acts by Successor Corporation 83 86 Section 16.03 17.03. Addresses for Notices, Etc. 83 86 Section 16.04 17.04. Governing Law 84 Law; Jurisdiction 87 Section 16.05 17.05. Evidence of Compliance with Conditions Precedent; Certificates and Opinions of Counsel to Trustee 84 87 Section 16.06 17.06. Legal Holidays 85 87 Section 16.07 17.07. No Security Interest Created 85 88 Section 16.08 17.08. Benefits of Indenture 85 88 Section 16.09 17.09. Table of Contents, Headings, Etc. 85 88 Section 16.10 17.10. Authenticating Agent 85 88 Section 16.11 17.11. Execution in Counterparts 86 89 Section 16.12 17.12. Severability 87 89 Section 16.13 17.13. Waiver of Jury Trial 89 Section 17.14. Force Majeure 87 89 Section 16.14 17.15. Calculations 87 90 Section 16.15 17.16. USA PATRIOT Act 87 90 Section 17.17. Tax Withholding 90 Exhibit A Form of Note A-1 Exhibit B Form of Free Transferability Certificate B-1 INDENTURE, INDENTURE dated as of March 3November 14, 2017, among ENCORE CAPITAL GROUP2017 between SAREPTA THERAPEUTICS, INC., a Delaware corporation, as issuer (the “Company,” as more fully set forth in Section 1.01), MIDLAND CREDIT MANAGEMENT, INC., as guarantor (the “Guarantor,” as more fully set forth in Section 1.01), ) and MUFG UNION BANK, N.A.U.S. BANK NATIONAL ASSOCIATION, a national banking association, as trustee (the “Trustee,” as more fully set forth in Section 1.01).

REPURCHASE OF NOTES AT OPTION OF HOLDERS. Section 14.01 15.01. [Intentionally Omitted] 69 Section 15.02. Repurchase at Option of Holders Upon a Fundamental Change 76 69 Section 14.02 15.03. Withdrawal of Fundamental Change Repurchase Notice 79 72 Section 14.03 15.04. Deposit of Fundamental Change Repurchase Price 79 73 Section 14.04 15.05. Covenant to Comply with Applicable Laws Upon Repurchase of Notes 80 73 NO REDEMPTION Section 14.05 Third Party May Conduct Repurchase Offer In Lieu of the Company 80 Section 14.06 16.01. No Need to Conduct a Fundamental Change Repurchase Offer for a Par Excess Cash Merger 80 GUARANTEE Section 15.01 Guarantee 81 Section 15.02 Limitation on Liability 82 Section 15.03 Successors and Assigns 82 Section 15.04 No Waiver 82 Section 15.05 Release of Guarantor 83 Redemption 74 MISCELLANEOUS PROVISIONS Section 16.01 17.01. Provisions Binding on Company’s Successors 83 74 Section 16.02 17.02. Official Acts by Successor Corporation 83 74 Section 16.03 17.03. Addresses for Notices, Etc. 83 74 Section 16.04 17.04. Governing Law 84 Law; Jurisdiction 75 Section 16.05 17.05. Evidence of Compliance with Conditions Precedent; Certificates and Opinions of Counsel to Trustee 84 75 Section 16.06 17.06. Legal Holidays 85 76 Section 16.07 17.07. No Security Interest Created 85 76 Section 16.08 17.08. Benefits of Indenture 85 76 Section 16.09 17.09. Table of Contents, Headings, Etc. 85 76 Section 16.10 17.10. Authenticating Agent 85 76 Section 16.11 17.11. Execution in Counterparts 86 77 Section 16.12 17.12. Severability 87 78 Section 16.13 17.13. Waiver of Jury Trial 78 Section 17.14. Force Majeure 87 78 Section 16.14 17.15. Calculations 87 78 Section 16.15 17.16. USA PATRIOT Act 87 78 Exhibit A Form of Note A-1 Exhibit B Form of Free Transferability Certificate B-1 INDENTURE, INDENTURE dated as of March 3May 16, 2017, among ENCORE CAPITAL GROUP2017 between DERMIRA, INC., a Delaware corporation, as issuer (the “Company,” as more fully set forth in Section 1.01), MIDLAND CREDIT MANAGEMENT, INC., as guarantor (the “Guarantor,” as more fully set forth in Section 1.01), ) and MUFG UNION BANK, N.A.U.S. BANK NATIONAL ASSOCIATION, a national banking association, as trustee (the “Trustee,” as more fully set forth in Section 1.01).

REPURCHASE OF NOTES AT OPTION OF HOLDERS. Section 14.01 SECTION 13.01 Repurchase at Option of Holders Upon Noteholders upon a Fundamental Change 76 Section 14.02 87 SECTION 13.02 Withdrawal of Fundamental Change Repurchase Purchase Notice 79 Section 14.03 90 SECTION 13.03 Deposit of Fundamental Change Repurchase Purchase Price 79 Section 14.04 Covenant to Comply with Applicable Laws Upon Repurchase of Notes 80 Section 14.05 Third Party May Conduct Repurchase Offer In Lieu of the Company 80 Section 14.06 No Need to Conduct a Fundamental Change Repurchase Offer for a Par Excess Cash Merger 80 GUARANTEE Section 15.01 Guarantee 81 Section 15.02 Limitation on Liability 82 Section 15.03 Successors and Assigns 82 Section 15.04 No Waiver 82 Section 15.05 Release of Guarantor 83 MISCELLANEOUS PROVISIONS Section 16.01 90 SECTION 14.01 Provisions Binding on Company’s Successors 83 Section 16.02 91 SECTION 14.02 Official Acts by Successor Corporation 83 Section 16.03 91 SECTION 14.03 Addresses for Notices, Etc. 83 Section 16.04 91 SECTION 14.04 Governing Law 84 Section 16.05 92 SECTION 14.05 Evidence of Compliance with Conditions Precedent; Certificates and Opinions of Counsel to Trustee 84 Section 16.06 92 SECTION 14.06 Legal Holidays 85 Section 16.07 93 SECTION 14.07 No Security Interest Created 85 Section 16.08 93 SECTION 14.08 Trust Indenture Act 93 SECTION 14.09 Benefits of Indenture 85 Section 16.09 93 SECTION 14.10 Table of Contents, Headings, Etc. 85 Section 16.10 94 SECTION 14.11 Authenticating Agent 85 Section 16.11 94 SECTION 14.12 Execution in Counterparts 86 Section 16.12 95 SECTION 14.13 Severability 87 Section 16.13 95 SECTION 14.14 Waiver of Jury Trial 95 SECTION 14.15 Force Majeure 87 Section 16.14 95 SECTION 14.16 Calculations 87 Section 16.15 USA PATRIOT Act 87 in Respect of the Notes 95 Exhibit A Form of Note A-1 Exhibit B Form of Free Transferability Certificate Notice of Conversion B-1 INDENTURE, dated as Exhibit C Form of March 3, 2017, among ENCORE CAPITAL GROUP, INC., a Delaware corporation, as issuer Fundamental Change Purchase Notice C-1 Exhibit D Form of Assignment and Transfer D-1 310(a)(1) 6.09 (the “Company,” as more fully set forth in Section 1.01), MIDLAND CREDIT MANAGEMENT, INC., as guarantor (the “Guarantor,” as more fully set forth in Section 1.01), and MUFG UNION BANK, N.A., a national banking association, as trustee (the “Trustee,” as more fully set forth in Section 1.01).a)(2) 6.09

REPURCHASE OF NOTES AT OPTION OF HOLDERS. Section 14.01 11.01. Repurchase at Option of Holders Upon a Fundamental Change 76 54 Section 14.02 Withdrawal of Fundamental Change Repurchase Notice 79 Section 14.03 Deposit of Fundamental Change Repurchase Price 79 Section 14.04 Covenant to Comply with Applicable Laws Upon Repurchase of Notes 80 Section 14.05 Third Party May Conduct Repurchase Offer In Lieu 11.02. No Payment Following Acceleration of the Company 80 Notes 58 Section 14.06 No Need 11.03. Compliance with Tender Offer Rules 58 Section 12.01. Trust Indenture Act Controls 58 Section 12.02. Certificate and Opinion as to Conduct a Fundamental Change Repurchase Offer for a Par Excess Cash Merger 80 GUARANTEE Conditions Precedent 58 Section 15.01 Guarantee 81 12.03. Statements Required in Certificate or Opinion 59 Section 15.02 Limitation on Liability 82 12.04. Successors 59 Section 15.03 Successors and Assigns 82 Section 15.04 No Waiver 82 Section 15.05 Release of Guarantor 83 MISCELLANEOUS PROVISIONS Section 16.01 Provisions Binding on Company’s Successors 83 Section 16.02 12.05. Official Acts by Successor Corporation 83 59 Section 16.03 12.06. Addresses for Notices, Etc. 83 59 Section 16.04 12.07. Governing Law 84 60 Section 16.05 Evidence of Compliance with Conditions Precedent; Certificates and Opinions of Counsel to Trustee 84 Section 16.06 Legal Holidays 85 Section 16.07 No Security Interest Created 85 Section 16.08 12.08. Benefits of Indenture 85 60 Section 16.09 12.09. Table of Contents, Headings, Etc. 85 60 Section 16.10 Authenticating Agent 85 12.10. Counterparts 60 Section 16.11 Execution in Counterparts 86 12.11. Trustee 60 Section 16.12 Severability 87 12.12. Further Instruments and Acts 61 Section 16.13 12.13. Waiver of Jury Trial 61 Section 12.14. Force Majeure 87 61 Section 16.14 12.15. Calculations 87 Section 16.15 USA PATRIOT Act 87 61 Schedule A Additional Share Table Exhibit A Form of Note A-1 Notes Exhibit B Form of Free Transferability Certificate B-1 INDENTURE, dated as Conversion Notice Exhibit C Form of March 3, 2017, among ENCORE CAPITAL GROUP, INC., a Delaware corporation, as issuer (the “Company,” as more fully set forth in Section 1.01), MIDLAND CREDIT MANAGEMENT, INC., as guarantor (the “Guarantor,” as more fully set forth in Section 1.01), Fundamental Change Repurchase Notice Exhibit D Form of Assignment and MUFG UNION BANK, N.A., a national banking association, as trustee (the “Trustee,” as more fully set forth in Section 1.01).Transfer Exhibit E Form of Restrictive Legend for Common Stock Issued upon Conversion

REPURCHASE OF NOTES AT OPTION OF HOLDERS. Section 14.01 Repurchase at Option of Holders Upon a Fundamental Change 76 69 Section 14.02 Withdrawal of Fundamental Change Repurchase Notice 79 71 Section 14.03 Deposit of Fundamental Change Repurchase Price 79 71 Section 14.04 Covenant to Comply with Applicable Laws Upon Repurchase of Notes 80 Section 14.05 Third Party May Conduct Repurchase Offer In Lieu of the Company 80 Section 14.06 No Need to Conduct a Fundamental Change Repurchase Offer for a Par Excess Cash Merger 80 GUARANTEE 72 OPTIONAL REDEMPTION Section 15.01 Guarantee 81 Optional Redemption 72 Section 15.02 Limitation on Liability 82 Notice of Redemption 73 Section 15.03 Successors and Assigns 82 Payment of Notes Called for Redemption 74 Section 15.04 No Waiver 82 Section 15.05 Release of Guarantor 83 Restrictions on Redemption 74 MISCELLANEOUS PROVISIONS Section 16.01 Provisions Binding on Company’s Successors 83 74 Section 16.02 Official Acts by Successor Corporation 83 74 Section 16.03 Addresses for Notices, Etc. 83 74 Section 16.04 Governing Law 84 75 Section 16.05 Evidence of Compliance with Conditions Precedent; Certificates and Opinions of Counsel to Trustee 84 75 Section 16.06 Legal Holidays 85 76 Section 16.07 No Security Interest Created 85 76 Section 16.08 Benefits of Indenture 85 76 Section 16.09 Table of Contents, Headings, Etc. 85 76 Section 16.10 Authenticating Agent 85 76 Section 16.11 Execution in Counterparts 86 77 Section 16.12 Severability 87 77 Section 16.13 Waiver of Jury Trial 77 Section 16.14 Force Majeure 87 Section 16.14 Calculations 87 78 Section 16.15 Calculations 78 Section 16.16 USA PATRIOT Act 87 78 Exhibit A Form of Note A-1 Exhibit B Form of Free Transferability Certificate B-1 INDENTURE, dated as of March 39, 20172020, among ENCORE CAPITAL GROUP, INC.between INFINERA CORPORATION, a Delaware corporation, as issuer (the “Company,” as more fully set forth in Section 1.01), MIDLAND CREDIT MANAGEMENT, INC., as guarantor (the “Guarantor,” as more fully set forth in Section 1.01), ) and MUFG UNION BANK, N.A.U.S. BANK NATIONAL ASSOCIATION, a national banking association, as trustee (the “Trustee,” as more fully set forth in Section 1.01).

REPURCHASE OF NOTES AT OPTION OF HOLDERS. 46 Section 14.01 Repurchase 10.01 Purchase at Option of Holders Upon a Fundamental Change 76 46 Section 14.02 10.02 Withdrawal of Fundamental Change Repurchase Notice 79 49 Section 14.03 10.03 Effect of Fundamental Change Repurchase Notice 49 Section 10.04 Notes Repurchased in Part 50 Section 10.05 Covenant to Comply With Securities Laws Upon Repurchase of Notes 50 Section 10.06 Deposit of Fundamental Change Repurchase Price 79 51 ARTICLE 11 REDEMPTION AT THE OPTION OF THE COMPANY 51 Section 14.04 Covenant to Comply with Applicable Laws Upon Repurchase 11.01 No Sinking Fund 51 Section 11.02 Right To Redeem the Notes 51 ARTICLE 12 CONSOLIDATION, MERGER AND SALE OF ASSETS 52 Section 12.01 Applicability of Notes 80 Section 14.05 Third Party May Conduct Repurchase Offer In Lieu Article V of the Base Indenture 52 Section 12.02 When Company 80 May Merge, Etc. 52 Section 14.06 No Need to Conduct a Fundamental Change Repurchase Offer for a Par Excess Cash Merger 80 GUARANTEE Section 15.01 Guarantee 81 Section 15.02 Limitation on Liability 82 Section 15.03 Successors and Assigns 82 Section 15.04 No Waiver 82 Section 15.05 Release of Guarantor 83 12.03 Successor Person Substituted 52 ARTICLE 13 MISCELLANEOUS PROVISIONS 52 Section 16.01 13.01 Trust Accounts 52 Section 13.02 Provisions Binding on Company’s Successors 83 53 Section 16.02 13.03 Official Acts by Successor Corporation 83 53 Section 16.03 Addresses for Notices, Etc. 83 13.04 Governing Law; Jurisdiction 53 Section 16.04 Governing Law 84 13.05 Payment Dates 53 Section 16.05 Evidence of Compliance with Conditions Precedent; Certificates and Opinions of Counsel to Trustee 84 Section 16.06 Legal Holidays 85 Section 16.07 13.06 No Security Interest Created 85 53 Section 16.08 13.07 Benefits of Indenture 85 53 Section 16.09 13.08 Table of Contents, Headings, Etc. 85 53 Section 16.10 Authenticating Agent 85 13.09 Multiple Originals 53 Section 16.11 Execution in Counterparts 86 13.10 Severability 54 Section 16.12 Severability 87 13.11 Calculations 54 Section 16.13 13.12 Ratification of Base Indenture 54 Section 13.13 Trustee’s Disclaimer 54 Section 13.14 Special, Consequential and Indirect Damages 54 Section 13.15 Force Majeure 87 Section 16.14 Calculations 87 Section 16.15 USA PATRIOT Act 87 54 Exhibit A [Form of Note Face of Note]............................................................................................................. A-1 Exhibit B Form of Free Transferability Certificate B-1 INDENTURE, SECOND SUPPLEMENTAL INDENTURE dated as of March 3April 23, 2017, among ENCORE CAPITAL GROUP, INC.2018 (this “Supplemental Indenture”) between Ship Finance International Limited, a Delaware corporationBermuda exempted company, as issuer (the “Company,” ”, as more fully set forth in Section 1.01) and U.S. Bank National Association, as trustee (the “Trustee”, as more fully set forth in Section 1.01), MIDLAND CREDIT MANAGEMENTsupplementing the Indenture, INC.dated as of October 5, as guarantor 2016, between the Company and the Trustee (the “Guarantor,Base Indenture” and the Base Indenture, as more fully set forth in Section 1.01)amended and supplemented by this Supplemental Indenture, and MUFG UNION BANKas it may be further amended or supplemented from time to time with respect to the Notes, N.A., a national banking association, as trustee (the “Trustee,” as more fully set forth in Section 1.01Indenture”).

REPURCHASE OF NOTES AT OPTION OF HOLDERS. Section 14.01 Repurchase at Option of Holders Upon a Fundamental Change 76 68 Section 14.02 Withdrawal of Fundamental Change Repurchase Notice 79 70 Section 14.03 Deposit of Fundamental Change Repurchase Price 79 70 Section 14.04 Covenant to Comply with Applicable Laws Upon Repurchase of Notes 80 Section 14.05 Third Party May Conduct Repurchase Offer In Lieu of the Company 80 Section 14.06 No Need to Conduct a Fundamental Change Repurchase Offer for a Par Excess Cash Merger 80 GUARANTEE 71 ARTICLE XV OPTIONAL REDEMPTION Section 15.01 Guarantee 81 Optional Redemption 71 Section 15.02 Limitation on Liability 82 Notice of Redemption 71 Section 15.03 Successors and Assigns 82 Payment of Notes Called for Redemption 73 Section 15.04 No Waiver 82 Section 15.05 Release of Guarantor 83 Restrictions on Redemption 73 ARTICLE XVI MISCELLANEOUS PROVISIONS Section 16.01 Provisions Binding on Company’s Successors 83 73 Section 16.02 Official Acts by Successor Corporation 83 73 Section 16.03 Addresses for Notices, Etc. 83 73 Section 16.04 Governing Law 84 74 Section 16.05 Evidence of Compliance with Conditions Precedent; Certificates and Opinions of Counsel to Trustee 84 74 Section 16.06 Legal Holidays 85 75 Section 16.07 No Security Interest Created 85 75 Section 16.08 Benefits of Indenture 85 75 Section 16.09 Table of Contents, Headings, Etc. 85 75 Section 16.10 Authenticating Agent 85 75 Section 16.11 Execution in Counterparts 86 76 Section 16.12 Severability 87 76 Section 16.13 Waiver of Jury Trial 77 Section 16.14 Force Majeure 87 Section 16.14 Calculations 87 77 Section 16.15 Calculations 77 Section 16.16 USA PATRIOT Act 87 Exhibit A Form of Note A-1 Exhibit B Form of Free Transferability Certificate B-1 77 INDENTURE, dated as of March 3August 8, 20172022, among ENCORE CAPITAL GROUP, INC.between INFINERA CORPORATION, a Delaware corporation, as issuer (the “Company,” as more fully set forth in Section 1.01)) and U.S. BANK TRUST COMPANY, MIDLAND CREDIT MANAGEMENT, INC., as guarantor (the “Guarantor,” as more fully set forth in Section 1.01), and MUFG UNION BANK, N.A.NATIONAL ASSOCIATION, a national banking association, as trustee (the “Trustee,” as more fully set forth in Section 1.01).

REPURCHASE OF NOTES AT OPTION OF HOLDERS. Section 14.01 11.01 Applicability of Article XIII of the Base Indenture 38 Section 11.02 Repurchase at Option of Holders Upon a Fundamental Change 76 38 Section 14.02 Withdrawal of Fundamental Change Repurchase Notice 79 Section 14.03 Deposit of Fundamental Change Repurchase Price 79 Section 14.04 Covenant to Comply with Applicable Laws Upon Repurchase of Notes 80 Section 14.05 Third Party May Conduct Repurchase Offer In Lieu 11.03 No Payment Following Acceleration of the Company 80 Notes 41 Section 14.06 No Need 11.04 Compliance with Tender Offer Rules 41 Section 12.01 Trust Indenture Act Controls 41 Section 12.02 Certificate and Opinion as to Conduct a Fundamental Change Repurchase Offer for a Par Excess Cash Merger 80 GUARANTEE Conditions Precedent 41 Section 15.01 Guarantee 81 12.03 Statements Required in Certificate or Opinion 42 Section 15.02 Limitation on Liability 82 12.04 Successors 42 Section 15.03 Successors and Assigns 82 Section 15.04 No Waiver 82 Section 15.05 Release of Guarantor 83 MISCELLANEOUS PROVISIONS Section 16.01 Provisions Binding on Company’s Successors 83 Section 16.02 12.05 Official Acts by Successor Corporation 83 42 Section 16.03 12.06 Addresses for Notices, Etc. 83 Etc 42 Section 16.04 12.07 Ratification of the Base Indenture 43 Section 12.08 Governing Law 84 43 Section 16.05 Evidence of Compliance with Conditions Precedent; Certificates and Opinions of Counsel to Trustee 84 Section 16.06 Legal Holidays 85 Section 16.07 No Security Interest Created 85 Section 16.08 12.09 Benefits of Indenture 85 43 Section 16.09 12.10 Table of Contents, Headings, Etc. 85 Etc 43 Section 16.10 Authenticating Agent 85 12.11 Counterparts 43 Section 16.11 Execution in Counterparts 86 12.12 Trustee 43 Section 16.12 Severability 87 12.13 Further Instruments and Acts 44 Section 16.13 12.14 Waiver of Jury Trial 44 Section 12.15 Force Majeure 87 44 Section 16.14 12.16 Calculations 87 Section 16.15 USA PATRIOT Act 87 44 Schedule A Make-Whole Table Exhibit A Form of Note A-1 Notes Exhibit B Form of Free Transferability Certificate B-1 INDENTURE, dated as Conversion Notice Exhibit C Form of March 3, 2017, among ENCORE CAPITAL GROUP, INC., a Delaware corporation, as issuer (the “Company,” as more fully set forth in Section 1.01), MIDLAND CREDIT MANAGEMENT, INC., as guarantor (the “Guarantor,” as more fully set forth in Section 1.01), Fundamental Change Repurchase Notice Exhibit D Form of Assignment and MUFG UNION BANK, N.A., a national banking association, as trustee (the “Trustee,” as more fully set forth in Section 1.01).Transfer

REPURCHASE OF NOTES AT OPTION OF HOLDERS. Section 14.01 11.01. Repurchase at Option of Holders Upon a Fundamental Change 76 54 Section 14.02 Withdrawal of Fundamental Change Repurchase Notice 79 Section 14.03 Deposit of Fundamental Change Repurchase Price 79 Section 14.04 Covenant to Comply with Applicable Laws Upon Repurchase of Notes 80 Section 14.05 Third Party May Conduct Repurchase Offer In Lieu 11.02. No Payment Following Acceleration of the Company 80 Notes 57 Section 14.06 No Need 11.03. Compliance with Tender Offer Rules 57 Section 12.01. Trust Indenture Act Controls 58 Section 12.02. Certificate and Opinion as to Conduct a Fundamental Change Repurchase Offer for a Par Excess Cash Merger 80 GUARANTEE Conditions Precedent 58 Section 15.01 Guarantee 81 12.03. Statements Required in Certificate or Opinion 58 Section 15.02 Limitation on Liability 82 12.04. Successors 59 Section 15.03 Successors and Assigns 82 Section 15.04 No Waiver 82 Section 15.05 Release of Guarantor 83 MISCELLANEOUS PROVISIONS Section 16.01 Provisions Binding on Company’s Successors 83 Section 16.02 12.05. Official Acts by Successor Corporation 83 59 Section 16.03 12.06. Addresses for Notices, Etc. 83 59 Section 16.04 12.07. Governing Law 84 59 Section 16.05 Evidence of Compliance with Conditions Precedent; Certificates and Opinions of Counsel to Trustee 84 Section 16.06 Legal Holidays 85 Section 16.07 No Security Interest Created 85 Section 16.08 12.08. Benefits of Indenture 85 60 Section 16.09 12.09. Table of Contents, Headings, Etc. 85 60 Section 16.10 Authenticating Agent 85 12.10. Counterparts 60 Section 16.11 Execution in Counterparts 86 12.11. Trustee 60 Section 16.12 Severability 87 12.12. Further Instruments and Acts 60 Section 16.13 12.13. Waiver of Jury Trial 60 Section 12.14. Force Majeure 87 60 Section 16.14 12.15. Calculations 87 Section 16.15 USA PATRIOT Act 87 61 Schedule A Additional Share Table Exhibit A Form of Note A-1 Notes Exhibit B Form of Free Transferability Certificate B-1 INDENTURE, dated as Conversion Notice Exhibit C Form of March 3, 2017, among ENCORE CAPITAL GROUP, INC., a Delaware corporation, as issuer (the “Company,” as more fully set forth in Section 1.01), MIDLAND CREDIT MANAGEMENT, INC., as guarantor (the “Guarantor,” as more fully set forth in Section 1.01), Fundamental Change Repurchase Notice Exhibit D Form of Assignment and MUFG UNION BANK, N.A., a national banking association, as trustee (the “Trustee,” as more fully set forth in Section 1.01).Transfer Exhibit E Form of Restrictive Legend for Common Stock Issued upon Conversion

REPURCHASE OF NOTES AT OPTION OF HOLDERS. Section 14.01 Repurchase at Option of Holders Upon a Fundamental Change 76 62 Section 14.02 Withdrawal of Fundamental Change Repurchase Notice 79 64 Section 14.03 Deposit of Fundamental Change Repurchase Price 79 65 Section 14.04 Covenant to Comply with Applicable Laws Upon Repurchase of Notes 80 Section 14.05 Third Party May Conduct Repurchase Offer In Lieu of the Company 80 Section 14.06 No Need to Conduct a Fundamental Change Repurchase Offer for a Par Excess Cash Merger 80 GUARANTEE 65 NO OPTIONAL REDEMPTION Section 15.01 Guarantee 81 Section 15.02 Limitation on Liability 82 Section 15.03 Successors and Assigns 82 Section 15.04 No Waiver 82 Section 15.05 Release of Guarantor 83 Optional Redemption 66 MISCELLANEOUS PROVISIONS Section 16.01 Provisions Binding on Company’s Successors 83 66 Section 16.02 Official Acts by Successor Corporation 83 66 Section 16.03 Addresses for Notices, Etc. 83 66 Section 16.04 Governing Law 84 66 Section 16.05 Evidence of Compliance with Conditions Precedent; Certificates and Opinions of Counsel to Trustee 84 67 Section 16.06 Legal Holidays 85 67 Section 16.07 No Security Interest Created 85 67 Section 16.08 Benefits of Indenture 85 68 Section 16.09 Table of Contents, Headings, Etc. 85 68 Section 16.10 Authenticating Agent 85 68 Section 16.11 Execution in Counterparts 86 69 Section 16.12 Severability 87 69 Section 16.13 Waiver of Jury Trial 69 Section 16.14 Force Majeure 87 Section 16.14 Calculations 87 69 Section 16.15 Calculations 69 Section 16.16 USA PATRIOT Act 87 69 Exhibit A Form of Note A-1 Exhibit B Form of Free Transferability Certificate B-1 INDENTURE, dated as of March 3May 30, 20172013, among ENCORE CAPITAL GROUP, INC.between INFINERA CORPORATION, a Delaware corporation, as issuer (the “Company,” as more fully set forth in Section 1.01), MIDLAND CREDIT MANAGEMENT, INC., as guarantor (the “Guarantor,” as more fully set forth in Section 1.01), ) and MUFG UNION BANK, N.A.U.S. BANK NATIONAL ASSOCIATION, a national banking association, as trustee (the “Trustee,” as more fully set forth in Section 1.01).

REPURCHASE OF NOTES AT OPTION OF HOLDERS. Section 14.01 15.01. [Intentionally Omitted] 111 Section 15.02. Repurchase at Option of Holders Upon a Fundamental Change 76 111 Section 14.02 15.03. Withdrawal of Fundamental Change Repurchase Notice 79 114 Section 14.03 15.04. Deposit of Fundamental Change Repurchase Price 79 115 Section 14.04 15.05. Covenant to Comply with Applicable Laws Upon Repurchase of Notes 80 115 NO REDEMPTION Section 14.05 Third Party May Conduct Repurchase Offer In Lieu of the Company 80 16.01. No Redemption 116 SECURITY AND COLLATERAL Section 14.06 No Need to Conduct a Fundamental Change Repurchase Offer for a Par Excess Cash Merger 80 GUARANTEE 17.01. Collateral Documents 116 Section 15.01 Guarantee 81 Section 15.02 Limitation on Liability 82 Section 15.03 Successors and Assigns 82 Section 15.04 No Waiver 82 Section 15.05 17.02. Release of Guarantor 83 Collateral 117 Section 17.03. Suits to Protect the Collateral 118 Section 17.04. Authorization of Receipt of Funds by the Trustee Under the Collateral Documents 118 Section 17.05. Collateral Agent 118 MISCELLANEOUS PROVISIONS Section 16.01 18.01. Provisions Binding on Company’s Successors 83 124 Section 16.02 18.02. Official Acts by Successor Corporation 83 124 Section 16.03 18.03. Addresses for Notices, Etc. 83 124 Section 16.04 18.04. Governing Law 84 Law; Jurisdiction 125 Section 16.05 18.05. Evidence of Compliance with Conditions Precedent; Certificates and Opinions of Counsel to Trustee 84 125 Section 16.06 18.06. Legal Holidays 85 126 Section 16.07 No Security Interest Created 85 18.07. [Reserved.] 126 Section 16.08 18.08. Benefits of Indenture 85 126 Section 16.09 18.09. Table of Contents, Headings, Etc. 85 126 Section 16.10 18.10. Authenticating Agent 85 126 Section 16.11 18.11. Execution in Counterparts 86 Counterparts; Electronic Signatures 127 Section 16.12 18.12. Severability 87 128 Section 16.13 18.13. Waiver of Jury Trial 128 Section 18.14. Force Majeure 87 128 Section 16.14 18.15. Calculations 87 128 Section 16.15 18.16. USA PATRIOT Act 87 129 Section 18.17. Electronic Communications 129 Section 18.18. FATCA 130 Exhibit A Form of Note A-1 Exhibit B Form of Free Transferability Certificate Supplemental Indenture B-1 INDENTURE, INDENTURE dated as of March 3December 4, 2017, 2023 among ENCORE CAPITAL GROUP, INC.PG&E CORPORATION, a Delaware California corporation, as issuer (the “Company,” as more fully set forth in Section 1.01), MIDLAND CREDIT MANAGEMENT, INC., as guarantor (the “Guarantor,” as more fully set forth in Section 1.01), and MUFG UNION BANKThe BANK OF NEW YORK MELLON TRUST COMPANY, N.A., a national banking associationassociation organized under the laws of the United States of America, as trustee (the “Trustee,” as more fully set forth in Section 1.01), and JPMORGAN CHASE BANK, N.A., as the collateral agent (the “Collateral Agent,” as more fully set forth in Section 1.01).

REPURCHASE OF NOTES AT OPTION OF HOLDERS. 46 Section 14.01 Repurchase 10.01 Purchase at Option of Holders Upon a Fundamental Change 76 46 Section 14.02 10.02 Withdrawal of Fundamental Change Repurchase Notice 79 49 Section 14.03 10.03 Effect of Fundamental Change Repurchase Notice 49 Section 10.04 Notes Repurchased in Part 50 Section 10.05 Covenant to Comply With Securities Laws Upon Repurchase of Notes 50 Section 10.06 Deposit of Fundamental Change Repurchase Price 79 51 ARTICLE 11 REDEMPTION AT THE OPTION OF THE COMPANY 51 Section 14.04 Covenant to Comply with Applicable Laws Upon Repurchase 11.01 No Sinking Fund 51 Section 11.02 Right To Redeem the Notes 51 ARTICLE 12 CONSOLIDATION, MERGER AND SALE OF ASSETS 52 Section 12.01 Applicability of Notes 80 Section 14.05 Third Party May Conduct Repurchase Offer In Lieu Article V of the Base Indenture 52 Section 12.02 When Company 80 May Merge, Etc. 52 Section 14.06 No Need to Conduct a Fundamental Change Repurchase Offer for a Par Excess Cash Merger 80 GUARANTEE Section 15.01 Guarantee 81 Section 15.02 Limitation on Liability 82 Section 15.03 Successors and Assigns 82 Section 15.04 No Waiver 82 Section 15.05 Release of Guarantor 83 12.03 Successor Person Substituted 52 ARTICLE 13 MISCELLANEOUS PROVISIONS 52 Section 16.01 13.01 Trust Accounts 52 Section 13.02 Provisions Binding on Company’s 's Successors 83 53 Section 16.02 13.03 Official Acts by Successor Corporation 83 53 Section 16.03 Addresses for Notices, Etc. 83 13.04 Governing Law; Jurisdiction 53 Section 16.04 Governing Law 84 13.05 Payment Dates 53 Section 16.05 Evidence of Compliance with Conditions Precedent; Certificates and Opinions of Counsel to Trustee 84 Section 16.06 Legal Holidays 85 Section 16.07 13.06 No Security Interest Created 85 53 Section 16.08 13.07 Benefits of Indenture 85 53 Section 16.09 13.08 Table of Contents, Headings, Etc. 85 53 Section 16.10 Authenticating Agent 85 13.09 Multiple Originals 53 Section 16.11 Execution in Counterparts 86 13.10 Severability 54 Section 16.12 Severability 87 13.11 Calculations 54 Section 16.13 Force Majeure 87 13.12 Ratification of Base Indenture 54 Section 16.14 Calculations 87 13.13 Trustee's Disclaimer 54 Section 16.15 USA PATRIOT Act 87 Exhibit A Form of Note A-1 Exhibit B Form of Free Transferability Certificate B-1 INDENTURE13.14 Special, dated as of March 3, 2017, among ENCORE CAPITAL GROUP, INC., a Delaware corporation, as issuer (the “Company,” as more fully set forth in Section 1.01), MIDLAND CREDIT MANAGEMENT, INC., as guarantor (the “Guarantor,” as more fully set forth in Section 1.01), Consequential and MUFG UNION BANK, N.A., a national banking association, as trustee (the “Trustee,” as more fully set forth in Section 1.01).Indirect Damages 54

REPURCHASE OF NOTES AT OPTION OF HOLDERS. Section 14.01 Repurchase at Option of Holders Upon a Fundamental Change 76 73 Section 14.02 Withdrawal of Fundamental Change Repurchase Notice 79 76 Section 14.03 Deposit of Fundamental Change Repurchase Price 79 76 Section 14.04 Covenant to Comply with Applicable Laws Upon Repurchase of Notes 80 Section 14.05 Third Party May Conduct Repurchase Offer In Lieu of the Company 80 Section 14.06 No Need to Conduct a Fundamental Change Repurchase Offer for a Par Excess Cash Merger 80 77 GUARANTEE Section 15.01 Guarantee 81 77 Section 15.02 Limitation on Liability 82 78 Section 15.03 Successors and Assigns 82 78 Section 15.04 No Waiver 82 79 Section 15.05 Release of Guarantor 83 79 MISCELLANEOUS PROVISIONS Section 16.01 Provisions Binding on Company’s Successors 83 79 Section 16.02 Official Acts by Successor Corporation 83 79 Section 16.03 Addresses for Notices, Etc. 83 79 Section 16.04 Governing Law 84 80 Section 16.05 Evidence of Compliance with Conditions Precedent; Certificates and Opinions of Counsel to Trustee 84 80 Section 16.06 Legal Holidays 85 81 Section 16.07 No Security Interest Created 85 81 Section 16.08 Benefits of Indenture 85 81 Section 16.09 Table of Contents, Headings, Etc. 85 81 Section 16.10 Authenticating Agent 85 81 Section 16.11 Execution in Counterparts 86 82 Section 16.12 Severability 87 83 Section 16.13 Force Majeure 87 83 Section 16.14 Calculations 87 83 Section 16.15 USA PATRIOT Act 87 83 Exhibit A Form of Note A-1 Exhibit B Form of Free Transferability Certificate B-1 INDENTURE, dated as of March 311, 20172014, among ENCORE CAPITAL GROUP, INC., a Delaware corporation, as issuer (the “Company,” as more fully set forth in Section 1.01), MIDLAND CREDIT MANAGEMENT, INC., as guarantor (the “Guarantor,” as more fully set forth in Section 1.01), and MUFG UNION BANK, N.A., a national banking association, as trustee (the “Trustee,” as more fully set forth in Section 1.01).