Common use of Increased Conversion Rate Applicable to Certain Notes Surrendered in Connection with Make-Whole Fundamental Changes Clause in Contracts

Increased Conversion Rate Applicable to Certain Notes Surrendered in Connection with Make-Whole Fundamental Changes. (A) Notwithstanding anything herein to the contrary, the Conversion Rate applicable to each Security that is surrendered for conversion, in accordance with this Article XI, at any time during the period (the “Make-Whole Conversion Period”) that begins on, and includes, the actual effective date of a Make-Whole Fundamental Change and ends on, and includes, the date that is forty (40) Business Days after the actual effective date of such Make-Whole Fundamental Change (or, if such Make-Whole Fundamental Change also constitutes a Fundamental Change, the Fundamental Change Repurchase Date applicable to such Fundamental Change) shall be increased to an amount equal to the Conversion Rate that would, but for this Section 11.14, otherwise apply to such Security pursuant to this Article XI, plus an amount equal to the Make-Whole Applicable Increase. The additional consideration payable hereunder on account of any Make-Whole Applicable Increase with respect to a Security surrendered for conversion is herein referred to as the "Make-Whole Consideration.” For avoidance of doubt, the amount of the Make-Whole Consideration due upon the conversion of a Security shall be based on the Cash Settlement Averaging Period and Volume-Weighted Average Prices applicable to such conversion pursuant to Section 11.02. (B) As used herein, “Make-Whole Applicable Increase” shall mean, with respect to a Make-Whole Fundamental Change, the amount, set forth in the following table, which corresponds to the effective date of such Make-Whole Fundamental Change (the “Effective Date”) and the Applicable Price of such Make-Whole Fundamental Change: $ 41.25 5.9462 5.9462 5.9462 5.9462 5.9462 5.9462 5.9462 5.9462 $ 45.00 5.6002 5.4693 5.2927 5.1518 4.9968 4.7777 4.3957 3.9260 $ 50.00 4.7087 4.5562 4.3565 4.1724 3.9527 3.6370 3.0873 1.7038 $ 55.00 4.0162 3.8523 3.6415 3.4332 3.1770 2.8095 2.1793 0.0000 $ 60.00 3.4669 3.2982 3.0841 2.8641 2.5903 2.2006 1.5485 0.0000 $ 65.00 3.0236 2.8545 2.6420 2.4186 2.1394 1.7466 1.1097 0.0000 $ 70.00 2.6605 2.4937 2.2861 2.0645 1.7879 1.4041 0.8037 0.0000 $ 75.00 2.3591 2.1965 1.9956 1.7793 1.5104 1.1429 0.5897 0.0000 $ 80.00 2.1061 1.9488 1.7558 1.5469 1.2886 0.9414 0.4394 0.0000 $ 85.00 1.8916 1.7401 1.5556 1.3554 1.1095 0.7845 0.3332 0.0000 $ 90.00 1.7080 1.5628 1.3870 1.1961 0.9634 0.6611 0.2577 0.0000 $ 95.00 1.5496 1.4107 1.2437 1.0624 0.8431 0.5631 0.2036 0.0000 $ 100.00 1.4120 1.2794 1.1209 0.9492 0.7432 0.4845 0.1644 0.0000 $ 110.00 1.1855 1.0652 0.9229 0.7695 0.5888 0.3690 0.1146 0.0000 $ 120.00 1.0082 0.8993 0.7717 0.6352 0.4772 0.2906 0.0864 0.0000 $ 130.00 0.8666 0.7680 0.6536 0.5323 0.3942 0.2355 0.0694 0.0000 $ 140.00 0.7515 0.6623 0.5596 0.4518 0.3309 0.1954 0.0583 0.0000 $ 150.00 0.6567 0.5759 0.4836 0.3875 0.2815 0.1654 0.0504 0.0000 $ 160.00 0.5775 0.5042 0.4211 0.3354 0.2422 0.1421 0.0444 0.0000 $ 170.00 0.5107 0.4441 0.3691 0.2924 0.2103 0.1236 0.0396 0.0000 $ 180.00 0.4538 0.3932 0.3253 0.2566 0.1840 0.1085 0.0356 0.0000 provided, however, that:

Appears in 2 contracts

Sources: Supplemental Indenture (Alpha Natural Resources, Inc.), Supplemental Indenture (Alpha Natural Resources, Inc.)