As provided in the Indenture for the 3 1/8% Notes, holders may convert their 3 1/8% Notes into WebMD Common Stock at any time prior to 5:00 p.m., Eastern Time, on December 28, 2010. To the extent that holders of the 3 1/8% Notes do not convert their 3 1/8% Notes into WebMD Common Stock, the 3 1/8% Notes will be redeemed for cash on December 30, 2010 at a redemption price of 100.893% of the principal amount thereof, plus accrued and unpaid interest to, but excluding, the redemption date. Any cash required by WebMD for the redemption will come from cash and cash-equivalents on hand.