##### 








---



##### 



TABLE OF CONTENTS
 PageARTICLE 1Definitions and Incorporation by ReferenceSection 1.01.
    
    Definitions
    
    
    1Section 1.02.
    
    Incorporation by Reference of Trust Indenture Act
    
    
    9Section 1.03.
    
    Rules of Construction
    
    
    10ARTICLE 2The DebenturesSection 2.01.
    
    Designation, Amount and Issuance of Debentures
    
    
    10Section 2.02.
    
    Form of the Debentures
    
    
    11Section 2.03.
    
    Date and Denomination of Debentures; Payment at Maturity; Payment of Interest
    
    
    12Section 2.04.
    
    Execution and Authentication
    
    
    13Section 2.05.
    
    Registrar, Paying Agent and Conversion Agent
    
    
    13Section 2.06.
    
    Paying Agent to Hold Money in Trust
    
    
    14Section 2.07.
    
    Debentureholder Lists
    
    
    14Section 2.08.
    
    Exchange and Registration of Transfer of Debentures; Restrictions on Transfer
    
    
    15Section 2.09.
    
    Replacement Debentures
    
    
    20Section 2.10.
    
    Outstanding Debentures
    
    
    20Section 2.11.
    
    Temporary Debentures
    
    
    21Section 2.12.
    
    Cancellation
    
    
    21Section 2.13.
    
    CUSIP and ISIN Numbers
    
    
    22Section 2.14.
    
    Additional Debentures
    
    
    22ARTICLE 3Redemption and Repurchase of DebenturesSection 3.01.
    
    Optional Redemption of Debentures
    
    
    23Section 3.02.
    
    Notice of Optional Redemption; Selection of Debentures to be Redeemed
    
    
    23Section 3.03.
    
    Payment of Debentures Called for Redemption
    
    
    25Section 3.04.
    
    Repurchase at Option of Holders Upon a Fundamental Change
    
    
    26Section 3.05.
    
    Repurchase of Debentures by the Company at the Option of Holders
    
    
    27Section 3.06.
    
    Company Repurchase Notice; Tender Offer Compliance
    
    
    28Section 3.07.
    
    Effect of Repurchase Notice; Withdrawal
    
    
    30Section 3.08.
    
    Deposit of Repurchase Price
    
    
    31
 i




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##### 



PageSection 3.09.
    
    Debentures Repurchased in Part
    
    
    31ARTICLE 4CovenantsSection 4.01.
    
    Payment of Debentures
    
    
    31Section 4.02.
    
    Maintenance of Office or Agency
    
    
    32Section 4.03.
    
    Rule 144A Information
    
    
    32Section 4.04.
    
    Existence
    
    
    32Section 4.05.
    
    Payment of Taxes and Other Claims
    
    
    33Section 4.06.
    
    Compliance Certificate
    
    
    33Section 4.07.
    
    Further Instruments and Acts
    
    
    33Section 4.08.
    
    Additional Interest Notice
    
    
    33Section 4.09.
    
    Exchange Act Reports
    
    
    34ARTICLE 5Successor CompanySection 5.01.
    
    When Company May Merge or Transfer Assets
    
    
    34Section 5.02.
    
    Successor to be Substituted
    
    
    34Section 5.03.
    
    Opinion of Counsel to be Given to Trustee
    
    
    35ARTICLE 6Defaults and RemediesSection 6.01.
    
    Events of Default
    
    
    35Section 6.02.
    
    Acceleration
    
    
    37Section 6.03.
    
    Other Remedies
    
    
    38Section 6.04.
    
    Waiver of Past Defaults
    
    
    38Section 6.05.
    
    Control by Majority
    
    
    38Section 6.06.
    
    Limitation on Suits
    
    
    38Section 6.07.
    
    Rights of Debentureholders to Receive Payment
    
    
    39Section 6.08.
    
    Collection Suit by Trustee
    
    
    39Section 6.09.
    
    Trustee May File Proofs of Claim
    
    
    40Section 6.10.
    
    Priorities
    
    
    40Section 6.11.
    
    Undertaking for Costs
    
    
    40Section 6.12.
    
    Waiver of Stay, Extension or Usury Laws
    
    
    41Section 6.13.
    
    Alternative Remedy for Failure to Comply with Exchange Act Reporting Obligations
    
    
    41ARTICLE 7TrusteeSection 7.01.
    
    Duties of Trustee
    
    
    41Section 7.02.
    
    Rights of Trustee
    
    
    43Section 7.03.
    
    Individual Rights of Trustee
    
    
    43Section 7.04.
    
    Trustees Disclaimer
    
    
    43
 ii




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##### 



PageSection 7.05.
    
    Notice of Defaults
    
    
    44Section 7.06.
    
    Reports by Trustee to Debentureholders
    
    
    44Section 7.07.
    
    Compensation and Indemnity
    
    
    44Section 7.08.
    
    Replacement of Trustee
    
    
    45Section 7.09.
    
    Successor Trustee by Merger
    
    
    46Section 7.10.
    
    Eligibility; Disqualification
    
    
    46Section 7.11.
    
    Preferential Collection of Claims Against Company
    
    
    46ARTICLE 8Discharge of IndentureSection 8.01.
    
    Discharge of Liability on Debentures
    
    
    47Section 8.02.
    
    Application of Trust Money
    
    
    47Section 8.03.
    
    Repayment to Company
    
    
    47Section 8.04.
    
    Reinstatement
    
    
    48ARTICLE 9AmendmentsSection 9.01.
    
    Without Consent of Debentureholders
    
    
    48Section 9.02.
    
    With Consent of Debentureholders
    
    
    49Section 9.03.
    
    Compliance with Trust Indenture Act
    
    
    50Section 9.04.
    
    Revocation and Effect of Consents and Waivers
    
    
    50Section 9.05.
    
    Notation on or Exchange of Debentures
    
    
    51Section 9.06.
    
    Trustee to Sign Amendments
    
    
    51ARTICLE 10Conversion of DebenturesSection 10.01.
    
    Right to Convert
    
    
    51Section 10.02.
    
    Exercise of Conversion Right;
Issuance of Common Stock on Conversion; No Adjustment for Interest or Dividends
    
    
    54Section 10.03.
    
    Cash Payments in Lieu of Fractional Shares
    
    
    56Section 10.04.
    
    Conversion Rate
    
    
    56Section 10.05.
    
    Adjustment to Conversion Rate upon a Non-Stock Change of Control
    
    
    56Section 10.06.
    
    Adjustment of Conversion Rate
    
    
    58Section 10.07.
    
    Effect of Reclassification, Consolidation, Merger or Sale
    
    
    66Section 10.08.
    
    Taxes on Shares Issued
    
    
    67Section 10.09.
    
    Reservation of Shares, Shares to
be Fully Paid; Compliance with Governmental Requirements; Listing of
Common Stock; Foreign Ownership Restrictions
    
    
    68Section 10.10.
    
    Responsibility of Trustee
    
    
    69Section 10.11.
    
    Notice to Holders Prior to Certain Actions
    
    
    69Section 10.12.
    
    Stockholder Rights Plans
    
    
    70Section 10.13.
    
    Settlement Upon Conversion
    
    
    70Section 10.14.
    
    Settlement in Shares
    
    
    72
 iii




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##### 



PageSection 10.15.
    
    Conversion After a Public Acquirer Change of Control
    
    
    73ARTICLE 11MiscellaneousSection 11.01.
    
    Trust Indenture Act Controls
    
    
    74Section 11.02.
    
    Notices
    
    
    74Section 11.03.
    
    Communication by Debentureholders with Other Debentureholders
    
    
    75Section 11.04.
    
    Certificate and Opinion as to Conditions Precedent
    
    
    75Section 11.05.
    
    Statements Required in Certificate or Opinion
    
    
    75Section 11.06.
    
    When Debentures Disregarded
    
    
    76Section 11.07.
    
    Rules by Trustee, Paying Agent and Registrar
    
    
    76Section 11.08.
    
    Legal Holidays
    
    
    76Section 11.09.
    
    GOVERNING LAW
    
    
    76Section 11.10.
    
    No Recourse Against Others
    
    
    76Section 11.11.
    
    Successors
    
    
    77Section 11.12.
    
    Multiple Originals
    
    
    77Section 11.13.
    
    Table of Contents; Headings
    
    
    77Section 11.14.
    
    Calculations in Respect of the Debentures
    
    
    77
 Exhibit A
    
    
    
    Form of DebentureExhibit B
    
    
    
    Form of Restrictive Legend for Common Stock Issued Upon
Conversion
 iv




---



##### 



Company Trustee
 Debentures
    Definitions and Incorporation by Reference
 . Definitions.
 Additional Interest
 Additional Interest Notice
 Additional Shares
 Affiliate control controlling controlled




---



##### 



Agent Members
 Applicable Consideration
 Bankruptcy Law
 Board of Directors Continuing Directors
 Business Day
 Capital Stock
 Closing Date
 Closing Sale Price
 Code
 Common Stock provided
 2




---



##### 



Company
 Company Repurchase Notice
 Continuing Directors
 Conversion Agent
 Conversion Date
 Conversion Notice
 Conversion Price
 Conversion Rate
 Corporate Trust Office
 Current Market Price
 Custodian
 Daily Conversion Value
 Daily Settlement Amount
 3




---



##### 



Debentureholder Holder
 Debentures
 Default
 Depositary Depositary
 Determination Date
 Distributed Assets
 DTC
 Effective Date
 Event of Default
 ex date
 Exchange Act
 Fair Market Value
 Fiscal Quarter
 Fundamental Change
  4




---



##### 



5




---



##### 



Fundamental Change Repurchase Date
 GAAP
 Global Debenture
 Indebtedness
 Indenture
 Initial Purchasers Initial Purchaser
 interest
 Legal Holiday
 Market Disruption Event
 Maturity Date
 6




---



##### 



Non-Stock Change of Control
 Officer
 Officers Certificate
 Opinion of Counsel
 Paying Agent
 Person
 PORTAL Market
 Principal
 protected purchaser
 Purchase Agreement
 Purchased Shares
 Record Date
 Reference Period
 7




---



##### 



Register
 Registrar
 Registration Rights Agreement
 Repurchase Date
 Repurchase Notice
 Responsible Officer
 Restricted Securities
 Rule 144A
 SEC
 Securities Act
 Significant Subsidiary
 Spin-off
 Spin-off Valuation Period
 Stock Price
 Subsidiary
 8




---



##### 



TIA Trust Indenture Act
 Trading Day
 Trading Price provided provided further
 Trigger Event
 Trustee
 Uniform Commercial Code
 Volume Weighted Average Price
 Wholly Owned Subsidiary
 . Incorporation by Reference of Trust Indenture Act.
 9




---



##### 



Commission
 indenture securities
 indenture security holder
 indenture to be qualified
 indenture trustee institutional trustee
 obligor
  . Rules of Construction.
      The Debentures
 . Designation, Amount and Issuance of Debentures.
 10




---



##### 



. Form of the Debentures.
  Global Debentures
  11




---



##### 



. Date and Denomination of Debentures; Payment at Maturity; Payment of Interest.
   provided
 provided
 12




---



##### 



provided
 . Execution and Authentication.
    . Registrar, Paying Agent and Conversion Agent. Registrar Paying Agent Conversion Agent Register
 13




---



##### 



provided provided
 . Paying Agent to Hold Money in Trust.
 . Debentureholder Lists.
 14




---



##### 



. Exchange and Registration of Transfer of Debentures; Restrictions on Transfer.
       15




---



##### 



provided
 16




---



##### 



Agent Members
   17




---



##### 



Restricted Security Legend
 Restricted Securities
   18




---



##### 



19




---



##### 



. Replacement Debentures. protected purchaser
   . Outstanding Debentures.
 20




---



##### 



. Temporary Debentures.
 . Cancellation.
 21




---



##### 



. CUSIP and ISIN Numbers. provided
 . Additional Debentures. Additional Debentures provided provided further
 22




---



##### 



Redemption and Repurchase of Debentures
 . Optional Redemption of Debentures. provided
 . Notice of Optional Redemption; Selection of Debentures to be Redeemed. provided
  23




---



##### 



provided
   24




---



##### 



. Payment of Debentures Called for Redemption. provided
   25




---



##### 



. Repurchase at Option of Holders Upon a Fundamental Change. Fundamental Change Repurchase Date provided
   Repurchase
Notice
 26




---



##### 



provided
    . Repurchase of Debentures by the Company at the Option of Holders. Repurchase Date provided
  27




---



##### 



provided
    . Company Repurchase Notice; Tender Offer Compliance.
 28




---



##### 



Company Repurchase
Notice
              29




---



##### 



provided
  . Effect of Repurchase Notice; Withdrawal.
     30




---



##### 



. Deposit of Repurchase Price.
  . Debentures Repurchased in Part.
 Covenants
 . Payment of Debentures.
 31




---



##### 



. Maintenance of Office or Agency.
  . Rule 144A Information.
 . Existence. provided
 32




---



##### 



. Payment of Taxes and Other Claims. provided
 . Compliance Certificate.
 . Further Instruments and Acts.
 . Additional Interest Notice. Additional Interest Notice
 33




---



##### 



. Exchange Act Reports.
 Successor Company
 . When Company May Merge or Transfer Assets.
    . Successor to be Substituted.
 34




---



##### 



. Opinion of Counsel to be Given to Trustee.
 Defaults and Remedies
 . Events of Default. Event of Default
    35




---



##### 



36




---



##### 



Bankruptcy Law Custodian
 Notice of Default
  . Acceleration.
 37




---



##### 



. Other Remedies.
  . Waiver of Past Defaults.
 . Control by Majority. provided
 . Limitation on Suits.
  38




---



##### 



. Rights of Debentureholders to Receive Payment.
 . Collection Suit by Trustee.
 39




---



##### 



. Trustee May File Proofs of Claim.
 . Priorities.
     . Undertaking for Costs.
 40




---



##### 



. Waiver of Stay, Extension or Usury Laws.
 . Alternative Remedy for Failure to Comply with Exchange Act Reporting
Obligations.
 Trustee
 . Duties of Trustee.
 41




---



##### 



42




---



##### 



. Rights of Trustee.
       . Individual Rights of Trustee.
 . Trustees Disclaimer.
 43




---



##### 



. Notice of Defaults.
  . Reports by Trustee to Debentureholders.
  . Compensation and Indemnity. provided
 44




---



##### 



provided
   . Replacement of Trustee.
       45




---



##### 



. Successor Trustee by Merger.
  . Eligibility; Disqualification. provided
 . Preferential Collection of Claims Against Company.
 46




---



##### 



Discharge of Indenture
 . Discharge of Liability on Debentures.
  . Application of Trust Money.
 . Repayment to Company.
  47




---



##### 



. Reinstatement. provided
 Amendments
 . Without Consent of Debentureholders.
      provided provided further
 48




---



##### 



provided
    provided
   . With Consent of Debentureholders.
     49




---



##### 



. Compliance with Trust Indenture Act.
 . Revocation and Effect of Consents and Waivers.
 50




---



##### 



. Notation on or Exchange of Debentures.
 . Trustee to Sign Amendments.
 Conversion of Debentures
 . Right to Convert.
 51




---



##### 



52




---



##### 



53




---



##### 



provided
   . Exercise of Conversion Right; Issuance of Common Stock on Conversion; No
Adjustment for Interest or Dividends. Conversion
Notice
  54




---



##### 



Conversion Date provided
 provided
  55




---



##### 



. Cash Payments in Lieu of Fractional Shares.
 . Conversion Rate.
 . Adjustment to Conversion Rate upon a Non-Stock Change of Control. Effective Date Additional Shares Stock Price
 56




---



##### 



Effective Date
    
    Stock Price$
    26.78
    
    
    $
    30.00
    
    
    $
    35.48
    
    
    $
    40.00
    
    
    $
    50.00
    
    
    $
    60.00
    
    
    $
    70.00
    
    
    $
    80.00
    
    
    $
    90.00
    
    
    $
    100.00
    
    
    $
    110.00
    
    
    $
    120.00
    
    
    $
    130.0007/27/2007
    
    
    9.1591
    
    
    
    7.5439
    
    
    
    5.6369
    
    
    
    4.5696
    
    
    
    3.0743
    
    
    
    2.2125
    
    
    
    1.6671
    
    
    
    1.2966
    
    
    
    1.0323
    
    
    
    0.8355
    
    
    
    0.6843
    
    
    
    0.5654
    
    
    
    0.469908/01/2008
    
    
    8.8706
    
    
    
    7.2270
    
    
    
    5.3103
    
    
    
    4.2534
    
    
    
    2.8016
    
    
    
    1.9874
    
    
    
    1.4832
    
    
    
    1.1465
    
    
    
    0.9088
    
    
    
    0.7330
    
    
    
    0.5991
    
    
    
    0.4940
    
    
    
    0.409708/01/2009
    
    
    8.5095
    
    
    
    6.8345
    
    
    
    4.9104
    
    
    
    3.8696
    
    
    
    2.4771
    
    
    
    1.7238
    
    
    
    1.2705
    
    
    
    0.9751
    
    
    
    0.7691
    
    
    
    0.6192
    
    
    
    0.5053
    
    
    
    0.4161
    
    
    
    0.344808/01/2010
    
    
    8.1189
    
    
    
    6.3947
    
    
    
    4.4514
    
    
    
    3.4266
    
    
    
    2.1045
    
    
    
    1.4252
    
    
    
    1.0336
    
    
    
    0.7860
    
    
    
    0.6180
    
    
    
    0.4967
    
    
    
    0.4047
    
    
    
    0.3333
    
    
    
    0.276008/01/2011
    
    
    7.6703
    
    
    
    5.8713
    
    
    
    3.8937
    
    
    
    2.8880
    
    
    
    1.6599
    
    
    
    1.0781
    
    
    
    0.7651
    
    
    
    0.5768
    
    
    
    0.4528
    
    
    
    0.3642
    
    
    
    0.2981
    
    
    
    0.2463
    
    
    
    0.204508/01/2012
    
    
    7.1389
    
    
    
    5.2179
    
    
    
    3.1789
    
    
    
    2.2009
    
    
    
    1.1153
    
    
    
    0.6732
    
    
    
    0.4641
    
    
    
    0.3487
    
    
    
    0.2752
    
    
    
    0.2239
    
    
    
    0.1850
    
    
    
    0.1537
    
    
    
    0.128608/01/2013
    
    
    6.5114
    
    
    
    4.3505
    
    
    
    2.1747
    
    
    
    1.2519
    
    
    
    0.4402
    
    
    
    0.2220
    
    
    
    0.1494
    
    
    
    0.1150
    
    
    
    0.0936
    
    
    
    0.0775
    
    
    
    0.0651
    
    
    
    0.0549
    
    
    
    0.046108/01/2014
    
    
    6.1592
    
    
    
    3.3487
    
    
    
    0.0000
    
    
    
    0.0000
    
    
    
    0.0000
    
    
    
    0.0000
    
    
    
    0.0000
    
    
    
    0.0000
    
    
    
    0.0000
    
    
    
    0.0000
    
    
    
    0.0000
    
    
    
    0.0000
    
    
    
    0.0000
         57




---



##### 



. Adjustment of Conversion Rate.
       58




---



##### 



Distributed Assets
 59




---



##### 



provided
 Reference Period
 Spin-Off
  60




---



##### 



Spin-Off Valuation Period
 Trigger Event
 61




---



##### 



multiplied by
     provided
 62




---



##### 



Expiration Time
 Purchased Shares
    63




---



##### 



Current Market Price provided
  Fair Market Value
 record date
   64




---



##### 



provided
  Determination Date Adjustment Event
 65




---



##### 



multiplied by
 . Effect of Reclassification, Consolidation, Merger or Sale.
    Applicable Consideration
 66




---



##### 



provided
    . Taxes on Shares Issued.
 67




---



##### 



. Reservation of Shares, Shares to be Fully Paid; Compliance with Governmental
Requirements; Listing of Common Stock; Foreign Ownership Restrictions.
    provided
 68




---



##### 



. Responsibility of Trustee.
 . Notice to Holders Prior to Certain Actions.
  69




---



##### 



provided
 . Stockholder Rights Plans.
 . Settlement Upon Conversion.
 70




---



##### 



Settlement Amount
  Conversion Period Conversion Period Conversion Period Conversion Period
 Daily Settlement Amount
   Daily Conversion Value
 71




---



##### 



Volume Weighted Average Price
 . Settlement in Shares. Settlement Shares
  72




---



##### 



. Conversion After a Public Acquirer Change of Control.
       73




---



##### 



Public Acquirer Change of Control Public Acquirer Common Stock provided
 Public Acquirer Common Stock
 Miscellaneous
 . Trust Indenture Act Controls.
 . Notices.
  
  74




---



##### 



. Communication by Debentureholders with Other Debentureholders.
 . Certificate and Opinion as to Conditions Precedent.
   . Statements Required in Certificate or Opinion.
 75




---



##### 



. When Debentures Disregarded.
 . Rules by Trustee, Paying Agent and Registrar.
 . Legal Holidays. Legal Holiday
 . GOVERNING LAW.
 . No Recourse Against Others.
 76




---



##### 



. Successors.
 . Multiple Originals.
 . Table of Contents; Headings.
 . Calculations in Respect of the Debentures.
 77




---



##### 



GLOBAL INDUSTRIES, LTD., as IssuerBy:
    /s/ Peter S. AtkinsonName:
    Peter S. AtkinsonTitle:
    President and Chief Financial OfficerWELLS FARGO BANK, NATIONAL ASSOCIATION, as Trustee,By:
    /s/ Jeffery RoseName:
    Jeffery RoseTitle:
    Vice President 78




---



##### 



EXHIBIT A




---



##### 








---



##### 



No.
    
    $
  
 1   2
      GLOBAL INDUSTRIES, LTD., as IssuerBy:Name:Title:  
 1
    
    Use bracketed language for a Global
Debenture.2
    
    Use bracketed language for Global Debenture.




---



##### 



TRUSTEES CERTIFICATE OF
     AUTHENTICATIONWELLS FARGO BANK, NATIONAL
ASSOCIATION, as Trustee, certifies
that this is one of the Debentures
referred to in the Indenture.By:Authorized Signatory




---



##### 



1.
    
    Interest
    2.
    
    Paying Agent, Registrar and Conversion Agent
  3.
    
    Indenture




---



##### 



5.
    
    Optional Redemption
  6.
    
    Repurchase of Debentures at the Option of Debentureholders
   7.
    
    Conversion




---



##### 



8.
    
    Denominations, Transfer, Exchange
  9.
    
    Persons Deemed Owners
  10.
    
    Defaults and Remedies
  11.
    
    No Recourse Against Others
  12.
    
    Authentication
  13.
    
    Abbreviations




---



##### 



14.
    
    GOVERNING LAW
  15.
    
    CUSIP and ISIN Numbers
  The Company will furnish to any Holder of Debentures upon written request and without charge
to the Holder a copy of the Indenture which has in it the text of this Debenture.




---



##### 



TO:
    
    GLOBAL INDUSTRIES, LTD.
WELLS FARGO BANK, NATIONAL ASSOCIATION, as Trustee
  
 Signature(s)Signature(s) must be guaranteed by an
eligible guarantor institution meeting the
requirements of the Registrar, which
requirements include membership or
participation in the Security Transfer Agent
Medallion Program (STAMP) or such other
signature guarantee program as may be
determined by the Registrar in addition to,
or in substitution for, STAMP, all in
accordance with the Securities Exchange Act
of 1934, as amended.Signature Guarantee




---



##### 








---



##### 



TO:
    
    GLOBAL INDUSTRIES, LTD.
WELLS FARGO BANK, NATIONAL ASSOCIATION, as Trustee
  
 Signature(s):




---



##### 



o
    
    To Global Industries, Ltd. or a subsidiary thereof; oro
    
    To a qualified institutional buyer in compliance with Rule 144A under the Securities Act
of 1933, as amended; oro
    
    Pursuant to and in compliance with Rule 144 under the Securities Act of 1933, as amended;
oro
    
    Pursuant to a Registration Statement which has been declared effective under the
Securities Act of 1933, as amended, and which continues to be effective at the time of
transfer;
  Unless one of the boxes is checked, the Trustee will refuse to register any of the Debentures
evidenced by this certificate in the name of any person other than the registered Holder thereof.




---



##### 



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




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3
  Principal Amount ofAmount of decrease
    
    
    Amount of increase
    
    
    this Global
    
    
    Signature of authorizedin Principal Amount
    
    
    in Principal Amount
    
    
    Debenture following
    
    
    signatory of Trustee orDate
    
    of this Global Debenture
    
    
    of this Global Debenture
    
    
    such decrease or increase
    
    
    Debentures Custodian 
 3
    
    For Global Securities only.




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EXHIBIT B
 FORM OF RESTRICTIVE LEGEND FOR
 COMMON STOCK ISSUED UPON CONVERSION
    B-1




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B-2