Indenture dated as of June 21, 2005



 Exhibit 4.1 
  
 EXECUTION COPY 

  
 MSC-MEDICAL SERVICES COMPANY 
  
 as Issuer 
  
 MCP-MSC ACQUISITION, INC. 
  
 as Guarantor 
  
 SENIOR SECURED FLOATING RATE NOTES DUE 2011 
  

  
 Indenture 
  
 Dated as of June 21, 2005 
  

  
 U.S. Bank National Association 
  
 Trustee 
  

  








 CROSS-REFERENCE TABLE* 
  

			
	     Trust Indenture
        Act Section

	  	Indenture Section


	310(a)(1)	  	7.10
	      (a)(2)	  	7.10
	      (a)(3)	  	N.A.
	      (a)(4)	  	N.A.
	      (a)(5)	  	7.10
	      (b)	  	7.10
	      (c)	  	N.A.
	311(a)	  	7.11
	      (b)	  	7.11
	      (c)	  	N.A.
	312(a)	  	2.06
	      (b)	  	13.03
	      (c)	  	13.03
	313(a)	  	7.06
	      (b)(1)	  	7.06
	      (b)(2)	  	7.06, 7.07
	      (c)	  	7.06, 13.02
	      (d)	  	7.06
	314(a)	  	13.05
	      (b)	  	12.04
	      (c)(1)	  	N.A.
	      (c)(2)	  	N.A.
	      (c)(3)	  	N.A.
	      (d)(1)	  	12.06
	      (e)	  	13.05
	      (f)	  	N.A.
	315(a)	  	N.A.
	      (b)	  	N.A.
	      (c)	  	N.A.
	      (d)	  	N.A.
	      (e)	  	N.A.
	316(a)(last sentence)	  	N.A.
	      (a)(1)(A)	  	N.A.
	      (a)(1)(B)	  	6.04
	      (a)(2)	  	N.A.
	      (b)	  	N.A.



	*	N.A. means not applicable. 

  
 This Cross-Reference Table is not part of this Indenture 








			
	     Trust Indenture
         Act Section

	  	Indenture Section


	      (c)	  	13.14
	317(a)(1)	  	N.A.
	      (a)(2)	  	N.A.
	      (b)	  	N.A.
	318(a)	  	N.A.
	      (b)	  	N.A.
	      (c)	  	13.01








  
 TABLE OF CONTENTS

  

					
	 	 	 	  	Page


	 	 	 ARTICLE ONE
 DEFINITIONS AND INCORPORATION
 BY REFERENCE
	  	 
			
	 Section 1.01.
	 	 Definitions
	  	1
	 Section 1.02.
	 	 Other Definitions
	  	26
	 Section 1.03.
	 	 Incorporation by Reference of Trust Indenture Act
	  	26
	 Section 1.04.
	 	 Rules of Construction
	  	27
			
	 	 	 ARTICLE TWO
 THE NOTES
	  	 
			
	 Section 2.01.
	 	 Form and Dating
	  	27
	 Section 2.02.
	 	 Execution and Authentication
	  	28
	 Section 2.03.
	 	 Methods of Receiving Payments on the Notes
	  	29
	 Section 2.04.
	 	 Paying Agent and Registrar for the Notes
	  	29
	 Section 2.05.
	 	 Paying Agent to Hold Money in Trust
	  	30
	 Section 2.06.
	 	 Holder Lists
	  	30
	 Section 2.07.
	 	 Transfer and Exchange
	  	30
	 Section 2.08.
	 	 Replacement Notes
	  	42
	 Section 2.09.
	 	 Outstanding Notes
	  	43
	 Section 2.10.
	 	 Treasury Notes
	  	43
	 Section 2.11.
	 	 Temporary Notes
	  	43
	 Section 2.12.
	 	 Cancellation
	  	43
	 Section 2.13.
	 	 Defaulted Interest
	  	44
	 Section 2.14.
	 	 CUSIP Numbers
	  	44
			
	 	 	 ARTICLE THREE
 REDEMPTION AND OFFERS TO
 PURCHASE
	  	 
			
	 Section 3.01.
	 	 Notices to Trustee
	  	44
	 Section 3.02.
	 	 Selection of Notes to Be Redeemed
	  	45
	 Section 3.03.
	 	 Notice of Redemption
	  	45
	 Section 3.04.
	 	 Effect of Notice of Redemption
	  	46
	 Section 3.05.
	 	 Deposit of Redemption Price
	  	46
	 Section 3.06.
	 	 Notes Redeemed in Part
	  	47
	 Section 3.07.
	 	 Optional Redemption
	  	47
	 Section 3.08.
	 	 Repurchase Offers
	  	47
			
	 	 	 ARTICLE FOUR
 COVENANTS
	  	 
			
	 Section 4.01.
	 	 Payment of Notes
	  	49

  

 i 









					
	 Section 4.02.
	 	Maintenance of Office or Agency	  	50
	 Section 4.03.
	 	Reports	  	50
	 Section 4.04.
	 	Compliance Certificate	  	52
	 Section 4.05.
	 	Taxes	  	52
	 Section 4.06.
	 	Stay, Extension and Usury Laws	  	52
	 Section 4.07.
	 	Restricted Payments	  	53
	 Section 4.08.
	 	Dividend and Other Payment Restrictions Affecting Restricted Subsidiaries	  	57
	 Section 4.09.
	 	Incurrence of Indebtedness	  	59
	 Section 4.10.
	 	Asset Sales	  	62
	 Section 4.11.
	 	Transactions with Affiliates	  	63
	 Section 4.12.
	 	Liens	  	65
	 Section 4.13.
	 	Business Activities	  	65
	 Section 4.14.
	 	Offer to Repurchase upon a Change of Control	  	65
	 Section 4.15.
	 	Designation of Restricted and Unrestricted Subsidiaries	  	66
	 Section 4.16.
	 	Payments for Consent	  	68
	 Section 4.17.
	 	Limitation on Issuances of Guarantees of Indebtedness	  	68
	 Section 4.18.
	 	Sale and Leaseback Transactions	  	70
	 Section 4.19.
	 	Limitation on Issuances and Sales of Equity Interests in Restricted Subsidiaries	  	70
	 Section 4.20.
	 	Insurance	  	70
			
	 	 	ARTICLE FIVE	  	 
	 	 	SUCCESSORS	  	 
			
	 Section 5.01.
	 	Merger, Consolidation or Sale of Assets	  	71
	 Section 5.02.
	 	Successor Corporation Substituted	  	72
			
	 	 	ARTICLE SIX	  	 
	 	 	DEFAULTS AND REMEDIES	  	 
			
	 Section 6.01.
	 	Events of Default	  	72
	 Section 6.02.
	 	Acceleration	  	74
	 Section 6.03.
	 	Other Remedies	  	75
	 Section 6.04.
	 	Waiver of Past Defaults	  	75
	 Section 6.05.
	 	Control by Majority	  	75
	 Section 6.06.
	 	Limitation on Suits	  	76
	 Section 6.07.
	 	Rights of Holders of Notes to Receive Payment	  	76
	 Section 6.08.
	 	Collection Suit by Trustee	  	76
	 Section 6.09.
	 	Trustee May File Proofs of Claim	  	76
	 Section 6.10.
	 	Priorities	  	77
	 Section 6.11.
	 	Undertaking for Costs	  	77
			
	 	 	ARTICLE SEVEN	  	 
	 	 	TRUSTEE	  	 
			
	 Section 7.01.
	 	Duties of Trustee	  	78
	 Section 7.02.
	 	Certain Rights of Trustee	  	79
	 Section 7.03.
	 	Individual Rights of Trustee	  	80

  

 ii 









					
	 Section 7.04.
	 	Trustee’s Disclaimer	  	80
	 Section 7.05.
	 	 Notice of Defaults
	  	80
	 Section 7.06.
	 	 Reports by Trustee to Holders of the Notes
	  	80
	 Section 7.07.
	 	 Compensation and Indemnity
	  	81
	 Section 7.08.
	 	 Replacement of Trustee
	  	81
	 Section 7.09.
	 	 Successor Trustee by Merger, Etc.
	  	82
	 Section 7.10.
	 	 Eligibility; Disqualification
	  	83
	 Section 7.11.
	 	 Preferential Collection of Claims Against Company
	  	83
			
	 	 	ARTICLE EIGHT	  	 
	 	 	DEFEASANCE AND COVENANT DEFEASANCE	  	 
			
	 Section 8.01.
	 	 Option to Effect Legal Defeasance or Covenant Defeasance
	  	83
	 Section 8.02.
	 	 Legal Defeasance and Discharge
	  	83
	 Section 8.03.
	 	 Covenant Defeasance
	  	84
	 Section 8.04.
	 	 Conditions to Legal or Covenant Defeasance
	  	84
	 Section 8.05.
	 	 Deposited Money and Government Securities to Be Held in Trust; Other Miscellaneous Provisions
	  	86
	 Section 8.06.
	 	 Repayment to the Company
	  	86
	 Section 8.07.
	 	 Reinstatement
	  	87
			
	 	 	ARTICLE NINE	  	 
	 	 	AMENDMENT, SUPPLEMENT AND WAIVER	  	 
			
	 Section 9.01.
	 	 Without Consent of Holders of Notes
	  	87
	 Section 9.02.
	 	 With Consent of Holders of Notes
	  	88
	 Section 9.03.
	 	 Compliance with Trust Indenture Act
	  	90
	 Section 9.04.
	 	 Revocation and Effect of Consents
	  	90
	 Section 9.05.
	 	 Notation on or Exchange of Notes
	  	90
	 Section 9.06.
	 	 Trustee to Sign Amendments, Etc.
	  	91
			
	 	 	ARTICLE TEN	  	 
	 	 	NOTE GUARANTEES	  	 
			
	 Section 10.01.
	 	 Guarantee
	  	91
	 Section 10.02.
	 	 Limitation on Guarantor Liability
	  	92
	 Section 10.03.
	 	 Note Guarantee Under Indenture
	  	92
	 Section 10.04.
	 	 Release of Guarantor
	  	93
			
	 	 	ARTICLE ELEVEN	  	 
	 	 	SATISFACTION AND DISCHARGE	  	 
			
	 Section 11.01.
	 	 Satisfaction and Discharge
	  	93
	 Section 11.02.
	 	 Deposited Money and Government Securities to Be Held in Trust; Other Miscellaneous Provisions
	  	94
	 Section 11.03.
	 	 Repayment to the Company
	  	95

  

 iii 









					
	 	 	ARTICLE TWELVE	  	 
	 	 	COLLATERAL DOCUMENTS AND SECURITY	  	 
			
	 Section 12.01.
	 	 Rights of the Trustee
	  	95
	 Section 12.02.
	 	 Collateral Documents
	  	96
	 Section 12.03.
	 	 Application of Proceeds of Collateral
	  	96
	 Section 12.04.
	 	 Possession, Use and Release of Collateral
	  	96
	 Section 12.05.
	 	 Opinion of Counsel
	  	98
	 Section 12.06.
	 	 Further Assurances
	  	98
	 Section 12.07.
	 	 Certain TIA Requirements
	  	99
	 Section 12.08.
	 	 Suits to Protect the Collateral
	  	99
	 Section 12.09.
	 	 Purchaser Protected
	  	99
	 Section 12.10.
	 	 Powers Exercisable by Receiver or Trustee
	  	100
	 Section 12.11.
	 	 Release of Note Liens
	  	100
			
	 	 	ARTICLE THIRTEEN	  	 
	 	 	MISCELLANEOUS	  	 
			
	 Section 13.01.
	 	 Trust Indenture Act Controls
	  	100
	 Section 13.02.
	 	 Notices
	  	101
	 Section 13.03.
	 	 Communication by Holders of Notes with Other Holders of Notes
	  	102
	 Section 13.04.
	 	 Certificate and Opinion as to Conditions Precedent
	  	102
	 Section 13.05.
	 	 Statements Required in Certificate or Opinion
	  	102
	 Section 13.06.
	 	 Rules by Trustee and Agents
	  	103
	 Section 13.07.
	 	 No Personal Liability of Directors, Officers, Employees and Stockholders
	  	103
	 Section 13.08.
	 	 Governing Law
	  	103
	 Section 13.09.
	 	 Consent to Jurisdiction
	  	103
	 Section 13.10.
	 	 No Adverse Interpretation of Other Agreements
	  	103
	 Section 13.11.
	 	 Successors
	  	103
	 Section 13.12.
	 	 Severability
	  	104
	 Section 13.13.
	 	 Counterpart Originals
	  	104
	 Section 13.14.
	 	 Acts of Holders
	  	104
	 Section 13.15.
	 	 Benefit of Indenture
	  	105
	 Section 13.16.
	 	 Table of Contents, Headings, Etc.
	  	105

  

 iv 








  
 EXHIBITS 

 

			
	 Exhibit A
	  	FORM OF NOTE
		
	 Exhibit B
	  	FORM OF CERTIFICATE OF TRANSFER
		
	 Exhibit C
	  	FORM OF CERTIFICATE OF EXCHANGE
		
	 Exhibit D
	  	FORM OF SUPPLEMENTAL INDENTURE TO BE DELIVERED BY SUBSEQUENT SUBSIDIARY GUARANTORS

  

 v 








 INDENTURE dated as of June 21, 2005 among MSC-Medical Services Company, a Florida
corporation, as issuer, MCP-MSC Acquisition, Inc., a Delaware corporation, as guarantor, and U.S. Bank National Association, a national banking association, as trustee. 
  
 The Company has duly authorized the execution and delivery of this Indenture to provide for the issuance from time to time
of its Senior Secured Floating Rate Notes due 2011 to be issued in one or more series as provided in this Indenture. All things necessary to make this Indenture a valid agreement of the Company, in accordance with its terms, have been done.

  
 The Company (as defined below), Holdings (as defined below)
and the Trustee (as defined below) agree as follows for the benefit of each other and for the equal and ratable benefit of the Holders (as defined below) of the Company’s Senior Secured Floating Rate Notes due 2011: 
  
 ARTICLE ONE 
 DEFINITIONS AND INCORPORATION 
 BY REFERENCE 
  
 Section 1.01. Definitions. 
  
 “144A Global Note” means a global note substantially in the
form of Exhibit A bearing the Global Note Legend and the Private Placement Legend and deposited with or on behalf of, and registered in the name of, the Depositary or its nominee, that shall be issued in a denomination equal to the
outstanding principal amount of the Notes sold in reliance on Rule 144A. 
  
 “Acquisition” means the transactions contemplated by the Stock Purchase Agreement. 
  
 “Additional Interest” means all additional interest owing on the Notes pursuant to Section 5 of the Registration Rights Agreement.

  
 “Additional Notes” means an unlimited maximum
aggregate principal amount of Notes (other than the Notes issued on the date hereof) issued under this Indenture in accordance with Sections 2.02 and 4.09. 
  
 “Affiliate” of any specified Person means (1) any other Person directly or indirectly controlling or controlled by or under direct
or indirect common control with such specified Person or (2) any executive officer or director of such specified Person. For purposes of this definition, “control,” as used with respect to any Person, will mean the possession,
directly or indirectly, of the power to direct or cause the direction of the management or policies of such Person, whether through the ownership of voting securities, by agreement or otherwise; provided that beneficial ownership of 10% or
more of the Voting Stock of a Person will be deemed to be control. For purposes of this definition, the terms “controlling,” “controlled by” and “under common control with” will have correlative meanings. 
  
 “Agent” means any Registrar or Paying Agent. 
  

 1 








 “Applicable Procedures” means, with respect to any transfer or exchange of or for
beneficial interests in any Global Note, the rules and procedures of the Depositary, Euroclear and Clearstream that apply to such transfer or exchange. 
  
 “Asset Sale” means: 
  
 (1) the sale, lease, conveyance or other disposition of any assets, other than a transaction governed by Sections 4.14
and/or 5.01; and 
  
 (2) the issuance of
Equity Interests by any of the Company’s Restricted Subsidiaries or the sale by the Company or any Restricted Subsidiary thereof of Equity Interests in any of its Subsidiaries (other than directors’ qualifying shares and shares issued to
foreign nationals to the extent required by applicable law). 
  
 Notwithstanding the preceding, the following items will be deemed not to be Asset Sales: 
  
 (1) any single transaction or series of related transactions that involves assets or Equity Interests having a Fair Market Value of less
than $2.0 million; 
  
 (2) a transfer of assets
or Equity Interests between or among the Company and its Restricted Subsidiaries; 
  
 (3) an issuance of Equity Interests by a Restricted Subsidiary of the Company to the Company or to another Restricted Subsidiary;

  
 (4) the sale, licensing or lease of
equipment, inventory, products, intellectual property, services, accounts receivable or other assets in the ordinary course of business; 
  
 (5) the sale or other disposition of Cash Equivalents; 
  
 (6) dispositions of accounts receivable in connection with the compromise, settlement or collection thereof
in the ordinary course of business or in bankruptcy or similar proceedings; 
  
 (7) a Restricted Payment that is permitted by Section 4.07 and any Permitted Investment; 
  
 (8) any sale or disposition of any property or equipment that has become damaged, worn out or obsolete; and 
  
 (9) the creation of a Lien not prohibited by this Indenture.

  
 “Attributable Debt” in respect of a Sale and
Leaseback Transaction means, at the time of determination, the present value of the obligation of the lessee for net rental payments during the remaining term of the lease included in such Sale and Leaseback Transaction, including any period for
which such lease has been extended or may, at the option of the lessor, be extended. Such present value shall be calculated using a discount rate equal to the rate of interest implicit in such transaction, determined in accordance with GAAP.

  

 2 








 “Bankruptcy Law” means title 11 of the United States Code or any similar federal or
state law for the relief of debtors. 
  
 “Beneficial
Owner” has the meaning assigned to such term in Rule 13d-3 and Rule 13d-5 under the Exchange Act, except that in calculating the beneficial ownership of any particular “person” (as that term is used in Section 13(d)(3) of the
Exchange Act), such “person” shall be deemed to have beneficial ownership of all securities that such “person” has the right to acquire by conversion or exercise of other securities, whether such right is currently exercisable or
is exercisable only upon the occurrence of a subsequent condition. The terms “Beneficially Owns” and “Beneficially Owned” shall have a corresponding meaning. 
  
 “Board of Directors” means (i) with respect to a corporation, the board of directors of the
corporation or, except in the context of the definitions of “Change of Control” and “Continuing Directors”, a duly authorized committee thereof; (ii) with respect to a partnership, the board of directors of the general
partner of the partnership; and (iii) with respect to any other Person, the board or committee of such Person serving a similar function. 
  
 “Board Resolution” means a resolution certified by the Secretary or an Assistant Secretary of any Person to have been duly adopted by the
Board of Directors of such Person and to be in full force and effect on the date of such certification. 
  
 “Business Day” means any day other than a Legal Holiday. 
  
 “Capital Lease Obligation” means, at the time any determination thereof is to be made, the amount of the
liability in respect of a capital lease that would at that time be required to be capitalized on a balance sheet in accordance with GAAP. 
  
 “Capital Stock” means (i) in the case of a corporation, corporate stock; (ii) in the case of an association or business entity,
any and all shares, interests, participations, rights or other equivalents (however designated) of corporate stock; (iii) in the case of a partnership or limited liability company, partnership or membership interests (whether general or
limited); and (iv) any other interest or participation that confers on a Person the right to receive a share of the profits and losses of, or distributions of assets of, the issuing Person. 
  
 “Cash Equivalents” means: 
  
 (1) United States dollars; 
  
 (2) securities issued or directly and fully guaranteed or
insured by the United States government or any agency or instrumentality thereof (provided that the full faith and credit of the United States is pledged in support thereof), maturing, unless such securities are deposited to defease any
Indebtedness, not more than one year from the date of acquisition; 
  
 (3) certificates of deposit and eurodollar time deposits with maturities of one year or less from the date of acquisition, bankers’ acceptances with maturities not exceeding 12 months and overnight bank deposits,
in each case, with any domestic commercial bank having capital and surplus in excess of $500.0 million and a rating at 

  

 3 








 
the time of acquisition thereof of P-1 or better from Moody’s Investors Service, Inc. or A-1 or better from Standard & Poor’s Rating
Services; 
  
 (4) repurchase obligations with a
term of not more than 30 days for underlying securities of the types described in clauses (2) and (3) above entered into with any financial institution meeting the qualifications specified in clause (3) above; 
  
 (5) commercial paper having the highest rating obtainable
from Moody’s Investors Service, Inc. or Standard & Poor’s Rating Services and in each case maturing within 12 months after the date of acquisition; 
  
 (6) securities issued and fully guaranteed by any state, commonwealth or territory of the United States of
America, or by any political subdivision or taxing authority thereof, rated at least “A” by Moody’s Investors Service, Inc. or Standard & Poor’s Rating Services and having maturities of not more than six months from the
date of acquisition; and 
  
 (7) money market
funds substantially all of the assets of which constitute Cash Equivalents of the kinds described in clauses (1) through (6) of this definition. 
  
 “Change of Control” means the occurrence of any of the following: 
  
 (1) the direct or indirect sale, transfer, conveyance or other disposition (other than by way of merger or
consolidation), in one or a series of related transactions, of all or substantially all of the properties or assets of the Company and its Restricted Subsidiaries, taken as a whole, to any “person” (as that term is used in
Section 13(d)(3) of the Exchange Act) other than the Principals; 
  
 (2) the adoption of a plan relating to the liquidation or dissolution of the Company; 
  
 (3) prior to the first public offering of Common Stock of the Company or any Parent, the Principals cease to be the Beneficial Owners,
directly or indirectly, of a majority in the aggregate of the total voting power of the Voting Stock of the Company, on a fully diluted basis, whether as a result of issuance of securities of the Company or such Parent, any merger, consolidation,
liquidation or dissolution of the Company or such Parent, or any direct or indirect transfer of securities by the Company or such Parent; 
  
 (4) on and following the first public offering of Common Stock of the Company or any Parent, any “person” or “group”
(as such terms are used in Sections 13(d) and 14(d) of the Exchange Act), other than the Principals, becomes the Beneficial Owner, directly or indirectly, of 50% or more of the voting power of the Voting Stock of the Company; 

 
 (5) the first day on which a majority of the members of
the Board of Directors of the Company are not Continuing Directors; 
  

 4 








 (6) the Company consolidates with, or merges with or into, any Person, or any Person
consolidates with, or merges with or into the Company, in any such event pursuant to a transaction in which any of the outstanding Voting Stock of the Company or such other Person is converted into or exchanged for cash, securities or other
property, other than any such transaction where (A) the Voting Stock of the Company outstanding immediately prior to such transaction is converted into or exchanged for Voting Stock (other than Disqualified Stock) of the surviving or transferee
Person constituting a majority of the outstanding shares of such Voting Stock of such surviving or transferee Person (immediately after giving effect to such issuance) and (B) (i) prior to the first public offering of Common Stock of the
Company or any Parent, immediately after such transaction, the Principals are the Beneficial Owners, directly or indirectly, of a majority in the aggregate of the total voting power of the Voting Stock of such surviving or transferee Person and
(ii) on and following the first public offering of Common Stock of the Company or any Parent, immediately after such transaction, no “person” or “group” (as such terms are used in Sections 13(d) and 14(d) of the
Exchange Act), other than the Principals, becomes, directly or indirectly, the Beneficial Owner of 50% or more of the voting power of the Voting Stock of the surviving or transferee Person; or 
  
 (7) Holdings no longer owns 100% of the Equity Interests of
the Company (unless Holdings and the Company are merged). 
  
 “Clearstream” means Clearstream Banking S.A. and any successor thereto. 
  
 “Collateral” means all of the “Collateral” referred to in the Collateral Documents and all of the other property and assets
that are or are intended under the terms of this Indenture and the Collateral Documents to be subject to Liens in favor of the Trustee for the benefit of the Holders. 
  
 “Collateral Documents” means, collectively, the Second Lien Security Agreement, each of the Mortgages,
collateral assignments, security agreement supplements, security agreements, intellectual property security agreements, pledge agreements or other similar agreements delivered to the Trustee pursuant to this Indenture and the Second Lien Security
Agreement, and each of the other agreements, instruments, or documents that creates or purports to create a Lien in favor of the Trustee for the benefit of the Holders. 
  
 “Collateral Agent” means the Trustee, as collateral agent under the Collateral Documents, and/or any other
collateral agent or trustee appointed in accordance with the terms of Section 12.01. 
  
 “Commission” means the United States Securities and Exchange Commission. 
  
 “Common Stock” means, with respect to any Person, any Capital Stock (other than Preferred Stock) of such Person, whether outstanding on
the Issue Date or issued thereafter. 
  
 “Company” means MSC-Medical Services Company, a Florida corporation, until a successor replaces it pursuant to Article Five and thereafter means the successor. 
  

 5 








 “Company Tax Benefits” has the meaning specified in Section 12.01 of the Stock
Purchase Agreement. 
  
 “Consolidated Cash Flow”
means, with respect to any specified Person for any period, the Consolidated Net Income of such Person for such period plus: 
  
 (1) provision for taxes based on income or profits of such Person and its Restricted Subsidiaries for such period, to the extent that such
provision for taxes was deducted in computing such Consolidated Net Income; plus 
  
 (2) Fixed Charges of such Person and its Restricted Subsidiaries for such period, to the extent that any such Fixed Charges were deducted
in computing such Consolidated Net Income; plus  
  
 (3) depreciation, amortization (including amortization of intangibles but excluding amortization of prepaid cash expenses that were paid in a prior period) and other non-cash expenses (excluding any such non-cash
expense to the extent that it represents an accrual of or reserve for cash expenses in any future period or amortization of a prepaid cash expense that was paid in a prior period) of such Person and its Restricted Subsidiaries for such period to the
extent that such depreciation, amortization and other non-cash expenses were deducted in computing such Consolidated Net Income; minus 
  
 (4) non-cash items increasing such Consolidated Net Income for such period, other than the accrual of revenue consistent with past
practice; 
  
 in each case, on a consolidated basis and determined in accordance
with GAAP. 
  
 Notwithstanding the preceding, the provision for
taxes based on the income or profits of, the Fixed Charges of and the depreciation and amortization and other non-cash expenses of a Restricted Subsidiary of the specified Person will be added to Consolidated Net Income to compute Consolidated Cash
Flow of such Person (A) in the same proportion that the Net Income of such Restricted Subsidiary was added to compute such Consolidated Net Income of such Person and (B) only to the extent that a corresponding amount would be permitted at
the date of determination to be dividended or distributed to such Person by such Restricted Subsidiary without prior governmental approval (that has not been obtained), and without direct or indirect restriction then in effect pursuant to the terms
of its charter and all agreements, instruments, judgments, decrees, orders, statutes, rules and governmental regulations applicable to that Subsidiary or its stockholders. 
  
 “Consolidated Net Income” means, with respect to any specified Person for any period, the aggregate of the
Net Income of such Person and its Subsidiaries for such period, on a consolidated basis, determined in accordance with GAAP; provided that: 
  
 (1) the Net Income of any Person that is not a Restricted Subsidiary or that is accounted for by the equity method of accounting will be
included only to the extent of the amount of dividends or distributions paid in cash to the specified Person or a Restricted Subsidiary thereof (and if such Net Income is a loss, it will be included only to 

  

 6 








 
the extent that such loss has been funded with cash by the specified Person or a Restricted Subsidiary of such Person); 
  
 (2) the Net Income of any Restricted Subsidiary will be
excluded to the extent that the declaration or payment of dividends or similar distributions by that Restricted Subsidiary of that Net Income is not at the date of determination permitted without any prior governmental approval (that has not been
obtained) or, directly or indirectly, under restrictions then in effect under the terms of its charter or any agreement, instrument, judgment, decree, order, statute, rule or governmental regulation applicable to that Restricted Subsidiary or its
equityholders; provided, however, that Consolidated Net Income will be increased by the amount of dividends or other distributions or other payments actually paid in cash (or to the extent converted into cash) to the Company or any
Restricted Subsidiary of the Company in respect of such period, to the extent not already included therein; 
  
 (3) the Net Income of any Person acquired during the specified period for any period prior to the date of such acquisition will be
excluded; 
  
 (4) the cumulative effect of a
change in accounting principles will be excluded; 
  
 (5) notwithstanding clause (1) above, the Net Income or loss of any Unrestricted Subsidiary will be excluded, whether or not distributed to the specified Person or one of its Subsidiaries; 
  
 (6) non-cash compensation charges or other non-cash expenses
or charges arising from the grant of or issuance or repricing of stock, stock options or other equity-based awards to the directors, officers and employees of the Company and its Restricted Subsidiaries will be excluded; 
  
 (7) any impairment charge or asset write-off pursuant to FAS
142 and FAS 144 will be excluded; 
  
 (8) any
non-cash FAS 133 income (or loss) related to hedging activities will be excluded; 
  
 (9) any inventory purchase accounting adjustments and any increase in amortization or depreciation or other non-cash charges, in each
case, resulting from the application of GAAP purchase accounting in relation to the Acquisition, net of taxes, will be excluded; 
  
 (10) any charge or expense incurred as a result of the write-off of deferred financing costs related to the Senior Secured Term Loan
Facility will be excluded; and 
  
 (11) the
amount of any dividends or other distributions paid to Holdings during such period pursuant to clause (xv) of Section 4.07(b) shall be deemed to be an expense and deducted as such. 
  

 7 








 “Continuing Director” means, as of any date of determination, any member of the Board of
Directors of the Company who: 
  
 (1) was a
member of such Board of Directors on the Issue Date; or 
  
 (2) was nominated for election or elected to such Board of Directors with the approval of a majority of the Continuing Directors who were members of such Board of Directors at the time of such nomination or election.

  
 “Corporate Trust Office of the Trustee” shall
be at the address of the Trustee specified in Section 13.02 or such other address as to which the Trustee may give notice to the Company. 
  
 “Credit Agreement” means that certain Revolving Credit Agreement, dated as of March 31, 2005, by and among the Company, Holdings,
Bank of America, N.A., as administrative agent, and the other lenders party thereto from time to time, including any related notes, Guarantees, collateral documents, instruments and agreements executed in connection therewith, and in each case as
amended, restated, modified, renewed, refunded, replaced or refinanced from time to time, regardless of whether such amendment, restatement, modification, renewal, refunding, replacement or refinancing is with the same financial institutions or
otherwise. 
  
 “Credit Facilities” means one or
more debt facilities (including, without limitation, the Credit Agreement and Additional Notes, commercial paper facilities or indentures, in each case, with banks or other institutional lenders or a trustee, providing for revolving credit loans,
term loans, receivables financing (including through the sale of receivables to such lenders or to special purpose entities formed to borrow from such lenders against such receivables), letters of credit or issuances of notes, in each case, as
amended, restated, modified, renewed, refunded, replaced or refinanced in whole or in part from time to time. 
  
 “Custodian” means the Trustee, as custodian with respect to the Notes in global form, or any successor entity thereto. 
  
 “Default” means any event that is, or with the passage of
time or the giving of notice or both would be, an Event of Default. 
  
 “Definitive Note” means a certificated Note registered in the name of the Holder thereof and issued in accordance with Section 2.07 substantially in the form of Exhibit A, except that such Note shall not bear
the Global Note Legend and shall not have the “Schedule of Exchanges of Interests in the Global Note” attached thereto. 
  
 “Depositary” means, with respect to the Notes issuable or issued in whole or in part in global form, the Person specified in
Section 2.04 as the Depositary with respect to the Notes, and any and all successors thereto appointed as depositary hereunder and having become such pursuant to Section 2.07(a). 
  
 “Designated Non-Cash Consideration” means the Fair Market
Value of non-cash consideration received by the Company or one of its Restricted Subsidiaries in 

  

 8 








 
connection with an Asset Sale that is so designated as Designated Non-Cash Consideration pursuant to an Officer’s Certificate, setting forth the basis
of such valuation, executed by the principal executive officer or the principal financial officer of the Company, less the amount of cash or cash equivalents received in connection with a sale of such Designated Non-Cash Consideration. 

 
 “Disqualified Stock” means any Capital Stock that, by its
terms (or by the terms of any security into which it is convertible, or for which it is exchangeable, in each case at the option of the holder thereof), or upon the happening of any event, matures or is mandatorily redeemable, pursuant to a sinking
fund obligation or otherwise, or redeemable at the option of the holder thereof, in whole or in part, on or prior to the date that is 91 days after the date on which the Notes mature. Notwithstanding the preceding sentence, any Capital Stock
that would constitute Disqualified Stock solely because the holders thereof have the right to require the Company to repurchase such Capital Stock upon the occurrence of a change of control or an asset sale will not constitute Disqualified Stock if
the terms of such Capital Stock provide that the Company may not repurchase or redeem any such Capital Stock pursuant to such provisions unless such repurchase or redemption complies with Section 4.07. The term “Disqualified Stock”
shall also include any options, warrants or other rights that are convertible into Disqualified Stock or that are redeemable at the option of the holder, or required to be redeemed, prior to the date that is 91 days after the date on which the
Notes mature. 
  
 “Domestic Subsidiary” means,
with respect to any specific Person, any Restricted Subsidiary of such Person other than a Restricted Subsidiary that is (1) a “controlled foreign corporation” under Section 957 of the Internal Revenue Code (a) whose primary
operating assets are located outside the United States and (b) that is not subject to tax under Section 882(a) of the Internal Revenue Code because of a trade or business within the United States or (2) a Subsidiary of an entity
described in the preceding clause (1). 
  
 “Equity
Interests” means Capital Stock and all warrants, options or other rights to acquire Capital Stock (but excluding any debt security that is convertible into, or exchangeable for, Capital Stock). 
  
 “Equity Offering” means an offer and sale of Capital Stock
(other than Disqualified Stock) of the Company or any Parent pursuant to a registration statement that has been declared effective by the Commission pursuant to the Securities Act (other than a registration statement on Form S-8 or otherwise
relating to equity securities issuable under any employee benefit plan of the Company), so long as, in the case of any such sale or offer of Capital Stock of any Parent, the resulting net proceeds are contributed to the common equity of the Company
prior to the consummation of any redemption of Notes pursuant to Section 3.07(a). 
  
 “Euroclear” means Euroclear Bank S.A./N.V., as operator of the Euroclear system, and any successor thereto. 
  
 “Exchange Act” means the Securities Exchange Act of 1934, as amended. 
  
 “Exchange Notes” means the Notes issued in the Exchange Offer in accordance with Section 2.07(f).

  

 9 








 “Exchange Offer” has the meaning set forth in Section 1 of the Registration Rights
Agreement. 
  
 “Exchange Offer Registration
Statement” has the meaning set forth in Section 1 of the Registration Rights Agreement. 
  
 “Existing Indebtedness” means the aggregate amount of Indebtedness of the Company and its Restricted Subsidiaries (other than
Indebtedness under the Credit Agreement or under the Notes and the related Note Guarantees) in existence on the Issue Date after giving effect to the application of the proceeds of (1) the Notes and (2) any borrowings made under the Credit
Agreement on the Issue Date, until such amounts are repaid. 
  
 “Fair Market Value” means the price that would be paid in an arm’s-length transaction between an informed and willing seller under no compulsion to sell and an informed and willing buyer under no compulsion to buy, as
determined in good faith by the Board of Directors of the Company, whose determination, unless otherwise specified below, will be conclusive if evidenced by a Board Resolution. Notwithstanding the foregoing, (1) the Board of Directors’
determination of Fair Market Value must be evidenced by a Board Resolution if the Fair Market Value exceeds $1.0 million and (2) the Board of Directors’ determination of Fair Market Value must be based upon an opinion or appraisal issued
by an accounting, appraisal or investment banking firm of national standing if the Fair Market Value exceeds $10.0 million. 
  
 “Fixed Charges” means, with respect to any specified Person for any period, the sum, without duplication, of: 
  
 (1) the consolidated interest expense of such Person and its
Restricted Subsidiaries for such period, whether paid or accrued, including, without limitation, amortization of original issue discount, non-cash interest payments, the interest component of any deferred payment obligations, the interest component
of all payments associated with Capital Lease Obligations, imputed interest with respect to Attributable Debt, commissions, discounts and other fees and charges incurred in respect of letter of credit or bankers’ acceptance financings, and net
of the effect of all payments made or received pursuant to Hedging Obligations, but excluding any charges and expenses relating to the amortization or write-off of deferred financing costs of Indebtedness; plus 
  
 (2) the consolidated interest of such Person and its
Restricted Subsidiaries that was capitalized during such period; plus 
  
 (3) any interest expense on Indebtedness of another Person that is Guaranteed by such Person or one of its Restricted Subsidiaries or secured by a Lien on assets of such Person or one of its Restricted Subsidiaries,
whether or not such Guarantee or Lien is called upon; plus 
  
 (4) the product of (a) all dividends, whether paid or accrued and whether or not in cash, on any series of Disqualified Stock or Preferred Stock of such Person or any of its Restricted Subsidiaries, other than
dividends on Equity Interests payable solely in Equity Interests (other than Disqualified Stock) of such Person or to such Person or a Restricted Subsidiary of such Person, times (b) a fraction, the numerator of which is one 

  

 10 








 
and the denominator of which is one minus the then current combined federal, state and local statutory tax rate of such Person (if such Person is part of a
consolidated group, then such tax rate shall be computed on a standalone basis for such Person), expressed as a decimal; plus 
  
 (5) the amount of dividends and other distributions paid to Holdings during such period pursuant to clause (xv) of
Section 4.07(b), 
  
 in each case, on a consolidated basis and in accordance
with GAAP. 
  
 “Fixed Charge Coverage Ratio”
means, with respect to any specified Person for any period, the ratio of the Consolidated Cash Flow of such Person for such period to the Fixed Charges of such Person for such period. In the event that the specified Person or any of its Restricted
Subsidiaries Incurs, repays, repurchases or redeems any Indebtedness or issues, repurchases or redeems Preferred Stock subsequent to the commencement of the period for which the Fixed Charge Coverage Ratio is being calculated and on or prior to the
date on which the event for which the calculation of the Fixed Charge Coverage Ratio is made (the “Calculation Date”), then the Fixed Charge Coverage Ratio will be calculated giving pro forma effect to such Incurrence, repayment,
repurchase or redemption of Indebtedness, or such issuance, repurchase or redemption of Preferred Stock, and the use of the proceeds therefrom as if the same had occurred at the beginning of such period. 
  
 In addition, for purposes of calculating the Fixed Charge Coverage Ratio:

  
 (1) acquisitions and dispositions of business
entities or property and assets constituting a division or line of business of any Person that have been made by the specified Person or any of its Restricted Subsidiaries, including through mergers or consolidations, during the four-quarter
reference period or subsequent to such reference period and on or prior to the Calculation Date will be given pro forma effect as if they had occurred on the first day of the four-quarter reference period and Consolidated Cash Flow for such
reference period will be calculated on a pro forma basis in accordance with Regulation S-X under the Securities Act, but without giving effect to clause (3) of the proviso set forth in the definition of Consolidated Net Income; 
  
 (2) the Consolidated Cash Flow attributable to discontinued
operations, as determined in accordance with GAAP, will be excluded; 
  
 (3) the Fixed Charges attributable to discontinued operations, as determined in accordance with GAAP will be excluded, but only to the extent that the obligations giving rise to such Fixed Charges will not be
obligations of the specified Person or any of its Restricted Subsidiaries following the Calculation Date; and 
  
 (4) consolidated interest expense attributable to interest on any Indebtedness (whether existing or being Incurred) computed on a pro
forma basis and bearing a floating interest rate will be computed as if the rate in effect on the Calculation Date (taking into account any interest rate option, swap, cap or similar agreement applicable to such Indebtedness if such agreement has a
remaining term in excess of 12 months or, if 

  

 11 








 
shorter, at least equal to the remaining term of such Indebtedness) had been the applicable rate for the entire period. 
  
 “Foreign Subsidiary” means, with respect to any specified
Person, any Restricted Subsidiary of such Person other than a Domestic Subsidiary. 
  
 “GAAP” means generally accepted accounting principles set forth in the opinions and pronouncements of the Accounting Principles Board of the American Institute of Certified Public Accountants, the
opinions and pronouncements of the Public Company Accounting Oversight Board and in the statements and pronouncements of the Financial Accounting Standards Board or in such other statements by such other entity as have been approved by a significant
segment of the accounting profession, which are in effect on the Issue Date. 
  
 “Global Note Legend” means the legend set forth in Section 2.07(g)(ii) of this Indenture, which is required to be placed on all Global Notes issued under this Indenture. 
  
 “Global Notes” means, individually and collectively, each of
the Restricted Global Notes and the Unrestricted Global Notes, substantially in the form of Exhibit A, issued in accordance with Section 2.01 or Section 2.07. 
  
 “Government Securities” means securities that are direct obligations of the United States of America for
the timely payment of which its full faith and credit is pledged. 
  
 “Guarantee” means, as to any Person, a guarantee other than by endorsement of negotiable instruments for collection in the ordinary course of business, direct or indirect, in any manner including, without limitation, by way
of a pledge of assets or through letters of credit or reimbursement agreements in respect thereof, of all or any part of any Indebtedness of another Person. 
  
 “Guarantors” means: 
  
 (1) Holdings; and 
  
 (2) any Subsidiary of the Company that executes a Note Guarantee in accordance with the provisions of the Indenture; 
  
 and their respective successors and assigns until released from their obligations under their
Note Guarantees and the Indenture in accordance with the terms of the Indenture. 
  
 “Hedging Obligations” means, with respect to any specified Person, the obligations of such Person under: 
  
 (1) interest rate swap agreements, interest rate cap agreements, interest rate collar agreements and other agreements or arrangements with
respect to interest rates; 
  
 (2) commodity swap
agreements, commodity option agreements, forward contracts and other agreements or arrangements with respect to commodity prices; and 
  

 12 








 (3) foreign exchange contracts, currency swap agreements and other agreements or
arrangements with respect to foreign currency exchange rates. 
  
 “Holder” means a Person in whose name a Note is registered. 
  
 “Holdings” means MCP-MSC Acquisition, Inc., a Delaware corporation, and its successors and permitted assigns. 
  

“Incur” means, with respect to any Indebtedness, to incur, create, issue, assume, Guarantee or otherwise become directly or indirectly
liable for or with respect to, or become responsible for, the payment of, contingently or otherwise, such Indebtedness (and “Incurrence” and “Incurred” will have meanings correlative to the foregoing); provided that
(1) any Indebtedness of a Person existing at the time such Person becomes a Restricted Subsidiary of the Company will be deemed to be Incurred by such Restricted Subsidiary at the time it becomes a Restricted Subsidiary of the Company and
(2) none of the accrual of interest, the accretion of original issue discount, the payment of interest in the form of additional Indebtedness with the same terms, the reclassification of Preferred Stock issued by any Restricted Subsidiary as
Indebtedness due to a change in accounting principles and the payment of dividends on Disqualified Stock or Preferred Stock in the form of additional shares of the same class of Disqualified Stock or Preferred Stock (to the extent provided for when
the Indebtedness or Disqualified Stock or Preferred Stock on which such interest or dividend is paid was originally issued) will be considered an Incurrence of Indebtedness, provided that in each such case the amount thereof is for all other
purposes included in the Fixed Charges and Indebtedness of the Company or its Restricted Subsidiary as accrued. 
  
 “Indebtedness” means, with respect to any specified Person, any indebtedness of such Person, whether or not contingent: 
  
 (1) in respect of borrowed money; 
  
 (2) evidenced by bonds, notes, debentures or similar
instruments or letters of credit (or reimbursement agreements in respect thereof); 
  
 (3) in respect of banker’s acceptances; 
  
 (4) in respect of Capital Lease Obligations and Attributable Debt; 
  
 (5) in respect of the balance deferred and unpaid of the purchase price of any property or services, except
any such balance that constitutes an accrued expense or trade payable; 
  
 (6) representing Hedging Obligations; 
  
 (7) representing Disqualified Stock valued at the greater of its voluntary or involuntary maximum fixed repurchase price plus accrued dividends; or 
  

 13 








 (8) in the case of a Subsidiary of such Person, representing Preferred Stock valued at
the greater of its voluntary or involuntary maximum fixed repurchase price plus accrued dividends. 
  
 In addition, the term “Indebtedness” includes (x) all Indebtedness of others secured by a Lien on any asset of the specified Person (whether or not such Indebtedness is assumed by the specified Person),
provided that the amount of such Indebtedness will be the lesser of (A) the Fair Market Value of such asset at such date of determination and (B) the amount of such Indebtedness, and (y) to the extent not otherwise included,
the Guarantee by the specified Person of any Indebtedness of any other Person. For purposes hereof, the “maximum fixed repurchase price” of any Disqualified Stock or Preferred Stock which does not have a fixed repurchase price will be
calculated in accordance with the terms of such Disqualified Stock or Preferred Stock, as applicable, as if such Disqualified Stock or Preferred Stock were repurchased on any date on which Indebtedness will be required to be determined pursuant to
this Indenture. 
  
 The amount of any Indebtedness outstanding as
of any date will be the outstanding balance at such date of all unconditional obligations as described above and, with respect to contingent obligations, the maximum liability upon the occurrence of the contingency giving rise to the obligation, and
will be: 
  
 (1) the accreted value thereof, in
the case of any Indebtedness issued with original issue discount; and 
  
 (2) the principal amount thereof, together with any interest thereon that is more than 30 days past due, in the case of any other Indebtedness. 
  
 “Indenture” means this Indenture, as amended or supplemented from time to time. 
  
 “Indirect Participant” means a Person who holds a beneficial
interest in a Global Note through a Participant. 
  
 “Initial Purchasers” means Banc of America Securities LLC and J.P. Morgan Securities, Inc. and their respective successors and assigns. 
  
 “Intercreditor Agreement” means that certain Intercreditor Agreement, dated as of June 21, 2005,
among Bank of America, N.A., as Credit Agreement agent, U.S. Bank National Association, as second lien collateral agent, each additional first lien representative from time to time party thereto, the Company, on behalf of itself and each Subsidiary
of the Company that is or becomes a Guarantor, and Holdings, as the same may be amended, amended and restated, supplemented or otherwise modified from time to time. 
  
 “Internal Revenue Code” means the Internal Revenue Code of 1986, as amended. 
  
 “Investments” means, with respect to any Person, all direct
or indirect investments by such Person in other Persons (including Affiliates) in the form of loans or other extensions of credit (including Guarantees), advances, capital contributions (by means of any 

  

 14 








 
transfer of cash or other property to others or any payment for property or services for the account or use of others), purchases or other acquisitions for
consideration of Indebtedness, Equity Interests or other securities, together with all items that are or would be classified as investments on a balance sheet prepared in accordance with GAAP. 
  
 If the Company or any Restricted Subsidiary of the Company sells or otherwise
disposes of any Equity Interests of any direct or indirect Restricted Subsidiary of the Company such that, after giving effect to any such sale or disposition, such Person is no longer a Restricted Subsidiary of the Company, the Company will be
deemed to have made an Investment on the date of any such sale or disposition equal to the Fair Market Value of the Investment in such Subsidiary not sold or disposed of. The acquisition by the Company or any Restricted Subsidiary of the Company of
a Person that holds an Investment in a third Person will be deemed to be an Investment by the Company or such Restricted Subsidiary in such third Person in an amount equal to the Fair Market Value of the Investment held by the acquired Person in
such third Person. 
  
 “Issue Date” means the
date of the original issuance of the Notes under this Indenture. 
  
 “Legal Holiday” means a Saturday, a Sunday or a day on which banking institutions in The City of New York or at a place of payment are authorized or required by law, regulation or executive order to remain closed.

  
 “Legended Regulation S Global Note” means a
global Note in the form of Exhibit A bearing the Global Note Legend and the Private Placement Legend and deposited with or on behalf of and registered in the name of the Depositary or its nominee, issued in a denomination equal to the
outstanding principal amount of the Notes initially sold in reliance on Rule 903 of Regulation S. 
  
 “Lien” means, with respect to any asset, any mortgage, lien, pledge, charge, security interest or encumbrance of any kind in respect of
such asset, whether or not filed, recorded or otherwise perfected under applicable law, including any conditional sale or other title retention agreement, any lease in the nature thereof, any option or other agreement to sell or give a security
interest in and any filing of or agreement to give any financing statement under the Uniform Commercial Code (or equivalent statutes) of any jurisdiction. 
  
 “Mortgages” means each of the mortgages and deeds of trust, if any, made by the Company or any Guarantor in favor of, or for the benefit
of, the Trustee for the benefit of the Holders of the Notes, in form and substance reasonably satisfactory to the Trustee, as the same may be amended, supplemented or otherwise modified from time to time. 
  
 “Net Income” means, with respect to any specified Person,
the net income (loss) of such Person, determined in accordance with GAAP and before any reduction in respect of Preferred Stock dividends, excluding, however: 
  

(1) any gain or loss, together with any related provision for taxes on such gain or loss, realized in connection with (a) any
Asset Sale or (b) the disposition of any 

  

 15 








 
securities by such Person or any of its Restricted Subsidiaries or the extinguishment of any Indebtedness of such Person or any of its Restricted
Subsidiaries; and 
  
 (2) any extraordinary gain
or loss, together with any related provision for taxes on such extraordinary gain or loss. 
  
 “Net Proceeds” means the aggregate cash proceeds, including payments in respect of deferred payment obligations (to the extent corresponding to the principal, but not the interest component, thereof)
received by the Company or any of its Restricted Subsidiaries in respect of any Asset Sale (including, without limitation, any cash received upon the sale or other disposition of any non-cash consideration received in any Asset Sale), net of
(1) the direct costs relating to such Asset Sale, including, without limitation, legal, accounting, investment banking and brokerage fees, and sales commissions, and any relocation expenses incurred as a result thereof, (2) taxes paid or
payable as a result thereof, in each case, after taking into account any available tax credits or deductions and any tax sharing arrangements, (3) amounts required to be applied to the repayment of Indebtedness or other liabilities secured by a
Lien on the asset or assets that were the subject of such Asset Sale or required to be paid as a result of such sale, (4) any reserve for adjustment in respect of the sale price of such asset or assets established in accordance with GAAP,
(5) in the case of any Asset Sale by a Restricted Subsidiary of the Company, payments to holders of Equity Interests in such Restricted Subsidiary in such capacity (other than such Equity Interests held by the Company or any Restricted
Subsidiary thereof) to the extent that such payment is required to permit the distribution of such proceeds in respect of the Equity Interests in such Restricted Subsidiary held by the Company or any Restricted Subsidiary thereof and
(6) appropriate amounts to be provided by the Company or its Restricted Subsidiaries as a reserve against liabilities associated with such Asset Sale, including, without limitation, pension and other post-employment benefit liabilities,
liabilities related to environmental matters and liabilities under any indemnification obligations associated with such Asset Sale, all as determined in accordance with GAAP; provided that (a) excess amounts set aside for payment of
taxes pursuant to clause (2) above remaining after such taxes have been paid in full or the statute of limitations therefor has expired and (b) amounts initially held in reserve pursuant to clause (6) no longer so held, will, in the
case of each of subclause (a) and (b), at that time become Net Proceeds. 
  
 “Non-U.S. Person” means a Person who is not a U.S. Person. 
  
 “Note Guarantee” means a Guarantee of the Notes by Holdings or any Subsidiary Guarantor pursuant to this Indenture. 
  
 “Note Liens” means the Liens on the Collateral described in
the Collateral Documents and granted in favor of the Trustee for the benefit of the Holders of the Notes. 
  
 “Notes” means the Senior Secured Floating Rate Notes due 2011 of the Company issued on the date hereof and any Additional Notes. The
Notes and the Additional Notes subsequently issued under this Indenture, if any, shall be treated as a single class for all purposes under this Indenture, including, without limitation, waivers, amendments, redemptions and offers to purchase.

  

 16 








 “Obligations” means any principal, interest, penalties, fees, indemnifications,
reimbursements, damages and other liabilities payable under the documentation governing any Indebtedness. 
  
 “Offering Memorandum” means the offering memorandum, dated June 15, 2005, relating to the Notes issued on the Issue Date.

  
 “Officer” means, with respect to any Person,
the Chairman of the Board, the Chief Executive Officer, the President, the Chief Operating Officer, the Chief Financial Officer, the Treasurer, any Assistant Treasurer, the Controller, the Secretary or any Vice-President of such Person. 

 
 “Officers’ Certificate” means a certificate signed
on behalf of the Company by at least two Officers of the Company, one of whom must be the principal executive officer, the principal financial officer, the treasurer or the principal accounting officer of the Company that meets the requirements of
this Indenture. 
  
 “Opinion of Counsel” means an
opinion from legal counsel who is reasonably acceptable to the Trustee (who may be counsel to or an employee of the Company) that meets the requirements of this Indenture. 
  
 “Parent” means any direct or indirect parent company of the Company. 
  
 “Pari Passu Debt” means Indebtedness of the Company or any
Guarantor that (a) ranks pari passu in right of payment with the obligations of the Company under the Notes or the obligations of such Guarantor under its Note Guarantee, (b) is secured by a Lien on the property or assets
constituting Collateral (which Lien ranks at least equal to the Note Liens), and (c) contains provisions similar to those set forth under Section 4.10. 
  
 “Participant” means, with respect to the Depositary, Euroclear or Clearstream, a Person who has an account
with the Depositary, Euroclear or Clearstream, respectively (and with respect to DTC, shall include Euroclear and Clearstream). 
  
 “Permitted Business” means any business conducted or proposed to be conducted (as described in the Offering Memorandum) by the Company
and its Restricted Subsidiaries on the Issue Date and other businesses reasonably related or ancillary thereto. 
  
 “Permitted Investments” means: 
  
 (1) any Investment in the Company or in a Restricted Subsidiary of the Company; 
  
 (2) any Investment in Cash Equivalents; 
  
 (3) any Investment by the Company or any Restricted
Subsidiary of the Company in a Person, if as a result of such Investment: 
  
 (a) such Person becomes a Restricted Subsidiary of the Company; or 
  

 17 








 (b) such Person is merged, consolidated or amalgamated with or into, or transfers or
conveys substantially all of its assets to, or is liquidated into, the Company or a Restricted Subsidiary of the Company; 
  
 (4) any Investment made as a result of the receipt of non-cash consideration from an Asset Sale that was made pursuant to and in
compliance with Section 4.10; 
  
 (5)
Hedging Obligations that are Incurred for the purpose of fixing, hedging or swapping interest rate, commodity price or foreign currency exchange rate risk (or to reverse or amend any such agreements previously made for such purposes), and not for
speculative purposes, and that do not increase the Indebtedness of the obligor outstanding at any time other than as a result of fluctuations in interest rates, commodity prices or foreign currency exchange rates or by reason of fees, indemnities
and compensation payable thereunder; 
  
 (6)
stock, obligations or securities received in satisfaction of judgments; 
  
 (7) advances to customers or suppliers in the ordinary course of business that are, in conformity with GAAP, recorded as accounts receivable, prepaid expenses or deposits on the balance sheet of the Company or its
Restricted Subsidiaries and endorsements for collection or deposit arising in the ordinary course of business; 
  
 (8) commission, payroll, travel and similar advances to officers and employees of the Company or any of its Restricted Subsidiaries that
are expected at the time of such advance ultimately to be recorded as an expense in conformity with GAAP; 
  
 (9) loans or advances to officers, directors and employees of the Company or any of its Restricted Subsidiaries (i) in the ordinary
course of business for bona fide business purposes of the Company and its Restricted Subsidiaries made in compliance with applicable law in an amount not to exceed $5.0 million in the aggregate at any one time outstanding or (ii) in connection
with the purchase by such Persons of Equity Interests of the Company; 
  
 (10) any Investments received in compromise or resolution of (a) obligations of trade creditors or customers that were incurred in the ordinary course of business of the Company or any of its Restricted
Subsidiaries, including pursuant to any plan of reorganization or similar arrangement upon the bankruptcy or insolvency of any trade creditor or customer or (b) litigation, arbitration or other disputes with Persons that are not Affiliates;

  
 (11) Investments existing on the Issue Date;

  
 (12) repurchases of the Notes; and

  
 (13) other Investments in any Person
(provided that any such Person is not an Affiliate of the Company or is an Affiliate of the Company solely because the Company, directly or indirectly, owns Equity Interests in, or controls, such Person) having an aggregate Fair Market Value
(measured on the date each such Investment was made and 

  

 18 








 
without giving effect to subsequent changes in value), when taken together with all other Investments made pursuant to this clause (13) since the Issue
Date, not to exceed $10.0 million. 
  
 “Permitted
Liens” means: 
  
 (1) Liens on the
assets of the Company and any Subsidiary Guarantor securing (a) Indebtedness (other than Indebtedness which is subordinated in right of payment to the Notes or any Note Guarantee) Incurred under Credit Facilities, in an aggregate amount
outstanding not to exceed the greater of $40.0 million and 1.5 times the Consolidated Cash Flow of the Company for its most recently ended four full fiscal quarters for which internal financial statements are available immediately preceding the
relevant date on which such Liens are created, incurred or assumed or otherwise caused or suffered to exist or become effective (provided, however, that in determining the Consolidated Cash Flow, (i) acquisitions and dispositions
of business entities or property and assets constituting a division or line of business of any Person that have been made by the Company or any of its Restricted Subsidiaries, including through mergers and consolidations, during such four-quarter
period or subsequent to such four-quarter period and on or prior to such date will be given pro forma effect, in accordance with Regulation S-X under the Securities Act (but without giving effect to clause (3) of the proviso set forth in the
definition of Consolidated Net Income), as if they had occurred on the first day of such period and (ii) the Consolidated Cash Flow attributable to discontinued operations, as determined in accordance with GAAP, will be excluded) and
(b) Hedging Obligations permitted to be incurred under clause (vii) of Section 4.09(b) but only to the extent that (i) such Hedging Obligations are owed to a lender under the Credit Agreement or an Affiliate of such lender and
(ii) such Liens are created pursuant to the Credit Agreement and are expressly stated to secure such Hedging Obligations together with Indebtedness under the Credit Agreement and (iii) the Indebtedness (other than such Hedging Obligations)
under the Credit Agreement does not exceed the maximum amount prescribed in subclause (a) of this clause (1); 
  
 (2) Liens in favor of the Company or any Subsidiary Guarantor; 
  
 (3) Liens on property of a Person existing at the time such Person is acquired, merged with or into or
consolidated with the Company or any Restricted Subsidiary of the Company; provided that such existing Liens were in existence prior to the contemplation of such acquisition, merger or consolidation and do not extend to any assets other than
those of the Person acquired, merged into or consolidated with the Company or the Restricted Subsidiary; 
  
 (4) Liens on property existing at the time of acquisition thereof by the Company or any Restricted Subsidiary of the Company,
provided that such Liens were in existence prior to the contemplation of such acquisition and do not extend to any property other than the property so acquired by the Company or the Restricted Subsidiary; 
  
 (5) Liens securing the Notes (other than Additional Notes)
and the related Note Guarantees; 
  

 19 








 (6) Liens existing on the Issue Date other than Liens securing Obligations under the
Credit Agreement and the Notes; 
  
 (7) Liens
securing Permitted Refinancing Indebtedness; provided that such Liens do not extend to any property or assets other than the property or assets that secure or are required to secure the Indebtedness being refinanced; 
  
 (8) Liens on property or assets used to defease or to
satisfy and discharge Indebtedness; provided that (a) the Incurrence of such Indebtedness was not prohibited by this Indenture and (b) such defeasance or satisfaction and discharge is not prohibited by this Indenture; 
  
 (9) Liens securing obligations that do not exceed $5.0
million at any one time outstanding; 
  
 (10)
Liens securing Indebtedness of the Company or any Restricted Subsidiary of the Company represented by Capital Lease Obligations, mortgage financings or purchase money obligations, in each case, incurred for the purpose of financing all or any part
of the purchase price or cost of installation, construction or improvement of property, plant or equipment used in the business of the Company or such Restricted Subsidiary, in an aggregate amount not to exceed $5.0 million at any time
outstanding; provided that any such Lien (i) covers only the assets acquired, installed, constructed or improved with such Indebtedness and (ii) is created within 180 days of such acquisition, construction or improvement;

  
 (11) Liens on cash or Cash Equivalents
securing Hedging Obligations of the Company or any of its Restricted Subsidiaries (i) that are Incurred for the purpose of fixing, hedging or swapping interest rate, commodity price or foreign currency exchange rate risk (or to reverse or amend
any such agreements previously made for such purposes), and not for speculative purposes, or (ii) securing letters of credit that support such Hedging Obligations; 
  
 (12) Liens incurred or deposits made in the ordinary course of business in connection with worker’s
compensation, unemployment insurance or other social security obligations; 
  
 (13) Liens, deposits or pledges to secure the performance of bids, tenders, contracts (other than contracts for the payment of Indebtedness), leases, or other similar obligations arising in the ordinary course of
business; 
  
 (14) survey exceptions,
encumbrances, easements or reservations of, or rights of other for, rights of way, zoning or other restrictions as to the use of properties, and defects in title which, in the case of any of the foregoing, were not incurred or created to secure the
payment of Indebtedness, and which in the aggregate do not materially adversely affect the value of such properties or materially impair the use for the purposes of which such properties are held by the Company or any of its Restricted Subsidiaries;

  

 20 








 (15) judgment and attachment Liens not giving rise to an Event of Default and notices of
lis pendens and associated rights related to litigation being contested in good faith by appropriate proceedings and for which adequate reserves have been made; 
  
 (16) Liens, deposits or pledges to secure public or statutory obligations, surety, stay, appeal, indemnity,
performance or other similar bonds or obligations; and Liens, deposits or pledges in lieu of such bonds or obligations, or to secure such bonds or obligations, or to secure letters of credit in lieu of or supporting the payment of such bonds or
obligations; 
  
 (17) Liens in favor of
collecting or payor banks having a right of setoff, revocation, refund or chargeback with respect to money or instruments of the Company or any Subsidiary thereof on deposit with or in possession of such bank; 
  
 (18) any interest or title of a lessor, licensor or
sublicensor in the property subject to any lease, license or sublicense (other than any property that is the subject of a Sale Leaseback Transaction); 
  
 (19) Liens for taxes, assessments and governmental charges not yet delinquent or being contested in good faith and for which adequate
reserves have been established to the extent required by GAAP; 
  
 (20) Liens arising from precautionary UCC financing statements regarding operating leases or consignments; 
  
 (21) leases, licenses, subleases or sublicenses granted to others in the ordinary course of business that do not (x) interfere in any
material respect with the business of the Company or any of its Restricted Subsidiaries or (y) secure any Indebtedness; and 
  
 (22) Liens solely on any cash earnest money deposits made by the Company or any of its Restricted Subsidiaries in an amount not to exceed
$1,000,000 at any time outstanding in connection with any letter of intent or purchase agreement with respect to any Investment permitted under this Indenture. 
  

“Permitted Refinancing Indebtedness” means any Indebtedness of the Company or any of its Restricted Subsidiaries issued in exchange
for, or the net proceeds of which are used to extend, refinance, renew, replace, defease or refund other Indebtedness of the Company or any of its Restricted Subsidiaries (other than intercompany Indebtedness); provided that: 
  
 (1) the amount of such Permitted Refinancing Indebtedness
does not exceed the amount of the Indebtedness so extended, refinanced, renewed, replaced, defeased or refunded (plus all accrued and unpaid interest thereon and the amount of any reasonably determined premium necessary to accomplish such
refinancing and such reasonable expenses incurred in connection therewith); 
  
 (2) such Permitted Refinancing Indebtedness has a final maturity date later than the final maturity date of, and has a Weighted Average Life to Maturity equal to or 

  

 21 








 
greater than the Weighted Average Life to Maturity of, the Indebtedness being extended, refinanced, renewed, replaced, defeased or refunded; 
  
 (3) if the Indebtedness being extended, refinanced, renewed,
replaced, defeased or refunded is subordinated in right of payment to the Notes or the Note Guarantees, such Permitted Refinancing Indebtedness has a final maturity date later than the final maturity date of the Notes and is subordinated in right of
payment to the Notes or the Note Guarantees, as applicable, on terms at least as favorable, taken as a whole, to the Holders of Notes as those contained in the documentation governing the Indebtedness being extended, refinanced, renewed, replaced,
defeased or refunded; 
  
 (4) if the Indebtedness
being extended, refinanced, renewed, replaced, defeased or refunded is pari passu in right of payment with the Notes or any Note Guarantees, such Permitted Refinancing Indebtedness is pari passu with, or subordinated in right of payment to, the
Notes or such Note Guarantees; and 
  
 (5) such
Indebtedness is Incurred by either (a) the Restricted Subsidiary that is the obligor on the Indebtedness being extended, refinanced, renewed, replaced, defeased or refunded or (b) the Company. 
  
 “Person” means any individual, corporation, partnership,
joint venture, association, joint-stock company, trust, unincorporated organization, limited liability company or government or other entity. 
  
 “Preferred Stock” means, with respect to any Person, any Capital Stock of such Person that has preferential rights to any other Capital
Stock of such Person with respect to dividends or redemptions upon liquidation. 
  
 “Principals” means Monitor Clipper Equity Partners II, L.P., Monitor Clipper Equity Partners (NQP) II, L.P., Monitor Clipper Partners, LLC (“MCP”) and any affiliates of MCP
controlled by MCP other than any portfolio or operating companies in which any of the foregoing directly or indirectly owns any Equity Interests or which they otherwise control. For purposes of this definition, the term “control” means the
possession, directly or indirectly, of the power to direct or cause the direction of the management or policies of a Person, whether through the ability to exercise voting power, by contract or otherwise. 
  
 “Private Placement Legend” means the legend set forth in
Section 2.07(g)(i) of this Indenture to be placed on all Notes issued under this Indenture except where otherwise permitted by the provisions of this Indenture. 
  
 “QIB” means a “qualified institutional buyer” as defined in Rule 144A. 
  
 “Qualified Interest Rate Agreement” means an interest rate
swap agreement with a domestic commercial bank having, at all times, capital and surplus in excess of $500.0 million and a rating, with respect to its long-term U.S. dollar-denominated debt obligations, of at least Aa2 by Moody’s Investors
Services, Inc. or AA by Standard & Poor’s Rating Services. 
  

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 “Registration Rights Agreement” means (1) with respect to the Notes issued on the
Issue Date, the Registration Rights Agreement, dated as of the Issue Date, among Holdings, the Company, Banc of America Securities LLC and J.P. Morgan Securities, Inc. and (2) with respect to any Additional Notes, any registration rights
agreement among Holdings, the Company and the other parties thereto relating to the registration by the Company of such Additional Notes under the Securities Act. 
  
 “Regulation S” means Regulation S promulgated under the Securities Act. 
  
 “Regulation S Global Note” means a Legended Regulation S
Global Note or an Unlegended Regulation S Global Note, as appropriate. 
  
 “Replacement Assets” means (1) non-current assets that will be used or useful in a Permitted Business or (2) substantially all the assets of a Permitted Business or a majority of the Voting Stock of any Person
engaged in a Permitted Business that will become on the date of acquisition thereof a Restricted Subsidiary that is a Guarantor; provided that, in the case of (1) and (2), such assets or Voting Stock are subject to Note Liens.

  
 “Responsible Officer,” when used with respect
to the Trustee, means any officer within the Corporate Trust Office of the Trustee (or any successor group of the Trustee) or any other officer of the Trustee customarily performing functions similar to those performed by any of the above designated
officers and also means, with respect to a particular corporate trust matter, any other officer to whom such matter is referred because of his knowledge of and familiarity with the particular subject. 
  
 “Restricted Definitive Note” means a Definitive Note bearing
the Private Placement Legend. 
  
 “Restricted Global
Note” means a Global Note bearing the Private Placement Legend. 
  
 “Restricted Investment” means an Investment other than a Permitted Investment. 
  
 “Restricted Period” means the 40-day distribution compliance period as defined in Regulation S. 
  
 “Restricted Subsidiary” of a Person means any Subsidiary of
such Person that is not an Unrestricted Subsidiary. 
  
 “Rule 144” means Rule 144 promulgated under the Securities Act. 
  
 “Rule 144A” means Rule 144A promulgated under the Securities Act. 
  
 “Rule 903” means Rule 903 promulgated under the Securities Act. 
  
 “Rule 904” means Rule 904 promulgated under the Securities Act. 
  

 23 








 “Sale and Leaseback Transaction” means, with respect to any Person, any transaction
involving any of the assets or properties of such Person whether now owned or hereafter acquired, whereby such Person sells or otherwise transfers such assets or properties and then or thereafter leases such assets or properties or any part thereof
or any other assets or properties which such Person intends to use for substantially the same purpose or purposes as the assets or properties sold or transferred. 
  
 “Second Lien Security Agreement” means that certain Second Lien Security Agreement dated June 21, 2005
by the Company and Holdings in favor of the Trustee for the benefit of the Secured Parties. 
  
 “Securities Act” means the Securities Act of 1933, as amended. 
  
 “Senior Discount Notes” means the 13.5% Senior Discount Notes due June 15, 2013 issued under the indenture dated as of May 12,
2005 between Holdings and U.S. Bank National Association, as trustee. 
  
 “Senior Secured Term Loan Facility” means that certain Bridge Loan Agreement, dated as of March 31, 2005, as amended by Amendment No. 1, dated as of May 12, 2005, in each case, by and among the Company,
Holdings, Banc of America Bridge LLC, as administrative agent, and the other lenders party thereto from time to time, including any related notes, Guarantees, collateral documents, instruments and agreements executed in connection therewith.

  
 “Significant Subsidiary” means any Subsidiary
that would constitute, or any Subsidiaries that together would constitute, a “significant subsidiary” within the meaning of Article 1 of Regulation S-X of the Securities Act; provided, however, that, for purposes of
this Indenture and the Notes, 5% will be substituted for 10% in each place that it appears in such definition. 
  
 “Stated Maturity” means, with respect to any installment of interest or principal on any series of Indebtedness, the date on which such
payment of interest or principal was scheduled to be paid in the original documentation governing such Indebtedness, and shall not include any contingent obligations to repay, redeem or repurchase any such interest or principal prior to the date
originally scheduled for the payment thereof. 
  
 “Stock
Purchase Agreement” means the Stock Purchase Agreement, dated as of March 31, 2005, among Holdings, the Company (as successor to MSC Acquisition, Inc.) and the stockholders and warrantholders of MSC Acquisition Inc. 
  
 “Subsidiary” means, with respect to any specified Person:

  
 (1) any corporation, association or other
business entity of which more than 50% of the total voting power of shares of Capital Stock entitled (without regard to the occurrence of any contingency) to vote in the election of directors, managers or trustees thereof is at the time owned or
controlled, directly or indirectly, by such Person or one or more of the other Subsidiaries of that Person (or a combination thereof); and 
  

 24 








 (2) any partnership (a) the sole general partner or the managing general partner of
which is such Person or a Subsidiary of such Person or (b) the only general partners of which are such Person or one or more Subsidiaries of such Person (or any combination thereof). 
  
 “Subsidiary Guarantor” means any Restricted Subsidiary of the Company that guarantees the Company’s
Obligations under the Notes in accordance with the terms of this Indenture, and its successors and assigns, until released from its obligations under such Guarantee and the Indenture in accordance with the terms of this Indenture. 
  
 “TIA” means the Trust Indenture Act of 1939, as in effect on
the date on which this Indenture is qualified under the TIA. 
  
 “Trustee” means U.S. Bank National Association until a successor replaces it in accordance with Section 7.08 and thereafter means the successor serving hereunder. 
  
 “Unlegended Regulation S Global Note” means a permanent
global Note in the form of Exhibit A bearing the Global Note Legend, deposited with or on behalf of and registered in the name of the Depositary or its nominee and issued upon expiration of the Restricted Period. 
  
 “Unrestricted Definitive Note” means one or more Definitive
Notes that do not bear and are not required to bear the Private Placement Legend. 
  
 “Unrestricted Global Note” means a permanent Global Note substantially in the form of Exhibit A that bears the Global Note Legend, that has the “Schedule of Exchanges of Interests in the
Global Note” attached thereto, that is deposited with or on behalf of and registered in the name of the Depositary, representing a series of Notes, and that does not bear the Private Placement Legend. 
  
 “Unrestricted Subsidiary” means any Subsidiary of the
Company that is designated by the Board of Directors of the Company as an Unrestricted Subsidiary pursuant to a Board Resolution in compliance with Section 4.15 and any Subsidiary of such Subsidiary. 
  
 “U.S. Person” means a U.S. person as defined in Rule 902(o)
under the Securities Act. 
  
 “Voting Stock” of
any Person as of any date means the Capital Stock of such Person that is ordinarily entitled to vote in the election of the Board of Directors of such Person. 
  

“Weighted Average Life to Maturity” means, when applied to any Indebtedness at any date, the number of years obtained by dividing:

  
 (1) the sum of the products obtained by
multiplying (a) the amount of each then remaining installment, sinking fund, serial maturity or other required payments of principal, including payment at final maturity, in respect thereof, by (b) the number of years (calculated to the
nearest one-twelfth) that will elapse between such date and the making of such payment; by 
  
 (2) the then outstanding principal amount of such Indebtedness. 
  

 25 








 Section 1.02. Other Definitions. 
  

			
	 Term

	  	Defined in
Section


	 “Affiliate Transaction”
	  	4.11
	 “Asset Sale Offer”
	  	4.10
	 “Authentication Order”
	  	2.02
	 “Change of Control Offer”
	  	4.14
	 “Change of Control Payment”
	  	4.14
	 “Change of Control Payment Date”
	  	4.14
	 “Covenant Defeasance”
	  	8.03
	 “DTC”
	  	2.01
	 “Event of Default”
	  	6.01
	 “Legal Defeasance”
	  	8.02
	 “Offer Amount”
	  	3.09
	 “Offer Period”
	  	3.09
	 “offshore transaction”
	  	2.07
	 “Paying Agent”
	  	2.04
	 “Payment Default”
	  	6.01
	 “Permitted Debt”
	  	4.09
	 “Purchase Date”
	  	3.09
	 “Registrar”
	  	2.04
	 “Related Proceedings”
	  	13.09
	 “Repurchase Offer”
	  	3.09
	 “Restricted Payments”
	  	4.07
	 “Specified Courts”
	  	13.09

  
 Section 1.03. Incorporation by Reference of Trust Indenture Act. 
  
 Whenever this Indenture refers to a provision of the TIA, the provision is incorporated by reference in and made a part of this Indenture. 
  
 The following TIA terms used in this Indenture have the following meanings: 
  
 “indenture securities” means the Notes;

  
 “indenture security holder”
means a Holder of a Note; 
  
 “indenture
to be qualified” means this Indenture; 
  
 “indenture trustee” or “institutional trustee” means the Trustee; and 
  
 “obligor” on the Notes means the Company, any Subsidiary Guarantor and any successor obligor upon the Notes or the
relevant Note Guarantee. 
  

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 All other terms used in this Indenture that are defined by the TIA, defined by TIA reference to another
statute or defined by SEC rule under the TIA have the meanings so assigned to them. 
  
 Section 1.04. Rules of Construction. 
  
 Unless the context otherwise requires: 
  
 (a) a term has the meaning assigned to it; 
  
 (b) an accounting term not otherwise defined has the meaning assigned to it in accordance with GAAP; 
  
 (c) “or” is not exclusive; 
  
 (d) words in the singular include the plural, and in the
plural include the singular; 
  
 (e)
“herein”, “hereof” and other word of similar import refer to this Indenture as a whole and not to any particular Section, Article or other subdivision; 
  
 (f) all references to Sections or Articles or Exhibits refer to Sections or Articles or Exhibits of or to
this Indenture unless otherwise indicated; and 
  
 (g) references to sections of or rules under the Securities Act shall be deemed to include substitute, replacement of successor sections or rules adopted by the Commission from time to time. 
  
 ARTICLE TWO 
 THE NOTES 
  
 Section 2.01. Form and Dating. 
  
 (a) General. The Notes and the Trustee’s certificate of authentication shall be substantially in the form of Exhibit A. The Notes may have notations, legends or endorsements required by law, stock exchange rule or usage.
Each Note shall be dated the date of its authentication. The Notes shall be (i) issued in registered global form without interest coupons and (ii) shall be only in minimum denominations of $1,000 and integral multiples thereof. 

 
 The terms and provisions contained in the Notes shall constitute, and are
hereby expressly made, a part of this Indenture, and 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. However, to the extent any provision of any
Note conflicts with the express provisions of this Indenture, the provisions of this Indenture shall govern and be controlling. 
  
 (b) Global Notes. Notes issued in global form shall be substantially in the form of Exhibit A (and shall include the Global Note Legend
thereon and the “Schedule of Exchanges of Interests in the Global Note” attached thereto). Notes issued in definitive form 

  

 27 








 
shall be substantially in the form of Exhibit A (but without the Global Note Legend thereon and without the “Schedule of Exchanges of Interests
in the Global Note” attached thereto). Each Global Note shall represent such of the outstanding Notes as shall be specified therein and each shall provide that it represents 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 reduced or increased, as appropriate, to reflect exchanges and redemptions. Any endorsement of a Global Note to reflect the
amount of any increase or decrease in the aggregate principal amount of outstanding Notes represented thereby shall be made by the Trustee or, if the Custodian and the Trustee are not the same Person, by the Custodian at the direction of the
Trustee, in accordance with instructions given by the Holder thereof as required by Section 2.07(i). 
  
 (c) Regulation S Global Notes. Notes offered and sold in reliance on Regulation S shall be issued initially in the form of the Legended
Regulation S Global Note, which shall be deposited on behalf of the purchasers of the Notes represented thereby with the Trustee, as custodian for The Depository Trust Company (“DTC”) in New York, New York, and registered in
the name of the Depositary or the nominee of the Depositary for the accounts of designated agents holding on behalf of Euroclear or Clearstream, duly executed by the Company and authenticated by the Trustee as hereinafter provided. Following the
termination of the Restricted Period, beneficial interests in the Legended Regulation S Global Note may be exchanged for beneficial interests in Unlegended Regulation S Global Notes pursuant to Section 2.07 and the Applicable Procedures.
Simultaneously with the authentication of Unlegended Regulation S Global Notes, the Trustee shall cancel the Legended Regulation S Global Note. The aggregate principal amount of the Regulation S Global Notes may from time to time be increased or
decreased by adjustments made on the records of the Trustee and the Depositary or its nominee, as the case may be, in connection with transfers of interest as hereinafter provided. 
  
 (d) Euroclear and Clearstream Procedures Applicable. The provisions of the “Operating Procedures of the
Euroclear System” and “Terms and Conditions Governing Use of Euroclear” and the “General Terms and Conditions of Clearstream Banking” and “Customer Handbook” of Clearstream shall be applicable to transfers of
beneficial interests in the Regulation S Global Notes that are held by Participants through Euroclear or Clearstream. 
  
 Section 2.02. Execution and Authentication. 
  
 At least one Officer of the Company shall sign the Notes for the Company by manual or facsimile signature. 
  
 If an Officer whose signature is on a Note no longer holds that office at the
time a Note is authenticated, the Note shall nevertheless be valid. 
  
 A Note shall not be valid until authenticated by the manual signature of the Trustee. Such signature shall be conclusive evidence that the Note has been authenticated under this Indenture. 
  

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 The aggregate principal amount of Notes (other than Notes issued in exchange, substitution or
replacement, including Notes issued under Section 2.08) which may be authenticated and delivered under this Indenture is unlimited. 
  
 The Company may, subject to Article Four of this Indenture and applicable law, issue Additional Notes under this Indenture. 
  
 At any time and from time to time after the execution of this Indenture, the
Trustee shall, upon receipt of, and pursuant to, a written order of the Company signed by an Officer of the Company (an “Authentication Order”), authenticate and deliver an unlimited principal amount of Notes for original issue, of
which $150,000,000 shall be issued on the date of this Indenture and Notes issued in exchange, substitution or replacement therefor, including Notes issued under Section 2.08. 
  
 The Trustee may appoint an authenticating agent acceptable to the Company to authenticate Notes. An authenticating agent may
authenticate Notes whenever the Trustee may do so. Each reference in this Indenture to authentication by the Trustee includes authentication by such agent. An authenticating agent has the same rights as an Agent to deal with Holders or an Affiliate
of the Company. 
  
 Section 2.03. Methods of
Receiving Payments on the Notes. 
  
 If a Holder has given
wire transfer instructions to the Company, the Company shall pay all principal of, and premium, if any, interest and Additional Interest, if any, on, that Holder’s Notes in accordance with those instructions. All other payments on Notes shall
be made at the office or agency of the Paying Agent and Registrar within the City and State of New York unless the Company elects to make interest payments by check mailed to the Holders at their addresses set forth in the register of Holders.

  
 Section 2.04. Paying Agent and Registrar
for the Notes. 
  
 (a) The Company shall maintain a registrar
with an office or agency where Notes may be presented for registration of transfer or for exchange (“Registrar”) and a paying agent with an office or agency where Notes may be presented for payment (“Paying Agent”).
The Registrar shall keep a register of the Notes and of their transfer and exchange. The Company may appoint one or more co-registrars and one or more additional paying agents. The term “Registrar” includes any co-registrar and the term
“Paying Agent” includes any additional paying agent. The Company may change any Paying Agent or Registrar without prior notice to any Holder. The Company shall notify the Trustee in writing of the name and address of any Agent not a party
to this Indenture. If the Company fails to appoint or maintain another entity as Registrar or Paying Agent, the Trustee shall act as such. The Company or any of its Subsidiaries may act as Paying Agent or Registrar. 
  
 (b) The Company initially appoints DTC to act as Depositary with respect to
the Global Notes. 
  
 (c) The Company initially appoints the
Trustee to act as the Registrar and Paying Agent and to act as Custodian with respect to the Global Notes. 
  

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 Section 2.05. Paying Agent to Hold Money in Trust. 
  
 The Company shall require each Paying Agent other than the Trustee to agree
in writing that the Paying Agent shall hold in trust for the benefit of Holders or the Trustee all money held by the Paying Agent for the payment of principal, premium or Additional Interest, if any, or interest on the Notes, and shall notify the
Trustee of any default by the Company in making any such payment. While any such default continues, the Trustee may require a Paying Agent to pay all money held by it to the Trustee. The Company at any time may require a Paying Agent to pay all
money held by it to the Trustee. Upon payment over to the Trustee, the Paying Agent (if other than the Company or one of its Subsidiaries) shall have no further liability for the money. If the Company or one of its Subsidiaries acts as Paying Agent,
it shall segregate and hold in a separate trust fund for the benefit of the Holders all money held by it as Paying Agent. Upon any bankruptcy or reorganization proceedings relating to the Company, the Trustee shall serve as Paying Agent for the
Notes. 
  
 Section 2.06. Holder Lists.

  
 The Trustee shall preserve in as current a form as is
reasonably practicable the most recent list available to it of the names and addresses of all Holders and shall otherwise comply with TIA Section 312(a). If the Trustee is not the Registrar, the Company shall furnish to the Trustee at least
seven Business Days before each interest payment date and at such other times as the Trustee may request in writing, a list in such form and as of such date as the Trustee may reasonably require of the names and addresses of the Holders of Notes and
the Company shall otherwise comply with TIA Section 312(a). 
  
 Section 2.07. Transfer and Exchange. 
  
 (a) Transfer and Exchange of Global Notes. A Global Note may not be transferred as a whole except by the Depositary to a nominee of the Depositary, by a nominee of the Depositary to the Depositary or to another
nominee of the Depositary, or by the Depositary or any such nominee to a successor Depositary or a nominee of such successor Depositary. All Global Notes shall be exchanged by the Company for Definitive Notes if (i) DTC (A) notifies the
Company that it is unwilling or unable to continue as Depositary for the Global Notes and the Company fails to appoint a successor Depositary within 120 days after receiving such notice or (B) has ceased to be a clearing agency registered under
the Exchange Act and the Company fails to appoint a successor Depositary within 120 days after becoming aware of such condition; (ii) the Company, at its option, notifies the Trustee in writing that it elects to cause the issuance of Definitive
Notes in exchange for Global Notes (in whole but not in part); provided that in no event shall the Legended Regulation S Global Note be exchanged by the Company for Definitive Notes other than in accordance with Section 2.07(c)(ii); or
(iii) there shall have occurred and be continuing a Default or Event of Default with respect to the Notes. Upon the occurrence of any of the preceding events in (i), (ii) or (iii) above, Definitive Notes shall be issued in such names
as the Depositary shall instruct the Trustee. Global Notes also may be exchanged or replaced, in whole or in part, as provided in Sections 2.08 and 2.11. Every Note authenticated and delivered in exchange for, or in lieu of, a Global Note or any
portion thereof, pursuant to this Section 2.07, Section 2.08 or Section 2.11, shall be authenticated and delivered in the form of, and shall be, a Global Note. A Global Note may not be exchanged for another Note other than as provided
in 

  

 30 








 
this Section 2.07(a); however, beneficial interests in a Global Note may be transferred and exchanged as provided in Section 2.07(b), (c) or
(f). 
  
 (b) Transfer and Exchange of Beneficial Interests in
the Global Notes. The transfer and exchange of beneficial interests in the Global Notes shall be effected through the Depositary, in accordance with the provisions of this Indenture and the Applicable Procedures. Beneficial interests in the
Restricted Global Notes shall be subject to restrictions on transfer comparable to those set forth herein to the extent required by the Securities Act. Transfers of beneficial interests in the Global Notes also shall require compliance with either
subparagraph (i) or (ii) below, as applicable, as well as one or more of the other following subparagraphs, as applicable: 
  
 (i) Transfer of Beneficial Interests in the Same Global Note. Beneficial interests in any Restricted Global Note may be transferred
to Persons who take delivery thereof in the form of a beneficial interest in the same Restricted Global Note in accordance with the transfer restrictions set forth in the Private Placement Legend; provided, however, that prior to the
expiration of the Restricted Period, transfers of beneficial interests in the Legended Regulation S Global Note may not be made to a U.S. Person or for the account or benefit of a U.S. Person (other than the Initial Purchaser). Beneficial interests
in any Unrestricted Global Note may be transferred to Persons who take delivery thereof in the form of a beneficial interest in an Unrestricted Global Note. No written orders or instructions shall be required to be delivered to the Registrar to
effect the transfers described in this Section 2.07(b)(i). 
  
 (ii) All Other Transfers and Exchanges of Beneficial Interests in Global Notes. In connection with all transfers and exchanges of beneficial interests that are not subject to Section 2.07(b)(i) above, the
transferor of such beneficial interest must deliver to the Registrar either (A) (1) a written order from a Participant or an Indirect Participant given to the Depositary in accordance with the Applicable Procedures directing the Depositary
to credit or cause to be credited a beneficial interest in another Global Note in an amount equal to the beneficial interest to be transferred or exchanged and (2) instructions given in accordance with the Applicable Procedures containing
information regarding the Participant account to be credited with such increase or (B) (1) a written order from a Participant or an Indirect Participant given to the Depositary in accordance with the Applicable Procedures directing the
Depositary to cause to be issued a Definitive Note in an amount equal to the beneficial interest to be transferred or exchanged and (2) instructions given by the Depositary to the Registrar containing information regarding the Person in whose
name such Definitive Note shall be registered to effect the transfer or exchange referred to in (1) above; provided that in no event shall Definitive Notes be issued upon the transfer or exchange of beneficial interests in the Legended
Regulation S Global Note other than in accordance with Section 2.07(c)(ii). Upon consummation of an Exchange Offer by the Company in accordance with Section 2.07(f), the requirements of this Section 2.07(b)(ii) shall be deemed to have
been satisfied upon receipt by the Registrar of the instructions contained in the Letter of Transmittal delivered by the holder of such beneficial interests in the Restricted Global Notes. Upon satisfaction of all of the requirements for transfer or
exchange of beneficial interests in Global Notes contained in 

  

 31 








 
this Indenture and the Notes or otherwise applicable under the Securities Act, the Trustee shall adjust the principal amount of the relevant Global Notes
pursuant to Section 2.07(i). 
  
 (iii)
Transfer of Beneficial Interests to Another Restricted Global Note. A beneficial interest in any Restricted Global Note may be transferred to a Person who takes delivery thereof in the form of a beneficial interest in another Restricted
Global Note if the transfer complies with the requirements of Section 2.07(b)(ii) above and the Registrar receives the following: 
  
 (A) if the transferee shall take delivery in the form of a beneficial interest in the 144A Global Note, then the transferor must deliver a
certificate in the form of Exhibit B, including the certifications in item (1) thereof; and 
  
 (B) if the transferee shall take delivery in the form of a beneficial interest in a Legended Regulation S Global Note, then the transferor
must deliver a certificate in the form of Exhibit B, including the certifications in item (2) thereof. 
  
 (iv) Transfer and Exchange of Beneficial Interests in a Restricted Global Note for Beneficial Interests in an Unrestricted Global
Note. A beneficial interest in any Restricted Global Note may be exchanged by any holder thereof for a beneficial interest in an Unrestricted Global Note or transferred to a Person who takes delivery thereof in the form of a beneficial interest
in an Unrestricted Global Note if the exchange or transfer complies with the requirements of Section 2.07(b)(ii) above and: 
  
 (A) such exchange or transfer is effected pursuant to the Exchange Offer in accordance with the Registration Rights Agreement and the
holder of the beneficial interest to be transferred, in the case of an exchange, or the transferee, in the case of a transfer, certifies in the applicable Letter of Transmittal that (1) it is not an affiliate (as defined in Rule 144) of
the Company, (2) it is not engaged in, and does not intend to engage in, and has no arrangement or understanding with any Person to participate in, a distribution of the Exchange Notes to be issued in the Exchange Offer and (3) it is
acquiring the Exchange Notes in its ordinary course of business; 
  
 (B) such transfer is effected pursuant to the Shelf Registration Statement (as defined in Section 1 of the Registration Rights Agreement) in accordance with the Registration Rights Agreement; 
  
 (C) such transfer is effected by a broker dealer pursuant to
the Exchange Offer Registration Statement in accordance with the Registration Rights Agreement; or 
  
 (D) the Registrar receives the following: 
  
 (1) if the holder of such beneficial interest in a Restricted Global Note proposes to exchange such beneficial interest for a beneficial


  

 32 








 
interest in an Unrestricted Global Note, a certificate from such holder in the form of Exhibit C, including the certifications in item
(1)(a) thereof; or 
  
 (2) if the holder of
such beneficial interest in a Restricted Global Note proposes to transfer such beneficial interest to a Person who shall take delivery thereof in the form of a beneficial interest in an Unrestricted Global Note, a certificate from such holder in the
form of Exhibit B, including the certifications in item (4) thereof; 
  
 and, in each such case set forth in this subparagraph (D), if the Registrar or the Company so requests or if the Applicable Procedures so require, an opinion of counsel in form reasonably acceptable to the
Registrar and the Company to the effect that such exchange or transfer is in compliance with the Securities Act and that the restrictions on transfer contained herein and in the Private Placement Legend are no longer required in order to maintain
compliance with the Securities Act. 
  
 If any such transfer is
effected pursuant to subparagraph (B) or (D) above at a time when an Unrestricted Global Note has not yet been issued, the Company shall issue and, upon receipt of an Authentication Order in accordance with Section 2.02 of this
Indenture, the Trustee shall authenticate one or more Unrestricted Global Notes in an aggregate principal amount equal to the aggregate principal amount of beneficial interests transferred pursuant to subparagraph (B) or (D) above.

  
 Beneficial interests in an Unrestricted Global Note cannot be
exchanged for, or transferred to Persons who take delivery thereof in the form of, a beneficial interest in a Restricted Global Note. 
  
 (c) Transfer or Exchange of Beneficial Interests for Definitive Notes. 
  
 (i) Beneficial Interests in Restricted Global Notes to Restricted Definitive Notes. If any holder of a beneficial
interest in a Restricted Global Note proposes to exchange such beneficial interest for a Restricted Definitive Note or to transfer such beneficial interest to a Person who takes delivery thereof in the form of a Restricted Definitive Note, then,
upon receipt by the Registrar of the following documentation: 
  
 (A) if the holder of such beneficial interest in a Restricted Global Note proposes to exchange such beneficial interest for a Restricted Definitive Note, a certificate from such holder in the form of Exhibit C,
including the certifications in item (2)(a) thereof; 
  
 (B) if such beneficial interest is being transferred to a QIB in accordance with Rule 144A under the Securities Act, a certificate to the effect set forth in Exhibit B, including the certifications in item
(1) thereof; 
  
 (C) if such beneficial
interest is being transferred to a Non-U.S. Person in an offshore transaction in accordance with Rule 903 or Rule 904 under the Securities Act, a certificate to the effect set forth in Exhibit B hereto, including the
certifications in item (2) thereof; 
  

 33 








 (D) if such beneficial interest is being transferred pursuant to an exemption from the
registration requirements of the Securities Act in accordance with Rule 144 under the Securities Act, a certificate to the effect set forth in Exhibit B hereto, including the certifications and opinion in item (3)(a) thereof;

  
 (E) if such beneficial interest is being
transferred to the Company or any of its Subsidiaries, a certificate to the effect set forth in Exhibit B, including the certifications in item (3)(b) thereof; or 
  
 (F) if such beneficial interest is being transferred pursuant to an effective registration statement under
the Securities Act, a certificate to the effect set forth in Exhibit B hereto, including the certifications in item 3(c) thereof, 
  
 the Trustee shall cause the aggregate principal amount of the applicable Global Note to be reduced accordingly pursuant to Section 2.07(i) of this Indenture, and the
Company shall execute and the Trustee shall authenticate and deliver to the Person designated in the instructions a Definitive Note in the appropriate principal amount. Any Definitive Note issued in exchange for a beneficial interest in a Restricted
Global Note pursuant to this Section 2.07(c) shall be registered in such name or names and in such authorized denomination or denominations as the holder of such beneficial interest shall instruct the Registrar through instructions from the
Depositary and the Participant or Indirect Participant. The Trustee shall deliver such Definitive Notes to the Persons in whose names such Notes are so registered. Any Definitive Note issued in exchange for a beneficial interest in a Restricted
Global Note pursuant to this Section 2.07(c)(i) shall bear the Private Placement Legend and shall be subject to all restrictions on transfer contained therein. 
  
 (ii) Beneficial Interests in Legended Regulation S Global Note to Definitive Notes. A beneficial interest in the
Legended Regulation S Global Note may not be exchanged for a Definitive Note or transferred to a Person who takes delivery thereof in the form of a Definitive Note prior to the expiration of the Restricted Period, except in the case of a transfer
pursuant to an exemption from the registration requirements of the Securities Act other than Rule 903 or Rule 904. 
  
 (iii) Beneficial Interests in Restricted Global Notes to Unrestricted Definitive Notes. A holder of a beneficial interest in a Restricted Global
Note may exchange such beneficial interest for an Unrestricted Definitive Note or may transfer such beneficial interest to a Person who takes delivery thereof in the form of an Unrestricted Definitive Note only if: 
  
 (A) such exchange or transfer is effected pursuant to the
Exchange Offer in accordance with the Registration Rights Agreement and the holder of such beneficial interest, in the case of an exchange, or the transferee, in the case of a transfer, certifies in the applicable Letter of Transmittal that
(1) it is not an affiliate (as defined in Rule 144) of the Company, (2) it is not engaged in, and does not intend to engage in, and has not arrangement or understanding with any Person to participate in, a distribution of the Exchange
Notes to be issued in the Exchange Offer and (3) it is acquiring the Exchange Notes in its ordinary course of business; 
  

 34 








 (B) such transfer is effected pursuant to the Shelf Registration Statement in accordance
with the Registration Rights Agreement; 
  
 (C)
such transfer is effected by a broker dealer pursuant to the Exchange Offer Registration Statement in accordance with the Registration Rights Agreement; or 
  
 (D) the Registrar receives the following: 
  
 (1) if the holder of such beneficial interest in a Restricted Global Note proposes to exchange such beneficial interest for a Definitive
Note that does not bear the Private Placement Legend, a certificate from such Holder in the form of Exhibit C, including the certifications in item (1)(b) thereof; or 
  
 (2) if the holder of such beneficial interest in a Restricted Global Note proposes to transfer such
beneficial interest to a Person who shall take delivery thereof in the form of a Definitive Note that does not bear the Private Placement Legend, a certificate from such Holder in the form of Exhibit B, including the certifications in item
(4) thereof; 
  
 and, in each such case set forth in this
subparagraph (D), if the Registrar or the Company so requests or if the Applicable Procedures so require, an opinion of counsel in form reasonably acceptable to the Registrar and the Company to the effect that such exchange or transfer is in
compliance with the Securities Act and that the restrictions on transfer contained herein and in the Private Placement Legend are no longer required in order to maintain compliance with the Securities Act. 
  
 (iv) Beneficial Interests in Unrestricted Global Notes to Unrestricted
Definitive Notes. If any holder of a beneficial interest in an Unrestricted Global Note proposes to exchange such beneficial interest for a Definitive Note or to transfer such beneficial interest to a Person who takes delivery thereof in the
form of a Definitive Note, then, upon satisfaction of the conditions set forth in Section 2.07(b)(ii), the Trustee shall cause the aggregate principal amount of the applicable Global Note to be reduced accordingly pursuant to
Section 2.07(i), and the Company shall execute and the Trustee shall authenticate and deliver to the Person designated in the instructions a Definitive Note in the appropriate principal amount. Any Definitive Note issued in exchange for a
beneficial interest pursuant to this Section 2.07(c)(iv) shall be registered in such name or names and in such authorized denomination or denominations as the holder of such beneficial interest shall instruct the Registrar through instructions
from the Depositary and the Participant or Indirect Participant. The Trustee shall deliver such Definitive Notes to the Persons in whose names such Notes are so registered. Any Definitive Note issued in exchange for a beneficial interest pursuant to
this Section 2.07(c)(iv) shall not bear the Private Placement Legend. 
  
 (d) Transfer and Exchange of Definitive Notes for Beneficial Interests. 
  
 (i) Restricted Definitive Notes to Beneficial Interests in Restricted Global Notes. If any Holder of a Restricted Definitive Note proposes to
exchange such Note for a 

  

 35 








 
beneficial interest in a Restricted Global Note or to transfer such Restricted Definitive Notes to a Person who takes delivery thereof in the form of a
beneficial interest in a Restricted Global Note, then, upon receipt by the Registrar of the following documentation: 
  
 (A) if the Holder of such Restricted Definitive Note proposes to exchange such Note for a beneficial interest in a Restricted Global Note,
a certificate from such Holder in the form of Exhibit C, including the certifications in item (2)(b) thereof; 
  
 (B) if such Restricted Definitive Note is being transferred to a QIB in accordance with Rule 144A, a certificate to the effect set forth
in Exhibit B, including the certifications in item (1) thereof; 
  
 (C) if such Restricted Definitive Note is being transferred to a Non-U.S. Person in an “offshore transaction” in accordance with Rule 903 or Rule 904, a certificate to the effect set forth in
Exhibit B, including the certifications in item (2) thereof; 
  
 (D) if such Restricted Definitive Note is being transferred pursuant to and in accordance with Rule 144 under the Securities Act, a certificate to the effect set forth in Exhibit B, including the certifications
in item (3)(a) thereof; 
  
 (E) if such
Restricted Definitive Note is being transferred to the Company or any of its Subsidiaries, a certificate to the effect set forth in Exhibit B, including the certifications in item (3)(b) thereof; or 
  
 (F) if such Restricted Definitive Note is being transferred
pursuant to an effective registration statement under the Securities Act and in compliance with the prospectus delivery requirements of the Securities Act, a certificate to the effect set forth in Exhibit B, including the certifications in
item (3)(c) thereof, 
  
 the Trustee shall cancel the Restricted Definitive
Note, and increase or cause to be increased the aggregate principal amount of, in the case of clause (A) above, the appropriate Restricted Global Note, in the case of clause (B) above, the 144A Global Note, and in the case of clause
(C) above, the Regulation S Global Note. 
  
 (ii)
Restricted Definitive Notes to Beneficial Interests in Unrestricted Global Notes. A Holder of a Restricted Definitive Note may exchange such Note for a beneficial interest in an Unrestricted Global Note or transfer such Restricted Definitive
Note to a Person who takes delivery thereof in the form of a beneficial interest in an Unrestricted Global Note only if: 
  
 (A) such exchange or transfer is effected pursuant to the Exchange Offer in accordance with the Registration Rights Agreement and the
Holder, in the case of an exchange, or the transferee, in the case of a transfer, certifies in the applicable Letter of Transmittal that (1) it is not an affiliate (as defined in Rule 144) of the Company, (2) it is not engaged in, and
does not intend to engage in, and has no arrangement or understanding with any Person to participate in, a 

  

 36 








 
distribution of the Exchange Notes to be issued in the Exchange Offer and (3) it is acquiring the Exchange Notes in its ordinary course of business;

  
 (B) such transfer is effected pursuant to the
Shelf Registration Statement in accordance with the Registration Rights Agreement; 
  
 (C) such transfer is effected by a broker dealer pursuant to the Exchange Offer Registration Statement in accordance with the Registration
Rights Agreement; or 
  
 (D) the Registrar
receives the following: 
  
 (1) if the Holder of
such Restricted Definitive Note proposes to exchange such Note for a beneficial interest in the Unrestricted Global Note, a certificate from such Holder in the form of Exhibit C, including the certifications in item (1)(c) thereof; or

  
 (2) if the Holder of such Restricted
Definitive Note proposes to transfer such Note to a Person who shall take delivery thereof in the form of a beneficial interest in the Unrestricted Global Note, a certificate from such Holder in the form of Exhibit B, including the
certifications in item (4) thereof; 
  
 and, in each such case set forth in
this subparagraph (D), if the Registrar or the Company so requests or if the Applicable Procedures so require, an opinion of counsel in form reasonably acceptable to the Registrar and the Company to the effect that such exchange or transfer is
in compliance with the Securities Act and that the restrictions on transfer contained herein and in the Private Placement Legend are no longer required in order to maintain compliance with the Securities Act. 
  
 Upon satisfaction of the conditions of any of the subparagraphs in this
Section 2.07(d)(ii), the Trustee shall cancel the Definitive Notes and increase or cause to be increased the aggregate principal amount of the Unrestricted Global Note. 
  
 (iii) Unrestricted Definitive Notes to Beneficial Interests in Unrestricted Global Notes. A Holder of an Unrestricted
Definitive Note may exchange such Note for a beneficial interest in an Unrestricted Global Note or transfer such Unrestricted Definitive Note to a Person who takes delivery thereof in the form of a beneficial interest in an Unrestricted Global Note
at any time. Upon receipt of a request for such an exchange or transfer, the Trustee shall cancel the applicable Unrestricted Definitive Note and increase or cause to be increased the aggregate principal amount of one of the Unrestricted Global
Notes. 
  
 If any such exchange or transfer from a Definitive Note
to a beneficial interest is effected pursuant to subparagraph (ii)(B), (ii)(D) or (iii) above at a time when an Unrestricted Global Note has not yet been issued, the Company shall issue and, upon receipt of an Authentication Order in accordance
with Section 2.02, the Trustee shall authenticate one or more Unrestricted Global Notes in an aggregate principal amount equal to the principal amount of Definitive Notes so transferred. 
  

 37 








 (e) Transfer and Exchange of Definitive Notes for Definitive Notes. Upon request by a Holder of
Definitive Notes and such Holder’s compliance with the provisions of this Section 2.07(e), the Registrar shall register the transfer or exchange of Definitive Notes. Prior to such registration of transfer or exchange, the requesting Holder
shall present or surrender to the Registrar the Definitive Notes duly endorsed or accompanied by a written instruction of transfer in form satisfactory to the Registrar duly executed by such Holder or by its attorney, duly authorized in writing. In
addition, the requesting Holder shall provide any additional certifications, documents and information, as applicable, required pursuant to the following provisions of this Section 2.07(e): 
  
 (i) Restricted Definitive Notes to Restricted Definitive
Notes. Any Restricted Definitive Note may be transferred to and registered in the name of Persons who take delivery thereof in the form of a Restricted Definitive Note if the Registrar receives the following: 
  
 (A) if the transfer shall be made pursuant to Rule 144A
under the Securities Act, then the transferor must deliver a certificate in the form of Exhibit B, including the certifications in item (1) thereof; 
  
 (B) if the transfer shall be made pursuant to Rule 903 or Rule 904, then the transferor must deliver a
certificate in the form of Exhibit B hereto, including the certifications in item (2) thereof; and 
  
 (C) if the transfer shall be made pursuant to any other exemption from the registration requirements of the Securities Act, then the
transferor must deliver a certificate in the form of Exhibit B, including the certifications, certificates and Opinion of Counsel required by item (3) thereof, if applicable. 
  
 (ii) Restricted Definitive Notes to Unrestricted Definitive Notes. Any Restricted Definitive Note may
be exchanged by the Holder thereof for an Unrestricted Definitive Note or transferred to a Person or Persons who take delivery thereof in the form of an Unrestricted Definitive Note if: 
  
 (A) such exchange or transfer is effected pursuant to the Exchange Offer in accordance with the Registration
Rights Agreement and the Holder, in the case of an exchange, or the transferee, in the case of a transfer, certifies in the applicable Letter of Transmittal that (1) it is not an affiliate (as defined in Rule 144) of the Company,
(2) it is not engaged in, and does not intend to engage in, and has no arrangement or understanding with any Person to participate in, a distribution of the Exchange Notes to be issued in the Exchange Offer and (3) it is acquiring the
Exchange Notes in its ordinary course of business; 
  
 (B) any such transfer is effected pursuant to the Shelf Registration Statement in accordance with the Registration Rights Agreement; 
  
 (C) any such transfer is effected by a broker dealer pursuant to the Exchange Offer Registration Statement in accordance with the
Registration Rights Agreement; or 
  

 38 








 (D) the Registrar receives the following: 
  
 (1) if the Holder of such Restricted Definitive Note proposes to exchange such Note for an Unrestricted
Definitive Note, a certificate from such Holder in the form of Exhibit C, including the certifications in item (1)(d) thereof; or 
  
 (2) if the Holder of such Restricted Definitive Note proposes to transfer such Note to a Person who shall take delivery thereof in the
form of an Unrestricted Definitive Note, a certificate from such Holder in the form of Exhibit B, including the certifications in item (4) thereof; 
  

and, in each such case set forth in this subparagraph (D), if the Registrar so requests, an opinion of counsel in form reasonably acceptable to
the Company to the effect that such exchange or transfer is in compliance with the Securities Act and that the restrictions on transfer contained herein and in the Private Placement Legend are no longer required in order to maintain compliance with
the Securities Act. 
  
 (iii) Unrestricted
Definitive Notes to Unrestricted Definitive Notes. A Holder of Unrestricted Definitive Notes may transfer such Notes to a Person who takes delivery thereof in the form of an Unrestricted Definitive Note. Upon receipt of a request to register
such a transfer, the Registrar shall register the Unrestricted Definitive Notes pursuant to the instructions from the Holder thereof. 
  
 (f) Exchange Offer. Upon the occurrence of the Exchange Offer in accordance with the Registration Rights Agreement, the Company shall issue and,
upon receipt of an Authentication Order in accordance with Section 2.02, the Trustee shall authenticate (i) one or more Unrestricted Global Notes in an aggregate principal amount equal to the principal amount of the beneficial interests in
the Restricted Global Notes tendered for acceptance by Persons that certify in the applicable Letters of Transmittal that (x) they are not affiliates (as defined in Rule 144) of the Company, (y) they are not engaged in, and do not
intend to engage in, and have no arrangement or understanding with any Person to participate in, a distribution of the Exchange Notes to be issued in the Exchange Offer and (z) they are acquiring the Exchange Notes in their ordinary course of
business and (ii) Unrestricted Definitive Notes in an aggregate principal amount equal to the principal amount of the Restricted Definitive Notes tendered for acceptance by Persons that certify in writing to the Trustee that (x) they are
not affiliates (as defined in Rule 144) of the Company, (y) they are not engaged in, and do not intend to engage in, and have no arrangement or understanding with any Person to participate in, a distribution of the Exchange Notes to be
issued in the Exchange Offer and (z) they are acquiring the Exchange Notes in their ordinary course of business. Concurrently with the issuance of such Notes, the Trustee shall cause the aggregate principal amount of the applicable Restricted
Global Notes to be reduced accordingly and the Company shall execute and the Trustee shall authenticate and deliver to the Persons designated by the Holders of Restricted Global Notes so accepted Unrestricted Global Notes in the appropriate
principal amount. 
  

 39 








 (g) Legends. The following legends shall appear on the face of all Global Notes and Definitive
Notes issued under this Indenture unless specifically stated otherwise in the applicable provisions of this Indenture. 
  
 (i) Private Placement Legend. Except as permitted below, each Global Note and each Definitive Note (and all Notes issued in
exchange therefor or substitution thereof) shall bear the legend in substantially the following form: 
  
 THIS NOTE (OR ITS PREDECESSORS) EVIDENCED HEREBY WAS ORIGINALLY ISSUED IN A TRANSACTION EXEMPT FROM REGISTRATION UNDER THE UNITED STATES SECURITIES ACT OF
1933 (THE “SECURITIES ACT”), AND THIS NOTE MAY NOT BE OFFERED, SOLD OR OTHERWISE TRANSFERRED IN THE ABSENCE OF SUCH REGISTRATION OR AN APPLICABLE EXEMPTION THEREFROM. EACH PURCHASER OF THIS NOTE IS HEREBY NOTIFIED THAT THE SELLER OF THIS
NOTE MAY BE RELYING ON THE EXEMPTION FROM THE PROVISIONS OF SECTION 5 OF THE SECURITIES ACT PROVIDED BY RULE 144A THEREUNDER. THE HOLDER OF THIS NOTE AGREES FOR THE BENEFIT OF THE COMPANY THAT (A) THIS NOTE MAY BE OFFERED, RESOLD, PLEDGED OR
OTHERWISE TRANSFERRED, ONLY (I) TO THE COMPANY OR ANY SUBSIDIARY THEREOF, (II) IN THE UNITED STATES TO A PERSON WHOM THE SELLER REASONABLY BELIEVES IS A QUALIFIED INSTITUTIONAL BUYER (AS DEFINED IN RULE 144A UNDER THE SECURITIES ACT) IN A
TRANSACTION MEETING THE REQUIREMENTS OF RULE 144A, (III) OUTSIDE THE UNITED STATES IN AN OFFSHORE TRANSACTION IN ACCORDANCE WITH RULE 904 UNDER THE SECURITIES ACT, (IV) PURSUANT TO AN EXEMPTION FROM REGISTRATION UNDER THE SECURITIES ACT PROVIDED BY
RULE 144 THEREUNDER (IF AVAILABLE) OR (V) PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT, IN EACH OF CASES (I) THROUGH (V) IN ACCORDANCE WITH ANY APPLICABLE SECURITIES LAWS OF ANY STATE OF THE UNITED STATES,
AND (B) THE HOLDER WILL, AND EACH SUBSEQUENT HOLDER IS REQUIRED TO, NOTIFY ANY PURCHASER OF THIS NOTE FROM IT OF THE RESALE RESTRICTIONS REFERRED TO IN (A) ABOVE. 
  
 Notwithstanding the foregoing, any Global Note or Definitive Note issued pursuant to subparagraph (b)(iv),
(c)(iii), (c)(iv), (d)(ii), (d)(iii), (e)(ii), (e)(iii) or (f) of this Section 2.07 (and all Notes issued in exchange therefor or substitution thereof) shall not bear the Private Placement Legend. 
  
 (ii) Global Note Legend. Each Global Note shall bear
a legend in substantially the following form: 
  
 THIS GLOBAL
NOTE IS HELD BY THE DEPOSITARY (AS DEFINED IN THE INDENTURE GOVERNING THIS NOTE) OR ITS NOMINEE IN 

  

 40 








 
CUSTODY FOR THE BENEFIT OF THE BENEFICIAL OWNERS HEREOF, AND IS NOT TRANSFERABLE TO ANY PERSON UNDER ANY CIRCUMSTANCES EXCEPT THAT (I) THE TRUSTEE MAY
MAKE SUCH NOTATIONS HEREON AS MAY BE REQUIRED PURSUANT TO SECTION 2.07 OF THE INDENTURE, (II) THIS GLOBAL NOTE MAY BE EXCHANGED IN WHOLE BUT NOT IN PART PURSUANT TO SECTION 2.07(a) OF THE INDENTURE, (III) THIS GLOBAL NOTE MAY BE DELIVERED TO THE
TRUSTEE FOR CANCELLATION PURSUANT TO SECTION 2.12 OF THE INDENTURE AND (IV) THIS GLOBAL NOTE MAY BE TRANSFERRED TO A SUCCESSOR DEPOSITARY WITH THE PRIOR WRITTEN CONSENT OF THE COMPANY. 
  
 (h) Regulation S Global Note Legend. The Regulation S Global Note shall bear a legend in substantially the following
form: 
  
 THE RIGHTS ATTACHING TO THIS REGULATION S GLOBAL NOTE,
AND THE CONDITIONS AND PROCEDURES GOVERNING ITS EXCHANGE FOR CERTIFICATED NOTES, ARE AS SPECIFIED IN THE INDENTURE (AS DEFINED HEREIN). 
  
 (i) Cancellation and/or Adjustment of Global Notes. At such time as all beneficial interests in a particular Global Note have been exchanged for
Definitive Notes or a particular Global Note has been redeemed, repurchased or canceled in whole and not in part, each such Global Note shall be returned to or retained and canceled by the Trustee in accordance with Section 2.12. At any time
prior to such cancellation, if any beneficial interest in a Global Note is exchanged for or transferred to a Person who shall take delivery thereof in the form of a beneficial interest in another Global Note or for Definitive Notes, the principal
amount of Notes represented by such Global Note shall be reduced accordingly and an endorsement shall be made on such Global Note by the Trustee or by the Depositary at the direction of the Trustee to reflect such reduction; and if the beneficial
interest is being exchanged for or transferred to a Person who shall take delivery thereof in the form of a beneficial interest in another Global Note, such other Global Note shall be increased accordingly and an endorsement shall be made on such
Global Note by the Trustee or by the Depositary at the direction of the Trustee to reflect such increase. 
  
 (j) General Provisions Relating to Transfers and Exchanges. 
  
 (i) To permit registrations of transfers and exchanges, the Company shall execute and the Trustee shall authenticate Global
Notes and Definitive Notes upon the Company’s order or at the Registrar’s request. 
  
 (ii) No service charge shall be made to a Holder of a beneficial interest in a Global Note or to a Holder of a Definitive Note for any registration of transfer or exchange, but the Company may require payment of a sum
sufficient to cover any transfer tax or similar governmental charge payable in connection therewith (other than any such transfer taxes or similar governmental charge payable upon exchange or transfer pursuant to Sections 2.11, 3.06, 3.08, 4.10,
4.14 and 9.05). 
  

 41 








 (iii) The Registrar shall not be required to register the transfer of or exchange any Note selected for
redemption in whole or in part, except the unredeemed portion of any Note being redeemed in part. 
  
 (iv) All Global Notes and Definitive Notes issued upon any registration of transfer or exchange of Global Notes or Definitive Notes shall be the valid and
legally binding obligations of the Company, evidencing the same debt, and entitled to the same benefits under this Indenture, as the Global Notes or Definitive Notes surrendered upon such registration of transfer or exchange. 
  
 (v) The Company shall not be required (A) to issue, to register the
transfer of or to exchange any Notes during a period beginning at the opening of business 15 days before the day of any selection of Notes for redemption under Section 3.02 and ending at the close of business on the day of selection,
(B) to register the transfer of or to exchange any Note so selected for redemption in whole or in part, except the unredeemed portion of any Note being redeemed in part, (C) to register the transfer of or to exchange a Note between a
record date and the next succeeding interest payment date or (D) to register the transfer of or to exchange a Note tendered and not withdrawn in connection with a Change of Control Offer or an Asset Sale Offer. 
  
 (vi) Prior to due presentment for the registration of a transfer of any Note,
the Trustee, any Agent and the Company may deem and treat the Person in whose name any Note is registered as the absolute owner of such Note for the purpose of receiving payment of principal of and interest on such Notes and for all other purposes,
and none of the Trustee, any Agent or the Company shall be affected by notice to the contrary. 
  
 (vii) The Trustee shall authenticate Global Notes and Definitive Notes in accordance with the provisions of Section 2.02. 
  

(viii) All certifications, certificates and opinions of counsel required to be submitted to the Registrar pursuant to this Section 2.07 to effect
a registration of transfer or exchange may be submitted by facsimile. 
  
 Section 2.08. Replacement Notes. 
  
 (a) If any mutilated Note is surrendered to the Trustee or the Company and the Trustee receives evidence to its satisfaction of the destruction, loss or theft of any Note, the Company shall issue and the Trustee, upon
receipt of an Authentication Order, shall authenticate a replacement Note if the Trustee’s and the Company’s requirements are met. If required by the Trustee or the Company, an indemnity bond must be supplied by the Holder that is
sufficient in the judgment of the Trustee and the Company to protect the Company, the Trustee, any Agent and any authenticating agent from any loss that any of them may suffer if a Note is replaced. The Company may charge for its expenses in
replacing a Note. 
  
 (b) Every replacement Note is an additional
obligation of the Company and shall be entitled to all of the benefits of this Indenture equally and proportionately with all other Notes duly issued hereunder. 
  


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 Section 2.09. Outstanding Notes. 
  
 (a) The Notes outstanding at any time are all the Notes authenticated by the
Trustee except for those canceled by it, those delivered to it for cancellation, those reductions in the interest in a Global Note effected by the Trustee in accordance with the provisions hereof, and those described in this Section as not
outstanding. Except as set forth in Section 2.10, a Note does not cease to be outstanding because the Company or an Affiliate of the Company holds the Note; however, Notes held by the Company or a Subsidiary of the Company shall not be deemed
to be outstanding for purposes of Section 3.07(a) or 3.08. 
  
 (b) If a Note is replaced pursuant to Section 2.08, it ceases to be outstanding unless the Trustee receives proof satisfactory to it that the replaced Note is held by a bona fide purchaser or protected purchaser. 
  
 (c) If the principal, premium or Additional Interest, or interest of any Note
is considered paid under Section 4.01, it ceases to be outstanding and interest on it ceases to accrue. 
  
 (d) If the Paying Agent (other than the Company, a Subsidiary of the Company or an Affiliate of any of the foregoing) holds, on a redemption date or
maturity date, money sufficient to pay Notes payable on that date, then on and after that date such Notes shall be deemed to be no longer outstanding and shall cease to accrue interest. 
  
 Section 2.10. Treasury Notes. 
  
 In determining whether the Holders of the required principal amount of Notes have concurred in any direction, waiver or
consent, Notes owned by the Company, or by any Person directly or indirectly controlling or controlled by or under direct or indirect common control with the Company, shall be considered as though not outstanding, except that for the purposes of
determining whether the Trustee shall be protected in relying on any such direction, waiver or consent, only Notes that the Trustee knows are so owned shall be so disregarded. 
  
 Section 2.11. Temporary Notes. 
  
 (a) Until certificates representing Notes are ready for delivery, the Company may prepare and the Trustee, upon receipt of
an Authentication Order, shall authenticate temporary Notes. Temporary Notes shall be substantially in the form of Definitive Notes but may have variations that the Company considers appropriate for temporary Notes and as shall be reasonably
acceptable to the Trustee. Without unreasonable delay, the Company shall prepare and the Trustee shall authenticate definitive Notes in exchange for temporary Notes. 
  
 (b) Holders of temporary Notes shall be entitled to all of the benefits of this Indenture. 
  
 Section 2.12. Cancellation. 
  
 The Company at any time may deliver Notes to the Trustee for cancellation.
The Registrar and Paying Agent shall forward to the Trustee any Notes surrendered to them for registration of transfer, exchange or payment. The Trustee and no one else shall cancel all Notes 

  

 43 








 
surrendered for registration of transfer, exchange, payment, replacement or cancellation and shall dispose of canceled Notes in accordance with its
procedures for the disposition of canceled securities in effect as of the date of such disposition (subject to the record retention requirement of the Exchange Act). Certification of the disposition of all canceled Notes shall be delivered to the
Company. The Company may not issue new Notes to replace Notes that it has paid or that have been delivered to the Trustee for cancellation. 
  
 Section 2.13. Defaulted Interest. 
  
 If the Company defaults in a payment of interest on the Notes, it shall pay the defaulted interest in any lawful manner plus, to the extent lawful,
interest payable on the defaulted interest, to the Persons who are Holders on a subsequent special record date, in each case at the rate provided in the Notes and in Section 4.01. The Company shall notify the Trustee in writing of the amount of
defaulted interest proposed to be paid on each Note and the date of the proposed payment. The Company shall fix or cause to be fixed each such special record date and payment date, provided that no such special record date shall be less than
10 days prior to the related payment date for such defaulted interest. At least 15 days before the special record date, the Company (or, upon the written request of the Company, the Trustee in the name and at the expense of the Company) shall mail
or cause to be mailed to Holders a notice that states the special record date, the related payment date and the amount of such interest to be paid. 
  
 Section 2.14. CUSIP Numbers. 
  
 The Company in issuing the Notes may use “CUSIP” numbers (if then generally in use), and, if so, the Trustee shall use “CUSIP” numbers
in notices of redemption as a convenience to 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 as contained in any notice of a redemption
and that reliance may be placed only on the other identification numbers printed on the Notes, and any such redemption shall not be affected by any defect in or omission of such numbers. The Company shall promptly notify the Trustee of any change in
the “CUSIP” numbers. 
  
 ARTICLE THREE 

REDEMPTION AND OFFERS TO 
 PURCHASE

  
 Section 3.01. Notices to Trustee.

  
 If the Company elects to redeem Notes pursuant to the
optional redemption provisions of Section 3.07, it shall furnish to the Trustee, at least 30 days but not more than 60 days before a redemption date, an Officers’ Certificate setting forth (i) the clause of this Indenture pursuant to
which the redemption shall occur, (ii) the redemption date, (iii) the principal amount of Notes to be redeemed and (iv) the redemption price. Any redemption referenced in such Officers’ Certificates may be canceled by the Company
at any time prior to notice of redemption being mailed to any Holder and thereafter shall be null and void. 
  

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 Section 3.02. Selection of Notes to Be Redeemed. 
  
 If less than all of the Notes are to be redeemed at any time, the Trustee
shall select the Notes for redemption as follows: 
  
 (a) if the Notes are listed on any national securities exchange, in compliance with the requirements of such principal national securities exchange; or 
  
 (b) if the Notes are not so listed, on a pro rata basis, by lot or by such method as the Trustee shall deem
fair and appropriate. 
  
 No Notes of $1,000 principal amount or
less shall be redeemed in part. Notices of redemption shall be mailed by first class mail at least 30 but not more than 60 days before the redemption date to each Holder of Notes to be redeemed at its registered address. Notices of redemption may
not be conditional. 
  
 If any Note is to be redeemed in part
only, the notice of redemption that relates to that Note shall state the portion of the principal amount thereof to be redeemed. A new Note in principal amount equal to the unredeemed portion of the original Note shall be issued in the name of the
Holder thereof upon cancellation of the original Note. Notes called for redemption become due on the date fixed for redemption. On and after the redemption date, interest ceases to accrue on Notes or portions of them called for redemption.

  
 Section 3.03. Notice of Redemption.

  
 (a) At least 30 days but not more than 60 days before a
redemption date, the Company shall mail or cause to be mailed, by first class mail, a notice of redemption to each Holder whose Notes are to be redeemed at its registered address, except that redemption notices may be mailed more than 60 days prior
to a redemption date if the notice is issued in connection with a defeasance of the Notes or a satisfaction and discharge of this Indenture. 
  
 The notice shall identify the Notes to be redeemed and shall state: 
  
 (i) the redemption date; 
  
 (ii) the redemption price; 
  
 (iii) if any Note is being redeemed in part, the portion of the principal amount of such Note to be redeemed
and that, after the redemption date upon surrender of such Note, a new Note or Notes in principal amount equal to the unredeemed portion of the original Note shall be issued in the name of the Holder thereof upon cancellation of the original Note;

  
 (iv) the name and address of the Paying
Agent; 
  
 (v) that Notes called for redemption
must be surrendered to the Paying Agent to collect the redemption price and become due on the date fixed for redemption; 
  

 45 








 (vi) that, unless the Company defaults in making such redemption payment, interest, if
any, on Notes called for redemption ceases to accrue on and after the redemption date; 
  
 (vii) the paragraph of the Notes and/or Section of this Indenture pursuant to which the Notes called for redemption are being redeemed;
and 
  
 (viii) that no representation is made as
to the correctness or accuracy of the CUSIP number, if any, listed in such notice or printed on the Notes. 
  
 (b) At the Company’s request, the Trustee shall give the notice of redemption in the Company’s name and at its expense; provided,
however, that the Company shall have delivered to the Trustee, at least 45 days prior to the redemption date, an Officers’ Certificate requesting that the Trustee give such notice and setting forth the information to be stated in such
notice as provided in the preceding paragraph. The notice, if mailed in the manner provided herein shall be presumed to have been given, whether or not the Holder receives such notice. 
  
 Section 3.04. Effect of Notice of Redemption. 
  
 Once notice of redemption is mailed in accordance with Section 3.03,
Notes called for redemption become irrevocably due and payable on the redemption date at the redemption price. Interest, if any, on Notes called for redemption ceases to accrue on and after the redemption date, unless the Company defaults in making
the applicable redemption payment. A notice of redemption may not be conditional. Any defect in or failure to give notice prescribed by this paragraph shall not affect the validity of the proceedings for the redemption of any note. 
  
 Section 3.05. Deposit of Redemption Price.

  
 (a) Not later than 12:00 p.m. (noon) Eastern Time on the
redemption date, the Company shall deposit with the Trustee or with the Paying Agent money sufficient to pay the redemption price of and accrued and unpaid interest, if any, on all Notes to be redeemed on that date. The Trustee or the Paying Agent
shall promptly return to the Company any money deposited with the Trustee or the Paying Agent by the Company in excess of the amounts necessary to pay the redemption price of, and accrued and unpaid interest on, all Notes to be redeemed. 

 
 (b) If the Company complies with the provisions of Section 3.05(a),
on and after the redemption date, interest shall cease to accrue on the Notes or the portions of Notes called for redemption. If a Note is redeemed on or after an interest record date but on or prior to the related interest payment date, then any
accrued and unpaid interest shall be paid to the Person in whose name such Note was registered at the close of business on such record date. If any Note called for redemption shall not be so paid upon surrender for redemption because of the failure
of the Company to comply with Section 3.05(a), interest shall be paid on the unpaid principal from the redemption date until such principal is paid and to the extent lawful on any interest not paid on such unpaid principal, in each case, at the
rate provided in the Notes and in Section 4.01. 
  

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 Section 3.06. Notes Redeemed in Part. 
  
 Upon surrender and cancellation of a Note that is redeemed in part, the
Company shall issue and the Trustee shall authenticate for the Holder at the expense of the Company a new Note equal in principal amount to the unredeemed portion of the Note surrendered. No Notes in denominations of $1,000 or less shall be redeemed
in part. 
  
 Section 3.07. Optional
Redemption. 
  
 (a) At any time prior to October 15,
2007, the Company may redeem up to 35% of the aggregate principal amount of Notes issued under this Indenture (including any Additional Notes) at a redemption price of 100% of the principal amount thereof plus a premium equal to the interest rate
per annum on the Notes applicable on the date on which notice of redemption is given, together with accrued and unpaid interest and Additional Interest, if any, thereon to the redemption date, with the net cash proceeds of one or more Equity
Offerings; provided that: 
  
 (i) at least
65% of the aggregate principal amount of Notes issued under this Indenture (including any Additional Notes) remains outstanding immediately after the occurrence of such redemption (excluding Notes held by the Company or its Affiliates); and

  
 (ii) the redemption must occur within 45 days
of the date of the closing of such Equity Offering. 
  
 (b) Except
pursuant to Section 3.07(a), the Company shall not have the option to redeem the Notes prior to October 15, 2007. On or after October 15, 2007, the Company may redeem all or a part of the Notes upon not less than 30 nor more than 60
days’ notice, at the redemption prices (expressed as percentages of principal amount) set forth below plus accrued and unpaid interest and Additional Interest, if any thereon, to the applicable redemption date, if redeemed during the
twelve-month period beginning on October 15 of the years indicated below: 
  

				
	 Year

	  	Percentage

	 
	 2007
	  	103.000	%
	 2008
	  	101.500	%
	 2009 and thereafter
	  	100.000	%

  
 (c) Any redemption
pursuant to this Section 3.07 shall be made in accordance with the provisions of Sections 3.01 through 3.06. 
  
 Section 3.08. Repurchase Offers. 
  
 In the event that, pursuant to Sections 4.10 and 4.14, the Company shall be required to commence an offer to all Holders to purchase all or a
portion of their respective 

  

 47 








 
Notes (a “Repurchase Offer”), it shall follow the procedures specified in such Sections and, to the extent not inconsistent therewith, the
procedures specified below. 
  
 The Repurchase Offer shall remain
open for a period of no less than 30 days and no more than 60 days following its commencement, except to the extent that a longer period is required by applicable law (the “Offer Period”). No later than five Business Days after the
termination of the Offer Period (the “Purchase Date”), the Company shall purchase the principal amount of Notes required to be purchased pursuant to Section 4.10 or 4.14 (the “Offer Amount”) or, if less
than the Offer Amount has been tendered, all Notes tendered in response to the Repurchase Offer. Payment for any Notes so purchased shall be made in the same manner as interest payments are made. 
  
 If the Purchase Date is on or after an interest record date and on or before
the related interest payment date, any accrued and unpaid interest shall be paid to the Person in whose name a Note is registered at the close of business on such record date, and no additional interest shall be payable to Holders who tender Notes
pursuant to the Repurchase Offer. 
  
 Upon the commencement of a
Repurchase Offer, the Company shall send, by first class mail, a notice to the Trustee and each of the Holders, with a copy to the Trustee. The notice shall contain all instructions and materials necessary to enable such Holders to tender Notes
pursuant to the Repurchase Offer. At the Company’s request, the Trustee shall give notice of the Repurchase Offer and at the Company’s expense. The Repurchase Offer shall be made to all Holders. The notice, which shall govern the terms of
the Repurchase Offer, shall state: 
  
 (a) that
the Repurchase Offer is being made pursuant to this Section 3.09 and Section 4.10 or 4.14, and the length of time the Repurchase Offer shall remain open; 
  
 (b) the Offer Amount, the purchase price and the Purchase Date; 
  
 (c) that any Note not tendered or accepted for payment shall
continue to accrue interest; 
  
 (d) that, unless
the Company defaults in making such payment, any Note (or portion thereof) accepted for payment pursuant to the Repurchase Offer shall cease to accrue interest after the Purchase Date; 
  
 (e) that Holders electing to have a Note purchased pursuant to a Repurchase Offer may elect to have Notes
purchased in integral multiples of $1,000 only; 
  
 (f) that Holders electing to have a Note purchased pursuant to any Repurchase Offer shall be required to surrender the Note, with the form entitled “Option of Holder to Elect Purchase” on the reverse of the Note completed, or
transfer by book-entry transfer, to the Company, a depositary, if appointed by the Company, or a Paying Agent at the address specified in the notice at least three days before the Purchase Date; 
  
 (g) that Holders shall be entitled to withdraw their
election if the Company, the Depositary or the Paying Agent, as the case may be, receives, not later than the 

  

 48 








 
expiration of the Offer Period, a telegram, telex, facsimile transmission or letter setting forth the name of the Holder, the principal amount of the Note
the Holder delivered for purchase and a statement that such Holder is withdrawing his election to have such Note purchased; 
  
 (h) that, if the aggregate principal amount of Notes surrendered by Holders exceeds the Offer Amount, the Trustee shall select the Notes
to be purchased pursuant to the terms of Section 3.02 hereof (with such adjustments as may be deemed appropriate by the Trustee so that only Notes in denominations of $1,000 principal amount, or integral multiples thereof, shall be purchased);
and 
  
 (i) that Holders whose Notes were
purchased only in part shall be issued new Notes equal in principal amount to the unpurchased portion of the Notes surrendered (or transferred by book-entry transfer). 
  
 On or before the Purchase Date, the Company shall, to the extent lawful, subject in the case of a Repurchase Offer made
pursuant to Section 4.10 to the provisions of Section 4.10, accept for payment on a pro rata basis to the extent necessary, the Offer Amount of Notes (or portions thereof) tendered pursuant to the Repurchase Offer, or if less than the
Offer Amount has been tendered, all Notes tendered, and shall deliver to the Trustee an Officers’ Certificate stating that such Notes (or portions thereof) were accepted for payment by the Company in accordance with the terms of this
Section 3.08. The Company, the Depositary or the Paying Agent, as the case may be, shall promptly (but in any case not later than five days after the Purchase Date) mail or deliver to each tendering Holder an amount equal to the purchase price
of Notes tendered by such Holder, as the case may be, and accepted by the Company for purchase, and the Company shall promptly issue a new Note. The Trustee, upon written request from the Company shall authenticate and mail or deliver such new Note
to such Holder, in a principal amount equal to any unpurchased portion of the Note surrendered. Any Note not so accepted shall be promptly mailed or delivered by the Company to the respective Holder thereof. The Company shall publicly announce the
results of the Repurchase Offer on the Purchase Date. 
  
 The
Company shall comply with the requirements of Rule 14e-1 under the Exchange Act and any other securities laws and regulations thereunder to the extent such laws or regulations are applicable in connection with the repurchase of the Notes pursuant to
a Repurchase Offer. To the extent that the provisions of any securities laws or regulations conflict with 3.08, 4.10 or 4.14, the Company shall comply with the applicable securities laws and regulations and shall not be deemed to have breached its
obligations under Section 3.08, 4.10 or 4.14 by virtue of such compliance. 
  
 ARTICLE FOUR 
 COVENANTS 
  
 Section 4.01. Payment of Notes. 
  
 (a) The Company shall pay or cause to be paid the principal of, and premium, if any, interest and Additional Interest, if
any, on, the Notes on the dates and in the manner provided in the Notes. Principal, premium, if any, interest and Additional Interest, if any, shall 

  

 49 








 
be considered paid on the date due if the Paying Agent, if other than the Company or one of its Subsidiaries, holds as of 12:00 p.m. (noon) Eastern Time on
the due date money deposited by the Company in immediately available funds and designated for and sufficient to pay all principal, premium, interest and Additional Interest, if any, and interest then due. 
  
 (b) The Company shall pay interest (including post-petition interest in any
proceeding under any Bankruptcy Law) on overdue principal and premium, if any, at the rate equal to 1% per annum in excess of the then applicable interest rate on the Notes to the extent lawful; it shall pay interest (including post-petition
interest in any proceeding under any Bankruptcy Law) on overdue installments of interest (without regard to any applicable grace periods) from time to time on demand at the same rate to the extent lawful. 
  
 Section 4.02. Maintenance of Office or Agency.

  
 (a) The Company shall maintain in the Borough of Manhattan,
The City of New York, an office or agency (which may be an office of the Trustee or Registrar or agent of the Trustee or Registrar) where Notes may be surrendered for registration of transfer or for exchange and where notices and demands to or upon
the Company in respect of the Notes and this Indenture may be served. The Company shall 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 of the Trustee. 
  
 (b) The Company may also from time to time designate 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, however, that no such designation or rescission shall in any manner relieve
the Company of its obligation to maintain an office or agency in the Borough of Manhattan, The City of New York for such purposes. The Company shall 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. 
  
 (c) The
Company hereby designates the Corporate Trust Office of the Trustee as one such office or agency of the Company in accordance with Section 2.04. 
  
 Section 4.03. Reports. 
  
 The Company will furnish to the Trustee and, upon request, to beneficial owners and prospective investors a copy of all of the information and reports
referred to in clauses (a) and (b) below within the time periods specified in the Commission’s rules and regulations: 
  
 (a) all quarterly and annual financial and (solely with respect to Form 10-K) other information (other than such information, certificates
and attestations required under Items 307 and 308 of Regulation S-K under the Securities Act and Rules 15d-14 and 15d-15 under the Exchange Act) that would be required to be contained in a filing with the Commission on Forms 10-Q
and 10-K if the Company were required to file such Forms, including a “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and, with respect to the annual information only, a report on the 

  

 50 








 
annual financial statements by the Company’s certified independent accountants (provided, however, that (i) the obligation to furnish
to the Trustee the report on Form 10-K with respect to the 2005 fiscal year shall be deemed satisfied if the Company shall have filed the Exchange Offer Registration Statement by March 31, 2006 and such registration statement contains the
information required by this clause (a) with respect to such 2005 fiscal year and (ii) the deadline for furnishing to the Trustee the report on Form 10-Q with respect to the fiscal quarter ended June 30, 2005 shall be
September 10, 2005 and the Company shall include in its report on Form 10-Q with respect to the fiscal quarter ended June 30, 2005, to the extent not already required to be included, all information required under Items 1.03, 2.01, 2.03,
2.04, 2.05, 2.06, 4.01, 4.02, 5.02 and 5.03 of Form 8-K to be included in any current report on Form 8-K that would otherwise be required to be provided pursuant to the Commission’s rules and regulations by a date prior to September 10,
2005); and 
  
 (b) all current reports that would
be required to be filed with the Commission on Form 8-K if the Company were required to file such reports (provided, however, that the obligation to furnish to the Trustee any such current report shall commence on and as of
September 10, 2005). 
  
 After consummation of the Exchange
Offer contemplated by the Registration Rights Agreement, whether or not required by the Commission, the Company will comply with the periodic reporting requirements of the Exchange Act and will file the reports specified in the preceding paragraph
with the Commission within the time periods specified above unless the Commission will not accept such a filing. The Company shall not take any action for the purpose of causing the Commission not to accept any such filings. If, notwithstanding the
foregoing, the Commission will not accept the Company’s filings for any reason, the Company will post the reports referred to in the preceding paragraph on its website within the time periods that would apply if the Company were required to
file those reports with the Commission. 
  
 If the Company has
designated any of its Subsidiaries as Unrestricted Subsidiaries, then the quarterly and annual financial information required by this covenant will include a reasonably detailed presentation, either on the face of the financial statements or in the
footnotes thereto and in “Management’s Discussion and Analysis of Financial Condition and Results of Operations,” of the financial condition and results of operations of the Company and its Restricted Subsidiaries separate from the
financial condition and results of operations of the Unrestricted Subsidiaries of the Company. 
  
 Notwithstanding the foregoing, so long as Holdings is a Guarantor, the reports, information and other documents required to be filed and provided as described above will be those of Holdings, rather than those of the
Company, provided, however, that financial information with respect to the Company satisfying the requirements described above are included in such reports, information and other documents of Holdings and such reports, information and
other documents of Holdings would satisfy the Commission’s requirements in lieu of the Company’s reports, information and other documents. 
  

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 In addition, the Company and the Guarantors shall, for so long as any Notes remain outstanding, furnish
to the Holders and to prospective investors, upon their request, the information required to be delivered pursuant to Rule 144A(d)(4) under the Securities Act. 
  
 Section 4.04. Compliance Certificate. 
  
 (a) The Company shall deliver to the Trustee, within 120 days after the end of each fiscal year, an Officers’
Certificate stating that a review of the activities of the Company, Holdings and the Subsidiaries of the Company during the preceding fiscal year has been made under the supervision of the signing Officers with a view to determining whether the
Company has kept, observed, performed and fulfilled its obligations under this Indenture, the Collateral Documents and the Intercreditor Agreement, and further stating, as to each such Officer signing such certificate, that to his or her knowledge,
the Company has kept, observed, performed and fulfilled its obligations under this Indenture, the Collateral Documents and the Intercreditor Agreement and is not in default in the performance or observance of any of the terms, provisions and
conditions of this Indenture, the Collateral Documents or the Intercreditor Agreement (or, if a Default or Event of Default shall have occurred, describing all such Defaults or Events of Default of which he or she may have knowledge and what action
the Company is taking or proposes to take with respect thereto) and that to his or her knowledge no event has occurred and remains in existence by reason of which payments on account of the principal of or interest on the Notes is prohibited or if
such event has occurred, a description of the event and what action the Company is taking or proposes to take with respect thereto. 
  
 (b) The Company shall, so long as any of the Notes are outstanding, deliver to the Trustee, within five Business Days after any Officer becomes aware of
any Default or Event of Default, an Officers’ Certificate specifying such Default or Event of Default and what action the Company is taking or proposes to take with respect thereto. 
  
 Section 4.05. Taxes. 
  
 The Company shall pay, and shall cause each of its Subsidiaries to pay, prior to delinquency, any taxes, assessments, and
governmental levies except such as are contested in good faith and by appropriate proceedings or where the failure to effect such payment is not adverse in any material respect to the Holders of the Notes. 
  
 Section 4.06. Stay, Extension and Usury Laws.

  
 The Company agrees (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 stay, extension or usury law wherever enacted, now or at any time hereafter in force, that may affect the covenants or the
performance of this Indenture; and the Company hereby expressly waives all benefit or advantage of any such law, and covenants that it shall not, by resort to any such law, hinder, delay or impede the execution of any power herein granted to the
Trustee, but shall suffer and permit the execution of every such power as though no such law has been enacted. 
  

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 Section 4.07. Restricted Payments. 
  
 (a) The Company shall not, and shall not permit any of its Restricted
Subsidiaries to, directly or indirectly: 
  
 (i)
declare or pay (without duplication) any dividend or make any other payment or distribution on account of the Company’s or any of its Restricted Subsidiaries’ Equity Interests (including, without limitation, any payment in connection with
any merger or consolidation involving the Company or any of its Restricted Subsidiaries) or to the direct or indirect holders of the Company’s or any of its Restricted Subsidiaries’ Equity Interests in their capacity as such (other than
dividends, payments or distributions (x) payable in Equity Interests (other than Disqualified Stock) of the Company or (y) to the Company or a Restricted Subsidiary of the Company); 
  
 (ii) purchase, redeem or otherwise acquire or retire for
value (including, without limitation, in connection with any merger or consolidation involving the Company or any of its Restricted Subsidiaries) any Equity Interests of the Company or any Restricted Subsidiary thereof held by Persons other than the
Company or any of its Restricted Subsidiaries; 
  
 (iii) make any payment on or with respect to, or purchase, redeem, defease or otherwise acquire or retire for value any Indebtedness that is subordinated to the Notes or any Note Guarantees (excluding intercompany Indebtedness between or
among the Company and any of its Restricted Subsidiaries), except (x) a payment of interest or a payment of principal at the Stated Maturity thereof or (y) the purchase, repurchase or other acquisition of any such Indebtedness in
anticipation of satisfying a sinking fund obligation, principal installment or final maturity, in each case, due within one year of the date of such purchase, repurchase or other acquisition; or 
  
 (iv) make any Restricted Investment (all such payments and
other actions set forth in clauses (i) through (iv) above being collectively referred to as “Restricted Payments”), 
  
 unless, at the time of and after giving effect to such Restricted Payment: 
  
 (1) no Default or Event of Default shall have occurred and be continuing or would occur as a consequence
thereof; 
  
 (2) the Company would, at the time
of such Restricted Payment and after giving pro forma effect thereto as if such Restricted Payment had been made at the beginning of the applicable four-quarter period, have been permitted to Incur at least $1.00 of additional Indebtedness pursuant
to the Fixed Charge Coverage Ratio test set forth in Section 4.09; and 
  
 (3) such Restricted Payment, together with the aggregate amount of all other Restricted Payments made by the Company and its Restricted Subsidiaries after the Issue Date (excluding Restricted Payments permitted by
clauses (ii), (iii), (iv), (v), (vi), (viii), 

  

 53 








 
(ix), (x), (xi), (xv) and (xvi) of clause (b) of this Section 4.07), is less than the sum, without duplication, of: 
  
 (A) 50% of the Consolidated Net Income of the Company for
the period (taken as one accounting period) from the beginning of the first fiscal quarter commencing after the Issue Date to the end of the Company’s most recently ended fiscal quarter for which internal financial statements are available at
the time of such Restricted Payment (or, if such Consolidated Net Income for such period is a deficit, less 100% of such deficit), plus 
  
 (B) 100% of the aggregate net cash proceeds and the Fair Market Value of any property other than cash received by the Company after the
Issue Date as a contribution to its common equity capital or from the issue or sale of Equity Interests (other than Disqualified Stock) of the Company or from the Incurrence of Indebtedness of the Company that has been converted into or exchanged
for such Equity Interests (other than Equity Interests sold to, or Indebtedness held by, a Subsidiary of the Company), plus  
  
 (C) with respect to Restricted Investments made by the Company and its Restricted Subsidiaries after the Issue Date, an amount equal to
the net reduction in such Restricted Investments in any Person resulting from repayments of loans or advances, dividends or other distributions, or other transfers of assets, in each case, to the Company or any Restricted Subsidiary or from the net
cash proceeds from the sale of any such Restricted Investment (except, in each case, to the extent any such payment or proceeds are included in the calculation of Consolidated Net Income), from the release of any Guarantee (except to the extent any
amounts are paid under such Guarantee) or from redesignations of Unrestricted Subsidiaries as Restricted Subsidiaries, not to exceed, in each case, the amount of Restricted Investments previously made by the Company or any Restricted Subsidiary in
such Person or Unrestricted Subsidiary after the Issue Date. 
  
 (b) The provisions of Section 4.07(a) shall not prohibit, so long as, in the case of clauses (vi), (vii), (xii), (xiii), (xiv), (xv) and (xvi) of this clause (b), no Default has occurred and is continuing or would
be caused thereby: 
  
 (i) the payment of any
dividend within 60 days after the date of declaration thereof, if at said date of declaration such payment would have complied with the provisions of this Indenture; 
  
 (ii) the redemption, repurchase, retirement, defeasance or other acquisition of any Indebtedness that is
subordinated to the Notes or any Note Guarantee or of any Equity Interests of the Company or any Restricted Subsidiary of the Company in exchange for, or out of the net cash proceeds of a contribution to the common equity of the Company or a
substantially concurrent sale (other than to a Subsidiary of the Company) of, Equity Interests (other than Disqualified Stock) of the Company; provided that the amount of any such net cash proceeds that are utilized for any such redemption,


  

 54 








 
repurchase, retirement, defeasance or other acquisition shall be excluded from clause (3)(B) of clause (a) of this Section 4.07; 

 
 (iii) the defeasance, redemption, repurchase or other
acquisition of Indebtedness subordinated to the Notes or any Note Guarantee with the net cash proceeds from an Incurrence of Permitted Refinancing Indebtedness; 
  
 (iv) Investments acquired as a capital contribution to, or in exchange for, or out of the net cash proceeds
of a substantially concurrent sale (other than to a Subsidiary of the Company) of, Equity Interests (other than Disqualified Stock) of the Company; provided that the amount of any such net cash proceeds that are utilized for any such
acquisition or exchange shall be excluded from clause (3)(B) of clause (a) of this Section 4.07; 
  
 (v) the repurchase of Capital Stock deemed to occur upon the exercise of options or warrants to the extent that such Capital Stock
represents all or a portion of the exercise price thereof; 
  
 (vi) (x) the repurchase, redemption or other acquisition or retirement for value of any Equity Interests of the Company or (y) the payment of dividends or the making of advances by the Company to any Parent
to enable such Parent to repurchase, redeem or otherwise acquire or retire for value any Equity Interests of such Parent, in the case of (x) or (y), held by any current or former employee or director of such Parent, the Company or any
Restricted Subsidiaries of the Company pursuant to the terms of any employee equity subscription agreement, stock option agreement or similar agreement entered into in the ordinary course of business; provided that the aggregate of all
amounts paid by the Company under clauses (x) and (y) in any calendar year shall not exceed $1.0 million (with amounts not used in any calendar year (up to a maximum aggregate amount of $3.0 million) being carried forward to be paid at any
time during the following three consecutive years); 
  
 (vii) the declaration and payment of regularly scheduled or accrued dividends to holders of any class or series of Disqualified Stock of the Company or any Restricted Subsidiary of the Company or to holders of any class of Preferred Stock
of any Restricted Subsidiary of the Company, in each case, issued on or after the Issue Date in accordance with Section 4.09; 
  
 (viii) the payment of cash in lieu of fractional Equity Interests in the aggregate amount not to exceed $250,000; 
  
 (ix) the payment of dividends or other distributions by the
Company to any Parent in amounts required to pay the tax obligations of such Parent attributable to the Company and its Subsidiaries determined as if the Company and its Subsidiaries had filed a separate consolidated, combined or unitary return for
the relevant taxing jurisdiction; provided, however, that, to the extent that the computation of tax obligations attributable to the Company and its Subsidiaries takes into account any tax refund or tax reduction which would be a
Company Tax Benefit, the amount of such dividend or 

  

 55 








 
distributions shall include an amount equal to such tax refund or reduction, and provided further that (x) any refunds received by any Parent
attributable to the Company or any of its Subsidiaries shall promptly be returned by such Parent to the Company through a contribution to the common equity of, or the purchase of common stock (other than Disqualified Stock) of the Company from, the
Company (except to the extent that such refund is required to be paid to the selling shareholders and warrantholders under the Stock Purchase Agreement as a Company Tax Benefit) and (y) the amount of any such contribution or purchase shall be
excluded from clause (3)(B) of clause (a) of this Section 4.07; 
  
 (x) the payment of dividends or the making of loans or advances by the Company to any Parent not to exceed $500,000 in any calendar year
to enable such Parent to pay corporate operating expenses (including, without limitation, directors’ fees and expenses) and overhead expenses in the ordinary course of business; 
  
 (xi) the payment of any dividend by a Restricted Subsidiary of the Company to the holders of its Common
Stock on a pro rata basis; 
  
 (xii) upon
the occurrence of a Change of Control and within 60 days after completion of the offer to repurchase Notes pursuant to Section 4.14 (including the purchase of all Notes tendered), any purchase or redemption of Indebtedness of the Company that
is subordinated in right of payment to the Notes and that is required to be repurchased or redeemed pursuant to the terms thereof as a result of such Change of Control, at a purchase price not greater than 101% of the outstanding principal amount
thereof (plus accrued and unpaid interest); 
  
 (xiii) within 60 days after the completion of an Asset Sale Offer pursuant to Section 4.10 (including the purchase of all Notes tendered), any purchase or redemption of Indebtedness of the Company that is subordinated in right of
payment to the Notes and that is required to be repurchased or redeemed pursuant to the terms thereof as a result of such Asset Sale, at a purchase price not greater than 100% of the outstanding principal amount thereof (plus accrued and unpaid
interest); 
  
 (xiv) the payment of dividends on
common stock of the Company or the payment of dividends or other distributions to any Parent to pay dividends on the common stock of such Parent following the first bona fide underwritten public offering of common stock of the Company or such
Parent, as the case may be, after the Issue Date of up to 6% per annum of the net proceeds received from all such public offerings; provided, however, that the aggregate amount of all such dividends shall not exceed the
aggregate amount of net proceeds received from all such public offerings which shall have been contributed to the common equity of the Company; 
  
 (xv) the payment of dividends or other distributions to Holdings in amounts sufficient to permit Holdings to pay (x) cash interest
when due on the Senior Discount Notes originally issued and then still outstanding and (y) the amount required to consummate the mandatory redemption of Senior Discount Notes under the indenture governing the Senior Discount Notes such that the
Senior Discount Notes shall not be 

  

 56 








 
“applicable high yield discount obligations” within the meaning of Section 163(i)(I) of the Internal Revenue Code (the “AHYDO
Mandatory Redemption Amount”), in the case of (x) and (y), when due and in accordance with the terms of the Senior Discount Notes on the Issue Date; provided, however, that any such payment of dividends or other
distributions shall be made no earlier than ten days prior to the required date of payment of the relevant interest installment or AHYDO Mandatory Redemption Amount, as applicable and provided further that, to the extent that Holdings shall
be required, pursuant to the terms of the indenture governing the Senior Discount Notes (as in effect on the Issue Date), to provide to the trustee under such indenture an officer’s certificate (in connection with such mandatory redemption) as
to the amount of the AHYDO Mandatory Redemption Amount, the Company shall, prior to making such payment of dividends or other distributions under clause (y), deliver to the Trustee an Opinion of Counsel to the same effect as the statements
contained in such officers’ certificate; and 
  
 (xvi) other Restricted Payments in an aggregate amount not to exceed $7.5 million. 
  
 (c) The amount of all Restricted Payments (other than cash) shall be the Fair Market Value on the date of the Restricted Payment of the asset(s) or
securities proposed to be transferred or issued to or by the Company or such Subsidiary, as the case may be, pursuant to the Restricted Payment. Not later than the date of making any Restricted Payment, the Company shall deliver to the Trustee an
Officers’ Certificate stating that such Restricted Payment is permitted and setting forth the basis upon which the calculations required by this Section 4.07 were computed, together with a copy of any opinion or appraisal required by this
Indenture. 
  
 Section 4.08. Dividend and
Other Payment Restrictions Affecting Restricted Subsidiaries. 
  
 (a) The Company shall not, and shall not permit any of its Restricted Subsidiaries to, directly or indirectly, create or permit to exist or become effective any consensual encumbrance or restriction on the ability of any Restricted
Subsidiary to: 
  
 (i) pay dividends or make any
other distributions on its Capital Stock (or with respect to any other interest or participation in, or measured by, its profits) to the Company or any of its Restricted Subsidiaries or pay any liabilities owed to the Company or any of its
Restricted Subsidiaries; 
  
 (ii) make loans or
advances to the Company or any of its Restricted Subsidiaries; or 
  
 (iii) transfer any of its properties or assets to the Company or any of its Restricted Subsidiaries. 
  
 (b) The restrictions set forth in Section 4.08(a) shall not apply to encumbrances or restrictions: 
  
 (i) existing under, by reason of or with respect to the
Credit Agreement, Existing Indebtedness or any other agreements in effect on the Issue Date and any amendments, modifications, restatements, renewals, extensions, supplements, refundings, 

  

 57 








 
replacements or refinancings thereof, provided that the encumbrances and restrictions in any such amendments, modifications, restatements, renewals,
extensions, supplements, refundings, replacement or refinancings are not materially more restrictive, taken as a whole, than those contained in the Credit Agreement, Existing Indebtedness or such other agreements, as the case may be, as in effect on
the Issue Date; 
  
 (ii) set forth in this
Indenture, the Notes, the Exchange Notes, the related Note Guarantees and the Collateral Documents; 
  
 (iii) existing under, by reason of or with respect to applicable law; 
  
 (iv) with respect to any Person or the property or assets of a Person acquired by the Company or any of its
Restricted Subsidiaries existing at the time of such acquisition and not incurred in connection with or in contemplation of such acquisition, which encumbrance or restriction is not applicable to any Person or the properties or assets of any Person,
other than the Person, or the property or assets of the Person, so acquired and any amendments, modifications, restatements, renewals, extensions, supplements, refundings, replacements or refinancings thereof, provided that the encumbrances
and restrictions in any such amendments, modifications, restatements, renewals, extensions, supplements, refundings, replacement or refinancings are not materially more restrictive, taken as a whole, than those in effect on the date of the
acquisition; 
  
 (v) in the case of clause
(iii) of Section 4.08(a): 
  
 (x) that
restrict in a customary manner the subletting, assignment or transfer of any property or asset that is a lease, license, conveyance or contract or similar property or asset, 
  
 (y) existing by virtue of any transfer of, agreement to transfer, option or right with respect to, or Lien
on, any property or assets of the Company or any Restricted Subsidiary thereof not otherwise prohibited by this Indenture, or 
  
 (z) arising or agreed to in the ordinary course of business, not relating to any Indebtedness, and that do not, individually or in the
aggregate, detract from the value of property or assets of the Company or any Restricted Subsidiary thereof in any manner material to the Company or any Restricted Subsidiary thereof; 
  
 (vi) existing under, by reason of or with respect to any agreement for the sale or other disposition of all
or substantially all of the Capital Stock of, or property and assets of, a Restricted Subsidiary that restrict distributions by, or the transfer of Capital Stock of, that Restricted Subsidiary pending such sale or other disposition; 
  
 (vii) existing under restrictions on cash or other deposits
or net worth imposed by customers or required by insurance, surety or bonding companies, in each case, under contracts entered into in the ordinary course of business; 
  

 58 








 (viii) existing under, by reason of or with respect to provisions with respect to the
disposition or distribution of assets or property, in each case contained in joint venture agreements, partnership agreements, limited liability company organizational governance documents and similar agreements and which the Board of Directors of
the Company determines in good faith shall not adversely affect the Company’s ability to make payments of principal or interest payments on the Notes; 
  
 (ix) existing under Permitted Refinancing Indebtedness; provided that the restrictions contained in the agreements governing such
Permitted Refinancing Indebtedness are not materially more restrictive, taken as a whole, than those contained in the agreements governing the Indebtedness being refinanced; and 
  
 (x) existing under Indebtedness permitted to be Incurred under this Indenture; provided that
(x) such encumbrances or restrictions are ordinary and customary with respect to the type of Indebtedness being Incurred and (y) such encumbrances or restrictions shall not affect the Company’s ability to make payments of principal or
interest on the Notes, as determined in good faith by the Board of Directors of the Company. 
  
 Section 4.09. Incurrence of Indebtedness. 
  
 (a) The Company shall not, and shall not permit any of its Restricted Subsidiaries to, directly or indirectly, Incur any
Indebtedness; provided, however, that the Company or any Subsidiary Guarantor may Incur Indebtedness if the Fixed Charge Coverage Ratio of the Company for its most recently ended four full fiscal quarters for which internal financial
statements are available immediately preceding the date on which such additional Indebtedness is Incurred would have been at least 2.0:1, determined on a pro forma basis (including a pro forma application of the net proceeds therefrom), as if the
additional Indebtedness had been Incurred at the beginning of such four-quarter period. 
  
 (b) Clause (a) of this Section 4.09 shall not prohibit the Incurrence of any of the following items of Indebtedness (collectively, “Permitted Debt”): 
  
 (i) the Incurrence by the Company or any Subsidiary
Guarantor of Indebtedness under Credit Facilities (including, without limitation, the Incurrence by the Subsidiary Guarantors of Guarantees thereof) in an aggregate amount at any one time outstanding pursuant to this clause (i) not to exceed
$50.0 million, less the aggregate amount of all Net Proceeds of Asset Sales applied by the Company or any Restricted Subsidiary thereof to permanently repay any such Indebtedness pursuant to Section 4.10; 
  
 (ii) the Incurrence of Existing Indebtedness; 
  
 (iii) the Incurrence by the Company and the Subsidiary
Guarantors of Indebtedness represented by the Notes to be issued on the Issue Date and Exchange Notes issued therefor pursuant to the Registration Rights Agreement and the related Note Guarantees; 
  

 59 








 (iv) the Incurrence by the Company or any Restricted Subsidiary of the Company of
Permitted Refinancing Indebtedness in exchange for, or the net proceeds of which are used to refund, refinance or replace Indebtedness (other than intercompany Indebtedness) that was permitted by this Indenture to be Incurred under clause
(a) of this Section 4.09 or clause (ii), (iii), (iv), or (xii) of this Section 4.09(b); 
  
 (v) the Incurrence by the Company or any of its Restricted Subsidiaries of intercompany Indebtedness owing to and held by the Company or
any of its Restricted Subsidiaries; provided, however, that: 
  
 (x) if the Company or any Subsidiary Guarantor is the obligor on such Indebtedness, such Indebtedness must be unsecured and expressly subordinated in right of payment to all Obligations with respect to the Notes, in
the case of the Company, or the Note Guarantee, in the case of a Subsidiary Guarantor; 
  
 (y) Indebtedness owed to the Company or any Subsidiary Guarantor must be evidenced by an unsubordinated promissory note, unless the
obligor under such Indebtedness is the Company or a Guarantor; and 
  
 (z) (i) any subsequent issuance or transfer of Equity Interests that results in any such Indebtedness being held by a Person other than the Company or a Restricted Subsidiary thereof and (ii) any sale or
other transfer of any such Indebtedness to a Person that is not either the Company or a Restricted Subsidiary thereof, shall be deemed, in each case, to constitute an Incurrence of such Indebtedness by the Company or such Restricted Subsidiary, as
the case may be, that was not permitted by this clause (v); 
  
 (vi) the Guarantee by the Company or any of the Subsidiary Guarantors of Indebtedness of the Company or a Restricted Subsidiary of the Company that was permitted to be Incurred by another provision of this
Section 4.09; 
  
 (vii) the Incurrence by
the Company or any of its Restricted Subsidiaries of Hedging Obligations that are Incurred for the purpose of fixing, hedging or swapping interest rate, commodity price or foreign currency exchange rate risk (or to reverse or amend any such
agreements previously made for such purposes), and not for speculative purposes, and that do not increase the Indebtedness of the obligor outstanding at any time other than as a result of fluctuations in interest rates, commodity prices or foreign
currency exchange rates or by reason of fees, indemnities and compensation payable thereunder; 
  
 (viii) the Incurrence by the Company or any of its Restricted Subsidiaries of Indebtedness arising from agreements providing for
indemnification, adjustment of purchase price or similar obligations, or Guarantees or letters of credit, surety bonds or performance bonds securing any obligations of the Company or any of its Restricted Subsidiaries pursuant to such agreements, in
any case, Incurred in connection with the disposition of any business, assets or Restricted Subsidiary (other than Guarantees of Indebtedness Incurred by any Person acquiring all or any portion of such business, assets 

  

 60 








 
or Restricted Subsidiary for the purpose of financing such acquisition), so long as the amount does not exceed the gross proceeds actually received by the
Company or any Restricted Subsidiary thereof in connection with such disposition; 
  
 (ix) the Incurrence by the Company or any of its Restricted Subsidiaries of Indebtedness arising from the honoring by a bank or other
financial institution of a check, draft or similar instrument drawn against insufficient funds in the ordinary course of business, provided, however, that such Indebtedness is extinguished within five Business Days of its Incurrence;

  
 (x) the Incurrence by the Company or any of
its Restricted Subsidiaries of Indebtedness constituting reimbursement obligations with respect to letters of credit in respect of workers’ compensation claims or self-insurance obligations or bid, performance or surety bonds (in each case
other than for an obligation for borrowed money); 
  
 (xi) the Incurrence by the Company of Indebtedness to the extent that the net proceeds thereof are promptly deposited to defease or to satisfy and discharge the Notes; or 
  
 (xii) the Incurrence by the Company or any Restricted Subsidiary of additional Indebtedness (which may
include Indebtedness Incurred under Credit Facilities after the Issue Date) in an aggregate amount at any time outstanding, including all Permitted Refinancing Indebtedness Incurred to refund, refinance or replace any Indebtedness Incurred pursuant
to this clause (xii), not to exceed $30.0 million. 
  
 (c) For
purposes of determining compliance with this Section 4.09, in the event that any proposed Indebtedness meets the criteria of more than one of the categories of Permitted Debt described in clauses (i) through (xii) of
Section 4.09(b), or is entitled to be Incurred pursuant to Section 4.09(a), the Company shall be permitted to classify such item of Indebtedness at the time of its Incurrence in any manner that complies with this Section 4.09. In
addition, any Indebtedness originally classified as Incurred pursuant to clauses (i) through (xii) of Section 4.09(b) may later be reclassified by the Company such that it shall be deemed as having been Incurred pursuant to another of
such clauses to the extent that such reclassified Indebtedness could be Incurred pursuant to such new clause at the time of such reclassification. Notwithstanding the foregoing, Indebtedness under the Credit Agreement outstanding on the Issue Date
shall be deemed to have been Incurred on such date in reliance on the exception provided by clause (i) of the definition of Permitted Debt. 
  
 (d) Notwithstanding any other provision of this Section 4.09, the maximum amount of Indebtedness that may be Incurred pursuant to this
Section 4.09 shall not be deemed to be exceeded with respect to any outstanding Indebtedness due solely to the result of fluctuations in the exchange rates of currencies. 
  
 (e) The Company shall not Incur any Indebtedness that is subordinate in right of payment to any other Indebtedness of the
Company unless it is subordinate in right of payment to the Notes to the same extent. The Company will not permit any Subsidiary 

  

 61 








 
Guarantor to Incur any Indebtedness that is subordinate in right of payment to any other Indebtedness of such Subsidiary Guarantor unless it is subordinate
in right of payment to such Subsidiary Guarantor’s Note Guarantee to the same extent For purposes of the foregoing, no Indebtedness shall be deemed to be subordinated in right of payment to any other Indebtedness of the Company or any
Subsidiary Guarantor, as applicable, solely by reason of any Liens or Guarantees arising or created in respect thereof or by virtue of the fact that the holders of any secured Indebtedness have entered into intercreditor agreements giving one or
more of such holders priority over the other holders in the collateral held by them. 
  
 Section 4.10. Asset Sales. 
  
 (a) The Company shall not, and shall not permit any of its Restricted Subsidiaries to, consummate an Asset Sale unless: 
  
 (i) the Company (or the Restricted Subsidiary, as the case
may be) receives consideration at the time of such Asset Sale at least equal to the Fair Market Value of the assets or Equity Interests issued or sold or otherwise disposed of; and 
  
 (ii) at least 75% of the consideration therefor received by the Company or such Restricted Subsidiary is in
the form of cash, Cash Equivalents or Replacement Assets or a combination of both. For purposes of this provision, each of the following shall be deemed to be cash: 
  
 (x) any liabilities (as shown on the Company’s or such Restricted Subsidiary’s most recent balance
sheet) of the Company or any Restricted Subsidiary (other than contingent liabilities, Indebtedness that is by its terms subordinated to the Notes or any Note Guarantee and liabilities to the extent owed to the Company or any Affiliate of the
Company) that are assumed by the transferee of any such assets or Equity Interests pursuant to a written novation agreement that releases the Company or such Restricted Subsidiary from further liability therefor; 
  
 (y) any securities, notes or other obligations received by
the Company or any such Restricted Subsidiary from such transferee that are (within 90 days of receipt and subject to ordinary settlement periods) converted by the Company or such Restricted Subsidiary into cash (to the extent of the cash received
in that conversion); and 
  
 (z) any Designated
Non-Cash Consideration received by the Company or any such Restricted Subsidiary in the Asset Sale having an aggregate Fair Market Value, as determined by the Board of Directors of the Company, taken together with all other Designated Non-Cash
Consideration received pursuant to this clause that is at that time outstanding, not to exceed $5.0 million. 
  

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 (b) Within 360 days after the receipt of any Net Proceeds from an Asset Sale, the Company or any of its
Restricted Subsidiaries may apply, or cause to be applied, such Net Proceeds at its option: 
  
 (i) to permanently reduce Indebtedness outstanding under the Credit Agreement (and to permanently reduce commitments with respect thereto,
in the case of revolving borrowings); or 
  
 (ii)
to purchase Replacement Assets (or enter into a binding agreement to purchase such Replacement Assets; provided that (x) such purchase is consummated within 180 days after the date of such binding agreement and (y) if such purchase
is not consummated within the period set forth in subclause (x) and at least 360 days shall have elapsed since receipt of the Net Proceeds not so applied, such Net Proceeds shall be deemed to be Excess Proceeds (as defined below)). 

 
 Pending the final application of any such Net Proceeds, the Company may temporarily
reduce, or cause to be reduced, revolving credit borrowings or otherwise invest such Net Proceeds in any manner that is not prohibited by this Indenture. 
  
 (c) On the 361st day after an Asset Sale (or such later date immediately following the expiry of the 180-day period without the consummation of a purchase
of Replacement Assets pursuant to clause (ii) of Section 4.10(b)) or such earlier date, if any, as the Company or its Restricted Subsidiaries determines not to apply the Net Proceeds relating to such Asset Sale as set forth in
Section 4.10(b) (each such date being referred as an “Excess Proceeds Trigger Date”), such aggregate amount of Net Proceeds that has not been applied on or before the Excess Proceeds Trigger Date as permitted in the preceding
paragraph (“Excess Proceeds”) shall be applied by the Company to make an offer (an “Asset Sale Offer”) to all Holders of Notes and to all holders of Pari Passu Debt to purchase the maximum principal amount of Notes
and Pari Passu Debt that may be purchased out of the Excess Proceeds. The offer price in any Asset Sale Offer shall be equal to 100% of the principal amount of the Notes and Pari Passu Debt repurchased plus accrued and unpaid interest and Additional
Interest, if any, to the date of purchase, and shall be payable in cash. 
  
 The Company may defer the Asset Sale Offer until there are aggregate unutilized Excess Proceeds equal to or in excess of $10.0 million resulting from one or more Asset Sales, at which time the entire unutilized amount
of Excess Proceeds (not only the amount in excess of $10.0 million) shall be applied as provided in the preceding paragraph. If any Excess Proceeds remain after consummation of an Asset Sale Offer, the Company may use such Excess Proceeds for any
purpose not otherwise prohibited by this Indenture. If the aggregate principal amount of the Notes and Pari Passu Debt tendered into such Asset Sale Offer exceeds the amount of Excess Proceeds, the Notes and Pari Passu Debt shall be purchased on a
pro rata basis based on the principal amount of Notes and Pari Passu Debt tendered. Upon completion of each Asset Sale Offer, the Excess Proceeds subject to such Asset Sale shall no longer be deemed to be Excess Proceeds. 
  
 Section 4.11. Transactions with Affiliates.

  
 (a) The Company shall not, and shall not permit any of its
Restricted Subsidiaries to, make any payment to, or sell, lease, transfer or otherwise dispose of any of its properties or assets to, or purchase any property or assets from, or enter into, make, amend, 

  

 63 








 
renew or extend any transaction, contract, agreement, understanding, loan, advance or Guarantee with, or for the benefit of, any Affiliate (each, an
“Affiliate Transaction”), unless: 
  
 (i) such Affiliate Transaction is on terms that are no less favorable to the Company or the relevant Restricted Subsidiary than those that would have been obtained in a comparable arm’s-length transaction by the Company or such
Restricted Subsidiary with a Person that is not an Affiliate of the Company or any of its Restricted Subsidiaries; and 
  
 (ii) the Company delivers to the Trustee: 
  
 (x) with respect to any Affiliate Transaction or series of related Affiliate Transactions involving aggregate consideration in excess of
$5.0 million, a Board Resolution set forth in an Officers’ Certificate certifying that such Affiliate Transaction or series of related Affiliate Transactions complies with this covenant and that such Affiliate Transaction or series of related
Affiliate Transactions has been approved by a majority of the disinterested members of the Board of Directors of the Company; and 
  
 (y) with respect to any Affiliate Transaction or series of related Affiliate Transactions involving aggregate consideration in excess of
$10.0 million, an opinion as to the fairness to the Company or such Restricted Subsidiary of such Affiliate Transaction or series of related Affiliate Transactions from a financial point of view issued by an independent accounting, appraisal or
investment banking firm of national standing. 
  
 (b) The
following items shall not be deemed to be Affiliate Transactions and, therefore, shall not be subject to the provisions of clause (a) of this Section 4.11: 
  
 (i) transactions between or among the Company and/or its Restricted Subsidiaries; 
  
 (ii) payment of reasonable and customary fees to, and
reasonable and customary indemnification and similar payments on behalf of, directors of the Company; 
  
 (iii) Restricted Payments that are permitted by the provisions of Section 4.07; 
  
 (iv) any sale of Equity Interests (other than Disqualified
Stock), or any contribution to the common equity capital, of the Company, and the granting of registration rights in connection therewith; 
  
 (v) transactions pursuant to agreements or arrangements in effect on the Issue Date and described in the Offering Memorandum, or any
amendment, modification, or supplement thereto or replacement thereof, as long as such agreement or arrangement, as so amended, modified, supplemented or replaced, taken as a whole, is not more disadvantageous to the Company and its Restricted
Subsidiaries than the original agreement or arrangement in existence on the Issue Date; 
  

 64 








 (vi) any employment, consulting, service or termination agreement, or reasonable and
customary indemnification arrangements, entered into by the Company or any of its Restricted Subsidiaries with officers and employees of the Company or any of its Restricted Subsidiaries and the payment of compensation to officers and employees of
the Company or any of its Restricted Subsidiaries (including amounts paid pursuant to employee benefit plans, employee stock option or similar plans), so long as such agreement or payment has been approved by a majority of the disinterested members
of the Board of Directors of the Company; and 
  
 (vii) Permitted Investments. 
  
 Section
4.12. Liens. 
  
 Holdings shall not create, incur, assume
or otherwise cause or suffer to exist or become effective any Lien of any kind upon any of its property or assets, whether now owned or hereafter acquired, or any income or profits therefrom or any right to receive income therefrom, except Permitted
Liens. The Company shall not, and shall not permit any of its Restricted Subsidiaries to, create, incur, assume or otherwise cause or suffer to exist or become effective any Lien of any kind upon any of their other property or assets, whether now
owned or hereafter acquired, or any income or profits therefrom or any right to receive income therefrom, except Permitted Liens. 
  
 Section 4.13. Business Activities. 
  
 The Company shall not, and shall not permit any Restricted Subsidiary thereof to, engage in any business other than Permitted Businesses, except to such
extent as would not be material to the Company and its Restricted Subsidiaries taken as a whole. 
  
 Section 4.14. Offer to Repurchase upon a Change of Control. 
  
 If a Change of Control occurs, each Holder of Notes shall have the right to require the Company to repurchase all or any
part (equal to $1,000 or an integral multiple thereof) of such Holder’s Notes pursuant to an offer (a “Change of Control Offer”) on the terms set forth in this Indenture. In the Change of Control Offer, the Company shall be
required to offer payment (a “Change of Control Payment”) in cash equal to 101% of the aggregate principal amount of Notes repurchased plus accrued and unpaid interest and Additional Interest, if any, thereon, to the date of
repurchase (the “Change of Control Payment Date,” which date shall be no earlier than the date of such Change of Control). No later than 30 days following any Change of Control, the Company shall mail a notice to each Holder
describing the transaction or transactions that constitute the Change of Control and offering to repurchase Notes on the Change of Control Payment Date specified in such notice, which date shall be no earlier than 30 days and no later than 60 days
from the date such notice is mailed, pursuant to the procedures required by Section 3.08 and this Section 4.14 and described in such notice. 
  
 On the Change of Control Payment Date, the Company shall, to the extent lawful: 
  
 (a) accept for payment all Notes or portions thereof properly tendered pursuant to the Change of Control
Offer; 
  

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 (b) deposit with the Paying Agent an amount equal to the Change of Control Payment in
respect of all Notes or portions thereof so tendered; and 
  
 (c) deliver or cause to be delivered to the Trustee the Notes so accepted together with an Officers’ Certificate stating the aggregate principal amount of Notes or portions thereof being purchased by the Company.

  
 The Paying Agent shall promptly mail or wire transfer to each
Holder of Notes so tendered the Change of Control Payment for such Notes, and the Trustee shall promptly authenticate and mail (or cause to be transferred by book entry) to each Holder a new Note equal in principal amount to any unpurchased portion
of the Notes surrendered, if any; provided that each such new Note shall be in a principal amount of $1,000 or an integral multiple thereof. 
  
 The Company shall publicly announce the results of the Change of Control Offer on or as soon as practicable after the Change of Control Payment Date.

  
 The provisions described above that require the Company to
make a Change of Control Offer following a Change of Control shall be applicable regardless of whether any other provisions of this Indenture are applicable. 
  
 The Company shall not be required to make a Change of Control Offer upon a Change of Control if (a) a third party makes the Change of Control Offer
in the manner, at the times and otherwise in compliance with the requirements set forth in this Section 4.14 and Section 3.08 and purchases all Notes validly tendered and not withdrawn under such Change of Control Offer or (b) notice
of redemption of all of the outstanding Notes has been given pursuant to Section 3.07, unless and until there is a Default in payment of the applicable redemption price. 
  
 Section 4.15. Designation of Restricted and Unrestricted Subsidiaries. 
  
 (a) The Board of Directors of the Company may designate any Restricted
Subsidiary of the Company to be an Unrestricted Subsidiary; provided that: 
  
 (i) any Guarantee by the Company or any Restricted Subsidiary thereof of any Indebtedness of the Subsidiary being so designated shall be
deemed to be an Incurrence of Indebtedness by the Company or such Restricted Subsidiary (or both, if applicable) at the time of such designation, and such Incurrence of Indebtedness would be permitted under Section 4.09; 
  
 (ii) the aggregate Fair Market Value of all outstanding
Investments owned by the Company and its Restricted Subsidiaries in the Subsidiary being so designated (including any Guarantee by the Company or any Restricted Subsidiary thereof of any Indebtedness of such Subsidiary) shall be deemed to be a
Restricted Investment made as of the time of such designation and that such Investment would be permitted under Section 4.07; 
  
 (iii) such Subsidiary does not hold any Liens on any property of the Company or any Restricted Subsidiary thereof; 
  

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 (iv) the Subsidiary being so designated: 
  
 (w) is not party to any agreement, contract, arrangement or
understanding with the Company or any Restricted Subsidiary of the Company unless the terms of any such agreement, contract, arrangement or understanding are no less favorable to the Company or such Restricted Subsidiary than those that might be
obtained at the time from Persons who are not Affiliates of the Company; 
  
 (x) is a Person with respect to which neither the Company nor any of its Restricted Subsidiaries has any direct or indirect obligation (A) to subscribe for additional Equity Interests or (B) to maintain or
preserve such Person’s financial condition or to cause such Person to achieve any specified levels of operating results; 
  
 (y) has not Guaranteed or otherwise directly or indirectly provided credit support for any Indebtedness of the Company or any of its
Restricted Subsidiaries, except to the extent such Guarantee or credit support would be released upon such designation; and 
  
 (z) has at least one director on its Board of Directors that is not a director or officer of the Company or any of its Restricted
Subsidiaries and has at least one executive officer that is not a director or officer of the Company or any of its Restricted Subsidiaries; and 
  
 (v) no Default or Event of Default would be in existence following such designation. 
  
 (b) Any designation of a Restricted Subsidiary of the Company as an
Unrestricted Subsidiary shall be evidenced to the Trustee by filing with the Trustee the Board Resolution giving effect to such designation and an Officers’ Certificate certifying that such designation complied with the conditions set forth in
Section 4.15(a) and was permitted by this Indenture. If, at any time, any Unrestricted Subsidiary (i) would fail to meet any of the requirements described in subclauses (w), (x) or (y) of clause (iv) of Section 4.15(a),
or (ii) fails to meet the requirement described in subclause (z) of clause (iv) of Section 4.15(a) and such failure continues for a period of 30 days, it shall thereafter cease to be an Unrestricted Subsidiary for purposes of
this Indenture and any Indebtedness, Investments, or Liens on the property, of such Subsidiary shall be deemed to be Incurred or made by a Restricted Subsidiary of the Company as of such date and, if such Indebtedness, Investments or Liens are not
permitted to be Incurred or made as of such date under this Indenture, the Company shall be in default under this Indenture. 
  
 (c) The Board of Directors of the Company may at any time designate any Unrestricted Subsidiary to be a Restricted Subsidiary; provided that:

  
 (i) such designation shall be deemed to be an
Incurrence of Indebtedness by a Restricted Subsidiary of the Company of any outstanding Indebtedness of such 

  

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Unrestricted Subsidiary and such designation shall only be permitted if such Indebtedness is permitted under Section 4.09; 
  
 (ii) all outstanding Investments owned by such Unrestricted
Subsidiary shall be deemed to be made as of the time of such designation and such designation shall only be permitted if such Investments would be permitted under Section 4.07; 
  
 (iii) all Liens upon property or assets of such Unrestricted Subsidiary existing at the time of such
designation would be permitted under Section 4.12; and 
  
 (iv) no Default or Event of Default would be in existence following such designation. 
  
 Section 4.16. Payments for Consent. 
  
 The Company shall not, and shall not permit any of its Restricted Subsidiaries to, directly or indirectly, pay or cause to be paid any consideration to or
for the benefit of any Holder of Notes for or as an inducement to any consent, waiver or amendment of any of the terms or provisions of this Indenture or the Notes unless such consideration is offered to be paid and is paid to all Holders of the
Notes that consent, waive or agree to amend in the time frame set forth in the solicitation documents relating to such consent, waiver or agreement. 
  
 Section 4.17. Limitation on Issuances of Guarantees of Indebtedness. 
  
 (a) If the Company or any of its Restricted Subsidiaries acquires or creates
a Domestic Subsidiary on or after the Issue Date, then that newly acquired or created Domestic Subsidiary must become a Subsidiary Guarantor, execute a supplemental indenture (substantially in the form of Exhibit D), grant a valid and
perfected security interest (subject to the terms of the Intercreditor Agreement) to the Trustee and the Holders of Notes in all of its property and assets constituting Collateral securing its obligations under its Guarantee and deliver Opinions of
Counsel to the Trustee (in form and substance satisfactory to the Trustee) as to such Guarantee and such security interest. 
  
 (b) The Company shall not permit any of its Restricted Subsidiaries, directly or indirectly, to Guarantee or pledge any assets to secure the payment of
any other Indebtedness of the Company or any other Restricted Subsidiary thereof unless such Restricted Subsidiary is the Company or a Subsidiary Guarantor or simultaneously (i) executes and delivers to the Trustee a supplemental indenture,
substantially in the form of Exhibit D, providing for the Guarantee of the payment of the Notes by such Restricted Subsidiary, which Guarantee shall be an unsubordinated Guarantee of such Restricted Subsidiary senior to or pari passu
with such Subsidiary’s Guarantee of such other Indebtedness, (ii) grants a valid and perfected security interest (subject to the terms of the Intercreditor Agreement) to the Trustee and the Holders of Notes in all of its property and
assets constituting Collateral securing its obligations under such Guarantee, and (iii) delivers to the Trustee Opinions of Counsel (in form and substance satisfactory to the Trustee) as to such Guarantee and such security interest. 

 
 (c) A Subsidiary Guarantor may not sell or otherwise dispose of all or
substantially all of its assets to, or consolidate with or merge with or into (whether or not such 

  

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Subsidiary Guarantor is the surviving Person), another Person, other than the Company or another Subsidiary Guarantor, unless: 
  
 (i) immediately after giving effect to that transaction, no
Default or Event of Default exists; and 
  
 (ii)
either: 
  
 (x) the Person acquiring the property
in any such sale or disposition or the Person formed by or surviving any such consolidation or merger (if other than the Subsidiary Guarantor) is organized or existing under the laws of the United States, any state thereof or the District of
Columbia and assumes all the obligations of that Subsidiary Guarantor under this Indenture, its Note Guarantee, the Registration Rights Agreement and the Collateral Documents pursuant to a supplemental indenture satisfactory to the Trustee; or

  
 (y) such sale or other disposition or
consolidation or merger complies with Section 4.10. 
  
 In
case of any such consolidation, merger, sale or conveyance and upon (i) the assumption by the successor Person, by supplemental indenture (substantially in the form of Exhibit D), executed and delivered to the Trustee and satisfactory in
form to the Trustee, of the Note Guarantee endorsed upon the Notes and the due and punctual performance of all of the covenants and conditions of this Indenture, the Registration Rights Agreement and the Collateral Documents to be performed by a
Subsidiary Guarantor, (ii) the grant by such successor Person to the Trustee and the Holders of Notes of a valid and perfected security interest (subject to the terms of the Intercreditor Agreement) in all of the property and assets of such
successor Person constituting Collateral securing its obligations under such Note Guarantee, and (iii) delivery to the Trustee of Opinions of Counsel (in form and substance satisfactory to the Trustee) as to such Guarantee and such security
interest, such successor Person shall succeed to and be substituted for a Subsidiary Guarantor with the same effect as if it had been named herein as a Subsidiary Guarantor. Such successor Person thereupon may cause to be signed any or all of the
Note Guarantees to be endorsed upon all of the Notes issuable hereunder which theretofore shall not have been signed by the Company and delivered to the Trustee. All the Note Guarantees so issued shall in all respects have the same legal rank and
benefit under this Indenture as the Note Guarantees theretofore and thereafter issued in accordance with the terms of this Indenture as though all of such Note Guarantees had been issued at the date of the execution hereof. 
  
 (d) The Note Guarantee of a Subsidiary Guarantor shall be released:

  
 (i) in connection with any sale or other
disposition of all of the Capital Stock of such Subsidiary Guarantor to a Person that is not (either before or after giving effect to such transaction) a Restricted Subsidiary of the Company, if the sale of all such Capital Stock of that Subsidiary
Guarantor complies with Section 4.10; 
  
 (ii) if the Company properly designates the Restricted Subsidiary that is a Subsidiary Guarantor as an Unrestricted Subsidiary under this Indenture; or 
  


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 (iii) solely in the case of a Note Guarantee created pursuant to clause (b) of this
Section 4.17, upon the release or discharge of the Guarantee which resulted in the creation of such Note Guarantee pursuant to this covenant, except a discharge or release by or as a result of payment under such Guarantee. 
  
 Section 4.18. Sale and Leaseback Transactions.

  
 The Company shall not, and shall not permit any of its
Restricted Subsidiaries to, enter into any Sale and Leaseback Transaction; provided that the Company or any Restricted Subsidiary may enter into a Sale and Leaseback Transaction if: 
  
 (a) the Company or such Restricted Subsidiary, as
applicable, could have (i) Incurred Indebtedness in an amount equal to the Attributable Debt relating to such Sale and Leaseback Transaction pursuant to Section 4.09 and (ii) incurred a Lien to secure such Indebtedness pursuant to
Section 4.12; 
  
 (b) the gross cash
proceeds of such Sale and Leaseback Transaction are at least equal to the Fair Market Value of the property that is the subject of such Sale and Leaseback Transaction; and 
  
 (c) the transfer of assets in such Sale and Leaseback Transaction is permitted by, and the Company applies
the proceeds of such transaction in compliance with, Section 4.10. 
  
 Section 4.19. Limitation on Issuances and Sales of Equity Interests in Restricted Subsidiaries. 
  
 Holdings shall at all times own 100% of the Equity Interests of the Company. The Company shall not transfer, convey, sell or otherwise dispose of, and
shall not permit any of its Restricted Subsidiaries to, issue, transfer, convey, sell or otherwise dispose of any Equity Interests in any Restricted Subsidiary of the Company to any Person (other than the Company or a Restricted Subsidiary of the
Company or, if necessary, shares of its Capital Stock constituting directors’ qualifying shares or issuances of shares of Capital Stock of foreign Restricted Subsidiaries to foreign nationals, to the extent required by applicable law), except
sales of Equity Interests of a Restricted Subsidiary of the Company by the Company or a Restricted Subsidiary thereof; provided that (a) the Company or such Restricted Subsidiary selling such Equity Interests complies with the provisions
of Section 4.10, (b) any sales of Preferred Stock of a Restricted Subsidiary that result in such Preferred Stock being held by a Person other than the Company or a Restricted Subsidiary thereof shall be deemed to be an Incurrence of
Indebtedness and must comply with the provisions of Section 4.09 and (c) if, immediately after giving effect to such issuance, transfer, conveyance, sale or other disposition, such Restricted Subsidiary would no longer constitute a
Restricted Subsidiary, any Investment in such Person remaining after giving effect to such issuance or sale would have been permitted to be made under Section 4.07 if made on the date of such issuance or sale. 
  
 Section 4.20. Insurance. 
  
 The Company and each Guarantor shall comply with Section 8 of the
Second Lien Security Agreement. 
  

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 ARTICLE FIVE

 SUCCESSORS 
  
 Section 5.01. Merger, Consolidation or Sale of Assets. 
  
 The Company shall not directly or indirectly: (1) consolidate or merge with or into another Person (whether or not the
Company is the surviving corporation) or (2) sell, assign, transfer, convey or otherwise dispose of all or substantially all of the properties and assets of the Company and its Restricted Subsidiaries taken as a whole, in one or more related
transactions, to another Person, unless: 
  
 (a)
either: (i) the Company is the surviving corporation; or (ii) the Person formed by or surviving any such consolidation or merger (if other than the Company) or to which such sale, assignment, transfer, conveyance or other disposition shall
have been made (x) is a corporation organized or existing under the laws of the United States, any state thereof or the District of Columbia, (y) assumes all the obligations of the Company under the Notes, this Indenture, the Collateral
Documents and the Registration Rights Agreement pursuant to agreements reasonably satisfactory to the Trustee, and (z) grants a valid and perfected security interest (subject to the terms of the Intercreditor Agreement) to the Trustee and the
Holders of Notes in all of its property and assets constituting Collateral securing its obligations under the Notes and this Indenture; 
  
 (b) immediately after giving effect to such transaction, no Default or Event of Default exists; 
  
 (c) the Company or the Person formed by or surviving any
such consolidation or merger (if other than the Company), or to which such sale, assignment, transfer, conveyance or other disposition shall have been made would, on the date of such transaction after giving pro forma effect thereto and any related
financing transactions as if the same had occurred at the beginning of the applicable four-quarter period, (i) be permitted to Incur at least $1.00 of additional Indebtedness pursuant to the Fixed Charge Coverage Ratio test set forth in
Section 4.09 or (ii) have a greater Fixed Charge Coverage Ratio for its most recently ended four fiscal quarters for which internal financial statements are available immediately preceding the date of such transaction than the Fixed Charge
Coverage Ratio of the Company (for such four-quarter period) immediately prior to such transaction; 
  
 (d) each Guarantor, unless such Guarantor is the Person with which the Company has entered into a transaction under this covenant, will
have by amendment to its Note Guarantee confirmed that its Note Guarantee will apply to the obligations of the Company or the surviving Person in accordance with the Notes and the Indenture; and 
  
 (e) the Company delivers to the Trustee (i) an
Officers’ Certificate (attaching the arithmetic computation to demonstrate compliance with clause (c) above) and an Opinion of Counsel, in each case, stating that such transaction and such agreement complies with this covenant and that all
conditions precedent provided for herein relating to such transaction have been complied with and (ii) with respect to the security interest 

  

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granted pursuant to clause (a)(ii)(z) above, an Opinion of Counsel as to such security interest (in form and substance satisfactory to the Trustee).

  
 Clause (c) of this Section 5.01 shall not apply to any merger,
consolidation or sale, assignment, transfer, conveyance or other disposition of assets between or among the Company and any of its Restricted Subsidiaries. 
  
 In addition, the Company shall not, and shall not permit any of its Restricted Subsidiaries to, directly or indirectly, lease all or substantially all of
the properties or assets of the Company and its Restricted Subsidiaries, considered as one enterprise, in one or more related transactions, to any other Person. 
  

Section 5.02. Successor Corporation Substituted. 
  
 Upon any consolidation or merger, or any sale, assignment, transfer, conveyance or other disposition of all or substantially
all of the assets of the Company in accordance with Section 5.01, the successor corporation formed by such consolidation or into or with which the Company is merged or to which such sale, assignment, transfer, conveyance or other disposition is
made shall succeed to, and be substituted for (so that from and after the date of such consolidation, merger, sale, assignment, conveyance or other disposition, the provisions of this Indenture referring to the “Company” shall refer
instead to the successor corporation and not to the Company), and may exercise every right and power of, the Company under this Indenture with the same effect as if such successor Person had been named as the Company in this Indenture. In the event
of any such assignment, transfer, conveyance or other disposition (other than any assignment, transfer, conveyance or other disposition by way of lease), the predecessor Company shall be released and discharged from all liabilities and obligations
in respect of the Notes and this Indenture and the predecessor Company may be dissolved, wound up or liquidated at any time thereafter. 
  
 ARTICLE SIX 
 DEFAULTS AND REMEDIES

  
 Section 6.01. Events of Default.

  
 Each of the following is an Event of Default: 
  
 (a) default for 30 days in the payment when due of interest
on, or Additional Interest with respect to, the Notes; 
  
 (b) default in payment when due (whether at maturity or upon acceleration, redemption or otherwise) of the principal of, or premium, if any, on, the Notes; 
  
 (c) failure by the Company or any of its Restricted Subsidiaries to comply with the provisions of Sections
4.10, 4.14 or 5.01; 
  
 (d) failure by Holdings,
the Company or any of the Company’s Restricted Subsidiaries for 30 days after written notice by the Trustee or Holders representing 25% 

  

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or more of the aggregate principal amount of Notes outstanding to comply with any of the other agreements in this Indenture or the Collateral Documents;

  
 (e) default under any mortgage, indenture or
instrument under which there may be issued or by which there may be secured or evidenced any Indebtedness of the Company or any Significant Subsidiary of the Company (or the payment of which is Guaranteed by the Company or any Significant Subsidiary
of the Company) whether such Indebtedness or Guarantee now exists, or is created after the Issue Date, if that default: 
  
 (i) is caused by a failure to make any payment when due at the final maturity of such Indebtedness (a “Payment Default”);
or 
  
 (ii) results in the acceleration of such
Indebtedness prior to its express maturity, 
  
 and, in each
case, the amount of any such Indebtedness, together with the amount of any other such Indebtedness under which there has been a Payment Default or the maturity of which has been so accelerated, aggregates $10.0 million or more; 
  
 (f) failure by the Company or any Significant Subsidiary of
the Company to pay final judgments (to the extent such judgments are not paid or covered by insurance provided by a reputable carrier that has the ability to perform and has acknowledged coverage in writing) aggregating in excess of $10.0 million,
which judgments are not paid, discharged or stayed for a period of 60 days; 
  
 (g) except as permitted by the Indenture, any Note Guarantee will be held in any judicial proceeding to be unenforceable or invalid or will cease for any reason to be in full force and effect or any Guarantor, or any
Person acting on behalf of any Guarantor, will deny or disaffirm its obligations under its Note Guarantee; 
  
 (h) breach by the Company or any of the Guarantors of any covenant or agreement in any of the Collateral Documents which adversely affects
the enforceability, validity, perfection or priority of the Note Liens, the repudiation by any of them of any of its obligations under any of the Collateral Documents, the unenforceability in any material respect of the Collateral Documents against
any of them for any reason or the loss of the perfection or priority of the Note Liens for any reason; and 
  
 (i) the Company, any Guarantor or any Significant Subsidiary of the Company, pursuant to or within the meaning of Bankruptcy Law:

  
 (i) commences a voluntary case; or

  
 (ii) consents to the entry of an order for
relief against it in an involuntary case; or 
  
 (iii) consents to the appointment of a custodian of it or for all or substantially all of its property; or 
  

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 (iv) makes a general assignment for the benefit of its creditors; or 
  
 (v) generally is not paying its debts as they become due;
and 
  
 (j) a court of competent jurisdiction
enters an order or decree under any Bankruptcy Law that: 
  
 (i) is for relief against the Company, any Guarantor or any Significant Subsidiary of the Company, in an involuntary case; or 
  

(ii) appoints a custodian of the Company, any Guarantor or any Significant Subsidiary of the Company or for all or substantially all of
the property of the Company, any Guarantor or any Significant Subsidiary of the Company; or 
  
 (iii) orders the liquidation of the Company, any Guarantor or any Significant Subsidiary of the Company; 
  
 and the order or decree remains unstayed and in effect for 60 consecutive
days. 
  
 Holders of the Notes may not enforce this Indenture, the
Collateral Documents or the Notes except as provided in this Indenture, the Collateral Documents and the Intercreditor Agreement. Subject to certain limitations, Holders of a majority in aggregate principal amount of the then outstanding Notes may
direct the Trustee in its exercise of any trust or power. The Trustee may withhold from Holders of the Notes notice of any Default or Event of Default (except a Default or Event of Default relating to the payment of principal or interest or
Additional Interest) if it determines that withholding notice is in their interest. 
  
 Section 6.02. Acceleration. 
  
 In the case of an Event of Default under clause (i) or (j) of the definition of an Event of Default, all outstanding Notes shall become due and
payable immediately without further action or notice. If any other Event of Default occurs and is continuing, the Trustee or the Holders of at least 25% in principal amount of the then outstanding Notes may declare all the Notes to be due and
payable immediately by notice in writing to the Company specifying the Event of Default. 
  
 In the case of any Event of Default occurring by reason of any willful action or inaction taken or not taken by or on behalf of the Company with the intention of avoiding payment of the premium that the Company would
have had to pay if the Company then had elected to redeem the Notes pursuant to Section 3.07, an equivalent premium shall also become and be immediately due and payable to the extent permitted by law upon the acceleration of the Notes. If an
Event of Default occurs prior to the first date on which the Company may redeem the Notes pursuant to Section 3.07, by reason of any willful action (or inaction) taken (or not taken) by or on behalf of the Company with the intention of avoiding
the prohibition on redemption of the Notes prior to such first date, then the premium specified in Section 3.07 shall also become immediately due and payable to the extent permitted by law upon the acceleration of the Notes. 
  

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 Section 6.03. Other Remedies. 
  
 (a) If an Event of Default occurs and is continuing, the Trustee may pursue
any available remedy to collect the payment of principal of, and premium, if any, interest and Additional Interest, if any, on, the Notes or to enforce the performance of any provision of the Notes or this Indenture. 
  
 (b) The Trustee may maintain a proceeding even if it does not possess any of
the Notes or does not produce any of them in the proceeding. A delay or omission by the Trustee or any Holder of a Note in exercising any right or remedy accruing upon an Event of Default shall not impair the right or remedy or constitute a waiver
of or acquiescence in the Event of Default. All remedies are cumulative to the extent permitted by law. 
  
 Section 6.04. Waiver of Past Defaults. 
  

The Holders of a majority in principal amount of the Notes then outstanding by notice to the Trustee may on behalf of the Holders of all of the Notes
waive any existing Default or Event of Default and its consequences hereunder except a continuing Default or Event of Default in the payment of premium, if any, interest or Additional Interest, if any, on, or the principal of, the Notes,
provided, however, that the Holders of a majority in principal amount of the then outstanding Notes may rescind an acceleration and its consequences, including any related payment default that resulted from such acceleration.

  
 The Company shall deliver to the Trustee an Officers’
Certificate stating that the requisite percentage of Holders have consented to such waiver and attaching copies of such consents. In case of any such waiver, the Company, the Trustee and the Holders shall be restored to their former positions and
rights hereunder and under the Notes, respectively. This Section 6.04 shall be in lieu of Section 316(a)(1)(B) of the TIA and such Section 316(a)(1)(B) of the TIA is hereby expressly excluded from this Indenture and the Notes, as
permitted by the TIA. Upon any such waiver, 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 shall extend to any subsequent or
other Default or impair any right consequent thereon. 
  
 Section 6.05. Control by Majority. 
  
 The
Holders of a majority in principal amount of the then outstanding Notes shall have the right to direct the time, method and place of conducting any proceeding for exercising any remedy available to the Trustee. However, the Trustee may refuse to
follow any direction that conflicts with law or this Indenture, that may involve the Trustee in personal liability or that the Trustee determines in good faith may be unduly prejudicial to the rights of Holders of Notes not joining in the giving of
such direction and may take any other action it deems proper that is not inconsistent with any direction received from Holders of Notes. The Trustee may withhold from Holders of the Notes notice of any Default or Event of Default (except a Default
or Event of Default relating to the payment of principal, premium, if any, interest or Additional Interest, if any) if it determines that withholding notice is in their interest. 
  

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 Section 6.06. Limitation on Suits. 
  
 (a) A Holder may not pursue any remedy with respect to this Indenture or the Notes unless: 
  
 (i) the Holder gives the Trustee written notice of a
continuing Event of Default; 
  
 (ii) the Holders
of at least 25% in aggregate principal amount of outstanding Notes make a written request to the Trustee to pursue the remedy; 
  
 (iii) such Holder or Holders offer and, if requested, provide to the Trustee security and indemnity satisfactory to the Trustee against
any costs, liability or expense that might be incurred by it in connection with the request or direction; 
  
 (iv) the Trustee does not comply with the request within 60 days after receipt of the request and the offer of and, if requested, the
provision of indemnity; and 
  
 (v) during such
60-day period, the Holders of a majority in aggregate principal amount of the then outstanding Notes do not give the Trustee a direction that is inconsistent with the request. 
  
 (b) A Holder of a Note may not use this Indenture to prejudice the rights of another Holder of a Note or to obtain a
preference or priority over another Holder of a Note. 
  
 Section 6.07. Rights of Holders of Notes to Receive Payment. 
  
 Notwithstanding any other provision of this Indenture, the limitations set forth in Section 6.06 shall not apply to the right of any Holder of a Note to receive payment of the principal of, or premium, if any,
interest or Additional Interest, if any, on, such Note or to bring suit for the enforcement of any such payment, on or after the due date expressed in the Notes, which right shall not be impaired or affected without the consent of the Holder.

  
 Section 6.08. Collection Suit by
Trustee. 
  
 If an Event of Default specified in
Section 6.01(a) or (b) occurs and is continuing, the Trustee is authorized to recover judgment in its own name and as trustee of an express trust against the Company for the whole amount of principal, premium, if any, interest and
Additional Interest, if any, remaining unpaid on the Notes and interest on overdue principal and premium, if any, and, to the extent lawful, interest and Additional Interest, if any, and such further amount as shall be sufficient to cover the costs
and expenses of collection, including the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and counsel. 
  
 Section 6.09. Trustee May File Proofs of Claim. 
  
 The Trustee is authorized to file such proofs of claim and other papers or documents as may be 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 

  

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Trustee, its agents and counsel) and the Holders of the Notes allowed in any judicial proceedings relative to the Company (or any other obligor upon the
Notes), its creditors or its property and shall be entitled and empowered to collect, receive and distribute any money or other securities or property payable or deliverable on any such claims and any custodian in any such judicial proceeding is
hereby authorized by each Holder to make such payments to the Trustee, 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 to it for the reasonable
compensation, expenses, disbursements and advances of the Trustee, its agents and counsel, and any other amounts due the Trustee under Section 7.07. To the extent that the payment of any such compensation, expenses, disbursements and advances
of the Trustee, its agents and counsel and any other amounts due the Trustee under Section 7.07 out of the estate in any such proceeding 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, money, securities and other properties that the Holders may be entitled to receive in such proceeding 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 the Notes or the rights of any Holder, or to
authorize the Trustee to vote in respect of the claim of any Holder in any such proceeding. 
  
 Section 6.10. Priorities. 
  
 (a) If the Trustee collects any money pursuant to this Article Six, it shall pay out the money in the following order: 
  
 First: to the Trustee, its agents and attorneys for amounts
due under Section 7.07, including payment of all compensation, expense and liabilities incurred, and all advances made, by the Trustee and the costs and expenses of collection; 
  
 Second: to Holders of Notes for amounts due and unpaid on the Notes for principal, premium, if any, interest
and Additional Interest, if any, ratably, without preference or priority of any kind, according to the amounts due and payable on the Notes for principal, premium, if any, interest and Additional Interest, if any, respectively; and 
  
 Third: to the Company or to such party as a court of
competent jurisdiction shall direct. 
  
 (b) The Trustee may fix a
record date and payment date for any payment to Holders of Notes pursuant to this Section 6.10. 
  
 Section 6.11. Undertaking for Costs. 
  
 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 a
Trustee, a court in its discretion may require the filing by any party litigant in the suit of an undertaking to pay the costs of the suit, and the court in its discretion may assess reasonable costs, including reasonable attorneys’ fees,
against any party litigant in the suit, having due regard to the merits and good faith of the claims or defenses made by the party litigant. This Section 6.11 does not apply to a 

  

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suit by the Trustee, a suit by a Holder of a Note pursuant to Section 6.07 hereof, or a suit by Holders of more than ten percent in principal amount of
the then outstanding Notes. 
  
 ARTICLE SEVEN 
 TRUSTEE 
  
 Section 7.01. Duties of Trustee. 
  
 Except to the extent, if any, provided otherwise in the TIA (as from time to time in effect): 
  
 (a) If 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. 
  
 (b) Except during
the continuance of an Event of Default: 
  
 (i)
the duties of the Trustee shall be determined solely by the express provisions of this Indenture and the Trustee need perform only those duties that are specifically set forth in this Indenture and no others, and no implied covenants or obligations
shall be read into this Indenture against the Trustee; and 
  
 (ii) in the absence of bad faith on its part, the Trustee may conclusively rely, as to the truth of the statements and the correctness of the opinions expressed therein, upon certificates or opinions furnished to the
Trustee and conforming to the requirements of this Indenture. However, the Trustee shall examine the certificates and opinions to determine whether or not they conform to the requirements of this Indenture. 
  
 (c) The Trustee may not be relieved from liabilities for its
own negligent action, its own negligent failure to act, or its own willful misconduct, except that: 
  
 (i) this paragraph does not limit the effect of paragraph (b) of this Section 7.01; 
  
 (ii) the Trustee shall not be liable for any error of
judgment made in good faith by a Responsible Officer, unless it is proved that the Trustee was negligent in ascertaining the pertinent facts; and 
  
 (iii) the Trustee shall not be liable with respect to any action it takes or omits to take in good faith in accordance with a direction
received by it pursuant to Section 6.05. 
  
 (d) Whether or not therein expressly so provided, every provision of this Indenture that in any way relates to the Trustee is subject to paragraphs (a), (b) and (c) of this Section 7.01. 
  

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 (e) No provision of this Indenture shall require the Trustee to expend or risk its own
funds or incur any liability. The Trustee shall be under no obligation to exercise any of its rights and powers under this Indenture at the request of any Holders, unless such Holder shall have offered to the Trustee security and indemnity
satisfactory to it against any loss, costs, liability or expense that might be incurred by it in connection with the request or direction. 
  
 (f) Money held in trust by the Trustee need not be segregated from other funds except to the extent required by law. 
  
 Section 7.02. Certain Rights of Trustee. 

 
 (a) The Trustee may conclusively rely upon any document believed by it to
be genuine and to have been signed or presented by the proper Person. The Trustee need not investigate any fact or matter stated in the document. 
  
 (b) Before the Trustee acts or refrains from acting, it may require an Officers’ Certificate or an Opinion of Counsel or both. The Trustee shall not
be liable for any action it takes or omits to take in good faith in reliance on such Officers’ Certificate or Opinion of Counsel. The Trustee may consult with counsel and the advice of such counsel or any Opinion of Counsel shall be full and
complete authorization and protection from liability in respect of any action taken, suffered or omitted by it hereunder in good faith and in reliance thereon. 
  

(c) The Trustee may act through its attorneys and agents and shall not be responsible for the misconduct or negligence of any agent appointed with due
care. 
  
 (d) The Trustee shall not be liable for any action it
takes or omits to take in good faith that it believes to be authorized or within the rights or powers conferred upon it by this Indenture. 
  
 (e) Unless otherwise specifically provided in this Indenture, any demand, request, direction or notice from the Company shall be sufficient if signed by
an Officer of the Company. 
  
 (f) The Trustee shall be under no
obligation to exercise any of the rights or powers vested in it by this Indenture at the request or direction of any of the Holders unless such Holders shall have offered to the Trustee security or indemnity reasonably satisfactory to it against the
costs, expenses and liabilities that might be incurred by it in compliance with such request or direction. 
  
 (g) Except with respect to Section 4.01, the Trustee shall have no duty to inquire as to the performance of the Company with respect to the covenants
contained in Article Four. In addition, the Trustee shall not be deemed to have knowledge of an Event of Default except (i) any Default and Event of Default occurring pursuant to Section 4.01, 6.01(a) or 6.01(b) or (ii) any
Default or Event of Default of which the Trustee shall have received written notification or obtain actual knowledge. 
  

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 (h) Delivery of reports, information and documents to the Trustee under Section 4.03 is for
informational purposes only and the Trustee’s receipt of the foregoing shall not constitute constructive notice of any information contained therein or determinable from information contained therein, including the Company’s compliance
with any of their covenants hereunder (as to which the Trustee is entitled to rely exclusively on Officers’ Certificates). 
  
 Section 7.03. Individual Rights of Trustee. 
  
 The Trustee in its individual or any other capacity may become the owner or pledgee of Notes and may become a creditor of,
or otherwise deal with, the Company or any of its Affiliates with the same rights it would have if it were not Trustee. However, in the event that the Trustee acquires any conflicting interest as described in the TIA (as in effect at such time), it
must eliminate such conflict within 90 days, apply to the Commission for permission to continue as trustee or resign. Any Agent may do the same with like rights and duties. The Trustee is also subject to Sections 7.10 and 7.11. 
  
 Section 7.04. Trustee’s Disclaimer. 

 
 The Trustee shall not be responsible for and makes no representation as
to the validity or adequacy of this Indenture, it shall not be accountable for the Company’s use of the proceeds from the Notes or any money paid to the Company or upon the Company’s direction under any provision of this Indenture, it
shall not be responsible for the use or application of any money received by any Paying Agent other than the Trustee, and it shall not be responsible for any statement or recital herein or any statement in the Notes or any other document in
connection with the sale of the Notes or pursuant to this Indenture other than its certificate of authentication. 
  
 Section 7.05. Notice of Defaults. 
  
 If a Default or Event of Default occurs and is continuing and if it is known to the Trustee, the Trustee shall mail to Holders of Notes a notice of the
Default or Event of Default within 90 days after it occurs. Except in the case of a Default or Event of Default relating to the payment of principal of, or premium, if any, interest or Additional Interest, if any, on, any Note, the Trustee may
withhold the notice if and so long as a committee of its Responsible Officers in good faith determines that withholding the notice is in the interests of the Holders of the Notes. 
  
 Section 7.06. Reports by Trustee to Holders of the Notes. 
  
 (a) Within 60 days after each May 15 beginning with May 15, 2006,
and for so long as Notes remain outstanding, the Trustee shall mail to the Holders of the Notes a brief report dated as of such reporting date that complies with TIA Section 313(a) (but if no event described in TIA Section 313(a) has
occurred within the twelve months preceding the reporting date, no report need be transmitted). The Trustee also shall comply with TIA Section 313(b)(2). The Trustee shall also transmit by mail all reports as required by TIA
Section 313(c). 
  
 (b) A copy of each report at the time of
its mailing to the Holders of Notes shall be mailed to the Company and filed with the Commission and each stock exchange on which the Notes are listed in accordance with TIA Section 313(d). The Company shall promptly notify the Trustee when the
Notes are listed on any stock exchange or any delisting thereof. 
  

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 Section 7.07. Compensation and Indemnity. 
  
 (a) The Company shall pay to the Trustee from time to time reasonable
compensation for its acceptance of this Indenture and services hereunder in accordance with a written schedule as agreed by the Trustee and the Company. The Trustee’s compensation shall not be limited by any law on compensation of a trustee of
an express trust. The Company shall reimburse the Trustee promptly upon request for all reasonable disbursements, advances and expenses incurred or made by it in addition to the compensation for its services. Such expenses shall include the
reasonable compensation, disbursements and expenses of the Trustee’s agents and counsel. 
  
 (b) The Company shall indemnify the Trustee against any and all losses, liabilities or expenses incurred by it arising out of or in connection with the acceptance or administration of its duties under this Indenture,
including the costs and expenses of enforcing this Indenture against the Company (including this Section 7.07) and defending itself against any claim (whether asserted by either of the Company or any Holder or any other person) or liability in
connection with the exercise or performance of any of its powers or duties hereunder, except to the extent any such loss, liability or expense may be attributable to its negligence, bad faith or willful misconduct. The Trustee shall notify the
Company promptly of any claim for which it may seek indemnity. Failure by the Trustee to so notify the Company shall not relieve the Company of its obligations hereunder unless the failure to notify the Company impairs the Company’s ability to
defend such claim. The Company shall defend the claim and the Trustee shall cooperate in the defense. The Company need not pay for any settlement made without its consent. 
  
 (c) The obligations of the Company under this Section 7.07 shall survive the satisfaction and discharge of this
Indenture and resignation of removal of the Trustee. 
  
 (d) To
secure the Company’s payment obligations in this Section 7.07, the Trustee shall have a Lien prior to the Notes on all money or property held or collected by the Trustee, except that held in trust to pay principal and interest on
particular Notes. Such Lien shall survive the satisfaction and discharge of this Indenture and resignation or removal of the Trustee. 
  
 (e) When the Trustee incurs expenses or renders services after an Event of Default specified in Section 6.01(i) and (j) hereof occurs, the
expenses and the compensation for the services (including the fees and expenses of its agents and counsel) are intended to constitute expenses of administration under any Bankruptcy Law. 
  
 (f) The Trustee shall comply with the provisions of TIA Section 313(b)(2) to the extent applicable. 
  
 Section 7.08. Replacement of Trustee. 
  
 (a) A resignation or removal of the Trustee and appointment of a successor
Trustee shall become effective only upon the successor Trustee’s acceptance of appointment as provided in this Section 7.08. 
  

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 (b) The Trustee may resign in writing at any time and be discharged from the trust hereby created by so
notifying the Company. The Holders of a majority in principal amount of the then outstanding Notes may remove the Trustee by so notifying the Trustee and the Company in writing. The Company may remove the Trustee if: 
  
 (i) the Trustee fails to comply with Section 7.10;

  
 (ii) the Trustee is adjudged a bankrupt or an
insolvent or an order for relief is entered with respect to the Trustee under any Bankruptcy Law; 
  
 (iii) a custodian or public officer takes charge of the Trustee or its property; or 
  
 (iv) the Trustee becomes incapable of acting. 
  
 (c) If the Trustee resigns or is removed or if a vacancy exists in the office
of Trustee for any reason, the Company shall promptly appoint a successor Trustee. Within one year after the successor Trustee takes office, the Holders of a majority in principal amount of the then outstanding Notes may appoint a successor Trustee
to replace the successor Trustee appointed by the Company. 
  
 (d)
If a successor Trustee does not take office within 60 days after the retiring Trustee resigns or is removed, the retiring Trustee, the Company, or the Holders of at least 10% in principal amount of the then outstanding Notes may petition at the
expense of the Company any court of competent jurisdiction for the appointment of a successor Trustee. 
  
 (e) If the Trustee, after written request by any Holder who has been a Holder for at least six months, fails to comply with Section 7.10, such Holder
may petition any court of competent jurisdiction for the removal of the Trustee and the appointment of a successor Trustee. 
  
 (f) A successor Trustee shall deliver a written acceptance of its appointment to the retiring Trustee and to the Company. Thereupon, the resignation or
removal of the retiring Trustee shall become effective, and the successor Trustee shall have all the rights, powers and duties of the Trustee under this Indenture. The successor Trustee shall mail a notice of its succession to Holders. The retiring
Trustee shall promptly transfer all property held by it as Trustee to the successor Trustee, provided all sums owing to the Trustee hereunder have been paid and subject to the Lien provided for in Section 7.07. Notwithstanding
replacement of the Trustee pursuant to this Section 7.08, the Company’s obligations under Section 7.07 shall continue for the benefit of the retiring Trustee. 
  
 Section 7.09. Successor Trustee by Merger, Etc. 
  
 If the Trustee consolidates, merges or converts into, or transfers all or
substantially all of its corporate trust business to, another Person, the successor Person without any further act shall be the successor Trustee. 
  

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 Section 7.10. Eligibility; Disqualification. 
  
 There shall at all times be a Trustee hereunder that is a corporation
organized and doing business under the laws of the United States of America or of any state thereof that is authorized under such laws to exercise corporate trust powers, that is subject to supervision or examination by federal or state authorities
and that has a combined capital and surplus of at least $50.0 million as set forth in its most recent published annual report of condition. 
  
 This Indenture shall always have a Trustee who satisfies the requirements of TIA Section 310(a)(1), (2) and (5). The Trustee is subject to TIA
Section 310(b). 
  
 Section 7.11.
Preferential Collection of Claims Against Company. 
  
 The
Trustee is subject to TIA Section 311(a), excluding any creditor relationship listed in TIA Section 311(b). A Trustee who has resigned or been removed shall be subject to TIA Section 311(a) to the extent indicated therein. The Trustee
hereby waives any right to set off any claim that it may have against the Company in any capacity (other than as Trustee and Paying Agent) against any of the assets of the Company held by the Trustee; provided, however, that if the
Trustee is or becomes a lender of any other Indebtedness permitted hereunder to be pari passu with the Notes, then such waiver shall not apply to the extent of such Indebtedness. 
  
 ARTICLE EIGHT 
 DEFEASANCE AND COVENANT DEFEASANCE 
  
 Section 8.01. Option to Effect Legal Defeasance or Covenant Defeasance. 
  
 The Company may, at the option of the Board of Directors evidenced by a resolution set forth in an Officers’ Certificate, at any time, elect to have either Section 8.02 or 8.03 be applied to all outstanding
Notes upon compliance with the conditions set forth below in this Article Eight. In addition, subject to compliance with this Article Eight, the Company may exercise its option under Section 8.02 notwithstanding the prior exercise of its option
under Section 8.03. 
  
 Section 8.02.
Legal Defeasance and Discharge. 
  
 Upon the
Company’s exercise under Section 8.01 hereof of the option applicable to this Section 8.02, the Company shall, subject to the satisfaction of the conditions set forth in Section 8.04 hereof, be deemed to have been discharged from
its obligations with respect to all outstanding Notes and all obligations of each of the Guarantors shall be deemed to have been discharged with respect to its obligations under its Note Guarantee on the date the conditions set forth below are
satisfied (hereinafter, “Legal Defeasance”). For this purpose, Legal Defeasance means that the Company and each Guarantor shall be deemed to have paid and discharged the entire Indebtedness represented by the outstanding Notes and
the relevant Note Guarantee, respectively which shall thereafter be deemed to be “outstanding” only for the purposes of Section 8.05 and the other Sections of this Indenture referred to in (a) and (b) below, and to have
satisfied all its other obligations under such Notes, this Indenture and such Note Guarantee (and the Trustee, on demand of and at the expense of the Company, shall execute proper instruments 

  

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acknowledging the same), except for the following provisions which shall survive until otherwise terminated or discharged hereunder: 
  
 (a) the rights of Holders of outstanding Notes to receive payments in respect
of the principal of, and premium, if any, interest and Additional Interest, if any, on, such Notes when such payments are due from the trust referred to in Section 8.04; 
  
 (b) the Company’s obligations with respect to the Notes concerning issuing temporary Notes, registration of Notes,
mutilated, destroyed, lost or stolen Notes under Article Two and the maintenance of an office or agency for payment and money for security payments held in trust under Section 4.02; 
  
 (c) the rights, powers, trusts, duties and immunities of the Trustee, and the Company’s and each Guarantor’s
obligations in connection therewith; and 
  
 (d) this Article
Eight. 
  
 Section 8.03. Covenant
Defeasance. 
  
 Upon the Company’s exercise under
Section 8.01 hereof of the option applicable to this Section 8.03, the Company and each of the Guarantors shall, subject to the satisfaction of the conditions set forth in Section 8.04 hereof, be released from their obligations under
the covenants contained in Sections 3.08, 4.07, 4.08, 4.09, 4.10, 4.11, 4.12, 4.13, 4.14, 4.16, 4.17, 4.18, 4.19 and 5.01 (and the corresponding provisions of the Notes) with respect to the outstanding Notes and the related Note Guarantees on and
after the date the conditions set forth in Section 8.04 are satisfied (hereinafter, “Covenant Defeasance”), and the Notes shall thereafter be deemed not “outstanding” for the purposes of any direction, waiver, consent
or declaration or act of Holders (and the consequences of any thereof) in connection with such covenants, but shall continue to be deemed “outstanding” for all other purposes hereunder (it being understood that such Notes shall not be
deemed outstanding for accounting purposes). For this purpose, Covenant Defeasance means that, with respect to the outstanding Notes, the Company and each Guarantor may omit to comply with and shall have no liability in respect of any term,
condition or limitation set forth in any such covenant, whether directly or indirectly, by reason of any reference elsewhere herein to any such covenant or by reason of any reference in any such covenant to any other provision herein or in any other
document and such omission to comply shall not constitute a Default or an Event of Default under Section 6.01, but, except as specified above, the remainder of this Indenture and such Notes shall be unaffected thereby. In addition, upon the
Company’s exercise under Section 8.01 of the option applicable to this Section 8.03, subject to the satisfaction of the conditions set forth in Section 8.04, Sections 6.01(c) through (f) shall not constitute Events of
Default. 
  
 Section 8.04. Conditions to Legal
or Covenant Defeasance. 
  
 (a) The following shall be the
conditions to the application of either Section 8.02 or 8.03 to the outstanding Notes: 
  
 (i) the Company must irrevocably deposit with the Trustee, in trust, for the benefit of the Holders of the Notes, cash in U.S. dollars
and/or non-callable Government 

  

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Securities (if applicable, in combination with Qualified Interest Rate Agreements) that through the payment of interest and principal (in respect of such
Government Securities) or other amounts (in respect of such Qualified Interest Rate Agreements) will provide funds (net of any amounts payable by the trust pursuant to any such Qualified Interest Rate Agreements) as will be sufficient, in the
opinion of a nationally recognized firm of independent public accountants, to pay the principal of, and premium, if any, interest and Additional Interest, if any, on, the outstanding Notes on the Stated Maturity or on the applicable redemption date,
as the case may be, and the Company must specify whether the Notes are being defeased to maturity or to a particular redemption date; 
  
 (ii) in the case of Legal Defeasance, the Company shall have delivered to the Trustee an Opinion of Counsel reasonably acceptable to the
Trustee confirming that (a) the Company has received from, or there has been published by, the Internal Revenue Service a ruling or (b) since the Issue Date, there has been a change in the applicable federal income tax law, in either case
to the effect that, and based thereon such Opinion of Counsel shall confirm that, the Holders of the outstanding Notes shall not recognize income, gain or loss for federal income tax purposes as a result of such Legal Defeasance and shall be subject
to federal income tax on the same amounts, in the same manner and at the same times as would have been the case if such Legal Defeasance had not occurred; 
  
 (iii) in the case of Covenant Defeasance, the Company shall have delivered to the Trustee an Opinion of Counsel reasonably acceptable to
the Trustee confirming that the Holders of the outstanding Notes shall not recognize income, gain or loss for federal income tax purposes as a result of such Covenant Defeasance and shall be subject to federal income tax on the same amounts, in the
same manner and at the same times as would have been the case if such Covenant Defeasance had not occurred; 
  
 (iv) no Default or Event of Default shall have occurred and be continuing on the date of such deposit; 
  
 (v) such Legal Defeasance or Covenant Defeasance shall not
result in a breach or violation of, or constitute a default under any material agreement or instrument to which Holdings or any of its Subsidiaries is a party or by which Holdings or any of its Subsidiaries is bound; 
  
 (vi) the Company must have delivered to the Trustee an
Opinion of Counsel to the effect that (1) assuming no intervening bankruptcy of the Company or any Guarantor between the date of deposit and the 123rd day following the deposit and assuming that no Holder is an “insider” of the Company under applicable bankruptcy law, after the 123rd day following the deposit, the trust funds shall not be subject to the effect of any applicable bankruptcy, insolvency, reorganization or similar laws
affecting creditors’ rights generally, including Section 547 of the United States Bankruptcy Code and Section 15 of the New York Debtor and Creditor law and (2) the creation of the defeasance trust does not violate the Investment
Company Act of 1940; 
  

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 (vii) the Company must deliver to the Trustee an Officers’ Certificate stating that
the deposit was not made by the Company with the intent of defeating, hindering, delaying or defrauding creditors of the Company or others; 
  
 (viii) if the Notes are to be redeemed prior to their Stated Maturity, the Company must deliver to the Trustee irrevocable instructions to
redeem all of the Notes on the specified redemption date; and 
  
 (ix) the Company must deliver to the Trustee an Officers’ Certificate and an Opinion of Counsel, each stating that all conditions precedent relating to the Legal Defeasance or the Covenant Defeasance have been
complied with. 
  
 Section 8.05. Deposited
Money and Government Securities to Be Held in Trust; Other Miscellaneous Provisions. 
  
 (a) Subject to Section 8.06, all money and non-callable Government Securities (including the proceeds thereof) deposited with the Trustee pursuant to Section 8.04 in respect of the outstanding Notes shall be
held in trust and applied by the Trustee, in accordance with the provisions of such Notes and this Indenture, to the payment, either directly or through any Paying Agent (including the Company acting as Paying Agent) as the Trustee may determine, to
the Holders of such Notes of all sums due and to become due thereon in respect of principal, premium, if any, interest and Additional Interest, if any, but such money need not be segregated from other funds except to the extent required by law.

  
 (b) The Company shall pay and indemnify the Trustee against
any tax, fee or other charge imposed on or assessed against the cash or non-callable Government Securities deposited pursuant to Section 8.04 or the principal and interest received in respect thereof other than any such tax, fee or other charge
which by law is for the account of the Holders of the outstanding Notes. 
  
 (c) Anything in this Article Eight to the contrary notwithstanding, the Trustee shall deliver or pay to the Company from time to time upon the request of the Company any money or non-callable Government Securities
held by it as provided in Section 8.04 which, in the opinion of a nationally recognized firm of independent public accountants expressed in a written certification thereof delivered to the Trustee (which may be the opinion delivered under
Section 8.04(a)), are in excess of the amount thereof that would then be required to be deposited to effect an equivalent Legal Defeasance or Covenant Defeasance. 
  
 Section 8.06. Repayment to the Company. 
  
 Any money deposited with the Trustee or any Paying Agent, or then held by
the Company, in trust for the payment of the principal of, or premium, if any, interest or Additional Interest, if any, on, any Note and remaining unclaimed for two years after such principal, premium, if any, interest or Additional Interest, if
any, has become due and payable shall be paid to the Company on its request or (if then held by the Company) shall be discharged from such trust; and the Holder of such Note shall thereafter 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 all liability of the Company as trustee thereof, shall thereupon cease; provided, however, that the 

  

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Trustee or such Paying Agent, before being required to make any such repayment, may at the reasonable expense of the Company cause to be published once, in
The New York Times and The Wall Street Journal (national edition), notice that such money remains unclaimed and that, after a date specified therein, which shall not be less than 30 days from the date of such notification or
publication, any unclaimed balance of such money then remaining shall be repaid to the Company. 
  
 Section 8.07. Reinstatement. 
  
 If the Trustee or Paying Agent is unable to apply any United States dollars or non-callable Government Securities in accordance with Section 8.02 or
8.03, as the case may be, by reason of any order or judgment of any court or governmental authority enjoining, restraining or otherwise prohibiting such application, then the Company’s obligations under this Indenture and the Notes shall be
revived and reinstated as though no deposit had occurred pursuant to Section 8.02 or 8.03 and, in the case of a Legal Defeasance, each Guarantor’s obligations under its Note Guarantee shall be revised and reinstated as though no deposit
had occurred pursuant to Section 8.02, in each case, until such time as the Trustee or Paying Agent is permitted to apply all such money in accordance with Section 8.02 or 8.03, as the case may be; provided, however, that, if
the Company makes any payment of principal of, or premium, if any, interest or Additional Interest, if any, on, any Note following the reinstatement of its obligations, the Company shall be subrogated to the rights of the Holders of such Notes to
receive such payment from the money held by the Trustee or Paying Agent. 
  
 ARTICLE NINE 
 AMENDMENT, SUPPLEMENT AND WAIVER 
  
 Section 9.01. Without Consent of Holders of Notes. 
  
 (a) Notwithstanding Section 9.02, the Company, the Guarantors and the
Trustee may amend or supplement this Indenture, the Notes, the Collateral Documents or the Intercreditor Agreement without the consent of any Holder of a Note: 
  

(i) to cure any ambiguity, defect or inconsistency; 
  
 (ii) to provide for uncertificated Notes in addition to or in place of certificated Notes; 
  
 (iii) to provide for the assumption of the Company’s or
any Guarantor’s obligations to Holders of Notes in the case of a merger or consolidation or sale of all or substantially all of the Company’s or such Guarantor’s assets; 
  
 (iv) to make any change that would provide any additional rights or benefits to the Holders of Notes or that
does not materially adversely affect the legal rights under this Indenture of any such Holder; 
  
 (v) to comply with requirements of the Commission in order to effect or maintain the qualification of this Indenture under the Trust
Indenture Act of 1939; 
  

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 (vi) to comply with Section 4.17; 
  
 (vii) to evidence and provide for the acceptance of
appointment by a successor Trustee; 
  
 (viii) to
enter into additional or supplemental Collateral Documents or to make amendments thereto required by the Intercreditor Agreement; or 
  
 (ix) to provide for the issuance of Additional Notes in accordance with this Indenture. 
  
 Upon the request of the Company accompanied by a resolution of its Board of
Directors authorizing the execution of any such amendment or supplement to this Indenture, the Collateral Documents or the Intercreditor Agreement, and upon receipt by the Trustee of any documents requested under Section 7.02(b), the Trustee
shall join with the Company and the Guarantors in the execution of such amendment or supplement and the making of any further appropriate agreements and stipulations that may be therein contained, but the Trustee shall not be obligated to enter into
any such amendment or supplement that affects its own rights, duties or immunities under this Indenture or otherwise. 
  
 Section 9.02. With Consent of Holders of Notes. 
  
 (a) Except as otherwise provided in this Section 9.02, the Company, the Guarantors and the Trustee may amend or
supplement this Indenture, the Notes, the Collateral Documents or the Intercreditor Agreement with the consent of the Holders of at least a majority in principal amount of the Notes then outstanding (including, without limitation, consents obtained
in connection with a purchase of, or tender offer or exchange offer for, Notes), and, subject to Sections 6.04 and 6.07, any existing Default or Event of Default or compliance with any provision of this Indenture, the Notes or the Collateral
Documents may be waived with the consent of the Holders of a majority in principal amount of the then outstanding Notes (including, without limitation, consents obtained in connection with a purchase of, or tender offer or exchange offer for,
Notes). 
  
 (b) The Company may, but shall not be obligated to,
fix a record date for the purpose of determining the Persons entitled to consent to any indenture supplemental hereto or any amendment to the Collateral Documents or the Intercreditor Agreement. If a record date is fixed, the Holders on such record
date, or its duly designated proxies, and only such Persons, shall be entitled to consent to such supplemental indenture, amended Collateral Documents or amended Intercreditor Agreement, as the case may be, whether or not such Holders remain Holders
after such record date; provided that unless such consent shall have become effective by virtue of the requisite percentage having been obtained prior to the date which is 120 days after such record date, any such consent previously given
shall automatically and without further action by any Holder be cancelled and of no further effect. 
  
 (c) Upon the request of the Company accompanied by a resolution of its Board of Directors authorizing the execution of any such amendment or supplement to
this Indenture, the Collateral Documents or the Intercreditor Agreement, and, upon the filing with the Trustee of evidence satisfactory to the Trustee of the consent of the Holders of Notes as aforesaid 

  

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and upon receipt by the Trustee of the documents described in Section 7.02(b), the Trustee shall join with the Company in the execution of such
amendment or supplement and the making of any further appropriate agreements and stipulations that may be therein contained, but the Trustee shall not be obligated to enter into any such amendment or supplement that affects its own rights, duties or
immunities under this Indenture or otherwise. 
  
 (d) It shall not
be necessary for the consent of the Holders of Notes under this Section 9.02 to approve the particular form of any proposed amendment, supplement or waiver, but it shall be sufficient if such consent approves the substance thereof. 

 
 (e) After an amendment, supplement or waiver under this Section becomes
effective, the Company shall mail to the Holders of Notes affected thereby a notice briefly describing the amendment, supplement or waiver. Any failure of the Company to mail such notice, or any defect therein, shall not, however, in any way impair
or affect the validity of any such amendment, supplement or waiver. Subject to Sections 6.04 and 6.07, the Holders of a majority in aggregate principal amount of the then outstanding Notes (including Additional Notes, if any) may waive compliance in
a particular instance by the Company with any provision of this Indenture, or the Notes. However, without the consent of each Holder affected, an amendment or waiver under this Section 9.02 may not (with respect to any Notes held by a
non-consenting Holder): 
  
 (i) reduce the
percentage of principal amount of Notes whose Holders must consent to an amendment, supplement or waiver; 
  
 (ii) reduce the principal of or change the fixed maturity of any Note or alter the provisions, or waive any payment, with respect to the
redemption of the Notes; 
  
 (iii) reduce the
rate of or change the time for payment of interest on any Note; 
  
 (iv) waive a Default or Event of Default in the payment of principal of, or premium, if any, interest or Additional Interest, if any, on, the Notes (except a rescission of acceleration of the Notes by the Holders of
at least a majority in aggregate principal amount of the Notes and a waiver of the payment default that resulted from such acceleration); 
  
 (v) make any Note payable in money other than U.S. dollars; 
  
 (vi) make any change in the provisions of this Indenture relating to waivers of past Defaults or the rights
of Holders of Notes to receive payments of principal of, or premium, if any, interest or Additional Interest, if any, on, the Notes; 
  
 (vii) release any Guarantor from any of its obligations under its Note Guarantee or this Indenture, except in accordance with the terms of
this Indenture; 
  
 (viii) impair the right to
institute suit for the enforcement of any payment on or with respect to the Notes or the Note Guarantees; 
  

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 (ix) amend, change or modify the obligation of the Company to make and consummate an
Asset Sale Offer with respect to any Asset Sale in accordance with Section 4.10 hereof after the obligation to make such Asset Sale Offer has arisen, or the obligation of the Company to make and consummate a Change of Control Offer in the event
of a Change of Control in accordance with Section 4.14 hereof after such Change of Control has occurred, including, in each case, amending, changing or modifying any definition relating thereto; 
  
 (x) except as otherwise permitted under Section 4.17
hereof and Section 5.01 hereof, consent to the assignment or transfer by the Company or any Subsidiary Guarantor of any of their rights or obligations under this Indenture; 
  
 (xi) amend or modify any of the provisions of this Indenture or the related definitions affecting the
ranking of the Notes or any Note Guarantee in any manner adverse to the Holders of the Notes or any Note Guarantee; 
  
 (xii) release the Collateral from the Note Liens, except in accordance with the provisions hereof and in accordance with the Intercreditor
Agreement and the Collateral Documents; or 
  
 (xiii) make any change in the preceding amendment and waiver provisions. 
  
 Section 9.03. Compliance with Trust Indenture Act. 
  
 Every amendment or supplement to this Indenture, the Notes, the Collateral Documents or the Intercreditor Agreement shall be
set forth in a document that complies with the TIA as then in effect. 
  
 Section 9.04. Revocation and Effect of Consents. 
  
 Until an amendment, supplement or waiver becomes effective, a consent to it by a Holder of a Note is a continuing consent by the Holder of a Note and every subsequent Holder of a Note or portion of a Note that
evidences the same debt as the consenting Holder’s Note, even if notation of the consent is not made on any Note. However, any such Holder of a Note or subsequent Holder of a Note may revoke the consent as to its Note if the Trustee receives
written notice of revocation before the date the waiver, supplement or amendment becomes effective. An amendment, supplement or waiver becomes effective in accordance with its terms and thereafter binds every Holder. 
  
 Section 9.05. Notation on or Exchange of Notes.

  
 (a) The Trustee may place an appropriate notation about an
amendment, supplement or waiver on any Note thereafter authenticated. The Company in exchange for all Notes may issue and the Trustee shall, upon receipt of an Authentication Order, authenticate new Notes that reflect the amendment, supplement or
waiver. 
  
 (b) Failure to make the appropriate notation or issue
a new Note shall not affect the validity and effect of such amendment, supplement or waiver. 
  

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 Section 9.06. Trustee to Sign Amendments, Etc. 
  
 The Trustee shall sign any amendment or supplement to this Indenture, any
Note, any Collateral Documents or the Intercreditor Agreement authorized pursuant to this Article Nine if such amendment or supplement does not adversely affect the rights, duties, liabilities or immunities of the Trustee. The Company may not sign
an amendment or supplemental Indenture or Note until its Board of Directors approves it. In executing any amendment or supplement or Note, the Trustee shall be entitled to receive and (subject to Section 7.01) shall be fully protected in
relying upon an Officers’ Certificate and an Opinion of Counsel stating that the execution of such amendment or supplement is authorized or permitted by this Indenture. 
  
 ARTICLE TEN 
 NOTE GUARANTEES 
  
 Section
10.01. Guarantee. 
  
 (a) Subject to this Article Ten,
each of the Guarantors hereby, jointly and severally, and fully and unconditionally, guarantees to each Holder of a Note authenticated and delivered by the Trustee and to the Trustee and its successors and assigns, irrespective of the validity and
enforceability of this Indenture, the Notes or the obligations of the Company hereunder or thereunder, that: (i) the principal of, and premium, if any, interest and Additional Interest, if any, on, the Notes will be promptly paid in full when
due, whether at maturity, by acceleration, redemption or otherwise, and interest on the overdue principal of, and premium, if any, interest and Additional Interest, if any, on, the Notes, if lawful (subject in all cases to any applicable grace
period provided herein), and all other obligations of the Company to the Holders or the Trustee hereunder or thereunder will be promptly paid in full, all in accordance with the terms hereof and thereof; and (ii) in case of any extension of
time of payment or renewal of any Notes or any of such other obligations, the same will be promptly paid in full when due in accordance with the terms of the extension or renewal, whether at stated maturity, by acceleration or otherwise. Failing
payment when due of any amount so guaranteed for whatever reason, the Guarantors shall be jointly and severally obligated to pay the same immediately. Each Guarantor agrees that this is a guarantee of payment and not a guarantee of collection.

  
 (b) The Guarantors hereby agree that, to the maximum extent
permitted under applicable law, their obligations hereunder shall be unconditional, irrespective of the validity, regularity or enforceability of the Notes or this Indenture, the absence of any action to enforce the same, any waiver or consent by
any Holder of the Notes with respect to any provisions hereof or thereof, the recovery of any judgment against the Company, any action to enforce the same or any other circumstance which might otherwise constitute a legal or equitable discharge or
defense of a Guarantor. Subject to Section 6.06, each Guarantor hereby waives diligence, presentment, demand of payment, filing of claims with a court in the event of insolvency or bankruptcy of the Company, any right to require a proceeding
first against the Company, protest, notice and all demands whatsoever and covenants that this Note Guarantee shall not be discharged except by complete performance of the obligations contained in the Notes and this Indenture. 
  

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 (c) If any Holder or the Trustee is required by any court or otherwise to return to the Company, the
Guarantors or any custodian, trustee, liquidator or other similar official acting in relation to any of the Company or the Guarantors, any amount paid by any of them to the Trustee or such Holder, the Note Guarantee provided for herein, to the
extent theretofore discharged, shall be reinstated in full force and effect. 
  
 (d) Each Guarantor agrees that it shall not be entitled to any right of subrogation in relation to the Holders in respect of any obligations guaranteed hereby until payment in full of all obligations guaranteed
hereby. Each Guarantor further agrees that, as between the Guarantors, on the one hand, and the Holders and the Trustee, on the other hand, (x) the maturity of the obligations guaranteed hereby may be accelerated as provided in Article Six for
the purposes of the Note Guarantee provided for herein, notwithstanding any stay, injunction or other prohibition preventing such acceleration in respect of the obligations guaranteed hereby, and (y) in the event of any declaration of
acceleration of such obligations as provided in Article Six hereof, such obligations (whether or not due and payable) shall forthwith become due and payable by the Guarantors for the purpose of the Note Guarantee provided for herein. The Guarantors
shall have the right to seek contribution from any non-paying Guarantor so long as the exercise of such right does not impair the rights of the Holders under the Note Guarantee provided for herein. 
  
 Section 10.02. Limitation on Guarantor Liability.

  
 Each Guarantor, and by its acceptance of Notes, each Holder,
hereby confirms that it is the intention of all such parties that the Note Guarantee of such Guarantor not constitute (i) a fraudulent transfer or conveyance for purposes of Bankruptcy Law, the Uniform Fraudulent Conveyance Act, the Uniform
Fraudulent Transfer Act or any similar federal or state law to the extent applicable to its Note Guarantee or (ii) an unlawful distribution under any applicable state law prohibiting shareholder distributions by an insolvent subsidiary to the
extent applicable to its Note Guarantee. To effectuate the foregoing intention, the Trustee, the Holders and the Guarantors hereby irrevocably agree that the obligations of such Guarantor will be limited to the maximum amount as will, after giving
effect to all other contingent and fixed liabilities of such Guarantor that are relevant under such laws, and after giving effect to any collections from, rights to receive contribution from or payments made by or on behalf of any other Guarantor in
respect of the obligations of such other Guarantor under this Article Ten, result in the obligations of such Guarantor under its Note Guarantee not constituting a fraudulent transfer or conveyance or such an unlawful distribution. 
  
 Section 10.03. Note Guarantee Under Indenture.

  
 (a) If an Officer whose signature is on this Indenture no
longer holds that office at the time the Trustee authenticates the Note, the Note Guarantee provided for herein shall be valid nevertheless. 
  
 (b) The delivery of any Note by the Trustee, after the authentication thereof hereunder, shall constitute due delivery of the Note Guarantee provided for
herein on behalf of the Guarantors. 
  

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 (c) If required by Section 4.17, the Company shall cause its Subsidiaries to (i) execute
supplemental indentures to this Indenture providing for additional Note Guarantees in accordance with Section 4.17 and this Article Ten, to the extent applicable and (ii) grant a valid and perfected security interest (subject to the terms
of the Intercreditor Agreement) to the Trustee and the Holders of Notes in all of their respective properties and assets constituting Collateral securing their obligations under such Note Guarantees. 
  
 Section 10.04. Release of Guarantor. 
  
 (a) The Note Guarantee of a Subsidiary Guarantor shall be released in
accordance with the provisions of Section 4.17(d). 
  
 (b)
Upon Legal Defeasance in accordance with Article Eight or satisfaction and discharge of this Indenture in accordance with Article Eleven, each Guarantor will be released from, and relieved of all of its obligations under, its Note Guarantee.

  
 (c) Any Guarantor not released from its obligations under its
Note Guarantee pursuant to clause (a) or (b) of this Section 10.04 shall remain liable for the full amount of principal of, and premium, if any, interest and Additional Interest, if any, on, the Notes and for the other obligations of
any Guarantor under this Indenture as provided in this Article Ten. 
  
 ARTICLE ELEVEN 
 SATISFACTION AND DISCHARGE 
  
 Section 11.01. Satisfaction and Discharge. 
  
 (a) This Indenture shall be discharged and shall cease to be of further
effect as to all Notes issued hereunder, when: 
  
 (i) either: 
  
 (A) all Notes that have
been authenticated (except lost, stolen or destroyed Notes that have been replaced or paid and Notes for whose payment money has theretofore been deposited in trust and thereafter repaid to the Company) have been delivered to the Trustee for
cancellation; or 
  
 (B) all Notes that have not
been delivered to the Trustee for cancellation have become due and payable by reason of the mailing of a notice of redemption or otherwise or shall become due and payable within one year and the Company or any Guarantor has irrevocably deposited or
caused to be deposited with the Trustee as trust funds in trust solely for the benefit of the Holders, cash in U.S. dollars and/or non-callable Government Securities (if applicable, in combination with Qualified Interest Rate Agreements) that
through the payment of interest and principal (in respect of such Government Securities) or other amounts (in respect of such Qualified Interest Rate Agreements) will provide funds (net of any amounts payable by the trust pursuant to any such
Qualified Interest Rate Agreements) as shall be sufficient, without consideration of any reinvestment of interest, to pay and discharge the entire indebtedness on the Notes 

  

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not delivered to the Trustee for cancellation for principal, premium, if any, and accrued and unpaid interest and Additional Interest, if any, to the date of
maturity or redemption; 
  
 (ii) no Default or
Event of Default shall have occurred and be continuing on the date of such deposit or shall occur as a result of such deposit and such deposit shall not result in a breach or violation of, or constitute a default under, any other instrument to which
the Company or any Guarantor is a party or by which the Company or any Guarantor is bound; 
  
 (iii) the Company or any Guarantor has paid or caused to be paid all sums payable by it under this Indenture; and 
  
 (iv) the Company has delivered irrevocable instructions to
the Trustee under this Indenture to apply the deposited money toward the payment of the Notes at maturity or the redemption date, as the case may be. 
  
 (b) In addition, the Company must deliver an Officers’ Certificate and an Opinion of Counsel to the Trustee stating that all conditions precedent to
satisfaction and discharge have been satisfied. 
  
 (c)
Notwithstanding the above, the Trustee shall pay to the Company from time to time upon its request any cash or Government Securities held by it as provided in this section which, in the opinion of a nationally recognized firm of independent public
accountants expressed in a written certification delivered to the Trustee, are in excess of the amount thereof that would then be required to be deposited to effect a satisfaction and discharge under this Article Eleven. 
  
 (d) After the conditions to discharge contained in this Article Eleven have
been satisfied, and the Company has paid or caused to be paid all other sums payable hereunder by the Company, and delivered to the Trustee an Officers’ Certificate and Opinion of Counsel, each stating that all conditions precedent to
satisfaction and discharge have been satisfied, the Trustee upon written request shall acknowledge in writing the discharge of the obligations of the Company and the Subsidiary Guarantors, if any, under this Indenture (except for those surviving
obligations specified in Section 8.02). 
  
 Section 11.02. Deposited Money and Government Securities to Be Held in Trust; Other Miscellaneous Provisions. 
  
 Subject to Section 11.03 hereof, all money and non-callable Government Securities (including the proceeds thereof) deposited with the Trustee
pursuant to Section 11.01 hereof in respect of the outstanding Notes shall be held in trust and applied by the Trustee, in accordance with the provisions of such Notes and this Indenture, to the payment, either directly or through any Paying
Agent (including the Company acting as Paying Agent) as the Trustee may determine, to the Holders of such Notes of all sums due and to become due thereon in respect of principal, premium or Additional Interest, if any, or interest, but such money
need not be segregated from other funds except to the extent required by law. 
  

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 Section 11.03. Repayment to the Company. 
  
 Any money deposited with the Trustee or any Paying Agent, or then held by
the Company, in trust for the payment of the principal of, or premium, if any, interest or Additional Interest, if any, on, any Note and remaining unclaimed for two years after such principal, premium, if any, interest or Additional Interest, if
any, has become due and payable shall be paid to the Company on its request or (if then held by the Company) shall be discharged from such trust; and the Holder of such Note shall thereafter 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 all liability of the Company as trustee thereof, shall thereupon cease; provided, however, that the Trustee or such Paying Agent, before being required
to make any such repayment, may at the reasonable expense of the Company cause to be published once, in The New York Times and The Wall Street Journal (national edition), notice that such money remains unclaimed and that, after a date
specified therein, which shall not be less than 30 days from the date of such notification or publication, any unclaimed balance of such money then remaining shall be repaid to the Company. 
  
 ARTICLE TWELVE 
 COLLATERAL DOCUMENTS AND SECURITY 
  
 Section 12.01. Rights of the Trustee. 
  
 (a) The Trustee shall act as Collateral Agent and, as Collateral Agent, shall be entitled to the protections, immunities and indemnities afforded the
Trustee. 
  
 (b) The Collateral Agent is authorized and empowered
to appoint one or more co-Collateral Agents as it deems necessary or appropriate. 
  
 (c) Neither the Trustee nor the Collateral Agent nor any of their respective officers, directors, employees, attorneys or agents shall be responsible for the existence, genuineness, value or protection of any
Collateral (except for the safe custody of any Collateral in their possession and the accounting for moneys actually received by them hereunder), for the legality, enforceability, effectiveness or sufficiency of the Collateral Documents, for the
creation, perfection, priority, sufficiency or protection of any Note Lien, or for any failure to demand, collect, foreclose or realize upon or otherwise enforce any of the Note Liens or Collateral Documents or for any delay in doing so. The Trustee
and the Collateral Agent shall be deemed to have exercised reasonable care in the custody and preservation of any Collateral in their possession if such Collateral is accorded treatment substantially equal to that which they accord their own
property. 
  
 (d) The Collateral Agent shall be subject to such
directions as may be given it by the Trustee from time to time as required or permitted by this Indenture and the Intercreditor Agreement. Except as directed by the Trustee and as required or permitted by this Indenture, the Intercreditor Agreement
or the Collateral Documents, the Collateral Agent shall not be obligated: 
  
 (i) to act upon directions purported to be delivered to it by any other Person; 
  
 (ii) to foreclose upon or otherwise enforce any Note Lien; or 
  

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 (iii) to take any other action whatsoever with regard to any or all of the Note Liens,
Collateral Documents or Collateral. 
  
 (e) The Collateral Agent
shall be accountable only for amounts that it actually receives as a result of the enforcement of the Note Liens or Collateral Documents. 
  
 (f) In acting as Collateral Agent or co-Collateral Agent, the Collateral Agent and each co-Collateral Agent may rely upon and enforce each and all of the
rights, powers, immunities, indemnities and benefits of the Trustee under Article Seven. 
  
 (g) Each successor Trustee shall become the successor Collateral Agent as and when the successor Trustee becomes the Trustee. 
  
 Section 12.02. Collateral Documents. 
  
 (a) In order to secure the due and punctual payment of the Notes, the Company and the Guarantors have entered or will enter into the Collateral Documents
to create the Note Liens on the Collateral in accordance with the terms thereof. In the event of a conflict between the terms of this Indenture and the Collateral Documents, the Collateral Documents shall control. In addition, in the event of a
conflict between the terms of this Indenture and the Intercreditor Agreement, the Intercreditor Agreement shall control. 
  
 (b) Each Holder of a Note, by accepting such Note, (i) agrees to all of the terms and provisions of the Intercreditor Agreement and the Collateral
Documents (including, without limitation, the provisions providing for foreclosure and release of Collateral and the automatic amendment or waiver of the Collateral Documents pursuant to the terms of the Intercreditor Agreement) and
(ii) authorizes the Trustee and the Collateral Agent to enter into the Intercreditor Agreement and the Collateral Documents, to bind the Holders on the terms set forth in the Collateral Documents and the Intercreditor Agreement, to perform and
observe its obligations under the Intercreditor Agreement and the Collateral Documents and, unless violative of the provisions hereof and thereof, to execute any and all documents, amendments, waivers, consents, releases or other instruments
required (or authorized) to be executed by it pursuant to the terms thereof. 
  
 Section 12.03. Application of Proceeds of Collateral. 
  
 Upon any realization upon the Collateral, the proceeds thereof shall be applied, subject to the terms of the Intercreditor Agreement, in accordance with the Collateral Documents and Section 6.10(a). 

 
 Section 12.04. Possession, Use and Release of
Collateral. 
  
 (a) Subject to the terms of the Intercreditor
Agreement and the Collateral Documents, the Company and each Guarantor shall have the right to remain in possession and retain exclusive control of the Collateral (other than any cash, securities, obligations and cash equivalents constituting part
of the Collateral and deposited with the Collateral Agent, or any agent of the Collateral Agent, in accordance with the provisions of the Collateral Documents and 

  

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other than as set forth in the Collateral Documents and the Intercreditor Agreement) to freely operate the Collateral and to collect, invest and dispose of
any income therefrom. 
  
 (b) In the event of the consummation of
any sale, transfer or other disposition of any property or assets that are subject to any Note Liens, which sale, transfer or other disposition is in accordance with the terms of this Indenture, the Intercreditor Agreement and the Collateral
Documents, the Collateral Agent will, regardless of whether such release is automatic, at the Company’s expense, execute and deliver to the Company or the applicable Guarantor such documents as the Company or such Guarantor shall reasonably
request to evidence the release of such item of Collateral from the Note Liens; provided that the Company shall have delivered to the Collateral Agent, at least five Business Days prior to the date of the proposed release, a written request
for release describing the item of Collateral and the terms of the sale, lease, transfer or other disposition in reasonable detail, including, without limitation, the price thereof and any expenses in connection therewith, together with a form of
release for execution by the Collateral Agent and a certificate of the Company to the effect that the transaction is in compliance with the Indenture, the Intercreditor Agreement and the Collateral Documents, and as to such other matters as the
Trustee may request. Notwithstanding the foregoing, the requirements of this Section 12.04(b) shall not apply to releases of Collateral pursuant to Section 12.04(f). 
  
 (c) Notwithstanding anything to the contrary in Section 12.04(b), the Note Liens on inventory sold in the ordinary
course of business (but not on the proceeds thereof) shall be released automatically. 
  
 (d) In the event that any Guarantor is released in accordance with Section 10.04, the Note Liens on the Collateral of such Guarantor shall be released automatically. 
  
 (e) In the event that any of the Collateral is released with the consent of
the Holders in accordance with Section 9.02 hereof, the Note Liens on such Collateral shall be released. 
  
 (f) In the event that any of the Collateral is required to be released pursuant to the terms of the Intercreditor Agreement, the Note Liens on such
Collateral shall be released automatically upon satisfaction of the conditions set forth in, and in accordance with the terms of, the Intercreditor Agreement. 
  

(g) Upon Legal Defeasance in accordance with Article Eight or satisfaction and discharge of this Indenture in accordance with Article Eleven, the Note
Liens on all Collateral shall be released automatically. 
  
 (h)
Each Holder of a Note, by accepting such Note, acknowledges that, notwithstanding the provisions set forth in this Section 12.04, the Company and each Guarantor may, without any release or consent by the Trustee or the Collateral Agent, perform
a number of activities in the ordinary course in respect of the Collateral to the extent not restricted or prohibited by the Collateral Documents and this Indenture. The release of any Collateral from the Note Liens pursuant to the terms of this
Indenture, the Collateral Documents and the 

  

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Intercreditor Agreement shall not be deemed to impair the security under this Indenture in contravention of the provisions hereof if and to the extent that
the Collateral is released pursuant to the terms of this Section 12.04. 
  
 Section 12.05. Opinion of Counsel. 
  
 So long as the Collateral Documents have not been terminated in accordance with the terms thereof, the Company shall deliver to the Collateral Agent, so long as such delivery is required by Section 314(b) of the
TIA, on the Issue Date and thereafter, at least annually, within 90 days of January 1 of each year (commencing with January 1, 2006), an Opinion of Counsel either stating that in the opinion of such counsel, such action has been taken with
respect to the recording, filing, re-recording and refiling of this Indenture or any Collateral Document as is necessary to maintain the Note Liens, and reciting the details of such action, or stating that in the opinion of such counsel, no such
action is necessary to maintain such Note Liens. 
  
 Section 12.06. Further Assurances. 
  
 The
Company and each Guarantor shall (a) furnish to the Collateral Agent (for the benefit of the Trustee and the Holders) from time to time, at the Company’s or such Guarantor’s sole cost and expense, statements and schedules further
identifying and describing the Collateral and such other reports in connection with the Collateral as the Collateral Agent may request, all in such detail as the Collateral Agent may request; (b) subject to the Intercreditor Agreement, at any
time and from time to time, upon the written request of the Collateral Agent, and at the sole expense of the Company or such Guarantor, promptly execute, acknowledge, deliver, record, re-record, file, re-file, register and re-register, as
applicable, any and all such further acts, deeds, conveyances, security agreements, mortgages, assignments, estoppel certificates, financing statements and continuations thereof (including, without limitation, any financing or continuation
statements under the Uniform Commercial Code (or other similar laws) in effect in any jurisdiction with respect to the Note Liens), termination statements, notices of assignment, transfers, certificates, assurances and other instruments as may be
required from time to time in order to (i) subject to the Note Liens any of the property or assets constituting Collateral and (ii) perfect and maintain the validity, effectiveness, perfection and priority of any of the Note Liens;
(c) subject to the Intercreditor Agreement and without limitation of the foregoing subsection (b), with respect to any fee interest in real property acquired after the Issue Date by the Company or any Guarantor, to the extent the Company or
such Guarantor would be required (pursuant to the terms of the Credit Agreement as in effect on the Issue Date) to execute and deliver a Mortgage on such real property in favor of the lenders under the Credit Agreement, promptly (i) execute and
deliver a Mortgage in favor of the Collateral Agent, creating a security interest for the benefit of the Holders of the Notes, covering such real property, and (ii) deliver to the Collateral Agent title and extended coverage insurance covering
such real property in an amount at least equal to the purchase price of such real property, with local fixture filings being made in respect of fixtures associated with such real property as well as a current ALTA survey thereof, together with a
surveyor’s certificate; and (d) promptly deliver to the Collateral Agent such Opinions of Counsel, if any, as the Collateral Agent may reasonably require with respect to this Section 12.06 (including opinions as to validity,
enforceability and perfection of security interests). 
  

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 Section 12.07. Certain TIA Requirements. 
  
 (a) To the extent applicable, and in addition to any other requirements of
this Indenture, the Company will cause Section 314(d) of the TIA relating to the release of property or securities from the Lien hereof and of the Collateral Documents to be complied with. 
  
 (b) Notwithstanding anything to the contrary in this Section 12.07, the
Company will not be required to comply with all or any portion of § 314(d) of the TIA if the Board of Directors of the Company determines, in good faith based on advice of counsel, that, under the terms of § 314(d) of the TIA
and/or any interpretation or guidance as to the meaning thereof of the Commission or its staff, including publicly available “no action” letters or exemptive orders, all or any portion of § 314(d) of the TIA is inapplicable to
one or a series of released Collateral. 
  
 (c) The fair value of
Collateral released from the Liens of this Indenture and the Collateral Documents pursuant to Section 12.04 hereof shall not be considered in determining whether the aggregate fair value of Collateral released from the Liens of this Indenture
and the Collateral Documents in any calendar year exceeds the 10% threshold specified in Section 314(d)(1) of the TIA. It is expressly understood that subsection (b) of this Section 12.07 and this subsection (c) relate only to
the Company’s obligations under the TIA and shall not restrict or otherwise affect the Company’s and its Subsidiaries’ rights or abilities, or the rights or abilities of the administrative agent under the Credit Agreement, to release
Collateral pursuant to the terms of this Indenture, the Intercreditor Agreement and the Collateral Documents or as otherwise permitted by the Trustee and the Collateral Agent under this Indenture, the Intercreditor Agreement and the Collateral
Documents. 
  
 Section 12.08. Suits to Protect
the Collateral. 
  
 Subject to the provisions of the
Intercreditor Agreement and the Collateral Documents, the Collateral Agent shall have the authority to institute and to maintain such suits and proceedings as the Collateral Agent may deem expedient to prevent any impairment of the Collateral by any
acts which may be unlawful or in violation of any of the Collateral Documents or this Indenture, and such suits and proceedings as the Collateral Agent may deem expedient to preserve or protect its interests and the interests of the Holders of the
Notes in the Collateral (including suits or proceedings to restrain the enforcement of or compliance with any legislative or other governmental enactment, rule or order that may be unconstitutional or otherwise invalid if the enforcement of, or
compliance with, such enactment, rule or order would impair the Note Liens or be prejudicial to the interests of the Holders of the Notes). 
  
 Section 12.09. Purchaser Protected. 
  
 In no event shall any purchaser in good faith or other transferee of any property purported to be released hereunder be bound to ascertain the authority
of the Collateral Agent to execute the release or to inquire as to the satisfaction of any conditions required by the provisions hereof for the exercise of such authority or to see to the application of any consideration given by such purchaser or
other transferee; nor shall any purchaser or other transferee of any property or rights permitted to be sold by this Article Twelve, be under 

  

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obligation to ascertain or inquire into the authority of the Company or any Guarantor, as applicable, to make any such sale or other transfer. 
  
 Section 12.10. Powers Exercisable by Receiver or
Trustee. 
  
 In case the Collateral shall be in the
possession of a receiver or trustee, lawfully appointed, the powers conferred in this Article Twelve upon the Company or any Guarantor, as applicable, with respect to the release, sale or other disposition of such property may be exercised by
such receiver or trustee, and an instrument signed by such receiver or trustee shall be deemed the equivalent of any similar instrument of the Company or any Guarantor, as applicable, or of any officer or officers thereof required by the provisions
of this Article Twelve. 
  
 Section 12.11.
Release of Note Liens. 
  
 In the event that any Note
Liens shall be released pursuant to the terms of this Indenture, the Collateral Agent shall (a) promptly execute and deliver such releases, termination statements and other instruments (in recordable form, where appropriate) as the Company or
any Guarantor, as applicable, may reasonably request to evidence the termination of such Note Liens and (b) not be deemed to hold such Note Liens for its benefit and the benefit of the Holders of the Notes. 
  
 ARTICLE THIRTEEN 
 MISCELLANEOUS 
  
 Section 13.01. Trust Indenture Act Controls. 
  
 If any provision of this Indenture limits, qualifies or conflicts with the duties imposed by TIA Section 318(c), the
imposed duties shall control. 
  

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 Section 13.02. Notices. 
  
 (a) Any notice or communication by the Company, on the one hand, or the
Trustee on the other hand, to the other is duly given if in writing and delivered in Person or mailed by first class mail (registered or certified, return receipt requested), telecopier or overnight air courier guaranteeing next day delivery, to the
others’ address: 
  
 If to the Company: 
  
 MSC-Medical Services Company 
 11764-1 Marco Beach Drive 
 Jacksonville,
Florida 32224 
  
 Facsimile: (800) 848-1989 
 Attention: Chief Executive Officer 
  
 with a copy to: 
  
 Ropes & Gray LLP 
 One International
Place 
 Boston, Massachusetts 02110 
  
 Facsimile: (617) 951-7050 
 Attention:
Philip J. Smith, Esq. and Jane D. Goldstein, Esq. 
  
 If to the
Trustee: 
  
 U.S. Bank National Association 
 60 Livingston Avenue 
 St. Paul, MN 55107

  
 Facsimile: (651) 495-8097 
 Attention: Corporate Trust Administration 
  
 (b) The Company or the Trustee, by notice to the others may designate additional or different addresses for subsequent notices or communications.

  
 (c) All notices and communications (other than those sent to
Holders) shall be deemed to have been duly given: at the time delivered by hand, if personally delivered; three Business Days after being deposited in the mail, postage prepaid, if mailed; when receipt acknowledged, if telecopied; and the next
Business Day after timely delivery to the courier, if sent by overnight air courier guaranteeing next day delivery. 
  
 (d) Any notice or communication to a Holder shall be mailed by first class mail, certified or registered, return receipt requested, or by overnight air
courier guaranteeing next day delivery to its address shown on the register kept by the Registrar. Any notice or communication shall also be so mailed to any Person described in TIA Section 313(c), to the extent required by the TIA. 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. 
  
 (e) Where this Indenture provides for notice in any manner, such notice may be waived in writing by the Person entitled to receive such notice, either
before or after the event, and such waiver shall be the equivalent of such notice. Waivers of notice by Holders shall be filed with the Trustee, but such filing shall not be a condition precedent to the validity of any action taken in reliance on
such waiver. 
  

 101 








 (f) 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 by mail, then such notification as shall be made with the approval of the Trustee shall constitute a sufficient notification for every purpose hereunder. 
  
 (g) If a notice or communication is mailed in the manner provided above
within the time prescribed, it is duly given, whether or not the addressee receives it. 
  
 (h) If the Company mails a notice or communication to Holders, it shall mail a copy to the Trustee and each Agent at the same time. 
  
 Section 13.03. Communication by Holders of Notes with Other Holders of Notes. 
  
 Holders may communicate pursuant to TIA Section 312(b) with other
Holders with respect to their rights under this Indenture or the Notes. The Company, the Trustee, the Registrar and any other Person shall have the protection of TIA Section 312(c). 
  
 Section 13.04. Certificate and Opinion as to Conditions Precedent. 
  
 Upon any request or application by the Company to the Trustee to take any
action under this Indenture, the Company shall furnish to the Trustee: 
  
 (i) an Officers’ Certificate in form and substance reasonably satisfactory to the Trustee (which shall include the statements set forth in Section 13.05 hereof) stating that, in the opinion of the signers,
all conditions precedent and covenants, if any, provided for in this Indenture relating to the proposed action have been satisfied; and 
  
 (ii) an Opinion of Counsel in form and substance reasonably satisfactory to the Trustee (which shall include the statements set forth in
Section 13.05 hereof) stating that, in the opinion of such counsel (who may rely upon an Officers’ Certificate as to matters of fact), all such conditions precedent and covenants have been satisfied. 
  
 Section 13.05. Statements Required in Certificate or
Opinion. 
  
 Each certificate or opinion with respect to
compliance with a condition or covenant provided for in this Indenture (other than a certificate provided pursuant to TIA Section 314(a)(4)) shall comply with the provisions of TIA Section 314(e) and shall include: 
  
 (i) a statement that the Person making such certificate or
opinion has read such covenant or condition; 
  
 (ii) a brief statement as to the nature and scope of the examination or investigation upon which the statements or opinions contained in such certificate or opinion are based; 
  
 (iii) a statement that, in the opinion of such Person, he or she has made such examination or investigation
as is necessary to enable him to express an informed opinion as to whether or not such covenant or condition has been complied with; and 
  

 102 








 (iv) a statement as to whether or not, in the opinion of such Person, such condition or
covenant has been complied with. 
  
 Section
13.06. Rules by Trustee and Agents. 
  
 The Trustee may
make reasonable rules for action by or at a meeting of Holders. The Registrar or Paying Agent may make reasonable rules and set reasonable requirements for its functions. 
  
 Section 13.07. No Personal Liability of Directors, Officers, Employees and Stockholders. 

 
 No director, officer, employee, incorporator, stockholder, member,
manager or partner of the Company or any Guarantor, as such, shall have any liability for any obligations of the Company or any Guarantor under the Notes, this Indenture, the Note Guarantees or the Collateral Documents or for any claim based on, in
respect of, or by reason of, such obligations or their creation. Each Holder of Notes by accepting a Note waives and releases all such liability. This waiver and release are part of the consideration for issuance of the Notes. 
  
 Section 13.08. Governing Law. 
  
 THIS INDENTURE AND THE NOTES SHALL BE GOVERNED BY, AND CONSTRUED IN
ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK. 
  
 Section 13.09. Consent to Jurisdiction. 
  
 Any
legal suit, action or proceeding arising out of or based upon this Indenture or the transactions contemplated hereby (“Related Proceedings”) may be instituted in the federal courts of the United States of America located in the City
of New York or the courts of the State of New York in each case located in the City of New York (collectively, the “Specified Courts”), and each party irrevocably submits to the non-exclusive jurisdiction of such courts in any such
suit, action or proceeding. Service of any process, summons, notice or document by mail (to the extent allowed under any applicable statute or rule of court) to such party’s address set forth above shall be effective service of process for any
suit, action or other proceeding brought in any such court. The parties irrevocably and unconditionally waive any objection to the laying of venue of any suit, action or other proceeding in the Specified Courts and irrevocably and unconditionally
waive and agree not to plead or claim in any such court has been brought in an inconvenient forum. 
  
 Section 13.10. No Adverse Interpretation of Other Agreements. 
  
 This Indenture may not be used to interpret any other indenture, loan or debt agreement of the Company or any of its
Subsidiaries or of any other Person. Any such indenture, loan or debt agreement may not be used to interpret this Indenture. 
  
 Section 13.11. Successors. 
  
 All agreements of the Company in this Indenture and the Notes shall bind its successors. All agreements of the Trustee in this Indenture shall bind its
successors. 
  

 103 








 Section 13.12. Severability. 
  
 In case any provision in this Indenture or the Notes shall be invalid,
illegal or unenforceable, the validity, legality and enforceability of the remaining provisions shall not in any way be affected or impaired thereby. 
  
 Section 13.13. Counterpart Originals. 
  
 The parties may sign any number of copies of this Indenture. Each signed copy shall be an original, but all of them together represent the same agreement.

  
 Section 13.14. Acts of Holders.

  
 (a) Any request, demand, authorization, direction, notice,
consent, waiver or other action provided by this Indenture to be given or taken by the Holders may be embodied in and evidenced by one or more instruments of substantially similar tenor signed by such Holders in person or by agents duly appointed in
writing; and, except as herein otherwise expressly provided, such action shall become effective when such instrument or instruments are delivered to the Trustee and, where it is hereby expressly required, to the Company. Such instrument or
instruments (and the action embodied therein and evidenced thereby) are herein sometimes referred to as the “Act” of the Holders signing such instrument or instruments. Proof of execution of any such instrument or of a writing
appointing any such agent shall be sufficient for any purpose of this Indenture and conclusive in favor of the Trustee and the Company if made in the manner provided in this Section 13.14. 
  
 (b) The fact and date of the execution by any Person of any such instrument
or writing may be proved by the affidavit of a witness of such execution or by a certificate of a notary public or other officer authorized by law to take acknowledgments of deeds, certifying that the individual signing such instrument or writing
acknowledged to such witness, notary or officer the execution thereof. Where such execution is by a signer acting in a capacity other than his individual capacity, such certificate or affidavit shall also constitute sufficient proof of authority.
The fact and date of the execution of any such instrument or writing, or the authority of the Person executing the same, may also be proved in any other manner which the Trustee deems sufficient. 
  
 (c) Notwithstanding anything to the contrary contained in this
Section 13.14, the principal amount and serial numbers of Notes held by any Holder, and the date of holding the same, shall be proved by the register of the Notes maintained by the Registrar as provided in Section 2.04. 
  
 (d) If the Company shall solicit from the Holders of the Notes any request,
demand, authorization, direction, notice, consent, waiver or other Act, the Company may, at its option, by or pursuant to a resolution of its Board of Directors, fix in advance a record date for the determination of Holders entitled to give such
request, demand, authorization, direction, notice, consent, waiver or other Act, but the Company shall have no obligation to do so. Notwithstanding TIA Section 316(c), such record date shall be the record date specified in or pursuant to such
resolution, which shall be a date not earlier than the date 30 days prior to the first solicitation of Holders generally in connection therewith or the date of the most recent list of 

  

 104 








 
Holders forwarded to the Trustee prior to such solicitation pursuant to Section 2.06 and not later than the date such solicitation is completed. If such
a record date is fixed, such request, demand, authorization, direction, notice, consent, waiver or other Act may be given before or after such record date, but only the Holders of record at the close of business on such record date shall be deemed
to be Holders for the purposes of determining whether Holders of the requisite proportion of the then outstanding Notes have authorized or agreed or consented to such request, demand, authorization, direction, notice, consent, waiver or other Act,
and for that purpose the then outstanding Notes shall be computed as of such record date; provided that no such authorization, agreement or consent by the Holders on such record date shall be deemed effective unless it shall become effective
pursuant to the provisions of this Indenture not later than one year after the record date. 
  
 (e) Any request, demand, authorization, direction, notice, consent, waiver or other Act of the Holder of any Note shall bind every future Holder of the same Note and the Holder of every Note issued upon the
registration or transfer thereof or in exchange therefor or in lieu thereof in respect of anything done, omitted or suffered to be done by the Trustee or the Company in reliance thereon, whether or not notation of such action is made upon such Note.

  
 (f) Without limiting the foregoing, a Holder entitled
hereunder to take any action hereunder with regard to any particular Note may do so itself with regard to all or any part of the principal amount of such Note or by one or more duly appointed agents each of which may do so pursuant to such
appointment with regard to all or any part of such principal amount. 
  
 Section 13.15. Benefit of Indenture. 
  
 Nothing in this Indenture, the Notes, express or implied, shall give to any Person, other than the parties hereto, any Paying Agent, any Registrar and its successors hereunder, and the Holders, any benefit or any
legal or equitable right, remedy or claim under this Indenture. 
  
 Section 13.16. Table of Contents, Headings, Etc. 
  
 The Table of Contents, Cross-Reference Table 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 of this Indenture and
shall in no way modify or restrict any of the terms or provisions hereof. 
  
 [SIGNATURE PAGES FOLLOW] 
  

 105 








 IN WITNESS WHEREOF, the parties have executed this Indenture as of June 21, 2005. 
  

			
	 MSC-MEDICAL SERVICES COMPANY

		
	 By:
	 	 /S/ ROBERT J. BUNKER

	 	 	 Name:  Robert J. Bunker

	 	 	 Title:    President

	
	 MCP-MSC ACQUISITION, INC.

		
	 By:
	 	 /S/ ROBERT J. BUNKER

	 	 	 Name:  Robert J. Bunker

	 	 	 Title:    Chief Executive Officer











			
	U.S. BANK NATIONAL ASSOCIATION, as Trustee
		
	 By:
	 	 /S/ RICHARD PROKOSCH

	 	 	 Name:  Richard Prokosch

	 	 	 Title:    Vice President










 EXHIBIT A 
  

[Face of Note] 
  
 THIS GLOBAL NOTE IS HELD BY THE DEPOSITARY (AS DEFINED IN THE INDENTURE GOVERNING THIS NOTE) OR ITS NOMINEE IN CUSTODY FOR THE BENEFIT OF THE BENEFICIAL OWNERS HEREOF,
AND IS NOT TRANSFERABLE TO ANY PERSON UNDER ANY CIRCUMSTANCES EXCEPT THAT (I) THE TRUSTEE MAY MAKE SUCH NOTATIONS HEREON AS MAY BE REQUIRED PURSUANT TO SECTION 2.07 OF THE INDENTURE, (II) THIS GLOBAL NOTE MAY BE EXCHANGED IN WHOLE BUT NOT IN
PART PURSUANT TO SECTION 2.07(a) OF THE INDENTURE, (III) THIS GLOBAL NOTE MAY BE DELIVERED TO THE TRUSTEE FOR CANCELLATION PURSUANT TO SECTION 2.12 OF THE INDENTURE AND (IV) THIS GLOBAL NOTE MAY BE TRANSFERRED TO A SUCCESSOR DEPOSITARY WITH THE
PRIOR WRITTEN CONSENT OF THE COMPANY. 
  
 THIS NOTE (OR ITS PREDECESSORS)
EVIDENCED HEREBY WAS ORIGINALLY ISSUED IN A TRANSACTION EXEMPT FROM REGISTRATION UNDER THE UNITED STATES SECURITIES ACT OF 1933 (THE “SECURITIES ACT”), AND THIS NOTE MAY NOT BE OFFERED, SOLD OR OTHERWISE TRANSFERRED IN THE ABSENCE OF SUCH
REGISTRATION OR AN APPLICABLE EXEMPTION THEREFROM. EACH PURCHASER OF THIS NOTE IS HEREBY NOTIFIED THAT THE SELLER OF THIS NOTE MAY BE RELYING ON THE EXEMPTION FROM THE PROVISIONS OF SECTION 5 OF THE SECURITIES ACT PROVIDED BY RULE 144A THEREUNDER.
THE HOLDER OF THIS NOTE AGREES FOR THE BENEFIT OF THE COMPANY THAT (A) THIS NOTE MAY BE OFFERED, RESOLD, PLEDGED OR OTHERWISE TRANSFERRED, ONLY (I) TO THE COMPANY OR ANY SUBSIDIARY THEREOF, (II) IN THE UNITED STATES TO A PERSON WHOM THE
SELLER REASONABLY BELIEVES IS A QUALIFIED INSTITUTIONAL BUYER (AS DEFINED IN RULE 144A UNDER THE SECURITIES ACT) IN A TRANSACTION MEETING THE REQUIREMENTS OF RULE 144A, (III) OUTSIDE THE UNITED STATES IN AN OFFSHORE TRANSACTION IN ACCORDANCE WITH
RULE 904 UNDER THE SECURITIES ACT, (IV) PURSUANT TO AN EXEMPTION FROM REGISTRATION UNDER THE SECURITIES ACT PROVIDED BY RULE 144 THEREUNDER (IF AVAILABLE) OR (V) PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT, IN EACH
OF CASES (I) THROUGH (V) IN ACCORDANCE WITH ANY APPLICABLE SECURITIES LAWS OF ANY STATE OF THE UNITED STATES, AND (B) THE HOLDER WILL, AND EACH SUBSEQUENT HOLDER IS REQUIRED TO, NOTIFY ANY PURCHASER OF THIS NOTE FROM IT OF THE RESALE
RESTRICTIONS REFERRED TO IN (A) ABOVE. 
  

 A-1 








 CUSIP
                 
 ISIN                     
 $                 
 MCP-MEDICAL SERVICES
COMPANY 
  
 SENIOR SECURED FLOATING RATE NOTES DUE 2011 

 
 Issue Date:
                , 2005 
  
 MSC-Medical Services Company, a Florida corporation (the “Company,” which term includes any successor under the Indenture hereinafter
referred to), for value received, promises to pay to CEDE & CO., or its registered assigns, the principal amount of $             on
        , 20        . 
  
 Reference is hereby made to the further provisions of this Note set forth on the reverse hereof, which further provisions shall for all purposes have the
same effect as if set forth at this place. 
  
 [SIGNATURE PAGE
FOLLOWS] 
  

 A-2 








 IN WITNESS WHEREOF, the Company has caused this Note to be signed manually or by facsimile by its duly
authorized officer. 
  

			
	 MSC-MEDICAL SERVICES COMPANY

		
	 By:
	 	 
	 	 	 Name:

	 	 	 Title:



  

 A-3 








 (Trustee’s Certificate of Authentication) 
  
 This is one of the Senior Secured Floating Rate Notes due 2011 described in the
within-mentioned Indenture. 
  
 Dated:
        , 20     
  

			
	 U.S. Bank National Association, as Trustee

		
	 By:
	 	 
	 	 	 Authorized Signatory


  

 A-4 








 [Reverse Side of Note] 
  
 MSC-MEDICAL SERVICES COMPANY 
  
 Senior Secured Floating Rate Notes due 2011 
  
 Capitalized terms used herein shall have the meanings assigned to them in the Indenture referred to below unless otherwise indicated. 
  
 1. Interest. Interest on the Notes will accrue at the rate per annum,
reset quarterly, equal to LIBOR plus 7.50%, as determined by the calculation agent (the “Calculation Agent”), which shall initially be the Trustee, and will be payable quarterly in cash on each
October 15, January 15, April 15 and July 15, commencing October 15, 2005, to the Holders of record on the immediately preceding October 1, January 1, April 1 and July 1. Interest on
the Notes will accrue from the most recent date to which interest has been paid or, if no interest has been paid, from the Issue Date. 
  
 “Determination Date,” with respect to an Interest Period, means the second London Banking Day preceding the first day of such Interest
Period. 
  
 “Interest Period” means the period
commencing on and including an interest payment date and ending on and including the day immediately preceding the next succeeding interest payment date, with the exception that the first Interest Period shall commence on and include the Issue Date
and end on and include October 14, 2005. 
  
 “LIBOR,” with respect to an Interest Period, means the rate (expressed as a percentage per annum) for deposits in United States dollars for a three-month period beginning on the second London Banking Day after the
Determination Date that appears on Telerate Page 3750 as of 11:00 a.m., London time, on the Determination Date. If Telerate Page 3750 does not include such a rate or is unavailable on a Determination Date, the Calculation Agent will request the
principal London office of each of four major banks in the London interbank market, as selected by the Calculation Agent, to provide such bank’s offered quotation (expressed as a percentage per annum), as of approximately 11:00 a.m., London
time, on such Determination Date, to prime banks in the London interbank market for deposits in a Representative Amount in United States dollars for a three-month period beginning on the second London Banking Day after the Determination Date. If at
least two such offered quotations are so provided, LIBOR for the Interest Period will be the arithmetic mean of such quotations. If fewer than two such quotations are so provided, the Calculation Agent will request each of three major banks in New
York City, as selected by the Calculation Agent, to provide such bank’s rate (expressed as a percentage per annum), as of approximately 11:00 a.m., New York City time, on such Determination Date, for loans in a Representative Amount in United
States dollars to leading European banks for a three-month period beginning on the second London Banking Day after the Determination Date. If at least two such rates are so provided, LIBOR for the Interest Period will be the arithmetic mean of such
rates. If fewer than two such rates are so provided, then LIBOR for the Interest Period will be LIBOR in effect with respect to the immediately preceding Interest Period. 
  

 A-5 








 “London Banking Day” is any day in which dealings in United States dollars are
transacted or, with respect to any future date, are expected to be transacted in the London interbank market. 
  
 “Representative Amount” means a principal amount of not less than U.S. $1,000,000 for a single transaction in the relevant market at the
relevant time. 
  
 “Telerate Page 3750” means the
display designated as “Page 3750” on the Moneyline Telerate service (or such other page as may replace Page 3750 on that service). 
  
 The amount of interest for each day that the Notes are outstanding (the “Daily Interest Amount”) will be calculated by dividing the
interest rate in effect for such day by 365 (or, if applicable, 366) and multiplying the result by the principal amount of the Notes. The amount of interest to be paid on the Notes for each Interest Period will be calculated by adding the Daily
Interest Amounts for each day in the Interest Period. 
  
 All
percentages resulting from any of the above calculations will be rounded, if necessary, to the nearest one hundred-thousandth of a percentage point, with five one-millionths of a percentage point being rounded upwards (e.g., 8.876545% (or .08876545)
being rounded to 8.87655% (or .0887655)) and all dollar amounts used in or resulting from such calculations will be rounded to the nearest cent (with one-half cent being rounded upwards). 
  
 The interest rate on the Notes will in no event be higher than the maximum rate permitted by New York law as the same may be
modified by United States laws of general application. 
  
 The
Calculation Agent will, upon the request of the holder of any Note, provide the interest rate then in effect with respect to the Notes. All calculations made by the Calculation Agent in the absence of manifest error will be conclusive for all
purposes and binding on the Company, the Guarantors and the Holders of the Notes. 
  
 The Company shall pay interest (including post-petition interest in any proceeding under any Bankruptcy Law) on overdue principal and premium, if any, from time to time on demand at a rate that is 1% per annum in
excess of the rate then in effect; it shall pay interest (including post-petition interest in any proceeding under any Bankruptcy Law) on overdue installments of interest (without regard to any applicable grace periods) from time to time on demand
at the same rate to the extent lawful. 
  
 2. Method of
Payment. The Company shall pay interest on the Notes (except defaulted interest) to the Persons who are registered Holders of Notes at the close of business on the October 1, January 1, April 1 or July 1 next
preceding the Interest Payment Date, even if such Notes are canceled after such record date and on or before such Interest Payment Date, except as provided in Section 2.13 of the Indenture with respect to defaulted interest. The Notes shall be
payable as to principal, premium, if any, interest and Additional Interest, if any, at the office or agency of the Company maintained for such purpose in The City of New York, or, at the option of the Company, payment of interest, may be made by
check mailed to the Holders at their addresses set forth in the register of Holders, and provided that payment by wire transfer of immediately available funds shall be required with respect to the principal of, and premium, if 

  

 A-6 








 
any, interest and Additional Interest, if any, on, all Global Notes and all other Notes the Holders of which shall have provided wire transfer instructions
to the Company or the Paying Agent. Such payment shall be in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts. 
  
 3. Paying Agent, Registrar and Calculation Agent. Initially, the
Trustee under the Indenture shall act as Paying Agent, Registrar and Calculation Agent. The Company may change any Paying Agent, Registrar or Calculation Agent without prior notice to any Holder. The Company or any of its Subsidiaries may act in any
such capacity. 
  
 4. Indenture. The Company issued the
Notes under an Indenture, dated as of June 21, 2005 (the “Indenture”), among the Company, Holdings and the Trustee. The terms of the Notes include those stated in the Indenture and those made part of the Indenture by reference
to the Trust Indenture Act of 1939, as amended. The Notes are subject to all such terms, and Holders are referred to the Indenture and such Act for a statement of such terms. To the extent any provision of this Note conflicts with the express
provisions of the Indenture, the provisions of the Indenture shall govern and be controlling. The Indenture pursuant to which this Note is issued provides that an unlimited principal amount of Additional Notes may be issued thereunder. 

 
 5. Optional Redemption. (a) At any time prior to
October 15, 2007, the Company may redeem up to 35% of the aggregate principal amount of Notes issued under the Indenture (including any Additional Notes) at a redemption price of 100% of the principal amount thereof plus a premium equal to the
interest rate per annum on the Notes applicable on the date on which notice of redemption is given, together with accrued and unpaid interest and Additional Interest, if any, thereon to the redemption date, with the net cash proceeds of one or more
Equity Offerings; provided that: 
  

	 	(i)	at least 65% of the aggregate principal amount of Notes issued under the Indenture (including any Additional Notes) remains outstanding immediately after the occurrence of such
redemption (excluding Notes held by the Company or its Affiliates); and 

  

	 	(ii)	the redemption must occur within 45 days of the date of the closing of such Equity Offering. 

  
 (b) Except pursuant to paragraph (a), the Company shall not have the option to redeem the Notes prior to
October 15, 2007. On or after October 15, 2007, the Company may redeem all or a part of the Notes upon not less than 30 nor more than 60 days’ notice, at the redemption prices (expressed as percentages of principal amount) set
forth below plus accrued and unpaid interest and Additional Interest, if any, thereon, to the applicable redemption date, if redeemed during the twelve-month period beginning on October 15 of the years indicated below: 
  

				
	 Year

	  	Percentage

	 
	 2007
	  	103.000	%
	 2008
	  	101.500	%
	 2009 and thereafter
	  	100.000	%

  

 A-7 








 6. Selection and Notice of Redemption. If less than all of the Notes are to be redeemed at any
time, the Trustee shall select Notes for redemption as follows: (i) if the Notes are listed, in compliance with the requirements of the principal national securities exchange on which the Notes are listed, or (ii) if the Notes are not so
listed, on a pro rata basis, by lot or by any method as the Trustee deems fair and appropriate. No Notes of $1,000 principal amount or less shall be redeemed in part. Notices of redemption shall be mailed by first class mail at least 30 but not more
than 60 days before the redemption date to each Holder of Notes to be redeemed at its registered address. Notices of redemption may not be conditional. If any Note is to be redeemed in part only, the notice of redemption that relates to that Note
shall state the portion of the principal amount thereof to be redeemed. A new Note in principal amount equal to the unredeemed portion of the original Note shall be issued in the name of the Holder thereof upon cancellation of the original Note.
Notes called for redemption become due on the date fixed for redemption. On and after the redemption date, unless the Company defaults in the payment of the redemption price, Notes or portions thereof called for redemption shall cease to accrue
interest. 
  
 7. Repurchase at Option of Holder.
(a) Upon the occurrence of a Change of Control, each Holder of Notes shall have the right to require the Company to repurchase all or any part (equal to $1,000 principal amount or an integral multiple thereof) of that Holder’s Notes
pursuant to the offer described below (the “Change of Control Offer”) at an offer price in cash equal to 101% of the aggregate principal amount of the Notes repurchased plus accrued and unpaid interest and Additional Interest, if
any, thereon, to the date of repurchase (the “Change of Control Payment Date”), which date shall not be earlier than the date of such Change of Control. Within 30 days following any Change of Control, the Company shall mail a notice
to each Holder describing the transaction or transactions that constitute the Change of Control and offering to repurchase Notes on the Change of Control Payment Date specified in such notice, which date shall be no earlier than 30 days and no later
than 60 days from the date such notice is mailed, pursuant to the procedures required by the Indenture and described in such notice. 
  
 (b) If the Company or a Restricted Subsidiary consummates any Asset Sale, within 360 days of each date on which the aggregate amount of Excess Proceeds
exceeds $10.0 million, the Company shall make an offer to purchase (“Asset Sale Offer”), pursuant to Section 4.10 of the Indenture, to all Holders of Notes and all holders of pari passu debt (the “Pari Passu
Debt”) containing provisions similar to those set forth in the Indenture with respect to offers to purchase with the proceeds of sales of assets to purchase the maximum principal amount of Notes and Pari Passu Debt that may be purchased out
of the Excess Proceeds. The offer price in any Asset Sale Offer shall be equal to 100% of the aggregate principal amount of the Notes and Pari Passu Debt, plus accrued and unpaid interest and Additional Interest, if any, to the date of purchase, and
shall be payable in cash. If any Excess Proceeds remain after consummation of an Asset Sale Offer, the Company may use such Excess Proceeds for any purpose not otherwise prohibited by the Indenture. If the aggregate principal amount of Notes and
Pari Passu Debt tendered into such Asset Sale Offer exceeds the amount of Excess Proceeds, the Notes and Pari 

  

 A-8 








 
Passu Debt shall be purchased on a pro rata basis based on the aggregate principal amount of Notes and Pari Passu Debt tendered. Upon completion of each
Asset Sale Offer, the Excess Proceeds subject to such Asset Sale shall no longer be deemed to be Excess Proceeds. 
  
 8. Denominations, Transfer, Exchange. The Notes are in registered form without coupons in denominations of $1,000 principal amount and integral
multiples thereof. The transfer of Notes may be registered and Notes may be exchanged as provided in the Indenture. The Registrar and the Trustee may require a Holder, among other things, to furnish appropriate endorsements and transfer documents
and the Company may require a Holder to pay any taxes and fees required by law or permitted by the Indenture. The Company is not required to transfer or exchange any Note selected for redemption. Also, the Company is not required to transfer or
exchange any Note for a period of 15 days before a selection of Notes to be redeemed. 
  
 9. Persons Deemed Owners. The registered Holder of a Note shall be treated as the owner of it for all purposes. 
  
 10. Amendment, Supplement and Waiver. Subject to certain exceptions, the Indenture, the Notes, the Collateral Documents or the Intercreditor
Agreement may be amended or supplemented with the consent of the Holders of at least a majority in principal amount of the Notes then outstanding (including, without limitation, consents obtained in connection with a purchase of, or tender offer or
exchange offer for, Notes), and any existing default or compliance with any provision of the Indenture, the Notes or the Collateral Documents may be waived with the consent of the Holders of a majority in principal amount of the then outstanding
Notes (including, without limitation, consents obtained in connection with a purchase of, or tender offer or exchange offer for, Notes). Without the consent of any Holder of Notes, the Company, the Guarantors and the Trustee may amend or supplement
the Indenture, the Notes, the Collateral Documents or the Intercreditor Agreement to, among other things, cure any ambiguity, defect or inconsistency, or make any change that does not materially adversely affect the legal rights under the Indenture
of any such Holder. 
  
 11. Defaults and Remedies. In the
case of an Event of Default under Sections 6.01(i) and (j), all unpaid principal of, and premium, if any, and accrued and unpaid interest and Additional Interest, if any, on, all outstanding Notes shall become due and payable immediately without
further action or notice. If any other Event of Default occurs and is continuing, the Trustee or the Holders of at least 25% in principal amount of the then outstanding Notes may declare all the Notes to be due and payable immediately by notice in
writing to the Company specifying the Event of Default and then all unpaid principal of, and premium, if any, interest and Additional Interest, if any, on, all outstanding Notes shall become due and payable immediately. 
  
 Holders of the Notes may not enforce the Indenture, the Notes, the Collateral
Documents or the Intercreditor Agreement except as provided in the Indenture and the Collateral Documents. Subject to certain limitations, Holders of a majority in principal amount of the then outstanding Notes may direct the Trustee in its exercise
of any trust or power. The Trustee may withhold from Holders of the Notes notice of any Default or Event of Default (except a Default or Event of Default relating to the payment of principal, premium, if any, interest or Additional Interest, if any)
if it determines that withholding notice is in their interest. 
  

 A-9 








 In the case of any Event of Default occurring by reason of any willful action or inaction taken or not
taken by or on behalf of the Company with the intention of avoiding payment of the premium that the Company would have had to pay if the Company then had elected to redeem the Notes pursuant to Section 3.07 of the Indenture, an equivalent
premium shall also become and be immediately due and payable to the extent permitted by law upon the acceleration of the Notes. If an Event of Default occurs prior to the first date on which the Company may redeem the Notes pursuant to
Section 3.07, by reason of any willful action (or inaction) taken (or not taken) by or on behalf of the Company with the intention of avoiding the prohibition on redemption of the Notes prior to such date, then the premium specified in the
Indenture shall also become immediately due and payable to the extent permitted by law upon the acceleration of the Notes. 
  
 12. Trustee Dealings with Company. The Trustee in its individual or any other capacity may become the owner or pledgee of Notes and may become a
creditor of, or otherwise deal with the Company or any of its Affiliates, with the same rights it would have if it were not Trustee. 
  
 13. No Recourse Against Others. No director, officer, employee, incorporator, stockholder, member, manager or partner of the Company or any
Guarantor, as such, shall have any liability for any obligations of the Company or any Guarantor under the Notes, the Indenture, the Note Guarantees or the Collateral Documents or for any claim based on, in respect of, or by reason of, such
obligations or their creation. Each Holder of Notes by accepting a Note waives and releases all such liability. This waiver and release are part of the consideration for issuance of the Notes. 
  
 14. Authentication. This Note shall not be valid until authenticated
by the manual signature of the Trustee or an authenticating agent. 
  
 15. CUSIP Numbers. Pursuant to a recommendation promulgated by the Committee on Uniform Security Identification Procedures, the Company has caused CUSIP numbers to be printed on the Notes and the Trustee may use CUSIP numbers in
notices of redemption as a convenience to Holders. No representation is made as to the accuracy of such numbers either as printed on the Notes or as contained in any notice of redemption and reliance may be placed only on the other identification
numbers placed thereon. 
  
 16. Guarantee. The
Company’s obligations under the Notes are fully and unconditionally guaranteed, jointly and severally, by the Guarantors. 
  
 17. Security Interest. The Company’s obligations under the Notes and the Indenture and each Guarantor’s obligation under its respective
Note Guarantee are secured by a second priority Lien on the Collateral. 
  

 A-10 








 18. Copies of Documents. The Company shall furnish to any Holder upon written request and without
charge a copy of the Indenture, the Second Lien Security Agreement and the Intercreditor Agreement. Requests may be made to: 
  
 MSC-Medical Services Company 
 11764-1 Marco
Beach Drive 
 Jacksonville, Florida 32224 
  
 Attention: Chief Executive Officer 
  

 A-11 








  
 ASSIGNMENT
FORM 
  
 To assign this Note, fill in the form
below: 
  

							
	(I) or (we) assign and transfer this Note to:	  	 	  	 
	 	 	(INSERT ASSIGNEE’S LEGAL NAME)
				
	 	 	 	  	 	  	 
	(Insert assignee’s soc. sec. or tax I.D. no.)
				
	 	 	 	  	 	  	 
				
	 	 	 	  	 	  	 
				
	 	 	 	  	 	  	 
				
	 	 	 	  	 	  	 
	(Print or type assignee’s name, address and zip code)
				
	and irrevocably appoint 	 	 	  	 	  	 
	 to transfer this Note on the books of the Company. The agent may substitute another to act for him.


  
 Date: ________________ 
  

			
		
	Your Signature: 	 	 
	 	 	(Sign exactly as your name appears on the face of this Note)


  

			
		
	Signature Guarantee*: 	 	 
	 	 	 

  

	*	Participant in a recognized Signature Guarantee Medallion Program (or other signature guarantor acceptable to the Trustee). 

  

 A-12 








  
 OPTION OF HOLDER TO ELECT
PURCHASE 
  
 If you want to elect to have this Note purchased by
the Company pursuant to Section 4.10 or 4.14 of the Indenture, check the appropriate box below: 
  
  ̈ Section 4.10
              ̈ Section 4.14 
  
 If you want to elect to have only part of the Note purchased by the Company
pursuant to Section 4.10 or Section 4.14 of the Indenture, state the amount you elect to have purchased: 
  
 $_________________ 
  
 Date:
________________ 
  

			
	 
		
	Your Signature: 	 	 
	 	 	(Sign exactly as your name appears on the face of this Note)


  

											
	 	 	 	  	 Tax Identification No.:
	  	 	  	 	  	 

  

			
		
	Signature Guarantee*: 	 	 

  

	*	Participant in a recognized Signature Guarantee Medallion Program (or other signature guarantor acceptable to the Trustee). 

  

 A-13 








  
 SCHEDULE OF EXCHANGES OF
INTERESTS IN THE GLOBAL NOTE 
  
 The following exchanges of a part
of this Global Note for an interest in another Global Note or for a Definitive Note, or exchanges of a part of another Global Note or Definitive Note for an interest 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


	 	  	 	  	 	  	 	  	 

  

 A-14 








  
 SCHEDULE OF EXCHANGES OF
REGULATION S GLOBAL NOTE 
  
 The following exchanges of a part of
this Regulation S Global Note for an interest in another Global Note or of other Restricted Global Notes for an interest in this Regulation S 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


	 	  	 	  	 	  	 	  	 

  

 A-15 








 EXHIBIT B 
  

FORM OF CERTIFICATE OF TRANSFER 
  
 MSC-Medical Services Company 
 11764-1 Marco
Beach Drive 
 Jacksonville, FL 32224 
  
 Attention: Chief Executive Officer 
  
 U.S. Bank National Association 
 60 Livingston Avenue 
 St. Paul, MN 55107 
  
 Attention: Corporate Trust Administration 
  
 Re: Senior
Secured Floating Rate Notes due 2011 
  
 Reference is hereby made
to the Indenture, dated as of June 21, 2005 (the “Indenture”), among MSC-Medical Services Company, a Florida corporation (the “Company”), MCP-MSC Acquisition, Inc., a Delaware corporation (the
“Guarantor”), and U.S. Bank National Association, a national banking association, as trustee. Capitalized terms used but not defined herein shall have the meanings given to them in the Indenture. 
  
 ___________________ (the “Transferor”) owns and proposes to
transfer the Note[s] or interest in such Note[s] specified in Annex A hereto, in the principal amount of $___________ in such Note[s] or interests (the “Transfer”), to _____________________ (the “Transferee”), as
further specified in Annex A hereto. In connection with the Transfer, the Transferor hereby certifies that: 
  
 [CHECK ALL THAT APPLY] 
  
  ̈ 1. Check if Transferee will take delivery of a beneficial interest in the 144A Global Note or a Definitive
Note Pursuant to Rule 144A. The Transfer is being effected pursuant to and in accordance with Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), and, accordingly, the Transferor hereby further
certifies that the beneficial interest or Definitive Note is being transferred to a Person that the Transferor reasonably believed and believes is purchasing the beneficial interest or Definitive Note for its own account, or for one or more accounts
with respect to which such Person exercises sole investment discretion, and such Person and each such account is a “qualified institutional buyer” within the meaning of Rule 144A in a transaction meeting the requirements of Rule 144A and
such Transfer is in compliance with any applicable blue sky securities laws of any state of the United States. Upon consummation of the proposed Transfer in accordance with the terms of the Indenture, the transferred beneficial interest or
Definitive Note will be subject to the restrictions on transfer enumerated in the Private Placement Legend printed on the 144A Global Note and/or the Definitive Note and in the Indenture and the Securities Act. 
  

 B-1 








  ̈ 2. Check if Transferee will take delivery of a beneficial interest in a Legended Regulation S Global Note, or a Definitive Note pursuant to Regulation S. The Transfer is being effected pursuant to and in accordance with Rule 903 or
Rule 904 under the Securities Act and, accordingly, the Transferor hereby further certifies that (i) the Transfer is not being made to a person in the United States and (x) at the time the buy order was originated, the Transferee was
outside the United States or such Transferor and any Person acting on its behalf reasonably believed and believes that the Transferee was outside the United States or (y) the transaction was executed in, on or through the facilities of a
designated offshore securities market and neither such Transferor nor any Person acting on its behalf knows that the transaction was prearranged with a buyer in the United States, (ii) no directed selling efforts have been made in contravention
of the requirements of Rule 903(b) or Rule 904(b) of Regulation S under the Securities Act, (iii) the transaction is not part of a plan or scheme to evade the registration requirements of the Securities Act and (iv) the transfer is not
being made to a U.S. Person or for the account or benefit of a U.S. Person (other than an Initial Purchaser). Upon consummation of the proposed transfer in accordance with the terms of the Indenture, the transferred beneficial interest or Definitive
Note will be subject to the restrictions on transfer enumerated in the Private Placement Legend printed on the Legended Regulation S Global Note and/or the Definitive Note and in the Indenture and the Securities Act. 
  
  ̈ 3. Check and complete if Transferee will take delivery of a beneficial interest in a Restricted Global Note or a Restricted Definitive Note pursuant to any provision of the Securities Act other than Rule 144A or
Regulation S. The Transfer is being effected in compliance with the transfer restrictions applicable to beneficial interests in Restricted Global Notes and Restricted Definitive Notes and pursuant to and in accordance with the Securities Act and
any applicable blue sky securities laws of any state of the United States, and accordingly the Transferor hereby further certifies that (check one): 
  
  ̈ (a) such Transfer is being effected pursuant to
and in accordance with Rule 144 under the Securities Act; 
  
  ̈ (b) such Transfer is being effected to the Company or a subsidiary thereof; or 
  
  ̈ (c) such Transfer is being effected pursuant to an effective registration statement under the Securities Act and in compliance with the prospectus delivery requirements of the Securities Act. 
  
  ̈ 4. Check if Transferee will take delivery of a beneficial interest in an Unrestricted Global Note or of an Unrestricted Definitive Note. 
  
  ̈ (a) Check if
Transfer is Pursuant to Rule 144. (i) The Transfer is being effected pursuant to and in accordance with Rule 144 under the Securities Act and in compliance with the transfer restrictions contained in the Indenture and any applicable blue
sky securities laws of any state of the United States and (ii) the restrictions on transfer contained in the Indenture and the Private Placement Legend are not required in order to maintain compliance with the Securities Act. Upon consummation
of the proposed Transfer in accordance with the terms of the Indenture, the transferred beneficial interest or Definitive Note will no longer be 

  

 B-2 








 
subject to the restrictions on transfer enumerated in the Private Placement Legend printed on the Restricted Global Notes, on Restricted Definitive Notes and
in the Indenture. 
  
  ̈ (b) Check if Transfer is Pursuant to Regulation S. (i) The Transfer is being effected pursuant to and in accordance with Rule 903 or Rule 904 under the Securities Act
and in compliance with the transfer restrictions contained in the Indenture and any applicable blue sky securities laws of any state of the United States and (ii) the restrictions on transfer contained in the Indenture and the Private Placement
Legend are not required in order to maintain compliance with the Securities Act. Upon consummation of the proposed Transfer in accordance with the terms of the Indenture, the transferred beneficial interest or Definitive Note will no longer be
subject to the restrictions on transfer enumerated in the Private Placement Legend printed on the Restricted Global Notes, on Restricted Definitive Notes and in the Indenture. 
  
  ̈ (c) Check if
Transfer is Pursuant to Other Exemption. (i) The Transfer is being effected pursuant to and in compliance with an exemption from the registration requirements of the Securities Act other than Rule 144, Rule 903 or Rule 904 and in compliance
with the transfer restrictions contained in the Indenture and any applicable blue sky securities laws of any State of the United States and (ii) the restrictions on transfer contained in the Indenture and the Private Placement Legend are not
required in order to maintain compliance with the Securities Act. Upon consummation of the proposed Transfer in accordance with the terms of the Indenture, the transferred beneficial interest or Definitive Note will not be subject to the
restrictions on transfer enumerated in the Private Placement Legend printed on the Restricted Global Notes or Restricted Definitive Notes and in the Indenture. 
  

 B-3 








 This certificate and the statements contained herein are made for your benefit and the benefit of the
Company. 
  

			
	Dated: ___________________
	
	 
	[Insert Name of Transferor]


  

			
		
	By:	 	 
	 	 	 Name:

	 	 	 Title:



  

 B-4 








 ANNEX A TO CERTIFICATE OF TRANSFER 
  

	1.	The Transferor owns and proposes to transfer the following: 

  
 [CHECK ONE OF (a) OR (b)] 
  

	 	 ̈	(a)      a beneficial interest in the: 

  

	 	(i)	144A Global Note (CUSIP __________); or 

  

	 	(ii)	Regulation S Global Note (CUSIP __________); or 

  

	 	 ̈	(b)      a Restricted Definitive Note. 

  

	2.	After the Transfer the Transferee will hold: 

  
 [CHECK ONE] 
  

	 	 ̈	(a)      a beneficial interest in the: 

  

	 	(i)	144A Global Note (CUSIP __________); or 

  

	 	(ii)	Regulation S Global Note (CUSIP __________); or 

  

	 	(iii)	Unrestricted Global Note (CUSIP __________); or 

  

	 	 ̈	(b)      a Restricted Definitive Note; or 

  

	 	 ̈	(c)      an Unrestricted Definitive Note, 

  
 in accordance with the terms of the Indenture. 
  

 B-5 








 EXHIBIT C 
  

FORM OF CERTIFICATE OF EXCHANGE 
  
 MSC-Medical Services Company 
 11764-1 Marco Beach Drive 
 Jacksonville, FL 32224 
  
 Attention: Chief Financial Officer 
  
 U.S. Bank National Association 
 60 Livingston Avenue 
 St. Paul, MN 55107 
  
 Attention: Corporate Trust Administration 
  
 Re: Senior Secured Floating Rate Notes due 2011 
  
 Reference is hereby made to the Indenture, dated as of June 21, 2005 (the “Indenture”), among MSC-Medical Services Company, a
Florida corporation (the “Company”), MCP-MSC Acquisition, Inc., a Delaware corporation (the “Guarantor”), and U.S. Bank National Association, a national banking association, as trustee. Capitalized terms used but
not defined herein shall have the meanings given to them in the Indenture. 
  
 __________________________ (the “Owner”) owns and proposes to exchange the Note[s] or interest in such Note[s] specified herein, in the principal amount of $____________ in such Note[s] or interests
(the “Exchange”). In connection with the Exchange, the Owner hereby certifies that: 
  
 1. Exchange of Restricted Definitive Notes or Beneficial Interests in a Restricted Global Note for Unrestricted Definitive Notes or Beneficial
Interests in an Unrestricted Global Note 
  
  ̈ (a) Check if Exchange is from beneficial interest in a Restricted Global Note to beneficial interest in an Unrestricted Global Note. In connection
with the Exchange of the Owner’s beneficial interest in a Restricted Global Note for a beneficial interest in an Unrestricted Global Note in an equal principal amount, the Owner hereby certifies (i) the beneficial interest is being
acquired for the Owner’s own account without transfer, (ii) such Exchange has been effected in compliance with the transfer restrictions applicable to the Global Notes and pursuant to and in accordance with the United States Securities Act
of 1933, as amended (the “Securities Act”), (iii) the restrictions on transfer contained in the Indenture and the Private Placement Legend are not required in order to maintain compliance with the Securities Act and
(iv) the beneficial interest in an Unrestricted Global Note is being acquired in compliance with any applicable blue sky securities laws of any state of the United States. 
  
  ̈ (b) Check if
Exchange is from beneficial interest in a Restricted Global Note to Unrestricted Definitive Note. In connection with the Exchange of the Owner’s beneficial interest in a Restricted Global Note for an Unrestricted Definitive Note, the Owner


  

 C-1 








 
hereby certifies (i) the Definitive Note is being acquired for the Owner’s own account without transfer, (ii) such Exchange has been effected
in compliance with the transfer restrictions applicable to the Restricted Global Notes and pursuant to and in accordance with the Securities Act, (iii) the restrictions on transfer contained in the Indenture and the Private Placement Legend are
not required in order to maintain compliance with the Securities Act and (iv) the Definitive Note is being acquired in compliance with any applicable blue sky securities laws of any state of the United States. 
  
  ̈ (c) Check if Exchange is from Restricted Definitive Note to beneficial interest in an Unrestricted Global Note. In connection with the Owner’s Exchange of a Restricted Definitive Note for a beneficial
interest in an Unrestricted Global Note, the Owner hereby certifies (i) the beneficial interest is being acquired for the Owner’s own account without transfer, (ii) such Exchange has been effected in compliance with the transfer
restrictions applicable to Restricted Definitive Notes and pursuant to and in accordance with the Securities Act, (iii) the restrictions on transfer contained in the Indenture and the Private Placement Legend are not required in order to
maintain compliance with the Securities Act and (iv) the beneficial interest is being acquired in compliance with any applicable blue sky securities laws of any state of the United States. 
  
  ̈ (d) Check if Exchange is from Restricted Definitive Note to Unrestricted Definitive Note. In connection with the Owner’s Exchange of a Restricted Definitive Note for an Unrestricted Definitive Note, the
Owner hereby certifies (i) the Unrestricted Definitive Note is being acquired for the Owner’s own account without transfer, (ii) such Exchange has been effected in compliance with the transfer restrictions applicable to Restricted
Definitive Notes and pursuant to and in accordance with the Securities Act, (iii) the restrictions on transfer contained in the Indenture and the Private Placement Legend are not required in order to maintain compliance with the Securities Act
and (iv) the Unrestricted Definitive Note is being acquired in compliance with any applicable blue sky securities laws of any state of the United States. 
  

2. Exchange of Restricted Definitive Notes or Beneficial Interests in Restricted Global Notes for Restricted Definitive Notes or Beneficial
Interests in Restricted Global Notes 
  
  ̈ (a) Check if Exchange is from beneficial interest in a Restricted Global Note to Restricted Definitive Note. In connection with the Exchange of the
Owner’s beneficial interest in a Restricted Global Note for a Restricted Definitive Note with an equal principal amount, the Owner hereby certifies that the Restricted Definitive Note is being acquired for the Owner’s own account without
transfer. Upon consummation of the proposed Exchange in accordance with the terms of the Indenture, the Restricted Definitive Note issued will continue to be subject to the restrictions on transfer enumerated in the Private Placement Legend printed
on the Restricted Definitive Note and in the Indenture and the Securities Act. 
  

 C-2 








  ̈ (b) Check if Exchange is from Restricted Definitive Note to beneficial interest in a Restricted Global Note. In connection with the Exchange of the Owner’s Restricted Definitive Note for a beneficial interest in the [CHECK
ONE]: 
  
  ̈ 144A Global Note: 
  
  ̈ Regulation S Global Note:

  
 with an equal principal amount, the Owner hereby certifies (i) the
beneficial interest is being acquired for the Owner’s own account without transfer and (ii) such Exchange has been effected in compliance with the transfer restrictions applicable to the Restricted Global Notes and pursuant to and in
accordance with the Securities Act, and in compliance with any applicable blue sky securities laws of any state of the United States. Upon consummation of the proposed Exchange in accordance with the terms of the Indenture, the beneficial interest
issued will be subject to the restrictions on transfer enumerated in the Private Placement Legend printed on the relevant Restricted Global Note and in the Indenture and the Securities Act. 
  
 This certificate and the statements contained herein are made for your
benefit and the benefit of the Company. 
  

			
	Dated: ___________________
	
	 
	[Insert Name of Transferor]


  

			
		
	By:	 	 
	 	 	Name:
	 	 	Title:


  

 C-3 








 EXHIBIT D 
  

FORM OF SUPPLEMENTAL INDENTURE 
 TO
BE DELIVERED BY SUBSEQUENT SUBSIDIARY GUARANTORS 
  
 Supplemental Indenture (this “Supplemental Indenture”), dated as of _____________, among __________________ (the “Subsidiary Guarantor”), a subsidiary of MSC-Medical Services Company (or its permitted
successor), a Florida corporation (the “Company”), MCP-MSC Acquisition, Inc., a Delaware corporation, [other Subsidiary Guarantors, if any, already party to the Indenture,] and U.S. Bank National Association, a national banking
association, as trustee under the Indenture referred to below (the “Trustee”). 
  
 W I T N E S S E T H 
  
 WHEREAS,
the Company has heretofore executed and delivered to the Trustee an indenture (the “Indenture”), dated as of June 21, 2005, providing for the issuance of Senior Secured Floating Rate Notes due 2011 (the
“Notes”); 
  
 WHEREAS, the Indenture provides
that under certain circumstances the Subsidiary Guarantor shall execute and deliver to the Trustee a supplemental indenture pursuant to which the Subsidiary Guarantor shall unconditionally guarantee all of the obligations of the Company under the
Notes and the Indenture on the terms and conditions set forth herein (the “Note Guarantee”); and 
  
 WHEREAS, pursuant to Section 9.01 of the Indenture, the Trustee is authorized to execute and deliver this Supplemental Indenture. 
  
 NOW THEREFORE, in consideration of the foregoing and for other good and
valuable consideration, the receipt of which is hereby acknowledged, the Subsidiary Guarantor and the Trustee mutually covenant and agree for the equal and ratable benefit of the Holders of the Notes as follows: 
  
 1. Capitalized Terms. Capitalized terms used herein without definition
shall have the meanings assigned to them in the Indenture. 
  
 2.
Agreement to Guarantee. The Subsidiary Guarantor hereby agrees as follows: 
  
 (a) Along with any and all other Subsidiary Guarantors, to jointly and severally Guarantee to each Holder of a Note authenticated and
delivered by the Trustee and to the Trustee and its successors and assigns, irrespective of the validity and enforceability of the Indenture, the Notes or the obligations of the Company hereunder or thereunder, that: 
  
 (i) Interest on the Notes shall be promptly paid in full
when due, whether at maturity, by acceleration, redemption or otherwise, and interest on the overdue principal of and interest on the Notes, if any, if lawful, and all other obligations of the Company to the Holders or the Trustee hereunder or
thereunder 

  

 D-1 








 
shall be promptly paid in full or performed, all in accordance with the terms hereof and thereof; and 
  
 (ii) in case of any extension of time of payment or renewal
of any Notes or any of such other obligations, the same shall be promptly paid in full when due or performed in accordance with the terms of the extension or renewal, whether at stated maturity, by acceleration or otherwise. Failing payment
when due of any amount so guaranteed or any performance so guaranteed for whatever reason, the Subsidiary Guarantor shall be, jointly and severally with all other Subsidiary Guarantors, obligated to pay the same immediately. This Note Guarantee is a
guarantee of payment and not of collection. 
  
 (b) The obligations hereunder shall be unconditional, irrespective of the validity, regularity or enforceability of the Notes or the Indenture, the absence of any action to enforce the same, any waiver or consent by any Holder of the Notes
with respect to any provisions hereof or thereof, the recovery of any judgment against the Company, any action to enforce the same or any other circumstance that might otherwise constitute a legal or equitable discharge or defense of the Subsidiary
Guarantor. 
  
 (c) Subject to Section 6.06
of the Indenture, the following is hereby waived: diligence, presentment, demand of payment, filing of claims with a court in the event of insolvency or bankruptcy of the Company, any right to require a proceeding first against the Company, protest,
notice and all demands whatsoever. 
  
 (d) The
Note Guarantee shall not be discharged except by complete performance of the obligations contained in the Notes and the Indenture. 
  
 (e) If any Holder or the Trustee is required by any court or otherwise to return to the Company, the Subsidiary Guarantor, or any
Custodian, Trustee, liquidator or other similar official acting in relation to either the Company or the Subsidiary Guarantor, any amount paid by either to the Trustee or such Holder, this Note Guarantee, to the extent theretofore discharged, shall
be reinstated in full force and effect. 
  
 (f)
The Subsidiary Guarantor shall not be entitled to any right of subrogation in relation to the Holders in respect of any obligations guaranteed hereby until payment in full of all obligations guaranteed hereby. 
  
 (g) As between the Subsidiary Guarantor, on the one hand,
and the Holders and the Trustee, on the other hand, (x) the maturity of the obligations guaranteed hereby may be accelerated as provided in Article Six of the Indenture for the purposes of this Note Guarantee, notwithstanding any stay,
injunction or other prohibition preventing such acceleration in respect of the obligations guaranteed hereby, and (y) in the event of any declaration of acceleration of such obligations as provided in Article Six of the Indenture, such
obligations (whether or not due and payable) shall forthwith become due and payable by the Subsidiary Guarantors for the purpose of this Note Guarantee. 
  
 (h) The Subsidiary Guarantor, and by its acceptance of Notes, each Holder, hereby confirm that it is the intention of all such parties
that this Note Guarantee not 

  

 D-2 








 
constitute a fraudulent transfer or conveyance for purposes of Bankruptcy Law, the Uniform Fraudulent Conveyance Act, the Uniform Fraudulent Transfer Act or
any similar federal or state law to the extent applicable to any Note Guarantee. To effectuate the foregoing intention, the Trustee, the Holders and the Subsidiary Guarantor hereby irrevocably agree that the obligations of the Subsidiary Guarantor
shall not, after giving effect to such maximum amount and all other contingent and fixed liabilities of the Subsidiary Guarantor that are relevant under such laws, and after giving effect to any collections from, rights to receive contribution from
or payments made by or on behalf of any other Subsidiary Guarantor in respect of the obligations of such other Subsidiary Guarantor under this Supplemental Indenture, result in the obligations of the Subsidiary Guarantor under this Note Guarantee
constituting a fraudulent transfer or conveyance. 
  
 3.
Execution and Delivery. The Subsidiary Guarantor agrees that this Note Guarantee shall remain in full force and effect notwithstanding any failure to endorse on each Note a notation of this Note Guarantee. 
  
 4. NEW YORK LAW TO GOVERN. THIS SUPPLEMENTAL INDENTURE SHALL BE
GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK. 
  
 5. Counterparts. The parties may sign any number of copies of this Supplemental Indenture. Each signed copy shall be an original, but all of them together represent the same agreement. 
  
 6. Effect of Headings. The Section headings herein are for convenience
only and shall not affect the construction hereof. 
  
 7.
Trustee. The Trustee shall not be responsible in any manner whatsoever for or in respect of the validity or sufficiency of this Supplemental Indenture or for or in respect of the recitals contained herein, all of which recitals are made
solely by the Subsidiary Guarantor and the Company. 
  
 * * * * * *
* * 
  

 D-3 








 IN WITNESS WHEREOF, the parties hereto have caused this Supplemental Indenture to be duly executed and
attested, all as of the date first above written. 
  
 Dated: _______________, ____

  

					
	[SUBSIDIARY GUARANTOR]
		
	By:	 	 
	 	 	Name:	 	 
	 	 	Title:	 	 
	
	MSC-MEDICAL SERVICES COMPANY
		
	By:	 	 
	 	 	Name:	 	 
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	MCP-MSC ACQUISITION, INC.
		
	By:	 	 
	 	 	Name:	 	 
	 	 	Title:	 	 


  

					
	U.S. BANK NATIONAL ASSOCIATION
		
	 	 	 AS TRUSTEE

			
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	[OTHER SUBSIDIARY GUARANTORS, IF ANY, ALREADY PARTY TO THE INDENTURE]
			
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	 	 	 	 	Name:
	 	 	 	 	Title: