exv4w2



 





Exhibit 4.2




EXECUTION COPY




 





SECOND SUPPLEMENTAL SENIOR INDENTURE




between




REINSURANCE GROUP OF AMERICA, INCORPORATED




and




THE BANK OF NEW YORK TRUST COMPANY, N.A.,




as Trustee




 






Dated as of March 9, 2007




 






5.625% Senior Notes due 2017




 





 









 








TABLE OF CONTENTS




	 	 	 	 	 	 	 
	 	 	 	 	Page
	ARTICLE I DEFINITIONS	 	 	1	 
	 	 	 
	 	 	 	 
	     Section 1.1	 	Definition of Terms
	 	 	1	 
	 	 	 
	 	 	 	 
	ARTICLE II TERMS AND CONDITIONS OF THE SENIOR NOTES	 	 	1	 
	 	 	 
	 	 	 	 
	     Section 2.1	 	Designation and Principal Amount
	 	 	1	 
	     Section 2.2	 	Maturity
	 	 	1	 
	     Section 2.3	 	Percentage of Principal Amount
	 	 	1	 
	     Section 2.4	 	Place of Payment and Surrender for Registration of Transfer
	 	 	1	 
	     Section 2.5	 	Registered Securities; Form; Denominations; Depositary
	 	 	1	 
	     Section 2.6	 	Interest
	 	 	1	 
	     Section 2.7	 	Optional Redemption
	 	 	1	 
	     Section 2.8	 	No Sinking Fund
	 	 	1	 
	     Section 2.9	 	Events of Default
	 	 	1	 
	     Section 2.10	 	Ranking
	 	 	1	 
	     Section 2.11	 	Paying Agent; Security Registrar
	 	 	1	 
	     Section 2.12	 	Defeasance
	 	 	1	 
	     Section 2.13	 	Conversion
	 	 	1	 
	     Section 2.14	 	CUSIP Numbers
	 	 	1	 
	     Section 2.15	 	Company Reports
	 	 	1	 
	     Section 2.16	 	Other
	 	 	1	 
	 	 	 
	 	 	 	 
	ARTICLE III COVENANTS	 	 	1	 
	 	 	 
	 	 	 	 
	     Section 3.1	 	Limitation on Liens
	 	 	1	 
	     Section 3.2	 	Limitations on Issuance or Disposition of Stock of Restricted Subsidiaries
	 	 	1	 
	 	 	 
	 	 	 	 
	ARTICLE IV MISCELLANEOUS	 	 	1	 
	 	 	 
	 	 	 	 
	     Section 4.1	 	Ratification, Extension and Renewal of Indenture
	 	 	1	 
	     Section 4.2	 	Trustee Not Responsible for Recitals
	 	 	1	 
	     Section 4.3	 	Governing Law
	 	 	1	 
	     Section 4.4	 	Severability
	 	 	1	 
	     Section 4.5	 	Counterparts
	 	 	1	 
	     Section 4.6	 	Successors and Assigns
	 	 	1	 
	 	 	 
	 	 	 	 
	EXHIBIT A FORM OF SENIOR NOTE	 	 	A-1	 






i









 






EXECUTION COPY




     SECOND SUPPLEMENTAL SENIOR INDENTURE, dated as of March 9, 2007 (this “Second Supplemental
Indenture"), between REINSURANCE GROUP OF AMERICA, INCORPORATED, a Missouri corporation (the
“Company"), having its principal executive office at 1370 Timberlake Manor Parkway, Chesterfield,
Missouri 63017-6039 and THE BANK OF NEW YORK TRUST COMPANY, N.A., a national banking association,
as successor trustee to The Bank of New York (the “Trustee"), having its corporate trust office at
2 North LaSalle, Suite 1020, Chicago, Illinois 60602, supplementing the Senior Indenture, dated as
of December 19, 2001, between the Company and the Trustee (the “Base Indenture", together with the
this Second Supplemental Indenture, the “Indenture").



RECITALS OF THE COMPANY




     The Company executed and delivered the Base Indenture to the Trustee to provide for the
issuance from time to time of its senior debentures, notes, bonds or other evidences of
indebtedness (hereinafter generally called the “Debt Securities", and individually, a “Debt
Security") to be issued in one or more series as provided in the Base Indenture, in an unlimited
aggregate principal amount which may be authenticated and delivered as provided in the Base
Indenture;



     Pursuant to the terms of this Second Supplemental Indenture, the Company desires to provide
for the establishment of a new series of Debt Securities to be known as the 5.625% Senior Notes due
2017 (the “Senior Notes"), the form and substance of such Senior Notes and the terms, provisions
and conditions thereof to be as set forth in the Indenture;



     The Company has requested that the Trustee execute and deliver this Second Supplemental
Indenture, all requirements necessary to make this Second Supplemental Indenture a valid instrument
in accordance with its terms (and to make the Senior Notes, when duly executed by the Company and
duly authenticated and delivered by the Trustee, the valid and enforceable obligations of the
Company) have been performed, and the execution and delivery of this Second Supplemental Indenture
has been duly authorized in all respects.



     NOW, THEREFORE, THIS INDENTURE WITNESSETH:



     For and in consideration of the premises and the purchase of Senior Notes by the Holders
thereof, it is mutually covenanted and agreed, for the equal and proportionate benefit of all
Holders of Senior Notes or of Debt Securities of any series, as follows:



ARTICLE I

DEFINITIONS




Section 1.1 Definition of Terms




     Unless the context otherwise requires:



     (a) a term not defined herein that is defined in the Base Indenture has the same meaning when
used in this Second Supplemental Indenture;



 









 





     (b) a term defined anywhere in this Second Supplemental Indenture has the same meaning
throughout;



     (c) the singular includes the plural and vice versa;




     (d) a reference to a Section or Article is to a Section or Article of this Second Supplemental
Indenture;



     (e) headings are for convenience of reference only and do not affect interpretation; and




     (f) the following terms have the following meanings:



          “Base Indenture” has the meaning set forth in the Recitals.




          “Adjusted Treasury Rate” means, with respect to any date of redemption, the rate per
annum equal to the semi-annual equivalent yield to maturity of the Comparable Treasury
Issue, assuming a price for the Comparable Treasury Issue (expressed as a percentage of its
principal amount) equal to the Comparable Treasury Price for that date of redemption.




          “Capital Lease Obligation” means an obligation of the Company or any Subsidiary to pay
rent or other amounts under a lease of (or another Indebtedness arrangement conveying the
right to use) real or personal property thereof that is required to be classified and
accounted for as a capital lease or a liability on the face of a balance sheet thereof in
accordance with GAAP. For purposes of this Second Supplemental Indenture, the amount of
such obligation shall be the capitalized amount thereof and the stated maturity thereof
shall be the date of the last payment of rent or any other amount due under such lease (or
such other arrangement) prior to the first date upon which such lease (or such other
arrangement) may be terminated by the lessee (or obligor) without payment of a penalty.




          “Capital Stock” means with respect to any Person, any and all shares, interests,
participations, rights or other equivalents (however designated) of corporate stock of such
Person, including, without limitation, if such Person is a partnership, partnership
interests (whether general or limited) and 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, such partnership.




          “Clearstream” means Clearstream, S.A.




          “Company” has the meaning set forth in the Recitals.




          “Comparable Treasury Issue” means the United States Treasury security selected by the
Quotation Agent as having a maturity comparable to the remaining term
of the Senior Notes to be redeemed that would be utilized, at the time of selection and in
accordance with customary financial practice, in pricing new issues of corporate debt
securities of comparable maturity to the remaining term of the Senior Notes.




2









 








          “Comparable Treasury Price” means, with respect to any date of redemption, (i) the
average of the Reference Treasury Dealer Quotations for the date of redemption, after
excluding the highest and lowest Reference Treasury Dealer Quotations, or (ii) if the
Trustee obtains fewer than three (3) Reference Treasury Dealer Quotations, the average of
all such Reference Treasury Dealer Quotations.




          “Consolidated Tangible Net Worth” means the total shareholders’ equity as reflected in
the Company’s most recent consolidated balance sheet prepared in accordance with GAAP and
filed with the Securities and Exchange Commission, less intangible assets such as goodwill,
trademarks, tradenames, patents and unamortized debt discount and expense.




          “Debt Securities” or “Debt Security” has the meaning set forth in the Recitals.




          “Euro” means the currency adopted by those countries participating in the third stage
of the European Monetary Union.




          “First Supplemental Indenture” means the First Supplemental Senior Indenture, dated as
of December 19, 2001, to the Base Indenture.




          “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 and 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 date hereof.
For the purposes of this Second Supplemental Indenture, the term “consolidated” with respect
to any Person shall mean such Person consolidated with its Restricted Subsidiaries, and
shall not include any Unrestricted Subsidiary.




          “Guarantee” by any Person means any Obligations, contingent or otherwise, of such
Person guaranteeing any Indebtedness of any other Person (the “primary obligor”) in any
manner, whether directly or indirectly, and including, without limitation, every obligation
of such Person (i) to purchase or pay (or advance or supply funds for the purchase or
payment of) such Indebtedness or to purchase (or to advance or supply funds for the purchase
of) any security for the payment of such Indebtedness, (ii) to purchase property, securities
or services for the purpose of assuring the holder of such Indebtedness of the payment of
such Indebtedness or (iii) to maintain working capital, equity capital or other financial
statement condition or liquidity of the primary obligor so as to enable the primary obligor
to pay such Indebtedness (and the terms “Guaranteed,”
“Guaranteeing” and “Guarantor” shall have meanings correlative to the foregoing);
provided, however, that the Guarantee by any Person shall not include endorsements by such
Person for collection or deposit, in either case in the ordinary course of business.




          “Global Senior Note” has the meaning set forth in Section 2.5(a).




          “Holder” means a Person in whose name a Senior Note is registered.




3









 








          “Indenture” has the meaning set forth in the Recitals.




          “Indebtedness” of any Person means, without duplication, (i) every obligation of such
Person for money borrowed; (ii) every obligation of such Person evidenced by bonds,
debentures, notes or similar instruments, including obligations incurred in connection with
the acquisition of property, assets or businesses; (iii) every obligation of such Person
under conditional sale or other title retention agreements relating to assets or property
purchased by such Person or issued or assumed as the deferred purchase price of property,
assets or services (but excluding trade accounts payable or accrued liabilities arising in
the ordinary course of business that are nor overdue by more than 90 days or are being
contested by such Person in good faith); (iv) every Capital Lease Obligation of such Person;
(v) every obligation of such Person with respect to any Sale and Leaseback Transaction to
which such Person is a party; (vi) every obligation of such Person with respect to letters
of credit, bankers’ acceptances or similar facilities issued for the account of such Person;
(vii) the maximum fixed redemption or repurchase price of outstanding Redeemable Stock of
such Person; (viii) every obligation of such Person with respect to performance, surety or
similar bonds; (ix) every obligation of such Person under interest rate swap or cap or
similar agreements, or under foreign currency hedge, exchange or similar agreements, of such
Person; (x) if such Person is engaged in the insurance business, all Surplus Debt of such
Person; and (xi) every obligation of the type referred to in clauses (i) through (x) and
(xii) of another Person the payment of which such Person has Guaranteed or is otherwise
responsible for or liable for, directly or indirectly, as obligor, Guarantor or otherwise;
and (xii) every amendment, modification, renewal and extension of an obligation of the type
referred to in clauses (i) through (xi).




          “Insurance Regulator” means any Person having (i) authority to administer or enforce
any statute, regulation or other law of the United States, any State or the District of
Columbia or any instrumentality or political subdivision thereof (or any order or decree of
any court thereof) governing the conduct of an insurance business, and (ii) jurisdiction
over the matter in question.




          “Obligations” means any principal, interest, penalties, fees, indemnifications,
reimbursements, damages and other liabilities payable under the documentation governing any
Indebtedness.




          “Quotation Agent” means one of the Reference Treasury Dealers appointed by the Company.




          “Recitals” means the Recitals of the Company set forth in this Second Supplemental
Indenture.




          “Redeemable Stock” of a Person means every Capital Stock of such Person that by its
terms or otherwise is required to be redeemed or otherwise purchased by such
Person, or is redeemable or so purchasable at the option of the holder thereof, at any
time prior to the Stated Maturity of the Capital Stock.




4









 








          “Reference Treasury Dealer” means (i) UBS Securities LLC, Credit Suisse Securities
(USA) LLC and three (3) additional primary U.S. Government securities dealers in New York
City (each a “Primary Treasury Dealer”) selected by the Company and their successors;
provided, however, that if any of them shall cease to be a Primary Treasury Dealer, the
Company shall substitute another Primary Treasury Dealer; and (ii) any other Primary
Treasury Dealers selected by the Company.




          “Reference Treasury Dealer Quotations” means, with respect to each Reference Treasury
Dealer and any date of redemption, the average, as determined by the Trustee, after
consultation with the Company, of the bid and asked prices for the Comparable Treasury Issue
(expressed in each case as a percentage of its principal amount) quoted in writing to the
Trustee by that Reference Treasury Dealer at 5:00 p.m., New York City time, on the third
business day preceding that date of redemption.




          “Responsible Officer” when used with respect to the Trustee means any officer
within the corporate trust department of the Trustee, including any vice president, any
assistant secretary, any assistant treasurer or any assistant vice president 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 and who shall have direct responsibility for the
administration of this Indenture.




          “Restricted Subsidiary” means (i) any Significant Subsidiary of the Company existing on
the date hereof, (ii) any Subsidiary of the Company, organized or acquired after the date
hereof which is a Significant Subsidiary and (iii) an Unrestricted Subsidiary which is
reclassified as a Restricted Subsidiary by a resolution adopted by the Board of Directors.




          “Sale and Leaseback Transaction” means any arrangement with any bank, insurance company
or other lender or investor (other than the Company or a Subsidiary), or to which such
lender or investor is a party, providing for the leasing by the Company or any Subsidiary of
any property or asset of the Company or any Subsidiary that has been or is to be sold or
transferred by the Company or any Subsidiary to such lender or investor or to any Person
(other than the Company or a Subsidiary) to whom funds have been or are to be advanced by
such lender or investor on the security of such property or asset.




          “Second Supplemental Indenture” has the meaning set forth in the Recitals.




          “Senior Notes” has the meaning set forth in the Recitals.




          “Significant Subsidiary” means a Subsidiary, including its direct and indirect
Subsidiaries, which meets any of the following conditions (in each case determined in
accordance with GAAP): (i) the Company’s and its other Subsidiaries’ investment in and
advances to the Subsidiary exceed ten percent (10%) of the total assets of the Company
and its Subsidiaries consolidated as of the end of the most recently completed fiscal year;




5









 







(ii) the Company’s and its other Subsidiaries’ proportionate share of the total assets
(after inter-company eliminations) of the Subsidiary exceeds ten percent (10%) of the total
assets of the Company and its Subsidiaries consolidated as of the end of the most recently
completed fiscal year; or (iii) the Company’s and its other Subsidiaries’ equity interest in
the income from continuing operations before income taxes, extraordinary items and
cumulative effect of a change in accounting principles of the Subsidiary exceed ten percent
(10%) of such income of the Company and its Subsidiaries consolidated for the most recently
completed fiscal year.




          “Subsidiary” means, with respect to any specified person, (i) any corporation,
association or other business entity of which more than 50% of the total Voting Stock is
owned, directly or indirectly, by such Person or one or more of the other Subsidiaries of
that Person (or a combination thereof) and (ii) 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); provided, however, that Subsidiary shall not include
such a Person established in connection with a transaction structured to satisfy the
regulatory or operational reserve requirements of another Subsidiary that is an insurance
company.




          “Surplus Debt” of any Person engaged in the insurance business means any liability of
such Person to another for repayment of a sum of money to such other Person under a written
agreement approved by an Insurance Regulator providing for such liability to be paid only
out of surplus of such Person in excess of a minimum amount of surplus specified in such
agreement.




          “Trustee” has the meaning set forth in the Recitals.




          “Unrestricted Subsidiary” means any Subsidiary of the Company which is not a Restricted
Subsidiary.




          “Voting Stock” means capital stock, the holders of which have general voting power
under ordinary circumstances to elect at least a majority of the board of directors of a
corporation, provided that, for the purposes of such definition, capital stock which by a
resolution adopted by the Board of Directors carries only the right to vote conditioned on
the happening of an event shall not be considered Voting Stock, whether or not such event
shall have happened.




ARTICLE II

TERMS AND CONDITIONS OF THE SENIOR NOTES




Section 2.1 Designation and Principal Amount




     There is hereby authorized a series of Debt Securities designated the “5.625% Senior Notes due
2017,” initially in the aggregate principal amount at maturity of Three Hundred Million Dollars
($300,000,000), except for Senior Notes authenticated and delivered upon
registration of transfer of, or in exchange for, or in lieu of, other Senior Notes pursuant to
the Indenture. Without the consent of the Holders of the Senior Notes, the Company may from time



6









 







to time, create and issue additional Senior Notes having the same terms and conditions as the
Senior Notes in all respects, except for issue date, issue price, and if applicable, the first
payment of interest thereon. Additional Senior Notes issued after the date hereof will form a
single series with all such outstanding Senior Notes.



Section 2.2 Issue Date; Maturity




     The Senior Notes shall be issued as of the date hereof; the Stated Maturity of the Senior
Notes shall be March 15, 2017.



Section 2.3 Percentage of Principal Amount




     The Senior Notes will issued at 100% of the principal amount.



Section 2.4 Place of Payment and Surrender for Registration of Transfer




     (a) Payment of principal of (and premium, if any) and interest on Senior Notes shall be made,
the transfer of Senior Notes will be registrable, and Senior Notes will be exchangeable for Senior
Notes of other denominations of a like principal amount at the office or agency of the Company
maintained for such purpose, initially the Corporate Trust Office of the Trustee. Payment of any
principal (and premium, if any) and interest, on Senior Notes issued as Global Senior Notes shall
be payable by the Company through the Paying Agent to the Depositary in immediately available
funds.



     (b) Payment of principal of (and premium, if any) and interest on Senior Notes issued in
physical form shall be made, the transfer of Senior Notes will be registrable, and Senior Notes
will be exchangeable for Senior Notes of other denominations of a like principal amount at the
office or agency of the Company maintained for such purpose, initially the Corporate Trust Office
of the Trustee; provided that, at the Company’s option, interest on Senior Notes issued in
physical form may be payable by (i) a U.S. Dollar check drawn on a bank in The City of New York
mailed to the address of the Person entitled thereto as such address shall appear in the Register,
or (ii) upon application to the Registrar not later than the relevant record date by a Holder of a
principal amount of Securities in excess of $5,000,000, wire transfer in immediately available
funds, which application shall remain in effect until the Holder notifies, in writing, the
Registrar to the contrary.



Section 2.5 Registered Securities; Form; Denominations; Depositary




     (a) The Senior Notes shall be issued in fully registered form, without coupons, as Registered
Securities and shall initially be issued in the form of one or more permanent Global Notes (the
“Global Senior Notes"), and with the legends contained in, the form of Exhibit A hereto. The
Senior Notes will be issued in definitive form only under the limited circumstances set forth in
Section 3.4(c) of the Base Indenture. The Senior Notes shall not be issuable in bearer form. The
terms and provisions contained in the form of Senior Note shall constitute, and are hereby
expressly made, a part of the Indenture and to the extent applicable, the Company, and
the Trustee, by their execution and delivery of the Indenture, expressly agree to such terms
and provisions and to be bound thereby.



7









 





     (b) The Senior Notes shall be issued in denominations of $2,000 and integral multiples of
$1,000.



     (c) The Depositary for the Senior Notes will be The Depository Trust Company. The Global
Senior Notes will be registered in the name of the Depositary or its nominee, Cede & Co., and
delivered by the Trustee to the Depositary or a custodian appointed by the Depositary for crediting
to the accounts of its participants pursuant to the instructions of the Trustee.



Section 2.6 Interest




     (a) The Senior Notes will bear interest at a rate of 5.625% per annum on the principal amount
thereof from and including March 9, 2007 to, but excluding, March 15, 2017, payable semiannually in
arrears on March 15 and September 15 of each year (each, an “Interest Payment Date”), commencing
on September 15, 2007. The Regular Record Dates for the Senior Notes shall be the immediately
preceding March 1 and September 1, respectively, of each year.



     (b) The amount of interest payable on the Senior Notes for any period will be computed on the
basis of a 360-day year of twelve 30-day months. In the event that any date on which interest is
payable on the Senior Notes is not a Business Day, payment of the interest payable on such date
will be made on the next day that is a Business Day (and without any additional interest or other
payment in respect of any such delay), except that, if such Business Day is in the next calendar
year, such payment will be made on the preceding Business Day with the same force and effect as if
made on the date such payment was originally payable.



     (c) The Company shall pay interest on overdue principal and on overdue installments of
interest (without regard to any applicable grace periods) from time to time on demand at the rate
borne by the Senior Notes plus 1% per annum to the extent lawful.



Section 2.7 Optional Redemption.



     (a) The Company may, at its option, redeem the Senior Notes, in whole or in part, at any time
at a Redemption Price equal to the greater of: (i) 100% of the principal amount of the Senior Notes
to be redeemed, and (ii) as determined by the Quotation Agent, the sum of the present values of the
remaining scheduled payments of principal and interest thereon (not including any portion of those
payments of interest accrued as of the date of redemption) discounted to the date of redemption on
a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the Adjusted
Treasury Rate plus 20 basis points plus, in each case, accrued interest thereon to the date of
redemption.



     (b) The redemption provisions of Article XIII of the Base Indenture shall apply to the Senior
Notes.



Section 2.8 No Sinking Fund




     The Senior Notes shall not be subject to a sinking fund provision.



8









 





Section 2.9 Events of Default




     In addition to the Events of Default set forth in Section 5.1 of the Base Indenture, it shall
be an “Event of Default” with respect to the Senior Notes if the following occurs and shall be
continuing:



     (a) the failure of the Company or any Subsidiary to pay Indebtedness in an aggregate principal
amount exceeding $50,000,000 at the later of final maturity or upon expiration of any applicable
period of grace with respect to such principal amount, and such failure to pay shall not have been
cured by the Company within 30 days after such failure; or



     (b) an acceleration of the maturity of any Indebtedness of the Company or any Subsidiary, in
excess of $50,000,000, if such failure to pay is not discharged or such acceleration is not
annulled within 15 days after the Company shall have received due notice of such acceleration.



     The additional Events of Default set forth in this Section 2.9 are expressly being included
solely to be applicable to the Senior Notes specified in this Second Supplemental Indenture.



Section 2.10 Ranking




     The Senior Notes shall constitute the senior debt obligations of the Company and shall rank
equally in right of payment with all other existing and future senior debt obligations of the
Company.



Section 2.11 Paying Agent; Security Registrar




     Initially, the Trustee shall act as Paying Agent and Security Registrar. If the Senior Notes
are issued in definitive form, the Corporate Trust Office shall be the office or agency of the
Paying Agent and the Security Registrar for the Senior Notes.



Section 2.12 Defeasance




     The defeasance provisions of Article XV of the Base Indenture shall apply to the Senior Notes.



Section 2.13 Conversion




     The Senior Notes will not be convertible into shares of Common Stock or any other security.



Section 2.14 CUSIP Numbers




     The Company in issuing the Senior 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 Senior Notes or as contained
in any notice of a redemption and that reliance may be placed only on the other identification
numbers



9









 







printed on the Senior Notes, and any such redemption shall not be affected by any defect in
or omission of such numbers. The Company will promptly notify the Trustee of any change in the
“CUSIP” numbers.



Section 2.15 Definitive Form of Senior Notes.




     The Senior Notes will be issued in definitive form only under the limited circumstances set
forth in Section 3.4(c) of the Base Indenture.



Section 2.16 Company Reports




     The provisions of Section 7.4 of the Base Indenture relating to the nature, content and date
for reports by the Company to the Holders, to the extent such provisions are mandated by the Trust
Indenture Act, shall apply to the Senior Notes.



Section 2.17 Other




     The provisions confined in Articles XIV and XVI of the Base Indenture shall not apply to the
Senior Notes. All references to “ECU’s” in the Base Indenture shall be deemed to refer to “Euros”,
and all references to “CEDEL” in the Base Indenture shall be deemed to refer to “Clearstream”. The
definitions of “Capital Stock” and “Responsible Officer” in this Second Supplmental Indenture shall
supersede the definitions for such terms in the Base Indenture. Any reference to the corporate
seal of the Company in the Base Indenture shall be deemed also to include a facsimile thereof.



ARTICLE III

COVENANTS




     Article XII of the Base Indenture is hereby supplemented by the following additional covenants
of the Company:



Section 3.1 Limitation on Liens




     The Company will not, and will not permit any Subsidiary to, incur, issue, assume or guaranty
any Indebtedness if such Indebtedness is secured by a mortgage, pledge of, lien on, security
interest in or other encumbrance upon any shares of Voting Stock of any Restricted Subsidiary,
whether such Voting Stock is now owned or is hereafter acquired, without providing that the Senior
Notes (together with, if the Company shall so determine, any other Indebtedness or obligations of
the Company or any Subsidiary ranking equally with such Senior Notes and then existing or
thereafter created) shall be secured equally and ratably with such Indebtedness. The foregoing
limitation shall not apply to (a) Indebtedness incurred, issued, assumed, guaranteed or permitted
to exist and secured by liens, security interests, pledges or other encumbrances which does not
exceed 10% of the Company’s then Consolidated Tangible Net Worth; (b) Indebtedness secured by a
pledge of, lien on or security interest in any shares of Voting Stock of any corporation if such
pledge, lien or security interest is made or granted prior
to or at the time such corporation becomes a Restricted Subsidiary; provided that such
pledge, lien or security interest was not created in anticipation of the transfer of such shares of
Voting Stock to the Company or its Subsidiaries (c) liens or security interests securing
Indebtedness of a



10









 







Restricted Subsidiary to the Company or another Restricted Subsidiary; or (d) the
extension, renewal or replacement (or successive extensions, renewals or replacements), in whole or
in part, of any lien or security interest referred to in the foregoing clauses (b) and (c) but only
if the principal amount of Indebtedness secured by the liens or security interests immediately
prior thereto is not increased and the lien or security interest is not extended to other property.



Section 3.2 Limitations on Issuance or Disposition of Stock of Restricted Subsidiaries




     The Company will not, nor will it permit any Restricted Subsidiary to, issue, sell, assign,
transfer or otherwise dispose of any shares of Capital Stock (other than nonvoting preferred stock)
of any Restricted Subsidiary (or of any Subsidiary having direct or indirect control of any
Restricted Subsidiary), except for, subject to Article X of the Base Indenture, (a) director’s
qualifying shares; (b) a sale, assignment, transfer or other disposition of any Capital Stock of
any Restricted Subsidiary (or of any Subsidiary having direct or indirect control of any Restricted
Subsidiary) to the Company or to one or more Restricted Subsidiaries; (c) a sale, assignment,
transfer or other disposition of all or part of the Capital Stock of any Restricted Subsidiary (or
of any Subsidiary having direct or indirect control of any Restricted Subsidiary) for consideration
which is at least equal to the fair value of such Capital Stock as determined by the Company’s
Board of Directors acting in good faith; (d) the issuance, sale, assignment, transfer or other
disposition made in compliance with an order of a court or regulatory authority of competent
jurisdiction, other than an order issued at the request of the Company or any Restricted
Subsidiary; or (e) issuance for consideration which is at least equal to fair value as determined
by the Company’s Board of Directors acting in good faith.



ARTICLE IV

MISCELLANEOUS




Section 4.1 Ratification, Extension and Renewal of Indenture




     This Indenture, as supplemented and amended by this Second Supplemental Indenture, is
ratified, confirmed, extended and renewed, and this Second Supplemental Indenture shall be deemed
part of the Indenture in the manner and to the extent herein and therein provided. If any
provision of this Second Supplemental Indenture is inconsistent with a provision of the Base
Indenture, the terms of this Second Supplemental Indenture shall control.



Section 4.2 Senior Notes Unaffected by First Supplemental Indenture




     The First Supplemental Indenture does not apply to the Senior Notes. To the extent the terms
of the Base Indenture are amended by the First Supplemental Indenture, no such amendment shall
affect the Senior Notes. To the extent the terms of the Base Indenture are amended as provided
herein, no such amendment shall affect the terms of the First Supplemental Indenture or any other
series of Debt Securities. This Second Supplemental Indenture shall relate solely to the Senior
Notes.



Section 4.3 Trustee Not Responsible for Recitals




     The Recitals are made by the Company and not by the Trustee, and the Trustee assumes no
responsibility for the correctness thereof. The Trustee makes no representation as to the



11









 







validity
or sufficiency of this Second Supplemental Indenture or the Senior Notes. The Trustee shall not be
accountable for the use or application by the Company of the Senior Notes or the proceeds thereof.



Section 4.4 Governing Law




     This Second Supplemental Indenture and the Senior Notes shall be governed by, and construed in
accordance with, the laws of the State of New York.



Section 4.5 Severability




     In case any one or more of the provisions contained in this Second Supplemental Indenture or
in the Senior Notes shall for any reason be held to be invalid, illegal or unenforceable in any
respect, such invalidity, illegality or unenforceability shall not affect any other provisions of
this Second Supplemental Indenture or of the Senior Notes, but this Second Supplemental Indenture
and the Senior Notes shall be construed as if such invalid or illegal or unenforceable provision
had never been contained herein or therein.



Section 4.6 Counterparts




     This Second Supplemental Indenture may be executed in any number of counterparts each of which
shall be an original; but such counterparts shall together constitute but one and the same
instrument.



Section 4.7 Successors and Assigns




     All covenants and agreements in the Indenture by the Company shall bind its successors and
assigns, whether expressed or not. The Company will have the right at all times to assign any of
its respective rights or obligations under the Indenture to a direct or indirect wholly owned
subsidiary of the Company; provided that, in the event of any such assignment, the Company will
remain liable for all of its respective obligations. Subject to the foregoing, the Indenture will
be binding upon and inure to the benefit of the parties thereto and their respective successors and
assigns. This Indenture may not otherwise be assigned by the parties thereto.



[The remainder of this page has been left blank intentionally.]




12









 








     IN WITNESS WHEREOF, the parties hereto have caused this Second Supplemental Indenture to be
duly executed as of the day and year first above written.



	 	 	 	 	 
	 	REINSURANCE GROUP OF AMERICA, INCORPORATED

 	 
	 	By:  	/s/ Todd C. Larson	 
	 	 	Name:  	Todd C. Larson	 
	 	 	Title:  	Senior Vice President, Controller and Treasurer	 
	 




	 	 	 
	Attest:
	 	 
	/s/ William
L. Hutton
	 	 
	 

Name: William L. Hutton

	 	 
	Title: V.P.
& Asst. G.C.
	 	 
	 
	 	 
	Seal
	 	 






	 	 	 	 	 
	 	THE BANK OF NEW YORK TRUST COMPANY, N.A., as Trustee
(successor to The Bank of New York)

 	 
	 	By:  	/s/ M. Callahan	 
	 	 	Name:  	M. Callahan	 
	 	 	Title:  	Vice President	 



13









 






	 	 	 	 	 



EXHIBIT A




FORM OF SENIOR NOTE




[FACE OF SENIOR NOTE]



THIS SENIOR NOTE IS A GLOBAL NOTE WITHIN THE MEANING OF THE INDENTURE HEREINAFTER REFERRED TO AND
IS REGISTERED IN THE NAME OF CEDE & CO. AS NOMINEE OF THE DEPOSITORY TRUST COMPANY (THE
“DEPOSITARY”), OR A NOMINEE OF THE DEPOSITARY. THIS NOTE IS EXCHANGEABLE FOR SENIOR NOTES
REGISTERED IN THE NAME OF A PERSON OTHER THAN THE DEPOSITARY OR ITS NOMINEE ONLY IN THE LIMITED
CIRCUMSTANCES DESCRIBED IN THE INDENTURE, AND NO TRANSFER OF THIS SENIOR NOTE (OTHER THAN A
TRANSFER OF THIS SENIOR NOTE AS A WHOLE BY THE DEPOSITARY TO A NOMINEE OF THE DEPOSITARY OR BY A
NOMINEE OF THE DEPOSITARY TO THE DEPOSITARY OR ANOTHER NOMINEE OF THE DEPOSITARY OR BY THE
DEPOSITARY OR ANY SUCH NOMINEE TO A SUCCESSOR DEPOSITARY OR A NOMINEE OF SUCH SUCCESSOR DEPOSITARY)
MAY BE REGISTERED UNLESS AND UNTIL THIS SENIOR NOTE IS EXCHANGED IN WHOLE OR IN PART FOR SENIOR
NOTES IN DEFINITIVE FORM. UNLESS (A) THIS SENIOR NOTE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE
OF THE DEPOSITARY TO REINSURANCE GROUP OF AMERICA, INCORPORATED OR ITS AGENT FOR REGISTRATION OF
TRANSFER, EXCHANGE OR PAYMENT, (B) ANY SENIOR NOTE ISSUED IS REGISTERED IN THE NAME REQUESTED BY AN
AUTHORIZED REPRESENTATIVE OF THE DEPOSITARY AND (C) ANY PAYMENT HEREON IS MADE TO CEDE & CO., OR TO
SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITARY), AND EXCEPT AS
OTHERWISE PROVIDED IN THE INDENTURE, ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR
OTHERWISE BY OR TO ANY PERSON IS WRONGFUL SINCE THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN
INTEREST HEREIN.




REINSURANCE GROUP OF AMERICA, INCORPORATED




5.625% Senior Notes due 2017




			
	 	 	 
	Certificate No.:                     
	 	$                    
	CUSIP No.: 759351 AF6	 	 






     This Senior Note is one of a duly authorized series of Debt Securities of REINSURANCE GROUP OF
AMERICA, INCORPORATED (the “Senior Notes”), all issued under and pursuant to a Senior Indenture
dated as of December 19, 2001, duly executed and delivered by REINSURANCE GROUP OF AMERICA,
INCORPORATED, a Missouri corporation (the “Company”, which term includes any successor corporation
under the Indenture hereinafter referred to), and The Bank of New York Trust Company, N.A., as
successor trustee to The Bank of New York (the “Trustee”), as supplemented by this Second
Supplemental Senior Indenture thereto dated as of March 9, 2007, between the Company and the
Trustee, to which Indenture and all indentures supplemental thereto reference is hereby made for a
description of



A-1









 







the rights, limitations of rights, obligations, duties and immunities thereunder of the
Trustee, the Company and the Holders of the Senior Notes. By the terms of the Indenture, the Debt
Securities are issuable in series that may vary as to amount, date of maturity, rate of interest
and in other respects as provided in the Indenture.



     The Company, for value received, hereby promises to pay to                     the principal sum of
                     ($                    ) (as increased or decreased on the attached Schedule of Increases and
Decreases) on March 15, 2017.



     Interest Payment Dates: March 15 and September 15, commencing on September 15, 2007.



     Record Dates: March 1 and September 1.



     Reference is hereby made to the further provisions of this Senior 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.



     IN WITNESS WHEREOF, the Company has caused this Senior Note to be duly executed manually or by
facsimile by its duly authorized officers under its corporate seal.



	 	 	 	 	 
	 	REINSURANCE GROUP OF AMERICA, INCORPORATED

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 



	 	 	 	 	 
	Attest:	 	 
	 
	By:
	 	 	 	 
	 

	 	 	 	 
	Name:	 	 
	Title:	 	 






TRUSTEE’S CERTIFICATE OF AUTHENTICATION




This is one of the 5.625% Senior Notes due

2017 issued under the within mentioned Indenture.




THE BANK OF NEW YORK TRUST COMPANY, N.A., as Trustee

(successor to The Bank of New York)




	 	 	 	 	 
	By:

	 	 	 	 
	 

	 	 	 	 
	 

	 	Authorized Signatory	 	 





Dated: March ___, 2007




A-2









 








[REVERSE OF SENIOR NOTE]




REINSURANCE GROUP OF AMERICA, INCORPORATED




5.625% Senior Notes due 2017




     Capitalized terms used herein but not defined shall have the meanings assigned to them in the
Indenture referred to below unless otherwise indicated.



1. Principal and Interest.




     Reinsurance Group of America, Incorporated, a Missouri corporation (the “Company”), promises
to pay interest on the principal amount of this Senior Note in the manner specified below at the
rate of 5.625% per annum from and including March 9, 2007, to, but excluding, the Stated Maturity.
The Company will pay interest on this Senior Note semiannually in arrears on March 15 and September
15 of each year (each an “Interest Payment Date”), commencing on September 15, 2007. Interest not
paid on the scheduled Interest Payment Date will accrue and compound semiannually at the rate borne
by the principal amount of this Senior Note.



     Interest on the Senior Notes shall be computed on the basis of a 360-day year of twelve 30-day
months.



     The Company shall pay interest on overdue principal and on overdue installments of interest
(without regard to any applicable grace periods) from time to time on demand at the rate borne by
the Senior Notes plus 1% per annum to the extent lawful.



2. Ranking.




     The Senior Notes shall constitute the senior debt obligations of the Company and shall rank
equally in right of payment with all other existing and future senior debt obligations of the
Company.



3. Method of Payment.




     Interest on any Senior Note which is payable, and is punctually paid or duly provided for, on
any Interest Payment Date shall be paid to the person in whose name that Senior Note (or one or
more Predecessor Securities) is registered at the close of business on the Regular Record Date for
the payment of such interest. In the event that any date on which interest is payable on the Senior
Notes is not a Business Day, payment of the interest payable on such date will be made on the next
day that is a Business Day (and without any additional interest or other payment in respect of any
such delay), except that, if such Business Day is in the next calendar year, such payment will be
made on the preceding Business Day with the same force and effect as if made on the date such
payment was originally payable.



A-3









 





4. Paying Agent and Security Registrar.




     Initially, The Bank of New York Trust Company, N.A., the Trustee, will act as Paying Agent and
Security Registrar. The Company may change the Paying Agent and Security Registrar without notice
to any Holder. The Company or any of its Subsidiaries may, subject to certain exceptions, act in
any such capacity.



5. Indenture.




     This Senior Note is one of a duly authorized series of the 5.625% Senior Notes due 2017 (the
“Senior Notes”) of Reinsurance Group of America, Incorporated, a Missouri corporation (including
any successor corporation under the Indenture hereinafter referred to, the “Company”), issued under
a Senior Indenture, dated as of December 19, 2001 (the “Base Indenture”), as supplemented by a
Second Supplemental Senior Indenture dated as March 9, 2007 (the “Second Supplemental Senior
Indenture” and, together with the Base Indenture, the “Indenture”), in each case, between the
Company and The Bank of New York Trust Company, N.A., as trustee (the “Trustee”). The terms of
this Senior Note include those stated in the Indenture and those made part of the Indenture by
reference to the Trust Indenture Act of 1939, as amended (“TIA”). This Senior Note is subject to
all such terms, and by acceptance hereof, Holders agree to be bound by all of such terms, as the
same may be amended from time to time. Holders are referred to the Indenture and the TIA for a
statement of all such terms. To the extent permitted by applicable law, in the event of any
inconsistency between the terms of this Senior Note and the terms of the Indenture, the terms of
the Indenture shall control. Capitalized terms used but not defined herein have the meanings
assigned to them in the Indenture referred to below unless otherwise indicated.



6. Optional Right of Redemption.




     (a) The Company may, at its option, redeem the Senior Notes, in whole or in part, at any time
at a Redemption Price equal to the greater of: (a) 100% of the principal amount of the Senior Notes
to be redeemed, and (b) as determined by the Quotation Agent, the sum of the present values of the
remaining scheduled payments of principal and interest thereon (not including any portion of those
payments of interest accrued as of the date of redemption) discounted to the date of redemption on
a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the Adjusted
Treasury Rate plus 20 basis points plus, in each case, accrued interest thereon to the date of
redemption.



     (b) The redemption provisions of Article XIII of the Base Indenture shall apply to the Senior
Notes.



     “Adjusted Treasury Rate” means, with respect to any date of redemption, the rate per annum
equal to the semi-annual equivalent yield to maturity of the Comparable Treasury Issue, assuming a
price for the Comparable Treasury Issue (expressed as a percentage of its principal amount) equal
to the Comparable Treasury Price for that date of redemption.



     “Comparable Treasury Issue” means the United States Treasury security selected by the
Quotation Agent as having a maturity comparable to the remaining term of the Senior Notes to be
redeemed that would be utilized, at the time of selection and in accordance with customary



A-4









 







financial practice, in pricing new issues of corporate debt securities of comparable maturity to
the remaining term of the Senior Notes.



     “Comparable Treasury Price” means, with respect to any date of redemption, (i) the average of
the Reference Treasury Dealer Quotations for the date of redemption, after excluding the highest
and lowest Reference Treasury Dealer Quotations, or (ii) if the Trustee obtains fewer than three
(3) Reference Treasury Dealer Quotations, the average of all such Reference Treasury Dealer
Quotations.



     “Quotation Agent” means one of the Reference Treasury Dealers appointed by the Company.



     “Reference Treasury Dealer” means (i) UBS Securities LLC, Credit Suisse Securities (USA) LLC
and three (3) additional primary U.S. Government securities dealers in New York City (each a
"Primary Treasury Dealer”) selected by the Company and their successors; provided, however, that if
any of them shall cease to be a Primary Treasury Dealer, the Company shall substitute another
Primary Treasury Dealer; and (ii) any other Primary Treasury Dealers selected by the Company.



     “Reference Treasury Dealer Quotations” means, with respect to each Reference Treasury Dealer
and any date of redemption, the average, as determined by the Trustee, after consultation with the
Company, of the bid and asked prices for the Comparable Treasury Issue (expressed in each case as a
percentage of its principal amount) quoted in writing to the Trustee by that Reference Treasury
Dealer at 5:00 p.m., New York City time, on the third business day preceding that date of
redemption.



     Pursuant to Article XIII of the Base Indenture, notice of any redemption will be mailed at
least 30 days but not more than 60 days before the date of redemption to each Holder of the Senior
Notes to be redeemed.



7. No Sinking Fund.




     The Senior Notes will not be subject to a sinking fund provision.



8. Defaults and Remedies.




     The Indenture provides that an Event of Default with respect to the Senior Notes occurs upon
the occurrence of specified events. If an Event of Default shall occur and be continuing, the
principal of all of the Senior Notes may become or be declared due and payable, in the manner, with
the effect provided in the Indenture.



9. Amendment; Supplement; Waiver.




     Subject to certain exceptions, the Indenture or the Senior Notes may be amended or
supplemented with the written consent of the Holders of at least a majority in aggregate principal
amount of the Senior Notes then Outstanding, and any Event of Default or compliance with any
provision may be waived with the consent of the Holders of a majority in aggregate principal amount
of the Senior Notes then Outstanding, except an Event of Default in the payment of



A-5









 







interest or the principal of, any such Senior Note held by a non-consenting Holder, or in
respect of a covenant or provision which cannot be amended or modified without the consent of all
affected Holders. Without notice to or consent of any Holder, the parties to the Indenture may
amend or supplement the Indenture or the Senior Notes to, among other things, cure any ambiguity,
defect or inconsistency, provide for uncertificated Senior Notes in addition to or in place of
certificated Senior Notes, comply with Article Four of the Second Supplemental Senior Indenture,
provide for the assumption of the Company’s obligations to Holders of such Senior Notes, make any
change that would provide any additional rights or benefits to the Holders of the Senior Notes or
that does not materially adversely affect the legal rights under the Indenture of any such Holder,
or add covenants for the benefit of the Holders or to surrender any right or power conferred upon
the Company. Notwithstanding the foregoing, without the consent of each Holder affected, an
amendment or waiver may not (with respect to any Senior Notes held by a non-consenting holder of
Senior Notes) change the Stated Maturity of the principal of, or any installment of interest on,
any Senior Note, reduce the principal amount of, or the rate of interest on, any Senior Note,
change the coin or currency in which the principal amount of any Senior Note or the interest
thereon is payable, impair the right to institute suit for the enforcement of any payment on, or
with respect to, any Senior Note on or after the Stated Maturity of such Senior Note, reduce the
percentage in principal amount of the outstanding Senior Notes, the consent of whose Holders is
required to modify or amend the Indenture, or the consent of whose Holders is required for any
waiver (of compliance with certain provisions of the Indenture or certain defaults hereunder and
their consequences) provided for in the Indenture or modify any of the provisions of the Indenture
relating to waivers of past Events of Default or the rights of Holders of the Senior Notes to
receive payments of principal of or interest on the Senior Notes; or make any change in the
foregoing amendment and waiver provisions.



10. Restrictive Covenants.




     The Indenture imposes certain limitations on the ability of the Company and its Subsidiaries
to, among other things, create certain liens, issue or dispose of stock of Restricted Subsidiaries
and consummate certain mergers and consolidations or sales of all or substantially all of its
assets. The limitations are subject to a number of important qualifications and exceptions.



11. Denomination; Transfer; Exchange.




     The Senior Notes of this series are issuable only in registered form without coupons in
denominations of $2,000 and integral multiples of $1,000. As provided in the Indenture and subject
to certain limitations herein and therein set forth, Senior Notes of this series so issued are
exchangeable for a like aggregate principal amount at maturity of Senior Notes of this series of a
different authorized denomination, as requested by the Holder surrendering the same.



     As provided in the Indenture and subject to certain limitations therein set forth, this Senior
Note is transferable by the registered Holder hereof on the Security Register of the Company, upon
surrender of this Senior Note for registration of transfer at the office or agency of the Trustee
in the City and State of New York accompanied by a written instrument or instruments of transfer in
form satisfactory to the Company or the Trustee duly executed by the registered Holder hereof or
his attorney duly authorized in writing, and thereupon one or more



A-6









 







new Senior Notes of authorized denominations and for the same aggregate principal amount at
maturity will be issued to the designated transferee or transferees. No service charge will be
made for any such transfer, but the Company may require payment of a sum sufficient to cover any
tax or other governmental charge payable in relation thereto.



12. Persons Deemed Owners.




     The registered Holder of this Senior Note shall be treated as its owner for all purposes.



13. Defeasance.




     Subject to certain conditions contained in the Indenture, at any time some or all of the
Company’s obligations under the Senior Notes and the Indenture may be discharged if the Company
deposits with the Trustee money and/or U.S. Government Obligations sufficient to pay the principal
of and interest on the Senior Notes to Stated Maturity.



14. No Recourse Against Others.




     No recourse shall be had for the payment of the principal of or the interest on this Senior
Note, or any part hereof or of the indebtedness represented hereby, or upon any obligation,
covenant or agreement of the Indenture, against any incorporator, shareholder, officer or director,
as such, past, present or future, of the Company (or any incorporator, shareholder, officer or
director of any predecessor or successor corporation), either directly or through the Company (or
of any predecessor or successor corporation), whether by virtue of any constitution, statute or
rule of law, or by the enforcement of any assessment or penalty or otherwise, all such liability
being, by the acceptance hereof and as part of the consideration for the issuance hereof, expressly
waived and released; provided, however, that nothing herein shall be taken to prevent recourse to
and the enforcement of the liability, if any, of any shareholder or subscriber to capital stock
upon or in respect of the shares of capital stock not fully paid.



15. CUSIP Numbers.




     The Company may cause CUSIP numbers to be printed on the Senior Notes as a convenience to
Holders. No representation is made as to the accuracy of such numbers, and reliance may be placed
only on the other identification numbers printed hereon.



16. Authentication.




     This Senior Note shall not be valid until the Trustee (or authenticating agent) executes the
certificate of authentication on the other side of this Senior Note.



17. Governing Law.




     The Indenture and this Senior Note shall be governed by, and construed in accordance with, the
laws of the State of New York.



A-7









 





SCHEDULE OF INCREASES OR DECREASES IN GLOBAL SENIOR NOTE*




     The initial aggregate principal amount of the Senior Notes is $300,000,000. The following
increases or decreases in this Global Senior Note have been made:



	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Principal Amount of	 	 
	 	 	Amount of decrease	 	Amount of increase	 	Senior Notes	 	 
	 	 	in Principal Amount	 	in Principal Amount	 	evidenced by this	 	Signature of
	 	 	of Senior Notes	 	of Senior Notes	 	Global Senior Note	 	authorized officer of
	 	 	evidenced by this	 	evidenced by this	 	following such	 	Trustee or Securities
	Date of Exchange	 	Global Senior Note	 	Global Senior Note	 	decrease or increase	 	Custodian
	 
	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 
	 







 




			
	*	 	Insert if Senior Notes are in global form.






A-8