EX-4.1 SUPPLEMENTAL INDENTURE



 







Exhibit
4.1




SUPPLEMENTAL INDENTURE

 





INVESCO PLC

A I M ADVISORS, INC.

A I M MANAGEMENT GROUP INC.

INVESCO INSTITUTIONAL (N.A.), INC.

INVESCO NORTH AMERICAN HOLDINGS, INC.

INVESCO LTD.




4.500% SENIOR NOTES DUE 2009




 






SUPPLEMENTAL INDENTURE NO. 1

DATED AS OF NOVEMBER 27, 2007

 






U.S. Bank National Association, as Successor Trustee to SunTrust Bank,

AS TRUSTEE




 





 









 





SUPPLEMENTAL INDENTURE NO. 1




     SUPPLEMENTAL INDENTURE, dated as of November 27, 2007, among INVESCO PLC, a public limited
company organized under the laws of England and Wales, and formerly known as AMVESCAP PLC (the
“Company”), A I M Advisors, Inc., A I M Management Group Inc., INVESCO Institutional (N.A.), Inc.,
and INVESCO North American Holdings, Inc. (collectively, the “Original Guarantors”), Invesco Ltd.,
a Bermuda corporation (the “New Guarantor”), and U.S. Bank National Association, as Successor
Trustee to SunTrust Bank (the “Trustee”).



     WHEREAS, the Company, the Original Guarantors and the Trustee are parties to an Indenture,
dated as of December 14, 2004 (the “Indenture”), pursuant to which the Company issued its 4.500%
Senior Notes due 2009;



     WHEREAS, the Board of Directors of each of the Company and the New Guarantor has determined
that it is in the best interests of the Company and the New Guarantor to authorize and approve
amendments contained herein (the “Amendments”) to the Indenture;



     WHEREAS, each of the Original Guarantors has duly authorized the execution and delivery of
this instrument;



     WHEREAS, pursuant to Section 9.01 of the Indenture, the Trustee and the Company are authorized
to execute and deliver a Supplemental Indenture to add any Guarantor of the Securities;



     WHEREAS, Section 9.02 of the Indenture provides that the Company and the Trustee may amend the
Indenture and the Securities with the written consent of the Holders of not less than a majority in
aggregate principal amount of the Securities then Outstanding;



     WHEREAS, the Company has distributed a Consent Solicitation Statement, dated October 22, 2007
(the “Solicitation Statement”), and accompanying Consent Form to the Holders of the Securities in
connection with the Reorganization (as defined below) and the Proposed Amendments to the provisions
of the Indenture, each as described in the Solicitation Statement;



     WHEREAS, the Holders of not less than a majority in aggregate principal amount of the
Securities Outstanding have approved the Reorganization and the Proposed Amendments; and



     WHEREAS, the execution and delivery of this instrument have been duly authorized and all
conditions and requirements necessary to make this instrument a valid and binding agreement have
been duly performed and complied with.



     NOW, THEREFORE, for and in consideration of the premises and other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, it is mutually
covenanted and agreed, for the equal proportionate benefit of all Holders of the Securities, as
follows:



1









 





     1. Defined Terms. Capitalized terms used but not defined herein shall have the
meanings ascribed to them in the Indenture.



     2. Addition of New Guarantor.



     (a) The definition of “Guarantor” in Section 1.01 of the Indenture is hereby amended by
inserting the words “Invesco Ltd., a Bermuda exempted company, and” at the beginning of clause (a)
thereof.



     (b) Execution of this Supplemental Indenture shall evidence the Guarantee provided by the New
Guarantor as fully as if endorsed on the Securities and the New Guarantor agrees to be obligated
pursuant to Article XIII of the Indenture. Notwithstanding the provisions of Section 13.03 of the
Indenture, (i) the existing Securities shall not be required to be endorsed with the Guarantee
provided by the New Guarantor, (ii) the validity and enforceability of such Guarantee shall not be
affected by the fact that it is not affixed to any particular Security and (iii) the New Guarantor
hereby agrees that its Guarantee shall remain in full force and effect notwithstanding any failure
to endorse on the Securities a notation of its Guarantee.



     3. Compliance with Rule 3-10 of Regulation S-X. The Guarantee provided by the New
Guarantor shall be interpreted in such a manner that such guarantee will be “full and
unconditional” as those words are used in Rule 3-10 of Regulation S-X of the Securities and
Exchange Commission, as currently in effect, and Holders shall automatically have any additional
rights and remedies against the New Guarantor that may be necessary to yield that result.



     4. Amendment of Section 10.07. Section 10.07 of the Indenture is hereby amended by
inserting the following paragraph at the end thereof:




“(f) Notwithstanding anything to the contrary contained in this Section
10.07, the timely filing of the reports specified in Sections 13 and 15(d)
of the Exchange Act by an entity that is the direct or indirect parent of
the Company will satisfy the requirements of paragraphs (b) and (c) of this
Section 10.07 so long as such entity is an obligor or guarantor on the
Securities; the reports of such entity will not be required to include
condensed consolidating financial information in a footnote to the financial
statements of such entity, except as may otherwise be required by applicable
law.”



     5. Conditions Precedent. It shall be a condition precedent to (i) the Company’s
ability to take the actions contemplated by this Supplemental Indenture and (ii) the New
Guarantor’s obligations hereunder, that the Scheme of Arrangement (the “Redomicile”) under section
425 of the UK Companies Act of 1985, as amended, as described in the Company’s proxy statement
filed with the Commission on October 22, 2007 and the Solicitation Statement, whereby the Company
becomes a wholly-owned subsidiary of the New Guarantor and the shareholders of the Company will
become shareholders of the New Guarantor, be implemented.



     6. Evidence of Approval. In connection with the Redomicile, and as described in the
Solicitation Statement, the Company intends to effect an intragroup reorganization pursuant to



2









 







which (i) certain reserves of the Company will be capitalized and then cancelled pursuant to a
court approved reduction of capital and (ii) certain subsidiaries of the Company carrying on
business primarily in the European Union will subsequently be distributed by the Company to the New
Guarantor (the “Reorganization”). The execution of this Supplemental Indenture by the Company and
the New Guarantor serves as evidence of the approval by the Holders of the Reorganization and this
Supplemental Indenture may be provided to the UK High Court as part of the evidence to be
considered by the UK High Court when determining whether to confirm the reduction of capital
relating to the Reorganization.



     7. Effectiveness. On the date hereof, the Indenture shall be supplemented and amended
in accordance herewith, this Supplemental Indenture shall form a part of the Indenture for all
purposes and the Holder of Securities heretofore or hereafter authenticated and delivered under the
Indenture shall be bound thereby. The Trustee accepts the trusts created by the Indenture, as
amended and supplemented by this Supplemental Indenture, and agrees to perform the same upon the
terms and conditions of the Indenture, as amended and supplemented by this Supplemental Indenture.
This 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. This
Supplemental Indenture shall become effective as of the date hereof at such time as executed
counterparts of this Supplemental Indenture have been delivered by each party hereto to the other
party hereto. The Company shall provide evidence to the Trustee regarding notice of this
Supplemental Indenture being given to the Holders.



     8. Ratification of Indenture; Supplemental Indenture Part of Indenture. Each of the
Company and the Trustee hereby confirms and reaffirms the Indenture in every particular except as
amended and supplemented by this Supplemental Indenture. Except as supplemented and amended
hereby, all provisions in the Indenture shall remain in full force and effect. All provisions of
this Supplemental Indenture shall be deemed to be incorporated in, and made a part of, the
Indenture; and the Indenture, as amended and supplemented by this Supplemental Indenture, shall be
read, taken and construed as one and the same instrument and all provisions in the Indenture and
the Securities shall remain in full force and effect.



     9. Successors and Assigns. All covenants and agreements in this Supplemental
Indenture by the Company, the New Guarantor or the Trustee shall bind their respective successors
and assigns, whether so expressed or not.



     10. Benefits of Indenture. Nothing in this Supplemental Indenture, express or
implied, shall give to any Person, other than the parties hereto and their successors under the
Indenture and hereunder and the Holders of the Securities, any benefit or any legal or equitable
right, remedy or claim under the Indenture or this Supplemental Indenture.



     11. Trustee Makes No Representation. The recitals herein shall be taken as the
statements of the Company and the Guarantors, including, without limitation, the New Guarantor, and
the Trustee assumes no responsibility for their correctness. The Trustee makes no representation
as to the validity or sufficiency of this Supplemental Indenture.



     12. Governing Law. This Supplemental Indenture shall be governed by, and construed in
accordance with, the laws of the State of New York (without regard to applicable



3









 







principles of conflicts of law thereof that would require the application of the law of any
other state).



     13. Effect of Headings. The Section headings herein are for convenience only and
shall not effect the construction hereof.



     14. TIA. If any provision of this Supplemental Indenture limits, qualifies or
conflicts with any provision of the Trust Indenture Act of 1939 (the “TIA”) that is required under
the TIA to be part of and govern any provision of this Supplemental Indenture, such provision of
the TIA shall control. If any provision of this Supplemental Indenture modifies or excludes any
provision of the TIA that may be so modified or excluded, the provision of the TIA shall be deemed
to apply to the Indenture as so modified or to be excluded by this Supplemental Indenture, as the
case may be.



4









 





     IN WITNESS WHEREOF, the parties have caused this Supplemental Indenture to be duly executed as
of the date first written above.



	 	 	 	 	 
	 	

INVESCO PLC

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	 	INVESCO LTD.

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	 	A I M MANAGEMENT GROUP INC.

 	 
	 	By:  	



 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	 	A I M ADVISORS,
INC.

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	 	INVESCO INSTITUTIONAL (N.A.), INC.

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	 	INVESCO NORTH AMERICAN HOLDINGS, INC.

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 



5









 






	 	 	 	 	 



	 	 	 	 	 
	 	 	U.S. BANK NATIONAL ASSOCIATION

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 




6