exv4wbwiwvi






Exhibit 4.b.i(vi)




RESOLUTIONS OF THE PRICING COMMITTEE

OF THE BOARD OF DIRECTORS OF

MASCO CORPORATION

March 5, 2010




     WHEREAS, Masco Corporation, a Delaware corporation (the “Company”) the Company has filed a
Registration Statement (No. 333-165047) on Form S-3 with the Securities and Exchange Commission,
which is in effect;



     WHEREAS, the Company desires to create a series of securities under the Indenture dated as of
February 12, 2001, as supplemented by the Supplemental Indenture dated as of November 30, 2006 (the
“Indenture”), with The Bank of New York Mellon Trust Company, N.A. (as successor trustee under
agreement originally with Bank One Trust Company, National Association) (the “Trustee”), providing
for the issuance from time to time of unsecured debentures, notes or other evidences of
indebtedness of this Company (“Securities”) in one or more series under such Indenture; and



     WHEREAS, capitalized terms used in these resolutions and not otherwise defined are used with
the same meaning ascribed to such terms in the Indenture;



     THEREFORE, BE IT RESOLVED, that there is established a series of Securities under the
Indenture, the terms of which shall be as follows:




	1.	 	Such Securities shall be designated as the “7.125% Notes Due 2020.”






	2.	 	The aggregate principal amount of such Securities which may be authenticated and
delivered under the Indenture is limited to Five Hundred Million Dollars ($500,000,000),
except for such Securities authenticated and delivered upon registration of, transfer of, or
in exchange for, or in lieu of, other Securities of the same series pursuant to Sections 3.04,
3.05, 3.06, 9.06 or 11.07 of the Indenture.






	3.	 	The date on which the principal of such Securities shall be payable is March 15, 2020.
Such Securities are not subject to any sinking fund.






	4.	 	Such Securities shall bear interest from March 10, 2010 at the rate of 7.125% per annum,
payable semi-annually in arrears on March 15 and September 15 of each year commencing on
September 15, 2010 until the principal there of is paid or made available for payment. The
March 1 and September 1 (whether or not a business day), as the case may be, next preceding
each such interest payment date shall be the “record date” for the determination of holders to
whom interest is payable.




 









 












	5.	 	Such Securities shall be issued initially in the form of global securities registered in
the name of Cede & Co.; as nominee of The Depository Trust Company (“DTC”), and will be held
by the Trustee as custodian for DTC. Such Securities shall be subject to the procedures of
DTC and will not be issued in definitive registered form.






	6.	 	The principal of and interest on such Securities shall be payable at the office or agency
of this Company maintained for such purpose in Chicago, Illinois or at any other office or
agency designated by the Company for such purpose pursuant to the Indenture.






	7.	 	Such Securities shall be subject to redemption in whole or in part prior to maturity, at
the Company’s option, at a redemption price established in accordance with current market
practice, substantially as follows: the redemption price shall be equal to the greater of (i)
100% of the principal amount of the Securities to be redeemed plus accrued interest to the
redemption date, or (ii) the sum of the present values of the remaining principal amount and
scheduled payments of interest on such Securities to be redeemed (other than accrued interest
to the redemption date), discounted to the redemption date on a semi-annual basis at the
appropriate treasury rate plus 50 basis points plus accrued interest to the redemption date.






	8.	 	Such Securities shall be issuable in denominations of Two Thousand Dollars ($2,000) and
integral multiples of One Thousand Dollars ($1,000) above that amount.






	9.	 	Such Securities shall be issuable at a price such that this Company shall receive
$494,990,000 Dollars ($494,990,000) after an underwriting discount of Five Million Dollars
($5,000,000).






	10.	 	Such Securities shall be subject to Defeasance and discharge pursuant to Section 4.02 of
the Indenture and to Covenant Defeasance pursuant to Section 10.06 of the Indenture with
respect to any term, provision or condition set forth in any negative or restrictive covenant
of the Company applicable to such Securities.






	11.	 	Such Securities shall be subject to the following change of control repurchase event.





     If a Change of Control Repurchase Event occurs, unless the Company has exercised its right to
redeem the Securities by giving notice of such redemption to the Holders of the Securities, the
Company will make an offer to each holder of Securities to repurchase all or any part (in integral
multiples of $1,000) of that holders’ Securities at a repurchase price in cash equal to 101% of
the aggregate principal amount of Securities repurchased plus any accrued and unpaid interest



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on the Securities repurchased to the date of purchase. Within 30 days following any Change of
Control Repurchase Event or, at the Company’s option, prior to any Change of Control, but after the
public announcement of the Change of Control, the Company will mail a notice to each holder, with a
copy to the Trustee, describing the transaction or transactions that constitute or may constitute
the Change of Control Repurchase Event and offering to repurchase Securities on the payment date
specified in the notice, which date will be no earlier than 30 days and no later than 60 days from
the date such notice is mailed. The notice shall, if mailed prior to the date of consummation of
the Change of Control, state that the offer to purchase is conditioned on the Change of Control
Repurchase Event occurring on or prior to the payment date specified in the notice. The Company
will comply with the requirements of Rule 14e-1 under the Securities Exchange Act of 1934, as
amended (the “Exchange Act”), and any other securities laws and regulations thereunder to the
extent those laws and regulations are applicable in connection with the repurchase of the
Securities as a result of a Change of Control Repurchase Event. To the extent that the provisions
of any securities laws or regulations conflict with the Change of Control Repurchase Event
provisions of the Securities, the Company will comply with the applicable securities laws and
regulations and will not be deemed to have breached its obligations under the Change of Control
Repurchase Event provisions of the Securities by virtue of such conflict.




     On the Change of Control Repurchase Event payment date, the Company will, to the extent
lawful:




	1.	 	accept for payment all Securities or portions of Securities properly tendered pursuant to
the Company’s offer;






	2.	 	deposit with the paying agent an amount equal to the aggregate purchase price in respect
of all Securities or portions of Securities properly tendered; and






	3.	 	deliver or cause to be delivered to the Trustee the Securities properly accepted,
together with an officers’ certificate stating the aggregate principal amount of Securities
being purchased by the Company.





     The paying agent will promptly mail to each holder of Securities properly tendered the
purchase price for the Securities, and the Trustee will promptly authenticate and mail (or cause to
be transferred by book-entry) to each holder a new Security equal in principal amount to any
unpurchased portion of any Securities surrendered; provided that each new Security will be in a
principal amount of $2,000 or an integral multiple of $1,000 in excess thereof.



     The Company will not be required to make an offer to repurchase the Securities upon a Change
of Control Repurchase Event if a third party makes an offer in the manner, at the times and
otherwise in compliance with the



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requirements for an offer made by the Company and such third party purchases all Securities
properly tendered and not withdrawn under it offer.




     “Below Investment Grade Rating Event” means the Securities are rated below investment grade by
both Rating Agencies on any date from the date of the public notice of an arrangement that could
result in a Change of Control until the end of the 60-day period following public notice of the
occurrence of a Change of Control (which period shall be extended so long as the rating of the
Securities is under publicly announced consideration for possible downgrade by either of the Rating
Agencies); provided that a Below Investment Grade Rating Event otherwise arising by virtue of a
particular reduction in rating shall not be deemed to have occurred in respect of a particular
Change of Control (and thus shall not be deemed a Below Investment Grade Rating Event for purposes
of the definition of Change of Control Repurchase Event hereunder) if the rating agencies making
the reduction in rating to which this definition would otherwise apply do not announce or publicly
confirm or inform the Trustee in writing at the Company’s request that the reduction was the
result, in whole or in part, of any event or circumstance comprised of or arising as a result of,
or in respect of, the applicable Change of Control (whether or not the applicable Change of Control
shall have occurred at the time of the Below Investment Grade Rating Event).



     “Change of Control” means the consummation of any transaction (including, without limitation,
any merger or consolidation) the result of which is that any “person” (as that term is used in
Section 13(d)(3) of the Exchange Act), becomes the beneficial owner, directly or indirectly, of
more than 50% of the Company’s voting stock, measured by voting power rather than number of shares.



     “Change of Control Repurchase Event” means the occurrence of both a Change of Control and a
Below Investment Grade Rating Event.



     “Investment Grade” means a rating of Baa3 or better by Moody’s (or its equivalent under any
successor rating categories of Moody’s); a rating of BBB-or better by S&P (or its equivalent under
any successor rating categories of S&P); and the equivalent investment grade credit rating from any
additional rating agency or rating agencies selected by the Company.



     “Moody’s” means Moody’s Investors Service Inc.



     “Rating Agency” means (1) each of Moody’s and S&P; and (2) if either of Moody’s or S&P ceases
to rate the Securities or fails to make a rating of the Securities publicly available for reasons
outside of the Company’s control, a “nationally recognized statistical rating organization” within
the meaning of Rule 15c3-1 (c )(2)(vi)(F) under the Exchange Act, selected by the Company (as
certified by a resolution of the Board of Directors) as a replacement agency for Moody’s or S&P, or
both, as the case may be.



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     “S&P” means Standard & Poor’s Ratings Services, a division of The McGrawHill Companies, Inc.



     “Voting Stock” of any specified “person” (as that term is used in Section 13( d)(3) of the
Exchange Act) as of any date means the capital stock of such person that is at the time entitled to
vote generally in the election of the board of directors of such person.



     FURTHER RESOLVED, that such Securities are declared to be issued under the Indenture and
subject to the provisions hereof;



     FURTHER RESOLVED, that the Chairman of the Board, the President or any Vice President of the
Company is authorized to execute, on the Company’s behalf and in its name, and the Secretary or any
Assistant Secretary of the Company is authorized to attest to such execution and under the
Company’s seal (which may be in the form of a facsimile of the Company’s seal), $500,000,000
aggregate principal amount of the Securities authorized hereby (and in addition, Securities to
replace lost, stolen, mutilated or destroyed Securities and Securities required for exchange,
substitution or transfer, all as provided in the Indenture) and to deliver such Securities to the
Trustee for authentication, and the Trustee is authorized and directed thereupon to authenticate
and deliver the same to or upon the written order of this Company as provided in the Indenture;



     FURTHER RESOLVED, that the signatures of the Company officers so authorized to execute such
Securities may be the manual or facsimile signatures of the present or any future authorized
officers and may be imprinted or otherwise reproduced thereon, and the Company for such purpose
adopts each facsimile signature as binding upon it notwithstanding the fact that at the time the
respective Securities shall be authenticated and delivered or disposed of, the individual so
signing shall have ceased to hold such office;



     FURTHER RESOLVED, that Banc of America Securities LLC, Citigroup Global Markets Inc. and J.P.
Morgan Securities Inc. are appointed joint bookrunning managers of the underwriters for the
issuance and sale of the Securities authorized hereby, and the Chairman of the Board, the President
or any Vice President of the Company is authorized, in the Company’s name and on its behalf, to
execute and deliver an Underwriting Agreement with the underwriters, relating to the offering and
sale of the Securities authorized hereby;



     FURTHER RESOLVED, that The Bank of New York Mellon Trust Company, N.A., the Trustee under the
Indenture, is appointed trustee for the Securities authorized hereby, and as Agent of this Company
for the purpose of effecting the registration, transfer and exchange of such Securities as provided
in the Indenture, and the corporate trust office of The Bank of New York Mellon Trust Company,
N.A., in Chicago, Illinois is designated pursuant to the Indenture as the office or agency of the
Company where such Securities may be presented



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for registration, transfer and exchange and where notices and demands to or upon this Company
in respect of the Securities and the Indenture may be served;




     FURTHER RESOLVED, that The Bank of New York Mellon Trust Company, N.A. is appointed Paying
Agent of this Company for the payment of interest on and principal of the Securities authorized
hereby and the corporate trust office of The Bank of New York Mellon Trust Company, N. A. in
Chicago, Illinois, is designated, pursuant to the Indenture, as the office or agency of the Company
where Securities may be presented for payment; and



     FURTHER RESOLVED, that each of the Company’s officers is authorized and directed, on behalf of
the Company and in its name, to do or cause to be done everything such officer deems advisable to
effect the sale and delivery of the Securities authorized hereby pursuant to the Underwriting
Agreement and otherwise to carry out the Company’s obligations under the Underwriting Agreement,
and to do or cause to be done everything and to execute and deliver all documents as such officer
deems advisable in connection with the execution and delivery of the Underwriting Agreement and the
execution, authentication and delivery of such Securities (including, without limiting the
generality of the foregoing, delivery to the Trustee of the Securities for authentication and of
requests or orders for the authentication and delivery of Securities).



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     UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST
COMPANY, 55 WATER STREET, NEW YORK, NEW YORK (THE “DEPOSITARY”), TO MASCO CORPORATION OR ITS AGENT
FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE
NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF THE
DEPOSITARY (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN
AUTHORIZED REPRESENTATIVE OF THE DEPOSITARY), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR
OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS
AN INTEREST HEREIN.



MASCO CORPORATION




7.125% Note Due 2020



	 	 	 	 	 

	CUSIP No. 574599 BGO
	 	$	500,000,000	 
	 
	No. R-1
	 	 	 	 






     Masco Corporation, a corporation duly organized and existing under the laws of Delaware
(herein called the “Company,” which term includes any successor corporation under the Indenture
hereinafter referred to), for value received, hereby promises to pay to CEDE & CO. or registered
assigns, the principal sum of Five Hundred Million Dollars on March 15, 2020, and to pay interest
thereon from March 10, 2010 or from the most recent Interest Payment Date to which interest has
been paid or duly provided for, semi-annually on September 15 and March 15 in each year, commencing
September 15, 2010, at the rate of 7.125% per annum, until the principal hereof is paid or made
available for payment. The interest so payable, and punctually paid or duly provided for, on any
Interest Payment Date will, as provided in such Indenture, be paid to the Person in whose name this
Security (or one or more Predecessor Securities) is registered at the close of business on the
Regular Record Date for such interest, which shall be the March 1 or September 1 (whether or not a
Business Day), as the case may be, next preceding such Interest Payment Date; provided, however,
that interest payable at final maturity will be payable to the person to whom the principal hereof
will be payable. Any such interest not so punctually paid or duly provided for will forthwith
cease to be payable to the Holder on such Regular Record Date and may either be paid to the Person
in whose name this Security (or one or more Predecessor Securities) is registered at the close of
business on a Special Record Date for the payment of such Defaulted Interest to be fixed by the
Trustee, notice whereof shall be given to Holders of Securities of this series not



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less than 10 days prior to such Special Record Date, or be paid at any time in any other
lawful manner not inconsistent with the requirements of any securities exchange on which the
Securities of this series may be listed, and upon such notice as may be required by such exchange,
all as more fully provided in said Indenture. Interest on the Securities of this series shall be
computed on the basis of a 360-day year consisting of twelve 30-day months.




     Payment of the principal of (and premium, if any) and any such interest on this Security will
be made at the office or agency of the Company maintained for that purpose, 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; provided, however, that at the option of the Company payment of interest
may be made by check mailed to the address of the Person entitled thereto as such address shall
appear in the Security Register.



     The Securities of this series will constitute part of the Company’s senior debt and will rank
on a parity with all of its other unsecured and unsubordinated debt.



     Reference is hereby made to the further provisions of this Security set forth on the reverse
hereof, which further provisions shall for all purposes have the same effect as if set forth at
this place.



     Unless the certificate of authentication hereon has been executed by the Trustee referred to
on the reverse hereof by manual signature, this Security shall not be entitled to any benefit under
the Indenture or be valid or obligatory for any purpose.



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     IN WITNESS WHEREOF, the Company has caused this instrument to be duly executed under its
corporate seal.


Dated: March 10, 2010




	 	 	 	 	 
	 	MASCO CORPORATION

 	 
	 	By:  	/s/ John G. Sznewajs
 	 
	 	 	John G. Sznewajs 	 
	 	 	Vice President, Treasurer and

Chief Financial Officer 	 



	 	 	 	 	 
	 	 
	Attest:  	/s/ Gregory D. Wittrock
 	 
	 	Gregory D. Wittrock 	 
	 	Vice President, General Counsel

and Secretary 	 



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FORM OF TRUSTEE’S CERTIFICATE OF AUTHENTICATION





     This is one of the Securities of the series designated therein referred to in the
within-mentioned Indenture.


Date of Authentication: March 10, 2010




	 	 	 	 	 
	 	The Bank of New York Mellon Trust

Company, N.A.

 	 
	 	By:  	 	 
	 	 	Authorized Signatory 	 



10









 






	 	 	 	 	 



REVERSE OF SECURITY





     This Security is one of a duly authorized issue of securities of the Company (herein called
the “Securities”), issued and to be issued in one or more series under an Indenture, dated as of
February 12, 2001 as supplemented by the Supplemental Indenture dated as of November 30, 2006
(herein called the “Indenture”), between the Company and The Bank of New York Mellon Trust Company,
N.A. (as successor to Bank One Trust Company, National Association), as Trustee (herein called the
 “Trustee,” which term includes any successor trustee under the Indenture), to which Indenture and
all indentures supplemental thereto reference is hereby made for a statement of the respective
rights, limitations of rights, duties and immunities thereunder of the Company, the Trustee and the
Holders of the Securities and of the terms upon which the Securities are, and are to be,
authenticated and delivered. This Security is one of the series designated on the face hereof,
initially limited in aggregate principal amount to $500,000,000.



     The Securities of this series will be redeemable at the option of the Company, in whole at any
time or in part from time to time (each, a “Redemption Date”) at a redemption price (the
 “Redemption Price”) equal to the greater of (i) 100% of the principal amount of the Securities of
this series to be redeemed plus accrued and unpaid interest thereon to the Redemption Date and (ii)
the sum, as determined by the Independent Investment Banker, of the present values of the principal
amount and the remaining scheduled payments of interest on the Securities of this series to be
redeemed (exclusive of interest accrued to such Redemption Date), discounted from the scheduled
payment dates to the Redemption Date on a semi-annual basis (assuming a 360-day year consisting of
twelve 30-day months) at the Treasury Rate plus 50 basis points plus accrued but unpaid interest
thereon to the Redemption Date. Notwithstanding the foregoing, installments of interest on
Securities of this series that are due and payable on an Interest Payment Date falling on or prior
to the relevant Redemption Date will be payable to the Holders of such Securities registered as
such at the close of business on the relevant record date according to their terms and the
provisions of the Indenture. Notwithstanding Section 11.04 of the Indenture, notice of any such
redemption need not set forth the Redemption Price but only the manner of calculation thereof. The
Company shall give the Trustee notice of the Redemption Price promptly after the determination
thereof and the Trustee shall have no responsibility for determining the Redemption Price.



     If a Change of Control Repurchase Event occurs, unless the Company has exercised its right to
redeem the Securities of this series by giving notice of such redemption to the Holders of the
Securities of this series pursuant to Section 11.04 of the Indenture, the Company will make an
offer to the Holders of Securities of this series to repurchase all or any part (in integral
multiples of $1,000) of such Securities at a repurchase price in cash equal to 101% of the
aggregate principal



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amount of Securities of this series repurchased plus any accrued and unpaid interest on the
Securities of this series repurchased to the date of purchase. Within 30 days following any Change
of Control Repurchase Event or, at the Company’s option, prior to any Change of Control, but after
the public announcement of the Change of Control, the Company will mail a notice to each Holder of
the Securities of this series, with a copy to the Trustee, describing the transaction or
transactions that constitute or may constitute the Change of Control Repurchase Event and offering
to repurchase Securities of this series on the Payment Date specified in the notice, which date
will be no earlier than 30 days and no later than 60 days from the date such notice is mailed. The
notice shall, if mailed prior to the date of consummation of the Change of Control, state that the
offer to purchase is conditioned on the Change of Control Repurchase Event occurring on or prior to
the Payment Date specified in the notice. The Company will comply with the requirements of Rule
14e-1 under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and any other
securities laws and regulations thereunder to the extent those laws and regulations are applicable
in connection with the repurchase of the Securities of this series as a result of a Change of
Control Repurchase Event. To the extent that the provisions of any securities laws or regulations
conflict with the Change of Control Repurchase Event provisions of the Securities of this series,
the Company will comply with the applicable securities laws and regulations and will not be deemed
to have breached its obligations under the Change of Control Repurchase Event provisions of the
Securities of this series by virtue of such conflict.




     On the Change of Control Repurchase Event Payment Date, the Company will, to the extent
lawful:




	 	1.	 	accept for payment all Securities of this series or portions of
Securities of this series properly tendered pursuant to the Company’s offer;






	 	2.	 	deposit with the Paying Agent an amount equal to the aggregate purchase
price in respect of all Securities of this series or portions of Securities of this
series properly tendered; and






	 	3.	 	deliver or cause to be delivered to the Trustee the Securities of this
series properly accepted, together with an Officers’ Certificate stating the
aggregate principal amount of Securities of this series being purchased by the
Company.





     The Paying Agent will promptly mail to each Holder of Securities of this series properly
tendered the purchase price for the Securities of this series, and the Trustee will promptly
authenticate and mail (or cause to be transferred by book-entry) to each Holder a new Security of
this series equal in principal amount to any unpurchased portion of any Securities of this series
surrendered; provided that



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each new Security of this series will be in a principal amount of $2,000 or an integral
multiple of $1,000 in excess thereof.




     The Company will not be required to make an offer to repurchase the Securities of this series
upon a Change of Control Repurchase Event if a third party makes such an offer in the manner, at
the times and otherwise in compliance with the requirements for an offer made by the Company and
such third party purchases all Securities of this series properly tendered and not withdrawn under
its offer.



      “Below Investment Grade Rating Event” means the Securities of this series are rated below
investment grade by both Rating Agencies on any date from the date of the public notice of an
arrangement that could result in a Change of Control until the end of the 60-day period following
public notice of the occurrence of a Change of Control (which period shall be extended so long as
the rating of the Securities of this series is under publicly announced consideration for possible
downgrade by either of the rating agencies); provided that a Below Investment Grade Rating Event
otherwise arising by virtue of a particular reduction in rating shall not be deemed to have
occurred in respect of a particular Change of Control (and thus shall not be deemed a Below
Investment Grade Rating Event for purposes of the definition of Change of Control Repurchase Event
hereunder) if the Rating Agencies making the reduction in rating to which this definition would
otherwise apply do not announce or publicly confirm or inform the Trustee in writing at the request
of the Company that the reduction was the result, in whole or in part, of any event or circumstance
comprised of or arising as a result of, or in respect of, the applicable Change of Control (whether
or not the applicable Change of Control shall have occurred at the time of the Below Investment
Grade Rating Event).



      “Change of Control” means the consummation of any transaction (including, without limitation,
any merger or consolidation) the result of which is that any “person” (as that term is used in
Section 13(d)(3) of the Exchange Act), becomes the beneficial owner, directly or indirectly, of
more than 50% of the Company’s voting stock, measured by voting power rather than number of shares.



      “Change of Control Repurchase Event” means the occurrence of both a Change of Control and a
Below Investment Grade Rating Event.



      “Comparable Treasury Issue” means the United States Treasury security selected by the
Independent Investment Banker as having a maturity comparable to the remaining term of the
Securities of this series 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 Securities of this series to be redeemed.



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      “Comparable Treasury Price” means, with respect to any Redemption Date, the average of the
Reference Treasury Dealer Quotations for such Redemption Date, after excluding the highest and
lowest such Reference Treasury Dealer Quotations, or if the Independent Investment Banker obtains
fewer than five such Reference Treasury Dealer Quotations, the average of all such Reference
Treasury Dealer Quotations.



      “Independent Investment Banker” means one of the Reference Treasury Dealers appointed by the
Company.



      “Investment Grade” means a rating of Baa3 or better by Moody’s (or its equivalent under any
successor rating categories of Moody’s); a rating of BBB- or better by S&P (or its equivalent under
any successor rating categories of S&P); and the equivalent investment grade credit rating from any
additional Rating Agency or Rating Agencies selected by the Company.



      “Moody’s” means Moody’s Investors Service Inc.



      “Paying Agent” means The Bank of New York Mellon Trust Company, N.A.



      “Rating Agency” means (1) each of Moody’s and S&P; and (2) if either of Moody’s or S&P ceases
to rate the Securities of this series or fails to make a rating of the Securities of this series
publicly available for reasons outside of the Company’s control, a “nationally recognized
statistical rating organization” within the meaning of Rule 15c3-1(c)(2)(vi)(F) under the Exchange
Act, selected by the Company (as certified by a resolution of the Company’s board of directors) as
a replacement agency for Moody’s or S&P, or both, as the case may be.



      “Reference Treasury Dealer” means (a) each of Banc of America Securities LLC, Citigroup Global
Markets Inc., J.P. Morgan Securities Inc. and their respective successors, unless any of them
ceases to be a primary U.S. Government securities dealer in New York City (a “Primary Treasury
Dealer”), in which case the Company shall substitute another Primary Treasury Dealer; and (b) any
other Primary Treasury Dealers selected by the Company.



      “Reference Treasury Dealer Quotations” means, with respect to each Reference Treasury Dealer
and any Redemption Date for the Securities of this series, the average, as determined by the
Independent Investment Banker, 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
Independent Investment Banker by such Reference Treasury Dealer at 5:00 p.m. New York City time, on
the third Business Day preceding such Redemption Date.



      “S&P” means Standard & Poor’s Ratings Services, a division of The McGraw-Hill Companies, Inc.



14









 





      “Treasury Rate” means, with respect to any Redemption Date, the rate per annum equal to the
semi-annual equivalent yield to maturity of the Comparable Treasury Issue, calculated on the third
Business Day preceding such Redemption Date using a price for the Comparable Treasury Issue
(expressed as a percentage of its principal amount) equal to the Comparable Treasury price for such
Redemption Date.



      “Voting Stock” of any specified “person” (as that term is used in Section 13(d)(3) of the
Exchange Act) as of any date means the capital stock of such person that is at the time entitled to
vote generally in the election of the board of directors of such person.



     This Security will be subject to defeasance and discharge and to defeasance of certain
obligations as set forth in the Indenture.



     The Indenture permits, with certain exceptions as therein provided, the amendment thereof and
the modification of the rights and obligations of the Company and the rights of the Holders of the
Securities of each series to be affected under the Indenture at any time by the Company and the
Trustee with the consent of the Holders of a majority in principal amount of the Securities at the
time Outstanding of each series to be affected. The Indenture also contains provisions permitting
the Holders of specified percentages in principal amount of the Securities of each series at the
time Outstanding, on behalf of the Holders of all Securities of such series, to waive certain past
defaults under the Indenture and their consequences. Any such consent or waiver by the Holder of
this Security shall be conclusive and binding upon such Holder and upon all future Holders of this
Security and of any Security issued upon the registration of transfer hereof or in exchange herefor
or in lieu hereof, whether or not notation of such consent or waiver is made upon this Security.



     As provided in and subject to the provisions of the Indenture, the Holder of this Security
shall not have the right to institute any proceeding with respect to the Indenture or for the
appointment of a receiver or trustee or for any other remedy thereunder, unless such Holder shall
have previously given the Trustee written notice of a continuing Event of Default with respect to
the Securities of this series, the Holders of not less than 25% in principal amount of the
Securities of this series at the time Outstanding shall have made written request to the Trustee to
institute proceedings in respect of such Event of Default as Trustee and offered the Trustee
reasonable indemnity, and the Trustee shall not have received from the Holders of a majority in
principal amount of Securities of this series at the time Outstanding a direction inconsistent with
such request, and shall have failed to institute any such proceeding, for 60 days after receipt of
such notice, request and offer of indemnity. The foregoing shall not apply to any suit instituted
by the Holder of this Security for the enforcement of any payment of principal hereof or any
premium or interest hereon on or after the respective due dates expressed herein.



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     No reference herein to the Indenture and no provision of this Security or of the Indenture
shall alter or impair the obligation of the Company, which is absolute and unconditional, to pay
the principal of (and premium, if any) and interest on this Security herein provided, and at the
times, place and rate, and in the coin or currency, herein prescribed.



     As provided in the Indenture and subject to certain limitations therein and on face of this
Security, the transfer of this Security is registrable in the Security Register, upon surrender of
this Security for registration of transfer at the office or agency of the Company in any place
where the principal of (and premium, if any) and interest on this Security are payable, duly
endorsed by, or accompanied by a written instrument of transfer in form satisfactory to the Company
and the Security Registrar duly executed by, the Holder hereof or his attorney duly authorized in
writing, and thereupon one or more new Securities of this series, of authorized denominations and
for the same aggregate principal amount, will be issued to the designated transferee or
transferees.



     The Securities of this series are issuable only in registered form without coupons in
denominations of $2,000 and any integral multiple of $1,000 in excess thereof. As provided in the
Indenture and subject to certain limitations therein set forth, Securities of this series are
exchangeable for a like aggregate principal amount of Securities of this series of a different
authorized denomination, as requested by the Holder surrendering the same.



     No service charge shall be made for any such registration of transfer or exchange, but the
Company may require payment of a sum sufficient to cover any tax or other governmental charge
payable in connection therewith.



     Prior to due presentment of this Security for registration of transfer, the Company, the
Trustee and any agent of the Company or the Trustee may treat the Person in whose name this
Security is registered as the owner hereof for all purposes (subject to Section 3.07 of the
Indenture), whether or not this Security be overdue, and neither the Company, the Trustee nor any
such agent shall be affected by notice to the contrary.



     All terms used in this Security which are defined in the Indenture shall have the meanings
assigned to them in the Indenture.




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