Document:

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                                                                    EXHIBIT 10.1

                             NABI BIOPHARMACEUTICALS
                      5800 PARK OF COMMERCE BOULEVARD, N.W.
                              BOCA RATON, FL 33487

                                                   Effective as of June 20, 2003

Mr. David J. Gury
2360 N.W. 43rd Street
Boca Raton, FL  33431

                  Re:  Retirement Agreement

Dear Mr. Gury:

         This letter agreement (the "Agreement") between Nabi Biopharmaceuticals
("Nabi") and you (the "Executive") is intended to set forth the arrangements
with respect to your retirement from Nabi. The Executive and Nabi are referred
to together herein as the "Parties."

         1. The Executive hereby retires as chief executive officer and an
employee of Nabi effective at the close of business June 20, 2003 (such time and
date the "Retirement Date") and resigns effective as of the Retirement Date as
an officer and director of each subsidiary of Nabi in which he holds office. The
Executive shall serve as non-executive Chairman of the Board of Directors of
Nabi, and as such shall preside at meetings of Nabi's Board of Directors.

         2. For the period beginning June 21, 2003 and ending December 31, 2003
(the "Consulting Period"), the Executive will be available as a consultant to
assist Thomas H. McLain in his transition as chief executive officer of Nabi.
The Executive shall provide these consulting services at the request of Mr.
McLain at times reasonably satisfactory to the Executive and Mr. McLain
consistent with the Executive's other commitments and plans. During or with
respect to the Consulting Period the Executive will continue to receive the
compensation and he and, to the extent applicable, his family will continue to
receive or participate in the benefits and perquisites (including, without
limitation, participation in the cash incentive portion of Nabi's VIP Management
Compensation Program and in Nabi's group life insurance and health insurance
programs) he was or they were entitled to receive or participate in immediately
preceding the Retirement Date as though he continued to be employed in the same
position(s) and with the same compensation as an employee of Nabi, provided that
the Executive's right to continue to participate in Nabi's 401(k) and Employee

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Stock Purchase Plan shall terminate as of the Retirement Date and provided
further that any compensation payable to the Executive pursuant to this Section
2 during the Consulting Period shall be reduced by any compensation he receives
during and relating to the Consulting Period as a non-employee Director of Nabi.
In addition, Nabi will reimburse all reasonably necessary medical, dental and
optical costs incurred by Executive or his spouse during the Consulting Period.
All Company payments and reimbursements with respect to life insurance and
medical, dental and optical coverages and costs, as well as the SERP payment
described below and the SERP payment of $22,000 for 2002 made in June 2003, will
be grossed-up for taxes payable by Executive/spouse with respect thereto. At
such time or times as Nabi otherwise would make matching contributions for
Executive's 2003 contributions to Nabi's 401(k) plan for 2003, Nabi shall pay
Executive an amount equal to the matching contributions, grossed-up for taxes
payable by Executive with respect thereto, the Company would have then been
required to pay to the 401(k) plan for the Executive's benefit. Furthermore, on
or about August 1, 2003 Nabi shall pay to the Executive unused accrued paid
leave benefit of $117,904.62 subject to such deductions and withholdings as may
be required by law and on or about December 1, 2003 Nabi shall make a final
payment of $22,000 (plus a tax gross-up) with respect to the Executive's SERP
benefit. The Executive acknowledges that he will provide the services
contemplated by this Section 2 as a non-employee, independent contractor of Nabi
and except with respect to gross-up provisions in this Agreement he shall be
responsible in full for all taxes associated with the payments received as a
result of the services provided under this Section 2. Nabi acknowledges that (a)
Executive shall be entitled to the benefits of this Section 2 whether or not his
consulting services are so requested, and that he need not be available to
perform, or in fact perform, such services in person but may do so by telephone
or other manner of electronic or written communication and (b) in the event of
Executive's unavailability to perform consulting services, due to illness,
accident or other similar reason (but not including death), compensation and
benefits under this Section 2 shall continue to be provided. While serving as a
consultant to Nabi, the Executive shall not enter into any verbal or written
agreement or make any binding commitments on behalf of Nabi or make on behalf of
Nabi any statements concerning Nabi or its business, financial condition,
operations or prospects to the media, investment professionals or Nabi
stockholders. Nabi agrees that Executive may refer to himself as Founding Chief
Executive Officer of Nabi, Retired. During the Consulting Period, Executive's
current office shall be maintained, and part-time administrative assistance
shall be available. The Executive agrees that no later than 60 days from receipt
of his COBRA election forms, he shall elect to continue, at Nabi's expense,
health insurance coverage pursuant to the Consolidated Omnibus Budget
Reconciliation Act of 1985.

         3. During the 2004, 2005 and 2006 calendar years, Nabi shall pay to the
Executive $1,166,468, $1,056,468 and $1,056,468 respectively. Each such amount
shall be paid bi-weekly over the year in approximately equal installments, the
first such installment to be made on or about January 15 of the year and the
last such installment to be made on or about December 31 of the year. Each such
payment shall be subject to such deductions and withholdings as may be required
by law.

         4. The right of the Executive to exercise his stock options identified
on Exhibit A attached hereto shall be accelerated to the extent provided in said
Exhibit A and each such stock option as to which there has been acceleration of
exercise shall remain exercisable through the earlier of June 19, 2006 and the
date such stock option would otherwise expire in accordance with its terms,
subject otherwise to the terms of the option plan pursuant to which such stock
option was granted. The right of the Executive to exercise his stock options
identified on Exhibit B attached hereto, to the extent such options are not
exercisable on the Retirement Date, shall be accelerated to the extent provided

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in said Exhibit B, and each stock option identified on said Exhibit B shall
remain exercisable until the date such stock option would otherwise expire in
accordance with its terms, subject otherwise to the terms of the option plan
pursuant to which such stock option was granted.

         5. Nabi agrees that following the Consulting Period, Nabi shall not
take any action to terminate or cancel the life insurance policies listed on
Exhibit C attached hereto (the "Life Insurance Policies") or otherwise request a
refund of premiums paid to date by Nabi to any issuer of the Life Insurance
Policies. The Parties agree that, effective as of the end of the Consulting
Period, Nabi shall neither make nor be required to make further premium payments
on behalf of the Executive with respect to the Life Insurance Policies and that
the Executive will, therefore, be solely responsible for making any premium
payments under the Life Insurance Policies in order to maintain the Executive's
coverage thereunder. Nabi hereby confirms that it has no rights, or if it has
any rights hereby waives them, under the terms of the Life Insurance Policies or
any related agreement, arrangement or instrument or otherwise, to receive upon
or as a result of the payment of a death benefit, cash surrender or other
disposition of the Life Insurance Policies an amount equal to the premium
payments made by Nabi with respect to the Life Insurance Policies.

         6. Except as provided in Sections 2, 3, 4 and 5 of this Agreement, the
Executive acknowledges and agrees that his eligibility to participate in and/or
receive benefits under any compensation, benefit or perquisite plan, program,
policy, agreement, arrangement or practice in connection with his employment
with Nabi or the termination of that employment shall terminate as of the
Retirement Date and he shall not be entitled to any other compensation or
benefit from Nabi except to the extent provided herein and except to the extent
the right to receive a benefit accrued but was not paid prior to the Retirement
Date, the Executive shall be entitled to be paid this benefit after the
Retirement Date.

         7. The Executive agrees that all trade secrets and other confidential
and/or proprietary materials or information of Nabi or any of its affiliates
(the "Nabi Group") (including, without limitation, source code, object code,
memoranda, notes, records, charts, reports, letters and other documents and
software relating to Nabi's present and/or future operations) made, compiled,
received, held or used by the Executive while employed by Nabi or during his
period of consultancy as provided in Section 2 concerning any phase of the
business of the Nabi Group or any of its members (the "Nabi Information") are
the property of Nabi and/or the Nabi Group and, together with all reproductions
or abstracts thereof (i) shall neither be used nor disclosed by the Executive
after the Retirement Date (except such use as is contemplated under Section 2 of
this Agreement or in connection with the enforcement of Executive's rights under
this Agreement) and (ii) together with all other Nabi property used or obtained
by the Executive, such as computers, equipment, credit cards and keys, shall be
returned to Nabi no later than January 5, 2004. Notwithstanding the foregoing,
Executive shall be entitled to retain the laptop computer previously provided to
him by Nabi, as his personal property, after removal by Nabi of any Nabi
Information, and Nabi shall assist Executive in Internet and e-mail set-up for
such computer upon removal of access through Nabi.

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         8. The Executive hereby acknowledges and agrees that this Agreement is
intended to be a complete and final settlement of any and all causes of action
or claims that the Executive has had, now has or may now have, whether known or
unknown against the Nabi Group or any of the persons or entities specified
below, with respect to the matters hereinafter specified. The Executive hereby,
on behalf of the Executive, the Executive's executors, heirs, administrators,
assigns and anyone else claiming by, through or under the Executive, waives,
releases, covenants not to sue and forever discharges the Nabi Group, its
predecessors, successors, related corporations, subsidiaries, divisions,
employee benefit plans and affiliated organizations, and each and all of their
respective present and former officers, directors, shareholders, fiduciaries,
representatives, agents, promoters, employees and attorneys (hereinafter
"Releasees"), and each and all of them of, from and with respect to any and all
debts, demands, actions, causes of action, suits, covenants, contracts,
agreements, promises, torts, damages, claims, demands and liabilities whatsoever
of any name and nature, both in law and in equity (hereinafter "Claims"), that
the Executive now has, ever had, or may in the future have against each or any
of the Releasees by reason of any matter, cause or thing whatsoever from the
beginning of the world to the Effective Date (as defined in Section 18) arising
out of, based upon or connected with the Executive's employment by any member of
the Nabi Group, the compensation, benefits and working conditions for that
employment and/or the termination of that employment (including without
limitation any Claims arising out of or relating to the Employment Agreement or
the Change of Control Agreement (each as defined in Section 19)) including any
Claims that may exist under federal, state or local laws, including, but not
limited to, any Claims based on race, disability, color, national origin,
marital status, age or sex, but excluding any Claim or Claims (i) with respect
to indemnification, advances or contribution to which the Executive may be
entitled, whether by contract, by charter or by-law provision, or otherwise,
(ii) with respect to reimbursement of medical, dental and optical expenses and
business and travel expenses incurred prior to the Retirement Date for which the
Executive is entitled to reimbursement under the terms of his employment as of
the Retirement Date, or (iii) under, based upon or arising out of this Agreement
or the benefit plans or programs contemplated by this Agreement. The foregoing
waiver and release includes, without limitation, a waiver and release of any
rights and Claims that the Executive may have under Title VII of the Civil
Rights Act of 1964, the Equal Pay Act, the Americans with Disabilities Act, the
Family and Medical Leave Act, the Employee Retirement Income Security Act of
1974, the Worker Adjustment and Retraining Notification Act, the Age
Discrimination in Employment Act of 1967, as amended, 29 U.S.C. ss. 621 et seq.
(the "ADEA") (except that this Agreement does not waive or release any rights or
claims under the ADEA that may arise after the execution of this Agreement or
otherwise bar the Executive from challenging this Agreement's compliance with
the provisions of 29 U.S.C. ss. 627(f)(1)), the Fair Labor Standards Act, or the
state and local laws of Florida.

         9. Nabi represents and warrants that as of the date hereof, it knows of
no claims or causes of action of whatever kind or nature that the Nabi Group has
or may have against the Executive that arose on or before the date of execution
of this Agreement.

         10. Until such time as this Agreement is filed, or its material terms
are disclosed in a filing, with the Securities and Exchange Commission, Nabi and
the Executive each hereby agrees not to disclose to any person, organization or

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agency (except, in the case of the Executive, his spouse, attorney, accountant
or financial advisor) the terms of this Agreement except (a) as required by law
or legal process and, with respect to legal process, only after notice is given
by the disclosing party or his or its attorney to the other party such that,
where feasible, the non-disclosing party will have a reasonable prior
opportunity to oppose such disclosure or (b) in connection with Nabi's or the
Executive's enforcement of its or his rights under this Agreement. The Parties
agree with one another not to discuss with any person or entity the
circumstances surrounding the Executive's employment with or separation from the
Nabi Group, except to the extent required by law or legal process. The Executive
agrees not to make any adverse remarks whatsoever concerning any of the officers
or directors of the Nabi Group or the business, operations, strategies,
policies, prospects, affairs or financial condition of the Nabi Group. Nabi
agrees that it will not make any adverse remarks whatsoever concerning the
Executive and that it will instruct its directors and officers not to make any
adverse remarks whatsoever concerning the Executive.

         11. The Executive acknowledges and agrees that the restrictions against
disclosure and use of confidential information set forth in Section 12 of the
Employment Agreement shall remain in full force and effect.

         12. It is expressly understood and agreed that by entering into this
Agreement Nabi in no way thereby admits that it unlawfully or wrongfully
discriminated against the Executive due to the Executive's age or status or
otherwise treated the Executive unlawfully.

         13. The Executive agrees and recognizes that should a court of
competent jurisdiction determine that he has breached any of his obligations
under the fourth from last sentence of Section 2 of this Agreement or Sections 7
or 10 of this Agreement or Section 12 of the Employment Agreement or any
material provision of Section 14 of this Agreement or should he attempt to
pursue any Claim covered by the release set forth in Section 8 of the Agreement,
in addition to its other rights and remedies Nabi will thereafter have no
further obligation to provide the Executive with the consideration set forth
herein and in the event of such a court determination will be entitled to
repayment of all consideration paid after the date of such breach.

         14. At the request of Nabi, the Executive shall cooperate fully with
Nabi and each member of the Nabi Group in the defense or prosecution of any
claims or actions now in existence or which may be brought or threatened in the
future against or on behalf of any member of the Nabi Group, including without
limitation any claims or actions against any officers, directors or employees of
any member of the Nabi Group (but excluding any claim or action brought with
respect to this Agreement). The Executive's cooperation in connection with such
actions or claims shall include, without limitation, his being available to meet
with Nabi or its designees at reasonably convenient times and places in
connection with any regulatory matters, to prepare for any proceeding
(including, without limitation, depositions, consultation, discovery or trial),
to provide affidavits, to assist with any audit, inspection, proceeding or other

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inquiry, or to act as a witness in connection with any litigation or other legal
proceeding affecting any member of the Nabi Group. Should the Executive be
contacted (directly or indirectly) by any person known by him to be adverse to
any member of the Nabi Group with respect to any dispute with any member of the
Nabi Group, the Executive shall promptly notify Nabi's internal general counsel.
Nabi shall directly pay, or advance to the Executive, the reasonable out of
pocket expenses incurred by him in complying with his obligations under this
Section 14.

         15. The Executive agrees that Nabi shall be entitled to injunctive
relief and/or specific performance, without the necessity of proving actual
damages, as well as to an equitable accounting of all earnings, profits and
other benefits, with respect to any violations of this Agreement by the
Executive, which rights shall be cumulative and in addition to any other rights
or remedies to which Nabi may be entitled.

         16. Nabi may assign this Agreement to any successor by merger,
reorganization, consolidation or statutory share exchange provided that there
has been no breach of this Agreement by Nabi, and such successor (i) is a
corporation incorporated in any of the states of the United States and (ii)
specifically agrees with the Executive in writing to assume Nabi's obligations
hereunder. This Agreement may not be assigned by the Executive except that the
Executive may assign monetary benefits to which he may be entitled hereunder to
the extent that such assignment is permitted by the terms of any plan governing
such benefits. This Agreement shall be binding upon and shall inure to the
benefit of Nabi and the Executive and Nabi's and the Executive's respective
heirs, personal representatives and permitted successors and assigns. Nabi
acknowledges that, except as specified in Section 2, in the event of Executive's
death at a time when any amount would be payable to Executive hereunder if he
had continued to live, all such amounts shall be paid in accordance with the
terms of this Agreement to his devisee, legatee, or other designee or, if there
be no such designee, to his estate.

         17. If any term or provision of this Agreement or the application
thereof to any person, property or circumstance shall to any extent be found by
a court of competent jurisdiction to be invalid or unenforceable, then at the
election of the party primarily benefited by such term or provision, the
remainder of this Agreement or the application of such term or provision to
persons, property or circumstances other than those as to which it is invalid or
unenforceable shall not be affected thereby, and each term and provision of this
Agreement shall be valid and enforced to the fullest extent permitted by law.

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         18. The Executive is hereby advised to consult with an attorney before
signing this Agreement and, by the Executive's signature below, the Executive
acknowledges that he has consulted with an attorney before signing this
Agreement, that his execution of this Agreement is knowing and voluntary and
that he has been afforded a full and reasonable opportunity to consider its
terms. Without limiting the foregoing, the Executive acknowledges that from the
date that the Executive receives this Agreement, the Executive has twenty-one
(21) days to consider it. Should the Executive decide to sign the Agreement, the
Executive has seven (7) days following the signing to revoke the Agreement, and
the Agreement will not become effective and enforceable until that seven (7) day
revocation period has expired (the "Effective Date"). Should the Executive
either decide not to sign this Agreement or should the Executive sign it and
elect to revoke it during the seven (7) day revocation period, then this
Agreement shall be null and void. No payments or benefits provided for by this
Agreement (other than payments or benefits accrued and unpaid as of the
Retirement Date) will be made until after this seven (7) day period has expired
without the Executive revoking this Agreement. Nabi shall pay up to $35,000 of
legal and accounting expenses incurred by Executive in connection with
retirement discussions and this Agreement.

         19. This Agreement shall be governed by and construed in accordance
with the laws of the State of Florida without regard to conflicts of law
principles. The parties agree that exclusive jurisdiction for any action brought
with respect to this Agreement shall lie in the state circuit court in
Miami-Dade County, Florida. This Agreement embodies the entire agreement and
understanding among the Parties concerning the Executive's employment and the
termination thereof and incorporates and supersedes all other agreements with
regard to the Executive's employment and the termination thereof. Without
limiting the foregoing, (i) reference is made to that certain employment
agreement dated January 1, 1993 between the Executive and Nabi, as amended (the
"Employment Agreement"), which provides, INTER ALIA, that (a) the Executive will
receive certain compensation and benefits under specified circumstances in the
event of termination of employment, and (b) the Employment Agreement may be
amended by a written agreement signed by the party to be charged with such
amendment, (ii) reference is made to that certain letter agreement dated
September 18, 1998, between the Executive and Nabi, as amended (the "Change of
Control Agreement"), which provides, INTER ALIA, that (a) the Executive will
receive certain compensation and benefits under specified circumstances in the
event of a change of control (as defined in such Change of Control Agreement),
and (b) the Change of Control Agreement may be modified by written agreement
signed by the Executive and such officer of Nabi as may be specifically
designated by the Board, and (iii) the Employment Agreement and Change of
Control Agreement are hereby amended and modified so as to be superseded, as to
termination of employment, in their entirety by this Agreement, except to the
extent provided in Section 11 of this Agreement.

         20. This Agreement may be amended or modified only upon the written
mutual consent of the parties.

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     21. This Agreement may be executed in one or more counterparts, each of
which shall be deemed an original but all of which together shall constitute one
and the same instrument. This Agreement may be executed by facsimile signature.

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         If the foregoing is in accordance with your understanding, please sign
and return the enclosed copy of this letter, whereupon this letter and such copy
will constitute a binding agreement between Nabi and you on the basis set forth
above.

                                             Very truly yours,

                                             NABI BIOPHARMACEUTICALS

                                             By:
                                                 -------------------------------
                                                   Name:
                                                   Title:
Acknowledged and agreed to:

----------------------------
David J. Gury

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                                    EXHIBIT A

                                                  NUMBER OF OPTIONS FOR WHICH
      GRANT DATE          EXPIRATION DATE           VESTING IS ACCELERATED
       2/07/2000             2/07/2010                     18,133
       2/07/2000             2/07/2010                      6,250
       2/05/2001             2/05/2011                     22,875
       2/05/2001             2/05/2011                     15,000
       2/04/2002             2/04/2012                     45,354
       2/04/2002             2/03/2012                      3,750
       2/03/2003             2/03/2013                     54,685
       2/03/2003             2/03/2013                      5,000

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                                    EXHIBIT B

                                        NUMBER OF OPTIONS     NUMBER OF OPTIONS
                                           FOR WHICH          EXERCISABLE UNTIL
                                           VESTING IS         OPTIONS OTHERWISE
                                           ACCELERATED              EXPIRE
 GRANT DATE      EXPIRATION DATE
 2/07/2000          2/07/2010                18,133                126,934
 2/07/2000          2/07/2010                 6,250                 43,750
 2/05/2001          2/05/2011                22,875                 42,800
 8/02/2001          8/02/2011                  0                    33,800
 2/04/2002          2/04/2012                45,354                 75,591
 2/04/2002          2/04/2012                 3,750                  6,250
 2/03/2003          2/03/2013                54,685                 54,685
 2/03/2003          2/03/2013                 5,000                  5,000

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                                    EXHIBIT C

1.  The Guardian policy number 4021183 in the face amount of $1,250,000

2.  The Guardian policy number 4040228 in the face amount of $250,000

3.  MONY policy number 11562350 in the amount of $10,000

4.  MONY policy number 11562352 in the amount of $10,000<PAGE>
                                                                     EXHIBIT 4.3

                               OFFICE DEPOT, INC.

                          SUPPLEMENTAL INDENTURE NO. 1

                     6.250% Senior Notes due August 15, 2013

         THIS SUPPLEMENTAL INDENTURE NO. 1, dated as of August 11, 2003 (this
"Supplemental Indenture"), between OFFICE DEPOT, INC., a Delaware corporation
(the "Company"), and SUNTRUST BANK, a Florida banking corporation, as trustee
(the "Trustee").

                            RECITALS OF THE COMPANY:

         WHEREAS, the Company has heretofore executed and delivered to the
Trustee an Indenture, dated as of August 11, 2003 (the "Indenture"), providing
for the issuance from time to time of one or more Series of Securities;

         WHEREAS, Article Eight of the Indenture provides for various matters
with respect to any Series of Securities issued under the Indenture to be
established in an indenture supplemental to the Indenture;

         WHEREAS, Section 8.1(e) of the Indenture provides that the Company and
the Trustee may enter into an indenture supplemental to the Indenture to
establish the form or terms of Securities of any Series as permitted by Sections
2.1 and 2.3 of the Indenture; and

         WHEREAS, all the conditions and requirements necessary to make this
Supplemental Indenture, when duly executed and delivered, a valid and binding
agreement in accordance with its terms and for the purposes herein expressed,
have been performed and fulfilled.

         NOW THEREFORE, THIS SUPPLEMENTAL INDENTURE WITNESSETH:

         For and in consideration of the premises and the issuance of the Series
of Securities provided for herein, the Company and the Trustee mutually covenant
and agree for the equal and proportionate benefit of the respective Holders of
the Securities of such Series as follows:

                                   ARTICLE ONE

            RELATION TO INDENTURE; DEFINITIONS; RULES OF CONSTRUCTION

         SECTION 1.1 RELATION TO INDENTURE. This Supplemental Indenture
constitutes an integral part of the Indenture.

         SECTION 1.2 DEFINITIONS. For all purposes of this Supplemental
Indenture, the following terms shall have the respective meanings set forth in
this Section.

                  "Additional Interest" shall have the meaning set forth in the
         form of the Securities included as Exhibit A hereto.

<PAGE>

                  "Applicable Procedures" means, with respect to any transfer or
         transaction involving a Regulation S Global Security or beneficial
         interest therein, the rules and procedures of the Depositary for such
         Global Security, Euroclear and Clearstream, in each case to the extent
         applicable to such transaction and as in effect from time to time.

                  "Clearstream" means Clearstream Banking, societe anonyme.

                  "Definitive Security" means a certificated Initial Security or
         Exchange Security (bearing the Restricted Securities Legend if the
         transfer of such Security is restricted by applicable law) that does
         not include the Global Securities Legend.

                  "Depositary" means The Depository Trust Company, its nominees
         and their respective successors.

                  "Euroclear" means Euroclear Bank S.A./N.V., as operator of the
         Euroclear System.

                  "Exchange and Registration Rights Agreement" means the
         Exchange and Registration Rights Agreement dated August 11, 2003, among
         the Company and the Initial Purchasers.

                  "Exchange Securities" means the Securities of the Company
         issued in exchange for Initial Securities pursuant to the Indenture and
         this Supplemental Indenture in connection with the Registered Exchange
         Offer.

                  "Global Securities Legend" means the legend set forth under
         that caption in Exhibit A to this Supplemental Indenture.

                  "Initial Purchasers" means Citigroup Global Markets Inc. and
         Goldman, Sachs & Co. and the other initial purchasers listed on
         Schedule I to the Purchase Agreement.

                  "Initial Securities" means the Rule 144A Securities and the
         Regulation S Securities.

                  "Participant" means members of, or participants in, the
         Depositary.

                  "Private Exchange" means an offer by the Company, pursuant to
         the Exchange and Registration Rights Agreement, to issue and deliver to
         certain purchasers, in exchange for the Initial Securities held by such
         purchasers as part of their initial distribution, a like aggregate
         principal amount of Private Exchange Securities.

                  "Private Exchange Securities" means the Securities of the
         Company issued in exchange for Initial Securities pursuant to the
         Indenture and this Supplemental Indenture in connection with the
         Private Exchange pursuant to the Exchange and Registration Rights
         Agreement.

                  "Purchase Agreement" means the Purchase Agreement dated August
         6, 2003, among the Company and the Initial Purchasers.

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<PAGE>

                  "QIB" means a "qualified institutional buyer" as defined in
         Rule 144A.

                  "Registered Exchange Offer" means the offer by the Company,
         pursuant to the Exchange and Registration Rights Agreement, to certain
         Holders of Initial Securities, to issue and deliver to such Holders, in
         exchange for their Initial Securities, a like aggregate principal
         amount of Exchange Securities registered under the Securities Act.

                  "Regulation S" means Regulation S under the Securities Act.

                  "Regulation S Securities" means all Initial Securities offered
         and sold outside the United States in reliance on Regulation S.

                  "Restricted Period" with respect to any Securities means the
         period of 40 consecutive days beginning on and including the later of
         (i) the day on which such Securities are first offered to persons other
         than distributors (as defined in Regulation S under the Securities Act)
         in reliance on Regulation S and (ii) the Original Issue Date with
         respect to such Securities.

                  "Restricted Securities Legend" means the legend set forth in
         Section 2.6(e)(i) herein.

                  "Rule 144A" means Rule 144A under the Securities Act.

                  "Rule 144A Securities" means all Initial Securities offered
         and sold to QIBs in reliance on Rule 144A.

                  "Securities Act" means the Securities Act of 1933, as amended.

                  "Securities" means the 6.250% Senior Notes due August 15,
         2013.

                  "Securities Custodian" means the custodian with respect to a
         Global Security (as appointed by the Depositary) or any successor
         person thereto, who will initially be the Trustee.

                  "Shelf Registration Statement" means a registration statement
         filed by the Company in connection with the offer and sale of the
         Initial Securities or Private Exchange Securities pursuant to Section 3
         of the Exchange and Registration Rights Agreement.

                  "Transfer Restricted Securities" means Definitive Securities
         and any other Securities that bear or are required to bear the
         Restricted Securities Legend.

         SECTION 1.3 AMENDMENT TO SECTION 1.1 OF THE INDENTURE. For the sole
benefit of the Holders of the Securities, Section 1.1 of the Indenture shall be
amended by deleting the definition of "interest" and replacing such definition
with the following definition:

                  "interest" includes Additional Interest.

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         SECTION 1.4 RULES OF CONSTRUCTION. For all purposes of this
Supplemental Indenture:

                  (a) capitalized terms used herein without definition shall
         have the meanings specified in the Indenture;

                  (b) all references herein to Articles and Sections, unless
         otherwise specified, refer to the corresponding Articles and Sections
         of this Supplemental Indenture;

                  (c) the terms "herein", "hereof', "hereunder" and other words
         of similar import refer to this Supplemental Indenture; and

                  (d) in the event of a conflict with the definition of terms in
         the Indenture, the definitions in this Supplemental Indenture shall
         control.

                                   ARTICLE TWO

                                 THE SECURITIES

         SECTION 2.1 TITLE OF THE SECURITIES. There shall be a Series of
Securities designated the 6.250% Senior Notes due August 15, 2013 (the
"Securities").

         SECTION 2.2 LIMITATION ON AGGREGATE PRINCIPAL AMOUNT. The Securities
will be initially issued in an aggregate principal amount of $400,000,000;
provided that the Company may from time to time, without giving notice to or
seeking the consent of the Holders of the Securities, issue securities having
the same ranking and the same interest rate, maturity and other terms as the
Securities and any additional securities having such similar terms, together
with the applicable Securities, will constitute a single Series of Securities
under the Indenture.

         SECTION 2.3 FORM AND DATING.

         (a) GENERAL. The Securities and the Trustee's certificate of
authentication shall be substantially in the form of Exhibit A hereto. The
Securities may have notations, legends or endorsements required by law, stock
exchange rules or usage. Each Security shall be dated the date of its
authentication. The Securities shall be in denominations of $1,000 and integral
multiples thereof.

         The terms and provisions contained in the Securities shall constitute,
and are hereby expressly made, a part of this Supplemental Indenture, and the
Company and the Trustee, by their execution and delivery of this Supplemental
Indenture, expressly agree to such terms and provisions and to be bound thereby.
However, to the extent any provision of any Security conflicts with the express
provisions of this Supplemental Indenture, the provisions of this Supplemental
Indenture shall govern and be controlling.

         The Initial Securities issued on the date hereof will be (i) offered
and sold by the Company pursuant to the Purchase Agreement and (ii) resold
initially only to (A) QIBs in reliance on Rule 144A and (B) Persons other than
U.S. Persons (as defined in Regulation S) in

                                       4
<PAGE>

reliance on Regulation S. Such Initial Securities may thereafter be transferred
to, among others, QIBs and purchasers in reliance on Regulation S.

         The Company hereby designates The Depository Trust Company as the
initial Depositary for the Global Securities.

         (b) GLOBAL SECURITIES. The Rule 144A Securities shall be issued
initially in the form of one or more permanent global Securities in definitive,
fully registered form (collectively, the "Rule 144A Global Security") and the
Regulation S Securities shall be issued initially in the form of one or more
global Securities (collectively, the "Regulation S Global Security"), in each
case without interest coupons and bearing the Global Securities Legend and
Restricted Securities Legend, which shall be deposited on behalf of the
purchasers of the Securities represented thereby with the Securities Custodian,
and registered in the name of the Depositary or a nominee of the Depositary,
duly executed by the Company and authenticated by the Trustee as provided in the
Indenture. Beneficial ownership interests in the Regulation S Global Security
shall not be exchangeable for interests in the Rule 144A Global Security or any
other Security without a Restricted Securities Legend until the expiration of
the Restricted Period. The Rule 144A Global Security and the Regulation S Global
Security are each referred to herein as a "Global Security" and are collectively
referred to herein as "Global Securities." The aggregate principal amount of the
Global Securities may from time to time be increased or decreased by adjustments
made on the records of the Trustee and the Depositary or its nominee as
hereinafter provided.

         (c) BOOK-ENTRY PROVISIONS. This Section 2.3(c) shall apply only to a
Global Security deposited with or on behalf of the Depositary. The Company shall
execute and the Trustee shall, in accordance with this Section 2.3(c) and
pursuant to an order of the Company, authenticate and deliver initially one or
more Global Securities that (a) shall be registered in the name of the
Depositary for such Global Security or Global Securities or the nominee of such
Depositary and (b) shall be delivered by the Trustee to such Depositary or
pursuant to such Depositary's instructions or held by the Trustee as Securities
Custodian.

         Participants shall have no rights under the Indenture with respect to
any Global Security held on their behalf by the Depositary or by the Trustee as
Securities Custodian or under such Global Security, and the Depositary may be
treated by the Company, the Trustee and any agent of the Company or the Trustee
as the absolute owner of such Global Security for all purposes whatsoever.
Notwithstanding the foregoing, nothing herein shall prevent the Company, the
Trustee or any agent of the Company or the Trustee from giving effect to any
written certification, proxy or other authorization furnished by the Depositary
or impair, as between the Depositary and its Participants, the operation of
customary practices of such Depositary governing the exercise of the rights of a
holder of a beneficial interest in any Global Security.

         (d) DEFINITIVE SECURITIES. Except as provided in Section 2.7, owners of
beneficial interests in Global Securities will not be entitled to receive
physical delivery of certificated Securities.

                                       5
<PAGE>

         SECTION 2.6 TRANSFER AND EXCHANGE.

         (a) TRANSFER AND EXCHANGE OF DEFINITIVE SECURITIES. When Definitive
Securities are presented to the Registrar with a request:

                  (i) to register the transfer of such Definitive Securities; or

                  (ii) to exchange such Definitive Securities for an equal
         principal amount of Definitive Securities of other authorized
         denominations, the Registrar shall register the transfer or make the
         exchange as requested if its reasonable requirements for such
         transaction are met; provided, however, that the Definitive Securities
         surrendered for transfer or exchange:

                           (A) shall be duly endorsed or accompanied by a
                  written instrument of transfer in form reasonably satisfactory
                  to the Company and the Registrar, duly executed by the Holder
                  thereof or his attorney duly authorized in writing; and

                           (B) are accompanied by the following additional
                  information and documents, as applicable:

                                    (x) if such Definitive Securities are being
                           delivered to the Registrar by a Holder for
                           registration in the name of such Holder, without
                           transfer, a certification from such Holder to that
                           effect (in the form set forth on the reverse side of
                           the Initial Security); or

                                    (y) if such Definitive Securities are being
                           transferred to the Company, a certification to that
                           effect (in the form set forth on the reverse side of
                           the Initial Security); or

                           (C) if such Definitive Securities are being
                  transferred pursuant to an exemption from registration in
                  accordance with Rule 144 under the Securities Act or in
                  reliance upon another exemption from the registration
                  requirements of the Securities Act, (i) a certification to
                  that effect (in the form set forth on the reverse side of the
                  Initial Security) and (ii) if the Company so requests, an
                  opinion of counsel or other evidence reasonably satisfactory
                  to it as to the compliance with the restrictions set forth in
                  the legend set forth in Section 2.6(e)(i).

         (b) RESTRICTIONS ON TRANSFER OF A DEFINITIVE SECURITY FOR A BENEFICIAL
INTEREST IN A GLOBAL SECURITY. A Definitive Security may not be exchanged for a
beneficial interest in a Global Security except upon satisfaction of the
requirements set forth below. Upon receipt by the Trustee of a Definitive
Security, duly endorsed or accompanied by a written instrument of transfer in
form reasonably satisfactory to the Company and the Registrar, together with:

                  (i) certification (in the form set forth on the reverse side
         of the Initial Security) that such Definitive Security is being
         transferred (A) to a QIB in accordance with Rule 144A or (B) outside
         the United States in an offshore transaction within the meaning of
         Regulation S and in compliance with Rule 904 under the Securities Act;
         and

                  (ii) written instructions directing the Trustee to make, or to
         direct the Securities Custodian to make, an adjustment on its books and
         records with respect to such

                                       6
<PAGE>

         Global Security to reflect an increase in the aggregate principal
         amount of the Securities represented by the Global Security, such
         instructions to contain information regarding the Depositary account to
         be credited with such increase, then the Trustee shall cancel such
         Definitive Security and cause, or direct the Securities Custodian to
         cause, in accordance with the standing instructions and procedures
         existing between the Depositary and the Securities Custodian, the
         aggregate principal amount of Securities represented by the Global
         Security to be increased by the aggregate principal amount of the
         Definitive Security to be exchanged and shall credit or cause to be
         credited to the account of the Person specified in such instructions a
         beneficial interest in the Global Security equal to the principal
         amount of the Definitive Security so canceled. If no Global Securities
         are then outstanding and the Global Security has not been previously
         exchanged for certificated securities pursuant to Section 2.7, the
         Company shall issue and the Trustee shall authenticate, upon written
         order of the Company in the form of an Officers' Certificate, a new
         Global Security in the appropriate principal amount.

         (c) TRANSFER AND EXCHANGE OF GLOBAL SECURITIES.

                  (i) The transfer and exchange of Global Securities or
         beneficial interests therein shall be effected through the Depositary,
         in accordance with this Supplemental Indenture (including applicable
         restrictions on transfer set forth herein, if any) and the procedures
         of the Depositary therefor. A transferor of a beneficial interest in a
         Global Security shall deliver a written order given in accordance with
         the Depositary's procedures containing information regarding the
         participant account of the Depositary to be credited with a beneficial
         interest in such Global Security or another Global Security and such
         account shall be credited in accordance with such order with a
         beneficial interest in the applicable Global Security and the account
         of the Person making the transfer shall be debited by an amount equal
         to the beneficial interest in the Global Security being transferred.
         Transfers by an owner of a beneficial interest in a Rule 144A Global
         Security to a transferee who takes delivery of such interest through a
         Regulation S Global Security, whether before or after the expiration of
         the Restricted Period, shall be made only upon receipt by the Trustee
         of a certification from the transferor to the effect that such transfer
         is being made in accordance with Regulation S or (if available) Rule
         144 under the Securities Act and that, if such transfer is being made
         prior to the expiration of the Restricted Period, the interest
         transferred shall be held immediately thereafter through Euroclear or
         Clearstream.

                  (ii) If the proposed transfer is a transfer of a beneficial
         interest in one Global Security to a beneficial interest in another
         Global Security, the Registrar shall reflect on its books and records
         the date and an increase in the principal amount of the Global Security
         to which such interest is being transferred in an amount equal to the
         principal amount of the interest to be so transferred, and the
         Registrar shall reflect on its books and records the date and a
         corresponding decrease in the principal amount of Global Security from
         which such interest is being transferred.

                  (iii) Notwithstanding any other provisions of this
         Supplemental Indenture (other than the provisions set forth in Section
         2.7), a Global Security may not be transferred as a whole except by the
         Depositary to a nominee of the Depositary or by a

                                       7
<PAGE>

         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.

                  (iv) In the event that a Global Security is exchanged for
         Definitive Securities pursuant to Section 2.7 prior to the consummation
         of the Registered Exchange Offer or the effectiveness of the Shelf
         Registration Statement with respect to such Securities, such Securities
         may be exchanged only in accordance with such procedures as are
         substantially consistent with the provisions of this Section 2.6
         (including the certification requirements set forth on the reverse of
         the Initial Securities intended to ensure that such transfers comply
         with Rule 144A, Regulation S or such other applicable exemption from
         registration under the Securities Act, as the case may be) and such
         other procedures as may from time to time be adopted by the Company.

         (d) RESTRICTIONS ON TRANSFER OF REGULATION S GLOBAL SECURITY.

                  (i) Prior to the expiration of the Restricted Period,
         interests in a Regulation S Global Security may only be held through
         Euroclear or Clearstream. During the Restricted Period, beneficial
         ownership interests in a Regulation S Global Security may only be sold,
         pledged or transferred through Euroclear or Clearstream in accordance
         with the Applicable Procedures and only (A) to the Company, (B) so long
         as such security is eligible for resale pursuant to Rule 144A, to a
         person whom the selling holder reasonably believes is a QIB that
         purchases for its own account or for the account of a QIB to whom
         notice is given that the resale, pledge or transfer is being made in
         reliance on Rule 144A, (C) in an offshore transaction in accordance
         with Regulation S, (D) pursuant to an exemption from registration under
         the Securities Act provided by Rule 144 (if applicable) under the
         Securities Act or (E) pursuant to an effective registration statement
         under the Securities Act, in each case in accordance with any
         applicable securities laws of any state of the United States. Prior to
         the expiration of the Restricted Period, transfers by an owner of a
         beneficial interest in a Regulation S Global Security to a transferee
         who takes delivery of such interest through a Rule 144A Global Security
         shall be made only in accordance with the Applicable Procedures and
         upon receipt by the Trustee of a written certification from the
         transferor of the beneficial interest in the form provided on the
         reverse of the Initial Security to the effect that such transfer is
         being made to a person whom the transferor reasonably believes is a QIB
         within the meaning of Rule 144A in a transaction meeting the
         requirements of Rule 144A. Such written certification shall no longer
         be required after the expiration of the Restricted Period.

                  (ii) Upon the expiration of the Restricted Period, beneficial
         ownership interests in a Regulation S Global Security shall be
         transferable in accordance with applicable law and the other terms of
         the Indenture.

         (e) LEGENDS FOR SECURITIES

                  (i) Except as permitted by the following paragraphs (ii),
         (iii), (iv) or (vi), each Security certificate evidencing the Global
         Securities and the Definitive Securities (and all Securities issued in
         exchange therefor or in substitution thereof) shall bear a legend in

                                       8
<PAGE>

         substantially the following form (each defined term in the legend being
         defined as such for purposes of the legend only):

                  Global Security Legend - [THIS SECURITY HAS NOT BEEN
                  REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE
                  "SECURITIES ACT"), OR THE SECURITIES LAWS OF ANY STATE OR
                  OTHER JURISDICTION. NEITHER THIS SECURITY NOR ANY INTEREST OR
                  PARTICIPATION HEREIN MAY BE REOFFERED, SOLD, ASSIGNED,
                  TRANSFERRED, PLEDGED, ENCUMBERED OR OTHERWISE DISPOSED OF IN
                  THE ABSENCE OF SUCH REGISTRATION OR UNLESS SUCH TRANSACTION IS
                  EXEMPT FROM, OR NOT SUBJECT TO, SUCH REGISTRATION.

                  THE HOLDER OF THIS SECURITY BY ITS ACCEPTANCE HEREOF AGREES TO
                  OFFER, SELL OR OTHERWISE TRANSFER SUCH SECURITY, PRIOR TO THE
                  DATE (THE "RESALE RESTRICTION TERMINATION DATE") WHICH IS TWO
                  YEARS AFTER THE LATER OF THE ORIGINAL ISSUE DATE HEREOF AND
                  THE LAST DATE ON WHICH EITHER THE COMPANY OR ANY AFFILIATE OF
                  THE COMPANY WAS THE OWNER OF THIS SECURITY (OR ANY PREDECESSOR
                  OF SUCH SECURITY), ONLY (A) TO THE COMPANY, (B) PURSUANT TO A
                  REGISTRATION STATEMENT THAT HAS BEEN DECLARED EFFECTIVE UNDER
                  THE SECURITIES ACT, (C) FOR SO LONG AS THE SECURITIES ARE
                  ELIGIBLE FOR RESALE PURSUANT TO RULE 144A, TO A PERSON IT
                  REASONABLY BELIEVES IS A "QUALIFIED INSTITUTIONAL BUYER" AS
                  DEFINED IN RULE 144A UNDER THE SECURITIES ACT THAT PURCHASES
                  FOR ITS OWN ACCOUNT OR FOR THE ACCOUNT OF A QUALIFIED
                  INSTITUTIONAL BUYER TO WHOM NOTICE IS GIVEN THAT THE TRANSFER
                  IS BEING MADE IN RELIANCE ON RULE 144A, (D) PURSUANT TO OFFERS
                  AND SALES THAT OCCUR OUTSIDE THE UNITED STATES WITHIN THE
                  MEANING OF REGULATION S UNDER THE SECURITIES ACT OR (E)
                  PURSUANT TO ANY OTHER AVAILABLE EXEMPTION FROM THE
                  REGISTRATION REQUIREMENTS OF THE SECURITIES ACT, SUBJECT TO
                  THE RIGHT OF THE COMPANY AND THE TRUSTEE PRIOR TO ANY SUCH
                  OFFER, SALE OR TRANSFER PURSUANT TO CLAUSES (D) OR (E) TO
                  REQUIRE THE DELIVERY OF AN OPINION OF COUNSEL, CERTIFICATION
                  AND/OR OTHER INFORMATION SATISFACTORY TO EACH OF THEM. THIS
                  LEGEND WILL BE REMOVED UPON THE REQUEST OF THE HOLDER AFTER
                  THE RESALE RESTRICTION TERMINATION DATE.]

         Each Security evidencing a Global Security offered and sold to QIBs
         pursuant to Rule 144A shall bear a legend in substantially the
         following form

                  EACH PURCHASER OF THIS SECURITY IS HEREBY NOTIFIED THAT THE
                  SELLER OF THIS SECURITY MAY BE RELYING ON THE EXEMPTION FROM
                  THE PROVISIONS OF SECTION 5 OF THE SECURITIES ACT PROVIDED BY
                  RULE 144A THEREUNDER.

                                       9
<PAGE>

         Each Definitive Security shall bear the following additional legend:

                  IN CONNECTION WITH ANY TRANSFER, THE HOLDER WILL DELIVER TO
                  THE REGISTRAR AND TRANSFER AGENT SUCH CERTIFICATES AND OTHER
                  INFORMATION AS SUCH TRANSFER AGENT MAY REASONABLY REQUIRE TO
                  CONFIRM THAT THE TRANSFER COMPLIES WITH THE FOREGOING
                  RESTRICTIONS.

                  (ii) Upon any sale or transfer of a Transfer Restricted
         Security that is a Definitive Security, the Registrar shall permit the
         Holder thereof to exchange such Transfer Restricted Security for a
         Definitive Security that does not bear the legends set forth above and
         rescind any restriction on the transfer of such Transfer Restricted
         Security if the Holder certifies in writing to the Registrar that its
         request for such exchange was made in reliance on Rule 144 (such
         certification to be in the form set forth on the reverse of the Initial
         Security).

                  (iii) After a transfer of any Initial Securities or Private
         Exchange Securities during the period of the effectiveness of a Shelf
         Registration Statement with respect to such Initial Securities or
         Private Exchange Securities, as the case may be, all requirements
         pertaining to the Restricted Securities Legend on such Initial
         Securities or such Private Exchange Securities shall cease to apply and
         the requirements that any such Initial Securities or such Private
         Exchange Securities be issued in global form shall continue to apply.

                  (iv) Upon the consummation of a Registered Exchange Offer with
         respect to the Initial Securities pursuant to which Holders of such
         Initial Securities are offered Exchange Securities in exchange for
         their Initial Securities, all requirements pertaining to Initial
         Securities that Initial Securities be issued in global form shall
         continue to apply, and Exchange Securities in global form without the
         Restricted Securities Legend shall be available to Holders that
         exchange such Initial Securities in such Registered Exchange Offer.

                  (v) Upon the consummation of a Private Exchange with respect
         to the Initial Securities pursuant to which Holders of such Initial
         Securities are offered Private Exchange Securities in exchange for
         their Initial Securities, all requirements pertaining to such Initial
         Securities that Initial Securities be issued in global form shall
         continue to apply, and Private Exchange Securities in global form with
         the Restricted Securities Legend shall be available to Holders that
         exchange such Initial Securities in such Private Exchange.

                  (vi) Upon a sale or transfer after the expiration of the
         Restricted Period of any Initial Security acquired pursuant to
         Regulation S, all requirements that such Initial

                                       10
<PAGE>

         Security bear the Restricted Securities Legend shall cease to apply and
         the requirements requiring any such Initial Security be issued in
         global form shall continue to apply.

         (f) CANCELLATION OR ADJUSTMENT OF GLOBAL SECURITY. At such time as all
beneficial interests in a Global Security have either been exchanged for
Definitive Securities, transferred, redeemed, repurchased or canceled, such
Global Security shall be returned by the Depositary to the Trustee for
cancellation or retained and canceled by the Trustee. At any time prior to such
cancellation, if any beneficial interest in a Global Security is exchanged for
Definitive Securities, transferred in exchange for an interest in another Global
Security, redeemed, repurchased or canceled, the principal amount of Securities
represented by such Global Security shall be reduced and an adjustment shall be
made on the books and records of the Trustee (if it is then the Securities
Custodian for such Global Security) with respect to such Global Security, by the
Trustee or the Securities Custodian, to reflect such reduction.

         (g) OBLIGATIONS WITH RESPECT TO TRANSFERS AND EXCHANGES OF SECURITIES.

                  (i) To permit registrations of transfers and exchanges, the
         Company shall execute and the Trustee shall authenticate, Definitive
         Securities and Global Securities at the Registrar's request.

                  (ii) No service charge shall be made for any registration of
         transfer or exchange, but the Company may require payment of a sum
         sufficient to cover any transfer tax, assessments, or similar
         governmental charge payable in connection therewith (other than any
         such transfer taxes, assessments or similar governmental charge payable
         upon exchange or transfer pursuant to Sections 8.5 or 12.3 of the
         Indenture).

                  (iii) Prior to the due presentation for registration of
         transfer of any Security, the Company, the Trustee, the Paying Agent or
         the Registrar may deem and treat the person in whose name a Security is
         registered as the absolute owner of such Security for the purpose of
         receiving payment of principal of and interest on such Security and for
         all other purposes whatsoever, whether or not such Security is overdue,
         and none of the Company, the Trustee, the Paying Agent or the Registrar
         shall be affected by notice to the contrary.

                  (iv) The Company shall not be required to make and the
         Registrar need not register transfers or exchanges of Securities
         selected for redemption (except, in the case of Securities to be
         redeemed in part, the portion thereof not to be redeemed) or any
         Securities for a period of 15 days before the mailing of a notice of
         redemption of Securities to be redeemed.

                  (v) All Securities issued upon any transfer or exchange
         pursuant to the terms of this Supplemental Indenture shall evidence the
         same Debt and shall be entitled to the same benefits under the
         Indenture as the Securities surrendered upon such transfer or exchange.

         (h) NO OBLIGATION OF THE TRUSTEE.

                                       11
<PAGE>

                  (i) The Trustee shall have no responsibility or obligation to
         any beneficial owner of a Global Security, a member of, or a
         participant in the Depositary or any other Person with respect to the
         accuracy of the records of the Depositary or its nominee or of any
         participant or member thereof, with respect to any ownership interest
         in the Securities or with respect to the delivery to any participant,
         member, beneficial owner or other Person (other than the Depositary) of
         any notice (including any notice of redemption or repurchase) or the
         payment of any amount, under or with respect to such Securities. All
         notices and communications to be given to the Holders and all payments
         to be made to Holders under the Securities shall be given or made only
         to the registered Holders (which shall be the Depositary or its nominee
         in the case of a Global Security). The rights of beneficial owners in
         any Global Security shall be exercised only through the Depositary
         subject to the applicable rules and procedures of the Depositary. The
         Trustee may rely and shall be fully protected in relying upon
         information furnished by the Depositary with respect to its members,
         participants and any beneficial owners.

                  (ii) The Trustee shall have no obligation or duty to monitor,
         determine or inquire as to compliance with any restrictions on transfer
         imposed under this Supplemental Indenture or under applicable law with
         respect to any transfer of any interest in any Security (including any
         transfers between or among Depositary participants, members or
         beneficial owners in any Global Security) other than to require
         delivery of such certificates and other documentation or evidence as
         are expressly required by, and to do so if and when expressly required
         by, the terms of this Supplemental Indenture, and to examine the same
         to determine substantial compliance as to form with the express
         requirements hereof.

         SECTION 2.7  DEFINITIVE SECURITIES.

         (a) A Global Security deposited with the Depositary or with the Trustee
as Securities Custodian pursuant to Section 2.3 shall be transferred to the
beneficial owners thereof in the form of Definitive Securities in an aggregate
principal amount equal to the principal amount of such Global Security, in
exchange for such Global Security, only if such transfer complies with Section
2.6 and (i) the Company notifies the Trustee that the Depositary, Euroclear or
Clearstream is no longer willing or able to act as a depositary or clearing
system for the Securities or the Depositary or the Depositary ceases to be a
"clearing agency" registered under the Exchange Act, and a successor depositary
or clearing system is not appointed by the Company within 90 days of such notice
or cessation, (ii) the Company, in its sole discretion, notifies the Trustee in
writing that it elects to cause the issuance of Definitive Securities under the
Indenture, or (iii) upon the occurrence and continuation of an Event of Default.

         (b) Any Global Security that is transferable to the beneficial owners
thereof pursuant to this Section 2.7 shall be surrendered by the Depositary to
the Trustee, to be so transferred, in whole or from time to time in part,
without charge, and the Trustee shall authenticate and deliver, upon such
transfer of each portion of such Global Security, an equal aggregate principal
amount of Definitive Securities of authorized denominations. Any portion of a
Global Security transferred pursuant to this Section 2.7 shall be executed,
authenticated and delivered only in denominations of $1,000 of principal amount
and any integral multiple thereof and registered in such names as the Depositary
shall direct. Any certificated Initial Security in the form of a

                                       12
<PAGE>

Definitive Security delivered in exchange for an interest in the Global Security
shall, except as otherwise provided by Section 2.6, bear the Restricted
Securities Legend.

         (c) The registered Holder of a Global Security may grant proxies and
otherwise authorize any Person, including Participants and Persons that may hold
interests through Participants, to take any action which a Holder is entitled to
take under the Indenture or the Securities.

         (d) In the event of the occurrence of any of the events specified in
Section 2.7(a)(i), (ii) or (iii), the Company will promptly make available to
the Trustee a reasonable supply of Definitive Securities in fully registered
form without interest coupons.

                                  ARTICLE THREE

                            MISCELLANEOUS PROVISIONS

         SECTION 3.1 RATIFICATION. The Indenture, as supplemented and amended by
this Supplemental Indenture, is in all respects hereby adopted, ratified and
confirmed.

         SECTION 3.2 CONFLICTS. In the event of a conflict with any term or
provision in the Indenture, the term or provision in this Supplemental Indenture
shall control.

         SECTION 3.3 COUNTERPARTS. This Supplemental Indenture may be executed
in any number of counterparts, each of which when so executed shall be deemed an
original, and all such counterparts shall together constitute but one and the
same instrument.

         SECTION 3.4 GOVERNING LAW. THIS SUPPLEMENTAL INDENTURE AND EACH
SECURITY SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE
STATE OF NEW YORK WITHOUT REGARD TO THE CHOICE OF LAW PRINCIPLES THEREOF.

                            [signature page follows]

                                       13
<PAGE>

         IN WITNESS WHEREOF, the parties hereto have caused this Supplemental
Indenture No. 1 to be duly executed as of the day and year first above written.

                                       OFFICE DEPOT, INC.

                                       By: /s/ CAROLYN CLARKE
                                           -------------------------------------
                                       Name:  Carolyn Clarke
                                       Title: Vice President and Treasurer

                                       SUNTRUST BANK,
                                          as Trustee

                                       By: /s/ HOLLY LEE JESKE
                                           -------------------------------------
                                       Name:  Holly Lee Jeske
                                       Title: Vice President

                                       14
<PAGE>
                            EXHIBIT A -- Form of Note

                               OFFICE DEPOT, INC.

                     6.250% Senior Notes due August 15, 2013

         Unless this certificate is presented by an authorized representative of
The Depository Trust Company, a New York corporation ("DTC"), to the Company (as
defined below) 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 DTC (and any
payment is made to Cede & Co. or to such other entity as is requested by an
authorized representative of DTC), 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.

No. [____]                                                  U.S.$[_________]
                                                        CUSIP No.:  [______]
                                                          ISIN No.: [______]
                                                   Common Code No.: [______]

         Office Depot, Inc., a corporation duly organized and existing under the
laws of Delaware (herein called the "Company", which term includes any successor
Person under the Indenture hereinafter referred to), for value received, hereby
promises to pay to CEDE & CO., or registered assigns, the principal sum set
forth above or such other principal sum on the Schedule attached hereto (which
shall not exceed U.S.$400,000,000) on August 15, 2013, and to pay interest
thereon from August 11, 2003 or from the most recent interest payment date to
which interest has been paid or duly provided for, semiannually on February 15
and August 15 in each year, commencing February 15, 2004, at the rate of 6.250%
per annum, until the principal hereof is paid or made available for payment;
provided, however, in the event (each such event in clauses (i) through (iii)
below, being referred to as a "Registration Default") that: (i) the Company is
permitted under the law and currently prevailing interpretations of the
Commission's staff to effect the Registered Exchange Offer and (A) the Exchange
Offer Registration Statement is not filed with the Commission on or prior to the
90th day following the Issue Date, (B) the Exchange Offer Registration Statement
is not declared effective on or prior to the 180th day following the Issue Date,
or (C) the Registered Exchange Offer is not consummated on or prior to the 210th
day following the Issue Date; (ii) in the event the Company is required to file
a Shelf Registration Statement and the Shelf Registration Statement (A) is not
filed with the Commission on or prior to the date specified in Section 3 of the
Exchange and Registration Rights Agreement, or (B) is not declared effective by
the Commission on or prior to the date specified in Section 3 of the Exchange
and Registration Rights Agreement; or (iii) after a Registration Statement is
declared effective, (A) such Registration Statement ceases to be effective prior
to the end of the Exchange Offer Registration Period or the Shelf Registration
Period, as applicable, or (B) such Registration Statement or the related
Prospectus ceases to be useable in connection with resales of the Securities
covered by such Registration Statement prior to the end of the Exchange Offer
Registration Period or the Shelf Registration Period, as

                                      A-1
<PAGE>

applicable then, in the event of a Registration Default under clause (i) or (ii)
above, Additional Interest shall accrue on the Securities affected thereby over
and above the interest rate set forth in the title to the Securities from and
including the next day following each such Registration Default, in each case at
a rate equal to 0.25% per annum and, in the event of a Registration Default
under clause (iii) above, if the aggregate number of days in any consecutive
12-month period for which the Registration Statement shall not be usable exceeds
90 days in the aggregate, then Additional Interest shall accrue on the
Securities affected thereby over and above the interest rate set forth in the
title to the Securities from and including the next day following the 60th such
day at a rate equal to 0.25% per annum; PROVIDED, that the aggregate Additional
Interest will in no event exceed 0.25% per annum. Additional Interest
attributable to a Registration Default shall cease to accrue once such
Registration Default is cured.

         The Company shall notify the Trustee within three Business Days after
the occurrence of a Registration Default, and Additional Interest shall be paid
by depositing with the Trustee, in trust for the benefit of the Holders entitled
to receive the Additional Interest, on or before the applicable semiannual
interest payment date, immediately available funds in sums sufficient to pay the
Additional Interest then due. The Additional Interest due shall be payable on
each interest payment date to the record Holder entitled to receive the interest
payment to be paid on such date as set forth in the Indenture.

         The interest (and Additional Interest, if any) so payable, and
punctually paid or duly provided for, on any interest payment date will, as
provided in the 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 February 1 or
August 1 (whether or not a Business Day), as the case may be, next preceding
such interest payment date. 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 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 the Indenture.

         Payment of the principal of (and premium, if any) and interest (and
Additional Interest, if any) on this Security will be made at the office or
agency of the Company maintained for that purpose in the Borough of Manhattan,
The City of New York, 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 or by wire transfer to an
account maintained by the Person entitled thereto as specified in the Security
Register, provided that such Person shall have given the Trustee written wire
instructions at least five Business Days prior to the applicable Interest
Payment Date.

                                      A-2
<PAGE>

         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.

                        [Signatures appear on next page]

                                      A-3
<PAGE>

         IN WITNESS WHEREOF, the Company has caused this instrument to be duly
executed.

Dated: August 11, 2003

                                        OFFICE DEPOT, INC.

                                        By:
                                            ------------------------------------
                                            Name:
                                            Title:

By:
    --------------------------------
    Name:
    Title:

                     TRUSTEE'S CERTIFICATE OF AUTHENTICATION

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

                                        SUNTRUST BANK,
                                          as Trustee

                                        By:
                                            ------------------------------------
                                                    Authorized Signatory

                                      A-4
<PAGE>

                       [FORM OF REVERSE SIDE OF SECURITY]

                     6.250% Senior Notes due August 15, 2013

         Section 1. INDENTURE

         The Company issued the Securities under an Indenture, dated as of
August 11, 2003, between the Company and the Trustee, and Supplemental Indenture
No. 1 thereto, dated as of August 11, 2003 (collectively, the "Indenture"). The
terms of the Securities include those stated in the Indenture and those made
part of the Indenture by reference to the Trust Indenture Act as in effect on
the date of the Indenture. Terms defined in the Indenture and not defined herein
have the meanings ascribed thereto in the Indenture. The Securities are subject
to all terms and provisions of the Indenture, and Securityholders are referred
to the Indenture and the Trust Indenture Act for a statement of such terms and
provisions.

         The Securities are senior unsecured obligations of the Company
initially limited to $400,000,000 aggregate principal amount at any one time
outstanding. This Security is one of the Initial Securities referred to in the
Indenture. The Securities include the Initial Securities and any Exchange
Securities and Private Exchange Securities issued in exchange for Initial
Securities. The Initial Securities, the Exchange Securities and the Private
Exchange Securities are treated as a single class of securities under the
Indenture.

         Section 2. REDEMPTION

         The Securities may be redeemed, in whole or in part, at the option of
the Company at any time or from time to time. The redemption price for the
Securities to be redeemed on any redemption date will be equal to the greater of
the following amounts:

         o        100% of the principal amount of the Securities being redeemed
                  on the redemption date; or

         o        the sum of the present values of the remaining scheduled
                  payments of principal of and interest on the Securities being
                  redeemed on that redemption date (not including any portion of
                  any payments of interest accrued to the redemption date)
                  discounted to the redemption date on a semiannual basis at the
                  Treasury Rate (as defined below), plus 30 basis points,

plus, in each case, accrued and unpaid interest on the notes to the redemption
date.

         Notwithstanding the foregoing, installments of interest on Securities
that are due and payable on interest payment dates falling on or prior to a
redemption date will be payable on the interest payment date to the Holders as
of the close of business on the relevant record date. The redemption price will
be calculated on the basis of a 360-day year consisting of twelve 30-day months.

                                      A-5
<PAGE>

         "Comparable Treasury Issue" means the United States Treasury security
selected by the Reference Treasury Dealer as having a maturity comparable to the
remaining term of the notes.

         "Comparable Treasury Price" means, with respect to any redemption date,
(A) the average of the Reference Treasury Dealer Quotations for such redemption
date, after excluding the highest and lowest such Reference Treasury Dealer
Quotations, or (B) if the Trustee obtains fewer than three such Reference
Treasury Dealer Quotations, the average of all such Quotations, or (C) if only
one Reference Treasury Dealer Quotation is received, such Quotation.

         "Reference Treasury Dealer" means (A) Citigroup Global Markets Inc. or
Goldman, Sachs & Co. (or their respective affiliates which are Primary Treasury
Dealers), and their respective successors; provided, however, that if any of the
foregoing shall cease to be a primary U.S. Government securities dealer in New
York City (a "Primary Treasury Dealer"), the Company will substitute therefor
another Primary Treasury Dealer; and (B) any other Primary Treasury Dealer(s)
selected by the Company.

         "Reference Treasury Dealer Quotation" means, with respect to each
Reference Treasury Dealer and any redemption date, the average, as determined by
the Trustee, 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 such Reference Treasury Dealer at 5:00 p.m. (New York
City time) on the third Business Day preceding such redemption date.

         "Treasury Rate" means, with respect to any redemption date, the rate
per annum equal to the semiannual 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
such redemption date.

         Section 3. SINKING FUND

         The Securities are not subject to any sinking fund.

         Section 4. DENOMINATIONS; TRANSFER; EXCHANGE

         The Securities are in registered form without coupons in denominations
of $1,000 and whole multiples of $1,000. A Holder may transfer or exchange
Securities in accordance with the Indenture. Upon any transfer or exchange, the
Registrar and the Trustee may require a Holder, among other things, to furnish
appropriate endorsements or transfer documents and to pay any taxes required by
law or permitted by the Indenture. The Registrar need not register the transfer
of or exchange any Securities selected for redemption or to transfer or exchange
any Securities for a period of 15 days prior to the mailing of a notice of
redemption of Securities to be redeemed.

         Section 5. PERSONS DEEMED OWNERS

         The registered Holder of this Security may be treated as the owner of
it for all purposes.

                                      A-6
<PAGE>

         Section 6.  UNCLAIMED MONEY

         If money for the payment of principal or interest remains unclaimed for
two years, the Trustee or Paying Agent shall pay the money back to the Company
at its written request unless an abandoned property law designates another
Person. After any such payment, Holders entitled to the money must look only to
the Company and not to the Trustee for payment.

         Section 7. DISCHARGE AND DEFEASANCE

         Subject to certain conditions, the Company at any time may terminate
some of or all its obligations under the Securities and the Indenture if the
Company deposits with the Trustee money or U.S. Government Obligations for the
payment of principal and interest on the Securities to redemption or maturity,
as the case may be.

         Section 8. TRUSTEE DEALINGS WITH THE COMPANY

         Subject to certain limitations imposed by the Trust Indenture Act, the
Trustee under the Indenture, in its individual or any other capacity, may become
the owner or pledgee of Securities and may otherwise deal with and collect
obligations owed to it by the Company or its Affiliates and may otherwise deal
with the Company or its Affiliates with the same rights it would have if it were
not Trustee.

         Section 9. NO RECOURSE AGAINST OTHERS

         A director, officer, employee or stockholder, as such, of the Company
shall not have any liability for any obligations of the Company under the
Securities or the Indenture or for any claim based on, in respect of or by
reason of such obligations or their creation. By accepting a Security, each
Securityholder waives and releases all such liability. The waiver and release
are part of the consideration for the issue of the Securities.

         Section 10. AUTHENTICATION

         This Security shall not be valid until an authorized signatory of the
Trustee (or an authenticating agent) manually signs the certificate of
authentication on the other side of this Security.

         Section 11. GOVERNING LAW

         THIS SECURITY SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH,
THE LAWS OF THE STATE OF NEW YORK BUT WITHOUT GIVING EFFECT TO APPLICABLE
PRINCIPLES OF CONFLICTS OF LAW TO THE EXTENT THAT THE APPLICATION OF THE LAWS OF
ANOTHER JURISDICTION WOULD BE REQUIRED THEREBY.

                                      A-7
<PAGE>

         Section 12. CUSIP NUMBERS

         Pursuant to a recommendation promulgated by the Committee on Uniform
Security Identification Procedures, the Company has caused CUSIP numbers to be
printed on the Securities and has directed the Trustee to use CUSIP numbers in
notices of redemption as a convenience to Securityholders. No representation is
made as to the accuracy of such numbers either as printed on the Securities or
as contained in any notice of redemption and reliance may be placed only on the
other identification numbers placed thereon.

         Section 13. HOLDERS' COMPLIANCE WITH THE EXCHANGE AND REGISTRATION
RIGHTS AGREEMENT

         Each Holder of a Security, by acceptance hereof, acknowledges and
agrees to the provisions of the Exchange and Registration Rights Agreement,
including, without limitation, the obligations of the Holders with respect to a
registration and the indemnification of the Company to the extent provided
therein. In the event of a conflict between the terms of this Security and the
Exchange and Registration Rights Agreement, the terms of the Exchange and
Registration Rights Agreement shall control.

         The Company will furnish to any Holder of Securities upon written
request and without charge to the Holder a copy of the Indenture which has in it
the text of this Security.

                                      A-8
<PAGE>
                    CERTIFICATE TO BE DELIVERED UPON EXCHANGE
                    OR REGISTRATION OF TRANSFER OF SECURITIES

         This Certificate relates to $_____________ principal amount of
Securities held in (check applicable space) ___ book-entry or ___ definitive
form by _________________________ (the "Transferor").

The Transferor (check one box below):

         has requested the Trustee by written order to deliver in exchange for
         its beneficial interest in the Global Security held by the Depositary a
         Security or Securities in definitive, registered form of authorized
         denominations in an aggregate principal amount equal to its beneficial
         interest in such Global Security (or the portion thereof indicated
         above); or

         has requested the Trustee by written order to exchange or register the
         transfer of a Security or Securities.

         In connection with any transfer of any of the Securities evidenced by
this certificate occurring prior to the expiration of the period referred to in
Rule 144(k) under the Securities Act of 1933, the undersigned confirms that such
Securities are being transferred in accordance with its terms:

CHECK ONE BOX BELOW

         (1)  [_]   to the Company; or

         (2)  [_]   pursuant to an effective registration statement under
                    the Securities Act of 1933; or

         (3)  [_]   inside the United States to a "qualified institutional
                    buyer" (as defined in Rule 144A under the Securities Act of
                    1933) that purchases for its own account or for the account
                    of a qualified institutional buyer to whom notice is given
                    that such transfer is being made in reliance on Rule 144A,
                    in each case pursuant to and in compliance with Rule 144A
                    under the Securities Act of 1933; or

         (4)  [_]   outside the United States in an offshore transaction within
                    the meaning of Regulation S under the Securities Act in
                    compliance with Rule 904 under the Securities Act of 1933;
                    or

         (5)  [_]   pursuant to another available exemption from registration
                    provided by Rule 144 under the Securities Act of 1933.

         Prior to the expiration of the period referred to in Rule 144(k),
unless one of the boxes is checked, the Trustee will refuse to register any of
the Securities evidenced by this certificate in the name of any Person other
than the registered holder thereof; provided, however, that if box

                                      A-9
<PAGE>

(3), (4) or (5) is checked, the Trustee may require, prior to registering any
such transfer of the Securities, such legal opinions, certifications and other
information satisfactory to the Company and the Trustee to confirm that such
transfer is being made pursuant to an exemption from, or in a transaction not
subject to, the registration requirements of the Securities Act of 1933.

                                       -----------------------------------------
                                       [INSERT NAME OF TRANSFEROR]

Dated:                                 By:
      ------------------------             -------------------------------------

                                      A-10
<PAGE>

                              SCHEDULE OF EXCHANGES

         The following exchanges of a part of this Book-Entry Security have been
made:

<TABLE>
<CAPTION>

                                                                           Principal Amount of this         Signature of
                      Amount of decrease in      Amount of increase in        Book-Entry Security       authorized signatory
                       Principal Amount of        Principal Amount of       following such decrease         of Trustee or
Date of Exchange    this Book-Entry Security    this Book-Entry Security         (or increase            Security Custodian
----------------    ------------------------    ------------------------   ------------------------     --------------------
<S>                  <C>                         <C>                         <C>                         <C>
</TABLE>

                                      A-11
<PAGE>

                                 ASSIGNMENT FORM

To assign this Security, fill in the form below:
I or we assign and transfer this Security to

--------------------------------------------------------------------------------
              (Print or type assignee's name, address and zip code)

--------------------------------------------------------------------------------
                  (Insert assignee's soc. sec. or tax I.D. No.)

and irrevocably appoint _____________________________________agent to transfer
this Security on the books of the Company. The agent may substitute another to
act for him.

Date: ______________________ Your Signature: ______________________________

----------------------------------------------------------------------------
      Sign exactly as your name appears on the other side of this Security.

                                      A-12

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