Document:

exv10w14xay

 

Exhibit 10.14(a)

JACK IN THE BOX INC.

RESTRICTED STOCK AWARDS OUTSTANDING

UNDER THE 2002 STOCK INCENTIVE PLAN

SUMMARY AS OF OCTOBER 1, 2006

	 	 	 	 	 	 	 	 	 
	Awardee	 	Number of Shares Awarded	 	Award Date
	Linda Lang
	 	 	55,000	 	 	November 8, 2002
	Larry Schauf
	 	 	50,000	 	 	November 8, 2002
	Carlo Cetti
	 	 	29,600	 	 	November 8, 2002
	David Theno
	 	 	28,000	 	 	November 8, 2002
	Gary Beisler
	 	 	25,000	 	 	February 14, 2003
	Richard Pugh
	 	 	10,000	 	 	August 1, 2003
	Linda Lang
	 	 	35,000	 	 	September 10, 2004
	Jerry Rebel
	 	 	18,127	 	 	February 17, 2005
	Paul Melancon
	 	 	1,500	 	 	August 4, 2005
	Linda Lang
	 	 	10,000	 	 	September 16, 2005
	Jerry Rebel
	 	 	13,159	 	 	September 16, 2005
	Paul Schultz
	 	 	15,084	 	 	September 16, 2005exv10w19

 

Exhibit 10.19

EXECUTIVE COMPENSATION — BASE SALARIES

Effective
November 13, 2006, the Compensation Committee of Jack in the Box Inc. approved new annual
base salaries for Chairman and Chief Executive Officer Linda A. Lang of $750,000, President and
Chief Operating Officer Paul L. Schultz of $512,000, Executive Vice President Jerry P. Rebel of
$365,000, Executive Vice President Lawrence E. Schauf of $391,000, Senior Vice
President David M. Theno of $365,000 and Gary Beisler, the Chief Executive Officer of the
Company’s wholly owned subsidiary Qdoba Restaurant Corporation, of $315,000.exv10w21

 

Exhibit 10.21

DIRECTOR COMPENSATION

FISCAL YEAR 2007

For service as a non-management director during fiscal 2007, each director will receive an
annual cash retainer of $30,000 and meeting fees of $2,500 for each Board meeting and $1,500 for
each Committee meeting attended. Under the Company’s Deferred Compensation Plan for Non-Management
Directors, directors may elect to defer payment of all or any part of their directors fees.
Non-management directors  also receive an annual stock option grant
generally limited to 10,000 shares or less under
the Jack in the Box Inc. 2004 Stock Incentive Plan. The Company executes an Indemnification
Agreement with each of its directors, the form of which is attached to the Company’s Form 10-K for
the fiscal year ended September 29, 2002, as Exhibit 10.11.EX-4.01

 

Exhibit 4.01

CITIGROUP FUNDING INC.,

as Issuer

CITIGROUP INC.,

as Guarantor

and

U.S. BANK NATIONAL ASSOCIATION,

as Warrant Agent

 

WARRANT AGREEMENT

dated as of November 22, 2006

 

 

	 	 	 	 	 	 	 	 	 
	ARTICLE I

	DEFINITIONS

	Section 1.01.	 	Definitions.
	 	 	1	 
	 	 	 	 	Actual Exercise Date
	 	 	1	 
	 	 	 	 	Affiliate
	 	 	1	 
	 	 	 	 	Agreement
	 	 	2	 
	 	 	 	 	Authenticating Agent
	 	 	2	 
	 	 	 	 	Authorized Newspaper
	 	 	2	 
	 	 	 	 	Automatic Exercise
	 	 	2	 
	 	 	 	 	Automatic Exercise Procedures
	 	 	2	 
	 	 	 	 	Bearer Warrant
	 	 	2	 
	 	 	 	 	Board of Directors
	 	 	2	 
	 	 	 	 	Board Resolution
	 	 	2	 
	 	 	 	 	Book-Entry Warrant
	 	 	3	 
	 	 	 	 	Business Day
	 	 	3	 
	 	 	 	 	Calculation Agent
	 	 	3	 
	 	 	 	 	Cash Settled Warrants
	 	 	3	 
	 	 	 	 	Company
	 	 	3	 
	 	 	 	 	Company Order; Company Request
	 	 	3	 
	 	 	 	 	Corporate Trust Office
	 	 	3	 
	 	 	 	 	Currency
	 	 	4	 
	 	 	 	 	DTC Agent
	 	 	4	 
	 	 	 	 	Depositary
	 	 	4	 
	 	 	 	 	Designated Currency
	 	 	4	 
	 	 	 	 	Exchange Act
	 	 	4	 
	 	 	 	 	Exercise Date
	 	 	4	 
	 	 	 	 	Exercise Notice
	 	 	4	 
	 	 	 	 	Exercise Period
	 	 	4	 
	 	 	 	 	Foreign Currency
	 	 	4	 
	 	 	 	 	GAAP
	 	 	4	 
	 	 	 	 	Global Warrant
	 	 	5	 

 

 

	 	 	 	 	 	 	 	 	 
	 	 	 	 	Guarantee
	 	 	5	 
	 	 	 	 	Guarantor
	 	 	5	 
	 	 	 	 	Indebtedness
	 	 	5	 
	 	 	 	 	Members
	 	 	5	 
	 	 	 	 	Officers’ Certificate
	 	 	5	 
	 	 	 	 	Opinion of Counsel
	 	 	5	 
	 	 	 	 	Paying Agent
	 	 	6	 
	 	 	 	 	Person
	 	 	6	 
	 	 	 	 	Physical Delivery Warrants
	 	 	6	 
	 	 	 	 	Place of Payment
	 	 	6	 
	 	 	 	 	Register
	 	 	6	 
	 	 	 	 	Registered Warrant
	 	 	6	 
	 	 	 	 	Registrar
	 	 	6	 
	 	 	 	 	Responsible Officers
	 	 	6	 
	 	 	 	 	SEC
	 	 	6	 
	 	 	 	 	Securities Act
	 	 	7	 
	 	 	 	 	Settlement Amount; Cash Settlement Amount; Physical Settlement Amount
	 	 	7	 
	 	 	 	 	Settlement Date
	 	 	7	 
	 	 	 	 	Significant Subsidiary
	 	 	7	 
	 	 	 	 	Subsidiary
	 	 	7	 
	 	 	 	 	Successor Company
	 	 	7	 
	 	 	 	 	Warrant
	 	 	7	 
	 	 	 	 	Warrant Agent
	 	 	7	 
	 	 	 	 	Warrant Custodian
	 	 	8	 
	 	 	 	 	Warrantholder; holder of Warrants, holder; registered holder
	 	 	8	 
	 	 	 	 	U.S. Dollars
	 	 	8	 
	 	 	 	 	United States
	 	 	8	 
	 	 	 	 	Voting Stock
	 	 	8	 
	 	 	 	 	 
	 	 	 	 
	ARTICLE II

	ISSUANCE AND FORMS OF WARRANTS

	Section 2.01.	 	Issuance of Warrants.
	 	 	8	 
	Section 2.02.	 	Forms of Warrants.
	 	 	8	 

 

 

	 	 	 	 	 	 	 	 	 
	Section 2.03.	 	Form of Bearer Warrant
	 	 	9	 
	Section 2.04.	 	Form of Warrant Agent’s Certificate of Authentication
	 	 	9	 
	Section 2.05.	 	Form of Warrant Agent’s Certificate of Authentication by an Authenticating Agent
	 	 	10	 
	 	 	 	 	 
	 	 	 	 
	ARTICLE III

	THE WARRANTS

	Section 3.01.	 	Amount Unlimited; Issuable in Series
	 	 	10	 
	Section 3.02.	 	Execution, Authentication, Delivery and Dating
	 	 	13	 
	Section 3.03.	 	Temporary Warrants
	 	 	16	 
	Section 3.04.	 	Registrar and Paying Agent
	 	 	17	 
	Section 3.05.	 	DTC Agent
	 	 	18	 
	Section 3.06.	 	Transfer and Exchange
	 	 	18	 
	Section 3.07.	 	Mutilated, Destroyed, Lost and Stolen Warrants
	 	 	22	 
	Section 3.08.	 	Cancellation
	 	 	23	 
	Section 3.09.	 	Currency of Payments in Respect of Cash-Settled Warrants
	 	 	23	 
	Section 3.10.	 	Return of Monies Held Unclaimed for Two Years
	 	 	24	 
	Section 3.11.	 	Judgments
	 	 	24	 
	Section 3.12.	 	CUSIP Numbers
	 	 	24	 
	 	 	 	 	 
	 	 	 	 
	ARTICLE IV

	EXERCISE OF WARRANTS

	Section 4.01.	 	General
	 	 	25	 
	Section 4.02.	 	Exercise and Delivery of Warrants; Delivery of Settlement Amount
	 	 	25	 
	Section 4.03.	 	Automatic Exercise of Warrants
	 	 	27	 
	 	 	 	 	 
	 	 	 	 
	ARTICLE V

	OTHER PROVISIONS RELATING TO RIGHTS OF WARRANTHOLDERS

	Section 5.01.	 	Merger, Consolidation, Sale, Transfer or Conveyance
	 	 	29	 
	Section 5.02.	 	Rights Conferred by Warrants
	 	 	29	 
	Section 5.03.	 	Notice of Certain Events
	 	 	30	 
	Section 5.04.	 	Disclaimer of Responsibility for Calculations or Determinations
	 	 	30	 
	Section 5.05.	 	Warrantholder May Enforce Rights
	 	 	30	 
	 	 	 	 	 
	 	 	 	 
	ARTICLE VI

	WARRANTS ACQUIRED BY THE COMPANY; PAYMENT OF TAXES

	Section 6.01.	 	Warrants Acquired by the Company
	 	 	30	 

 

 

	 	 	 	 	 	 	 	 	 
	Section 6.02.	 	Payment of Taxes
	 	 	30	 
	 	 	 	 	 
	 	 	 	 
	ARTICLE VII

	CONCERNING THE WARRANT AGENT

	Section 7.01.	 	Warrant Agent
	 	 	31	 
	Section 7.02.	 	Conditions of Warrant Agent’s Obligations
	 	 	31	 
	Section 7.03.	 	Resignation and Appointment of Successor
	 	 	33	 
	Section 7.04.	 	Appointment of Authenticating Agent
	 	 	35	 
	 	 	 	 	 
	 	 	 	 
	ARTICLE VIII

	GUARANTEE

	Section 8.01.	 	Full and Unconditional Guarantee
	 	 	35	 
	Section 8.02.	 	Execution and Delivery of Guarantee
	 	 	37	 
	Section 8.03.	 	Waiver of Subrogation
	 	 	37	 
	Section 8.04.	 	Limitation on Liens
	 	 	37	 
	Section 8.05.	 	Merger, Consolidation and Sale of Assets
	 	 	38	 
	Section 8.06.	 	Assumption by Guarantor
	 	 	39	 
	Section 8.07.	 	Article Eight Applicable to Paying Agent
	 	 	39	 
	Section 8.08.	 	No Suspension of Remedies
	 	 	39	 
	 	 	 	 	 
	 	 	 	 
	ARTICLE IX

	MISCELLANEOUS

	Section 9.01.	 	Amendment
	 	 	39	 
	Section 9.02.	 	Certificates and Opinions as to Conditions Precedent
	 	 	40	 
	Section 9.03.	 	Notices to the Company, Guarantor and Warrant Agent
	 	 	41	 
	Section 9.04.	 	Notices to Holders; Waiver
	 	 	41	 
	Section 9.05.	 	Legal Holiday
	 	 	42	 
	Section 9.06.	 	Obtaining of Approvals
	 	 	42	 
	Section 9.07.	 	Persons Having Rights Under This Agreement
	 	 	42	 
	Section 9.08.	 	Successors and Assigns
	 	 	42	 
	Section 9.09.	 	Separability Clause
	 	 	43	 
	Section 9.10.	 	Inspection of Agreement
	 	 	43	 
	Section 9.11.	 	Headings
	 	 	43	 
	Section 9.12.	 	Counterparts
	 	 	43	 
	Section 9.13.	 	GOVERNING LAW.
	 	 	43	 
	SIGNATURES
	 	 
	 	 	 	 

 

 

          WARRANT AGREEMENT, dated as of November 22, 2006, among CITIGROUP FUNDING INC., a corporation
organized and existing under the laws of the State of Delaware (the “Company”), CITIGROUP INC., a
corporation organized and existing under the laws of the State of Delaware, as guarantor (the
“Guarantor”), and U.S. BANK NATIONAL ASSOCIATION, a national banking association, as warrant agent
(the “Warrant Agent”).

W I T N E S S E T H :

          WHEREAS, the Company has duly authorized the issue, in one or more series as in this Agreement
provided, from time to time of its warrants (the “Warrants”) and, to provide the general terms and
conditions upon which the Warrants are to be authenticated, issued and delivered, the Company has
duly authorized the execution and delivery of this Agreement;

          WHEREAS, the Guarantor has duly authorized the full and unconditional guarantee of the
Warrants and, to provide the general terms and conditions of the Warrants and the guarantee of
same, the Guarantor has duly authorized the execution and delivery of this Agreement; and

          WHEREAS, the Company and the Guarantor desire the Warrant Agent to act on behalf of the
Company and the Guarantor, and the Warrant Agent is willing so to act, in connection with the
issuance, transfer and exercise of the Warrants;

          NOW, THEREFORE, the parties hereto agree as follows:

ARTICLE I

Definitions

          SECTION 1.01. Definitions. Unless the context otherwise requires, the terms defined in
this Section 1.01 shall for all purposes of this Agreement have the meanings hereinafter set forth,
the following definitions to be equally applicable to both the singular and the plural forms of any
of the terms herein defined:

Actual Exercise Date:

     The term “Actual Exercise Date” for a Warrant shall mean (i) the Business Day on which the
Warrant Agent receives the Warrant and Exercise Notice in proper form with respect to such Warrant,
if received at or prior to 3:00 p.m., New York City time, on such day, or (ii) if the Warrant Agent
receives such Warrant and Exercise Notice after 3:00 p.m., New York City time, on a Business Day,
then the Business Day next succeeding such Business Day.

Affiliate:

     The term “Affiliate,” with respect to any specified Person shall mean any other Person
directly or indirectly controlling or controlled by or under direct or indirect common control with
such specified Person. For the purposes of this definition, “control” when used with respect to
any specified Person means the power to direct the management and policies of such Person,

 

 

directly or indirectly, whether through the ownership of voting securities, by contract or
otherwise; and the terms “controlling” and “controlled” have meanings correlative to the foregoing.

Agreement:

     The term “Agreement” or “this Agreement” shall mean this instrument and all agreements
supplemental hereto.

Authenticating Agent:

     The term “Authenticating Agent” shall have the meaning assigned to it in Section 7.04.

Authorized Newspaper:

     The term “Authorized Newspaper” shall mean a newspaper in an official language of the country
of publication customarily published at least once a day, and customarily published for at least
five days in each calendar week, and of general circulation in such city or cities specified
pursuant to Section 3.01 with respect to the Warrants of any series. Where successive publications
are required to be made in Authorized Newspapers, the successive publications may be made in the
same or in different newspapers in the same city meeting the foregoing requirements and in each
case on any Business Day in such city.

Automatic Exercise:

     The term “Automatic Exercise” shall have the meaning assigned to it in Section 4.03.

Automatic Exercise Procedures:

     The term “Automatic Exercise Procedures” shall have the meaning assigned to it in Section
4.03.

Bearer Warrant:

     The term “Bearer Warrant” shall mean any Warrant title to which passes by delivery only.

Board of Directors:

     The term “Board of Directors” shall mean either the board of directors of the Company or the
Guarantor, as applicable, or the executive or any other committee of that board duly authorized to
act in respect hereof.

Board Resolution:

     The term “Board Resolution” shall mean a copy of a resolution or resolutions certified by the
Secretary or an Assistant Secretary of the Company or the Guarantor, as applicable, to have been
duly adopted by the Board of Directors (or by the Finance Committee of the Board of Directors or
any other committee of the Board of Directors or committee of officers or other

2

 

representatives of the Company or the Guarantor, as applicable, to the extent that any such
other committee or committees have been authorized by the Board of Directors to establish or
approve the matters contemplated) and to be in full force and effect on the date of such
certification and delivered to the Warrant Agent.

Book-Entry Warrant:

     The term “Book-Entry Warrant” shall have the meaning assigned to it in Section 3.05(a).

Business Day:

     The term “Business Day,” when used with respect to any Place of Payment or any other
particular location referred to in this Agreement or in the Warrants, shall mean each Monday,
Tuesday, Wednesday, Thursday and Friday which is not a day on which banking institutions in that
Place of Payment or other location are authorized or obligated by law or executive order to close.

Calculation Agent:

     The term “Calculation Agent” shall have the meaning assigned to it in Section 4.02(a)(ii).

Cash Settled Warrants:

     The term “Cash Settled Warrants” shall have the meaning assigned to it in Section 3.01(f).

Company:

     The term “Company” shall mean Citigroup Funding Inc., a corporation organized and existing
under the laws of the State of Delaware and, subject to the provisions of Section 5.01, shall also
include its successors and assigns.

Company Order; Company Request:

     The term “Company Order” or “Company Request” shall mean, respectively, a written order or
request signed in the name of the Company by the Chairman, the President or a Vice President (any
reference to a Vice President of the Company herein shall be deemed to include any Vice President
of the Company whether or not designated by a number or word or words and before or after the title
“Vice President”), and by the Treasurer, an Assistant Treasurer, the Controller, an Assistant
Controller, the Secretary or an Assistant Secretary of the Company, and delivered to the Warrant
Agent.

Corporate Trust Office:

     The term “Corporate Trust Office,” or other similar term, shall mean the principal office of
the Warrant Agent in the Borough of Manhattan, The City of New York, at which at any particular
time the terms and provisions of this Agreement shall be administered, which office at the date
hereof is located at 100 Wall Street, 16th Floor, New York, New York 10005.

3

 

Currency:

     The term “Currency” shall mean U.S. Dollars or Foreign Currency.

DTC Agent:

     The term “DTC Agent” shall have the meaning assigned to it in Section 3.05(a).

Depositary:

     The term “Depositary” shall mean, with respect to the Warrants of any series issuable in whole
or in part in the form of one or more Global Warrants, the Person designated as Depositary by the
Company pursuant to Section 3.01 until a successor Depositary shall have become such pursuant to
the applicable provisions of this Agreement, and thereafter “Depositary” shall mean or include each
Person who is then a Depositary hereunder, and if at any time there is more than one such Person,
“Depositary” as used with respect to the Warrants of any such series shall mean the Depositary with
respect to the Warrants of that series.

Designated Currency:

     The term “Designated Currency” shall have the meaning assigned to it in Section 3.11.

Exchange Act:

     The term “Exchange Act” shall mean the Securities Exchange Act of 1934, as amended.

Exercise Date:

     The term “Exercise Date” shall have the meaning assigned to it in Section 3.01(d).

Exercise Notice:

     The term “Exercise Notice” shall have the meaning assigned to it in Section 4.02(a).

Exercise Period:

     The term “Exercise Period” shall have the meaning assigned to it in Section 3.01(d).

Foreign Currency:

     The term “Foreign Currency” shall mean a currency issued by the government of any country
other than the United States or a composite currency, the value of which is determined by reference
to the values of the currencies of any group of countries.

GAAP:

     The term “GAAP,” with respect to any computation required or permitted hereunder, shall mean
generally accepted accounting principles in effect in the United States of America

4

 

which are applicable at the date of such computation and which are consistently applied for
all applicable periods.

Global Warrant:

     The term “Global Warrant” shall mean any Registered or Bearer Warrant evidencing all or part
of a series of Warrants, issued in fully-registered certificated form to the Depositary for such
series in accordance with Section 3.02 and bearing the legend prescribed in Section 3.02(g).

Guarantee:

     The term “Guarantee” shall have the meaning assigned to it in Section 8.01.

Guarantor:

     The term “Guarantor” shall mean Citigroup Inc., a corporation organized and existing under the
laws of the State of Delaware, and, subject to the provisions of Section 8.05, shall also include
its successors and assigns.

Indebtedness:

     The term “Indebtedness” shall mean any and all obligations of a Person for money borrowed
which, in accordance with GAAP, would be reflected on the balance sheet of such Person as a
liability on the date as of which Indebtedness is to be determined.

Members:

     The term “Members” shall have the meaning assigned to it in Section 3.02(i).

Officers’ Certificate:

     The term “Officers’ Certificate” when used (i) with respect to the Company, shall mean a
certificate signed by the Chairman, the President or a Vice President, and by the Treasurer, an
Assistant Treasurer, the Controller, the Secretary or an Assistant Secretary of the Company and
(ii) with respect to the Guarantor, shall mean a certificate signed by the Chairman, any Vice
Chairman, the President, any Vice President, the Chief Financial Officer, the Chief Accounting
Officer, the General Counsel, the Controller or any Deputy Controller and by the Treasurer, any
Assistant Treasurer, the Secretary or any Assistant Secretary of the Guarantor and, in each case,
delivered to the Warrant Agent. Each such certificate shall include the statements provided for in
Section 9.02 if and to the extent required by the provisions of such Section.

Opinion of Counsel:

     The term “Opinion of Counsel” shall mean an opinion in writing signed by legal counsel, who
may be an employee of or of counsel to the Company or Guarantor, or may be other counsel
satisfactory to the Warrant Agent. Each such opinion shall include the statements provided for in
Section 9.02 if and to the extent required by the provisions of such Section.

5

 

Paying Agent:

     The term “Paying Agent” shall have the meaning assigned to it in Section 3.04(b).

Person:

     The term “Person” shall mean an individual, a corporation, a limited liability company, a
partnership, an association, a joint stock company, a trust, an unincorporated organization or a
government or an agency or political subdivision thereof.

Physical Delivery Warrants:

     The term “Physical Delivery Warrants” shall have the meaning assigned to it in Section
3.01(f).

Place of Payment:

     The term “Place of Payment” shall mean, when used with respect to the Warrants of any series,
the place or places where the Settlement Amount, if any, to be delivered upon exercise with respect
to the Warrants of that series are payable as specified pursuant to Section 3.01.

Register:

     The term “Register” shall have the meaning assigned to it in Section 3.04(a).

Registered Warrant:

     The term “Registered Warrant” shall mean any Warrant registered in the Register.

Registrar:

     The term “Registrar” shall have the meaning assigned to it in Section 3.04(a).

Responsible Officers:

     The term “Responsible Officers” of the Warrant Agent hereunder shall mean any vice president,
any assistant vice president, any assistant secretary, any assistant treasurer, any trust officer,
any assistant trust officer or any other officer associated with the corporate trust department of
the Warrant Agent customarily performing functions similar to those performed by any of the above
designated officers and also means, with respect to a particular corporate trust matter, any other
officer to whom such matter is referred because of such person’s knowledge of and familiarity with
the particular subject and, in the case of any such officer, who shall have direct responsibility
for the administration of this Agreement.

SEC:

     The term “SEC” shall mean the U.S. Securities and Exchange Commission.

6

 

Securities Act:

     The term “Securities Act” shall mean the Securities Act of 1933, as amended.

Settlement Amount; Cash Settlement Amount; Physical Settlement Amount:

     The term “Settlement Amount” shall mean (1) with respect to Cash Settled Warrants, the amount
of cash (the “Cash Settlement Amount”) and (2) with respect to Physical Delivery Warrants, the
quantity of the relevant underlying assets (the “Physical Settlement Amount”), which amount or
quantity a holder is entitled to receive on the Settlement Date upon proper exercise of the
Warrants, including upon Automatic Exercise, as specified pursuant to Section 3.01.

Settlement Date:

     The term “Settlement Date” shall have the meaning assigned to it in Section 3.01(e).

Significant Subsidiary:

     The term “Significant Subsidiary” shall have the meaning assigned to it in Section 8.04(c).

Subsidiary:

     The term “Subsidiary,” when used with respect to any Person, shall mean any corporation or
other entity of which a majority of (a) the voting power of the voting equity securities or (b) in
the case of a partnership or any other entity other than a corporation, the outstanding equity
interests of which are owned, directly or indirectly, by such Person. For the purposes of this
definition, “voting equity securities” means equity securities having voting power for the election
of directors, whether at all times or only so long as no senior class of securities has such voting
power by reason of any contingency.

Successor Company:

     The term “Successor Company” shall have the meaning assigned to it in Section 3.06(i).

Warrant:

     The term “Warrant” shall mean one of the Warrants duly authenticated by the Warrant Agent and
delivered pursuant to the provisions of this Agreement.

Warrant Agent:

     The term “Warrant Agent” shall mean U.S. Bank National Association (whether original or
successor), as initial warrant agent hereunder in respect of series of Warrants to be issued to
Safety First trusts in connection with any issuance of Safety First trust certificates, and any
other agent appointed as such, as used with respect to the Warrants of any series.

7

 

Warrant Custodian:

     The term “Warrant Custodian” shall mean the custodian with respect to any Global Warrant
appointed by the Depositary, or any successor Person thereto, and shall initially be the Paying
Agent.

Warrantholder; holder of Warrants;

holder; registered holder:

     The term “Warrantholder” or “holder of Warrants” or “holder” or “registered holder,” with
respect to a Registered Warrant, shall mean the Person in whose name such Warrants shall be
registered in the Register kept for that purpose hereunder and, with respect to a Bearer Warrant,
the bearer thereof.

U.S. Dollars:

     The term “U.S. Dollars” shall mean such currency of the United States of America as at the
time of payment shall be legal tender for the payment of public and private debts.

United States:

     The term “United States” shall mean the United States of America (including the States and the
District of Columbia), its territories and its possessions and other areas subject to its
jurisdiction.

Voting Stock:

     The term “Voting Stock” shall have the meaning specified in Section 8.04(b).

ARTICLE II

ISSUANCE AND FORMS OF WARRANTS

          SECTION 2.01. Issuance of Warrants. This Agreement shall apply to each series of
Warrants as to which it shall become effective. Upon issuance of the Warrants by or pursuant to a
Board Resolution and set forth in an Officers’ Certificate, the Warrants will constitute direct,
unconditional and unsecured obligations of the Company and will rank on a parity with the Company’s
other unsecured contractual obligations and with the Company’s unsecured and unsubordinated debt.

          SECTION 2.02. Forms of Warrants. (a) The Warrants of each series shall be
substantially in one of the forms established by or pursuant to a Board Resolution and set forth in
an Officers’ Certificate and shall have such appropriate insertions, omissions, substitutions and
other variations as are required or permitted by this Agreement, and may have such letters, numbers
or other marks of identification or designation and such legends or endorsements placed thereon as
the Company may deem appropriate and as are not inconsistent with the provisions of this Agreement,
or as may be required to comply with any law or with any rule or regulation made pursuant thereto
or with any rule or regulation of any securities exchange on which any

8

 

series of the Warrants may be listed or of any automated quotation system on which any such
series may be quoted, or to conform to usage, all as determined by the officers executing such
Warrants as conclusively evidenced by their execution of such Warrants. If the form of a series of
Warrants is established in or pursuant to a Board Resolution, a copy of such Board Resolution shall
be delivered to the Warrant Agent at or prior to the delivery of the Officers’ Certificate setting
forth the form of such series.

          (b) The terms and provisions of the Warrants shall constitute, and are hereby expressly made,
a part of this Agreement, and, to the extent applicable, the Company, the Guarantor and the Warrant
Agent, by their execution and delivery of this Agreement expressly agree to such terms and
provisions and to be bound thereby.

          SECTION 2.03. Form of Bearer Warrant. (a) Each Bearer Warrant shall bear a legend
substantially to the following effect:

“Any United States Person who holds this obligation will be subject to limitations under the
United States income tax laws, including the limitations provided in Sections 165(j) and
1287(a) of the Internal Revenue Code.”

          (b) The definitive Warrants, if any, of each series shall be printed, lithographed or engraved
or produced by any combination of these methods on steel engraved borders or may be produced in any
other manner, provided that such manner is permitted by the rules of any securities exchange on
which such series of Warrants may be listed or of any automated quotation system on which such
series may be quoted, all as determined by the officers executing such Warrants, as conclusively
evidenced by their execution of such Warrants.

          SECTION 2.04. Form of Warrant Agent’s Certificate of Authentication.

          (a) Only such of the Warrants as shall bear thereon a certificate substantially in the form of
the Warrant Agent’s certificate of authentication hereinafter recited, executed by the Warrant
Agent by manual signature, shall be valid or become obligatory for any purpose or entitle the
holder thereof to any right or benefit under this Agreement, and the certificate of authentication
by the Warrant Agent upon any such Warrant executed on behalf of the Company as aforesaid shall be
conclusive evidence that the Warrant so authenticated has been duly authenticated and delivered
hereunder and that the holder thereof is entitled to the benefits of this Agreement.

          (b) Each Warrant shall be dated the date of its authentication, except that any Global Warrant
shall be dated as of the date specified as contemplated in Section 3.01.

          (c) The form of the Warrant Agent’s certificate of authentication to be borne by the Warrants
shall be substantially as follows:

WARRANT AGENT’S CERTIFICATE OF AUTHENTICATION

          This is one of the Warrants issued referred to in the within-mentioned Agreement.

9

 

	 	 	 	 	 
	 	 	[Name of Warrant Agent],
	 	 	  as Warrant Agent
	 
	 	 	 	 
	 

	 	By:
	 	 
	 

	 	 	 	 
	 

	 	 	 	Authorized Signatory

          SECTION 2.05. Form of Warrant Agent’s Certificate of Authentication by an Authenticating
Agent. If at any time there shall be an Authenticating Agent appointed with respect to any
series of Warrants, then the Warrant Agent’s Certificate of Authentication by such Authenticating
Agent to be borne by Warrants of each such series shall be substantially as follows:

WARRANT AGENT’S CERTIFICATE OF AUTHENTICATION

          This is one of the Warrants issued referred to in the within-mentioned Agreement.

	 	 	 	 	 
	 	 	[          ],
	 	 	  as Authenticating Agent
	 
	 	 	 	 
	 

	 	By:
	 	 
	 

	 	 	 	 
	 

	 	 	 	Authorized Signatory
	 
	 	 	 	 
	 

	 	By:
	 	 
	 

	 	 	 	 
	 

	 	 	 	Authorized Signatory

ARTICLE III

THE WARRANTS

          SECTION 3.01. Amount Unlimited; Issuable in Series. The aggregate amount of Warrants
that may be authenticated and delivered under this Agreement is unlimited. The Warrants may be
issued in one or more series. There shall be established by or pursuant to a Board Resolution, and
set forth in an Officers’ Certificate of the Company, or established in one or more agreements
supplemental hereto prior to the issuance of Warrants of any series:

          (a) the title of the Warrants of the series (which shall distinguish the Warrants of such
series from the Warrants of all other series, except to the extent that additional Warrants of an
existing series are being issued);

          (b) any limit upon the aggregate amount of the Warrants of the series that may be
authenticated and delivered under this Agreement (except for Warrants authenticated and

10

 

delivered upon transfer of, or in exchange for, or in lieu of, other Warrants of such series
pursuant to Section 3.03, 3.06 or 3.07);

          (c) the date(s) on which or period(s) during which the Warrants of the series may be issued;

          (d) the date(s) on which or period(s) during which the Warrants of the series may be
exercised, including the date of any Automatic Exercise of such Warrants (each such date and
period, the “Exercise Date” and “Exercise Period,” respectively);

          (e) the date(s) on which which the payments or distributions on the Warrants shall be made
(each such date, the “Settlement Date”);

          (f) whether the Warrants are to be settled in cash (such Warrants, “Cash Settled Warrants”) or
in physical assets (such Warrants, “Physical Delivery Warrants”), and whether the Company may vary
settlement in respect of the Warrants following a valid exercise of Warrants;

          (g) the amount of cash or quantity of underlying assets due, or the means by which the amount
of cash or quantity of underlying assets due may be calculated, on exercise of the Warrants,
including Automatic Exercise, or upon cancellation;

          (h) if other than U.S. Dollars, the Currency in which Warrants of the series shall be
denominated or in which payments in cash on the Warrants of the series shall be made, if
applicable, and any other terms concerning such payments;

          (i) if the amount of payment or distribution on the Warrants of the series may be determined
with reference to an index, formula or other method including, but not limited to, an index based
on a currency or currencies other than that in which the Warrants are stated to be payable, the
manner in which such amounts shall be determined;

          (j) if the amount of payment or distribution on the Warrants of the series may be determined
with reference to an index the manner in which a successor index may be determined;

          (k) if the payment or distribution on Warrants of the series are to be made, at the election
of the Company or a holder thereof, in a currency other than that in which the Warrants are
denominated or stated to be payable without such election, the period or periods within which, and
the terms and conditions upon which such election may be made and the time and the manner of
determining the exchange rate between the currency in which the Warrants are denominated or payable
without such election and the currency in which the Warrants are to be paid if such election is
made;

          (l) the place or places where the payments or distributions on Warrants of the series shall be
made;

          (m) the terms and conditions, if any, upon which the holders of the Warrants of the series may
exercise such Warrants, including any minimum or maximum amount of the

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Warrants of such series exercisable by all Warrantholders or by any Person on any Exercise
Date or during any Exercise Period, and the procedures by which such holders may exercise such
Warrants;

          (n) any provisions permitting a Warrantholder to condition an exercise of the Warrants of the
series;

          (o) the events, if any, upon the occurrence of which the Warrants of the series will be
automatically exercised;

          (p) the obligation, if any, of the Company to purchase or repay Warrants of the series at the
option of a holder thereof and the price or prices at which, the period or periods within which or
the date or dates on which, and the terms and conditions upon which Warrants of the series shall be
purchased or repaid, in whole or in part, pursuant to such obligation;

          (q) the denominations in which Warrants of the series shall be issuable;

          (r) whether the Warrants of the series are to be issued in whole or in part in the form of one
or more Global Warrants and, in such case, the Depositary for such Global Warrant or Global
Warrants and the terms and conditions, if any, upon which interests in such Global Warrant or
Global Warrants may be exchanged in whole or in part for the individual Warrants represented
thereby;

          (s) whether Warrants of the series are to be issued as Registered Warrants or Bearer Warrants
or both, and, if Bearer Warrants are issued, whether Bearer Warrants of the series may be exchanged
for Registered Warrants of the series and the circumstances under which and the places at which any
such exchanges, if permitted, may be made;

          (t) if any Warrants of the series are to be issued as Bearer Warrants or as one or more Global
Warrants representing individual Bearer Warrants of the series, the terms upon which a temporary
Bearer Warrant may be exchanged for one or more of the definitive certificated Bearer Warrants of
the series;

          (u) the date as of which any Global Warrant of the series shall be dated if other than the
original issuance of the first Warrant of the series to be issued;

          (v) the form of the Warrants of the series;

          (w) if different than specified herein, the Registrar, Paying Agent or DTC Agent, as
applicable, for the Warrants of the series; and

          (x) any other terms of the Warrants of the series, including events of default and/or
additional covenants of the Company and/or the Guarantor (which terms shall not be inconsistent
with the requirements of the provisions of this Agreement).

All Warrants of any one series shall be substantially identical, except as to denomination and
except as may otherwise be provided by or pursuant to such Board Resolution, and set forth in such
Officers’ Certificate, or in any agreement supplemental hereto. If any of the terms of a

12

 

series of Warrants are established by action taken pursuant to a Board Resolution, a copy of such
Board Resolution shall be delivered to the Warrant Agent at or prior to the delivery of the
Officers’ Certificate setting forth the terms of such series.

          SECTION 3.02. Execution, Authentication, Delivery and Dating.

          (a) The Warrants shall be executed in the name and on behalf of the Company by the manual or
facsimile signature of its Chairman of the Board of Directors, a Vice Chairman, its President or
one of its Vice Presidents, under its corporate seal (which may be printed, engraved or otherwise
reproduced thereon, by facsimile or otherwise), which shall be attested by the manual or facsimile
signature of its Secretary or one of its Assistant Secretaries. If the Person whose signature is
on a Warrant no longer holds that office at the time the Warrant is authenticated and delivered,
the Warrant shall nevertheless be valid.

          (b) At any time and from time to time after the execution and delivery of this Agreement, the
Company may deliver Warrants of any series, executed by the Company, to the Warrant Agent for
authentication, together with a Company Order for the authentication and delivery of such Warrants.
The Warrant Agent shall thereupon authenticate and deliver such Warrants without any further
action by the Company. The Company Order shall specify the amount of the Warrants to be
authenticated and the date on which the original issue of Warrants is to be authenticated.

          (c) In authenticating the first Warrants of any series and accepting the additional
responsibilities under this Agreement in relation to such Warrants, the Warrant Agent shall
receive, and shall be fully protected in relying upon:

     (i) the supplemental warrant agreement or Board Resolution relating thereto and, if
applicable, an appropriate record of any action taken pursuant to such supplemental warrant
agreement or resolution, certified by the Secretary or an Assistant Secretary of the
Company; and

     (ii) an Opinion of Counsel prepared in accordance with Section 9.02, which shall state:

     (A) that the form and terms of such Warrants have been established by or pursuant to
one or more Board Resolutions, by a supplemental warrant agreement, or by both such
resolution or resolutions and such supplemental warrant agreement, in conformity with the
provisions of this Agreement;

     (B) that the supplemental warrant agreement, if any, when executed and delivered by the
Company, the Guarantor and the Warrant Agent, will constitute a valid and binding obligation
of each of the Company and the Guarantor;

     (C) that such Warrants, when authenticated and delivered by the Warrant Agent and
issued by the Company in the manner and subject to any conditions specified in such Opinion
of Counsel, will constitute valid and binding obligations of the Company, enforceable in
accordance with their terms, and will be entitled to the benefits of this Agreement;

13

 

     (D) that the Company has the corporate power to issue the Warrants, and has duly taken
all necessary action with respect to such issuance;

     (E) that the Guarantor has the corporate power to guarantee the Warrants, and has duly
taken all necessary action with respect to such guarantee;

     (F) that the issuance of the Warrants will not contravene the certificate of
incorporation or By-laws of the Company or result in any violation of any of the terms or
provisions of any law or regulation or of any indenture, mortgage or other agreement by
which the Company is bound;

     (G) that the Guarantee of the Warrants will not contravene the certificate of
incorporation or By-laws of the Guarantor or result in any violation of any of the terms or
provisions of any law or regulation or of any indenture, mortgage or other agreement by
which the Guarantor is bound and under which long-term debt of the Guarantor as reflected in
its latest financial statements on file with the SEC is outstanding;

     (H) that all requirements of the Agreement applicable to the Company in respect of the
execution and delivery by the Company of the Warrants and applicable to the Guarantor in
respect of the Guarantee and of such supplemental warrant agreement, if any, have been
complied with and, that assuming (a) all requisite corporate authorization on the part of
the Warrant Agent, (b) continued compliance by the Warrant Agent with the terms of the
Agreement specifically applicable to the Warrant Agent, and (c) due authentication and
delivery of the Warrants by the Warrant Agent, the execution and delivery of such
supplemental warrant agreement, if any, will not violate the terms of this Agreement, and
that, other than compliance with federal and state securities laws, no authorization,
approval or consent by any regulatory or statutory or other public authority is required in
connection with the execution and delivery of such supplemental warrant agreement or for the
creation, issuance, authentication and delivery of the Warrants pursuant to the Agreement;

     (I) all conditions precedent provided for in the Agreement (including any covenants
compliance with which constitutes a condition precedent) to the Warrant Agent’s
authentication and delivery of the Warrants have been complied with; and

     (J) the amount of Warrants to be outstanding upon issuance does not exceed any limit
established under the terms of the Warrant Agreement on the amount of Warrants of a series
that may be authenticated and delivered.

          (d) The Warrant Agent shall have the right to decline to authenticate and deliver the Warrants
under this Section if the issue of the Warrants pursuant to this Agreement will affect the Warrant
Agent’s own rights, duties or immunities under the Warrants and this Agreement or otherwise in a
manner which is not reasonably acceptable to the Warrant Agent.

          (e) Each Warrant shall be dated the date of its authentication, except as otherwise provided
pursuant to Section 3.01 with respect to the Warrants of such series.

14

 

          (f) Notwithstanding the provisions of Section 3.01 and of this Section 3.02, if all of the
Warrants of any series are not to be originally issued at the same time, then the documents
required to be delivered pursuant to this Section 3.02 must be delivered only once, prior to the
authentication and delivery of the first Warrant of such series; provided, however, that any
subsequent request by the Company to the Warrant Agent to authenticate Warrants of such series upon
original issuance shall constitute a representation and warranty by the Company and the Guarantor
that, as of the date of such request, the statements made in any Officers’ Certificate delivered
pursuant to Section 9.02 shall be true and correct as if made on such date.

          (g) If the Company shall establish pursuant to Section 3.01 that the Warrants of a series are
to be issued in whole or in part in the form of one or more Global Warrants, then the Company shall
execute and the Warrant Agent shall authenticate and deliver one or more Global Warrants that (i)
shall represent an aggregate amount equal to the aggregate amount of the outstanding Warrants of
such series to be represented by such Global Warrants, (ii) shall be registered, if in registered
form, in the name of the Depositary for such Global Warrant or Global Warrants or the nominee of
such Depositary, (iii) shall be delivered by the Warrant Agent to such Depositary or pursuant to
such Depositary’s instruction and (iv) shall bear a legend substantially to the following effect:
“Unless and until it is exchanged in whole or in part for the individual Warrants represented
hereby, this Global Warrant may not be transferred except as a whole by the Depositary to a nominee
of the Depositary or by a nominee of the Depositary to the Depositary or another nominee of the
Depositary or by the Depositary or any such nominee to a successor Depositary or a nominee of such
successor Depositary.” The aggregate amount of each Global Warrant may from time to time be
increased or decreased by adjustments made on the records of the Warrant Custodian, as provided in
this Agreement.

          (h) Each Depositary designated pursuant to Section 3.01 for a Global Warrant in registered
form must, at the time of its designation and at all times while it serves as such Depositary, be a
clearing agency registered under the Exchange Act and any other applicable statute or regulation.

          (i) Members of, or participants in, the Depositary (“Members”) shall have no rights under this
Agreement with respect to any Global Warrant held on their behalf by the Depositary or by the
Warrant Custodian under such Global Warrant, and the Depositary may be treated by the Company, the
Guarantor, the Warrant Agent, the Paying Agent and the Registrar and any of their agents as the
absolute owner of such Global Warrant for all purposes whatsoever. Notwithstanding the foregoing,
nothing herein shall prevent the Company, the Guarantor, the Warrant Agent, the Paying Agent or the
Registrar or any of their agents from giving effect to any written certification, proxy or other
authorization furnished by the Depositary or impair, as between the Depositary and its Members, the
operation of customary practices of the Depositary governing the exercise of the rights of an owner
of a beneficial interest in any Global Warrant. The registered holder of a Global Warrant may
grant proxies and otherwise authorize any Person, including Members and Persons that may hold
interests through Members, to take any action that a holder is entitled to take under this
Agreement or the Warrants.

          (j) No Warrant shall be entitled to any benefit under this Agreement or be valid or obligatory
for any purpose unless there appears on such Warrant a certificate of

15

 

authentication substantially in one of the forms provided for herein duly executed by the
Warrant Agent or by an Authenticating Agent by manual signature of one of its Responsible Officers,
and such certificate upon any Warrant shall be conclusive evidence, and the only evidence, that
such Warrant has been duly authenticated and delivered hereunder and is entitled to the benefits of
this Agreement.

          SECTION 3.03. Temporary Warrants.

          (a) Pending the preparation of definitive Warrants of any series, the Company may execute, and
upon Company Order the Warrant Agent shall authenticate and deliver, temporary Warrants that are
printed, lithographed, typewritten, mimeographed or otherwise reproduced, in any authorized
denomination, substantially of the tenor of the definitive Warrants in lieu of which they are
issued, in registered form or, if authorized, in bearer form, and with such appropriate insertions,
omissions, substitutions and other variations as the officers executing such Warrants may
determine, as conclusively evidenced by their execution of such Warrants. Any such temporary
Warrant may be in global form, representing all or a portion of the outstanding Warrants of such
series. Every such temporary Warrant shall be executed by the Company and shall be authenticated
and delivered by the Warrant Agent upon the same conditions and in substantially the same manner,
and with the same effect, as the definitive Warrant or Warrants in lieu of which it is issued.

          (b) If temporary Warrants of any series are issued, the Company will cause definitive Warrants
of such series to be prepared without unreasonable delay. Except as otherwise specified pursuant
to Section 3.01 with respect to a series of Warrants issuable as Bearer Warrants or as one or more
Global Warrants representing individual Bearer Warrants of such series, (i) after the preparation
of definitive Warrants of such series, the temporary Warrants of such series shall be exchangeable
for definitive Warrants of such series upon surrender of such temporary Warrants at the office or
agency of the Company in a Place of Payment for such series, without charge to the holder, except
as provided in Section 3.06 and except that a Person receiving definitive Bearer Warrants shall
bear the cost of insurance, postage, transportation and the like unless otherwise specified
pursuant to Section 3.01, and (ii) upon surrender for cancellation of any one or more temporary
Warrants of any series, the Company shall execute and the Warrant Agent shall authenticate and
deliver in exchange therefor a like amount of definitive Warrants of the same series of authorized
denominations and of like tenor; provided, however, that no definitive Bearer Warrant shall be
delivered in exchange for a temporary Registered Warrant; and provided, further, that delivery of a
Global Warrant representing individual Bearer Warrants or a Bearer Warrant shall occur only outside
the United States. Until so exchanged, the temporary Warrants of any series shall in all respects
be entitled to the same benefits under this Agreement as definitive Warrants of such series.

          (c) Unless otherwise specified pursuant to Section 3.01, the Company will execute and deliver
each definitive Global Warrant representing individual Bearer Warrants and each Bearer Warrant to
the Warrant Agent at its principal office in London or such other place outside the United States
specified pursuant to Section 3.01.

          (d) Upon any exchange of a portion of a temporary Global Warrant for a definitive Global
Warrant or for the individual Warrants represented thereby pursuant to this

16

 

Section 3.03 or Section 3.06, the temporary Global Warrant shall be endorsed by the Warrant
Agent to reflect the reduction of the amount evidenced thereby, whereupon the amount of such
temporary Global Warrant shall be reduced for all purposes by the amount so exchanged and endorsed.

          SECTION 3.04. Registrar and Paying Agent.

          (a) The Company will keep, at an office or agency to be maintained by it in the Borough of
Manhattan, the City of New York, or in any other office or agency of the Company in a Place of
Payment, where Registered Warrants may be presented for registration or presented and surrendered
for registration of transfer or of exchange (the “Registrar”), a security register for the
registration and the registration of transfer or of exchange of the Registered Warrants (the
registers maintained in such office and in any other office or agency of the Company in a Place of
Payment being herein sometimes collectively referred to as the “Register”), as in this Agreement
provided, which Register shall at all reasonable times be open for inspection by the Warrant Agent.
Such Register shall be in written form or in any other form capable of being converted into
written form within a reasonable time. The Company may appoint one or more co-Registrars; the term
“Registrar” includes any co-Registrar. The Company hereby appoints the Warrant Agent at its
Corporate Trust Office as Registrar in connection with the Warrants and this Agreement, until such
time as another Person is appointed as such.

          (b) The Company will maintain in each Place of Payment for any series of Warrants, an office
or agency where Warrants of such series may be presented or surrendered for payment or where
notices and demands to or upon the Company in respect of the Warrants of such series and this
Agreement may be served (the “Paying Agent”). So long as any Bearer Warrants of any series remain
outstanding, the Company will maintain for such purposes one or more offices or agencies outside
the United States in such city or cities specified pursuant to Section 3.01 and, if any Bearer
Warrants are listed on a securities exchange that requires an office or agency for the payment of
any amounts on such Bearer Warrants in a location other than the location of an office or agency
specified pursuant to Section 3.01, the Company will maintain for such purposes an office or agency
in such location so long as any Bearer Warrants are listed on such securities exchange and such
exchange so requires. The Company will give prompt written notice to the Warrant Agent of the
location, and any change in the location, of such office or agency. If at any time the Company
shall fail to maintain any such required office or agency or shall fail to furnish the Warrant
Agent with the address thereof, such presentations, surrenders, notices and demands may be made or
served at the Corporate Trust Office of the Warrant Agent (in the case of Registered Warrants) and
at the principal London office of the Warrant Agent (in the case of Bearer Warrants). The Company
hereby appoints the Warrant Agent at its Corporate Trust Office as Paying Agent in connection with
the Warrants and this Agreement, until such time as another Person is appointed as such.

          (c) The Company may also from time to time designate different or additional offices or
agencies where the Warrants of any series may be presented or surrendered for any or all of the
purposes described in Sections 3.04(a) and 3.04(b) (in or outside of such Place of Payment), and
may from time to time rescind any such designations; provided, however, that no such designation or
rescission shall in any manner relieve the Company of its obligations

17

 

described in the preceding paragraphs. The Company will give prompt written notice to the
Warrant Agent of any such additional designation or rescission of designation and of any change in
the location of any such different or additional office or agency. The Company shall enter into an
appropriate agency agreement with any Registrar or Paying Agent not a party to this Agreement. The
agreement shall implement the provisions of this Agreement that relate to such agent. The Company
shall notify the Warrant Agent of the name and address of each such agent. If the Company fails to
maintain a Registrar or Paying Agent, the Warrant Agent shall act as such and shall be entitled to
appropriate compensation therefor pursuant to Section 7.02(a). The Company, the Guarantor, or any
Affiliate of the Company or the Guarantor may act as Registrar or Paying Agent.

          SECTION 3.05. DTC Agent.

          (a) The Company may from time to time designate an office or agency (the “DTC Agent”), which
acts as agent for the Depositary or any successor depositary selected by the Company, to accept
delivery of each Global Warrant representing the Warrants and record such Global Warrant in the
book-entry system maintained by the Depositary (a “Book-Entry Warrant”). In connection with the
qualification of the Book-Entry Warrants for eligibility in the book-entry system maintained by the
Depositary, the DTC Agent will perform the custodial, document control and administrative functions
described in the agency agreement into which the DTC Agent and the Company may enter.

          (b) The Company may also from time to time designate different or additional offices or
agencies where the Warrants of any series may be presented or surrendered for any or all of the
purposes described in Section 3.05(a), and may from time to time rescind any such designation. The
Company will give prompt written notice to the Warrant Agent of any such additional designation or
rescission of designation and of any change in the location of any such different or additional
office or agency. The Company shall enter into an appropriate agency agreement with any DTC Agent
not a party to this Agreement. The agreement shall implement the provisions of this Agreement that
relate to such agent. The Company shall notify the Warrant Agent of the name and address of each
such agent. The Company, the Guarantor, or any Affiliate of the Company or the Guarantor may act
as DTC Agent.

          SECTION 3.06. Transfer and Exchange.

          (a) Transfer.

     (i) Upon surrender for registration of transfer of any Registered Warrant of any series
at the Registrar the Company shall execute, and the Warrant Agent or any Authenticating
Agent shall authenticate and deliver, in the name of the designated transferee, one or more
new Registered Warrants of the same series for like aggregate amount of any authorized
denomination or denominations. The transfer of any Warrant shall not be valid as against
the Company, the Guarantor or the Warrant Agent unless registered at the Registrar by the
registered holder, or by his or her attorney duly authorized in writing.

18

 

     (ii) Notwithstanding any other provision of this Section, unless and until it is
exchanged in whole or in part for the individual Warrants represented thereby, a Global
Warrant representing all or a portion of the Warrants of a series may not be transferred
except as a whole by the Depositary for such series to a nominee of such Depositary or by a
nominee of such Depositary to such Depositary or another nominee of such Depositary or by
such Depositary or any such nominee to a successor Depositary for such series or a nominee
of such successor Depositary.

          (b) Exchange.

     (i) At the option of the holder, Registered Warrants of any series (other than a Global
Warrant, except as set forth below) may be exchanged for other Registered Warrants of the
same series for like aggregate amount of any authorized denomination or denominations, upon
surrender of the Registered Warrants to be exchanged at the Registrar. Except as otherwise
specified pursuant to Section 3.01, in no event may Registered Warrants, including
Registered Warrants received in exchange for Bearer Warrants, be exchanged for Bearer
Warrants.

     (ii) At the option of the holder, except as otherwise specified as contemplated by
Section 3.01(s) with respect to a Global Warrant representing Bearer Warrants, Bearer
Warrants of any series may be exchanged for Registered Warrants (if the Warrants of such
series are issuable as Registered Warrants) or Bearer Warrants of the same series, for like
aggregate amount of any authorized denomination or denominations, upon surrender of the
Bearer Warrants to be exchanged at the office or agency of the Company maintained for such
purpose; provided, however, that delivery of a Bearer Warrant shall occur only outside the
United States.

     (iii) Whenever any Warrants are so surrendered for exchange, the Company shall execute,
and the Warrant Agent shall authenticate and deliver, the Warrants that the holder making
the exchange is entitled to receive.

     (iv) Notwithstanding the foregoing, the exchange of Bearer Warrants for Registered
Warrants will be subject to the provisions of United States income tax laws and regulations
applicable to Warrants in effect at the time of such exchange.

          (c) Exchange of Global Warrants for Individual Warrants. Except as provided below, owners of
beneficial interests in Global Warrants will not be entitled to receive individual Warrants.

     (i) Individual Warrants shall be issued to all owners of beneficial interests in a
Global Warrant in exchange for such interests if:

     (A) at any time the Depositary for the Warrants of a series notifies the Company that
it is unwilling or unable to continue as Depositary for the Warrants of such series or if at
any time the Depositary for the Warrants of such series shall no longer be eligible under
Section 3.02(h) and, in each case, a successor Depositary is not appointed by the Company
within 90 days of such notice, or

19

 

     (B) the Company executes and delivers to the Warrant Agent and the Registrar an
Officers’ Certificate stating that such Global Warrant shall be so exchangeable.

     In connection with the exchange of an entire Global Warrant for individual Warrants pursuant
to this subsection (c), such Global Warrant shall be deemed to be surrendered to the Warrant Agent
for cancellation, and the Company shall execute, and the Warrant Agent, upon receipt of a Company
Order for the authentication and delivery of individual Warrants of such series, will authenticate
and deliver to each beneficial owner identified by the Depositary in exchange for its beneficial
interest in such Global Warrant, an equal aggregate amount of individual Warrants of authorized
denominations.

     (ii) If specified by the Company pursuant to Section 3.01 with respect to a series of
Warrants, the Depositary for such series of Warrants may surrender a Global Warrant for such
series of Warrants in exchange in whole or in part for individual Warrants of such series on
such terms as are acceptable to the Company and such Depositary. Thereupon, the Company
shall execute, and the Warrant Agent shall authenticate and deliver, without service charge,

     (A) to each Person specified by such Depositary a new individual Warrant or Warrants of
the same series, of any authorized denomination as requested by such Person in aggregate
amount equal to and in exchange for such Person’s beneficial interest in the Global Warrant;
and

     (B) to such Depositary a new Global Warrant in a denomination equal to the difference,
if any, between the amount of the surrendered Global Warrant and the aggregate amount of
individual Warrants delivered to holders thereof.

     (iii) In any exchange provided for in clauses (i) through (ii), the Company will
execute and the Warrant Agent will authenticate and deliver individual Warrants (a) in
registered form in authorized denominations, if the Warrants of such series are issuable as
Registered Warrants, (b) in bearer form in authorized denominations, if the Warrants of such
series are issuable as Bearer Warrants or (c) as either Registered or Bearer Warrants, if
the Warrants of such series are issuable in either form; provided, however, that individual
Bearer Warrants shall be delivered in exchange for a Global Warrant only in accordance with
the procedures specified pursuant to Section 3.01.

     (iv) Upon the exchange in full of a Global Warrant for individual Warrants, such Global
Warrant shall be canceled by the Warrant Agent. Individual Registered Warrants issued in
exchange for a Global Warrant pursuant to this Section shall be registered in such names and
in such authorized denominations as the Depositary for such Global Warrant, pursuant to
instructions from its direct or indirect participants or otherwise, shall instruct the
Warrant Agent. The Warrant Agent shall deliver such Registered Warrants to the Persons in
whose names such Registered Warrants are so registered. The Warrant Agent shall deliver
individual Bearer Warrants issued in exchange for a Global Warrant pursuant to this Section
to the Persons and in such authorized denominations as the Depositary for such Global
Warrant, pursuant to instructions from its direct or indirect participants or otherwise,
shall instruct the Warrant

20

 

Agent; provided, however, that individual Bearer Warrants shall be delivered in
exchange for a Global Warrant only in accordance with the procedures as may be specified
pursuant to Section 3.01.

          (d) Notwithstanding the foregoing, the exchange of Bearer Warrants for Registered Warrants
will be subject to the provisions of United States income tax laws and regulations applicable to
Warrants in effect at the time of such exchange.

          (e) All Warrants issued upon any registration of transfer or exchange of Warrants shall be
valid obligations of the Company (and, as with respect to the Guarantee, the Guarantor) evidencing
the same debt, and entitled to the same benefits under this Agreement, as the Warrants surrendered
for such registration of transfer or exchange.

          (f) Every Registered Warrant presented or surrendered for registration of transfer, or for
exchange or payment shall (if so required by the Company, the Warrant Agent or the Registrar) be
duly endorsed, or be accompanied by a written instrument or instruments of transfer in form
satisfactory to the Company, the Warrant Agent and the Registrar, duly executed by the holder
thereof or by his or her attorney duly authorized in writing.

          (g) No service charge will be made for any registration of transfer or exchange of Warrants
except as provided in Section 3.03(b) or 3.07. The Company may require payment of a sum sufficient
to cover any tax, assessment or other governmental charge that may be imposed in connection with
any registration of transfer or exchange of Warrants, other than those expressly provided in this
Agreement to be made at the Company’s own expense or without expense or charge to the holders.

          (h) Prior to the due presentation for registration of transfer or exchange of any Warrant, the
Company, the Guarantor, the Warrant Agent, the Paying Agent, the Registrar or any co-Registrar may
deem and treat the Person in whose name a Warrant is registered as the absolute owner of such
Warrant (whether or not such Warrant shall be overdue and notwithstanding any notation of ownership
or other writing thereon) for all purposes whatsoever, and none of the Company, the Guarantor, the
Warrant Agent, the Paying Agent, the Registrar or any co-Registrar shall be affected by any notice
to the contrary.

          (i) In case a successor Company (“Successor Company”) has executed a warrant agreement
supplemental hereto with the Warrant Agent, any of the Warrants authenticated or delivered prior to
such transaction may, from time to time, at the request of the Successor Company, be exchanged for
other Warrants executed in the name of the Successor Company with such changes in phraseology and
form as may be appropriate, but otherwise identical to the Warrants surrendered for such exchange
and of like amount; and the Warrant Agent, upon Company Order of the Successor Company, shall
authenticate and deliver Warrants as specified in such order for the purpose of such exchange. If
Warrants shall at any time be authenticated and delivered in any new name of a Successor Company
pursuant to this Section 3.06 in exchange or substitution for or upon registration of transfer of
any Warrants, such Successor Company, at the option of the holders but without expense to them,
shall provide for the exchange of all Warrants at the time outstanding for Warrants authenticated
and delivered in such new name.

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          (j) Each holder of a Warrant agrees to indemnify the Company and the Warrant Agent against any
liability that may result from the transfer, exchange or assignment of such holder’s Warrant in
violation of any provision of this Agreement and/or applicable United States federal or state
securities laws.

          (k) The Warrant Agent shall have no obligation or duty to monitor, determine or inquire as to
compliance with any restrictions on transfer imposed under this Agreement or under applicable law
with respect to any transfer of any interest in any Warrant 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 Agreement, and to examine the same to determine
substantial compliance as to form with the express requirements hereof.

          (l) Neither the Warrant Agent nor any agent of the Warrant Agent shall have any responsibility
for any actions taken or not taken by the Depositary.

          SECTION 3.07. Mutilated, Destroyed, Lost and Stolen Warrants.

          (a) If (i) any mutilated Warrant is surrendered to the Warrant Agent at its Corporate Trust
Office (in the case of Registered Warrants) or at its principal London office (in the case of
Bearer Warrants) or (ii) the Company and the Warrant Agent receive evidence to their satisfaction
of the destruction, loss or theft of any Warrant, and there is delivered to the Company and the
Warrant Agent security or indemnity satisfactory to them to save each of them and any Paying Agent
harmless, and neither the Company nor the Warrant Agent receives notice that such Warrant has been
acquired by a protected purchaser, then the Company shall execute and upon Company Request the
Warrant Agent shall authenticate and deliver, in exchange for or in lieu of any such mutilated,
destroyed, lost or stolen Warrant, a new Warrant of the same series and of like tenor, form, terms
and amount, bearing a number not contemporaneously outstanding.

          (b) In case any such mutilated, destroyed, lost or stolen Warrant has become or is about to
become exercisable and payable, the Company in its discretion may, instead of issuing a new
Warrant, pay the amount due on the exercise of such Warrant in accordance with its terms; provided,
however, that any payment on Bearer Warrants shall be made only at an office or agency located
outside the United States.

          (c) Upon the issuance of any new Warrant under this Section, the Company may require the
payment of a sum sufficient to cover any tax or other governmental charge that may be imposed in
respect thereto and any other expenses (including the fees and expenses of the Warrant Agent)
connected therewith.

          (d) Every new Warrant of any series issued pursuant to this Section shall constitute an
original additional contractual obligation of the Company, whether or not the destroyed, lost or
stolen Warrant shall be at any time enforceable by anyone, and shall be entitled to all the
benefits of this Agreement equally and proportionately with any and all other Warrants of that
series duly issued hereunder.

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          (e) The provisions of this Section are exclusive and shall preclude (to the extent lawful) all
other rights and remedies with respect to the replacement or payment of mutilated, destroyed, lost
or stolen Warrants.

          SECTION 3.08. Cancellation. Unless otherwise specified pursuant to Section 3.01 for
Warrants of any series, all Warrants surrendered for payment, registration of transfer or exchange
or otherwise shall, if surrendered to any Person other than the Warrant Agent, be delivered to the
Warrant Agent for cancellation and shall be promptly canceled by it and, if surrendered to the
Warrant Agent, shall be promptly canceled by it. The Company may at any time deliver to the
Warrant Agent for cancellation any Warrants previously authenticated and delivered hereunder that
the Company may have acquired in any manner whatsoever, and all Warrants so delivered shall be
promptly canceled by the Warrant Agent. No Warrants shall be authenticated in lieu of or in
exchange for any Warrants canceled as provided in this Section, except as expressly permitted by
this Agreement. The Warrant Agent shall dispose of all canceled Warrants held by it in accordance
with its then customary procedures and deliver a certificate of such disposal to the Company. The
acquisition of any Warrants by the Company shall not operate as satisfaction of the obligation
represented thereby unless and until such Warrants are surrendered to the Warrant Agent for
cancellation.

          SECTION 3.09. Currency of Payments in Respect of Cash-Settled Warrants.

          (a) Except as otherwise specified pursuant to Section 3.01 for Bearer Warrants of any series,
payment of the Settlement Amount, if any, on Bearer Warrants of such series denominated in any
Currency will be made in such Currency.

          (b) Except as otherwise specified pursuant to Section 3.01 for Registered Warrants of any
series, payment of the Settlement Amount, if any, on Registered Warrants of such series will be
made in U.S. Dollars.

          (c) For purposes of any provision of this Agreement where the holders of outstanding Warrants
may perform an action that requires that a specified percentage of the outstanding Warrants of all
series perform such action and for purposes of any decision or determination by the Warrant Agent
of amounts due and unpaid on the Warrants of all series in respect of which monies are to be
disbursed ratably, the Settlement Amount, if any, on the outstanding Warrants denominated in a
Foreign Currency will be the amount in U.S. Dollars based upon exchange rates, determined as
specified pursuant to Section 3.01 for Warrants of such series, as of the date for determining
whether the holders entitled to perform such action have performed it or as of the date of such
decision or determination by the Warrant Agent, as the case may be.

          (d) Any decision or determination to be made regarding exchange rates shall be made by an
agent appointed by the Company; provided that such agent shall accept such appointment in writing
and the terms of such appointment shall, in the opinion of the Company at the time of such
appointment, require such agent to make such determination by a method consistent with the method
provided pursuant to Section 3.01 for the making of such decision or determination. All decisions
and determinations of such agent regarding exchange rates shall be in its sole discretion and
shall, in the absence of manifest error, be conclusive for all purposes

23

 

and irrevocably binding upon the Company, the Guarantor, the Warrant Agent and all holders of
the Warrants.

          SECTION 3.10. Return of Monies Held Unclaimed for Two Years. Any money deposited with
the Warrant Agent or any Paying Agent, or then held by the Company, for the payment on any Warrant
of any series and remaining unclaimed for two years after such payment has become due and payable
shall be paid to the Company upon Company Request along with, if applicable, any interest that has
accumulated thereon as a result of such money being invested at the direction of the Company and
the holder of such Warrant shall thereafter, as an unsecured general creditor, look only to the
Company (except as with regards to the Guarantee) for payment of such amounts without interest
thereon, and all liability of the Warrant Agent, the Company or such Paying Agent with respect to
such money shall thereupon cease; provided, however, that the Warrant Agent or such Paying Agent
before being required to make any such repayment, may at the expense of the Company cause to be
transmitted in the manner and to the extent provided by Section 9.04, notice that such money
remains unclaimed and that, after a date specified therein, which shall not be less than 30 days
from the date of such mailing, any unclaimed balance of such money then remaining will be repaid to
the Company.

          SECTION 3.11. Judgments. The Company and the Guarantor may provide pursuant to Section
3.01 for Warrants of any series that (a) the obligation, if any, of the Company or the Guarantor,
as applicable, to make payments on the Warrants of any series in a Foreign Currency or U.S. Dollars
(the “Designated Currency”) as may be specified pursuant to Section 3.01 is of the essence and
agrees that, to the fullest extent possible under applicable law, judgments in respect of such
Warrants shall be given in the Designated Currency; (b) the obligation of the Company or the
Guarantor, as applicable, to make payments in the Designated Currency on such Warrants shall,
notwithstanding any payment in any other Currency (whether pursuant to a judgment or otherwise), be
discharged only to the extent of the amount in the Designated Currency that the holder receiving
such payment may, in accordance with normal banking procedures, purchase with the sum paid in such
other Currency (after any premium and cost of exchange) on the business day in the country of issue
of the Designated Currency or in the international banking community (in the case of a composite
currency) immediately following the day on which such holder receives such payment; (c) if the
amount in the Designated Currency that may be so purchased for any reason falls short of the amount
originally due, the Company or the Guarantor, as applicable, shall pay such additional amounts as
may be necessary to compensate for such shortfall; and (d) any obligation of the Company or the
Guarantor, as applicable, not discharged by such payment shall be due as a separate and independent
obligation and, until discharged as provided herein, shall continue in full force and effect.

          SECTION 3.12. CUSIP Numbers. The Company in issuing any Warrants may use CUSIP
numbers, if then generally in use, and thereafter with respect to such series, the Warrant Agent
may use such numbers in any notice of exchange with respect to such series provided that any such
notice may state that no representation is made as to the correctness of such numbers either as
printed on the Warrants or as contained in any notice of exchange and that reliance may be placed
only on the other identification numbers printed on the Warrants, and any such exchange shall not
be affected by any defect in or omission of such numbers. The

24

 

Company will promptly notify the Warrant Agent in writing of any change in the CUSIP numbers.

ARTICLE IV

EXERCISE OF WARRANTS

          SECTION 4.01. General. Each Warrant of any series entitles the holder thereof, subject
to the provisions of this Agreement, to receive, upon exercise, the applicable Settlement Amount,
if any, to be delivered upon exercise with respect to such Warrant as specified pursuant to Section
3.01. Warrants of any series may be exercised only in such minimum amounts and multiples of
Warrants as may be specified pursuant to Section 3.01. An exercise price or other amount of cash
or underlying assets may be payable by a holder upon exercise of a Warrant of any series if so
specified pursuant to Section 3.01. The Company may appoint a Calculation Agent with respect to
each series of Warrants to make such calculations as may be required with respect to such series of
Warrants.

          SECTION 4.02. Exercise and Delivery of Warrants; Delivery of Settlement Amount. Unless
different procedures are specified with respect to the Warrants of a series pursuant to Section
3.01, the following procedures shall apply:

          (a) The Warrant Agent shall, following receipt of proper delivery of a Warrant, accompanied by
an exercise notice (an “Exercise Notice”) to the Warrant Agent at its address, which notice shall
be substantially in such form as the Company and the Warrant Agent may approve:

     (i) promptly determine whether such Exercise Notice has been duly completed and is in
proper form and, if the Warrant Agent determines that the Exercise Notice has not been duly
completed or is not in proper form, the Warrant Agent promptly shall (x) reject such
Exercise Notice and shall send to the entity that executed such Exercise Notice a notice of
rejection substantially in such form as the Company and the Warrant Agent may approve and
shall redeliver such Warrants free through the facilities of the Depositary to the account
from which they were transferred to the Warrant Agent and (y) shall not take the actions
required by clauses (ii)-(iii) below with respect to such Exercise Notice or the related
Warrants; provided, however, that the Warrant Agent shall deliver a copy of the Exercise
Notice relating to such Warrants to the Company as required by Section 4.02(a)(iii) below
and the Company may waive any defect in the form of such Exercise Notice;

     (ii) (x) notify the Company and the calculation agent designated for the particular
series of Warrants, if any (the “Calculation Agent”), the Paying Agent (if a Person
different than the Warrant Agent), and such other parties as the Company shall designate in
writing, by 5:00 p.m., New York City time, on the Business Day on which such Exercise Notice
was received of the total number of Warrants covered by such Exercise Notice (y) the account
details for payment of the Cash Settlement Amount or delivery details for payment of the
Physical Settlement Amount, and (z) such additional information relating to such exercised
Warrants as the Company requests to enable the

25

 

Company to make payment to the Warrant Agent of the aggregate amount, if any, payable
to Warrantholders on the Settlement Date; and

     (iii) promptly deliver a copy of each Exercise Notice to the Company, and advise the
Company of such other matters relating to the exercised Warrants as the Company shall
reasonably request. Any notice to be given by the Warrant Agent to the Company, the
Calculation Agent, the Paying Agent, or any other parties designated by the Company pursuant
to this Section 4.02 shall be by telephone (promptly confirmed in writing) or facsimile.

          (b) On or about the third Business Day prior to each Exercise Date, the Company will notify
the Warrant Agent or, if applicable, the relevant Paying Agent, in writing, of the Settlement
Amount, if any, to be delivered upon exercise with respect to the Warrants to be exercised;
provided, however, that if a Calculation Agent is appointed with respect to any series of Warrants,
the Calculation Agent will notify the Company and the Warrant Agent or, if applicable, the relevant
Paying Agent, in writing, of such Settlement Amount. Upon notification from the Company or, if
applicable, the Calculation Agent, the Warrant Agent will notify the Depositary of such Settlement
Amount.

          (c) The Warrant Agent or, if applicable, the relevant Paying Agent and the Company will
confirm the Settlement Amount with respect to each Warrant being exercised on or about the second
Business Day preceding the Exercise Date of such Warrant.

          (d) With respect to Cash Settled Warrants,

     (i) by 9:30 a.m., New York City time, on the Settlement Date, against payment, if
applicable, to the Warrant Agent or, if applicable, the relevant Paying Agent, of the
aggregate exercise price for the Warrants to be exercised and any exercise expenses, the
Company shall make payment of the Cash Settlement Amount to be delivered with respect to
such exercised Warrants to an account (the “Payment Account”) designated by the Warrant
Agent or, if applicable, the relevant Paying Agent; and

     (ii) on the Settlement Date,

     (A) if applicable, the Warrantholder shall deliver to the Warrant Agent or, if
applicable, the relevant Paying Agent, by 10:00 a.m., New York City time, the aggregate
exercise price for the Warrants being exercised and any exercise expenses as may be required
to be delivered as specified pursuant to Section 3.01;

     (B) if applicable, the Warrant Agent or, if applicable, the relevant Paying Agent,
shall cause payment to be made to the Company of the aggregate exercise price for such
Warrants or such other amount of cash and expenses; and

     (C) the Warrant Agent or, if applicable, the relevant Paying Agent, shall withdraw from
the Payment Account the Settlement Amount to be delivered upon exercise, and by 10:00 a.m.,
New York City time, shall credit such Settlement Amount to the account of the former holder
of such exercised Warrants specified in, and in

26

 

accordance with, the instructions of such former holder contained in such former
holder’s Exercise Notice; provided, however, that the Warrant Agent or, if applicable, the
relevant Paying Agent, will not be obligated to make such payments until it is reasonably
satisfied that delivery to it of funds sufficient to pay the Settlement Amount will be made.

          (e) With respect to Physical Delivery Warrants, against the payment, if applicable, to the
Warrant Agent or, if applicable, the relevant Paying Agent, of the aggregate exercise price for the
Warrants to be exercised and any exercise expenses, the Company shall, on the Settlement Date,
deliver, or procure the delivery of, the Physical Settlement Amount pursuant to the details
specified in, and in accordance with, the instructions of the former holder contained in such
former holder’s Exercise Notice.

          (f) The Warrant Agent shall not, in the absence of negligence, bad faith or willful misconduct
on its part, be subject to any liability whatsoever to any such former holder for the credit of the
Settlement Amount to be delivered upon exercise to the account specified by such former holder. No
interest will be paid on Settlement Amounts to be received by a holder for the period between the
Actual Exercise Date and the credit of the Settlement Amount to be delivered upon exercise to the
account specified by such former holder.

          (g) The Warrant Agent shall cause its records, which may be kept electronically, to be marked
to reflect the reduction in the amount of Warrants represented by any Global Warrant by the amount
of Warrants that were delivered to the Warrant Agent and for which payment has been made as
provided in Sections 4.02(c) or 4.02(d) promptly after such delivery and payment. Absent manifest
error, the Warrant Agent’s records shall be conclusive evidence of such matters.

          (h) An Exercise Notice shall be unconditional. Except as otherwise provided herein, the
Warrant Agent shall be entitled, with no duty of inquiry, to rely conclusively on any Exercise
Notice received by it.

          SECTION 4.03. Automatic Exercise of Warrants. If the terms relating to any series of
Warrants specifies pursuant to Section 3.01 that the Warrants will be deemed to be exercised
automatically upon the occurrence of a specified event or events or at a specified time (an
“Automatic Exercise”), and unless different procedures are specified for such series of Warrants
pursuant to Section 3.01, the following procedures (the “Automatic Exercise Procedures”) shall
apply:

          (a) The Warrant Agent shall by 5:00 p.m., New York City time, on the day specified for
Automatic Exercise of the Warrants of such series, notify the Company and the Calculation Agent, if
any (and such other parties as the Company shall designate in writing), of (i) the aggregate amount
of Warrants to be automatically exercised on such day and (ii) such other matters or additional
information relating to the automatically exercised Warrants as the Company requests to enable the
Company to make payment to the Warrant Agent of the aggregate amount, if any, payable to
Warrantholders on the Settlement Date applicable to such automatically exercised Warrants.

27

 

          (b) On or about the third Business Day prior to each Exercise Date, the Company will notify
the Warrant Agent or, if applicable, the relevant Paying Agent, in writing, of the Settlement
Amount, if any, to be delivered upon exercise with respect to such automatically exercised
Warrants; provided, however, that if a Calculation Agent is appointed with respect to any series of
Warrants, the Calculation Agent will notify the Company and the Warrant Agent or, if applicable,
the relevant Paying Agent, in writing, of such Settlement Amount. Upon notification from the
Company or, if applicable, the Calculation Agent, the Warrant Agent will notify the Depositary of
such Settlement Amount.

          (c) The Warrant Agent or, if applicable, the relevant Paying Agent and the Company will
confirm the Settlement Amount with respect to each Warrant to be automatically exercised on or
about the second Business Day preceding the Exercise Date of such Warrant.

          (d) With respect to Cash Settled Warrants,

     (i) by 9:30 a.m., New York City time, on the Settlement Date, against payment, if
applicable, the Warrant Agent or, if applicable, to the relevant Paying Agent, of the
aggregate exercise price for the Warrants to be automatically exercised and any exercise
expenses, the Company shall make payment of the Cash Settlement Amount to be delivered with
respect to such automatically exercised Warrants to the Payment Account; and

     (ii) on the Settlement Date,

     (A) if applicable, the Warrantholder shall deliver to the Warrant Agent or, if
applicable, the relevant Paying Agent, by 10:00 a.m., New York City time, the aggregate
exercise price for the Warrants being automatically exercised and any exercise expenses as
may be required to be delivered as specified pursuant to Section 3.01;

     (B) if applicable, the Warrant Agent or, if applicable, the relevant Paying Agent,
shall cause payment to be made to the Company of the aggregate exercise price for such
Warrants or such other amount of cash and expenses; and

     (C) the Warrant Agent or, if applicable, the relevant Paying Agent, shall withdraw from
the Payment Account the Settlement Amount to be delivered upon exercise, and by 10:00 a.m.,
New York City time, shall credit such Settlement Amount to the account of the former holder
of such automatically exercised Warrants specified in, and in accordance with, the
instructions of such former holder contained in such former holder’s Exercise Notice;
provided, however, that the Warrant Agent or, if applicable, the relevant Paying Agent, will
not be obligated to make such payments until it is reasonably satisfied that delivery to it
of funds sufficient to pay the Settlement Amount will be made.

          (e) With respect to Physical Delivery Warrants, against payment, if applicable, to the Warrant
Agent or, if applicable, the relevant Paying Agent, of the aggregate exercise price for the
Warrants to be exercised and any exercise expenses, the Company shall, on the Settlement Date,
deliver, or procure the delivery of, the Settlement Amount pursuant to the details specified in,
and in accordance with, the instructions of the former holder contained in such former holder’s
Exercise Notice.

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          (f) The Warrant Agent shall not, in the absence of negligence, bad faith or willful misconduct
on its part, be subject to any liability whatsoever to any such former holder for the credit of the
Settlement Amount to be delivered upon automatic exercise to the account specified by such former
holder. No interest will be paid on Settlement Amounts to be received by a holder for the period
between the Exercise Date and the credit of the Settlement Amount to be delivered upon exercise to
the account specified by such former holder.

ARTICLE V

OTHER PROVISIONS RELATING TO

RIGHTS OF WARRANTHOLDERS

          SECTION 5.01. Merger, Consolidation, Sale, Transfer or Conveyance. (a) The Company
will not consolidate with any other entity or accept a merger of any other entity into the Company
or permit the Company to be merged into any other entity, or sell other than for cash or lease all
or substantially all its assets to another entity, or purchase all or substantially all the assets
of another entity, unless (i) either the Company shall be the continuing entity, or the successor,
transferee or lessee entity (if other than the Company) shall expressly assume, by amendment to
this Agreement satisfactory to the Warrant Agent, executed and delivered by such entity prior to or
simultaneously with such consolidation, merger, sale or lease, the due and punctual payment or
delivery of the amount of money or underlying assets payable upon exercise with respect to all the
Warrants, and the due and punctual performance and observance of all other obligations to the
holders and the Warrant Agent under this Agreement or under the Warrants to be performed or
observed by the Company; and (ii) immediately after such consolidation, merger, sale, lease or
purchase the Company or the successor, transferee or lessee entity (if other than the Company)
would not be in default in the performance of any covenant or condition of this Agreement. A
purchase by a Subsidiary of all or substantially all of the assets of another entity shall not be
deemed to be a purchase of such assets by the Company.

     (b) Upon any consolidation with or merger into any other entity, or any conveyance or lease of
all or substantially all of the assets of the Company in accordance with this Section 5.01, the
successor entity formed by such consolidation or into or with which the Company is merged or to
which such conveyance, transfer or lease is made shall succeed to, and be substituted for, and may
exercise every right and power of, the Company under this Agreement with the same effect as if such
successor entity had been named as the Company herein, and thereafter, except in the case of a
lease, the predecessor Company shall be relieved of all obligations and covenants under this
Agreement and the Warrants.

          SECTION 5.02. Rights Conferred by Warrants. The Warrants of any series shall not
entitle the holders thereof to any rights (including, but not limited to, the rights of the holders
of any underlying assets, including securities, to be delivered upon the exercise of any Warrants
or rights of the holders of any securities comprising any index that any Warrants are based upon)
other than those rights specified herein or in the Global Warrants or, if any, definitive
certificated Warrants relating to such Warrants.

29

 

          SECTION 5.03. Notice of Certain Events. Unless otherwise required by applicable law or
regulation, none of the Company, the Guarantor or any of their respective affiliates will be
obligated to notify the holders of the Warrants of any series of any developments that could affect
the amount of and/or the date for payment or delivery of the Settlement Amount, if any, to be
delivered upon exercise with respect to such Warrants.

          SECTION 5.04. Disclaimer of Responsibility for Calculations or Determinations. None of
the Company, the Guarantor or any of their respective affiliates will have any responsibility for
errors or omissions in connection with the exercise of Warrants of any series. Affiliates of the
Company or the Guarantor making any such calculations or determinations on behalf of the Company
shall not be deemed agents of the holders, and their calculations or determinations shall (except
in the case of manifest error) be final and binding on the Company, the Guarantor and the holders.

          SECTION 5.05. Warrantholder May Enforce Rights. Notwithstanding any of the provisions
of this Agreement, any Warrantholder, without the consent of the Warrant Agent, may, in and for its
own behalf, enforce, and may institute and maintain, any suit, action or proceeding against the
Company or the Guarantor suitable to enforce, or otherwise in respect of, its right to exercise,
and to receive payment for, its Warrants as provided in this Agreement.

ARTICLE VI

WARRANTS ACQUIRED BY THE COMPANY;

PAYMENT OF TAXES

          SECTION 6.01. Warrants Acquired by the Company. (a) In the event the Company shall
purchase or otherwise acquire Warrants of a series, such Warrants may, at the option of the Company
and upon delivery of a surrender order (in the form required by the Depositary) to the Warrant
Agent, be withdrawn from the Depositary for surrender to the Warrant Agent. The Warrant Agent
shall reduce on its records the aggregate outstanding amount of Warrants of such series by the
aggregate amount of Warrants acquired and surrendered by the Company. If the Warrants to be
surrendered represent the aggregate outstanding amount of the Warrants of a series, the Warrant
Agent shall promptly note the cancellation of such Warrants by notation on the records of the
Warrant Agent. Such Warrants may also, at the option of the Company, be resold by the Company
directly or to or through any of its Affiliates in lieu of being surrendered to the Warrant Agent.

          (b) Any canceled Global Warrants held by the Warrant Agent under this Agreement shall be
destroyed by the Warrant Agent unless otherwise directed in writing by the Company, and the Warrant
Agent shall deliver a certificate of destruction to the Company evidencing the same.

          SECTION 6.02. Payment of Taxes. The Company will pay all stamp, withholding and other
duties, if any, attributable to the initial issuance of Warrants; provided, however, that, anything
in this Agreement to the contrary notwithstanding, the Company shall not be required to pay any tax
or other governmental charge which may be payable in respect of

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any transfer involving any beneficial or record interest in, or ownership interest of, any
Warrants, which tax or other governmental charge shall be paid by the appropriate Warrantholder.

ARTICLE VII

CONCERNING THE WARRANT AGENT

          SECTION 7.01. Warrant Agent. (a) The Warrant Agent shall have the powers and authority
granted to and conferred upon it in this Agreement and such further powers and authority to act on
behalf of the Company as the Company may hereafter grant to or confer upon it. All of the terms
and provisions with respect to such powers and authority contained in the Global Warrants of any
series or definitive certificated Warrants relating to such Warrants, if any, are subject to and
governed by the terms and provisions hereof.

          (b) The Company hereby appoints U.S. Bank National Association (“U.S. Bank”) as initial
Warrant Agent of the Company in respect of series of Warrants to be issued to Safety First trusts
in connection with any issuance of Safety First trust certificates, upon the terms and subject to
the conditions set forth herein; and U.S. Bank hereby accepts such appointment. The Warrant Agent
covenants and agrees to maintain an office, staffed by qualified personnel, with adequate
facilities for the discharge of its responsibilities under this Agreement, including, without
limitation, the payment of any amounts due under the Warrants of any series, as calculated by the
Calculation Agent for that series, and the timely settlement of the Warrants upon exercise thereof.

          (c) The Company may from time to time, in connection with the issuance of one or more series
of Warrants, including Warrants of a series to be issued to Safety First trusts in connection with
any issuance of Safety First trust certificates, appoint one or more additional agents under this
Agreement to act as Warrant Agent with respect to such series of Warrants. The Company shall enter
into a supplemental Warrant Agreement with any Warrant Agent not a party to this Agreement,
pursuant to which such Warrant Agent will become a party to this Agreement with respect to such
series of Warrants.

          SECTION 7.02. Conditions of Warrant Agent’s Obligations. The Warrant Agent accepts its
obligations herein set forth upon the terms and conditions hereof, including the following, to all
of which the Company agrees and to all of which the rights hereunder of the Warrantholders shall be
subject:

          (a) The Warrant Agent shall be entitled to such compensation as the Company and the Warrant
Agent shall from time to time agree in writing for all services rendered by the Warrant Agent
hereunder (including in any other agent capacity in which it acts). The Company shall reimburse
the Warrant Agent for its reasonable out-of-pocket expenses incurred by the Warrant Agent without
negligence, bad faith or willful misconduct on its part in connection with the services rendered by
it hereunder. The Company also agrees to indemnify the Warrant Agent for, and to hold it harmless
against, any loss, liability or expense incurred without negligence, bad faith or willful
misconduct on the part of the Warrant Agent, arising out of or in connection with its acting as
such Warrant Agent hereunder, as well as the reasonable costs and expenses of defending against any
claim or liability in connection with the exercise or performance of any of

31

 

its powers or duties hereunder. This section shall survive the termination of this Agreement
and the earlier removal or resignation of the Warrant Agent.

          (b) In acting under this Agreement, the Warrant Agent is acting solely as agent of the Company
and does not assume any obligation or relationship of agency or trust for or with any of the owners
or holders of the Warrants.

          (c) The Warrant Agent may consult with counsel satisfactory to it, and the opinion of such
counsel shall be full and complete authorization and protection in respect of any action taken,
suffered or omitted by it hereunder in good faith and in accordance with the opinion of such
counsel.

          (d) Any request, direction, order or demand of the Company or the Guarantor mentioned herein
shall be sufficiently evidenced by, and whenever in the administration of this Agreement the
Warrant Agent shall deem it desirable that a matter be proved or established prior to taking,
offering or omitting any action hereunder, the Warrant Agent may rely upon, an Officers’
Certificate of the Company or the Guarantor, as applicable (unless other evidence in respect
thereof be herein specifically prescribed); provided, however, that no additional certificate need
be furnished by the Company or the Guarantor pursuant to Section 9.02 if the Warrant Agent requests
a certificate pursuant to this Section 7.02(d).

          (e) The Warrant Agent shall be fully protected and shall incur no liability for or in respect
of any action taken or thing suffered by it in reliance upon any notice, direction, consent,
certificate, affidavit, statement or other paper or document believed by it to be genuine and to
have been presented or signed by the proper parties, and the Warrant Agent may, if it shall deem it
necessary or desirable, request such papers or documents prior to taking any action hereunder.

          (f) The Warrant Agent, and its officers, directors, agents and employees, may become the owner
of, or acquire any interest in, any Warrants or other obligations of the Company, with the same
rights that it or they would have if it were not the Warrant Agent hereunder and, to the extent
permitted by applicable law, it or they may engage or be interested in any financial or other
transaction with the Company and may act on, or as Depositary, trustee or agent for, any committee
or body of holders of Warrants or other obligations of the Company as freely as if it were not the
Warrant Agent hereunder.

          (g) The Warrant Agent shall not be under any liability for interest on any monies at any time
received by it pursuant to any of the provisions of this Agreement nor shall it be obligated to
segregate such monies from other monies held by it, except as required by law. The Warrant Agent
shall not be responsible for advancing funds on behalf of the Company.

          (h) The Warrant Agent shall not be under any responsibility with respect to the validity or
sufficiency of this Agreement or the execution and delivery hereof (except the due execution and
delivery hereof by the Warrant Agent) or with respect to the validity or execution of the Global
Warrants (except its countersignature thereof).

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          (i) The recitals contained herein and in the Global Warrants (except as to the Warrant Agent’s
countersignature thereon) shall be taken as the statements of the Company and the Guarantor, and
the Warrant Agent assumes no responsibility for the correctness of the same.

          (j) The Warrant Agent shall be obligated to perform such duties as are herein specifically set
forth, and no implied duties or obligations shall be read into this Agreement against the Warrant
Agent. The Warrant Agent shall not be under any obligation to take any action hereunder likely to
involve it in any expense or liability, the payment of which is not, in its reasonable opinion,
assured to it. The Warrant Agent shall not be accountable or under any duty or responsibility for
the application by the Company of any proceeds. The Warrant Agent shall have no duty or
responsibility in case of any default by the Company in the performance of its covenants or
agreements contained in any Global Warrant or in the case of the receipt of any written demand from
a holder of a Warrant with respect to such default, including, without limiting the generality of
the foregoing, any duty or responsibility to initiate or attempt to initiate any proceedings at law
or otherwise or to make any demand upon the Company.

          (k) The Warrant Agent shall not be bound to make any investigation into the facts or matters
stated in any resolution, certificate, statement, instrument, opinion, report, notice, request,
consent, entitlement order, approval or other paper or document.

          (l) The Warrant Agent may execute any of the powers hereunder or perform any duties hereunder
either directly or by or through agents, attorneys, custodians or nominees appointed with due care,
and shall not be responsible for any misconduct or negligence on the part of any agent, attorney,
custodian or nominee so appointed.

          SECTION 7.03. Resignation and Appointment of Successor. (a) The Company agrees, for
the benefit of the holders from time to time of the Warrants of each series, that there shall at
all times be a Warrant Agent hereunder until all the Warrants of each series are no longer
outstanding.

          (b) The Warrant Agent may at any time resign as such agent by giving notice in writing to the
Company of such intention on its part, specifying the date on which its desired resignation shall
become effective, subject to the appointment of a successor Warrant Agent and acceptance of such
appointment by such successor Warrant Agent as hereinafter provided. The Company may remove the
Warrant Agent hereunder at any time by giving notice in writing to the Warrant Agent, specifying
such removal and the date when it shall become effective. Such resignation or removal shall take
effect upon the appointment by the Company, as hereinafter provided, of a successor Warrant Agent
(which shall be a banking institution organized under the laws of the United States of America or
one of the states thereof and having an office in the Borough of Manhattan, The City of New York)
and the acceptance of such appointment by such successor Warrant Agent. In the event a successor
Warrant Agent has not been appointed and accepted its duties within 30 days of the Warrant Agent’s
notice of resignation or its removal, the Warrant Agent may apply to any court of competent
jurisdiction for the designation of a successor Warrant Agent. The obligation of the Company under
Section 7.02(a) shall continue to the extent set forth therein notwithstanding the resignation or
removal of the Warrant Agent.

33

 

          (c) In case at any time the Warrant Agent shall give notice of its intent to resign, or shall
be removed, or shall become incapable of acting, or shall be adjudged a bankrupt or insolvent, or
make an assignment for the benefit of its creditors, or consent to the appointment of a receiver or
custodian of all or any substantial part of its property, or shall admit in writing its inability
to pay or meet its debts as they mature, or if a receiver or custodian of it or of all or any
substantial part of its property shall be appointed, or if any public officer shall have taken
charge or control of the Warrant Agent or of its property or affairs for the purpose of
rehabilitation, conservation or liquidation, a successor Warrant Agent, qualified as described in
Section 7.03(b), shall be promptly appointed by the Company by an instrument in writing, filed with
the successor Warrant Agent. Upon the appointment as aforesaid of a successor Warrant Agent and
acceptance by the latter of such appointment, the Warrant Agent so superseded shall cease to be
Warrant Agent hereunder.

          (d) Any successor Warrant Agent appointed hereunder with respect to the Warrants of one or
more series shall execute, acknowledge and deliver to its predecessor and to the Company an
instrument accepting such appointment hereunder, and thereupon such successor Warrant Agent,
without any further act, deed or conveyance, shall become vested with all the authority, rights,
powers, immunities, duties and obligations of such predecessor with like effect as if originally
named as Warrant Agent hereunder, and such predecessor, upon payment of its charges and
disbursements then due and unpaid, shall thereupon become obligated to assign, transfer, deliver
and pay over, and such successor Warrant Agent shall be entitled to receive, all monies, securities
and other property on deposit with or held by such predecessor, as Warrant Agent hereunder.
Nevertheless, on the written request of the Company or the successor Warrant Agent, such
predecessor, upon payment of its said charges and disbursements, shall execute and deliver an
instrument transferring to such successor Warrant Agent all the rights and powers of such
predecessor and shall assign, transfer, deliver and pay over to the successor Warrant Agent all
monies, securities and other property held by such predecessor; and, upon request of any such
successor Warrant Agent, the Company and the Guarantor shall make, execute, acknowledge and deliver
any and all instruments in writing for more fully and effectually vesting in and confirming to such
successor Warrant Agent all such authority, rights, powers, immunities, duties and obligations.

          (e) Any Person into which the Warrant Agent hereunder may be merged or converted or any
corporation with which the Warrant Agent may be consolidated, or any Person resulting from any
merger, conversion or consolidation to which the Warrant Agent shall be a party, or any Person to
which the Warrant Agent shall sell or otherwise transfer all or substantially all the corporate
trust assets and business of the Warrant Agent, shall be the successor Warrant Agent under this
Agreement without the execution or filing of any paper or any further act on the part of any of the
parties hereto; provided that such Person shall be otherwise qualified as described in Section
7.03(b). In case at the time such Person shall become successor Warrant Agent with respect to one
or more series of Warrants, any of such Warrants shall have been authenticated but not delivered by
the Warrant Agent then in office, any successor Warrant Agent may adopt the certificate of
authentication of any predecessor, and deliver such Warrants so authenticated; and in case at that
time any of the Warrants shall not have been authenticated, any successor Warrant Agent may
authenticate such Warrants either in the name of any predecessor hereunder or in the name of the
successor Warrant Agent; and in all such cases such certificates shall have the full force which it
is anywhere in the Warrants or in

34

 

this Agreement provided that the certificate of the Warrant Agent shall have; provided,
however, that the right to adopt the certificate of authentication of any predecessor or
authenticate Warrants in the name of any predecessor shall apply only to its successor or
successors by merger, conversion or consolidation.

          SECTION 7.04. Appointment of Authenticating Agent. The Warrant Agent may appoint an
agent (the “Authenticating Agent”) reasonably acceptable to the Company to authenticate the
Warrants. Unless limited by the terms of such appointment, any such Authenticating Agent may
authenticate Warrants whenever the Warrant Agent may do so. Each reference in this Agreement to
authentication by the Warrant Agent includes authentication by the Authenticating Agent.

ARTICLE VIII

GUARANTEE

          SECTION 8.01. Full and Unconditional Guarantee.

          (a) The Guarantor does hereby fully and unconditionally guarantee (the “Guarantee”) to the
holders all payments on the Warrants when due, in accordance with the provisions of this Agreement,
as provided below.

          (b) The Guarantor hereby waives notice of acceptance of the Guarantee and of default of
performance by the Company, and hereby agrees that payment under the Guarantee shall be subject to
no condition other than the giving of a written request for payment, stating the fact of default of
performance, in the manner provided in Section 9.04. This Guarantee is a guarantee of payment and
not of collection.

          (c) The obligations of the Guarantor under the Guarantee shall in no way be impaired by: (1)
any extension, amendment, modification or renewal of the Warrants; (2) any waiver of any default,
extension of time or failure to enforce any of the Warrants; or (3) any extension, moratorium or
other relief granted to the Company pursuant to any applicable law or statute.

          (d) The Guarantor shall be obligated to make payment under the Guarantee, for the benefit of
the holders, at the same address as the Company is obligated to make payment.

          (e) Subject to clause (f) below, the Guarantor hereby agrees that:

     (i) the Warrants will be paid strictly in accordance with the terms of this Agreement,
regardless of the value, genuineness, validity, regularity or enforceability of the
Warrants, and of any law, regulation or order now or hereafter in effect in any jurisdiction
affecting any of such terms or the rights of the Warrant Agent with respect thereto; and

     (ii) the liability of the Guarantor to the extent herein set forth shall be absolute
and unconditional, not subject to any reduction, limitation, impairment, termination,
defense, offset, counterclaim or recoupment whatsoever (all of which are hereby

35

 

expressly waived by the Guarantor) whether by reason of any claim of any character
whatsoever, including, without limitation, any claim of waiver, release, surrender,
alteration or compromise, or by reason of any liability at any time to the Guarantor or
otherwise, whether based upon any obligations or any other agreement or otherwise, and
howsoever arising, whether out of action or inaction or otherwise and whether resulting from
default, willful misconduct, negligence or otherwise, and without limiting the foregoing,
irrespective of:

     (A) any lack of validity or enforceability of any agreement or instrument relating to
the Warrants;

     (B) any change in the time, manner or place of payment of, or in any other term in
respect of, all or any of the Warrants, or any other amendment or waiver of or consent to
any departure from any other agreement relating to any Warrants;

     (C) any increase in, addition to, exchange or release of, or nonperfection of any lien
on or security interest in, any collateral, or any release or amendment or waiver of or
consent to any departure from or failure to enforce any other guarantee, for all or any of
the indebtedness;

     (D) any other circumstance that might otherwise constitute a defense available to, or a
discharge of, the Company in respect of the Warrants;

     (E) the absence of any action on the part of the Warrant Agent to obtain payment of the
Warrants from the Company;

     (F) any insolvency, bankruptcy, reorganization or dissolution, or any similar
proceeding of the Company, including, without limitation, rejection of the Warrants in such
bankruptcy; or

     (G) the absence of notice or any delay in any action to enforce any Warrants or to
exercise any right or remedy against the Guarantor or the Company, whether hereunder, under
any Warrants or any agreement or any indulgence, compromise or extension granted.

          (f) Notwithstanding anything to the contrary in this Guarantee, the Guarantor does not waive
any defense that would be available to the Company based on a breach, default or misrepresentation
by the Warrant Agent, or failure of any condition to the Company’s obligations under this Agreement
or the illegality of any provision of this Agreement.

          (g) The Guarantor further agrees that, to the extent that the Company or the Guarantor makes a
payment or payments to the Warrant Agent, which payment or payments or any part thereof are
subsequently invalidated, declared to be fraudulent or preferential, set aside and/or required to
be repaid to the Company or the Guarantor or their respective estate, trustee, receiver or any
other party under any federal bankruptcy laws, state or federal law, common law or equitable cause,
then to the extent of such payment or repayment, this Guarantee and the advances or part thereof
which have been paid, reduced or satisfied by such amount shall be

36

 

reinstated and continued in full force and effect as of the date such initial payment,
reduction or satisfaction occurred.

          SECTION 8.02. Execution and Delivery of Guarantee.

          (a) If an officer whose signature is on this Agreement or the Guarantee no longer holds that
office at the time the Warrant Agent authenticates the Warrant on which the Guarantee is endorsed
or at any time thereafter, the Guarantee shall be valid nevertheless.

          (b) The delivery of any Warrant by the Warrant Agent, after the authentication thereof
hereunder, shall constitute due delivery of the Guarantee set forth in this Agreement on behalf of
the Guarantor.

          SECTION 8.03. Waiver of Subrogation. The Guarantor shall be subrogated to all rights
of the holders of Warrants and the Warrant Agent against the Company in respect of any amounts paid
to such holders by the Guarantor pursuant to the provisions of the Guarantee; provided, however,
that the Guarantor shall not be entitled to enforce, or to receive any payments arising out of or
based upon such right of subrogation until the payments due in respect of all Warrants of the same
series issued under this Agreement shall have been made in full.

          SECTION 8.04. Limitation on Liens.

          (a) The Guarantor will not, and will not permit any Subsidiary to, incur, issue, assume or
guarantee any Indebtedness if such Indebtedness is secured by a pledge of, lien on, or security
interest in any shares of Voting Stock of any Significant Subsidiary, whether such Voting Stock is
now owned or shall hereafter be acquired, without effectively providing that the Warrants (together
with, if the Guarantor shall so determine, any other indebtedness or obligations of the Guarantor
or any Subsidiary ranking equally with such Warrants and then existing or thereafter created) shall
be secured equally and ratably with such Indebtedness. For the purposes of the foregoing,
pledging, placing a lien on or creating a security interest in any shares of Voting Stock of a
Significant Subsidiary in order to secure then outstanding Indebtedness of the Guarantor or any
Subsidiary shall be deemed to be the incurrence, issuance, assumption or guarantee (as the case may
be) of such Indebtedness, but the foregoing shall not apply to Indebtedness secured by a pledge of,
lien on or security interest in any shares of Voting Stock of any corporation at the time it
becomes a Significant Subsidiary, including extensions, renewals and replacements of such
Indebtedness without increase in the amount thereof.

          (b) For the purposes of subsection (a) of this Section 8.04, the term “Voting Stock” shall
mean capital stock the holders of which have general voting power under ordinary circumstances to
elect a majority of the board of directors of a corporation provided that, for the purposes hereof,
capital stock which carries only the right to vote conditioned on the happening of an event shall
not be considered voting stock whether or not such event shall have happened.

          (c) For the purposes of subsection (a) of this Section 8.04, the term “Significant Subsidiary”
shall mean a Subsidiary, including its Subsidiaries, which meets any of the following conditions:

37

 

     (i) The Guarantor’s and its Subsidiaries’ investments in and advances to the Subsidiary
exceed 10 percent of the total assets of the Guarantor and its Subsidiaries consolidated as
of the end of the most recently completed fiscal year;

     (ii) The Guarantor’s and its Subsidiaries’ proportionate share of the total assets
(after inter-company eliminations) of the Subsidiary exceeds 10 percent of the total assets
of the Guarantor and its Subsidiaries consolidated as of the end of the most recently
completed fiscal year; or

     (iii) The Guarantor’s and its Subsidiaries’ equity in the income from continuing
operations before income taxes, extraordinary items and cumulative effect of a change in
accounting principle of the Subsidiary exceeds 10 percent of such income of the Guarantor
and its Subsidiaries consolidated for the most recently completed fiscal year.

          (d) For the purposes of making the prescribed income test in clause (iii) of subsection (c) of
this Section 8.04, the following shall be applicable:

     (i) When a loss has been incurred by either the Guarantor and its Subsidiaries
consolidated or the tested Subsidiary, but not both, the equity in the income or loss of the
tested Subsidiary shall be excluded from the income of the Guarantor and its Subsidiaries
consolidated for purposes of the computation; and

     (ii) If income of the Guarantor and its Subsidiaries consolidated for the most recent
fiscal year is at least 10 percent lower than the average of the income for the last five
fiscal years, such average income shall be substituted for purposes of the computation. Any
loss years shall be omitted for purposes of computing average income.

          SECTION 8.05. Merger, Consolidation and Sale of Assets.

          (a) The Guarantor will not consolidate with any other entity or accept a merger of any other
entity into the Guarantor or permit the Guarantor to be merged into any other entity, or sell other
than for cash or lease all or substantially all its assets to another entity, or purchase all or
substantially all the assets of another entity, unless (i) either the Guarantor shall be the
continuing entity, or the successor, transferee or lessee entity (if other than the Guarantor)
shall expressly assume, by amendment hereto satisfactory to the Warrant Agent, executed and
delivered by such entity prior to or simultaneously with such consolidation, merger, sale or lease,
the full, irrevocable and unconditional guarantee of the payments due upon exercise with respect to
all the Warrants, and the performance and observance of all other obligations of the Company to the
holders and the Warrant Agent under this Agreement or under the Warrants, all in accordance with
the terms hereof and thereof; and (ii) immediately after such consolidation, merger, sale, lease or
purchase the Guarantor or the successor, transferee or lessee entity (if other than the Guarantor)
would not be in default in the performance of any covenant or condition of this Agreement. A
purchase by a Subsidiary of all or substantially all of the assets of another entity shall not be
deemed to be a purchase of such assets by the Guarantor.

          (b) Upon any consolidation with or merger into any other entity, or any sale, conveyance or
lease of all or substantially all of the assets of the Guarantor in accordance with

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this Section 8.05, the successor entity formed by such consolidation or into or with which the
Guarantor is merged or to which such conveyance, transfer or lease is made shall succeed to, and be
substituted for, and may exercise every right and power of, the Guarantor under this Agreement with
the same effect as if such successor entity had been named as the Guarantor herein, and thereafter,
except in the case of a lease, the predecessor Guarantor shall be relieved of all obligations and
covenants under the Guarantee.

          SECTION 8.06. Assumption by Guarantor.

          (a) The Guarantor may, without the consent of the holders, assume all of the rights and
obligations of the Company hereunder with respect to a series of Warrants and under the Warrants of
such series. Upon such an assumption, the Guarantor shall execute an amended agreement evidencing
its assumption of all such rights and obligations of the Company and the Company shall be released
from its liabilities hereunder and under such Warrants as obligor on the Warrants of such series.

          (b) The Guarantor shall assume all of the rights and obligations of the Company hereunder with
respect to a series of Warrants and under the Warrants of such series, if, upon a default by the
Company in the due and punctual payment due on such Warrants, the Guarantor is prevented by any
court order or judicial proceeding from fulfilling its obligations under Section 8.01 with respect
to such series of Warrants. Such assumption shall result in the Warrants of such series becoming
the direct obligations of the Guarantor and shall be effected without the consent of the holders of
the Warrants of any series. Upon such an assumption, the Guarantor shall execute an amendment to
this Agreement evidencing its assumption of all such rights and obligations of the Company, and the
Company shall be released from its liabilities hereunder and under such Warrants as obligor on the
Warrants of such series.

          SECTION 8.07. Article Eight Applicable to Paying Agent. At any time that a Paying
Agent other than the Warrant Agent shall have been appointed by the Company and be then acting
hereunder, the term “Warrant Agent” as used in this Article Eight shall in such case (unless the
context otherwise requires) be construed as extending to and including such Paying Agent within its
meaning as fully for all intents and purposes as if such Paying Agent were named in this Article
Eight in addition to or in place of the Warrant Agent.

          SECTION 8.08. No Suspension of Remedies. Nothing contained in this Article Eight shall
limit the right of the Warrant Agent or the holders of Warrants to take any action to pursue any
rights or remedies hereunder or under applicable law.

ARTICLE IX

MISCELLANEOUS

          SECTION 9.01. Amendment. (a) This Agreement and the terms of the Warrants may be
amended by the Company, the Guarantor and the Warrant Agent, without the consent of the
Warrantholders, for the purpose of curing any ambiguity, or of curing, correcting or supplementing
any defective or inconsistent provision contained herein or therein, to maintain the Warrants’
listing on any national securities exchange, securities association or self-regulatory

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organization on which they are then listed, to register the Warrants under the Exchange Act,
to permit the issuance of individual Warrants to Warrantholders, to reflect the issuance by the
Company of additional warrants of the same series or to reflect the appointment of a successor
Depositary, or in any other manner which the Company may deem necessary or desirable and which, as
determined by the Company in its sole discretion, will not adversely affect the interests of the
holders of the Warrants.

          (b) The Company, the Guarantor and the Warrant Agent may modify or amend this Agreement and
the terms of the related Warrants, with the consent of Warrantholders holding not less than a
majority in amount of the then outstanding Warrants affected by such modification or amendment, for
any purpose; provided, however, that no such modification or amendment that changes the
determination of the Settlement Amount of a Warrant (or any aspects of such determination) so as to
reduce the amount receivable upon exercise of a Warrant, shortens the period of time during which
the Warrants may be exercised, or otherwise materially and adversely affects the exercise rights of
the Warrantholders or reduces the percentage of the amount of outstanding Warrants, the consent of
whose holders is required for modification or amendment of this Agreement or the terms of the
related Warrants, may be made without the consent of each Warrantholder affected thereby. The
Warrant Agent may, but shall not be obligated to, enter into any amendment of this Agreement that
affects its rights, duties, immunities or indemnities hereunder.

          SECTION 9.02. Certificates and Opinions as to Conditions Precedent.

          (a) Upon any request or application by the Company to the Warrant Agent to take any action
under any of the provisions of this Agreement, the Company or the Guarantor shall furnish to the
Warrant Agent an Officers’ Certificate stating that all conditions precedent, if any, provided for
in this Agreement relating to the proposed action have been complied with and an Opinion of Counsel
stating that in the opinion of such counsel all such conditions precedent have been complied with,
except that in the case of any such application or demand as to which the furnishing of such
document is specifically required by any provision of this Agreement relating to such particular
application or demand, no additional certificate or opinion need be furnished.

          (b) Each certificate or opinion provided for in this Agreement and delivered to the Warrant
Agent with respect to compliance with a condition or covenant provided for in this Agreement shall
include (i) a statement that the Person making giving such certificate or opinion has read such
covenant or condition; (ii) a brief statement as to the nature and scope of the examination or
investigation upon which the statements or opinions contained in such certificate or opinion are
based; (iii) a statement that, in the view or opinion of such Person, he or she has made such
examination or investigation as is necessary to enable such Person to express an informed view or
opinion as to whether or not such covenant or condition has been complied with; and (iv) a
statement as to whether or not, in the view or opinion of such Person, such condition or covenant
has been complied with.

          (c) Any certificate, statement or opinion of an officer of the Company or the Guarantor may be
based, insofar as it relates to legal matters, upon a certificate or opinion of, or representations
by, counsel, unless such officer knows, or in the exercise of reasonable care

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should know, that the certificate or opinion or representations with respect to the matters
upon which his or certificate, statement or opinion is based are erroneous. Any certificate,
statement or opinion of counsel may be based, insofar as it relates to factual matters, upon a
certificate, statement or opinion of, or representations by, an officer or officers of the Company
or the Guarantor stating that the information with respect to such factual matters is in the
possession of the Company or the Guarantor, unless such counsel knows, or in the exercise of
reasonable care should know, that the certificate, statement or opinion or representations with
respect to such matters are erroneous.

          (d) In any case where several matters are required to be certified by, or covered by an
opinion of, any specified Person, it is not necessary that all such matters be certified by, or
covered by the opinion of, only one such Person, or that they be so certified or covered by only
one document, but one such Person may certify or give an opinion with respect to some matters and
one or more other such Persons as to other matters, and any such Person may certify or give an
opinion as to such matters in one or several documents.

          (e) Where any Person is required to make, give or execute two or more applications, requests,
consents, certificates, statements, opinions or other instruments under this Agreement, they may,
but need not, be consolidated and form one instrument.

          SECTION 9.03. Notices to the Company, Guarantor and Warrant Agent. Any notice, demand
or other document authorized by this Agreement to be made upon, given or furnished to, or filed
with, the Company, the Guarantor or the Warrant Agent shall be sufficiently made, given, furnished
or filed for all purposes if it shall be mailed, delivered or telefaxed to:

          (a) the Company, at 388 Greenwich Street, New York, NY 10013, Attention: Assistant Treasurer,
fax: (212) 816-3619 or at such other address or facsimile number as may have been furnished in
writing to the Warrant Agent by the Company.

          (b) the Guarantor, at 425 Park Avenue, New York, New York 10043, Attention: General Counsel —
Capital Markets, Fax: (212) 793-7600 or at such other address or facsimile number as may have been
furnished in writing to the Warrant Agent by the Guarantor.

          (c) the Warrant Agent, at the Corporate Trust Office of the Warrant Agent.

          Any such notice, demand or other document shall be in the English language. If the Warrant Agent
shall receive any notice, demand or other document addressed to the Company or the Guarantor by any
Warrantholder pursuant to the provisions of this Agreement, the Warrant Agent shall promptly
forward such notice, demand or other document to the Company or the Guarantor, as applicable.

          SECTION 9.04. Notices to Holders; Waiver.

          (a) The Company may cause to have notice given to the Warrantholders by (i) with respect to
holders of Registered Warrants, providing the Warrant Agent with a form of notice to be distributed
by the Depositary to Members in accordance with the custom and practices of the Depositary and (ii)
with respect to holders of Bearer Warrants, publishing such

41

 

notice on two separate Business Days in an Authorized Newspaper or Newspapers in such Place or
Places of Payment specified pursuant to Section 3.01.

          (b) Where this Agreement provides for notice in any manner, such notice may be waived in
writing by the Person entitled to receive such notice, either before or after the event, and such
waiver shall be the equivalent of such notice. Waivers of notice by holders shall be filed with
the Warrant Agent, but such filing shall not be a condition precedent to the validity of any action
taken in reliance on such waiver. In any case where notice to holders is given by mail, neither
the failure to mail such notice nor any defect in any notice so mailed to any particular holder
shall affect the sufficiency of such notice with respect to other holders, and any notice that is
mailed in the manner herein provided shall be conclusively presumed to have been duly given. In
any case where notice to holders is given by publication, any defect in any notice so published as
to any particular holder shall not affect the sufficiency of such notice with respect to other
holders, and any notice that is published in the manner herein provided shall be conclusively
presumed to have been duly given.

          SECTION 9.05. Legal Holiday. Unless otherwise specified pursuant to Section 3.01, in
any case where any Settlement Date of the Warrants of a series shall not be a Business Day at any
Place of Payment for the Warrants of that series, then payment of any amount due need not be made
at such Place of Payment on such date, but may be made on the next succeeding Business Day at such
Place of Payment with the same force and effect as if made on such Settlement Date and no interest
shall accrue on such payment for the period from and after such Settlement Date to such Business
Day if such payment is made or duly provided for on such Business Day.

          SECTION 9.06. Obtaining of Approvals. The Company will from time to time take all
action which may be necessary to obtain and keep effective (a) any and all permits, consents and
approvals of governmental agencies and authorities and any United States national securities
exchange on which any series of Warrants is listed and (b) any and all filings or notices under
United States Federal and state securities laws, which may be or become required in connection with
the issuance, sale, trading, transfer or delivery of the Global Warrants or the exercise of the
Warrants.

          SECTION 9.07. Persons Having Rights Under This Agreement. Nothing in this Agreement
expressed or implied and nothing that may be inferred from any of the provisions hereof is
intended, or shall be construed, to confer upon, or give to, any person or corporation other than
the Company, the Guarantor, the Warrant Agent, the registered holder of any Global Warrant and the
Warrantholders any right, remedy or claim under or by reason of this Agreement or of any covenant,
condition, stipulation, promise or agreement hereof; and all covenants, conditions, stipulations,
promises and agreements contained in this Agreement shall be for the sole and exclusive benefit of
the Company, the Guarantor, the Warrant Agent, and their respective successors, the registered
holder of any Global Warrant and of the Warrantholders.

          SECTION 9.08. Successors and Assigns. All covenants and agreements in this Agreement
by the parties hereto shall bind their respective successors and assigns and inure to the benefit
of their permitted successors and assigns, whether so expressed or not.

42

 

          SECTION 9.09. Separability Clause. In case any provision in this Agreement or in the
Warrants shall be invalid, illegal or unenforceable, the validity, legality and enforceability of
the remaining provisions shall not in any way be affected or impaired thereby.

          SECTION 9.10. Inspection of Agreement. A copy of this Agreement shall be available at
all reasonable times at the Warrant Agent’s Office for inspection by the Warrantholders, Members or
any person certified by any Member to be an indirect participant of the Depositary or any person
certified by any Member to be a Warrantholder, in each case, on behalf of whom such Member holds
Warrants.

          SECTION 9.11. Headings. The descriptive headings of the several Articles and Sections
of this Agreement are inserted for convenience only and shall not control or affect the meaning or
construction of any of the provisions hereof.

          SECTION 9.12. Counterparts. This Agreement may be executed by the parties hereto in
any number of counterparts, each of which counterpart, when so executed and delivered, shall be
deemed to be an original, but all such counterparts taken together shall constitute but one and the
same instrument. Delivery of an executed counterpart of a signature page of this Agreement by
facsimile transmission shall be effective as delivery of a manually executed counterpart of this
Agreement.

          SECTION 9.13. GOVERNING LAW. THIS AGREEMENT AND EACH WARRANT SHALL BE GOVERNED BY, AND
INTERPRETED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK AND FOR ALL PURPOSES SHALL BE
GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF SAID STATE

43

 

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

	 	 	 	 	 	 	 
	 	 	CITIGROUP FUNDING INC.,
  as Issuer
	 
	 	 	 	 	 	 
	 	 	By:	 	/s/ Geoffrey S. Richards
	 	 	 	 	 
	 

	 	 	 	Name:
	 	Geoffrey S. Richards
	 

	 	 	 	Title:
	 	Vice President and Assistant Treasurer

	 	 	 	 	 	 	 
	 	 	CITIGROUP INC.,
  as Guarantor
	 
	 	 	 	 	 	 
	 	 	By:	 	/s/ Charles E. Wainhouse
	 	 	 	 	 
	 

	 	 	 	Name:
	 	Charles E. Wainhouse
	 

	 	 	 	Title:
	 	Assistant Treasurer

	 	 	 	 	 	 	 
	 	 	U.S. BANK NATIONAL ASSOCIATION,
  as Warrant Agent
	 
	 	 	 	 	 	 
	 	 	By:	 	/s/ Marlene J. Fahey
	 	 	 	 	 
	 

	 	 	 	Name:
	 	Marlene J. Fahey
	 

	 	 	 	Title:
	 	Vice President

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00113-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00113-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00113-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00113-of-00352.parquet"}]]