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Exhibit 4.6  

DOLE FOOD COMPANY, INC.  

 TO  

 CHEMICAL TRUST COMPANY OF CALIFORNIA  

 Trustee  

 INDENTURE  

 Dated as of July 15, 1993  

 SENIOR DEBT SECURITIES  

 
  
 

    TABLE OF CONTENTS    
  

	 
	 	 
	 	Page

	PARTIES	 	1
	

RECITALS OF THE COMPANY	
 	

1
	

ARTICLE ONE Definitions and Other Provisions of General Application	
 	

1
	 	

Section 101.	
 	

Definitions	
 	

1
	 	 	 	Act	 	1
	 	 	 	Affiliate	 	1
	 	 	 	Authenticating Agent	 	2
	 	 	 	Authorized Newspaper	 	2
	 	 	 	Bearer Security	 	2
	 	 	 	Board of Directors	 	2
	 	 	 	Board Resolution	 	2
	 	 	 	Business Day	 	2
	 	 	 	Commission	 	2
	 	 	 	Company	 	2
	 	 	 	Company Request or Company Order	 	2
	 	 	 	Corporate Trust Office	 	2
	 	 	 	Corporation	 	2
	 	 	 	Coupon	 	2
	 	 	 	Covenant Defeasance	 	2
	 	 	 	Defaulted Interest	 	2
	 	 	 	Defeasance	 	2
	 	 	 	Defeasible Series	 	2
	 	 	 	Depositary	 	2
	 	 	 	Event of Default	 	3
	 	 	 	Exchange Act	 	3
	 	 	 	Global Security	 	3
	 	 	 	Holder	 	3
	 	 	 	Indenture	 	3
	 	 	 	Interest	 	3
	 	 	 	Interest Payment Date	 	3
	 	 	 	Maturity	 	3
	 	 	 	Officers' Certificate	 	3
	 	 	 	Opinion of Counsel	 	3
	 	 	 	Original Issue Discount Security	 	3
	 	 	 	Outstanding	 	3
	 	 	 	Paying Agent	 	4
	 	 	 	Person	 	4
	 	 	 	Place of Payment	 	4
	 	 	 	Predecessor Security	 	4
	 	 	 	Redemption Date	 	4
	 	 	 	Redemption Price	 	4
	 	 	 	Registered Security	 	4
	 	 	 	Regular Record Date	 	4
	 	 	 	Responsible Officer	 	5
	 	 	 	Securities	 	5
	 	 	 	Security Register and Security Registrar	 	5

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	 	 	 	Special Record Date	 	5
	 	 	 	Stated Maturity	 	5
	 	 	 	Subsidiary	 	5
	 	 	 	Trustee	 	5
	 	 	 	Trust Indenture Act	 	5
	 	 	 	U.S. Government Obligations	 	5
	 	 	 	Vice President	 	5
	 	Section 102.	 	Compliance Certificates and Opinions	 	5
	 	Section 103.	 	Form of Documents Delivered to Trustee	 	6
	 	Section 104.	 	Acts of Holders; Record Dates	 	6
	 	Section 105.	 	Notice, Etc., to Trustee and Company	 	8
	 	Section 106.	 	Notice to Holders; Waiver	 	8
	 	Section 107.	 	Conflict with Trust Indenture Act	 	9
	 	Section 108.	 	Effect of Headings and Table of Contents	 	9
	 	Section 109.	 	Successors and Assigns	 	9
	 	Section 110.	 	Separability Clause	 	9
	 	Section 111.	 	Benefits of Indenture	 	9
	 	Section 112.	 	Governing Law	 	9
	 	Section 113.	 	Legal Holidays	 	9
	

ARTICLE TWO Security Forms	
 	

10
	 	

Section 201.	
 	

Forms Generally	
 	

10
	 	Section 202.	 	Form of Legend for Global Securities	 	10
	 	Section 203.	 	Form of Trustee's Certificate of Authentication	 	11
	

ARTICLE THREE The Securities	
 	

12
	 	

Section 301.	
 	

Amount Unlimited; Issuable in Series	
 	

12
	 	Section 302.	 	Denominations	 	14
	 	Section 303.	 	Execution, Authentication, Delivery and Dating	 	14
	 	Section 304.	 	Temporary Securities	 	15
	 	Section 305.	 	Registration, Registration of Transfer and Exchange	 	15
	 	Section 306.	 	Mutilated, Destroyed, Lost and Stolen Securities	 	17
	 	Section 307.	 	Payment of Interest; Interest Rights Preserved	 	18
	 	Section 308.	 	Persons Deemed Owners	 	19
	 	Section 309.	 	Cancellation	 	20
	 	Section 310.	 	Computation of Interest	 	20
	

ARTICLE FOUR Satisfaction and Discharge	
 	

20
	 	

Section 401.	
 	

Satisfaction and Discharge of Indenture	
 	

20
	 	Section 402.	 	Application of Trust Money	 	21
	

ARTICLE FIVE Remedies	
 	

22
	 	

Section 501.	
 	

Events of Default	
 	

22
	 	Section 502.	 	Acceleration of Maturity; Rescission and Annulment	 	23
	 	Section 503.	 	Collection of Indebtedness and Suits for Enforcement by Trustee	 	24
	 	Section 504.	 	Trustee May File Proofs of Claim	 	25
	 	Section 505.	 	Trustee May Enforce Claims Without Possession of Securities	 	25
	 	Section 506.	 	Application of Money Collected	 	25
	 	Section 507.	 	Limitation on Suits	 	26

ii

 

	 	Section 508.	 	Unconditional Right of Holders to Receive Principal, Premium and Interest	 	26
	 	Section 509.	 	Restoration of Rights and Remedies	 	26
	 	Section 510.	 	Rights and Remedies Cumulative	 	27
	 	Section 511.	 	Delay or Omission Not Waiver	 	27
	 	Section 512.	 	Control by Holders	 	27
	 	Section 513.	 	Waiver of Past Defaults	 	27
	 	Section 514.	 	Undertaking for Costs	 	28
	 	Section 515.	 	Waiver of Usury, Stay or Extension Laws	 	28
	

ARTICLE SIX The Trustee	
 	

28
	 	

Section 601.	
 	

Certain Duties and Responsibilities	
 	

28
	 	Section 602.	 	Notice of Defaults	 	28
	 	Section 603.	 	Certain Rights of Trustee	 	28
	 	Section 604.	 	Not Responsible for Recitals or Issuance of Securities	 	29
	 	Section 605.	 	May Hold Securities or Coupons	 	29
	 	Section 606.	 	Money Held in Trust	 	30
	 	Section 607.	 	Compensation and Reimbursement	 	30
	 	Section 608.	 	Disqualification; Conflicting Interests	 	30
	 	Section 609.	 	Corporate Trustee Required; Eligibility	 	30
	 	Section 610.	 	Resignation and Removal; Appointment of Successor	 	31
	 	Section 611.	 	Acceptance of Appointment by Successor	 	32
	 	Section 612.	 	Merger, Conversion, Consolidation or Succession to Business	 	32
	 	Section 613.	 	Preferential Collection of Claims Against Company	 	33
	 	Section 614.	 	Appointment of Authenticating Agent	 	33
	

ARTICLE SEVEN Holders' Lists and Reports by Trustee and Company	
 	

34
	 	

Section 701.	
 	

Company to Furnish Trustee Names and Addresses of Holders	
 	

34
	 	Section 702.	 	Preservation of Information; Communications to Holders	 	34
	 	Section 703.	 	Reports by Trustee	 	35
	 	Section 704.	 	Reports by Company	 	35
	

ARTICLE EIGHT Consolidation, Merger, Conveyance, Transfer or Lease	
 	

35
	 	

Section 801.	
 	

Company May Consolidate, Etc., Only on Certain Terms	
 	

35
	 	Section 802.	 	Successor Substituted	 	36
	

ARTICLE NINE Supplemental Indentures	
 	

36
	 	

Section 901.	
 	

Supplemental Indentures Without Consent of Holders	
 	

36
	 	Section 902.	 	Supplemental Indentures with Consent of Holders	 	37
	 	Section 903.	 	Execution of Supplemental Indentures	 	38
	 	Section 904.	 	Effect of Supplemental Indentures	 	38
	 	Section 905.	 	Conformity with Trust Indenture Act	 	38
	 	Section 906.	 	Reference in Securities to Supplemental Indentures	 	38
	

ARTICLE TEN Covenants	
 	

38
	 	

Section 1001.	
 	

Payment of Principal, Premium and Interest	
 	

38
	 	Section 1002.	 	Maintenance of Office or Agency	 	38
	 	Section 1003.	 	Money for Securities Payments to Be Held in Trust	 	39
	 	Section 1004.	 	Statement by Officers as to Default	 	40
	 	Section 1005.	 	Existence	 	40

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	 	Section 1006.	 	Maintenance of Properties	 	40
	 	Section 1007.	 	Payment of Taxes and Other Claims	 	40
	

ARTICLE ELEVEN Redemption of Securities	
 	

41
	 	

Section 1101.	
 	

Applicability of Article	
 	

41
	 	Section 1102.	 	Election to Redeem; Notice to Trustee	 	41
	 	Section 1103.	 	Selection by Trustee of Securities to Be Redeemed	 	41
	 	Section 1104.	 	Notice of Redemption	 	41
	 	Section 1105.	 	Deposit of Redemption Price	 	42
	 	Section 1106.	 	Securities Payable on Redemption Date	 	42
	 	Section 1107.	 	Securities Redeemed in Part	 	43
	

ARTICLE TWELVE Sinking Funds	
 	

43
	 	

Section 1201.	
 	

Applicability of Article	
 	

43
	 	Section 1202.	 	Satisfaction of Sinking Fund Payments with Securities	 	44
	 	Section 1203.	 	Redemption of Securities for Sinking Fund	 	44
	

ARTICLE THIRTEEN Defeasance and Covenant Defeasance	
 	

44
	 	

Section 1301.	
 	

Company's Option to Effect Defeasance or Covenant Defeasance	
 	

44
	 	Section 1302.	 	Defeasance and Discharge	 	44
	 	Section 1303.	 	Covenant Defeasance	 	45
	 	Section 1304.	 	Conditions to Defeasance or Covenant Defeasance	 	45
	 	Section 1305.	 	Deposited Money and U.S. Government Obligations to be Held in Trust; Other Miscellaneous Provisions	 	47
	 	Section 1306.	 	Reinstatement	 	47
	

ARTICLE FOURTEEN Meetings of Holders of Securities	
 	

47
	 	

Section 1401.	
 	

Purpose for Which Meetings May be Called	
 	

47
	 	Section 1402.	 	Call, Notice and Place of Meetings	 	48
	 	Section 1403.	 	Persons Entitled to Vote at Meetings	 	48
	 	Section 1404.	 	Quorum; Action	 	48
	 	Section 1405.	 	Determination of Voting Rights; Conduct and Adjournment of Meetings	 	49
	 	Section 1406.	 	Counting Votes and Recording Action of Meetings	 	49

NOTE:
This table of contents shall not, for any purpose, be deemed to be a part of the Indenture. 

iv

   DOLE FOOD COMPANY, INC.

Certain Sections of this Indenture relating to Sections 310 through 318,

inclusive, of the Trust Indenture Act of 1939:  

	Trust Indenture Act Section
 
	 	Indenture Section

	§ 310	(a)(1)	 	609
	 	(a)(2)	 	609
	 	(a)(3)	 	Not Applicable
	 	(a)(4)	 	Not Applicable
	 	(b)	 	608
	 	 	 	610
	§ 311	(a)	 	613
	 	(b)	 	613
	§ 311	(a)	 	701
	 	 	 	702
	

 	

(b)	
 	

702
	 	(c)	 	702
	§ 313	(a)	 	703
	 	(b)	 	703
	 	(c)	 	703
	 	(d)	 	703
	§ 314	(a)	 	704
	 	(a)(4)	 	101
	 	 	 	1004
	 	(b)	 	Not Applicable
	 	(c)(1)	 	102
	 	(c)(2)	 	102
	 	(c)(3)	 	Not Applicable
	 	(d)	 	Not Applicable
	 	(e)	 	102
	§ 315	(a)	 	601
	 	(b)	 	602
	 	(c)	 	601
	 	(d)	 	601
	 	(e)	 	514
	§ 316	(a)	 	101
	 	(a)(1)(A)	 	502
	 	 	 	512
	 	(a)(1)(B)	 	513
	 	(a)(2)	 	Not Applicable
	 	(b)	 	508
	 	(c)	 	104
	 	 	 	501
	 	 	 	502
	 	 	 	512
	§ 317	(a)(1)	 	503
	 	(a)(2)	 	504
	 	(b)	 	1003
	§ 318	(a)	 	107

NOTE:
This reconciliation and tie shall not, for any purpose, be deemed to be a part of the Indenture. 

i

  

 
 

PARTIES    
  

        INDENTURE, dated as of July 15, 1993, between Dole Food Company, Inc., a corporation duly organized and existing under the laws of the State of
Hawaii (herein called the "Company"), having its principal office at 31355 Oak Crest Drive, Westlake Village, California 91361, and Chemical Trust Company of California, a corporation duly organized
and existing under the laws of the State of California, as Trustee (herein called the "Trustee"). 

 
 

RECITALS OF THE COMPANY    
  

        The Company has duly authorized the execution and delivery of this Indenture to provide for the issuance from time to time of its unsecured debentures, notes or
other evidences of indebtedness (herein called the "Securities"), to be issued in one or more series as in this Indenture provided. 

        All
things necessary to make this Indenture a valid agreement of the Company, in accordance with its terms, have been done. 

        NOW,
THEREFORE, THIS INDENTURE WITNESSETH: 

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

 
 

ARTICLE ONE    
    
    Definitions and Other Provisions of General Application    
  

        Section 101.    Definitions.    

        For
all purposes of this Indenture, except as otherwise expressly provided or unless the context otherwise requires: 

        (1)  the
terms defined in this Article have the meanings assigned to them in this Article and include the plural as well as the singular; 

        (2)  all
other terms used herein which are defined in the Trust Indenture Act, either directly or by reference therein, have the meanings assigned to them therein; 

        (3)  all
accounting terms not otherwise defined herein have the meanings assigned to them in accordance with generally accepted accounting principles, and, except as
otherwise herein expressly provided, the term "generally accepted accounting principles" with respect to any computation required or permitted hereunder shall mean such accounting principles as are
generally accepted at the date of such computation; 

        (4)  the
words "Article" and "Section" refer to an Article and Section, respectively, of this Indenture; and 

        (5)  the
words "herein", "hereof" and "hereunder" and other words of similar import refer to this Indenture as a whole and not to any particular Article, Section or other
subdivision. 

        "Act",
when used with respect to any Holder, has the meaning specified in Section 104. 

        "Affiliate"
of any specified Person means 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. 

1

 

        "Authenticating
Agent" means any Person authorized by the Trustee pursuant to Section 614 to act on behalf of the Trustee to authenticate Securities of one or more series. 

        "Authorized
Newspaper" means a newspaper, in an official language of the place of publication or in the English language, customarily published on each day that is a Business Day in the
place of publication, and of general circulation in each place in connection with which the term is used or in the financial community of each such place. 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 day that is
a Business Day in the place of publication. 

        "Bearer
Security" means any Security in the form established pursuant to Section 201 which is payable to bearer. 

        "Board
of Directors" means either the board of directors of the Company or any duly authorized committee of that board. 

        "Board
Resolution" means a copy of a resolution certified by the Secretary or an Assistant Secretary of the Company to have been duly adopted by the Board of Directors and to be in full
force and effect on the date of such certification, and delivered to the Trustee. 

        "Business
Day", when used with respect to any Place of Payment, means each Monday, Tuesday, Wednesday, Thursday and Friday which is not a day on which banking institutions in that Place
of Payment- are authorized or obligated by law or executive order to close or such other day as provided in or pursuant to an Officers' Certificate or supplemental indenture referred to in
Section 301. 

        "Commission"
means the Securities and Exchange Commission, as from time to time constituted, created under the Exchange Act or, if at any time after the execution of this instrument such
Commission is not existing and performing the duties now assigned to it under the Trust Indenture Act, then the body performing such duties at such time. 

        "Company"
means the Person named as the "Company" in the first paragraph of this instrument until a successor Person shall have become such pursuant to the applicable provisions of this
Indenture, and thereafter "Company" shall mean such successor Person. 

        "Company
Request" or "Company Order" means a written request or order signed in the name of the Company by its Chairman of the Board, its Vice Chairman of the Board, its President or a
Vice President, and by its Treasurer, an Assistant Treasurer, its Secretary or an Assistant Secretary, and delivered to the Trustee. 

        "Corporate
Trust Office" means the principal office of the Trustee at which at any particular time its corporate trust business shall be administered. 

        "Corporation"
means a corporation, association, company, joint-stock company or business trust. 

        "Coupon"
means any interest coupon appertaining to a Bearer Security. 

        "Covenant
Defeasance" has the meaning specified in Section 1303. 

        "Defaulted
Interest" has the meaning specified in Section 307. 

        "Defeasance"
has the meaning specified in Section 1302. 

        "Defeasible
Series" has the meaning specified in Section 1301. 

        "Depositary"
means, with respect to Securities of any series issuable in whole or in part in the form of one or more Global Securities, a clearing agency registered under the Exchange
Act that is designated to act as Depositary for such Securities as contemplated by Section 301. 

2

 

        "Event
of Default" has the meaning specified in Section 501. 

        "Exchange
Act" means the Securities Exchange Act of 1934, as amended from time to time, and any statute successor thereto. 

        "Global
Security" means a Security that evidences all or part of the Securities of any series and is authenticated and delivered to, and registered in the name of, the Depositary for
such Securities or a nominee thereof. 

        "Holder",
in the case of any Registered Security, means a Person in whose name such Security is registered in the Security Register and, in the case of any Bearer Security, means the
bearer thereof and, in the case of any Coupon, means the bearer thereof. 

        "Indenture"
means this instrument as originally executed or as it way from time to time be supplemented or amended by one or more indentures supplemental hereto entered into pursuant to
the applicable provisions hereof, including, for all purposes of this instrument, and any such supplemental indenture, the provisions of the Trust Indenture Act that are deemed to be a part of and
govern this instrument and any such supplemental indenture, respectively. The term "Indenture" shall also include the terms of particular series of Securities established as contemplated by
Section 301. 

        "Interest",
when used with respect to an Original Issue Discount Security which by its terms bears interest only after Maturity, means interest payable after Maturity. 

        "Interest
Payment Date", when used with respect to any Security, means the Stated Maturity of an installment of interest on such Security. 

        "Maturity",
when used with respect to any Security, means the date on which the principal of such Security or an installment of principal becomes due and payable as therein or herein
provided, whether at the Stated Maturity, or by declaration of acceleration, call for redemption or otherwise. 

        "Officers'
Certificate" means a certificate signed by the Chairman of the Board, a Vice Chairman of the Board, the President or a Vice President, and by the Treasurer, an Assistant
Treasurer, the Secretary or an Assistant Secretary, of the Company, and delivered to the Trustee. One of the officers signing an Officers' Certificate given pursuant to Section 1004 shall be
the principal executive, financial or accounting officer of the Company. 

        "Opinion
of Counsel" means a written opinion of counsel, who may be counsel for the Company, and who shall be acceptable to the Trustee (which acceptance shall not unreasonably be
withheld). 

        "Original
Issue Discount Security" means any Security which provides for an amount less than the principal amount thereof to be due and payable upon a declaration of acceleration of the
Maturity thereof pursuant to Section 502. 

        "Outstanding",
when used with respect to Securities, means, as of the date of determination, all Securities theretofore authenticated and delivered under this Indenture,  except:

        (1)  Securities
theretofore cancelled by the Trustee or delivered to the Trustee for cancellation; 

        (2)  Securities
for whose payment or redemption money in the necessary amount has been theretofore deposited with the Trustee or any Paying Agent (other than the Company) in
trust or set aside and segregated in trust by the Company (if the Company shall act as its own Paying Agent) for the Holders of such Securities and any Coupons appertaining thereto; provided that, if
such Securities are to be redeemed, notice of such redemption has been duly given pursuant to this Indenture or provision therefor satisfactory to the Trustee has been made; 

        (3)  Securities
as to which Defeasance has been effected pursuant to Section 1302; and 

3

 

        (4)  Securities
which have been paid pursuant to Section 306 or in exchange for or in lieu of which other Securities have been authenticated and delivered pursuant to
this Indenture, other than any such Securities in respect of which there shall have been presented to the Trustee proof satisfactory to it that such Securities are held by a bona fide purchaser in
whose hands such Securities are valid obligations of the Company; 

provided, however, that in determining whether the Holders of the requisite principal amount of the Outstanding Securities have given any request,
demand, authorization, direction, notice, consent or waiver hereunder, (A) the principal amount of an Original Issue Discount Security that shall be deemed to be Outstanding shall be the amount
of the principal thereof that would be due and payable as of the date of such determination upon acceleration of the Maturity thereof to such date pursuant to Section 502, (B) the principal
amount of a Security denominated in one or more foreign currencies or currency units shall be the U.S. dollar equivalent, determined in the manner provided as contemplated by Section 301 on the
date of original issuance of such Security, of the principal amount (or, in the case of an Original Issue Discount Security, the U.S. dollar equivalent on the date of original issuance of such
Security of the amount determined as provided in Clause (A) above) of such Security, and (C) Securities owned by the Company or any other obligor upon the Securities or any Subsidiary of
the Company or of such other obligor shall be disregarded and deemed not to be Outstanding, except that, in determining whether the Trustee shall be protected in relying upon any such request, demand,
authorization, direction, notice, consent or waiver, only Securities which the Trustee knows to be so
owned shall be so disregarded. Securities so owned which have been pledged in good faith may be regarded as Outstanding if the pledgee establishes to the satisfaction of the Trustee the pledgee's
right so to act with respect to such Securities and that the pledgee is not the Company or any other obligor upon the Securities or any Coupon appertaining thereto or any Subsidiary of the Company or
of such other obligor. 

        "Paying
Agent" means any Person authorized by the Company to pay the principal of or any premium or interest on any Securities or any Coupon on behalf of the Company. 

        "Person"
means any individual, corporation, partnership, joint venture, trust, unincorporated organization or government or any agency or political subdivision thereof. 

        "Place
of Payment", when used with respect to the Securities of any series, means the place or places where the principal of and any premium and interest on the Securities of that series
are payable as specified as contemplated by Section 301. 

        "Predecessor
Security" of any particular Security means every previous Security evidencing all or a portion of the same debt as that evidenced by such particular Security; and, for the
purposes of this definition, any Security authenticated and delivered under Section 306 in exchange for or in lieu of a mutilated, destroyed, lost or stolen Security or any Security to which a
mutilated, destroyed, lost or stolen Coupon appertains shall be deemed to evidence the same debt as the lost, destroyed, mutilated or stolen Security or the Security to which a mutilated, destroyed,
lost or stolen Coupon appertains. 

        "Redemption
Date", when used with respect to any Security to be redeemed, means the date fixed for such redemption by or pursuant to this Indenture. 

        "Redemption
Price", when used with respect to any Security to be redeemed, means the price at which it is to be redeemed pursuant to this Indenture. 

        "Registered
Security" means any Security established pursuant to Section 201 which is registered in the Security Register. 

        "Regular
Record Date" for the interest payable on any Registered Security on any Interest Payment Date means the date specified for that purpose as contemplated by Section 301. 

4

 

        "Responsible
Officer", when used with respect to the Trustee, means the chairman or any vice-chairman of the board of directors, the chairman or any vice-chairman
of the executive committee of the board of directors, the chairman of the trust committee, the president, any vice president, the secretary, any assistant secretary, the treasurer, any assistant
treasurer, the cashier, any assistant cashier, any trust officer or assistant trust officer, the controller or any assistant controller or any other officer of the Trustee customarily performing
functions similar to those performed by any of the above designated officers and also means, with respect to a particular corporate trust matter, any other officer to whom such matter is referred
because of his knowledge of and familiarity with the particular subject. 

        "Securities"
has the meaning stated in the first recital of this Indenture and more particularly means any Securities authenticated and delivered under this Indenture. 

        "Security
Register" and "Security Registrar" have the respective meanings specified in Section 305. 

        "Special
Record Date" for the payment of any Defaulted Interest on any Registered Security means a date fixed by the Trustee pursuant to Section 307. 

        "Stated
Maturity", when used with respect to any Security or any installment of principal thereof or interest thereon, means the date specified in such Security as the fixed date on
which the principal of such Security or such installment of principal or interest is due and payable. 

        "Subsidiary"
means a corporation more than 501 of the outstanding voting stock of which is owned, directly or indirectly, by the Company or by one or more other Subsidiaries, or by the
Company and one or more other Subsidiaries. For the purposes of this definition, "voting stock" means stock which ordinarily has voting power for the election of directors, whether at all times or
only so long as no senior class of stock has such voting power by reason of any contingency. 

        "Trustee"
means the Person named as the "Trustee" in the first paragraph of this instrument until a successor Trustee shall have become such with respect to one or more series of
Securities pursuant to the applicable provisions of this Indenture, and thereafter "Trustee" shall mean or include each Person who is then a Trustee hereunder, and if at any time there is more than
one such Person, "Trustee" as used with respect to the Securities of any series shall mean exclusively the Trustee with respect to Securities of that series. 

        "Trust
Indenture Act" means the Trust Indenture Act of 1939 as in force at the date as of which this instrument was executed; provided,
however, that in the event the Trust Indenture Act of 1939 is amended after such date, "Trust Indenture Act" means, to the extent required by any such amendment, the Trust
Indenture Act of 1939 as so amended. 

        "U.S.
Government Obligations" has the meaning specified in Section 1304. 

        "Vice
President", when used with respect to the Company or the Trustee, means any vice president, whether or not designated by a number or a word or words added before or after the title
"vice president". 

        Section 102.    Compliance Certificates and Opinions.    

        Upon
any application or request by the Company to the Trustee to take any action under any provision of this Indenture, the Company shall furnish to the Trustee such certificates and
opinions as may be required under the Trust Indenture Act. Each such certificate or opinion shall be given in the form of an Officers' Certificate, if to be given by an officer of the Company, or an
Opinion of Counsel, if to be given by counsel, and shall comply with the requirements of the Trust Indenture Act and any other requirements set forth in this Indenture. 

        Every
certificate or opinion with respect to compliance with a condition or covenant provided for in this Indenture shall include 

5

 

        (1)  a
statement that each individual signing such certificate or opinion has read such covenant or condition and the definitions herein relating thereto; 

        (2)  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; 

        (3)  a
statement that, in the opinion of each such individual, he has made such examination or investigation as is necessary to enable him to express an informed opinion as
to whether or not such covenant or condition has been complied with; and 

        (4)  a
statement as to whether, in the opinion of each such individual, such condition or covenant has been complied with. 

        Section 103.    Form of Documents Delivered to Trustee.    

        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. 

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

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

        Section 104.    Acts of Holders; Record Dates.    

        Any
request, demand, authorization, direction, notice, consent, waiver or other action provided or permitted by this Indenture to be given or taken by Holders may be embodied in and
evidenced by one or more instruments of substantially similar tenor signed by such Holders in person or by agent duly appointed in writing. If, but only if, Securities of a series are issuable as
Bearer Securities, any request, demand, authorization, direction, notice, consent, waiver or other action provided by this Indenture to be given or taken by Holders of Securities of such series may,
alternatively, be embodied in and evidenced by the record of Holders of Securities of such series voting in favor thereof, either in person or by proxies duly appointed in writing, at any meeting of
Holders of Securities of such series duly called and held in accordance with the provisions of Article Fourteen, or a combination of such instruments and any such record. Except as herein otherwise
expressly provided, such action shall become effective when such instrument or instruments or record or both are delivered to the Trustee and, where it is hereby expressly required, to the Company.
Such instrument or instruments and any such record (and the action embodied therein and evidenced thereby) are herein sometimes referred to as the "Act" of the Holders signing such instrument or
instruments or so voting at any such meeting. Proof of execution of any such instrument or of a writing appointing any such agent, or of the holding by any Person of a Security, shall be sufficient
for any purpose of this Indenture and (subject to Section 601) conclusive in favor of the Trustee and the Company and any agent of the Trustee or the 

6

 

Company, if made in the manner provided in this Section. The record of any meeting of Holders of Securities shall be proved in the manner provided in Section 1406. 

        The
fact and date of the execution by any Person of any such instrument or writing may be proved by the affidavit of a witness of such execution or by a certificate of a notary public or
other officer authorized by law to take acknowledgments of deeds, certifying that the individual signing such instrument or writing acknowledged to him the execution thereof. Where such execution is
by a signer acting in a capacity other than his individual capacity, such certificate or affidavit shall also constitute sufficient proof of his authority. The fact and date of the execution of any
such instrument or writing, or the authority of the Person executing the same, may also be proved in any other manner which the Trustee deems sufficient. 

        The
ownership, principal amount and serial number of Registered Securities shall be proved by the Security Register. 

        The
ownership, principal amount and serial number of Bearer Securities held by any person may be proved by the production of such Bearer Securities or by a certificate executed, as
depositary, by any trust company, bank, banker or other depositary reasonably acceptable to the Company, wherever situated, if such certificate shall be deemed by the Trustee to be satisfactory,
showing that at the date therein mentioned such Person had on deposit with such depositary, or exhibited to it, the Bearer Securities therein described; or such facts may be proved by the certificate
or affidavit of the Person holding such Bearer Securities, if such certificate or affidavit is deemed by the Trustee-to be satisfactory. The Trustee and the Company may assume that such
ownership of any Bearer Security continues until (1) another certificate or affidavit bearing a later date issued in respect of the same Bearer Security is produced, or (2) such Bearer
Security is produced to the Trustee by some other Person, or (3) such Bearer Security is surrendered in exchange for a Registered Security, or (4) such Bearer Security is no longer
Outstanding. The ownership of Bearer Securities held by the Person so executing such instrument or writing and the date of the commencement and the date of the termination of holding the same may also
be proved in any other manner which the Trustee deems sufficient. 

        Any
request, demand, authorization, direction, notice, consent, waiver or other Act of the Holder of any Security shall bind every future Holder of the same Security and the Holder of
every Security issued upon the registration of transfer thereof or in exchange therefor or in lieu thereof in respect of anything done, omitted or suffered to be done by the Trustee or the Company in
reliance thereon, whether or not notation of such action is made upon such Security. 

        The
Company may, in the circumstances permitted by the Trust Indenture Act, set any day as the record date for the purpose of determining the Holders of Outstanding Registered Securities
of any series entitled to give or take any request, demand, authorization, direction, notice, consent, waiver or other action or permitted by this Indenture to be given or taken by Holders of
Securities of such series. With regard to any record date set pursuant to this paragraph, the Holders of Outstanding Registered
Securities of the relevant series on such record date (or their duly appointed agents), and only such Persons, shall be entitled to give or take the relevant action, whether or not such Holders remain
Holders after such record date. With regard to any action that may be given or taken hereunder only by Holders of a requisite principal amount of Outstanding Securities of any series (or their duly
appointed agents) and for which a record date is set pursuant to this paragraph, the Company may, at its option, set an expiration date after which no such action purported to be given or taken by any
Holder shall be effective hereunder unless given or taken on or prior to such expiration date by Holders of the requisite principal amount of Outstanding Registered Securities of such series on such
record date (or their duly appointed agents). On or prior to any expiration date set pursuant to this paragraph, the Company may, on one or more occasions at its option, extend such date to any later
date. Nothing in this paragraph shall prevent any Holder (or any duly appointed agent thereof) from 

7

 

giving or taking, after any expiration date, any action identical to, or, at any time, contrary to or different from, any action given or taken, or purported to have been given or taken, hereunder by
a Holder on or prior to such date, in which event the Company-may set a record date in respect thereof pursuant to this paragraph. Notwithstanding the foregoing or the Trust Indenture Act,
the Company shall not set a record date for, and the provisions of this paragraph shall not apply with respect to, any action to be given or taken by Holders pursuant to Sections 501, 502 or 512. 

        Without
limiting the foregoing, a Holder entitled hereunder to give or take any action hereunder with regard to any particular Security may do so with regard to all or any part of the
principal amount of such Security or by one or more duly appointed agents each of which may do so pursuant to such appointment with regard to all or any different part of such principal amount. 

        Section 105.    Notice, Etc., to Trustee and Company.    

        Any
request, demand, authorization, direction, notice, consent, waiver or Act of Holders or other document provided or permitted by this Indenture to be made upon, given or furnished to,
or filed with, 

        (1)  the
Trustee by any Holder or by the Company shall be sufficient for every purpose hereunder if made, given, furnished or filed in writing to or with the Trustee at its
Corporate Trust Office, or 

        (2)  the
Company by the Trustee or by any Holder shall be sufficient for every purpose hereunder (unless otherwise herein expressly provided) if in writing and mailed,
first-class postage prepaid, to the Company addressed to it to the attention of its Treasurer at the address of its principal office specified in the first paragraph of this instrument or at any other
address previously furnished in writing to the Trustee by the Company. 

        Section 106.    Notice to Holders; Waiver.    

        Except
as otherwise expressly provided in or pursuant to this Indenture, where this Indenture provides for notice to Holders of Securities of any event, 

        (1)  such
notice shall be sufficiently given to Holders of Registered Securities if in writing and mailed, first-class postage prepaid, to each Holder of a Registered
Security affected by such event, at his address as it appears in the Security Register, not later than the latest date, and not earlier than the earliest date, prescribed for the giving of such
Notice; and 

        (2)  such
notice shall be sufficiently given to Holders of Bearer Securities, if any, if published in an Authorized Newspaper in The City of New York and, if such Securities
are then listed on any stock exchange outside the United States, in an Authorized Newspaper in such city as the Company shall advise the Trustee that such stock exchange so requires-, on a Business
Day at least twice, the first such publication to be not earlier than the earliest date and not later than the latest date prescribed for the giving of such notice. 

        In
any case where notice to Holders of Registered Securities is given by mail, neither the failure to mail such notice, nor any defect in any notice so mailed, to any particular Holder
of a Registered Security shall affect the sufficiency of such notice with respect to other Holders of Registered Securities or the sufficiency of any notice to Holders of Bearer Securities given as
provided herein. Any notice which is mailed in the manner herein provided shall be conclusively presumed to have been duly given or provided. In case by reason of the suspension of regular mail
service or by reason of any other cause it shall be impracticable to give such notice by mail, then such notification as shall be made with the approval of the Trustee shall constitute a sufficient
notification for every purpose hereunder. 

        In
case by reason of the suspension of publication of any Authorized Newspaper or Authorized Newspapers or by reason of any other cause it shall be impracticable to publish any notice to
Holders 

8

 

of Bearer Securities as provided above, then such notification to Holders of Bearer Securities as shall be given with the approval of the Trustee shall constitute sufficient notice to such Holders
for every purpose hereunder. Neither the failure to give notice by publication to Holders of Bearer Securities as provided above, nor any defect in any notice so published, shall affect the
sufficiency of any notice mailed to Holders of Registered Securities as provided above. 

        Where
this Indenture 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 of Securities shall be filed with the Trustee, but such filing shall not be a condition precedent to the validity of any
action taken in reliance upon such waiver. 

        Section 107.    Conflict with Trust Indenture Act.    

        If
any provision hereof limits, qualifies or conflicts with a provision of the Trust Indenture Act that is required under such Act to be a part of and govern this Indenture, the latter
provision shall control. If any provision of this Indenture modifies or excludes any provision of the Trust Indenture Act that may be so modified or excluded, the latter provision shall be deemed to
apply to this Indenture as so modified or to be excluded, as the case may be. 

        Section 108.    Effect of Headings and Table of Contents.    

        The
Article and Section headings herein and the Table of Contents are for convenience only and shall not affect the construction hereof. 

        Section 109.    Successors and Assigns.    

        All
covenants and agreements in this Indenture by the Company shall bind its successors and assigns, whether so expressed or not. 

        Section 110.    Separability Clause.    

        In
case any provision in this Indenture, any Security or any Coupon 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 111.    Benefits of Indenture.    

        Nothing
in this Indenture, the Securities or any Coupon, express or implied, shall give to any Person (including any Paying Agent or-Authenticating Agent appointed pursuant
to Section 614), other than the parties hereto and their successors hereunder and the Holders of Securities or Coupons, any benefit or any legal or equitable right, remedy or claim under this
Indenture. 

        Section 112.    Governing Law.    

        This
Indenture, the Securities and any Coupons shall be governed by and construed in accordance with the law of the State of New York, but without regard to principles of conflicts of
laws. 

        Section 113.    Legal Holidays.    

        In
any case where any Interest Payment Date, Redemption Date, Repurchase Date or Stated Maturity of any Security shall not be a Business Day at any Place of Payment, then
(notwithstanding any other provision of this Indenture, any Security or any Coupon other than a provision of the Security or Coupon which specifically states that such provision shall apply in lieu of
this Section) payment of interest or principal (and premium, if any) 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 the Interest Payment Date, Redemption Date, Repurchase Date, 

9

 

or at the Stated Maturity, provided that no interest shall accrue for the period from and after such Interest Payment Date, Redemption Date, Repurchase Date or Stated Maturity, as the case may be. 

 
 

ARTICLE TWO    
    
    Security Forms    
  

        Section 201.    Forms Generally.    

        Each
Registered Security, Bearer Security, Coupon and Global Security issued pursuant to this Indenture shall be in substantially the form established by or pursuant to a Board
Resolution or in one or more indentures supplemental hereto, shall have such appropriate insertions, omissions, substitutions and other variations as are required or permitted by or pursuant to this
Indenture or any indenture supplemental hereto and may have such letters, numbers or other marks of identification and such legends or endorsements placed thereon as may, consistent herewith, be
determined by the officers executing such Security or Coupon as evidenced by their execution of such Security or Coupon. If the form of Securities of any series or Coupons is established by action
taken pursuant to a Board Resolution, a copy of an appropriate record of such action shall be certified by the Secretary or an Assistant Secretary of the Company and delivered to the Trustee at or
prior to the delivery of the Company Order contemplated by Section 303 for the authentication and delivery of such Securities. If all of the Securities of any series and Coupons established by
action taken pursuant to a Board Resolution are not to be issued at one time, it shall not be necessary to deliver a record of such action
at the time of issuance of each Security of such series, but an appropriate record of such action shall be delivered at or before the time of issuance of the first Security of such series. 

        Unless
otherwise provided in or pursuant to this Indenture, the Securities shall be issuable in registered form without Coupons. 

        Definitive
Securities and definitive Coupons shall be printed, lithographed or engraved or produced by an combination of these methods or may be produced in any other manner, all as
determined by the officers of the Company executing such Securities or Coupons, as evidenced by their execution of such Securities or Coupons. 

        Section 202.    Form of Legend for Global Securities.    

        Every
Global Security authenticated and delivered hereunder shall bear a legend in substantially the following form: 

        This Security is a Global Security within the meaning of the Indenture hereinafter referred to and is registered in the name of a Depositary or a nominee of a
Depositary. This Global Security is exchangeable for Securities registered in the name of a Person other than the Depositary or its nominee only in the limited circumstances described in the
Indenture, and no transfer of this Security (other than a transfer of this Security 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) may be registered except in such limited circumstances. Every Security delivered upon registration of transfer of, or in exchange for, or in lieu of, this Global
Security shall be a Global Security subject to the foregoing, except in the limited circumstances described above.

        Unless this certificate is presented by an authorized representative of The Depository Trust Company, a New York corporation ("DTC"), to the Company or its agent
for registration of transfer, exchange or payment, and any certificate issued is registered in the name of Cede & Co. or in such other name as is requested by an authorized representative of
DTC (and any payment is to be made to Cede & Co. or to such other entity as is requested by an authorized representative of DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE
BY OR TO ANY  

10

 

 PERSON IS WRONGFUL inasmuch as the registered owner hereof, Cede & Co., has an interest herein.

        Section 203.    Form of Trustee's Certificate of Authentication.    

        The
Trustee's certificates of authentication shall be in substantially the following form: 

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

	CHEMICAL TRUST COMPANY OF CALIFORNIA

As Trustee
	

 	
 	

By:	
 	

 
	 	 	 	 	

	 	 	 	 	Authorized Officer

11

 
 
 

ARTICLE THREE    
    
    The Securities    
  

        Section 301.    Amount Unlimited; Issuable in Series.    

        The
aggregate principal amount of Securities which may be authenticated and delivered under this Indenture is unlimited. 

        The
Securities may be issued in one or more series. There shall be established in or pursuant to a Board Resolution and, subject to Section 303, set forth, or determined in the
manner provided, in an Officers' Certificate, or established in one or more indentures supplemental hereto, prior to the issuance of Securities of any series, 

        (1)  the
title of the Securities of the series (which shall distinguish the Securities of the series from Securities of any other series); 

        (2)  any
limit upon the aggregate principal amount of the Securities of the series which may be authenticated and delivered under this Indenture (except for Securities
authenticated and delivered upon registration of transfer of, or in exchange for, or in lieu of, other Securities of the series pursuant to Section 304, 305, 306, 906 or 1107 and except for any
Securities which, pursuant to Section 303, are deemed never to have been authenticated and delivered hereunder); 

        (3)  the
Person to whom any interest on a Registered Security of the series shall be payable, if other than the Person in whose name that Registered Security (or one or more
Predecessor Securities) is registered at the close of business on the Regular Record Date for such interest; 

        (4)  the
date or dates on which the principal of the Securities of the series is payable; 

        (5)  the
rate or rates at which the Securities of the series shall bear interest, if any, the date or dates from which such interest shall accrue, the Interest Payment Dates
on which any such interest shall be payable and the Regular Record Date for any interest payable on any Interest Payment Date; 

        (6)  the
place or places where the principal of and any premium and interest on Securities of the series shall be payable; 

        (7)  the
period or periods within which, the price or prices at which and the terms and conditions upon which Securities of the series may be redeemed, in whole or in part,
at the option of the Company; 

        (8)  the
obligation, if any, of the Company to redeem or purchase Securities of the series pursuant to any sinking fund or analogous provisions or at the option of a Holder
thereof and the period or periods within which, the price or prices at which and the terms and conditions upon which Securities of the series shall be redeemed or purchased, in whole or in part,
pursuant to such obligation; 

        (9)  if
other than denominations of $1,000 and any integral multiple thereof, the denominations in which Securities of the series shall be issuable; 

        (10) the
currency, currencies or currency units in which payment of the principal of and any premium and interest on any Securities of the series shall be payable if other
than the currency of the United States of America and the manner of determining the equivalent thereof in the currency of the United States of America for purposes of the definition of "Outstanding"
in Section 101; 

12

 

        (11) if
the amount of payments of principal of or any premium or interest on any Securities of the series may be determined with reference to an index, the manner in which
such amounts shall be determined; 

        (12) if
the principal of or any premium or interest on any Securities of the series is to be payable, at the election of the Company or a Holder thereof, in one or more
currencies or currency units other than that or those in which the Securities are stated to be payable, the currency, currencies or currency units in which payment of the principal of and any premium
and interest on Securities of such series as to which such election is made shall be payable, and the periods within which and the terms and conditions upon which such election is to be made; 

        (13) if
other than the principal amount thereof, the portion of the principal amount of Securities of the series which shall be payable upon declaration of acceleration of
the Maturity thereof pursuant to Section 502; 

        (14) if
applicable, that the Securities of the series shall be defeasible as provided in Article Thirteen; 

        (15) if
and as applicable, that the Securities of the series shall be issuable in whole or in part in the form of one or more Global Securities and, in such case, the
Depositary or Depositaries for such Global Security or Global Securities and any circumstances other than those set forth in Section 305 in which any such Global Security may be transferred to,
and registered and exchanged for Securities registered in the name of, a Person other than the Depositary for such Global Security or a nominee thereof and in which any such transfer may be
registered; 

        (16) the
provisions, if any, relating to the conversion or exchange of the Securities of any series into Securities of another series or into any other debt or equity
securities; 

        (17) if
such Securities are to be issuable other than solely as Registered Securities (whether as Bearer Securities or alternatively as Bearer Securities or Registered
Securities), and if such Securities are to be issued as Bearer Securities, whether the Bearer Securities are to be issuable with Coupons, without Coupons or both, and any restrictions applicable to
the offer, sale or delivery of the Bearer Securities and the terms, if any, upon which Bearer Securities may be exchanged for Registered Securities and vice versa and the date as of which any such
Bearer Security shall be dated (if other than its date of authentication); 

        (18) any
deletions from, modifications of or additions to the Events of Default or covenants of the Company with respect to Securities of any series, whether or not such
Events of Default or covenants are consistent with the Events of Default or covenants set forth herein; 

        (19) the
identity of the Trustee for the Securities of the series, and the identity of each Paying Agent and Securities Registrar for the Securities of the series; and 

        (20) any
other terms of the series (which terms shall not be inconsistent with the provisions of this Indenture, except as permitted by Section 901(5)). 

        All
Securities of any one series and all Coupons, if any, appertaining to Bearer Securities of such series shall be substantially identical except as to denomination and except as may
otherwise be provided in or pursuant to the Board Resolution referred to above and (subject to Section 303) set forth, or determined in the manner provided, in the Officers' Certificate
referred to above or in any such indenture supplemental hereto. 

        If
any of the terms of the series are, established by action taken pursuant to a Board Resolution, a copy of an appropriate record of such action shall be certified by the Secretary or
an Assistant Secretary of the Company and delivered to the Trustee at or prior to the delivery of the Officers' Certificate setting forth the terms of the series. 

13

 

        Section 302.    Denominations.    

        In
the absence of any specified denomination with respect to the Securities of any series, the Securities of such series shall be issuable in denominations of $1,000 and any integral
multiple thereof. 

        Section 303.    Execution, Authentication, Delivery and Dating.    

        The
Securities shall be executed on behalf of the Company by its Chairman of the Board, its Vice Chairman of the Board, its President or one of its Vice Presidents, under its corporate
seal reproduced thereon attested by its Secretary or one of its Assistant Secretaries. Coupons shall be executed on behalf of the Company by its Treasurer or any Assistant Treasurer. The signature of
any of these officers on the Securities or any Coupon may be manual or facsimile. 

        Securities
and any Coupons appertaining thereto bearing the manual or facsimile signatures of individuals who were at any time the proper officers of the Company shall bind the Company,
notwithstanding that such individuals or any of them have ceased to hold such offices prior to the authentication and delivery of such Securities or did not hold such offices at the date of such
Securities. 

        At
any time and from time to time after the execution and delivery of this Indenture, the Company may deliver Securities of any series, together with Coupons appertaining thereto,
executed by the Company to the Trustee for authentication, together with a Company Order for the authentication and delivery of such Securities, and the Trustee in accordance with the Company Order
shall authenticate and deliver such Securities. If the form or terms of the Securities of the series and any Coupons appertaining thereto have been established in or pursuant to one or more Board
Resolutions as permitted by Sections 201 and 301, in authenticating such Securities, and accepting the additional responsibilities under this Indenture in relation to such Securities and any Coupons
appertaining thereto, the Trustee shall be entitled to receive, and (subject to Section 601) shall be fully protected in relying upon, an Opinion of Counsel stating, 

        (1)  if
the form of such Securities and Coupons, if any, have been established by or pursuant to Board Resolution as permitted by Section 201, that such form or forms
have been established in conformity with the provisions of this Indenture; 

        (2)  if
the terms of such Securities and Coupons, if any, have been established by or pursuant to Board Resolution as permitted by Section 301, that such terms have
been established in conformity with the provisions of this Indenture; and 

        (3)  that
such Securities and Coupons, if any, when authenticated and delivered by the Trustee and issued by the Company in the manner and subject to any conditions specified
in such Opinion of Counsel, will constitute valid and legally binding obligations of the Company enforceable in accordance with their terms, subject to bankruptcy, insolvency, fraudulent transfer,
reorganization, moratorium and similar laws of general applicability relating to or affecting creditors' rights and to general equity principles. 

If
such form or terms have been so established, the Trustee shall not be required to authenticate such Securities if the issue of such Securities pursuant to this Indenture will affect the Trustee's
own rights, duties or immunities under the Securities and this Indenture or otherwise in a manner which is not reasonably acceptable to the Trustee. 

        Notwithstanding
the provisions of Section 301 and of the preceding paragraph, if all Securities of a series are not to be originally issued at one time, it shall not be necessary
to deliver the Officers' Certificate otherwise required pursuant to Section 301 or the Company Order and Opinion of Counsel otherwise required pursuant to such preceding paragraph at or prior
to the time of authentication of each Security of such series if such documents are delivered at or prior to the authentication upon original issuance of the first Security of such series to be
issued. 

14

 

        Each
Registered Security shall be dated the date of its authentication. Each Bearer Security shall be dated as of the date specified pursuant to Section 301. 

        No
Security or Coupon shall be entitled to any benefit under this Indenture or be valid or obligatory for any purpose unless there appears on such Security a certificate of
authentication substantially in the form provided for herein executed by the Trustee by manual signature, and such certificate upon any Security shall be conclusive evidence, and the only evidence,
that such Security has been duly authenticated and delivered hereunder. Except as permitted by Section 306 or 307, the Trustee shall not authenticate and deliver any Bearer Security unless all
Coupons appertaining thereto then matured have been detached and cancelled. Notwithstanding the foregoing, if any Security shall have been authenticated and delivered hereunder but never issued and
sold by the Company, and the Company shall deliver such Security to the Trustee for cancellation as provided in Section 309, for all purposes of this Indenture such Security shall be deemed
never to have been authenticated and delivered hereunder and shall never be entitled to the benefits of this Indenture. 

        Section 304.    Temporary Securities.    

        Pending
the preparation of definitive Securities of any series, the Company may execute, and upon Company Order the Trustee shall authenticate and deliver, temporary Securities which are
printed, lithographed, typewritten, mimeographed or otherwise produced, in any authorized denomination, substantially of the tenor of the definitive Securities in lieu of which they are issued, in
registered form or, if authorized in or pursuant to this Indenture, in bearer form with one or more Coupons or without Coupons and with such appropriate insertions, Omissions, substitutions and other
variations as the officers executing such Securities may determine, as evidenced by their execution of such Securities. 

        Every
temporary Security shall be executed by the Company and authenticated by the Trustee and registered by the Security Registrar, upon the same conditions, and with like effect, as a
definitive Security. 

        If
temporary Securities of any series are issued, the Company will cause definitive Securities of that series to be prepared without unreasonable delay. After the preparation of
definitive Securities of such series, the temporary Securities of such series shall be exchangeable for definitive Securities of such series upon surrender of the temporary Securities of such series
at the office or agency of the Company in a Place of Payment for that series, without charge to the Holder. Upon surrender for cancellation of any one or more temporary Securities of any series
(accompanied by any unmatured Coupons appertaining thereto), the Company shall execute and the Trustee shall authenticate and deliver in exchange therefor one or more definitive Securities of the same
series, of any authorized denominations and of a like aggregate principal amount and tenor; provided, however, that no definitive Bearer Security,
except as provided in or pursuant to this Indenture, shall be delivered in exchange for a temporary Registered Security; and provided further that a
definitive Bearer Security shall be delivered in exchange for a temporary Bearer Security only in compliance with the conditions set forth in or pursuant to this Indenture. Until so exchanged the
temporary Securities of any series shall in all respects be entitled to the same benefits under this Indenture as definitive Securities of such series and tenor. 

        Section 305.    Registration, Registration of Transfer and Exchange.    

        The
Company shall cause to be kept at the Corporate Trust Office of the Trustee a register (the register 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 "Security Register") in which, subject to such reasonable regulations as it may prescribe, the Company shall provide for the
registration of Securities and of transfers of Registered Securities. The Trustee is hereby appointed "Security Registrar" for the purpose of registering Registered Securities and transfers of
Registered Securities as herein provided. 

15

 

        Upon
surrender for registration of transfer of any Registered Security of any series at the office or agency in a Place of Payment for that series, the Company shall execute, and the
Trustee shall authenticate and deliver, in the name of the designated transferee or transferees, one or more new Registered Securities of the same series, of any authorized denominations and of a like
aggregate principal amount and tenor. 

        At
the option of the Holder, Registered Securities of any series may be exchanged for other Registered Securities of the same series, of any authorized denominations and of a like
aggregate principal amount and tenor, upon surrender of the Registered Securities to be exchanged at such office or agency. Whenever any Registered Securities are so surrendered for exchange, the
Company shall execute, and
the Trustee shall authenticate and deliver, the Registered Securities which the Holder making the exchange is entitled to receive. 

        If
provided in or pursuant to this Indenture, with respect to Securities of any series, at the option of the Holder, Registered Securities of such series may be exchanged for Registered
Securities of such series containing identical terms, denominated as authorized in or pursuant to this Indenture and in the same aggregate principal amount, upon surrender of the Bearer Securities to
be exchanged at any office or agency in a Place of Payment for such series, with all unmatured Coupons and all matured Coupons in default thereto appertaining. If the Holder of a Bearer Security is
unable to produce any such unmatured Coupon or Coupons or matured Coupon or Coupons in default, such exchange may be effected if the Bearer Securities are accompanied by payment in funds acceptable to
the Company and the Trustee in an amount equal to the face amount of such missing Coupon or Coupons, or the surrender of such missing Coupon or Coupons may be waived by the Company and the Trustee if
there is furnished to them such security or indemnity as they may require to save each of them and any Paying Agent harmless. If thereafter the Holder of such Bearer Security shall surrender to any
Paying Agent any such missing Coupon in respect of which such a payment shall have been made, such Holder shall be entitled to receive the amount of such payment; provided,
however, that, except as otherwise provided in Section 1002, interest represented by Coupons shall be payable only upon presentation and surrender of those Coupons at an
office or agency in a Place of Payment for such series located outside the United States. Notwithstanding the foregoing, in case a Bearer Security is surrendered at any such office or agency in a
Place of Payment for such series in exchange for a Registered Security of such series and like tenor after the close of business at such office or agency on (i) any Regular Record Date, or
(ii) any Special Record Date and before the opening of business at such office or agency on the related date for payment of Defaulted Interest, such Bearer Security shall be surrendered without
the Coupon relating to such Interest Payment Date or proposed date of payment, as the case may be (or, if such Coupon is so surrendered with such Bearer Security, such Coupon shall be returned to the
Person so surrendering the Bearer Security), and interest or Defaulted Interest, as the case may be, shall not be payable on such Interest Payment Date or proposed date for payment, as the case may
be, in respect of the Registered Security issued in exchange for such Bearer Security, but shall be payable only to the Holder of such Coupon when due in accordance with the provisions of this
Indenture. 

        If
provided in or pursuant to this Indenture with respect to Securities of any series, at the option of the Holder, Registered Securities of such series may be exchanged for Bearer
Securities upon such terms and conditions as may be provided in or pursuant to this Indenture with respect to such series. 

        Whenever
any Securities are surrendered for exchange as contemplated by the immediately preceding two paragraphs, the Company shall execute, and the Trustee shall authenticate and
deliver, the Securities which the Holder making the exchange is entitled to receive. 

        All
Securities issued upon any registration of transfer or exchange of Securities shall be the valid obligations of the Company, evidencing the same debt, and entitled to the same
benefits under this Indenture, as the Securities surrendered upon such registration of transfer or exchange. 

16

 

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

        No
service charge shall be made for any registration of transfer or exchange of Securities, but the Company may require payment of a sum sufficient to cover any tax or other governmental
charge that may be imposed in connection with any registration of transfer or exchange of Securities, other than exchanges pursuant to Section 304, 906 or 1107 not involving any transfer. 

        The
Company shall not be required (1) to issue, register the transfer of or exchange Securities of any series during a period beginning at the opening of business 15 days
before the day of the mailing of a notice of redemption of Securities of that series selected for redemption under Section 1103 and ending at the close of business on the day of such mailing,
or (2) to register the transfer or exchange of any Registered Security so selected for redemption in whole or in part, except the unredeemed portion of any Security being redeemed in part or
(3) to exchange any Bearer Security so selected for redemption except, to the extent provided with respect to such Bearer Security, that such Bearer Security may be exchanged for a Registered
Security of like tenor and the same series, provided that such Registered Security shall be immediately surrendered for redemption with written instructions for payment consistent with the provisions
of this Indenture. 

        Notwithstanding
any other provision in this Indenture, no Global Security may be transferred to, or registered or exchanged for Securities registered in the name of, any Person other
than the Depositary for such Global Security or any nominee thereof, and no such transfer may be registered, unless (1) such Depositary (A) notifies the Company that it is unwilling or
unable to continue as Depositary for such Global Security or (B) ceases to be a clearing agency registered under the Exchange Act, (2) the Company executes and delivers to the Trustee a
Company Order that such Global Security shall be so transferable, registrable and exchangeable, and such transfers shall be registrable, (3) there shall have occurred and be continuing an Event
of Default with respect to the Securities evidenced by such Global Security or (4) there shall exist such other circumstances, if any, as have been specified for this purpose as contemplated by
Section 301. Notwithstanding any other provision in this Indenture, a Global Security to which the restriction set forth in the preceding sentence shall have ceased to apply may be transferred
only to, and may be registered and exchanged for Securities registered only in the name or names of, such Person or Persons as the Depositary for such Global Security shall have directed and no
transfer thereof other than such a transfer may be registered. 

        Every
Security authenticated and delivered upon registration of transfer of, or in exchange for or in lieu of, a Global Security to which the restriction set forth in the first sentence
of the preceding paragraph shall apply, whether pursuant to this Section, Section 304, 306, 906 or 1107 or otherwise, shall be authenticated, registered and delivered in the form of, and shall
be, a Global Security. 

        Section 306.    Mutilated, Destroyed, Lost and Stolen Securities.    

        If
any mutilated Security or a Security with a mutilated Coupon appertaining to it is surrendered to the Trustee, the Company shall execute and the Trustee shall authenticate and deliver
in exchange therefor a new Security of the same series and of like tenor and principal amount and bearing a number not contemporaneously outstanding, with Coupons appertaining thereto corresponding to
the Coupons, if any, appertaining to the surrendered Security. 

        If
there shall be delivered to the Company and the Trustee (i) evidence to their satisfaction of the destruction, loss or theft of any Security or Coupon and (ii) such
security or indemnity as may be required by them to save each of them and any agent of either of them harmless, then, in the absence of notice to the Company or the Trustee that such Security or
Coupon has been acquired by a bona 

17

 

fide purchaser, the Company shall execute and the Trustee shall authenticate and deliver, in lieu of any such destroyed, lost or stolen Security or in exchange for the Security to which a destroyed,
lost or stolen Coupon appertains with all appurtenant Coupons not destroyed, lost or stolen, a new Security of the same series and of like tenor and principal amount and bearing a number not
contemporaneously outstanding, with Coupons corresponding to the Coupons, if any, appertaining to such destroyed, lost or stolen Security or to the Security to which such destroyed, lost or stolen
Coupon appertains. 

        In
case any such mutilated, destroyed, lost or stolen Security or Coupon has become or is about to become due and payable, the Company in its discretion may, instead of issuing a new
Security, pay such Security or Coupon. 

        Upon
the issuance of any new Security 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
relation thereto and any other expenses (including the fees and expenses of the Trustee) connected therewith. 

        Every
new Security of any series, with any Coupons appertaining thereto, issued pursuant to this Section in lieu of any mutilated, destroyed, lost or stolen Security, or in exchange for
a Security to which a destroyed, lost or stolen Coupon appertains, shall constitute an original additional contractual obligation of the Company, whether or not the mutilated, destroyed, lost or
stolen Security or Coupon shall be at any time enforceable by anyone, and shall be entitled to all the benefits of this Indenture equally and proportionately with any and all other Securities of that
series and any Coupons duly issued hereunder. 

        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 Securities or Coupons. 

        Section 307.    Payment of Interest; Interest Rights Preserved.    

        Except
as otherwise provided as contemplated by Section 301 with respect to any series of Securities, interest on any Registered Security which is payable, and is punctually paid
or duly provided for, on any Interest Payment Date shall be paid to the Person in whose name that Registered Security (or one or more Predecessor Securities) is registered at the close of business on
the Regular Record Date for such interest. Except as otherwise provided as contemplated by Section 301 with respect to any series of Securities, in case a Bearer Security is surrendered in
exchange for a Registered Security after the close of business (at an office or agency at a Place of Payment for such Security) on any Regular Record Date therefor and before the opening of business
(at such office or agency) on the next succeeding Interest Payment Date therefor, such Bearer Security shall be surrendered without the Coupon relating to such Interest Payment Date and interest shall
not be payable on such Interest Payment Date in respect of the Registered Security issued in exchange for such Bearer Security, but shall be payable only to the Holder of such Coupon when due in
accordance with the provisions of this Indenture. 

        Any
interest on any Registered Security of any series which is payable, but is not punctually paid or duly provided for, on any Interest Payment Date (herein called "Defaulted Interest")
shall forthwith cease to be payable to the Holder on the relevant Regular Record Date by virtue of having been such Holder, and such Defaulted Interest may be paid by the Company, at its election in
each case, as provided in Clause (1) or (2) below: 

        (1)  The
Company may elect to make payment of any Defaulted Interest to the Persons in whose names the Registered Securities of such series (or their respective Predecessor
Securities) are registered at the close of business on a Special Record Date for the payment of such Defaulted Interest, which shall be fixed in the following manner. The Company shall notify the
Trustee in writing of the amount of Defaulted Interest proposed to be paid on each Registered Security of such series and the date of the proposed payment, and at the same time the Company 

18

 

shall deposit with the Trustee an amount of money equal to the aggregate amount proposed to be paid in respect of such Defaulted Interest or shall make arrangements satisfactory to the Trustee for
such deposit prior to the date of the proposed payment, such money when deposited to be held in trust for the benefit of the Persons entitled to such Defaulted Interest as in this Clause provided.
Thereupon the Trustee shall fix a Special Record Date for the payment of such Defaulted Interest which shall be not more than 15 days and not less than 10 days prior to the date of the
proposed payment and not less than 10 days after the receipt by the Trustee of the notice of the proposed payment. The Trustee shall promptly notify the Company of such Special Record Date and,
in the name and at the expense of the Company, shall cause notice of the proposed payment of such Defaulted Interest and the Special Record Date therefor to be mailed, first-class postage prepaid, to
each Holder of Registered Securities of such series at his address as it appears in the Security Register, not less than 10 days prior to such Special Record Date. Notice of the proposed
payment of such Defaulted Interest and the Special Record Date therefor having been so mailed, such Defaulted Interest shall be paid to the Persons in whose names the Registered Securities of such
series (or their respective Predecessor Securities) are registered at the close of business on such Special Record Date and shall no longer be payable pursuant to the following Clause (2). In
case a Bearer Security is surrendered at the office or agency at a Place of Payment for such Security in exchange for a Registered Security after the close of business at such office or agency on any
Special Record Date and before the opening of business at such office
or agency on the related proposed date for payment of Defaulted Interest, such Bearer Security shall be surrendered without the Coupon relating to such proposed date of payment and Defaulted Interest
shall not be payable on such proposed date of payment in respect of the Registered Security issued in exchange for such Bearer Security, but shall be payable only to the Holder of such Coupon when due
in accordance with the provisions of this Indenture. 

        (2)  The
Company may make payment of any Defaulted Interest on the Securities of any series in any other lawful manner not inconsistent with the requirements of any
securities exchange on which such Securities may be listed, and upon such notice as may be required by such exchange, if, after notice is given by the Company to the Trustee of the proposed payment
pursuant to this Clause, such manner of payment shall be deemed practicable by the Trustee. 

        Subject
to the foregoing provisions of this Section, each Security delivered under this Indenture upon registration of transfer of or in exchange for or in lieu of any other Security
shall carry the rights to interest accrued and unpaid, and to accrue, which were carried by such other Security. 

        Section 308.    Persons Deemed Owners.    

        Prior
to due presentment of a Registered Security for registration of transfer, the Company, the Trustee and any agent of the Company or the Trustee may treat the Person in whose name
such Registered Security is registered as the owner of such Security for the purpose of receiving payment of principal of and any premium and (except as contemplated by Section 301(3) and
subject to Section 307) any interest on such Security and for all other purposes whatsoever, whether or not such Security be overdue, and neither the Company, the Trustee nor any agent of the
Company or the Trustee shall be affected by notice to the contrary. 

        The
Company, the Trustee and any agent of the Company or the Trustee may treat the bearer of any Bearer Security or the bearer of any Coupon as the absolute owner of such Security or
Coupon for the purpose of receiving payment thereof or on account thereof and for all other purposes whatsoever, whether or not any payment with respect to such Security or Coupon shall be overdue,
and neither the Company, nor the Trustee or any agent of the Company or the Trustee shall be affected by notice to the contrary. 

        None
of the Company, the Trustee, any Paying Agent or the Security Registrar will have any responsibility or liability for any aspect of the records relating to or payments made on
account of 

19

 

beneficial ownership interests of a Global Security or for maintaining, supervising or reviewing any records relating to such beneficial ownership interests. 

        Section 309.    Cancellation.    

        All
Securities and Coupons surrendered for payment, redemption, registration of transfer or exchange or for credit against any sinking fund payment shall, if surrendered to any Person
other than the Trustee, be delivered to the Trustee and shall be promptly cancelled by it. The Company may at any time deliver to the Trustee for cancellation any Securities previously authenticated
and delivered hereunder which the Company may have acquired in any manner whatsoever, and may deliver to the Trustee (or to any other Person for delivery to the Trustee) for cancellation any
Securities previously authenticated hereunder which the Company has not issued and sold, and all Securities so delivered shall be promptly cancelled by the Trustee. No Securities shall be
authenticated in lieu of or in exchange for any Securities cancelled as provided in this Section, except as expressly permitted by this Indenture. All cancelled Securities and Coupons held by the
Trustee shall be disposed of as directed by a Company Order. 

        Section 310.    Computation of Interest.    

        Except
as otherwise specified as contemplated by Section 301 for Securities of any series, interest on the Securities of each series shall be computed on the basis of a
360-day year of twelve 30-day months. 

 
 

ARTICLE FOUR    
    
    Satisfaction and Discharge    
  

        Section 401.    Satisfaction and Discharge of Indenture.    

        This
Indenture shall upon Company Request cease to be of further effect (except as to any surviving rights of registration of transfer or exchange of Securities herein expressly provided
for), and the Trustee, at the expense of the Company, shall execute proper instruments acknowledging satisfaction and discharge of this Indenture, when 

        (1)  either

        (A)  all
Securities theretofore authenticated and delivered (other than (i) Coupons appertaining to Bearer Securities surrendered in exchange for Registered Securities
of such series and maturing after such exchange whose surrender is not required or has been waived as provided in Section 305, (ii) Securities or Coupons which have been destroyed, lost
or stolen and which have been replaced or paid as provided in Section 306, (iii) Coupons appertaining to Securities called for redemption and maturing after the relevant Redemption Date
whose surrender has been waived as provided in this Indenture, and (iv) Securities for whose payment money has theretofore been deposited in trust or segregated and held in trust by the Company
and thereafter repaid to the Company or discharged from such trust, as provided in Section 1003) have been delivered to the Trustee for cancellation; or 

        (B)  all
such Securities and, in the case of (i) and (ii) below, any Coupons appertaining thereto not theretofore delivered to the Trustee for cancellation 

          (i)  have
become due and payable, or 

        (ii)  will
become due and payable at their Stated Maturity within one year, or 

        (iii)  are
to be called for redemption within one year under arrangements satisfactory to the Trustee for the giving of notice of redemption by the Trustee in the name, and
at the expense, of the Company, 

20

 

and
the Company, in the case of (i), (ii) or (iii) above, has deposited or caused to be deposited with the Trustee as trust funds in trust for the purpose an amount sufficient to pay and
discharge the entire indebtedness on such Securities and any Coupons appertaining thereto not theretofore delivered to the Trustee for cancellation, for principal and any premium and interest to the
date of such deposit (in the case of Securities which have become due and payable) or to the Stated Maturity or Redemption Date, as the case may be; 

        (2)  the
Company has paid or caused to be paid all other sums payable hereunder by the Company; and 

        (3)  the
Company has delivered to the Trustee an Officers' Certificate and an Opinion of Counsel, each stating that all conditions precedent herein provided for relating to
the satisfaction and discharge of this Indenture have been complied with. 

        Notwithstanding
the satisfaction and discharge of this Indenture, the obligations of the Company to the Trustee under Section 607, the obligations of the Trustee to any
Authenticating Agent under Section 614 and, if money shall have been deposited with the Trustee pursuant to subclause (B) of Clause (1) of this Section, the obligations of the
Trustee under Section 402 and the last paragraph of Section 1003 shall survive. 

        Section 402.    Application of Trust Money.    

        Subject
to provisions of the last paragraph of Section 1003, all money deposited with the Trustee pursuant to Section 401 shall be held in trust and applied by it, in
accordance with the provisions of the Securities and this Indenture, to the payment, either directly or through any Paying Agent (including the Company acting as its own Paying Agent) as the Trustee
may determine, to the Persons entitled thereto, of the principal and any premium and interest for whose payment such money has been deposited with the Trustee. 

21

  

 
 

ARTICLE FIVE    
    
    Remedies    
  

        Section 501.    Events of Default.    

        "Event
of Default", wherever used herein with respect to Securities of any series, means any one of the following events (whatever the reason for such Event of Default and whether it
shall be occasioned by the provisions of Article Fourteen or be voluntary or involuntary or be effected by operation of law or pursuant to any judgment, decree or order of any court or any order, rule
or regulation of any administrative or governmental body): 

        (1)  default
in the payment of any interest upon any Security of that series when it becomes due and payable, and continuance of such default for a period of 30 days;
or 

        (2)  default
in the payment of the principal of (or premium, if any, on) any Security of that series at its Maturity; or 

        (3)  default
in the payment of any sinking fund payment, when and as due by the terms of a Security of that series; or 

        (4)  default
in the performance, or breach, of any covenant or warranty of the Company in this Indenture (other than a covenant or warranty a default in whose performance or
whose breach is elsewhere in this Section specifically dealt with or which has expressly been included in this Indenture solely for the benefit of series of Securities other than that series), and
continuance of such default or breach for a period of 60 days after there has been given, by registered or certified mail, to the Company by the Trustee or to the Company and the Trustee by the
Holders of at least 25% in
principal amount of the Outstanding Securities of that series a written notice specifying such default or breach and requiring it to be remedied and stating that such notice is a "Notice of
Default" hereunder; or 

        (5)  a
default under any bond, debenture, note or other evidence of indebtedness for money borrowed by the Company or any Restricted Subsidiary (including a default with
respect to Securities of any series other than that series) in an individual principal amount outstanding of at least $25,000,000 or under any mortgage, indenture or instrument under which there may
be issued or by which there may be secured or evidenced any indebtedness for money borrowed by the Company or any Restricted Subsidiary (including this Indenture) in an individual principal amount
outstanding of at least $25,000,000, whether such indebtedness now exists or shall hereafter be created, which default shall have resulted in such indebtedness becoming or being declared due and
payable prior to the date on which it would otherwise have become due and payable, without such acceleration having teen rescinded or annulled, within a period of 10 business days after there shall
have been given, by registered or certified mail, to the Company by the Trustee or to the Company and the Trustee by the Holders of at least 25% in principal amount of the Outstanding Securities of
that series a written notice specifying such default and requiring the Company to cause such acceleration to be rescinded or annulled and stating that such notice is a "Notice of Default"
hereunder; provided, however, that, subject to the provisions of Sections 601 and 602, the Trustee shall not be deemed to have knowledge of such default
unless either (A) a Responsible Officer of the Trustee shall have actual knowledge of such default or (B) the Trustee shall have received written notice thereof from the Company, from
any Holder, from the holder of any such indebtedness or from the trustee under any such mortgage, indenture or other instrument; or 

        (6)  the
entry by a court having jurisdiction in the premises of (A) a decree or order for relief in respect of the Company in an involuntary case or proceeding under
any applicable Federal or State bankruptcy, insolvency, reorganization or other similar law or (B) a decree or order adjudging the Company a bankrupt or insolvent, or approving as properly
filed a petition seeking 

22

 

reorganization, arrangement, adjustment or composition of or in respect of the Company under any applicable Federal or State law, or appointing a custodian, receiver, liquidator, assignee, trustee,
sequestrator or other similar official of the Company or of any substantial part of its property, or ordering the winding up or liquidation of its affairs, and the continuance of any such decree or
order for relief or any such other decree or order unstayed and in effect for a period of 60 consecutive days; or 

        (7)  the
commencement by the Company of a voluntary case or proceeding under any applicable Federal or State bankruptcy, insolvency, reorganization or other similar law or of
any other case or proceeding to be adjudicated a bankrupt or insolvent, or the consent by it to the entry of a decree or order for relief in respect of the Company in an involuntary case or proceeding
under any applicable Federal or State bankruptcy, insolvency, reorganization or other similar law or to the commencement of any bankruptcy or insolvency case or proceeding against it, or the filing by
it of a petition or answer or consent seeking reorganization or relief under any applicable Federal or State law, or the consent by it to the filing of such petition or to the appointment of or taking
possession by a custodian, receiver, liquidator, assignee, trustee, sequestrator or other similar official of the Company or of any substantial part of its property, or the making by it of an
assignment for the benefit of creditors, or the admission
by it in writing of its inability to pay its debts generally as they become due, or the taking of corporate action by the Company in furtherance of any such action; or 

        (8)  any
other Event of Default provided with respect to Securities of that series. 

        Upon
receipt by the Trustee of any Notice of Default pursuant to this Section 501 with respect to Securities of any series, a record date shall automatically and without any other
action by any Person be set for the purpose of determining the Holders of Outstanding Securities of such series entitled to join in such Notice of Default, which record date shall be the close of
business on the day the Trustee receives such Notice of Default. The Holders of Outstanding Securities of such series on such record date (or their duly appointed agents), and only such Persons, shall
be entitled to join in such Notice of Default, whether or not such Holders remain Holders after such record date; provided that, unless such Notice of Default shall have become effective by virtue of
Holders of the requisite principal amount of Outstanding Securities of such series on such record date (or their duly appointed agents) having joined therein on or prior to the 90th day after such
record date, such Notice of Default shall automatically and without any action by any Person be cancelled and of no further effect. Nothing in this paragraph shall prevent a Holder (or a duly
appointed agent thereof) from giving, before or after the expiration of such 90-day period, a Notice of Default contrary to or different from, or, after the expiration of such period,
identical to, a Notice of Default that has been cancelled pursuant to the proviso to the preceding sentence, in which event a new record date in respect thereof shall be set pursuant to this
paragraph. 

        Section 502.    Acceleration of Maturity; Rescission and Annulment.    

        If
an Event of Default with respect to Securities of any series at the time Outstanding occurs and is continuing, then in every such case the Trustee or the Holders of not less than 25%
in principal amount of the Outstanding Securities of that series may declare the principal amount (or, if any of the Securities of that series are Original Issue Discount Securities, such portion of
the principal amount of such Securities as may be specified in the terms thereof) of all of the Securities of that series to be due and payable immediately, by a notice in writing to the Company (and
to the Trustee if given by Holders), and upon any such declaration such principal amount (or specified amount) shall become immediately due and payable. 

        At
any time after such a declaration of acceleration with respect to Securities of any series has been made and before a judgment or decree for payment of the money due has been obtained
by the Trustee as hereinafter in this Article provided, the Holders of a majority in principal amount of the 

23

 

Outstanding Securities of that series, by written notice to the Company and the Trustee, may rescind and annul such declaration and its consequences if 

        (1)  the
Company has paid or deposited with the Trustee a sum sufficient to pay 

        (A)  all
overdue interest on all Securities of that series and any Coupons appertaining thereto, 

        (B)  the
principal of (and premium, if any, on) any Securities of that series which have become due otherwise than by such declaration of acceleration and any interest
thereon at the rate or rates prescribed therefor in such Securities, 

        (C)  to
the extent that payment of such interest is lawful, interest upon overdue interest at the rate or rates prescribed therefor in such Securities, and 

        (D)  all
sums paid or advanced by the Trustee hereunder and the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and counsel; 

        and 

        (2)  all
Events of Default with respect to Securities of that series, other than the non-payment of the principal of Securities of that series which have become
due solely by such declaration of acceleration, have been cured or waived as provided in Section 513. 

No
such rescission shall affect any subsequent default or impair any right consequent thereon. 

        Upon
receipt by the Trustee of any declaration of acceleration, or any rescission and annulment of any such declaration, pursuant to this Section 502 with respect to Securities of
any series, a record date shall automatically and without any other action by any Person be set for the purpose of determining the Holders of Outstanding Securities of such series entitled to join in
such declaration, or rescission and annulment, as the case may be, which record date shall be the close of business on the day the Trustee receives such declaration, or rescission and annulment, as
the case may be. The Holders of Outstanding Securities of such series on such record date (or their duly appointed agents), and only such Persons, shall be entitled to join in such declaration, or
rescission and annulment, as the case may be, whether or not such Holders remain Holders after such record date; provided that, unless such declaration, or rescission an annulment, as the case may be,
shall have become effective by virtue of Holders of the requisite principal amount of Outstanding Securities of such series on such record date (or their duly appointed agents) having joined therein
on or prior to the 90th day after such record date, such declaration, or rescission and annulment, as the case may be, shall automatically and without any action by any Person be cancelled and of no
further effect. Nothing in this paragraph shall prevent a Holder (or a duly appointed agent thereof) from giving, before or after the expiration of such 90-day period, a declaration of
acceleration, or a rescission and annulment of any such declaration, contrary to or
different from, or, after the expiration of such period, identical to, a declaration, or rescission and annulment, as the case may be, that has been cancelled pursuant to the proviso to the preceding
sentence, in which event a new record date in respect thereof shall be set pursuant to this paragraph. 

        Section 503.    Collection of Indebtedness and Suits for Enforcement by Trustee.    

        The
Company covenants that if 

        (1)  default
is made in the payment of any interest on any Security or any Coupon appertaining thereto when such interest becomes due and payable and such default continues
for a period of 30 days, or 

        (2)  default
is made in the payment of the principal of (or premium, if any, on) any Security at the Maturity thereof, 

24

 

the
Company will, upon demand of the Trustee, pay to it, for the benefit of the Holders of such Securities and any Coupons appertaining thereto, the whole amount then due and payable on such
Securities and any Coupons appertaining thereto for principal and any premium and interest and, to the extent that payment of such interest shall be legally enforceable, interest on any overdue
principal and premium and on any overdue interest, at the rate or rates prescribed therefor in such Securities, and, in addition thereto, such further amount as shall be sufficient to cover the costs
and expenses of collection, including the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and counsel. 

        If
an Event of Default with respect to Securities of any series occurs and is continuing, the Trustee may in its discretion proceed to protect and enforce its rights and the rights of
the Holders of Securities of such series and any Coupons appertaining thereto by such appropriate judicial proceedings as the Trustee shall deem most effectual to protect and enforce any such rights,
whether for the specific enforcement of any covenant or agreement in this Indenture or in aid of the exercise of any power granted herein, or to enforce any other proper remedy. 

        Section 504.    Trustee May File Proofs of Claim.    

        In
case of any judicial proceeding relative to the Company (or any other obligor upon the Securities or any Coupons appertaining thereto), its property or its creditors, the Trustee
shall be entitled and
empowered, by intervention in such proceeding or otherwise, to take any and all actions authorized under the Trust Indenture Act in order to have claims of the Holders and the Trustee allowed in any
such proceeding. In particular, the Trustee shall be authorized to collect and receive any moneys or other property payable or deliverable on any such claims and to distribute the same; and any
custodian, receiver, assignee, trustee, liquidator, sequestrator or other similar official in any such judicial proceeding is hereby authorized by each Holder to make such payments to the Trustee and,
in the event that the Trustee shall consent to the making of such payments directly to the Holders, to pay to the Trustee any amount due it for the reasonable compensation, expenses, disbursements and
advances of the Trustee, its agents and counsel, and any other amounts due the Trustee under Section 607. 

        No
provision of this Indenture shall be deemed to authorize the Trustee to authorize or consent to or accept or adopt on behalf of any Holder any plan of reorganization, arrangement,
adjustment or composition affecting the Securities or any Coupon or the rights of any Holder thereof or to authorize the Trustee to vote in respect of the claim of any Holder in any such proceeding;  provided, however,
 that the Trustee may, on behalf of the Holders, vote for the election of a trustee in bankruptcy or similar official and be a member
of a creditors' or other similar committee. 

        Section 505.    Trustee May Enforce Claims Without Possession of Securities.    

        All
rights of action and claims under this Indenture or the Securities or Coupons may be prosecuted and enforced by the Trustee without the possession of any of the Securities or Coupons
or the production thereof in any proceeding relating thereto, and any such proceeding instituted by the Trustee shall be brought in its own name as trustee of an express trust, and any recovery of
judgment shall, after provision for the payment of the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and counsel, be for the ratable benefit of the Holders
of the Securities or Coupons in respect of which such judgment has been recovered. 

        Section 506.    Application of Money Collected.    

        Any
money collected by the Trustee pursuant to this Article shall be applied in the following order, at the date or dates fixed by the Trustee and, in case of the distribution of 

25

 

        such
money on account of principal or any premium or interest, upon presentation of the Securities or Coupons, on both, as the case may be, and the notation thereon of the payment if
only partially paid and upon surrender thereof if fully paid: 

        FIRST:
To the payment of all amounts due the Trustee under Section 607; and 

        SECOND:
To the payment of the amounts then due and unpaid for principal of and any premium and interest on the Securities and any Coupon in respect of which or for the benefit of which
such money has been collected, ratably, without preference or priority of any kind, according to the amounts due and payable on such Securities and Coupons for principal and any premium and interest,
respectively. 

        Section 507.    Limitation on Suits.    

        No
Holder of any Security of any series or any Coupons appertaining thereto shall have any right to institute any proceeding, judicial or otherwise, with respect to this Indenture, or
for the appointment of a receiver or trustee, or for any other remedy hereunder, unless 

        (1)  such
Holder has previously given written notice to the Trustee of a continuing Event of Default with respect to the Securities of that series; 

        (2)  the
Holders of not less than 25% in principal amount of the Outstanding Securities of that series shall have made written request to the Trustee to institute proceedings
in respect of such Event of Default in its own name as Trustee hereunder; 

        (3)  such
Holder or Holders have offered to the Trustee reasonable indemnity against the costs, expenses and liabilities to be incurred in compliance with such request in
such amount as shall be reasonably acceptable to the Trustee; 

        (4)  the
Trustee for 60 days after its receipt of such notice, request and offer of indemnity has failed to institute any such proceeding; and 

        (5)  no
direction inconsistent with such written request has been given to the Trustee during such 60-day period by the Holders of a majority in principal amount
of the Outstanding Securities of that series; 

it
being understood and intended that no one or more of such Holders shall have any right in any manner whatever by virtue of or by availing of, any provision of this Indenture to affect, disturb or
prejudice the rights of any other of such Holders, or to obtain or to seek to obtain priority or preference over any other of such Holders or to enforce any right under this Indenture, except in the
manner herein provided and for the equal and ratable benefit of all of such Holders. 

        Section 508.    Unconditional Right of Holders to Receive Principal, Premium and
Interest.    

        Notwithstanding
any other provision in this Indenture, the Holder of any Security or Coupon shall have the right, which is absolute and unconditional, to receive payment of the principal
of and any premium and (except as contemplated by Section 301(3) and subject to Section 307) interest on such Security or payment of such Coupon, as the case may be, on the respective
Stated Maturities expressed in such Security or Coupon (or, in the case of redemption, on the Redemption Date) and to institute suit for the enforcement of any such payment, and such rights shall not
be impaired without the consent of such Holder. 

        Section 509.    Restoration of Rights and Remedies.    

        If
the Trustee or any Holder has instituted any proceeding to enforce any right or remedy under this Indenture and such proceeding has been discontinued or abandoned for any reason, or
has been determined adversely to the Trustee or to such Holder, then and in every such case, subject to any determination in such proceeding, the Company, the Trustee and the Holders shall be restored 

26

 

severally and respectively to their former positions hereunder and thereafter all rights and remedies of the Trustee and the Holders shall continue as though no such proceeding had been instituted. 

        Section 510.    Rights and Remedies Cumulative.    

        Except
as otherwise provided with respect to the replacement or payment of mutilated, destroyed, lost or stolen Securities or Coupons in the last paragraph of Section 306, no
right or remedy herein conferred upon or reserved to the Trustee or to the Holders is intended to be exclusive of any other right or remedy, and every right and remedy shall, to the extent permitted
by law, be cumulative and in addition to every other right and remedy given hereunder or now or hereafter existing at law or in equity or otherwise. The assertion or employment of any right or remedy
hereunder, or otherwise, shall not prevent the concurrent assertion or employment of any other appropriate right or remedy. 

        Section 511.    Delay or Omission Not Waiver.    

        No
delay or omission of the Trustee or of any Holder of any Securities or Coupons to exercise any right or remedy accruing upon any Event of Default shall impair any such right or remedy
or constitute a waiver of any such Event of Default or an acquiescence therein. Every right and remedy given by this
Article or by law to the Trustee or to the Holders may be exercised from time to time, and as often as may be deemed expedient, by the Trustee or by the Holders, as the case may be. 

        Section 512.    Control by Holders.    

        The
Holders of a majority in principal amount of the Outstanding Securities of any series shall have the right to direct the time, method and place of conducting any proceeding for any
remedy available to the Trustee, or exercising any trust or power conferred on the Trustee, with respect to the Securities of such series, provided that 

        (l)    such
direction shall not be in conflict with any rule of law or with this Indenture, and 

        (2)  the
Trustee may take any other action deemed proper by the Trustee which is not inconsistent with such direction. 

        Upon
receipt by the Trustee of any such direction with respect to Securities of any series, a record date shall automatically and without any other action by any Person be set for
determining the Holders of Outstanding Securities of such series entitled to join in such direction, which record date shall be the close of business on the day the Trustee receives such direction.
The Holders of Outstanding Securities of such series on such record date (or their duly appointed agents), and only such Persons, shall be entitled to join in such direction, whether or not such
Holders remain Holders after such record date; provided that, unless such direction shall have become effective by virtue of Holders of the requisite principal amount of Outstanding Securities of such
series on such record date (or their duly appointed agents having joined therein on or prior to the 90th day after such record date, such direction shall automatically and without any action by any
Person be cancelled and of no further effect. Nothing in this paragraph shall prevent a Holder (or a duly appointed agent thereof) from giving, before or after the expiration of such
90-day period, a direction contrary to or different from, or, after the expiration of such period, identical to, a direction that has been cancelled pursuant to the proviso to the
preceding sentence, in which event a new record date in respect thereof shall be set pursuant to this paragraph. 

        Section 513.    Waiver of Past Defaults.    

        The
Holders of not less than a majority in principal amount of the Outstanding Securities of any series may on behalf of the Holders of all the Securities of such series waive any past
default hereunder with respect to such series and its consequences, except a default 

        (1)  in
the payment of the principal of or any premium or interest on any Security of such series or any Coupons appertaining thereto, or 

27

 

        (2)  in
respect of a covenant or provision hereof which under Article Nine cannot be modified or amended without the consent of the Holder of each Outstanding Security of
such series affected. 

        Upon
any such waiver, such default shall cease to exist, and any Event of Default arising therefrom shall be deemed to have been cured, for every purpose of this Indenture; but no such
waiver shall extend to any subsequent or other default or impair any right consequent thereon. 

        Section 514.    Undertaking for Costs.    

        In
any suit for the enforcement of any right or remedy under this Indenture, or in any suit against the Trustee for any action taken, suffered or omitted by it as Trustee, a court may
require any party litigant in such suit to file an undertaking to pay the costs of such suit, and may assess costs against any such party litigant, in the manner and to the extent provided in the
Trust Indenture Act; provided that neither this Section nor the Trust Indenture Act shall be deemed to authorize any court to require such an undertaking or to make such an assessment in any suit
instituted by the Company. 

        Section 515.    Waiver of Usury, Stay or Extension Laws.    

        The
Company covenants (to the extent that it may lawfully do so) that it will not at any time insist upon, or plead, or in any manner whatsoever claim or take the benefit or advantage
of, any usury, stay or extension law wherever enacted, now or at any time hereafter in force, which may affect the covenants or the performance of this Indenture; and the Company (to the extent that
it may lawfully do so) hereby expressly waives all benefit or advantage of any such law and covenants that it will not hinder, delay or impede the execution of any power herein granted to the Trustee,
but will suffer and permit the execution of every such power as though no such law had been enacted. 

 
 

ARTICLE SIX    
    
    The Trustee    
  

        Section 601.    Certain Duties and Responsibilities.    

        The
duties, responsibilities, rights, immunities and protection of the Trustee shall be as provided by the Trust Indenture Act. Prior to any Event of Default the Trustee shall not be
liable except for the performance of such duties as are specifically set out herein and in the Trust Indenture Act. Notwithstanding the foregoing, no provision of this Indenture shall require the
Trustee to expend or risk its own funds or otherwise incur any financial liability in the performance of any of its duties hereunder, or in the exercise of any of its rights or powers, if it shall
have reasonable grounds for believing that repayment of such funds or adequate indemnity against such risk or liability is not reasonably assured to it. Whether or not therein expressly so provided,
every provision of this Indenture relating to the conduct or affecting the liability of or affording protection to the Trustee shall be subject to the provisions of this Section. 

        Section 602.    Notice of Defaults.    

        The
Trustee shall give notice of any default known to the Trustee with respect to the Securities of any series when, as and to the extent provided by the Trust Indenture Act and in the
manner provided by Section 106 hereof; provided, however, that in the case of any default of the character specified in Section 501(4)
with respect to Securities of such series, no such notice to Holders shall be given until at least 30 days after the default is known to the Trustee. For the purpose of this Section, the term
"default" means any event which is, or after notice or lapse of time or both would become, an Event of Default with respect to Securities of such series. 

        Section 603.    Certain Rights of Trustee.    

        Subject
to the provisions of Section 601: 

28

 

        (1)  the
Trustee may rely and shall be protected in acting or refraining from acting upon any resolution, certificate, statement, instrument, opinion, report, notice,
request, direction, consent, order, bond, debenture, note, other evidence of indebtedness or other paper or document believed by it to be genuine and to have been signed or presented by the proper
party or parties; 

        (2)  any
request or direction of the Company mentioned herein shall be sufficiently evidenced by a Company Request or Company Order and any resolution of the Board of
Directors shall be sufficiently evidenced by a Board Resolution; 

        (3)  whenever
in the administration of this Indenture the Trustee shall deem it desirable that a matter be proved or established prior to taking, suffering or omitting any
action hereunder, the Trustee (unless other evidence be herein specifically prescribed) may, in the absence of bad faith on its part, rely upon an Officers' Certificate; 

        (4)  the
Trustee may consult with counsel and the written advice of such counsel or any Opinion of 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 reliance thereon; 

        (5)  the
Trustee shall be under no obligation to exercise any of the rights or powers vested in it by this Indenture at the request or direction of any of the Holders
pursuant to this Indenture, unless such Holders shall have offered to the Trustee reasonable security or indemnity against the costs, expenses and liabilities which might be incurred by it in
compliance with such request or direction; 

        (6)  the
Trustee shall not be bound to make any investigation into the facts or matters stated in any resolution, certificate, statement, instrument, opinion, report, notice,
request, direction, consent, order, bond, debenture, note, other evidence of indebtedness or other paper or document, but the Trustee, in its discretion, may make such further inquiry or investigation
into such facts or matters as it may see fit, and, if the Trustee shall determine to make such further inquiry or investigation, it shall be entitled to examine the books, records and premises of the
Company, personally or by agent or attorney upon 10 business days advance written notice and during regular business hours; and 

        (7)  the
Trustee may execute any of the trusts or powers hereunder or perform any duties hereunder either directly or by or through agents or attorneys and the Trustee shall
not be responsible for any misconduct or negligence on the part of any agent or attorney appointed with due care by it hereunder. 

        Section 604.    Not Responsible for Recitals or Issuance of Securities.    

        The
recitals contained herein and in the Securities and Coupons, except the Trustee's certificates of authentication, shall be taken as the statements of the Company, and the Trustee or
any Authenticating Agent assumes no responsibility for their correctness. The Trustee makes no representations as to the validity or sufficiency of this Indenture or of the Securities or Coupons. The
Trustee or any Authenticating Agent shall not be accountable for the use or application by the Company of Securities or the proceeds thereof. 

        Section 605.    May Hold Securities or Coupons.    

        The
Trustee, any Authenticating Agent, any Paying Agent, any Security Registrar or any other agent of the Company, in its individual or any other capacity, may become the owner or
pledgee of Securities or Coupons and, subject to Sections 608 and 613, may otherwise deal with the Company with the same rights it would have if it were not Trustee, Authenticating Agent, Paying
Agent, Security Registrar or such other agent. 

29

 

        Section 606.    Money Held in Trust.    

        Money
held by the Trustee, or by any Paying Agent (other than the Company if the Company shall act as Paying Agent), in trust hereunder need not be segregated from other funds except to
the extent required by law. The Trustee shall be under no liability for interest on any money received by it hereunder except as otherwise agreed with the Company. 

        Section 607.    Compensation and Reimbursement.    

        The
Company agrees 

        (1)  to
pay to the Trustee from time to time reasonable compensation for all services rendered by it hereunder (which compensation shall not be limited by any provision of
law in regard to the compensation of a trustee of an express trust); 

        (2)  except
as otherwise expressly provided herein, to reimburse the Trustee upon its request for all reasonable expenses, disbursements and advances incurred or made by the
Trustee in accordance with any provision of this Indenture (including the reasonable compensation and the expenses and disbursements of its agents and counsel), except any such expense, disbursement
or advance as may be attributable to its negligence or bad faith; and 

        (3)  to
indemnify the Trustee for, and to hold it harmless against, any loss, liability or expense incurred without negligence or bad faith on its part, arising out of or in
connection with the acceptance or administration of the trust or trusts hereunder or performance of its duties hereunder, including the
costs and expenses of defending itself against any claim or liability in connection with the exercise or performance of any of its powers or duties hereunder. 

        As
security for the performance of the obligations of the Company under this Section, the Trustee shall have a claim prior to the Securities upon all property and funds held or collected
by the Trustee as such, except funds held in trust for the payment of principal of (and premium, if any) or interest on particular Securities or any coupons. 

        Section 608.    Disqualification; Conflicting Interests.    

        If
the Trustee has or shall acquire a conflicting interest within the meaning of the Trust Indenture Act, the Trustee shall either eliminate such interest or resign, to the extent and in
the manner provided by, and subject to the provisions of, the Trust Indenture Act and this Indenture and the Company shall take prompt action to have a successor Trustee appointed in the manner
provided herein. 

        Section 609.    Corporate Trustee Required; Eligibility.    

        There
shall at all times be one or more Trustees hereunder with respect to the Securities of each series, at least one of which shall be a Person that (i) is eligible pursuant to
the Trust Indenture Act to act as such, and (ii) has a combined capital and surplus of at least $50,000,000; provided, however, that if the
Trustee shall be a member of a bank holding company group, such bank holding company group shall have combined capital and surplus of at least $50,000,000 and the Trustee shall have a combined capital
and surplus of at least $10,000,000. If such Person publishes reports of condition at least annually, pursuant to law or to the requirements of said supervising or examining authority, then for the
purposes of this Section, the combined capital and surplus of such Person shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. If at
any time the Trustee shall cease to be eligible in accordance with the provisions of this Section, it shall resign immediately in the manner and with the effect hereinafter specified in this Article. 

30

 

        Section 610.    Resignation and Removal; Appointment of Successor.    

        No
resignation or removal of the Trustee and no appointment of a successor Trustee pursuant to this Article shall become effective until the acceptance of appointment by the successor
Trustee in accordance with the applicable requirements of Section 611. 

        The
Trustee may resign at any time with respect to the Securities of one or more series by giving written notice thereof to the Company. If the instrument of acceptance by a successor
Trustee required by Section 611 shall not have been delivered to the Trustee within 30 days after the giving of such notice of resignation, the resigning Trustee may petition any court
of competent jurisdiction for the appointment of a successor Trustee with respect to the Securities of such series. 

        The
Trustee may be removed at any time with respect to the Securities of any series by Act of the Company or the Holders of a majority in principal amount of the Outstanding Securities
of such series, delivered to the Trustee and to the Company. 

        If
at any time: 

        (1)  the
Trustee shall fail to comply with Section 608 after written request therefor by the Company or by any Holder who has been a bona fide Holder of a Security for
at least six months, or 

        (2)  the
Trustee shall cease to be eligible under Section 609 and shall fail to resign after written request therefor by the Company or by any such Holder, or 

        (3)  the
Trustee shall become incapable of acting or shall be adjudged a bankrupt or insolvent or a receiver of the Trustee or of its property shall be appointed or any
public officer shall take charge or control of the Trustee or of its property or affairs for the purpose of rehabilitation, conservation or liquidation, 

then,
in any such case, (A) the Company by a Board Resolution may remove the Trustee with respect to all securities, or (B) subject to Section 514, any Holder who has been a bona
fide Holder of a Security for at least six months may, on behalf of himself and all others similarly situated, petition any court of competent jurisdiction for the removal of the Trustee with respect
to all Securities and the appointment of a successor Trustee or Trustees. 

        If
the Trustee shall resign, be removed or become incapable of acting, or if a vacancy shall occur in the office of Trustee for any cause, with respect to the Securities of one or more
series, the Company, by a Board Resolution, shall promptly appoint a successor Trustee or Trustees with respect to the Securities of that or those series (it being understood that any such successor
Trustee may be appointed with respect to the Securities of one or more or all of such series and that at any time there shall be only one Trustee with respect to the Securities of any particular
series) and shall comply with the applicable requirements of Section 611. If, within one year after such resignation, removal or incapability, or the occurrence of such vacancy, a successor
Trustee with respect to the Securities of any Series shall be appointed by Act of the Holders of a majority in principal amount of the Outstanding Securities of
such series delivered to the Company and the retiring Trustee, the successor Trustee so appointed shall, forthwith upon its acceptance of such appointment in accordance with the applicable
requirements of Section 611, become the successor Trustee with respect to the Securities of such series and to that extent supersede the successor Trustee appointed by the Company. If no
successor Trustee with respect to the Securities of any Series shall have been so appointed by the Company or the Holders and accepted appointment in the manner required by Section 611, any
Holder who has been a bona fide Holder of a Security of such series for at least six months may, on behalf of himself and all others similarly situated, petition any court of competent jurisdiction
for the appointment of a successor Trustee with respect to the Securities of such series. 

31

 

        The
Company shall give notice of each resignation and each removal of the Trustee with respect to the Securities of any series and each appointment of a successor Trustee with respect to
the Securities of any series to all Holders of Securities of such series in the manner provided in Section 106. Each notice shall include the name of the successor Trustee with respect to the
Securities of such series and the address of its Corporate Trust Office. 

        Section 611.    Acceptance of Appointment by Successor.    

        In
case of the appointment hereunder of a successor Trustee with respect to all Securities, every such successor Trustee so appointed shall execute, acknowledge and deliver to the
Company and to the retiring Trustee an instrument accepting such appointment, and thereupon the resignation or removal of the retiring Trustee shall become effective and such successor Trustee,
without any further act, deed or conveyance, shall become vested with all the rights, powers, trusts and duties of the retiring Trustee; but, on the request of the Company or the successor Trustee,
such retiring Trustee shall, upon payment of its charges, execute and deliver an instrument transferring to such successor Trustee all the rights, powers and trusts of the retiring Trustee and shall
duly assign, transfer and deliver to such successor Trustee all property and money held by such retiring Trustee hereunder. 

        In
case of the appointment hereunder of a successor Trustee with respect to the Securities of one or more (but not all) series, the Company, the retiring Trustee and each successor
Trustee with respect to the Securities of one or more series shall execute and deliver an indenture supplemental hereto wherein each successor Trustee shall accept such appointment and which
(1) shall contain such provisions as shall be necessary or desirable to transfer and confirm to, and to vest in, each successor Trustee all the rights, powers, trusts and duties of the retiring
Trustee with respect to the Securities of that or those series to which the appointment of such successor Trustee relates, (2) if the retiring Trustee is not retiring with respect to all
Securities, shall contain such provisions as shall be deemed necessary or desirable to confirm that all the rights, powers, trusts and duties of the retiring Trustee with respect to the Securities of
that or those series as to which the retiring Trustee is not retiring shall continue to be vested in the retiring Trustee, and (3) shall add to or change any of the provisions of this Indenture
as shall be necessary to provide for or facilitate the administration of the trusts hereunder by more than one Trustee, it being understood that nothing herein or in such supplemental indenture shall
constitute such Trustees co-trustees of the same trust and that each such Trustee shall be trustee of a
trust or trusts hereunder separate and apart from any trust or trusts hereunder administered by any other such Trustee; and upon the execution and delivery of such supplemental indenture the
resignation or removal of the retiring Trustee shall become effective to the extent provided therein and each such successor Trustee, without any further act, deed or conveyance, shall become vested
with all the rights, powers, trusts and duties of the retiring Trustee with respect to the Securities of that or those series to which the appointment of such successor Trustee relates; but, on
request of the Company or any successor Trustee, such retiring Trustee shall duly assign, transfer and deliver to such successor Trustee all property and money held by such retiring Trustee hereunder
with respect to the Securities of that or those series to which the appointment of such successor Trustee relates. 

        Upon
request of any such successor Trustee, the Company shall execute any and all instruments for more fully and certainly vesting in and confirming to such successor Trustee all such
rights, powers and trusts referred to in paragraph (a) and (b) of this Section, as the case may be. 

        No
successor Trustee shall accept its appointment unless at the time of such acceptance such successor Trustee shall be qualified and eligible under this Article. 

        Section 612.    Merger, Conversion, Consolidation or Succession to Business.    

        Any
corporation into which the Trustee may be merged or converted or with which it may be consolidated, or any corporation resulting from any merger, conversion or consolidation to which
the 

32

 

Trustee shall be a party, or any corporation succeeding to all or substantially all the corporate trust business of the Trustee, shall be the successor of the Trustee hereunder, provided such
corporation shall be otherwise qualified and eligible under this Article, without the execution or filing of any paper or any further act on the part of any of the parties hereto. In case any
Securities shall have been authenticated, but not delivered, by the Trustee then in office, any successor by merger, conversion or consolidation to such authenticating Trustee may adopt such
authentication and deliver the Securities so authenticated with the same effect as if such successor Trustee had itself authenticated such Securities. In the event any Securities shall not have been
authenticated by such predecessor Trustee, any such successor Trustee may authenticate and deliver such Securities, in either its own name or that of its predecessor Trustee, with the full force and
effect which this Indenture provides for the certificate of authentication of the Trustee. 

        Section 613.    Preferential Collection of Claims Against Company.    

        If
and when the Trustee shall be or become a creditor of the Company (or any other obligor upon the Securities or any Coupons), the Trustee shall be subject to the provisions of the
Trust Indenture Act regarding the collection of claims against the Company (or any such other obligor). 

        Section 614.    Appointment of Authenticating Agent.    

        The
Trustee may appoint an Authenticating Agent or Agents with respect to one or more series of Securities which shall be authorized to act on behalf of the Trustee to authenticate
Securities of such series issued upon original issue and upon exchange, registration of transfer or partial redemption thereof or pursuant to Section 306, and Securities so authenticated shall
be entitled to the benefits of this Indenture and shall be valid and obligatory for all purposes as if authenticated by the Trustee hereunder. Wherever reference is made in this Indenture to the
authentication and delivery of Securities by the Trustee or the Trustee's certificate of authentication, such reference shall be deemed to include authentication and delivery on behalf of the Trustee
by an Authenticating Agent and a certificate of authentication executed on behalf of the Trustee by an Authenticating Agent. Each Authenticating Agent shall be acceptable to the Company and shall at
all times be a corporation organized and doing business under the laws of the United States of America, any State thereof or the District of Columbia, authorized under such laws to act as
Authenticating Agent, having a combined capital and surplus of not less than $50,000,000 and subject to supervision or examination by Federal or State authority. If such Authenticating Agent publishes
reports of condition at least annually, pursuant to law or to the requirements of said supervising or examining authority, then for the purposes of this Section, the combined capital and surplus of
such Authenticating Agent shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. If at any time an Authenticating Agent shall cease to
be eligible in accordance with the provisions of this Section, such Authenticating Agent shall resign immediately in the manner and with the effect specified in this Section. 

        Any
corporation into which an Authenticating Agent may be merged or converted or with which it may be consolidated, or any corporation resulting from any merger, conversion or
consolidation to which such Authenticating Agent shall be a party, or any corporation succeeding to the corporate agency or corporate trust business of an Authenticating Agent, shall continue to be an
Authenticating Agent, provided such corporation shall be otherwise eligible under this Section, without the execution or filing of any paper or any further act on the part of the Trustee or the
Authenticating Agent. 

        An
Authenticating Agent may resign at any time by giving written notice thereof to the Trustee and to the Company. The Trustee may at any time terminate the agency of an Authenticating
Agent by giving written notice thereof to such Authenticating Agent and to the Company. Upon receiving such a notice of resignation or upon such a termination, or in case at any time such
Authenticating Agent shall cease to be eligible in accordance with the provisions of this Section, the Trustee may appoint a successor Authenticating Agent which shall be acceptable to the Company and
shall provide notice of 

33

 

such appointment to the Holders of Securities of the series with respect to which such Authenticating Agent will serve, in the manner provided in Section 106. Any successor Authenticating
Agent upon acceptance of its appointment hereunder shall become vested with all the rights, powers and duties of its predecessor hereunder, with like effect as if originally named as an Authenticating
Agent. No successor Authenticating Agent shall be appointed unless eligible under the provisions of this Section. 

        The
Trustee agrees to pay to each Authenticating Agent from time to time reasonable compensation for its services under this Section, and the Trustee shall be entitled to be reimbursed
for such payments, subject to the provisions of Section 607. 

        If
an appointment with respect to one or more series is made pursuant to this Section, the Securities of such series may have endorsed thereon, in addition to the Trustee's certificate
of authentication, an alternative certificate of authentication in the following form: 

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

	 	 	

	 	 	 	 	As Trustee
	

 	
 	

By	
 	

 
	 	 	 	 	

	 	 	 	 	As Authenticating Agent
	

 	
 	

By	
 	

 
	 	 	 	 	

	 	 	 	 	Authorized Officer

 
 

ARTICLE SEVEN    
    
    Holders' Lists and Reports by Trustee and Company    
  

        Section 701.    Company to Furnish Trustee Names and Addresses of Holders.    

        The
Company will furnish or cause to be furnished to the Trustee 

        (1)  semi-annually,
not more than 15 days after each Regular Record Date, a list for each series of Securities, in such form as the Trustee may reasonably
require, of the names and addresses of the Holders of Securities of such series as of such Regular Record Date, and 

        (2)  at
such other times as the Trustee may request in writing, within 30 days after the receipt by the Company of any such request, a list of similar form and content
as of a date not more than 15 days prior to the time such list is furnished; 

excluding from any such list names and addresses received by the Trustee in its capacity as Security Registrar. 

        Section 702.    Preservation of Information; Communications to Holders.    

        The
Trustee shall preserve, in as current a form as is reasonably practicable, the names and addresses of Holders contained in the most recent list furnished to the Trustee as provided
in Section 701 and the names and addresses of Holders received by the Trustee in its capacity as Security Registrar. The Trustee may destroy any list furnished to it as provided in
Section 701 upon receipt of a new list so furnished. 

        The
rights of the Holders to communicate with other Holders with respect to their rights under this Indenture or under the Securities or Coupons, and the corresponding rights and
privileges of the Trustee, shall be as provided by the Trust Indenture Act. 

34

 

        Every
Holder of Securities or Coupons, by receiving and holding the same, agrees with the Company and the Trustee that neither the Company nor the Trustee nor any agent of either of them
shall be held accountable by reason of any disclosure of information as to names and addresses of Holders made pursuant to the Trust Indenture Act. 

        Section 703.    Reports by Trustee.    

        The
Trustee shall transmit to Holders such reports concerning the Trustee and its actions under this Indenture as may be required pursuant to the Trust Indenture Act at the times and in
the manner provided pursuant thereto. 

        A
copy of each such report shall, at the time of such transmission to Holders, be filed by the Trustee with each stock exchange upon which any Securities are listed, with the Commission
and with the Company. The Company will notify the Trustee when any Securities are listed on any stock exchange. 

        Section 704.    Reports by Company.    

        The
Company shall file with the Trustee and the Commission, and transmit to Holders, such information, documents and other reports, and such summaries thereof, as may be required
pursuant to the Trust Indenture Act at the times and in the manner provided pursuant to such Act; provided that any such information, documents or reports required to be filed with the Commission
pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 shall be filed with the Trustee within 15 days after the same is so required to be filed with the Commission. 

 
 

ARTICLE EIGHT    
    
    Consolidation, Merger, Conveyance, Transfer or Lease    
  

        Section 801.    Company May Consolidate, Etc., Only on Certain Terms.    

        The
Company shall not consolidate with or merge into any other Person or convey, transfer or lease its properties and assets substantially as an entirety to any Person, and the Company
shall not permit any Person to consolidate with or merge into the Company or convey, transfer or lease its properties and assets substantially as an entirety to the Company, unless: 

        (1)  in
case the Company shall consolidate with or merge into another Person or convey, transfer or lease its properties and assets substantially as an entirety to any
Person, the Person formed by such consolidation or into which the Company is merged or the Person which acquires by conveyance or transfer, or which leases, the properties and assets of the Company
substantially as an entirety shall be a corporation, partnership or trust, shall be organized and validly existing under the laws of the United States of America, any State thereof or the District of
Columbia and shall expressly assume, by an indenture supplemental hereto, executed and delivered to the Trustee, in form satisfactory to the
Trustee, the due and punctual payment of the principal of and any premium and interest on all the Securities and Coupons and the performance or observance of every covenant of this Indenture on the
part of the Company to be performed or observed; 

        (2)  immediately
after giving effect to such transaction and treating any indebtedness which becomes an obligation of the Company or any Subsidiary as a result of such
transaction as having been incurred by the Company or such Subsidiary at the time of such transaction, no Event of Default, and no event which, after notice or lapse of time or both, would become an
Event of Default, shall have happened and be continuing; 

        (3)  if,
as a result of any such consolidation or merger or such conveyance, transfer or lease, properties or assets of the Company would become subject to a mortgage,
pledge, lien, security interest or other encumbrance which would not be permitted by this Indenture, the Company or 

35

 

such successor Person, as the case may be, shall take such steps as shall be necessary effectively to secure the Securities equally and ratably with (or prior to) all indebtedness secured thereby;
and 

        (4)  the
Company has delivered to the Trustee an Officers' Certificate and an Opinion of Counsel, each stating that such consolidation, merger, conveyance, transfer or lease
and, if a supplemental indenture is required in connection with such transaction, such supplemental indenture comply with this Article and that all conditions precedent herein provided for relating to
such transaction have been complied with. 

        Section 802.    Successor Substituted.    

        Upon
any consolidation of the Company with, or merger of the Company into, any other Person or any conveyance, transfer or lease of the properties and assets of the Company substantially
as an entirety in accordance with Section 801, the successor Person formed by such consolidation or into 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 Indenture with the same effect as if such successor Person had been named as the Company herein,
and thereafter, except in the case of a lease, the predecessor Person shall be relieved of all obligations and covenants under this Indenture, the Securities and the Coupons. 

 
 

ARTICLE NINE    
    
    Supplemental Indentures    
  

        Section 901.    Supplemental Indentures Without Consent of Holders.    

        Without
the consent of any Holders, the Company, when authorized by a Board Resolution, and the Trustee, at any time and from time to time, may enter into one or more indentures
supplemental hereto, in form satisfactory to the Trustee, for any of the following purposes: 

        (1)  to
evidence the succession of another Person to the Company and the assumption by any such successor of the covenants of the Company herein and in the Securities; or 

        (2)  to
add to the covenants of the Company for the benefit of the Holders of all or any series of Securities (and if such covenants are to be for the benefit of less than
all series of Securities, stating that such covenants are expressly being included solely for the benefit of such series) or to surrender any right or power herein conferred upon the Company; or 

        (3)  to
add any additional Events of Default; or 

        (4)  to
add to or change any of the provisions of this Indenture to provide that Bearer Securities may be registrable as to principal, to change or eliminate any restrictions
on the payment of principal of, any premium or interest on Securities, to permit Registered Securities to be exchanged for Bearer Securities, to permit Bearer Securities to be exchanged for Bearer
Securities of other authorized denominations or to permit or facilitate the issuance of Securities in uncertificated form, provided any such action shall not adversely affect the interests of the
Holders of Securities of any series or any Coupons appertaining thereto in any material respect; or 

        (5)  to
add to, change or eliminate any of the provisions of this Indenture in respect of one or more series of Securities, provided that any such addition, change or
elimination (A) shall neither (i) apply to any Security of any series or Coupon appertaining thereto created prior to the execution of such supplemental indenture and entitled to the
benefit of such provision nor (ii) modify the rights of the Holder of any such Security or Coupon with respect to such provision or (B) shall become effective only when there is no such
Security or Coupon Outstanding; or 

        (6)  to
establish the form or terms of Securities of any series as permitted by Sections 201 and 301; or 

36

 

        (7)  to
evidence and provide for the acceptance of appointment hereunder by a successor Trustee with respect to the Securities of one or more series and to add to or change
any of the provisions of this Indenture as shall be necessary to provide for or facilitate the administration of the trusts hereunder by more than one Trustee, pursuant to the requirements of
Section 611; or 

        (8)  to
cure any ambiguity, to correct or supplement any provision herein which may be inconsistent with any other provision herein, or to make any other provisions with
respect to matters or questions arising under this Indenture, provided that such action pursuant to this clause (8) shall not adversely affect the interests of the Holders of Securities of any
series (except a series consenting pursuant to Section 902) in any material respect. 

        Section 902.    Supplemental Indentures with Consent of Holders.    

        With
the consent of the Holders of not less than a majority in principal amount of the Outstanding Securities of each series affected by such supplemental indenture, by Act of said
Holders delivered to the Company and the Trustee, the Company, when authorized by a Board Resolution, and the Trustee may enter into an indenture or indentures supplemental hereto for the purpose of
adding any provisions to or changing in any manner or eliminating any of the provisions of this Indenture or of modifying in any manner the rights of the Holders of Securities of such series and any
Coupons under this Indenture; provided, however, that no such supplemental indenture shall, without the consent of the Holder of each Outstanding
Security affected thereby, 

        (1)  change
the Stated Maturity of the principal of, or any installment of principal of or interest on, any Security, or reduce the principal amount thereof or the rate of
interest thereon or any premium payable upon the redemption thereof, or reduce the amount of the principal of an Original Issue Discount Security that would be due and payable upon a declaration of
acceleration of the Maturity thereof pursuant to Section 502, or change the coin or currency in which any Security or any premium or interest thereon is payable, or impair the right to
institute suit for the enforcement of any such payment on or after the Stated Maturity thereof (or, in the case of redemption, on or after the Redemption Date), or modify the provisions of this
Indenture with respect to the conversion or exchange of the Securities into Securities of another series or into any other debt or equity securities in a manner adverse to the Holders, or 

        (2)  reduce
the percentage in principal amount of the Outstanding Securities of any series, the consent of whose Holders is required for any such supplemental indenture, or
the consent of whose Holders is required for any waiver (of compliance with certain provisions of this Indenture or certain defaults hereunder and their consequences) provided for in this Indenture,
or 

        (3)  modify
any of the provisions of this Section or Section 513, except to increase any such percentage or to provide that certain other provisions of this Indenture
cannot be modified or waived without the consent of the Holder of each Outstanding Security affected thereby, provided, however, that this clause shall
not be deemed to require the consent of any Holder with respect to changes in the references to "the Trustee" and concomitant changes in this Section, or the deletion of this proviso, in accordance
with the requirements of Sections 611 and 901(8). 

A
supplemental indenture which changes or eliminates any covenant or other provision of this Indenture which has expressly been included solely for the benefit of one or more particular series of
Securities, or which modifies the rights of the Holders of Securities of such series with respect to such covenant or other provision, shall be deemed not to affect the rights under this Indenture of
the Holders of Securities of any other series. 

        It
shall not be necessary for any Act of Holders under this Section to approve the particular form of any proposed supplemental indenture, but it shall be sufficient if such Act shall
approve the substance thereof. 

37

 

        Section 903.    Execution of Supplemental Indentures.    

        In
executing, or accepting the additional trusts created by, any supplemental indenture permitted by this Article or the modifications thereby of the trusts created by this Indenture,
the Trustee shall be entitled to receive, and (subject to Section 601) shall be fully protected in relying upon, an Opinion of Counsel stating that the execution of such supplemental indenture
is authorized or permitted by this Indenture. The Trustee may, but shall not be obligated to, enter into any such supplemental indenture which affects the Trustee's own rights, duties or immunities
under this Indenture or otherwise. 

        Section 904.    Effect of Supplemental Indentures.    

        Upon
the execution of any supplemental indenture under this Article, this Indenture shall be modified in accordance therewith, and such supplemental indenture shall form a part of
this Indenture for all
purposes; and every Holder of Securities theretofore or thereafter authenticated and delivered hereunder shall be bound thereby. 

        Section 905.    Conformity with Trust Indenture Act.    

        Every
supplemental indenture executed pursuant to this Article shall conform to the requirements of the Trust Indenture Act. 

        Section 906.    Reference in Securities to Supplemental Indentures.    

        Securities
of any series authenticated and delivered after the execution of any supplemental indenture pursuant to this Article may, and shall if required by the Trustee, bear a notation
in form approved by the Trustee as to any matter provided for in such supplemental indenture. If the Company shall so determine, new Securities of any series so modified as to conform, in the opinion
of the Trustee and the Company, to any such supplemental indenture may be prepared and executed by the Company and authenticated and delivered by the Trustee in exchange for Outstanding Securities of
such series. 

 
 

ARTICLE TEN    
    
    Covenants    
  

        Section 1001.    Payment of Principal, Premium and Interest.    

        The
Company covenants and agrees for the benefit of each series of Securities that it will duly and punctually pay the principal of and any premium and interest on the Securities of that
series in accordance with the terms of the Securities or any Coupons appertaining thereto and this Indenture. Any interest due on any Bearer Security or before the maturity thereof shall be payable
only upon presentation and surrender of the Coupons appertaining thereto for such interest as they severally mature. 

        Section 1002.    Maintenance of Office or Agency.    

        The
Company will maintain in each Place of Payment for any series of Securities an office or agency where Securities of that series (but not Bearer Securities, except as otherwise
provided below, unless such Place of Payment is located outside the United States) may be presented or surrendered for payment, where Securities of that series may be surrendered for registration of
transfer or exchange and where notices and demands to or upon the Company in respect of the Securities of that series and this Indenture may be served. If Securities of a series are issuable as Bearer
Securities, the Company shall maintain, subject to any laws or regulations applicable thereto, an office or agency in a Place of Payment for such series which is located outside the United States
where Securities of such series and any Coupons appertaining thereto may be presented and surrendered for payment. The Company will give prompt written notice to the Trustee 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 

38

 

fail to furnish the Trustee with the address thereof, such presentations, surrenders, notices and demands may be made or served at the Corporate Trust Office of the Trustee, except that Bearer
Securities of such series and any Coupons appertaining thereto may be presented and surrendered for payment at the place specified for the purpose with respect to such Securities as provided in or
pursuant to this Indenture, and the Company hereby appoints the Trustee as its agent to receive all such presentations, surrenders, notices and demands. 

        Except
as otherwise provided in or pursuant to this Indenture, no payment of principal, premium or interest with respect to Bearer Securities shall be made at any office or agency of the
Company in the United States or by check mailed to any address in the United States by transfer to an account maintained with a bank located in the United States; provided,
however, if amounts owing with respect to any Bearer Securities shall be payable in United States Dollars, payment of principal of and any premium or interest on any such
Security may be made at the Corporate Trust Office of the Trustee or any office or agency designated by the Company in the United States, but only if payment of the full amount of such principal,
premium or interest at all offices outside the United States maintained for such purpose by the Company in accordance with the Indenture is illegal or effectively precluded by exchange controls or
other similar restrictions. 

        The
Company may also from time to time designate one or more other offices or agencies where the Securities of one or more series may be presented or surrendered for any or all such
purposes and may from time to time rescind such designations; provided, however, that no such designation or rescission shall in any manner relieve the
Company of its obligation to maintain an office or agency in each Place of Payment for Securities of any series for such purposes. The Company will give prompt written notice to the Trustee of any
such designation or rescission and of any change in the location of any such other office or agency. 

        Section 1003.    Money for Securities Payments to Be Held in Trust.    

        If
the Company shall at any time act as its own Paying Agent with respect to any series of Securities, it will, on or before each due date of the principal of or any premium or interest
on any of the Securities of that series, segregate and hold in trust for the benefit of the Persons entitled thereto a sum sufficient
to pay the principal and any premium and interest so becoming due until such sums shall be paid to such Persons or otherwise disposed of as herein provided and will promptly notify the Trustee of its
action or failure so to act. 

        Whenever
the Company shall have one or more Paying Agents for any series of Securities and any Coupons appertaining thereto, it will, prior to each due date of the principal of or any
premium or interest on any Securities of that series, deposit with a Paying Agent a sum sufficient to pay such amount, such sum to be held as provided by the Trust Indenture Act, and (unless such
Paying Agent is the Trustee) the Company will promptly notify the Trustee of its action or failure so to act. 

        The
Company will cause each Paying Agent for any series of Securities other than the Trustee to execute and deliver to the Trustee an instrument in which such Paying Agent shall agree
with the Trustee, subject to the provisions of this Section, that such Paying Agent will (1) comply with the provisions of the Trust Indenture Act applicable to it as a Paying Agent and
(2) during the continuance of any default by the Company (or any other obligor upon the Securities of that series) in the making of any payment in respect of the Securities of that series, and
upon the written request of the Trustee, forthwith pay to the Trustee all sums held in trust by such Paying Agent for payment in respect of the Securities of that series. 

        The
Company may at any time, for the purpose of obtaining the satisfaction and discharge of this Indenture or for any other purpose, pay, or by Company Order direct any Paying Agent to
pay, to the Trustee all sums held in trust by the Company or such Paying Agent, such sums to be held by the Trustee upon the same trusts as those upon which such sums were held by the Company or such
Paying 

39

 

Agent; and, upon such payment by any Paying Agent to the Trustee, such Paying Agent shall be released from all further liability with respect to such money. 

        Any
money deposited with the Trustee or any Paying Agent, or then held by the Company, in trust for the payment of the principal of or any premium or interest on any Security of any
series and remaining unclaimed for two years after such principal, premium or interest has become due and payable shall be paid to the Company on Company Request (including interest income accrued on
said funds to which the Company is otherwise entitled), or (if then held by the Company) shall be discharged from such trust; and the Holder of such Security or any Coupon appertaining thereto shall
thereafter, as an unsecured general creditor, look only to the Company for payment thereof, and all liability of the Trustee or such Paying Agent with respect to such trust money, and all liability of
the Company as trustee thereof, shall thereupon cease; provided, however, that the Trustee or such Paying Agent, before being required to make any such
repayment, may at the expense of the Company cause to be published once, in an Authorized Newspaper in each Place of Payment for such series, 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 publication, any unclaimed balance of such money then remaining will be repaid to the Company. 

        Section 1004.    Statement by Officers as to Default.    

        The
Company will deliver to the Trustee, within 120 days after the end of each fiscal year of the Company ending after the date hereof, an Officers' Certificate, stating whether
or not to the best knowledge of the signers thereof the Company is in default in the performance and observance of any of the terms, provisions and conditions of this Indenture (without regard to any
period of grace or requirement of notice provided hereunder) and, if the Company shall be in default, specifying all such defaults and the nature and status thereof of which they may have knowledge. 

        Section 1005.    Existence.    

        Subject
to Article Eight, the Company will do or cause to be done all things necessary to preserve and keep in full force and effect its existence, rights (charter and statutory) and
franchises; provided, however, that the Company shall not be required to preserve any such right or franchise if the Board of Directors shall determine
that the preservation thereof is no longer desirable in the conduct of the business of the Company and that the loss thereof is not disadvantageous in any material respect to the Holders. 

        Section 1006.    Maintenance of Properties.    

        The
Company will cause all properties used or useful in the conduct of its business or the business of any Subsidiary to be maintained and kept in good condition, repair and working
order and supplied with all necessary equipment and will cause to be made all necessary repairs, renewals, replacements, betterments and improvements thereof, all as in the judgment of the Company may
be necessary so that the business carried on in connection therewith may be properly and advantageously conducted at all times; provided, however, that
nothing in this Section shall prevent the Company from discontinuing the operation or maintenance of any of such properties if such discontinuance is, in the judgment of the Company, desirable in the
conduct of its business or the business of any Subsidiary and not disadvantageous in any material respect to the Holders. 

        Section 1007.    Payment of Taxes and Other Claims.    

        The
Company will pay or discharge or cause to be paid or discharged, before the same shall become delinquent, (1) all taxes, assessments and governmental charges levied or imposed
upon the Company or any Subsidiary or upon the income, profits or property of the Company or any Subsidiary, and (2) all lawful claims for labor, materials and supplies which, if unpaid, might
by law become a lien upon the property of the Company or any Subsidiary; provided, however, that the Company shall not be 

40

 

required to pay or discharge or cause to be paid or discharged any such tax, assessment, charge or claim whose amount, applicability or validity is being contested in good faith by appropriate
proceedings. 

 
 

ARTICLE ELEVEN    
    
    Redemption of Securities    
  

        Section 1101.    Applicability of Article.    

        Securities
of any series which are redeemable before their Stated Maturity shall be redeemable in accordance with their terms and (except as otherwise specified as contemplated by
Section 301 for Securities of any series) in accordance with this Article. 

        Section 1102.    Election to Redeem; Notice to Trustee.    

        The
election of the Company to redeem any Securities shall be evidenced by a Board Resolution. In case of any redemption at the election of the Company of less than all the Securities of
any series, the Company shall, at least 45 days prior to the Redemption Date fixed by the Company (unless a shorter notice shall be satisfactory to the Trustee), notify the Trustee of such
Redemption Date, of the principal amount of Securities of such series to be redeemed and, if applicable, of the tenor of the Securities to be redeemed. In the case of any redemption of Securities
prior to the expiration of any restriction on such redemption provided in the terms of such Securities or elsewhere in this Indenture, the Company shall furnish the Trustee with an Officers'
Certificate evidencing compliance with such restriction. 

        Section 1103.    Selection by Trustee of Securities to Be Redeemed.    

        If
less than all the Securities of any series are to be redeemed (unless all of the Securities of such series and of a specified tenor are to be redeemed), the particular Securities to
be redeemed shall be selected not more than 45 days prior to the Redemption Date by the Trustee, from the Outstanding Securities of such series not previously called for redemption, by such
method as the Trustee shall deem fair and appropriate and which may provide for the selection for redemption of portions (equal to the minimum authorized denomination for Registered Securities of that
series or any integral multiple thereof) of the principal amount of Registered Securities of such series of a denomination larger than the minimum authorized denomination for Registered Securities of
that series. If less than
all of the Securities of such series and of a specified tenor are to be redeemed, the particular Securities to be redeemed shall be selected not more than 60 days prior to the Redemption Date
by the Trustee, from the Outstanding Securities of such series and specified tenor not previously called for redemption in accordance with the preceding sentence. 

        The
Trustee shall promptly notify the Company in writing of the Securities selected for redemption and, in the case of any Securities selected for partial redemption, the principal
amount thereof to be redeemed. 

        For
all purposes of this Indenture, unless the context otherwise requires, all provisions relating to the redemption of Securities shall relate, in the case of any Securities redeemed or
to be redeemed only in part, to the portion of the principal amount of such Securities which has been or is to be redeemed. 

        Section 1104.    Notice of Redemption.    

        Notice
of redemption shall be given in the manner provided in Section 106, not less than 30 nor more than 60 days prior to the Redemption Date, to each Holder of Securities
to be redeemed. 

41

 

        All
notices of redemption shall state: 

        (1)  the
Redemption Date, 

        (2)  the
Redemption Price, 

        (3)  if
less than all the Outstanding Securities of any series are to be redeemed, the identification (and, in the case of partial redemption of any Securities, the principal
amounts) of the particular Securities to be redeemed, 

        (4)  that
on the Redemption Date the Redemption Price will become due and payable upon each such Security to be redeemed and, if applicable, that interest thereon will cease
to accrue on and after said date, 

        (5)  the
place or places where such Securities, together (in the case of Bearer Securities) with all Coupons appertaining thereto, if any, maturing after the Redemption Date,
are to be surrendered for payment of the Redemption Price, 

        (6)  that
the redemption is for a sinking fund, if such is the case, 

        (7)  if
applicable, the conversion price and the date on which the right to convert the Securities to be redeemed will terminate, 

        (8)  that,
unless otherwise specified in such notice, Bearer Securities of any series, if any, surrendered for redemption must be accompanied by all Coupons maturing
subsequent to the date fixed for redemption or the amount of any such missing Coupon or Coupons will be deducted from the Redemption Price, unless security or indemnity satisfactory to the Company,
the Trustee and any Paying Agent is furnished, 

        (9)  if
Bearer Securities of any series are to be redeemed and any Registered Securities of such series are not being redeemed, and if such Bearer Securities may be exchanged
for Registered Securities not subject to redemption on the Redemption Date pursuant to Section 305 or otherwise, the last date, as determined by the Company, on which such exchanges may be
made, and 

        (10) the
CUSIP numbers of the Securities to be redeemed. 

        Notice
of redemption of Securities to be redeemed at the election of the Company shall be given by the Company or, at the Company's request, by the Trustee in the name and at the expense
of the Company and shall be irrevocable. 

        Section 1105.    Deposit of Redemption Price.    

        Prior
to any Redemption Date, the Company shall deposit with the Trustee or with a Paying Agent (or, if the Company is acting as its own Paying Agent, segregate and hold in trust as
provided in Section 1003) an amount of money sufficient to pay the Redemption Price of, and (except if the Redemption Date shall be an Interest Payment Date) accrued interest on, all the
Securities which are to be redeemed on that date. 

        Section 1106.    Securities Payable on Redemption Date.    

        Notice
of redemption having been given as aforesaid, the Securities so to be redeemed shall, on the Redemption Date, become due and payable at the Redemption Price therein specified, and
from and after such date (unless the Company shall default in the payment of the Redemption Price and accrued interest) such Securities shall cease to bear interest and the Coupons for such interest
appertaining to any Bearer Securities to be redeemed, except as provided below, shall be void. Upon surrender of any such Security for redemption in accordance with said notice, together with all
Coupons, if any, appertaining thereto maturing after the Redemption Date, such Security shall be paid 

42

 

by the Company at the Redemption Price, together with accrued interest on Registered Securities to the Redemption Date; provided, however, that, unless
otherwise specified as contemplated by Section 301, installments of interest whose Stated Maturity is on or prior to the Redemption Date shall be payable to the Holders of such Securities, or
one or more Predecessor Securities, registered as such at the close of business on the relevant Record Dates according to their terms and the provisions of Section 307 and  provided, further, that
installments of interest on Bearer Securities whose Stated Maturity is on or prior to the Redemption Date shall be payable only
upon presentation and surrender of Coupons for such interest at an office or agency located outside of the United States except as otherwise provided in Section 1002. 

        If
any Bearer Security surrendered for redemption shall not be accompanied by all appurtenant Coupons maturing after the Redemption Date, such Security may be paid after deducting from
the Redemption Price an amount equal to the face amount of all such missing Coupons, or the surrender of such missing Coupon or Coupons may be waived by the Company and the Trustee if there be
furnished to them such security or indemnity as they may require to save each of them and any Paying Agent harmless. If thereafter the Holder of such Security shall surrender to the Trustee or any
Paying Agent any such missing Coupon in respect of which a deduction shall have been made from the Redemption Price, such Holder shall be entitled to receive the amount so deducted;  provided, however,
that any interest represented by Coupons shall be payable only upon presentation and surrender of those Coupons at an office or
agency for such Security located outside of the United States except as otherwise provided in Section 1002. 

        If
any Security called for redemption shall not be so paid upon surrender thereof for redemption, the principal and any premium shall, until paid, bear interest from the Redemption Date
at the rate prescribed therefor in the Security. 

        Section 1107.    Securities Redeemed in Part.    

        Any
Registered Security which is to be redeemed only in part shall be surrendered at a Place of Payment therefor (with, if the Company or the Trustee so requires, due endorsement by, or
a written instrument of transfer in form satisfactory to the Company and the Trustee duly executed by, the Holder thereof or his attorney duly authorized in writing), and the Company shall execute,
and the
Trustee shall authenticate and deliver to the Holder of such Registered Security without service charge, a new Registered Security or Securities of the same series and of like tenor, of any authorized
denomination as requested by such Holder, in aggregate principal amount equal to and in exchange for the unredeemed portion of the principal of the Security so surrendered. 

 
 

ARTICLE TWELVE    
    
    Sinking Funds    
  

        Section 1201.    Applicability of Article.    

        The
provisions of this Article shall be applicable to any sinking fund for the retirement of Securities of a series except as otherwise specified as contemplated by Section 301
for Securities of such series. 

        The
minimum amount of any sinking fund payment provided for by the terms of Securities of any series is herein referred to as a "mandatory sinking fund payment", and any payment in
excess of such minimum amount provided for by the terms of Securities of any series is herein referred to as an "optional sinking fund payment". If provided for by the terms of Securities of any
series, the cash amount of any sinking fund payment may be subject to reduction as provided in Section 1202. Each sinking fund payment shall be applied to the redemption of Securities of any
series as provided for by the terms of Securities of such series. 

43

 

        Section 1202.    Satisfaction of Sinking Fund Payments with Securities.    

        The
Company (1) may deliver Outstanding Securities of a series (other than any previously called for redemption), together in the case of any Bearer Securities of such series with
all unmatured Coupons appertaining thereto, and (2) may apply as a credit Securities of a series which have been redeemed either at the election of the Company pursuant to the terms of such
Securities or through the application of permitted optional sinking fund payments pursuant to the terms of such Securities, in each case in satisfaction of all or any part of any sinking fund payment
with respect to the Securities of such series required to be made pursuant to the terms of such Securities as provided for by the terms of such series; provided that such Securities have not been
previously so credited. Such Securities shall be received and credited for such purpose by the Trustee at the Redemption Price specified in such
Securities for redemption through operation of the sinking fund and the amount of such sinking fund payment shall be reduced accordingly. 

        Section 1203.    Redemption of Securities for Sinking Fund.    

        Not
less than 60 days prior to each sinking fund payment date for any series of Securities, the Company will deliver to the Trustee an Officers' Certificate specifying the amount
of the next ensuing sinking fund payment for that series pursuant to the terms of that series, the portion thereof, if any, which is to be satisfied by payment of cash and the portion thereof, if any,
which is to be satisfied by delivering and crediting Securities of that series pursuant to Section 1202 and will also deliver to the Trustee any Securities to be so delivered. Not less than
30 days before each such sinking fund payment date the Trustee shall select the Securities to be redeemed upon such sinking fund payment date in the manner specified in Section 1103 and
cause notice of the redemption thereof t6 be given in the name of and at the expense of the Company in the manner provided in Section 1104. Such notice having been duly given, the redemption of
such Securities shall be made upon the terms and in the manner stated in Sections 1106 and 1107. 

 
 

ARTICLE THIRTEEN    
    
    Defeasance and Covenant Defeasance    
  

        Section 1301.    Company's Option to Effect Defeasance or Covenant Defeasance.    

        The
Company may elect, at its option by Board Resolution at any time, to have either Section 1302 or Section 1303 applied to the Outstanding Securities of any series and
any Coupons appertaining thereto designated pursuant to Section 301 as being defeasible pursuant to this Article Thirteen (hereinafter called a "Defeasible Series"), upon compliance with the
conditions set forth below in this Article Thirteen. 

        Section 1302.    Defeasance and Discharge.    

        Upon
the Company's exercise of the option provided in Section 1301 to have this Section 1302 applied to the Outstanding Securities and any Coupons appertaining thereto of
any Defeasible Series, the Company shall be deemed to have been discharged from its obligations with respect to the Outstanding Securities of such series and any Coupons appertaining thereto as
provided in this Section on and after
the date the conditions set forth in Section 1304 are satisfied (hereinafter called "Defeasance"). For this purpose, such Defeasance means that the Company shall be deemed to have paid and
discharged the entire indebtedness represented by the Outstanding Securities of such series and any Coupons appertaining thereto and to have satisfied all its other obligations under the Securities of
such series and any Coupons appertaining thereto and this Indenture insofar as the Securities of such series and any Coupons appertaining thereto are concerned (and the Trustee, at the expense of the
Company, shall execute proper instruments acknowledging the same), subject to the following which shall survive until otherwise terminated or discharged hereunder: (1) the rights of Holders of
Securities of such series and any Coupons appertaining thereto to receive, solely from the 

44

 

trust fund described in Section 1304 and as more fully set forth in such Section, payments in respect of the principal of and any premium and interest on such Securities of such series and any
Coupons appertaining thereto when payments are due, (2) the Company's obligations with respect to the Securities of such series and any Coupons appertaining thereto under Sections 304, 305,
306, 1002 and 1003, (3) the rights, powers, trusts, duties and immunities of the Trustee hereunder and (4) this Article Thirteen. Subject to compliance with this Article Thirteen, the
Company may exercise its option provided in Section 1301 to have this Section 1302 applied to the Outstanding Securities and any Coupons appertaining thereto of any Defeasible Series
notwithstanding the prior exercise of its option provided in Section 1301 to have Section 1303 applied to the Outstanding Securities of such series and any Coupons appertaining thereto. 

        Section 1303.    Covenant Defeasance.    

        Upon
the Company's exercise of the option provided in Section 1301 to have this Section 1303 applied to the Outstanding Securities and any Coupons appertaining thereto of
any Defeasible Series, (i) the Company shall be released from its obligations under Sections 1005 through 1007, inclusive, and any other covenants specified in or pursuant to this Indenture,
and (2) the occurrence of any event specified in Sections 501(4) (with respect to any of Sections 1005 through 1007, inclusive, and any other covenants specified in or pursuant to this
Indenture), 501(5) and 501(8) shall be deemed not to be or result in an Event of Default, in each case with respect to the Outstanding Securities of such series and any Coupons appertaining thereto as
provided in this Section on and after the date the conditions set forth in Section 1304 are satisfied (hereinafter called "Covenant Defeasance"). For this purpose, such Covenant Defeasance
means that the Company may omit to comply with and shall have no liability in respect of any term, condition or limitation set forth in any such specified Section (to the extent so specified in the
case of Section 501(4)), whether directly or indirectly by reason of any reference elsewhere herein to any such Section or by reason of any reference in any such Section to any other provision
herein or in any other document, but the remainder of this Indenture and the Securities of such series and any Coupons appertaining thereto shall be unaffected thereby. 

        Section 1304.    Conditions to Defeasance or Covenant Defeasance.    

        The
following shall be the conditions to application of either Section 1302 or Section 1303 to the Outstanding Securities and any Coupons appertaining thereto of any
Defeasible Series: 

        (1)  The
Company shall irrevocably have deposited or caused to be deposited with the Trustee (or another trustee that satisfies the requirements contemplated by
Section 609 and agrees to comply with the provisions of this Article Thirteen applicable to it) as trust funds in trust for the purpose of making the following payments, specifically pledged as
security for, and dedicated solely to, the benefit of the Holders of Outstanding Securities of such series and any Coupons appertaining thereto, (A) money in an amount, or (B) U.S.
Government Obligations that through the scheduled payment of principal and interest in respect thereof in accordance with their terms will provide, not later than one day before the due date of any
payment, money in an amount, or (C) a combination thereof, in each case sufficient, in the opinion of a nationally recognized firm of independent: public accountants expressed in a written
certification thereof delivered to the Trustee, to pay and discharge, and which shall be applied by the Trustee (or any such other qualifying trustee) to pay and discharge, the principal of and any
premium and interest on the Securities of such series and any Coupons appertaining thereto on the respective Stated Maturities, in accordance with the terms of this Indenture and the Securities of
such series and any Coupons appertaining thereto. As used herein, "U.S. Government Obligation" means (x) any security that is (i) a direct obligation of the United States of America for
the payment of which the full faith and credit of the United States of America is pledged or (ii) an obligation of a Person controlled or supervised by and acting as an agency or
instrumentality of the United States of America the payment of which is unconditionally guaranteed as a full faith and credit obligation by the United 

45

 

States of America, which, in either case (i) or (ii), is not callable or redeemable at the option of the issuer thereof, and (y) any depositary receipt issued by a bank (as defined in
Section 3(a)(2) of the Securities Act of 1933, as amended) as custodian with respect to any U.S. Government Obligation specified in Clause (x) and held by such custodian for the account
of the holder of such depositary receipt, or with respect to any specific payment of principal of or interest on any such U.S. Government Obligation, provided that (except as required by law) such
custodian is not authorized to make any deduction from the amount payable to the holder of such depositary receipt from any amount received by the custodian in respect of the U.S. Government
Obligation or the specific payment of principal or interest evidenced by such depositary receipt. 

        (2)  In
the case of an election under Section 1302, the Company shall have delivered to the Trustee an Opinion of Counsel stating that (A) the Company has
received from, or there has been published by, the Internal Revenue Service a ruling or (B) since the date first set forth hereinabove, there has been a change in the applicable Federal income
tax law, in either case (A) or (B) to the effect that, and based thereon such opinion shall confirm that, the Holders of the Outstanding Securities of such series and any Coupons
appertaining thereto will not recognize gain or loss for Federal income tax purposes as a result of the deposit, Defeasance and discharge to be effected with respect to the Securities of such series
and any Coupons appertaining thereto and will be subject to Federal income tax on the same amount, in the same manner and at the same times as would be the case if such deposit, Defeasance and
discharge were not to occur. 

        (3)  In
the case of an election under Section 1303, the Company shall have delivered to the Trustee an Opinion of Counsel to the effect that the Holders of the
Outstanding Securities of such series and any Coupons appertaining thereto will not recognize gain or loss for Federal income tax purposes as result
of the deposit and Covenant Defeasance to be effected with respect to the Securities of such series and any Coupons appertaining thereto and will be subject to Federal income tax on the same amount,
in the same manner and at the same times as would be the case if such deposit and Covenant Defeasance were not to occur. 

        (4)  The
Company shall have delivered to the Trustee an Officer's Certificate to the effect that the Securities of such series, if then listed on any securities exchange,
will not be delisted as a result of such deposit. 

        (5)  No
Event of Default or event that (after notice or lapse of time or both) would become an Event of Default shall have occurred and be continuing at the time of such
deposit or, with regard to any Event of Default or any such event specified in Sections 501(6) and (7), at any time on or prior to the 90th day after the date of such deposit (it being understood that
this condition shall not be deemed satisfied until after such 90th day). 

        (6)  Such
Defeasance or Covenant Defeasance shall not cause the Trustee to have a conflicting interest within the meaning of the Trust Indenture Act (assuming all Securities
are in default within the meaning of the such Act). 

        (7)  Such
Defeasance or Covenant Defeasance shall not result in a breach or violation of, or constitute a default under, any other agreement or instrument to which the
Company is a party or by which it is bound. 

        (8)  The
Company shall have delivered to the Trustee an Officer's Certificate and an Opinion of Counsel, each stating that all conditions precedent with respect to such
Defeasance or Covenant Defeasance have been complied with. 

        (9)  Such
Defeasance or Covenant Defeasance shall not result in the trust arising from such deposit constituting an investment company within the meaning of the Investment
Company Act of 1940, as amended, unless such trust shall be qualified under such Act or exempt from regulation thereunder. 

46

 

        Section 1305.    Deposited Money and U.S. Government Obligations to be Held in Trust; Other Miscellaneous
Provisions.    

        Subject
to the provisions of the last paragraph of Section 1003, all money and U.S. Government Obligations (including the proceeds thereof) deposited with the Trustee or other
qualifying trustee (solely for purposes of this Section and Section 1306, the Trustee and any such other trustee are referred to collectively as the "Trustee") pursuant to Section 1304
in respect of the Securities and any Coupons appertaining thereto of any Defeasible Series shall be held in trust and applied by the Trustee, in accordance with the provisions of the Securities of
such series and any Coupons appertaining thereto and this Indenture, to the payment, either directly or through any such Paying Agent (including the Company acting as its own Paying Agent) as the
Trustee may determine, to the Holders of Securities of such series and any Coupons appertaining thereto, of all sums due and to become due thereon in respect of principal and any premium and interest,
but money so held in trust need not be segregated from other funds except to the extent required by law. 

        The
Company shall pay and indemnify the Trustee against any tax, fee or other charge imposed on or assessed against the U.S. Government Obligations deposited pursuant to
Section 1304 or the principal and interest received in respect thereof other than any such tax, fee or other charge that by law is for the account of the Holders of Outstanding Securities and
any Coupons appertaining thereto. 

        Anything
in this Article Thirteen to the contrary notwithstanding, the Trustee shall deliver or pay to the Company from time to time upon Company Request any money or U.S. Government
Obligations held by it as provided in Section 1304 with respect to Securities and any Coupons appertaining thereto of any Defeasible Series that, in the opinion of a nationally recognized firm
of independent public accountants expressed in a written certification thereof delivered to the Trustee, are in excess of the amount thereof that would then be required to be deposited to effect an
equivalent Defeasance or Covenant Defeasance with respect to the Securities of such series and any Coupons appertaining thereto. 

        Section 1306.    Reinstatement.    

        If
the Trustee or the Paying Agent is unable to apply any money in accordance with this Article Thirteen with respect to the Securities of any series and any Coupons appertaining thereto
by reason of any order or judgment of any court or governmental authority enjoining, restraining or otherwise prohibiting such application, then the Company's obligations under this Indenture and the
Securities of such series and any Coupons appertaining thereto shall be revived and reinstated as though no deposit had occurred pursuant to this Article Thirteen with respect to Securities of such
series or any Coupons appertaining thereto until such time as the Trustee or Paying Agent is permitted to apply all money held in trust pursuant to Section 1305 with respect to Securities of
such series and any Coupons appertaining thereto in accordance with this Article Thirteen; provided, however, that if the Company makes any payment of
principal of or any premium or interest on any Security of such series or any Coupons appertaining thereto following the reinstatement of its obligations, the Company shall be subrogated to the rights
of the Holders of Securities of such series and any Coupons appertaining thereto to receive such payment from the money so held in trust. 

 
 

ARTICLE FOURTEEN    
    
    Meetings of Holders of Securities    
  

        Section 1401.    Purpose for Which Meetings May be Called.    

        A
meeting of Holders of Securities of any series may be called at any time and from time to time pursuant to this Article to make, give or take any request, demand, authorization,
direction, notice, consent, waiver or other action provided by this Indenture to be made, given or taken by Holders of Securities of such series. 

47

 

        Section 1402.    Call, Notice and Place of Meetings.    

        (a)  The
Trustee may at any time call a meeting of Holders of Securities of any series for any purpose specified in Section 1401, to be held at such time and at such
place in the Borough of Manhattan, The city of New York, or, if Securities of such series are to be issued as Bearer Securities, in London, as the Trustee shall determine. Notice of every meeting of
Holders of Securities of any series, setting forth the time and the place of such meeting and in general terms the action proposed to be taken at such meeting, shall be given, in the manner provided
in Section 106, not less than 21 nor more than 180 days prior to the date fixed for the meeting. The Trustee or the Company may fix, in advance of the giving of such notice, a date as
the record late for determining the Holders entitled to notice or to vote at any such meeting not more than 15 days prior to the date fixed for the giving of such notice. 

        (b)  In
case at any time the Company or the Holders of at least 101 in principal amount of the Outstanding Securities of any series shall have requested the Trustee to call a
meeting of the Holders of Securities of any series for any purpose specified in Section 1401, by written request setting forth in reasonable detail the action proposed to be taken at the
meeting, and the Trustee shall not have made the first publication of the notice of such meeting within 21 days after receipt of such request or shall not thereafter proceed to cause the
meeting to be held as provided herein, then the Company or the Holders of the Securities of such series in the amount above specified, as the case may be, may determine the time and the place in the
Borough of Manhattan, The City of New York, or, if Securities of such series are to be issued as Bearer Securities, in London for such meeting and may call such meeting for such purposes by giving
notice thereof as provided in subsection (a) of this Section. 

        Section 1403.    Persons Entitled to Vote at Meetings.    

        To
be entitled to vote at any meeting of Holders of Securities of any series, a Person shall be (1) a Holder of one or more Outstanding Securities of such series, or (2) a
Person appointed by an instrument in writing as proxy for a Holder or Holders of one or more Outstanding Securities of such series by such Holder or Holders. The only Persons who shall be entitled to
be present or to speak at any meeting of Holders of Securities of any series shall be the Persons entitled to vote at such meeting and their counsel, any representatives of the Trustee and its counsel
and any representatives of the Company and its counsel. 

        Section 1404.    Quorum; Action.    

        The
Persons entitled to vote a majority in principal amount of the Outstanding Securities of a series shall constitute a quorum for a meeting of Holders of Securities of such series. In
the absence of a quorum within 30 minutes after the time appointed for any such meeting, the meeting shall, if convened at the request of Holders of Securities of such series, be dissolved. In any
other case the meeting may be adjourned for a period of not less than 10 days as determined by the chairman of the meeting prior to the adjournment of such meeting. In the absence of a quorum
at any such adjourned meeting, such adjourned meeting may be further adjourned for a period of not less than 10 days as determined by the chairman of the meeting prior to the adjournment of
such adjourned meeting. Notice of the reconvening of any adjourned meeting shall be given as provided in Section 1402 (a), except that such notice need be given only once not less than five
days prior the date on which the meeting is scheduled to be reconvened. 

        Except
as limited by the proviso to Section 902, any resolution presented to a meeting or adjourned meeting duly reconvened at which a quorum is present as aforesaid may be
adopted only by the affirmative vote of the Holders of a majority in principal amount of the Outstanding Securities of that series, provided, however,
that, except as limited by the proviso to Section 902, any resolution with respect to any request, demand, authorization, direction, notice, consent, waiver or other action which this Indenture
expressly provides may be made, given or taken by the Holders of a specified 

48

 

percentage, which is less than a majority, in principal amount of the Outstanding Securities of a series may be adopted at a meeting or an adjourned meeting duly reconvened and at which a quorum is
present as aforesaid by the affirmative vote of the Holders of such specified percentage in principal amount of the Outstanding Securities of such series. 

        Any
resolution passed or decision taken at any meeting of Holders of Securities of any series duly held in accordance with this Section shall be binding on all the Holders of Securities
of such series and the Coupons appertaining thereto, whether or not present or represented at the meeting. 

        Section 1405.    Determination of Voting Rights; Conduct and Adjournment of
Meetings.    

        (a)  Notwithstanding
any other provisions of this Indenture, the Trustee may make such reasonable regulations as it may deem advisable for any meeting of Holders of
Securities of such series in regard to proof of the holding of Securities of such series and of the appointment of proxies and in regard to the appointment and duties of inspectors of votes, the
submission and examination of proxies, certificates and other evidence of the right to vote, and such other matters concerning the conduct of the meetings as it shall deem appropriate. Except as
otherwise permitted or required by any such regulations, the holding of Securities shall be proved in the manner specified in Section 104 or by having the signature of the person executing the
proxy witnessed or guaranteed by any trust company, bank or banker authorized by Section 104 to certify to the holding of Bearer Securities. Such regulations may provide that written
instruments appointing proxies. regular on their face, may be presumed valid and genuine without the proof specified in Section 104 or other proof. 

        (b)  The
Trustee shall, by an instrument in writing, appoint a temporary chairman of the meeting, unless the meeting shall have been called the Company or by Holders of
Securities as provided in Section 1402 (b), in which case the Company or the Holders of Securities of the series calling the meeting, as the case may be, shall in like manner appoint a
temporary chairman. A permanent chairman and a permanent secretary of the meeting shall be elected by vote of the Persons entitled to vote a majority in principal amount of the Outstanding Securities
of such series represented at the meeting. 

        (c)  At
any meeting each Holder of a Security of such series or proxy shall be entitled to one vote for each $1,000 principal amount of Securities of such series held or
represented by him; provided, however, that no vote shall be cast or counted at any meeting in respect of any Security challenged as not Outstanding and
ruled by the chairman of the meeting to be not Outstanding. The chairman of the meeting shall have no right to vote, except as a Holder of a Security of such series or proxy. 

        (d)  Any
meeting of Holders of Securities of any series duly called pursuant to Section 1402 at which a quorum is present may be adjourned from time to time by Persons
entitled to vote a majority in principal amount of the Outstanding Securities of such series represented at the meeting; and the meeting may be held as so adjourned without further notice. 

        Section 1406.    Counting Votes and Recording Action of Meetings.    

        The
vote upon any resolution submitted to any meeting of Holders of Securities of any series shall be by written ballots on which shall be subscribed the signatures of the Holders of
Securities of such series or of their representatives by proxy and the principal amounts and serial numbers of the Outstanding Securities of such series held or represented by them. The permanent
chairman of the meeting shall appoint two inspectors of votes, who shall count all votes cast at the meeting for or against any resolution and who shall make and file with the secretary of the meeting
their verified written reports in triplicate of all votes cast at the meeting. A record, at least in triplicate, of the proceedings of each meeting of Holders of Securities of any series shall be
prepared by the secretary of the meeting and
there shall be attached to said record the original reports of the inspectors of votes on any vote by ballot taken thereat and affidavits by one or more persons having knowledge of the facts setting
forth a copy of the notice of the meeting and showing that said notice was given as provided in 

49

 

Section 1402 and, if applicable, Section 1404. Each copy shall be signed and verified by the affidavits of the permanent chairman and secretary of the meeting and one such copy shall be
delivered to the Company, and another to the Trustee to be preserved by the Trustee, the latter to have attached thereto the ballots voted at the meeting. Any record so signed and verified shall be
conclusive evidence of the matters therein stated. 

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

        IN
WITNESS WHEREOF, the parties hereto have caused this Indenture to be duly executed, and their respective corporate seals to be hereunto affixed and attested, all as of the day and
year first above written. 

	 	 	DOLE FOOD COMPANY, INC.
	

 	
 	

By:	
 	

/s/  ALAN B. SELLERS      
 Alan B. Sellers

Executive Vice President
	

Attest:	
 	

 	
 	

 
	

/s/  FREYA MANEKI      
 Freya Maneki

Assistant Corporate Secretary	
 	

 	
 	

 
	

 	
 	

CHEMICAL TRUST COMPANY OF CALIFORNIA
	

 	
 	

By:	
 	

/s/  HANS S. HELLEY      
 Hans S. Helley

Assistant Vice President
	

Attest:	
 	

 	
 	

 
	

/s/  PAULA OSWALD      
 Paula Oswald

	
 	

 	
 	

 

50

 

        IN
WITNESS WHEREOF, the parties hereto have caused this Indenture to be duly executed, and their respective corporate seals to be hereunto affixed and attested, all as of the day and
year first above written. 

	 	 	DOLE FOOD COMPANY, INC.
	

 	
 	

By:	
 	

 Executive Vice President
	

Attest:	
 	

 	
 	

 
	

 Assistant Corporate Secretary	
 	

 	
 	

 
	 	 	CHEMICAL TRUST COMPANY OF CALIFORNIA
	

 	
 	

By:	
 	

	

Attest:	
 	

 	
 	

 
	

	
 	

 	
 	

 

51

QuickLinks

TABLE OF CONTENTS

PARTIES

RECITALS OF THE COMPANY

ARTICLE ONE Definitions and Other Provisions of General Application

ARTICLE TWO Security Forms

ARTICLE THREE The Securities

ARTICLE FOUR Satisfaction and Discharge

ARTICLE FIVE Remedies

ARTICLE SIX The Trustee

ARTICLE SEVEN Holders' Lists and Reports by Trustee and Company

ARTICLE EIGHT Consolidation, Merger, Conveyance, Transfer or Lease

ARTICLE NINE Supplemental Indentures

ARTICLE TEN Covenants

ARTICLE ELEVEN Redemption of Securities

ARTICLE TWELVE Sinking Funds

ARTICLE THIRTEEN Defeasance and Covenant Defeasance

ARTICLE FOURTEEN Meetings of Holders of SecuritiesQuickLinks
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Exhibit 4.9  

DOLE FOOD COMPANY, INC.,  

as Issuer, 

and 

J.P. MORGAN TRUST COMPANY, NATIONAL ASSOCIATION,  

as Trustee 

FIRST SUPPLEMENTAL INDENTURE  

Dated as of April 30, 2002 

Supplementing
the Trust Indenture Dated as of July 15, 1993 

$400,000,000 

71/4%
Notes due 2009 

  

        FIRST SUPPLEMENTAL INDENTURE, dated as of April 30, 2002, between DOLE FOOD COMPANY, INC., a Delaware corporation (the "Company"), and J.P. Morgan Trust Company, National
Association (formerly known as the Chase Manhattan Bank and Trust Company, National Association, and formerly known as Chemical Trust Company of California), having its principal corporate trust
office in San Francisco, California, as trustee (the "Trustee"). 

 
 

RECITALS    
  

        WHEREAS, the Company has heretofore executed and delivered to the Trustee an Indenture, dated as of July 15, 1993 (the "Original Indenture" and, together
with the Officers' Certificate under Sections 102, 201, 301 and 303 of the Original Indenture, dated as of October 6, 1998 (the "1998 Officers' Certificate"), the Officers' Certificate under
Section 201, 301 and 303 of the Original Indenture dated as of August 3, 1993 (the "1993 Officers' Certificate") and this First Supplemental Indenture, the "Indenture"), providing for
the issuance by the Company from time to time of its unsecured debt securities to be issued in one or more series (in the Original Indenture and herein called the "Securities"); 

        WHEREAS,
Section 301 of the Original Indenture provides for various matters with respect to any series of Securities issued under the Original Indenture to be established in an
indenture supplemental to the Indenture; 

        WHEREAS,
Section 901(5) of the Original Indenture provides for certain changes in the Indenture with respect to any series of Securities issued under the Original Indenture,
provided that such changes do not affect any outstanding Securities under the Original Indenture; 

        WHEREAS,
Section 901(6) of the Original Indenture provides for the Company and the Trustee to enter into an indenture supplemental to the Original Indenture to establish the form
or terms of Securities of any series as permitted by Sections 201 and 301 of the Original Indenture; 

        WHEREAS,
the Company, in the exercise of the power and authority conferred upon and reserved to it under the provisions of the Original Indenture, has duly determined to make, execute
and deliver to the Trustee this First Supplemental Indenture to the Original Indenture in order to establish the form
and terms of, and to provide for the creation and issue of, a series of Securities designated as the "71/4% Senior Notes due 2009" (the "Notes") under the Original Indenture in the
initial aggregate principal amount of $400,000,000; and 

        WHEREAS,
all things necessary to make the Notes, when executed by the Company and authenticated and delivered by the Trustee or any Authenticating Agent and issued upon the terms and
subject to the conditions hereinafter and in the Indenture set forth against payment therefor, the valid, binding and legal obligations of the Company and to make this First Supplemental Indenture a
valid, binding and legal agreement of the Company, have been done; 

        NOW,
THEREFORE, THIS FIRST SUPPLEMENTAL INDENTURE WITNESSETH that, in order to establish the terms of a series of Securities designated as the "71/4% Senior Notes due
2009", and for and in consideration of the premises and of the covenants contained in the Original Indenture and in this First Supplemental Indenture and for other good and valuable consideration, the
receipt and sufficiency of which are hereby acknowledged, it is mutually covenanted and agreed as follows: 

 
 

ARTICLE ONE
  
    DEFINITIONS AND OTHER PROVISIONS OF GENERAL APPLICATION    
  

        Section 101.    Definitions.    Each capitalized term that is used herein and is defined in the Original
Indenture shall have the meaning specified in the Original Indenture unless such term is otherwise defined herein. 

2

 

        "Additional
Interest" means all Additional Interest then owing under Section 2(e) of the Registration Rights Agreement. 

        "Attributable
Debt" means, as to any particular lease under which the Company or any Restricted Subsidiary is at the time liable and at any date as of which the amount thereof is to be
determined, the total net amount of rent required to be paid under that lease during its remaining term (including any period for which the lease has been extended or may, at the option of the lessor,
be extended), discounted from the respective due dates thereof to such date at a rate per year equal to the weighted average interest rate per year borne by the Securities of each series outstanding
pursuant to the Indenture compounded semiannually. The net amount of rent required to be paid under any such lease for any such period shall be the aggregate amount of the rent payable by the lessee
with respect to that period after excluding amounts required to be paid on account of maintenance and repairs, insurance,
taxes, assessments, water rates and similar charges. In the case of any lease which is terminable by the lessee upon the payment of a penalty, the net amount shall also include the amount of the
penalty, but no rent shall be considered as required to be paid under the lease subsequent to the first date upon which it may be so terminated. 

        "Business
Day" shall mean any day, other than a Saturday or Sunday, that is neither a legal holiday nor a day on which commercial banks are authorized or required by law, regulation or
executive order to close in The City of New York or San Francisco, California. 

        "Certificated
Note" means any Note other than a Global Note. 

        "Clearstream"
means Clearstream Banking, société anonyme, or any successor thereto. 

        "Closing
Date" shall mean the date on which the Notes are originally issued under this First Supplemental Indenture. 

        "Commission"
shall mean the United States Securities and Exchange Commission or any successor agency or government body performing the functions currently performed by the United States
Securities and Exchange Commission. 

        "CUSIP
Number" means the alphanumeric designation assigned to a Note by Standard & Poor's CUSIP Service Bureau. 

        "Depositary"
has the meaning set forth in Section 210(a) hereof. 

        "Distribution
Compliance Period" means the 40 calendar days after the Closing Date, except that all offers and sales by a distributor (as defined in Regulation S) of an unsold
allotment or subscription shall be deemed to be made during the "Distribution Compliance Period". 

        "DTC"
shall mean The Depository Trust Company or any successor Depositary with respect to the Global Notes. 

        "DTC
Participant" shall mean any person that has an account with DTC through which beneficial owners acquire and hold an interest in the Notes. 

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

        "Exchange
Notes" means any debt securities of the Company to be offered to Holders of Notes in exchange for the Notes pursuant to the Exchange Offer or otherwise pursuant to a
Registration of Notes containing terms identical in all material respects to the Notes for which they are exchanged, except that (i) interest on the Exchange Notes shall accrue from the last
date on which interest was paid on the Notes or, if no such interest has been paid, from the Closing Date and (ii) the Exchange Notes will not contain terms with respect to transfer
restrictions, minimum purchase or the payment of Additional Interest upon the occurrence of a Registration Default. 

3

 

        "Exchange
Offer" means the exchange offer by the Company of Exchange Notes for Notes pursuant to the Registration Rights Agreement. 

        "Exchange
Offer Registration Statement" means a Registration Statement of the Company under the Securities Act registering Exchange Notes for distribution pursuant to the Exchange Offer. 

        "Funded
Debt" means (i) all Indebtedness of the Company and the Restricted Subsidiaries maturing on, or renewable or extendible at the option of the obligor to, a date more than
one year from the date of the determination thereof that is or would be classified as long-term debt on a balance sheet prepared in accordance with generally accepted accounting principles
(including Indebtedness under any revolving credit arrangement with banks), (ii) guarantees, direct or indirect, and other contingent obligations of the Company and the Restricted Subsidiaries
in respect of, or to purchase or otherwise acquire or be responsible or liable for (through the investment of funds or otherwise), any Indebtedness of others (but not including contingent liabilities
on customers' receivables sold with recourse) and (iii) amendments, renewals, extensions and refunding of any such Indebtedness. 

        "Global
Note" means a Note bearing the legend specified in Section 202 of the Original Indenture evidencing all or part of the Notes, issued to the Depositary or its nominee with
respect to such Notes and registered in the name of such Depositary or nominee. 

        "Indebtedness"
means, with respect to any person, every obligation of such person for money borrowed or evidenced by bonds, debentures, notes or other similar instruments, whether or not
for money borrowed or given in connection with the acquisition of any business, properties or assets, including securities. 

        "Indenture"
shall have the meaning specified in the second paragraph of the recitals of this First Supplemental Indenture. 

        "Initial
Purchasers" shall mean Banc of America Securities LLC, Credit Suisse First Boston Corporation, Commerzbank Capital Markets Corp., Deutsche Bank Securities Inc., Salomon
Smith Barney Inc. and Scotia Capital (USA) Inc., as initial purchasers pursuant to the Purchase Agreement, dated April 25, 2002, among the Company and the Initial Purchasers. 

        "Institutional
Accredited Investor" shall mean an institution that is an "accredited investor" as that term is defined in Rule 501(a)(1), (2), (3) or (7) under the
Securities Act. 

        "Lien"
means, with respect to any property or assets, any mortgage, pledge, security interest, lien, conditional sale or other title retention agreement or other similar encumbrance. 

        "Make-Whole
Amount" means, in connection with any optional redemption of Notes, the excess, if any, of (a) the aggregate present value as of the date of such
redemption of each dollar of principal being redeemed and the amount of interest, exclusive of interest accrued to the date of redemption, that would have been payable in respect of each such dollar
if such redemption had not been made, determined by discounting, on a semiannual basis, such principal and interest at the Reinvestment Rate, determined on the third business day in The City of New
York preceding the date notice of such redemption is given, from the respective dates on which such principal and interest would have been payable if such redemption had not been made, to the date of
redemption, over (b) the aggregate principal amount of the Notes being redeemed. 

        "Net
Tangible Assets" means the net book value of all assets of the Company and the Restricted Subsidiaries, excluding any amount carried as assets for shares of capital stock held in
treasury, debt discount and expense, investments in and advances to Subsidiaries other than Restricted Subsidiaries, goodwill, patents and trademarks, less all liabilities of the Company and of the
Restricted Subsidiaries (except Funded Debt, minority interests in Restricted Subsidiaries, deferred taxes and general contingency reserves of the Company and of the Restricted Subsidiaries), all as
determined on a consolidated basis in accordance with generally accepted accounting principles. 

4

 

        "1993
Officers' Certificate" has the meaning set forth in the first paragraph of the Recitals of this First Supplemental Indenture. 

        "1998
Officers' Certificate" has the meaning set forth in the first paragraph of the Recitals of this First Supplemental Indenture. 

        "Nonrecourse
Obligation" means indebtedness or lease payment obligations substantially related to (i) the acquisition of assets not previously owned by the Company or any of the
Company's Restricted Subsidiaries or (ii) the financing of a project involving the development or expansion of the Company's properties or any properties of the Restricted Subsidiaries, as to
which the obligee with respect to such indebtedness or obligation has no recourse to the Company's general corporate funds or the general corporate funds of any of the Restricted Subsidiaries or any
of the Company's assets or any assets of the Restricted Subsidiaries other than the assets that were acquired with the proceeds of such transaction or the project financed with the proceeds of such
transaction (and funds generated by such assets or project) except pursuant to a covenant to pay to such obligee or to the obligor of such indebtedness or obligation an amount equal to all or a
portion of the amount of any dividends received from such obligor within the previous twelve months. 

        "Notes"
shall mean any of the Securities, defined as Notes in the fifth paragraph of the recitals hereof, that are authenticated and delivered under this First Supplemental Indenture.
For all purposes of this First Supplemental Indenture, the term "Notes" shall include the Notes initially issued on the Closing Date and any Exchange Notes to be issued and exchanged for any Notes
pursuant to the Registration Rights Agreement and this First Supplemental Indenture. The term "Notes" shall also include Notes issued after the Closing Date and designated in a Board Resolution,
Officers' Certificate or supplemental indenture as being part of the same series as the Notes issued on the Closing Date and any Exchange Notes issued and exchanged for any such Notes. For purposes of
this First Supplemental Indenture and the Indenture, all Notes shall vote together as one series of Securities. 

        "Original
Indenture" shall have the meaning specified in the first paragraph of the recitals of this First Supplemental Indenture. 

        "Principal
Property" means any manufacturing plant or processing facility, including the equipment constituting a part thereof, which is located within the United States or its
territories or possessions, of the Company or a Restricted Subsidiary, having a net book value exceeding 1% of Net Tangible Assets. 

        "Prospectus"
shall mean the prospectus included in a Registration Statement, including any preliminary prospectus, and any such prospectus as amended or supplemented by any prospectus
supplement, including any such prospectus supplement with respect to the terms of the offering of any portion of the Registrable Securities covered by a Shelf Registration Statement, and by all other
amendments and supplements to a prospectus, including post-effective amendments, and in each case including all material incorporated by reference therein. 

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

        "Registrable
Note" shall mean any Note which shall be deemed a "Registrable Security" for purposes of the Registration Rights Agreement. 

        "Registration"
means a registered exchange offer for the Notes by the Company pursuant to the Exchange Offer Registration Statement or other registration for resale of the Notes under
the Securities Act pursuant to a Shelf Registration Statement, in each case in accordance with the terms of the Registration Rights Agreement. 

        "Registration
Rights Agreement" shall mean the Registration Rights Agreement, dated as of April 30, 2002, among the Company and the Initial Purchasers. 

        "Registration
Default" has the meaning set forth in the Registration Rights Agreement. 

5

  

        "Registration Statement" shall mean any registration statement of the Company filed with the Commission pursuant to the Securities Act which covers any of the Exchange Notes or
Registrable Notes pursuant to the provisions of the Registration Rights Agreement, and all amendments and supplements to any such Registration Statement, including post-effective
amendments, in each case including the Prospectus contained therein, all exhibits thereto and all material incorporated by reference therein. 

        "Regular
Record Date" has the meaning set forth in Section 204 hereof. 

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

        "Regulation S
Global Note" has the meaning set forth in Section 210(b) hereof. 

        "Reinvestment
Rate" means 0.375% plus the arithmetic mean of the yields under the heading "Week Ending" published in the most recent Statistical Release under the caption "Treasury
Constant Maturities" for the maturity, rounded to the nearest month, corresponding to the remaining life to maturity, as of the redemption date, of the principal of the Notes being redeemed. If no
maturity exactly corresponds to such maturity, yields for the two published maturities most closely corresponding to such maturity shall be calculated pursuant to the immediately preceding sentence
and the Reinvestment Rate shall be interpolated or extrapolated from such yields on a straight-line basis, rounding in each of such relevant periods to the nearest month. For the purposes
of calculating the Reinvestment Rate, the most recent Statistical Release published prior to the date of determination of the Make-Whole Amount shall be used. If the format or content of
the Statistical Release changes in a manner that precludes determination of the Treasury yield in the above manner, then the Treasury yield shall be determined in the manner that most closely
approximates the above manner, as reasonably determined by the Company. 

        "Resale
Restriction Termination Date" has the meaning set forth in the Restrictive Legend. 

        "Restricted
Subsidiary" means any Subsidiary of the Company, other than any Subsidiary that is engaged primarily in the management, development and sale or financing of real property. 

        "Restricted
Certificated Note" has the meaning set forth in Section 210(c) hereof. 

        "Restrictive
Legend" shall mean the legend set forth on the face of the Notes attached as Exhibits A and B. 

        "Rule 144A"
shall mean Rule 144A under the Securities Act. 

        "Rule 144A
Global Note" has the meaning set forth in Section 210(a) hereof. 

        "Sale
and Leaseback Transaction" of any person means an arrangement with any bank, insurance company or other lender or investor, or to which any such bank, company, lender or investor
is a party, providing for the leasing by the Company or any Restricted Subsidiary of any Principal Property that has been or is to be sold or transferred more than 180 days after the latest of
the acquisition, completion of construction or commencement of full operation by the Company or any Restricted Subsidiary to such bank, insurance company, lender or investor, or to any person to whom
funds have been or are to be advanced by such bank, insurance company, lender or investor on the security of such Principal Property. 

        "Securities
Act" shall mean the Securities Act of 1933, as amended from time to time. 

        "Senior
Funded Debt" means all Funded Debt except Subordinated Funded Debt. 

        "Shelf
Registration Statement" means a shelf registration statement under the Securities Act filed by the Company, if required by, and meeting the requirements of, the Registration
Rights Agreement, registering Notes for resale. 

6

 

        "Stated
Maturity Date" shall have the meaning specified in Section 203 hereof and shall constitute the "Stated Maturity" of the principal of the Notes as such term is defined in
Section 101 of the Original Indenture. 

        "Statistical
Release" means the statistical release designated "H.15(519)" or any successor publication which is published weekly by the Federal Reserve System and which reports yields
on actively traded United States government securities adjusted to constant maturities, or, if such statistical release is not published at the time of any required determination under the indenture,
then such other reasonably comparable index which shall be designated by the Company. 

        "Subordinated
Funded Debt" means any of the Company's unsecured Funded Debt that is expressly made subordinate and junior in rank and right of payment to any Securities of each series
outstanding under the Indenture in the event of any insolvency or bankruptcy proceedings, and any receivership, liquidation, reorganization or other similar proceedings relative to the Company or the
Company's creditors, as such, or to our property, or in the event of any proceedings for the Company's voluntary liquidation, dissolution or other winding up, whether or not involving insolvency or
bankruptcy. 

        "Subsidiary"
means a corporation more than 50% of the outstanding voting stock of which is owned, directly or indirectly, by the Company or by one or more other Subsidiaries, or by the
Company and one or more other Subsidiaries. For the purposes of this definition, "voting stock" means stock that ordinarily has voting power for the election of directors, whether at all times or only
so long as no senior class of stock has such voting power by reason of any contingency. 

        "Trustee"
shall mean J.P. Morgan Trust Company, National Association (as successor in interest to the Chase Manhattan Bank and Trust Company, National Association, and Chemical Trust
Company of California). 

        "Unrestricted
Certificated Note" means any Certificated Note other than a Restricted Certificated Note. 

        "Unrestricted
Global Note" means any Global Note evidencing Exchange Notes or received in the Exchange Offer, Notes transferred pursuant to an effective Shelf Registration Statement or
Notes issued without the Restrictive Legend after the Resale Restriction Termination Date. 

        Section 102.  Section References. Each reference to a particular section set forth in this First Supplemental Indenture shall,
unless the context otherwise requires, refer to this First Supplemental Indenture. 

 
 

ARTICLE TWO    
  

 
  TITLE AND TERMS OF THE NOTES    
  

        Section 201.    Title of the Notes.    Pursuant to Sections 301 and 901 of the Original Indenture, this First
Supplemental Indenture hereby establishes a series of Securities designated as the "71/4% Senior Notes due 2009" of the Company. For purposes of the Original Indenture, the Notes shall
constitute a single series of Securities. 

        Section 202.    Limitation on Aggregate Principal Amount.    The aggregate principal amount of the Notes that
may be issued under this First Supplemental Indenture is limited initially to $400,000,000 and the aggregate principal amount of Exchange Notes to be issued in the Exchange Offer is $400,000,000;
provided that (i) additional Notes (and Exchange Notes issued in respect of such Notes) may be issued after the Closing Date as part of the same series of Securities as the Notes issued under
this First Supplemental Indenture, if so designated in a Board Resolution, Officers' Certificate or supplemental indenture executed and delivered after the Closing Date, and (ii) the limitation
on the total aggregate principal amount of Notes set forth in this Section 202 shall not apply to such 

7

 

additional Notes (and Exchange Notes). Except as provided in this Section 202 and Section 306 of the Original Indenture (and the terms of any Board Resolution, Officers' Certificate or
supplemental indenture executed and delivered after the Closing Date), the Company shall not execute and the Trustee shall not authenticate or deliver Notes or Exchange Notes in excess of the
aggregate principal amounts. Nothing contained in this Section 202 or elsewhere in this First Supplemental Indenture, or in the Notes, is intended to or shall limit execution by the Company or
authentication or delivery by the Trustee of Notes under the circumstances contemplated by Sections 303, 304, 305, 306, 906 or 1107 of the Original Indenture. 

        Section 203.    Maturity of the Notes.    The Stated Maturity Date on which the principal of the Notes shall be
due and payable will be May 1, 2009. 

        Section 204.    Interest and Interest Rates.    The Notes will pay interest thereon from April 30, 2002
or from the most recent "Interest Payment Date" to which interest has been paid or duly provided for, semiannually on May 1 and November 1
of each year, commencing November 1, 2002, and on the Stated Maturity Date or date of any earlier redemption (if other than an Interest Payment Date), at the rate of 7.25% per annum, until the
principal of the Notes is paid or duly provided for; provided that if any Registration Default with respect to the Notes occurs under the Registration
Rights Agreement, then the Company shall also pay the Additional Interest, if any, payable pursuant to Section 2(e) of the Registration Rights Agreement on such Interest Payment Dates or Stated
Maturity Date or date of any earlier redemption (if other than an Interest Payment Date). The interest so payable, and punctually paid or duly provided for, on any Interest Payment Date will, as
provided in the Indenture, be paid to the person in whose name the Notes (or one or more Predecessor Notes) are registered at the close of business on the "Regular Record
Date" for such interest, which shall be the April 15 or October 15
(whether or not a Business Day), as the case may be, next preceding such Interest Payment Date. Any such interest not so punctually paid or duly provided for shall forthwith cease to be payable to the
Holder on such Regular Record Date and shall be payable as provided in the Indenture. 

        Section 205.    Place of Payment.    The place or places where the principal of and interest on the Notes shall
be payable is at the agency of the Trustee maintained for that purpose at the office of J.P. Morgan Trust Company, National Association, 55 Water Street, North Building, Securities Window, Second
Floor, New York, New York 10041 or c/o JPMorgan Chase Bank, 2001 Bryan Street, 9th Floor, Dallas, Texas 75201, provided, however, that payment of interest on an Interest Payment Date may
be made at the option of the Company by check mailed to the address of the person entitled thereto as such address shall appear in the Security Register; provided, further, that all payments due on
the Stated Maturity Date or date of any earlier redemption in respect of principal of and (unless such date is also an Interest Payment Date) interest on the Notes shall be made by the Company in
immediately available funds against presentation and surrender thereof; and provided, further, that the Depositary, or its nominee, as holder of the Global Notes, shall be entitled to receive payments
of interest by wire transfer of immediately available funds. 

        Section 206.    Optional Redemption.    The Notes are redeemable at any time in whole, or from time to time in
part, at a Redemption Price equal to the sum of 100% of the aggregate principal amount of the Notes being redeemed, accrued but unpaid interest on those Notes to the Redemption Date and the
Make-Whole Amount, if any; provided, however, that installments of interest on Notes due on an Interest Payment Date that occurs on or before any Redemption Date shall be payable to the
Holders of such Notes as of the close of business on the Regular Record Date immediately preceding such Interest Payment Date. 

        Section 207.    Sinking Fund.    The Notes will not be subject to any sinking fund provision or to repayment of
the Notes prior to the Stated Maturity Date at the option of the Note holders. 

8

 

        Section 208.    Defeasance.    The provisions of Sections 1302 and 1303 of the Original Indenture, together
with the other provisions of Article Thirteen of the Original Indenture, shall be applicable to the Notes. The provisions of Section 1303 of the Original Indenture shall apply to the covenants
set forth in Section 209 of this First Supplemental Indenture (and to events of default with respect to such covenants) and to those covenants and events of default specified in
Section 1303 of the Original Indenture. 

        Section 209.    Additional Covenants.    The following provisions set forth below as Sections 1008 and 1009
shall apply to the Notes as if such provisions had been included in the Original Indenture as Sections 1008 and 1009, respectively: 

        "Section 1008.    Limitation Upon Liens.

        The
Company will not itself, and will not permit any Restricted Subsidiary to, directly or indirectly, create, incur, issue, assume, guarantee or otherwise become liable for or suffer to
exist any Indebtedness secured by a Lien on (i) any Principal Property of the Company or any Restricted Subsidiary or (ii) any shares of capital stock or Indebtedness of any Restricted
Subsidiary (which Indebtedness is then held by the Company or any Restricted Subsidiary), without effectively providing that the Notes (together with, if the Company shall so determine, any other
Indebtedness of the Company or such Restricted Subsidiary then existing or thereafter created which is not Subordinated Debt) shall be secured equally and ratably with (or, at the option of the
Company, prior to) such secured Indebtedness, so long as such secured Indebtedness shall be so secured, unless immediately thereafter, after giving effect thereto, the aggregate amount of all such
secured indebtedness plus all Attributable Debt of the Company and its Restricted Subsidiaries in respect of Sale and Leaseback Transactions (but excluding leases exempt from the prohibition of
Section 1009 by Clauses (2) through (6) thereof) would not exceed 10% of Net Tangible Assets; provided, however, that this Section 1008 shall not apply to, and there shall
be excluded from secured Indebtedness in any computation under this Section 1008, Indebtedness secured by: 

	1.
	Liens
on, and limited to, property of or shares of capital stock or Indebtedness of any corporation existing at April 30, 2002 or at the time such corporation becomes a
Restricted Subsidiary;

	2.
	Liens
in favor of the Company or any Restricted Subsidiary;

	3.
	Liens
in favor of any governmental body to secure progress, advance or other payments pursuant to any contract or provision of any statute;

	4.
	(i) if
made in the ordinary course of business, any Lien as security for the performance of any contract or undertaking not directly or indirectly in connection with the
borrowing of money or the securing of Indebtedness, or (ii) any Lien with any governmental agency required or permitted to qualify the Company or any Restricted Subsidiary to conduct business,
to maintain self-insurance or to obtain the benefits of any law pertaining to workmen's compensation, employment insurance, old age pensions, social security or similar matters;

	5.
	Liens
for taxes, assessments or governmental charges or levies if such taxes, assessments, governmental charges or levies shall not at the time be due and payable, or if the same
thereafter can be paid without penalty, or if the same are being contested in good faith by appropriate proceedings;

	6.
	Liens
created by or resulting from any litigation or legal proceeding which at the time is currently being contested in good faith by appropriate proceedings, or Liens arising out of
judgments or awards as to which the time for prosecuting an appeal or proceeding for review has not expired;

	7.
	Liens
on, and limited to, property (including leasehold estates) or shares of capital stock or Indebtedness, existing at the time of acquisition thereof (including acquisition through
merger or consolidation) or to secure the payment of all or any part of the purchase price thereof or 

9

 

construction
thereon or to secure any Indebtedness incurred prior to, at the time of, or within 120 days after the latest of the acquisition, the completion of construction or the commencement
of full operation of such property for the purpose of financing all or any part of the purchase price thereof or construction thereon; 

	8.
	Liens
securing obligations issued by a state, territory or possession of the United States, of any political subdivision of any of the foregoing or the District of Columbia, to finance
the acquisition or construction or development of property, and on which the interest is not, in the opinion of tax counsel of recognized standing or in accordance with a ruling issued by the Internal
Revenue Service, includible (in whole or in part) in gross income of the holder by reason of Section 103(a)(1) of the Internal Revenue Code (or any successor to such provision) as in effect at
the time of the issuance of such obligations;

	9.
	Liens
created in connection with a project financed with, and created to secure, a Nonrecourse Obligation; or

	10.
	any
extension, renewal or replacement (or successive extensions, renewals or replacements), as a whole or in part, or any Lien referred to in the foregoing Clauses (1) through
(9), to the extent the Indebtedness secured by such Lien is not increased from the amount originally so secured, provided that such extension, renewal or replacement Lien shall be limited to all or a
part of the same property or shares of capital stock or Indebtedness that secured the Lien extended, renewed or replaced (plus improvements on such property). 

10

   
        Section 1009.    Limitation Upon Sale and Leaseback Transactions.

        Except
as hereinafter provided, the Company will not itself, and will not permit any Restricted Subsidiary to, enter into any Sale and Leaseback Transaction; provided, however, that this
covenant shall not apply to any Sale and Leaseback Transaction if: 

	(1)
	the
Company or such Restricted Subsidiary could create Indebtedness secured by a Lien pursuant to Section 1008, excluding from secured Indebtedness in any computation under
that Section Indebtedness secured by Liens of the type described in Clauses (1) through (10) thereof, on the Principal Property to be leased in an amount equal to the Attributable Debt
with respect to such Sale and Leaseback Transaction without equally and ratably securing the Notes, or

	(2)
	the
Company or a Restricted Subsidiary, within 180 days after the sale or transfer shall have been made by the Company or by a Restricted Subsidiary, applies an amount equal to
the greater of the net proceeds from the sale of the Principal Property leased pursuant to such arrangement or the fair market value of the Principal Property so leased at the time of entering into
such arrangement (as determined in any manner approved by the Board of Directors) to either (x) the retirement of Senior Funded Debt of the Company or Funded Debt of a Restricted Subsidiary;
provided, however, that notwithstanding the foregoing, no retirement referred to in this Clause (2) may be effected by payment at maturity or pursuant to any mandatory sinking fund payment or
any mandatory prepayment provision, or (y) purchase of other property which will constitute Principal Property of the Company or its Restricted Subsidiaries having a fair market value, in the
opinion of the Board of Directors of the Company, at least equal to the fair market value of the Principal Property leased in such Sale and Leaseback Transaction, or

	(3)
	the
lease in such Sale and Leaseback Transaction is for a period, including renewals, of no more than three years, or

	(4)
	the
lease in such Sale and Leaseback Transaction secure or relates to obligations issued by a state, territory or possession of the United States, or any political subdivision of any
of the foregoing, or the District of Columbia, to finance the acquisition or construction of property, and on which the interest is not, in the opinion of tax counsel of recognized standing or in
accordance with a ruling issued by the Internal Revenue Service, includible (in whole or in part) in gross income of the holder by reason of
Section 103(a)(1) of the Internal Revenue Code (or any successor to such provision) as in effect at the time of the issuance of such obligations, or

	(5)
	the
lease payment obligation is created in connection with a project financed with, and such obligation constitutes, a Nonrecourse Obligation, or

	(6)
	such
arrangement is between the Company and a Restricted Subsidiary or between Restricted Subsidiaries." 

        Section 210.    Specific Global and Certificated Note Forms.    (a)    Except as otherwise provided
herein, Notes offered and sold as part of their initial offering and sale to QIBs shall be issued in the form of one or more Global Notes (each a "Rule 144A Global
Note") in definitive, fully registered form without coupons, substantially in the form set forth in Exhibit B, with such
applicable legends as are provided for herein. Such Global Notes shall be registered in the name of Cede & Co. or another nominee designated by DTC and delivered to the Trustee, at its
Corporate Trust Office in San Francisco as custodian for DTC, as duly executed by the Company and authenticated by the Trustee as provided in the Original Indenture. The aggregate principal amount of
any Rule 144A Global Note may from time to time be increased or decreased by adjustments made on the records of the Trustee, as custodian for DTC for such Global Note, as provided in
Section 210(e) hereof. The "Depositary" for the Global Notes shall be DTC or such other person as shall be designated by the Company as
Depositary for the Company pursuant to Section 305 of the Original Indenture. 

11

 

        (b)    Except
as otherwise provided herein, Notes offered and sold as part of their initial offering and sale in reliance on Regulation S shall be issued in the form of
one or more Global Notes in definitive, fully registered form without coupons, substantially in the form set forth in Exhibit B, with such
applicable legends as are provided for herein. Such Global Notes shall be registered in the name of Cede & Co. or another nominee designated by DTC and delivered to the Trustee, at its
Corporate Trust Office in San Francisco as custodian for DTC, duly executed by the Company and authenticated by the Trustee as herein provided, for credit by DTC to the respective accounts of
beneficial owners of such Notes (or such accounts as they may direct), which, during the Distribution Compliance Period, will only be Euroclear and Clearstream. Each such Global Note shall be referred
to herein as a "Regulation S Global Note." The aggregate principal amount of any Regulation S Global Note may from time to time be
increased or decreased by adjustments made on the records of the Trustee, as custodian for DTC for such Global Note, as provided in Section 210(e) hereof. Except as otherwise provided herein or
agreed to by the Company, no Regulation S Global Note shall be issued except as provided in this paragraph to evidence Notes offered and sold as part of their initial distribution in reliance
on Regulation S or thereafter transferred in reliance on Regulation S. 

        (c)    Except
as otherwise provided herein, Notes offered and sold as part of their initial offering and sale to Institutional Accredited Investors who are not QIBs shall be
issued in the form of Certificated Notes
in definitive, fully registered form without coupons, registered in the name of the purchaser thereof, substantially in the form set forth in  Exhibit A (the "Restricted
Certificated Notes"), with such applicable legends as are provided for
herein. Restricted Certificated Notes may not be transferred or exchanged for interests in a Global Note except as provided in Section 211. 

        Unless
exchanged for an Exchange Note in connection with an effective Registration pursuant to the Registration Rights Agreement, each Rule 144A Global Note, each
Regulation S Global Note and each Restricted Certificated Note shall bear the Restrictive Legend on the face thereof, prior to the Resale Restriction Termination Date. 

        (d)    Interests
of beneficial owners in a Global Note may be transferred in accordance with the rules and procedures of DTC. In connection with any transfer of a portion of
the beneficial interests in a Global Note to beneficial owners pursuant to Section 305 of the Original Indenture, the Security Registrar shall reflect on its books and records the date and a
decrease in the principal amount of such Global Note in an amount equal to the principal amount of the beneficial interest in such Global Note to be transferred. Notwithstanding Section 305 of
the Original Indenture, Restricted Certificated Notes (or Exchange Notes) will be issued to DTC for beneficial owners in a Global Note if circumstances arise described in clauses (1), (2) or
(3) of the penultimate paragraph of Section 305 of the Original Indenture. 

        Section 211.    Special Transfer and Exchange Provisions.    Unless and until a Note is exchanged for an
Exchange Note in connection with an effective Registration Statement pursuant to the Registration Rights Agreement, the following provisions shall apply to each such Note: 

	(a)
	Transfers and Exchanges of Restricted Certificated Notes and Interests in a Rule 144A Global Note. With respect to the
registration of any proposed transfer or exchange of a Restricted Certificated Note or an interest in a Rule 144A Global Note, if the Note to be transferred or exchanged consists of:

	(i)
	a
Restricted Certificated Note, the Security Registrar shall register the transfer or exchange to:

	(A)
	a
beneficial interest in a Rule 144A Global Note if such transfer or exchange is being made by a proposed transferor or exchanger who has delivered to the Company and the
Security Registrar a certificate from the transferor or exchanger substantially in the form of Exhibit C; or 

12

 

	(B)
	a
Regulation S Global Note if such transfer or exchange is being made by a proposed transferor or exchanger who has delivered to the Company and the Security Registrar a
certificate from the transferor or exchanger substantially in the form of Exhibit D. 

Upon
the transfer or exchange of Restricted Certificated Notes (initially issued to an Institutional Accredited Investor) to a QIB or in accordance with Regulation S, these Restricted
Certificated Notes may, unless the Rule 144A Global Note or the Regulation S Note, as the case may be, has previously been exchanged in whole for Restricted Certificated Notes, be
exchanged for a beneficial interest in the Rule 144A Global Note or the Regulation S Note, as the case may be, subject to the conditions specified herein. Thereafter, transfers or
exchanges of this beneficial interest will continue to be represented by a Global Note, even if this transfer or exchange is to an Institutional Accredited Investor. Upon the transfer or exchange of a
Restricted Certificated Note (initially issued to an Institutional Accredited Investor) to an Institutional Accredited Investor, that Note will remain a Restricted Certificated Note and will require
the transferee or exchangee to deliver a certificate to the Trustee substantially in the form provided in Exhibit G; or 

	(ii)
	a
beneficial interest in a Rule 144A Global Note:

	(A)
	to
be transferred or exchanged to a transferee or exchangee who takes delivery in the form of an interest in a Regulation S Global Note, the Security Registrar shall register
the transfer or exchange if such transfer or exchange is being made by a proposed transferor or exchanger who has delivered to the Company and the Security Registrar a certificate substantially in the
form of Exhibit E; or

	(B)
	to
be transferred or exchanged to a transferee or exchangee who takes delivery in the form of an interest in a Rule 144A Global Note, the transfer or exchange of such interest
may be effected only through the book entry system maintained by the Depositary. 

	(b)
	Transfers and Exchanges of Interests in a Regulation S Global Note. With respect to registration of any proposed transfer or
exchange of a beneficial interest in a Regulation S Global Note to a person who takes delivery in the form of a beneficial interest in a Rule 144A Global Note, the Security Registrar
shall register the transfer or exchange of any Note if the proposed transferor or exchanger has delivered to the Company and the Security Registrar a certificate from the transferor or exchanger
substantially in the form of Exhibit F. No person shall be entitled to effect any transfer or exchange that would result in any beneficial
interests in a Regulation S Global Note being held during the Distribution Compliance Period otherwise than in or through accounts maintained at the Depositary by or on behalf of Euroclear or
Clearstream, except as provided in this Section 211(b); provided that after the expiration of the Distribution Compliance Period (but not earlier), investors may also hold these interests
through organizations other than Euroclear and Clearstream that are participants in DTC's system. 

13

  

	(c)
	Transfers and Exchanges of Unrestricted Certificated Notes or Interests in the Unrestricted Global Note. With respect to any transfer
or exchange of Unrestricted Certificated Notes or interests in the Unrestricted Global Note, the Security Registrar shall register the transfer or exchange of any such Note without requiring any
additional certification.

	(d)
	Legends. Upon the transfer, exchange or replacement of Notes that do not bear a Restrictive Legend, the Security Registrar shall
deliver Notes that do not bear any Restrictive Legend. Upon the transfer, exchange or replacement of Notes bearing a Restrictive Legend, the Security Registrar shall deliver only Notes that bear such
Restrictive Legend, unless (i) Exchange Notes are being issued in the Exchange Offer, (ii) Notes are being transferred pursuant to an effective Shelf Registration Statement,
(iii) the Resale Restriction Termination Date has passed or (iv) the Company directs the Trustee to remove the Restrictive Legend because the Company determines, on the basis of a legal
opinion, certifications or other information satisfactory to the Company and the Trustee, that neither such Restrictive Legend or the related restrictions on transfer are required to maintain
compliance with the Securities Act.

	(e)
	General. By its acceptance of any Note bearing a Restrictive Legend, each Holder of such Note acknowledges the restrictions on transfer
or exchange of such Note set forth in this First Supplemental Indenture and in such Restrictive Legend and agrees that it will transfer or exchange such Note only as provided in this First
Supplemental Indenture and such Restrictive Legend. The Security Registrar shall not register a transfer or exchange of any Note unless such transfer or exchange complies with the restrictions on
transfer or exchange of such Note set forth in this First Supplemental Indenture. In connection with any transfer or exchange of Notes contemplated in the restrictions on transfer applicable thereto,
each Holder agrees by its acceptance of the Notes to furnish the Security Registrar or the Company with such certifications, legal opinions and/or other information as either of them may reasonably
require to confirm that such transfer or exchange is being made pursuant to an exemption from, or a transaction not subject to, the registration requirements of the Securities Act; provided that the
Security Registrar shall not be required to determine (but may rely on a determination made by the Company with respect to) the sufficiency of any such certifications, legal opinions or other
information. 

 
 

ARTICLE THREE
  AMENDMENT    
  

        Section 301.    Amendments.    Pursuant to Section 901(5) of the Original
Indenture, the following amendments to the Original Indenture will be effective solely with respect to the Notes issued under this First Supplemental Indenture: 

	(a)
	The
following sentence is added at the end of Section 301 of the Original Indenture: 

"All
Securities of any series need not be issued at the same time and, unless otherwise so provided, a series may be reopened for issuance of additional Securities of such series." 

	(b)
	The
first paragraph of Section 502 of the Original Indenture is deleted in its entirety and replaced with the following paragraph: 

"If
an Event of Default with respect to Securities of any series at the time Outstanding occurs and is continuing, other than under clause (6) or (7) of Section 501, then in every
such case the Trustee or the Holders of not less than 25% in principal amount of the Outstanding Securities of that series may declare the principal amount of all of the Securities of that series to
be due and payable immediately, by a notice in writing to the Company (and to the Trustee if given by Holders), and upon any such declaration such principal amount shall become immediately due and
payable. If an Event of Default specified in clause (6) or (7) of Section 501 occurs, all unpaid principal of and accrued interest on the Outstanding Securities of that series
shall ipso facto 

14

 

become and be immediately due and payable without any declaration or other act on the part of the Trustee or any Holder of any Security of that series." 

	(c)
	Section 514
of the Original Indenture is deleted in its entirety and replaced with the following: 

"In
any suit for the enforcement of any right or remedy under this Indenture, or in any suit against the Trustee for any action taken, suffered or omitted by it as Trustee, a court may require any
party litigant in such suit to file an undertaking to pay the costs of such suit, and may assess costs against any such party litigant, in the manner and to the extent provided in the Trust Indenture
Act; provided that neither this Section nor the Trust Indenture Act shall be deemed to authorize any court to require such an undertaking or to make such an assessment in any suit instituted by the
Company; provided, further, that the provisions of this Section 514 shall not apply to any suit instituted by the Trustee, to any suit instituted by any Holder, or group of Holders, holding in
the aggregate more than 10% in principal amount of Outstanding Securities of any series, or to any suit instituted by any Holder of the enforcement of the payment of the principal of (or premium, if
any) or interest, if any, with respect to any Security on or after the respective Stated Maturities expressed in such Security (or, in the case of redemption, on or after the Redemption Date, and, in
the case of repayment, on or after the date for repayment)." 

	(d)
	Section 801(1)
of the Original Indenture is deleted in its entirety and replaced with the following language: 

"in
case the Company shall consolidate with or merge into another Person or convey, transfer or lease its properties and assets as an entirety or substantially as an entirety to any Person, the Person
formed by such consolidation or into which the Company is merged or the Person which acquires by conveyance or transfer, or which leases, the properties and assets of the Company substantially as an
entirety shall be a corporation, shall be organized and validly existing under the laws of the United States of America, any State thereof or the District of Columbia and shall expressly assume, by an
indenture supplemental hereto, executed and delivered to the Trustee, in form satisfactory to the Trustee, the due and punctual payment of the principal of any premium and interest on all the
Securities and the performance or observance of every covenant of this Indenture on the part of the Company to be performed or observed;". 

 
 

ARTICLE FOUR
  MISCELLANEOUS PROVISIONS    
  

        Section 401.    Confirmation of Original Indenture.    The Original Indenture, as
heretofore supplemented and amended by the 1993 Officers' Certificate, the 1998 Officers' Certificate and this First Supplemental Indenture, is in all respects ratified and confirmed, and the Original
Indenture, the 1993 Officers' Certificate, the 1998 Officers' Certificate and this First Supplemental Indenture and all indentures supplemental thereto shall be read, taken and construed as one and
the same instrument. 

        Section 402.    Concerning the Trustee.    The Trustee assumes no duties, responsibilities or liabilities by
reason of this First Supplemental Indenture other than as set forth in the Original Indenture and, in carrying out its responsibilities hereunder, shall have all of the rights, protections and
immunities which it possesses under the Original Indenture. The Trustee makes no representation as to the validity, sufficiency or priority of this First Supplemental Indenture. 

        Section 403.    Governing Law.    This First Supplemental Indenture and the Notes shall be governed by and
construed in accordance with the laws of the State of New York applicable to agreements made or instruments entered into and, in each case, performed in said state. 

        Section 404.    Separability.    In case any provision in this First Supplemental Indenture or in the Notes
shall for any reason be held to be invalid, illegal or unenforceable, the validity, legality and 

15

 

enforceability of the remaining provisions of this First Supplemental Indenture or the Notes shall not in any way be affected or impaired thereby. 

        Section 405.    Counterparts.    This First Supplemental Indenture may be executed in several counterparts,
each of which shall be an original and all of which shall constitute but one and the same document. 

        Section 406.    Effect of Headings.    The Section headings herein are for convenience only and shall not
affect the construction hereof. 

        IN
WITNESS WHEREOF, the parties hereto have caused this First Supplemental Indenture to be duly executed, and their respective corporate seals to be hereunto affixed and attested, all as
of the day and year first above written. 

	 	 	DOLE FOOD COMPANY, as Issuer
	

 	
 	

By:	

 Name:

Title:
	Attest:
 Name:

Title:	 	 	 
	

 	
 	
J.P. MORGAN TRUST COMPANY, NATIONAL ASSOCIATION,
 as Trustee
	

 	
 	

By:	

 Name:

Title:
	Attest:
 Name:

Title:

[SEAL]	 	 	 

16

  

EXHIBIT A  

  
 

    FORM OF FACE OF CERTIFICATED NOTE    
  

        [If this is a Restricted Certificated Note, add the following Restrictive Legend: THIS NOTE HAS NOT
BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES ACT"), OR ANY STATE OR OTHER SECURITIES LAWS. NEITHER THIS NOTE NOR ANY INTEREST HEREIN MAY BE REOFFERED, SOLD, ASSIGNED,
TRANSFERRED, PLEDGED, ENCUMBERED OR OTHERWISE DISPOSED OF IN THE ABSENCE OF THAT REGISTRATION OR UNLESS THE TRANSACTION IS EXEMPT FROM, OR NOT SUBJECT TO, THE REGISTRATION REQUIREMENTS OF THE
SECURITIES ACT. BY ITS ACQUISITION HEREOF, THE HOLDER (1) REPRESENTS THAT (A) IT IS A "QUALIFIED INSTITUTIONAL BUYER" (AS DEFINED IN RULE 144A ("RULE 144A") UNDER THE SECURITIES ACT) OR
(B) IT IS AN INSTITUTIONAL "ACCREDITED INVESTOR" WITHIN THE MEANING OF SUBPARAGRAPHS (a)(1), (2), (3) OR (7) OF RULE 501 UNDER THE SECURITIES ACT THAT IS ACQUIRING THIS NOTE FOR
ITS OWN ACCOUNT OR FOR THE ACCOUNT OF ANOTHER INSTITUTIONAL ACCREDITED INVESTOR FOR INVESTMENT AND NOT WITH A VIEW TO, OR FOR OFFER OR SALE IN CONNECTION WITH, ANY DISTRIBUTION IN VIOLATION OF THE
SECURITIES ACT, (2) AGREES NOT TO OFFER, SELL OR OTHERWISE TRANSFER THIS NOTE PRIOR TO THE DATE WHICH IS THE LATER OF (X) TWO YEARS (OR SUCH SHORTER PERIOD OF TIME AS PERMITTED BY RULE
144(k) OF THE SECURITIES ACT) AFTER THE LATER OF THE ORIGINAL ISSUE DATE OF THE NOTES AND THE LAST DATE ON WHICH DOLE FOOD COMPANY, INC. OR ANY "AFFILIATE" (AS DEFINED IN RULE 144 UNDER THE
SECURITIES ACT) OF DOLE FOOD COMPANY, INC. WAS THE OWNER OF THIS NOTE (OR ANY PREDECESSOR OF THIS NOTE) OR (Y) SUCH LATER DATE, IF ANY, AS MAY BE REQUIRED BY APPLICABLE LAW (THE "RESALE
RESTRICTION TERMINATION DATE") EXCEPT (A) TO DOLE FOOD COMPANY, INC., (B) PURSUANT TO A REGISTRATION STATEMENT WHICH HAS BEEN DECLARED EFFECTIVE UNDER THE SECURITIES ACT,
(C) FOR SO LONG AS THE NOTES ARE ELIGIBLE FOR RESALE PURSUANT TO RULE 144A, TO A PERSON IT REASONABLY BELIEVES IS A "QUALIFIED INSTITUTIONAL BUYER" AS DEFINED IN RULE 144A THAT PURCHASES FOR
ITS OWN ACCOUNT OR FOR THE ACCOUNT OF A QUALIFIED INSTITUTIONAL BUYER, IN EACH CASE TO WHOM NOTICE IS GIVEN THAT THE TRANSFER IS BEING MADE IN RELIANCE ON RULE 144A, (D) TO A
NON-U.S. PERSON IN AN OFFSHORE TRANSACTION IN ACCORDANCE WITH RULE 903 OR RULE 904 OF REGULATION S UNDER THE SECURITIES ACT, (E) TO AN INSTITUTIONAL "ACCREDITED INVESTOR" WITHIN THE
MEANING OF SUBPARAGRAPHS (a)(1), (2), (3) OR (7) OF RULE 501 UNDER THE SECURITIES ACT THAT IS ACQUIRING THIS NOTE FOR ITS OWN ACCOUNT OR FOR THE ACCOUNT OF ANOTHER
INSTITUTIONAL ACCREDITED INVESTOR FOR INVESTMENT AND NOT WITH A VIEW TO, OR FOR OFFER OR SALE IN CONNECTION WITH, ANY DISTRIBUTION IN VIOLATION OF THE SECURITIES ACT, (F) PURSUANT TO AN
EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT PROVIDED BY RULE 144 THEREUNDER (IF AVAILABLE) OR (G) PURSUANT TO ANY OTHER AVAILABLE EXEMPTION FROM THE REGISTRATION
REQUIREMENTS OF THE SECURITIES ACT, SUBJECT IN EACH OF THE FOREGOING CASES TO COMPLIANCE WITH ANY APPLICABLE STATE OR OTHER SECURITIES LAWS, AND (3) AGREES THAT IT WILL GIVE TO EACH PERSON TO
WHOM THIS NOTE IS TRANSFERRED A NOTICE SUBSTANTIALLY TO THE EFFECT OF THIS LEGEND; PROVIDED THAT (I) PRIOR TO ANY SALE OR TRANSFER PURSUANT TO CLAUSE (E) A CERTIFICATE OF TRANSFER (THE
FORM OF WHICH MAY BE OBTAINED FROM THE TRUSTEE) IS COMPLETED AND DELIVERED BY 

A-2

 

THE TRANSFEROR TO DOLE FOOD COMPANY, INC. AND THE TRUSTEE AND (II) DOLE FOOD COMPANY, INC. AND THE TRUSTEE SHALL HAVE THE RIGHT PRIOR TO ANY SUCH OFFER, SALE OR TRANSFER
(I) PURSUANT TO CLAUSE (D), (E), (F) OR (G) TO REQUIRE THE DELIVERY OF AN OPINION OF COUNSEL, CERTIFICATIONS AND/OR OTHER INFORMATION SATISFACTORY TO EACH OF THEM. THIS LEGEND
WILL BE REMOVED UPON THE EARLIER OF THE TRANSFER OF THE NOTE EVIDENCED HEREBY PURSUANT TO CLAUSE 2(B) ABOVE OR UPON THE REQUEST OF THE HOLDER AFTER THE RESALE RESTRICTION TERMINATION DATE. AS USED
HEREIN, THE TERMS "UNITED STATES," "OFFSHORE TRANSACTION," AND "U.S. PERSON" HAVE THE RESPECTIVE MEANINGS GIVEN TO THEM BY REGULATION S UNDER THE SECURITIES ACT.] 

A-3

  

	REGISTERED	 	PRINCIPAL AMOUNT:
	No.____________________	 	$____________________
	

CUSIP NO.______________	
 	

 

 INC.

71/4% Senior Note due 2009'>DOLE FOOD COMPANY, INC.

71/4% Senior Note due 2009Dole Food Company, Inc., a Delaware corporation (the "Company" which term includes any successor Person
under the Indenture referred to on the reverse hereof), for value received, hereby promises to pay            or registered assigns, the principal sum
of    •    
DOLLARS 

        on
May 1, 2009 (the "Stated Maturity Date"), unless redeemed prior to such date in accordance with the provisions referred to on
the reverse hereof (the Stated Maturity Date or date of earlier redemption, as the case may be, is referred to herein as the "Maturity Date" with respect to the principal repayable on such date), and
to pay interest on the outstanding principal sum of this Note from April 30, 2002 or from the most recent "Interest Payment Date" to which
interest has been paid or duly provided for, semiannually on May 1 and November 1 of each year, commencing November 1, 2002, and on the Maturity Date, at the rate of
71/4% per annum, until the principal hereof and Make-Whole Amount (as defined in the Indenture), if any, applicable hereto is paid or duly provided for; provided that if any
Registration Default with respect to this Note occurs under the Registration Rights Agreement, then, as provided in the Registration Rights Agreement, the per annum interest rate on this Note will
increase for the period from the occurrence of such Registration Default until such time as no Registration Default is in effect with respect to this Note (at which time the interest rate will be
reduced to its initial rate). The interest so payable, and punctually paid or duly provided for, on any Interest Payment Date will, as provided in the Indenture, be paid to the Person in whose name
this Note (or one or more Predecessor Notes) is registered at the close of business on the "Regular Record Date" for such interest, which shall be the
April 15 or October 15 (whether or not a Business Day, as defined below), as the case may be, next preceding such Interest Payment Date. Any such interest not so punctually paid or duly
provided for shall forthwith cease to be payable to the Holder on such Regular Record Date and shall be payable as provided in the Indenture. 

        The
Company will at all times appoint and maintain a Paying Agent (which may be the Trustee) authorized by the Company to pay the principal of and Make-Whole Amount, if any,
and interest on any Notes on behalf of the Company and having an office or agency in The City of New York and in such other cities, if any, as the Company may designate in writing to the Trustee (the
"Place of Payment") where Notes may be presented or surrendered for payment and where notices, designations or requests in respect for payments with
respect to Notes may be served. The Company has initially appointed J. P. Morgan Trust Company, National Association as such Paying Agent. 

        Interest
payments on this Note will be computed and paid on the basis of a 360-day year of twelve 30-day months. Interest payable on this Note on any Interest
Payment Date and on the Maturity Date will include interest accrued from and including the most recent Interest Payment Date to which
interest has been paid or duly provided for (or from and including April 30, 2002, if no interest has been paid on this Note) to but excluding such Interest Payment Date or the Maturity Date,
as the case may be. 

        If
any Interest Payment Date or the Maturity Date falls on a day that is not a Business Day, principal, Make-Whole Amount and/or interest payable with respect to such
Interest Payment Date or Maturity Date, as the case may be, will be paid on the next succeeding Business Day with the same force and effect as if it were paid on the date such payment was due, and no
interest shall accrue on the amount so payable for the period from and after such Interest Payment Date or the Maturity Date, as the case may be, to the next succeeding Business Day.
"Business Day" means any day, other than 

A-4

 

Saturday or Sunday, that is neither a legal holiday nor a day on which commercial banks are authorized or required by law, regulation or executive order to close in The City of New York or San
Francisco. 

        The
principal, Make-Whole Amount and interest payable on this Note will be made by wire transfer of immediately available funds to the Holder hereof in such currency of the
United States of America as at the time of payment is legal tender for the payment of public and private debts; provided, however, that payment of
interest on an Interest Payment Date may be made at the option of the Company by check mailed to the address of the person entitled thereto as such address shall appear in the Security Register. 

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

        Unless
the Certificate of Authentication hereon has been executed by the Trustee by manual signature, this Note shall not be entitled to any benefit under the Indenture or be valid or
obligatory for any purpose. 

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

	 	 	 	 	DOLE FOOD COMPANY, INC.
	

 	
 	

 	
 	

 	

 
	 	 	 	 	BY:
	 	 	 	 	
 NAME:

TITLE:
	ATTEST:	 	 	 
	BY:	 	 	 	 	 
	 	 	
 NAME:

TITLE:	 	 	 

A-5

 
 
 

CERTIFICATE OF AUTHENTICATION    
  

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

J.
P. Morgan Trust Company, National Association, as Trustee 

	By:	 	 	 
	 	
 Authorized Signatory	 	 
	

Dated:	

 	
 	

 
	 	
	 	 

A-6

   
[FORM OF REVERSE OF CERTIFICATED NOTE]

DOLE FOOD COMPANY, INC.

71/4% Senior Note due 2009'>[FORM OF REVERSE OF CERTIFICATED NOTE]

DOLE FOOD COMPANY, INC.

71/4% Senior Note due 2009This Note is one of a duly authorized issue of notes of the Company (herein called the "Notes"), issued under an Indenture dated as of July 15, 1993, as
supplemented by the First Supplemental Indenture thereto dated as of April 30, 2002 (as so supplemented, the "Indenture") among the Company and
J. P. Morgan Trust Company, National Association, as Trustee (the "Trustee," which term includes any successor trustee under the Indenture), to which
Indenture and all indentures supplemental thereto reference is hereby made for a statement of the respective rights, limitations of rights, duties and immunities thereunder of the Company, the Trustee
and the Holders of the Notes and of the terms upon which the Notes are, and are to be, authenticated and delivered. This Note is one of the series designated as the "71/4% Senior Notes
due 2009" (the "Notes"), limited initially in aggregate principal amount to US$400,000,000. Capitalized terms used herein but not defined have the meanings ascribed to such terms in the Indenture. 

        This
Note is not subject to any sinking fund. 

        The
Indenture provides that the Notes are redeemable at any time in whole, or from time to time in part, at a Redemption Price (as defined in the Indenture) equal to the sum of 100% of
the aggregate principal amount of the Notes being redeemed, unpaid interest accrued on those Notes to the Redemption Date (as defined in the Indenture) and the Make-Whole Amount, if any,
applicable thereto; provided, however, that installments of interest on Notes due on an Interest Payment Date which occurs on or before any Redemption Date shall be payable to the Holders of such
Notes as of the close of business on the Regular Record Date immediately preceding such Interest Payment Date. The Notes are redeemable on not less than 30 nor more than 60 calendar days' prior
written notice. 

        In
case an Event of Default with respect to the Notes shall occur and be continuing, the principal of the Notes may be, as in certain cases shall be, declared due and payable in the
manner and with the effect provided in the Indenture. 

        The
Indenture contains provisions for defeasance at any time of (i) the entire indebtedness of this Note or (ii) certain respective covenants and Events of Default with
respect to this Note, in each case upon compliance with certain conditions set forth therein, which provisions apply to the Notes. 

        The
Holder of this Note is entitled to the benefits of the Registration Rights Agreement in accordance with its terms. 

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

        No
reference herein to the Indenture and no provision of this Note or of the Indenture shall alter or impair the obligation of the Company, which is absolute and unconditional, to pay
the principal of 

A-7

 

and Make-Whole Amount, if any, and interest on this Note at the times, places and rate, and in the currency herein prescribed. 

        As
provided in the Indenture and subject to certain limitations herein and therein set forth, the transfer of this Note is registrable in the Register, upon surrender of this Note for
registration of transfer at the office or agency of the Company in the Place of Payment, duly endorsed by, or accompanied by a written instrument of transfer in form satisfactory to the Company and
the Security Registrar, duly executed by the Holder hereof or its attorney duly authorized in writing, and thereupon one or more new Notes of like tenor, of authorized denominations and for the same
aggregate principal amount, will be issued to the designated transferee or transferees. 

        The
Notes are issuable only in registered form without coupons in denominations of $1,000 and any integral multiple of $1,000 in excess thereof; provided,
however, that any purchases of Restricted Certificated Notes must be in a minimum amount of $100,000. As provided in the Indenture and subject to certain limitations herein and
therein set forth, Notes are exchangeable for the same aggregate principal amount of Notes of like tenor and authorized denominations, as requested by the Holder surrendering the same. 

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

        Prior
to due presentment of this Note for registration of transfer, the Company, the Trustee and any agent of the Company or the Trustee may treat the Person in whose name this Note is
registered as the owner hereof for all purposes, whether or not this Note be overdue, and none of the Company, the Trustee or any such agent shall be affected by notice to the contrary. 

        No
recourse under or upon any obligation, covenant or agreement of the Company in the Indenture or any indenture supplemental thereto or in any Note, or because of the creation of any
indebtedness represented thereby, shall be had against any incorporator, stockholder, officer or director, as such, of the Company or of any successor thereto, either directly or through the Company
or any successor thereto. 

        This
Note and the Indenture are governed by and construed in accordance with the laws of the State of New York. 

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

A-8

  

 
 

ABBREVIATIONS    
  

        The following abbreviations, when used in the inscription on the face of this instrument, shall be construed as though they were written out in full according to
applicable laws or regulations. 

	 	 	TEN COM	 	as tenants in common
	

 	
 	

TEN ENT	
 	

as tenants by the entireties
	

 	
 	

JT TEN	
 	

as joint tenants with right of survivorship and not as tenants in common

	 	UNIF GIFT MIN ACT	 	Custodian	 
	 	 	
	 	

	 	 	(Cust)	 	(Minor)
	 	 	under Uniform Gifts to Minors Act
	

 	

 	

	 	 	(State)
	 	

Additional abbreviations may also be used though not in the above list.

 
 

ASSIGNMENT    
  

        FOR VALUE RECEIVED, the undersigned hereby sell(s), assigns(s) and transfer(s) unto 

        PLEASE
INSERT SOCIAL SECURITY OR OTHER IDENTIFYING NUMBER OF ASSIGNEE: 

        Please
Print or Type Name and Address including Postal Zip Code of Assignee: 

        the
within Note and all rights thereunder, and hereby irrevocably constitutes and appoints 

        to
transfer said Note on the books of the Company, with full power of substitution in the premises. 

	Dated:	 	 	 
	 	
	 	 
	

Signature Guaranteed	
 	

 
	

	
 	

 
	NOTICE: Signature must be guaranteed by a member firm of the New York Stock Exchange or a commercial bank or trust company.	 	NOTICE: The signature to this assignment must correspond with the name as written upon the face of the within Note in every particular, without alteration or enlargement or any change whatever.

        [THE
FOLLOWING PROVISION TO BE INCLUDED ON ALL RESTRICTED CERTIFICATED NOTES ONLY.] 

        In
connection with any transfer of this Note occurring prior to the date which is later of (i) two years after the later of the original issuance of this Note or the last date on
which this Note was held by the Company or an Affiliate of the Company and (ii) such later date as may be required by 

A-9

 

applicable law, the undersigned Holder confirms that without utilizing any general solicitation or general advertising that: 

        [Check
one] 

	o	 	(a)	 	Such Note is being transferred by the undersigned Holder to a person reasonably believed to be a "qualified institutional buyer," as defined in Rule 144A under the U.S. Securities Act of 1933, pursuant to the
exemption from registration under the U.S. Securities Act of 1933 provided by Rule 144A thereunder, and to whom notice is given that the transfer is being made in reliance upon Rule 144A.
	
or
	

o	
 	

(b)	
 	

Such Note is being transferred by the undersigned Holder in a minimum aggregate principal amount of $100,000 to an institutional investor reasonably believed to be an "accredited investor," as defined in Rule 501(a)(1), 2), (3) or
(7) under the U.S. Securities Act of 1933, and that the undersigned Holder has been advised by the prospective transferee that such transferee will hold such Note for its own account or as a fiduciary or agent for others (each of which is also
such an institutional accredited investor, unless such transferee is a bank (as defined in Section 3(a)(2) of the Securities Act or a savings and loan association or other institution as described in Section 3(a)(5)(A) of the Securities Act,
 whether acting in its individual capacity or in a fiduciary capacity)), for investment purposes and not with a view to, or for offer or sale in connection with, any distribution in violation of the U.S. Securities Act of 1933.
	
or
	

o	
 	

(c)	
 	

Such Note is being transferred by the undersigned Holder to a person reasonably believed not to be a U.S. person, as defined in Regulation S under the U.S. Securities Act of 1933, in an "offshore transaction," as defined in Regulation S
under the U.S. Securities Act of 1933, pursuant to the exemption from registration under the U.S. Securities Act of 1933 provided by Regulation S thereunder.
	
or
	

o	
 	

(d)	
 	

Such Note is being transferred by the undersigned Holder pursuant to an effective registration statement under the U.S. Securities Act of 1933.
	
or
	

o	
 	

(e)	
 	

Such Note is being transferred pursuant to an exemption from the registration requirements of the U.S. Securities Act of 1933 provided by Rule 144.
	
or
	

o	
 	

(f)	
 	

Such Note is being transferred pursuant to any other available exemption from the registration requirements of the U.S. Securities Act of 1933.
	
or
	

o	
 	

(g)	
 	

Such Note is being transferred to Dole Food Company, Inc. or any affiliate, as defined under the U.S. Securities Act of 1933.

        If
none of the foregoing boxes is checked by the undersigned Holder, or if the undersigned Holder has failed to delivery any certificate to the Company required pursuant to First
Supplemental Indenture, the Trustee or other Security Registrar shall not be obligated to register this Note in the name of any Person other than the Noteholder hereof unless and until the conditions
to any such transfer or registration set forth herein and in Section 211 of the First Supplemental Indenture shall have been satisfied. 

A-10

  

EXHIBIT B  

 
 

FORM OF GLOBAL NOTE    
  

        [If this is a Restricted Global Note, add the following Legend: THE NOTES HAVE NOT BEEN REGISTERED
UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES ACT"), OR ANY STATE OR OTHER SECURITIES LAWS. NEITHER THIS NOTE NOR ANY INTEREST HEREIN MAY BE REOFFERED, SOLD, ASSIGNED, TRANSFERRED,
PLEDGED, ENCUMBERED OR OTHERWISE DISPOSED OF IN THE ABSENCE OF THAT REGISTRATION OR UNLESS THE TRANSACTION IS EXEMPT FROM, OR NOT SUBJECT TO, THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT. BY
ITS ACQUISITION HEREOF, THE HOLDER (1) REPRESENTS THAT (A) IT IS A "QUALIFIED INSTITUTIONAL BUYER" (AS DEFINED IN RULE 144A ("RULE 144A") UNDER THE SECURITIES ACT) OR (B) IT IS AN
INSTITUTIONAL "ACCREDITED INVESTOR" WITHIN THE MEANING OF SUBPARAGRAPHS (a)(1), (2), (3) OR (7) OF RULE 501 UNDER THE SECURITIES ACT THAT IS ACQUIRING THIS NOTE FOR ITS OWN ACCOUNT OR
FOR THE ACCOUNT OF ANOTHER INSTITUTIONAL ACCREDITED INVESTOR FOR INVESTMENT AND NOT WITH A VIEW TO, OR FOR OFFER OR SALE IN CONNECTION WITH, ANY DISTRIBUTION IN VIOLATION OF THE SECURITIES ACT,
(2) AGREES NOT TO OFFER, SELL OR OTHERWISE TRANSFER THIS NOTE PRIOR TO THE DATE WHICH IS THE LATER OF (X) TWO YEARS (OR SUCH SHORTER PERIOD OF TIME AS PERMITTED BY RULE 144(k) OF THE
SECURITIES ACT) AFTER THE LATER OF THE ORIGINAL ISSUE DATE OF THE NOTES AND THE LAST DATE ON WHICH DOLE FOOD COMPANY, INC. OR ANY "AFFILIATE" (AS DEFINED IN RULE 144 UNDER THE SECURITIES ACT)
OF DOLE FOOD COMPANY, INC. WAS THE OWNER OF THIS NOTE (OR ANY PREDECESSOR OF THIS NOTE) OR (Y) SUCH LATER DATE, IF ANY, AS MAY BE REQUIRED BY APPLICABLE LAW (THE "RESALE RESTRICTION
TERMINATION DATE") EXCEPT (A) TO DOLE FOOD COMPANY, INC., (B) PURSUANT TO A REGISTRATION STATEMENT WHICH HAS BEEN DECLARED EFFECTIVE UNDER THE SECURITIES ACT, (C) FOR SO
LONG AS THE NOTES ARE ELIGIBLE FOR RESALE PURSUANT TO RULE 144A, TO A PERSON IT REASONABLY BELIEVES IS A "QUALIFIED INSTITUTIONAL BUYER" AS DEFINED IN RULE 144A THAT PURCHASES FOR ITS OWN ACCOUNT OR
FOR THE ACCOUNT OF A QUALIFIED INSTITUTIONAL BUYER, IN EACH CASE TO WHOM NOTICE IS GIVEN THAT THE TRANSFER IS BEING MADE IN RELIANCE ON RULE 144A, (D) TO A NON-U.S. PERSON IN AN
OFFSHORE TRANSACTION IN ACCORDANCE WITH RULE 903 OR RULE 904 OF REGULATION S UNDER THE SECURITIES ACT, (E) TO AN INSTITUTIONAL "ACCREDITED
INVESTOR" WITHIN THE MEANING OF SUBPARAGRAPHS (a)(1), (2), (3) OR (7) OF RULE 501 UNDER THE SECURITIES ACT THAT IS ACQUIRING THIS NOTE FOR ITS OWN ACCOUNT OR FOR THE ACCOUNT OF ANOTHER
INSTITUTIONAL ACCREDITED INVESTOR FOR INVESTMENT AND NOT WITH A VIEW TO, OR FOR OFFER OR SALE IN CONNECTION WITH, ANY DISTRIBUTION IN VIOLATION OF THE SECURITIES ACT, (F) PURSUANT TO AN
EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT PROVIDED BY RULE 144 THEREUNDER (IF AVAILABLE) OR (G) PURSUANT TO ANY OTHER AVAILABLE EXEMPTION FROM THE REGISTRATION
REQUIREMENTS OF THE SECURITIES ACT, SUBJECT IN EACH OF THE FOREGOING CASES TO COMPLIANCE WITH ANY APPLICABLE STATE OR OTHER SECURITIES LAWS, AND (3) AGREES THAT IT WILL GIVE TO EACH PERSON TO
WHOM THIS NOTE IS TRANSFERRED A NOTICE SUBSTANTIALLY TO THE EFFECT OF THIS LEGEND; PROVIDED THAT (I) PRIOR TO ANY SALE OR TRANSFER PURSUANT TO CLAUSE (E) A CERTIFICATE OF TRANSFER (THE
FORM OF WHICH MAY BE OBTAINED FROM THE TRUSTEE) IS COMPLETED AND DELIVERED BY THE TRANSFEROR TO DOLE FOOD 

B-1

 

COMPANY, INC. AND THE TRUSTEE AND (II) DOLE FOOD COMPANY, INC. AND THE TRUSTEE SHALL HAVE THE RIGHT PRIOR TO ANY SUCH OFFER, SALE OR TRANSFER (I) PURSUANT TO CLAUSE (D),
(E), (F) OR (G) TO REQUIRE THE DELIVERY OF AN OPINION OF COUNSEL, CERTIFICATION AND/OR OTHER INFORMATION SATISFACTORY TO EACH OF THEM. THIS LEGEND WILL BE REMOVED UPON THE EARLIER OF THE
TRANSFER OF THE NOTE EVIDENCED HEREBY PURSUANT TO CLAUSE 2(B) ABOVE OR UPON THE REQUEST OF THE HOLDER AFTER THE RESALE RESTRICTION TERMINATION DATE. AS USED HEREIN, THE TERMS "UNITED STATES,"
"OFFSHORE TRANSACTION," AND "U.S. PERSON" HAVE THE RESPECTIVE MEANINGS GIVEN TO THEM BY REGULATION S UNDER THE SECURITIES ACT.] 

B-2

  

	No.	 	CUSIP No.

        Unless this certificate is presented by an authorized representative of The Depository Trust Company, a New York corporation
("DTC"), to the Company or its agent for registration of transfer, exchange or payment, and any certificate issued in exchange for this certificate or
any portion hereof is registered in the name of Cede & Co. or in such other name as is requested by an authorized representative of DTC (and any payment is made to Cede & Co. or to such
other entity as is requested by an authorized representative of DTC), any transfer, pledge or other use hereof for value or otherwise by or to any person is wrongful inasmuch as the registered owner
hereof, Cede & Co., has an interest herein. INC.

[RULE 144A GLOBAL NOTE]

[REGULATION S GLOBAL NOTE]

[UNRESTRICTED GLOBAL NOTE]

representing up to and including

US$400,000,000

71/4% Senior Notes due 2009'>DOLE FOOD COMPANY, INC.

[RULE 144A GLOBAL NOTE]

[REGULATION S GLOBAL NOTE]

[UNRESTRICTED GLOBAL NOTE]

representing up to and including

US$400,000,000

71/4% Senior Notes due 2009Dole Food Company, Inc., a Delaware corporation, (the "Company," which term includes any successor
Person under the Indenture referred to on the reverse hereof), for value received, hereby promises to pay Cede & Co., c/o the Depository Trust Company, 55 Water Street, New York, New York
10041, 

        or
registered assigns, the principal sum set forth on Schedule 1 hereto on May 1, 2009 (the "Stated Maturity Date"), unless
redeemed prior to such date in accordance with the provisions referred to on the reverse hereof (the Stated Maturity Date or date of earlier redemption, as the case may be, is referred to herein as
the "Maturity Date" with respect to the principal repayable on such date), and to pay interest on the outstanding principal sum of this Note from April 30, 2002 or from the most recent
"Interest Payment Date" to which interest has been paid or duly provided for, semiannually on May 1 and November 1 of each year,
commencing November 1, 2002, and on the Maturity Date, at the rate of 71/4% per annum, until the principal hereof and Make-Whole Amount (as defined in the Indenture),
if any, applicable hereto is paid or duly provided for; provided that if any Registration Default with respect to this Note occurs under the
Registration Rights Agreement, then as provided in the Registration Rights Agreement, the per annum interest rate on this Note will increase for the period from the occurrence of such Registration
Default until such time as no Registration Default is in effect with respect to this Note (at which time the interest rate will be reduced to its initial rate). The interest so payable, and punctually
paid or duly provided for, on any Interest Payment Date will, as provided in the Indenture, be paid to the Person in whose name this Note (or one or more Predecessor Notes) is registered at the close
of business on the "Regular Record Date" for such interest, which shall be the April 15 or October 15 (whether or not a Business Day, as
defined below), as the case may be, next preceding such Interest Payment Date. Any such interest not so punctually paid or duly provided for shall forthwith cease to be payable to the Holder on such
Regular Record Date and shall be payable as provided in the Indenture. 

B-3

 

        The
Company will at all times appoint and maintain a Paying Agent (which may be the Trustee) authorized by the Company to pay the principal of and Make-Whole Amount, if any,
and interest on any Notes on behalf of the Company and having an office or agency in The City of New York and in such other cities, if any, as the Company may designate in writing to the Trustee (the
"Place of Payment") where Notes may be presented or surrendered for payment and where notices, designations or requests in respect for payments with
respect to Notes may be served. The Company has initially appointed J. P. Morgan Trust Association, National Association, as such Paying Agent. 

        Interest
payments on this Note will be computed and paid on the basis of a 360-day year of twelve 30-day months. Interest payable on this Note on any Interest
Payment Date and on the Maturity Date will include interest accrued from and including the most recent Interest Payment Date to which interest has been paid or duly provided for (or from and including
April 30, 2002, if no interest has been paid on this Note) to but excluding such Interest Payment Date or the Maturity Date, as the case may be. 

        If
any Interest Payment Date or the Maturity Date falls on a day that is not a Business Day, principal, Make-Whole Amount and/or interest payable with respect to such
Interest Payment Date or Maturity Date, as the case may be, will be paid on the next succeeding Business Day with the same force and effect as if it were paid on the date such payment was due, and no
interest shall accrue on the amount so payable for the period from and after such Interest Payment Date or the Maturity Date, as the case may be, to the next succeeding Business Day.
"Business Day" means any day, other than Saturday or Sunday, that is neither a legal holiday nor a day on which commercial banks are authorized or
required by law, regulation or executive order to close in The City of New York or San Francisco. 

        The
principal, Make-Whole Amount and interest payable on this Note will be made by wire transfer of immediately available funds to the Holder hereof in such currency of the
United States of America as at the time of payment is legal tender for the payment of public and private debts. 

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

        Unless
the Certificate of Authentication hereon has been executed by the Trustee by manual signature, this Note shall not be entitled to any benefit under the Indenture or be valid or
obligatory for any purpose. 

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

	 	 	 	 	DOLE FOOD COMPANY, INC.
	

 	
 	

 	
 	

 	

 
	 	 	 	 	By:
	 	 	 	 	
 Name:

Title:
	Attest:	 	 	 
	By:	 	 	 	 	 
	 	 	
 Name:

Title:	 	 	 

B-4

 
 
 

Certificate of Authentication    
  

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

	 	 	 	 	J. P. MORGAN TRUST COMPANY, NATIONAL ASSOCIATION,

        as Trustee
	

 	
 	

 	
 	

 	

 
	 	 	 	 	By:
	 	 	 	 	
 Authorized Signatory
	

Dated:	
 	

 	

 

B-5

   
[FORM OF REVERSE OF GLOBAL NOTE]

DOLE FOOD COMPANY, INC.

71/4% Senior Note due 2009'>[FORM OF REVERSE OF GLOBAL NOTE]

DOLE FOOD COMPANY, INC.

71/4% Senior Note due 2009This Note is one of a duly authorized issue of notes of the Company (herein called the "Notes"), issued under
an Indenture dated as of July 15, 1993, as supplemented by the First Supplemental Indenture dated as of April 30, 2002 (as so supplemented, the
"Indenture") among the Company and J. P. Morgan Trust Company, National Association, as Trustee (the
"Trustee," which term includes any successor trustee under the Indenture), to which Indenture and all indentures supplemental thereto reference is
hereby made for a statement of the respective rights, limitations of rights, duties and immunities thereunder of the Company, the Trustee and the Holders of the Notes and of the terms upon which the
Notes are, and are to be, authenticated and delivered. This Note is one of the series designated as the "71/4% Senior Notes due 2009" (the "Notes"), limited initially in aggregate
principal amount to US$400,000,000. Capitalized terms used herein but not defined have the meanings ascribed to such terms in the Indenture. 

        This
Note is not subject to any sinking fund. 

        The
Indenture provides that the Notes are redeemable at any time in whole, or from time to time in part, at a Redemption Price (as defined in the Indenture) equal to the sum of 100% of
the aggregate principal amount of the Notes redeemed, unpaid interest accrued on those Notes to the Redemption Date (as defined in the Indenture) and the Make-Whole Amount, if any,
applicable thereto; provided, however, that installments of interest on Notes due on an Interest Payment Date which occurs on or before any Redemption
Date shall be payable to the Holders of such Notes who were registered Holders as of the close of business on the Regular Record Date immediately preceding such Interest Payment Date. The Notes are
redeemable on not less than 30 nor more than 60 calendar days' prior written notice. 

        In
case an Event of Default with respect to the Notes shall occur and be continuing, the principal of the Notes may be, and in certain cases shall be, declared due and payable in the
manner and with the effect provided in the Indenture. 

        The
Indenture contains provisions for defeasance at any time of (i) the entire indebtedness of this Note or (ii) certain respective covenants and Events of Default with
respect to this Note, in each case upon compliance with certain conditions set forth therein, which provisions apply to the Notes. 

        The
Holder of this Note is entitled to the benefits of the Registration Rights Agreement in accordance with its terms. 

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

B-6

 

        No
reference herein to the Indenture and no provision of this Note or of the Indenture shall alter or impair the obligation of the Company, which is absolute and unconditional, to pay
the principal of and Make-Whole Amount, if any, and interest on this Note at the times, places and rate, and in the currency herein prescribed. 

        As
provided in the Indenture and subject to certain limitations herein and therein set forth, the transfer of this Note is registrable in the Register, upon surrender of this Note for
registration of transfer at the office or agency of the Company in the Place of Payment, duly endorsed by, or accompanied by a written instrument of transfer in form satisfactory to the Company and
the Security Registrar, duly executed by, the Holder hereof or its attorney duly authorized in writing, and thereupon one or more new Notes and of like tenor, of authorized denominations and for the
same aggregate principal amount, will be issued to the designated transferee or transferees. 

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

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

        Prior
to due presentment of this Note for registration of transfer, the Company, the Trustee and any agent of the Company or the Trustee may treat the Person in whose name this Note is
registered as the owner hereof for all purposes, whether or not this Note be overdue, and none of the Company, the Trustee or any such agent shall be affected by notice to the contrary. 

        No
recourse under or upon any obligation, covenant or agreement of the Company in the Indenture or any indenture supplemental thereto or in any Note, or because of the creation of any
indebtedness represented thereby, shall be had against any incorporator, stockholder, officer or director, as such, of the Company or of any successor thereto, either directly or through the Company
or any successor thereto. 

        This
Note and the Indenture are governed by and construed in accordance with the internal laws of the State of New York. 

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

B-7

  

        Schedule 1

 
 

SCHEDULE OF CHANGES IN OUTSTANDING PRINCIPAL AMOUNT    
  

        The following notations in respect of changes in the outstanding principal amount of this Global Note have been made: 

	Date
	 	Initial Principal Amount
	 	Change in Outstanding

Principal Amount
	 	New

Balance
	 	Notation

Made by

	 	 	 	 	 	 	 	 	 

B-8

  

EXHIBIT C  

 
 

FORM OF TRANSFER/EXCHANGE CERTIFICATE
  FOR TRANSFER/EXCHANGE FROM RESTRICTED CERTIFICATED
  NOTE TO BENEFICIAL INTERESTS IN A RULE 144A GLOBAL NOTE
  (Transfers and exchanges pursuant to § 211(a)(i)(A) of the
First Supplemental Indenture)    
  

J.P.
MORGAN TRUST COMPANY, NATIONAL ASSOCIATION 

[ADDRESS]

Re: 71/4% Senior Notes due 2009 of Dole Food Company, Inc. (the "Notes")  

        Reference is hereby made to the Indenture, dated as of July 15, 1993, as supplemented by the First Supplemental Indenture dated as of April 30, 2002
(as supplemented, the "Indenture"), among Dole Food Company, Inc. (the "Company") and J.P. Morgan Trust Company, National Association, as trustee (the "Trustee"). Capitalized terms used but not
defined herein shall have the meanings given to them in the Indenture. 

        This
letter relates to US$                        principal amount of Restricted Certificated Notes presented or surrendered on the
date hereof (the "Surrendered Notes") which are registered in
the name of [insert name of transferor/exchanger] (the "Transferor"). The Transferor has requested a transfer or exchange of such Surrendered Notes to a person that will take
delivery thereof in the form of beneficial interests in one or more Rule 144A Global Notes (CUSIP [ISIN] No.            ). 

        In
connection with such request and in respect of such Surrendered Notes, the Transferor does hereby certify that such transfer or exchange is being effected pursuant to and in
accordance with Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"), and, accordingly, the Transferor does hereby further certify that the Surrendered Notes are being
transferred to a person that the Transferor reasonably believes is purchasing the Surrendered Notes for its own account, or for one or more accounts with respect to which such person exercises sole
investment discretion, and such person and each such account is a "qualified institutional buyer" within the meaning of Rule 144A to whom notice has been given that the transfer is being made
in reliance on Rule 144A, in each case in a transaction meeting the requirements of Rule 144A, and in accordance with any applicable securities laws of any state of the United States or
any other jurisdiction. 

        This
certificate and the statements contained herein are made for your benefit and the benefit of the Company and the initial purchasers, if any, of the initial offering of such Notes
being transferred or exchanged. 

	[Insert Name of Transferor]	 	 
	

By:	

 	
 	

 
	
 Name:

Title:	 	 
	

Dated:	

 	
 	

 
	
	 	 
	

cc: DOLE FOOD COMPANY, INC.

C-1

  

EXHIBIT D  

  
 

    FORM OF TRANSFER/EXCHANGE CERTIFICATE
  FOR TRANSFER/EXCHANGE FROM RESTRICTED CERTIFICATED
  NOTE TO BENEFICIAL INTERESTS IN A REGULATION S GLOBAL NOTE
  (Transfers and exchanges pursuant to § 211(a)(i)(B) of the First
Supplemental Indenture)    
  

J.P.
Morgan Trust Company, National Association

[Address] 

Re: 71/4% Senior Notes due 2009 of Dole Food Company (the "Notes")

        Reference
is hereby made to the Indenture, dated as of July 15, 1993, as supplemented by the First Supplemental Indenture dated as of April 30, 2002 (as supplemented, the
"Indenture"), among Dole Food Company, Inc. (the "Company") and J.P. Morgan Trust Company, National Association, as trustee (the "Trustee"). Capitalized terms used but not defined herein shall
have the meanings given to them in the Indenture. 

        This
letter relates to US$                        principal amount of Restricted Certificated Notes presented or surrendered on the
date hereof (the "Surrendered Notes") which are registered in
the name of [insert name of transferor/exchanger] (the "Transferor"). The Transferor has requested a transfer or exchange of such Surrendered Notes to a person that will take
delivery thereof in the form of beneficial interests in one or more Regulation S Global Notes (CUSIP [ISIN] No.            ) [include if the transfer is
made during the Distribution Compliance Period: which amount, immediately after such transfer, is to be held with the Depositary through Euroclear or Clearstream or both (Common
Code:                        )
until [40 days after the Closing Date]. 

        In
connection with such request and in respect of such Notes, the Transferor does hereby certify that such transfer or exchange has been effected pursuant to and in accordance with
Rule 903 or Rule 904 (as applicable) under the Securities Act of 1933, as amended (the "Securities Act"), and accordingly the Transferor does hereby further certify that: 

	(1)
	the
offer of the Notes was not made to a U.S. person;

	(2)
	either:

	(A)
	at
the time the buy order was originated, the transferee or exchangee was outside the United States or the Transferor and any person acting on its behalf reasonably believed that the
transferee or exchangee was outside the United States, or

	(B)
	the
transaction was executed in, on or through the facilities of a designated offshore securities market and neither the Transferor nor any person acting on its behalf knows that the
transaction was pre-arranged with a buyer in the United States; 

	(3)
	no
directed selling efforts have been made in contravention of the requirements of Rule 903(a) or 904(a) of Regulation S, as applicable;

	(4)
	the
transaction is not part of a plan or scheme to evade the registration requirements of the Securities Act; and

	(5)
	[include
if the transfer is made during the Distribution Compliance Period: upon completion of the transaction, the Notes being transferred as described above are to be
held with the Depositary through Euroclear or Clearstream or both (Common Code) until 40 days after the Closing Date]. 

        This
certificate and the statements contained herein are made for your benefit and the benefit of the Company and the initial purchasers, if any, of the initial offering of such Notes
being transferred or 

D-1

 

exchanged. Terms used in this certificate and not otherwise defined in the Indenture have the meanings set forth in Regulation S under the Securities Act. 

	[Insert Name of Transferor]	 	 
	

By:	

 	
 	

 
	
 Name:

Title:	 	 
	

Dated:	

 	
 	

 
	
	 	 
	

cc: DOLE FOOD COMPANY, INC.

D-2

  

EXHIBIT E  

 
 

FORM OF TRANSFER/EXCHANGE CERTIFICATE
  FOR TRANSFER/EXCHANGE FROM RULE 144A GLOBAL
  NOTE TO BENEFICIAL INTERESTS IN A REGULATION S GLOBAL NOTE
  (Transfers and exchanges pursuant to § 211(a)(ii)(A) of the
First Supplemental Indenture)    
  

J.P.
Morgan Trust Company, National Association

[Address] 

Re: 71/4% Senior Notes due 2009 of Dole Food Company, Inc. (the "Notes")  

        Reference is hereby made to the Indenture, dated as of July 15, 1993, as supplemented by the First Supplemental Indenture dated as of April 30, 2002
(as supplemented, the "Indenture"), among Dole Food Company, Inc. (the "Company"), and J.P. Morgan Trust Company, National Association, as trustee (the "Trustee"). Capitalized terms used but
not defined herein shall have the meanings given to them in the Indenture. 

        This
letter relates to US$                        principal amount of Notes which are evidenced by one or more Rule 144A Global
Notes (CUSIP No.            ) and held with the
Depositary and its participants for [insert name of transferor/exchanger] (the "Transferor"). The Transferor has requested a transfer or exchange of such beneficial interest in
the Rule 144A Global Notes to a person who will take delivery thereof in the form of beneficial interests in one or more Regulation S Global Notes (CUSIP [ISIN]
No.            and Common Code #                        ) [include if
the transfer is made during the Distribution Compliance Period: which amount, immediately after such transfer, is to be
held with the Depositary through Euroclear or Clearstream or both until 40 days after the Closing Date]. 

        In
connection with such request and in respect of such Notes, the Transferor does hereby certify that such transfer or exchange has been effected pursuant to and in accordance with
Rule 903 or Rule 904 (as applicable) under the Securities Act of 1933, as amended (the "Securities Act"), and accordingly the Transferor does hereby further certify that: 

	(1)
	the
offer of the Notes was not made to a U.S. person;

	(2)
	either:

	(A)
	at
the time the buy order was originated, the transferee or exchangee was outside the United States or the Transferor and any person acting on its behalf reasonably believed that the
transferee or exchangee was outside the United States, or

	(B)
	the
transaction was executed in, on or through the facilities of a designated offshore securities market and neither the Transferor nor any person acting on its behalf knows that the
transaction was pre-arranged with a buyer in the United States; 

	(3)
	no
directed selling efforts have been made by the Transferor or any person acting on its behalf in contravention of the requirements of Rule 903(a)(2) or 904(a)(2) of
Regulation S, as applicable;

	(4)
	the
transaction is not part of a plan or scheme to evade the registration requirements of the Securities Act; and

	(5)
	[include
if the transfer is made during the Distribution Compliance Period: upon completion of the transaction, the beneficial interest being transferred as described
above is to be held with the Depositary through Euroclear or Clearstream or both until 40 days after the Closing Date]. 

F-1

 

        This
certificate and the statements contained herein are made for your benefit and the benefit of the Company and the initial purchasers, if any, of the initial offering of such Notes
being transferred or exchanged. Terms used in this certificate and not otherwise defined in the Indenture have the meanings set forth in Regulation S under the Securities Act. 

	[Insert Name of Transferor]	 	 
	

By:	

 	
 	

 
	
 Name:

Title:	 	 
	

Dated:	

 	
 	

 
	
	 	 
	

cc: DOLE FOOD COMPANY, INC.

F-2

  

EXHIBIT F  

  
 

    FORM OF TRANSFER/EXCHANGE CERTIFICATES
  FOR TRANSFER/EXCHANGE FROM REGULATION S GLOBAL
  NOTE TO BENEFICIAL INTERESTS IN A RULE 144A GLOBAL NOTE
  (Transfers and exchanges pursuant to §211(b) of the First Supplemental
Indenture)
  [Transferor Certificate]    
  

J.P.
Morgan Trust Company, National Association

[Address] 

Re: 71/4% Senior Notes due 2009 of Dole Food Company, Inc. (the "Notes")  

        Reference
is hereby made to the Indenture, dated as of July 15, 1993, as supplemented by the First Supplemental Indenture dated as of April 30, 2002 (as supplemented, the
"Indenture"), among Dole Food Company, Inc. (the "Company") and J.P. Morgan Trust Company, National Association, as trustee (the "Trustee"). Capitalized terms used but not defined herein shall
have the meanings given to them in the Indenture. 

        This
letter relates to US$                        principal amount of Notes which are evidenced by one or more Regulation S Global
Notes (ISIN No.            ) (Common Code:
                        ) and held with the Depositary through [Euroclear] [Clearstream] for [insert name of transferor/exchanger]
(the
"Transferor"). The Transferor has requested a transfer or exchange of such beneficial interest in the Regulation S Global Notes to a person that will take delivery thereof (the "Transferee") in
the form of beneficial interests in one or more Rule 144A Global Notes (CUSIP No.            ). 

        In
connection with such request and in respect of such Notes, the Transferor does hereby certify that the transfer or exchange is to a QIB purchasing the Notes for its own account or for
the accounts of one or more QIBs as to which it exercises sole investment discretion, in a transaction meeting the requirements of Rule 144A, and to whom notice has been given that the transfer
as being made in reliance upon Rule 144A, in each case, in accordance with any applicable securities laws of any state of the United States or any other jurisdiction. 

        This
certificate and the statements contained herein are made for your benefit and the benefit of the Company and the initial purchasers, if any, of the initial offering of such Notes
being transferred or exchanged. 

	[Insert Name of Transferor]	 	 
	

By:	

 	
 	

 
	
 Name:

Title:	 	 
	

Dated:	

 	
 	

 
	
	 	 
	

cc: DOLE FOOD COMPANY, INC.

H-1

  

EXHIBIT G  

  
 

    FORM OF PURCHASER'S LETTER    
  

Dole
Food Company, Inc.

c/o J.P. Morgan Trust Company, National Association

55 Water St., North Building

Securities Window, Second Floor

New York, New York 10048 

Dear
Sirs: 

        In
connection with our proposed purchase of $                  aggregate principal amount of the 71/4% Notes due 2009 (the "Notes") of
Dole Food Company, Inc., a
Delaware corporation, we confirm that: 

	(i)
	we
are an institutional "accredited investor" within the meaning of Rule 501(a)(1), (2), (3) or (7) under the Securities Act of 1933, as amended (the "Securities
Act") (an "institutional accredited investor");

	(ii)
	any
purchase of the notes by us will be for our own account or for the account of one or more other institutional accredited investors for which we exercise sole investment
discretion;

	(iii)
	in
the event that we purchase any of the notes, we will acquire notes having a minimum purchase price of not less than $100,000, in each case for our own account or for any separate
account for which we are acting;

	(iv)
	we
have such knowledge and experience in financial and business matters that we are capable of evaluating the merits and risks of purchasing the notes;

	(v)
	we
are not acquiring the notes with a view to, or for offer or sale in connection with, any distribution in violation of the Securities Act; and

	(vi)
	we
have received a copy of the offering memorandum and acknowledge that we have had access to such financial and other information, and have been afforded the opportunity to ask such
questions of representatives of the Company and receive answers thereto, as we deem necessary in connection with our decision to purchase the notes. 

        We
understand that the notes are being offered in a transaction not involving any public offering within the United States within the meaning of the Securities Act and that the notes
have not been registered under the Securities Act, and we agree, on our own behalf and on behalf of each account for which we acquire any notes, that if in the future we decide to offer, resell,
pledge or otherwise transfer such notes, such notes may be offered, resold, pledged or otherwise transferred only (i) to the Company or any of its subsidiaries, (ii) to a person whom we
reasonably believe is a "qualified institutional buyer" (as defined in Rule 144A under the Securities Act), (iii) to a person whom we reasonably believe is an institutional accredited
investor in a transaction in which the institutional accredited investor, prior to the transfer, furnishes to the trustee a signed letter substantially in the form of this letter, (iv) outside
the United States in a transaction in accordance with Rule 904 under the Securities Act, (v) pursuant to an exemption from registration provided by Rule 144 under the Securities
Act (if available), (vi) pursuant to any other available exemption from the registration requirements of the Securities Act or (vii) pursuant to an effective registration statement under
the Securities Act, in each of cases (i) through (vii), in accordance with any applicable securities laws of any state of the United States or any other applicable jurisdiction. We understand
that, prior to any transfer referred to in clause (iii), (iv), (v) or (vi) of the preceding sentence, we must furnish to the trustee for the notes such certifications, legal
opinions and other information as the Company may 

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reasonably require to confirm that such transfer is being made pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act. 

        We
acknowledge that you, the Company and others will rely upon our confirmations, acknowledgements and agreements set forth herein, and we agree to notify you promptly in writing if any
of our representations or warranties herein ceases to be accurate and complete. 

        THIS LETTER SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK, WITHOUT REGARD TO PRINCIPLES OF CONFLICTS OF
LAWS.

	

Date:	
 	

 	
 	

 	
 	

 
	 	 	
	 	

	 	 	 	 	(Name of Purchaser)
	

 	
 	

 	
 	

By:	
 	

 
	 	 	 	 	

	 	 	 	 	 	 	Name:

Title:
	 	 	 	 	Address:

        Upon
transfer or exchange the Notes would be registered in the name of the new owner as follows: 

	Name
	 	Address
	 	Taxpayer I.D.

Number

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QuickLinks

RECITALS

ARTICLE ONE DEFINITIONS AND OTHER PROVISIONS OF GENERAL APPLICATION

ARTICLE TWO

TITLE AND TERMS OF THE NOTES

ARTICLE THREE AMENDMENT

ARTICLE FOUR MISCELLANEOUS PROVISIONS

FORM OF FACE OF CERTIFICATED NOTE

CERTIFICATE OF AUTHENTICATION

ABBREVIATIONS

ASSIGNMENT

FORM OF GLOBAL NOTE

Certificate of Authentication

SCHEDULE OF CHANGES IN OUTSTANDING PRINCIPAL AMOUNT

FORM OF TRANSFER/EXCHANGE CERTIFICATE FOR TRANSFER/EXCHANGE FROM RESTRICTED CERTIFICATED NOTE TO BENEFICIAL INTERESTS IN A RULE 144A GLOBAL NOTE (Transfers and exchanges pursuant to § 211(a)(i)(A) of the
First Supplemental Indenture)

FORM OF TRANSFER/EXCHANGE CERTIFICATE FOR TRANSFER/EXCHANGE FROM RESTRICTED CERTIFICATED NOTE TO BENEFICIAL INTERESTS IN A REGULATION S GLOBAL NOTE (Transfers and exchanges pursuant to § 211(a)(i)(B) of the
First Supplemental Indenture)

FORM OF TRANSFER/EXCHANGE CERTIFICATE FOR TRANSFER/EXCHANGE FROM RULE 144A GLOBAL NOTE TO BENEFICIAL INTERESTS IN A REGULATION S GLOBAL NOTE (Transfers and exchanges pursuant to § 211(a)(ii)(A) of the First
Supplemental Indenture)

FORM OF TRANSFER/EXCHANGE CERTIFICATES FOR TRANSFER/EXCHANGE FROM REGULATION S GLOBAL NOTE TO BENEFICIAL INTERESTS IN A RULE 144A GLOBAL NOTE (Transfers and exchanges pursuant to §211(b) of the First
Supplemental Indenture) [Transferor Certificate]

FORM OF PURCHASER'S LETTER

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