Document:

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                                                                     EXHIBIT 4.1

                              MASSEY ENERGY COMPANY

                                   ----------

                                Senior Indenture

                            Dated as of May 29, 2003

                                   ----------

                            Wilmington Trust Company,
                                     Trustee

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                                TABLE OF CONTENTS

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                                                  ARTICLE One
                            Definitions and Other Provisions of General Application

Section 101.      Definitions................................................................................1

Section 102.      Compliance Certificates and Opinions.......................................................6

Section 103.      Form of Documents Delivered to Trustee.....................................................7

Section 104.      Acts of Holders; Record Dates..............................................................8

Section 105.      Notices, Etc., to Trustee and Company.....................................................10

Section 106.      Notice to Holders; Waiver.................................................................10

Section 107.      Conflict with Trust Indenture Act.........................................................11

Section 108.      Effect of Headings and Table of Contents..................................................11

Section 109.      Successors and Assigns....................................................................11

Section 110.      Separability Clause.......................................................................11

Section 111.      Benefits of Indenture.....................................................................11

Section 112.      Governing Law.............................................................................11

Section 113.      Legal Holidays............................................................................11

                                                  ARTICLE Two
                                                Security Forms

Section 201.      Forms Generally...........................................................................12

Section 202.      Form of Face of Security..................................................................12

Section 203.      Form of Reverse of Security...............................................................14

Section 204.      Form of Legend for Global Securities......................................................17

Section 205.      Form of Trustee's Certificate of Authentication...........................................17

                                                 ARTICLE Three
                                                The Securities

Section 301.      Amount Unlimited; Issuable in Series......................................................18

Section 302.      Denominations.............................................................................21

Section 303.      Execution, Authentication, Delivery and Dating............................................21

Section 304.      Temporary Securities......................................................................23

Section 305.      Registration; Registration of Transfer and Exchange.......................................23

Section 306.      Mutilated, Destroyed, Lost and Stolen Securities..........................................25

Section 307.      Payment of Interest; Interest Rights Preserved............................................26
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                                TABLE OF CONTENTS
                                   (continued)

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Section 308.      Persons Deemed Owners.....................................................................27

Section 309.      Cancellation..............................................................................27

Section 310.      Computation of Interest...................................................................27

Section 311.      CUSIP Numbers.............................................................................27

                                                 ARTICLE Four
                                          Satisfaction and Discharge

Section 401.      Satisfaction and Discharge of Indenture...................................................28

Section 402.      Application of Trust Money................................................................29

                                                 ARTICLE Five
                                                   Remedies

Section 501.      Events of Default.........................................................................29

Section 502.      Acceleration of Maturity; Rescission and Annulment........................................31

Section 503.      Collection of Indebtedness and Suits for Enforcement by Trustee...........................32

Section 504.      Trustee May File Proofs of Claim..........................................................32

Section 505.      Trustee May Enforce Claims Without Possession of Securities...............................33

Section 506.      Application of Money Collected............................................................33

Section 507.      Limitation on Suits.......................................................................33

Section 508.      Unconditional Right of Holders to Receive Principal, Premium and Interest.................34

Section 509.      Restoration of Rights and Remedies........................................................34

Section 510.      Rights and Remedies Cumulative............................................................34

Section 511.      Delay or Omission Not Waiver..............................................................34

Section 512.      Control by Holders........................................................................35

Section 513.      Waiver of Past Defaults...................................................................35

Section 514.      Undertaking for Costs.....................................................................35

Section 515.      Waiver of Stay or Extension Laws..........................................................36

                                                  ARTICLE Six
                                                  The Trustee

Section 601.      Certain Duties and Responsibilities.......................................................36

Section 602.      Notice of Defaults........................................................................36

Section 603.      Certain Rights of Trustee.................................................................36
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                                TABLE OF CONTENTS
                                   (continued)

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Section 604.      Not Responsible for Recitals or Issuance of Securities....................................37

Section 605.      May Hold Securities.......................................................................37

Section 606.      Money Held in Trust.......................................................................38

Section 607.      Compensation and Reimbursement............................................................38

Section 608.      Conflicting Interests.....................................................................39

Section 609.      Corporate Trustee Required; Eligibility...................................................39

Section 610.      Resignation and Removal; Appointment of Successor.........................................39

Section 611.      Acceptance of Appointment by Successor....................................................40

Section 612.      Merger, Conversion, Consolidation or Succession to Business...............................41

Section 613.      Preferential Collection of Claims Against Company.........................................42

Section 614.      Appointment of Authenticating Agent.......................................................42

                                                 ARTICLE Seven
                               Holders' Lists and Reports by Trustee and Company

Section 701.      Company to Furnish Trustee Names and Addresses of Holders.................................43

Section 702.      Preservation of Information; Communications to Holders....................................44

Section 703.      Reports by Trustee........................................................................44

Section 704.      Reports by Company........................................................................44

                                                 ARTICLE Eight
                                 Consolidation, Merger, Conveyance or Transfer

Section 801.      Company May Consolidate, Etc., on Certain Terms...........................................44

Section 802.      Successor Substituted.....................................................................45

                                                 ARTICLE Nine
                                            Supplemental Indentures

Section 901.      Supplemental Indentures Without Consent of Holders........................................45

Section 902.      Supplemental Indentures With Consent of Holders...........................................46

Section 903.      Execution of Supplemental Indentures......................................................47

Section 904.      Effect of Supplemental Indentures.........................................................47

Section 905.      Conformity with Trust Indenture Act.......................................................48

Section 906.      Reference in Securities to Supplemental Indentures........................................48
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                                TABLE OF CONTENTS
                                   (continued)

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                                                  ARTICLE Ten
                                                   Covenants

Section 1001.     Payment of Principal, Premium and Interest................................................48

Section 1002.     Maintenance of Office or Agency...........................................................48

Section 1003.     Money for Securities Payments to Be Held in Trust.........................................49

Section 1004.     Limitation on Liens.......................................................................50

Section 1005.     Statement by Officers as to Default.......................................................52

Section 1006.     Waiver of Certain Covenants...............................................................52

Section 1007.     Calculation of Original Issue Discount....................................................53

                                                ARTICLE Eleven
                                           Redemption of Securities

Section 1101.     Applicability of Article..................................................................53

Section 1102.     Election to Redeem; Notice to Trustee.....................................................53

Section 1103.     Selection by Trustee of Securities to Be Redeemed.........................................53

Section 1104.     Notice of Redemption......................................................................54

Section 1105.     Securities Payable on Redemption Date.....................................................55

Section 1106.     Securities Redeemed in Part...............................................................55

                                                ARTICLE Twelve
                                                 Sinking Funds

Section 1201.     Applicability of Article..................................................................56

Section 1202.     Satisfaction of Sinking Fund Payments with Securities.....................................56

Section 1203.     Redemption of Securities for Sinking Fund.................................................56

                                               ARTICLE Thirteen
                                      Defeasance and Covenant Defeasance

Section 1301.     Applicability of Article..................................................................57

Section 1302.     Defeasance and Discharge..................................................................57

Section 1303.     Covenant Defeasance.......................................................................57

Section 1304.     Conditions to Defeasance or Covenant Defeasance...........................................58

Section 1305.     Deposited Money and Government Obligations to Be Held in Trust; Miscellaneous Provisions..59
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                                TABLE OF CONTENTS
                                   (continued)

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                                               ARTICLE Fourteen
                        Immunity of Incorporators, Stockholders, Officers and Directors

Section 1401.     Indenture and Securities Solely Corporate Obligations.....................................60
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                 CERTAIN SECTIONS OF THIS INDENTURE RELATING TO
                   SECTIONS 310 THROUGH 318, INCLUSIVE, OF THE
                          TRUST INDENTURE ACT OF 1939:

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    Trust                                                                                    Indenture
Indenture Act                                                                                 Section
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<S>                                                                                       <C>
Section 310    (a)(1)...................................................................  609
               (a)(2)...................................................................  609
               (a)(3)...................................................................  Not Applicable
               (a)(4)...................................................................  Not Applicable
               (b)......................................................................  608
                                                                                          610
Section 311    (a)......................................................................  613
               (b)......................................................................  613
Section 312    (a)......................................................................  701
                                                                                          702
               (b)......................................................................  702
               (c)......................................................................  702
Section 313    (a)......................................................................  703
               (b)......................................................................  703
               (c)......................................................................  703
               (d)......................................................................  703
Section 314    (a)......................................................................  704
               (a)(4)...................................................................  101
                                                                                          1005
               (b)......................................................................  Not Applicable
               (c)(1)...................................................................  102
               (c)(2)...................................................................  102
               (c)(3)                                                                     Not Applicable
               (d)......................................................................  Not Applicable
               (e)......................................................................  102
Section 315    (a)......................................................................  601
               (b)......................................................................  602
               (c)......................................................................  601
               (d)......................................................................  601
               (e)......................................................................  514
Section 316    (a)......................................................................  101
               (a)(1)(A)................................................................  502
                                                                                          512
               (a)(1)(B)................................................................  513
               (a)(2)...................................................................  Not Applicable
               (b)......................................................................  508
               (c)......................................................................  104
Section 317    (a)(1)...................................................................  503
               (a)(2)...................................................................  504
               (b)......................................................................  1003
Section 318    (a)......................................................................  107
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Note: This reconciliation and tie shall not, for any purpose, be deemed to be a
part of the Indenture.

<PAGE>

         INDENTURE, dated as of May 29, 2003, between Massey Energy Company, a
corporation duly organized and existing under the laws of the State of Delaware
(herein called the "Company"), having its principal office at 4 North 4th
Street, Richmond, Virginia 23219, A.T. Massey Coal Company, Inc., a Virginia
corporation and a wholly owned subsidiary of the Company, as guarantor (the
"Guarantor"), and Wilmington Trust Company, a Delaware banking corporation, 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 senior
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 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 in the United
         States of America;

                  (4)   unless the context otherwise requires, any reference to
         an "Article" or a "Section" refers to an Article or a Section, as the
         case may be, of this Indenture; and

<PAGE>

                  (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.

         "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.

         "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," means, with respect to any Security, 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 a day on which the Corporate Trust
Office of the Trustee is closed.

         "Commission" means the Securities and Exchange Commission, 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 President or
a Vice President, and by its Treasurer, an Assistant Treasurer, its Secretary or
an Assistant Secretary, and delivered to the Trustee.

         "Consolidated Net Tangible Assets" means the aggregate amount of assets
(less applicable reserves and other properly deducted items), after deducting
therefrom (a) all goodwill, tradenames, trademarks, patents, unamortized debt
discount and expense and other like intangibles, and (b) all current
liabilities, as reflected in the Company's latest audited consolidated balance
sheet contained in the Company's most recent annual report to its stockholders.

                                        2

<PAGE>

         "Corporate Trust Office" means the office of the Trustee at which at
any particular time its corporate trust business shall be principally
administered, which office at the date hereof is located at 1100 North Market
Street, Wilmington, Delaware 19890.

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

         "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.

         "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.

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

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

         "Expiration Date" has the meaning specified in Section 104.

         "Global Security" means a Security that evidences all or part of the
Securities of any series which is issued to a Depositary or a nominee thereof
for such series in accordance with Section 301(17).

         "Government Obligation" has the meaning specified in Section 1304.

         "Guarantee" means, in respect of any Indebtedness, any obligation,
contingent or otherwise, of any Person directly or indirectly guaranteeing such
Indebtedness pursuant to Article 15 hereof.

         "Guarantor" means the party named as the "Guarantor" in the first
paragraph of this Indenture until released pursuant to the applicable provisions
of this Indenture.

         "Holder" means a Person in whose name a Security is registered in the
Security Register.

         "Indebtedness" means, with respect to any Person on any date of
determination, without duplication, (i) the principal of and premium (if any) in
respect of indebtedness of such Person for borrowed money and (ii) the principal
of and premium (if any) in respect of obligations of such Person evidenced by
bonds, debentures, notes or other similar instruments; provided, however, that
Indebtedness shall not include any indebtedness of a Subsidiary to the Company
or another Subsidiary.

         "Indenture" means this instrument as originally executed and as it may
from time to time be supplemented or amended by one or more indentures
supplemental hereto entered into

                                        3

<PAGE>

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.

         "Investment Company Act" means the Investment Company Act of 1940 and
any statute successor thereto, in each case as amended from time to time.

         "Lien" means any mortgage, lien, pledge, charge, security interest or
other encumbrance.

         "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.

         "Notice of Default" means a written notice of the kind specified in
Section 501(4).

         "Officers' Certificate" means a certificate signed by the 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 1005 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, or other counsel who shall be reasonably acceptable to
the Trustee.

         "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 the necessary
         amount of money or money's worth 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;
         provided that, if such Securities are to be redeemed, notice of such
         redemption

                                        4

<PAGE>

         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

                  (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, made or
taken any request, demand, authorization, direction, notice, consent, waiver or
other action hereunder as of any date, (A) the principal amount of an Original
Issue Discount Security which shall be deemed to be Outstanding shall be the
amount of the principal thereof which would be due and payable as of such date
upon acceleration of the Maturity thereof to such date pursuant to Section 502,
(B) if, as of such date, the principal amount payable at the Stated Maturity of
a Security is not determinable, the principal amount of such Security which
shall be deemed to be Outstanding shall be the amount as specified or determined
as contemplated by Section 301, (C) the principal amount of a Security
denominated in one or more foreign currencies or currency units which shall be
deemed to be Outstanding shall be the U.S. dollar equivalent, determined as of
such date in the manner provided as contemplated by Section 301, of the
principal amount of such Security (or, in the case of a Security described in
Clause (A) or (B) above, of the amount determined as provided in such Clause),
and (D) Securities owned by the Company or any other obligor upon the Securities
or any Affiliate of the Company or of such other obligor, whether of record or
beneficially, 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, waiver or other
action, only Securities which the Trustee actually 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
Affiliate 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 on behalf of the
Company.

         "Periodic Offering" means an offering of Securities of a series from
time to time the specific terms of which Securities, including without
limitation the rate or rates of interest or formula for determining the rate or
rates of interest thereon, if any, the Stated Maturity or Maturities thereof and
the redemption provisions, if any, with respect thereto, are to be determined by
the Company upon the issuance of such Securities.

                                        5

<PAGE>

         "Person" means any individual, corporation, partnership, limited
liability company, 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 shall be deemed to evidence the
same debt as the mutilated, destroyed, lost or stolen Security.

         "Principal Property" means any single office building, manufacturing or
processing plant, warehouse or other similar facility owned by the Company, the
book value of the property, plant and equipment of which, net of depreciation,
is not less than 2% of the Company's Consolidated Net Tangible Assets; provided,
however, that "Principal Property" does not include (a) any such plant or
facility (i) that is owned jointly or in common with one or more Persons other
than the Company and its Subsidiaries, in which the Company's interest and that
of its Subsidiaries does not exceed 50%, or (ii) which the Company's board of
directors determines by resolution in good faith is not of material importance
to the total business conducted, or assets owned, by the Company and its
Subsidiaries as an entirety; or (b) any portion of any such plant or facility
which the Company's board of directors determines by resolution in good faith
not to be of material importance to the use or operation thereof.

         "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.

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

         "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 senior trust officer, 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.

                                        6

<PAGE>

         "Securities Act" means the Securities Act of 1933 and any statute
successor thereto, in each case as amended from time to time.

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

         "Special Record Date" for the payment of any Defaulted Interest 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 date on which the principal of such Security or such
installment of principal or interest is due and payable, in the case of such
principal, as such date may be advanced or extended as provided pursuant to the
terms of such Security and this Indenture.

         "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" shall mean, to the extent required by any such amendment, the
Trust Indenture Act of 1939 as so amended.

         "Trustee" means the Person named as the "Trustee" in the first
paragraph of this instrument until a successor Trustee shall have become such
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 the Trustee with respect to
Securities of that series.

         "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

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

                                        7

<PAGE>

                  (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.

         Whenever, subsequent to the receipt by the Trustee of any Board
Resolution, Officers' Certificate, Opinion of Counsel or other document or
instrument, a clerical, typographical or other inadvertent or unintentional
error or omission shall be discovered therein, a new document or instrument may
be substituted therefor in corrected form with the same force and effect as if
originally filed in the corrected form and, irrespective of the date or dates of
the actual execution and/or delivery thereof, such substitute document or
instrument shall be deemed to have been executed and/or delivered as of the date
or dates required with respect to the document or instrument for which it is
substituted. Anything in this Indenture to the contrary notwithstanding, if any
such corrective document or instrument indicates that action has been taken by
or at the request of the Company which could not have been taken had the
original document or instrument not contained such error or omission, the action
so taken shall not be invalidated or otherwise rendered ineffective but shall be
and remain in full force and effect, except to the extent that such action was a
result of willful misconduct or bad faith. Without limiting the

                                        8

<PAGE>

generality of the foregoing, any Securities issued under the authority of such
defective document or instrument shall nevertheless be the valid obligations of
the Company entitled to the benefits of this Indenture equally and ratably with
all other Outstanding Securities, except as aforesaid.

         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, made 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; and, except as herein otherwise expressly provided, such
action shall become effective when such instrument or instruments are delivered
to the Trustee and, where it is hereby expressly required, to the Company. Such
instrument or instruments (and the action embodied therein and evidenced
thereby) are herein sometimes referred to as the "Act" of the Holders signing
such instrument or instruments. Proof of execution of any such instrument or of
a writing appointing any such agent shall be sufficient for any purpose of this
Indenture and (subject to Section 601) conclusive in favor of the Trustee and
the Company, if made in the manner provided in this Section.

         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 of Securities shall be proved by the Security Register.

         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 set any day as a record date for the purpose of
determining the Holders of Outstanding Securities of any series entitled to
give, make or take any request, demand, authorization, direction, notice,
consent, waiver or other action provided or permitted by this Indenture to be
given, made or taken by Holders of Securities of such series; provided that the
Company may not set a record date for, and the provisions of this paragraph
shall not apply with respect to, the giving or making of any notice,
declaration, request or direction referred to in the next paragraph. If any
record date is set pursuant to this paragraph, the Holders of Outstanding
Securities of the relevant series on such record date, and no other Holders,
shall be entitled to take or revoke the relevant action, whether or not such
Holders remain Holders after such record date; provided that no such action
shall be effective hereunder unless taken on or prior to the applicable
Expiration Date by Holders of the requisite principal amount of Outstanding
Securities of such series on such record date. Nothing in this paragraph shall
be

                                        9

<PAGE>

construed to prevent the Company from setting a new record date for any action
for which a record date has previously been set pursuant to this paragraph
(whereupon the record date previously set shall automatically and with no action
by any Person be cancelled and of no effect), and nothing in this paragraph
shall be construed to render ineffective any action taken by Holders of the
requisite principal amount of Outstanding Securities of the relevant series on
the date such action is taken. Promptly after any record date is set pursuant to
this paragraph, the Company, at its own expense, shall cause notice of such
record date, the proposed action by Holders and the applicable Expiration Date
to be given to the Trustee in writing and to each Holder of Securities of the
relevant series in the manner set forth in Section 106.

         The Trustee may set any day as a record date for the purpose of
determining the Holders of Outstanding Securities of any series entitled to join
in the giving or making of (i) any Notice of Default, (ii) any declaration of
acceleration referred to in Section 502, (iii) any request to institute
proceedings referred to in Section 507(2) or (iv) any direction referred to in
Section 512, in each case with respect to Securities of such series. If any
record date is set pursuant to this paragraph, the Holders of Outstanding
Securities of such series on such record date, and no other Holders, shall be
entitled to join in such notice, declaration, request or direction or to revoke
the same, whether or not such Holders remain Holders after such record date;
provided that no such action shall be effective hereunder unless taken on or
prior to the applicable Expiration Date by Holders of the requisite principal
amount of Outstanding Securities of such series on such record date. Nothing in
this paragraph shall be construed to prevent the Trustee from setting a new
record date for any action for which a record date has previously been set
pursuant to this paragraph (whereupon the record date previously set shall
automatically and with no action by any Person be cancelled and of no effect),
and nothing in this paragraph shall be construed to render ineffective any
action taken by Holders of the requisite principal amount of Outstanding
Securities of the relevant series on the date such action is taken. Promptly
after any record date is set pursuant to this paragraph, the Trustee, at the
Company's expense, shall cause notice of such record date, the proposed action
by Holders and the applicable Expiration Date to be sent to the Company in
writing and to each Holder of Securities of the relevant series in the manner
set forth in Section 106.

         With respect to any record date set pursuant to this Section, the party
hereto which sets such record date may designate any day as the "Expiration
Date" and from time to time may change the Expiration Date to any earlier or
later day; provided that no such change shall be effective unless notice of the
proposed new Expiration Date is given to the other party hereto in writing, and
to each Holder of Securities of the relevant series in the manner set forth in
Section 106, on or prior to the existing Expiration Date. If an Expiration Date
is not designated with respect to any record date set pursuant to this Section,
the party hereto which set such record date shall be deemed to have initially
designated the 180th day after such record date as the Expiration Date with
respect thereto, subject to its right to change the Expiration Date as provided
in this paragraph. Notwithstanding the foregoing, no Expiration Date shall be
later than the 180th day after the applicable record date.

         Without limiting the foregoing, a Holder entitled hereunder to 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 part of such principal amount.

                                       10

<PAGE>

         Section 105. Notices, 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,
         Attention: Mary St. Amand, Assistant Vice President, 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 at the address of its principal
         office specified in the first paragraph of this instrument, attention:
         General Counsel, Massey Energy Company, or at any other address
         previously furnished in writing to the Trustee by the Company.

         Section 106. Notice to Holders; Waiver.

         Where this Indenture provides for notice to Holders of any event, such
notice shall be sufficiently given (unless otherwise herein expressly provided)
if in writing and mailed, first-class postage prepaid, to each Holder affected
by such event, at his address as it appears in the Security Register, not later
than the latest date (if any), and not earlier than the earliest date (if any),
prescribed for the giving of such notice. In any case where notice to Holders is
given by mail, neither the failure to mail such notice, nor any defect in any
notice so mailed, to any particular Holder shall affect the sufficiency of such
notice with respect to other Holders. 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 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.

         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.

         Section 107. Conflict with Trust Indenture Act.

         If any provision hereof limits, qualifies or conflicts with a provision
of the Trust Indenture Act which 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
which 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.

                                       11

<PAGE>

         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 and the
Guarantor shall bind their respective successors and assigns, whether so
expressed or not.

         Section 110. Separability Clause.

         In case any provision in this Indenture or in the Securities 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 or in the Securities, express or implied,
shall give to any Person, other than the parties hereto, their successors
hereunder and the Holders, any benefit or any legal or equitable right, remedy
or claim under this Indenture.

         Section 112. Governing Law.

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

         Section 113. Legal Holidays.

         In any case where any Interest Payment Date, Redemption 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 or of the Securities
(other than a provision of any Security 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 or
Redemption Date, or at the Stated Maturity.

                                   ARTICLE TWO

                                 Security Forms

         Section 201. Forms Generally.

         The Securities of each series shall be in substantially the form set
forth in this Article, or in such other form as shall be established by or
pursuant to a Board Resolution or in one or more indentures supplemental hereto,
in each case with such appropriate insertions, omissions, substitutions and
other variations as are required or permitted by this Indenture, and may have
such letters, numbers or other marks of identification and such legends or
endorsements placed thereon as may be required to comply with the rules of any
securities exchange or

                                       12

<PAGE>

         Depositary therefor or as may, consistently herewith, be determined by
the officers executing such Securities, as evidenced by their execution thereof.
If the form of Securities of any series 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.

         The definitive Securities shall be printed, lithographed or engraved on
steel engraved borders or may be produced in any other manner, all as determined
by the officers executing such Securities, as evidenced by their execution of
such Securities.

         Section 202. Form of Face of Security.

         [Insert any legend required by the Internal Revenue Code and the
regulations thereunder.]

                              MASSEY ENERGY COMPANY

                               __________________

No. ___________________                                           $_____________
                                                            CUSIP No.___________

         Massey Energy Company, a corporation duly organized and existing under
the laws of the State of Delaware (herein called the "Company," which term
includes any successor Person under the Indenture hereinafter referred to), for
value received, hereby promises to pay to , or registered assigns, the principal
sum of Dollars on [if the Security is to bear interest prior to Maturity and
interest payment periods are not extendable, insert--, and to pay interest
thereon from or from the most recent Interest Payment Date to which interest has
been paid or duly provided for, [insert--semi-annually, quarterly, monthly or
other description of the relevant payment period] on [ , ,] and in each year,
commencing , at the rate of % per annum, until the principal hereof is paid or
made available for payment [if applicable, insert--, provided that any principal
and premium, and any such installment of interest, which is overdue shall bear
interest at the rate of % per annum (to the extent that the payment of such
interest shall be legally enforceable), from the dates such amounts are due
until they are paid or made available for payment, and such interest shall be
payable on demand]. The interest so payable, and punctually paid or duly
provided for, on any Interest Payment Date will, as provided in such Indenture,
be paid to the Person in whose name this Security (or one or more Predecessor
Securities) is registered at the close of business on the Regular Record Date
for such interest, which shall be the [ ] (whether or not a Business Day), as
the case may be, next preceding such Interest Payment Date. Any such interest
not so punctually paid or duly provided for will forthwith cease to be payable
to the Holder on such Regular Record Date and may either be paid to the Person
in whose name this Security (or one or more Predecessor Securities) is
registered at the close of business on a Special Record Date for the payment of
such Defaulted Interest to be fixed by the Trustee, notice whereof shall be
given to Holders of Securities of this series not less than 10 days prior to
such Special Record Date, or be paid at any time in any other lawful manner not
inconsistent with the requirements of any securities exchange on which the
Securities of this

                                       13

<PAGE>

series may be listed, and upon such notice as may be required by such exchange,
all as more fully provided in said Indenture].

         [If the Security is not to bear interest prior to Maturity, insert--The
principal of this Security shall not bear interest except in the case of a
default in payment of principal upon acceleration, upon redemption or at Stated
Maturity and in such case the overdue principal and any overdue premium shall
bear interest at the rate of % per annum (to the extent that the payment of such
interest shall be legally enforceable), from the dates such amounts are due
until they are paid or made available for payment. Interest on any overdue
principal or premium shall be payable on demand. Any such interest on overdue
principal or premium which is not paid on demand shall bear interest at the rate
of % per annum (to the extent that the payment of such interest on interest
shall be legally enforceable), from the date of such demand until the amount so
demanded is paid or made available for payment. Interest on any overdue interest
shall be payable on demand.]

         Payment of the principal of (and premium, if any) and [if applicable,
insert--any such] interest on this Security will be made at the office or agency
of the Company maintained for that purpose in , in such coin or currency of the
United States of America as at the time of payment is legal tender for payment
of public and private debts [if applicable, insert--; provided, however, that at
the option of the Company payment of interest may be made by check mailed to the
address of the Person entitled thereto as such address shall appear in the
Security Register or by wire transfer at such place and to such account at a
banking institution in the United States as may be designated in writing to the
Trustee at least sixteen (16) days prior to the date for payment by the Person
entitled thereto].

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

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

                                       14

<PAGE>

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

Dated:_____________________                           Massey Energy Company

                                                      By:______________________
Attest:____________________

         Section 203. Form of Reverse of Security.

         This Security is one of a duly authorized issue of securities of the
Company (herein called the "Securities"), issued and to be issued in one or more
series under an Indenture, dated as of May 29, 2003 (herein called the
"Indenture," which term shall have the meaning assigned to it in such
instrument), among the Company, the Guarantor and Wilmington Trust Company, as
Trustee (herein called the "Trustee," which term includes any successor trustee
under the Indenture), and reference is hereby made to the Indenture for a
statement of the respective rights, limitation of rights, duties and immunities
thereunder of the Company, the Guarantor, the Trustee and the Holders of the
Securities and of the terms upon which the Securities are, and are to be,
authenticated and delivered. This Security is one of the series designated on
the face hereof [if applicable, insert--, limited in aggregate principal amount
to $ ].

         [If applicable, insert--The Securities of this series are subject to
redemption upon not less than 30 days' notice by mail, [if applicable,
insert--(1) on in any year commencing with the year and ending with the year
through operation of the sinking fund for this series at a Redemption Price
equal to 100% of the principal amount, and (2)] at any time [if applicable,
insert--on or after , 20 ], as a whole or in part, at the election of the
Company, at the following Redemption Prices (expressed as percentages of the
principal amount): If redeemed [if applicable, insert-- on or before , %, and if
redeemed] during the 12-month period beginning of the years indicated,

        Year            Redemption Price         Year        Redemption Price
-------------------   -------------------   --------------  -------------------

         and thereafter at a Redemption Price equal to % of the principal
amount, together in the case of any such redemption [if applicable,
insert--(whether through operation of the sinking fund or otherwise)] with
accrued interest to the Redemption Date, but interest installments whose Stated
Maturity is on or prior to such Redemption Date will be payable to the Holders
of such Securities, or one or more Predecessor Securities, of record at the
close of business on the relevant Record Dates referred to on the face hereof,
all as provided in the Indenture.]

         [If applicable, insert--The Securities of this series are subject to
redemption upon not less than 30 days' notice by mail, (1) on in any year
commencing with the year and ending with the

                                       15

<PAGE>

year through operation of the sinking fund for this series at the Redemption
Prices for redemption through operation of the sinking fund (expressed as
percentages of the principal amount) set forth in the table below, and (2) at
any time [if applicable, insert--on or after ], as a whole or in part, at the
election of the Company, at the Redemption Prices for redemption otherwise than
through operation of the sinking fund (expressed as percentages of the principal
amount) set forth in the table below: If redeemed during the 12- month period
beginning of the years indicated,

                                                  Redemption Price for
                    Redemption Price for       Redemption Otherwise Than
                     Redemption Through         Through Operation of the
     Year      Operation of the Sinking Fund          Sinking Fund
-------------  -----------------------------   ---------------------------

         and thereafter at a Redemption Price equal to % of the principal
amount, together in the case of any such redemption (whether through operation
of the sinking fund or otherwise) with accrued interest to the Redemption Date,
but interest installments whose Stated Maturity is on or prior to such
Redemption Date will be payable to the Holders of such Securities, or one or
more Predecessor Securities, of record at the close of business on the relevant
Record Dates referred to on the face hereof, all as provided in the Indenture.]

         [If applicable, insert--Notwithstanding the foregoing, the Company may
not, prior to , redeem any Securities of this series as contemplated by [if
applicable, insert--Clause (2) of] the preceding paragraph as a part of, or in
anticipation of, any refunding operation by the application, directly or
indirectly, of moneys borrowed having an interest cost to the Company
(calculated in accordance with generally accepted financial practice) of less
than % per annum.]

         [If applicable, insert--The sinking fund for this series provides for
the redemption on in each year beginning with the year and ending with the year
of [if applicable, insert--not less than $ ("mandatory sinking fund") and not
more than] $ aggregate principal amount of Securities of this series. Securities
of this series acquired or redeemed by the Company otherwise than through [if
applicable, insert--mandatory] sinking fund payments may be credited against
subsequent [if applicable, insert--mandatory] sinking fund payments otherwise
required to be made [if applicable, insert--, in the inverse order in which they
become due].]

         [If the Security is subject to redemption of any kind, insert--In the
event of redemption of this Security in part only, a new Security or Securities
of this series and of like tenor for the unredeemed portion hereof will be
issued in the name of the Holder hereof upon the cancellation hereof.]

         [If applicable, insert--The Indenture contains provisions for
defeasance at any time of [the entire indebtedness of this Security] [or]
[certain restrictive covenants and Events of Default with respect to this
Security] [, in each case] upon compliance with certain conditions set forth in
the Indenture.]

                                       16

<PAGE>

         [If the Security is not an Original Issue Discount Security, insert--If
an Event of Default with respect to Securities of this series shall occur and be
continuing, the principal of the Securities of this series may be declared due
and payable in the manner and with the effect provided in the Indenture.]

         [If the Security is an Original Issue Discount Security, insert--If an
Event of Default with respect to Securities of this series shall occur and be
continuing, an amount of principal of the Securities of this series may be
declared due and payable in the manner and with the effect provided in the
Indenture. Such amount shall be equal to [insert formula for determining the
amount]. Upon payment of (i) the amount of principal so declared due and payable
and (ii) interest on any overdue principal, premium and interest (in each case
to the extent that the payment of such interest shall be legally enforceable),
all of the Company's obligations in respect of the payment of the principal of
and premium and interest, if any, on the Securities of this series shall
terminate.]

         The Indenture permits, with certain exceptions as therein provided, the
amendment thereof and the modification of the rights and obligations of the
Company and the rights of the Holders of the Securities of all series affected
under the Indenture at any time by the Company and the Trustee with the consent
of the Holders of a majority in principal amount of the Securities of all series
at the time Outstanding affected thereby (voting as one class). The Indenture
contains provisions permitting the Holders of not less than a majority in
principal amount of the Securities of all series at the time Outstanding with
respect to which a default under the Indenture shall have occurred and be
continuing (voting as one class), on behalf of the Holders of the Securities of
all such series, to waive, with certain exceptions, such past default with
respect to all such series and its consequences. The Indenture also permits the
Holders of not less than a majority in principal amount of the Securities of
each series at the time Outstanding, on behalf of the Holders of all Securities
of such series, to waive compliance by the Company with certain provisions of
the Indenture. Any such consent or waiver by the Holder of this Security shall
be conclusive and binding upon such Holder and upon all future Holders of this
Security and of any Security issued upon the registration of transfer hereof or
in exchange therefor or in lieu hereof, whether or not notation of such consent
or waiver is made upon this Security.

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

                                       17

<PAGE>

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

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

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

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

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

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

         Section 204. Form of Legend for Global Securities.

         Unless otherwise specified as contemplated by Section 301 for the
Securities evidenced thereby, 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 THEREOF. THIS SECURITY MAY NOT BE EXCHANGED IN WHOLE OR IN PART FOR A
SECURITY REGISTERED, AND NO TRANSFER OF THIS SECURITY IN WHOLE OR IN PART MAY BE
REGISTERED, IN THE NAME OF ANY PERSON OTHER THAN SUCH DEPOSITARY OR A NOMINEE
THEREOF, EXCEPT IN THE LIMITED CIRCUMSTANCES DESCRIBED IN THE INDENTURE.

                                       18

<PAGE>

         Section 205. Form of Trustee's Certificate of Authentication.

         The Trustee's certificate 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.

                                           _____________, as Trustee

                                           By:________________________________
                                              Authorized Officer

                                  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 1106
         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 Security of the
         series shall be payable, if other than the Person in whose name that
         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 any
         Securities of the series is payable or the method by which such date
         shall be determined and the right, if any, to shorten or extend the
         date on which the principal of any Securities of the series is payable
         and the conditions to any such change;

                  (5)   the rate or rates at which any Securities of the series
         shall bear interest, if any, or the method by which such rate or rates
         shall be determined; the date or dates from

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         which any such interest shall accrue; the Interest Payment Dates on
         which any such interest shall be payable; the manner (if any) of
         determination of such Interest Payment Dates; and the Regular Record
         Date, if any, for any such interest payable on any Interest Payment
         Date;

                  (6)   the right, if any, to extend the interest payment
         periods and the terms of such extension or extensions;

                  (7)   the place or places where the principal of and any
         premium and interest on any Securities of the series shall be payable
         and whether, if acceptable to the Trustee, any principal of such
         Securities shall be payable without presentation or surrender thereof;

                  (8)   the period or periods within which, or the date or dates
         on which, the price or prices at which and the terms and conditions
         upon which any Securities of the series may be redeemed, in whole or in
         part, at the option of the Company and, if other than by a Board
         Resolution, the manner in which any election by the Company to redeem
         the Securities shall be evidenced;

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

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

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

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

                  (13)  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 the Holder thereof, in one or more currencies or currency
         units other than that or those in which such Securities are stated to
         be payable, the currency, currencies or currency units in which the
         principal of or any premium or interest on such Securities as to which
         such election is made shall be payable, the periods within which and
         the terms and conditions upon which such election is to be made and the
         amount so payable (or the manner in which such amount shall be
         determined);

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

                  (15)  if the principal amount payable at the Stated Maturity
         of any Securities of the series will not be determinable as of any one
         or more dates prior to the Stated Maturity, the amount which shall be
         deemed to be the principal amount of such Securities as of any such
         date for any purpose thereunder or hereunder, including the principal
         amount thereof which shall be due and payable upon any Maturity other
         than the Stated Maturity or which shall be deemed to be Outstanding as
         of any date prior to the Stated Maturity (or, in any such case, the
         manner in which such amount deemed to be the principal amount shall be
         determined);

                  (16)  if either or both of Sections 1302 and 1303 do not apply
         to any Securities of the series;

                  (17)  if applicable, that any 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 respective Depositary or Depositaries
         for such Global Securities, the form of any legend or legends which
         shall be borne by any such Global Security in addition to or in lieu of
         that set forth in Section 204 and any circumstances in addition to or
         in lieu of those set forth in Clause (2) of the last paragraph of
         Section 305 in which any such Global Security may be exchanged in whole
         or in part for Securities registered, and any transfer of such Global
         Security in whole or in part may be registered, in the name or names of
         Persons other than the Depositary for such Global Security or a nominee
         thereof;

                  (18)  any addition, modification or deletion of any Events of
         Default or covenants provided with respect to any Securities of the
         series and any change in the right of the Trustee or the requisite
         Holders of such Securities to declare the principal amount thereof due
         and payable pursuant to Section 502;

                  (19)  any addition to or change in the covenants set forth in
         Article Ten which applies to Securities of the series; and

                  (20)  any other terms of the series.

         All Securities of any one 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 or the manner of determining the terms of
the series.

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         With respect to Securities of a series offered in a Periodic Offering,
the Board Resolution (or action taken pursuant thereto), Officers' Certificate
or supplemental indenture referred to above may provide general terms or
parameters for Securities of such series and provide either that the specific
terms of particular Securities of such series shall be specified in a Company
Order or that such terms shall be determined by the Company in accordance with
other procedures specified in a Company Order as contemplated by the third
paragraph of Section 303.

         Notwithstanding Section 301(2) herein and unless otherwise expressly
provided with respect to a series of Securities, the aggregate principal amount
of a series of Securities may be increased and additional Securities of such
series may be issued up to the maximum aggregate principal amount authorized
with respect to such series as increased.

         Section 302. Denominations.

         The Securities of each series shall be issuable only in fully
registered form without coupons and only in such denominations as shall be
specified as contemplated by Section 301. In the absence of any such 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 President or one of its Vice Presidents, under its
corporate seal reproduced thereon attested by its Secretary or one of its
Assistant Secretaries. The signature of any of these officers on the Securities
may be manual or facsimile.

         Securities 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 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, provided,
however, that in the case of Securities offered in a Periodic Offering, the
Trustee shall authenticate and deliver such Securities from time to time in
accordance with such other procedures (including, without limitation, the
receipt by the Trustee of oral or electronic instructions from the Company or
its duly authorized agents, promptly confirmed in writing) acceptable to the
Trustee as may be specified by or pursuant to a Company Order delivered to the
Trustee prior to the time of the first authentication of Securities of such
series. If the form or terms of the Securities of the series have been
established by 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,
the Trustee shall be entitled to receive, and (subject to Section 601) shall be
fully protected in relying upon, an Opinion of Counsel stating,

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

                  (2)   if the terms of such Securities have been, or in the
         case of Securities of a series offered in a Periodic Offering, will be,
         established by or pursuant to Board Resolution as permitted by Section
         301, that such terms have been, or in the case of Securities of a
         series offered in a Periodic Offering, will be, established in
         conformity with the provisions of this Indenture, subject, in the case
         of Securities of a series offered in a Periodic Offering, to any
         conditions specified in such Opinion of Counsel; and

                  (3)   that such Securities, 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
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.

         With respect to Securities of a series offered in a Periodic Offering,
the Trustee may rely, as to the authorization by the Company of any of such
Securities, the form and terms thereof and the legality, validity, binding
effect and enforceability thereof, upon the Opinion of Counsel and the other
documents delivered pursuant to Sections 201 and 301 and this Section, as
applicable, in connection with the first authentication of Securities of such
series.

         Each Security shall be dated the date of its authentication.

         No Security 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 of an authorized officer, and such
certificate upon any Security shall be conclusive evidence, and the only
evidence, that such Security has been duly authenticated and delivered
hereunder. 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

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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 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.

         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, 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
like tenor and aggregate principal amount. 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 or in any other
office or agency of the Company in a Place of Payment being herein sometimes
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 Securities. The Trustee is hereby appointed
"Security Registrar" for the purpose of registering Securities and transfers of
Securities as herein provided.

         Upon surrender for registration of transfer of any Security of a series
at the office or agency of the Company 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 Securities
of the same series, of any authorized denominations and of like tenor and
aggregate principal amount.

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

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         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.

         Every 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 1106 not involving any transfer.

         If the Securities of any series (or of any series and specified tenor)
are to be redeemed, the Security Registrar shall not be required (A) to issue,
register the transfer of or exchange any Securities of that series (or of that
series and specified tenor, as the case may be) during a period beginning at the
opening of business 15 days before the day of the mailing of a notice of
redemption of any such Securities selected for redemption and ending at the
close of business on the day of such mailing, (B) to register the transfer of,
or exchange, any Security so selected for redemption in whole or in part, except
the unredeemed portion of any Security being redeemed in part or (C) to register
the transfer of or exchange of any Security in respect of which a purchase
notice has been given and not withdrawn, except the portion of the Security not
purchased of any Security being purchased in part.

         The provisions of Clauses (1), (2), (3) and (4) below shall apply only
to Global Securities:

                  (1)   Each Global Security authenticated under this Indenture
         shall be registered in the name of the Depositary designated for such
         Global Security or a nominee thereof and delivered to such Depositary
         or a nominee thereof or custodian therefor, and each such Global
         Security shall constitute a single Security for all purposes of this
         Indenture.

                  (2)   Notwithstanding any other provision in this Indenture,
         no Global Security may be exchanged in whole or in part for Securities
         registered, and no transfer of a Global Security in whole or in part
         may be registered, in the name of any Person other than the Depositary
         for such Global Security or a nominee thereof unless (A) such
         Depositary has notified the Company that it is unwilling or unable to
         continue as Depositary for such Global Security and a successor
         Depositary has not been appointed by the Company within 90 days of
         receipt by the Company of such notification, (B) at any time the
         Depositary ceases to be a clearing agency registered under the Exchange
         Act at a time when the Depositary is required to be so registered to
         act as such Depositary and no successor Depositary shall have been
         appointed by the Company within 90 days after it became aware of such
         cessation, or (C) there shall exist such circumstances, if any, in
         addition to or in lieu of the foregoing as have been specified for this
         purpose as contemplated by Section 301. Notwithstanding the foregoing,
         the Company may at any

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         time in its sole discretion determine that Securities issued in the
         form of a Global Security shall no longer be represented in whole or in
         part by such Global Security, and the Trustee, upon receipt of a
         Company Order therefor, shall authenticate and deliver definitive
         Securities in exchange in whole or in part for such Global Security.

                  (3)   Subject to Clause (2) above, any exchange or transfer of
         a Global Security for other Securities may be made in whole or in part,
         and all Securities issued in exchange for or upon transfer of a Global
         Security or any portion thereof shall be registered in such names as
         the Depositary for such Global Security shall direct.

                  (4)   Every Security authenticated and delivered upon
         registration of transfer of, or in exchange for or in lieu of, a Global
         Security or any portion thereof, whether pursuant to this Section,
         Section 304, 306, 906 or 1106 or otherwise, shall be authenticated and
         delivered in the form of, and shall be, a Global Security, unless such
         Security is registered in the name of a Person other than the
         Depositary for such Global Security or a nominee thereof.

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

         If any mutilated Security 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.

         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 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 has been acquired by a bona fide
purchaser, the Company shall execute and the Trustee shall authenticate and
deliver, in lieu of any such destroyed, lost or stolen Security, a new Security
of the same series and of like tenor and principal amount and bearing a number
not contemporaneously outstanding.

         In case any such mutilated, destroyed, lost or stolen Security 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.

         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 issued pursuant to this Section in
lieu of any destroyed, lost or stolen Security shall constitute an original
additional contractual obligation of the Company, whether or not the destroyed,
lost or stolen Security 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 duly issued hereunder.

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         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.

         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 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 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, any interest on any 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 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 Security of such series and the
         date of the proposed payment, and at the same time the Company 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 given to each Holder of Securities
         of such series in the manner set forth in Section 106, 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 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).

                  (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, if any,
         on which such Securities may be listed, and upon such

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         notice as may be required by such exchange, if, after notice 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 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 Security is registered as the owner of such
Security for the purpose of receiving payment of principal of and any premium
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.

         Section 309. Cancellation.

         All Securities 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 held by the Trustee shall be disposed of as directed by a Company
Order; provided, however, that the Trustee shall not be required to destroy such
cancelled Securities.

         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.

         Section 311. CUSIP Numbers.

         The Company in issuing the Securities may use "CUSIP" numbers (if then
generally in use), and, if so, the Trustee shall use "CUSIP" numbers in notices
of redemption as a convenience to Holders; provided that any such notice may
state that no representation is made as to the correctness of such numbers
either as printed on the Securities or as contained in any notice of a
redemption and that reliance may be placed only on the other identification
numbers

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printed on the Securities, and any such redemption shall not be affected by any
defect in or omission of such numbers.

                                  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) Securities which have been
                  destroyed, lost or stolen and which have been replaced or paid
                  as provided in Section 306 and (ii) 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 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,

                  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 (I) money in an amount, (II) Government
         Obligations (as defined in Section 1304) which through the scheduled
         payment of principal and interest in respect thereof in accordance with
         their terms will provide, not later than the due date of any payment,
         money in an amount, or (III) a combination thereof, sufficient, in the
         case of (II) or (III), 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 to pay and discharge, the entire indebtedness
         on such Securities not theretofore delivered to the Trustee for
         cancellation, for principal and any premium

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<PAGE>

         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 Company 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 the 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.

                                  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 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),
unless it is inapplicable to a particular series or is specifically deleted or
modified in the Board Resolution (or action taken pursuant thereto), Officers'
Certificate or supplemental indenture under which such series of Securities is
issued or has been deleted or modified in an indenture supplemental hereto:

                  (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 60 days; provided, however, that if the Company
         is permitted by the terms of the Securities of such series to defer the
         payment in question, the date on which such payment is due and payable
         shall be the date on which the Company is required to make payment
         following such deferral, if such deferral has been elected pursuant to
         the terms of the Securities; or

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

                  (3)   default in the making of any sinking fund payment, when
         and as due by the terms of a Security of that series, and continuance
         of such default for a period of 60 days; or

                  (4)   default in the performance, or breach, of any covenant
         of the Company or the Guarantor in this Indenture (other than a
         covenant 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 90 days after there has been given, by
         registered or certified mail, to the Company or the Guarantor by the
         Trustee or to the Company or the Guarantor 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, unless the Trustee, or the Trustee and
         the Holders of a principal amount of Securities of such series not less
         than the principal amount of Securities the Holders of which gave such
         notice, as the case may be, shall agree in writing to an extension of
         such period prior to its expiration; provided, however, that the
         Trustee, or the Trustee and the Holders of such principal amount of
         Securities of such series, as the case may be, shall be deemed to have
         agreed to an extension of such period if corrective action is initiated
         by the Company within such period and is being diligently pursued; or

                  (5)   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 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 90 consecutive
         days; or

                  (6)   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

                                       31

<PAGE>

         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 authorization of any such action by the Board of
         Directors;

                  (7)   the default under any debt by the Company or any
         Subsidiary of the Company that results in the acceleration of the
         Maturity of such debt or failure to pay any such debt, or failure to
         pay any such debt at Maturity, in an aggregate amount greater than $25
         million or its foreign currency equivalent at the time and such debt is
         not discharged or the acceleration is not annulled within seven days of
         written notice of acceleration;

                  (8)   the Guarantee by the Guarantor ceases to be, or is
         asserted in writing by the Guarantor or by the Company not to be, in
         full force and effect, and enforceable in accordance with its terms
         (other than by reason of the termination of this Indenture or the
         release or discharge of the Guarantee in accordance with the terms
         hereof) continues unremedied for ten days; or

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

         Section 502. Acceleration of Maturity; Rescission and Annulment.

         If an Event of Default with respect to Securities of any series at the
time outstanding (other than an Event of Default specified in Sections 501(5)
and 501(6)) occurs and is continuing, then and in every such case the Trustee,
by written notice to the Company, or the Holders of not less than 25% in
aggregate principal amount of the then outstanding Securities of that series, by
written notice to the Company and the Trustee, may declare the unpaid principal
of and accrued and unpaid interest and liquidated damages, if any, on all the
Securities of that series then outstanding (or, if any Securities of that series
are Original Issue Discount Securities, such portion of the principal amount of
such Securities as may be specified by the terms thereof) to be due and payable.
Upon such declaration, such principal amount and accrued and unpaid interest and
liquidated damages, if any, shall become immediately due and payable,
notwithstanding anything contained in this Indenture or the Securities to the
contrary. If any Event of Default specified in Sections 501(5) and 501(6)
occurs, all unpaid principal of, and premium, if any, and accrued and unpaid
interest and liquidated damages, if any, on the Securities then outstanding will
automatically become due and payable without any declaration or other act on the
part of the Trustee or any Holder of the then outstanding Securities.

         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 aggregate principal amount of the
Securities of any specific series, on behalf of the Holders of all the
Securities of that series, may waive the Event of Default giving rise to such
declaration of acceleration and such Event of Default shall be deemed to have
been waived, and such declaration and its consequences shall, without further
act, be deemed to have been rescinded and annulled, if

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<PAGE>

                  (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,

                        (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;

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

                  (3)   the rescission would not conflict with any judgment or
         decree of any court of competent jurisdiction.

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

         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 when such interest becomes due and payable and such default
         continues for a period of 60 days, or

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

the Company will, upon demand of the Trustee, pay to it, for the benefit of the
Holders of such Securities, the whole amount then due and payable on such
Securities 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 by
such appropriate judicial proceedings as the Trustee shall

                                       33

<PAGE>

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), 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 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
may be prosecuted and enforced by the Trustee without the possession of any of
the Securities 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 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 such money on account of principal or any premium
or interest, upon presentation of the Securities 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;

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<PAGE>

                  Second: To the payment of the amounts then due and unpaid for
         principal of and any premium and interest on the Securities 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 for principal and any
         premium and interest, respectively; and

                  Third: To the payment of the balance, if any, to the Company
         or any other Person or Persons legally entitled thereto.

         Section 507. Limitation on Suits.

         No Holder of any Security of any series 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 a majority 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;

                  (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 shall have the right, which is absolute and unconditional, to
receive payment of the principal of and any premium and (subject to Section 307)
interest on such Security on the respective Stated Maturities expressed in such
Security (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.

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<PAGE>

         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 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 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
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

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

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

                  (3)   subject to the provisions of Section 601, the Trustee
         shall have the right to decline to follow any such direction if the
         Trustee in good faith shall, by a Responsible Officer or Officers of
         the Trustee, determine that the proceeding so directed would involve
         the Trustee in personal liability.

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<PAGE>

         Section 513. Waiver of Past Defaults.

         The Holders of not less than a majority in aggregate principal amount
of the Outstanding Securities of all series with respect to which any default
under the Indenture shall have occurred and be continuing (voting as one class)
may, on behalf of the Holders of all Securities of all such series, waive such
past default or Event of Default under the Indenture 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 (other than the non-payment of
         principal of, interest and liquidated damages, if any, and interest on
         the Securities of such series that has become due solely by virtue of
         an acceleration that has been duly rescinded as provided above), or

                  (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 the series affected.

         Upon any such waiver, such default shall cease to exist and be deemed
not to have occurred, and any Event of Default arising therefrom shall be deemed
to have been cured and not to have occurred, 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 or the Trustee.

         Section 515. Waiver of 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 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.

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<PAGE>

         The duties and responsibilities of the Trustee shall be as provided by
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.

         If a default occurs hereunder with respect to Securities of any series,
the Trustee shall give the Holders of Securities of such series notice of such
default as and to the extent provided by the Trust Indenture Act; 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 occurrence thereof. 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:

                  (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
         or as otherwise expressly provided herein, 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 of its selection
         and the 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

                                       38

<PAGE>

         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, at reasonable
         times previously notified to the Company, to examine the relevant
         books, records and premises of the Company, personally or by agent or
         attorney; 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, except the
Trustee's certificates of authentication, shall be taken as the statements of
the Company, and neither the Trustee nor any Authenticating Agent assumes any
responsibility for their correctness. The Trustee makes no representations as to
the validity or sufficiency of this Indenture or of the Securities. Neither the
Trustee nor any Authenticating Agent shall be accountable for the use or
application by the Company of Securities or the proceeds thereof.

         Section 605. May Hold Securities.

         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 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.

         Section 606. Money Held in Trust.

         Money held by the Trustee 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 in writing with the Company.

         Section 607. Compensation and Reimbursement.

         The Company agrees

                  (1)   to pay to the Trustee from time to time such
         compensation as shall be agreed to in writing between the Company and
         the Trustee 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);

                                       39

<PAGE>

                  (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, willful misconduct or bad
         faith; and

                  (3)   to indemnify the Trustee (which for the purposes of this
         Section 607 shall include its officers, directors, employees and
         agents) for, and to hold it harmless against, any loss, liability or
         expense incurred without negligence, willful misconduct or bad faith on
         its part, arising out of or in connection with the acceptance or
         administration of the trust or trusts hereunder and in connection with
         its actions as Conversion Agent under the First Supplemental Indenture,
         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 or the First Supplemental Indenture.

         The Trustee shall have a lien prior to the Securities upon all property
and funds held by it hereunder for any amount owing it or any predecessor
Trustee pursuant to this Section 607, except with respect to funds held in trust
for the benefit of the Holders of particular Securities.

         Without limiting any rights available to the Trustee under applicable
law, when the Trustee incurs expenses or renders services in connection with an
Event of Default specified in Section 501(5) or Section 501(6), the expenses
(including the reasonable charges and expenses of its counsel) and the
compensation for the services are intended to constitute expenses of
administration under any applicable federal or state bankruptcy, insolvency or
other similar law.

         The provisions of this Section shall survive the termination of this
Indenture or the resignation or removal of the Trustee.

         In no event shall the Trustee be liable for any indirect, special,
punitive or consequential loss or damage of any kind whatsoever, including, but
not limited to, lost profits, even if the Trustee has been advised of the
likelihood of such loss or damage and regardless of the form of action.

         In no event shall the Trustee be liable for any failure or delay in the
performance of its obligations hereunder because of circumstances beyond its
control, including, but not limited to, acts of God, flood, war (whether
declared or undeclared), terrorism, fire, riot, embargo, government action,
including any laws, ordinances, regulations, governmental action or the like
which delay, restrict or prohibit the providing of the services contemplated by
this Indenture.

                                       40

<PAGE>

         Section 608. 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. To the extent
permitted by such Act, the Trustee shall not be deemed to have a conflicting
interest by virtue of being a trustee under this Indenture with respect to
Securities of more than one series.

         Section 609. Corporate Trustee Required; Eligibility.

         There shall at all times be a Trustee hereunder with respect to the
Securities of each series, which may be Trustee hereunder for Securities of one
or more other series. Each Trustee shall be a Person that is eligible pursuant
to the Trust Indenture Act to act as such and has a combined capital and surplus
of at least $50,000,000. If any such Person publishes reports of condition at
least annually, pursuant to law or to the requirements of its supervising or
examining authority, then for the purposes of this Section and to the extent
permitted by the Trust Indenture Act, 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
with respect to the Securities of any series 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.

         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 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

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<PAGE>

                  (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.

         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

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<PAGE>

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 the
first or second preceding paragraph, 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 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 that
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

                                       43

<PAGE>

authentication and deliver the Securities so authenticated with the same effect
as if such successor Trustee had itself authenticated such Securities.

         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), 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 acceptable to
the Company 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 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 that 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

                                       44

<PAGE>

acceptable to the Company and shall give notice of such appointment in the
manner provided in Section 106 to all Holders of Securities of the series with
respect to which such Authenticating Agent will serve. 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 Company agrees to pay to each Authenticating Agent from time to
time reasonable compensation for its services under this Section.

         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:______________________________
                                                  As Authenticating Agent

                                  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)   15 days after each Regular Record Date, a list, in such
         form as the Trustee may reasonably require, of the names and addresses
         of the Holders of Securities of each 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.

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<PAGE>

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

         Every Holder of Securities, 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. If
required by Section 313(a) of the Trust Indenture Act, the Trustee shall, within
60 days after each October 1 following the date of this Indenture, deliver to
Holders a brief report, dated as of such October 1, which complies with the
provisions of such Section 313(a).

         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 promptly 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 Exchange Act 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 or Transfer

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

         Nothing contained in this Indenture or in any of the Securities shall
prevent any consolidation or merger of the Company with or into any other Person
or Persons (whether or not

                                       46

<PAGE>

affiliated with the Company), or successive consolidations or mergers in which
the Company or its successor or successors shall be a party or parties, or shall
prevent any conveyance, transfer or lease of the properties and assets of the
Company as an entirety or substantially as an entirety to any other Person
(whether or not affiliated with the Company) lawfully entitled to acquire the
same; provided, however, the Company hereby covenants and agrees, that upon any
such consolidation, merger, conveyance, transfer or lease, (i) the due and
punctual payment of the principal of and premium, if any, and interest on all of
the Securities, according to their tenor, and the due and punctual performance
and observance of all of the covenants and conditions of this Indenture and any
Securities hereunder to be performed by the Company, shall be expressly assumed,
by indenture supplemental hereto, in form reasonably satisfactory to the
Trustee, executed and delivered to the Trustee by the Person (if other than the
Company) formed by such consolidation, or into which the Company shall have been
merged, or by the Person which shall have acquired such properties and assets,
(ii) the Company shall be the continuing corporation or the Person, if other
than the Company, formed by such consolidation or with which or into which the
Company is merged or the Person or group of affiliated Persons to which all or
substantially all the Company's properties and assets are conveyed, transferred
or leased a corporation organized and existing under the laws of the United
States and any of its states or the District of Columbia, (iii)immediately after
giving effect to the transaction, there shall be no default and no Event of
Default under this Indenture and (iv) the Company shall deliver 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 as an entirety or 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 the
predecessor Person, except in the case of a lease, shall be relieved of all
obligations and covenants under this Indenture and the Securities.

                                  ARTICLE NINE

                             Supplemental Indentures

         Section 901. Supplemental Indentures Without Consent of Holders.

         Without the consent of any Holders, the Company or the Guarantor, 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
reasonably satisfactory to the Trustee, for any of the following purposes:

                                       47

<PAGE>

                  (1)   to evidence the succession of another Person to the
         Company or the Guarantor and the assumption by any such successors of
         the respective covenants of the Company or the Guarantor, as the case
         may be, herein and in the Securities; or

                  (2)   to add to the covenants of the Company or the Guarantor
         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 the Guarantor; or

                  (3)   to add any additional Events of Default for the benefit
         of the Holders of all or any series of Securities (and if such
         additional Events of Default are to be for the benefit of less than all
         series of Securities, stating that such additional Events of Default
         are expressly being included solely for the benefit of such series); or

                  (4)   to add to or change any of the provisions of this
         Indenture to such extent as shall be necessary to permit or facilitate
         the issuance of Securities in bearer form, registrable or not
         registrable as to principal, and with or without interest coupons, or
         to facilitate the issuance of Securities in uncertificated form; 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 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
         with respect to such provision or (B) shall become effective only when
         there is no such Security Outstanding; or

                  (6)   to secure the Securities; or

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

                  (8)   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

                  (9)   to provide for the release of the Guarantor in respect
         of a Guarantee pursuant to Article Fifteen; or

                  (10)  to cure any ambiguity, to correct or supplement any
         provision herein which may be defective or 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 (9) shall not adversely affect the
         interests of the Holders of Securities of any series in any material
         respect.

         Section 902. Supplemental Indentures With Consent of Holders.

                                       48

<PAGE>

         With the consent of the Holders of not less than a majority in
principal amount of the Outstanding Securities of all series affected by such
supplemental indenture (voting as one class), 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 any
supplemental indenture, or modifying in any manner the rights of the Holders of
Securities 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 or any other Security
         which 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

                  (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, Section
         513 or Section 1006, 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 and Section 1006, 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.

         Section 903. Execution of Supplemental Indentures.

                                       49

<PAGE>

         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 and this Indenture.

         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 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. 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

                                       50

<PAGE>

shall fail to maintain any such required office or agency or shall 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, and the Company hereby appoints the Trustee as its agent to receive all
such presentations, surrenders, notices and demands.

         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, it will, on or 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, 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 hereunder 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 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

                                       51

<PAGE>

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, or (if then held by the Company) shall be discharged from such
trust; and the Holder of such Security 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 a
newspaper published in the English language, customarily published on each
Business Day and of general circulation in the Borough of Manhattan, The City of
New York, New York, 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. Limitation on Liens.

         The Company will not, and will not permit any of its Subsidiaries to,
while any of the Securities remain Outstanding, create, or suffer to be created
or to exist, any Lien upon any Principal Property of the Company or any
Subsidiary, whether now owned or hereafter acquired, to secure any indebtedness
for borrowed money of the Company, unless it shall make effective provision
whereby the Securities then Outstanding shall be secured by such Lien equally
and ratably with any and all indebtedness for borrowed money thereby secured so
long as any such indebtedness shall be so secured; provided, however, that
nothing in this Section shall be construed to prevent the Company from creating,
or permitting any of its Subsidiaries to create, or from suffering to be created
or to exist, any Lien, or any agreements, with respect to:

                  (1)   any purchase money Lien upon any Principal Property
         hereafter acquired by the Company or any of its Subsidiaries, or any
         Lien existing on any Principal Property at the time of the acquisition
         thereof (including any Lien which exists on any Principal Property of a
         Person which is consolidated with or merged with or into the Company or
         any of its Subsidiaries or which transfers or leases all or
         substantially all of its properties to the Company or any of its
         Subsidiaries), or conditional sales agreements or other title retention
         agreements and leases in the nature of title retention agreements with
         respect to any Principal Property hereafter acquired; provided,
         however, that no such Lien shall extend to or cover any other property
         of the Company or its Subsidiaries;

                  (2)   any Lien upon any Principal Property of the Company or
         its Subsidiaries existing as of the date of the initial issuance of the
         Securities; Liens for taxes or assessments or other governmental
         charges or levies; pledges or deposits to secure obligations under
         worker's compensation laws, unemployment insurance and other social
         security legislation, including liens of judgments thereunder which are
         not currently dischargeable; pledges or deposits or similar Liens to
         secure performance in connection with bids, tenders, contracts (other
         than contracts for the payment of money) or leases to which the Company
         or any of its Subsidiaries is a party; pledges or deposits or similar
         Liens to secure public or statutory obligations of the Company or any
         of its Subsidiaries; builders', materialmen's, mechanics', carriers',
         warehousemen's, workers', repairmen's, operators', landlords' or other
         like Liens in the ordinary course of business, or deposits to

                                       52

<PAGE>

         obtain the release of such Liens; pledges or deposits to secure, or in
         lieu of, surety, stay, appeal, indemnity, customs, performance or
         return-of-money bonds; other pledges or deposits for similar purposes
         in the ordinary course of business; Liens created by or resulting from
         any litigation or proceeding which at the time is being contested in
         good faith by appropriate proceedings; Liens incurred in connection
         with the issuance of bankers' acceptances and lines of credit, bankers'
         liens or rights of offset and any security given in the ordinary course
         of business to banks or others to secure any indebtedness payable on
         demand or maturing within 12 months of the date that such indebtedness
         is originally incurred; Liens on or with respect to coal, gas,
         hydrocarbon or mineral properties not fully developed securing
         Indebtedness, the proceeds of which are used to finance or refinance
         the development of such properties; Liens on or with respect to mineral
         rights held under option but not owned by the Company or any of its
         Subsidiaries; Liens on or with respect to ores, concentrates, metals or
         other raw materials or products incurred in the ordinary course of
         business in connection with the importation, purchase or sale thereof;
         any Lien in favor of the Company or any Affiliate of the Company; Liens
         incurred in connection with repurchase, swap or other similar
         agreements (including, without limitation, commodity price, currency
         exchange and interest rate protection agreements); leases made, or
         existing on property acquired, in the ordinary course of business;
         liens securing industrial revenue or pollution control bonds; Liens on
         any property arising in connection with any defeasance, covenant
         defeasance or in-substance defeasance of indebtedness of the Company,
         including the Securities; Liens created in connection with, and created
         to secure, a non-recourse obligation; zoning restrictions, easements,
         licenses, rights-of-way, restrictions on the use of property or minor
         irregularities in title thereto, which do not, in the opinion of the
         Company, materially impair the use of such property in the operation of
         the business of the Company or its Subsidiaries or the value of such
         property for the purpose of such business;

                  (3)   any Lien securing indebtedness which may be issued by
         the Company in connection with a consolidation or merger of the Company
         with or into any other Person (which may be an Affiliate of the
         Company) in exchange for or otherwise in substitution for secured
         indebtedness of such Person ("Third Party Debt") which by its terms (i)
         is secured by a Lien on all or a portion of the property of such
         Person, (ii) prohibits secured indebtedness from being incurred by such
         Person, unless the Third Party Debt shall be secured equally and
         ratably with such secured indebtedness or (iii) prohibits secured
         indebtedness from being incurred by such Person;

                  (4)   any Lien securing indebtedness of any Person which is
         required to be assumed by the Company in connection with a
         consolidation or merger of such Person, with respect to which any
         property of the Company is subjected to a Lien;

                  (5)   any Lien upon any Principal Property acquired,
         constructed, developed or improved by the Company or any of its
         Subsidiaries (whether alone or in association with others) after the
         date of the Indenture which are created prior to, at the time of, or
         within 18 months after such acquisition (or in the case of property
         constructed, developed or improved, after the completion of such
         construction, development or improvement and commencement of full
         commercial operation of such property, whichever is later) to

                                       53

<PAGE>

         secure or provide for the payment of any part of the purchase price or
         cost thereof; provided that in the case of such construction,
         development or improvement the Liens shall not apply to any property
         theretofore owned by the Company or any of its Subsidiaries other than
         theretofore unimproved real property;

                  (6)   the replacement, extension or renewal (or successive
         replacements, extensions or renewals), as a whole or in part, of any
         Lien, or of any agreement, referred to above in clauses (1) through (5)
         inclusive, or the replacement, extension or renewal (not exceeding the
         principal amount of indebtedness secured thereby together with any
         premium, interest, fee or expense payable in connection with any such
         replacement, extension or renewal) of the indebtedness secured thereby;
         provided that such replacement, extension or renewal is limited to all
         or a part of the same property that secured the Lien replaced, extended
         or renewed (plus improvements thereon or additions or accessions
         thereto); or

                  (7)   any other Lien not excepted by the foregoing clauses (1)
         through (6); provided that immediately after the creation or assumption
         of such Lien, the aggregate principal amount of indebtedness for
         borrowed money of the Company secured by all Liens created or assumed
         under the provisions of clause (1) through (7) shall not exceed an
         amount equal to 15% of the Company's Consolidated Net Tangible Assets.

         Section 1005. Statement by Officers as to Default.

         The Company will deliver to the Trustee, on or before October 15 of
each calendar year or on or before such other day in each calendar year as the
Company and the Trustee may from time to time agree upon, 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 1006. Waiver of Certain Covenants.

         Except as otherwise specified as contemplated by Section 301 for
Securities of such series, the Company may, with respect to the Securities of
any series, omit in any particular instance to comply with any term, provision
or condition set forth in any covenant provided pursuant to Section 301(19),
901(2) or 901(7) for the benefit of the Holders of such series or in Section
1004 if before the time for such compliance the Holders of not less than a
majority in principal amount of the Outstanding Securities of such series shall,
by Act of such Holders, either waive such compliance in such instance or
generally waive compliance with such term, provision or condition, but no such
waiver shall extend to or affect such term, provision or condition except to the
extent so expressly waived, and, until such waiver shall become effective, the
obligations of the Company and the duties of the Trustee in respect of any such
term, provision or condition shall remain in full force and effect.

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<PAGE>

         Section 1007. Calculation of Original Issue Discount.

         The Company shall file with the Trustee promptly after the end of each
calendar year a written notice specifying the amount of original issue discount
(including daily rates and accrual periods) accrued on Outstanding Securities as
of the end of such year.

                                 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 such Securities) 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 or in another manner specified as contemplated by Section
301 for such Securities. In case of any redemption at the election of the
Company, 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 (a) prior
to the expiration of any restriction on such redemption provided in the terms of
such Securities or elsewhere in this Indenture, or (b) pursuant to an election
of the Company which is subject to a condition specified 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 or
condition.

         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 the Securities of such series and of a specified tenor are to be
redeemed or unless such redemption affects only a single Security), 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 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 a portion of the principal amount of any Security of such series;
provided that the unredeemed portion of the principal amount of any Security
shall be in an authorized denomination (which shall not be less than the minimum
authorized denomination) for such Security. If less than all the Securities of
such series and of a specified tenor are to be redeemed (unless such redemption
affects only a single Security), 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.

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<PAGE>

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

         The provisions of the two preceding paragraphs shall not apply with
respect to any redemption affecting only a single Security, whether such
Security is to be redeemed in whole or in part. In the case of any such
redemption in part, the unredeemed portion of the principal amount of the
Security shall be in an authorized denomination (which shall not be less than
the minimum authorized denomination) for such Security.

         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 by first-class mail, postage
prepaid, mailed not less than 30 nor more than 60 days prior to the Redemption
Date, to each Holder of Securities to be redeemed, at his address appearing in
the Security Register.

         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 and of a specified tenor consisting of more than a single
         Security are to be redeemed, the identification (and, in the case of
         partial redemption of any such Securities, the principal amounts) of
         the particular Securities to be redeemed and, if less than all the
         Outstanding Securities of any series and of a specified tenor
         consisting of a single Security are to be redeemed, the principal
         amount of the particular Security to be redeemed;

                  (4)   that on the Redemption Date the Redemption Price,
         together with accrued interest, if any, to the Redemption Date, 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 each such Security is to be
         surrendered for payment of the Redemption Price and accrued interest,
         if any, unless it shall have been specified as contemplated by Section
         301 with respect to such Securities that such surrender shall not be
         required;

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

                  (7)   such other matters as the Company shall deem desirable
         or appropriate.

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<PAGE>

         Unless otherwise specified with respect to any Securities in accordance
with Section 301, with respect to any redemption of Securities at the election
of the Company, unless, upon the giving of notice of such redemption, Defeasance
shall have been effected with respect to such Securities pursuant to Section
1302, such notice may state that such redemption shall be conditional upon the
receipt by the Trustee or the Paying Agent(s) for such Securities, on or prior
to the date fixed for such redemption, of money sufficient to pay the principal
of and any premium and interest on such Securities and that if such money shall
not have been so received such notice shall be of no force or effect and the
Company shall not be required to redeem such Securities. In the event that such
notice of redemption contains such a condition and such money is not so
received, the redemption shall not be made and within a reasonable time
thereafter notice shall be given, in the manner in which the notice of
redemption was given, that such money was not so received and such redemption
was not required to be made, and the Trustee or Paying Agent(s) for the
Securities otherwise to have been redeemed shall promptly return to the Holders
thereof any of such Securities which had been surrendered for payment upon such
redemption.

         Notice of redemption of Securities to be redeemed at the election of
the Company, and any notice of non-satisfaction of redemption as aforesaid,
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. Subject to the preceding paragraph,
any such notice of redemption shall be irrevocable.

         Section 1105. Securities Payable on Redemption Date.

         Notice of redemption having been given as aforesaid, and the
conditions, if any, set forth in such notice having been satisfied, the
Securities or portions thereof 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, in the case of an unconditional notice of redemption,
the Company shall default in the payment of the Redemption Price and accrued
interest, if any) such Securities or portions thereof, if interest-bearing,
shall cease to bear interest. Upon surrender of any such Security for redemption
in accordance with said notice, such Security or portion thereof shall be paid
by the Company at the Redemption Price, together with accrued interest, if any,
to the Redemption Date; provided, however, that no such surrender shall be a
condition to such payment if so specified as contemplated by Section 301 with
respect to such Security, and provided further that, unless otherwise specified
as contemplated by Section 301, installments of interest whose Stated Maturity
is on or prior to the Redemption Date will 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.

         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 1106. Securities Redeemed in Part.

         Any 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

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<PAGE>

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 Security without service charge, a new 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 any series except as otherwise specified as
contemplated by Section 301 for such Securities.

         The minimum amount of any sinking fund payment provided for by the
terms of any Securities 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 such Securities is herein referred to as an "optional sinking fund
payment." If provided for by the terms of any Securities, 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 as
provided for by the terms of such Securities.

         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) 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 any Securities of such series required to be made
pursuant to the terms of such Securities as and to the extent provided for by
the terms of such Securities; provided that the Securities to be so credited
have not been previously so credited. The Securities to be so credited shall be
received and credited for such purpose by the Trustee at the Redemption Price,
as specified in the Securities so to be redeemed, 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 45 days prior to each sinking fund payment date for any
Securities, the Company will deliver to the Trustee an Officers' Certificate
specifying the amount of the next ensuing sinking fund payment for such
Securities pursuant to the terms of such Securities, 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 pursuant to
Section 1202 and stating the basis for such credit and that such Securities have
not been previously so credited and will also deliver to the Trustee any
Securities to be so delivered. Not less than 30 days prior to

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<PAGE>

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 to 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 1105 and 1106.

                                ARTICLE THIRTEEN

                       Defeasance and Covenant Defeasance

         Section 1301. Applicability of Article.

         Unless, pursuant to Section 301, provision is made that either or both
of (a) defeasance of any Securities or any series of Securities under Section
1302 and (b) covenant defeasance of any Securities or any series of Securities
under Section 1303 shall not apply to such Securities of a series, then the
provisions of either or both of Sections 1302 and Section 1303, as the case may
be, together with Sections 1304 and 1305, shall be applicable to the Outstanding
Securities of such series upon compliance with the conditions set forth below in
this Article.

         Section 1302. Defeasance and Discharge.

         The Company may cause itself to be discharged from its obligations with
respect to any Securities or any series of Securities 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 such
Securities and to have satisfied all its other obligations under such Securities
and this Indenture insofar as such Securities 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 such Securities to
receive, solely from the 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 when payments are due, (2) the Company's
obligations with respect to such Securities under Sections 304, 305, 306, 1002
and 1003 and with respect to the Trustee under Section 607, (3) the rights,
powers, trusts, duties and immunities of the Trustee hereunder and (4) this
Article. Subject to compliance with this Article, Defeasance with respect to any
Securities or any series of Securities by the Company is permitted under this
Section 1302 notwithstanding the prior exercise by the Company of its rights
under Section 1303 with respect to such Securities. Following a Defeasance,
payment of such Securities may not be accelerated because of an Event of
Default.

         Section 1303. Covenant Defeasance.

         The Company may cause itself to be released from its obligations under
Section 1004 and any covenants provided pursuant to Section 301(19), 901(2),
901(6) or 901(7) with respect to any Securities or any series of Securities for
the benefit of the Holders of such Securities and the occurrence of any event
specified in Section 501(4) (with respect to Section 1004 and any such covenants
provided pursuant to Section 301(19), 901(2), 901(6) or 901(7)) or 501(7) shall
be

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<PAGE>

deemed not to be or result in an Event of Default with respect to such
Securities as provided in this Section, in each case 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, with
respect to such Securities, 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 such Securities shall be unaffected thereby.

         Section 1304. Conditions to Defeasance or Covenant Defeasance.

         The following shall be the conditions to the application of Section
1302 or Section 1303 to any Securities or any series of Securities, as the case
may be:

                  (1)   The Company shall irrevocably have deposited or caused
         to be deposited with the Trustee 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
         such Securities, (A) money in an amount, or (B) Government Obligations
         which through the scheduled payment of principal and interest in
         respect thereof in accordance with their terms will provide, not later
         than the due date of any payment, money in an amount, or (C) a
         combination thereof, sufficient, in the case of (B) or (C), 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 to pay and discharge, the principal of and any premium and
         interest on such Securities on the respective Stated Maturities or on
         any Redemption Date established pursuant to Clause (3) below, in
         accordance with the terms of this Indenture and such Securities. As
         used herein, "Government Obligation" means (x) any security which is
         (i) a direct obligation of the United States of America or the
         government which issued the foreign currency in which such Securities
         are payable, for the payment of which its full faith and credit 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 or such government which issued the foreign currency in which
         such Securities are payable, the payment of which is unconditionally
         guaranteed as a full faith and credit obligation by the United States
         of America or such other government, 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) as custodian with respect to any
         Government Obligation which is specified in clause (x) above and held
         by such bank for the account of the holder of such depositary receipt,
         or with respect to any specific payment of principal of or interest on
         any Government Obligation which is so specified and held, 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
         Government Obligation or the specific payment of principal or interest
         evidenced by such depositary receipt.

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<PAGE>

                  (2)   No event which is, or after notice or lapse of time or
         both would become, an Event of Default with respect to such Securities
         or any other Securities shall have occurred and be continuing at the
         time of such deposit or, with regard to any such event specified in
         Sections 501(5) and (6), 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).

                  (3)   If the Securities are to be redeemed prior to Stated
         Maturity (other than from mandatory sinking fund payments or analogous
         payments), notice of such redemption shall have been duly given
         pursuant to this Indenture or provision therefor satisfactory to the
         Trustee shall have been made.

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

                  (5)   In the case of an election under Section 1302, the
         Company shall have delivered to the Trustee an Opinion of Counsel in
         the United States reasonably acceptable to the Trustee confirming that:

                        (A)   the Company has received from, or there has been
                  published by, the Internal Revenue Service a ruling; or

                        (B)   since the date of this Indenture, there has been
                  a change in the applicable federal income tax law, in either
                  case to the effect that, and based thereon such Opinion of
                  Counsel shall confirm that, the Holders will not recognize
                  income, gain or loss for federal income tax purposes as a
                  result of such Legal Defeasance and will be subject to federal
                  income tax on the same amounts, in the same manner and at the
                  same times as would have been the case if such Legal
                  Defeasance had not occurred.

         Section 1305. Deposited Money and Government Obligations to Be Held in
                       Trust; Miscellaneous Provisions.

         Subject to the provisions of the last paragraph of Section 1003, all
money and Government Obligations (including the proceeds thereof) deposited with
the Trustee pursuant to Section 1304 in respect of any Securities shall be held
in trust and applied by the Trustee, in accordance with the provisions of such
Securities 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 such Securities, 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 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 which by law is for the
account of the Holders of Outstanding Securities.

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<PAGE>

         Anything in this Article to the contrary notwithstanding, the Trustee
shall deliver or pay to the Company from time to time upon Company Request any
money or Government Obligations held by it as provided in Section 1304 with
respect to any Securities which, 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 which would then
be required to be deposited to effect the Defeasance or Covenant Defeasance, as
the case may be, with respect to such Securities.

                                ARTICLE FOURTEEN

         Immunity of Incorporators, Stockholders, Officers and Directors

         Section 1401. Indenture and Securities Solely Corporate Obligations.

         No recourse for the payment of the principal of or any premium or
interest on any Security, or for any claim based thereon or otherwise in respect
thereof, and no recourse under or upon any obligation, covenant or agreement of
the Company in this Indenture or in any supplemental indenture, or in any
Security, or because of the creation of any indebtedness represented thereby,
shall be had against any incorporator, stockholder, officer or director, as
such, past, present or future, of the Company or of any successor corporation,
either directly or through the Company or any successor corporation, whether by
virtue of any constitution, statute or rule of law, or by the enforcement of any
assessment or penalty or otherwise; it being expressly understood that all such
liability is hereby expressly waived and released as a condition of, and as a
consideration for, the execution of this Indenture and the issue of the
Securities.

                                 ARTICLE FIFTEEN

                                    Guarantee

         Section 1501. Guarantee.

                  (1)   Subject to the provisions of this Article Fifteen, the
         Guarantor hereby fully and unconditionally guarantees, jointly and
         severally, to each Holder of a Security authenticated and delivered by
         the Trustee and to the Trustee and its successors and assigns, the
         Securities and the obligations of the Company under this Indenture and
         the Securities, that (i) the Obligations of the Company to the Holders
         or the Trustee under this Indenture and the Securities will be promptly
         paid in full or performed, all in accordance with the terms of this
         Indenture and the Securities; and (ii) in case of any extension of time
         in payment or renewal of any Securities or any of such other
         obligations, they will be paid in full when due or performed in
         accordance with the terms of the extension or renewal, whether at
         maturity, by acceleration or otherwise. Failing payment when due of any
         amount so guaranteed, or failing performance of any other obligation of
         the Company to the Holders or the Trustee, for whatever reason, the
         Guarantor will be obligated to pay, or to perform or cause the
         performance of, the same before such failure becomes an Event of
         Default. The Guarantor agrees that this is a guarantee of payment and
         not a guarantee of collection.

                                       62

<PAGE>

                  (2)   The Guarantor hereby agrees that its obligations with
         regard to this Guarantee shall be unconditional, irrespective of the
         validity, regularity or enforceability of the Securities or the
         obligations of the Company under this Indenture, the absence of any
         action to enforce the same, the recovery of any judgment against the
         Company or any other obligor with respect to this Indenture, the
         Securities or the obligations of the Company under this Indenture or
         the Securities, any action to enforce the same or any other
         circumstances (other than complete performance) which might otherwise
         constitute a legal or equitable discharge or defense of the Guarantor.
         The Guarantor further, to the extent permitted by law, hereby waives
         (a) demand, protest and notice of any kind, (b) any defense that may
         arise by reason of the incapacity, lack of authority, death or
         disability of any other person or the failure of the Trustee, the
         Holders or the Company (each a "Benefitted Party") to file or enforce a
         claim against the estate (in administration, bankruptcy or any other
         proceeding) of any other person, (c) notice of the existence, creation
         or incurring of any new or additional debt or obligation, (d) any right
         to require a proceeding first against the Company or right to require
         the prior disposition of the assets of the Company to meet its
         obligations, (e) any defense based upon an election of remedies by a
         Benefitted Party, including but not limited to an election law which
         provides that the obligation of a surety must be neither larger in
         amount nor in other respects more burdensome than that of the
         principal, (f) any defense arising because of a Benefitted Party's
         election, in any proceeding instituted under Bankruptcy Law, of the
         application of 11 U.S.C. Section 1111(b)(2) or (g) any defense based on
         any borrowing or grant of a security interest under 11 U.S.C. Section
         364. The Guarantor hereby covenants that its Guarantee will not be
         discharged except by complete performance of the obligations contained
         in the Securities, the Guarantee and this Indenture.

                  (3)   If any Holder or the Trustee is required by any court or
         otherwise to return to either the Company or the Guarantor, or any
         custodian acting in relation to either the Company or the Guarantor,
         any amount paid by the Company or the Guarantor to the Trustee or such
         Holder, the Guarantees, to the extent theretofore discharged, shall be
         reinstated in full force and effect. The Guarantor agrees that it will
         not be entitled to any right of subrogation in relation to the Holders
         in respect of any obligations guaranteed hereby until payment in full
         of all obligations guaranteed hereby. The Guarantor agrees that, as
         between it, on the one hand, and the Holders of Securities and the
         Trustee, on the other hand, (x) the maturity of the obligations
         guaranteed hereby may be accelerated as provided in Section 502 hereof
         for the purposes hereof, notwithstanding any stay, injunction or other
         prohibition preventing such acceleration in respect of the obligations
         guaranteed hereby, and (y) in the event of any acceleration of such
         obligations as provided in Section 502 hereof, such obligations
         (whether or not due and payable) shall forthwith become due and payable
         by the Guarantor for the purpose of its Guarantee.

                  (4)   The Guarantor hereby agrees that by virtue of its
         execution and delivery of this Indenture, it shall be deemed to have
         signed on each security issued hereunder a notation of the Guarantee.

         Section 1502. Limitation on the Guarantor's Liability.

                                       63

<PAGE>

                  (1)   The Guarantor acknowledges that it will receive direct
         and indirect benefits from the financing arrangements contemplated by
         this Indenture. The Guarantor and by its acceptance hereof, each
         beneficiary hereof, hereby confirms that it is its intention that the
         Guarantee of such Guarantor not constitute a fraudulent transfer or
         conveyance for purposes of the Bankruptcy Law, the Uniform Fraudulent
         Conveyance Act, the Uniform Fraudulent Transfer Act or any similar
         federal, state or foreign law to the extent applicable to such
         Guarantee. To effectuate the foregoing intention, each such person
         hereby irrevocably agrees that the obligation of the Guarantor under
         its Guarantee under Section 1501 shall be limited to the maximum amount
         as will, after giving effect to such maximum amount and all other
         (contingent or otherwise) liabilities of the Guarantor that are
         relevant under such laws, result in the obligations of the Guarantor in
         respect of such maximum amount not constituting a fraudulent
         conveyance.

         Section 1503. Execution and Delivery of Guarantee.

         The Guarantor hereby agrees that its Guarantee set forth in Section
1501 shall remain in full force and effect notwithstanding any failure to
endorse on each Security a notation of such Guarantee. If an Officer whose
signature is on this Indenture no longer holds that office at the time the
Trustee authenticates the Securities on which the Guarantee is endorsed, the
Guarantee shall be valid nevertheless. The delivery of the Securities of any
series by the Trustee, after the authentication thereof hereunder, shall
constitute due delivery of the Guarantee set forth in this Indenture on behalf
of the Subsidiary. In the event that the Company creates or acquires any new
Subsidiaries subsequent to the date of this Indenture, if required by Section
1009 hereof, the Company shall cause such Subsidiaries to provide Guarantees by
executing supplemental indentures to this Indenture in accordance with Section
1009 and this Article Fifteen, to the extent applicable.

         Section 1504. Guarantor May Consolidate, etc., on Certain Terms.

                  (1)   Unless the Guarantor is released from its Guarantee as
         provided in Section 1505, the Guarantor may not (i) consolidate or
         merge with or into (whether or not the Guarantor is the surviving
         Person) another Person or (ii) sell, assign, transfer, lease, convey or
         otherwise dispose of all or substantially all of its properties or
         assets to another Person unless:

                        (A)   the Person formed by or surviving any such
                  consolidation or merger (if other than the Guarantor or the
                  Company) or the Person acquiring the property or assets in any
                  such sale, assignment, transfer, lease, conveyance or other
                  disposition unconditionally assumes all the Obligations of the
                  Guarantor under this Indenture, pursuant to a supplemental
                  indenture in form and substance reasonably satisfactory to the
                  Trustee, on the terms set forth herein or therein; and

                        (B)   immediately after giving effect to such
                  transaction, no Default or Event of Default exists.

                  (2)   In case of any such consolidation, merger, sale,
         assignment, transfer, lease, or conveyance or other disposition and
         upon the assumption by the successor Person, by

                                       64

<PAGE>

         supplemental indenture, executed and delivered to the Trustee and
         satisfactory in form to the Trustee, of the Guarantee, such successor
         Person shall succeed to and be substituted for the Guarantor with the
         same effect as if it had been named herein as the Guarantor.

                  (3)   Notwithstanding Section 1504(1), nothing contained in
         this Indenture or in any of the Securities shall prevent any
         consolidation or merger of the Guarantor with or into the Company, or
         shall prevent any sale, assignment, transfer, lease, conveyance or
         other disposition of all or substantially all of the property or assets
         of the Guarantor to the Company.

         Section 1505. Release of Guarantor.

                  (1)   If the Guarantor is not released from its Obligations
         under its Guarantee, it shall remain liable for the full amount of
         principal of and premium, if any, interest on the Securities and for
         its other obligations under this Indenture as provided in this Article
         Fifteen.

                  (2)   If all of the Capital Stock or substantially all of the
         assets of the Guarantor is sold by the Company to a Person (other than
         the Company or any of its Subsidiaries) in a transaction that complies
         with the terms of this Indenture, then the Guarantor will be released
         and discharged from all of its Obligations under its Guarantee of the
         Securities and this Indenture.

                  (3)   If at any time the Guarantor is no longer obligated as a
         Guarantor of any Indebtedness of the Company under its existing or
         future revolving credit facilities or other long-term Indebtedness,
         other than pursuant to Section 1501, then, at the option of the
         Company, the Guarantor shall be released and discharged from all of its
         Obligations under its Guarantee of the Securities and this Indenture.

                  (4)   Upon delivery by the Company to the Trustee of an
         Officers' Certificate and an Opinion of Counsel to the effect that such
         release would be in accordance with the provisions of this Indenture,
         the Trustee shall execute any documents reasonably required in order to
         evidence the release of the Guarantor from its Obligations under its
         Guarantee.

         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 but one and the same instrument.

                                       65

<PAGE>

         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.

                                           Massey Energy Company

                                           By:____________________________
                                           Name:  Baxter F. Phillips, Jr.
                                           Title: Vice President and Treasurer

Attest:

______________________________
Name:
Title:
                                           A.T. Massey Coal Company, Inc.

                                           By:____________________________
                                           Name:  Baxter F. Phillips, Jr.
                                           Title: Vice President and Treasurer
Attest:

______________________________
Name:
Title:
                                           Wilmington Trust Company, as Trustee

                                           By:____________________________
                                           Name:
                                           Title:

Attest:

______________________________
Name:
Title:

                                       66<PAGE>

                                                                     EXHIBIT 4.2

                              MASSEY ENERGY COMPANY

                          ----------------------------

                          First Supplemental Indenture

                            Dated as of May 29, 2003

                          ----------------------------

                            Wilmington Trust Company,
                                     Trustee

                     4.75% Convertible Senior Notes due 2023

<PAGE>

                              TABLE OF CONTENTS/(1)/

<TABLE>
<CAPTION>
                                                                                                      Page
                                                                                                      ----
<S>                                                                                                    <C>
ARTICLE 1       4.75% CONVERTIBLE SENIOR NOTES DUE 2023...............................................  1

    Section 1.01      Establishment...................................................................  1
    Section 1.02      Definitions.....................................................................  2
    Section 1.03      Payment of Principal and Interest...............................................  6
    Section 1.04      Denominations...................................................................  7
    Section 1.05      Global Securities...............................................................  7
    Section 1.06      Optional Redemption.............................................................  8
    Section 1.07      Purchase at the Option of the Holder Upon a Fundamental Change..................  9
    Section 1.08      Purchase of Senior Convertible Notes at the Option of the Holder................ 10
    Section 1.09      Further Conditions and Procedures for Purchase Upon a Fundamental Change
                      and Purchase at the Option of the Holder........................................ 10
    Section 1.10      Conversion of Senior Convertible Notes.......................................... 15
    Section 1.11      Additional Events of Default.................................................... 25
    Section 1.12      Amendments; Waiver.............................................................. 25
    Section 1.13      Register of Securities; Paying Agent; Conversion Agent.......................... 25
    Section 1.14      Calculations in Respect of the Senior Convertible Notes......................... 26
    Section 1.15      Tax Treatment................................................................... 26
    Section 1.16      Transfer and Exchange........................................................... 26

ARTICLE 2       MISCELLANEOUS PROVISIONS.............................................................. 31

    Section 2.01      Recitals by the Corporation..................................................... 31
    Section 2.02      Ratification and Incorporation of Original Indenture............................ 31
    Section 2.03      Executed in Counterparts........................................................ 31

Exhibit A     Form of 4.75% Convertible Senior Note
Exhibit B     Certificate of Authentication of 4.75% Convertible Senior Note
</TABLE>

/(1)/ This Table of Contents does not constitute part of the Indenture or have
any bearing upon the interpretation of any of its terms and provisions.

<PAGE>

        THIS FIRST SUPPLEMENTAL INDENTURE is made as of the 29th day of May
2003, by and between MASSEY ENERGY COMPANY, a Delaware corporation, having its
principal office at 4 North 4th Street, Richmond, Virginia 23219 (the
"Corporation"), A.T. MASSEY COAL COMPANY, INC., a Virginia corporation and a
wholly owned subsidiary of the Company, as guarantor (the "Guarantor"), and
Wilmington Trust Company, a Delaware banking corporation, as trustee (herein
called the "Trustee").

                              W I T N E S S E T H:

        WHEREAS, the Corporation and the Guarantor have heretofore entered into
a Senior Indenture, dated as of May 29, 2003 (the "Original Indenture"), with
the Trustee;

        WHEREAS, the Original Indenture is incorporated herein by this reference
and the Original Indenture, as may be amended and supplemented to the date
hereof, including by this First Supplemental Indenture, is herein called the
"Indenture";

        WHEREAS, under the Indenture, a new series of Securities may at any time
be established in accordance with the provisions of the Indenture and the terms
of such series may be described by a supplemental indenture executed by the
Corporation and the Trustee;

        WHEREAS, the Corporation hereby proposes to create under the Indenture a
new series of Securities;

        WHEREAS, additional Securities of other series hereafter established,
except as may be limited in the Indenture as at the time supplemented and
modified, may be issued from time to time pursuant to the Indenture as at the
time supplemented and modified; and

        WHEREAS, all conditions necessary to authorize the execution and
delivery of this First Supplemental Indenture and to make it a valid and binding
obligation of the Corporation have been done or performed.

        NOW, THEREFORE, in consideration of the agreements and obligations set
forth herein and for other good and valuable consideration, the sufficiency of
which is hereby acknowledged, the parties hereto hereby agree as follows:

                                    ARTICLE 1

                     4.75% CONVERTIBLE SENIOR NOTES DUE 2023

        SECTION 1.01 Establishment. There is hereby established a new series of
Securities to be issued under the Indenture, to be designated as the
Corporation's 4.75% Convertible Senior Notes due 2023 (the "Senior Convertible
Notes").

        There are to be authenticated and delivered $132,000,000 principal
amount of the Senior Convertible Notes, and no further Senior Convertible Notes
shall be authenticated and delivered except as provided by Section 304, 305,
306, 906 or 1106 of the Original Indenture, the last paragraph of Section 301
thereof, Section 1.09(f) hereof and Section 1.10(c)(iv) hereof. The Senior
Convertible Notes shall be issued in fully registered form without coupons.

<PAGE>

        The Senior Convertible Notes shall be in substantially the form set out
in Exhibit A hereto, and the form of the Trustee's Certificate of Authentication
for the Senior Convertible Notes shall be in substantially the form set forth in
Exhibit B hereto.

        Each Senior Convertible Note shall be dated the date of authentication
thereof and shall bear interest from the date of original issuance thereof or
from the most recent Interest Payment Date to which interest has been paid or
duly provided for.

        The Senior Convertible Notes issued on the date hereof will be (i)
offered and sold by the Company pursuant to the Purchase Agreement and (ii)
resold initially only to (A) QIBs in reliance on Rule 144A (such resold Senior
Convertible Notes to be referred to herein as the "Rule 144A Securities") and
(B) Persons other than U.S. Persons (as defined in Regulation S) in reliance on
Regulation S (such resold Senior Convertible Notes to be referred to herein as
the "Regulation S Securities" and, together with the Rule 144A Securities, the
"Transfer Restricted Securities"). Such Transfer Restricted Securities may
thereafter be transferred to, among others, QIBs and purchasers in reliance on
Regulation S.

        SECTION 1.02 Definitions. The following defined terms used herein shall,
unless the context otherwise requires, have the meanings specified below for
purposes of the Senior Convertible Notes. Capitalized terms used herein for
which no definition is provided herein shall have the meanings set forth in the
Original Indenture.

        "Average Sale Price" has the meaning provided in Section 1.08(a) hereof.

        "Business Day" means, with respect to any Security (including the Senior
Convertible Notes), 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 a day on
which the Corporate Trust Office of the Trustee is closed.

        "Clearstream" means Clearstream Banking, societe anonyme, Luxembourg.

        "Common Stock" means the common stock, $0.625 par value, of the
Corporation, which is the only outstanding class of the Corporation's Common
Stock.

        "Conversion Agent" means the Trustee or such other office or agency
designated by the Corporation where Senior Convertible Notes may be presented
for conversion.

        "Conversion Date" has the meaning provided in Section 1.10(c)(i) hereof.

        "Conversion Price" means $1,000 divided by the Conversion Rate,
initially $19.39 per share of Common Stock.

        "Conversion Rate" has the meaning provided in Section 1.10(b) hereof.

        "Corporation Purchase Notice" has the meaning provided in Section
1.09(a) hereof.

        "Corporation Purchase Notice Date" has the meaning provided in Section
1.09(a) hereof.

                                        2

<PAGE>

        "Current Market Price" per share of Common Stock on any day means the
average of the daily Last Reported Sale Price for the five consecutive Trading
Days selected by the Corporation commencing not more than 30 Trading Days
before, and ending not later than, the earlier of the day in question (including
upon the occurrence of a Fundamental Change) and the day before the "ex date"
with respect to the issuance or distribution requiring such computation. As used
herein, the term "ex date," when used with respect to any issuance or
distribution, shall mean the first date on which the Common Stock trades regular
way on the exchange or in the market in which the security trades without the
right to receive such issuance or distribution.

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

        "Expiration Time" has the meaning provided in Section 1.10(g)(vi)
hereof.

        "Fundamental Change" will be deemed to have occurred at the time after
Original Issue Date that any of the following occurs:

                (i)     a "person" or "group" within the meaning of Section
        13(d) of the Exchange Act other than the Corporation, its subsidiaries
        or its or their employee benefit plans, files a Schedule TO or any
        schedule, form or report under the Exchange Act disclosing that such
        person or group has become the direct or indirect ultimate "beneficial
        owner," as defined in Rule 13d-3 under the Exchange Act, of the
        Corporation's common equity representing more than 50% of the voting
        power of the Corporation's common equity entitled to vote generally in
        the election of directors; or

                (ii)    consummation of any share exchange, consolidation or
        merger of the Corporation pursuant to which the Common Stock will be
        converted into cash, securities or other property or any sale, lease or
        other transfer in one transaction or a series of transactions of all or
        substantially all of the consolidated assets of the Corporation and its
        subsidiaries, taken as a whole, to any person other than the Corporation
        or one or more of its subsidiaries; provided, however, that a
        transaction where the holders of the Corporation's common equity
        immediately prior to such transaction have directly or indirectly, more
        than 50% of the aggregate voting power of all classes of common equity
        of the continuing or surviving corporation or transferee entitled to
        vote generally in the election of directors immediately after such event
        shall not be a Fundamental Change.

        A Fundamental Change will not be deemed to have occurred in respect of
either of the foregoing, however, if either:

                (i)     the Last Reported Sale Price of the Common Stock for any
        five Trading Days within the 10 consecutive Trading Days ending
        immediately before the later of the Fundamental Change or the public
        announcement thereof, equals or exceeds 105% of the Conversion Price of
        the Senior Convertible Notes immediately before the Fundamental Change
        or the public announcement thereof, or

                (ii)    at least 90% of the consideration, excluding cash
        payments for fractional shares, in the transaction or transactions
        constituting the Fundamental Change consists of shares of capital stock
        traded on a national securities exchange or quoted on the Nasdaq
        National Market or which will be so traded or quoted when issued or
        exchanged in
                                        3

<PAGE>

        connection with a Fundamental Change (these securities being referred to
        as "publicly traded securities") and as a result of this transaction or
        transactions the Senior Convertible Notes become convertible into such
        publicly traded securities, excluding cash payments for fractional
        shares.

        For purposes of this First Supplemental Indenture the term capital stock
of any Person means any and all shares (including ordinary shares or American
Depositary Shares), interests, participations, or other equivalents, however
designated, of corporate stock or other equity participations, including
partnership interests, whether general or limited, of such Person and any rights
(other than debt securities convertible or exchangeable into an equity
interest), warrants or options to acquire an equity interest in such Person.

        "Fundamental Change Purchase Date" has the meaning provided in Section
1.07(a) hereof.

        "Fundamental Change Purchase Notice" has the meaning provided in Section
1.07(b)(i) hereof.

        "Fundamental Change Purchase Price" has the meaning provided in Section
1.07(a) hereof.

        "Initial Purchasers" means the several initial purchasers party to the
Purchase Agreement.

        "Interest Payment Date" means each May 15 and November 15 of each year,
commencing November 15, 2003.

        "interest period" means any six-month period from May 15 to November 14
and from November 15 to May 14, as appropriate, commencing with the six-month
period beginning November 15, 2003.

        "Last Reported Sale Price" of the Common Stock on any date means the
closing sale price per share (or if no closing sale price is reported, the
average of the bid and asked prices or, if more than one in either case, the
average of the average bid and the average asked prices) on that date as
reported in composite transactions for the principal U.S. securities exchange on
which the Common Stock is traded or, if the Common Stock is not listed on a U.S.
national or regional securities exchange, as reported by the Nasdaq National
Market. If the Common Stock is not listed for trading on a U.S. national or
regional securities exchange and not reported by the Nasdaq National Market on
the relevant date, the "Last Reported Sale Price" will be the last quoted bid
price for the Common Stock in the over-the-counter market on the relevant date
as reported by the National Quotation Bureau or similar organization. If the
Common Stock is not so quoted, the "Last Reported Sale Price" will be the
average of the mid-point of the last bid and asked prices for the Common Stock
on the relevant date quoted by each of at least three nationally recognized
independent investment banking firms selected by the Corporation for this
purpose.

        "Original Issue Date" means May 29, 2003.

                                        4

<PAGE>

        "Purchase Agreement" means the Purchase Agreement, dated May 23, 2003,
among the Corporation, and Citigroup Global Markets Inc. and UBS Warburg LLC, as
the representatives of the initial purchasers.

        "Purchase Price" means an amount equal to the principal amount of the
Senior Convertible Notes to be purchased plus any accrued and unpaid interest to
but excluding the Put Date.

        "Purchase Price Consideration" has the meaning provided in Section
1.08(a) hereof.

        "Purchased Shares" has the meaning provided in Section 1.10(g)(vi).

        "Put Date" has the meaning provided in Section 1.08(a) hereof.

        "Put Notice" has the meaning provided in Section 1.08(b)(i) hereof.

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

        "Record Date" means, with respect to any dividend, distribution or other
transaction or event in which the holders of Common Stock have the right to
receive any cash, securities or other property or in which the Common Stock (or
other applicable security) is exchanged for or converted into any combination of
cash, securities or other property, the date fixed for determination of
shareholders entitled to receive such cash, securities or other property
(whether such date is fixed by the Board of Directors or by statute, contract or
otherwise).

        "Redemption Date" has the meaning provided in Section 1.06(a) hereof.

        "Redemption Price" has the meaning provided in Section 1.06(a) hereof.

        "Registration Agreement" means the Registration Rights Agreement dated
May 29, 2003, among the Company and the Initial Purchasers.

        "Regular Record Date" means, with respect to each Interest Payment Date,
the close of business on the 15th calendar day immediately preceding such
Interest Payment Date (whether or not a Business Day).

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

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

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

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

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

                                        5

<PAGE>

        "Senior Convertible Notes" has the meaning provided in Section 1.01
hereof.

        "Special Record Date" has the meaning provided in Section 1.03(a)
hereof.

        "Spin-off Market Price" per share of Common Stock of the Corporation or
the capital stock of, or similar equity interests in, a subsidiary or other
business unit of the Corporation on any day means the average of the daily Last
Reported Sale Price for the 10 consecutive Trading Days commencing on and
including the fifth Trading Day after the "ex date" with respect to the issuance
or distribution requiring such computation. As used herein, the term "ex date,"
when used with respect to any issuance or distribution, shall mean the first
date on which the Common Stock trades regular way on the exchange or in the
market in which the security trades without the right to receive such issuance
or distribution.

        "Stated Maturity" means May 15, 2023.

        "Trading Day" means (a) if the applicable security is listed, admitted
for trading or quoted on the New York Stock Exchange, the Nasdaq National Market
or another U.S. national or regional securities exchange, a day on which the New
York Stock Exchange, the Nasdaq National Market or such other national or
regional securities exchange, as the case may be, is open for business or (b) if
the applicable security is not so listed, admitted for trading or quoted, any
Business Day.

        "Trading Price" means the price of the Senior Convertible Notes as
determined by the Corporation as calculated in connection with Section 1.14. The
Corporation may determine the Trading Price based upon the average of the
secondary market bid quotations, as of any date of determination, per $1,000
principal amount of Senior Convertible Notes obtained by a bid solicitation
agent appointed by the Corporation for $10 million principal amount of Senior
Convertible Notes at approximately 4:00 p.m., New York City time, on such
determination date from three recognized securities dealers (none of which shall
be an Affiliate of the Corporation) in The City of New York (or such other place
that may be determined from time to time by the Corporation) selected by the
Corporation; provided, however, if (a) at least three such bids are not obtained
by the bid solicitation agent or (b) in the Corporation's reasonable judgment,
the bid quotations are not indicative of the secondary market value of the
Senior Convertible Notes as of such determination date, then the Trading Price
for such determination date shall equal (1) the Conversion Rate in effect as of
such determination date multiplied by (2) the average Last Reported Sale Price
of the Common Stock for the five Trading Days ending on such determination date,
appropriately adjusted to take into account the occurrence, during the period
commencing on the first of such Trading Days during such five Trading Day period
and ending on such determination date, of any event described in Section 1.10(g)
hereof.

        "Trustee" has the meaning provided in the preamble hereof.

        SECTION 1.03 Payment of Principal and Interest. (a) The principal of the
Senior Convertible Notes shall be due at Stated Maturity (unless earlier
redeemed or purchased by the Corporation). The unpaid principal amount of the
Senior Convertible Notes shall bear interest at the rate of 4.75% per annum
until paid or duly provided for, such interest to accrue from May 29, 2003 or
from the most recent Interest Payment Date to which interest has been paid or
duly

                                        6

<PAGE>

provided for. Interest shall be paid semi-annually in arrears, commencing on
November 15, 2003, on each Interest Payment Date to the Person or Persons in
whose name the Senior Convertible Notes are registered on the Regular Record
Date for such Interest Payment Date. Any such interest that is not so punctually
paid or duly provided for shall forthwith cease to be payable to the Holders on
such Regular Record Date and may either be paid to the Person or Persons in
whose name the Senior Convertible Notes are registered at the close of business
on a Special Record Date for the payment of such defaulted interest to be fixed
by the Trustee ("Special Record Date"), notice whereof shall be given to Holders
of the Senior Convertible Notes not less than ten (10) days prior to such
Special Record Date, or be paid at any time in any other lawful manner not
inconsistent with the requirements of any securities exchange, if any, on which
the Senior Convertible Notes may be listed, and upon such notice as may be
required by any such exchange, all as more fully provided in the Original
Indenture.

        (b)     Payments of interest on the Senior Convertible Notes shall
include interest accrued to but excluding the respective Interest Payment Dates,
Redemption Date, Put Date or Fundamental Change Purchase Date, as the case may
be. Payments of interest for the Senior Convertible Notes shall be computed and
paid on the basis of a 360-day year of twelve 30-day months. In the event that
any date on which interest is payable on the Senior Convertible Notes is not a
Business Day, then payment of the interest payable on such date shall be made on
the next succeeding day that is a Business Day (and without any interest or
payment in respect of any such delay) with the same force and effect as if made
on the date the payment was originally payable and no additional interest will
accrue on that payment from and after the date on which the interest is payable
to the date of that payment on the next succeeding Business Day.

        (c)     Payment of principal of, premium, if any, and interest on the
Senior Convertible Notes shall be made in such coin or currency of the United
States of America as at the time of payment is legal tender for payment of
public and private debts or such other form of consideration as set forth
herein. Payments of principal of, premium, if any, and interest on Senior
Convertible Notes represented by a Global Security shall be made by wire
transfer of immediately available funds to the Holder of such Global Security,
provided that, in the case of payments of principal and premium, if any, such
Global Security is first surrendered to the Paying Agent. If any of the Senior
Convertible Notes are no longer represented by a Global Security, (i) payments
of principal, premium, if any, and interest due at the Stated Maturity or
earlier redemption or purchase of such Senior Convertible Notes shall be made at
the office of the Paying Agent upon surrender of such Senior Convertible Notes
to the Paying Agent and (ii) payments of interest shall be made, at the option
of the Corporation, subject to such surrender where applicable, (A) by check
mailed to the address of the Person entitled thereto as such address shall
appear in the Security Register or (B) by wire transfer at such place and to
such account at a banking institution in the United States as may be designated
in writing to the Trustee at least sixteen (16) days prior to the date for
payment by the Person entitled thereto.

        (d)     If any payment date, whether an Interest Payment Date, a date on
which payment is due at Maturity, a date on which payment is due upon
redemption, a Fundamental Change Purchase Date or a Put Date, falls on a day
that is not a Business Day, the required payment will be made on the next
succeeding Business Day with the same force and effect as if made on the date
that the payment was due and no additional interest will accrue on that payment
for the

                                        7

<PAGE>

period from and after such payment date that is not a Business Day to the date
of that payment on the next succeeding Business Day.

        SECTION 1.04 Denominations. The Senior Convertible Notes shall be issued
in denominations of $1,000 and any integral multiple thereof.

        SECTION 1.05 Global Securities. (a) The Senior Convertible Notes shall
initially be issued in the form of one or more Global Securities registered in
the name of the Depositary (which initially shall be The Depository Trust
Company) or its nominee. Except under the limited circumstances described below,
Senior Convertible Notes represented by such Global Security or Global
Securities shall not be exchangeable for, and shall not otherwise be issuable
as, Senior Convertible Notes in definitive form ("Definitive Securities"). The
Global Securities described in this Article 1 may not be transferred except by
the Depositary to a nominee of the Depositary or by a nominee of the Depositary
to the Depositary or another nominee of the Depositary or to a successor
Depositary or its nominee.

        (b)     A Global Security shall be exchangeable for Senior Convertible
Notes registered in the names of Persons other than the Depositary or its
nominee only if (i) the Depositary notifies the Corporation that it is unwilling
or unable to continue as a Depositary for such Global Security and no successor
Depositary shall have been appointed by the Corporation within 90 days of
receipt by the Corporation of such notification, or if at any time the
Depositary ceases to be a clearing agency registered under the Exchange Act at a
time when the Depositary is required to be so registered to act as such
Depositary and no successor Depositary shall have been appointed by the
Corporation within 90 days after it becomes aware of such cessation or (ii) the
Corporation in its sole discretion determines that such Global Security shall be
so exchangeable. Any Global Security that is exchangeable pursuant to the
preceding sentence shall be exchangeable for Senior Convertible Notes registered
in such names as the Depositary shall direct.

        (c)     Transfers, exchanges and forms of the Senior Convertible Notes
are further subject to the provisions of Section 1.15.

        SECTION 1.06 Optional Redemption. (a) On or after May 20, 2009, the
Senior Convertible Notes shall be redeemable, in whole or, from time to time, in
part, at the option of the Corporation on any date (a "Redemption Date"), at a
redemption price equal to 100% of the principal amount of the Senior Convertible
Notes to be redeemed plus any accrued and unpaid interest on the principal
amount to be redeemed to but excluding the Redemption Date (the "Redemption
Price").

        (b)     The Corporation shall notify each Holder of the redemption
pursuant to Section 1104 of the Original Indenture.

        (c)     If any Senior Convertible Notes selected for partial redemption
are thereafter surrendered for conversion in part before termination of the
conversion right with respect to the portion of the Senior Convertible Notes so
selected, the converted portion of such Senior Convertible Notes shall be deemed
(so far as may be), solely for purposes of determining the aggregate principal
amount of Senior Convertible Notes to be redeemed by the Corporation, to

                                        8

<PAGE>

be the portion selected for redemption. Senior Convertible Notes which have been
converted during a selection of Senior Convertible Notes to be redeemed may be
treated by the Trustee as Outstanding for the purpose of such selection. Nothing
in this Section 1.06(c) shall affect the right of any Holder to convert any
Senior Convertible Notes before the termination of the conversion right with
respect thereto. If the Corporation decides to redeem fewer than all of the
outstanding Senior Convertible Notes then the Trustee will select the Senior
Convertible Notes to be redeemed (in principal amount of $1,000 or integral
multiples thereof) by lot, or on a pro rata basis or by another method the
Trustee considers fair and appropriate.

        (d)     In addition to those matters set forth in Section 1104 of the
Indenture, a notice of redemption sent to the Holders of Senior Convertible
Notes shall state:

                (i)     the name of the Paying Agent and Conversion Agent;

                (ii)    the then current Conversion Rate;

                (iii)   that the Senior Convertible Notes called for redemption
        may be converted at any time prior to the close of business on the
        second Business Day immediately preceding the Redemption Date; and

                (iv)    that Holders who wish to convert Senior Convertible
        Notes must comply with the procedures in Section 1.10 hereof and the
        second through seventh paragraphs of the reverse of the Senior
        Convertible Notes.

                (e)     The Senior Convertible Notes shall not have a sinking
        fund.

        SECTION 1.07 Purchase at the Option of the Holder Upon a Fundamental
Change. (a) If a Fundamental Change shall occur at any time prior to May 15,
2009, each Holder shall have the right, at such Holder's option, to require the
Corporation to purchase any or all of such Holder's Senior Convertible Notes for
cash on the date that is no later than 35 days after the date of the Corporation
Purchase Notice of the occurrence of such Fundamental Change (subject to
extension to comply with applicable law, as provided in Section 1.09(g)) (the
"Fundamental Change Purchase Date"). The Corporation shall purchase such Senior
Convertible Notes at a price (the "Fundamental Change Purchase Price") equal to
100% of the principal amount of the Senior Convertible Notes to be purchased
plus any accrued and unpaid interest on the principal amount to be purchased to
but excluding the Fundamental Change Purchase Date. No Senior Convertible Notes
may be purchased at the option of the Holders due to a Fundamental Change if
there has occurred and is continuing an Event of Default (other than an Event of
Default that is cured by the payment of the Fundamental Change Purchase Price of
such Senior Convertible Notes).

        (b)     Exercise of Fundamental Change Option. For a Senior Convertible
Note to be so purchased at the option of the Holder pursuant to this Section
1.07, the Paying Agent must receive:

                (i)     a written notice of purchase (a "Fundamental Change
        Purchase Notice") substantially in the form entitled "Form of
        Fundamental Change Purchase Notice" on the reverse of the Senior
        Convertible Note duly completed, on or before the close of business

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<PAGE>

        on the Business Day immediately preceding the Fundamental Change
        Purchase Date, subject to extension to comply with applicable law. The
        Fundamental Change Purchase Notice shall state:

                        (1)     if certificated, the certificate numbers of the
                Senior Convertible Notes which the Holder shall deliver to be
                purchased;

                        (2)     the portion of the principal amount of the
                Senior Convertible Notes which the Holder shall deliver to be
                purchased, which portion must be $1,000 or an integral multiple
                thereof; and

                        (3)     that such Senior Convertible Notes shall be
                purchased as of the Fundamental Change Purchase Date pursuant to
                the terms and conditions specified in the Senior Convertible
                Notes and in the Indenture;

                (ii)    delivery or book-entry transfer of such Senior
        Convertible Notes prior to, on or after the Fundamental Change Purchase
        Date (together with all necessary endorsements) at the offices of the
        Paying Agent, such delivery or transfer being a condition to receipt by
        the Holder of the Fundamental Change Purchase Price therefor; provided,
        however, that such Fundamental Change Purchase Price shall be so paid
        pursuant to this Section 1.07 only if the Senior Convertible Notes so
        delivered or transferred to the Paying Agent shall conform in all
        respects to the description thereof in the related Fundamental Change
        Purchase Notice.

        SECTION 1.08 Purchase of Senior Convertible Notes at the Option of the
Holder. (a) On each of May 15, 2009, May 15, 2013 and May 15, 2018 (each, a "Put
Date"), each Holder shall have the right, at such Holder's option, to require
the Corporation to purchase any or all of such Holder's Senior Convertible
Notes. Any Senior Convertible Notes purchased by the Corporation on May 15, 2009
shall be purchased for cash. Any Senior Convertible Notes purchased by the
Corporation on May 15, 2013 or May 15, 2018 may be purchased at the option of
the Corporation for cash or shares of Common Stock, or a combination of cash and
shares of Common Stock (each a form of "Purchase Price Consideration");
provided, however, that payments for any accrued but unpaid interest on the
principal amount to be purchased shall be paid in cash. The Corporation shall
purchase such Senior Convertible Notes at a price equal to 100% of the principal
amount of the Senior Convertible Notes to be purchased plus any accrued and
unpaid interest on the principal amount to be purchased to but excluding the Put
Date. If the Corporation chooses to include shares of Common Stock as all or a
component of the Purchase Price Consideration, the number of shares of Common
Stock to be delivered will be equal to that portion of the Purchase Price
divided by 97.5% of the average closing sale price (the "Average Sale Price") of
the Common Stock for the five Trading Days ending on the third Business Day
prior to the applicable Put Date (appropriately adjusted to take into account
the occurrence of certain events that would result in an adjustment of the
Conversion Rate with respect to the Common Stock). The Holder bears the market
risk with respect to the value of the Common Stock to be received from the date
the Average Sale Price is determined to the Put Date. The Corporation will not
deliver fractional shares in repurchases using shares of Common Stock as
consideration. Holders of Senior Convertible Notes who would otherwise be
entitled to receive fractional shares will instead receive cash in an amount
equal to the Average Sale Price of a

                                       10

<PAGE>

share of the Common Stock multiplied by such fraction. The number of shares of
Common Stock to be delivered by the Corporation as Purchase Price Consideration
shall be equal to the portion of the Purchase Price to be paid in Common Stock
divided by the Average Sale Price.

        The Corporation's right to purchase Senior Convertible Notes, in whole
or in part, with Common Stock is subject to:

                (i)     the Corporation providing timely written notice of its
        election to do so;

                (ii)    the Common Stock then being listed on a national
        securities exchange or quoted on the Nasdaq National Market;

                (iii)   information necessary to calculate the market price of
        the Common Stock being published in a daily newspaper of national
        circulation;

                (iv)    registration of the Common Stock under the Securities
        Act and the Exchange Act, if required; and

                (v)     the Corporation obtaining any necessary qualification or
        registration under applicable state securities law or the availability
        of an exemption from such qualification and registration.

        If the conditions in items (i) through (v) above are not satisfied with
respect to a Holder prior to the close of business on the Put Date, we will pay
the Purchase Price of the Senior Convertible Notes submitted by such Holder in
accordance with Section 1.08 herein entirely in cash. Except as provided herein,
the Corporation cannot change the form or components or percentages of
components of consideration to be paid for the Senior Convertible Notes once we
have given the Corporation Purchase Notice.

        (b)     Exercise of Put Option. For a Senior Convertible Note to be so
purchased at the option of the Holder, the Paying Agent must receive:

                (i)     a written notice of purchase (a "Put Notice")
        substantially in the form entitled "Form of Put Notice" on the reverse
        of the Senior Convertible Note duly completed, at any time from the
        opening of business on the date that is 20 Business Days prior to a Put
        Date until the close of business on the fifth Business Day prior to such
        Put Date. The Put Notice shall state:

                        (1)     if certificated, the certificate numbers of the
                Senior Convertible Notes which the Holder shall deliver to be
                purchased;

                        (2)     the portion of the principal amount of the
                Senior Convertible Notes which the Holder shall deliver to be
                purchased, which portion must be $1,000 or an integral multiple
                thereof;

                        (3)     that such Senior Convertible Notes shall be
                purchased as of the Put Date pursuant to the terms and
                conditions specified in the Senior Convertible Notes and in the
                Indenture; and

                                       11

<PAGE>

                        (4)     for the May 15, 2013 and May 15, 2018 Put Dates,
                in the event the Corporation elects, pursuant to the notice that
                it is required to give, to pay the Purchase Price in shares of
                Common Stock, in whole or in part, but the Purchase Price is
                ultimately to be paid to the Holder entirely in cash because any
                of the conditions to payment of the Purchase Price, or any
                portion of the Purchase Price, in shares of Common Stock is not
                satisfied prior to the close of business on the last Business
                Day prior to the Put Date, whether the Holder elects: (A) to
                withdraw the purchase notice as to some or all of the Senior
                Convertible Notes to which it relates; or (B) to receive cash in
                respect of the entire Purchase Price for all Senior Convertible
                Notes subject to the purchase notice.

        If a Holder fails to indicate its choice with respect to the election
described in Section 1.08(b)(i)(4), such Holder will be deemed to have elected
to receive cash in respect of the entire Purchase Price for all Senior
Convertible Notes subject to the Corporation Purchase Notice in these
circumstances.

                (ii)    delivery or book-entry transfer of such Senior
        Convertible Notes to the Paying Agent prior to, on or after the Put Date
        (together with all necessary endorsements) at the offices of the Paying
        Agent, such delivery or transfer being a condition to receipt by the
        Holder of the Purchase Price therefor; provided, however, that such
        Purchase Price shall be so paid pursuant to this Section 1.08 only if
        the Senior Convertible Notes so delivered or transferred to the Paying
        Agent shall conform in all respects to the description thereof in the
        related Put Notice.

        SECTION 1.09 Further Conditions and Procedures for Purchase Upon a
Fundamental Change and Purchase at the Option of the Holder.

        (a)     Notice of Put Date or Fundamental Change. The Corporation shall
send notices (each, a "Corporation Purchase Notice") to the Holders (and to
beneficial owners as required by applicable law) at their addresses shown in the
Senior Convertible Note register maintained by the Security Registrar, and shall
deliver a copy of each such notice to the Trustee and Paying Agent, not less
than 20 Business Days prior to each Put Date, or on or before the 30th day after
the occurrence of the Fundamental Change, as the case may be (each such date of
delivery, a "Corporation Purchase Notice Date"). Any such notice delivered to
the Trustee and the Paying Agent with respect to a Fundamental Change shall be
accompanied by an Officers' Certificate certifying that a Fundamental Change has
occurred and as to the date of the occurrence thereof, on which Certificate the
Trustee and the Paying Agent may conclusively rely. Each Corporation Purchase
Notice shall include a form of Put Notice or Fundamental Change Purchase Notice
to be completed by a Holder and shall state:

                (i)     the applicable Purchase Price or Fundamental Change
        Purchase Price, excluding accrued and unpaid interest, the applicable
        Conversion Rate at the time of such notice (and any applicable
        adjustments to the Conversion Rate) and, to the extent known at the time
        of such notice, the amount of interest that will be payable with respect
        to the Senior Convertible Notes on the applicable Put Date or
        Fundamental Change Purchase Date;

                                       12

<PAGE>

                (ii)    if the notice relates to a Fundamental Change, the
        events causing the Fundamental Change and the date of the Fundamental
        Change;

                (iii)   if the notice relates to a Put Date, the form of
        Purchase Price Consideration to be paid, specifying the percentages of
        each form if it is a combination;

                (iv)    the Put Date or Fundamental Change Purchase Date;

                (v)     the last date on which a Holder may exercise its
        purchase right;

                (vi)    the name and address of the Paying Agent and the
        Conversion Agent;

                (vii)   that Senior Convertible Notes must be surrendered to the
        Paying Agent to collect payment of the Purchase Price or Fundamental
        Change Purchase Price;

                (viii)  that Senior Convertible Notes as to which a Put Notice
        or Fundamental Change Purchase Notice has been given by the Holder to
        the Corporation may be converted only if the applicable Put Notice or
        Fundamental Change Purchase Notice has been withdrawn by the Holder in
        accordance with the terms of this First Supplemental Indenture; provided
        that the Senior Convertible Notes are otherwise convertible in
        accordance with the second through seventh paragraphs of the reverse of
        the Senior Convertible Notes;

                (ix)    that the Purchase Price or Fundamental Change Purchase
        Price for any Senior Convertible Notes as to which a Put Notice or a
        Fundamental Change Purchase Notice, as applicable, has been given and
        not withdrawn shall be paid by the Paying Agent promptly following the
        later of the Put Date or Fundamental Change Purchase Date, as
        applicable, or the time of book-entry transfer or delivery of such
        Senior Convertible Notes;

                (x)     the procedures the Holder must follow under Sections
        1.07 or 1.08, as applicable, and this Section 1.09;

                (xi)    briefly, the conversion rights of the Senior Convertible
        Notes and whether, at the time of such notice, the Convertible Senior
        Notes are eligible for conversion;

                (xii)   that, unless the Corporation defaults in making payment
        of such Purchase Price or Fundamental Change Purchase Price on Senior
        Convertible Notes covered by any Put Notice or Fundamental Change
        Purchase Notice, as applicable, interest will cease to accrue on and
        after the Put Date or Fundamental Change Purchase Date, as applicable;

                (xiii)  the CUSIP and, if applicable, the ISIN number of the
        Senior Convertible Notes; and

                (xiv)   the procedures for withdrawing a Put Notice or
        Fundamental Change Purchase Notice.

                                       13

<PAGE>

        Simultaneously with providing such Corporation Purchase Notice, the
Corporation will publish a notice containing the information in such Corporation
Purchase Notice in a newspaper of general circulation in The City of New York or
publish such information on its then existing web site or through such other
public medium as it may use at the time.

        At the Corporation's request, made at least five Business Days prior to
the date upon which such notice is to be mailed, and at the Corporation's
expense, the Paying Agent shall give the Corporation Purchase Notice in the
Corporation's name; provided, however, that, in all cases, the text of the
Corporation Purchase Notice shall be prepared by the Corporation.

        (b)     Effect of Put Notice or Fundamental Change Purchase Notice. Upon
receipt by the Paying Agent on behalf of the Corporation from the Holder of the
Fundamental Change Purchase Notice or the Put Notice specified in Section
1.07(b)(i) or Section 1.08(b)(i), as applicable, the Holder of the Senior
Convertible Notes in respect of which such Fundamental Change Purchase Notice or
the Put Notice, as the case may be, was given shall (unless such Fundamental
Change Purchase Notice or the Put Notice is withdrawn as specified in the
following two paragraphs) thereafter be entitled to receive solely the
Fundamental Change Purchase Price or the Purchase Price with respect to such
Senior Convertible Notes. Such Fundamental Change Purchase Price or Purchase
Price shall be paid by the Paying Agent to such Holder promptly following the
later of (x) the Fundamental Change Purchase Date or the Put Date, as the case
may be, with respect to such Senior Convertible Notes (provided the conditions
in Section 1.07(b) or Section 1.08(b), as applicable, have been satisfied) and
(y) the time of delivery or book-entry transfer of such Senior Convertible Notes
to the Paying Agent by the Holder thereof in the manner required by Section
1.07(b)(ii) or Section 1.08(b)(ii), as applicable. Senior Convertible Notes in
respect of which a Fundamental Change Purchase Notice or Put Notice, as the case
may be, has been given by the Holder thereof may not be converted for shares of
Common Stock on or after the date of the delivery of such Fundamental Change
Purchase Notice or Put Notice, as the case may be, unless such Fundamental
Change Purchase Notice or Put Notice, as the case may be, has first been validly
withdrawn or deemed to have been validly withdrawn as specified in Section
1.09(c); provided that the Senior Convertible Notes are otherwise convertible in
accordance with the second through seventh paragraphs of the reverse of the
Senior Convertible Notes.

        On or before 10:00 a.m. (New York City time) on the Fundamental Change
Purchase Date or the Put Date, as the case may be, the Corporation shall deposit
with the Paying Agent (or if the Corporation or an Affiliate of the Corporation
is acting as the Paying Agent, shall segregate and hold in trust) the Purchase
Price Consideration sufficient to pay the aggregate Fundamental Change Purchase
Price or the aggregate Purchase Price, as the case may be, of the Senior
Convertible Notes to be purchased pursuant to Section 1.07 or Section 1.08, as
applicable. Payment by the Paying Agent of such Fundamental Change Purchase
Price or Purchase Price for such Senior Convertible Notes shall be made promptly
following the later of the Fundamental Change Purchase Date or the Put Date, as
the case may be, or the time of book-entry transfer or delivery of such Senior
Convertible Notes. If the Paying Agent holds, in accordance with the terms of
the Indenture, money sufficient to pay the Fundamental Change Purchase Price or
Purchase Price, as the case may be, of such Senior Convertible Notes on the
Business Day following the Fundamental Change Purchase Date or the Put Date, as
the case may be, then, on and after such date, such Senior Convertible Notes
shall cease to be outstanding and interest on

                                       14

<PAGE>

such Senior Convertible Notes shall cease to accrue, whether or not book-entry
transfer of such Senior Convertible Notes is made or such Senior Convertible
Notes are delivered to the Paying Agent, and all other rights of the Holder
shall terminate (other than the right to receive the Fundamental Change Purchase
Price or the Purchase Price, as the case may be, upon delivery or transfer of
the Senior Convertible Notes). Nothing herein shall preclude the Corporation
withholding any tax required by law.

        The Corporation shall require each Paying Agent (other than the Trustee)
to agree in writing that the Paying Agent shall hold in trust for the benefit of
Holders or the Trustee all money held by the Paying Agent for the payment of the
Fundamental Change Purchase Price or the Purchase Price, as the case may be, and
shall notify the Trustee of any default by the Corporation in making any such
payment. If the Corporation or an Affiliate of the Corporation acts as Paying
Agent, it shall segregate the money held by it as Paying Agent and hold it as a
separate trust fund. The Corporation at any time may require a Paying Agent to
deliver all money held by it pursuant to this Section 1.09 to the Trustee and to
account for any funds disbursed by the Paying Agent. Upon doing so, the Paying
Agent shall have no further liability for the money delivered to the Trustee.

        All questions as to the validity, eligibility (including time of
receipt) and acceptance of any Senior Convertible Notes for purchase shall be
determined by the Corporation, whose determination shall be final and binding,
absent manifest error.

        (c)     Withdrawal of a Put Notice or Fundamental Change Purchase
Notice. A Put Notice or Fundamental Change Purchase Notice, as the case may be,
may be withdrawn by means of a written notice of withdrawal delivered to the
office of the Paying Agent at any time prior to 5:00 p.m. New York City time on
the Business Day prior to the Put Date or the Fundamental Change Purchase Date,
as the case may be, to which it relates specifying:

                (i)     if certificated, the certificate number of the Senior
        Convertible Notes in respect of which such notice of withdrawal is being
        submitted;

                (ii)    the principal amount of the Senior Convertible Notes
        with respect to which such notice of withdrawal is being submitted; and

                (iii)   the principal amount, if any, of such Senior Convertible
        Notes which remains subject to the Put Notice or Fundamental Change
        Purchase Notice, as the case may be, and which has been or shall be
        transferred or delivered for purchase by the Corporation.

        The Paying Agent shall promptly notify the Corporation of the receipt by
it of any Put Notice or Fundamental Change Purchase Notice or written notice of
withdrawal thereof.

        (d)     Notwithstanding the requirements of Sections 1.07 or 1.08 and
this Section 1.09, if the Senior Convertible Notes are represented by Global
Securities in book-entry form the appropriate procedures of the Depositary must
be complied with for any purchase upon a Fundamental Change or Put Option.

                                       15

<PAGE>

        (e)     Effect of Event of Default. There shall be no purchase of any
Senior Convertible Notes pursuant to Section 1.07 or Section 1.08 if an Event of
Default has occurred and is continuing (other than a default that is cured by
the payment of the Purchase Price or Fundamental Change Purchase Price, as the
case may be). The Paying Agent shall promptly return to the respective Holders
thereof any Senior Convertible Notes (x) with respect to which a Put Notice or
Fundamental Change Purchase Notice, as the case may be, has been withdrawn in
compliance with this First Supplemental Indenture, or (y) held by it during the
continuance of an Event of Default (other than a default that is cured by the
payment of the Purchase Price or Fundamental Change Purchase Price, as the case
may be) in which case, upon such return, the Put Notice or Fundamental Change
Purchase Notice with respect thereto shall be deemed to have been withdrawn.

        (f)     Senior Convertible Notes Purchased in Part. Any Senior
Convertible Notes that are to be purchased only in part shall be surrendered at
the office of the Paying Agent (with, if the Corporation or the Trustee so
requires, due endorsement by, or a written instrument of transfer in form
satisfactory to the Corporation and the Trustee duly executed by, the Holder
thereof or such Holder's attorney duly authorized in writing) and the
Corporation shall execute and the Trustee or the Authenticating Agent, if any,
shall authenticate and deliver to the Holder of such Senior Convertible Notes,
without service charge, a new Senior Convertible Note or Senior Convertible
Notes, of any authorized denomination as requested by such Holder in aggregate
principal amount equal to, and in exchange for, the portion of the principal
amount of the Senior Convertible Notes so surrendered which is not purchased.

        (g)     Covenant to Comply with Securities Laws Upon Purchase of Senior
Convertible Notes. In connection with any offer to purchase Senior Convertible
Notes under Sections 1.07 or 1.08 hereof, the Corporation shall, to the extent
applicable, (i) comply with Rules 13e-4 and 14e-1 (and any successor provisions
thereto) under the Exchange Act, if applicable, (ii) file the related Schedule
TO (or any successor schedule, form or report) under the Exchange Act, if
applicable and (iii) otherwise comply with all applicable federal and state
securities laws so as to permit the rights and obligations under Sections 1.07,
1.08 or this Section 1.09 to be exercised in the manner specified in Sections
1.07, 1.08 or this Section 1.09; provided, however, that the Corporation shall
not take any action in violation of any applicable federal or state securities
laws.

        (h)     Repayment to the Corporation. The Trustee and the Paying Agent
shall return to the Corporation any cash or property that remains unclaimed as
provided in Section 1003 of the Original Indenture, together with any unclaimed
interest, held by them for the payment of a Purchase Price or Fundamental Change
Purchase Price, as the case may be; provided, however, that to the extent that
the aggregate amount of cash deposited by the Corporation pursuant to Section
1.09(b), as applicable, exceeds the aggregate Purchase Price or Fundamental
Change Purchase Price, as the case may be, of the Senior Convertible Notes or
portions thereof which the Corporation is obligated to purchase as of the Put
Date or Fundamental Change Purchase Date, as the case may be, then promptly on
and after the Business Day following the Put Date or Fundamental Change Purchase
Date, as the case may be, the Trustee or the Paying Agent, as the case may be,
shall return any such excess to the Corporation together with any excess
interest held by them for payment to Holders.

                                       16

<PAGE>

        (i)     In any case where a Put Date or a Fundamental Change Purchase
Date shall not be a Business Day at any Place of Payment, then (notwithstanding
any other provision of the Indenture or the Senior Convertible Notes) payment of
interest and the Purchase Price or the Fundamental Change Purchase Price, as the
case may be, need not be made at such Place of Payment on such date (provided
that all other conditions therefor have been complied with), but may be made on
the next succeeding Business Day at such Place of Payment (provided that such
conditions have been complied with) with the same force and effect as if made on
the Put Date or the Fundamental Change Purchase Date, as the case may be (and
without any interest or payment in respect of any such delay).

        SECTION 1.10 Conversion of Senior Convertible Notes.

        (a)     Right to Convert. A Holder may convert its Senior Convertible
Notes for Common Stock at any time during the periods specified in the second
paragraph of the reverse of the Senior Convertible Notes.

        (b)     The Conversion Rate. The initial Conversion Rate is 51.573
shares of Common Stock issuable upon conversion of $1,000 principal amount of a
Senior Convertible Note (the "Conversion Rate"), subject to adjustment as herein
set forth. A Holder may convert a portion of the principal amount of Senior
Convertible Notes if the portion is $1,000 or an integral multiple thereof.

        (c)     Conversion Procedures. To convert Senior Convertible Notes, the
requirements set forth in this Section 1.10(c) and in the second through seventh
paragraphs of the reverse of the Senior Convertible Notes must be satisfied.

                (i)     To convert the Senior Convertible Notes, a Holder must
        (1) complete and manually sign the irrevocable conversion notice on the
        back of the Senior Convertible Notes (or complete and manually sign a
        facsimile of such notice) and deliver such notice to the Conversion
        Agent at the office maintained by the Conversion Agent for such purpose,
        (2) with respect to Senior Convertible Notes in certificated form,
        surrender the Senior Convertible Notes to the Conversion Agent or with
        respect to Senior Convertible Notes represented by Global Securities,
        cause the book-entry transfer thereof to the Conversion Agent, (3)
        furnish appropriate endorsements and transfer documents if required by
        the Conversion Agent, the Corporation or the Trustee and (4) pay any
        transfer or similar tax, if required. The date on which the Holder
        satisfies all such requirements is the conversion date (the "Conversion
        Date"). As soon as practicable, but in no event later than the fifth
        Business Day following the Conversion Date, the Corporation shall
        deliver to the Holder, through the Conversion Agent, a certificate (or
        credit the book-entry transfer of such shares of Common Stock) for the
        number of full shares of Common Stock issuable upon the conversion and
        cash in lieu of any fractional share determined pursuant to Section
        1.10(d).

                (ii)    Holders of Senior Convertible Notes at the close of
        business on a Regular Record Date will receive payment of interest
        payable on the corresponding Interest Payment Date notwithstanding the
        conversion of such Senior Convertible Notes at any time after the close
        of business on such Regular Record Date. Senior Convertible Notes

                                       17

<PAGE>

        surrendered for conversion by a Holder during the period from the close
        of business on any Regular Record Date to the opening of business on the
        corresponding Interest Payment Date must be accompanied by payment of an
        amount equal to the interest that the Holder is to receive on the Senior
        Convertible Notes; provided, however, that no such payment need be made
        with respect to Senior Convertible Notes in respect of which a
        Redemption Date or Fundamental Change Purchase Date has been set that
        falls within this period or on such Interest Payment Date or to the
        extent any overdue interest exists at the time of such conversion.
        Except as described above, no payment or adjustment will be made for
        accrued interest on converted Senior Convertible Notes. Upon conversion
        of Senior Convertible Notes, a Holder will not receive any cash payment
        of interest (unless such conversion occurs between a Regular Record Date
        and the Interest Payment Date to which it relates) and the Corporation
        will not adjust the Conversion Rate to account for accrued and unpaid
        interest.

                (iii)   The Person in whose name the certificate for such shares
        of Common Stock is registered shall be treated as a stockholder of
        record on and after the Conversion Date; provided, however, that no
        surrender of Senior Convertible Notes on any date when the stock
        transfer books of the Corporation shall be closed shall be effective to
        constitute the Person or Persons entitled to receive the shares of
        Common Stock upon such conversion as the record holder or holders of
        such shares of Common Stock on such date, but such surrender shall be
        effective to constitute the Person or Persons entitled to receive such
        shares of Common Stock as the record holder or holders thereof for all
        purposes at the close of business on the next succeeding day on which
        such stock transfer books are open; such conversion shall be at the
        Conversion Rate in effect on the date that such Senior Convertible Notes
        shall have been surrendered for conversion, as if the stock transfer
        books of the Corporation had not been closed. Upon conversion of Senior
        Convertible Notes, such Person shall no longer be a Holder of such
        Senior Convertible Notes.

                (iv)    No payment or adjustment shall be made for dividends on
        or other distributions with respect to any Common Stock except as
        provided in Section 1.10(g) or as otherwise provided in the Indenture.
        If a Holder converts more than one Senior Convertible Note at the same
        time, the number of shares of Common Stock issuable upon the conversion
        shall be based on the total principal amount of the Senior Convertible
        Notes converted. Upon surrender of a Senior Convertible Note that is
        converted in part, the Corporation shall execute, and the Trustee or the
        Authenticating Agent shall authenticate and deliver to the Holder, a new
        Senior Convertible Note in an authorized denomination equal in principal
        amount to the unconverted portion of the Senior Convertible Note
        surrendered. If the last day on which Senior Convertible Notes may be
        converted is not a Business Day in a place where a Conversion Agent is
        located, the Senior Convertible Notes may be surrendered to that
        Conversion Agent on the next succeeding day that is a Business Day. A
        Holder of Senior Convertible Notes is not entitled to any rights of a
        holder of Common Stock until such Holder has converted its Senior
        Convertible Notes to Common Stock, and only to the extent such Senior
        Convertible Notes are deemed to have been converted into Common Stock
        pursuant to this Section 1.10.

                                       18

<PAGE>

                (v)     If a Holder of Senior Convertible Notes has already
        delivered a Fundamental Change Purchase Notice or Put Notice with
        respect to a Senior Convertible Note, then the Holder may not surrender
        such Senior Convertible Note for conversion until the Holder has
        withdrawn the applicable Fundamental Change Purchase Notice or Put
        Notice in accordance with the provisions hereof.

        (d)     Cash Payments in Lieu of Fractional Shares. The Corporation
shall not issue a fractional share of Common Stock upon conversion of Senior
Convertible Notes. Instead the Corporation shall deliver cash for the current
market value of the fractional share. The current market value of a fractional
share shall be determined to the nearest 1/10,000th of a share by multiplying
the Last Reported Sale Price of a full share of Common Stock on the Trading Day
immediately preceding the Conversion Date by the fractional amount and rounding
the product to the nearest whole cent.

        (e)     Taxes on Conversion. At the option of the Holders, if a Holder
converts Senior Convertible Notes, the Corporation shall pay any documentary,
stamp or similar issue or transfer tax due on the issue of shares of Common
Stock upon the conversion. However, the Holder shall pay any such tax which is
due because the Holder requests the shares to be issued in a name other than the
Holder's name. The Conversion Agent may refuse to deliver the certificates
representing the Common Stock being issued in a name other than the Holder's
name until the Conversion Agent receives a sum sufficient to pay any tax which
shall be due because the shares are to be issued in a name other than the
Holder's name. Nothing herein shall preclude the Corporation's withholding any
tax required by law.

        (f)     Covenants of the Corporation. The Corporation shall, prior to
issuance of any Senior Convertible Notes hereunder, and from time to time as may
be necessary, reserve out of its authorized but unissued Common Stock a
sufficient number of shares of Common Stock to permit the conversion of the
Senior Convertible Notes. All shares of Common Stock delivered upon conversion
of the Senior Convertible Notes shall be newly issued shares or treasury shares,
shall be duly and validly issued and fully paid and nonassessable and shall be
free from preemptive rights and free of any lien or adverse claim. The
Corporation shall endeavor promptly to comply with all federal and state
securities laws regulating the order and delivery of shares of Common Stock upon
the conversion of Senior Convertible Notes, if any, and shall cause to have
listed or quoted all such shares of Common Stock on the New York Stock Exchange,
or, if not listed thereon, on each United States national securities exchange or
over-the-counter or other domestic market on which the Common Stock is then
listed or quoted.

        (g)     Adjustments to Conversion Rate. The Conversion Rate shall be
adjusted from time to time by the Corporation as follows:

                (i)     In case the Corporation shall pay or make a dividend or
        other distribution on the Common Stock in Common Stock, the Conversion
        Rate, as in effect at the opening of business on the day following the
        date fixed for the determination of stockholders entitled to receive
        such dividend or other distribution, shall be increased by dividing such
        Conversion Rate by a fraction of which the numerator shall be the number
        of shares of Common Stock outstanding at the close of business on the
        date fixed for such determination and the denominator shall be the sum
        of such number of shares and the

                                       19

<PAGE>

        total number of shares constituting such dividend or other distribution,
        such increase to become effective immediately after the opening of
        business on the day following the date fixed for such determination. For
        the purposes of this Section 1.10(g)(i), the number of shares of Common
        Stock at any time outstanding shall not include shares held in treasury
        by the Corporation but shall include any shares issuable in respect of
        any scrip certificates issued in lieu of fractions of shares of Common
        Stock. The Corporation will not pay any dividend or make any
        distribution on shares of Common Stock held in treasury by the
        Corporation.

                (ii)    In case the Corporation shall issue rights, options or
        warrants (other than pursuant to any dividend reinvestment or share
        purchase plans) to all holders of its Common Stock (not being available
        on an equivalent basis to Holders of the Senior Convertible Notes upon
        conversion of such Senior Convertible Notes) entitling them, for a
        period expiring within 45 days after the record date for the
        determination of stockholders entitled to receive such rights, options
        or warrants, to subscribe for or purchase shares of Common Stock at a
        price per share less than the Current Market Price per share of the
        Common Stock on the date fixed for the determination of stockholders
        entitled to receive such rights, options or warrants (other than
        pursuant to a dividend reinvestment plan or share purchase plan), the
        Conversion Rate in effect at the opening of business on the day
        following the date fixed for such determination shall be increased by
        dividing such Conversion Rate by a fraction of which the numerator shall
        be the number of shares of Common Stock outstanding at the close of
        business on the date fixed for such determination plus the number of
        shares of Common Stock which the aggregate offering price of the total
        number of shares of Common Stock so offered for subscription or purchase
        would purchase at such Current Market Price and the denominator shall be
        the number of shares of Common Stock outstanding at the close of
        business on the date fixed for such determination plus the number of
        shares of Common Stock so offered for subscription or purchase at such
        below Current Market Price, such increase to become effective
        immediately after the opening of business on the day following the date
        fixed for such determination. For the purposes of this Section
        1.10(g)(ii), the number of shares of Common Stock at any time
        outstanding shall not include shares held in treasury by the Corporation
        but shall include any shares issuable in respect of any scrip
        certificates issued in lieu of fractions of shares of Common Stock. The
        Corporation shall not issue any such rights, options or warrants in
        respect of shares of Common Stock held in treasury by the Corporation.

                (iii)   In case outstanding shares of Common Stock shall be
        subdivided or split into a greater number of shares of Common Stock, the
        Conversion Rate in effect at the opening of business on the day
        following the day upon which such subdivision or split becomes effective
        shall be proportionately increased, and, conversely, in case outstanding
        shares of Common Stock shall each be combined into a smaller number of
        shares of Common Stock, the Conversion Rate in effect at the opening of
        business on the day following the day upon which such combination
        becomes effective shall be proportionately reduced, such increase or
        reduction, as the case may be, to become effective immediately after the
        opening of business on the day following the day upon which such
        subdivision, split or combination becomes effective.

                                       20

<PAGE>

                (iv)    In case the Corporation shall, by dividend or otherwise,
        distribute to all holders of its Common Stock evidences of its
        indebtedness, shares of capital stock, securities, cash or other
        property (but excluding any rights, options or warrants referred to in
        Section 1.10(g)(ii) of this Section, any dividend or distribution paid
        exclusively in cash and any dividend or distribution referred to in
        Section 1.10(g)(i)), the Conversion Rate shall be adjusted by dividing
        the Conversion Rate in effect immediately prior to the close of business
        on the date fixed for the determination of stockholders entitled to
        receive such distribution by a fraction of which the numerator shall be
        the Current Market Price per share of the Common Stock on the date fixed
        for such determination less the then fair market value (as determined by
        the Board of Directors, whose determination shall be conclusive and
        described in a Board Resolution) on such date of the portion of the
        evidences of indebtedness, shares of capital stock, securities, cash or
        other property so distributed applicable to one share of Common Stock
        and the denominator shall be such Current Market Price per share of the
        Common Stock, such adjustment to become effective immediately prior to
        the opening of business on the day following the date fixed for the
        determination of stockholders entitled to receive such distribution;
        provided, however, that in the event that the Corporation makes a
        distribution to all holders of its Common Stock consisting of capital
        stock of, or similar equity interests in, a subsidiary or other business
        unit of the Corporation, the Conversion Rate shall be adjusted by
        dividing the Conversion Rate in effect immediately prior to the close of
        business on the date fixed for the determination of stockholders
        entitled to receive such distribution by a fraction of which the
        numerator shall be the Spin-off Market Price per share of the Common
        Stock on the date fixed for such determination less the Spin-off Market
        Price per share or similar equity interest of the subsidiary or other
        business unit of the Corporation on such date and the denominator shall
        be the Spin-off Market Price per share of the Common Stock, such
        adjustment to become effective 10 trading days after the effective date
        of such distribution of capital stock of, or similar equity interest in,
        a subsidiary or other business unit of the Corporation. In any case in
        which this Section 1.10(g)(iv) is applicable, Sections 1.10(g)(i) and
        (ii) shall not be applicable.

                (v)     In case the Corporation shall, (I) by dividend or
        otherwise, distribute to all holders of its Common Stock cash (excluding
        (i) any cash that is distributed in an event to which Section
        1.10(h)(iv) applies or (ii) cash that is distributed as part of a
        distribution referred to in Section 1.10(g)(iv)) in an aggregate amount
        that, combined together with (II) the aggregate amount of any other
        distributions to all holders of its Common Stock made exclusively in
        cash within the 12 months preceding the date of payment of such
        distribution and in respect of which no adjustment pursuant to this
        Section 1.10(g)(v) or Section 1.10(g)(vi) has been made and (III) the
        aggregate of any cash plus the fair market value, as of the expiration
        of the applicable tender or exchange offer referred to below (as
        determined by the Board of Directors, whose determination shall be
        conclusive and described in a Board Resolution), of consideration
        payable in respect of any tender or exchange offer (other than
        consideration payable in respect of any odd-lot tender offer) by the
        Corporation or any of its subsidiaries for all or any portion of the
        Common Stock concluded within the 12 months preceding the date of
        payment of the distribution described in clause (I) above and in respect
        of which no adjustment pursuant to this Section 1.10(g)(v) or Section
        1.10(g)(vi) has been made, exceeds the product of $0.16 (appropriately
        adjusted from time to time for any stock dividends on or subdivisions or

                                       21

<PAGE>

        combinations of Common Stock) multiplied by the number of shares of
        Common Stock outstanding on such date, then, and in each such case,
        immediately after the close of business on such date for determination,
        the Conversion Rate shall be increased so that the same shall equal the
        rate determined by dividing the Conversion Rate in effect immediately
        prior to the close of business on the date fixed for determination of
        the stockholders entitled to receive such distribution by a fraction (i)
        the numerator of which shall be equal to the Current Market Price per
        share of the Common Stock on the date fixed for such determination plus
        $0.16 (appropriately adjusted from time to time for any stock dividends
        on or subdivisions or combination of Common Stock) less an amount equal
        to the quotient of (x) the combined amount distributed or payable in the
        transactions described in clauses (I), (II) and (III) above and (y) the
        number of shares of Common Stock outstanding on such date for
        determination and (ii) the denominator of which shall be equal to the
        Current Market Price per share of the Common Stock on such date for
        determination.

                (vi)    In case (I) a tender or exchange offer made by the
        Corporation or any subsidiary of the Corporation for all or any portion
        of the Common Stock (other than consideration payable in respect of any
        odd-lot tender offer) shall expire and such tender or exchange offer (as
        amended upon the expiration thereof) shall require the payment to
        stockholders (based on the acceptance (up to any maximum specified in
        the terms of the tender or exchange offer) of Purchased Shares) of an
        aggregate consideration having a fair market value (as determined by the
        Board of Directors, whose determination shall be conclusive and
        described in a Board Resolution) that combined together with (II) the
        aggregate of the cash plus the fair market value (as determined by the
        Board of Directors, whose determination shall be conclusive and
        described in a Board Resolution), as of the expiration of such tender or
        exchange offer, of consideration payable in respect of any other tender
        or exchange offer (other than consideration payable in respect of any
        odd-lot tender offer) by the Corporation or any subsidiary of the
        Corporation for all or any portion of the Common Stock expiring within
        the 12 months preceding the expiration of such tender or exchange offer
        and in respect of which no adjustment pursuant to Section 1.10(g)(v) or
        this Section 1.10(g)(vi) has been made and (III) the aggregate amount of
        any distributions to all holders of the Corporation's Common Stock made
        exclusively in cash within the 12 months preceding the expiration of
        such tender or exchange offer and in respect of which no adjustment
        pursuant to Section 1.10(g)(v) or this Section 1.10(g)(vi) has been
        made, exceeds the product of $0.16 (appropriately adjusted from time to
        time for any stock dividends on or subdivisions or combination of Common
        Stock) multiplied by the number of shares of Common Stock outstanding
        (including any tendered shares) as of the last time (the "Expiration
        Time") tenders could have been made pursuant to such tender or exchange
        offer (as it may be amended), then, and in each such case, immediately
        prior to the opening of business on the day after the date of the
        Expiration Time, the Conversion Rate shall be adjusted so that the same
        shall equal the rate determined by dividing the Conversion Rate
        immediately prior to the close of business as of the Expiration Time by
        a fraction (i) the numerator of which shall be equal to (A) the product
        of (1) the Current Market Price per share of the Common Stock as of the
        Expiration Time plus $0.16 (appropriately adjusted from time to time for
        any stock dividends on or subdivisions or combination of Common Stock)
        and (2) the number of shares of Common Stock outstanding (including any
        tendered shares) as of the Expiration

                                       22

<PAGE>

        Time less (B) the amount of cash plus the fair market value (determined
        as aforesaid) of the aggregate consideration payable to stockholders
        based on the transactions described in clauses (I), (II) and (III) above
        (assuming in the case of clause (I) the acceptance, up to any maximum
        specified in the terms of the tender or exchange offer, of Purchased
        Shares), and (ii) the denominator of which shall be equal to the product
        of (A) the Current Market Price per share of the Common Stock as of the
        Expiration Time and (B) the number of shares of Common Stock outstanding
        (including any tendered shares) as of the Expiration Time less the
        number of all shares validly tendered and not withdrawn as of the
        Expiration Time (the shares deemed so accepted, up to any such maximum,
        being referred to as the "Purchased Shares").

                (vii)   All adjustments to the Conversion Rate, shall be
        calculated to the nearest 1/10,000th of a share of Common Stock (or if
        there is not a nearest 1/10,000th of a share to the next lower
        1/10,000th of a share). No adjustment in the Conversion Rate shall be
        required unless such adjustment would require an increase or decrease of
        at least one percent therein; provided, however, that any adjustments
        which by reason of this subparagraph are not required to be made because
        they would have required an increase or decrease of less than one
        percent shall be carried forward and taken into account in any
        subsequent adjustment.

                (viii)  Notwithstanding the foregoing provisions of Section
        1.10(g)(ii) or (iv), no adjustment shall be made thereunder, nor shall
        an adjustment be made to the ability of a Holder of a Note to convert,
        for any distribution described therein if the Holder will otherwise
        participate in the distribution without conversion of such Holder's
        Senior Convertible Notes.

                (ix)    No adjustment pursuant to the Conversion Rate or a
        holder's ability to convert pursuant to this Section 1.10(g) shall be
        made in connection with the issuance of rights, the distribution of
        separate certificates representing rights or the exercise, redemption,
        termination or invalidation of rights pursuant to any stockholder rights
        plan implemented by the Corporation which provides that, upon conversion
        of the Senior Convertible Notes, the Holders shall receive, in addition
        to the Common Stock issuable upon such conversion, the rights issued
        under such stockholder rights plan (notwithstanding the occurrence of an
        event causing such rights to separate from the Common Stock at or prior
        to the time of conversion).

        (h)     Miscellaneous Provisions Relating to Conversion.

                (i)     When No Adjustment Required. No adjustment to the
        Conversion Rate need be made:

                        (1)     upon the issuance of any shares of Common Stock
                pursuant to any present or future plan providing for the
                reinvestment of dividends or interest payable on securities of
                the Corporation and the investment of additional optional
                amounts in shares of Common Stock under any plan;

                                       23

<PAGE>

                        (2)     upon the issuance of any shares of Common Stock
                or options or rights to purchase those shares pursuant to any
                present or future employee, director or consultant benefit plan
                or program of or assumed by the Corporation or any of its
                Subsidiaries;

                        (3)     upon the issuance of any shares of Common Stock
                pursuant to any option, warrant, right, or exercisable,
                exchangeable or convertible security not described in (2) above
                and outstanding as of the date the Senior Convertible Notes were
                first issued;

                        (4)     for a change in the par value of the Common
                Stock; or

                        (5)     for accrued and unpaid interest.

        To the extent the Senior Convertible Notes become convertible into cash,
        assets or property (other than capital stock of the Corporation or
        securities to which Section 1.10(h)(iv) applies), no adjustment shall be
        made thereafter as to the cash, assets or property. Interest shall not
        accrue on such cash, assets or property.

                (ii)    Notice of Adjustment. Whenever the Conversion Rate is
        adjusted, the Corporation shall promptly mail to Holders a notice of the
        adjustment. The Corporation shall file with the Trustee and the
        Conversion Agent such notice. The certificate shall, absent manifest
        error, be conclusive evidence that the adjustment is correct. Neither
        the Trustee nor any Conversion Agent shall be under any duty or
        responsibility with respect to any such certificate except to exhibit
        the same to any Holder desiring inspection thereof.

                (iii)   Voluntary Increase. The Corporation may make such
        increases in the Conversion Rate, in addition to those required by
        Section 1.10(g), as the Board of Directors considers to be advisable to
        avoid or diminish any income tax to holders of Common Stock or rights to
        purchase Common Stock resulting from any dividend or distribution of
        stock (or rights to acquire Common Stock) or from any event treated as
        such for income tax purposes. To the extent permitted by applicable law,
        the Corporation may from time to time increase the Conversion Rate by
        any amount for any period of time if the period is at least 20 days, the
        increase is irrevocable during the period and the Board of Directors
        shall have made a determination that such increase would be in the best
        interests of the Corporation, which determination shall be conclusive.
        Whenever the Conversion Rate is so increased, the Corporation shall mail
        to Holders and file with the Trustee and the Conversion Agent a notice
        of such increase. Neither the Trustee nor any Conversion Agent shall be
        under any duty or responsibility with respect to any such notice except
        to exhibit the same to any Holder desiring inspection thereof. The
        Corporation shall mail the notice at least 15 days before the date the
        increased Conversion Rate takes affect. The notice shall state the
        increased Conversion Rate and the period it shall be in effect.

                (iv)    Effect of Reclassification, Consolidation, Merger,
        Binding Share Exchange or Sale. If any of the following events occur,
        namely (a) any reclassification or

                                       24

<PAGE>

        change of outstanding shares of Common Stock (other than a change in par
        value, or from par value to no par value, or from no par value to par
        value, or as a result of a subdivision or combination), (b) any
        consolidation, merger or binding share exchange of the Corporation with
        another corporation as a result of which holders of Common Stock shall
        be entitled to receive stock, securities or other property or assets
        (including cash) with respect to or in exchange for such Common Stock or
        (c) any sale or conveyance of all or substantially all of the assets of
        the Corporation to any other corporation as a result of which holders of
        Common Stock shall be entitled to receive stock, securities or other
        property or assets (including cash) with respect to or in exchange for
        such Common Stock, then the Conversion Rate will not be adjusted. If any
        of the events described in the preceding sentence occur, the Corporation
        or the successor or purchasing corporation, as the case may be, shall
        execute with the Trustee a supplemental indenture or otherwise amend the
        terms of the Senior Convertible Notes, to provide that each Senior
        Convertible Note shall be convertible into the kind and amount of shares
        of stock, other securities or property or assets (including cash) that
        the Holder of the Senior Convertible Note would have received upon such
        reclassification, change, consolidation, merger, binding share exchange,
        sale or conveyance if such Holder had converted such Senior Convertible
        Note into the number of shares of Common Stock issuable upon conversion
        of such Senior Convertible Note immediately prior to such
        reclassification, change, consolidation, merger, combination, binding
        share exchange, sale or conveyance. Such supplemental indenture or other
        amendment to the Senior Convertible Notes shall provide for adjustments
        which shall be as nearly equivalent as may be practicable to the
        adjustments provided for in this Section 1.10(h)(iv). The Corporation
        shall cause notice of the execution of such supplemental indenture or
        amendment of the Senior Convertible Notes to be mailed to each Holder,
        at its address appearing on the Senior Convertible Note register, within
        20 days after execution thereof. Failure to deliver such notice shall
        not affect the legality or validity of such supplemental indenture. The
        above provisions of this Section shall similarly apply to successive
        reclassifications, changes, consolidations, mergers, combinations,
        binding share exchanges, sales and conveyances. If this Section
        1.10(h)(iv) applies to any event or occurrence, Section 1.10(g) shall
        not apply.

                (v)     Responsibility of Trustee. The Trustee and any other
        Conversion Agent shall not at any time be under any duty or
        responsibility to any Holder to either calculate the Conversion Rate or
        determine whether any facts exist which may require any adjustment of
        the Conversion Rate, or with respect to the nature or extent or
        calculation of any such adjustment when made, or with respect to the
        method employed herein, or in any supplemental indenture provided to be
        employed, in making the same and shall be protected in relying upon an
        Officers' Certificate with respect to the same. The Trustee and any
        other Conversion Agent shall not be accountable with respect to the
        validity or value (or the kind or amount) of any shares of Common Stock,
        or of any securities or property, which may at any time be issued or
        delivered upon the conversion of any Senior Convertible Notes and the
        Trustee and any other Conversion Agent make no representations with
        respect thereto. Neither the Trustee nor any Conversion Agent shall be
        responsible for any failure of the Corporation to issue, transfer or
        deliver any shares of Common Stock or stock certificates or other
        securities or property or cash upon the surrender of any Senior
        Convertible Notes for the purpose of conversion or to comply with any of
        the duties, responsibilities or covenants of the Corporation contained
        in this

                                       25

<PAGE>

        Section 1.10. Without limiting the generality of the foregoing, neither
        the Trustee nor any Conversion Agent shall be under any responsibility
        to determine the correctness of any provisions contained in any
        supplemental indenture entered into pursuant to Section 1.10(h)(iv)
        relating either to the kind or amount of shares of stock or securities
        or other property or assets (including cash) receivable by Holders upon
        the conversion of their Senior Convertible Notes after any event
        referred to in such Section 1.10(h)(iv) or to any adjustment to be made
        with respect thereto, but, subject to the provisions of Article Six of
        the Indenture, may accept as conclusive evidence of the correctness of
        any such provisions, and shall be protected in relying upon, the
        Officers' Certificate (which the Corporation shall be obligated to file
        with the Trustee prior to the execution of any such supplemental
        indenture) with respect thereto. Neither the Trustee nor the Conversion
        Agent shall be responsible for determining whether any event
        contemplated by the second paragraph of the reverse of the Senior
        Convertible Notes has occurred which makes the Senior Convertible Notes
        eligible for conversion or no longer eligible therefor until the
        Corporation has delivered to the Trustee and the Conversion Agent an
        Officers' Certificate stating that such event has occurred, on which
        Certificate the Trustee and the Conversion Agent may conclusively rely,
        and the Corporation agrees to deliver such Officers' Certificate to the
        Trustee and the Conversion Agent immediately after the occurrence of any
        such event.

        In no event shall the Trustee or the Conversion Agent be liable for any
indirect, special, punitive or consequential loss or damage of any kind
whatsoever, including, but not limited to, lost profits, even if the Trustee or
the Conversion Agent have been advised of the likelihood of such loss or damage
and regardless of the form of action.

        In no event shall the Trustee or the Conversion Agent be liable for any
failure or delay in the performance of its obligations hereunder because of
circumstances beyond its control, including, but not limited to, acts of God,
flood, war (whether declared or undeclared), terrorism, fire, riot, embargo,
government action, including any laws, ordinances, regulations, governmental
action or the like which delay, restrict or prohibit the providing of the
services contemplated by this Indenture.

                (vi)    Successive Adjustments. After an adjustment to the
        Conversion Rate under Section 1.10(g), any subsequent event requiring an
        adjustment under Section 1.10(g) shall cause an adjustment to the
        Conversion Rate as so adjusted.

                (vii)   General Considerations. Whenever successive adjustments
        to the Conversion Rate are called for pursuant to Sections 1.10(g) or
        1.10(h), such adjustments shall be made to the Current Market Price as
        may be necessary or appropriate to effectuate the intent of 1.10(g) or
        1.10(h) and to avoid unjust or inequitable results as determined in good
        faith by the Board of Directors.

        (i)     On conversion of a Senior Convertible Note, a Holder shall
receive no payment for that portion of accrued and unpaid interest on the
converted Senior Convertible Note attributable to the period from the most
recent Interest Payment Date (or, if no Interest Payment Date has occurred, from
the Original Issue Date) through the Conversion Date with respect to the
converted Senior Convertible Note.

                                       26

<PAGE>

        SECTION 1.11 Additional Events of Default; Withholding Notice;
Rescission. (a) In addition to those matters set forth in Section 501 of the
Original Indenture, an "Event of Default" with respect to the Senior Convertible
Notes shall also mean any of the following events:

                (i)     default in the payment of any interest upon the Senior
        Convertible Notes when it becomes due and payable, and continuance of
        such default for a period of 30 days; or

                (ii)    default in the Corporation's obligation to repurchase
        Senior Convertible Notes upon the Corporation's exercise of its
        repurchase option pursuant to Section 1.06, upon the occurrence of a
        Fundamental Change pursuant to Section 1.07 or upon the exercise by a
        holder of its option to require the Corporation to repurchase such
        holder's Senior Convertible Notes pursuant to Section 1.08; or

                (iii)   default in the Corporation's obligation to convert the
        Senior Convertible Notes upon exercise of a Holder's conversion right.

        (b)     The Trustee may withhold from the Holders notice of any
continuing default or Event of Default (except a default or Event of Default in
the payment of principal of, interest or liquidated damages, if any, on the
Senior Convertible Notes) if it determines in good faith that withholding notice
is in the Holders' interest.

        (c)     The Holders of a majority in aggregate principal amount of the
Senior Convertible Notes then outstanding by notice to the Trustee may rescind
any acceleration of the Senior Convertible Notes and its consequences if all
existing Events of Default (other than the nonpayment of principal of, interest
and liquidated damages, if any, on the Senior Convertible Notes that has become
due solely by virtue of such acceleration) have been cured or waived and if the
rescission would not conflict with any judgment or decree of any court of
competent jurisdiction. No such rescission will affect any subsequent default or
Event of Default or impair any right consequent thereto.

        SECTION 1.12 Amendment; Supplement; and Waiver. In addition to those
matters set forth in Section 902 of the Original Indenture, with respect to the
Senior Convertible Notes, no amendment or supplemental indenture shall without
the consent of the Holder of each Senior Convertible Note affected thereby:

        (a)     reduce the percentage of the principal amount of Senior
Convertible Notes whose holders must consent to an amendment, supplement or
waiver;

        (b)     reduce the principal of or change the fixed Maturity of any
Senior Convertible Note;

        (c)     reduce the rate of or change the time for payment of interest on
any Senior Convertible Notes;

        (d)     waive a default or event of default in the payment of principal
of or interest or liquidated damages, if any, on the Senior Convertible Notes
(except a rescission of acceleration of the Senior Convertible Notes by the
Holders of at least a majority in aggregate principal

                                       27

<PAGE>

amount of the Senior Convertible Notes and a waiver of the payment default that
resulted from such acceleration);

        (e)     make any note payable in money other than that stated in the
Indenture and the Senior Convertible Notes;

        (f)     make any change in the provisions of the Indenture relating to
waivers of past defaults or the rights of Holders of Senior Convertible Notes to
receive payments of principal of or interest or liquidated damages, if any, on
the Senior Convertible Notes;

        (g)     except as permitted by the Indenture, increase the conversion
price or modify the provisions of the Indenture relating to conversion of the
Senior Convertible Notes in a manner adverse to the Holders;

        (h)     make any change to the abilities of Holders of Senior
Convertible Notes to enforce their rights under the Indenture or the foregoing
provisions or this provision;

        (i)     reduce the redemption price, purchase price or Fundamental
Change Purchase Price of the Senior Convertible Notes; or

        (j)     make any change that adversely affects the right to convert the
Senior Convertible Notes.

        Notwithstanding the foregoing, without the consent of any Holder, the
Corporation and the Trustee may amend or supplement the Indenture or the Senior
Convertible Notes to:

        (a)     cure any ambiguity, defect or inconsistency or make any other
changes in the provisions of the Indenture which they may deem necessary or
desirable, provided such amendment does not materially and adversely affect the
Senior Convertible Notes;

        (b)     provide for uncertificated Senior Convertible Notes in addition
to or in place of certificated Senior Convertible Notes;

        (c)     provide for the assumption of the Corporation's obligations to
Holders of Senior Convertible Notes in the circumstances required under the
Indenture;

        (d)     provide for exchange rights of Holders of Senior Convertible
Notes in certain events;

        (e)     reduce the conversion price;

        (f)     evidence and provide for the acceptance of the appointment under
the Indenture of a successor Trustee;

        (g)     make any change that would provide any additional rights or
benefits to the Holders of Senior Convertible Notes or that does not adversely
affect the legal rights under the Indenture of any such Holder; or

                                       28

<PAGE>

        (h)     comply with requirements of the SEC in order to effect or
maintain the qualification of the Indenture under the Trust Indenture Act of
1939.

        In addition, with respect to the Senior Convertible Notes, to the
extent set forth in Section 513 of the Original Indenture, the Holders of at
least a majority in aggregate principal amount of the Outstanding Senior
Convertible Notes may waive an existing default other than: (a) any default by
the Corporation in any payment of the Redemption Price, Purchase Price or
Fundamental Change Purchase Price with respect to any Senior Convertible Notes,
or (b) any default which constitutes a failure to convert any Senior Convertible
Note in accordance with its terms and the Indenture.

        SECTION 1.13 Register of Securities; Paying Agent; Conversion Agent.
Initially, the Trustee shall act as Paying Agent, Conversion Agent and Security
Registrar with respect to the Senior Convertible Notes with the Place of Payment
for the Senior Convertible Notes initially being the Corporate Trust Office. The
Corporation may appoint and change any Paying Agent, Conversion Agent, Security
Registrar or co-registrar or approve a change in the office through which any
Paying Agent acts without notice, other than notice to the Trustee. The
Corporation or any of its Subsidiaries or any of their Affiliates may act as
Paying Agent, Conversion Agent, Security Registrar or co-registrar.

        SECTION 1.14 Calculations in Respect of the Senior Convertible Notes.
The Corporation will be responsible for making all calculations called for under
the Senior Convertible Notes. These calculations include, but are not limited
to, determination of the Trading Price, Current Market Price, Last Reported Sale
Price, Spin-off Market Price, accrued interest payable on the Senior Convertible
Notes and Conversion Rate of the Senior Convertible Notes. The Corporation will
make these calculations in good faith and, absent manifest error, these
calculations will be final and binding on the Holders. Promptly after the
calculation thereof, the Corporation will provide to each of the Trustee and the
Conversion Agent an Officers' Certificate setting forth a schedule of its
calculations and each of the Trustee and the Conversion Agent is entitled to
conclusively rely upon the accuracy of such calculations without independent
verification. The Trustee and the Conversion Agent may conclusively rely on such
Officers' Certificate. The Trustee and the Conversion Agent shall not be
responsible for making any calculation or determination referred to in this
Section 1.14. The Trustee will forward the Corporation's calculations to any
Holder upon the request of such Holder.

        SECTION 1.15 Tax Treatment. The Corporation, the Guarantor and the
Holders of the Senior Convertible Notes shall treat the Senior Convertibles
Notes as debt for Federal income tax purposes.

        SECTION 1.16 Transfer and Exchange.

        (a)     Transfer and Exchange of Definitive Securities. When definitive
Securities are presented to the Registrar with a request:

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

                (ii)    to exchange such definitive Securities for an equal
        principal amount of definitive Securities of other authorized
        denominations, the Registrar shall register the

                                       29

<PAGE>

        transfer or make the exchange as requested if its reasonable
        requirements for such transaction are met; provided, however, that the
        definitive Securities surrendered for transfer or exchange:

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

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

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

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

                        (C)     if such definitive Securities are being
                transferred pursuant to an exemption from registration in
                accordance with Rule 144 under the Securities Act or in reliance
                upon another exemption from the registration requirements of the
                Securities Act, (i) a certification to that effect (in the form
                set forth on the reverse side of the Transfer Restricted
                Security) and (ii) if the Company so requests, an opinion of
                counsel or other evidence reasonably satisfactory to it as to
                the compliance with the restrictions set forth in the legend set
                forth in Section 1.16(e)(i).

        In case of redemption, the Registrar will not be required to register
the transfer or exchange of any Senior Convertible Notes: (i) during a period of
15 days before any selection of Senior Convertible Notes for redemption; (ii) if
the Senior Convertible Notes have been called for redemption in whole or in
part, except the unredeemed portion of any Senior Convertible Notes being
redeemed in part; or (iii) in respect of which a Purchase Notice has been given
and not withdrawn, except the portion of the Senior Convertible Note not
purchased of any Senior Convertible Note being purchased in part.

        (b)     Restrictions on Transfer of a Definitive Security for a
Beneficial Interest in a Global Security. A definitive Security may not be
exchanged for a beneficial interest in a Global Security except upon
satisfaction of the requirements set forth below. Upon receipt by the Trustee of
a definitive Security, duly endorsed or accompanied by a written instrument of
transfer in form reasonably satisfactory to the Company and the Registrar,
together with:

                (i)     certification (in the form set forth on the reverse side
        of the Transfer Restricted Security) that such definitive Security is
        being transferred (A) to a QIB in accordance with Rule 144A or (B)
        outside the United States in an offshore transaction

                                       30

<PAGE>

        within the meaning of Regulation S and in compliance with Rule 904 under
        the Securities Act; and

                (ii)    written instructions directing the Trustee to make, or
        to direct the Securities Custodian to make, an adjustment on its books
        and records with respect to such Global Security to reflect an increase
        in the aggregate principal amount of the Securities represented by the
        Global Security, such instructions to contain information regarding the
        Depositary account to be credited with such increase, then the Trustee
        shall cancel such definitive Security and cause, or direct the
        Securities Custodian to cause, in accordance with the standing
        instructions and procedures existing between the Depositary and the
        Securities Custodian, the aggregate principal amount of Securities
        represented by the Global Security to be increased by the aggregate
        principal amount of the definitive Security to be exchanged and shall
        credit or cause to be credited to the account of the Person specified in
        such instructions a beneficial interest in the Global Security equal to
        the principal amount of the definitive Security so canceled. If no
        Global Securities are then outstanding and the Global Security has not
        been previously exchanged for certificated securities pursuant to
        Section 1.05(b), the Company shall issue and the Trustee shall
        authenticate, upon written order of the Company in the form of an
        Officers' Certificate, a new Global Security in the appropriate
        principal amount.

        (c)     Transfer and Exchange of Global Securities.

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

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

                                       31

<PAGE>

        records the date and a corresponding decrease in the principal amount of
        Global Security from which such interest is being transferred.

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

                (iv)    In the event that a Global Security is exchanged for
        definitive Securities pursuant to Section 1.05(b) prior to the
        effectiveness of a Shelf Registration Statement with respect to such
        Securities, such Securities may be exchanged only in accordance with
        such procedures as are substantially consistent with the provisions of
        this Section 1.16 (including the certification requirements set forth on
        the reverse of the Transfer Restricted Security intended to ensure that
        such transfers comply with Rule 144A, Regulation S or such other
        applicable exemption from registration under the Securities Act, as the
        case may be) and such other procedures as may from time to time be
        adopted by the Company.

        (d)     Restrictions on Transfer of Regulation S Global Security.

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

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

                                       32

<PAGE>

        (e)     Legends for Securities.

                (i)     Except as permitted by the following paragraphs (ii),
        (iii), or (iv), each Security certificate evidencing the Global
        Securities and the definitive Securities (and all Securities issued in
        exchange therefor or in substitution thereof) shall bear a legend in
        substantially the following form (each defined term in the legend being
        defined as such for purposes of the legend only):

                THIS SECURITY HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT
                OF 1933, AS AMENDED (THE "SECURITIES ACT"). THE HOLDER HEREOF,
                BY PURCHASING THIS SECURITY, AGREES FOR THE BENEFIT OF MASSEY
                ENERGY THAT THIS SECURITY MAY NOT BE RESOLD, PLEDGED OR
                OTHERWISE TRANSFERRED (X) PRIOR TO THE SECOND ANNIVERSARY OF THE
                ISSUANCE HEREOF (OR ANY APPLICABLE PREDECESSOR SECURITY HERETO)
                OR (Y) BY ANY HOLDER THAT WAS AN "AFFILIATE" (WITHIN THE MEANING
                OF RULE 144 UNDER THE SECURITIES ACT) OF MASSEY ENERGY AT ANY
                TIME DURING THE THREE MONTHS PRECEDING THE DATE OF SUCH
                TRANSFER, IN EITHER CASE OTHER THAN (1) TO MASSEY ENERGY, (2) SO
                LONG AS THIS SECURITY IS ELIGIBLE FOR RESALE PURSUANT TO RULE
                144A UNDER THE SECURITIES ACT ("RULE 144A") TO A PERSON WHOM THE
                SELLER REASONABLY BELIEVES IS A QUALIFIED INSTITUTIONAL BUYER
                WITHIN THE MEANING OF RULE 144A, PURCHASING FOR ITS OWN ACCOUNT
                OR FOR THE ACCOUNT OF A QUALIFIED INSTITUTIONAL BUYER TO WHOM
                NOTICE IS GIVEN THAT THE RESALE, PLEDGE OR OTHER TRANSFER IS
                BEING MADE IN RELIANCE ON RULE 144A, (3) IN AN OFFSHORE
                TRANSACTION (AS DEFINED IN REGULATION S UNDER THE SECURITIES
                ACT) IN ACCORDANCE WITH REGULATION S UNDER THE SECURITIES ACT,
                (4) PURSUANT TO AN EXEMPTION FROM REGISTRATION UNDER THE
                SECURITIES ACT PROVIDED BY RULE 144 (IF APPLICABLE) UNDER THE
                SECURITIES ACT OR (5) PURSUANT TO AN EFFECTIVE REGISTRATION
                STATEMENT UNDER THE SECURITIES ACT, IN EACH CASE IN ACCORDANCE
                WITH ANY APPLICABLE SECURITIES LAWS OF ANY STATE OF THE UNITED
                STATES. THE HOLDER HEREOF, BY PURCHASING THIS SECURITY,
                REPRESENTS AND AGREES FOR THE BENEFIT OF MASSEY ENERGY THAT IT
                IS (1) A QUALIFIED INSTITUTIONAL BUYER OR (2) NOT A U.S. PERSON
                AND IS OUTSIDE THE UNITED STATES WITHIN THE MEANING OF (OR AN
                ACCOUNT SATISFYING THE REQUIREMENTS OF PARAGRAPH (k)(2) OF RULE
                902 UNDER) REGULATION S UNDER THE SECURITIES ACT. IN ANY CASE
                THE HOLDER HEREOF WILL NOT, DIRECTLY OR INDIRECTLY, ENGAGE IN
                ANY HEDGING TRANSACTION WITH REGARD TO THIS SECURITY OR ANY
                COMMON STOCK ISSUABLE UPON EXCHANGE OF THIS SECURITY EXCEPT AS
                PERMITTED BY THE SECURITIES ACT.

                                       33

<PAGE>

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

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

        Each definitive Security shall bear the following additional legend:

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

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

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

                (iv)    Upon a sale or transfer after the expiration of the
        Restricted Period of any Transfer Restricted Security acquired pursuant
        to Regulation S, all requirements that such Transfer Restricted Security
        bear the Restricted Securities Legend shall cease to apply and the
        requirements requiring any such Transfer Restricted Security be issued
        in global form shall continue to apply.

        SECTION 1.17 Guarantee. The Company's obligations under the Senior
Convertible Notes shall be guaranteed by the Guarantor in accordance with
Article Fifteen of the Original Indenture.

                                    ARTICLE 2

                            MISCELLANEOUS PROVISIONS

        SECTION 2.01 Recitals by the Corporation. The recitals in this First
Supplemental Indenture are made by the Corporation only and not by the Trustee,
and all of the provisions contained in the Original Indenture in respect of the
rights, privileges, immunities, powers and

                                       34

<PAGE>

duties of the Trustee shall be applicable in respect of the Senior Convertible
Notes and of this First Supplemental Indenture as fully and with like effect as
if set forth herein in full.

        SECTION 2.02 Ratification and Incorporation of Original Indenture. As
supplemented hereby, the Original Indenture is in all respects ratified and
confirmed, and the Original Indenture and this First Supplemental Indenture
shall be read, taken and construed as one and the same instrument.

        SECTION 2.03 Executed in Counterparts. This First Supplemental Indenture
may be executed in several counterparts, each of which shall be deemed to be an
original, and such counterparts shall together constitute but one and the same
instrument.

                                       35

<PAGE>

        IN WITNESS WHEREOF, each party hereto has caused this instrument to be
signed in its name and behalf by its duly authorized officers, all as of the day
and year first above written.

                                        Massey Energy Company

                                        By:
                                           -----------------------------------
                                        Name:  Baxter F. Phillips, Jr.
                                        Title: Vice President and Treasurer

Attest:

--------------------------------
Name:
Title:  Assistant Secretary

                                        A.T. Massey Coal Company, Inc.

                                        By:
                                           -----------------------------------
                                        Name:  Baxter F. Phillips, Jr.
                                        Title: Vice President and Treasurer

Attest:

--------------------------------
Name:
Title:  Assistant Secretary

                                        Wilmington Trust Company,
                                        as Trustee

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

Attest:

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

                                       S-1

<PAGE>

                                    EXHIBIT A

                                     FORM OF
                     4.75% CONVERTIBLE SENIOR NOTE DUE 2023

        [If applicable, insert: THIS SENIOR NOTE 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 THEREOF. THIS SENIOR NOTE MAY NOT BE EXCHANGED IN
WHOLE OR IN PART FOR A SENIOR NOTE REGISTERED, AND NO TRANSFER OF THIS SENIOR
NOTE IN WHOLE OR IN PART MAY BE REGISTERED, IN THE NAME OF ANY PERSON OTHER THAN
SUCH DEPOSITARY OR A NOMINEE THEREOF, EXCEPT IN THE LIMITED CIRCUMSTANCES
DESCRIBED IN THE INDENTURE.

        UNLESS THIS SENIOR NOTE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF
THE DEPOSITORY TRUST COMPANY (55 WATER STREET, NEW YORK, NEW YORK) TO THE ISSUER
OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT AND ANY SENIOR
NOTE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR SUCH OTHER NAME AS
REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY AND
ANY PAYMENT HEREON IS MADE TO CEDE & CO., ANY TRANSFER, PLEDGE OR OTHER USE
HEREOF FOR VALUE OR OTHERWISE BY A PERSON IS WRONGFUL SINCE THE REGISTERED OWNER
HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.]

                   [Definitive Security Legend, if applicable]

                              [Restrictive Legend]

                        [Rule 144A Legend, if applicable]

No.                                                            CUSIP No.________

                              MASSEY ENERGY COMPANY
                     4.75% CONVERTIBLE SENIOR NOTE DUE 2023

Principal Amount:               $____________

Regular Record Date:            Close of business on the 15th calendar day prior
                                to the relevant Interest Payment Date (whether
                                or not a Business Day)

Original Issue Date:            May 29, 2003

Stated Maturity:                May 15, 2023

Interest Payment Dates:         Semi-annually on May 15 and November 15 of each
                                year, commencing November 15, 2003

                                       A-1

<PAGE>

Interest Rate:                  4.75% per annum

Authorized Denomination:        $1,000 and any integral multiples thereof

                                       A-2

<PAGE>

        Massey Energy Company, a Delaware corporation (the "Corporation," which
term includes any successor corporation under the Indenture referred to on the
reverse hereof), for value received, hereby promises to pay to _____________, or
registered assigns, the principal sum of ______________ DOLLARS ($__________) on
the Stated Maturity shown above and to pay interest thereon from the Original
Issue Date shown above, or from the most recent Interest Payment Date to which
interest has been paid or duly provided for, semi-annually in arrears on each
Interest Payment Date as specified above, commencing on November 15, 2003 and on
the Stated Maturity at the rate per annum shown above (the "Interest Rate")
until the principal hereof is paid or made available for payment and on any
overdue principal and on any overdue installment of interest. 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
4.75% Convertible Senior Note due 2023 (this "Security") is registered on the
Regular Record Date as specified above next preceding such Interest Payment
Date. Except as otherwise provided in the Indenture, any such interest not so
punctually paid or duly provided for will forthwith cease to be payable to the
Holder on such Regular Record Date and may either be paid to the Person in whose
name this Security is registered at the close of business on a Special Record
Date for the payment of such Defaulted Interest to be fixed by the Trustee,
notice whereof shall be given to Holders of Securities of this series not less
than 10 days prior to such Special Record Date, or be paid at any time in any
other lawful manner not inconsistent with the requirements of any securities
exchange, if any, on which the Securities shall be listed, and upon such notice
as may be required by any such exchange, all as more fully provided in the
Indenture.

        Payments of interest on this Security will include interest accrued to
but excluding the respective Interest Payment Dates. Payments of interest for
this Security shall be computed and paid on the basis of a 360-day year
consisting of twelve 30-day months and will accrue from May 29, 2003 or from the
most recent Interest Payment Date to which interest has been paid or duly
provided for. In the event that any date on which interest is payable on this
Security is not a Business Day, then payment of the interest payable on such
date will be made on the next succeeding day that is a Business Day (and without
any interest or payment in respect of any such delay) with the same force and
effect as if made on the date the payment was originally payable, and no
additional interest will accrue on that payment from and after the date on which
the interest is payable to the date of that payment on the next succeeding
Business Day. "Business Day" means 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.

        Payment of principal of and interest on the Securities shall be made in
such coin or currency of the United States of America as at the time of payment
is legal tender for payment of public and private debts or such other form of
consideration as set forth in the Indenture. Payments of principal of and
interest on the Securities of this series represented by a Global Security shall
be made by wire transfer of immediately available funds to the Holder of such
Global Security, provided that, in the case of payments of principal such Global
Security is first surrendered to the Paying Agent. If any of the Securities of
this series are no longer represented by a Global Security, (i) payments of
principal and interest due at the Stated Maturity or earlier redemption or
purchase of such Securities shall be made at the office of the Paying Agent upon
surrender of such Securities to the Paying Agent, and (ii) payments of interest
shall be made, at

                                       A-3

<PAGE>

the option of the Corporation, subject to such surrender where applicable, (A)
by check mailed to the address of the Person entitled thereto as such address
shall appear in the Security Register or (B) by wire transfer at such place and
to such account at a banking institution in the United States as may be
designated in writing to the Trustee at least sixteen (16) days prior to the
date for payment by the Person entitled thereto.

        The Securities of this series shall be redeemable, subject to the terms
of the Indenture, in whole or from time to time in part, at the option of the
Corporation on any date on or after May 20, 2009 (a "Redemption Date"), at a
Redemption Price equal to 100% of the principal amount of the Securities of this
series to be redeemed plus any accrued and unpaid interest on the principal
amount to be redeemed to but excluding the Redemption Date.

        Notice of any redemption by the Corporation will be mailed at least 30
days but not more than 60 days before any Redemption Date to each Holder of
Securities of this series to be redeemed. If Notice of a redemption is provided
and funds are deposited as required, interest will cease to accrue on and after
the Redemption Date on the Securities of this series or portions of Securities
of this series called for redemption. In the event that any Redemption Date is
not a Business Day, the Corporation will pay the Redemption Price on the next
Business Day without any additional interest or other payment due. If less than
all the Securities of this series are to be redeemed at the option of the
Corporation, the Trustee shall select the Securities to be redeemed by lot, or
on a pro rata basis or by another method the Trustee considers fair and
appropriate. The Trustee shall select for redemption Securities of this series
and portions of the Securities of this series in amounts of whole multiples of
$1,000.

        A Holder shall have the option to require the Corporation to purchase,
for such type of consideration as set forth in the Indenture, any or all of the
Securities of this series held by such Holder on May 15, 2009, May 15, 2013 and
May 15, 2018 (each, a "Put Date") at a purchase price (the "Purchase Price")
equal to the principal amount of the Securities of this series to be purchased
plus any accrued and unpaid interest to but excluding the Put Date, upon
delivery of a Put Notice containing the information set forth in the Indenture,
from the opening of business on the date that is 20 Business Days prior to such
Put Date until the close of business on the fifth Business Day prior to such Put
Date and upon delivery of the Securities of this series to the Paying Agent by
the Holder as set forth in the Indenture.

        If a Fundamental Change shall occur at any time prior to May 15, 2009,
each Holder shall have the right, at such Holder's option and subject to the
terms and conditions of the Indenture, to require the Corporation to purchase
any or all of such Holder's Securities of this series or any portion of the
principal amount thereof that is equal to $1,000 or an integral multiple of
$1,000 on the day that is 35 days after the date of the Corporation Purchase
Notice of the occurrence of the Fundamental Change (subject to extension to
comply with applicable law) for a Fundamental Change Purchase Price equal to the
principal amount of Securities of this series purchased plus accrued and unpaid
interest to the Fundamental Change Purchase Date upon delivery of a Fundamental
Change Purchase Notice containing the information set forth in the Indenture.

        Holders have the right to withdraw any Put Notice or Fundamental Change
Purchase Notice, as the case may be, by delivery to the Paying Agent of a
written notice of withdrawal in accordance with the provisions of the Indenture.

                                       A-4

<PAGE>

        If consideration sufficient to pay a Fundamental Change Purchase Price
or Purchase Price, as the case may be, of all Securities of this series or
portions thereof to be purchased as of the Fundamental Change Purchase Date or
the Put Date, as the case may be, is deposited with the Paying Agent on the
Business Day following the Fundamental Change Purchase Date or the Put Date, as
the case may be, interest shall cease to accrue on such Securities of this
series (or portions thereof) on and after such date, and the Holder thereof
shall have no other rights as such (other than the right to receive the
Fundamental Change Purchase Price or Purchase Price, as the case may be, upon
surrender of such Note). The term "consideration" as used within this paragraph
shall mean cash when used with respect to the Fundamental Change Purchase Price
and cash, Common Stock or a combination of both when used with respect to the
Purchase Price.

        In the event of redemption or purchase of this Security in part only, a
new Security or Securities of this series and of like tenor for the unredeemed
or unpurchased portion hereof will be issued in the name of the Holder hereof
upon the surrender hereof.

        The Securities of this series shall not have a sinking fund.

        The Securities of this series shall constitute the direct, unsecured
and unsubordinated debt obligations of the Corporation and shall rank equally in
priority with the Corporation's existing and future unsecured and unsubordinated
indebtedness.

        REFERENCE IS HEREBY MADE TO THE FURTHER PROVISIONS OF THIS SECURITY SET
FORTH ON THE REVERSE HEREOF, WHICH FURTHER PROVISIONS SHALL FOR ALL PURPOSES
HAVE THE SAME EFFECT AS IF SET FORTH AT THIS PLACE.

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

                                       A-5

<PAGE>

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

Dated:

                                        Massey Energy Company

                                        By:
                                           -----------------------------------
                                        Name:
                                        Title:[Chairman of the Board][President]
                                        [Vice President]
Attest:

--------------------------------
Name:
Title:  [Secretary][Assistant Secretary]

                          CERTIFICATE OF AUTHENTICATION

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

                                        Wilmington Trust Company,
                                        as Trustee

                                        By:
                                           -----------------------------------
                                                 Authorized Officer

                                       A-6

<PAGE>

                           (Reverse Side of Security)

        This 4.75% Convertible Senior Note due 2023 is one of a duly authorized
issue of Securities of the Corporation (the "Securities"), issued and issuable
in one or more series under a Senior Indenture, dated as of May 29, 2003, as
supplemented (the "Indenture"), between the Corporation, the Guarantor and
Wilmington Trust Company, a Delaware banking corporation, 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, limitation of rights, duties and
immunities thereunder of the Corporation, the Trustee and the Holders of the
Securities issued thereunder and of the terms upon which said Securities are,
and are to be, authenticated and delivered. This Security is one of the series
designated on the face hereof as 4.75% Convertible Senior Note due 2023
initially in the aggregate principal amount of $____________ (plus up to an
additional $____________ principal amount upon exercise by the Initial
Purchasers of their over-allotment option pursuant to the Purchase Agreement).
Capitalized terms used herein for which no definition is provided herein shall
have the meanings set forth in the Indenture.

        Subject to the procedures set forth in the Indenture, a Holder may
convert Securities of this series into Common Stock of the Corporation on or
before the close of business on May 14, 2023 during the periods and upon
satisfaction of at least one of the conditions set forth below:

                (a)     in any calendar quarter after the quarter ended June 30,
        2003 (and only during such calendar quarter) if the Last Reported Sale
        Price for the Common Stock for at least 20 Trading Days during the
        period of 30 consecutive Trading Days ending on the last Trading Day of
        the previous calendar quarter equals or exceeds 120% of the Conversion
        Price on such last Trading Day;

                (b)     in the event that the Corporation calls any Securities
        of this series for redemption, at any time prior to the close of
        business on the second Business Day immediately preceding the Redemption
        Date, even if the Securities are not otherwise convertible at such time;
        provided, however, that if a Holder has already delivered a Put Notice
        or Fundamental Change Purchase Notice, as applicable, with respect to a
        Security, the Holder may not surrender such Security for conversion
        until the Holder has withdrawn the Put Notice or Fundamental Change
        Purchase Notice, as applicable, in accordance with the Indenture;

                (c)     if the Corporation (1) elects to (A) distribute to all
        holders of Common Stock rights entitling them to purchase, for a period
        expiring within 45 days after the date of such distribution, shares of
        Common Stock at less than the Last Reported Sale Price on the Trading
        Day immediately preceding the declaration date of such distribution or
        (B) distribute to all holders of Common Stock assets, debt securities or
        rights to purchase securities of the Corporation, which distribution has
        a per share value as determined by the Corporation's Board of Directors
        and set forth in a Board Resolution exceeding 15% of the Last Reported
        Sale Price of a share of the Common Stock on the Trading Day immediately
        preceding the declaration date for such distribution. In the case of the
        foregoing clauses (A) and (B), the Corporation must notify the Holders
        of the Securities of this series at least 20 Business Days prior to the
        ex-

                                       A-7

<PAGE>

        dividend date for such distribution. Once the Corporation has given such
        notice, Holders of the Securities of this series may surrender such
        Securities for conversion at any time thereafter until the earlier of
        the close of business on the Business Day prior to the ex-dividend date
        or the Corporation's announcement that such distribution will not take
        place, even if the Securities are not otherwise convertible at such
        time. Notwithstanding the foregoing, a Holder of the Securities of this
        series may not exercise the foregoing right to convert if the Holder may
        participate in the distribution without converting its Securities. As
        used herein, the term "ex-dividend date" shall mean the first date upon
        which a sale of the Common Stock does not automatically transfer the
        right to receive the relevant distribution from the seller of the Common
        Stock to its buyer; or (2) in the event that the Corporation becomes a
        party to a consolidation, merger or binding share exchange pursuant to
        which the Common Stock would be converted into cash or property (other
        than securities), at any time from and after the date which is 15 days
        prior to the anticipated effective date of the transaction until 15 days
        after the actual effective date of such transaction; or

                (d)     after the earlier of (1) the date the Senior Convertible
        Notes are rated by Moody's Investor Services, Inc. and Standard & Poor's
        Rating Services and (2) June 30, 2003, the Senior Convertible Notes may
        be surrendered for conversion into Common Stock prior to Maturity during
        any period that (1) the long-term credit rating assigned to the
        Securities of this series by both Moody's Investors Service, Inc. and
        Standard & Poor's Ratings Services is lower than B3 and B-,
        respectively; (2) both Moody's Investors Service, Inc. and Standard &
        Poor's Ratings Services no longer rate the Securities of this series or
        have withdrawn their ratings with respect to the Securities of this
        series; or (3) either Moody's Investors Service, Inc. or Standard &
        Poor's Ratings Services no longer rates the Securities of this series or
        has withdrawn or suspended such rating and the remaining rating is lower
        than B3 or B-, as applicable (references to Moody's Investors Service,
        Inc. and Standard & Poor's Ratings Services include any successors to
        those entities).

        Securities of this series in respect of which a Holder has delivered a
notice of exercise of the option to require the Corporation to purchase such
Securities of this series may be converted only if the notice of exercise is
withdrawn in accordance with the terms of the Indenture.

        The initial Conversion Rate is 51.573 shares of Common Stock per $1,000
principal amount, subject to adjustment in certain events described in the
Indenture. The Corporation shall deliver cash or a check in lieu of any
fractional share of Common Stock.

        Holders of Securities of this series at the close of business on a
Regular Record Date will receive payment of interest payable on the
corresponding Interest Payment Date notwithstanding the conversion of such
Securities of this series at any time after the close of business on such
Regular Record Date. Securities of this series surrendered for conversion by a
Holder during the period from the close of business on any Regular Record Date
to the opening of business on the corresponding Interest Payment Date must be
accompanied by payment of an amount equal to the interest that the Holder is to
receive on the Securities of this series (except with respect to Securities of
this series in respect of which a Redemption Date or Fundamental Change Purchase
Date has been set that falls within this period or on such Interest Payment Date
or to the extent

                                       A-8

<PAGE>

any overdue interest exists at the time of such conversion). Except as described
above, no payment or adjustment will be made for accrued interest on converted
Securities of this series. Upon conversion of Senior Convertible Notes, a Holder
will not receive any cash payment of interest (unless such conversion occurs
between a Regular Record Date and the Interest Payment Date to which it relates)
and the Corporation will not adjust the Conversion Rate to account for accrued
and unpaid interest.

        To convert the Securities of this series a Holder must (1) complete and
manually sign the irrevocable conversion notice on the back of the Securities of
this series (or complete and manually sign a facsimile of such notice) and
deliver such notice to the Conversion Agent at the office maintained by the
Conversion Agent for such purpose, (2) surrender the Securities of this series
to the Conversion Agent, (3) furnish appropriate endorsements and transfer
documents if required by the Conversion Agent, the Corporation or the Trustee
and (4) pay any transfer or similar tax, if required.

        A Holder may convert a portion of the Securities of this series only if
the principal amount of such portion is $1,000 or an integral multiple of
$1,000. No payment or adjustment shall be made for dividends on the Common Stock
except as provided in the Indenture. On conversion of Securities of this series,
that portion of accrued and unpaid interest if any, on such Securities
attributable to the period from the most recent Interest Payment Date (or, if no
Interest Payment Date has occurred, from the Original Issue Date) through the
Conversion Date with respect to such converted Securities shall not be
cancelled, extinguished or forfeited, but rather shall be deemed to be paid in
full to the Holder thereof through delivery of the Common Stock (together with
any cash payment in lieu of fractional shares) in exchange for such Securities
being converted pursuant to the provisions hereof, and the fair market value of
such shares of Common Stock (together with any such cash payment in lieu of
fractional shares) shall be treated as issued, to the extent thereof, first in
exchange for accrued and unpaid interest and the balance, if any, of such fair
market value of such Common Stock (and any such cash payment), shall be treated
as issued in exchange for the principal amount of such Securities being
converted pursuant to the provisions hereof.

        If an Event of Default (other than an Event of Default resulting from
certain events of bankruptcy, insolvency and reorganization) with respect to the
Securities of this series shall occur and be continuing, the principal of the
Securities of this series may be declared due and payable in the manner, with
the effect and subject to the conditions provided in the Indenture; provided,
however, that if an Event of Default, resulting from certain events of
bankruptcy, insolvency and reorganization, shall occur and be continuing, such
principal amount shall become due and payable without any declaration or other
act on the part of the Trustee or any Holder.

        The Indenture permits, with certain exceptions as therein provided, the
amendment thereof and the modification of the rights and obligations of the
Corporation and the rights of the Holders of the Securities of all series
affected under the Indenture at any time by the Corporation and the Trustee with
the consent of the Holders of not less than a majority in principal amount of
the Outstanding Securities of all series affected thereby (voting as one class).
The Indenture contains provisions permitting the Holders of not less than a
majority in principal amount of the Outstanding Securities of all series with
respect to which a default under the Indenture shall have

                                       A-9

<PAGE>

occurred and be continuing (voting as one class), on behalf of the Holders of
the Securities of all such series, to waive, with certain exceptions, such
default under the Indenture and its consequences. The Indenture also permits the
Holders of not less than a majority in principal amount of the Securities of
each series at the time Outstanding, on behalf of the Holders of all Securities
of such series, to waive compliance by the Corporation with certain provisions
of the Indenture affecting such series. Any such consent or waiver by the Holder
of this Security shall be conclusive and binding upon such Holder and upon all
future Holders of this Security and of any Security issued upon the registration
of transfer hereof or in exchange hereof or in lieu hereof, whether or not
notation of such consent or waiver is made upon this Security.

        No reference herein to the Indenture and no provision of this Security
or of the Indenture shall alter or impair the obligation of the Corporation,
which is absolute and unconditional, to pay the principal of and interest on
this Security at the times, place and rate, and in the coin, currency or other
form of consideration, herein prescribed.

        As provided in the Indenture and subject to certain limitations therein
set forth, the transfer of this Security is registrable in the Security
Register, upon surrender of this Security for registration of transfer at the
office or agency of the Corporation for such purpose, duly endorsed by, or
accompanied by a written instrument of transfer in form satisfactory to the
Corporation and the Security Registrar and duly executed by, the Holder hereof
or his attorney duly authorized in writing, and thereupon one or more new
Securities of this series, of authorized denominations and of like tenor and for
the same aggregate principal amount, will be issued to the designated transferee
or transferees. No service charge shall be made for any such registration of
transfer or exchange, but the Corporation may require payment of a sum
sufficient to cover any tax or other governmental charge payable in connection
therewith.

        The Trustee, Paying Agent, Conversion Agent and Security Registrar under
the Indenture, each in its individual or any other capacity, may become the
owner or pledgee of Securities and may otherwise deal with and collect
obligations owed to it by the Corporation or its Affiliates and may otherwise
deal with the Corporation or its Affiliates with the same rights it would have
if it were not Trustee, Paying Agent, Conversion Agent or Security Registrar.

        The Corporation will be responsible for making all calculations called
for under the Securities of this series. These calculations include, but are not
limited to, determination of the Trading Price, Current Market Price, Last
Reported Sale Price, Spin-off Market Price, accrued interest payable on the
Securities of this series and Conversion Rate of the Securities of this series.
The Corporation will make these calculations in good faith and, absent manifest
error, these calculations will be final and binding on the Holders of the
Securities of this series. Promptly after the calculation thereby, the
Corporation will provide to each of the Trustee and the Conversion Agent an
Officers' Certificate setting forth a schedule of its calculations and each of
the Trustee and the Conversion Agent is entitled to rely upon the accuracy of
such calculations without independent verification. The Trustee will forward the
Corporation's calculations to any Holder upon the request of such Holder.

        Prior to due presentment of this Security for registration of transfer,
the Corporation, the Trustee and any agent of the Corporation or the Trustee may
treat the Person in whose name this Security is registered as the owner hereof
for all purposes, whether or not this Security be

                                      A-10

<PAGE>

overdue, and neither the Corporation, the Trustee nor any such agent shall be
affected by notice to the contrary.

        The Securities of this series are issuable only in registered form
without coupons in denominations of $1,000 and any integral multiple thereof. As
provided in the Indenture and subject to the limitations therein set forth,
Securities of this series are exchangeable for a like aggregate principal amount
of Securities of this series of a different authorized denomination, as
requested by the Holder surrendering the same upon surrender of the Security or
Securities to be exchanged at the office or agency of the Corporation.

        THIS SECURITY SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH,
THE LAWS OF THE STATE OF NEW YORK, WITHOUT GIVING EFFECT TO APPLICABLE
PRINCIPLES OF CONFLICTS OF LAW.

                                      A-11

<PAGE>

                                  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

UNIF GIFT MIN ACT-                          ______ Custodian ______
                                            (Cust)                (Minor)

                                            under Uniform Gifts to Minors Act

TEN ENT--                                   as tenants by the entireties

JT TEN--                                    as joint tenants with rights of
                                            survivorship and not as tenants in
                                            common ________________  (State)

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

                                      A-12

<PAGE>

                    CERTIFICATE TO BE DELIVERED UPON EXCHANGE
                    OR REGISTRATION OF TRANSFER OF SECURITIES

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

The Transferor (check one box below):

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

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

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

CHECK ONE BOX BELOW

        (1)     [_]     to the Company; or

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

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

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

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

        Prior to the expiration of the period referred to in Rule 144(k), unless
one of the boxes is checked, the Trustee will refuse to register any of the
Securities evidenced by this certificate in the name of any Person other than
the registered holder thereof; provided, however, that if box (4) or (5) is
checked, the Trustee may require, prior to registering any such transfer of the

                                      A-13

<PAGE>

Securities, such legal opinions, certifications and other information
satisfactory to the Company and the Trustee to confirm that such transfer is
being made pursuant to an exemption from, or in a transaction not subject to,
the registration requirements of the Securities Act of 1933.

                                                 _______________________________
                                                 [INSERT NAME OF TRANSFEROR]

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

                                      A-14

<PAGE>

                               SIGNATURE GUARANTEE

        Signatures must be guaranteed by an "eligible guarantor institution"
meeting the requirements of the Security Registrar, which requirements include
membership or participation in the Security Transfer Agent Medallion Program
("STAMP") or such other "signature guarantee program" as may be determined by
the Security Registrar in addition to, or in substitution for, STAMP, all in
accordance with the Securities Exchange Act of 1934, as amended.

                                      A-15

<PAGE>

                      [TO BE ATTACHED TO GLOBAL SECURITIES]

              SCHEDULE OF INCREASES OR DECREASES IN GLOBAL SECURITY

The following increases or decreases in this Global Security have been made:

<TABLE>
<CAPTION>
                                                               Principal Amount of          Signature of
             Amount of decrease in   Amount of increase in     this Global Security     authorized signatory
              Principal Amount of     Principal Amount of    following such decrease       of Trustee or
   Date      this Global Security    this Global Security          or increase         Securities Custodian
----------   ---------------------   ---------------------   -----------------------   ---------------------
  <S>               <C>                     <C>                      <C>                      <C>
  -------           -------                 -------                  -------                  -------
</TABLE>

                                      A-16

<PAGE>

                                 ASSIGNMENT FORM

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

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

________________________________________________________________________________
                (Insert assignee's soc. sec. or tax I.D. No.)and irrevocably
appoint _____________________________________agent to transfer this Security on
the books of the Company. The agent may substitute another to act for him.

Date: ______________________ Your Signature:
                                             ----------------------------------

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

                                      A-17

<PAGE>

                            FORM OF CONVERSION NOTICE

To:  Massey Energy Company

        The undersigned registered holder of this Security hereby exercises the
option to convert this Security, or portion hereof (which is $1,000 principal
amount or an integral multiple thereof) designated below, for shares of Common
Stock of Massey Energy Company in accordance with the terms of the Indenture
referred to in this Security, and directs that the shares, if any, issuable and
deliverable upon such conversion, together with any check for cash deliverable
upon such conversion, and any Securities representing any unconverted principal
amount hereof, be issued and delivered to the registered holder hereof unless a
different name has been indicated below. If shares or any portion of this
Security not converted are to be issued in the name of a Person other than the
undersigned, the undersigned shall pay all transfer taxes payable with respect
thereto.

        This notice shall be deemed to be an irrevocable exercise of the option
to convert this Security.

Dated:

                                        ----------------------------------------

                                        ----------------------------------------
                                                      Signature(s)
                                        Signature(s) must be guaranteed by a
                                        commercial bank or trust company or a
                                        member firm of a major stock exchange if
                                        shares of Common Stock are to be issued,
                                        or Securities to be delivered, other
                                        than to or in the name of the registered
                                        holder.

                                        ----------------------------------------
                                                  Signature Guarantee

Fill in for registration of shares if to
be delivered, and Securities if to be
issued other than to and in the name of
registered holder:

________________________________________    Certificate No(s) of Securities
(Name)                                      (not required for Global Securities)
                                            ____________________

_______________________________________      Principal amount to be converted
(Street Address)                            (if less than all):  $______,000

________________________________________    ____________________________________
(City state and zip code)                    Social Security or Other Taxpayer
Please print name and address                Number

                                      A-18

<PAGE>

                   FORM OF FUNDAMENTAL CHANGE PURCHASE NOTICE

To:  Massey Energy Company

        The undersigned registered holder of this Security hereby acknowledges
receipt of a notice from Massey Energy Company (the "Corporation") as to the
occurrence of a Fundamental Change with respect to the Corporation and requests
and instructs the Corporation to repurchase this Security, or the portion hereof
(which is $1,000 principal amount or a integral multiple thereof) designated
below, in accordance with the terms and conditions specified in this Security
and the Indenture referred to in this Security and directs that the check in
payment for this Security or the portion thereof and any Securities representing
any unrepurchased principal amount hereof, be issued and delivered to the
registered holder hereof unless a different name has been indicated below. If
any portion of this Security not repurchased is to be issued in the name of a
Person other than the undersigned, the undersigned shall pay all transfer taxes
payable with respect thereto.

Dated:

                                        ----------------------------------------

                                        ----------------------------------------

                                                      Signature(s)
                                        Signature(s) must be guaranteed by a
                                        commercial bank or trust company or a
                                        member firm of a major stock exchange
                                        if Securities are to be delivered,
                                        other than to or in the name of the
                                        registered holder.

                                        ----------------------------------------
                                                  Signature Guarantee

Fill in for registration of shares if to be delivered, and Securities if to be
issued other than to and in the name of registered holder:

________________________________________    Certificate No(s) of Securities
(Name)                                      (not required for Global Securities)
                                            ____________________

_______________________________________     Principal amount to be purchased
(Street Address)                            (if less than all):  $______,000

________________________________________    ____________________________________
(City state and zip code)                   Social Security or Other Taxpayer
Please print name and address               Number

                                      A-19

<PAGE>

                               FORM OF PUT NOTICE

To:  Massey Energy Company

        The undersigned registered holder of this Security hereby acknowledges
receipt of a notice from Massey Energy Company (the "Corporation") as to the
holder's option to require the Corporation to repurchase this Security and
requests and instructs the Corporation to repurchase this Security, or the
portion hereof (which is $1,000 principal amount or a integral multiple thereof)
designated below, in accordance with the terms and conditions specified in this
Security and the Indenture referred to in this Security and directs that the
consideration in payment for this Security or the portion thereof and any
Securities representing any unrepurchased principal amount hereof, be issued and
delivered to the registered holder hereof unless a different name has been
indicated below. The Senior Convertible Notes shall be purchased as of the Put
Date pursuant to the terms and conditions specified in the Senior Convertible
Notes and in the Indenture. In the event the Corporation elected, pursuant to
the notice that it is required to give, to pay the Purchase Price in shares of
Common Stock, in whole or in part, but the Purchase Price is ultimately paid to
the Holder entirely in cash because any of the conditions to payment of the
Purchase Price, or any portion of the Purchase Price, in shares of Common Stock
is not satisfied prior to the close of business on the last Business Day prior
to the Put Date, the undersigned elects/1/ [strike out the inapplicable
election]: (A) to withdraw the purchase notice as to $_________ in aggregate
principal amount of the Senior Convertible Notes to which it relates; or (B) to
receive cash in respect of the entire Purchase Price for all Senior Convertible
Notes subject to the purchase notice. If any portion of this Security not
repurchased is to be issued in the name of a Person other than the undersigned,
the undersigned shall pay all transfer taxes payable with respect thereto. The
term "consideration" as used within this paragraph shall mean cash, Common Stock
or a combination of both.

Dated:

                                        ----------------------------------------

                                        ----------------------------------------
                                                      Signature(s)
                                        Signature(s) must be guaranteed by a
                                        commercial bank or trust company or a
                                        member firm of a major stock exchange if
                                        Securities are to be delivered, other
                                        than to or in the name of the registered
                                        holder.

                                        ----------------------------------------
                                                  Signature Guarantee

Fill in for registration of Securities if to be issued other than to and in the
name of registered holder:

________________________________________    Certificate No(s) of Securities
(Name)                                      (not required for Global Securities)
                                             ____________________

________________________________________    Principal amount to be purchased
(Street Address)                            (if less than all):  $______,000

________________________________________    ____________________________________
(City state and zip code)                   Social Security or Other Taxpayer
Please print name and address               Number

----------
/1/ If a Holder fails to indicate its choice with respect to this election, such
Holder will be deemed to have elected to receive cash in respect of the entire
Purchase Price for all Senior Convertible Notes subject to the Corporation
Purchase Notice in these circumstances.

                                      A-20

<PAGE>

                                    EXHIBIT B

                          CERTIFICATE OF AUTHENTICATION

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

                                        Wilmington Trust Company,
                                        as Trustee

                                        By:
                                           ------------------------------------
                                            Authorized Officer

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