Document:

<PAGE>   1
                                                                    Exhibit 10.1

         CERTIFICATE OF AMENDMENT TO ALLEN TELECOM INC. 1992 STOCK PLAN

         At a meeting held on July 11, 2001, the Board of Directors of Allen
Telecom Inc. duly adopted a resolution amending, effective as of July 11, 2001,
Section 12 of the Allen Telecom Inc. 1992 Stock Plan, as amended (the "Plan"),
by deleting the second sentence of Section 12 in its entirety and inserting in
place thereof the following sentence:

                  "The Plan shall terminate (i) on February 27, 2004, or (ii) on
         such other date (which may be earlier or later than February 27, 2004)
         as may be determined by the Board of Directors."

Executed this 11th day of July, 2001.

/s/  Laura C. Meagher
---------------------
Laura C. Meagher
Secretary<PAGE>   1

                                                                  Exhibit 10.04a

                                AMENDMENT TO THE
                            MONRO MUFFLER BRAKE, INC.
                                 RETIREMENT PLAN

         WHEREAS, Monro Muffler Brake, Inc., a corporation organized under the
laws of the State of New York (the "Employer"), established the Monro Muffler
Brake, Inc. Retirement Plan (the "Plan") for the benefit of its eligible
employees; and

         WHEREAS, the Employer now wishes to amend the Plan.

         NOW THEREFORE, the Plan is amended as follows:

         1.       A new Section 3.6 is added to the end of Section 3, effective
                  September 30, 1999, to read in its entirety as follows:

         3.6      Cessation of Benefit Accruals
                  -----------------------------
                  Notwithstanding any other provision in the Plan, no
                  Participant shall accrue any additional benefit under the Plan
                  for services rendered or compensation earned on or after
                  September 30, 1999 and no Employee shall become a Participant
                  in the Plan on or after such date.

         IN WITNESS WHEREOF, the Employer has caused this Amendment to be
         executed this 2nd day of August, 1999.

                                     MONRO MUFFLER BRAKE, INC.

                                     By:
                                              ----------------------------------

                                     Title:
                                              ----------------------------------

                                      -15-EX-4.1 Indenture

EXHIBIT 4.1

DANA CORPORATION,

as Issuer,

CITIBANK, N.A.,

as Trustee and as Registrar and a Paying Agent

for the Dollar Securities

AND

CITIBANK, N.A., LONDON BRANCH,

as Registrar and a Paying Agent

for Euro Securities

INDENTURE

Dated as of August 8, 2001

9% Notes due 2011

9% Notes due 2011

E-1

Table of Contents

	 	 	 	 	 	 
	 	 	 	Page
	 	 	 	

	ARTICLE I DEFINITIONS AND INCORPORATION BY REFERENCE
	 	 	1	 
	
	
	
	

	 	SECTION 1.1. Definitions
	 	 	1	 
	
	
	
	

	 	SECTION 1.2. Other Definitions
	 	 	34	 
	
	
	
	

	 	SECTION 1.3. Incorporation by Reference of Trust Indenture Act
	 	 	35	 
	
	
	
	

	 	SECTION 1.4. Rules of Construction
	 	 	36	 
	
	
	
	

	
	
	
	

	
	
	
	

	
	
	
	

	ARTICLE II THE SECURITIES
	 	 	36	 
	
	
	
	

	 	SECTION 2.1. Form, Dating and Terms
	 	 	36	 
	
	
	
	

	 	SECTION 2.2. Execution and Authentication
	 	 	43	 
	
	
	
	

	 	SECTION 2.3. Registrar and Paying Agent
	 	 	44	 
	
	
	
	

	 	SECTION 2.4. Paying Agent To Hold Money in Trust
	 	 	45	 
	
	
	
	

	 	SECTION 2.5. Securityholder Lists
	 	 	45	 
	
	
	
	

	 	SECTION 2.6. Transfer and Exchange
	 	 	45	 
	
	
	
	

	 	SECTION 2.7. Form of Certificate to be Delivered in Connection with
Transfers to Institutional Accredited Investors
	 	 	48	 
	
	
	
	

	 	SECTION 2.8. Form of Certificate to be Delivered in Connection with
Transfers Pursuant to Regulation S
	 	 	50	 
	
	
	
	

	 	SECTION 2.9. Mutilated, Destroyed, Lost or Stolen Securities
	 	 	51	 
	
	
	
	

	 	SECTION 2.10. Temporary Securities
	 	 	52	 
	
	
	
	

	 	SECTION 2.11. Cancellation
	 	 	52	 
	
	
	
	

	 	SECTION 2.12. Payment of Interest; Defaulted Interest
	 	 	52	 
	
	
	
	

	 	SECTION 2.13. Computation of Interest
	 	 	54	 
	
	
	
	

	 	SECTION 2.14. CUSIP, ISIN and Common Code Numbers
	 	 	54	 
	
	
	
	

	
	
	
	

	
	
	
	

	
	
	
	

	ARTICLE III COVENANTS
	 	 	54	 
	
	
	
	

	 	SECTION 3.1. Application of Certain Covenants
	 	 	54	 
	
	
	
	

	 	SECTION 3.2. Payment of Principal, Premium, if any, and Interest
	 	 	55	 
	
	
	
	

	 	SECTION 3.3. Maintenance of Office or Agency
	 	 	55	 
	
	
	
	

	 	SECTION 3.4. Money for Securities Payments to be Held in Trust;
Unclaimed Money
	 	 	55	 
	
	
	
	

	 	SECTION 3.5. Corporate Existence
	 	 	56	 
	
	
	
	

	 	SECTION 3.6. Reports by the Company
	 	 	57	 
	
	
	
	

	 	SECTION 3.7. Annual Certificate
	 	 	57	 
	
	
	
	

	 	SECTION 3.8. Books of Record and Account
	 	 	57	 
	
	
	
	

	 	SECTION 3.9. Limitation on Liens
	 	 	57	 
	
	
	
	

	 	SECTION 3.10. Limitation on Incurrence of Indebtedness and Issuance of
Preferred Stock
	 	 	58	 
	
	
	
	

	 	SECTION 3.11. Limitation on Restricted Payments
	 	 	62	 
	
	
	
	

	 	SECTION 3.12. Limitation on Certain Asset Dispositions
	 	 	65	 
	
	
	
	

	 	SECTION 3.13. Limitation on Sale and Leaseback Transactions
	 	 	67	 
	
	
	
	

	 	SECTION 3.14. Limitation on Payment Restrictions Affecting Restricted
Subsidiaries
	 	 	68	 
	
	
	
	

	 	SECTION 3.15. Limitation on Transactions with Affiliates
	 	 	69	 
	
	
	
	

	 	SECTION 3.16. Limitation on Guarantees by Restricted Subsidiaries
	 	 	71	 

-i-

	 	 	 	 	 	 
	 	 	 	Page
	 	 	 	

	
	
	
	

	 	SECTION 3.17. Additional Amounts
	 	 	72	 
	
	
	
	

	 	SECTION 3.18. Offer to Repurchase Upon a Change of Control
	 	 	73	 
	
	
	
	

	 	SECTION 3.19. Payments for Consents
	 	 	75	 
	
	
	
	

	 	SECTION 3.20. Further Instruments and Acts
	 	 	75	 
	
	
	
	

	
	
	
	

	
	
	
	

	
	
	
	

	ARTICLE IV MERGER, CONSOLIDATION OR SALE BY THE COMPANY
	 	 	76	 
	
	
	
	

	 	SECTION 4.1. Merger, Consolidation, Etc.
	 	 	76	 
	
	
	
	

	
	
	
	

	
	
	
	

	
	
	
	

	ARTICLE V REDEMPTION OF SECURITIES
	 	 	76	 
	
	
	
	

	 	SECTION 5.1. Applicability of Article
	 	 	76	 
	
	
	
	

	 	SECTION 5.2. Election to Redeem; Notice to Trustee
	 	 	77	 
	
	
	
	

	 	SECTION 5.3. Selection of Securities to be Redeemed
	 	 	77	 
	
	
	
	

	 	SECTION 5.4. Notice of Redemption
	 	 	77	 
	
	
	
	

	 	SECTION 5.5. Deposit of Redemption Price
	 	 	78	 
	
	
	
	

	 	SECTION 5.6. Securities Payable on Redemption Date
	 	 	78	 
	
	
	
	

	 	SECTION 5.7. Securities Redeemed in Part
	 	 	79	 
	
	
	
	

	 	SECTION 5.8. Optional Redemption
	 	 	79	 
	
	
	
	

	 	SECTION 5.9. Redemption for Tax Reasons
	 	 	79	 
	
	
	
	

	
	
	
	

	
	
	
	

	
	
	
	

	ARTICLE VI DEFAULTS AND REMEDIES
	 	 	80	 
	
	
	
	

	 	SECTION 6.1. Events of Default
	 	 	80	 
	
	
	
	

	 	SECTION 6.2. Acceleration; Rescission and Annulment
	 	 	81	 
	
	
	
	

	 	SECTION 6.3. Collection of Indebtedness and Suits for Enforcement by Trustee
	 	 	82	 
	
	
	
	

	 	SECTION 6.4. Trustee May File Proofs of Claim
	 	 	82	 
	
	
	
	

	 	SECTION 6.5. Trustee May Enforce Claims Without Possession of Securities
	 	 	82	 
	
	
	
	

	 	SECTION 6.6. Delay or Omission Not Waiver
	 	 	83	 
	
	
	
	

	 	SECTION 6.7. Waiver of Past Defaults
	 	 	83	 
	
	
	
	

	 	SECTION 6.8. Control by Majority
	 	 	83	 
	
	
	
	

	 	SECTION 6.9. Limitation on Suits by Holders
	 	 	84	 
	
	
	
	

	 	SECTION 6.10. Rights of Holders to Receive Payment
	 	 	84	 
	
	
	
	

	 	SECTION 6.11. Application of Money Collected
	 	 	84	 
	
	
	
	

	 	SECTION 6.12. Restoration of Rights and Remedies
	 	 	85	 
	
	
	
	

	 	SECTION 6.13. Rights and Remedies Cumulative
	 	 	85	 
	
	
	
	

	 	SECTION 6.14. Waiver of Usury, Stay or Extension Laws
	 	 	85	 
	
	
	
	

	 	SECTION 6.15. Undertaking for Costs
	 	 	85	 
	
	
	
	

	
	
	
	

	
	
	
	

	
	
	
	

	ARTICLE VII TRUSTEE
	 	 	86	 
	
	
	
	

	 	SECTION 7.1. Certain Duties and Responsibilities of the Trustee
	 	 	86	 
	
	
	
	

	 	SECTION 7.2. Rights of Trustee
	 	 	86	 
	
	
	
	

	 	SECTION 7.3. Trustee May Hold Securities
	 	 	87	 
	
	
	
	

	 	SECTION 7.4. Money Held in Trust
	 	 	87	 
	
	
	
	

	 	SECTION 7.5. Trustee’s Disclaimer
	 	 	87	 
	
	
	
	

	 	SECTION 7.6. Notice of Defaults
	 	 	88	 
	
	
	
	

	 	SECTION 7.7. Reports by Trustee to Holders
	 	 	88	 
	
	
	
	

	 	SECTION 7.8. Securityholder Lists
	 	 	88	 
	
	
	
	

	 	SECTION 7.9. Compensation and Indemnity
	 	 	88	 
	
	
	
	

	 	SECTION 7.10. Replacement of Trustee
	 	 	89	 

-ii-

	 	 	 	 	 	 
	 	 	 	Page
	 	 	 	

	
	
	
	

	 	SECTION 7.11. Acceptance of Appointment by Successor
	 	 	90	 
	
	
	
	

	 	SECTION 7.12. Eligibility; Disqualification
	 	 	91	 
	
	
	
	

	 	SECTION 7.13. Merger, Conversion, Consolidation or Succession to Business
	 	 	91	 
	
	
	
	

	 	SECTION 7.14. Appointment of Authenticating Agent
	 	 	91	 
	
	
	
	

	
	
	
	

	
	
	
	

	
	
	
	

	ARTICLE VIII DISCHARGE OF INDENTURE; DEFEASANCE
	 	 	93	 
	
	
	
	

	 	SECTION 8.1. Termination of Company’s Obligations Under this Indenture
	 	 	93	 
	
	
	
	

	 	SECTION 8.2. Application of Trust Funds
	 	 	94	 
	
	
	
	

	 	SECTION 8.3. Company’s Option to Effect Defeasance or Covenant Defeasance
	 	 	94	 
	
	
	
	

	 	SECTION 8.4. Defeasance and Discharge
	 	 	94	 
	
	
	
	

	 	SECTION 8.5. Covenant Defeasance
	 	 	94	 
	
	
	
	

	 	SECTION 8.6. Conditions to Defeasance or Covenant Defeasance
	 	 	95	 
	
	
	
	

	 	SECTION 8.7. Deposited Money and U.S. Government Obligations to Be Held in Trust
	 	 	96	 
	
	
	
	

	 	SECTION 8.8. Repayment to Company
	 	 	96	 
	
	
	
	

	 	SECTION 8.9. Indemnity for U.S. Government Obligations
	 	 	97	 
	
	
	
	

	 	SECTION 8.10. Reinstatement
	 	 	97	 
	
	
	
	

	
	
	
	

	
	
	
	

	
	
	
	

	ARTICLE IX SUPPLEMENTAL INDENTURES
	 	 	97	 
	
	
	
	

	 	SECTION 9.1. Supplemental Indentures Without Consent of Holders
	 	 	97	 
	
	
	
	

	 	SECTION 9.2. Supplemental Indentures with Consent of Holders
	 	 	98	 
	
	
	
	

	 	SECTION 9.3. Compliance with Trust Indenture Act
	 	 	99	 
	
	
	
	

	 	SECTION 9.4. Execution of Supplemental Indentures
	 	 	99	 
	
	
	
	

	 	SECTION 9.5. Effect of Supplemental Indentures
	 	 	99	 
	
	
	
	

	
	
	
	

	
	
	
	

	
	
	
	

	ARTICLE X MISCELLANEOUS
	 	 	100	 
	
	
	
	

	 	SECTION 10.1. Trust Indenture Act Controls
	 	 	100	 
	
	
	
	

	 	SECTION 10.2. Notices
	 	 	100	 
	
	
	
	

	 	SECTION 10.3. Communication by Holders with other Holders
	 	 	101	 
	
	
	
	

	 	SECTION 10.4. Certificate and Opinion as to Conditions Precedent
	 	 	101	 
	
	
	
	

	 	SECTION 10.5. Statements Required in Certificate or Opinion
	 	 	101	 
	
	
	
	

	 	SECTION 10.6. When Securities Disregarded
	 	 	102	 
	
	
	
	

	 	SECTION 10.7. Rules by Trustee, Registrars and Paying Agents
	 	 	102	 
	
	
	
	

	 	SECTION 10.8. Legal Holidays
	 	 	102	 
	
	
	
	

	 	SECTION
10.9. GOVERNING LAW
	 	 	102	 
	
	
	
	

	 	SECTION 10.10. No Recourse Against Others
	 	 	102	 
	
	
	
	

	 	SECTION 10.11. Successors
	 	 	103	 
	
	
	
	

	 	SECTION 10.12. Multiple Originals
	 	 	103	 
	
	
	
	

	 	SECTION 10.13. Qualification of Indenture
	 	 	103	 
	
	
	
	

	 	SECTION 10.14. Table of Contents; Headings
	 	 	103	 
	
	
	
	

	 	SECTION 10.15. Separability
	 	 	103	 
	
	
	
	

	 	SECTION 10.16. Benefits of Indenture
	 	 	103	 

EXHIBIT A Form of the Initial Securities

EXHIBIT B Form of the Exchange Securities

-iii-

          INDENTURE, dated as of August 8, 2001, among Dana Corporation, a Virginia
corporation (the “Company”), Citibank, N.A., a national
banking association, as trustee (the “Trustee”) and as
registrar and a paying agent for the Dollar Securities (as defined below) and
Citibank, N.A., London Branch, as registrar and a paying agent for the Euro
Securities (as defined below).

          Each party agrees as follows for the benefit of the other party and for
the equal and ratable benefit of the Holders of (i) the Company’s $575,000,000
9% Notes due 2011 issued on the Issue Date (the “Initial Dollar
Securities”), (ii) the Company’s €200,000,000 9% Notes due 2011
issued on the Issue Date (the “Initial Euro Securities”
and, together with the Initial Dollar Securities, the “Initial
Securities”), (iii) if and when issued, additional dollar denominated
9% Notes due 2011 that may be offered from time to time subsequent to the Issue
Date (the “Additional Dollar Securities”), (iv) if and when
issued, additional euro denominated 9% Notes due 2011 that may be offered from
time to time subsequent to the Issue Date (the “Additional Euro
Securities” and, together with the Additional Dollar Securities, the
“Additional Securities”), (v) if and when issued in
exchange for, or upon registered resale of, Initial Dollar Securities or
Additional Dollar Securities as provided in a Registration Rights Agreement (as
hereinafter defined), the Company’s 9% Notes due 2011 (the “Exchange
Dollar Securities”) and (vi) if and when issued in exchange for, or
upon registered resale of, Initial Euro Securities or Additional Euro
Securities as provided in a Registration Rights Agreement, the Company’s 9%
Notes due 2011 (the “Exchange Euro Securities” and,
together with the Exchange Dollar Securities, the “Exchange
Securities”). The Initial Dollar Securities, the Additional Dollar
Securities and the Exchange Dollar Securities are collectively referred to
herein as the “Dollar Securities”; the Initial Euro
Securities, the Additional Euro Securities and the Exchange Euro Securities are
collectively referred to herein as the “Euro Securities”;
and the Dollar Securities and the Euro Securities are collectively referred to
herein as the “Securities”.

ARTICLE I

DEFINITIONS AND INCORPORATION BY REFERENCE

     SECTION 1.1. Definitions

     “Acquired Indebtedness” of any specified Person means
Indebtedness of any other Person and its Restricted Subsidiaries existing at
the time such other Person merged with or into or became a Restricted
Subsidiary of such specified Person or assumed by the specified Person in
connection with the acquisition of assets from such other Person and not
incurred by the specified Person in connection with or in anticipation of (a)
such other Person and its Restricted Subsidiaries being merged with or into or
becoming a Restricted Subsidiary of such specified Person or (b) such
acquisition by the specified Person.

     “Additional Dollar Securities” has the meaning
ascribed to it in the second introductory paragraph of this Indenture.

-1-

     “Additional Euro Securities” has the meaning ascribed
to it in the second introductory paragraph of this Indenture.

     “Additional Securities” has the meaning ascribed to it
in the second introductory paragraph of this Indenture.

     “Affiliate” means, when used with reference to any
Person, any other Person directly or indirectly controlling, controlled by, or
under direct or indirect common control with, the referent Person, as the case
may be. For the purposes of this definition, “control” when used with respect
to any specified Person means the power to direct or cause the direction of
management or policies of the referent Person, directly or indirectly, whether
through the ownership of voting securities, by contract or otherwise; and the
terms “controlling” and “controlled” have meanings correlative of the
foregoing.

     “Agent” means any Registrar, Paying Agent,
Authenticating Agent or co-Registrar.

     “Applicable Procedure” means the rules and procedures
of DTC, Euroclear and Clearstream, in each case to the extent applicable.

     “Asset Disposition” means any sale, transfer or other
disposition (including, without limitation, by merger, consolidation or Sale
and Leaseback Transaction) of:

	     	
	     	     (1) shares of Capital Stock of a Restricted Subsidiary of the
Company (other than directors’ qualifying shares) or
	     
	     	     (2) property or assets of the Company or any of its Restricted
Subsidiaries.
	     
	     	Notwithstanding the foregoing, an Asset Disposition shall not include:
	     
	     	     (1) a disposition by a Restricted Subsidiary to the Company or by
the Company or a Restricted Subsidiary to a Restricted Subsidiary;
	     
	     	     (2) the sale of Cash Equivalents in the ordinary course of business;
	     
	     	     (3) a disposition of inventory in the ordinary course of business;
	     
	     	     (4) a disposition of obsolete or worn out property or property that
is no longer useful in the conduct of the business of the Company and its
Restricted Subsidiaries and that is disposed of in each case in the
ordinary course of business;
	     
	     	     (5) transactions permitted under Section 4.1 hereof;
	     
	     	     (6) an issuance of Capital Stock by a Restricted Subsidiary of the
Company to the Company or to a Restricted Subsidiary;
	     
	     	     (7) for purposes of Section 3.12 hereof only, the making of a
Permitted Investment or a disposition subject to Section 3.11 hereof;
	     
	     	     (8) an Asset Swap effected in compliance with Section 3.12 hereof;

-2-

	     	
	     	     (9) any sale, transfer or other disposition of defaulted receivables
for collection;
	     
	     	     (10) the grant in the ordinary course of business of any license of
patents, trademarks, registrations therefor and other similar
intellectual property;
	     
	     	     (11) the granting of any Lien (or foreclosure thereon) securing
Indebtedness to the extent that such Lien is granted in compliance with
Section 3.9 hereof and dispositions in connection with Permitted Liens;
	     
	     	     (12) sales of accounts receivable in connection with the Receivables
Facility;
	     
	     	     (13) sales of accounts receivable, equipment and related assets
(including contract rights) of the type specified in the definition of
“Qualified Securitization Transaction” to a Securitization Subsidiary for
the fair market value thereof, including cash in an amount at least equal
to 90% of the fair market value thereof as determined in accordance with
GAAP;
	     
	     	     (14) transfers of accounts receivable, equipment and related assets
(including contract rights) of the type specified in the definition of
“Qualified Securitization Transaction” (or a fractional undivided
interest therein) by a Securitization Subsidiary in a Qualified
Securitization Transaction; and
	     
	     	     (15) any isolated sale, transfer or other disposition that does not
(together with all related sales, transfers or dispositions) involve
aggregate consideration in excess of $10.0 million.

     An “Associate” of, or a Person “
associated” with, any Person, means:

	     	
	     	     (1) any trust or other estate in which such Person has a substantial
beneficial interest or as to which such Person serves as trustee or in a
similar fiduciary capacity; and

	     	
	     	     (2) any relative or spouse of such Person, or any relative of such
spouse, who has the same home as such Person.

     “Asset Swap” means the concurrent purchase and sale or
exchange of Related Business Assets between the Company or any of its
Restricted Subsidiaries and another Person; provided that
any cash received must be applied in accordance with Section 3.12 hereof.

     “Attributable Indebtedness” in respect of a Sale and
Leaseback Transaction means, as at the time of determination, the present value
(discounted at the lower of the interest rates borne by the Dollar Securities
and the Euro Securities, compounded annually) of the total obligations of the
lessee for rental payments during the remaining term of the lease included in
such Sale and Leaseback Transaction (including any period for which such lease
has been extended).

     “Authenticating Agent” means any authenticating agent
appointed by the Trustee pursuant to Section 7.14 hereof.

-3-

     “Average Life” means, as of the date of determination,
with respect to any Indebtedness or Preferred Stock, the quotient obtained by
dividing:

	     	
	     	     (1) the sum of the products of the number of years from the date of
determination to the dates of each successive scheduled principal payment
of such Indebtedness or redemption or similar payment with respect to
such Preferred Stock multiplied by the amount of such payment, by

	     	
	     	     (2) the sum of all such payments.

     “Bankruptcy Law” means Title 11, U.S. Code, or any
similar federal or state bankruptcy, insolvency, reorganization or other law
for the relief of debtors.

     “Beneficial Owner” has the meaning assigned to such
term in Rule 13d-3 and Rule 13d-5 under the Exchange Act, except that in
calculating the beneficial ownership of any particular “person” (as that term
is used in Section 13(d)(3) of the Exchange Act), such “person” shall be deemed
to have beneficial ownership of all securities that such “person” has the right
to acquire by conversion or exercise of other securities, whether such right is
currently exercisable or is exercisable only upon occurrence of a subsequent
condition (other than a condition that the Holders waive one or more provisions
of this Indenture).

     “Board of Directors” means, as to any Person, the
board of directors of such Person or any duly authorized committee thereof.

     “Board Resolution” means a copy of a resolution of the
Board of Directors of the Company or the equivalent body of any Restricted
Subsidiary, as applicable, certified by the Secretary or an Assistant Secretary
of the Company, or the equivalent officer of any Restricted Subsidiary, as
applicable, to have been duly adopted by the Board of Directors of the Company
or the Restricted Subsidiary, as applicable, and to be in full force and effect
on the date of the certificate, and delivered to the Trustee.

     “Book-Entry Interest” means a depositary interest
representing 100% beneficial interest in a Global Security.

     “Bund Rate” means, with respect to any redemption date
for the Euro Securities, the five day average of the daily fixing on the
Frankfurt Stock Exchange of the rate for German Bund securities having a
constant maturity most nearly equal to the period from the redemption date to
the maturity date; provided, however,
that if the period from the redemption date to the maturity date is not equal
to the constant maturity of a German Bund security for which a weekly average
yield is given, the Bund Rate shall be obtained by linear interpolation
(calculated to the nearest one-twelfth of a year) from the weekly average
yields of German Bund Securities for which such yields are given, except that
if the period from the redemption date to the maturity date is less than one
year, the weekly average yield on actually traded German Bund securities
adjusted to a constant maturity of one year shall be used.

     “Business Day” means a day (other than Saturday or
Sunday) on which Euroclear, and Clearstream are open for business and banks are
not permitted or required to be closed in New York City or London.

-4-

     “Capital Stock” of any Person means any and all
shares, interests, rights to purchase, warrants, options, participation or
other equivalents of or interests in (however designated) equity of such
Person, including any Preferred Stock, but excluding any debt securities
convertible into such equity.

     “Capitalized Lease Obligation” means an obligation
that is required to be classified and accounted for as a capitalized lease for
financial reporting purposes in accordance with GAAP, and the amount of
Indebtedness represented by such obligation will be the capitalized amount of
such obligation at the time any determination thereof is to be made as
determined in accordance with GAAP, and the Stated Maturity thereof will be the
date of the last payment of rent or any other amount due under such lease
before the first date such lease may be terminated without penalty.

     “Cash Equivalents” means:

	     	
	     	     (1) securities issued or directly and fully guaranteed or insured by
the United States Government or any agency or instrumentality of the
United States (provided that the full faith and
credit of the United States is pledged in support thereof), having
maturities of not more than one year from the date of acquisition;
	     
	     	     (2) marketable general obligations issued by any state of the United
States of America or any political subdivision of any such state or any
public instrumentality thereof maturing within one year from the date of
acquisition thereof and, at the time of acquisition, having a credit
rating of “A” or better from either S&P or Moody’s;
	     
	     	     (3) certificates of deposit, time deposits, eurodollar time
deposits, overnight bank deposits or bankers’ acceptances having
maturities of not more than one year from the date of acquisition thereof
issued by any commercial bank the long-term debt of which is rated at the
time of acquisition thereof at least “A” or the equivalent thereof by S&P
or “A” or the equivalent thereof by Moody’s, and having combined capital
and surplus in excess of $500.0 million;
	     
	     	     (4) repurchase obligations with a term of not more than seven days
for underlying securities of the types described in clauses (1), (2) and
(3) entered into with any bank meeting the qualifications specified in
clause (3) above;
	     
	     	     (5) commercial paper rated at the time of acquisition thereof at
least “A-2” or the equivalent thereof by S&P or “P-2” or the equivalent
thereof by Moody’s, or carrying an equivalent rating by a nationally
recognized rating agency, if both of the two named rating agencies cease
publishing ratings of investments, and in any case maturing within one
year after the date of acquisition thereof; and
	     
	     	     (6) interests in any investment company or money market fund which
invests solely in instruments of the type specified in clauses (1)
through (5) above.

     “Change of Control” means the occurrence of one or
more of the following events:

-5-

	     	
	     	     (1) any “person” or “group” (as such terms are used in Section 13(d)
and 14(d) of the Exchange Act), other than employee or retiree benefit
plans or trusts sponsored or established by the Company, is or becomes
the “beneficial owner” (as defined in Rule 13d-3 under the Exchange Act),
directly or indirectly, of securities of the Company representing 35% or
more of the combined voting power of the Company’s then outstanding
Voting Stock;
	     
	     	     (2) the following individuals cease for any reason to constitute
more than two-thirds of the number of directors then serving on the Board
of Directors of the Company: individuals who, on the Issue Date,
constitute the Board of Directors of the Company and any new director
(other than a director whose initial assumption of the office is in
connection with an actual or threatened election contest, including but
not limited to a consent solicitation, relating to the election of
directors of the Company) whose appointment or election by the Board of
Directors of the Company or nomination for election by the Company’s
stockholders was approved by the vote of at least a majority of the
directors then still in office or whose appointment, election or
nomination was previously so approved or recommended;
	     
	     	     (3) the shareholders of the Company shall approve any Plan of
Liquidation (whether or not otherwise in compliance with the provisions
of this Indenture);
	     
	     	     (4) the Company or any Restricted Subsidiary of the Company,
directly or indirectly, sells, assigns, conveys, transfers, leases or
otherwise disposes of, in one transaction or a series of related
transactions, all or substantially all of the property or assets of the
Company and the Restricted Subsidiaries of the Company (determined on a
consolidated basis) to any Person; provided, that
neither the merger of a Restricted Subsidiary of the Company into the
Company or into any Restricted Subsidiary of the Company nor a sale,
assignment, conveyance, transfer, lease or other disposition of all or
substantially all of the property or assets of a Restricted Subsidiary of
the Company into the Company or into any Restricted Subsidiary of the
Company shall be deemed to be a Change of Control.

     For purposes of the foregoing, the transfer (by lease, assignment, sale or
otherwise, in a single transaction or series of transactions) of all or
substantially all of the properties or assets of one or more Restricted
Subsidiaries of the Company, the Capital Stock of which constitutes all or
substantially all of the properties and assets of the Company, shall be deemed
to be the transfer of all or substantially all of the properties and assets of
the Company.

     “Clearstream” means Clearstream Banking, société
anonyme, and any successor thereto.

     “Code” means the Internal Revenue Code of 1986, as
amended.

     “Commission” means the Securities and Exchange
Commission, as from time to time constituted, created under the Exchange Act,
or, if at any time after the execution of this Indenture 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.

-6-

     “Common Depositary” means Citibank, N.A., London
Branch, its nominees and their respective successors and assigns, or such other
depositary institution hereinafter appointed by the Company.

     “Common Stock” means with respect to any Person, any
and all shares, interests or other participations in, and other equivalents
(however designated and whether voting or non-voting) of such Person’s common
stock, whether or not outstanding on the Issue Date, and includes, without
limitation, all series and classes of such common stock.

     “Company” means Dana Corporation, a Virginia
corporation, or a successor corporation.

     “Company Order” and “Company
Request” mean, respectively, a written order or request signed in the
name of the Company by two Officers, one of whom must be the Chairman of the
Board, the President, the Chief Financial Officer, any Executive Vice
President, Senior Vice President or Vice President, the Treasurer, any
Assistant Treasurer or the Controller of the Company.

     “Comparable Treasury Dealer Quotations” means, with
respect to each Reference Treasury Dealer and any redemption date, the average,
as determined by the Trustee, of the bid and asked prices for the Comparable
Treasury Issue (expressed in each case as a percentage of its principal amount)
quoted in writing to the Trustee by such Reference Treasury Dealer at 5:00
p.m., New York City time on the third business day preceding such redemption
date.

     “Comparable Treasury Issue” means the fixed rate
United States Treasury security selected by an Independent Investment Banker as
having a maturity most comparable to the remaining term of the Dollar
Securities (and which is not callable prior to maturity) to be redeemed that
would be utilized, at the time of selection and in accordance with customary
financial practices, in pricing new issues of corporate debt securities of
comparable maturity to the remaining term of the Dollar Securities to be
redeemed.

     “Comparable Treasury Price” means with respect to any
redemption date for the Dollar Securities:

	     	
	     	     (1) the average of four Comparable Treasury Dealer Quotations for
such redemption date, after excluding the highest and lowest of such
Comparable Treasury Dealer Quotations, or

	     	
	     	     (2) if the Trustee obtains fewer than four such Comparable Treasury
Dealer Quotations, the average of all such quotations.

     “Consolidated Coverage Ratio” means as of any date of
determination, with respect to any Person, the ratio of (x) the aggregate
amount of Consolidated EBITDA of such Person for the period of the most recent
four consecutive fiscal quarters ending prior to the date of such determination
for which financial statements are in existence to (y) Consolidated Interest
Expense for such four fiscal quarters, provided, 
however, that:

	     	
	     	     (1) if the Company or any Restricted Subsidiary:

-7-

	          	
	     	     (a) has incurred any Indebtedness since the beginning of such
four fiscal quarters that remains outstanding on such date of
determination or if the transaction giving rise to the need to
calculate the Consolidated Coverage Ratio is an incurrence of
Indebtedness, Consolidated EBITDA and Consolidated Interest Expense
for such period will be calculated after giving effect on a pro
forma basis to such Indebtedness as if such Indebtedness had been
Incurred on the first day of such period (except that in making
such computation, the amount of Indebtedness under any revolving
credit facility outstanding on the date of such calculation will be
computed based on (i) the average daily balance of such
Indebtedness during such four fiscal quarters or such shorter
period for which such facility was outstanding or (ii) if such
facility was created after the end of such four fiscal quarters,
the average daily balance of such Indebtedness during the period
from the date of creation of such facility to the date of such
calculation) and to the discharge of any other Indebtedness repaid,
repurchased, defeased or otherwise discharged with the proceeds of
such new Indebtedness as if such discharge had occurred on the
first day of such period; or

	          	
	     	     (b) has repaid, repurchased, defeased or otherwise discharged
any Indebtedness since the beginning of the period that is no
longer outstanding on such date of determination or if the
transaction giving rise to the need to calculate the Consolidated
Coverage Ratio involves a discharge of Indebtedness (in each case
other than Indebtedness incurred under any revolving credit
facility unless such Indebtedness has been permanently repaid and
the related commitment terminated), Consolidated EBITDA and
Consolidated Interest Expense for such period will be calculated
after giving effect on a pro forma basis to such discharge of such
Indebtedness, including with the proceeds of such new Indebtedness,
as if such discharge had occurred on the first day of such period;

	     	
	     	     (2) if since the beginning of such period the Company or any
Restricted Subsidiary will have made any Asset Disposition or if the
transaction giving rise to the need to calculate the Consolidated
Coverage Ratio is an Asset Disposition:

	          	
	     	     (a) the Consolidated EBITDA for such period will be reduced
by an amount equal to the Consolidated EBITDA (if positive)
directly attributable to the assets which are the subject of such
Asset Disposition for such period or increased by an amount equal
to the Consolidated EBITDA (if negative) directly attributable
thereto for such period; and

	          	
	     	     (b) Consolidated Interest Expense for such period will be
reduced by an amount equal to the Consolidated Interest Expense
directly attributable to any Indebtedness of The Company or any
Restricted Subsidiary repaid, repurchased, defeased or otherwise
discharged with respect to the Company and its continuing
Restricted Subsidiaries in connection with such Asset Disposition
for such period (or, if the Capital Stock of any Restricted
Subsidiary is sold, the Consolidated Interest Expense for such
period directly attributable to the Indebtedness of such Restricted
Subsidiary to the extent the Company and its continuing Restricted
Subsidiaries are no longer liable for such Indebtedness after such
sale);

-8-

	     	
	     	     (3) if since the beginning of such period the Company or any
Restricted Subsidiary (by merger or otherwise) will have made an
Investment in any Restricted Subsidiary (or any Person which becomes a
Restricted Subsidiary or is merged with or into the Company) or an
acquisition of assets, including any acquisition of assets occurring in
connection with a transaction causing a calculation to be made hereunder,
which constitutes all or substantially all of an operating unit, division
or line of business, Consolidated EBITDA and Consolidated Interest
Expense for such period will be calculated after giving pro forma effect
thereto (including the incurrence of any Indebtedness) as if such
Investment or acquisition occurred on the first day of such period; and

	     	
	     	     (4) if since the beginning of such period any Person (that
subsequently became a Restricted Subsidiary or was merged with or into
the Company or any Restricted Subsidiary since the beginning of such
period) will have made any Asset Disposition or any Investment or
acquisition of assets that would have required an adjustment pursuant to
clause (2) or (3) above if made by the Company or a Restricted Subsidiary
during such period, Consolidated EBITDA and Consolidated Interest Expense
for such period will be calculated after giving pro forma effect thereto
as if such Asset Disposition or Investment or acquisition of assets
occurred on the first day of such period.

For purposes of this definition, whenever pro forma effect is to be given to
any calculation under this definition, the pro forma calculations will be
determined in good faith by a responsible financial or accounting officer of
the Company (including pro forma expense and cost reductions calculated on a
basis consistent with Regulation S-X under the Securities Act). If any
Indebtedness bears a floating rate of interest and is being given pro forma
effect, the interest expense on such Indebtedness will be calculated as if the
rate in effect on the date of determination had been the applicable rate for
the entire period (taking into account any Interest Rate Protection Agreement
applicable to such Indebtedness if such Interest Rate Protection Agreement has
a remaining term in excess of 12 months).

     “Consolidated EBITDA” for any period means, without
duplication, the Consolidated Net Income for such period, plus the following to
the extent deducted in calculating such Consolidated Net Income:

	     	
	     	     (1) Consolidated Interest Expense;
	     
	     	     (2) Consolidated Income Taxes;
	     
	     	     (3) consolidated depreciation expense;
	     
	     	     (4) consolidated amortization of intangibles; and
	     
	     	     (5) other non-cash charges reducing Consolidated Net Income
(excluding any such non-cash charge to the extent it represents an
accrual of or reserve for cash charges in any future period or
amortization of a prepaid cash expense that was paid in a prior period
not included in the calculation).

-9-

     “Consolidated Income Taxes” means, with respect to any
Person for any period, taxes imposed upon such Person or other payments
required to be made by such Person by any governmental authority which taxes or
other payments are calculated by reference to the income or profits of such
Person or such Person and its Restricted Subsidiaries (to the extent such
income or profits were included in computing Consolidated Net Income for such
period), regardless of whether such taxes or payments are required to be
remitted to any governmental authority.

     “Consolidated Interest Expense” means, for any period,
the total interest expense of the Company and its consolidated Restricted
Subsidiaries, whether paid or accrued, plus, to the extent not included in such
interest expense:

	     	
	     	(1) interest expense attributable to Capitalized Lease Obligations and
the interest portion of rent expense associated with Attributable
Indebtedness in respect of the relevant lease giving rise thereto,
determined as if such lease were a capitalized lease in accordance with
GAAP and the interest component of any deferred payment obligations;

	     	
	     	(2) amortization of debt discount;

	     	
	     	(3) non-cash interest expense;

	     	
	     	(4) commissions, discounts and other fees and charges owed with respect
to letters of credit and bankers’ acceptance financing;

	     	
	     	(5) the interest expense on Indebtedness of another Person that is
Guaranteed by such Person or one of its Restricted Subsidiaries or
secured by a Lien on assets of such Person or one of its Restricted
Subsidiaries;

	     	
	     	(6) net costs associated with Hedging Obligations (including amortization
of fees);

	     	
	     	(7) the consolidated interest expense of such Person and its Restricted
Subsidiaries that was capitalized during such period;

	     	
	     	(8) the product of (a) all dividends paid or payable in cash, Cash
Equivalents or Indebtedness or accrued during such period on any series
of Disqualified Stock of such Person or on Preferred Stock of its
Restricted Subsidiaries payable to a party other than the Company or a
Restricted Subsidiary, times (b) a fraction, the numerator of which is
one and the denominator of which is one minus the then current combined
federal, state, provincial and local statutory tax rate of such Person,
expressed as a decimal, in each case, on a consolidated basis and in
accordance with GAAP; and

	     	
	     	(9) the cash contributions to any employee stock ownership plan or
similar trust to the extent such contributions are used by such plan or
trust to pay interest or fees to any Person (other than the Company) in
connection with Indebtedness Incurred by such plan or trust; 
provided, however, that there will be
excluded therefrom any such interest expense of any Unrestricted
Subsidiary to the extent the related Indebtedness is not Guaranteed or
paid by the Company or any Restricted Subsidiary.

-10-

	     	
	     	For purposes of the foregoing, total interest expense will be determined
after giving effect to any net payments made or received by the Company
and its Subsidiaries with respect to Interest Rate Protection Agreements.

     “Consolidated Net Income” means, for any period, the
net income (loss) of the Company and its consolidated Restricted Subsidiaries
determined in accordance with GAAP; provided, 
however, that there will not be included in such Consolidated Net
Income:

     (1)  any net income (loss) of any Person if such Person is not a Restricted
Subsidiary, except that:

	     	
	     	     (a) subject to the limitations contained in clauses (4), (5) and (6)
below, the Company’s equity in the net income of any such Person for such
period will be included in such Consolidated Net Income up to the
aggregate amount of cash actually distributed by such Person during such
period to the Company or a Restricted Subsidiary as a dividend or other
distribution (subject, in the case of a dividend or other distribution to
a Restricted Subsidiary, to the limitations contained in clause (3)
below); and

	     	
	     	     (b) the Company’s equity in a net loss of any such Person (other
than an Unrestricted Subsidiary) for such period will be included in
determining such Consolidated Net Income to the extent such loss has been
funded with cash from the Company or a Restricted Subsidiary;

     (2)  any net income (loss) of any Person acquired by the Company or a
Subsidiary in a pooling of interests transaction for any period before the date
of such acquisition;

     (3)  any net income (but not loss) of any Restricted Subsidiary if such
Subsidiary is subject to restrictions, directly or indirectly, on the payment
of dividends or the making of distributions by such Restricted Subsidiary,
directly or indirectly, to the Company, except that:

	     	
	     	     (a) subject to the limitations contained in clauses (4), (5) and (6)
below, the Company’s equity in the net income of any such Restricted
Subsidiary for such period will be included in such Consolidated Net
Income up to the aggregate amount of cash that could have been
distributed by such Restricted Subsidiary during such period to the
Company or another Restricted Subsidiary as a dividend (subject, in the
case of a dividend to another Restricted Subsidiary, to the limitation
contained in this clause); and

	     	
	     	     (b) the Company’s equity in a net loss of any such Restricted
Subsidiary for such period will be included in determining such
Consolidated Net Income;

     (4)  any gain (loss) realized upon the sale or other disposition of any
property, plant or equipment of the Company or its consolidated Restricted
Subsidiaries (including pursuant to any Sale and Leaseback Transaction) which
is not sold or otherwise disposed of in the ordinary course of business
(provided that sales of equipment and related assets
(including contract rights) or Receivables or interests therein pursuant to
Qualified Securitization Transactions shall be deemed to be in the ordinary
course) and any gain (loss) realized upon the sale or other disposition of any
Capital Stock of any Person;

-11-

     (5)  any extraordinary gain or loss; and

     (6)  the cumulative effect of a change in accounting principles.

     “Consolidated Net Tangible Assets” means the total
assets (less applicable reserved and other properly deductible items) on the
balance sheet of the Company and its consolidated Subsidiaries for the most
recent fiscal quarter, less (i) all current liabilities and (ii) goodwill,
trade names, patents, organization expenses and other like intangibles of the
Company and its consolidated Subsidiaries.

     “Consolidated Tangible Assets” means the total assets
(less applicable reserved and other properly deductible items) on the balance
sheet of the Company and its consolidated Subsidiaries for the most recent
fiscal quarter, less goodwill, trade names, patents, organization expenses and
other like intangibles of the Company and its consolidated Subsidiaries.

     “Corporate Trust Office” means the office of the
Trustee in which at any particular time its corporate trust business shall be
principally administered, which office at the date hereof is located at 111
Wall Street, 14th Floor, New York, New York 10005, Attention: Citibank Agency
& Trust.

     “Credit Facilities” means (i) the 364-Day Credit
Agreement dated as of November 15, 2000 among the Company, as borrower, the
initial lenders named therein, as initial lenders, and Citibank, N.A., as
Administrative Agent, Deutsche Bank, AG, New York Branch and Bank of America,
N.A., as Syndication Agents, Bank One, NA, as Documentation Agent and Salomon
Smith Barney Inc., as Lead Arranger and Book Manager, including any related
notes, (ii) the Five-Year Credit Agreement dated as of November 15, 2000 among
the Company, as borrower, the initial lenders named therein, as initial
lenders, and Citibank, N.A., as Administrative Agent, Deutsche Bank, AG, New
York Branch and Bank of America, N.A., as Syndication Agents, Bank One, NA, as
Documentation Agent and Salomon Smith Barney Inc., as Lead Arranger and Book
Manager, including any related notes and (iii) the Receivables Facility, each
as amended to the Issue Date and as such facilities may from time to time
thereafter be amended, restated, supplemented or otherwise modified, including
any refinancing, refunding, replacement or extension thereof and whether by the
same or any other lender or group of lenders; provided that
no amendment, restatement, supplement or other modification to such facilities
shall permit a Restricted Subsidiary to be a borrower thereunder except to the
extent permitted under clause (16) of Section 3.10 hereof
or provide for the granting of a Lien other than as permitted by 
Section 3.9 hereof; and provided, 
further, that in no event shall the amount of Indebtedness which the
Company may incur under the Credit Facilities, including any refinancing,
refunding, replacement or extension thereof, exceed $1.65 billion.

     “Currency Agreement” means any foreign exchange
contract, currency swap agreement or other similar agreement or arrangement
designed to protect the Company or any of its Restricted Subsidiaries against
fluctuations in currency values to or under which the Company or any of its
Restricted Subsidiaries is a party or a beneficiary on the date of this
Indenture or becomes a party or a beneficiary thereafter.

-12-

     “Custodian” means any receiver, trustee, assignee,
liquidator or similar official under any Bankruptcy Law.

     “Default” means any event which is, or after notice or
passage of time or both would be, an Event of Default.

     “Depositary” means DTC, in the case of the Dollar
Securities, or the Common Depositary, in the case of the Euro Securities, and
their respective successors and assigns.

     “Depositary Interest” means a certificate or
depositary interest representing 100% beneficial interest in a Global Security.

     “Disqualified Capital Stock” means, with respect to
any Person, any Capital Stock of such Person which by its terms (or by the
terms of any security into which it is convertible or for which it is
exchangeable) or upon the happening of any event:

     (1)  matures or is mandatorily redeemable pursuant to a sinking fund
obligation or otherwise;

     (2)  is convertible or exchangeable for Indebtedness or Disqualified Stock
(excluding Capital Stock which is convertible or exchangeable solely at the
option of the Company or a Restricted Subsidiary); or

     (3)  is redeemable at the option of the holder of the Capital Stock, in
whole or in part,

in each case on or prior to the date that is 91 days after the date (a) on
which the Securities mature, or (b) on which there are no Securities
outstanding, provided that only the portion of Capital
Stock which so matures or is mandatorily redeemable, is so convertible or
exchangeable or is so redeemable at the option of the holder thereof before
such date will be deemed to be Disqualified Stock; 
provided, further that any Capital Stock that
would constitute Disqualified Stock solely because the holders thereof have the
right to require the Company to repurchase such Capital Stock upon the
occurrence of a change of control or asset sale (each defined in a
substantially identical manner to the corresponding definitions in this
Indenture) shall not constitute Disqualified Stock if the terms of such Capital
Stock (and all such securities into which it is convertible or for which it is
redeemable or exchangeable) provide that the Company may not repurchase or
redeem any such Capital Stock (and all such securities into which it is
convertible or for which it is redeemable or exchangeable) pursuant to such
provision prior to compliance by the Company with the provisions of Section
3.12 and Section 3.18 hereof and such repurchase complies with Section 3.11
hereof.

     “Dollar Securities” has the meaning ascribed to it in
the second introductory paragraph of this Indenture.

     “Dollar Security Register” means the register of
Dollar Securities, maintained by the Registrar, pursuant to Section
2.3 hereof.

-13-

     “DTC” means The Depository Trust Company, its nominees
and their respective successors and assigns, or such other depositary
institution hereinafter appointed by the Company.

     “Euroclear” means Euroclear Bank S.A./N.V., as
operator of the Euroclear system, and any successor thereto.

     “Euro Security Register” means the register of Euro
Securities, maintained by the Registrar, pursuant to Section 2.3 hereof.

     “Euro Securities” has the meaning ascribed to it in
the second introductory paragraph of this Indenture.

     “Event of Default” has the meaning set forth in
Section 6.1 hereof.

     “Exchange Act” means the Securities Exchange Act of
1934, as amended.

     “Exchange Dollar Securities” has the meaning ascribed
to it in the second introductory paragraph of this Indenture.

     “Exchange Euro Securities” has the meaning ascribed to
it in the second introductory paragraph of this Indenture.

     “Exchange Offer” shall have the meaning set forth in
the Registration Rights Agreement.

     “Exchange Securities” has the meaning ascribed to it
in the second introductory paragraph of this Indenture.

     “Funded Debt” means indebtedness for borrowed money
owed or guaranteed by the Company or any consolidated Restricted Subsidiary,
and any other indebtedness which under GAAP would appear as debt on the
Company’s consolidated balance sheet, which matures by its terms more than
twelve months from the date as of which Funded Debt is to be determined or is
extendible or renewable at the option of the obligor to a date more than twelve
months from the date as of which Funded Debt is to be determined.

     “GAAP” means generally accepted accounting principles
set forth in the opinions and pronouncements of the Accounting Principles Board
of the American Institute of Certified Public Accountants and statements and
pronouncements of the Financial Accounting Standards Board or in such other
statements by such other entity as may be approved by a significant segment of
the accounting profession of the United States, which are in effect as of the
Issue Date.

     “Guarantee” means any obligation, contingent or
otherwise, of any Person directly or indirectly guaranteeing any Indebtedness
of any other Person and, without limiting the generality of the foregoing, any
obligation, direct or indirect, contingent or otherwise, of such Person:

	     	
	     	     (1) to purchase or pay (or advance or supply funds for the purchase
or payment of) such Indebtedness of such other Person (whether arising by
virtue of partnership

-14-

	     	
	     	arrangements, or by agreement to keepwell, to purchase assets,
goods, securities or services, to take-or-pay, or to maintain financial
statement conditions or otherwise); or

	     	
	     	     (2) entered into for purposes of assuring in any other manner the
obligee of such Indebtedness of the payment thereof or to protect such
obligee against loss in respect thereof (in whole or in part), 
provided that the term “guarantee” shall not include
endorsements for collection or deposit in the ordinary course of
business. The term “guarantee” used as a verb has a corresponding
meaning.

     “Hedging Obligations” of any Person means the
obligations of such Person pursuant to any Interest Rate Protection Agreement
or Currency Agreement.

     “Holder” or “Securityholder” means
the Person in whose name a Security is registered in a Security Register.

     “incur” means, with respect to any Indebtedness or
other obligation of any Person, to create, issue, incur (by conversion,
exchange or otherwise), assume, guarantee or otherwise become liable in respect
of such Indebtedness or other obligation or the recording, as required pursuant
to GAAP or otherwise, of any such Indebtedness or other obligation on the
balance sheet of such Person (and “incurrence,” “incurred,” “incurable” and
“incurring” shall have meanings correlative to the foregoing), 
provided that the accrual of interest (whether such interest is
payable in cash or in kind) and the accretion of original issue discount shall
not be deemed an incurrence of Indebtedness, provided,
further, that:

	     	
	     	     (1) any Indebtedness or Capital Stock of a Person existing at the
time such Person becomes (after the Issue Date) a Restricted Subsidiary
(whether by merger, consolidation, acquisition or otherwise) of the
Company shall be deemed to be incurred or issued, as the case may be, by
such Restricted Subsidiary at the time it becomes a Restricted Subsidiary
of the Company; and

	     	
	     	     (2) any amendment, modification or waiver of any document pursuant
to which Indebtedness was previously incurred shall not be deemed to be
an incurrence of Indebtedness unless and then only to the extent such
amendment, modification or waiver increases the principal or premium
thereof or interest rate thereon (including by way of original issue
discount).

     “Indebtedness” means, with respect to any Person, at
any date, any of the following, without duplication:

	     	
	     	     (1) any liability, contingent or otherwise, of such Person (a) for
borrowed money (whether or not the recourse of the lender is to the whole
of the assets of such Person or only to a portion thereof), (b) evidenced
by a note, bond, debenture or similar instrument or letters of credit
(including a purchase money obligation) or (c) for the payment of money
relating to a Capitalized Lease Obligation or other obligation (whether
issued or assumed) relating to the deferred purchase price of property,
but excluding trade accounts payable of such Person arising in the
ordinary course of business;

-15-

	     	
	     	     (2) all conditional sale obligations and all obligations under any
title retention agreement (even if the rights and remedies of the seller
under such agreement in the event of default are limited to repossession
or sale of such property), but excluding trade accounts payable of such
Person arising in the ordinary course of business;

	     	
	     	     (3) all obligations for the reimbursement of any obligor on any
letter of credit, banker’s acceptance or similar credit transaction
entered into in the ordinary course of business;

	     	
	     	     (4) all Indebtedness of others secured by (or for which the holder
of such Indebtedness has an existing right, contingent or otherwise, to
be secured by) any Lien on any asset or property (including, without
limitation, leasehold interests and any other tangible or intangible
property) of such Person, whether or not such Indebtedness is assumed by
such Person or is not otherwise such Person’s legal liability; 
provided, that if the obligations so secured have not been
assumed by such Person or are otherwise not such Person’s legal
liability, the amount of such Indebtedness for the purposes of this
definition shall be limited to the lesser of the amount of such
Indebtedness secured by such Lien or the fair market value of the assets
or property securing such Lien;

	     	
	     	     (5) all Indebtedness of others (including all dividends of other
Persons the payment of which is) guaranteed, directly or indirectly, by
such Person or that is otherwise its legal liability or which such Person
has agreed to purchase or repurchase or in respect of which such Person
has agreed continently to supply or advance funds;

	     	
	     	     (6) all Disqualified Stock issued by such Person with the amount of
Indebtedness represented by such Disqualified Capital Stock being equal
to the greater of its voluntary or involuntary liquidation preference and
its maximum fixed repurchase price, but excluding accrued dividends if
any;

	     	
	     	     (7) all obligations under Currency Agreements and Interest Rate
Protection Agreements; and

	     	
	     	     (8) all Attributable Indebtedness in respect of Sale and Leaseback
Transactions entered into by such person.

     For purposes hereof, the “maximum fixed repurchase price” of any
Disqualified Capital Stock which does not have a fixed repurchase price shall
be calculated in accordance with the terms of such Disqualified Capital Stock
as if such Disqualified Capital Stock were purchased on any date on which
Indebtedness shall be required to be determined pursuant to this Indenture, and
if such price is based upon, or measured by, the fair market value of such
Disqualified Capital Stock, such fair market value shall he determined
reasonably and in good faith by the Board of Directors of the issuer of such
Disqualified Capital Stock.

     The amount of Indebtedness of any Person at any date shall be the
outstanding balance without duplication at such date of all unconditional
obligations as described above and the maximum liability, upon the occurrence
of the contingency giving rise to the obligation, of any contingent obligations
at such date, provided that the amount outstanding at any
time of any Indebtedness issued with original issue discount is the full amount
of such Indebtedness less the

-16-

remaining unamortized portion of the original issue discount of such
Indebtedness at such time as determined in accordance with GAAP.

     For the avoidance of doubt, neither the Operating Agreement nor the
obligations thereunder shall constitute “Indebtedness” for the purposes of this
Indenture or the Securities.

     “Indenture” means this Indenture as originally
executed or as amended or supplemented from time to time and shall include the
forms and terms of the Securities established as contemplated hereunder.

     “Independent Investment Banker” means Deutsche Banc
Alex. Brown Inc. or J.P. Morgan Securities Inc. (and their successors), or, if
such firm is unwilling or unable to select the applicable Comparable Treasury
Issue, an independent investment banking institution selected by the Company.

     “Indirect Participant” means a person who holds an
interest through a Participant.

     “Initial Dollar Securities” has the meaning ascribed
to it in the second introductory paragraph of this Indenture.

     “Initial Euro Securities” has the meaning ascribed to
it in the second introductory paragraph of this Indenture.

     “Initial Global Securities” means the Regulation S
Global Securities and the Rule 144A Global Securities, each of which contains a
Restricted Securities Legend.

     “Initial Securities” has the meaning ascribed to it in
the second introductory paragraph of this Indenture.

     “interest”, when used in this Indenture, includes
additional interest which may be payable pursuant to a Registration Rights
Agreement.

     “Interest Rate Protection Agreement” means any
interest rate protection agreement, interest rate future agreement, interest
rate option agreement, interest rate swap agreement, interest rate cap
agreement, interest rate collar agreement, interest rate hedge agreement or
other similar agreement or arrangement designed to protect a Person or any
Restricted Subsidiary against fluctuations in interest rates to or under which
such Person or any Restricted Subsidiary of such Person is a party or a
beneficiary on the Issue Date or becomes a party or a beneficiary thereafter.

     “Investment” means, with respect to any Person, all
investments by such Person in other Persons (including Affiliates) in the form
of any direct or indirect advance, loan (other than advances to customers in
the ordinary course of business) or other extension of credit (including by way
of guarantee or similar arrangement, but excluding any debt or extension of
credit represented by a bank deposit other than a time deposit) or capital
contribution to (by means of any transfer of cash or other property to others
or any payment for property or services for the account or use of others), or
any purchase or acquisition of Capital Stock, Indebtedness or other similar
instruments issued by, such Person and all other items that are or would be
classified as

-17-

investments on a balance sheet prepared in accordance with GAAP; 
provided that none of the following will be deemed to be an
Investment:

	     	
	     	     (1) Hedging Obligations entered into in the ordinary course of
business and in compliance with this Indenture;

	     	
	     	     (2) endorsements of negotiable instruments and documents in the
ordinary course of business; and

	     	
	     	     (3) an acquisition of assets, Capital Stock or other securities by
the Company or a Subsidiary for consideration to the extent such
consideration consists of common equity securities of the Company.

     For purposes of Section 3.11 hereof,

	     	
	     	     (1) “Investment” will include the portion (proportionate to the
Company’s equity interest in a Restricted Subsidiary to be designated as
an Unrestricted Subsidiary) of the fair market value of the net assets of
such Restricted Subsidiary of the Company at the time that such
Restricted Subsidiary is designated an Unrestricted Subsidiary; 
provided, however, that upon a
redesignation of such Subsidiary as a Restricted Subsidiary, the Company
will be deemed to continue to have a permanent “Investment” in an
Unrestricted Subsidiary in an amount (if positive) equal to (a) the
Company’s “Investment” in such Subsidiary at the time of such
redesignation less (b) the portion (proportionate to the Company’s equity
interest in such Subsidiary) of the fair market value of the net assets
(as conclusively determined by the Board of Directors of the Company in
good faith) of such Subsidiary at the time that such Subsidiary is so
re-designated a Restricted Subsidiary; and

	     	
	     	     (2) any property transferred to or from an Unrestricted Subsidiary
will be valued at its fair market value at the time of such transfer, in
each case as determined in good faith by the Board of Directors of the
Company. If the Company or any Restricted Subsidiary of the Company
sells or otherwise disposes of any Voting Stock of any Restricted
Subsidiary of the Company such that, after giving effect to any such sale
or disposition, such entity is no longer a Subsidiary of the Company, the
Company shall be deemed to have made an Investment on the date of any
such sale or disposition equal to the fair market value (as conclusively
determined by the Board of Directors of the Company in good faith) of the
Capital Stock of such Subsidiary not sold or disposed of.

     “Investment Grade” means:

	     	
	     	     (1) with respect to S&P, any of the rating categories from and
including AAA to and including BBB-; and

	     	
	     	     (2) with respect to Moody’s, any of the rating categories from and
including Aaa to and including Baa3.

     “Issue Date” means the date of this Indenture.

-18-

     “Lien” means, with respect to any Person, any
mortgage, pledge, lien, encumbrance, easement, restriction, covenant,
right-of-way, charge or adverse claim affecting title or resulting in an
encumbrance against real or personal property of such Person, or a security
interest of any kind, including any conditional sale or other title retention
agreement, any lease in the nature thereof, any option, right of first refusal
or other similar agreement to sell, in each case securing obligations of such
Person and any filing of or agreement to give any financing statement under the
Uniform Commercial Code (or equivalent statute or statutes) of any jurisdiction
but excluding any such filing or agreement which reflects ownership by a third
party of

	     	
	     	     (1) property leased to the referent Person or any of its Restricted
Subsidiaries under a lease that is not in the nature of a conditional
sale or title retention agreement or

	     	
	     	     (2) accounts, general intangibles or chattel paper sold to the
referent Person.

     “Luxembourg Paying Agent” means Banque Générale du
Luxembourg S.A. and any successor Luxembourg Paying Agent.

     “Material Subsidiary” means, at any date of
determination, any Subsidiary of the Company that, together with its
Subsidiaries,

	     	
	     	     (1) for the most recent fiscal year of the Company accounted for
more than 5% of the consolidated revenues of the Company or

	     	
	     	     (2) as of the end of such fiscal year, was the owner of more than 5%
of the consolidated assets of the Company, all as set forth on the most
recently available consolidated financial statements of the Company and
its consolidated Subsidiaries for such fiscal year prepared in conformity
with GAAP.

     “Maturity Date” means August 15, 2011.

     “Moody’s” means Moody’s Investors Service, Inc. and
its successors.

     “Net Available Proceeds” from any Asset Disposition by
any Person means cash or readily marketable Cash Equivalents received
(including by way of sale or discounting of a note, installment receivable or
other receivable, but excluding any other consideration received in the form of
assumption by the acquirer of Indebtedness or other obligations relating to
such properties or assets or received in any other non-cash form) therefrom by
such Person, including any cash received by way of deferred payment or upon the
monetization or other disposition of any non-cash consideration (including
notes or other securities) received in connection with such Asset Disposition,
net of:

	     	
	     	     (1) all legal, title and recording tax expenses, commissions and
other fees and expenses incurred (including, without limitation, fees and
expenses of accountants, brokers, printers and other similar entities)
and all federal, state, foreign and local taxes required to be accrued as
a liability as a consequence of such Asset Disposition;

	     	
	     	     (2) all payments made by such Person or its Restricted Subsidiaries
on any Indebtedness which is secured by such assets in accordance with
the terms of any Lien

-19-

	     	
	     	upon or with respect to such assets or which must by the terms of
such Lien, or in order to obtain a necessary consent to such Asset
Disposition or by applicable law, be repaid out of the proceeds from such
Asset Disposition;

	     	
	     	     (3) all payments made with respect to liabilities associated with
the assets which are the subject of the Asset Disposition, including,
without limitation, trade payables and other accrued liabilities;

	     	
	     	     (4) appropriate amounts to be provided by such Person or any
Restricted Subsidiary thereof, as the case may be, as a reserve in
accordance with GAAP against any liabilities associated with such assets
and retained by such Person or any Restricted Subsidiary thereof, as the
case may be, after such Asset Disposition, including, without limitation,
liabilities under any indemnification obligations and severance and other
employee termination costs associated with such Asset Disposition, until
such time as such amounts are no longer reserved or such reserve is no
longer necessary (at which time any remaining amounts will become Net
Available Proceeds to be allocated in accordance with the provisions of
clause (3) of Section 3.12 hereof; and

	     	
	     	     (5) all distributions and other payments, made to minority interest
holders, if any, in Restricted Subsidiaries of such Person or joint
ventures as a result of such Asset Disposition.

     “Non-U.S. Person” means a person who is not a U.S.
person, as defined in Regulation S under the Securities Act.

     “Offer to Purchase” means a written offer (the
“Offer”) sent by the Company by first class mail, postage
prepaid, to each Holder at its address appearing in the Securities Registers on
the date of the Offer, offering to purchase up to the principal amount of the
Dollar Securities or the Euro Securities, as the case may be, in such Offer at
the purchase price specified in such Offer (as determined pursuant to this
Indenture). Unless otherwise required by applicable law, the Offer shall
specify an expiration date (the “Expiration Date”) of the
Offer to Purchase which shall be not less than 30 days nor more than 60 days
after the date of such Offer and a settlement date (the “Purchase
Date”) for purchase of such Securities within five Business Days
after the Expiration Date. The Company shall notify the Trustee at least 15
Business Days (or such shorter period as is acceptable to such Trustee) prior
to the mailing of the Offer of the Company’s obligation to make an Offer to
Purchase, and the Offer shall be mailed by the Company or, at the Company’s
request, by the Trustee in the name and at the expense of the Company. The
Offer shall contain all the information required by applicable law to be
included therein. The Offer shall contain all instructions and materials
necessary to enable such Holders to tender such Securities pursuant to the
Offer to Purchase. The Offer shall also state:

	     	
	     	     (1) the section of this Indenture pursuant to which the Offer to
Purchase is being made;

	     	
	     	     (2) the Expiration Date and the Purchase Date;

	     	
	     	     (3) the aggregate principal amount of the outstanding Securities
offered to be purchased by the Company pursuant to the Offer to Purchase
(including, if less than

-20-

	     	
	     	100%, the manner by which such amount has been determined pursuant
to the section of this Indenture requiring the Offer to Purchase) (the
“Purchase Amount”);

	     	
	     	     (4) the purchase price to be paid by the Company for each $1,000
aggregate principal amount of Dollar Securities and each  €1,000 aggregate
principal amount of Euro Securities accepted for payment (as specified
pursuant to this Indenture) (the “Purchase Price”);

	     	
	     	     (5) that the Holder may tender all or any portion of the Securities
registered in the name of such Holder and that any portion of a Security
tendered must be tendered in an integral multiple of $1,000 principal
amount in the case of Dollar Securities and in an integral multiple
of  €1,000 principal amount in the case of Euro Securities;

	     	
	     	     (6) the place or places where Securities are to be surrendered for
tender pursuant to the Offer to Purchase;

	     	
	     	     (7) that interest on any Security not tendered or tendered but not
purchased by the Company pursuant to the Offer to Purchase will continue
to accrue;

	     	
	     	     (8) that on the Purchase Date the Purchase Price will become due and
payable upon each Security being accepted for payment pursuant to the
Offer to Purchase and that interest thereon shall cease to accrue on and
after the Purchase Date;

	     	
	     	     (9) that each Holder electing to tender all or any portion of a
Security pursuant to the Offer to Purchase will be required to surrender
such Security at the place or places specified in the Offer prior to the
close of business on the Expiration Date (such Security being, if the
Company or the Trustee so requires, duly endorsed by, or accompanied by a
written instrument of transfer in form satisfactory to the Company and
the Trustee duly executed by the Holder thereof or his attorney duly
authorized in writing);

	     	
	     	     (10) that Holders will be entitled to withdraw all or any portion of
Securities tendered if the Company (or its Paying Agent) receives, not
later than the close of business on the fifth Business Day next preceding
the Expiration Date, a telegram, telex, facsimile transmission or letter
setting forth the name of the Holder, the principal amount of the
Securities the Holder tendered, the certificate number of the Security
the Holder tendered and a statement that such Holder is withdrawing all
or a portion of his tender;

	     	
	     	     (11) that (I) if Securities in an aggregate principal amount less
than or equal to the Purchase Amount are duly tendered and not withdrawn
pursuant to the Offer to Purchase, the Company shall purchase all such
Securities and (II) if Securities in an aggregate principal amount in
excess of the Purchase Amount are tendered and not withdrawn pursuant to
the Offer to Purchase, the Company shall purchase Securities having an
aggregate principal amount equal to the Purchase Amount on a pro rata
basis (with such adjustments as may be deemed appropriate so that only
Dollar Securities in denominations of $1,000 or integral multiples
thereof and Euro Securities in denominations of  €1,000 or integral
multiples thereof shall be purchased); and

-21-

	     	
	     	     (12) that in the case of any Holder whose Security is purchased only
in part, 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 any authorized denomination as requested by
such Holder, in an aggregate principal amount equal to and in exchange
for the unpurchased portion of the Security or Securities so tendered.

     An Offer to Purchase shall be governed by and effected in accordance with
the provisions above pertaining to any Offer.

     “Officer” means the Chairman of the Board, the
President, the Chief Financial Officer, any Executive Vice President, Senior
Vice President or Vice President, the Treasurer, any Assistant Treasurer, the
Controller, the Secretary or any Assistant Secretary.

     “Officer’s Certificate,” when used with respect to the
Company, means a certificate signed by an Officer who must be the Chairman of
the Board, the President, the Chief Financial Officer, any Executive Vice
President, Senior Vice President or Vice President, the Treasurer, any
Assistant Treasurer or the Controller of the Company.

     “Operating Agreement” means the Operating Agreement
dated as of May 23, 1995, between the Company and Dana Credit Corporation, as
amended.

     “Opinion of Counsel” means a written opinion from
legal counsel who is reasonably acceptable to the Trustee. Such counsel may be
an employee of or counsel to the Company.

     “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, or portions thereof, for whose payment or redemption
money or, in the case of Dollar Securities, U.S. Government Obligations,
in the necessary amount has been theretofore deposited with the Trustee
or any Paying Agent (other than the Company) in trust or set aside and
segregated in trust (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 has been
duly given pursuant to this Indenture or provisions therefor satisfactory
to the Trustee have been made;

	     	
	     	     (3) Securities, except to the extent provided in Sections 8.4 and
8.5 hereof, with respect to which the Company has effected defeasance
and/or covenant defeasance as provided in Article VIII hereof; and

	     	
	     	     (4) Securities which have been paid pursuant to Section 2.12 hereof
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

-22-

	     	
	     	principal amount of the Outstanding Securities have given any
request, demand, authorization, direction, notice, consent or waiver
hereunder, or whether sufficient funds are available for redemption or
for any other purpose and for the purpose of making the calculations
required by Section 313 of the Trust Indenture Act, Securities owned by
the Company or any other obligor upon the Securities or any Affiliate of
the Company or of such other obligor shall be disregarded and deemed not
to be Outstanding, except that, in determining whether the Trustee shall
be protected in making such calculation or in relying upon any such
request, demand, authorization, direction, notice, consent or waiver,
only Securities which a Responsible Officer of 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.

     “Participant” means, with respect to DTC, a Person who
has an account with DTC.

     “Paying Agent” has the meaning provided in Section 2.3
hereof, except that, for the purposes of Article Eight, the Paying Agent shall
not be the Company or a Subsidiary of the Company or an Affiliate of any of
them.

     “Permitted Investments” means:

	     	
	     	     (1) Investments in marketable, direct obligations issued or
guaranteed by the United States of America, or any governmental entity or
agency or political subdivision thereof (provided,
that the good faith and credit of the United States of America is pledged
in support thereof), maturing within one year of the date of purchase;

	     	
	     	     (2) Investments in commercial paper issued by corporations or
financial institutions maturing within 180 days from the date of the
original issue thereof, and rated “P-1” or better by Moody’s or “A-1” or
better by S&P or an equivalent rating or better by any other nationally
recognized securities rating agency;

	     	
	     	     (3) Investments in certificates of deposit issued or acceptances
accepted by or guaranteed by any bank or trust company organized under
the laws of the United States of America or any state thereof or the
District of Columbia, in each case having capital, surplus and undivided
profits totaling more than $500,000,000, maturing within one year of the
date of purchase;

	     	
	     	     (4) deposits, including interest-bearing deposits, maintained in the
ordinary course of business in banks;

	     	
	     	     (5) any acquisition of the Capital Stock of any Person; provided, that after giving effect to any such acquisition such
Person shall become a Restricted Subsidiary of the Company;

-23-

	     	
	     	     (6) trade receivables and prepaid expenses, in each case arising in
the ordinary course of business; provided, that such
receivables and prepaid expenses would be recorded as assets of such
Person in accordance with GAAP;

	     	
	     	     (7) endorsements for collection or deposit in the ordinary course of
business by such Person of bank drafts and similar negotiable instruments
of such other Person received as payment for ordinary course of business
trade receivables;

	     	
	     	     (8) any interest swap or hedging obligation with an unaffiliated
Person otherwise permitted by this Indenture (including, without
limitation, any Currency Agreement and any Interest Rate Protection
Agreement otherwise permitted by this Indenture);

	     	
	     	     (9) Investments received as consideration for an Asset Disposition
in compliance with Section 3.12 hereof;

	     	
	     	     (10) Investments for which the sole consideration provided is
Qualified Capital Stock of the Company; provided,
that the issuance of such Qualified Capital Stock is not included in the
calculation set forth in clause (3) of the first paragraph of Section
3.11 hereof;

	     	
	     	     (11) loans and advances to employees made in the ordinary course of
business;

	     	
	     	     (12) Investments outstanding on the Issue Date;

	     	
	     	     (13) Investments in the Company or a Restricted Subsidiary;

	     	
	     	     (14) Investments in securities of trade creditors, suppliers or
customers received pursuant to any plan of reorganization or similar
arrangement upon bankruptcy or insolvency of such trade creditor,
supplier or customer;

	     	
	     	     (15) Investments made by the Company in Dana Credit Corporation
required pursuant to the Operating Agreement;

	     	
	     	     (16) Investments in any Person after the Issue Date in an aggregate
amount not in excess of $150.0 million at any one time outstanding; and

	     	
	     	     (17) Investments in publicly traded equity or publicly traded
Investment Grade debt obligations issued by a corporation (other than the
Company or an affiliate of the Company) organized under the laws of any
State of the United States of America and subject to the reporting
requirements of Section 13 or 15(d) of the Exchange Act in an aggregate
amount not in excess of $10.0 million at any one time outstanding.

     “Permitted Joint Venture” means any Person which is
not a Restricted Subsidiary and which is, directly or indirectly, through its
subsidiaries or otherwise, engaged principally in a Related Business, and the
Capital Stock of which is owned by the Company or its Restricted Subsidiaries,
on the one hand, and one or more Persons other than the Company or any
Affiliate of the Company, on the other hand.

-24-

     “Permitted Liens” mean:

	     	
	     	     (1) Liens for taxes, assessments and governmental charges (other
than any Lien imposed by the Employee Retirement Income Security Act of
1974, as amended) that are not yet delinquent or are being contested in
good faith by appropriate proceedings promptly instituted and diligently
conducted and for which adequate reserves have been established or other
provisions have been made in accordance with generally accepted
accounting principles;
	     
	     	     (2) statutory mechanics’, workmen’s, materialmen’s, operators’ or
similar Liens imposed by law and arising in the ordinary course of
business for sums which are not yet due or are being contested in good
faith by appropriate proceedings promptly instituted and diligently
conducted and for which adequate reserves have been established or other
provisions have been made in accordance with generally accepted
accounting principles;
	     
	     	     (3) minor imperfections of, or encumbrances on, title that do not
impair the value of property for its intended use;
	     
	     	     (4) Liens (other than any Lien under the Employee Retirement Income
Security Act of 1974, as amended) incurred or deposits made in the
ordinary course of business in connection with workers’ compensation,
unemployment insurance and other types of social security;
	     
	     	     (5) Liens incurred or deposits made to secure the performance of
tenders, bids, leases, statutory or regulatory obligations, bankers’
acceptances, surety and appeal bonds, government contracts, performance
and return of money bonds and other obligations of a similar nature
incurred in the ordinary course of business (exclusive of obligations for
the payment of borrowed money);
	     
	     	     (6) easements, rights-of-way, municipal and zoning ordinances and
similar charges, encumbrances, title defects or other irregularities that
do not materially interfere with the ordinary course of business of the
Company or of any of its Restricted Subsidiaries;
	     
	     	     (7) Liens (including extensions and renewals thereof) upon real or
tangible personal property acquired after the Issue Date; 
provided, that

	          	
	     	     (a) such Lien is created solely for the purpose of securing
Indebtedness that is incurred in accordance with this Indenture to
finance the cost (including the cost of improvement or
construction) of the item of property or assets subject thereto and
such Lien is created prior to, at the time of or within 180 days
after the later of the acquisition, the completion of construction
or the commencement of full operation of such property,
	     
	     	     (b) the principal amount of the Indebtedness secured by such
Lien does not exceed 100% of such cost and

-25-

	          	
	     	     (c) any such Lien shall not extend to or cover any property or
assets of the Company or of any Restricted Subsidiary of the
Company other than such item of property or assets and any
improvements on such item;

	     	
	     	     (8) leases or subleases granted to others that do not materially
interfere with the ordinary course of business of the Company or of any
Restricted Subsidiary of the Company;
	     
	     	     (9) any interest or title of a lessor in the property subject to any
Capitalized Lease Obligation, provided that any
transaction related thereto otherwise complies with this Indenture;
	     
	     	     (10) Liens arising from filing Uniform Commercial Code financing
statements regarding leases;
	     
	     	     (11) Liens arising from the rendering of a final judgment or order
against the Company or any Restricted Subsidiary of the Company that does
not give rise to an Event of Default;
	     
	     	     (12) Liens securing reimbursement obligations with respect to
letters of credit incurred in accordance with this Indenture that
encumber documents and other property relating to such letters of credit
and the products and proceeds thereof;
	     
	     	     (13) Liens in favor of the Trustee arising under this Indenture;
	     
	     	     (14) any lien existing on property, shares of stock or Indebtedness
of a Person at the time such Person becomes a Restricted Subsidiary of
the Company or is merged with or consolidated into the Company or a
Restricted Subsidiary of the Company or at the time of sale, lease or
other disposition of the properties of any Person as an entirety or
substantially as an entirety to the Company or any Restricted Subsidiary
of the Company;
	     
	     	     (15) Liens on property of any Subsidiary of the Company to secure
Indebtedness for borrowed money owed to the Company or to another
Restricted Subsidiary of the Company;
	     
	     	     (16) Liens in favor of the Company or any Restricted Subsidiary;
	     
	     	     (17) Liens existing on the Issue Date;
	     
	     	     (18) Liens in favor of custom and revenue authorities arising as a
matter of law to secure payment of nondelinquent customs duties in
connection with the importation of goods;
	     
	     	     (19) Liens encumbering customary initial deposits and margin
deposits, and other Liens incurred in the ordinary course of business
that are within the general parameters customary in the industry, in each
case securing Indebtedness under an Interest Rate Protection Agreement;

-26-

	     	
	     	     (20) Liens encumbering deposits made in the ordinary course of
business to secure nondelinquent obligations arising from statutory,
regulatory, contractual or warranty requirements of the Company or its
Restricted Subsidiaries for which a reserve or other appropriate
provision, if any, as shall be required by GAAP shall have been made;

	     	
	     	     (21) Liens arising out of consignment or similar arrangements for
the sale of goods entered into by the Company or any Restricted
Subsidiary in the ordinary course of business in accordance with industry
practice;
	     
	     	     (22) Liens securing Indebtedness which is incurred to refinance
Indebtedness which had been secured by a Lien or Liens permitted under
Section 3.9 hereof and which is incurred in accordance with the
provisions of Section 3.10 hereof; provided that such
Liens do not extend to or cover any property or assets of the Company or
any of its Restricted Subsidiaries not securing the Indebtedness so
refinanced;
	     
	     	     (23) Liens securing the Receivables Facility;
	     
	     	     (24) Liens granted in connection with any Qualified Securitization
Transaction;
	     
	     	     (25) Liens securing Indebtedness incurred by Restricted Subsidiaries
incurred in accordance with the provisions of Section 3.10 hereof; and
	     
	     	     (26) in addition to the items referred to in clauses (1) through
(25) above, Liens of the Company and its Restricted Subsidiaries in an
aggregate amount which, when taken together with the aggregate amount of
all other Liens incurred pursuant to this clause (26) and then
outstanding, will not exceed 5% of Consolidated Tangible Assets.

     “Permitted Secured Debt” means (1) Secured Debt
existing at the date of this Indenture; (2) liens on real or personal property
acquired, constructed or improved by the Company or a Restricted Subsidiary
after the date of this Indenture which are created contemporaneously with, or
within 12 months after, the acquisition, construction or improvement to secure
all or any part of the purchase price of such property or the cost of such
construction or improvement; (3) mortgages on property of the Company or a
Restricted Subsidiary created within 12 months of the completion of
construction or improvement of any new plant(s) on such property to secure the
cost of such construction or improvement; (4) liens on property existing at the
time the property was acquired by the Company or any Restricted Subsidiary; (5)
liens on the outstanding shares or indebtedness of a corporation existing at
the time such corporation becomes a Subsidiary; (6) liens on stock (except
stock of Subsidiaries) acquired after the date of this Indenture if the
aggregate cost thereof does not exceed 15% of Consolidated Net Tangible Assets;
(7) liens securing indebtedness of a successor corporation to the Company to
the extent permitted by this Indenture; (8) liens securing indebtedness of a
Restricted Subsidiary at the time it became such; (9) liens securing
indebtedness of any entity outstanding at the time it merged with, or
substantially all of its properties were acquired by, the Company or any
Restricted Subsidiary; (10) liens created, incurred or assumed in connection
with an industrial revenue bond, pollution control bond or similar financing
arrangement between the Company or any Restricted Subsidiary and any federal,
state or municipal government or other governmental

-27-

body or quasi-governmental agency; (11) liens in connection with
government or other contracts to secure progress or advance payments; (12)
liens in connection with taxes or legal proceedings to the extent such taxes or
legal proceedings are being contested or appealed in good faith or are incurred
for the purpose of obtaining a stay or discharge in the course of such
proceedings; (13) liens consisting of mechanics’ or materialmen’s or similar
liens incurred in the ordinary course of business and easements, rights of way,
zoning restrictions, restrictions on the use of real property and defects and
irregularities in title thereto; (14) liens made in connection with or to
secure payment of workers’ compensation, unemployment insurance, or social
security obligations; (15) liens in connection with the Sale and Leaseback
Transactions which are not subject to the limitations set forth in Section 3.13
hereof; (16) mortgages to secure debt of a Restricted Subsidiary to the Company
or to another Restricted Subsidiary; (17) extensions, renewals or replacements
of the foregoing permitted liens to the extent of the original amounts thereof;
and (18) Secured Debt of the Company and its Restricted Subsidiaries not
otherwise permitted or excepted if the sum of such Secured Debt plus the
aggregate value of Sale and Leaseback Transactions subject to the limitations
set forth in Section 3.13(b) hereof, does not exceed 15% of the Consolidated
Net Tangible Assets.

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

     “Place of Payment,” when used with respect to the
Securities, means the place or places where the principal of, premium, if any,
and interest, if any, and any other payments on such Securities are payable as
specified as contemplated by Section 2.3 hereof.

     “Plan of Liquidation” means, with respect to any
Person, a plan (including by operation of law) that provides for, contemplates
or the effectuation of which is preceded or accompanied by (whether or not
substantially contemporaneously):

	     	
	     	     (1) the sale, lease, conveyance or other disposition of all or
substantially all of the assets of the referent Person; and

	     	
	     	     (2) the distribution of all or substantially all of the proceeds of
such sale, lease, conveyance or other disposition and all or
substantially all of the remaining assets of the referent Person to
holders of Capital Stock of the referent Person.

     “Preferred Stock” means, as applied to the Capital
Stock of any Person, the Capital Stock of such Person (other than the Common
Stock of such Person) of any class or classes (however designated) that ranks
prior, as to the payment of dividends or as to the distribution of assets upon
any voluntary or involuntary liquidation, dissolution or winding-up of such
Person, to shares of Capital Stock of any other class of such Person.

     “Principal Property” means any real property
(including building and other improvements) of the Company or any Restricted
Subsidiary, owned currently or hereafter acquired (other than any pollution
control facility, cogeneration facility or small power production facility)
which has a book value in excess of 2% of Consolidated Net Tangible Assets.

-28-

     “Qualified Capital Stock” means, with respect to any
Person, any Capital Stock of such Person that is not Disqualified Capital Stock
or convertible into or exchangeable or exercisable for Disqualified Capital
Stock.

     “Qualified Securitization Transaction” means any
transaction or series of transactions that have been or may be entered into by
any of the Restricted Subsidiaries of the Company in connection with or
reasonably related to a transaction or series of transactions in which any of
the Restricted Subsidiaries of the Company may sell, convey or otherwise
transfer to

	     	
	     	     (1) a Securitization Subsidiary or

	     	
	     	     (2) any other Person, or may grant a security interest in, any
equipment and related assets (including contract rights) or Receivables
or interests therein secured by the goods or services financed thereby
(whether such Receivables are then existing or arising in the future) of
any of the Restricted Subsidiaries of the Company, and any assets related
thereto including, without limitation, all security or ownership
interests in goods or services financed thereby, the proceeds of such
Receivables, and other assets which are customarily sold or in respect of
which security interests are customarily granted in connection with
securitization transactions involving such assets.

     “QIB” means any “qualified institutional buyer”, as
defined in Rule 144A under the Securities Act.

     “Quotation Agent” means a Reference Treasury Dealer.

     “Rating Agency” means each of (1) S&P and (2) Moody’s.

     “Receivables” means any right of payment from or on
behalf of any obligor, whether constituting an account, chattel paper,
instrument, general intangible or otherwise, arising from the financing by any
Restricted Subsidiary of the Company of goods or services, and monies due
thereunder, security or ownership interests in the goods and services financed
thereby, records related thereto, and the right to payment of any interest or
finance charges and other obligations with respect thereto, proceeds from
claims on insurance policies related thereto, any other proceeds related
thereto, and any other related rights.

     “Receivables Facility” means the Receivables Purchase
Agreement dated as of March 29, 2001, among Dana Asset Funding LLC, as the
Seller, Corporate Receivables Corporation, Twin Towers Inc., Falcon Asset
Securitization Corporation and Park Avenue Receivables Corporation, as
Investors, Citibank, N.A., Deutsche Bank AG, New York Branch, Bank One, NA
(Main Office Chicago) and The Chase Manhattan Bank, as Banks, Citicorp North
America, Inc., as Program Agent, Deutsche Bank AG, New York Branch, as
Administrative Agent, Citicorp North America, Inc., Deutsche Bank AG, New York
Branch, Bank One, NA (Main Office Chicago) and The Chase Manhattan Bank, as
Investor Agents, the Company, as Collection Agent and an Originator and certain
subsidiaries of the Company parties thereto, as Originators; the Purchase and
Contribution Agreement, dated as of March 29, 2001, among the Company and
certain of its subsidiaries parties thereto, as Sellers, and Dana Asset Funding
LLC, as Purchaser; the Originator Purchase Agreement Performance Guaranty dated
as of March 29, 2001, by the Company in favor of Dana Asset Funding LLC; the
Seller Purchase Agreement Performance

-29-

Guaranty dated as of March 29, 2001, made by the Company in favor of
Citibank North America, Inc., as Program Agent; and related agreements and
instruments, each as amended to the Issue Date and as such agreements and
instruments may from time to time thereafter be amended, restated,
supplemented, or otherwise modified, including any refinancing, refunding,
replacement or extension thereof, whether by the same or any other group of
parties.

     “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, in whole or in part, means the price at which it is to
be redeemed pursuant to this Indenture.

     “Reference Treasury Dealer” means Deutsche Banc Alex.
Brown Inc. or J.P. Morgan Securities Inc. and their successors and three other
primary U.S. Government securities dealers in New York City (each, a “Primary Treasury Dealer”) appointed by the Company; 
provided, however, that if any of the foregoing
shall cease to be a Primary Treasury Dealer, the Company will appoint in its
place another nationally recognized investment banking firm as a Primary
Treasury Dealer.

     “Registration Rights Agreement” means the Registration
Rights Agreement, dated August 1, 2001, as amended from time to time, between
Deutsche Banc Alex. Brown Inc., J.P. Morgan Securities Inc., Banc of America
Securities LLC, BNP Paribas Securities Corp., BNY Capital Markets, Inc.
Comerica Securities, Inc., Credit Suisse First Boston Corporation, First Union
Securities, Inc., HSBC Securities (USA) Inc., McDonald Investments Inc.,
Salomon Smith Barney Inc., TD Securities (USA) Inc. and UBS Warburg LLC, as
initial purchasers, and the Company, and with respect to any Additional
Securities, one or more substantially similar registration rights agreements as
may be entered into between the Company and the other parties thereto, as such
agreement(s) may be amended from time to time.

     “Related Business” means any business which is the
same as or related, ancillary or complementary to any of the businesses of the
Company and its Subsidiaries on the date of this Indenture.

     “Related Business Assets” means assets used or useful
in a Related Business.

     “Remaining Scheduled Payments” means, with respect to
each Security to be redeemed, the remaining scheduled payments of the principal
thereof and interest thereon that would be due after the related Redemption
Date if such Security were not redeemed. However, if such Redemption Date is
not an interest payment date with respect to such Security, the amount of the
next succeeding scheduled interest payment thereon will be reduced by the
amount of interest accrued thereon to such Redemption Date.

     “Responsible Officer,” when used with respect to the
Trustee, shall mean any officer within the corporate trust department of the
Trustee, including any vice president, any assistant vice president, any trust
officer, or any other officer of the Trustee customarily performing functions
similar to those performed by the persons who at the time shall be such
officers, respectively, or to whom any corporate trust matter is referred
because of such officer’s

-30-

knowledge of and familiarity with a particular subject and who shall have
direct responsibility for the administration of this Indenture.

     “Restricted Securities Legend” means the legend set
forth in clause (A) of Section 2.1(c) hereof.

     “Restricted Subsidiary” means any Subsidiary of the
Company that is not an Unrestricted Subsidiary.

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

     “Secured Debt” means indebtedness (other than
indebtedness among the Company and Restricted Subsidiaries) for money borrowed,
or other indebtedness on which interest is paid or payable, which is secured by
(1) a Lien on any Principal Property of the Company or a Restricted Subsidiary
or on the stock or indebtedness of a Restricted Subsidiary, or (2) any
guarantee of indebtedness of the Company by a Restricted Subsidiary.

     “Securities” has the meaning ascribed to it in the
second introductory paragraph of this Indenture.

     “Securities Act” means the Securities Act of 1933, as
amended.

     “Securitization Subsidiary” means a Subsidiary of the
Company which engages in no activities other than those reasonably related to
or in connection with the entering into of securitization transactions and
which is designated by the Board of Directors of the Company (as provided
below) as a Securitization Subsidiary:

	     	
	     	     (1) no portion of the Indebtedness or any other obligations
(contingent or otherwise) of which

	          	
	     	     (a) is guaranteed by the Company or any Restricted Subsidiary
of the Company,
	     
	     	     (b) is recourse to or obligates the Company or any Restricted
Subsidiary of the Company in any way other than pursuant to
representations, warranties and covenants (including those related
to servicing) entered into in the ordinary course of business in
connection with a Qualified Securitization Transaction or
	     
	     	     (c) subjects any property or asset of the Company or any
Restricted Subsidiary of the Company (other than those of a
Securitization Subsidiary), directly or indirectly, continently or
otherwise, to any Lien or to the satisfaction thereof, other than
pursuant to representations, warranties and covenants (including
those related to servicing) entered into in the ordinary course of
business in connection with a Qualified Securitization Transaction;

-31-

	     	
	     	     (2) with which neither the Company nor any Restricted Subsidiary of
the Company

	          	
	     	     (a) provides any credit support or

	          	
	     	     (b) has any contract, agreement, arrangement or understanding
other than on terms that are fair and reasonable and that are no
less favorable to the Company or such Restricted Subsidiary than
could be obtained from an unrelated Person (other than, in the case
of subclauses (a) and (b) of this clause (2), representations,
warranties and covenants (including those relating to servicing)
entered into in the ordinary course of business in connection with
a Qualified Securitization Transaction and intercompany notes
relating to the sale of Receivables to such Securitization
Subsidiary); and

	     	
	     	     (3) with which neither the Company nor any Restricted Subsidiary of
the Company has any obligation to maintain or preserve such Subsidiary’s
financial condition or to cause such Subsidiary to achieve certain levels
of operating results. Any such designation by the Board of Directors of
the Company shall be evidenced to the Trustee by filing with the Trustee
a certified copy of the resolutions of the Board of Directors of the
Company giving effect to such designation.

     “Security Registers” means the Dollar Security
Register and the Euro Security Register.

     “Shelf Registration Statement” shall have the meaning
set forth in the Registration Rights Agreement.

     “Stated Maturity” means, with respect to any security
or Indebtedness of a Person, the date specified therein as the fixed date on
which any principal of such security or Indebtedness is due and payable,
including pursuant to any mandatory redemption provision (but excluding any
provision providing for the repurchase thereof at the option of the holder
thereof).

     “Subsidiary” of any Person means

	     	
	     	     (1) a corporation a majority of whose Voting Stock is at the time,
directly or indirectly, owned by such Person, by one or more Restricted
Subsidiaries of such Person or by such Person and one or more Restricted
Subsidiaries of such Person or

	     	
	     	     (2) any other Person in which such Person, a Restricted Subsidiary
of such Person or such Person and one or more Restricted Subsidiaries of
such Person, directly or indirectly, at the date of determination
thereof, have at least a majority ownership interest.

     “TIA” or “Trust Indenture Act”
means the Trust Indenture Act of 1939 as in effect on the date of this
Indenture, except as provided in Section 9.3 hereof.

     “Treasury Rate” means, with respect to any redemption
date for the Dollar Securities,

-32-

	     	
	     	     (1) the yield, under the heading which represents the average for
the immediately preceding week, appearing in the most recently published
statistical release designated “H.15(519)” or any successor publication
which is published weekly by the Board of Governors of the Federal
Reserve System and which establishes yields on actively traded United
States Treasury securities adjusted to constant maturity under the
caption “Treasury Constant Maturities,” for the maturity corresponding to
the Comparable Treasury Issue, if no maturity is within three months
before or after the maturity date for the Securities yields for the two
published maturities most closely corresponding to the Comparable
Treasury Issue shall be determined and the Treasury Rate shall be
interpolated or extrapolated from such yields on a straight line basis,
rounding to the nearest month, or
	     
	     	     (2) if such release, or any successor release, is not published
during the week preceding the calculation date or does not contain such
yields, the rate per annum equal to the semi-annual equivalent yield to
maturity of the Comparable Treasury Issue, calculated using a price for
the Comparable Treasury Issue, expressed as a percentage of its principal
amount, equal to the Comparable Treasury Price for such redemption date.

     “Trustee” means the party named as such in the first
paragraph of this Indenture until a successor Trustee replaces it pursuant to
the applicable provisions of this Indenture, and thereafter means such
successor Trustee.

     “U.S. Government Obligations” means securities which
are (i) direct obligations of the United States, for the payment of which its
full faith and credit is pledged or (ii) obligations of a Person controlled or
supervised by and acting as an agency or instrumentality of the United States,
the payment of which is unconditionally guaranteed as a full faith and credit
obligation by the United States, which are not callable or redeemable at the
option of the issuer thereof, and shall also include a depositary receipt
issued by a bank or trust company as custodian with respect to any such U.S.
Government Obligation or a specific payment of interest on or principal of any
such U.S. Government Obligation held by such custodian for the account of the
holder of a depositary receipt, provided that (except as
required by law) such custodian is not authorized to make any deduction from
the amount payable to the holder of such depositary receipt from any amount
received by the custodian in respect of the U.S. Government Obligation
evidenced by such depositary receipt.

     “U.S. Paying Agent” means Citibank, N.A. and any
successor U.S. Paying Agent.

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

     “Unrestricted Global Securities” means one or more
Global Securities that do not and are not required to be bear the Restricted
Securities Legend.

     “Unrestricted Securities” means the Securities that do
not and are not required to bear the Restricted Securities Legend.

     “Unrestricted Subsidiary” means:

-33-

	     	
	     	     (1) each of Dana Credit Corporation, Diamond Financial Holdings,
Inc., Dana Commercial Credit (UK) Limited, DCC Leasing GmbH and Shannon
Properties Gmbh and their respective Subsidiaries until such time as it
is designated a Restricted Subsidiary pursuant to the second succeeding
sentence;
	     
	     	     (2) any Subsidiary of the Company that at the time of determination
shall be designated an Unrestricted Subsidiary by the Board of Directors
of the Company in the manner provided below; and
	     
	     	     (3) any Subsidiary of an Unrestricted Subsidiary.

     The Board of Directors of the Company may designate any Subsidiary of the
Company (including any newly acquired or newly formed Subsidiary) to be an
Unrestricted Subsidiary unless such Subsidiary or any of its Subsidiaries owns
any Capital Stock of, or holds any Lien on any property of, the Company or any
other Restricted Subsidiary of the Company; provided, that
either

	     	
	     	     (1) the Subsidiary to be so designated has total assets of $1,000 or
less or

	     	
	     	     (2) if such Subsidiary has assets greater than $1,000, such
designation would be permitted under Section 3.11 hereof to the extent
then applicable.

     The Board of Directors of the Company may designate any Unrestricted
Subsidiary to be a Restricted Subsidiary; provided, that
immediately after giving effect to such designation (a) if such Unrestricted
Subsidiary at such time has Indebtedness, the Company could incur $1.00 of
additional Indebtedness under clause (1) of Section 3.10 hereof and (b) no
Default shall have occurred and be continuing. Any such designation by the
Board of Directors of the Company shall be evidenced by the Company to the
Trustee by promptly filing with the Trustee a copy of the Board Resolution
giving effect to such designation and an Officer’s Certificate certifying that
such designation complied with the foregoing provisions.

     “Voting Stock” means, with respect to any Person,
securities of any class or classes of Capital Stock in such Person entitling
the holders thereof (whether at all times or only so long as no senior class of
stock has voting power by reason of any contingency) to vote in the election of
members of the Board of Directors or other governing body of such Person.

     SECTION 1.2. Other Definitions

	 	 	 	 	 
	Term	 	Defined in Section
	
	 	

	“Additional Amounts”
	 	 	3.17	 
	
	
	
	

	“Affiliate Transaction”
	 	 	3.15	 
	
	
	
	

	“Asset Sale Offer Trigger Date”
	 	 	3.12	 
	
	
	
	

	“Bankruptcy Law”
	 	 	6.1	 
	
	
	
	

	“Benefitted Party”
	 	 	10.1	(c)(i)
	
	
	
	

	“Change of Control Offer”
	 	 	5.9	 
	
	
	
	

	“Change of Control Payment”
	 	 	5.9	 
	
	
	
	

	“Change of Control Payment Date”
	 	 	5.9	 

-34-

	 	 	 	 	 
	Term	 	Defined in Section
	
	 	

	
	
	
	

	“Comparable Treasury Dealer Quotations”
	 	 	5.8	 
	
	
	
	

	“Covenant Defeasance”
	 	 	8.5	 
	
	
	
	

	“Custodian”
	 	 	6.1	 
	
	
	
	

	“Defaulted Interest”
	 	 	2.12	 
	
	
	
	

	“Defeasance”
	 	 	8.4	 
	
	
	
	

	“Definitive Securities”
	 	 	2.1	(a)
	
	
	
	

	“Exchange Global Security”
	 	 	2.1	(a)
	
	
	
	

	“Global Securities”
	 	 	2.1	(a)
	
	
	
	

	“IAI Certificate”
	 	 	2.7	 
	
	
	
	

	“IAI Definitive Securities”
	 	 	2.1	(a)
	
	
	
	

	“IAIs”
	 	 	2.1	(a)
	
	
	
	

	“Initial Purchasers”
	 	 	2.1	(a)
	
	
	
	

	“IAI Security”
	 	 	2.1	(a)
	
	
	
	

	“Institutional Accredited Investor Global Security”
	 	 	2.1	(a)
	
	
	
	

	“Investment Grade Rating Event”
	 	 	3.1	 
	
	
	
	

	“Legal Holiday”
	 	 	11.8	 
	
	
	
	

	“Owner”
	 	 	3.17	 
	
	
	
	

	“Registrar”
	 	 	2.3	 
	
	
	
	

	“Regulation S”
	 	 	2.1	(a)
	
	
	
	

	“Regulation S Certificate”
	 	 	2.8	 
	
	
	
	

	“Regulation S Definitive Securities”
	 	 	2.1	(a)
	
	
	
	

	“Regulation S Global Security”
	 	 	2.1	(a)
	
	
	
	

	“Regulation S Security”
	 	 	2.1	(a)
	
	
	
	

	“Regulation S Global Security”
	 	 	2.1	(a)
	
	
	
	

	“Resale Restriction Termination Date”
	 	 	2.1	(c)
	
	
	
	

	“Restricted Payment”
	 	 	3.11	(a)
	
	
	
	

	“Rule 144A”
	 	 	2.1	(a)
	
	
	
	

	“Rule 144A Definitive Securities”
	 	 	2.1	(a)
	
	
	
	

	“Rule 144A Global Security”
	 	 	2.1	(a)
	
	
	
	

	“Rule 144A Security”
	 	 	2.1	(a)
	
	
	
	

	“Sale and Leaseback Transaction”
	 	 	3.13	 
	
	
	
	

	“Special Record Date”
	 	 	2.12	(a)
	
	
	
	

	“Standard No. 76”
	 	 	8.8	 
	
	
	
	

	“Subsidiary Guarantee”
	 	 	3.16	(a)
	
	
	
	

	“Subsidiary Guarantor”
	 	 	3.16	(a)
	
	
	
	

	“United States Alien”
	 	 	3.17	 
	
	
	
	

	“United States Taxes”
	 	 	3.17	 
	
	
	
	

	“Unutilized Net Available Proceeds”
	 	 	3.12	 

     SECTION 1.3.
Incorporation by Reference of Trust Indenture Act. This
Indenture is subject to the mandatory provisions of the TIA which are
incorporated by reference in and made a part of this Indenture. The following
TIA terms have the following meanings:

     “indenture securities” means the Securities.

     “indenture security holder” means a Securityholder.

-35-

     “indenture to be qualified” means this Indenture.

     “indenture trustee” or “institutional trustee” means the Trustee.

     “obligor” on the indenture securities means the Company and any other
obligor on the indenture securities.

     All other TIA terms used in this Indenture that are defined by the TIA,
defined in the TIA by reference to another statute or defined by the Commission
rules have the meanings assigned to them by such definitions.

     SECTION 1.4. Rules of Construction. For all purposes of this Indenture,
except as otherwise expressly provided or unless the context otherwise
requires:

          (a) a term has the meaning assigned to it;

          (b) an accounting term not otherwise defined has the meaning assigned to
it in accordance with GAAP;

          (c) “or” is not exclusive;

          (d) “including” means including without limitation;

          (e) words in the singular include the plural and words in the plural
include the singular; and

          (f) 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.

ARTICLE II

THE SECURITIES

     SECTION 2.1. Form, Dating and Terms

          (a) The Initial Securities are being offered and sold by the Company
pursuant to a Purchase Agreement, dated August 1, 2001, between Deutsche Banc
Alex. Brown Inc., J.P. Morgan Securities Inc., Banc of America Securities LLC,
BNP Paribas Securities Corp., BNY Capital Markets, Inc., Comerica Securities,
Inc., Credit Suisse First Boston Corporation, First Union Securities, Inc.,
HSBC Securities (USA) Inc., McDonald Investments Inc., Salomon Smith Barney
Inc., TD Securities (USA) Inc. and UBS Warburg LLC, as initial purchasers
(collectively, the “Initial Purchasers”) and the Company.
The Initial Dollar Securities issued on the date hereof will be in an aggregate
principal amount of $575,000,000 and the Initial Euro Securities issued on the
date hereof will be in an aggregate principal amount of €200,000,000. In
addition, the Company may issue, from time to time in accordance with the
provisions of this

-36-

Indenture, Additional Dollar Securities and Additional Euro Securities.
The Initial Securities and Additional Securities will be resold initially only
to (A) QIBs in reliance on Rule 144A under the Securities Act (“Rule
144A”) and (B) Non-U.S. Persons in reliance on Regulation S under the
Securities Act (“Regulation S”). Such Initial Securities
and Additional Securities may thereafter be transferred to, among others, QIBs,
Non-U.S. Persons and institutional “accredited investors” (as defined in Rules
501(a)(1), (2), (3) and (7) under the Securities Act who are not QIBs
(“IAIs”)) in accordance with the procedures set forth
herein.

     Initial Securities and Additional Securities offered and sold to QIBs in
the United States in reliance on Rule 144A (each, a “Rule 144A
Security”) will be issued in the form of a global Security, without
interest coupons, substantially in the form of Exhibit A
hereto, which is hereby incorporated by reference and made a part of this
Indenture, including appropriate legends as set forth in Section
2.1(c) hereof (a “Rule 144A Global Security”),
deposited with DTC (or to or for the benefit of its nominee), in the case of
Initial Dollar Securities or Additional Dollar Securities, or with the Common
Depositary, in the case of Initial Euro Securities or Additional Euro
Securities, duly executed by the Company and authenticated by the Trustee as
hereinafter provided. The Rule 144A Global Securities representing the Initial
Dollar Securities, Additional Dollar Securities, Initial Euro Securities or
Additional Euro Securities may be represented by more than one certificate, if
so required by DTC’s or the Common Depositary’s rules regarding the maximum
principal amount to be represented by a single certificate. The aggregate
principal amount of the Rule 144A Global Security may from time to time be
increased or decreased by adjustments made on the records of DTC and the Common
Depositary as hereinafter provided.

     Initial Securities and Additional Securities offered and sold outside the
United States in reliance on Regulation S (each, a “Regulation S
Security”) will be issued in the form of a global Security, without
interest coupons, substantially in the form set forth in Exhibit A hereto,
including appropriate legends as set forth in Section 2.1(c) hereof (a
“Regulation S Global Security”), deposited with DTC (or to
or for the benefit of its nominee), in the case of Initial Dollar Securities or
Additional Dollar Securities, or with the Common Depositary, in the case of
Initial Euro Securities or Additional Euro Securities, duly executed by the
Company and authenticated by the Trustee as hereinafter provided. The
Regulation S Global Securities representing the Initial Dollar Securities,
Additional Dollar Securities, Initial Euro Securities or Additional Euro
Securities may be represented by more than one certificate, if so required by
the Depositaries’ rules regarding the maximum principal amount to be
represented by a single certificate. The aggregate principal amount of the
Regulation S Global Security may from time to time be increased or decreased by
adjustments made on the records of respective Depositaries as hereinafter
provided.

     Securities that may be resold to IAIs in the United States (each, an
“IAI Security”), will be issued in the form of definitive
fully registered Securities, without interest coupons, substantially in the
form set forth in Exhibit A hereto, including appropriate legends as set forth
in Section 2.1(c) hereof, duly executed by the Company and authenticated by the
Trustee as hereinafter provided and delivered to the respective IAIs.

     Exchange Securities exchanged for interests in the Rule 144A Security, the
Regulation S Security and the IAI Security, if any, will be issued in the form
of a permanent global Security substantially in the form of Exhibit B hereto,
which is hereby incorporated by reference and

-37-

made a part of this Indenture, deposited with DTC (or to or for the
benefit of its nominee), in the case of Exchange Dollar Securities, or the
Common Depositary, in the case of Exchange Euro Securities, as hereinafter
provided, including the appropriate legend set forth in Section 2.1(c) hereof
each, an “Exchange Global Security”). The Exchange Global
Securities may be represented by more than one certificate, if so required by
the Depositaries’ rules regarding the maximum principal amount to be
represented by a single certificate. The aggregate amount of the Exchange
Global Security may from time to time be increased or decreased by adjustments
made on the records of the respective Depositaries as hereinafter provided.

     Each Rule 144A Global Security, each Regulation S Global Security and each
Exchange Global Security are sometimes collectively herein referred to as the
“Global Securities.”

     Securities issued pursuant to Section 2.1(d)(vii) hereof in exchange for
or upon transfer of beneficial interests in a Global Security may be in the
form of permanent certificated Securities, without interest coupons, in
substantially the form set forth in Exhibit A or Exhibit B, as appropriate,
including appropriate legends set forth in Section 2.1(c) hereof (the
“Definitive Securities”). Definitive Securities issued in
exchange for beneficial interests in the Rule 144A Global Security as
hereinafter referred to as “Rule 144A Definitive
Securities.” Definitive Securities issued in exchange for beneficial
interests in the Regulation S Global Security are hereinafter referred to as
“Regulation S Definitive Securities.” Definitive
Securities issued to IAIs are hereinafter referred to as “IAI
Definitive Securities.”

     The Securities may have notations, legends or endorsements required by
law, stock exchange rule or usage, in addition to those set forth on Exhibits A
and B hereto and in Section 2.1(c) hereof. The Company and the Trustee shall
approve the forms of the Securities and any notation, endorsement or legend on
them. Each Security shall be dated the date of its authentication. The terms
of the Securities set forth in Exhibits A and B hereto are part of the terms of
this Indenture and, to the extent applicable, the Company and the Trustee, by
their execution and delivery of this Indenture, expressly agree to be bound by
such terms.

          (b) Denominations. The Securities shall be issuable
only in fully registered form, without interest coupons, and in denominations
of $1,000 and integral multiples of $1,000 in excess thereof, in the case of
Dollar Securities, or in denominations of €1,000 and integral multiples of
€1,000 in excess thereof, in the case of Euro Securities.

          (c) Restrictive Legends. Unless and until (i) an
Initial Security or an Additional Security is sold under an effective
registration statement or (ii) an Initial Security or an Additional Security is
exchanged for an Exchange Security in connection with an effective registration
statement, in each case pursuant to a Registration Rights Agreement or a
similar agreement,

          (A) each Rule 144A Global Security, each Regulation S Global Security and
each IAI Security shall bear the following legend (the “Restricted
Securities Legend”) on the face thereof:

	     	
	     	“THIS SECURITY HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF
1933, AS AMENDED (THE “SECURITIES ACT”), OR

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	     	THE SECURITIES LAWS OF ANY STATE OR OTHER JURISDICTION. NEITHER
THIS SECURITY NOR ANY INTEREST OR PARTICIPATION HEREIN MAY BE
REOFFERED, SOLD, ASSIGNED, TRANSFERRED, PLEDGED, ENCUMBERED OR
OTHERWISE DISPOSED OF IN THE ABSENCE OF SUCH REGISTRATION UNLESS
SUCH TRANSACTION IS EXEMPT FROM, OR NOT SUBJECT TO, SUCH
REGISTRATION. THE HOLDER OF THIS SECURITY BY ITS ACCEPTANCE
HEREOF AGREES, ON ITS OWN BEHALF AND ON BEHALF OF ANY INVESTOR
ACCOUNT FOR WHICH IT HAS PURCHASED SECURITIES, TO OFFER, SELL OR
OTHERWISE TRANSFER SUCH SECURITY, PRIOR TO THE DATE (THE “RESALE
RESTRICTION TERMINATION DATE”) THAT IS TWO YEARS AFTER THE LATER
OF THE ORIGINAL ISSUE DATE HEREOF AND THE LAST DATE ON WHICH THE
ISSUER OR ANY AFFILIATE OF THE ISSUER WAS THE OWNER OF THIS
SECURITY (OR ANY PREDECESSOR OF SUCH SECURITY), ONLY (A) TO THE
ISSUER, (B) PURSUANT TO A REGISTRATION STATEMENT THAT HAS BEEN
DECLARED EFFECTIVE UNDER THE SECURITIES ACT, (C) FOR SO LONG AS
THE SECURITIES ARE ELIGIBLE FOR RESALE PURSUANT TO RULE 144A UNDER
THE SECURITIES ACT, TO A PERSON IT REASONABLY BELIEVES IS A
“QUALIFIED INSTITUTIONAL BUYER” AS DEFINED IN RULE 144A UNDER THE
SECURITIES ACT THAT PURCHASES FOR ITS OWN ACCOUNT OR FOR THE
ACCOUNT OF A QUALIFIED INSTITUTIONAL BUYER TO WHOM NOTICE IS GIVEN
THAT THE TRANSFER IS BEING MADE IN RELIANCE ON RULE 144A, (D)
PURSUANT TO OFFERS AND SALES THAT OCCUR OUTSIDE THE UNITED STATES
WITHIN THE MEANING OF REGULATION S UNDER THE SECURITIES ACT, (E)
TO AN INSTITUTIONAL “ACCREDITED INVESTOR” WITHIN THE MEANING OF
RULE 501(a)(1), (2), (3) OR (7) UNDER THE SECURITIES ACT THAT IS
ACQUIRING THE SECURITY FOR ITS OWN ACCOUNT, OR FOR THE ACCOUNT OF
SUCH AN INSTITUTIONAL ACCREDITED INVESTOR, IN EACH CASE IN A
TRANSACTION INVOLVING A MINIMUM PRINCIPAL AMOUNT OF THE SECURITIES
OF [in the case of Dollar Securities, insert: $250,000][in the
case of Euro Securities, insert: €250,000], FOR INVESTMENT
PURPOSES AND NOT WITH A VIEW TO OR FOR OFFER OR SALE IN CONNECTION
WITH ANY DISTRIBUTION IN VIOLATION OF THE SECURITIES ACT, OR (F)
PURSUANT TO ANY OTHER AVAILABLE EXEMPTION FROM THE REGISTRATION
REQUIREMENTS OF THE SECURITIES ACT, SUBJECT TO THE ISSUER’S AND
THE TRUSTEE’S RIGHT PRIOR TO ANY SUCH OFFER, SALE OR TRANSFER
PURSUANT TO CLAUSES (D), (E) AND (F) TO REQUIRE THE DELIVERY OF AN
OPINION OF COUNSEL, CERTIFICATION AND/OR OTHER INFORMATION
SATISFACTORY TO EACH OF THEM. THIS LEGEND WILL BE REMOVED UPON
THE REQUEST OF THE HOLDER AFTER THE RESALE RESTRICTION TERMINATION
DATE”, and

          (B) The Global Securities which are Dollar Securities shall bear the
following legend on the face thereof:

          

-39-

	     	
	     	“THIS SECURITY IS A GLOBAL SECURITY WITHIN THE MEANING OF THE
INDENTURE HEREINAFTER REFERRED TO. UNLESS THIS CERTIFICATE IS
PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST
COMPANY, A NEW YORK CORPORATION (“DTC”), NEW YORK, NEW YORK, TO
THE COMPANY OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR
PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF
CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED
REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO
SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE
OF DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR
OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE
REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.
	     
	     	TRANSFERS OF THIS GLOBAL SECURITY SHALL BE LIMITED TO TRANSFERS IN
WHOLE, BUT NOT IN PART, TO NOMINEES OF DTC OR TO A SUCCESSOR
THEREOF OR SUCH SUCCESSOR’S NOMINEE AND TRANSFERS OF PORTIONS OF
THIS GLOBAL SECURITY SHALL BE LIMITED TO TRANSFERS MADE IN
ACCORDANCE WITH THE RESTRICTIONS SET FORTH IN THE INDENTURE
REFERRED TO ON THE REVERSE HEREOF.”

          (C) The Global Securities which are Euro Securities shall bear the
following legend on the face thereof:

	     	
	     	“THIS SECURITY IS A GLOBAL SECURITY WITHIN THE MEANING OF THE
INDENTURE HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME OF
A DEPOSITORY OR A NOMINEE THEREOF. UNLESS THIS CERTIFICATE IS
PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY, TO
THE COMPANY OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR
PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF
THE DEPOSITORY OR IN SUCH OTHER NAME AS IS REQUESTED BY AN
AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY (AND ANY PAYMENT IS
MADE TO THE DEPOSITORY OR TO SUCH OTHER ENTITY AS IS REQUESTED BY
AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY), ANY TRANSFER,
PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY
PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, THE
DEPOSITORY OR ITS NOMINEE, HAS AN INTEREST HEREIN.

	     	
	     	TRANSFERS OF THIS GLOBAL SECURITY SHALL BE LIMITED TO TRANSFERS IN
WHOLE, BUT NOT IN PART, TO NOMINEES OF THE DEPOSITORY OR TO A
SUCCESSOR THEREOF OR SUCH SUCCESSOR’S NOMINEE AND TRANSFERS OF
PORTIONS OF THIS GLOBAL SECURITY SHALL BE LIMITED TO TRANSFERS
MADE IN

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	     	ACCORDANCE WITH THE RESTRICTIONS SET FORTH IN THE INDENTURE
REFERRED TO ON THE REVERSE HEREOF.”

          (d) Book-Entry Provisions for Global Securities.

	          	
	     	     (i) The Global Securities initially shall (A) be
registered in the name of the Depositary or the nominee of such
Depositary, (B) be deposited with, or on behalf of, the Depositary
or with the Trustee, as custodian for the Depositary, (C) bear the
Global Security legends set forth in Section 2.1(c). The
Depositary for the Dollar Securities shall be DTC unless the
Company appoints a successor Depositary by delivery of a Company
Order to the Trustee specifying such successor Depositary. The
initial Depositary for the Euro Securities shall be the Common
Depositary unless, with the approval of Euroclear and Clearstream,
the Company appoints a successor Depositary (which shall be a
common depositary of Euroclear and Clearstream) by delivery of a
Company Order to the Trustee specifying such successor Depositary.
	     
	     	     (ii) The Depositary or its nominee shall be the Holder of the
Global Securities, and owners of beneficial interests in the
Securities represented by the Global Securities shall hold such
interest pursuant to the Applicable Procedures. Any such owner’s
beneficial ownership of any such Securities will be shown only on,
and the transfer of such ownership interest shall be effected only
through, records maintained by the Depositary or its nominee.
	     
	     	     (iii) All payments on a Global Dollar Security will be made to
DTC or its nominee, as the case may be, as the registered owner and
Holder of such Global Dollar Security. All payments on a Global
Euro Security will be made to the order of the Common Depositary or
its nominee, as the case may be, as the registered holder of such
Global Euro Security. In each case, the Company will be fully
discharged by payment to or to the order of such Depositary from
any responsibility or liability in respect of each amount so paid.
	     
	     	     (iv) Unless and until it is exchanged in whole or in part for
a Global Security in certificated form, a Global Security may not
be transferred except as a whole by the relevant Depositary or
nominee thereof to another nominee of the Depositary or to a
successor of Depositary or a nominee of such successor.
	     
	     	     (v) Owners of beneficial interests in Global Securities shall
be entitled or required, as the case may be, but only under the
circumstances described in this Section 2.1(d)(vii), to receive
physical delivery of physical Securities.
	     
	     	     (vi) Securities issued in exchange for a Global Security or
any portion thereof pursuant to subsection (vii) of this Section
shall be issued in definitive, fully registered form, without
interest coupons, shall have an aggregate principal amount equal to
that of such Global Security or portion thereof to be so exchanged,
shall be registered in such names and be in such authorized
denominations as the Depositary shall designate and shall bear any
legends

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	     	required hereunder. Any Global Security to be exchanged in
whole shall be surrendered by the Depositary to the Trustee, as
Registrar. With regard to any Global Security to be exchanged in
part, either such Global Security shall be so surrendered for
exchange or, if the Trustee is acting as custodian for the
Depositary or its nominee with respect to such Global Security, the
principal amount thereof shall be reduced, by an amount equal to
the portion thereof to be so exchanged, by means of an appropriate
adjustment made on the records of the Trustee. Upon any such
surrender or adjustment, the Trustee shall authenticate and
deliver the Security issuable on such exchange to or upon the
order of the Depositary or an authorized representative thereof.
In the event of the occurrence of any of the events specified in
Section 2.1(d)(vii), the Company will promptly make available to
the Trustee a reasonable supply of Definitive Securities in
definitive form.
	     
	     	     (vii) Definitive Securities shall be transferred to all
beneficial owners in exchange for their beneficial interests in a
Global Security, (A) if, in the case of Dollar Securities, DTC
notifies the Company that it is unwilling or unable to continue to
act as a clearing agency for the Global Security or ceases to be a
“Clearing Agency” registered under the Exchange Act, (B) if, in the
case of Euro Securities, Euroclear notifies the Company that it is
unwilling or unable to continue as a clearing agency, (C) if, in
the case of the Euro Securities, the Common Depositary notifies the
Company that it is unwilling or unable to continue as Common
Depositary and a successor Common Depositary is not appointed
within 120 days of such notice, or (D) if the applicable Depositary
or the owner of a Book-Entry Interest so requests such exchange in
writing delivered through the applicable Depositary following an
Event of Default. In connection with a transfer of an entire
Global Security to beneficial owners pursuant to this paragraph
(vii), the applicable Global Security shall be deemed to be
surrendered to the Trustee for cancellation, and the Company shall
execute, and the Trustee shall authenticate and deliver, to each
beneficial owner identified by the applicable Depositary in
exchange for its beneficial interest in the applicable Global
Security, an equal aggregate principal amount of Definitive
Securities, as the case may be, of authorized denominations.
Definitive Securities shall also be issued in exchange for
interests in Global Securities in connection with resales of
Initial Securities or Additional Securities to IAIs. Upon any
issuance of Definitive Securities in respect of less than the
entire principal amount of a Global Security, the Depositary shall
decrease the aggregate principal amount of such Global Security by
making appropriate notations in its records and on such Global
Security so as to reflect a decrease equal to the principal amount
of Definitive Securities issued in relation to the interests
formerly represented by such Global Security.
	     
	     	     (viii) Any beneficial interest in one of the Global Securities
that is transferred to a person who takes delivery in the form of
an interest in another Global Security will, upon transfer, cease
to be an interest in such Global Security and become an interest in
the other Global Security and, accordingly, will thereafter be
subject to all transfer restrictions, if any, and other procedures

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	     	applicable to beneficial interests in such other Global
Security for as long as it remains such an interest.
	     
	     	     (ix) Any Definitive Securities delivered in exchange for an
interest in a Global Security pursuant to paragraph (vii) above
shall, except as otherwise provided in Section 2.6 hereof, bear the
Restricted Securities Legend, unless such exchange is made on or
after (A) an Initial Security or an Additional Security is sold
pursuant to an effective registration statement, pursuant to the
Registration Rights Agreement, (B) an Initial Security or an
Additional Security is exchanged for an Exchange Security in the
Exchange Offer under an effective registration statement, pursuant
to the Registration Rights Agreement, or (C) the Resale Restriction
Termination Date.

          (e) Definitive Securities. Except as provided in
Section 2.1(d) hereof, owners of beneficial interests in Global Securities will
not be entitled to receive Definitive Securities.

     SECTION 2.2. Execution and Authentication. One Officer shall sign the
Securities for the Company by manual or facsimile signature. If an Officer
whose signature is on a Security no longer holds that office at the time the
Trustee authenticates the Security, the Security shall be valid nevertheless,
after giving effect to any exchange of Initial Securities for Exchange
Securities.

     A Security shall not be valid until an authorized signatory of the Trustee
authenticates the Security manually or by facsimile. The signature of the
Trustee on a Security shall be conclusive evidence that such Security has been
duly and validly authenticated and issued under this Indenture. Securities
shall be dated the date of their authentication.

     At any time and from time to time after the execution and delivery of this
Indenture, the Trustee shall authenticate and make available for delivery: (1)
the Initial Dollar Securities for issue on the Issue Date in an aggregate
principal amount of $575,000,000, (2) the Initial Euro Securities for issue on
the Issue Date in an aggregate principal amount of €200,000,000 from time to
time, (3) the Additional Securities in an aggregate principal amount to be
determined by the Company, and (4) Exchange Securities for issue only in an
Exchange Offer or registered resale, in each case pursuant to the Registration
Rights Agreement, and only in exchange for the applicable Initial Securities or
the Additional Securities, as the case may be, of the same series of an equal
principal amount, in each case upon a Company Order. Such Company Order shall
specify the amount of the Securities to be authenticated, the date on which the
original issue of Securities are to be authenticated, whether the Securities
are Dollar Securities or Euro Securities and whether the Securities are to be
Initial Securities, Additional Securities or Exchange Securities.

     With respect to any Additional Securities, the Company shall set forth in
a resolution of its Board of Directors and an Officer’s Certificate, the
following information:

	          	
	     	     (i) the aggregate principal amount of such Additional
Securities to be authenticated and delivered pursuant to this
Indenture; and

	          	
	     	     (ii) the issue price and the issue date of the Additional
Securities.

-43-

     All Dollar Securities issued under the Indenture (whether Initial
Securities, Additional Securities or Exchange Securities) will be treated as a
single series for all purposes under this Indenture, including, without
limitation, waivers, amendments, redemptions and offers to purchase. All Euro
Securities issued under the Indenture (whether Initial Securities, Additional
Securities or Exchange Securities) will be treated as a single series for all
purposes under this Indenture, including, without limitation, waivers,
amendments, redemptions and offers to purchase.

     In case the Company, pursuant to Article IV hereof, shall be consolidated
or merged with or into any other Person or shall transfer or lease all or
substantially all of its assets to any Person, and the successor Person formed
by or surviving any such consolidation or any such merger, or to which such
transfer or lease shall have been made, shall have executed an indenture
supplemental hereto with the Trustee pursuant to Article IV hereof, any of the
Securities authenticated or delivered prior to such consolidation, merger,
conveyance, transfer or lease may, from time to time, at the request of the
successor Person, be exchanged for other Securities executed in the name of the
successor Person with such changes in phraseology and form as may be
appropriate, but otherwise in substance of like tenor as the Securities
surrendered for such exchange and of like principal amount; and the Trustee,
upon Company Order of the successor Person, shall authenticate and deliver
Securities as specified in such order for the purpose of such exchange. If
Securities shall at any time be authenticated and delivered in any new name of
a successor Person pursuant to this Section 2.2 hereof in exchange or
substitution for or upon registration of transfer of any Securities, such
successor Person, at the option of the Holders but without expense to them,
shall provide for the exchange of all Securities at the time Outstanding for
Securities authenticated and delivered in such new name.

     SECTION 2.3. Registrar and Paying Agent. The Company shall maintain
offices or agencies where Securities may be presented for registration of
transfer or for exchange (the “Registrars”) and offices or
agencies where Securities may be presented for payment (the “Paying
Agents”). The Registrars shall keep registers of the Dollar
Securities and the Euro Securities and of their transfer and exchange. The
Company may have one or more co-registrars for each of the Dollar Securities
and the Euro Securities. The Company shall cause each of the Registrars to
maintain an office or agency in the Borough of Manhattan, The City of New York.
The Company shall maintain Paying Agents for the Securities in the Borough of
Manhattan, The City of New York and for the Euro Securities in The City of
London. In addition, for so long as the Securities are listed on the
Luxembourg Stock Exchange, the Company shall maintain a Paying Agent and a
transfer agent in Luxembourg. The Company may have one or more additional
paying agents. The term “Paying Agent” includes any additional paying agent.

     The Company shall enter into an appropriate agency agreement with any
Registrar, Paying Agent or co-registrar not a party to this Indenture, which
shall incorporate the terms of the TIA. The agreement shall implement the
provisions of this Indenture that relate to such agent. The Company shall
notify the Trustee of the name and address of each such agent. If the Company
fails to maintain a Registrar or Paying Agent, the Trustee shall act as such
and shall be entitled to appropriate compensation therefor pursuant to Section
7.9. The Company or any wholly owned Subsidiary may act as Paying Agent,
Registrar, co-registrar or transfer agent.

-44-

     The Company initially appoints the Trustee in New York as the Paying Agent
and Registrar for the Dollar Securities and Citibank, N.A., London Branch, as
the Paying Agent and Registrar for the Euro Securities.

     SECTION 2.4.
Paying Agent To Hold Money in Trust. Prior to 10:00 a.m.,
New York City time, on each due date of the principal of or interest on any
Security, the Company shall deposit with the Paying Agents a sum sufficient to
pay such principal or interest when due. The Company shall require each Paying
Agent (other than the Trustee) to agree in writing that such Paying Agent shall
hold in trust for the benefit of Securityholders or the Trustee all money held
by such Paying Agent for the payment of principal of or interest on the
Securities and shall notify the Trustee in writing of any default by the
Company in making any such payment. If the Company acts as Paying Agent, it
shall segregate the money held by it as Paying Agent and hold it as a separate
trust fund. The Company at any time may require a Paying Agent (other than the
Trustee) to pay all money held by it to the Trustee and to account for any
funds disbursed by such Paying Agent. Upon complying with this Section, the
Paying Agent (if other than the Company) shall have no further liability for
the money delivered to the Trustee. Upon any bankruptcy, reorganization or
similar proceeding with respect to the Company, the Trustee shall serve as
Paying Agent for the Securities.

     SECTION 2.5. Securityholder Lists. The Trustee shall preserve in as
current a form as is reasonably practicable the most recent list available to
it of the names and addresses of Securityholders. If the Trustee is not the
Registrar, or to the extent otherwise required under the TIA, the Company shall
furnish to the Trustee, in writing at least seven Business Days before each
interest payment date and at such other times as the Trustee may request in
writing, a list in such form and as of such date as the Trustee may reasonably
require of the names and addresses of Securityholders.

     SECTION 2.6. Transfer and Exchange.

          (a) The following provisions shall apply with respect to any proposed
transfer of a Security (which is not an Exchange Security) or a beneficial
interest therein prior to the date which is two years after the later of the
date of its original issue and the last date on which the Company or any
affiliate of the Company was the owner of such Securities (or any predecessor
thereto) (the “Resale Restriction Termination Date”):

	          	
	     	     (i) a transfer of a Security or a beneficial interest therein to a
QIB shall be made upon the representation of the transferee in the form
as set forth on the reverse of the Security that it is purchasing for its
own account or an account with respect to which it exercises sole
investment discretion and that it and any such account is a “qualified
institutional buyer” within the meaning of Rule 144A, and is aware that
the sale to it is being made in reliance on Rule 144A and acknowledges
that it has received such information regarding the Company as the
undersigned has requested pursuant to Rule 144A or has determined not to
request such information and that it is aware that the transferor is
relying upon its foregoing representations in order to claim the
exemption from registration provided by Rule 144A;

-45-

	          	
	     	     (ii) a transfer of a Security or a beneficial interest therein to an
IAI shall be made upon receipt by the Trustee or its agent of a
certificate substantially in the form set forth in Section 2.7 hereof
from the proposed transferee and, if requested by the Company, the
delivery of an opinion of counsel, certification and/or other information
satisfactory to it;

	          	
	     	     (iii) a transfer of a Security or a beneficial interest therein to a
Non-U.S. Person in reliance upon Regulation S shall be made upon receipt
by the Trustee or its agent of a certificate substantially in the form
set forth in Section 2.8 hereof from the proposed transferee and, if
requested by the Company, the delivery of an opinion of counsel,
certification and/or other information satisfactory to it.

          
(b) Adjustments to Principal Amounts of Global
Securities. Upon any transfer of an interest in a Regulation S
Global Security for an interest in a Rule 144A Global Security, the aggregate
principal amount of the Regulation S Global Security will be decreased by an
amount equal to the interest being transferred and the aggregate principal
amount of the Rule 144A Global Security will be increased by a corresponding
amount by adjustments made on the records maintained by the relevant
Depositary. Upon any transfer of an interest in a Rule 144A Global Security
for an interest in a Regulation S Global Security, the aggregate principal
amount of the Rule 144A Global Security will be decreased by an amount equal to
the interest being transferred and the aggregate principal amount of the
Regulation S Global Security will be increased by a corresponding amount by
adjustments made on the records maintained by the relevant Depositary. Upon
the transfer of Securities represented by a Global Security to an IAI, the
aggregate principal amount of the relevant Global Security shall be decreased
by an amount equal to the principal amount being transferred which shall be
represented by newly issued Definitive Securities by adjustments made on the
records maintained by the relevant Depositary. Upon the transfer of Definitive
Securities by an IAI to a Person which is a QIB or Non-U.S. person wishing to
have such Securities included in the relevant Global Security, such Definitive
Securities shall be cancelled and the aggregate principal amount of the
relevant Global Security shall be increased by an amount equal to the principal
amount of the cancelled Definitive Securities by adjustments made on the
records maintained by the relevant Depositary

          (c)
Restricted Securities Legend. Upon the transfer,
exchange or replacement of Securities not bearing a Restricted Securities
Legend, the Registrars shall deliver Securities that do not bear a Restricted
Securities Legend. Upon the transfer, exchange or replacement of Securities
bearing a Restricted Securities Legend, the Registrars shall deliver only
Securities that bear a Restricted Securities Legend unless such Securities are
sold under an effective registration statement under the Securities Act or
there is delivered to the Registrar an Opinion of Counsel to the effect that
neither such legend nor the related restrictions on transfer are required in
order to maintain compliance with the provisions of the Securities Act.

          (d) Registrars’ Records. The Registrars shall retain
copies of all letters, notices and other written communications received
pursuant to Section 2.1 hereof or this Section 2.6. The Company shall have the
right to inspect and make copies of all such letters, notices or other written
communications at any reasonable time upon the giving of reasonable prior
written notice to the Registrar.

-46-

          (e) Obligations with Respect to Transfers and Exchanges of Securities.

	          	
	     	     (i) To permit registrations of transfers and exchanges, the Company
shall, subject to the other terms and conditions of this Article II,
execute and the Trustee shall authenticate Definitive Securities and
Global Securities at the request of any Registrar or co-registrar.
	     
	     	     (ii) No service charge shall be made to a Holder for any
registration of transfer or exchange, but the Company may require payment
of a sum sufficient to cover any transfer tax, assessments, or similar
governmental charge payable in connection therewith (other than any such
transfer taxes, assessments or similar governmental charges payable upon
exchange or transfer).
	     
	     	     (iii) A Registrar or co-registrar shall not be required to register
the transfer of or exchange of any Security for a period beginning (1) 15
days before the mailing of a notice of an offer to repurchase or redeem
Securities and ending at the close of business on the day of such mailing
or (2) 15 days before an interest payment date and ending on such
interest payment date.
	     
	     	     (iv) Prior to the due presentation for registration of transfer of
any Security, the Company and the Trustee and each Paying Agent and
Registrar or any co-registrar may deem and treat the person in whose name
a Security is registered as the absolute owner of such Security for the
purpose of receiving payment of principal of and interest on such
Security and for all other purposes whatsoever, whether or not such
Security is overdue, and none of the Company, the Trustee, the Paying
Agents, the Registrars or any co-registrar shall be affected by notice to
the contrary.
	     
	     	     (v) All Securities issued upon any transfer or exchange pursuant to
the terms of this Indenture shall evidence the same debt and shall be
entitled to the same benefits under this Indenture as the Securities
surrendered upon such transfer or exchange.
	     
	     	     (vi) Dollar Securities may not be exchanged for Euro Securities or
vice versa and in connection with any transfer or exchange of Dollar
Securities or Euro Securities, only Securities of the same series shall
be issued to the party or parties entitled thereto.

          (f) No Obligation of the Trustee. (i) The Trustee
shall have no responsibility or obligation to any beneficial owner of a Global
Security, a member of, or a participant in, any Depositary or other Person with
respect to the accuracy of the records of any Depositary or their nominees or
of any participant or member thereof, with respect to any ownership interest in
the Securities or with respect to the delivery to any participant, member,
beneficial owner or other Person (other than the Depositaries) or any notice
(including any notice of redemption) or the payment of any amount or delivery
of any Securities (or other security or property) under or with respect to such
Securities. All notices and communications to be given to the Holders and all
payments to be made to Holders in respect of the Securities shall be given or
made only to or upon the order of the registered Holders (which shall be the
Depositaries or their nominees in the

-47-

case of Global Securities). The rights of beneficial owners in any Global
Security shall be exercised only through the Depositaries subject to the
Applicable Procedures. The Trustee may conclusively rely and shall be fully
protected in relying upon information furnished by the Depositaries with
respect to its members, participants and any beneficial owners.

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

     SECTION 2.7. Form of Certificate to be Delivered in Connection with
Transfers to Institutional Accredited Investors.

IAI Certificate

[CUSIP __________]

ISIN __________

Dana Corporation

c/o Citibank, N.A., as Trustee

111 Wall Street, 14th Floor

New York, New York 10005

Attention: Citibank Agency & Trust

	 	 	 
	Re:	 	
Dana Corporation

9% Notes due 2011

Dear Sirs:

     This certificate is delivered to request a transfer of [$][€]__________
principal amount of the 9% Notes due 2011 (the notes) of Dana Corporation (the
Company).

     Upon transfer, the notes would be registered in the name of the new
beneficial owner as follows:

     Name:

     Address:

     Taxpayer ID Number:

     The undersigned represents and warrants to you that:

-48-

     1.     We are an institutional “accredited investor” (as defined in Rule
50l(a)(l), (2), (3) or (7) under the Securities Act of 1933, as amended (the
Securities Act)), purchasing for our own account or for the account of such an
institutional “accredited investor” in each case in a minimum principal amount
of notes of [$250,000][€250,000] and we are acquiring the notes for investment
purposes and not with a view to, or for offer or sale in connection with, any
distribution in violation of the Securities Act. We have such knowledge and
experience in financial and business matters as to be capable of evaluating the
merits and risk of our investment in the notes and we invest in or purchase
securities similar to the notes in the normal course of our business. We and
any accounts for which we are acting are each able to bear the economic risk of
our or their investment.

     2.     We understand that the notes have not been registered under the
Securities Act and, unless so registered, may not be offered, sold or otherwise
transferred except as permitted in the following sentence. We agree on our own
behalf and on behalf of any investor account for which we are purchasing notes
to offer, sell or otherwise transfer such notes prior to the date which is two
years after the later of the date of original issue and the last date on which
the Company or any affiliate of the Company was the owner of such notes (or any
predecessor thereto) (the Resale Restriction Termination Date) only (a) to the
Company, (b) pursuant to a registration statement which has been declared
effective under the Securities Act, (c) in a transaction complying with the
requirements of Rule 144A under the Securities Act (Rule 144A), to a person we
reasonably believe is a qualified institutional buyer under Rule 144A (QIB)
that purchases for its own account or for the account of a QIB and to whom
notice is given that the transfer is being made in reliance on Rule 144A, (d)
pursuant to offers and sales to that occur outside the United States within the
meaning of Regulation S under the Securities Act, (e) to an institutional
“accredited investor” (within the meaning of Rule 501(a)(1), (2), (3) or (7)
under the Securities Act) that is purchasing for its own account or for the
account of such institutional “accredited investor,” in each case in a minimum
principal amount of notes of [$250,000][€250,000], for investment purposes and
not with a view to, or for offer or sale in connection with, any distribution
in violation of the Securities Act, or (f) pursuant to any other available
exemption from the registration requirements of the Securities Act, subject in
each of the foregoing cases to any requirement of law that the disposition of
our property or the property of such investor account or accounts be at all
times within our or their control and in compliance with any applicable state
securities laws. The foregoing restrictions on resale will not apply
subsequent to the Resale Restriction Termination Date. If any resale or other
transfer of the notes is proposed to be made pursuant to clause (e) above prior
to the Resale Restriction Termination Date, the transferor shall deliver a
letter from the transferee substantially in the form of this letter to the
Company and the Trustee, which shall provide, among other things, that the
transferee is an institutional “accredited investor” (within the meaning of
Rule 501(a)(1), (2), (3) or (7) under the Securities Act) that it is acquiring
such notes for investment purposes and not for distribution in violation of the
Securities Act. Each purchaser acknowledges that the Company and the Trustee
reserve the right prior to any offer, sale or other transfer of the notes prior
to the Resale Restriction Termination Date pursuant to clauses (d), (e) and (f)
above to require the delivery of an opinion of counsel, certifications and/or
other information satisfactory to the Company and the Trustee.

-49-

     3.     You are entitled to rely upon this letter, and you are irrevocably
authorized to produce this letter or a copy hereof to any interested party in
any administrative or legal proceeding or official inquiry with respect to the
matters covered hereby.

	 	 	 	 
	 	Transferee:	 
	 	 	 	 
	 	 	 	 
	 	By:	 	 
	 	 	
	 
	 	 	 	 
	 	 	 	 
	 	Date:	 

     SECTION 2.8. Form of Certificate to be Delivered in Connection with
Transfers Pursuant to Regulation S.

Regulation S Certificate

[CUSIP _________]

ISIN __________

Dana Corporation

c/o Citibank, N.A., as Trustee

111 Wall Street, 14th Floor

New York, New York 10005

Attention: Citibank Agency & Trust

	 	 	 
	Re:	 	
Dana Corporation

9% Notes due 2011

Ladies and Gentlemen:

     This certificate is delivered to request a transfer of [$][€]___________
principal amount of the 9% Notes due 2011 (the notes) of Dana Corporation (the
Company).

     In
connection with our proposed sale of [$][€]___________aggregate principal amount of the Securities, we confirm that such sale has been effected
pursuant to and in accordance with Regulation S under the Securities Act of
1933, as amended (the Securities Act), and, accordingly, we represent that:

     (a)  the offer of the Securities was not made to a person in the United
States;

     (b)  either (i) at the time the buy order was originated, the transferee
was outside the United States or we and any person acting on our behalf
reasonably believed that the transferee was outside the United States or (ii)
the transaction was executed in, on or through the facilities of a designated
offshore securities market and neither we nor any person acting on our behalf
knows that the transaction has been pre-arranged with a buyer in the United
States;

-50-

     (c)  neither we, any of our affiliates, nor any person acting on our or
their behalf has made any directed selling efforts in the United States in
contravention of the requirements of Rule 903(b) or Rule 904(b) of Regulation
S, as applicable; and

     (d)  the transaction is not part of a plan or scheme to evade the
registration requirements of the Securities Act.

     In addition, if the sale is made during a restricted period and the
provisions of Rule 903(c)(3) or Rule 904(c)(l) of Regulation S are applicable
thereto, we confirm that such sale has been made in accordance with the
applicable provisions of Rule 903(c)(3) or Rule 904(c)(l),
as the case may be.

     You and the Company are entitled to rely upon this letter and are
irrevocably authorized to produce this letter or a copy hereof to any
interested party in any administrative or legal proceedings or official inquiry
with respect to the matters covered hereby. Terms used in this certificate
have the meanings set forth in Regulation S.

	 	 	 	 
	 	Transferee:	 
	 	 	 	 
	 	 	 	 
	 	By:	 	 
	 	 	
	 
	 	 	 	 
	 	 	 	 
	 	Date:	 

     SECTION 2.9. Mutilated, Destroyed, Lost or Stolen Securities. If a
mutilated Security is surrendered to the Registrar or if the Holder of a
Security claims that such Security has been lost, destroyed or wrongfully
taken, the Company shall issue and the Trustee shall authenticate a replacement
Security of the same series if the requirements of Section 8-405 of the Uniform
Commercial Code are met and the Holder satisfies any other reasonable
requirements of the Trustee. If required by the Trustee or the Company, such
Holder shall furnish an indemnity bond sufficient in the judgment of the
Company and the Trustee to protect the Company, the Trustee, the Paying Agent,
the Registrar and any co-registrar from any loss which any of them may suffer
if a Security is replaced, and, 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 upon Company Order the Trustee shall authenticate and
make available for delivery, in exchange for any such mutilated Security or in
lieu of any such destroyed, lost or stolen Security, a new Security of like
class, tenor and principal amount, 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

-51-

in relation thereto and any other expenses (including the fees and
expenses of the Trustee) in connection therewith.

     Every new Security issued pursuant to this Section in lieu of any
mutilated, destroyed, lost or stolen Security shall constitute an original
additional contractual obligation of the Company, any Subsidiary Guarantor (if
applicable) and any other obligor upon the Securities, whether or not the
mutilated, destroyed, lost or stolen Security shall be at any time enforceable
by anyone, and shall be entitled to all benefits of this Indenture equally and
proportionately with any and all other Securities duly issued hereunder.

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

     SECTION 2.10. Temporary Securities. Until Definitive Securities are ready
for delivery, the Company may prepare and the Trustee shall authenticate
temporary Securities. Temporary Securities shall be substantially in the form
of Definitive Securities but may have variations that the Company considers
appropriate for temporary Securities. Without unreasonable delay, the Company
shall prepare and the Trustee shall authenticate Definitive Securities. After
the preparation of Definitive Securities, the temporary Securities shall be
exchangeable for such Definitive Securities of the same series upon surrender
of such temporary Securities at any office or agency maintained by the Company
for that purpose and such exchange shall be without charge to the Holder. Upon
surrender for cancellation of any one or more temporary Securities, the Company
shall execute, and the Trustee shall authenticate and make available for
delivery in exchange therefor, one or more Definitive Securities representing
an equal principal amount of Securities of the same class. Until so exchanged,
the Holder of temporary Securities shall in all respects be entitled to the
same benefits under this Indenture as a holder of Definitive Securities.

     SECTION 2.11. Cancellation. The Company at any time may deliver
Securities to the Trustee for cancellation. The Registrars and the Paying
Agents shall forward to the Trustee any Securities surrendered to them for
registration of transfer, exchange or payment. The Trustee and no one else
shall cancel and return to the Company all Securities surrendered for
registration of transfer, exchange, payment or cancellation. The Company may
not issue new Securities to replace Securities it has paid or delivered to the
Trustee for cancellation for any reason other than in connection with a
transfer or exchange.

     SECTION 2.12. Payment of Interest; Defaulted Interest. The principal of
(and premium, if any) and interest on the Securities shall be payable at the
office or agency of the Company maintained for such purpose in the Borough of
Manhattan in the City of New York, or at such other office or agency of the
Company as may be maintained for such purpose pursuant to Section 2.3 hereof;
provided, however, that, at the option
of the Company, each installment of interest may be paid by check mailed to
addresses of the Persons entitled thereto as such addresses shall appear on the
Security Register and; provided, 
further, that all payments with respect to the Securities, the
Holders of which have given wire transfer instructions to the Company and the
Paying Agent prior to the applicable record date for such payment, will be
required to be made by wire transfer of immediately available funds to the
accounts specified by

-52-

the Holders thereof. Payments in respect of Securities represented by a
Global Security (including principal, premium and interest) will be made by
wire transfer of immediately available funds to the accounts specified by the
Depositaries.

     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 such Security (or one or more predecessor Securities) is registered at the
close of business on the regular record date for such interest at the office or
agency of the Company maintained for such purpose pursuant to Section 2.3
hereof.

     Any interest on any Security which is payable, but is not punctually paid
or duly provided for when the same becomes due and payable, shall forthwith
cease to be payable to the Holder on the relevant regular record date by virtue
of having been such a Holder, and such defaulted interest and (to the extent
lawful) interest on such defaulted interest at the rate borne by the Securities
(such defaulted interest and interest thereon herein collectively called
“Defaulted Interest”) shall be paid by the Company, at its
election in each case, as provided in clause (a) or (b) below:

          (a) The Company may elect to make payment of any Defaulted Interest to the
Persons in whose names the Securities (or their respective predecessor
Securities) as to which the Defaulted Interest relates are registered at the
close of business on a Special Record Date (as defined below) for the payment
of such Defaulted Interest, which shall be fixed in the following manner. 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 (a) provided. Thereupon the Trustee shall fix a record date (the
“Special Record Date”) for the payment of such Defaulted
Interest that 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 in the
manner provided for in Section 12.2 hereof, 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 given, such Defaulted
Interest shall be paid to the Persons in whose names the Securities (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 (b).

          (b) The Company may make payment of such Defaulted Interest to the Persons
in whose names the Securities as to which the Defaulted Interest relates are
registered at the close of business on a specified date in any other lawful
manner not inconsistent with the requirements of any securities exchange on
which such Securities may be listed, and upon such notice as may be required by
such exchange, if, after notice 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.

-53-

          (c) 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 2.13. Computation of Interest. Interest on the Securities shall
be computed on the basis of a 360-day year of twelve 30-day months.

     SECTION 2.14. CUSIP, ISIN and Common Code Numbers. The Company in issuing
the Securities shall use “CUSIP,” “ISIN” or “Common Code” numbers (if then
generally in use) and, if so, the Trustee shall use “CUSIP,” “ISIN” or “Common
Code” numbers in notices of redemption as a convenience to Holders; 
provided, however, 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 printed on
the Securities, and any such redemption shall not be affected by any defect in
or omission of such numbers; and provided, 
further, that no “CUSIP” numbers shall be required with respect to
Euro Securities. The Company shall promptly notify the Trustee of any change
in the “CUSIP,” “ISIN” or “Common Code” numbers for the Securities.

ARTICLE III

COVENANTS

     SECTION 3.1. Application of Certain Covenants. After such time as:

	     	
	     	     (1) the Securities have been assigned an Investment Grade rating by
both Rating Agencies;

	     	
	     	     (2) if the Investment Grade rating is BBB-, in the case of S&P, or
Baa3, in the case of Moody’s, it shall not be accompanied by either (i)
in the case of S&P, a negative outlook, creditwatch negative or the
equivalent thereof or (ii) in the case of Moody’s, a negative outlook, a
review for possible downgrade or the equivalent thereof; and

	     	
	     	     (3) no Default under this Indenture has occurred and is continuing,

(all such events collectively constituting an “Investment Grade
Rating Event”) and notwithstanding that the Securities may later
cease to have an Investment Grade rating by either or both Rating Agencies or
that the Investment Grade rating may later be accompanied by either or both
items (i) or (ii) set forth in paragraph (2) above, the Company and its
Restricted Subsidiaries will not be subject to Sections 3.10, 3.11, 3.12, 3.14,
3.15, 3.16, 3.18, paragraph (a) of Section 3.9, paragraph (a) of Section 3.13
and clause (c) of Section 4.1 hereof, and paragraph (b) of Section 3.9 and
paragraph (b) of Section 3.13 hereof shall become effective and apply to the
Company and its Restricted Subsidiaries.

-54-

     A change in the rating on the Securities by either Rating Agency shall be
deemed to have occurred on the date that such Rating Agency shall have publicly
announced the change.

     SECTION 3.2. Payment of Principal, Premium, if any, and
Interest. The Company will pay the principal of, premium, if any, and interest on the Securities on the dates and in the manner
provided in the Securities and in this Indenture. Principal, premium, if any,
and interest shall be considered paid on the date due if on such date the
Trustee or the relevant Paying Agents hold in accordance with this Indenture
money sufficient to pay all principal, premium and interest then due and the
Trustee or such Paying Agents, as the case may be, are not prohibited from
paying such money to the Securityholders on that date.

          The Company shall pay interest on overdue principal at the rate specified
therefor in the Securities, and it shall pay interest on overdue installments
of interest at the same rate to the extent lawful.

     SECTION 3.3. Maintenance of Office or Agency. The Company will maintain
in each Place of Payment for the Securities an office or agency where the
Securities may be presented or surrendered for payment, where the Securities
may be surrendered for registration of transfer or exchange and where notices
and demands to or upon the Company in respect of the Securities and this
Indenture may be served. The Corporate Trust Office of the Trustee shall be
such an office or agency of the Company as shall be the offices specified in
Section 2.3 hereof. In addition, the Company may designate and maintain some
other office or agency for one or more of such purposes. The Company will give
prompt written notice to the Trustee of any change in the location of any such
offices or agencies. If at any time the Company 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 may be presented or surrendered for any or all
such purposes and may from time to time rescind any such designation; 
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 the Securities for
such purposes. The Company will give prompt written notice to the Trustee of
any such designation or rescission and any change in the location of any such
other office or agency.

     SECTION 3.4. Money for Securities Payments to be Held in Trust; Unclaimed
Money. If the Company should at any time act as its own Paying Agent with
respect to the Securities, it will, on or before each due date of the principal
of, premium, if any, or interest on the Securities, segregate and hold in trust
for the benefit of the Persons entitled thereto sums sufficient to pay the
principal, premium, if any, or 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 in writing of its action or failure so to act.

-55-

     The Company will cause each Paying Agent 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:

          (a) hold all sums held by it for the payment of the principal of, premium,
if any, or interest on the Securities in trust for the benefit of the Persons
entitled thereto until such sums shall be paid to such Persons or otherwise
disposed of as herein provided;

          (b) give the Trustee notice of any default by the Company or any
Subsidiary Guarantor (or any other obligor upon the Securities) in the making
of any payment of principal, premium, if any, or interest on the Securities;
and

          (c) at any time during the continuance of any such default, upon the
written request of the Trustee, forthwith pay to the Trustee all sums so held
in trust by such Paying Agent.

     The Company may at any time, for the purpose of obtaining the satisfaction
and discharge or defeasance of this Indenture or for any other purpose, pay, or
by Company Order direct any Paying Agent to pay, to the Trustee all sums held
in trust by the Company or such Paying Agent, such sums to be held by the
Trustee upon the same terms 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 any principal, premium or interest on
any Security and remaining unclaimed for two years after such principal,
premium, if any, 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, unless otherwise required by certain provisions of applicable
law; 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 Agents 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 Agents, 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
City of New York, or cause to be mailed to such Holder, 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 3.5. Corporate Existence. Subject to Article IV hereof, the
Company will at all times do or cause to be done all things necessary to
preserve and keep in full force and effect its corporate existence and its
rights; provided, however, that the
Company shall not be required to preserve any rights if the Board of Directors
of the Company shall determine that the preservation thereof is no longer
desirable in the conduct of the business of the Company and its Subsidiaries
and that the loss thereof is not materially disadvantageous to the Company and
its Subsidiaries, taken as a whole.

-56-

     SECTION 3.6. Reports by the Company. So long as any Security is
outstanding, the Company will file with the Securities and Exchange Commission
(“SEC”) and, within 15 days after it files them with the
SEC, file with the Trustee and mail or cause to be mailed to the Holders at
their addresses as set forth in the Security Registers, copies of the annual
reports and of the information, documents and other reports which the Company
is required to file with the Commission pursuant to Section 13 or 15(d) of the
Exchange Act or which the Company would be required to file with the Commission
if the Company then had a series of securities registered under the Exchange
Act. In addition, the Company shall cause its annual report to stockholders and
any quarterly or other financial reports furnished to its stockholders
generally to be filed with the Trustee and mailed, no later than the date such
materials are mailed or made available to the Company’s stockholders, to the
Holders at their addresses as set forth in the Security Registers.

     Delivery of such reports, information and documents to the Trustee is for
informational purposes only, and the Trustee’s receipt of such shall not
constitute constructive notice of any information contained therein or
determinable from information contained therein, including information
concerning the Company’s compliance with any of its covenants hereunder,
provided that the foregoing shall not relieve the Trustee of any of its
responsibilities hereunder.

     SECTION 3.7. Annual Certificate. The Company covenants and agrees to
deliver to the Trustee, within 120 days after the end of each fiscal year of
the Company, an Officer’s Certificate stating that in the course of the
performance by the signer of his duties as an Officer of the Company he would
normally have knowledge of any Default or Event of Default and whether or not
the signer knows of any Default or Event of Default that occurred during such
period. If he does, the certificate shall describe the Default or Event of
Default, its status and what action the Company is taking or proposes to take
with respect thereto. The Company also shall comply with TIA § 314(a)(4).

     SECTION 3.8. Books of Record and Account. The Company will keep proper
books of record and account, either on a consolidated or individual basis. The
Company shall cause its books of record and account to be examined either on a
consolidated or individual basis, by one or more firms of independent public
accountants not less frequently than annually. The Company shall prepare its
financial statements in accordance with generally accepted accounting
principles as in effect from time to time.

     SECTION 3.9. Limitation on Liens. (a) The Company will not, and will not
cause or permit any of its Restricted Subsidiaries to, create, incur, assume or
suffer to exist any Liens upon any of their respective properties or assets
(including, without limitation, any asset in the form of the right to receive
payments, fees or other consideration or benefits) whether owned on the Issue
Date or acquired after the Issue Date, other than:

	     	
	     	     (1) Liens granted by the Company on property or assets of the
Company securing Indebtedness of the Company that is permitted by this
Indenture and that is pari passu with the Securities; 
provided, that the Securities are secured on an equal and
ratable basis with such Liens;

-57-

	     	
	     	     (2) Liens granted by the Company on property or assets of the
Company securing Indebtedness of the Company that is permitted by this
Indenture and that is subordinated to the Securities; provided, that the Securities are secured by Liens ranking
prior to such Liens;

	     	
	     	     (3) Permitted Liens;

	     	
	     	     (4) Liens in respect of Acquired Indebtedness permitted by this
Indenture; provided, that the Liens in respect of
such Acquired Indebtedness secured such Acquired Indebtedness at the time
of the incurrence of such Acquired Indebtedness and such Liens and the
Acquired Indebtedness were not incurred by the Company or by the Person
being acquired or from whom the assets were acquired in connection with,
or in anticipation of, the incurrence of such Acquired Indebtedness by
the Company, and provided, 
further that such Liens in respect of such Acquired
Indebtedness do not extend to or cover any property or assets of the
Company or of any Restricted Subsidiary of the Company other than the
property or assets that secured the Acquired Indebtedness prior to the
time such Indebtedness became Acquired Indebtedness of the Company; and

	     	
	     	     (5) Liens arising from claims of holders of Indebtedness against
funds held in a defeasance trust for the benefit of such holders.

     (b)  In the event that paragraph (a) of this Section 3.9 no longer applies
to the Company and its Restricted Subsidiaries in light of the circumstances
set forth in Section 3.1 hereof, except with respect to Indebtedness between
the Company and any Restricted Subsidiaries, the Company will not incur or
guarantee (or permit Restricted Subsidiaries to incur or guarantee) any Secured
Debt other than Permitted Secured Debt without equally and ratably securing the
Securities.

     SECTION 3.10. Limitation on Incurrence of Indebtedness and Issuance of
Preferred Stock. The Company will not, and will not cause or permit any of its
Restricted Subsidiaries to incur, directly or indirectly, any Indebtedness, and
the Company will not cause or permit any of its Restricted Subsidiaries to
issue any Preferred Stock, except:

	     	
	     	     (1) Indebtedness of the Company, if immediately after giving effect
to the incurrence of such Indebtedness and the receipt and application of
the net proceeds thereof, the Consolidated Coverage Ratio of the Company
for the four full fiscal quarters for which quarterly or annual financial
statements are available next preceding the incurrence of such
Indebtedness would be greater than 2.25 to 1.00;

	     	
	     	     (2) Indebtedness outstanding on the Issue Date;

	     	
	     	     (3) Indebtedness under the Credit Facilities in an amount not to
exceed $1.65 billion;

	     	
	     	     (4) Indebtedness owed by the Company to any Restricted Subsidiary of
the Company or Indebtedness owed by a Subsidiary of the Company to the
Company or a Restricted Subsidiary of the Company; 
provided, that, upon either

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	     	     (a) the transfer or other disposition by such Restricted
Subsidiary or the Company of any Indebtedness so permitted under
this clause (4) to a Person other than the Company or another
Restricted Subsidiary of the Company or

	          	
	     	     (b) the issuance (other than directors’ qualifying shares),
sale, transfer or other disposition of shares of Capital Stock or
other ownership interests (including by consolidation or merger) of
such Restricted Subsidiary to a Person other than the Company or
another such Restricted Subsidiary of the Company as a result of
which such Restricted Subsidiary ceases to be a Restricted
Subsidiary of the Company,

	     	
	     	the provisions of this clause (4) shall no longer be applicable to such
Indebtedness and such Indebtedness shall be deemed to have been incurred
at the time of any such issuance, sale, transfer or other disposition, as
the case may be;
	     
	     	     (5) Indebtedness of the Company or its Restricted Subsidiaries under
any Interest Rate Protection Agreement or Currency Agreement to the
extent entered into to hedge any other Indebtedness permitted under this
Indenture;
	     
	     	     (6) Acquired Indebtedness to the extent the Company could have
incurred such Indebtedness in accordance with clause (1) above on the
date such Indebtedness became Acquired Indebtedness;
	     
	     	     (7) Indebtedness incurred by the Company or any of its Restricted
Subsidiaries constituting reimbursement obligations with respect to
letters of credit issued in the ordinary course of business, including,
without limitation, letters of credit in response to worker’s
compensation claims or self-insurance;
	     
	     	     (8) Indebtedness arising from agreements of the Company or a
Restricted Subsidiary of the Company providing for indemnification,
adjustment of purchase price, earn-out or other similar obligations, in
each case, incurred or assumed in connection with the disposition of any
business, assets or a Subsidiary of the Company;
	     
	     	     (9) Obligations in respect of performance and surety bonds and
completion guarantees provided by the Company or any Restricted
Subsidiary of the Company in the ordinary course of business;
	     
	     	     (10) Indebtedness consisting of notes issued to employees, officers
or directors in connection with the redemption or repurchase of Capital
Stock held by such Persons in an aggregate amount not in excess of $10.0
million at any time outstanding;
	     
	     	     (11) Guarantees by the Company or any of its Restricted Subsidiaries
of Indebtedness of the Company or any Restricted Subsidiary permitted to
be incurred under another provision of this Section 3.10; 
provided that any Guarantee by a Restricted Subsidiary is given
in compliance with Section 3.16 hereof;
	     
	     	     (12) Indebtedness of the Company under the Initial Securities and
the Exchange Securities related thereto;

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	     	     (13) Indebtedness incurred to renew, extend or refinance
(collectively for purposes of this clause (13) to “refinance”) any
Indebtedness incurred pursuant to clauses (1), (2) or (12) of this
Section 3.10; provided, that:

	          	
	     	     (a) such Indebtedness does not exceed the principal amount (or
accreted amount, if less) of Indebtedness so refinanced plus the
amount of any premium required to be paid in connection with such
refinancing pursuant to the terms of the Indebtedness refinanced or
the amount of any premium reasonably determined by the Company as
necessary to accomplish such refinancing by means of a tender
offer, exchange offer, or privately negotiated repurchase, plus the
expenses of the Company or such Restricted Subsidiary incurred in
connection therewith and
	     
	     	     (b) (I) in the case of any refinancing of Indebtedness that is
pari passu with the Securities such refinancing Indebtedness is
made pari passu with or subordinate in right of payment to the
Securities, and, in the case of any refinancing of Indebtedness
that is subordinate in right of payment to the Securities, such
refinancing Indebtedness is subordinate in right of payment to the
Securities on terms no less favorable to the Holders than those
contained in the Indebtedness being refinanced,

	          	
	     	          (II) in either case, the refinancing Indebtedness by its
terms, or by the terms of any agreement or instrument pursuant to
which such Indebtedness is issued does not have an Average Life
that is less than the remaining Average Life of the Indebtedness
being refinanced and does not permit redemption or other retirement
(including pursuant to any required offer to purchase to be made by
the Company or any of its Restricted Subsidiaries) of such
Indebtedness at the option of the holder thereof prior to the final
Stated Maturity of the Indebtedness being refinanced, other than a
redemption or other retirement at the option of the holder of such
Indebtedness (including pursuant to a required offer to purchase
made by the Company or any of its Restricted Subsidiaries) which is
conditioned upon a change of control of the Company pursuant to
provisions substantially similar to those contained in Section 3.18
hereof and

	          	
	     	          (III) Indebtedness of a Restricted Subsidiary may not be
incurred to refinance any Indebtedness of the Company unless
otherwise permitted pursuant to clause (16) below; and

	          	
	     	provided, further, that any
Indebtedness incurred pursuant to clauses (1) or (2) above may be
refinanced pursuant to this clause (13) 
provided that such refinancing occurs not later than
three months after the repayment of the Indebtedness being
refinanced, notwithstanding an initial repayment of the
Indebtedness being refinanced using the Company’s available cash
resources.

	     	
	     	     (14) Indebtedness consisting of take-or-pay obligations contained in
supply agreements entered into by the Company or its Restricted
Subsidiaries in the ordinary course of business;

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	     	     (15) Preferred Stock of Restricted Subsidiaries issued to the
Company or any of its Restricted Subsidiaries, 
provided, that, upon either

	          	
	     	     (a) the transfer or other disposition by such Restricted
Subsidiary or the Company of any Preferred Stock so permitted under
this clause (15) to a Person other than the Company or another
Restricted Subsidiary of the Company or

	          	
	     	     (b) the issuance (other than directors’ qualifying shares),
sale, transfer or other disposition of shares of Capital Stock or
other ownership interests (including by consolidation or merger) of
such Restricted Subsidiary to a Person other than the Company or
another such Restricted Subsidiary of the Company as a result of
which such Restricted Subsidiary ceases to be a Subsidiary of the
Company,

	     	
	     	the provisions of this clause (15) shall no longer be applicable to such
Preferred Stock and such Preferred Stock shall be deemed to have been
issued at the time of any such issuance, sale, transfer or other
disposition, as the case may be;

	     	
	     	     (16) Indebtedness incurred by Restricted Subsidiaries to Persons
other than the Company and its Restricted Subsidiaries and Preferred
Stock of Restricted Subsidiaries issued to Persons other than the Company
and its Restricted Subsidiaries, provided that (i)
the principal amount of such Indebtedness plus (ii) the stated
liquidation preference of such Preferred Stock shall not exceed in the
aggregate $250.0 million;

	     	
	     	     (17) the consummation of any Qualified Securitization Transaction;
and

	     	
	     	     (18) Indebtedness of the Company or its Restricted Subsidiaries, not
otherwise permitted to be incurred pursuant to clauses (1) through (17)
of this Section 3.10, which, together with any other outstanding
Indebtedness incurred pursuant to this clause (18), has an aggregate
principal amount not in excess of $100.0 million at any time outstanding.

     Accrual of interest, accrual of dividends, the accretion of accreted
value, the payment of interest in the form of additional Indebtedness and the
payment of dividends in the form of additional shares of Preferred Stock will
not be deemed to be an incurrence of Indebtedness for purposes of this
covenant. The amount of any Indebtedness outstanding as of any date shall be
(i) the accreted value of the Indebtedness in the case of any Indebtedness
issued with original issue discount and (ii) the principal amount or
liquidation preference thereof, together with any interest thereon that is more
than 30 days past due, in the case of any other Indebtedness.

     For purposes of determining compliance with any U.S. dollar-denominated
restriction on the incurrence of Indebtedness, the U.S. dollar-equivalent
principal amount of Indebtedness denominated in a foreign currency shall be
calculated based on the relevant currency exchange rate in effect on the date
such Indebtedness was incurred, in the case of term Indebtedness, or first
committed, in the case of revolving credit Indebtedness; 
provided that if such Indebtedness is incurred to refinance other
Indebtedness denominated in a foreign currency, and such refinancing would
cause the applicable U.S. dollar-denominated restriction to be exceeded if

-61-

calculated at the relevant currency exchange rate in effect on the date of
such refinancing, such U.S. dollar-denominated restriction shall be deemed not
to have been exceeded so long as the principal amount of such refinancing
Indebtedness does not exceed the principal amount of such Indebtedness being
refinanced. Notwithstanding any other provision of this covenant, the maximum
amount of Indebtedness that the Company may incur pursuant to this covenant
shall not be deemed to be exceeded solely as a result of fluctuations in the
exchange rate of currencies. The principal amount of any Indebtedness incurred
to refinance other Indebtedness, if incurred in a different currency from the
Indebtedness being refinanced, shall be calculated based on the currency
exchange rate applicable to the currencies in which such refinancing
Indebtedness is denominated that is in effect on the date of such refinancing.

     SECTION 3.11. Limitation on Restricted Payments.

     The Company will not, and will not cause or permit any of its Restricted
Subsidiaries to directly or indirectly:

	     	
	     	     (A) declare or pay any dividend, or make any distribution of any
kind or character (whether in cash, property or securities), in respect
of any class of its Capital Stock or to the holders thereof in their
capacity as stockholders, excluding any (a) dividend or distributions
payable solely in shares of its Qualified Capital Stock or in options,
warrants or other rights to acquire its Qualified Capital Stock or (b) in
the case of any Restricted Subsidiary of the Company, dividends or
distributions payable to the Company or a Restricted Subsidiary of the
Company;

	     	
	     	     (B) purchase, redeem, or otherwise acquire or retire for value
shares of Capital Stock of the Company or a Restricted Subsidiary of the
Company, any securities convertible or exchangeable into shares of
Capital Stock of the Company or a Restricted Subsidiary of the Company or
any options, warrants or rights to purchase or acquire shares of Capital
Stock of the Company or a Restricted Subsidiary of the Company, excluding
any such shares of Capital Stock, options, warrants, rights or securities
which are owned by the Company or a Restricted Subsidiary of the Company;

	     	
	     	     (C) make any Investment (other than a Permitted Investment) in any
Person; or

	     	
	     	     (D) redeem, defease, repurchase, retire or otherwise acquire or
retire for value, prior to any scheduled maturity, repayment or sinking
fund payment, Indebtedness which is subordinate in right of payment to
the Securities (each of the transactions described in clauses (A) through
(D) (other than any exception to any such clause) being a “Restricted
Payment”),

if at the time thereof:

	     	
	     	     (1) an Event of Default, or an event that with the passing of time
or giving of notice, or both, would constitute an Event of Default, shall
have occurred and be continuing, or

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	     	     (2) upon giving effect to such Restricted Payment, the Company could
not incur at least $1.00 of additional Indebtedness pursuant to clause
(1) of Section 3.10 hereof, or

	     	
	     	     (3) upon giving effect to such Restricted Payment, the aggregate of
all Restricted Payments made on or after the Issue Date exceeds the sum
(without duplication) of:

	          	
	     	     (a) 50% of Consolidated Net Income of the Company (or, in the
case cumulative Consolidated Net Income of the Company shall be
negative, less 100% of such deficit) for the period (treated as an
accounting period) from the Issue Date through the last day of the
Company’s most recently ended fiscal quarter for which financial
statements are available; plus
	     
	     	     (b) 100% of the aggregate net cash proceeds received after the
Issue Date, including the fair market value of readily marketable
securities from the issuance of Qualified Capital Stock of the
Company and warrants, rights or options on Qualified Capital Stock
of the Company (other than in respect of any such issuance to a
Subsidiary of the Company) and the principal amount of Indebtedness
of the Company or a Subsidiary of the Company that has been
converted into or exchanged for Qualified Capital Stock of the
Company which Indebtedness was incurred after the Issue Date; plus
	     
	     	     (c) in the case of the disposition or repayment of any
Investment constituting a Restricted Payment made after the Issue
Date, an amount equal to the lesser of the return of capital with
respect to such Investment and the cost of such Investment, in
either case, less the cost of the disposition of such Investment;
plus
	     
	     	     (d) an amount equal to the sum of (I) the net reduction in
Investments in Unrestricted Subsidiaries resulting from the receipt
of dividends, repayments of loans or advances or other transfers of
assets or proceeds from the disposition of Capital Stock or other
distributions or payments, in each case to the Company or any
Restricted Subsidiary from, or with respect to, interests in
Unrestricted Subsidiaries, and (II) the portion (proportionate to
the Company’s equity interest in such Subsidiary) of the fair
market value of the net assets of an Unrestricted Subsidiary at the
time such Unrestricted Subsidiary is designated a Restricted
Subsidiary; provided, that the foregoing sum
shall not exceed, in the case of any Unrestricted Subsidiary, the
amount of Investments previously made (and treated as a Restricted
Payment) by the Company or any Restricted Subsidiary in such
Unrestricted Subsidiary subsequent to the Issue Date; plus
	     
	     	     (e) solely in connection with the payment of ordinary
quarterly dividends on the Company’s common stock, an aggregate of
$270.0 million.
	     
	     	For purposes of determining the amount expended for Restricted
Payments under this clause (3), property other than cash shall be
valued at its fair market value.

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     Notwithstanding the foregoing, the provisions set forth in the immediately
preceding paragraph will not prohibit:

	     	
	     	     (1) any dividend on any class of Capital Stock of the Company or any
of its Restricted Subsidiaries paid within 70 days after the declaration
thereof if, on the date when the dividend was declared, the Company or
any of its Restricted Subsidiaries, as the case may be, could have paid
such dividend in accordance with the provisions of this Indenture;
	     
	     	     (2) the renewal, extension or refinancing of any Indebtedness
otherwise permitted pursuant to the terms of clause (13) of Section 3.10
hereof;
	     
	     	     (3) the exchange or conversion of any Indebtedness of the Company or
any of its Restricted Subsidiaries for or into Qualified Capital Stock of
the Company;
	     
	     	     (4) any Restricted Payments, including loans or other advances made
pursuant to any employee benefit plans (including plans for the benefit
of directors) or employment agreements or other compensation arrangements
or plans, in each case as such agreement, arrangement or plan is approved
by the Board of Directors of the Company in its good faith judgment;
	     
	     	     (5) so long as no Default or Event of Default has occurred and is
continuing, any Investment made with the proceeds of a substantially
concurrent sale of Qualified Capital Stock of the Company; 
provided, that the proceeds of such sale of Qualified Capital
Stock shall not be (and have not been) included in clause (3) of the
preceding paragraph;
	     
	     	     (6) the redemption, repurchase, retirement or other acquisition of
any Capital Stock of the Company in exchange for or out of the net cash
proceeds of the substantially concurrent sale (other than to a Restricted
Subsidiary of the Company) of Qualified Capital Stock of the Company;
provided, that the proceeds of such sale of Capital
Stock shall not be (and have not been) included in clause (3) of the
preceding paragraph;
	     
	     	     (7) so long as no Event of Default has occurred and is continuing,
the redemption, repurchase, retirement or other acquisition of any
subordinated Indebtedness of the Company in exchange for or out of the
net cash proceeds of the substantially concurrent sale (other than to a
Subsidiary of the Company) of Qualified Capital Stock of the Company;
provided, that the proceeds of such sale of Qualified
Capital Stock shall not be (and have not been) included in clause (3) of
the preceding paragraph;
	     
	     	     (8) so long as no Event of Default has occurred and is continuing,
any purchase or redemption or other retirement for value of Capital Stock
of the Company required pursuant to any shareholders agreement,
management agreement or employee stock option or restricted stock
agreement in accordance with the provisions of any such arrangement in an
amount not to exceed $5.0 million in the aggregate;
	     
	     	     (9) repurchases of Capital Stock deemed to occur upon the exercise
of stock options if such Capital Stock represents a portion of the
exercise price thereof;

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	     	     (10) so long as no Event of Default has occurred and is continuing,
the redemption of any stock purchase rights under a rights plan in an
aggregate amount not to exceed $5.0 million;
	     
	     	     (11) so long as no Event of Default has occurred and is continuing,
Investments in Permitted Joint Ventures; provided,
that after giving pro forma effect to such Investment, the Company could
incur at least $1.00 of additional Indebtedness pursuant to clause (1) of
Section 3.10;
	     
	     	     (12) Investments by the Company in Dana Credit Corporation made in
the ordinary course of business for periods not exceeding 30 days at any
time and in amounts not exceeding $20.0 million at any time outstanding;
and
	     
	     	     (13) Restricted Payments by the Company or its Restricted
Subsidiaries, not otherwise permitted to be made pursuant to clauses (1)
through (12) above, in an aggregate amount not to exceed $75.0 million.

     Each Restricted Payment described in clauses (1), (4) and (8) of the
previous sentence shall be taken into account (and the Restricted Payments
described in the remaining clauses shall not be taken into account) for
purposes of computing the aggregate amount of all Restricted Payments made
pursuant to clause (3) of the preceding paragraph.

     SECTION 3.12. Limitation on Certain Asset Dispositions. (a) The Company
will not, and will not cause or permit any of its Restricted Subsidiaries to,
directly or indirectly, make one or more Asset Dispositions unless:

	     	
	     	     (1) the Company or the Restricted Subsidiary, as the case may be,
receives consideration for such Asset Disposition at least equal to the
fair market value of the assets sold or disposed of (as determined in
good faith by the Company);

	     	
	     	     (2) not less than 75% of the consideration for the disposition
consists of cash or readily marketable Cash Equivalents or the assumption
of Indebtedness (other than non-recourse Indebtedness or any Indebtedness
subordinated to the Securities) of the Company or such Restricted
Subsidiary or other obligations relating to such assets (and release of
the Company or such Restricted Subsidiary from all liability on the
Indebtedness or other obligations assumed); and

	     	
	     	     (3) all Net Available Proceeds, less any amounts invested or
committed to be invested within 360 days of such Asset Disposition in
Related Business Assets (including capital expenditures or the Capital
Stock of another Person (other than the Company); 
provided, that immediately after giving effect to any such
investment such Person shall be a Restricted Subsidiary of the Company),
are applied, on or prior to the 360th day after such Asset Disposition
(unless and to the extent that the Company shall determine to make an
Offer to Purchase), either to

	          	
	     	     (a) the permanent reduction and prepayment of any Indebtedness
of the Company (other than Indebtedness which is expressly
subordinate to the

-65-

	          	
	     	Securities) then outstanding (including a permanent reduction
of commitments in respect thereof) or

	          	
	     	     (b) the permanent reduction and repayment of any Indebtedness
of any Restricted Subsidiary of the Company then outstanding
(including a permanent reduction of commitments in respect
thereof).

     The 361st day after such Asset Disposition shall be deemed to be the
“Asset Sale Offer Trigger Date,” and the amount of Net
Available Proceeds from Asset Dispositions otherwise subject to the preceding
provisions not so applied or as to which the Company has determined not to so
apply shall be referred to as the “Unutilized Net Available
Proceeds.” Within fifteen days after the Asset Sale Offer Trigger
Date, the Company shall make an Offer to Purchase the outstanding Securities in
the aggregate amount of the Unutilized Net Available Proceeds at a purchase
price in cash equal to 100% of their principal amount plus any accrued and
unpaid interest thereon to the Purchase Date. Notwithstanding the foregoing,
the Company may defer making any Offer to Purchase outstanding Securities until
there are aggregate Unutilized Net Available Proceeds equal to or in excess of
$25.0 million (at which time, the entire Unutilized Net Available Proceeds, and
not just the amount in excess of $25.0 million, shall be applied as required
pursuant to this paragraph). Pending application of the Unutilized Net
Available Proceeds pursuant to this covenant, such Unutilized Net Available
Proceeds shall be invested in Permitted Investments of the types described in
clauses (1), (2) and (3) of the definition of “Permitted Investments.”

     If any Indebtedness of the Company or any of its Restricted Subsidiaries
ranking pari passu with the Securities requires that prepayment of, or an offer
to prepay, such Indebtedness be made with any Net Available Proceeds, the
Company may apply such Net Available Proceeds pro rata (based on the aggregate
principal amount of the Securities then outstanding and the aggregate principal
amount (or accreted value, if less) of all such other Indebtedness then
outstanding) to the making of an Offer to Purchase the Securities in accordance
with the foregoing provisions and the prepayment or the offer to prepay such
pari passu Indebtedness. Any remaining Net Available Proceeds following the
completion of the required Offer to Purchase may be used by the Company for any
other purpose (subject to the other provisions of this Indenture) and the
amount of Net Available Proceeds then required to be otherwise applied in
accordance with this covenant shall be reset to zero, subject to any subsequent
Asset Disposition. These provisions will not apply to a transaction consummated
in compliance with the provisions of Section 4.1 hereof.

          (b) The Company will not, and will not permit any Restricted Subsidiary
to, engage in any Asset Swaps, unless:

	     	
	     	     (1) at the time of entering into such Asset Swap and immediately
after giving effect to such Asset Swap, no Default or Event of Default
shall have occurred and be continuing or would occur as a consequence
thereof;

	     	
	     	     (2) in the event such Asset Swap involves the transfer by the
Company or any Restricted Subsidiary of assets having an aggregate fair
market value, as determined by the Board of Directors of the Company in
good faith, in excess of $20.0 million, the

-66-

	     	
	     	terms of such Asset Swap have been approved by a majority of the
members of the Board of Directors of the Company or such Restricted
Subsidiary, as the case may be, as being fair to the Company or such
Restricted Subsidiary, as the case may be, from a financial point of
view; and

	     	
	     	     (3) in the event such Asset Swap involves the transfer by the
Company or any Restricted Subsidiary of assets having an aggregate fair
market value, as determined by the Board of Directors of the Company in
good faith, in excess of $500.0 million, the Company has received a
written opinion from an independent investment banking firm of nationally
recognized standing that such Asset Swap is fair to the Company or such
Restricted Subsidiary, as the case may be, from a financial point of
view.

        
          (c) In the event that the Company makes an Offer to Purchase the
Securities pursuant to this Section 3.12, the Company shall comply with any
applicable securities laws and regulations, including any applicable
requirements of Section 14(e) of, and Rule 14e-1 under, the Exchange Act and
any violation of the provisions of the indenture relating to such Offer to
Purchase occurring as a result of such compliance shall not be deemed an Event
of Default or an event that with the passing of time or giving of notice, or
both, would constitute an Event of Default.

     SECTION 3.13. Limitation on Sale and Leaseback Transactions. (a) The
Company will not, and will not cause or permit any Restricted Subsidiary to,
enter into any Sale and Leaseback Transaction with respect to any property
unless:

	     	
	     	     (1) the Company or such Restricted Subsidiary, as the case may be,
receives consideration at the time of such Sale and Leaseback Transaction
at least equal to the fair market value (as determined by the Board of
Directors of the Company or such Restricted Subsidiary, as the case may
be, if the fair market value exceeds $20.0 million) of the property
subject to such transaction;

	     	
	     	     (2) the Company or such Restricted Subsidiary could have incurred
Indebtedness in an amount equal to the Attributable Indebtedness in
respect of such Sale and Leaseback Transaction pursuant to Section 3.10
hereof; and

	     	
	     	     (3) the Sale and Leaseback Transaction is treated as an Asset
Disposition and all of the conditions of Section 3.12 hereof (including
the provisions concerning the application of Net Available Proceeds after
the Sale and Leaseback Transaction) are satisfied at the time required to
be satisfied pursuant to that covenant with respect to such Sale and
Leaseback Transaction, treating all of the cash consideration (with the
items constituting cash consideration to be determined in accordance with
Section 3.12 hereof) received in such Sale and Leaseback Transaction as
Net Available Proceeds for purposes of such covenant.

     For the purposes of this paragraph (a), the term “Sale and
Leaseback Transaction” means an arrangement relating to property now
owned or hereafter acquired whereby the Company or a Restricted Subsidiary
transfers such property to a person and the Company or a Restricted Subsidiary
leases it from such Person.

-67-

     (b)  In the event that paragraph (a) of this covenant no longer applies to
the Company and its Restricted Subsidiaries in light of the circumstances set
forth in Section 3.1 hereof, the Company will not engage in any Sale and
Leaseback Transactions (except leases for a temporary period not exceeding 36
months) involving any Principal Property, or permit any of its Restricted
Subsidiaries which has been in operation for more than 180 days to do so,
unless

	     	
	     	     (1) the Company or such Restricted Subsidiary would be entitled to
incur Secured Debt on such Principal Property equal to the amount
realizable upon such sale or transfer as if such amount were secured by a
mortgage, without equally and ratably securing the Securities; or

	     	
	     	     (2) an amount equal to the greater of the net proceeds of the sale
or the fair value of such Principal Property is applied within 180 days
either to (A) the retirement of indebtedness of the Company that was
Funded Debt at the time it was created or (B) the purchase of other
Principal Property having a value at least equal to the greater of such
amounts; or

	     	
	     	     (3) the Sale and Leaseback Transaction involved an industrial
revenue bond, pollution control bond or other similar financing
arrangement between the Company or any Restricted Subsidiary and any
federal, state or municipal government or other governmental body or
agency.

     For the purposes of this paragraph (b), the term “Sale and
Leaseback Transaction” means any arrangement with any person or
entity providing for the leasing by the Company or any Restricted Subsidiary of
any Principal Property whereby such Principal Property has been or is to be
sold or transferred by the Company or a Restricted Subsidiary to such person or
entity; provided, however, that the
foregoing shall not apply to any such arrangement involving a lease for a term,
including renewal rights, of not more than three years.

     SECTION 3.14. Limitation on Payment Restrictions Affecting Restricted
Subsidiaries.

          (a) The Company will not, and will not cause or permit any of its
Restricted Subsidiaries to, directly or indirectly, create or suffer to exist
or allow to become effective any consensual encumbrance or restriction of any
kind on the ability of any such Restricted Subsidiary to:

	     	
	     	     (1) pay dividends, in cash or otherwise, or make other payments or
distributions on its Capital Stock or any other equity interest or
participation in, or measured by, its profits, owned by the Company or by
any Restricted Subsidiary of the Company, or make payments on any
Indebtedness owed to the Company or to any Restricted Subsidiary of the
Company;

	     	
	     	     (2) make loans or advances to the Company or to any Restricted
Subsidiary of the Company; or

	     	
	     	     (3) transfer any of their respective property or assets to the
Company or to any Restricted Subsidiary of the Company.

-68-

          (b) The restrictions in paragraph (a) above, however, will not apply to
encumbrances or restrictions existing under or by reason of:

	     	
	     	     (1) applicable law or regulations;

	     	
	     	     (2) customary provisions restricting subletting or assignment of any
lease governing a leasehold interest of any Restricted Subsidiary of the
Company;

	     	
	     	     (3) any agreement in effect on the Issue Date as any such agreement
is in effect on such date;

	     	
	     	     (4) any agreement relating to any Indebtedness incurred by such
Restricted Subsidiary prior to the date on which such Restricted
Subsidiary became a Subsidiary of the Company and outstanding on such
date and not incurred in anticipation or contemplation of becoming a
Subsidiary of the Company, provided, such encumbrance
or restriction shall not apply to any assets of the Company or its
Restricted Subsidiaries other than such Restricted Subsidiary;

	     	
	     	     (5) any agreement effecting a refinancing of Indebtedness incurred
pursuant to an agreement referred to in clause (3) or (4) of this
paragraph (b) or this clause (5) or contained in any amendment to an
agreement referred to in clause (3) or (4) of this paragraph (b) or this
clause (5); provided, however,
that the encumbrances and restrictions contained in any such agreement or
amendment are no less favorable in any material respect to the Holders of
the Securities than the encumbrances and restrictions contained in such
agreements referred to in clauses (3) and (4) of this paragraph (b);

	     	
	     	     (6) Indebtedness or any other contractual requirements (including
pursuant to any corporate governance documents in the nature of a charter
or by-laws) of a Securitization Subsidiary arising in connection with a
Qualified Securitization Transaction, provided, that any such
encumbrances and restrictions apply only to such Securitization
Subsidiary; or

	     	
	     	     (7) this Indenture.

     SECTION 3.15. Limitation on Transactions with Affiliates.

          (a) The Company will not, and will not cause or permit any of its
Restricted Subsidiaries to:

	     	
	     	     (1) sell, lease, transfer or otherwise dispose of any of its
property or assets to any Affiliate of the Company or of any Subsidiary,

	     	
	     	     (2) purchase any property or assets from any Affiliate of the
Company or of any Subsidiary,

	     	
	     	     (3) make any Investment in any Affiliate of the Company or of any
Subsidiary, or

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	     	     (4) enter into or amend or extend any contract, agreement or
understanding with or for the benefit of, any Affiliate of the Company or
of any Subsidiary (each of (1) through (4) being an “Affiliate
Transaction”),

other than Affiliate Transactions that are on terms that are no less favorable
to the Company or such Restricted Subsidiary of the Company than those that
could be obtained in a comparable arm’s length transaction by the Company or
such Restricted Subsidiary of the Company from an unaffiliated party; 
provided, that if the Company or any Restricted Subsidiary of the
Company enters into an Affiliate Transaction or series of Affiliate
Transactions involving or having an aggregate value of more than $20.0 million,
a majority of the disinterested members of the Board of Directors of the
Company or a committee thereof shall, prior to the consummation of such
Affiliate Transaction, have determined (as evidenced by a resolution thereof)
that such Affiliate Transaction meets the foregoing standard.

          (b) The restrictions in paragraph (a) above shall not apply to:

	     	
	     	     (1) any transaction between Restricted Subsidiaries of the Company,
or between the Company and any Restricted Subsidiary of the Company if
such transaction is not otherwise prohibited by the terms of this
Indenture;

	     	
	     	     (2) transactions entered into in the ordinary course of business;

	     	
	     	     (3) reasonable fees and compensation paid to and advances of
expenses to and indemnity provided on behalf of officers, directors,
employees or consultants of the Company or any Subsidiary as determined
in good faith by the Company’s Board of Directors or senior management;

	     	
	     	     (4) any Qualified Securitization Transactions;

	     	
	     	     (5) any agreement as in effect as of the Issue Date (including,
without limitation, the Operating Agreement, the agreements relating to
the Receivables Facility and the Tax Sharing Agreement between the
Company and Dana Credit Corporation) or any amendment thereto or any
transaction contemplated thereby (including pursuant to any amendment
thereto) or in any replacement agreement thereto so long as any such
replacement agreement is not more disadvantageous to the Holders in any
material respect than the original agreement as in effect on the Issue
Date;

	     	
	     	     (6) Restricted Payments permitted by this Indenture;

	     	
	     	     (7) loans or advances to employees or consultants in the ordinary
course of business;

	     	
	     	     (8) joint venture partners or purchasers or sellers of goods or
services, in each case in the ordinary course of business (including,
without limitation, pursuant to joint venture agreements) and otherwise
in compliance with the terms of this Indenture which are fair to the
Company or its Restricted Subsidiaries, in the reasonable determination
of the senior management of the Company, or are on terms at least as
favorable as might reasonably have been obtained at such time from an
unaffiliated party; and

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	     	     (9) any employment or compensation arrangement entered into by the
Company or any of its Restricted Subsidiaries in the ordinary course of
business that is not otherwise prohibited by this Indenture.

     SECTION 3.16. Limitation on Guarantees by Restricted
Subsidiaries.

          (a) The Company will not cause or permit any of its Restricted
Subsidiaries, directly or indirectly, to guarantee the payment of any
Indebtedness of the Company unless such Restricted Subsidiary of the Company
simultaneously executes and delivers a supplemental indenture to this Indenture
providing for the guarantee of payment of the Securities (each a “Subsidiary Guarantee”) by such Restricted Subsidiary of the Company
(a “Subsidiary Guarantor”); provided,
any guarantee by a Subsidiary Guarantor of such other Indebtedness:

	     	
	     	     (1) (a) (I) is unsecured or (II) is secured and (A) in the case of
any such guarantee of Indebtedness of the Company ranking pari passu with
the Securities, the relevant Subsidiary Guarantees are secured equally
and ratably with any Liens securing such guarantee and (B) in the case of
any such guarantee of Indebtedness of the Company subordinated to the
Securities, the relevant Subsidiary Guarantees are secured on a basis
ranking prior to the Liens securing such guarantee and

	     	
	     	     (b) (I) in the case of any such guarantee of Indebtedness of the
Company subordinated or junior to the Securities (whether pursuant to its
terms or by operation of law), such guarantee is subordinated pursuant to
a written agreement to the relevant Subsidiary Guarantees at least to the
same extent and in the same manner as such other Indebtedness is
subordinated to the Securities, or (II) the Subsidiary Guarantees are not
subordinated or junior to any Indebtedness of such Subsidiary Guarantor;
and

	     	
	     	     (2) such Subsidiary Guarantor waives, and agrees it will not in any
manner whatsoever claim or take the benefit or advantage of, any rights
of reimbursement, indemnity or subrogation or any other rights against
the Company or any other Subsidiary of the Company as a result of any
payment by it under such Subsidiary Guarantees.

          (b) Notwithstanding the provisions of paragraph (a) of this Section 3.16,
any Subsidiary Guarantee shall provide by its terms that it shall be
automatically and unconditionally released and discharged upon either (i) the
unconditional release or discharge of such Subsidiary Guarantor’s guarantees of
all other Indebtedness of the Company (other than a release resulting from
payment under such Subsidiary Guarantor’s guarantees) or (ii) any sale,
exchange or transfer, to any Person not an Affiliate of the Company, of all
(but not less than all) of the Capital Stock of such Subsidiary Guarantor, or
all or substantially all of the assets of such Subsidiary Guarantor, pursuant
to a transaction which is in compliance with all of the terms of this
Indenture.

          (c) The provisions of paragraph (a) and (b) of this Section 3.16 shall not
apply with respect to

	     	
	     	     (1) guarantees by Restricted Subsidiaries outstanding on the Issue
Date;

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	     	     (2) guarantees of Acquired Indebtedness outstanding at the time that
a Restricted Subsidiary becomes a Subsidiary of the Company; and

	     	
	     	     (3) guarantees by Restricted Subsidiaries of Indebtedness to the
extent such Indebtedness could have been incurred by such Restricted
Subsidiaries pursuant to clause (16) of Section 3.10 hereof (without
duplication in the case of the same Indebtedness being guaranteed by one
or more Restricted Subsidiaries).

     SECTION 3.17. Additional Amounts. All payments of principal, premium, if
any, and interest with respect to the Securities will be made without
withholding or deduction at source for, or on account of, any present or future
taxes, fees, duties, assessments or governmental charges of whatever nature
imposed or levied by the United States or any political subdivision or taxing
authority thereof or therein (collectively, “United States
Taxes”), unless such withholding or deduction is required by (i) the
laws (or any regulations or rulings promulgated thereunder) of the United
States or any political subdivision or taxing authority thereof or therein or
(ii) an official position regarding the application, administration,
interpretation or enforcement of any such laws, regulations or rulings
(including, without limitation, a holding by a court of competent jurisdiction
or by a taxing authority in the United States or any political subdivision
thereof). If a withholding or deduction at source is required on account of
United States Taxes, the Company will, subject to certain limitations and
exceptions (set forth below), pay to a holder of Securities on behalf of an
owner of a beneficial interest therein (an “Owner”) who is
a United States Alien such additional amounts (“Additional Amounts”) as may be
necessary so that every net payment of principal, premium, if any, or interest
with respect to such Securities after such withholding or deduction on account
of United States Taxes, will not be less than the amount provided for in the
Securities. However, the Company shall not be required to make any payment of
Additional Amounts for or on account of:

	     	
	     	     (a) any tax, fee, duty, assessment or other governmental charge
which would not have been imposed but for (1) the existence of any
present or former connection between such Owner and the United States,
including, without limitation, such Owner being or having been a citizen
or resident thereof or being or having been present or engaged in trade
or business therein or having or having had a permanent establishment
therein or any other activities of such Owner (other than merely holding,
disposing of or receiving any payment with respect to, any note), or (2)
the presentation of a Security for payment on a date more than 15 days
after the date on which such payment became due and payable or the date
on which payment thereof is duly provided for, whichever occurs later;

	     	
	     	     (b) any estate, inheritance, gift, sales, transfer, personal
property or similar tax, assessment or other governmental charge;

	     	
	     	     (c) any tax, fee, duty, assessment or other governmental charge
imposed by reason of such Owner’s past or present status as a personal
holding company, foreign personal holding company or controlled foreign
corporation with respect to the United States or as a corporation which
accumulates earnings to avoid United States federal income tax;

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	     	     (d) any tax, fee, duty, assessment or other governmental charge
which is payable otherwise than by withholding from payments of principal
or interest with respect to the Securities;

	     	
	     	     (e) any tax, fee, duty, assessment or other governmental charge
imposed on interest received by anyone who owns (actually or
constructively) 10% or more of the total combined voting power of all
classes of stock of the Company;

	     	
	     	     (f) any tax, fee, duty, assessment or other governmental charge
which would not have been imposed but for the failure to comply with
certification, information or other reporting requirements concerning the
nationality, residence, identity or connection with the United States of
the Owner of such note, if such compliance is required by the laws
(including any administrative regulations) of the United States or any
political subdivision or taxing authority thereof or therein as a
precondition to maximum relief or exemption legally available to such
Owner from such tax, assessment or other governmental charge; or

	     	
	     	     (g) any combination of items (a), (b), (c), (d), (e) and (f); nor
shall Additional Amounts be paid to any holder of a Security on behalf of
any Owner who is a fiduciary or partnership or other than the sole Owner
to the extent a beneficiary or settlor with respect to such fiduciary or
a member of such partnership or Owner would not have been entitled to
payment of the Additional Amounts had such beneficiary, settlor, member
or Owner been the sole Owner of the Security.

     The term “United States Alien’’ means any
corporation, individual, fiduciary or partnership that for United States
federal income tax purposes is a foreign corporation, nonresident alien
individual, nonresident alien fiduciary of a foreign estate or trust, or
foreign partnership one or more members of which is a foreign corporation,
nonresident alien individual or nonresident alien fiduciary of a foreign estate
or trust.

          (a) Whenever there is mentioned in this Indenture, in any context, the
payment of the principal of, or premium, if any, or interest on, or in respect
of, a Security, such mention shall be deemed to include mention of the payment
of Additional Amounts to the extent that, in such context, Additional Amounts
are, were or would be payable in respect thereof pursuant to the provisions of
such Security and express mention of the payment of Additional Amounts (if
applicable) in any provisions hereof shall not be construed as excluding
Additional Amounts in those provisions hereof where such express mention is not
made.

     SECTION 3.18. Offer to Repurchase Upon a Change of Control.

          (a) Upon the occurrence of a Change of Control, each Holder shall have the
right to require the Company to repurchase all or any part (equal to $1,000 or
€1,000, as the case may be, or an integral multiple thereof) of that Holder’s
Securities pursuant to the Change of Control offer on the terms set forth in
this Indenture (a “Change of Control Offer”) at an offer
price in cash equal to 101% of the aggregate principal amount of Securities
repurchased plus accrued and unpaid interest on the Securities repurchased to
the date of purchase (the “Change of

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Control Payment”). Within 30 days following any Change of Control, the
Company shall mail a notice to each Holder stating:

	     	
	     	     (1) the transaction or transactions that constitute the Change of
Control;
	     
	     	     (2) that the Change of Control Offer is being made pursuant to this
Section 3.18 and that all Securities tendered shall be accepted for
payment;
	     
	     	     (3) the purchase price and the purchase date, which date shall be no
earlier than 30 days and no later than 60 days from the date the notice
is mailed (the “Change of Control Payment Date”);
	     
	     	     (4) that any Security not tendered or properly withdrawn shall
continue to accrue interest;
	     
	     	     (5) that, unless the Company defaults in the payment of the Change
of Control Payment, all Securities accepted for payment pursuant to the
Change of Control Offer shall cease to accrue interest after the Change
of Control Payment Date;
	     
	     	     (6) that Holders electing to have any Securities purchased pursuant
to a Change of Control Offer shall be required to surrender the
Securities, with the form entitled “Option of Holder to Elect Purchase”
on the reverse of the Securities completed, to a Paying Agent at the
addresses specified in the notice prior to the close of business on the
third Business Day preceding the Change of Control Payment Date;
	     
	     	     (7) that Holders shall be entitled to withdraw their election if the
applicable Paying Agent receives, not later than the close of business on
the second Business Day preceding the Change of Control Payment Date, a
telegram, telex, facsimile transmission or letter setting forth the name
of the Holder, the principal amount of Securities delivered for purchase,
and a statement that such Holder is withdrawing his election to have the
Securities purchased; and
	     
	     	     (8) that Holders whose Securities are being purchased only in part
shall be issued new Securities equal in principal amount to the
unpurchased portion of the Securities surrendered, which unpurchased
portion must be equal to $1,000 or €1,000, as the case may be, in
principal amount or an integral multiple thereof.

          (b) On the Change of Control Payment Date, the Company shall, to the
extent lawful:

	     	
	     	     (1) accept for payment all Securities or portions of Securities
validly tendered and not properly withdrawn pursuant to the Change of
Control Offer;
	     
	     	     (2) deposit with the Paying Agents, an amount equal to the Change of
Control Payment in respect of all Securities or portions of Securities
properly tendered and not properly withdrawn pursuant to the Change of
Control Offer; and

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	     	     (3) deliver or cause to be delivered to the Trustee the Securities
so accepted together with an Officer’s Certificate stating the aggregate
principal amount of Securities or portions of Securities being purchased
by the Company.

          (c) The Paying Agents shall promptly mail to each Holder of Securities
validly tendered and not properly withdrawn the Change of Control Payment for
such Securities, and the Trustee shall promptly authenticate and mail (or cause
to be transferred by book entry) to each Holder a new Security equal in
principal amount to any unpurchased portion of the Securities surrendered, if
any; provided that each new Security will be in a principal
amount of $1,000 or €1,000, as the case may be, or an integral multiple
thereof.

          (d) The Company shall publicly announce the results of the Change of
Control Offer on or as soon as practicable after the Change of Control Payment
Date.

          (e) The Company shall not be required to make a Change of Control Offer
upon a Change of Control if a third party makes the Change of Control Offer in
the manner, at the times and otherwise in compliance with the requirements set
forth in this Indenture applicable to a Change of Control Offer made by the
Company and purchases all Securities validly tendered and not properly under
such Change of Control Offer.

          (f) The Company shall comply with the requirements of Rule 14e-1 under the
Exchange Act and any other securities laws and regulations thereunder to the
extent those laws and regulations are applicable in connection with the
repurchase of the Securities as a result of a Change of Control. To the extent
that the provisions of any securities laws or regulations conflict with the
Change of Control provisions of this Indenture, the Company shall comply with
the applicable securities laws and regulations and will not be deemed to have
breached its obligations under this Section 3.18 by virtue of such conflict.

     SECTION 3.19. Payments for Consents. Neither the Company nor any of its
Restricted Subsidiaries will, directly or indirectly, pay or cause to be paid
any consideration, whether by way of interest, fees or otherwise, to any Holder
for or as an inducement to any consent, waiver or amendment of any of the terms
or provisions of this Indenture or the Securities unless such consideration is
offered to be paid or is paid to all Holders that consent, waive or agree to
amend in the time frame set forth in the solicitation documents relating to
such consent, waiver or amendment; provided that such
consideration may be paid only with respect to the Dollar Securities or the
Euro Securities to the extent that the consent, waiver or amendment relates
only to such series and requires no action by the other series.

     SECTION 3.20. Further Instruments and Acts. Upon request of the Trustee
or as otherwise necessary, the Company will execute and deliver such further
instruments and do such further acts as may be reasonably necessary or proper
to carry out more effectively the purpose of this Indenture.

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ARTICLE IV

MERGER, CONSOLIDATION OR SALE BY THE COMPANY

        
     SECTION 4.1. Merger, Consolidation, Etc. The Company will not
consolidate with or merge with or into any other Person, or transfer (by lease,
assignment, sale, or otherwise) all or substantially all of its properties and
assets to another Person unless:

          (a) either (1) the Company shall be the continuing or surviving Person in
such a consolidation or merger or (2) the Person (if other than the Company)
formed by such consolidation or into which the Company is merged or to which
all or substantially all of the properties and assets of the Company are
transferred (the Company or such other Person being referred to as the
“Surviving Person”) shall be a corporation organized and
validly existing under the laws of the United States, any state thereof, or the
District of Columbia, and shall expressly assume, by a supplemental indenture,
all the obligations of the Company under the Securities and this Indenture;

          (b) immediately after the transaction and the incurrence or anticipated
incurrence of any Indebtedness to be incurred in connection therewith, no Event
of Default will exist;

          (c) immediately after giving effect to such transaction and the assumption
contemplated by clause (a) above (including giving effect to any Indebtedness
and Acquired Indebtedness incurred or anticipated to be incurred in connection
with or in respect of such transaction), the Surviving Person could incur at
least $1.00 of additional Indebtedness pursuant to clause (1) of Section 3.10
hereof; and

          (d) an Officer’s Certificate has been delivered to the Trustee to the
effect that the conditions set forth in the preceding clauses (a), (b) and, to
the extent then applicable, (c) have been satisfied and an Opinion of Counsel
(from a counsel who shall not be an employee of the Company) has been delivered
to the Trustee to the effect that the conditions set forth in the preceding
clause (a) and, to the extent then applicable, clause (c), have been satisfied.

     Upon any consolidation, merger or transfer in accordance with the
foregoing, the Surviving Person will succeed to and be substituted for the
Company with the same effect as if it had been named herein as a party hereto,
and thereafter the predecessor corporation will be relieved of all obligations
and covenants under the Securities and this Indenture.

ARTICLE V

REDEMPTION OF SECURITIES

     SECTION 5.1. Applicability of Article. The Securities shall be redeemable
in accordance with their terms and in accordance with this Article.

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     SECTION 5.2. Election to Redeem; Notice to Trustee. The election of the
Company to redeem any Securities shall be evidenced by or pursuant to a Board
Resolution. In the case of any redemption at the election of the Company of
less than all the Securities, the Company shall, at least 60 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,
Redemption Price, and the principal amount of Securities to be redeemed.

     SECTION 5.3. Selection of Securities to be Redeemed. If less than all the
Securities are to be redeemed, the aggregate principal amount of Securities to
be redeemed may be allocated between Dollar Securities and Euro Securities by
the Company, in its sole discretion. Subject to the immediately preceding
sentence, the particular Securities to be redeemed will be selected not more
than 60 days prior to the redemption date by the Trustee in compliance with any
applicable rules of the securities exchange, if any, on which the Securities
are listed or, if the Securities are not listed on a securities exchange or if
there are no applicable rules, on a pro rata basis, by lot or by such other
method as the Trustee deems appropriate and fair; 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 of the Dollar Securities or
Euro Securities are to be redeemed, following the determination by the Company
of the principal amounts of each series to be redeemed, the Trustee shall make
the selection from the Securities that have not previously been called for
redemption and may provide for the selection for redemption of portions (equal
to the minimum authorized denomination for the Securities, or any integral
multiple of $1,000 or €1,000, as the case may be, in excess thereof) of the
principal amount of the Securities of a denomination larger than the minimum
authorized denomination for Securities.

     The Trustee shall promptly notify the Company in writing of the Securities
selected for redemption and, in the case of any Securities selected for partial
redemption, the principal amount thereof to be redeemed. If the Company shall
so direct, Securities registered in the name of the Company, any Affiliate of
the Company or any Subsidiary of the Company thereof shall not be included in
the Securities selected for redemption.

     For 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 5.4. Notice of Redemption. Notice of redemption shall be given in
the manner provided for in Section 10.2 not less than 30 nor more than 60 days
prior to the Redemption Date, to each Holder of Securities to be redeemed. The
Trustee shall give notice of redemption in the Company’s name and at the
Company’s expense; provided, however,
that the Company shall deliver to the Trustee, at least 5 days prior to day on
which the Company wishes for the notice of redemption to be given, an Officer’s
Certificate requesting that the Trustee give such notice and setting forth the
information to be stated in such notice as provided in the following items.

     All notices of redemption shall state:

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          (a) the Redemption Date;

          (b) the Redemption Price and the amount of accrued interest to the
Redemption Date payable as provided in Section 5.5 hereof;

          (c) if less than all of the Outstanding Securities are to be redeemed, the
identification (and in the case of partial redemption, the principal amounts)
of the particular Security or Securities to be redeemed;

          (d) in case any Security is to be redeemed in part only, the notice which
relates to such Security shall state that on and after the Redemption Date,
upon surrender of such Security, the Holder will receive, without charge, a new
Security or Securities of authorized denominations for the principal amount
thereof remaining unredeemed;

          (e) the Place of Payment where such Securities are to be surrendered for
payment for the Redemption Price;

          (f) that Securities called for redemption must be surrendered to the
applicable Paying Agent to collect the Redemption Price;

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

          (h) the CUSIP, ISIN and Common Code numbers, if any, of the Securities
being redeemed;

          (i) in the case of a redemption pursuant to Section 5.9, a brief statement
describing the circumstances giving rise to the redemption.

     Notice of redemption of Securities to be redeemed 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.

     SECTION 5.5. Deposit of Redemption Price. On or prior to any Redemption
Date, the Company shall deposit with the Trustee or with the applicable Paying
Agent (or, if the Company is acting as its own Paying Agent, segregate and hold
in trust as provided in Section 3.3) an amount of money
sufficient to pay on the Redemption Date the Redemption Price of, and (unless
the Redemption Date shall be an interest payment date) interest accrued and
unpaid to the Redemption Date on, all Securities or portions thereof which are
to be redeemed on that date.

     SECTION 5.6. Securities Payable on Redemption Date. Notice of redemption
having been given as aforesaid, the Securities so to be redeemed shall, on the
Redemption Date, become due and payable at the Redemption Price therein
specified, and from and after such date (unless the Company shall default in
the payment of the Redemption Price and accrued and unpaid interest thereon)
such Securities shall cease to bear interest. Upon surrender of any such
Security for redemption in accordance with said notice, such Security shall be
paid by the Company at the Redemption Price, together with accrued interest to
the Redemption Date; provided, however, that installments
of interest whose Stated Maturity is on or prior to the Redemption Date shall
be

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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.

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

     SECTION 5.7. Securities Redeemed in Part. Upon surrender of a Security
that is redeemed in part at the office or agency of the Company maintained for
such purpose pursuant to Section 3.2 hereof (with, if the Company or the
Trustee so requires, due endorsement by, or a written instrument of transfer in
form satisfactory to the Company and the Trustee duly executed by, the Holder
thereof or his attorney duly authorized in writing), the Company shall execute
and the Trustee shall authenticate and deliver to the Holder of that Security,
without service charge, a new Security or Securities, having the same form,
terms and Stated Maturity, in any authorized denomination equal in aggregate
principal amount to the unredeemed portion of the principal amount of the
Security surrendered.

     SECTION 5.8. Optional Redemption. The Company may, at its option at any
time, redeem all or part of the Dollar Securities and the Euro Securities. Any
redemption pursuant to this Section 5.8 shall be made pursuant to the
provisions of Section 5.1 through 5.7 hereof. The Redemption Price will equal
the greater of:

          (a) 100% of the principal amount of the Securities to be redeemed plus
accrued and unpaid interest to the Redemption Date; or

          (1) the sum of the present values of the Remaining Scheduled Payments of
principal and interest on the Securities from the Redemption Date to the date
of maturity (except for currently accrued and unpaid interest) discounted to
the Redemption Date, on a semiannual basis (assuming a 360-day year consisting
of twelve 30 day months), at the Treasury Rate plus 35 basis points, in the
case of the Dollar Securities, or at the Bund Rate plus 35 basis points, in the
case of the Euro Securities, plus, in each case, (2) accrued and unpaid
interest to the Redemption Date.

     SECTION 5.9. Redemption for Tax Reasons. The Company may redeem the
Dollar Securities, in whole but not in part, and/or the Euro Securities, in
whole but not in part, at any time at a Redemption Price equal to the principal
amount thereof, together with accrued and unpaid interest to the Redemption
Date, if the Company shall determine, based upon a written opinion of
independent counsel selected by the Company, that as a result of any change in
or amendment to the laws (including any administrative regulations thereunder)
of the United States or of any political subdivision or taxing authority
thereof or therein affecting taxation, which amendment or change is effective
on or after the Issue Date, the Company would be required to pay Additional
Amounts on the occasion of the next payment due with respect to such
Securities. No notice of redemption pursuant to this paragraph shall be given
earlier than 90 days prior to the effective date of such change or amendment
and at the time notice of such redemption is given, such obligation to pay such
Additional Amounts must remain in effect and be unavoidable by the Company’s
taking reasonable measures available to it. Any redemption pursuant to this
Section 5.9 shall be made pursuant to the applicable provisions of Section 5.1
through 5.7 hereof.

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ARTICLE VI

DEFAULTS AND REMEDIES

     SECTION 6.1. Events of Default. An “Event of Default”
occurs with respect to the Securities if any of the following events occur
(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):

          (a) default in the payment of principal of, or premium, if any, on any
Security when due at maturity, upon repurchase, upon acceleration or otherwise,
including, without limitation, failure of the Company to repurchase any
Security on the date required following a Change of Control; or

          (b) default in the payment of any installment of interest on any Security
(including any additional interest to be paid as required by the Registration
Rights Agreement), when due and continuance of such Default for 30 days or
more; or

          (c) failure to observe, perform or comply with any of the applicable
provisions of Section 4.1;

          (d) default (other than a default set forth in paragraphs (a), (b) and (c)
above) in the performance of, or breach of, any other applicable covenant or
warranty of the Company or of any Restricted Subsidiary in this Indenture and
failure to remedy such default or breach within a period of 60 days after
written notice from the Trustee or the Holders of at least 25% in aggregate
principal amount of the then Outstanding Dollar Securities or Euro Securities,
as the case may be;

          (e) default under any mortgage, indenture or instrument under which there
may be issued or by which there may be secured or evidenced any Indebtedness
for money borrowed by the Company or any Restricted Subsidiary of the Company
(or the payment of which is guaranteed by the Company or any Restricted
Subsidiary of the Company), which default results in the acceleration of such
Indebtedness prior to its express maturity and the principal amount of any such
Indebtedness, together with the principal amount of any other such Indebtedness
the maturity of which has been so accelerated, aggregates $100.0 million or
more and such acceleration has not been rescinded or annulled or such
Indebtedness discharged in full within 30 days;

          (f) the entry by a court of competent jurisdiction of one or more
judgments, orders or decrees against the Company or any Restricted Subsidiary
of the Company or any of their respective property or assets in an aggregate
amount in excess of $100.0 million, which judgments, orders or decrees have not
been vacated, discharged, satisfied or stayed pending appeal within 30 days
from the entry thereof and with respect to which legal enforcement proceedings
have been commenced;

          
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          (g) the Company or a Material Subsidiary, pursuant to or within the
meaning of any Bankruptcy Law, (i) commences a voluntary case or proceeding,
(ii) consents to the entry of an order for relief against it in an involuntary
case or proceeding, (iii) consents to the appointment of a Custodian of it or
for all or substantially all of its property, (iv) makes a general assignment
for the benefit of its creditors, (v) makes an admission in writing of its
inability to pay its debts generally as they become due or (vi) takes corporate
action in furtherance of any such action; or

          (h) a court of competent jurisdiction enters an order or decree under any
Bankruptcy Law that (i) is for relief against the Company or a Material
Subsidiary, in an involuntary case, (ii) adjudges the Company or a Material
Subsidiary as bankrupt or insolvent, or approves as properly filed a petition
seeking reorganization, arrangement, and adjustment or composition of or in
respect of the Company or a Material Subsidiary, or appoints a Custodian of the
Company or a Material Subsidiary, or for all or substantially all of its
property, or (iii) orders the liquidation of the Company or a Material
Subsidiary and, in any such case, the decree remains unstayed and in effect for
60 days.

     The Company shall deliver to the Trustee, as soon as practicable (and in
any event no later than the fifth Business Day after any Officer obtains
knowledge of such Default), written notice, in the form of an Officer’s
Certificate, of any Default, its status and what action the Company is taking
or proposes to take with respect thereto.

     SECTION 6.2. Acceleration; Rescission and Annulment. If an Event of
Default (other than an Event of Default specified in Section 6.1(g) or (h)
above involving the Company) occurs and is continuing, then and in every such
case the Trustee or the Holders of not less than 25% in aggregate principal
amount of the then Outstanding Dollar Securities or the then Outstanding Euro
Securities may, and the Trustee shall upon the request of Holders of not less
than 25% in aggregate principal amount of the Dollar Securities or Euro
Securities then Outstanding, declare the unpaid principal of, premium, if any,
and accrued and unpaid interest on all the Dollar Securities or Euro
Securities, as the case may be, then Outstanding to be due and payable, by a
notice in writing to the Company (and to the relevant Trustee, if given by
Holders) and upon such declaration such principal amount, premium, if any, and
accrued and unpaid interest will become immediately due and payable,
notwithstanding anything contained in this Indenture or the Securities to the
contrary. If an Event of Default specified in Section 6.1(g) or (h) above
involving the Company occurs, all unpaid principal of, and premium, if any, and
accrued and unpaid interest on the Securities then Outstanding will ipso facto
become due and payable without any declaration or other act on the part of any
Trustee or any Holder.

     The Holders of a majority in aggregate principal amount of the Dollar
Securities then Outstanding by notice to the Trustee may rescind an
acceleration of the Dollar Securities and its consequences if all existing
Events of Default (other than the nonpayment of principal of and premium, if
any, and interest on the Dollar Securities which 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. The Holders of a majority in
aggregate principal amount of the Euro Securities then Outstanding by notice to
the Trustee may rescind an acceleration of the Euro Securities and its
consequences if all existing Events of Default (other than the nonpayment of
principal of and premium, if any, and interest on the Euro Securities which has
become due

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 solely by virtue of such acceleration) have been cured or waived and if
the rescission would not conflict with any judgment or decree. No such
rescission shall affect any subsequent Default or impair any right consequent
thereto.

     SECTION 6.3. Collection of Indebtedness and Suits for Enforcement by
Trustee. The Company covenants that if:

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

          (b) 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
Holder of such Security, the whole amount then due and payable on such Security
for principal, premium, if any, and interest and, to the extent that payment of
such interest shall be legally enforceable, interest on any overdue principal,
premium, if any, and on any overdue interest, at the rate or rates prescribed
therefor in such Security 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 the Dollar Securities or Euro
Securities occurs and is continuing, the Trustee may in its discretion proceed
to protect and enforce its rights and the rights of the Holders of such
Securities by such appropriate judicial proceedings as the Trustee shall deem
necessary 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 secure any other proper remedy.

     SECTION 6.4. Trustee May File Proofs of Claim. The Trustee may file such
proofs of claim and other papers or documents and take such actions authorized
under the Trust Indenture Act as may be necessary or advisable in order to have
the claims of the Trustee and the Holders of Securities allowed in any judicial
proceedings relating to the Company (or any other obligor upon the Securities),
its creditors or its property. 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 7.9 hereof.

     SECTION 6.5. 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, in its own name as an express trust,
without the possession of any of the Securities or the production thereof in
any proceeding relating thereto and any recovery of judgment shall, after
provision for the reasonable fees and expenses of the Trustee and its

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counsel, be for the ratable benefit of the Holders of the Securities in
respect to which judgment was recovered.

     SECTION 6.6. Delay or Omission Not Waiver. No delay or omission by the
Trustee or any Holder of any Securities to exercise any right or remedy
accruing upon an Event of Default shall impair any such right or remedy or
constitute a waiver of or acquiescence in any such Event of Default.

     SECTION 6.7. Waiver of Past Defaults. (a) In addition to the provisions
of Section 6.2 hereof, the Holders of a majority in aggregate principal amount
of the Dollar Securities then Outstanding by written notice to the Trustee may
waive on behalf of the Holders of all Dollar Securities a past Default or Event
of Default as it relates to the Dollar Securities and its consequences except
(i) a Default or Event of Default in the payment of the principal of, or
premium, if any, or interest, if any, on any Dollar Security or (ii) an Event
of Default resulting from the breach of a covenant or provision hereof which
pursuant to Section 9.2 hereof cannot be amended or modified without the
consent of the Holder of each Outstanding Security adversely affected. Upon
any such waiver, such Default shall cease to exist, and any Event of Default
arising therefrom shall be deemed to have been cured, for every purpose of this
Indenture.

          (b) In addition to the provisions of Section 6.2 hereof, the Holders of a
majority in aggregate principal amount of the Euro Securities then Outstanding
by written notice to the Trustee may waive on behalf of the Holders of all Euro
Securities a past Default or Event of Default as it relates to the Euro
Securities and its consequences except (i) a Default or Event of Default in the
payment of the principal of, or premium, if any, or interest, if any, on any
Euro Security or (ii) an Event of Default resulting from the breach of a
covenant or provision hereof which pursuant to Section 9.2 hereof cannot be
amended or modified without the consent of the Holder of each Outstanding
Security adversely affected. Upon any such waiver, such Default shall cease to
exist, and any Event of Default arising therefrom shall be deemed to have been
cured, for every purpose of this Indenture.

     SECTION 6.8. Control by Majority. The Holders of a majority in aggregate
principal amount of each series of the then Outstanding Securities affected
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 it with respect to such Securities; 
provided, however, that (a) the Trustee may
refuse to follow any direction that conflicts with law or this Indenture (b)
the Trustee may refuse to follow any direction that is prejudicial to the
rights of the Holders of Securities not consenting or that would in the good
faith judgment of the Trustee have a substantial likelihood of involving the
Trustee in personal liability and (c) the Trustee may take any other action
deemed proper by the Trustee which is not inconsistent with such direction.
Prior to the taking of any action hereunder, the Trustee shall be entitled to
reasonable indemnification satisfactory to the Trustee against all losses and
expenses caused by taking or not taking such action. This paragraph shall be
in lieu of Section 316(a)(1)(A) of the Trust Indenture Act and such Section
316(a)(1)(A) is hereby expressly excluded from this Indenture, as permitted by
the Trust Indenture Act.

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     SECTION 6.9. Limitation on Suits by Holders. No Holder of any Security
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:

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

          (b) the Holders of at least 25% in aggregate principal amount of the
Outstanding series of Securities affected have made a written request to the
Trustee to institute proceedings in respect of such Event of Default in its own
name as Trustee hereunder;

          (c) such Holder or Holders have offered to the Trustee indemnity
satisfactory to the Trustee against any loss, liability or expense to be, or
which may be, incurred by the Trustee in pursuing the remedy;

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

          (e) during such 60 day period, the Holders of a majority in aggregate
principal amount of the Outstanding Dollar Securities or Euro Securities, as
the case may be, have not given to the Trustee a direction inconsistent with
such written request.

     No one or more 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 6.10. Rights of Holders to Receive Payment. Notwithstanding any
other provision of this Indenture, but subject to Section 3.2 hereof, the right
of any Holder of a Security to receive payment of principal of, premium, if
any, and, subject to Sections 2.1, 2.3 and 2.13 hereof, interest, on the
Security, on or after the respective due dates expressed in the Security (or,
in case of redemption, on the redemption dates), or, subject to Section 6.9
hereof, to bring suit for the enforcement of any such payment on or after such
respective dates, shall not be impaired or affected without the consent of such
Holder.

     SECTION 6.11. Application of Money Collected. If the Trustee collects any
money pursuant to this Article, it shall pay out the money 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, premium, if any, or
interest, if any, 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 Trustee for amounts due under Section 7.9 hereof;

     Second: to Holders of Dollar Securities and/or Euro Securities in respect
of which or for the benefit of which such money has been collected for amounts
due and unpaid on such Securities for principal of, premium, if any, and
interest, ratably, without preference or priority

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of any kind, according to the amounts due and payable on such Securities
for principal, premium, if any, and interest, respectively; and

     Third: to the Company.

     The Trustee may fix a record date and payment date for any payment to
Holders pursuant to this Section 6.11. At least 15 days before such record
date, the Trustee shall mail to each Holder and the Company a notice that
states the record date, the payment date and the amount to be paid.

     SECTION 6.12. 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 6.13. 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 2.10 hereof, no
right or remedy herein conferred upon or reserved to the Trustee or 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 existing
right or remedy hereunder, or otherwise, shall not prevent the concurrent
assertion or employment of any other appropriate right or remedy.

     SECTION 6.14. Waiver of Usury, Stay or Extension Laws. The Company
covenants (to the extent that it may lawfully do so) that it will not at any
time insist upon, or plead, or in any manner whatsoever claim or take the
benefit or advantage of, any usury, stay or extension law wherever enacted, now
or at any time hereafter in force, which may affect the covenants or the
performance of this Indenture; and the Company (to the extent that it may
lawfully do so) hereby expressly waives all benefit or advantage of any such
law and covenants that it will not hinder, delay or impede the execution of any
power herein granted to the Trustee, but will suffer and permit the execution
of every such power as though no such law had been enacted.

     SECTION 6.15. 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 or omitted by it as Trustee, a court in its discretion may
require the filing by any party litigant in the suit of an undertaking to pay
the costs of the suit, and the court in its discretion may assess reasonable
costs, including reasonable attorneys’ fees and expenses, against any party
litigant in the suit having due regard to the merits and good faith of the
claims or defenses made by the party litigant.

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ARTICLE VII

TRUSTEE

     SECTION 7.1. Certain Duties and Responsibilities of the
Trustee.

          (a) Except during the continuance of an Event of Default, the Trustee’s
duties and responsibilities under this Indenture shall be governed by Section
315(a) of the Trust Indenture Act.

          (b) In case an Event of Default has occurred and is continuing with
respect to the Dollar Securities and/or the Euro Securities, the Trustee shall
exercise the rights and powers vested in it by this Indenture with respect to
such Securities, and shall use the same degree of care and skill in their
exercise, as a prudent person would exercise or use under the circumstances in
the conduct of his own affairs.

          (c) No provision of this Indenture shall be construed to relieve the
Trustee from liability for its own negligent action, its own negligent failure
to act, or its own willful misconduct, except that this subsection shall not be
construed to limit the effect of subsection (a) of this Section; the Trustee
shall not be liable for any error of judgment made in good faith by a
Responsible Officer, unless it shall be proved that the Trustee was negligent
in ascertaining the pertinent facts; and the Trustee shall not be liable with
respect to any action taken or omitted to be taken by it in good faith in
accordance with the direction of the Holders in accordance with Section 6.8
hereof relating to the time, method and place of conducting any proceeding for
any remedy available to the Trustee, or exercising any trust or power conferred
upon the Trustee, under this Indenture.

     SECTION 7.2. Rights of Trustee. Subject to the provisions of the Trust
Indenture Act:

          (a) the Trustee may conclusively rely and shall be protected in acting or
refraining from acting upon any document (whether in its original or facsimile
form) believed by it to be genuine and to have been signed or presented by the
proper party or parties. The Trustee need not investigate any fact or matter
stated in the document;

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

          (c) 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, conclusively rely upon an Officer’s Certificate;

          (d) 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;

          
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          (e) the Trustee may act through agents or attorneys and shall not be
responsible for the misconduct or negligence of any agent or attorney appointed
with due care;

          (f) the Trustee shall not be liable for any action it takes or omits to
take in good faith which it believes to be authorized or within its rights or
powers;

          (g) the Trustee shall not be required 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 its rights or powers;

          (h) the Trustee shall not be bound to make any investigation into the
facts or matters stated in any resolution, certificate, statement, instrument,
opinion, report, notice, request, direction, consent, order, bond, debenture,
note, other evidence of indebtedness or other paper or document, but the
Trustee, in its discretion, may make such further inquiry or investigation into
such facts or matters as it may see fit, and, if the Trustee shall determine to
make such further inquiry or investigation it shall be entitled to examine the
books, records and premises of the Company, personally or by agent or attorney
at the expense of the Company and shall incur no liability of any kind by
reason of such inquiry or investigation;

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

          (j) 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
7.2;

          (k) the rights, privileges, protections, immunities and benefits given to
the Trustee, including, without limitation, its right to be indemnified, are
extended to, and shall be enforceable by, the Trustee in each of its capacities
hereunder, and to each agent, custodian and other Person employed to act
hereunder.

     SECTION 7.3. Trustee May Hold Securities. The Trustee, any Paying Agent,
any 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 310(b) and 311 of the Trust Indenture Act, may otherwise deal with the
Company, an Affiliate of the Company or Subsidiary of the Company with the same
rights it would have if it were not Trustee, Paying Agent, Registrar or such
other agent.

     SECTION 7.4. 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 upon in writing with the
Company.

     SECTION 7.5. Trustee’s Disclaimer. The recitals contained herein and in
the Securities, except the Trustee’s certificate of authentication, shall be
taken as the statements of

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the Company, and the Trustee assumes no responsibility for their
correctness. The Trustee makes no representation as to the validity or
adequacy of this Indenture or the Securities or any coupon. The Trustee shall
not be accountable for the Company’s use of the proceeds from the Securities or
for monies paid over to the Company pursuant to the Indenture.

     SECTION 7.6. Notice of Defaults. If a Default occurs and is continuing
with respect to the Dollar Securities and/or the Euro Securities and if it is
actually known to a Responsible Officer of the Trustee, the Trustee shall,
within 90 days after it occurs, transmit by mail to the relevant Holders of
Securities, in the manner and to the extent provided in Section 313(c) of the
Trust Indenture Act, notice of all Defaults known to it unless such Default
shall have been cured or waived; provided, 
however, that except for a Default or Event of Default (i) in payment
on the Dollar Securities and/or the Euro Securities or (ii) that resulted from
the failure of the Company to comply with the provisions of Section 4.1 or
Section 3.18 hereof , the Trustee may withhold the notice if and so long as its
board of directors, its executive committee or a committee of its Responsible
Officers in good faith determines that withholding such notice is in the
interests of the relevant Holders of Securities.

     SECTION 7.7. Reports by Trustee to Holders. Within 60 days after each May
15 of each year commencing with the first May 15 after the Issue Date, the
Trustee shall transmit by mail to all Holders of Securities as provided in
Section 313(c) of the Trust Indenture Act a brief report dated as of such May
15 if required by and in compliance with Section 313(a) of the Trust Indenture
Act. The Trustee shall also comply with Section 313(b) of the Trust Indenture
Act, if applicable. A copy of each such report required pursuant to Section
313(a) or 313(b) of the Trust Indenture Act shall, at the time of such
transmission to Holders, be filed by the Trustee with each stock exchange, if
any, upon which the Securities are listed, with the Commission and with the
Company. The Company will promptly notify the Trustee when the Securities are
listed on, or delisted from, any stock exchange.

     SECTION 7.8. Securityholder Lists. The Trustee shall preserve in as
current a form as is reasonably practicable the most recent list available to
it of the names and addresses of Holders of the Securities. If the Trustee is
not the Registrar for the Dollar Securities or the Euro Securities, the Company
shall furnish to the Trustee semiannually on or before the last day of June and
December in each year, and at such other times as the Trustee may request in
writing, a list, in such form and as of such date as the Trustee may reasonably
require containing all the information in the possession or control of the
Registrar, the Company or any of its Paying Agents other than the Trustee as to
the names and addresses of Holders of the Securities.

     SECTION 7.9. Compensation and Indemnity.

          (a) The Company shall pay to the Trustee from time to time such reasonable
compensation for its services as the Company and the Trustee shall agree in
writing from time to time. The Trustee’s compensation shall not be limited by
any law on compensation of a trustee of an express trust. The Company shall
reimburse the Trustee upon request for all reasonable out-of-pocket expenses
incurred by it in connection with the performance of its duties under this
Indenture. Such expenses shall include the reasonable compensation and
expenses of the Trustee’s agents and counsel.

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          (b) The Company shall fully indemnify the Trustee or any predecessor
Trustee and their agents for, and hold them harmless against, any and all loss,
liability, damage, claim or expense including reasonable legal fees and
expenses and taxes (other than taxes based upon or determined or measured by
the income of the Trustee) incurred by it arising out of or in connection with
its acceptance or administration of the trust or trusts hereunder, including
the reasonable 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. The Trustee shall notify the Company promptly of any
claim of which a Responsible Officer has received written notice for which it
may seek indemnity. The Company shall defend the claim and the Trustee shall
cooperate in the defense; provided that the Company shall
pay the reasonable fees and expenses of separate counsel, if any, of the
Trustee in connection with such defense only if the actual or potential
defendants in such claim include both the Trustee and the Company, and the
Trustee shall have reasonably concluded that there may be defenses available to
it which are different from or in addition to the defenses which may be
available to the Company or there otherwise exists a conflict of interest. The
Company need not pay for any settlement made without its consent, which consent
shall not be unreasonably withheld.

          (c) The Company need not reimburse any expense or indemnify against any
loss, liability, damage or claim incurred by the Trustee as determined by a
court of competent jurisdiction to have been caused by its own gross negligence
or bad faith or willful misconduct.

          (d) To secure the payment obligations of the Company pursuant to this
Section, the Trustee shall have a lien prior to the Securities on all money or
property held or collected by the Trustee, except that held in trust to pay
principal, premium, if any, and interest on particular Securities.

     When the Trustee incurs expenses or renders services in connection with an
Event of Default specified in Sections 6.1(g) or (h) hereof, 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 and the resignation or removal of the Trustee.

     SECTION 7.10 Replacement of Trustee.

          (a) The resignation or removal of the Trustee and the appointment of a
successor Trustee shall become effective only upon the successor Trustee’s
acceptance of appointment as provided in Section 7.11 hereof.

          (b) The Trustee may resign at any time with respect to the Securities by
giving written notice thereof to the Company.

          (c) The Holders of a majority in aggregate principal amount of the
Outstanding Securities may remove the Trustee by so notifying the Trustee and
the Company and may appoint a successor Trustee with the Company’s consent.

          
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          (d) If at any time:

	          	
	     	     (i) the Trustee fails to comply with Section 310(b) of the
Trust Indenture Act 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
	     
	     	     (ii) the Trustee shall cease to be eligible under Section 7.12
hereof or Section 310(a) of the Trust Indenture Act and shall fail
to resign after written request therefor by the Company or by any
Holder of a Security who has been a bona fide Holder of a Security
for at least six months; or
	     
	     	     (iii) the Trustee becomes incapable of acting, is adjudged a
bankrupt or an insolvent or a receiver or public officer takes
charge of the Trustee or its property or affairs for the purpose of
rehabilitation, conservation or liquidation, then, in any such
case, (A) the Company by or pursuant to a Board Resolution may
remove the Trustee with respect to all Securities, or (B) subject
to Section 315(e) of the Trust Indenture Act, 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.

          (e) If the instrument of acceptance by a successor Trustee required by
Section 7.11 hereof shall not have been delivered to the Trustee within 30 days
after the giving of such notice of resignation or removal, the Trustee
resigning or being removed may petition, at the expense of the Company, any
court of competent jurisdiction for the appointment of a successor Trustee with
respect to the Securities.

          (f) If the Trustee resigns or is removed or if a vacancy exists in the
office of Trustee for any reason, the Company, by or pursuant to a Board
Resolution, shall promptly appoint a successor Trustee and shall comply with
the applicable requirements of Section 7.11 hereof. If, within one year after
such resignation, removal or incapability, or the occurrence of such vacancy, a
successor Trustee shall be appointed by the Holders of a majority in principal
amount of the Outstanding Securities 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 7.11 hereof, become the successor Trustee with respect to the
Securities and to that extent supersede the successor Trustee appointed by the
Company. If no successor Trustee shall have been so appointed by the Company
or the Holders and accepted appointment in the manner required by Section 7.11
hereof, 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 appointment of a successor
Trustee.

     SECTION 7.11. Acceptance of Appointment by Successor.

          (a) In case of the appointment hereunder of a successor Trustee, every
such successor Trustee shall execute, acknowledge and deliver to the Company
and to the retiring

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

          (b) 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 the successor Trustee all such rights, powers and trusts referred to in
paragraph (a) of this Section 7.11.

          (c) No successor Trustee shall accept its appointment unless at the time
of such acceptance such successor Trustee shall be qualified and eligible under
the Trust Indenture Act.

          (d) The Company shall give notice of each resignation and each removal of
the Trustee and each appointment of a successor Trustee in the manner provided
for notices to the Holders of Securities in Section 10.2 hereof. Each notice
shall include the name of the successor Trustee and the address of its
Corporate Trust Office.

     SECTION 7.12. Eligibility; Disqualification. There shall at all times be
a Trustee hereunder which shall be eligible to act as Trustee under Section
310(a)(1) of the Trust Indenture Act and shall have a combined capital and
surplus of at least $50,000,000. If such corporation publishes reports of
condition at least annually, pursuant to law or the requirements of Federal,
State, Territorial or District of Columbia supervising or examining authority,
then, for the purposes of this Section 7.12, the combined capital and surplus
of such corporation shall be deemed to be its combined capital and surplus as
set forth in its most recent report of condition so published. If at any time
the Trustee shall cease to be eligible in accordance with the provisions of
this Section 7.12, it shall resign immediately in the manner and with the
effect heretofore specified in this Article.

     SECTION 7.13. 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 such corporation shall be otherwise qualified and eligible
under this Article, without the execution or filing of any paper or any further
act on the part of any of the parties hereto. In case any Securities shall
have been authenticated, but not delivered, by the Trustee then in office, any
successor by merger, conversion or consolidation to such authenticating Trustee
may adopt such authentication and deliver the Securities so authenticated with
the same effect as if such successor Trustee had itself authenticated such
Securities.

     SECTION 7.14. Appointment of Authenticating Agent. The Trustee may
appoint an Authenticating Agent with respect to the Securities which shall be
authorized to act on behalf of the Trustee to authenticate Securities issued
upon original issue, exchange, registration of

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transfer or partial redemption thereof, 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. Any
such appointment shall be evidenced by an instrument in writing signed by a
Responsible Officer of the Trustee, a copy of which instrument shall be
promptly furnished to the Company. 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.

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

     An Authenticating Agent may at any time resign by giving written notice of
resignation to the Trustee and to the Company. The Trustee may at any time
terminate the agency of an Authenticating Agent by giving written notice of
termination to such Authenticating Agent and to the Company. Upon receiving
such 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 7.14, the Trustee may appoint a successor
Authenticating Agent which shall be acceptable to the Company and shall give
notice of such appointment to all Holders of Securities with respect to which
such Authenticating Agent will serve in the manner set forth in Section 10.2
hereof. 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 herein. No successor Authenticating Agent shall be
appointed unless eligible under the provisions of this Section 7.14.

     The Company agrees to pay to each Authenticating Agent from time to time
reasonable compensation including reimbursement of its reasonable expenses
(including legal fees) for its services under this Section 7.14.

     If an appointment is made pursuant to this Section 7.14, the Securities
may have endorsed thereon, in addition to or in lieu of the Trustee’s
certificate of authentication, an alternate certificate of authentication
substantially in the following form:

     This is one of the Securities described in the within-mentioned Indenture.

	 	 	 
	 	[	 
	 	

	 	as Trustee]
	 	 	 
	 	[by	 
	 	 	

	 	 	as Authenticating Agent]

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	 	by	 
	 	 	

	 	 	Name:
	 	 	Title:
	 	 	 
	 	 	 
	 	Dated:	 
	 	 	

ARTICLE VIII

DISCHARGE OF INDENTURE; DEFEASANCE

     SECTION 8.1. Termination of Company’s Obligations Under this Indenture.
This Indenture shall upon a Company Request cease to be of further effect with
respect to the Securities (except as to any surviving rights of registration of
transfer or exchange of such Securities and replacement of such Securities
which may have been lost, stolen or mutilated as herein expressly provided for)
and the Trustee, at the expense of the Company, shall execute proper
instruments acknowledging satisfaction and discharge of this Indenture with
respect to such Securities when

          (a) either

	          	
	     	     (i) all such Securities previously authenticated and delivered
(other than (A) such Securities which have been lost, stolen or
destroyed and which have been replaced or paid, as provided in
Section 2.10 hereof, and (B) such 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 3.3 hereof)
have been delivered to the Trustee for cancellation; or

	          	
	     	     (ii) all Securities not theretofore delivered to the Trustee
for cancellation have become due and payable and the Company has
irrevocably deposited or caused to be deposited with the Trustee
funds in an amount sufficient to pay and discharge the entire
Indebtedness of the Securities issued hereunder not theretofore
delivered to the Trustee for cancellation, for principal of,
premium, if any, and interest on the Securities issued hereunder to
the date of deposit together with irrevocable instructions from the
Company directing the Trustee to apply such funds to the payment
thereof at maturity; or

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

          (c) the Company delivered to the Trustee an Officer’s 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.

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Notwithstanding the satisfaction and discharge of this Indenture, the
obligation of the Company to the Trustee and any predecessor Trustee under
Section 7.9 hereof, the obligations of the Company to any Authenticating Agent
under Section 7.14 hereof and, if money shall have been deposited with the
Trustee pursuant to subclause (ii) of paragraph (a) of this Section, the
obligations of the Trustee under Section 7.2 hereof and the last paragraph of
Section 3.4 hereof shall survive such satisfaction and discharge.

     SECTION 8.2. Application of Trust Funds. Subject to the provisions of the
last paragraph of Section 3.4 hereof, all money deposited with the Trustee
pursuant to Section 8.1 hereof 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 (excluding the Company
acting as its own Paying Agent) as the Trustee may determine, to the Persons
entitled thereto, of the principal, premium, if any, and interest for whose
payment such money has been deposited with or received by the Trustee, but such
money need not be segregated from other funds except to the extent required by
law.

     SECTION 8.3. Company’s Option to Effect Defeasance or Covenant Defeasance.
The Company may at its option by or pursuant to Board Resolution, at any time,
elect to have Sections 8.4 or 8.5 hereof be applied to Outstanding Dollar
Securities and/or Euro Securities upon compliance with the conditions set forth
below in this Article.

     SECTION 8.4. Defeasance and Discharge. Upon the Company’s exercise of the
option specified in Section 8.3 above applicable to this Section, the Company
shall be deemed to have been discharged from its obligations with respect to
the Dollar Securities and/or Euro
Securities, as the case may be, on and after the date the conditions set forth in Section8.6 hereof are satisfied (hereinafter “defeasance”), subject to reinstatement
pursuant to Section 8.10. For this purpose, such defeasance means that the
Company shall be deemed to have paid and discharged the entire indebtedness
represented by such Securities which shall thereafter be deemed to be
“Outstanding” only for the purposes of Section 8.7 hereof and the other
Sections of this Indenture referred to in clause (b) of this Section, 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 on a Company Order execute proper instruments
acknowledging the same), except the following, which shall survive until
otherwise terminated or discharged hereunder: (a) the rights of Holders of such
Securities to receive, solely from the trust funds described in Section 8.6(a)
hereof and as more fully set forth in such Section, payments in respect of the
principal of, premium, if any, and interest on such Securities when such
payments are due; (b) the Company’s obligations with respect to such Securities
under Sections 2.2, 2.3, 2.4, 2.6, 2.10, 2.12, 3.2, 3.3 and 6.10 hereof; (c)
the rights, powers, trusts, duties and immunities of the Trustee hereunder and
(d) this Article VIII. Subject to compliance with this Article VIII, the
Company may exercise its option under this Section with respect to the Dollar
Securities and/or the Euro Securities notwithstanding the prior exercise of its
option under Section 8.5 hereof with respect to such Securities. Following a
defeasance, payment of such Securities may not be accelerated because of an
Event of Default.

     SECTION 8.5. Covenant Defeasance. Upon the Company’s exercise of the
option specified in Section 8.3 hereof applicable to this Section, the Company
shall be released from its obligations under Article III (other than under
Sections 3.2, 3.3, 3.5, 3.7 and 3.20) and Article IV

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hereof with respect to the Dollar Securities and/or the Euro Securities,
as the case may be, on and after the date the conditions set forth in Section
8.6 hereof are satisfied (hereinafter, “covenant
defeasance”), and such Securities shall thereafter be deemed to be
not “Outstanding” for the purposes of any direction, waiver, consent or
declaration or Act of Holders (and the consequences of any thereof) in
connection with Article III (other than under Sections 3.2, 3.3, 3.5, 3.7 and
3.20) and Article IV hereof, but shall continue to be deemed “Outstanding” for
all other purposes hereunder. For this purpose, such covenant defeasance means
that the Company may omit to comply with and shall have no liability in respect
of any term, condition or limitation set forth in under Article III (other than
under Sections 3.2, 3.3, 3.5, 3.7 and 3.20) and Article IV, but, except as
specified above, the remainder of this Indenture and such Securities shall be
unaffected thereby.

     SECTION 8.6. Conditions to Defeasance or Covenant Defeasance. The
following shall be the conditions to the application of Sections 8.4 or 8.5
hereof to any Securities:

          (a) The Company shall have deposited or caused to be deposited irrevocably
with the Trustee (or another trustee satisfying the requirements of Section
7.12 hereof who shall agree to comply with, and shall be entitled to the
benefits of, the provisions of Sections 8.3 through 8.9 inclusive and the last
paragraph of Section 8.3 hereof applicable to the Trustee, for purposes of such
Sections also a “Trustee”) as trust funds in trust, specifically pledged as
security for, and dedicated solely to, the benefit of the Holders of such
Securities, with instructions to the Trustee as to the application thereof, (A)
in the case of the Dollar Securities, cash in United States dollars, U.S.
Government Obligations which through the payment of interest, if any, and
principal in respect thereof in accordance with their terms will provide, not
later than one day before the due date of any payment referred to in this
Section 8.6(a), money in an amount or a combination thereof and (B) in the case
of the Euro Securities, cash in euros, in either case in an amount sufficient,
without reinvestment, in the opinion of a nationally recognized firm of
independent public accountants, to pay and discharge, and which shall be
applied by the Trustee to pay and discharge the principal of, premium, if any,
and interest on such Securities on the maturity of such principal or
installment of principal or interest. Before making such a deposit, the Company
may make arrangements satisfactory to the Trustee for the redemption or
purchase of Securities at a future date or dates in accordance with Article V
which shall be given effect in applying the foregoing.

          (b) In the case of an election under Section 8.4 hereof, the Company shall
have delivered to the Trustee an Opinion of Counsel to the effect that the
Company has received from, or there has been published by, the Internal Revenue
Service a ruling to the effect that, and based thereon such opinion shall
confirm that, the Holders of such Securities will not recognize income, gain or
loss for Federal income tax purposes as a result of such defeasance and will be
subject to Federal income tax on the same amount and in the same manner and at
the same times, as would have been the case if such deposit, defeasance and
discharge had not occurred.

          (c) In the case of an election under Section 8.5 hereof, the Company shall
have delivered to the Trustee an Opinion of Counsel to the effect that the
Holders of such Securities will not recognize income, gain or loss for Federal
income tax purposes as a result of such covenant defeasance and will be subject
to Federal income tax on the same amounts, in the

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same manner and at the same times as would have been the case if such
covenant defeasance had not occurred.

          (d) No Default or Event of Default under this Indenture shall have
occurred and be continuing immediately after giving effect to the deposit
pursuant to Section 8.6(a) above.

          (e) Such defeasance or covenant defeasance shall not cause the Trustee to
have a conflicting interest with respect to any securities of the Company.

          (f) Such defeasance or covenant defeasance shall not result in a breach or
violation of, or constitute a default under, any material agreement or
instrument to which the Company is a party or by which it is bound.

          (g) The Company shall have delivered to the Trustee an Opinion of Counsel
to the effect that after the 91st day following the deposit, the trust funds
will not be subject to the effect of any applicable bankruptcy, insolvency,
reorganization or similar laws affecting creditors’ rights generally.

          (h) The Company shall have delivered to the Trustee an Officer’s
Certificate and an Opinion of Counsel, each stating that all conditions
precedent under this Indenture to either defeasance or covenant defeasance, as
the case may be, have been complied with.

     SECTION 8.7. Deposited Money and U.S. Government Obligations to Be Held in
Trust. Subject to the provisions of the last paragraph of Section 3.4 hereof,
all money and U.S. Government Obligations (including the proceeds thereof)
deposited with the Trustee pursuant to Section 8.6 hereof 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 Paying Agent (excluding 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,
premium, if any, and interest but such money need not be segregated from other
funds except to the extent required by law.

     SECTION 8.8. Repayment to Company. To the extent permitted by the
Financial Accounting Standards Board Statement of Financial Accounting
Standards No. 76, as amended or interpreted by the Financial Accounting
Standards Board from time to time, or any successor thereto (“Standard No. 76”), or to the extent permitted by the Commission, the
Trustee shall, from time to time, take one or more of the following actions as
specified in a Company Request: (a) retransfer, reassign and deliver to the
Company any securities deposited with the Trustee pursuant to Section 8.6(a)
hereof, provided that the Company shall, in substitution
therefor, simultaneously transfer, assign and deliver to the Trustee other U.S.
Governmental Obligations appropriate to satisfy the Company’s obligations in
respect of the relevant Dollar Securities; and (b) the Trustee and Paying Agent
shall promptly pay to the Company upon Company Request any excess money or
securities held by them at any time, including, without limitation, any assets
deposited with the Trustee pursuant to Section 8.6(a) exceeding those necessary
for the purposes of Section 8.6(a) hereof. The Trustee shall not take the
actions described in subsections (a) and (b) of this Section 8.8 hereof unless
it shall have first received a written report of a nationally recognized firm
of independent public accountants, (i) expressing their opinion that

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the contemplated action is permitted by Standard No. 76 or the Commission
for transactions accounted for as extinguishment of debt under the
circumstances described in paragraph 3.c of Standard No. 76 or any successor
provision, and (ii) verifying the accuracy, after giving effect to such action
or actions, of the computations which demonstrate that the amounts remaining to
be earned on the U.S. Government Obligations deposited with the Trustee
pursuant to Section 8.6(a) will be sufficient for purposes of Section 8.6(a)
hereof.

     SECTION 8.9. Indemnity for U.S. Government Obligations. The Company shall
pay, and shall indemnify the Trustee against, any tax, fee or other charge
imposed on or assessed against U.S. Government Obligations deposited pursuant
to this Article or the principal and interest, if any, and any other amount
received on such U.S. Government Obligations.

     SECTION 8.10. Reinstatement. If the Trustee or any Paying Agent is unable
to apply any money or U.S. Government Securities in accordance with this
Article VIII by reason of any legal proceeding or by reason of any order or
judgment of any court or governmental authority enjoining, restraining or
otherwise prohibiting such application, the obligations of the Company under
this Indenture and the Securities shall be revived and reinstated as though no
deposit had occurred pursuant to this Article VIII until such time as the
Trustee or Paying Agent is permitted to apply all such money or U.S. Government
Securities in accordance with this Article VIII; provided,
however, that, if the Company has made any payment of
interest on or principal of any Securities because of the reinstatement of its
obligations, the Company shall be subrogated to the rights of the Holders of
such Securities to receive such payment from the money or, in the case of
Dollar Securities, U.S. Government Securities held by the Trustee or any Paying
Agent.

          The Trustee’s rights under this Article VIII shall survive termination of
this Indenture and the resignation or removal of the Trustee.

ARTICLE IX

SUPPLEMENTAL INDENTURES

     SECTION 9.1. Supplemental Indentures Without Consent of Holders. Without
the consent of any Holders, the Company, when authorized by or pursuant to a
Board Resolution, and the Trustee at any time and from time to time, may enter
into indentures supplemental hereto, in form reasonably satisfactory to the
Trustee, for any of the following purposes:

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

          (b) to add to the covenants of the Company for the benefit of the Holders
of the Securities or to surrender any right or power herein conferred upon the
Company; provided, however, that in
respect of any such additional covenant such supplemental indenture may provide
for a particular period of grace after Default (which period may be shorter or
longer than

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that allowed in the case of other Defaults) or may limit the remedies
available to the Trustee upon such Default; or

          (c) to add any additional Events of Default with respect to the
Securities; or

          (d) to secure the Securities; or

          (e) to evidence and provide for the acceptance of appointment hereunder by
a successor Trustee 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 trust hereunder by the Trustee, pursuant to the requirements of Section
7.11 hereof; or

          (f) to correct or supplement any provision herein which may be
inconsistent with any other provision herein or to make any other provisions
with respect to matters or questions arising under this Indenture, 
provided such action shall not adversely affect the interests of the
Holders of Securities affected thereby; or

          (g) to cure an ambiguity or correct any mistake or inconsistency,
provided such action shall not adversely affect the
interests of the Holders of Securities; or

          (h) to add a Subsidiary Guarantor pursuant to Section 3.16 and Article X
herein or remove a Subsidiary Guarantor, which, in accordance with the terms of
this Indenture, ceases to be liable in respect of its Subsidiary Guarantee.

     SECTION 9.2. Supplemental Indentures with Consent of Holders. The
Company and the Trustee may supplement and amend this Indenture or the
Securities with the written consent of the Holders of at least a majority in
principal amount of the Securities of each series affected thereby then
Outstanding (including, without limitation, consents obtained in connection
with a purchase of, or tender offer or exchange offer for, Securities).
However, without the consent of each Securityholder affected, a supplement or
amendment may not:

          (a) change the maturity of the principal of or any installment of interest
on any such Security or alter the optional redemption or repurchase provisions
of any such Security or this Indenture in a manner adverse to the Holders of
such Securities;

          (b) reduce the principal amount of (or the premium) of any such Security;

          (c) reduce the rate of or extend the time for payment of interest on any
Security;

          (d) change the place or currency of payment of principal of (or premium)
or interest on any such Security or the obligation on the part of the Company
to pay Additional Amounts;

          (e) modify any provisions of this Indenture relating to the waiver of past
defaults (other than to add sections to this Indenture or the Securities which
do not adversely affect the Holders of Securities) or the right of the Holders
of Securities Outstanding thereunder to institute suit for the enforcement of
any payment on or with respect to any Securities or the

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modification and amendment of this Indenture and any Securities (other
than to add sections to this Indenture or the Securities which may not be
amended, supplemented or waived without the consent of each Holder affected);

          (f) reduce the percentage of the principal amount of outstanding Dollar
Securities and Euro Securities, as the case may be, necessary for amendment to
or waiver of compliance with any provision of the Indenture or the Dollar
Securities and Euro Securities, as the case may be, or for waiver of any
Default in respect thereof;

          (g) waive a default in the payment of principal of, interest on, or
redemption payment with respect to, such Dollar Security or Euro Security
(except a rescission of acceleration of the relevant Securities by the Holders
thereof as provided in this Indenture and a waiver of the payment default that
resulted from such acceleration);

          (h) modify the ranking or priority of the Securities; or

          (i) modify the provisions relating to any Offer to Purchase required under
the covenants set forth in Section 3.12 or Section 3.18 hereof in a manner
materially adverse to the Holders of Securities affected thereby.

     It is not necessary under this Section 9.2 for the Holders to consent to
the particular form of any proposed supplemental indenture, but it is
sufficient if they consent to the substance thereof.

     Upon the request of the Company, accompanied by an Officer’s Certificate
and a Board Resolution of the Company authorizing the execution of any such
supplemental indenture, and upon the filing with the Trustee of evidence of the
consent of Holders as aforesaid, the Trustee shall join with the Company in the
execution of such supplemental indenture unless such supplemental indenture
affects the Trustee’s own rights, duties or immunities under this Indenture or
otherwise, in which case the Trustee may, but shall not be obligated to, enter
into such supplemental indenture.

     SECTION 9.3. Compliance with Trust Indenture Act. Every amendment to this
Indenture or the Securities shall be set forth in a supplemental indenture that
complies with the Trust Indenture Act as then in effect.

     SECTION 9.4. Execution of Supplemental Indentures. In executing, or
accepting the additional trusts created by, any supplemental indenture
permitted by this Article or the modification thereby of the trusts created by
this Indenture, the Trustee shall be entitled to receive, and 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 9.5. 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;

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and every Holder of Securities theretofore or thereafter authenticated and
delivered hereunder shall be bound thereby.

ARTICLE X

MISCELLANEOUS

     SECTION 10.1. Trust Indenture Act Controls. If any provision of this
Indenture limits, qualifies or conflicts with another provision which is
required to be included in this Indenture by the TIA, the provision required by
the TIA shall control.

     SECTION 10.2. Notices. (a) Any notice or communication shall be in
writing, in the English language and delivered in person or mailed by
first-class mail or transmitted by facsimile (with written confirmation of
receipt) addressed as follows:

	 	if to the Company:

	 	Dana Corporation

4500 Dorr Street

Toledo, Ohio 43615

Attention: Treasurer

Facsimile: 419-535-4616

	 	if to the Trustee:

	 	Citibank, N.A.

111 Wall Street, 14th Floor

New York, New York 10005

Attention: Citibank Agency & Trust

Facsimile: (212) 657-3862

	 	if to Citibank, N.A., London Branch:

	 	Citibank, N.A. ., London Branch

Agency and Trust Services

5 Carmelite Street

London EC4Y OPA

Attention: Bonds

Facsimile: 44-20-7508-3878

     A party by notice to the other parties may designate additional or
different addresses for subsequent notices or communications.

     Where this Indenture provides for notice to Securityholders 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
Securityholder affected by such event, at its address as it

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appears in the relevant 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 Securityholders is given by mail, neither the
failure to mail a notice or communication to a Securityholder nor any defect in
any notice so mailed shall affect its sufficiency with respect to other
Securityholders. If a notice or communication is mailed in the manner provided
above, it is duly given, whether or not the addressee receives it. If by reason
of the suspension of regular mail service or by reason of any other cause it
shall be impracticable to give such notice as provided above, then such
notification as shall be made with the approval of the Trustee shall constitute
a sufficient notification for every purpose hereunder.

          (b)  As long as the Securities are listed on the Luxembourg Stock Exchange
and notice is required by the rules of the Luxembourg Stock Exchange, such
notice shall be sufficiently given by publication of such notice to Holders of
the Securities in English in a leading newspaper having general circulation in
Luxembourg (which is expected to be the Luxembourg Wort) or, if such
publication is not practicable, in one other leading English language daily
newspaper with general circulation in Europe, such newspaper being published on
each Business Day in morning editions, whether or not it shall be published in
Saturday, Sunday or holiday editions.

     SECTION 10.3. Communication by Holders with other Holders.
Securityholders may communicate pursuant to TIA §3l2(b) with other
Securityholders with respect to their rights under this Indenture or the
Securities. The Company, the Trustee, the Registrars and anyone else shall
have the protection of TIA §312(c).

     SECTION 10.4. Certificate and Opinion as to Conditions Precedent. Upon
any request or application by the Company to the Trustee to take or refrain
from taking any action under this Indenture, the Company shall furnish to the
Trustee:

          (a) an Officer’s Certificate in form and substance reasonably satisfactory
to the Trustee stating that, in the opinion of the signers, all conditions
precedent, if any, provided for in this Indenture relating to the proposed
action have been complied with; and

          (b) an Opinion of Counsel in form and substance reasonably satisfactory to
the Trustee stating that, in the opinion of such counsel, all such conditions
precedent have been complied with except that in the case of any such
application or request as to which the furnishing of such documents is
specifically required by any provision of this Indenture relating to such
particular application or request, no additional certificate or opinion need be
furnished.

     SECTION 10.5. Statements Required in Certificate or Opinion. Each
certificate or opinion with respect to compliance with a covenant or condition
provided for in this Indenture shall include:

          (a) a statement that the individual making such certificate or opinion has
read such covenant or condition;

          
-101-

          (b) 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;

          (c) a statement that, in the opinion of 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

          (d) a statement as to whether or not, in the opinion of such individual,
such covenant or condition has been complied with.

     In giving such Opinion of Counsel, counsel may rely as to factual matters
on an Officer’s Certificate or on certificates of public officials.

     SECTION 10.6. When Securities Disregarded. In determining whether the
Holders of the required principal amount of Securities have concurred in any
direction, waiver or consent, Securities owned by the Company or by any Person
directly or indirectly controlling or controlled by or under direct or indirect
common control with the Company shall be disregarded and deemed not to be
Outstanding, except that, for the purpose of determining whether the Trustee
shall be protected in relying on any such direction, waiver or consent, only
Securities which the Trustee knows are so owned shall be so disregarded. Also,
subject to the foregoing, only Securities Outstanding at the time shall be
considered in any such determination.

     SECTION 10.7. Rules by Trustee, Registrars and Paying Agents. The Trustee
may make reasonable rules for action by, or a meeting of, Securityholders. The
Registrars and the Paying Agents may make reasonable rules for their functions.

     SECTION 10.8. Legal Holidays. In any case where any interest payment
date, Redemption Date, repurchase date or Stated Maturity of any Security shall
not be a Business Day (each, a “Legal Holiday”), then
(notwithstanding any other provision of this Indenture or of any Security)
payment of principal, premium, if any, or interest, if any, need not be made on
such date, but may be made on the next succeeding Business Day with the same
force and effect as if made on such date; provided that no
interest shall accrue on the amount so payable for the period from and after
such interest payment date, Redemption Date, repurchase date or Stated
Maturity, as the case may be, if the payment is made on the next succeeding
Business Day.

     SECTION 10.9. GOVERNING LAW. THIS INDENTURE, THE SECURITIES AND ANY
SUBSIDIARY GUARANTEES SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH,
THE LAWS OF THE STATE OF NEW YORK. THE COMPANY AGREES TO SUBMIT TO THE
JURISDICTION OF THE COURTS OF THE STATE OF NEW YORK, COUNTY OF NEW YORK, IN ANY
ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THIS INDENTURE AND THE
SECURITIES.

     SECTION 10.10. No Recourse Against Others. An incorporator, director,
officer, employee, stockholder or controlling person, as such, of each of the
Company or any of its Subsidiaries shall not have any liability for any
obligations of the Company under the Securities or this Indenture or for any
claim based on, in respect of or by reason of such obligations or their

-102-

creation. By accepting a Security, each Securityholder shall waive and
release all such liability. The waiver and release shall be part of the
consideration for the issue of the Securities.

     SECTION 10.11. Successors. All agreements of the Company in this
Indenture and the Securities shall bind its successors. All agreements of the
Trustee in this Indenture shall bind its successors.

     SECTION 10.12. Multiple Originals. The parties may sign any number of
copies of this Indenture. Each signed copy shall be an original, but all of
them together represent the same agreement. One signed copy is enough to prove
this Indenture.

     SECTION 10.13. Qualification of Indenture. The Company shall qualify this
Indenture under the TIA in accordance with the terms and conditions of the
Registration Rights Agreement and shall pay all reasonable costs and expenses
(including attorneys’ fees and expenses for the Company and the Trustee)
incurred in connection therewith, including, but not limited to, costs and
expenses of qualification of this Indenture and the Securities and printing
this Indenture and the Securities. The Trustee shall be entitled to receive
from the Company any such Officer’s Certificates, Opinions of Counsel or other
documentation as it may reasonably request in connection with any such
qualification of this Indenture under the TIA.

     SECTION 10.14. Table of Contents; Headings. The table of contents,
cross-reference sheet and headings of the Articles and Sections of this
Indenture have been inserted for convenience of reference only, are not
intended to be considered a part hereof and shall not modify or restrict any of
the terms or provisions hereof.

     SECTION 10.15. Separability. In case any provision of this Indenture or
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 10.16. Benefits of Indenture. Nothing in this Indenture or in the
Securities, expressed or implied, shall give to any Person, other than the
parties hereto and their successors hereunder and the Holders, any benefit or
any legal or equitable right, remedy or claim under this Indenture.

* * * *

-103-

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

	 	 	 
	 	DANA CORPORATION, as issuer
	 
 
	 	By: 	/s/ Robert C. Richter
	 	

	 	
Name: Robert C. Richter

Title: Chief Financial Officer

	 	 	 
	 	CITIBANK, N.A., as

Trustee and as Registrar and Paying Agent

for the Dollar Securities
	 
 
	 	By: 	/s/ P. DeFelice
	 	

	 	
Name: P. DeFelice

Title: Vice President

	 	 	 
	 	CITIBANK, N.A., London Branch, as

Registrar and Paying Agent for the Euro Securities
	 
 
	 	By: 	/s/ David Mares
	 	

	 	
Name: David Mares

Title: Assistant Vice President

-104-

EXHIBIT A

THIS SECURITY HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS
AMENDED (THE “SECURITIES ACT”), OR THE SECURITIES LAWS OF ANY STATE OR OTHER
JURISDICTION. NEITHER THIS SECURITY NOR ANY INTEREST OR PARTICIPATION HEREIN
MAY BE REOFFERED, SOLD, ASSIGNED, TRANSFERRED, PLEDGED, ENCUMBERED OR OTHERWISE
DISPOSED OF IN THE ABSENCE OF SUCH REGISTRATION UNLESS SUCH TRANSACTION IS
EXEMPT FROM, OR NOT SUBJECT TO, SUCH REGISTRATION. THE HOLDER OF THIS SECURITY
BY ITS ACCEPTANCE HEREOF AGREES, ON ITS OWN BEHALF AND ON BEHALF OF ANY
INVESTOR ACCOUNT FOR WHICH IT HAS PURCHASED SECURITIES, TO OFFER, SELL OR
OTHERWISE TRANSFER SUCH SECURITY, PRIOR TO THE DATE (THE “RESALE RESTRICTION
TERMINATION DATE”) THAT IS TWO YEARS AFTER THE LATER OF THE ORIGINAL ISSUE DATE
HEREOF AND THE LAST DATE ON WHICH THE ISSUER OR ANY AFFILIATE OF THE ISSUER WAS
THE OWNER OF THIS SECURITY (OR ANY PREDECESSOR OF SUCH SECURITY), ONLY (A) TO
THE ISSUER, (B) PURSUANT TO A REGISTRATION STATEMENT THAT HAS BEEN DECLARED
EFFECTIVE UNDER THE SECURITIES ACT, (C) FOR SO LONG AS THE SECURITIES ARE
ELIGIBLE FOR RESALE PURSUANT TO RULE 144A UNDER THE SECURITIES ACT, TO A PERSON
IT REASONABLY BELIEVES IS A “QUALIFIED INSTITUTIONAL BUYER” AS DEFINED IN RULE
144A UNDER THE SECURITIES ACT THAT PURCHASES FOR ITS OWN ACCOUNT OR FOR THE
ACCOUNT OF A QUALIFIED INSTITUTIONAL BUYER TO WHOM NOTICE IS GIVEN THAT THE
TRANSFER IS BEING MADE IN RELIANCE ON RULE 144A, (D) PURSUANT TO OFFERS AND
SALES THAT OCCUR OUTSIDE THE UNITED STATES WITHIN THE MEANING OF REGULATION S
UNDER THE SECURITIES ACT, (E) TO AN INSTITUTIONAL “ACCREDITED INVESTOR” WITHIN
THE MEANING OF RULE 501(a)(1), (2), (3) OR (7) UNDER THE SECURITIES ACT THAT IS
ACQUIRING THE SECURITY FOR ITS OWN ACCOUNT, OR FOR THE ACCOUNT OF SUCH AN
INSTITUTIONAL ACCREDITED INVESTOR, IN EACH CASE IN A TRANSACTION INVOLVING A
MINIMUM PRINCIPAL AMOUNT OF THE SECURITIES OF [in the case of Dollar
Securities, insert: $250,000][in the case of Euro Securities, insert:
€250,000], FOR INVESTMENT PURPOSES AND NOT WITH A VIEW TO OR FOR OFFER OR SALE
IN CONNECTION WITH ANY DISTRIBUTION IN VIOLATION OF THE SECURITIES ACT, OR (F)
PURSUANT TO ANY OTHER AVAILABLE EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF
THE SECURITIES ACT, SUBJECT TO THE ISSUER’S AND THE TRUSTEE’S RIGHT PRIOR TO
ANY SUCH OFFER, SALE OR TRANSFER PURSUANT TO CLAUSES (D), (E) AND (F) TO
REQUIRE THE DELIVERY OF AN OPINION OF COUNSEL, CERTIFICATION AND/OR OTHER
INFORMATION SATISFACTORY TO EACH OF THEM. THIS LEGEND WILL BE REMOVED UPON THE
REQUEST OF THE HOLDER AFTER THE RESALE RESTRICTION TERMINATION DATE.

[in the case of Global Dollar Securities, insert: THIS SECURITY IS A GLOBAL
SECURITY WITHIN THE MEANING OF THE INDENTURE HEREINAFTER REFERRED TO. UNLESS
THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY
TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), NEW YORK,

A-1

NEW YORK, TO THE COMPANY OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR
PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR
IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND
ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN
AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR
VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED
OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.

TRANSFERS OF THIS GLOBAL SECURITY SHALL BE LIMITED TO TRANSFERS IN WHOLE, BUT
NOT IN PART, TO NOMINEES OF DTC OR TO A SUCCESSOR THEREOF OR SUCH SUCCESSOR’S
NOMINEE AND TRANSFERS OF PORTIONS OF THIS GLOBAL SECURITY SHALL BE LIMITED TO
TRANSFERS MADE IN ACCORDANCE WITH THE RESTRICTIONS SET FORTH IN THE INDENTURE
REFERRED TO ON THE REVERSE HEREOF.]

[in the case of Global Euro Securities, insert: THIS SECURITY IS A GLOBAL
SECURITY WITHIN THE MEANING OF THE INDENTURE HEREINAFTER REFERRED TO AND IS
REGISTERED IN THE NAME OF A DEPOSITORY OR A NOMINEE THEREOF. UNLESS THIS
CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY, TO
THE COMPANY OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND
ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF THE DEPOSITORY OR IN SUCH
OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY
(AND ANY PAYMENT IS MADE TO THE DEPOSITORY OR TO SUCH OTHER ENTITY AS IS
REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY), ANY TRANSFER,
PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS
WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, THE DEPOSITORY OR ITS
NOMINEE, HAS AN INTEREST HEREIN.

TRANSFERS OF THIS GLOBAL SECURITY SHALL BE LIMITED TO TRANSFERS IN WHOLE, BUT
NOT IN PART, TO NOMINEES OF THE DEPOSITORY OR TO A SUCCESSOR THEREOF OR SUCH
SUCCESSOR’S NOMINEE AND TRANSFERS OF PORTIONS OF THIS GLOBAL SECURITY SHALL BE
LIMITED TO TRANSFERS MADE IN ACCORDANCE WITH THE RESTRICTIONS SET FORTH IN THE
INDENTURE REFERRED TO ON THE REVERSE HEREOF.]

A-2

DANA CORPORATION

9% Note due 2011

	 	 	 
	No. __	 	[$][€]_______

ISIN: _________

[if a Dollar Security, insert: CUSIP: ________]

     DANA CORPORATION, a Virginia corporation (the “Company,” which term includes any successor under the Indenture
hereinafter referred to), for value received, promises to pay
_____________, or its registered assigns, the principal sum of _____________[in the case of Global Securities insert: subject to such
changes as shall be indicated on the Schedule of Increases or Decreases in
Security attached hereto], on August 15, 2011.

     Interest Payment Dates: February 15 and August 15, commencing February 15,
2002.

     Regular Record Dates: February 1 and August 1.

     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.

A-3

     IN WITNESS WHEREOF, the Company has caused this Security to be executed
manually or by facsimile by its duly authorized officer.

	 	 	 
	Dated:	DANA CORPORATION
	 
 
 
	 	By: 
	 	

	 	Name:

Title:

Certificate of Authentication:

This is one of the Securities described in the within-mentioned Indenture.

	 	 	 
	 	CITIBANK, N.A. , as Trustee
	 
 
	 	By: 
	 	

	 	
Name:

Title:
	
	
	
	

	
	
	
	

	
	
	
	

	
	
	
	

	 	Dated:	
	 	 	

A-4

[REVERSE SIDE OF SECURITY]

DANA CORPORATION

9% Note due 2011

     Capitalized terms used herein but not defined shall have the meanings
assigned to them in the Indenture referred to below unless otherwise indicated.

	1.	 	Principal and Interest.

     Dana Corporation, a Virginia corporation (such corporation and its
successors and assigns under the Indenture hereinafter referred to, being
herein called the “Company”), promises to pay interest on
the principal amount of this Security at a rate of 9% per annum from the Issue
Date (as defined in the Indenture referred to below) until repayment at
maturity or redemption. The Company will pay interest semiannually on February
15 and August 15 of each year (each, an “Interest Payment
Date”), commencing February 15, 2002. Interest on the Securities
will accrue from the most recent date to which interest has been paid or, if no
interest has been paid, from the Issue Date. Interest will be computed on the
basis of a 360-day year of twelve 30-day months.

     The Company shall pay interest (including post-petition interest in any
proceeding under any Bankruptcy Law) on overdue principal and premium, if any,
from time to time on demand, to the extent permitted by law, at the rate borne
by this Security; it shall pay interest (including post-petition interest in
any proceeding under any Bankruptcy Law) on overdue installments of interest
(without regard to any applicable grace periods) from time to time on demand at
the same rate to the extent permitted by law.

	2.	 	Additional Amounts

     The Company has agreed that all payments of principal, premium, if any,
and interest with respect to the Securities will be made without withholding or
deduction at source for, or on account of, any present or future taxes, fees,
duties, assessments or governmental charges of whatever nature imposed or
levied by the United States or any political subdivision or taxing authority
thereof or therein (collectively, “United States Taxes”),
unless such withholding or deduction is required by (i) the laws (or any
regulations or rulings promulgated thereunder) of the United States or any
political subdivision or taxing authority thereof or therein or (ii) an
official position regarding the application, administration, interpretation or
enforcement of any such laws, regulations or rulings (including, without
limitation, a holding by a court of competent jurisdiction or by a taxing
authority in the United States or any political subdivision thereof). If a
withholding or deduction at source is required on account of United States
Taxes, the Company will, subject to certain limitations and exceptions set
forth in the Indenture, pay to a holder of Securities on behalf of an owner of
a beneficial interest therein (an “Owner”) who is a United
States Alien such additional amounts (“Additional Amounts”)
as may be necessary so that every net payment of principal, premium, if any, or
interest with respect to such Securities after such withholding or deduction on
account of United States Taxes, will not be less than the amount provided for
in the Securities.

A-5

	3.	 	Method of Payment.

     The Company will pay interest on the principal amount of the Securities as
provided above on each Interest Payment Date, commencing February 15, 2002, to
the persons which are Holders (as reflected in the Register at the close of
business on the February 1 or August 1 immediately preceding the Interest
Payment Date), in each case, even if the Security is canceled on registration
of transfer or registration of exchange after such record date; 
provided that, with respect to the payment of principal, the Company
will make payment to the Holder that surrenders this Security to a Paying Agent
on or after August 15, 2011.

     The Company will pay principal, premium, if any, and interest in [in the
case of Dollar Securities, insert: U.S. Dollars][in the case of Euro
Securities, insert: euros]. If a payment date is a date other than a Business
Day at a place of payment, payment may be made at that place on the next
succeeding day that is a Business Day and no interest shall accrue for the
intervening period.

     Principal of, and premium, if any, and interest on, Definitive Securities
will be payable, and Definitive Securities may be presented for registration of
transfer or exchange, at the office or agency of the Company maintained for
such purpose. Principal of, and premium, if any, and interest on, Global
Securities will be payable by the Company through the Trustee to the Depositary
in immediately available funds. Holders of Definitive Securities will be
entitled to receive interest payments by wire transfer in immediately available
funds if appropriate wire transfer instructions have been received in writing
by the Trustee not less than 15 days prior to the applicable Interest Payment
Date. Such wire instructions, upon receipt by the Trustee, shall remain in
effect until revoked by such Holder. If wire instructions have not been
received by the Trustee with respect to any Holder of a Definitive Security,
payment of interest may be made by check in immediately available funds mailed
to such Holder at the address set forth upon the Register maintained by the
Registrar for this series of Securities.

	4.	 	Paying Agents and Registrar.

     Initially, Citibank, N.A., the Trustee under the Indenture, will act as
Trustee[in the case of Dollar Securities, insert:, Paying Agent in New York
City and Registrar]. [in the case of Euro Securities, insert: Initially,
Citibank, N.A., London Branch, will act as Registrar and a Paying Agent in
London.] Initially, Banque Générale du Luxembourg S.A. will act as Paying Agent
in Luxembourg. The Company may appoint and change the Paying Agent or transfer
agent without notice to any Holder; provided that so long
as the Securities are listed on the Luxembourg Stock Exchange, it will at all
times maintain a Paying Agent in Luxembourg. The Company or any wholly owned
Subsidiary may act as a Paying Agent, Registrar, co-registrar or transfer
agent, subject to certain limitations.

	5.	 	Indenture.

     The Company issued the Initial Securities under an Indenture dated as ofAugust 8, 2001 (the “Indenture”), among the Company, Citibank, N.A., as trustee (the “Trustee”), and registrar
and a paying agent for the Dollar Securities and Citibank, N.A., London Branch,
as registrar and a paying agent for the Euro Securities. The terms of the
Initial Securities include those stated in

A-6

the Indenture and those made part of the Indenture by referenceto the
Trust Indenture Act of 1939, as amended (“TIA”). The
Initial Securities are subject to all such terms, and Holders are referred to
the Indenture and the TIA for a statement of all such terms. To the extent
permitted by applicable law, in the event of any inconsistency between the
terms of this Security and the terms of the Indenture, the terms of the
Indenture shall control.

	6.	 	Exchange Offer.

     In accordance with the terms of the Registration Rights Agreement dated
August 1, 2001, among Deutsche Banc Alex. Brown Inc., J.P. Morgan Securities
Inc., Banc of America Securities LLC, BNP Paribas Securities Corp., BNY Capital
Markets, Inc. Comerica Securities, Inc., Credit Suisse First Boston
Corporation, First Union Securities, Inc., HSBC Securities (USA) Inc., McDonald
Investments Inc., Salomon Smith Barney Inc., TD Securities (USA) Inc. and UBS
Warburg LLC, as initial purchasers, and the Company (the “Registration Rights Agreement”), if the Exchange Offer contemplated
thereby is not completed on or before the date that is nine months after the
Closing Date, the annual interest rate borne by this Security will be increased
by 1.0% per annum until the exchange offer is completed. In addition, in the
event that a shelf registration statement contemplated thereby is not declared
effective within the time periods specified therein, the annual interest rate
borne by this Security will be increased by 1.0% per annum until such shelf
registration statement is declared effective. Whenever there is mentioned
herein, in any context, the payment of interest on this Security, such mention
shall be deemed to include mention of the payment of any additional interest to
the extent that, in such context, any such additional interest is, was or would
be payable in respect thereof pursuant to the provisions of this Security, the
Indenture and the Registration Rights Agreement and express mention of the
payment of additional interest (if applicable) in any provisions hereof shall
not be construed as excluding additional interest in those provisions hereof
where such express mention is not made.

     Notwithstanding any other provision of the Indenture or this Security: (i)
accrued and unpaid interest on the Initial Securities at the time such Initial
Securities are exchanged in the Exchange Offer shall be due and payable on the
next Interest Payment Date for the Exchange Securities following completion of
the Exchange Offer and shall be paid to the Holder on the relevant record date
of the Exchange Securities issued in respect of the Initial Securities
exchanged, and (ii) interest on the Exchange Securities issued in the Exchange
Offer shall accrue from the most recent date to which interest has been paid on
the Initial Securities or, if no interest has been paid, from the Issue Date.

	7.	 	Redemption.

          (a) Optional Redemption. The Company may at its option redeem all or part
of the Securities at any time in whole, or from time to time in part, upon not
less than 30 or not more than 60 days’ prior notice mailed to each Holder to be
so redeemed at such Holders’ registered address. The Redemption Price will
equal the greater of: (i) 100% of the principal amount of the Securities to be
redeemed plus accrued and unpaid interest to the Redemption Date; or (ii) (1)
the sum of the present values of the Remaining Scheduled Payments of principal
and interest on the Securities from the Redemption Date to the date of maturity
(except for currently accrued and unpaid interest) discounted to the Redemption
Date, on a semiannual basis

A-7

(assuming a 360-day year consisting of twelve 30 day months), at [in the
case of Dollar Securities, insert: the Treasury Rate plus 35 basis points][in
the case of Euro Securities, insert: the Bund Rate plus 35 basis points], plus
(2) accrued and unpaid interest to the Redemption Date.

          (b) Redemption for Tax Reasons. The Company may redeem these Securities,
in whole but not in part, at any time at a Redemption Price equal to the
principal amount thereof, together with accrued and unpaid interest to the
Redemption Date, if the Company shall determine, based upon a written opinion
of independent counsel selected by the Company, that as a result of any change
in or amendment to the laws (including any administrative regulations
thereunder) of the United States or of any political subdivision or taxing
authority thereof or therein affecting taxation, which amendment or change is
effective on or after the Issue Date, the Company would be required to pay
Additional Amounts on the occasion of the next payment due with respect to such
Securities. No notice of redemption pursuant to this paragraph shall be given
earlier than 90 days prior to the effective date of such change or amendment
and at the time notice of such redemption is given, such obligation to pay such
Additional Amounts must remain in effect and be unavoidable by the Company’s
taking reasonable measures available to it.

          (c) In the case of any partial redemption, selection of the Securities for
redemption will be made by the Trustee in compliance with the requirements of
the securities exchange, if any, on which the Securities are listed or, if the
Securities are not so listed, then on a pro rata basis, by lot or by such other
method as the Trustee shall deem to be fair and appropriate (and in such manner
as complies with applicable legal requirements) provided
that (i) Securities and portions thereof that the Trustee selects shall be in
amounts of [in the case of Dollar Securities, insert: $1,000 or an integral
multiple of $1,000 and (ii) no such partial redemption shall reduce the portion
of the principal amount of a Security not redeemed to less than $1,000][in the
case of Euro Securities, insert: €1,000 or an integral multiple of €1,000 and
(ii) no such partial redemption shall reduce the portion of the principal
amount of a Security not redeemed to less than €1,000]. If any Security is to
be redeemed in part only, the notice of redemption relating to such Security
shall state the portion of the principal amount thereof to be redeemed. A new
Security in principal amount equal to the unredeemed portion thereof will be
issued in the name of the Holder thereof upon cancellation of the original
Security. On and after the Redemption Date, interest will cease to accrue on
Securities or portions thereof called for redemption as long as the Company has
deposited with the Trustee or with a Paying Agent (or, if applicable,
segregated and held in trust) money sufficient to pay the Redemption Price of,
and accrued and unpaid interest on, all the Securities which are to be redeemed
on such date.

	8.	 	Mandatory Redemption.

     Except as set forth in paragraph 9 below, the Company shall not be
required to make mandatory redemption or sinking fund payments with respect to
the Securities.

	9.	 	Repurchase at Option of Holder.

     If a Change of Control occurs, each Holder shall have the right to require
the Company to repurchase all or any part [in the case of Dollar Securities,
insert: (equal to $1,000 or an integral multiple of $1,000)][in the case of
Euro Securities, insert: (equal to €1,000 or an integral

A-8

multiple of €1,000)] of that Holder’s Securities pursuant to the Change of
Control offer on the terms set forth in this Indenture (a “Change of
Control Offer”). In the Change of Control Offer, the Company shall
offer a Change of Control Payment in cash equal to 101% of the aggregate
principal amount of Securities repurchased plus accrued and unpaid interest on
the Securities repurchased to the date of purchase. Within 30 days following
any Change of Control, the Company shall mail a notice to each Holder as set
forth in the Indenture.

     In the event of certain Asset Dispositions and subject to certain
limitations set forth in the Indenture, the Company shall make an Offer to
Purchase the outstanding applicable issue of Securities at a purchase price in
cash equal to 100% of their principal amount plus any accrued and unpaid
interest thereon to the purchase date.

	10.	 	Denominations; Transfer; Exchange.

     [in the case of Dollar Securities, insert: The Securities are in
registered form without coupons in denominations of $1,000 of principal amount
and integral multiples of $1,000 in excess thereof.][in the case of Euro
Securities, insert: The Securities are in registered form without coupons in
denominations of €1,000 of principal amount and integral multiples of €1,000 in
excess thereof.] A Holder may register the transfer or exchange of Securities
in accordance with the Indenture. The Registrar may require a Holder, among
other things, to furnish appropriate endorsements and transfer documents and
the Company may require a Holder to pay any taxes and fees required by law or
permitted by the Indenture. The Registrar need not register the transfer or
exchange of any Securities selected for redemption. Also, it need not register
the transfer or exchange of any Securities for a period beginning at the
opening of 15 calendar days before the day of any selection of Securities for
redemption under Section 7 hereof and ending at the close of business on the
day of selection.

	11.	 	Persons Deemed Owners.

     The registered Holder of a Security shall be treated as its owner for all
purposes.

	12.	 	Unclaimed Money.

     If money for the payment of principal, premium, if any, or interest
remains unclaimed for two years, the Trustee and the Paying Agents will pay the
money back to the Company at its request. After that, Holders entitled to the
money must look to the Company for payment, unless an abandoned property law
designates another Person, and all liability of the Trustee and such Paying
Agents with respect to such money shall cease.

	13.	 	Discharge Prior to Redemption or Maturity.

     Subject to certain conditions contained in the Indenture, at any time some
or all of the obligations under the Securities and the Indenture may be
terminated if the Company deposits with the Trustee money [in the case of
Dollar Securities, insert: and/or U.S. Government Obligations] sufficient to
pay the principal of, and premium, if any, and interest on, the Securities to
redemption or stated maturity, as the case may be.

A-9

	14.	 	Amendment; Supplement; Waiver.

     Subject to certain exceptions as set forth in the Indenture, with the
written consent of the Holders of a majority of the aggregate principal amount
of the Outstanding Securities adversely affected by such supplemental
indenture, the Company, when authorized by or pursuant to a Board Resolution,
and the Trustee may enter into an indenture or supplemental indentures to add
any provisions to or to change or eliminate any provisions of this Indenture or
of any other supplemental indenture or to modify the rights of the Holders of
such Securities. Without the consent of any Holders, the Company, when
authorized by or pursuant to a Board Resolution and the Trustee at any time and
from time to time, may enter into supplemental indentures, in form reasonably
satisfactory to the Trustee, to, among other things, cure any ambiguity,
mistake or inconsistency provided that such action does
adversely affect the rights of any Holder. The Holders of a majority in
aggregate principal amount of Outstanding Securities by written notice to the
Trustee may waive on behalf of the Holders of all Securities a past Default or
Event of Default and its consequences except (i) a Default or Event of Default
in the payment of the principal of, or premium, if any, or interest, if any, on
any Security or (ii) an Event of Default resulting from the breach of a
covenant or provision hereof which pursuant to the Indenture cannot be amended
or modified without the consent of the Holder of each Outstanding Security
adversely affected.

	15.	 	Restrictive Covenants.

     The Indenture imposes certain limitations on the ability of the Company
and its Restricted Subsidiaries, among other things, to create Liens, incur
Indebtedness and issue Preferred Stock, make Restricted Payments and make Asset
Dispositions. In addition, the Indenture imposes certain limitations on the
ability of the Company to engage in mergers and consolidations or transfers of
all or substantially all of its assets. The Indenture requires the Company to
deliver to the Trustee, within 120 days after the end of each fiscal year of
the Company, an Officer’s Certificate stating that in the course of the
performance by the signer of his duties as an Officer of the Company he would
normally have knowledge of any Default or Event of Default and whether or not
the signer knows of any Default or Event of Default that occurred during such
period. If he does, the certificate shall describe the Default or Event of
Default, its status and what action the Company is taking or proposes to take
with respect thereto.

     After such time as: (1) the Securities have been assigned an Investment
Grade rating by both Rating Agencies; (2) if the Investment Grade rating is
BBB-, in the case of S&P, or Baa3, in the case of Moody’s, it shall not be
accompanied by either (i) in the case of S&P, a negative outlook, creditwatch
negative or the equivalent thereof or (ii) in the case of Moody’s, a negative
outlook, a review for possible downgrade or the equivalent thereof; and (3) no
Default under the Indenture has occurred and is continuing, and notwithstanding
that the Securities may later cease to have an Investment Grade rating by
either or both Rating Agencies or that the Investment Grade rating may later be
accompanied by either or both items (2)(i) or (2)(ii) above, the Company and
its Restricted Subsidiaries will not be subject to certain covenants.

A-10

	16.	 	Defaults and Remedies.

     The Indenture specifies certain Events of Default and remedies. If an
Event of Default occurs and is continuing, the principal amount hereof may be
declared due and payable in the manner and with the effect provided in the
Indenture. Upon such a declaration, such principal amount, premium, if any,
and accrued and unpaid interest will become immediately due and payable. In
the event of certain Events of Default relating to Bankruptcy Law, all unpaid
principal of, premium, if any, and accrued and unpaid interest on the
Securities then outstanding will ipso facto become due and payable.

	17.	 	Trustee Dealings with the Company.

     Subject to certain limitations set forth in the Indenture, the Trustee
under the Indenture, in its individual or any other capacity, may make loans
to, accept deposits from and perform services for the Company or its Affiliates
and may otherwise deal with the Company or its Affiliates as if it were not the
Trustee.

	18.	 	No Recourse Against Others.

     An incorporator, director, officer, employee, stockholder or controlling
person, as such, of each of the Company or its Subsidiaries shall not have any
liability for any obligations of the Company under the Securities, this
Indenture or for any claim based on, in respect of or by reason of such
obligations or their creation. By accepting a Security, each Securityholder
shall waive and release all such liability. The waiver and release shall be
part of the consideration for the issue of the Securities.

	19.	 	Authentication.

     This Security shall not be valid until the Trustee (or authenticating
agent) executes the certificate of authentication on the other side of this
Security.

	20.	 	Abbreviations.

     Customary abbreviations may be used in the name of a Holder or an
assignee, such as: TEN COM (= tenants in common), TEN ENT (= tenants by the
entireties), JT TEN (= joint tenants with right of survivorship and not as
tenants in common), CUST (= Custodian) and U/G/M/A (= Uniform Gifts to Minors
Act).

	21.	 	Additional Rights of Holders of Transfer Restricted Securities.

     In addition to the rights provided to Holders under the Indenture, Holders
of Transfer Restricted Securities shall have all the rights set forth in the
Registration Rights Agreement.

	22.	 	GOVERNING LAW.

     THIS SECURITY SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE
LAWS OF THE STATE OF NEW YORK. THE COMPANY AGREES TO SUBMIT TO THE
JURISDICTION OF THE COURTS OF

A-11

THE STATE OF NEW YORK, COUNTY OF NEW YORK IN ANY ACTION OR PROCEEDING
ARISING OUT OF OR RELATING TO THIS SECURITY.

	23.	 	Successor Corporation.

     In the event a successor corporation assumes all the obligations of the
Company under the Securities and the Indenture, pursuant to the terms thereof,
the Company will be released from all such obligations.

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

	 	Dana Corporation

4500 Dorr Street

Toledo, Ohio 43615

Attention: Treasurer

A-12

ASSIGNMENT FORM

     To assign this Security, fill in the form below and have your signature
guaranteed: (I) or (we) assign and transfer this Security to:

(Insert assignee’s soc. sec. or tax I.D. no.)

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

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

Dated:___________________________

	 	 	 
	 	Your Name:	 
	 	 	

	 	 	(Print your name exactly as it appears
on the face of this Security)
	 	 	 
	 	 	 
	 	Your Signature:	 
	 	 	

	 	 	(Sign exactly as your name appears on
the face of this Security)

Signature Guarantee*:__________________________

     *     Participant in a recognized Signature Guarantee Medallion Program (or
other signature guarantor acceptable to the Trustee).

A-13

OPTION OF HOLDER TO ELECT PURCHASE

     If you want to elect to have this Security purchased by the Company
pursuant to Section 3.13 or Section 3.18 of the Indenture, please check the
appropriate box:

[   ] Section 3.13                                     [   ] Section 3.18

     If you want to elect to have only part of the Security purchased by the
Company pursuant to Section 3.13 or Section 3.18 of the Indenture, state the
amount you elect to have purchased:

[$][€]________________

Date:______________________

	 	 	 
	 	Your Signature:	 
	 	 	

	 	 	(Sign exactly as your name appears
on the face of this Security)

	 	 	 
	 	Tax Identification No.:	 
	 	 	

Signature Guarantee*: _____________________________

*     Participant in a recognized Signature Guarantee Medallion Program (or other
signature guarantor acceptable to the Trustee).

A-14

[in the case of Global Securities, insert:

SCHEDULE OF INCREASES OR DECREASES IN GLOBAL SECURITY

     The initial principal amount of this Global Security is [$][€]________.
The following increases or decreases in this Global Security have been made:

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	Principal Amount of	 	Signature of
	 	 	 	Amount of decrease in	 	Amount of increases in	 	this Global Security	 	authorized officer of
	Date of	 	 	Principal Amount of	 	Principal Amount of	 	following such	 	Trustee or
	Exchange	 	 	This Global Security	 	this Global Security	 	decrease (or increase)	 	Depositary
	
	 	 	
	 	
	 	
	 	

A-15

EXHIBIT B

[in the case of Global Dollar Securities, insert: THIS SECURITY IS A
GLOBAL SECURITY WITHIN THE MEANING OF THE INDENTURE HEREINAFTER REFERRED TO.
UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE
DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), NEW YORK, NEW YORK,
TO THE COMPANY OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT,
AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH
OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY
PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN
AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR
VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED
OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.

TRANSFERS OF THIS GLOBAL SECURITY SHALL BE LIMITED TO TRANSFERS IN WHOLE, BUT
NOT IN PART, TO NOMINEES OF DTC OR TO A SUCCESSOR THEREOF OR SUCH SUCCESSOR’S
NOMINEE AND TRANSFERS OF PORTIONS OF THIS GLOBAL SECURITY SHALL BE LIMITED TO
TRANSFERS MADE IN ACCORDANCE WITH THE RESTRICTIONS SET FORTH IN THE INDENTURE
REFERRED TO ON THE REVERSE HEREOF.]

[in the case of Global Euro Securities, insert: THIS SECURITY IS A GLOBAL
SECURITY WITHIN THE MEANING OF THE INDENTURE HEREINAFTER REFERRED TO AND IS
REGISTERED IN THE NAME OF A DEPOSITORY OR A NOMINEE THEREOF. UNLESS THIS
CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY, TO
THE COMPANY OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND
ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF THE DEPOSITORY OR IN SUCH
OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY
(AND ANY PAYMENT IS MADE TO THE DEPOSITORY OR TO SUCH OTHER ENTITY AS IS
REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY), ANY TRANSFER,
PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS
WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, THE DEPOSITORY OR ITS
NOMINEE, HAS AN INTEREST HEREIN.

TRANSFERS OF THIS GLOBAL SECURITY SHALL BE LIMITED TO TRANSFERS IN WHOLE, BUT
NOT IN PART, TO NOMINEES OF THE DEPOSITORY OR TO A SUCCESSOR THEREOF OR SUCH
SUCCESSOR’S NOMINEE AND TRANSFERS OF PORTIONS OF THIS GLOBAL SECURITY SHALL BE
LIMITED TO TRANSFERS MADE IN ACCORDANCE WITH THE RESTRICTIONS SET FORTH IN THE
INDENTURE REFERRED TO ON THE REVERSE HEREOF.]

B-1

DANA CORPORATION

9% Note due 2011

	 	 	 
	No. __	 	[$][€]________

ISIN: _________

[if a Dollar Security, insert: CUSIP: __________]

     DANA CORPORATION, a Virginia corporation (the “Company,” which term includes any successor under the Indenture
hereinafter referred to), for value received, promises to pay
___________, or its registered assigns, the principal sum of
___________[in the case of Global Securities insert: subject to such
changes as shall be indicated on the Schedule of Increases or Decreases in
Security attached hereto], on August 15, 2011.

     Interest Payment Dates: February 15 and August 15, commencing February 15,
2002.

     Regular Record Dates: February 1 and August 1.

     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.

B-2

     IN WITNESS WHEREOF, the Company has caused this Security to be executed
manually or by facsimile by its duly authorized officer.

	 	 	 
	Dated:	DANA CORPORATION
	 
 
 
	 	By: 
	 	

	 	Name:

Title:

Certificate of Authentication:

This is one of the Securities described in the within-mentioned Indenture.

	 	 	 
	 	CITIBANK, N.A. , as Trustee
	 
 
	 	By: 
	 	

	 	
Name:

Title:

	 	Dated:	

	 		

B-3

[REVERSE SIDE OF SECURITY]

DANA CORPORATION

9% Note due 2011

     Capitalized terms used herein but not defined shall have the meanings
assigned to them in the Indenture referred to below unless otherwise indicated.

	1.	 	Principal and Interest.

     Dana Corporation, a Virginia corporation (such corporation and its
successors and assigns under the Indenture hereinafter referred to, being
herein called the “Company”), promises to pay interest on
the principal amount of this Security at a rate of 9% per annum from the most
recent date to which interest has been paid on the Initial Securities in
respect of which this Security has been issued in exchange or, if no interest
has been paid, from the Issue Date (as defined in the Indenture referred to
below) until repayment at maturity or redemption. The Company will pay interest
semiannually on February 15 and August 15 of each year
(each, an “Interest Payment Date”), commencing February 15, 2002. Interest will
be computed on the basis of a 360-day year of twelve 30-day months.

     The Company shall pay interest (including post-petition interest in any
proceeding under any Bankruptcy Law) on overdue principal and premium, if any,
from time to time on demand, to the extent permitted by law, at the rate borne
by this Security; it shall pay interest (including post-petition interest in
any proceeding under any Bankruptcy Law) on overdue installments of interest
(without regard to any applicable grace periods) from time to time on demand at
the same rate to the extent permitted by law.

	2.	 	Additional Amounts

     The Company has agreed that all payments of principal, premium, if any,
and interest with respect to the Securities will be made without withholding or
deduction at source for, or on account of, any present or future taxes, fees,
duties, assessments or governmental charges of whatever nature imposed or
levied by the United States or any political subdivision or taxing authority
thereof or therein (collectively, “United States Taxes”),
unless such withholding or deduction is required by (i) the laws (or any
regulations or rulings promulgated thereunder) of the United States or any
political subdivision or taxing authority thereof or therein or (ii) an
official position regarding the application, administration, interpretation or
enforcement of any such laws, regulations or rulings (including, without
limitation, a holding by a court of competent jurisdiction or by a taxing
authority in the United States or any political subdivision thereof). If a
withholding or deduction at source is required on account of United States
Taxes,

B-4

the Company will, subject to certain limitations and exceptions set forth
in the Indenture, pay to a holder of Securities on behalf of an owner of a
beneficial interest therein (an “Owner”) who is a United
States Alien such additional amounts (“Additional Amounts”)
as may be necessary so that every net payment of principal, premium, if any, or
interest with respect to such Securities after such withholding or deduction on
account of United States Taxes, will not be less than the amount provided for
in the Securities.

	3.	 	Method of Payment.

     The Company will pay interest on the principal amount of the Securities as
provided above on each Interest Payment Date, commencing February 15, 2002, to
the persons which are Holders (as reflected in the Register at the close of
business on the February 1 or August 1 immediately preceding the Interest
Payment Date), in each case, even if the Security is canceled on registration
of transfer or registration of exchange after such record date; 
provided that, with respect to the payment of principal, the Company
will make payment to the Holder that surrenders this Security to a Paying Agent
on or after August 15, 2011.

     The Company will pay principal, premium, if any, and interest in [in the
case of Dollar Securities, insert: U.S. Dollars][in the case of Euro
Securities, insert: Euros. If a payment date is a date other than a Business
Day at a place of payment, payment may be made at that place on the next
succeeding day that is a Business Day and no interest shall accrue for the
intervening period.

     Principal of, and premium, if any, and interest on, Definitive Securities
will be payable, and Definitive Securities may be presented for registration of
transfer or exchange, at the office or agency of the Company maintained for
such purpose. Principal of, and premium, if any, and interest on, Global
Securities will be payable by the Company through the Trustee to the Depositary
in immediately available funds. Holders of Definitive Securities will be
entitled to receive interest payments by wire transfer in immediately available
funds if appropriate wire transfer instructions have been received in writing
by the Trustee not less than 15 days prior to the applicable Interest Payment
Date. Such wire instructions, upon receipt by the Trustee, shall remain in
effect until revoked by such Holder. If wire instructions have not been
received by the Trustee with respect to any Holder of a Definitive Security,
payment of interest may be made by check in immediately available funds mailed
to such Holder at the address set forth upon the Register maintained by the
Registrar for this series of Securities.

	4.	 	Paying Agents and Registrar.

     Initially, Citibank, N.A., the Trustee under the Indenture, will act as
Trustee[in the case of Dollar Securities, insert:, Paying Agent in New York
City and Registrar]. [in the case of Euro Securities, insert: Initially,
Citibank, N.A., London Branch, will act as Registrar and a Paying Agent in
London.] Initially, Banque Générale du Luxembourg S.A. will act as Paying Agent
in

B-5

Luxembourg. The Company may appoint and change the Paying Agent or
transfer agent without notice to any Holder; provided that
so long as the Securities are listed on the Luxembourg Stock Exchange, it will
at all times maintain a Paying Agent in Luxembourg. The Company or any wholly
owned Subsidiary may act as a Paying Agent, Registrar, co-registrar or transfer
agent, subject to certain limitations.

	5.	 	Indenture.

     The Company issued the Securities under an Indenture dated as of August 8,
2001 (the “Indenture”), among the Company, Citibank, N.A.,
as trustee (the “Trustee”), and registrar and a paying agent for the Dollar
Securities and Citibank, N.A., London Branch, as registrar and a paying agent
for the Euro Securities. The terms of the Securities include those stated in
the Indenture and those made part of the Indenture by reference to the Trust
Indenture Act of 1939, as amended (“TIA”). The Securities
are subject to all such terms, and Holders are referred to the Indenture and
the TIA for a statement of all such terms. To the extent permitted by
applicable law, in the event of any inconsistency between the terms of this
Security and the terms of the Indenture, the terms of the Indenture shall
control.

	6.	 	Redemption.

          (a) Optional Redemption. The Company may at its option redeem all or part
of the Securities at any time in whole, or from time to time in part, upon not
less than 30 or not more than 60 days’ prior notice mailed to each Holder to be
so redeemed at such Holders’ registered address. The Redemption Price will
equal the greater of: (i) 100% of the principal amount of the Securities to be
redeemed plus accrued and unpaid interest to the Redemption Date; or (ii) (1)
the sum of the present values of the Remaining Scheduled Payments of principal
and interest on the Securities from the Redemption Date to the date of maturity
(except for currently accrued and unpaid interest) discounted to the Redemption
Date, on a semiannual basis (assuming a 360-day year consisting of twelve 30
day months), at [in the case of Dollar Securities, insert: the Treasury Rate
plus 35 basis points][in the case of Euro Securities, insert: the Bund Rate
plus 35 basis points], plus (2) accrued and unpaid interest to the Redemption
Date.

          (b) Redemption for Tax Reasons. The Company may redeem these Securities,
in whole but not in part, at any time at a Redemption Price equal to the
principal amount thereof, together with accrued and unpaid interest to the
Redemption Date, if the Company shall determine, based upon a written opinion
of independent counsel selected by the Company, that as a result of any change
in or amendment to the laws (including any administrative regulations
thereunder) of the United States or of any political subdivision or taxing
authority thereof or therein affecting taxation, which amendment or change is
effective on or after the Issue Date, the Company would be required to pay
Additional Amounts on the occasion of the next payment due with respect to such
Securities. No notice of redemption pursuant to this paragraph shall be given
earlier than 90 days prior to the effective date of such

B-6

change or amendment and at the time notice of such redemption is given,
such obligation to pay such Additional Amounts must remain in effect and be
unavoidable by the Company’s taking reasonable measures available to it.

          (c) In the case of any partial redemption, selection of the Securities for
redemption will be made by the Trustee in compliance with the requirements of
the securities exchange, if any, on which the Securities are listed or, if the
Securities are not so listed, then on a pro rata basis, by lot or by such other
method as the Trustee shall deem to be fair and appropriate (and in such manner
as complies with applicable legal requirements) provided
that (i) Securities and portions thereof that the Trustee selects shall be in
amounts of [in the case of Dollar Securities, insert: $1,000 or an integral
multiple of $1,000 and (ii) no such partial redemption shall reduce the portion
of the principal amount of a Security not redeemed to less than $1,000][in the
case of Euro Securities, insert: €1,000 or an integral multiple of €1,000 and
(ii) no such partial redemption shall reduce the portion of the principal
amount of a Security not redeemed to less than €1,000]. If any Security is to
be redeemed in part only, the notice of redemption relating to such Security
shall state the portion of the principal amount thereof to be redeemed. A new
Security in principal amount equal to the unredeemed portion thereof will be
issued in the name of the Holder thereof upon cancellation of the original
Security. On and after the Redemption Date, interest will cease to accrue on
Securities or portions thereof called for redemption as long as the Company has
deposited with the Trustee or with a Paying Agent (or, if applicable,
segregated and held in trust) money sufficient to pay the Redemption Price of,
and accrued and unpaid interest on, all the Securities which are to be redeemed
on such date.

	7.	 	Mandatory Redemption.

     Except as set forth in paragraph 8 below, the Company shall not be
required to make mandatory redemption or sinking fund payments with respect to
the Securities.

	8.	 	Repurchase at Option of Holder.

     If a Change of Control occurs, each Holder shall have the right to require
the Company to repurchase all or any part [in the case of Dollar Securities,
insert: (equal to $1,000 or an integral multiple of $1,000)][in the case of
Euro Securities, insert: (equal to €1,000 or an integral multiple of €1,000)]
of that Holder’s Securities pursuant to the Change of Control offer on the
terms set forth in this Indenture (a “Change of Control
Offer”). In the Change of Control Offer, the Company shall offer a
Change of Control Payment in cash equal to 101% of the aggregate principal
amount of Securities repurchased plus accrued and unpaid interest on the
Securities repurchased to the date of purchase. Within 30 days following any
Change of Control, the Company shall mail a notice to each Holder as set forth
in the Indenture.

     In the event of certain Asset Dispositions and subject to certain
limitations set forth in the Indenture, the Company shall make an Offer to
Purchase the outstanding applicable issue of

B-7

Securities at a purchase price in cash equal to 100% of their principal
amount plus any accrued and unpaid interest thereon to the purchase date.

	9.	 	Denominations; Transfer; Exchange.

     [in the case of Dollar Securities, insert: The Securities are in
registered form without coupons in denominations of $1,000 of principal amount
and integral multiples of $1,000 in excess thereof.][in the case of Euro
Securities, insert: The Securities are in registered form without coupons in
denominations of €1,000 of principal amount and integral
multiples of €1,000 in
excess thereof.] A Holder may register the transfer or exchange of Securities
in accordance with the Indenture. The Registrar may require a Holder, among
other things, to furnish appropriate endorsements and transfer documents and
the Company may require a Holder to pay any taxes and fees required by law or
permitted by the Indenture. The Registrar need not register the transfer or
exchange of any Securities selected for redemption. Also, it need not register
the transfer or exchange of any Securities for a period beginning at the
opening of 15 calendar days before the day of any selection of Securities for
redemption under Section 7 hereof and ending at the close of business on the
day of selection.

	10.	 	Persons Deemed Owners.

     The registered Holder of a Security shall be treated as its owner for all
purposes.

	11.	 	Unclaimed Money.

     If money for the payment of principal, premium, if any, or interest
remains unclaimed for two years, the Trustee and the Paying Agents will pay the
money back to the Company at its request. After that, Holders entitled to the
money must look to the Company for payment, unless an abandoned property law
designates another Person, and all liability of the Trustee and such Paying
Agents with respect to such money shall cease.

	12.	 	Discharge Prior to Redemption or Maturity.

     Subject to certain conditions contained in the Indenture, at any time some
or all of the obligations under the Securities and the Indenture may be
terminated if the Company deposits with the Trustee money [in the case of
Dollar Securities, insert: and/or U.S. Government Obligations] sufficient to
pay the principal of, and premium, if any, and interest on, the Securities to
redemption or stated maturity, as the case may be.

	13.	 	Amendment; Supplement; Waiver.

     Subject to certain exceptions as set forth in the Indenture, with the
written consent of the Holders of a majority of the aggregate principal amount
of the Outstanding Securities adversely affected by such supplemental
indenture, the Company, when authorized by or pursuant to a

B-8

Board Resolution, and the Trustee may enter into an indenture or
supplemental indentures to add any provisions to or to change or eliminate any
provisions of this Indenture or of any other supplemental indenture or to
modify the rights of the Holders of such Securities. Without the consent of
any Holders, the Company, when authorized by or pursuant to a Board Resolution
and the Trustee at any time and from time to time, may enter into supplemental
indentures, in form reasonably satisfactory to the Trustee, to, among other
things, cure any ambiguity, mistake or inconsistency 
provided that such action does adversely affect the rights of any
Holder. The Holders of a majority in aggregate principal amount of Outstanding
Securities by written notice to the Trustee may waive on behalf of the Holders
of all Securities a past Default or Event of Default and its consequences
except (i) a Default or Event of Default in the payment of the principal of, or
premium, if any, or interest, if any, on any Security or (ii) an Event of
Default resulting from the breach of a covenant or provision hereof which
pursuant to the Indenture cannot be amended or modified without the consent of
the Holder of each Outstanding Security adversely affected.

	14.	 	Restrictive Covenants.

     The Indenture imposes certain limitations on the ability of the Company
and its Restricted Subsidiaries, among other things, to create Liens, incur
Indebtedness and issue Preferred Stock, make Restricted Payments and make Asset
Dispositions. In addition, the Indenture imposes certain limitations on the
ability of the Company to engage in mergers and consolidations or transfers of
all or substantially all of its assets. The Indenture requires the Company to
deliver to the Trustee, within 120 days after the end of each fiscal year of
the Company, an Officer’s Certificate stating that in the course of the
performance by the signer of his duties as an Officer of the Company he would
normally have knowledge of any Default or Event of Default and whether or not
the signer knows of any Default or Event of Default that occurred during such
period. If he does, the certificate shall describe the Default or Event of
Default, its status and what action the Company is taking or proposes to take
with respect thereto.

     After such time as: (1) the Securities have been assigned an Investment
Grade rating by both Rating Agencies; (2) if the Investment Grade rating is
BBB-, in the case of S&P, or Baa3, in the case of Moody’s, it shall not be
accompanied by either (i) in the case of S&P, a negative outlook, creditwatch
negative or the equivalent thereof or (ii) in the case of Moody’s, a negative
outlook, a review for possible downgrade or the equivalent thereof; and (3) no
Default under the Indenture has occurred and is continuing, and notwithstanding
that the Securities may later cease to have an Investment Grade rating by
either or both Rating Agencies or that the Investment Grade rating may later be
accompanied by either or both items (2)(i) or (2)(ii) above, the Company and
its Restricted Subsidiaries will not be subject to certain covenants.

B-9

15.     Defaults and Remedies.

     The Indenture specifies certain Events of Default and remedies. If an
Event of Default occurs and is continuing, the principal amount hereof may be
declared due and payable in the manner and with the effect provided in the
Indenture. Upon such a declaration, such principal amount, premium, if any,
and accrued and unpaid interest will become immediately due and payable. In
the event of certain Events of Default relating to Bankruptcy Law, all unpaid
principal of, premium, if any, and accrued and unpaid interest on the
Securities then outstanding will ipso facto become due and payable.

	16.	 	Trustee Dealings with the Company.

     Subject to certain limitations set forth in the Indenture, the Trustee
under the Indenture, in its individual or any other capacity, may make loans
to, accept deposits from and perform services for the Company or its Affiliates
and may otherwise deal with the Company or its Affiliates as if it were not the
Trustee.

	17.	 	No Recourse Against Others.

     An incorporator, director, officer, employee, stockholder or controlling
person, as such, of each of the Company or its Subsidiaries shall not have any
liability for any obligations of the Company under the Securities, this
Indenture or for any claim based on, in respect of or by reason of such
obligations or their creation. By accepting a Security, each Securityholder
shall waive and release all such liability. The waiver and release shall be
part of the consideration for the issue of the Securities.

	18.	 	Authentication.

     This Security shall not be valid until the Trustee (or authenticating
agent) executes the certificate of authentication on the other side of this
Security.

	19.	 	Abbreviations.

     Customary abbreviations may be used in the name of a Holder or an
assignee, such as: TEN COM (= tenants in common), TEN ENT (= tenants by the
entireties), JT TEN (= joint tenants with right of survivorship and not as
tenants in common), CUST (= Custodian) and U/G/M/A (= Uniform Gifts to Minors
Act).

	20.	 	Additional Rights of Holders of Transfer Restricted Securities.

     In addition to the rights provided to Holders under the Indenture, Holders
of Transfer Restricted Securities shall have all the rights set forth in the
Registration Rights Agreement.

B-10

	21.	 	GOVERNING LAW.

     THIS SECURITY SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE
LAWS OF THE STATE OF NEW YORK. THE COMPANY AGREES TO SUBMIT TO THE
JURISDICTION OF THE COURTS OF THE STATE OF NEW YORK, COUNTY OF NEW YORK IN ANY
ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THIS SECURITY.

	22.	 	Successor Corporation.

     In the event a successor corporation assumes all the obligations of the
Company under the Securities and the Indenture, pursuant to the terms thereof,
the Company will be released from all such obligations.

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

	 	Dana Corporation

4500 Dorr Street

Toledo, Ohio 43615

Attention: Treasurer

B-11

ASSIGNMENT FORM

     To assign this Security, fill in the form below and have your signature
guaranteed: (I) or (we) assign and transfer this Security to:

(Insert assignee’s soc. sec. or tax I.D. no.)

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

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

Dated:___________________________

	 	 	 
	 	Your Name:	 
	 	 	

	 	 	(Print your name exactly as it appears
on the face of this Security)
	 	 	 
	 	 	 
	 	Your Signature:	 
	 	 	

	 	 	(Sign exactly as your name appears on
the face of this Security)

Signature Guarantee*:__________________________

     *     Participant in a recognized Signature Guarantee Medallion Program (or
other signature guarantor acceptable to the Trustee).

B-12

OPTION OF HOLDER TO ELECT PURCHASE

     If you want to elect to have this Security purchased by the Company
pursuant to Section 3.13 or Section 3.18 of the Indenture, please check the
appropriate box:

[   ] Section 3.13                           [   ] Section 3.18

     If you want to elect to have only part of the Security purchased by the
Company pursuant to Section 3.13 or Section 3.18 of the Indenture, state the
amount you elect to have purchased:

[$][€]________________

Date:_______________________

	 	 	 
	 	Your Signature:	 
	 	 	

	 	 	(Sign exactly as your name appears on the
face of this Security)

	 	 	 
	 	Tax Identification No.:	 
	 	 	

Signature Guarantee*: _____________________________

*     Participant in a recognized Signature Guarantee Medallion Program (or other
signature guarantor acceptable to the Trustee).

B-13

[in the case of Global Securities, insert:

SCHEDULE OF INCREASES OR DECREASES IN GLOBAL SECURITY

     The
initial principal amount of this Global Security is
[$][€]_________.
The following increases or decreases in this Global Security have been made:

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	Principal Amount of	 	Signature of
	 	 	 	 	Amount of decrease in	 	Amount of increases in	 	this Global Security	 	authorized officer of
	Date of	 	Principal Amount of	 	Principal Amount of	 	following such	 	Trustee or
	Exchange	 	This Global Security	 	this Global Security	 	decrease (or increase)	 	Depositary
	
	 	
	 	
	 	
	 	

B-14

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