Document:

exv10w3

Exhibit 10.3

Confidential Treatment Request

[*] indicates information that has been omitted pursuant to a confidential treatment request and
this information has been filed separately with the Securities and Exchange Commission.

The Centralized Energy Supply Contract

in the Form of an Energy Management Contract

of Su-Tong Science & Technology Park

Party A: The General Administrative Office of Su-Tong Science and Technology Park

Address: 1088 Xinghu Boulevard, Nantong Municipality, Jiangsu Province, China

Legal Representative: Ge Liang

Position: Director

Postal Code: 226009

Tel: 0513-8598 5010

Party B: Nobao Energy (Nantong) Co., Ltd.

Address: 15 Latitude 14 Road, Su-Tong Science and Technology Park

Legal Representative: Kwok Ping Sun

Position: Chairman

Postal Code: 226009

Tel: 021-66520666

Venue of Execution: Nantong Municipality, Jiangsu Province

	1.	 	The Su-Tong Science and Technology Park (the “Su-Tong Park”) is a hi-tech, eco-efficient,
internationalized and composite “an eco-friendly town and international entrepreneurship park”
that integrates production, livelihood, commerce, trade, and residence into one community.
The entire Su-Tong Park is characterized by its green concept, energy conservation,
environmental protection and low carbon emissions, and one of its primary principles is
environmental balance. Party A has agreed that the urban public utilities should cover the
Centralized Energy Supply of heating, cooling and hot water services to a total GFA of 50
million square meters of new buildings in the Su-Tong Park and has designated Party B as the
sole provider of heating, cooling and hot water services using the ground source heat pump
(“GSHP”) systems under Nobao brand for the occupants of the Su-Tong Park.

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	2.	 	Party A and Party B agree to conduct cooperation under the EMC model for the Centralized
Energy Supply by GSHP-based heating, cooling and hot water supply systems for the Su-Tong Park
(hereinafter referred to as the “Project”). For such purpose, Party B shall invest in and
construct GSHP-based heating, cooling and hot water supply systems with a value of RMB32.5
billion (RMB thirty-two billion five hundred million) for a total GFA of 50 million square
meters of buildings in the Su-Tong Park. Party B shall invest in the construction of the
Project (including the laying of pipes for drawing part of the water from the Yangtze River,
the laying of outdoor pipes underground, the installation of terminals inside the premises of
the users, and the construction and installation of the equipment rooms), the ownership of
which shall be vested in Party B, and 10% of the total cost of the construction of the main
pipe that will draw water from the Yangtze River shall be reimbursed by Party A.
	 
	3.	 	If any matters covered in this Contract are governed by any specific national regulations,
such regulations shall apply. The Project under this Contract shall be implemented in
coordination with the various phases of development of the Su-Tong Park. If any adjustment is
necessary during the implementation of the Project, the parties may make appropriate additions
or amendments to this Contract.
	 
	 	 	After amicable consultation and based upon a true and full expression of their respective
intensions, Party A and Party B have come to agree as follows in accordance with the
Contract Law of the People’s Republic of China and other applicable laws and regulations and
both of them hereby agree to abide by such agreement.

Article 1 Terms and Definitions

	1.1	 	“Energy Management Contract” or “EMC” means a business model under which an energy management
solutions company enters into an energy management contract with a customer, under which the
company will provide to the customer a series of energy management services including project
design, project financing, equipment procurement, project construction, equipment installation
and commissioning, and energy services, and the company will recover its investment and reap a
profit by collecting energy management fees from customers.
	 
	1.2	 	“Party A” means the general administrative office that is authorized by the People’s
Government of Nantong to develop, construct and operate the Su-Tong Science & Technology Park,
and its legal representative is Ge Liang.
	 
	1.3	 	“Party B” means the fully-integrated energy management solutions provider which integrates
research and development, consultancy, design, production, distribution, installation and
energy services by utilizing shallow-layer ground heat energy through ground source heat
pumps, and its legal representative is Kwok Ping Sun.
	 
	1.4	 	“Gloss Floor Area” or “GFA” means the aggregate floor area within the outer walls of each
floor in the residential buildings, including usable floor area, supplemental area and
structural area.

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	1.5	 	“Centralized Energy Supply” means a manner of energy supply by which energy (including
heating, cooling, and hot water) is supplied to the multiple users in the area covered by this
Contract by one or more energy supply stations through common pipes, and equipment rooms
within the various buildings.
	 
	1.6	 	“Centralized Energy Supply Facilities” mean the GSHP-based centralized heating, cooling and
hot water supply system, including pipes laid for drawing water from the Yangtze River,
outdoors pipes laid underground, terminals installed inside the premises of the users, and
equipment rooms within the buildings.
	 
	1.7	 	“Centralized Energy Supply Connection Fees” mean connection fees collected by a Centralized
Energy Supply company for the installation of the Centralized Energy Supply Facilities within
customers’ premises.

Article 2 Overview and Term of the Project

	2.1	 	Overview of the Project

     The Project is located in the Su-Tong Park with a Gross Floor Area of 50 million square
meters.

	2.1	 	Term of the Project

     The term for collecting energy management fees for the Centralized Energy Supply under each
EMC pursuant to this Contract shall be 25 years, starting from the date of the Centralized Energy
Supply Facilities, i.e., GSHP-based heating, cooling and hot water supply systems, are installed,
commissioned, and delivered to Party A. Upon expiration of such term, the parties shall enter into
a separate cooperation contract.

Article 3 Design, Construction and Installation of the Project

	3.1	 	Design of the Project

     (i) Party A shall promptly provide information and data needed for the laying of the main pipe
for drawing water from the Yangtze River and the location, design and construction of the pump
station as reasonably required by Party B and ensure that such information and data are true,
accurate and complete. Party B shall be responsible for the design of technical proposals and
construction drawings in accordance with the relevant provisions of national regulations and on the
basis of the information and data provided by Party A, subject to the confirmation by Party A and
Party B through consultation. Once the design of the Project has been confirmed by both of the
parties, neither party shall make any modifications of it without the consent of the other party
unless the parties agree to any such modification.

     (ii) The number of Nobao-brand energy-efficient air-conditioning modules Party B will provide
for use in the Centralized Energy Supply under the Project is tentatively determined

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to be 20,000 sets. Party B shall have the right to withdraw any spare modules, provided that
the needs of the users are satisfied and, as the Project coordinator, Party A shall extend active
assistance in such withdrawal.

	3.2	 	Laying, Construction and Installation of the Main Pipes for Drawing Water from the Yangtze
River

     (i) Party A shall incorporate the construction of the Project into urban public infrastructure
construction for the Su-Tong Park. Party A will undertake and reimburse the Party B for 10% of the
total investment in the construction of the main pipes that will draw water from the Yangtze River.
In addition, Party A shall coordinate the applications for government approval and inspection in
connection with water conservancy, the location of the water intake point and the pump station, and
the planning and design of the pipeline.

     (ii) Party B shall carry out the construction and installation of the pipes required for
drawing water from the Yangtze River under the Project in accordance with the technical proposals
and construction drawings as well as the other provisions of this Contract and the relevant
provisions of national regulations. The specific construction period shall be agreed to by the
parties through consultation in accordance with Party A’s overall construction plan.

     (iii) Party A shall provide necessary office space for Party B’s personnel during the
preparatory stage and coordinate arrangements for the accommodation and boarding of Party B’s
construction personnel during the construction stage and the related expenses shall be borne by
Party B.

     (iv) Party A shall provide space required for the construction and installation of the Project
at no charge in accordance with the progress of the construction of civil engineering works and the
pipeline drawings (including such space along the length of the main pipes for drawing water from
the Yangtze River and at the site of the pump station and the power supply required for such
construction and installation).

     (v) If, for any special reason, the parties should jointly decide not to draw water from the
Yangtze River, in which case Party B would have to lay all the pipes underground, in consideration
of the extra investment Party B would have to make, Party A agrees to make Party B a supplementary
payment in the amount of RMB ten million.

	3.3	 	Party A undertakes to coordinate the execution of the specific contract by Party B and
occupants of the Su-Tong Park covering the following construction conditions:

     (i) Occupants of the Su-Tong Park shall promptly provide information and data required for the
design and construction of the Project and ensure that such information and data are true, accurate
and complete.

     (ii) Occupants of the Su-Tong Park shall provide Party B with space for the construction and
installation of the Project at no charge in accordance with the progress of the construction of
civil engineering works and the pipeline drawings as well as with the

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	*	 	Confidential treatment requested. The redacted material has been separately filed with the
Securities and Exchange Commission.

requirements with respect to the installation of energy-efficient air conditioners (including
but not limited to spaces where holes are to be bored through the outer walls, spaces where indoor
terminals are to be installed and spaces where the equipment is to be installed).

     (iii) Upon delivery of Party B’s relevant energy-efficient air-conditioning equipment and
materials at the site of the Project, occupants of the Su-Tong Park shall provide space at no
charge for the storage of such equipment and materials.

     (iv) Occupants of the Su-Tong Park shall provide the electric cables required for the
equipment rooms and extend such cables to the posts on the switch boxes, install separate
time-of-use meters, provide the water supply and drainage points, and supply power to the terminals
to be installed by Party B. If any equipment rooms are to be installed on the roofs as required by
the construction plan of the Project, occupants of the Su-Tong Park shall reinforce the roofs and
extend the electric cables to the locations to be designated by Party B.

     (v) The water and electricity charges to be incurred during the construction and commissioning
of the Project shall be borne by occupants of the Su-Tong Park.

Article 4 Centralized Energy Supply Temperature Range and Energy Management Fees

4.1      Party B shall ensure that the temperatures at the air blowing terminals are in the range of 22
to 26 degrees Celsius in the summer and 16 to 20 degrees Celsius in the winter, and that the
temperature of the hot water supplied ranges between 45 to 50 degrees Celsius.

4.2      Party B will collect the energy management fees for the Centralized Energy Supply from the
occupants of the Su-Tong Park based on different rates, energy supply hours and calculation methods
depending on the usage of the buildings and the buildings in the Su-Tong Park will be used as
government buildings, commercial office buildings, schools, hospitals, shopping malls, apartments,
factories and hotels. Party B will begin to collect energy management fees for the Centralized
Energy Supply from the end users within three months after completion of the installation,
commissioning and inspection of its equipment. If such equipment fails to be put into
operation three months later, a vacancy fee shall be paid to Party B
at the monthly rate of RMB [*] per
square meter.

The energy management fee rates and the Centralized Energy Supply hours are set forth below:

     (i) for buildings to be used as government buildings, commercial office buildings, schools,
hospitals, and shopping malls, the energy management fees shall be calculated at an hourly rate of
RMB [*] per square meter on the basis of the Gross Floor Area noted on the building property title
certificate, the number of days a user in the Su-Tong Park actually uses such supply and the number
of hours of such use each day. The minimum usage requirement of the Centralized Energy Supply is
eight hours per day and, if the daily usage falls below eight hours, it shall be deemed eight
hours; and the minimum annual usage requirement of the Centralized Energy Supply is seven months
and, if the annual usage falls below seven months, it shall be deemed seven months.

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	 	*	 	Confidential treatment requested. The redacted material has been separately filed with the
Securities and Exchange Commission.

     (ii) for buildings to be used as hotels, the energy management fees shall be calculated at an
annual rate of RMB [*] per square meter on the basis of the Gross Floor
Area noted on the building property title certificate, and the Centralized Energy Supply will be
made available round-the-clock for the whole year including cooling, heating and hot water supply.

     (iii) for buildings to be used as factories, the energy management fees shall be calculated at
an hourly rate of RMB [*] per square meter on the basis of the Gross Floor Area noted on the
building property title certificate. The minimum usage requirement of the Centralized Energy
Supply is eight hours per day and, if the daily usage falls below eight hours, it shall be deemed
eight hours; and the minimum annual usage requirement of the Centralized Energy Supply is seven
months and, if the annual usage falls below seven months, it shall be deemed seven months.

     If the floor height of a factory building exceeds 6 meters, the rates of charges for the
Centralized Energy Supply to the part above 6 meters shall be agreed to through consultation on the
basis of the energy load of such building.

     (iv) for the buildings to be used as residential apartments, the energy management fees shall
be calculated at the rate of RMB [*] per KW of cooling service in summer and at the rate of RMB
[*] per KW of heating service in winter and the charges for hot water shall be calculated at the
rate of RMB [*] per cubic meter. The Centralized Energy Supply under these volume-based rates will
be made available round-the-clock for the whole year.

     (v) Connection Fee, which shall be calculated at the rate of RMB 50 per square meter on the
basis of the Gross Floor Area of the area to be covered by the Centralized Energy Supply.

     (vi) The above-mentioned rates to be charged for the Centralized Energy Supply shall be set on
the basis of the prevailing rates charged for electricity. If any adjustment is made in the
electricity tariff, the rates to be charged for the Centralized Energy Supply shall be adjusted by
the same percentage.

4.3      Starting from the date Party B begins to collect energy management fees from occupants of the
Park for the Centralized Energy Supply, the electricity costs for operating the energy-efficient
air-conditioning modules, fan coil units and new air fans shall be borne by Party B. If the rates
charged for the Centralized Energy Supply have to be approved, ratified or authorized by the
competent authorities in accordance with the relevant laws and regulations, Party A shall assist
Party B in handling the legal procedure for such rates to be approved, ratified or authorized in
accordance with the relevant laws and regulations.

4.4      Methods of the Calculation of the Fees for Centralized Energy Supply

     The fees for Centralized Energy Supply shall be calculated with two methods, which are (i) one
based on fixed rates and (ii) one based on the volume of energy consumed. The

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calculation method based on fixed rates shall be applicable to Articles 4.2(i), (ii) and (iii)
and the method based on the volume of energy consumed shall be applicable to Article 4.2(iv).

Article 5 Party A’s Obligations

5.1      In the investment agreements Party A will enter into with those enterprises which are to make
investments in the Su-Tong Park, Party A shall specify that no energy-intensive or highly pollutant
equipment such as oil, coal or gas-fired boilers shall be used for any air-conditioning system in
the Su-Tong Park.

     During the stage of invitation of investments from outside parties, Party A shall introduce
and promote the Project to the potential users in the Su-Tong Park, and inform them that the
Project has been incorporated into the construction of the urban public infrastructure.

     The relevant buildings in the Su-Tong Park in which Party A has made investments in their
construction shall principally use the central air-conditioning and hot water supply system under
the Project.

5.2      In the overall planning of the power distribution in the Su-Tong Park, Party A shall make a
reasonable distribution of power capacity among the buildings by taking into full consideration the
energy-saving features of the GSHP-based central air-conditioning in order to prevent waste of
power capacity.

5.3      Party A or any competent agency designated by Party A shall coordinate with Party B or any
company authorized by Party B to enter into a “Green Energy Conservation and Centralized Energy
Supply Contract” with the occupants in the Su-Tong Park. If any change occurs to the ownership of
the buildings in the Su-Tong Park upon completion of their construction, Party A or any competent
agency designated by Party A shall with Party B or any company authorized by Party B to enter into
a separate “Green Energy Conservation and Centralized Energy Supply Contract” with the new owners.

5.4      Party A shall assist Party B in making applications to the governmental authoritiesfor the
policy support and fund awards for which the relevant energy conservation projects are eligible,
preparing the relevant documents and materials, assessing the relevant projects, and organizing
such applications, and any subsidies or awards that may be obtained as a result of such application
shall be owned by Party B.

5.5      In consideration of the fact that the GSHP-based central air-conditioning system equipped with
ground source heat pumps to be installed by Party B is a recycled energy project strongly
encouraged and supported by the governmental authorities and, in accordance with the relevant
national policies concerning energy-efficient industries, Party A, as the Project coordinator,
shall be obligated to assist Party B in making an application for preferential electricity rates to
the provincial or national power supply authorities or other competent authorities in the region
where Party B is located.

Article 6 Party B’s Obligations

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6.1      Party B shall provide to the occupants in the Su-Tong Park safe and stable services through the
Centralized Energy Supply and ensure that the energy-efficient air conditioners will be in normal
operation, i.e. such air conditioners will switch on, operate, and switch off at or during the
times as agreed to with the occupants in the Su-Tong Park, and the terminal temperatures will be as
agreed in this Contract.

6.2      Party B shall be responsible for the maintenance of the Centralized Energy Supply Facilities
under the Project during the term of this Contract and carry out such maintenance on a regular
basis so as to ensure the required energy supply through the Centralized Energy Supply. Within two
hours of receipt of a report for repairs from any occupant in the Su-Tong Park during the period of
Centralized Energy Supply, Party B shall arrive at the location where repairs are required and
Party B warrants that, in an emergency, the breakdown that occurs to any air-conditioning equipment
will be fixed within 6 hours from its occurrence.

6.3      Upon execution of this Contract, Party B shall provide necessary technology, business training
and promotional literature to Party A’s relevant personnel. During Party A’s invitation of
investments from outside parties, Party B shall make arrangements for its relevant personnel to
assist Party A in promoting the Project to the occupants in the Su-Tong Park and advising them on
it during the entire process. In addition, Party B shall provide necessary technical parameters to
highlight the advantages of the Project such as the green concept, energy conservation,
environmental protection and low carbon emissions.

6.4      Party B shall complete the construction of the Project within the construction period as agreed
to by the parties except to the extent the construction period is prolonged without Party B’s
fault. Party B shall ensure that its personnel will be in strict compliance with the provisions of
national regulations, and the regulations specified by Party A on safety and sanitation at the
construction site, and obey Party A’s reasonable orders on location, and carry out the construction
of the Project in a safe and civilized way. In the course of the construction, Party B shall avoid
any pipes and lines Party A has laid and, if any construction has to be carried out on a greenbelt
or a paved road, Party B shall restore such area or road to its original state upon completion of
such construction.

6.5      Party B shall provide the brand-new unused equipment with the quality and performance meeting
the relevant standards of national regulations in accordance with the provisions of this Contract.
The installation and debugging of Party B’s equipment shall be in compliance with the relevant
standards and norms of national regulations.

6.6      For the occupant in the Su-Tong Park who has any special technical requirements that Party B’s
technology and equipment can not satisfy or the use of the Centralized Energy Supply under the
Project would result in a cost increase for the occupant in the Su-Tong Park, the relevant
provisions of this Contract are not binding.

6.7      Party B shall not: (a) make any adjustments in the energy fee or the connection fee for the
Centralized Energy Supply without authorization; (b) suspend or close its operation; or (c) suspend
or reduce its supply when conduct the Centralized Energy Supply services based on

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GSHP technology. Party B shall conduct its business operations in strict compliance with the
relevant standards and norms and shall not endanger public interests or public safety.

Article 7 Ownership and Risk Sharing

7.1      The ownership of all the Centralized Energy Supply Facilities under the Project shall be vested
in Party B. Upon the expiration of this Contract, such ownership shall be transferred to Party A.

7.2      The ownership of the property under the Project shall not be transferred as a result of Party
A’s breach of contract or earlier termination of this Contract.

7.3      If, during the term of this Contract, any of the indoor Centralized Energy Supply Facilities
which are taken care of by the occupants in the Su-Tong Park is stolen, lost or damaged, such
occupant shall compensate Party B for any losses that may be incurred as a result and Party A shall
urge such occupant to pay Party B such compensation.

Article 8 Liabilities for Breach of Contract

8.1      If either of the following events occurs, the breaching party shall be in fundamental breach of
contract and the other party shall have the right to terminate this Contract and require that the
breaching party pay liquidated damages in accordance with the provisions of laws or this Contract:

     (i) Party B has failed to complete the investment in and the installation of the GSHP-based
centralized heating, cooling and hot water supply system for the Centralized Energy Supply as
agreed in this Contract; or

     (ii) Party B has failed to provide the energy services for the Centralized Energy Supply on
time or has failed to provide the after-sales maintenance services as agreed in this Contract.

8.2      Provided this Contract has been executed and Party B has commenced the construction of the
Project, Party A shall compensate Party B for all the losses it may incur (including but not
limited to the total amount of the construction investment incurred upon the actual commencement of
the construction by Party B) if this Contract is terminated for any reason attributable to Party A
(except for the event of force majeure or any changes because of the
state policies).

8.3      Either party that is in violation of any other provision of this Contract shall also be in the
breach of contract. The non-breaching party shall have the right to require the Contract to be
performed and require the breaching party compensate it for any losses actually incurred, including
but not limited to the actual expenses the non-breaching party may incur, expenses payable to the
third party, attorney’s fees and litigation expenses.

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8.4      If either Party A and Party B takes advantage of this Contract or violates any mandatory
provisions of laws or administrative regulations during the performance of this Contract, the
non-breaching party shall have the right to terminate this Contract and prosecute the breaching
party for its liability under the law.

8.5      The parties specifically acknowledge that, if this Contract is abnormally terminated for any
reason, Party B shall always retain the ownership of the equipment and shall have the right and the
obligation to disassemble and remove the equipment in batches within an agreed time. If this
Contract is terminated for any reason attributable to Party A, after the receipt of the liquidated
damages paid by Party A, Party B shall not claim any expenses from Party A including disassembly
expenses, depreciation expenses, and value losses upon removal (in particular, the total budgeted
investment as specified in this Contract shall not be recoverable).

Article 9 Force Majeure

9.1      Events of force majeure under this Contract shall mean objective events whose occurrence can
not be foreseen, prevented or overcome, including but not limited to: natural disaster such as
thunder, lightning, flood, windstorm, earthquake, landslide and rainstorm, danger at sea,
navigation accident, war, riot, rebellion, national state of emergency (whether under any
circumstances that actually occur or under any circumstances as specified in law), martial law,
fire, labor dispute (whether any employees of the parties involved), epidemic, quarantine, or
radiation or radioactive pollution.

9.2      If one party (the “Affected Party”) is or expects to be unable to perform its obligations under
this Contract as a result of the occurrence of any event of force majeure, the Affected Party shall
serve a written notice on the other party (the “Non-Affected Party”) and provide the details of
such event within five days after the Affected Party becomes aware of such event.

9.3      The Affected Party shall take all reasonable measures to eliminate or mitigate the effect that
may be caused by such event of force majeure.

9.4      While an event of force majeure continues, the Affected Party may temporarily suspend the
obligations for performing this Contract and the period for the performance of the relevant
obligations shall be extended accordingly. The Affected Party will not assume any liability to the
Non-Affected Party for any loss or damage that may be incurred as a result. Upon the end of the
force majeure event, the Affected Party shall resume the performance of its obligations under this
Contract as soon as possible.

9.5      If the Affected Party is unable to perform any of its obligations under this Contract as a
result of an event of force majeure and the Affected Party is unable to perform its obligations
under this Contract for 90 consecutive days after the Non-Affected Party has received a notice of
such event, during which time the parties have failed to agree through consultation to use a
substitute way to carry out the Project under this Contract, either party may terminate this
Contract by informing the other party in written notice and will not assume any liability to the
other party.

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Article 10 Confidentiality

10.1      A Trade Secret as referred to in this Contract shall mean any technical and business
information that is unknown to the public, bringing the economic benefits, possessing the
practicability and being protected by the other party through the security measures.

10.2      Each party shall use any Trade Secret it has obtained from the other party exclusively for the
purpose of developing a specific project.

10.3      If any information provided by one party to the other party contains any Trade Secret as
defined in this Contract, the providing party shall mark such information as “confidential” and the
receiver shall issue a written receipt to the providing party.

10.4      The ownership of the confidential information provided by one party shall belong to the
providing party and the receiver shall be obligated to maintain the confidentiality of any
“confidential” information provided by the providing party and shall not do any of the following
without the written permission by the providing party:

     (i) disclose such information to any third party (excluding any information that must be
disclosed under law);

     (ii) use any Trade Secret from the providing party for its own benefit; or

     (iii) permit a third party to use any Trade Secret of the providing party without
authorization;

10.5      Party A and Party B unanimously agree that, upon the completion of the consultation or
construction of any specific project, one party shall return the confidential materials immediately
to the other party if the other party requires the return.

10.6      After any Trade Secret is legally made public, the corresponding confidentiality obligation
shall be released.

10.7      If any disagreement or dispute arising in connection with this Contract, such disagreement or
dispute shall first be resolved through friendly consultation. If such consultation proves
unsuccessful, either party can initiate legal proceedings in a court under the competent
jurisdiction. If this Contract or any provision of it is ruled to be invalid, the confidentiality
provision of this Contract shall remain in force and effect.

Article 11 Dispute Resolution

11.1      Any dispute that arises out of or in connection with the performance of this Contract shall be
resolved by the parties through friendly consultation.

11.2      If the parties fail to resolve any dispute through consultation within ten days after either
party serves on the other party a written notice of the existence of such dispute, such dispute may

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be submitted to a people’s court of competent jurisdiction where the Project is located to be
resolved through litigation.

Article 12 Effectiveness of this Contract

12.1      This Contract shall be concluded and become effective when Party A and Party B have affixed
their respective signatures and seals to it.

12.2      Any attachments to this Contract shall be an integral part of it and shall have equal force
and effect with this Contract.

12.3      No revision or modification of this Contract shall become effective except in writing.

12.4      With respect to any matters uncovered in this Contract, the parties may enter into a
supplementary contract, which shall have equal force and effect with this Contract.

12.5      The formation, validity, interpretation and performance of this Contract and the dispute
resolution under this Contract shall be governed by laws of the People’s Republic of China.

Article 13 Miscellaneous

13.1      This Contract is executed in six counterparts, three of which shall be kept by each party and
all of which shall have equal force and effect.

13.2      A waiver of any provision of this Contract shall not be construed as a waiver of a breach of
the same or other provisions of this Contract.

13.3      The headings in this Contract are inserted for convenience only and shall not affect the
meaning, validity or interpretation of this Contract or any of its provisions.

13.4      If any provision of this Contract is judged by any court of competent jurisdiction to be
invalid or in violation of public order for any reason, the other provisions that are not judged to
be so shall remain in full force and effect.

(The remainder of this page is intentionally left blank)

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Party A (Seal): The General Administrative Office of Su-Tong Science & Technology Park

Legal
Representative (or Authorized Representative) (Signature): /s/ Chen Xiaodong

Date: January 6, 2011

Party B (Seal): Nobao Energy (Nantong) Co., Ltd.

Legal
Representative (or Authorized Representative) (Signature): /s/ Kwok Ping Sun

Date: January 6, 2011

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The Centralized Energy Supply Contract

in the Form of Energy Management Contract

of the Su-Tong Science and Technology Park

Supplementary Agreement

Party A: The General Administrative Office of the Su-Tong Science and Technology Park

Address: 1088 Xinghu Boulevard, Nantong Municipality, Jiangsu Province, China

Legal Representative: Ge Liang

Position: Director

Postal Code: 226009

Tel: 0513-8598 5010

Party B: Nobao Energy (Nantong) Co., Ltd.

Address: 15 Latitude 14 Road, Su-Tong Science and Technology Park

Legal Representative: Kwok Ping Sun

Position: Chairman

Postal Code: 226009

Tel: 021-6652 0666

     Whereas Party A and Party B entered into a Centralized Energy Supply Contract in the Form of
Energy Management Contract of the Su-Tong Science and Technology Park. After friendly
consultation, Party A and Party B have reached the following supplementary agreement:

     Party B has obligations to cooperate with Party A in the infrastructure construction and
shall complete the construction of such infrastructure in connection with the Centralized Energy
Supply in the Su-Tong Science and Technology Park of Party A within eight years since 2011.

(The remainder of this page is intentionally left blank)

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	Party A (Seal):	 	The General Administrative Office of the Su-Tong Science and Technology Park

Legal
Representative (or Authorized Representative) (Signature): /s/ Chen Xiaodong

Date: January 10, 2011

			
	Party B (Seal):	 	Nobao Energy (Nantong) Co., Ltd.

Legal
Representative (or Authorized Representative) (Signature): /s/ Kwok Ping Sun

Date: January 10, 2011

2exv4w2

Exhibit 4.2

 

CoStar Group, Inc.

as Issuer

 

INDENTURE

Dated as of [                    ]

 

[                                        ]

as Trustee

Debt Securities

 

 

 

[CROSS-REFERENCE SHEET*

	 	 	 	 	 
	TIA Section	 	 	Indenture Section	 
	310 (a)(1)
	 	 	7.9	 
	(a)(2)
	 	 	7.9	 
	(a)(3)
	 	 	N/A	 
	(a)(4)
	 	 	N/A	 
	(a)(5)
	 	 	N/A	 
	(b)
	 	 	N/A	 
	311 (a)
	 	 	7.10	 
	(b)
	 	 	7.10	 
	312 (a)
	 	 	2.6	 
	(b)
	 	 	10.2	 
	(c)
	 	 	N/A	 
	313 (a)
	 	 	N/A	 
	(b)(1)
	 	 	N/A	 
	(b)(2)
	 	 	N/A	 
	(c)
	 	 	10.1	 
	(d)
	 	 	N/A	 
	314 (a)
	 	 	4.5(a)	 
	(b)
	 	 	N/A	 
	(c)(1)
	 	 	2.3, 8.1(a)–(c), 10.03, 11.03	 
	(c)(2)
	 	 	2.3, 8.1(a)–(c), 10.03, 11.03	 
	(c)(3)
	 	 	8.1(a) and (b)	 
	(d)
	 	 	N/A	 
	(e)
	 	 	10.04	 
	(f)
	 	 	N/A	 
	315 (a)
	 	 	7.1(b)	 
	(b)
	 	 	7.5	 
	(c)
	 	 	7.1(a)	 
	(d)
	 	 	7.1(c), 7.2(d)	 
	(e)
	 	 	6.14	 
	316 (a) (last sentence)
	 	 	2.10	 
	(a)(1)(A)
	 	 	6.12	 
	(a)(1)(B)
	 	 	6.13	 
	(a)(2)
	 	 	N/A	 
	(b)
	 	 	6.8	 
	317 (a)(1)
	 	 	6.3, 6.5	 
	(a)(2)
	 	 	6.4	 
	(b)
	 	 	2.5	 
	318(a)
	 	 	N/A	 

 

			
	*	 	This cross reference sheet shall not, for any purpose, be deemed to be a part of the Indenture.

Attention should also be directed to Section 318(c) of the Trust Indenture Act of 1939, as amended,
which provides that the provisions of Sections 310 through 317 of such Act are a part of and govern
every qualified indenture, whether or not physically contained therein.]

 

 

TABLE OF CONTENTS

	 	 	 	 	 
	 	 	Page	 
	ARTICLE I. DEFINITIONS AND INCORPORATION BY REFERENCE 
	 	 	1	 
	Section 1.1. Definitions
	 	 	1	 
	Section 1.2. Other Definitions
	 	 	4	 
	Section 1.3. Rules of Construction
	 	 	5	 
	ARTICLE II. THE SECURITIES 
	 	 	5	 
	Section 2.1. Issuable in Series
	 	 	5	 
	Section 2.2. Establishment of Terms of Series of Securities
	 	 	6	 
	Section 2.3. Execution and Authentication
	 	 	8	 
	Section 2.4. Registrar, Paying Agent and Transfer Agent
	 	 	10	 
	Section 2.5. Paying Agent to Hold Money in Trust
	 	 	10	 
	Section 2.6. Securityholder Lists
	 	 	11	 
	Section 2.7. Transfer and Exchange
	 	 	11	 
	Section 2.8. Mutilated, Destroyed, Lost and Stolen Securities
	 	 	11	 
	Section 2.9. Outstanding Securities
	 	 	12	 
	Section 2.10. Treasury Securities
	 	 	13	 
	Section 2.11. Temporary Securities
	 	 	13	 
	Section 2.12. Cancellation
	 	 	13	 
	Section 2.13. Global Securities
	 	 	13	 
	Section 2.14. CUSIP Numbers
	 	 	15	 
	ARTICLE III. REDEMPTION 
	 	 	15	 
	Section 3.1. Notice to Trustee; No Liability for Calculations
	 	 	15	 
	Section 3.2. Selection of Securities to be Redeemed
	 	 	15	 
	Section 3.3. Notice of Redemption
	 	 	16	 
	Section 3.4. Effect of Notice of Redemption
	 	 	17	 
	Section 3.5. Deposit of Redemption Price
	 	 	17	 
	Section 3.6. Securities Redeemed in Part
	 	 	17	 
	Section 3.7. Sinking Fund
	 	 	18	 
	Section 3.8. Satisfaction of Sinking Fund Payments with Securities
	 	 	18	 
	Section 3.9. Redemption of Securities for Sinking Fund
	 	 	18	 
	ARTICLE IV. COVENANTS 
	 	 	19	 
	Section 4.1. Payment of Principal, Premium and Interest
	 	 	19	 
	Section 4.2. Compliance Certificate
	 	 	19	 
	Section 4.3. Stay, Extension and Usury Laws
	 	 	19	 
	Section 4.4. Corporate Existence
	 	 	20	 
	Section 4.5. Reports
	 	 	20	 
	ARTICLE V. SUCCESSORS 
	 	 	20	 
	Section 5.1. Consolidation, Merger and Sale of Assets
	 	 	20	 
	ARTICLE VI. DEFAULTS AND REMEDIES 
	 	 	21	 
	Section 6.1. Events of Default
	 	 	21	 
	Section 6.2. Acceleration of Maturity; Rescission and Annulment
	 	 	22	 
	Section 6.3. Collection of Indebtedness and Suits for Enforcement by Trustee 
	 	 	22	 
	Section 6.4. Trustee May File Proofs of Claim
	 	 	23	 
	Section 6.5. Trustee May Enforce Claims Without Possession of Securities
	 	 	24	 

i

 

	 	 	 	 	 
	 	 	Page	 
	Section 6.6. Application of Money Collected
	 	 	24	 
	Section 6.7. Limitation on Suits
	 	 	24	 
	Section 6.8. Unconditional Right of Holders to Receive Principal and Interest
	 	 	25	 
	Section 6.9. Restoration of Rights and Remedies
	 	 	25	 
	Section 6.10. Rights and Remedies Cumulative
	 	 	25	 
	Section 6.11. Delay or Omission Not Waiver
	 	 	26	 
	Section 6.12. Control by Holders
	 	 	26	 
	Section 6.13. Waiver of Past Defaults
	 	 	26	 
	Section 6.14. Undertaking for Costs
	 	 	26	 
	ARTICLE VII. TRUSTEE 
	 	 	27	 
	Section 7.1. Duties of Trustee
	 	 	27	 
	Section 7.2. Rights of Trustee
	 	 	28	 
	Section 7.3. May Hold Securities
	 	 	29	 
	Section 7.4. Trustee’s Disclaimer
	 	 	30	 
	Section 7.5. Notice of Defaults
	 	 	30	 
	Section 7.6. Compensation and Indemnity
	 	 	30	 
	Section 7.7. Replacement of Trustee
	 	 	31	 
	Section 7.8. Successor Trustee by Merger, etc.
	 	 	32	 
	Section 7.9. Eligibility; Disqualification
	 	 	33	 
	Section 7.10. Preferential Collection of Claims Against Issuer
	 	 	33	 
	ARTICLE VIII. DISCHARGE OF INDENTURE 
	 	 	33	 
	Section 8.1. Termination of Issuer’s Obligations
	 	 	33	 
	Section 8.2. Application of Trust Money
	 	 	37	 
	Section 8.3. Repayment to Issuer
	 	 	37	 
	Section 8.4. Reinstatement
	 	 	37	 
	ARTICLE IX. AMENDMENTS AND WAIVERS 
	 	 	37	 
	Section 9.1. Without Consent of Holders
	 	 	37	 
	Section 9.2. With Consent of Holders
	 	 	38	 
	Section 9.3. Limitations
	 	 	39	 
	Section 9.4. Form of Amendments
	 	 	40	 
	Section 9.5. Revocation and Effect of Consents
	 	 	40	 
	Section 9.6. Notation on or Exchange of Securities
	 	 	40	 
	Section 9.7. Trustee Protected
	 	 	40	 
	ARTICLE X. MISCELLANEOUS 
	 	 	41	 
	Section 10.1. Notices
	 	 	41	 
	Section 10.2. Communication by Holders with Other Holders
	 	 	42	 
	Section 10.3. Certificate and Opinion as to Conditions Precedent
	 	 	42	 
	Section 10.4. Statements Required in Certificate or Opinion
	 	 	42	 
	Section 10.5. Rules by Trustee and Agents
	 	 	43	 
	Section 10.6. Legal Holidays
	 	 	43	 
	Section 10.7. No Personal Liability of Directors, Officers, Employees and Certain Others.
	 	 	43	 
	Section 10.8. Counterparts
	 	 	43	 
	Section 10.9. Governing Laws
	 	 	43	 
	Section 10.10. No Adverse Interpretation of Other Agreements
	 	 	44	 
	Section 10.11. Successors
	 	 	44	 

 

 

	 	 	 	 	 
	 	 	Page	 
	Section 10.12. Severability
	 	 	44	 
	Section 10.13. Table of Contents, Headings, Etc.
	 	 	44	 
	Section 10.14. Judgment Currency
	 	 	44	 
	Section 10.15. English Language
	 	 	45	 
	Section 10.16. Submission to Jurisdiction; Appointment of Agent
	 	 	45	 
	Section 10.17. Waiver of Immunity
	 	 	45	 
	Section 10.18. Waiver of Jury Trial
	 	 	46	 

 

 

          Indenture dated as of [                    ] between CoStar Group, Inc., a Delaware corporation (the
“Issuer”), and [                    ], as trustee (the “Trustee”).

          Each party agrees as follows for the benefit of the other parties and for the equal and
ratable benefit of the Holders (as defined below) of the Securities (as defined below) issued under
this Indenture.

ARTICLE I.

DEFINITIONS AND INCORPORATION BY REFERENCE

     Section 1.1. Definitions.

          “Affiliate” of any specified Person means any other Person directly or indirectly controlling
or controlled by or under common control with such specified Person. For the purposes of this
definition, “control” (including, with correlative meanings, the terms “controlling”, “controlled
by” and “under common control with”), as used with respect to any Person, shall mean the
possession, directly or indirectly, of the power to direct or cause the direction of the management
or policies of such Person, whether through the ownership of voting securities or by agreement or
otherwise.

          “Agent” means any Registrar, Paying Agent or Transfer Agent or any other agent appointed
pursuant to this Indenture.

          “Board of Directors” means the Board of Directors of the Issuer, or any duly authorized
committee thereof.

          “Board Resolution” means a copy of a resolution certified by the Secretary or an Assistant
Secretary of the Issuer to have been adopted by the Board of Directors or pursuant to authorization
by the Board of Directors and to be in full force and effect on the date of the certification and
delivered to the Trustee.

          “Business Day” means, unless otherwise provided by Board Resolution, Officer’s Certificate or
supplemental indenture for a particular Series, any day except a Saturday, Sunday or a Legal
Holiday in The City of New York on which banking institutions are authorized or required by law,
regulation or executive order to close.

          “Capital Stock” means (1) in the case of a corporation, corporate stock; (2) in the case of an
association or business entity, any and all shares, interests, participations, rights or other
equivalents (however designated) of corporate stock; (3) in the case of a partnership or limited
liability company, partnership interests (whether general or limited) or membership interests; and
(4) any other interest or participation that confers on a Person the right to receive a share of
the profits and losses of, or distributions of assets of, the issuing Person, but excluding from
all of the foregoing any debt securities convertible into Capital Stock, whether or not such debt
securities include any right of participation with Capital Stock.

          “Certificated Securities” means definitive Securities in registered non-global certificated
form.

 

          “Company Order” or “Company Request” means a written order signed in the name of the Issuer by
one of the Officers of the Issuer.

          “Corporate Trust Office” means the office of the Trustee at which at any particular time its
corporate trust business shall be principally administered, which, as of the date hereof is the
address set forth in Section 10.1.

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

          “Depositary” means, with respect to the Securities of any Series issuable or issued in whole
or in part in the form of one or more Global Securities, the Person designated as Depositary for
such Series by the Issuer which Depositary shall be a clearing agency registered under the Exchange
Act; and if at any time there is more than one such Person, “Depositary” as used with respect to
the Securities of any Series shall mean the Depositary with respect to the Securities of such
Series.

          “Discount Security” means any Security that provides for an amount less than the stated
principal amount thereof to be due and payable upon declaration of acceleration of the maturity
thereof pursuant to Section 6.2.

          “Dollars” or “$” means the currency of The United States of America.

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

          “GAAP” means accounting principles generally accepted in the United States of America 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 have been approved
by a significant segment of the accounting profession, which are in effect from time to time.

          “Global Security” or “Global Securities” means a Security or Securities, as the case may be,
in the form established pursuant to Section 2.2 evidencing all or part of a Series of Securities,
issued to the Depositary for such Series or its nominee, and registered in the name of such
Depositary or nominee.

          “Government Obligations” means securities which are (i) direct obligations of The United
States of America 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 of America the payment of which is unconditionally guaranteed as a full faith and credit
obligation by The United States of America, and which in the case of (i) and (ii) are not callable
or redeemable at the option of the issuer thereof, and shall also include a depository receipt
issued by a bank or trust company as custodian with respect to any such Government Obligation or a
specific payment of interest on or principal of any such Government Obligation held by such
custodian for the account of the holder of a depository receipt, provided that (except as required
by law) such custodian is not authorized to make any deduction from the amount

2

 

payable to the holder of such depository receipt from any amount received by the custodian
with respect to the Government Obligation evidenced by such depository receipt.

          “Holder” or “Securityholder” means a Person in whose name a Security is registered in the
register maintained by the Registrar.

          “Indenture” means this Indenture as amended or supplemented from time to time and shall
include the form and terms of particular Series of Securities established as contemplated
hereunder.

          “Issue Date” means, with respect to any Security, the date of original issuance of such
Security.

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

          “Officer” means the Chief Executive Officer, Chief Operating Officer, Chief Financial Officer,
Chief Accounting Officer, President, any Vice-President, the Treasurer, a Director, the Chairman,
the Secretary, any Assistant Treasurer or any Assistant Secretary of the Issuer.

          “Officer’s Certificate” means a certificate signed by an Officer of the Issuer.

          “Opinion of Counsel” means a written opinion of legal counsel who is acceptable to the
Trustee. The counsel may be a direct or indirect employee of or counsel to the Issuer.

          “Periodic Offering” means an offering of Securities of a Series from time to time, during
which any or all of the specific terms of the Securities, including the rate or rates of interest,
if any, thereon, the maturity or maturities thereof and the redemption provisions, if any, with
respect thereto, are to be determined by the Issuer or its agents upon the issuance of such
Securities in accordance with the terms of the relevant supplemental indenture.

          “Person” means any individual, corporation, partnership, limited liability company,
association, joint venture, trust, joint stock company or any other entity or organization,
including a government or political subdivision or an agency or instrumentality thereof.

          “principal” of a Security means the principal of the Security plus, when appropriate, the
premium, if any, on the Security.

          “Responsible Officer” means any officer of the Trustee in its Corporate Trust Office
responsible for the administration of this Indenture and also means, with respect to a particular
corporate trust matter, any other officer to whom any corporate trust matter is referred because of
his or her knowledge of and familiarity with a particular subject.

          “Restricted Security”, with respect to any Series of Securities, means a Security of such
Series, unless or until it has been (i) effectively registered under the Securities Act and

3

 

disposed of in accordance with a registration statement with respect to such Series or (ii)
distributed to the public pursuant to Rule 144 under the Securities Act or any similar provision
then in force.

          “SEC” means the Securities and Exchange Commission.

          “Securities” means the debentures, notes or other debt instruments of the Issuer of any Series
authenticated and delivered under this Indenture.

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

          “Series” or “Series of Securities” means each series of Securities of the Issuer created
pursuant to Sections 2.1 and 2.2 hereof.

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

          “Subsidiary” means, with respect to any specified Person, (a) any corporation, association or
other business entity of which more than 50% of the total voting power of shares of Capital Stock
entitled (without regard to the occurrence of any contingency and after giving effect to any voting
agreement or stockholders’ agreement that effectively transfers voting power) to vote in the
election of directors, managers or trustees of the corporation, association or other business
entity which is at the time owned or controlled, directly or indirectly, by that Person or one or
more of the other subsidiaries of that Person (or a combination thereof); and (b) any partnership
or limited liability company of which (x) more than 50% of the capital accounts, distribution
rights, total equity and voting interests or general and limited partnership interests, as
applicable, are owned or controlled, directly or indirectly, by such Person or one or more of the
other subsidiaries of that Person or a combination thereof, whether in the form of membership,
general, special or limited partnership interests or otherwise, and (y) such Person or any
subsidiary of such Person is a controlling general partner or otherwise controls such entity.

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

          “Unrestricted Securities”, with respect to any Series of Securities, means a Security (i)
effectively registered under the Securities Act and disposed of in accordance with a registration
statement with respect to such Series or (ii) distributed to the public pursuant to Rule 144 under
the Securities Act or any similar provision then in force.

     Section 1.2. Other Definitions.

4

 

	 	 	 
	 	 	DEFINED IN
	TERM	 	SECTION
	“Acceleration Notice”
	 	6.2
	“Bankruptcy Law”
	 	6.1
	“covenant defeasance”
	 	8.1(b)
	“Custodian”
	 	6.1
	“Event of Default”
	 	6.1
	“Issuer”
	 	Preamble
	“Judgment Currency”
	 	10.14
	“legal defeasance”
	 	8.1(c)
	“Legal Holiday”
	 	10.6
	“New York Banking Day”
	 	10.14
	“Paying Agent”
	 	2.4
	“Process Agent”
	 	10.16
	“Registrar”
	 	2.4
	“Related Proceeding”
	 	10.16
	“Required Currency”
	 	10.14
	“Successor Company”
	 	5.1(a)
	“TIA”
	 	7.10
	“Transfer Agent”
	 	2.4

     Section 1.3. Rules of Construction.

     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 and “including” means including without limitation;

     (d) words in the singular include the plural, and in the plural include the singular;
and

     (e) provisions apply to successive events and transactions.

ARTICLE II.

THE SECURITIES

     Section 2.1. Issuable in Series.

          The aggregate principal amount of Securities that may be authenticated and delivered under
this Indenture is unlimited. The Securities may be issued in one or more Series. All Securities
of a Series shall be identical except as may be set forth in, or pursuant to a Board Resolution,
Officer’s Certificate or supplemental indenture establishing the terms of such Series of
Securities.

5

 

     Section 2.2. Establishment of Terms of Series of Securities.

          At or prior to the issuance of any Securities within a Series, the following shall be
established (as to the Series generally, in the case of Subsection 2.2.1 and either as to such
Securities within the Series or as to the Series generally in the case of Subsections 2.2.2 through
2.2.28) by or pursuant to a Board Resolution, Officer’s Certificate or supplemental indenture:

          2.2.1. the title of the Series of Securities (which shall distinguish the Securities of that
particular Series from the Securities of any other Series);

          2.2.2. any limit upon the aggregate principal amount of the Securities of the Series which may
be authenticated and delivered under this Indenture (except for Securities authenticated and
delivered upon registration of transfer of, or in exchange for, or in lieu of, other Securities of
the Series pursuant to Section 2.7, 2.8, 2.11, 3.6, 9.3 or 9.6);

          2.2.3. the date or dates on which the principal and premium, if any, of the Securities of the
Series is payable;

          2.2.4. the rate or rates, which may be fixed or variable, at which the Securities of the
Series shall bear interest or the manner of calculation of such rate or rates, if any, including
any procedures to vary or reset such rate or rates, and the basis upon which interest will be
calculated if other than that of a 360-day year of twelve 30-day months

          2.2.5. the place or places where the principal of and interest, if any, on the Securities of
the Series shall be payable, where the Securities of such Series may be surrendered for
registration of transfer or exchange and where notices and demands to or upon the Issuer with
respect to the Securities of such Series and this Indenture may be served, and the method of such
payment, if by wire transfer, mail or other means if other than as set forth in this Indenture;

          2.2.6. the date or dates from which interest on the Securities of the Series shall accrue, the
dates on which such interest will be payable or the manner of determination of such dates, and the
record date for the determination of Holders to whom interest is payable on any such dates;

          2.2.7. any trustees, authenticating agents or paying agents with respect to the Securities of
the Series, if different from those set forth in this Indenture;

          2.2.8. the right, if any, to extend the interest payment periods or defer the payment of
interest and the duration of such extension or deferral;

          2.2.9. if applicable, the period or periods within which, the price or prices at which and the
terms and conditions upon which the Securities of the Series may be redeemed, in whole or in part,
at the option of the Issuer if other than as set forth in this Indenture;

          2.2.10. the obligation, if any, of the Issuer to redeem, repurchase or repay, if other than as
set forth herein, the Securities of the Series pursuant to any sinking fund or analogous
provisions, including payments made in cash in anticipation of future sinking fund obligations, or
at the option of a Holder thereof and the period or periods within which, the price

6

 

or prices at which and the terms and conditions upon which Securities of the Series shall be
redeemed, purchased or repaid, in whole or in part, pursuant to such obligation;

          2.2.11. the forms of the Securities of the Series including the form of the Trustee’s
certificate of authentication for such Series;

          2.2.12. if other than denominations of $1,000 or integral multiples of $1,000 in excess
thereof, the denominations in which the Securities of the Series shall be issuable;

          2.2.13. the currency or currencies in which payment of the principal of, premium, if any, and
interest on, the Securities of the Series shall be payable;

          2.2.14. if the principal amount payable at the Stated Maturity of Securities of the Series
will not be determinable as of any one or more dates prior to such Stated Maturity, the amount
which will be deemed to be such principal amount as of any such date for any purpose, including the
portion of the principal amount thereof that will be due and payable upon declaration of
acceleration of the maturity thereof pursuant to Section 6.2 or upon any maturity other than the
Stated Maturity or that will be deemed to be outstanding as of any such date, or, in any such case,
the manner in which such deemed principal amount is to be determined;

          2.2.15. the terms of any repurchase or remarketing rights;

          2.2.16. if the Securities of the Series shall be issued in whole or in part in the form of a
Global Security or Securities, the type of Global Security to be issued; the terms and conditions,
if different from those contained in this Indenture, upon which such Global Security or Securities
may be exchanged in whole or in part for other individual Securities in definitive registered form;
the Depositary for such Global Security or Securities; and the form of any legend or legends to be
borne by any such Global Security or Securities in addition to or in lieu of the legend referred to
in Section 2.13.2;

          2.2.17. whether the Securities of the Series will be convertible into or exchangeable for
other Securities, common shares or other securities of any kind of the Issuer or another obligor,
and, if so, the terms and conditions upon which such Securities will be so convertible or
exchangeable, including the initial conversion or exchange price or rate or the method of
calculation, how and when the conversion price or exchange ratio may be adjusted, whether
conversion or exchange is mandatory, at the option of the holder or at the Issuer’s option, the
conversion or exchange period, and any other provision in addition to or in lieu of those described
herein;

          2.2.18. any additional restrictive covenants or Events of Default that will apply to the
Securities of the Series, or any changes to the restrictive covenants set forth in Article IV or
the Events of Default set forth in Section 6.1 that will apply to the Securities of the Series,
which may consist of establishing different terms or provisions from those set forth in Article IV
or Section 6.1 or eliminating any such restrictive covenant or Event of Default with respect to the
Securities of the Series;

          2.2.19. any provisions granting special rights to Holders when a specified event occurs;

7

 

          2.2.20. if the amount of principal of or any premium or interest on Securities of any Series
may be determined with reference to an index or pursuant to a formula, the manner in which such
amounts will be determined;

          2.2.21. any special tax implications of the Securities, including provisions for original
issue discount securities, if offered;

          2.2.22. whether and upon what terms Securities of the Series may be defeased if different from
the provisions set forth in this Indenture;

          2.2.23. with regard to the Securities of any Series that do not bear interest, the dates for
certain required reports to the Trustee;

          2.2.24. whether the Securities of any Series will be issued as Unrestricted Securities or
Restricted Securities, and, if issued as Restricted Securities, the rule or regulation promulgated
under the Securities Act in reliance on which they will be sold;

          2.2.25. any guarantees, on the Securities of the Series, and the terms and conditions upon
which any guarantees, may be released or terminated;

          2.2.26. the provisions, if any, relating to any security provided for the Securities of the
Series;

          2.2.27. any Depositaries, interest rate calculation agents, exchange rate calculation agents
or other agents with respect to Securities of such Series if other than those appointed herein; and

          2.2.28. any and all additional, eliminated or changed terms that shall apply to the Securities
of the Series, including any terms that may be required by or advisable under United States laws or
regulations, including the Securities Act and the rules and regulations promulgated thereunder, or
advisable in connection with the marketing of Securities of that Series.

          All Securities of any one Series need not be issued at the same time and may be issued from
time to time, consistent with the terms of this Indenture, if so provided by or pursuant to the
Board Resolution, Officer’s Certificate or supplemental indenture referred to above.

     Section 2.3. Execution and Authentication.

          An Officer of the Issuer shall sign the Securities for the Issuer by manual or facsimile
signature.

          If an Officer whose signature is on a Security no longer holds that office at the time the
Security is authenticated, the Security shall nevertheless be valid.

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          A Security shall not be valid until authenticated by the manual signature of the Trustee or an
authenticating agent. The signature shall be conclusive evidence that the Security has been
authenticated under this Indenture.

          The Trustee shall at any time, and from time to time, authenticate Securities for original
issue in the principal amount provided in the Board Resolution, Officer’s Certificate or
supplemental indenture, upon receipt by the Trustee of a Company Order. Each Security shall be
dated the date of its authentication unless otherwise provided by the relevant Board Resolution,
Officer’s Certificate or supplemental indenture.

          Notwithstanding the provisions of Section 2.2 and the preceding paragraph, in the case of
Securities offered in a Periodic Offering, the Trustee shall authenticate and deliver such
Securities from time to time in accordance with a Company Order or such other procedures acceptable
to the Trustee as may be specified by or pursuant to a supplemental indenture or the written order
of the Issuer delivered to the Trustee prior to the time of the first authentication of Securities
of such Series.

          The aggregate principal amount of Securities of any Series outstanding at any time may not
exceed any limit upon the maximum principal amount for such Series set forth in the Board
Resolution, Officer’s Certificate or supplemental indenture delivered pursuant to Section 2.2.

          Prior to the issuance of Securities of any Series, the Trustee shall have received and
(subject to Section 7.2) shall be fully protected in relying on: (a) the Board Resolution,
Officer’s Certificate or supplemental indenture establishing the form of the Securities of that
Series or of Securities within that Series and the terms of the Securities of that Series or of
Securities within that Series, (b) an Officer’s Certificate complying with Section 10.4, and (c) an
Opinion of Counsel complying with Section 10.4. With respect to Securities of a Series subject to
a Periodic Offering, the Trustee conclusively may rely, as to the authorization by the Issuer of
any of such Securities, the forms and terms thereof and the legality, validity, binding effect and
enforceability thereof, upon the written order of the Issuer, Opinion of Counsel, Officer’s
Certificate and other documents delivered pursuant to this Section 2.3 at or prior to the time of
the first authentication of Securities of such Series unless and until such written order, Opinion
of Counsel, Officer’s Certificate or other documents have been superseded or revoked, and written
notice thereof is provided to Trustee, or expire by their terms.

          The Trustee shall have the right to decline to authenticate and deliver any Securities of such
Series: (a) if the Trustee, being advised by counsel, determines that such action may not be taken
lawfully; or (b) if the Trustee in good faith by its board of directors or trustees, executive
committee or a committee of Responsible Officers shall determine that such action would expose the
Trustee to personal liability.

          The Trustee may appoint an authenticating agent to authenticate Securities. An authenticating
agent may authenticate Securities whenever the Trustee may do so. Each reference in this Indenture
to authentication by the Trustee includes authentication by such agent. An authenticating agent
has the same rights as an Agent to deal with the Issuer or an Affiliate of the Issuer.

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     Section 2.4. Registrar, Paying Agent and Transfer Agent.

          The Issuer will maintain one or more paying agents (each, a “Paying Agent”) for the Securities
in the Borough of Manhattan, City of New York. The initial Paying Agent will be the Trustee and
thereafter “Paying Agent” shall mean or include each Person who is then a Paying Agent hereunder,
and if at any time there is more than one such Person, “Paying Agent” as used with respect to the
Securities of any Series shall mean the Paying Agent with respect to Securities of that Series.
The Issuer, upon written notice to the Trustee accompanied by an Officer’s Certificate, may appoint
one or more paying agents, other than the Trustee, for all or any Series of Securities. If the
Issuer fails to appoint or maintain another entity as paying agent, the Trustee shall act as such.
The Issuer, or any of its Subsidiaries, upon notice to the Trustee, may act as paying agent.

          The Issuer will maintain one or more registrars (each, a “Registrar”) for the Securities in
the Borough of Manhattan, City of New York. The initial Registrar will be the Trustee and
thereafter “Registrar” shall mean or include each Person who is then a Registrar hereunder, and if
at any time there is more than one such Person, “Registrar” as used with respect to the Securities
of any Series shall mean the Registrar with respect to Securities of that Series. The Issuer, upon
written notice to the Trustee accompanied by an Officer’s Certificate, may appoint one or more
registrars, other than the Trustee, for all or any Series of Securities. If the Issuer fails to
appoint or maintain another entity as registrar, the Trustee shall act as such. The Issuer, or any
of its Subsidiaries, upon notice to the Trustee, may act as registrar.

          The Issuer will also maintain a transfer agent (each, a “Transfer Agent”) for the Securities
in the Borough of Manhattan, City of New York. The initial Transfer Agent will be the Trustee and
thereafter “Transfer Agent” shall mean or include each Person who is then a Transfer Agent
hereunder, and if at any time there is more than one such Person, “Transfer Agent” as used with
respect to the Securities of any Series shall mean the Transfer Agent with respect to Securities of
that Series. The Issuer, upon written notice to the Trustee accompanied by an Officer’s
Certificate, may appoint one or more transfer agents, other than the Trustee, for all or any Series
of Securities. If the Issuer fails to appoint or maintain another entity as transfer agent, the
Trustee shall act as such. The Issuer, or any Subsidiary of the Issuer, upon notice to the
Trustee, may act as transfer agent.

          The Issuer may change any Paying Agent, Registrar or Transfer Agent for its Securities without
prior notice to the Holders.

     Section 2.5. Paying Agent to Hold Money in Trust.

          The Issuer shall require each Paying Agent appointed by it other than the Issuer, a Subsidiary
of the Issuer, or the Trustee to agree in writing that the Paying Agent will hold in trust, for the
benefit of Securityholders of any Series of Securities, or the Trustee, all money held by the
Paying Agent for the payment of principal of or interest on the Series of Securities, and will
notify the Trustee of any default by the Issuer in making any such payment. While any such default
continues, the Trustee may require a Paying Agent to pay all money held by it to the Trustee. The
Issuer at any time may require a Paying Agent to pay all money held by it to the Trustee. Upon
payment over to the Trustee, the Paying Agent (if other than the Issuer, or a

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Subsidiary of the Issuer) shall have no further liability for the money. If the Issuer or a
Subsidiary of the Issuer acts as Paying Agent, it shall segregate and hold in a separate trust fund
for the benefit of Securityholders of any Series of Securities all money held by it as Paying
Agent.

     Section 2.6. 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 of each Series of Securities.
If the Trustee is not the Registrar, the Issuer shall furnish to the Trustee at least ten 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 of each Series of Securities.

     Section 2.7. Transfer and Exchange.

          Where Securities of a Series are presented to the Registrar or a co-registrar with a request
to register a transfer or to exchange them for an equal principal amount of Securities of the same
Series, the Registrar shall register the transfer or make the exchange if the requirements for such
transactions set forth in this Indenture are met. To permit registrations of transfers and
exchanges, the Trustee shall authenticate Securities at the Registrar’s request upon the Trustee’s
receipt of a Company Order from the Issuer. No service charge shall be made for any registration
of transfer or exchange (except as otherwise expressly permitted herein), but the Issuer may
require payment of a sum sufficient to cover any transfer tax or similar governmental charge
payable in connection therewith (other than any such transfer tax or similar governmental charge
payable upon exchanges pursuant to Sections 2.11, 3.6 or 9.6).

          Neither the Issuer nor the Registrar shall be required (a) to issue, register the transfer of,
or exchange Securities of any Series for the period beginning at the opening of business fifteen
days immediately preceding the delivery of a notice of redemption of Securities of that Series
selected for redemption and ending at the close of business on the day of such delivery, or (b) to
register the transfer of or exchange Securities of any Series selected, called or being called for
redemption as a whole or the portion being redeemed of any such Securities selected, called or
being called for redemption in part.

     Section 2.8. Mutilated, Destroyed, Lost and Stolen Securities.

          If any mutilated Security is surrendered to the Trustee, the Issuer shall execute a new
Security of the same Series and of like tenor and principal amount and bearing a number not
contemporaneously outstanding, and the Trustee shall authenticate and deliver such new Security in
exchange for the Security surrendered.

          If there shall be delivered to the Issuer and the Trustee (i) evidence to their satisfaction
of the destruction, loss or theft of any Security and (ii) such security or indemnity as may be
required by them to save each of them and any agent of either of them harmless, then, in the
absence of notice to the Issuer or the Trustee that such Security has been acquired by a protected
purchaser, the Issuer shall execute, and upon receipt of a Company Order, the Trustee shall
authenticate and make available for delivery, in lieu of any such destroyed, lost or stolen

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Security, a new Security of the same Series and of like tenor and principal amount and bearing
a number not contemporaneously outstanding.

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

          Upon the issuance of any new Security under this Section 2.8, the Issuer may require the
payment of a sum sufficient to cover any tax or other governmental charge that may be imposed in
relation thereto and any other expenses (including the fees and expenses of the Trustee) connected
therewith.

          Every new Security of any Series issued pursuant to this Section 2.8 in lieu of any destroyed,
lost or stolen Security shall constitute an original additional contractual obligation of the
Issuer whether or not the destroyed, lost or stolen Security shall be at any time enforceable by
anyone, and shall be entitled to all the benefits of this Indenture equally and proportionately
with any and all other Securities of that Series duly issued hereunder.

          The provisions of this Section 2.8 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 2.9. Outstanding Securities.

          The Securities outstanding at any time are all the Securities authenticated by the Trustee
except for those canceled by it, those delivered to it for cancellation, those reductions in the
interest on a Security, if applicable, effected by the Trustee in accordance with the provisions
hereof and those described in this Section 2.9 as not outstanding.

          If a Security is replaced pursuant to Section 2.8, it ceases to be outstanding until the
Trustee receives proof satisfactory to it that the replaced Security is held by a protected
purchaser.

          If the Paying Agent (other than the Issuer, a Subsidiary of the Issuer or an Affiliate of the
Issuer) holds on the Maturity of Securities of a Series money sufficient to pay such Securities
payable on that date, then on and after that date such Securities of the Series cease to be
outstanding and interest on them ceases to accrue.

          The Issuer may purchase or otherwise acquire the Securities, whether by open market purchases,
negotiated transactions or otherwise. A Security does not cease to be outstanding because the
Issuer or an Affiliate of the Issuer holds the Security.

          In determining whether the Holders of the requisite principal amount of outstanding Securities
have given any request, demand, authorization, direction, notice, consent or waiver hereunder, the
principal amount of a Discount Security that shall be deemed to be outstanding for such purposes
shall be the amount of the principal thereof that would be due and payable as of the date of such
determination upon a declaration of acceleration of the Maturity thereof pursuant to Section 6.2.

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     Section 2.10. Treasury Securities.

          In determining whether the Holders of the required principal amount of Securities of a Series
have concurred in any request, demand, authorization, direction, notice, consent or waiver,
Securities of a Series owned by the Issuer or any Affiliate of the Issuer shall be disregarded,
except that for the purposes of determining whether the Trustee shall be protected in relying on
any such request, demand, authorization, direction, notice, consent or waiver only Securities of a
Series that a Responsible Officer of the Trustee knows are so owned shall be so disregarded.

     Section 2.11. Temporary Securities.

          Until definitive Securities are ready for delivery, the Issuer may prepare and the Trustee
shall authenticate temporary Securities upon a Company Order. Temporary Securities shall be
substantially in the form of definitive Securities but may have variations that the Issuer
considers appropriate for temporary Securities. Without unreasonable delay, the Issuer shall
prepare and the Trustee upon request shall authenticate definitive Securities of the same Series
and date of maturity in exchange for temporary Securities. Until so exchanged, temporary
securities shall have the same rights under this Indenture as the definitive Securities.

     Section 2.12. Cancellation.

          The Issuer at any time may deliver Securities to the Trustee for cancellation. The Agents
shall forward to the Trustee any Securities surrendered to them for registration of transfer,
exchange or payment. The Trustee shall cancel all Securities surrendered for transfer, exchange,
payment, replacement or cancellation and shall destroy such canceled Securities (subject to the
record retention requirement of the Exchange Act) and deliver a certificate of such destruction to
the Issuer upon written request. The Issuer may not issue new Securities to replace Securities
that it has paid or delivered to the Trustee for cancellation.

     Section 2.13. Global Securities.

          2.13.1. Transfer and Exchange. Notwithstanding any provisions to the contrary
contained in Section 2.7 of this Indenture and in addition thereto, any Global Security shall be
exchangeable pursuant to Section 2.7 of this Indenture for Securities registered in the names of
Holders other than the Depositary for such Security or its nominee only if (i) such Depositary
notifies the Issuer that it is unwilling or unable to continue as Depositary for such Global
Security or if at any time such Depositary ceases to be a clearing agency registered under the
Exchange Act, and, in either case, the Issuer fails to appoint a successor Depositary registered as
a clearing agency under the Exchange Act within 90 days of such event or (ii) the Issuer executes
and delivers to the Trustee an Officer’s Certificate to the effect that such Global Security shall
be so exchangeable. Any Global Security that is exchangeable pursuant to the preceding sentence
shall be exchangeable for Securities registered in such names as the Depositary shall direct in
writing in an aggregate principal amount equal to the principal amount of the Global Security with
like tenor and terms.

          Except as provided in this Section 2.13.1, a Global Security may not be transferred except as
a whole by the Depositary with respect to such Global Security to a

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nominee of such Depositary, by a nominee of such Depositary to such Depositary or another
nominee of such Depositary or by the Depositary or any such nominee to a successor Depositary or a
nominee of such a successor Depositary.

          Neither the Trustee nor any Agent shall have any obligation or duty to monitor, determine or
inquire as to compliance with any tax or securities laws with respect to any restrictions on
transfer imposed under this Indenture or under applicable law (including any transfers between or
among Depositary participants, members or beneficial owners in any Global Security) other than to
require delivery of such certificates and other documentation or evidence as are expressly required
by, and to do so if and when expressly required by, the terms of this Indenture, and to examine the
same to determine substantial compliance as to form with the express requirements hereof.

          2.13.2. Legend. Any Global Security issued hereunder shall bear a legend in
substantially the following form:

          “THIS SECURITY IS A GLOBAL SECURITY WITHIN THE MEANING OF THE INDENTURE HEREINAFTER REFERRED
TO AND IS REGISTERED IN THE NAME OF THE DEPOSITARY OR A NOMINEE OF THE DEPOSITARY. THIS SECURITY
IS EXCHANGEABLE FOR SECURITIES REGISTERED IN THE NAME OF A PERSON OTHER THAN THE DEPOSITARY OR ITS
NOMINEE ONLY IN THE LIMITED CIRCUMSTANCES DESCRIBED IN THE INDENTURE, AND MAY NOT BE TRANSFERRED
EXCEPT AS A WHOLE BY THE DEPOSITARY TO A NOMINEE OF THE DEPOSITARY, BY A NOMINEE OF THE DEPOSITARY
TO THE DEPOSITARY OR ANOTHER NOMINEE OF THE DEPOSITARY OR BY THE DEPOSITARY OR ANY SUCH NOMINEE TO
A SUCCESSOR DEPOSITARY OR A NOMINEE OF SUCH A SUCCESSOR DEPOSITARY.”

          2.13.3. Acts of Holders. The Depositary, as a Holder, may appoint agents and
otherwise authorize participants to give or take any request, demand, authorization, direction,
notice, consent, waiver or other action which a Holder is entitled to give or take under this
Indenture.

          2.13.4. Payments. Notwithstanding the other provisions of this Indenture, unless
otherwise specified as contemplated by Section 2.2, payment of the principal of and interest, if
any, on any Global Security shall be made to the Holder thereof, which in the case of a Depositary
therefore will be made in accordance with its applicable procedures.

          2.13.5. Holders. The Issuer, the Trustee and each Agent shall treat the Person in
whose name any Security is registered in the register maintained by the Registrar as the Holder for
all purposes including for purposes of obtaining any consents, declarations, waivers or directions
permitted or required to be given by the Holders pursuant to this Indenture.

          2.13.6. No Obligation of the Trustee. Neither the Trustee nor any Agent shall have
any responsibility or obligation to any beneficial owner of an interest in a Global Security, a
member of, or a participant in, the Depositary or other Person with respect to the accuracy of the
records of the Depositary or its nominee or of any participant or member thereof, with

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respect to any ownership interest in the Securities or with respect to the delivery to any
participant, member, beneficial owner or other Person (other than the Depositary) of any notice
(including any notice of redemption) or 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 with respect to
the Securities shall be given or made only to or upon the order of the registered Holders (which
shall be the Depositary or its nominee in the case of a Global Security). The rights of beneficial
owners in any Global Security shall be exercised only through the Depositary subject to the
applicable rules and procedures of the Depositary. The Trustee and each Agent may rely and shall
be fully protected in relying upon information furnished by the Depositary with respect to its
members, participants and any beneficial owners.

     Section 2.14. CUSIP Numbers.

          The Issuer in issuing the Securities may use “CUSIP”, “ISIN” and or “Common Code” numbers (if
then generally in use), and, if so, the Trustee shall use “CUSIP”, “ISIN” and or “Common Code”
numbers in notices of redemption as a convenience to Holders; provided that any such notice may
state that no representation is made as to the correctness of such numbers either as printed on the
Securities or as contained in any notice of a redemption and that reliance may be placed only on
the other elements of identification printed on the Securities, and any such redemption shall not
be affected by any defect in or omission of such numbers.

ARTICLE III.

REDEMPTION

     Section 3.1. Notice to Trustee; No Liability for Calculations.

          The Issuer may, with respect to any Series of Securities, reserve the right to redeem and pay
such Series of Securities or may covenant to redeem and pay such Series of Securities or any part
thereof prior to the Stated Maturity thereof at such time and on such terms as provided for in
Sections 3.2 and 3.3 hereof or, as applicable, in the Board Resolution, Officer’s Certificate or
supplemental indenture relating to such Series. If a Series of Securities is redeemable and the
Issuer wants or is obligated to redeem prior to the Stated Maturity thereof all or part of the
Series of Securities pursuant to the terms of such Securities, it shall notify the Trustee in
writing of the redemption date and the principal amount of Series of Securities to be redeemed at
least 40 days before a redemption date (or such shorter notice as may be acceptable to the
Trustee). The Trustee shall have no liability with respect to or obligation to calculate the
redemption price of any Securities to be redeemed pursuant to this Indenture.

     Section 3.2. Selection of Securities to be Redeemed.

          Unless otherwise indicated for a particular Series by a Board Resolution, Officer’s
Certificate or a supplemental indenture, if less than all of the Securities of a Series are to be
redeemed at any time, the Trustee will select the Securities of a Series to be redeemed on a pro
rata basis (or, in the case of Securities issued in global form based on a method that most nearly
approximates a pro rata selection as the Trustee deems fair and appropriate) unless otherwise

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required by law or applicable stock exchange or Depositary requirements. The Trustee will not
be liable for selections made by it as contemplated in this section.

          No Securities of a Series in principal amount of $1,000 or less can be redeemed in part.

          Notices of purchase or redemption will be given to each Holder pursuant to Section 3.3 and
Section 10.1.

     Section 3.3. Notice of Redemption.

          Unless otherwise indicated for a particular Series by Board Resolution, Officer’s Certificate
or supplemental indenture, at least 10 days but not more than 60 days before a redemption date, the
Issuer will deliver a notice of redemption to each Holder whose Securities are to be redeemed in
accordance with Section 10.1, except that redemption notices may be given more than 60 days prior
to a redemption date if the notice is issued in connection with a defeasance of the Securities or a
satisfaction and discharge of this Indenture pursuant to Article VIII hereof.

          The notice shall identify the Securities to be redeemed and corresponding CUSIP, ISIN or
Common Code numbers, as applicable, and will state:

     (a) the redemption date;

     (b) the redemption price and the amount of accrued interest, if any, to be paid;

     (c) if any Global Security is being redeemed in part, the portion of the principal
amount of such Global Security to be redeemed and that, after the redemption date upon
surrender of such Global Security, the principal amount thereof will be decreased by the
portion thereof redeemed pursuant thereto;

     (d) if any Certificated Security is being redeemed in part, the portion of the
principal amount of such Security to be redeemed, and that, after the redemption date, upon
surrender of such Security, a new Certificated Security or Certificated Securities in
principal amount equal to the unredeemed portion thereof will be issued in the name of the
Holder thereof upon cancellation of the original Certificated Security;

     (e) the name and address of the Paying Agent(s) to which the Securities are to be
surrendered for redemption;

     (f) that Securities called for redemption must be surrendered to the relevant Paying
Agent to collect the redemption price, plus accrued and unpaid interest, if any;

     (g) that, unless the Issuer defaults in making such redemption payment, interest on
Securities called for redemption cease to accrue on and after the redemption date;

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     (h) that Securities of the Series called for redemption must be surrendered to the
Paying Agent to collect the redemption price;

     (i) the paragraph of the Securities and/or Section of this Indenture pursuant to which
the Securities called for redemption are being redeemed; and

     (j) that no representation is made as to the correctness or accuracy of the CUSIP, ISIN
or Common Code numbers, if any, listed in such notice or printed on the Securities.

          At the Issuer’s written request, the Trustee shall give the notice of redemption in the
Issuer’s name and at its expense; provided, however, that the Issuer has delivered to the Trustee,
at least 40 days prior to the redemption date (or such shorter period of time as the Trustee may
permit), 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 preceding paragraph.

     Section 3.4. Effect of Notice of Redemption.

          Once notice of redemption is mailed or published as provided in Section 3.3, Securities of a
Series called for redemption become due and payable on the redemption date and at the redemption
price. Unless otherwise indicated for a particular Series by Board Resolution, Officer’s
Certificate or supplemental indenture, a notice of redemption may not be conditional. Upon
surrender to the Paying Agent, such Securities shall be paid at the redemption price plus accrued
interest to the redemption date.

          On or after any purchase or redemption date, unless the Issuer defaults in payment of the
purchase or redemption price, interest shall cease to accrue on Securities or portions thereof
tendered for purchase or called for redemption.

     Section 3.5. Deposit of Redemption Price.

          On or before 10:00 a.m., New York City time, on the redemption date, the Issuer shall deposit
with the Paying Agent money in immediately available funds sufficient to pay the redemption price
of and accrued interest, if any, on all Securities to be redeemed on that date.

     Section 3.6. Securities Redeemed in Part.

          Upon surrender of a Certificated Security that is redeemed in part, the Trustee shall
authenticate for the Holder a new Certificated Security of the same Series and the same maturity
equal in principal amount to the unredeemed portion of the Security surrendered.

          In relation to Certificated Securities, a new Security in principal amount equal to the
unpurchased or unredeemed portion of any Security purchased or redeemed in part will be issued in
the name of the Holder thereof upon cancellation of the original Certificated Security.

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     Section 3.7. Sinking Fund.

          Unless otherwise indicated for a particular Series by Board Resolution, Officer’s Certificate
or supplemental indenture, the provisions of Sections 3.7, 3.8 and 3.9 shall be applicable to any
sinking fund for the retirement of Securities of a Series.

          The minimum amount of any sinking fund payment provided for by the terms of Securities of any
Series is referred to as a “mandatory sinking fund payment”, and any payment in excess of such
minimum amount provided for by the terms of Securities of any Series is referred to as an “optional
sinking fund payment.” If provided for by the terms of Securities of any Series, the cash amount
of any sinking fund payment may be subject to reduction as provided in Section 3.8. Each sinking
fund payment shall be applied to the redemption of Securities of any Series as provided for by the
terms of Securities of such Series.

     Section 3.8. Satisfaction of Sinking Fund Payments with Securities.

          The Issuer (i) may deliver outstanding Securities of a Series other than any Securities
previously called for redemption and (ii) may apply as a credit Securities of a Series that have
been redeemed either at the election of the Issuer pursuant to the terms of such Securities or
through the application of permitted optional sinking fund payments pursuant to the terms of such
Securities, in each case in satisfaction of all or any part of any sinking fund payment with
respect to the Securities of such Series required to be made pursuant to the terms of such
Securities, provided that such Securities have not been previously so credited. Such Securities
shall be received and credited for such purpose by the Trustee at the redemption price specified in
such Securities for redemption through operation of the sinking fund and the amount of such sinking
fund payment shall be reduced accordingly.

     Section 3.9. Redemption of Securities for Sinking Fund.

          Not
less than 10 days prior to each sinking fund payment date for any Series of Securities,
the Issuer will deliver to the Trustee an Officer’s Certificate specifying the amount of the next
ensuing sinking fund payment for that Series pursuant to the terms of the Series, the portion
thereof, if any, that is to be satisfied by payment of cash in the currency in which the Securities
of such Series are denominated (except as provided pursuant to Section 2.2), the portion thereof,
if any, that is to be satisfied by delivering and crediting Securities of that Series pursuant to
Section 3.8 and the basis for such credit. Together with such Officer’s Certificate, the Issuer
will deliver to the Trustee any Securities to be so delivered. Not
less than 10 days before each
such sinking fund payment date the Trustee shall select the Securities to be redeemed upon such
sinking fund payment date in the manner specified in Section 3.2 and cause notice of the redemption
thereof to be given in the name of and at the expense of the Issuer in the manner provided in
Section 3.3.

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ARTICLE IV.

COVENANTS

     Section 4.1. Payment of Principal, Premium and Interest.

          The Issuer covenants and agrees for the benefit of the Holders of each Series of Securities
that it will duly and punctually pay the principal of, premium, if any, and interest, on the
Securities of that Series in accordance with the terms of such Securities and this Indenture.
Unless otherwise provided by Board Resolution, Officer’s Certificate or supplemental indenture for
a particular Series, on or before 10:00 a.m., New York City time, on the applicable payment date,
the Issuer shall deposit with the Paying Agent money sufficient to pay the principal of, premium,
if any, and interest on the Securities of each such Series in accordance with the terms of such
Securities and this Indenture.

     Section 4.2. Compliance Certificate.

          The Issuer shall deliver to the Trustee, within 120 days after the end of the fiscal year of
the Issuer (which as of the date of this Indenture is December 31, or if the fiscal year with
respect to the Issuer, is changed, such other fiscal year end date as the Issuer, shall notify to
the Trustee in writing), an Officer’s Certificate stating that a review of the activities of the
Issuer and the Subsidiaries of the Issuer during the preceding fiscal year has been made under the
supervision of the signing Officer with a view to determining whether the Issuer has kept,
observed, performed and fulfilled its obligations under this Indenture, and further stating, as to
each such Officer signing such certificate, that to his/her knowledge the Issuer is not in default
in the performance or observance of any of the terms, provisions and conditions hereof (or, if a
Default or Event of Default shall have occurred, describing all such Defaults or Events of Default
of which he may have knowledge). Such Officer’s Certificate need not include a reference to any
non-compliance that has been fully cured prior to the date as of which such certificate speaks.

          The Issuer will, so long as any of the Securities are outstanding, deliver to the Trustee,
within 30 days upon becoming aware of any Default or Event of Default, an Officer’s Certificate
specifying such Default or Event of Default and what action the Issuer is taking or proposes to
take with respect thereto.

     Section 4.3. Stay, Extension and Usury Laws.

          The Issuer covenants (to the extent that it may lawfully do so) that it will not at any time
insist upon, plead, or in any manner whatsoever claim or take the benefit or advantage of, any
stay, extension or usury law wherever enacted, now or at any time hereafter in force, which may
affect the covenants or the performance of this Indenture or the Securities; and the Issuer (to the
extent it may lawfully do so) hereby expressly waives all benefit or advantage of any such law and
covenants that it will not, by resort to any such law, 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 has been enacted.

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     Section 4.4. Corporate Existence.

          Subject to Article V, the Issuer will do or cause to be done all things necessary to preserve
and keep in full force and effect its corporate existence and rights (charter and statutory);
provided, however, that the Issuer shall not be required to preserve any such right if its Board of
Directors shall determine that the preservation thereof is no longer desirable in the conduct of
its business and its Subsidiaries taken as a whole and that the loss thereof is not adverse in any
material respect to the Holders of the Securities.

     Section 4.5. Reports.

     (a) So long as any Securities are outstanding, the Issuer shall file with the Trustee,
within 15 days after the Issuer files with the SEC, copies of the annual reports and of the
information, documents and other reports (or copies of such portions of any of the foregoing
as the SEC may from time to time by rules and regulations prescribe) that the Issuer may be
required to file with the SEC pursuant to Section 13 or Section 15(d) of the Exchange Act.
The Issuer shall be deemed to have complied with the previous sentence to the extent that
such information, documents and reports are filed with the SEC via EDGAR (or any successor
electronic delivery procedure).

     (b) 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 the Issuer’s compliance with any of its covenants hereunder (as
to which the Trustee is entitled to rely exclusively on Officer’s Certificates).

ARTICLE V.

SUCCESSORS

     Section 5.1. Consolidation, Merger and Sale of Assets.

          The Issuer may not, directly or indirectly: (x) consolidate or merge with or into or wind up
into another Person (whether or not the Issuer is the surviving Person); or (y) sell, assign,
transfer, convey or otherwise dispose of all or substantially all of its properties or assets, in
one or more related transactions, to another Person; unless:

     (a) either: (i) the Issuer is the surviving Person; or (ii) the Person formed by or
surviving any such consolidation or merger (if other than the Issuer) or to which such sale,
assignment, transfer, conveyance or other disposition has been made is a corporation,
limited liability company or limited partnership organized or existing under the laws of the
jurisdiction of organization of the Issuer or the United States, any state of the United
States, the District of Columbia or any territory thereof (the Issuer or such Person, as the
case may be, hereinafter referred to as the “Successor Company”);

     (b) the Successor Company (if other than the Issuer) expressly assumes all the
obligations of the Issuer under the Securities and the Indenture;

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     (c) immediately after such transaction no Default or Event of Default exists;

     (d) the Issuer shall have delivered to the Trustee an Officer’s Certificate and an
Opinion of Counsel, each stating that such consolidation, merger or transfer and such
amendment or supplement (if any) comply with the Indenture.

          The Successor Company shall succeed to, and be substituted for, the Issuer under this
Indenture and the Securities.

ARTICLE VI.

DEFAULTS AND REMEDIES

     Section 6.1. Events of Default.

          The following are “Events of Default” with respect to the Securities of any Series, unless in
the establishing Board Resolution, Officer’s Certificate or supplemental indenture, it is provided
that such Series shall not have the benefit of said Event of Default:

     (a) the Issuer defaults in payment when due and payable, upon redemption, acceleration
or otherwise, of principal of, or premium, if any, on the Notes;

     (b) the Issuer defaults in the payment when due of interest on or with respect to the
Notes and such default continues for a period of 30 days;

     (c) the Issuer defaults in the performance of, or breaches any covenant, warranty or
other agreement contained in this Indenture (other than a default in the performance or
breach of a covenant, warranty or agreement which is specifically dealt with in clauses (a)
or (b) above) and such default or breach continues for a period of 90 days after the notice
specified below;

     (d) the Issuer pursuant to or within the meaning of any Bankruptcy Law:

     (1) commences a voluntary case,

     (2) consents to the entry of an order for relief against it in an involuntary
case,

     (3) consents to the appointment of a Custodian of it or for all or
substantially all of its property,

     (4) makes a general assignment for the benefit of its creditors, or

     (5) generally is unable to pay its debts as the same become due; or

     (e) a court of competent jurisdiction enters an order or decree under any Bankruptcy
Law that:

     (1) is for relief against the Issuer in an involuntary case,

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     (2) appoints a Custodian of the Issuer for all or substantially all of its
property, or

     (3) orders the liquidation of the Issuer,

     and the order or decree remains unstayed and in effect for 60 days; or

     (f) any other Event of Default provided in the supplemental indenture or Board
Resolution under which such Series of Securities is issued or in the form of Security for
such Series.

          The term “Bankruptcy Law” means title 11, U.S. Code or any similar Federal or State law for
the relief of debtors. The term “Custodian” means any receiver, trustee, assignee, liquidator or
similar official under any Bankruptcy Law.

          A Default under one Series of Securities issued under this Indenture will not necessarily be a
default under another Series of Securities under this Indenture.

     Section 6.2. Acceleration of Maturity; Rescission and Annulment.

          If an Event of Default for a Series of Securities occurs and is continuing (other than an
Event of Default referred to in Section 6.1(d) or (e)), the Trustee or the Holders of at least 25%
in principal amount of such Series of Securities may declare the unpaid principal of all such
Securities to be due and payable by notice in writing to the Issuer and the Trustee specifying the
respective Event of Default and that it is a “notice of acceleration” (the “Acceleration Notice”),
and the same shall become immediately due and payable. If an Event of Default referred to in
Section 6.1(d) or (e) occurs, the principal amount plus accrued and unpaid interest on such Series
of Securities will become immediately due and payable without any action on the part of the Trustee
or any Holder.

          At any time after such a declaration of acceleration with respect to any Series has been made
and before a judgment or decree for payment of the money due has been obtained by the Trustee as
hereinafter in this Article VI provided, the Holders of a majority in principal amount of the
outstanding Securities of that Series, by written notice to the Issuer and the Trustee, may rescind
and annul such declaration and its consequences if all Events of Default with respect to Securities
of that Series, other than the non-payment of the principal and interest, if any, of Securities of
that Series which have become due solely by such declaration of acceleration, have been cured or
waived as provided in Section 6.13.

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

     Section 6.3. Collection of Indebtedness and Suits for Enforcement by Trustee.

          The Issuer covenants that if

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

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     (b) default is made in the payment of principal of any Security at the Maturity
thereof, or

     (c) default is made in the deposit of any sinking fund payment when and as due by the
terms of a Security,

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

          If the Issuer fails to pay such amounts forthwith upon such demand, the Trustee, in its own
name and as trustee of an express trust, may institute a judicial proceeding for the collection of
the sums so due and unpaid, may prosecute such proceeding to judgment or final decree and may
enforce the same against the Issuer or any other obligor upon such Securities and collect the
moneys adjudged or deemed to be payable in the manner provided by law out of the property of the
Issuer or any other obligor upon such Securities, wherever situated.

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

     Section 6.4. Trustee May File Proofs of Claim.

          In case of the pendency of any receivership, insolvency, liquidation, bankruptcy,
reorganization, arrangement, adjustment, composition or other judicial proceeding relative to the
Issuer or any other obligor upon the Securities or the property of the Issuer or of such other
obligor or their creditors, the Trustee (irrespective of whether the principal of the Securities
shall then be due and payable as therein expressed or by declaration or otherwise and irrespective
of whether the Trustee shall have made any demand on the Issuer for the payment of overdue
principal or interest) shall be entitled and empowered, by intervention in such proceeding or
otherwise,

     (a) to file and prove a claim for the whole amount of principal and interest owing and
unpaid with respect to the Securities and to file such other papers or documents as may be
necessary or advisable in order to have the claims of the Trustee (including any claim for
the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents
and counsel) and of the Holders allowed in such judicial proceeding, and

     (b) to collect and receive any moneys or other property payable or deliverable on any
such claims and to distribute the same,

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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 7.6.

          Nothing herein contained shall be deemed to authorize the Trustee to authorize or consent to
or accept or adopt on behalf of any Holder any plan of reorganization, arrangement, adjustment or
composition affecting the Securities or the rights of any Holder thereof or to authorize the
Trustee to vote with respect to the claim of any Holder in any such proceeding.

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

     Section 6.6. Application of Money Collected.

          Any money collected by the Trustee pursuant to this Article VI shall be applied in the
following order, at the date or dates fixed by the Trustee and, in case of the distribution of such
money on account of principal or interest, upon presentation of the Securities and the notation
thereon of the payment if only partially paid and upon surrender thereof if fully paid:

          First: To the payment of all amounts due the Trustee under Section 7.6;

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

          Third: To the Issuer.

     Section 6.7. Limitation on Suits.

          A Holder of Securities of any Series may pursue any remedy under this Indenture applicable to
such Securities only if:

     (a) the Holder gives the Trustee written notice of a continuing Event of Default for
such Series of Securities;

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     (b) the Holders of at least 25% in principal amount of such outstanding Series of
Securities make a written request to the Trustee to pursue the remedy;

     (c) the Holders furnish to the Trustee indemnity reasonably satisfactory to the Trustee
against the costs, expenses and liabilities which might be incurred by it in compliance with
such request;

     (d) the Trustee fails to act for a period of 60 days after receipt of notice and
furnishing of indemnity; and

     (e) during that 60-day period, the Holders of a majority in principal amount of such
Securities do not give the Trustee a direction inconsistent with the request.

          This provision does not, however, affect the right of a Holder of Securities to sue for
enforcement of any overdue payment with respect to such Securities.

     Section 6.8. Unconditional Right of Holders to Receive Principal and Interest.

          Notwithstanding any other provision in this Indenture, the Holder of any Security shall have
the right, which is absolute and unconditional, to receive payment of the principal of and
interest, if any, on such Security on the Stated Maturity or Stated Maturities expressed in such
Security (or, in the case of redemption, on the redemption date) and to institute suit for the
enforcement of any such payment, and such rights shall not be impaired without the consent of such
Holder.

     Section 6.9. 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 Issuer, 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 6.10. Rights and Remedies Cumulative.

          Except as otherwise provided with respect to the replacement or payment of mutilated,
destroyed, lost or stolen Securities in Section 2.8, no right or remedy herein conferred upon or
reserved to the Trustee or to the Holders is intended to be exclusive of any other right or
remedy, and every right and remedy shall, to the extent permitted by law, be cumulative and in
addition to every other right and remedy given hereunder or now or hereafter existing at law or in
equity or otherwise. The assertion or employment of any right or remedy hereunder, or otherwise,
shall not, to the extent permitted by law, prevent the concurrent assertion or employment of any
other appropriate right or remedy.

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     Section 6.11. Delay or Omission Not Waiver.

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

     Section 6.12. Control by Holders.

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

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

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

     (c) the Trustee shall have the right to decline to follow any such direction if the
Trustee in good faith shall, by a Responsible Officer of the Trustee, determine that the
proceeding so directed would involve the Trustee in personal liability or that it will not
be adequately indemnified against the costs, expenses and liabilities which might be
incurred by it in complying with such direction.

     Section 6.13. Waiver of Past Defaults.

          The Holders of not less than a majority in principal amount of the outstanding Securities of
any Series may on behalf of the Holders of all the Securities of such Series waive an existing
Default or Event of Default hereunder with respect to such Series and its consequences, except a
Default in the payment of the principal of or interest on any Security of such Series (provided,
however, that the Holders of a majority in principal amount of the outstanding Securities of any
Series may rescind an acceleration and its consequences, including any related payment default that
resulted from such acceleration). Upon any such waiver, such Default shall cease to exist, and any
Event of Default arising therefrom shall be deemed to have been cured, for every purpose of this
Indenture; but no such waiver shall extend to any subsequent or other Default or impair any right
consequent thereon.

     Section 6.14. Undertaking for Costs.

          All parties to this Indenture agree, and each Holder of any Security by his acceptance thereof
shall be deemed to have agreed, that any court may in its discretion require, in any suit for the
enforcement of any right or remedy under this Indenture, or in any suit against the Trustee for any
action taken, suffered or omitted by it as Trustee, the filing by any party litigant in such suit
of an undertaking to pay the costs of such suit, and that such court may in its

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discretion assess
reasonable costs, including reasonable attorneys’ fees, against any party litigant in such suit,
having due regard to the merits and good faith of the claims or defenses made by such party
litigant; but the provisions of this Section shall not apply to any suit instituted by the Issuer
to any suit instituted by the Trustee, to any suit instituted by any Holder, or group of Holders,
holding in the aggregate more than 10% in principal amount of the outstanding Securities of any
Series, or to any suit instituted by any Holder for the enforcement of the payment of the principal
of or interest on any Security on or after the Stated Maturity or Stated Maturities expressed in
such Security (or, in the case of redemption, on the redemption date).

ARTICLE VII.

TRUSTEE

     Section 7.1. Duties of Trustee.

     (a) If an Event of Default has occurred and is continuing, the Trustee shall exercise
such of the rights and powers vested in it by this Indenture, and use the same degree of
care and skill in such exercise, as a prudent man would exercise or use under the
circumstances in the conduct of his own affairs.

     (b) Except during the continuance of an Event of Default with respect to the Securities
of any Series:

	 	(1)	 	the Trustee need perform only those duties that
are specifically set forth in this Indenture and no others, and no
implied covenants or obligations shall be read into this Indenture
against the Trustee; and
	 
	 	(2)	 	in the absence of bad faith on its part, the
Trustee may conclusively rely, as to the truth of the statements and
the correctness of the opinions expressed therein, upon certificates or
opinions furnished to the Trustee and conforming to the requirements of
this Indenture. However, the Trustee shall examine such certificates
and opinions to determine whether, on their face, they appear to
conform to the requirements of this Indenture.

     (c) The Trustee may not be relieved from liabilities for its own grossly negligent
action, its own grossly negligent failure to act or its own willful misconduct, except that:

	 	(1)	 	this paragraph does not limit the effect of
paragraph (b) of this Section 7.1; and
	 
	 	(2)	 	the Trustee shall not be liable for any error
of judgment made in good faith by a Responsible Officer, unless it is
proved that the Trustee was grossly negligent in ascertaining the
pertinent facts.

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     (d) Whether or not therein expressly so provided, every provision of this Indenture
that in any way relates to the Trustee is subject to the provisions of this Article VII.

     (e) No provision of this Indenture shall require the Trustee to expend or risk its own
funds or incur any liability. The Trustee may refuse to perform any duty or exercise any
right or power unless it receives indemnity reasonably satisfactory to it against any loss,
liability or expense.

     (f) The Trustee shall not be liable for interest on or investment of any money received
by it except as the Trustee may agree in writing with the Issuer. Money held in trust by
the Trustee need not be segregated from other funds except to the extent required by law.
All money received by the Trustee shall, until applied as herein provided, be held in trust
for the payment of the principal of and premium (if any) and interest on the Securities.

     Section 7.2. Rights of Trustee.

     (a) The Trustee may conclusively rely and shall be fully protected in acting or
refraining from acting, upon any resolution, certificate, statement, instrument, opinion,
report, notice, request, direction, consent, order, note, debenture or other paper or
document believed by it to be genuine and to have been signed or presented by the proper
Person. The Trustee need not investigate any fact or matter stated in any resolution,
certificate, statement, instrument, opinion, report, notice, request, direction, consent,
order, bond, security or other paper or document.

     (b) Before the Trustee acts or refrains from acting, it may require instruction, an
Officer’s Certificate or an Opinion of Counsel or both to be provided by the Issuer. The
Trustee shall not be liable for any action it takes or omits to take in good faith in
reliance on such instruction, Officer’s Certificate or Opinion of Counsel. The Trustee may
consult with counsel and the written advice of such counsel or any Opinion of Counsel shall
be full and complete authorization and protection with respect to any action taken, suffered
or omitted by it hereunder in good faith and in reliance thereon.

     (c) The Trustee may act through agents, attorneys, custodians or nominees and shall not
be responsible for the misconduct or negligence of any agent, attorney, custodian or nominee
appointed with due care.

     (d) 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 conferred upon it by
this Indenture or with respect to any action it takes or omits to take in good faith in
accordance with a direction received by it from the Holders of a majority in aggregate
principal amount of the relevant Series of Securities.

     (e) Unless otherwise specifically provided in this Indenture, any demand, request,
direction or notice from the Issuer shall be sufficient if signed by an Officer of the
Issuer.

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     (f) Anything in this Indenture to the contrary notwithstanding, in no event shall the
Trustee be liable under or in connection with this Indenture for indirect, special,
incidental, punitive or consequential losses or damages of any kind whatsoever, including
but not limited to lost profits, whether or not foreseeable, even if the Trustee has been
advised of the possibility thereof and regardless of the form of action in which such
damages are sought.

     (g) The Trustee shall be under no obligation to exercise any of the trusts or powers
vested in it by this Indenture at the request, order or direction of any of the Holders of
Securities pursuant to the provisions of this Indenture, unless such Holders of Securities
shall have offered to the Trustee, security or indemnity reasonably satisfactory to the
Trustee against the costs, expenses and liabilities which might be incurred therein or
thereby.

     (h) The Trustee shall not be deemed to have notice of any Event of Default with respect
to the Securities unless a Responsible Officer of the Trustee has actual knowledge thereof
or unless written notice of any event which is in fact such a default is received by a
Responsible Officer at the Corporate Trust Office of the Trustee, and such notice references
the Securities and this Indenture.

     (i) The Trustee may at any time request, and the Issuer shall deliver an Officer’s
Certificate setting forth the specimen signatures and the names of individuals and/or titles
of Officers authorized at such time to take specified actions pursuant to this Indenture,
which Officer’s Certificate may be signed by any Person authorized to sign an Officer’s
Certificate, including any Person specified as so authorized in any such certificate
previously delivered and not superseded.

     (j) Notwithstanding any provision herein to the contrary, in no event shall the Trustee
be liable for any failure or delay in the performance of its obligations under this
Indenture because of circumstances beyond its control, including, but not limited to, acts
of God, flood, war (whether declared or undeclared), terrorism, fire, riot, strikes or work
stoppages for any reason, embargo, government action, including any laws, ordinances,
regulations or the like which restrict or prohibit the providing of the services
contemplated by this Indenture, inability to obtain material, equipment, or communications
or computer facilities, or the failure of equipment or interruption of communications or
computer facilities, and other causes beyond its control whether or not of the same class or
kind as specifically named above.

     (k) The rights, privileges, protections, immunities and benefits given to the Trustee,
including its right to be indemnified, are extended to, and shall be enforceable
by, the Trustee in each of its capacities hereunder, each Agent, and each other agent,
custodian and other Person employed to act hereunder.

     Section 7.3. May Hold Securities.

          The Trustee in its individual or any other capacity may become the owner or pledgee of
Securities and may otherwise deal with the Issuer or any of its Affiliates with the

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same rights it
would have if it were not Trustee. Any Agent may do the same with like rights and duties.
However, the Trustee is subject to Sections 7.9 and 7.10.

     Section 7.4. Trustee’s Disclaimer.

          The Trustee makes no representation as to the validity, sufficiency or adequacy of any
offering materials, this Indenture or the Securities, it shall not be accountable for the Issuer’s
use of the proceeds from the Securities or any money paid to the Issuer or upon the Issuer’s
direction under any provision hereof, it shall not be responsible for any statement or recital
herein or any statement in any offering materials or the Securities other than its certificate of
authentication.

     Section 7.5. Notice of Defaults.

          If a Default or Event of Default with respect to the Securities of any Series occurs and is
continuing and it is actually known to the Trustee, the Trustee shall mail to Holders of Securities
of such Series a notice of the Default or Event of Default within 90 days after it occurs. Except
in the case of a Default or Event of Default in payment of principal of and premium (if any) and
interest on any sinking fund installment with respect to the Securities of such Series, the Trustee
may withhold the notice if and so long as a Responsible Officer in good faith determines that
withholding the notice is in the interests of Holders of Securities of such Series to do so.

     Section 7.6. Compensation and Indemnity.

          The Issuer agrees to pay to the Trustee for its acceptance of this Indenture and services
hereunder such compensation as the Issuer and the Trustee shall from time to time agree in writing.
The Trustee’s compensation shall not be limited by any law on compensation of a trustee of an
express trust. The Issuer agrees to reimburse the Trustee upon request for all reasonable
disbursements, advances and expenses incurred by it. Such expenses shall include the reasonable
compensation, disbursements and expenses of the Trustee’s agents and counsel.

          The Issuer shall indemnify the Trustee from, and hold it harmless against any damage, cost,
claim, loss, liability or expense (including the reasonable fees and expenses of the Trustee’s
agents and counsel) incurred by it arising out of or in connection with its acceptance and
administration of the trusts set forth under this Indenture, the performance of its obligations
and/or the exercise of its rights hereunder, including the reasonable costs and expenses of
defending itself against any claim, except as set forth in the next following paragraph. The
Trustee shall notify the Issuer promptly of any claim for which it may seek indemnity. The Issuer
shall defend the claim, with counsel reasonably acceptable to the Trustee, and the Trustee shall
cooperate in the defense, unless, the Trustee, in its reasonable discretion, determines that
any actual or potential conflict of interest may exist, in which case the Trustee may have
separate counsel, reasonably acceptable to the Issuer and the Issuer shall pay the reasonable fees
and expenses of such counsel. The Issuer need not pay for any settlement made without its consent.

          The Issuer shall not be obligated to reimburse any expense or indemnify against any loss or
liability incurred by the Trustee through the Trustee’s own gross negligence or bad faith.

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          To secure the payment obligations of the Issuer in this Section 7.6, 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 of and premium (if any) and interest on Securities of any Series.
Such lien and the obligations of the Issuer under this Section 7.6 shall survive the satisfaction
and discharge of this Indenture, the payment of the Securities and/or the resignation or removal of
the Trustee.

          When the Trustee incurs expenses or renders services in connection with an Event of Default,
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.

     Section 7.7. Replacement of Trustee.

          A resignation or removal of the Trustee and appointment of a successor Trustee shall become
effective only upon the successor Trustee’s acceptance of appointment as provided in this Section
7.7.

          The Trustee may resign and be discharged at any time with respect to the Securities of one or
more Series by so notifying the Issuer. The Holders of a majority in principal amount of the then
outstanding Securities of any Series may remove the Trustee with respect to the Securities of such
Series by so notifying the Trustee and the Issuer. The Issuer may remove the Trustee for any or
all Series of the Securities if:

     (a) the Trustee fails to comply with Section 7.9;

     (b) the Trustee is adjudged as bankrupt or an insolvent or an order for relief is
entered with respect to the Trustee under any Bankruptcy Law;

     (c) a Custodian or public officer takes charge of the Trustee or its property; or

     (d) the Trustee becomes incapable of acting.

          If the Trustee resigns or is removed or if a vacancy exists in the office of Trustee for any
reason, with respect to the Securities of one or more Series, the Issuer shall promptly appoint a
successor Trustee or Trustees with respect to the Securities of that or those Series (it being
understood that any such successor Trustee may be appointed with respect to the Securities of one
or more or all of such Series). Within one year after the successor Trustee with respect to the
Securities of any Series takes office, the Holders of a majority in principal amount of the
Securities of such Series then outstanding may appoint a successor Trustee to replace the
successor Trustee appointed by the Issuer.

          If a successor Trustee with respect to the Securities of any Series does not take office
within 30 days after the retiring Trustee resigns or is removed, the retiring Trustee, the Issuer
or the Holders of at least 10% in principal amount of the then outstanding Securities of such
Series may petition any court of competent jurisdiction for the appointment of a successor Trustee
with respect to the Securities of such Series.

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          If the Trustee with respect to the Securities of a Series fails to comply with Section 7.9,
any Holder of Securities of such Series may petition any court of competent jurisdiction for the
removal of the Trustee and the appointment of a successor Trustee with respect to the Securities of
such Series.

          In case of the appointment of a successor Trustee with respect to all Securities, each such
successor Trustee shall deliver a written acceptance of its appointment to the retiring Trustee and
to the Issuer. Thereupon the resignation or removal of the retiring Trustee shall become
effective, and the successor Trustee shall have all the rights, powers and duties of the retiring
Trustee under this Indenture. The successor Trustee shall give a notice of its succession to
Holders in accordance with Section 10.1. The retiring Trustee shall promptly transfer all property
held by it as Trustee to the successor Trustee, subject to the lien provided for in Section 7.6.

          In case of the appointment of a successor Trustee with respect to the Securities of one or
more Series, the Issuer, the retiring Trustee and each successor Trustee with respect to the
Securities of one or more Series shall execute and deliver an indenture supplemental hereto in
which each successor Trustee shall accept such appointment and that (1) shall confer to each
successor Trustee all the rights, powers and duties of the retiring Trustee with respect to the
Securities of that or those Series to which the appointment of such successor Trustee relates, (2)
if the retiring Trustee is not retiring with respect to all Securities, shall confirm that all the
rights, powers and duties of the retiring Trustee with respect to the Securities of that or those
Series as to which the retiring Trustee is not retiring shall continue to be vested in the retiring
Trustee and (3) shall add to or change any of the provisions of this Indenture as shall be
necessary to provide for or facilitate the administration of the trusts hereunder by more than one
Trustee. Nothing herein or in such supplemental indenture shall constitute such Trustees
co-trustees of the same trust, and each such Trustee shall be trustee of a trust or trusts
hereunder separate and apart from any trust or trusts hereunder administered by any other such
Trustee. Upon the execution and delivery of such supplemental indenture, the resignation or
removal of the retiring Trustee shall become effective to the extent provided therein and each such
successor Trustee shall have all the rights, powers and duties of the retiring Trustee with respect
to the Securities of that or those Series to which the appointment of such successor Trustee
relates. On request of the Issuer, or any successor Trustee, such retiring Trustee shall transfer
to such successor Trustee all property held by such retiring Trustee as Trustee with respect to the
Securities of that or those Series to which the appointment of such successor Trustee relates.
Such retiring Trustee shall, however, have the right to deduct its unpaid fees and expenses,
including attorneys’ fees.

          Notwithstanding replacement of the Trustee or Trustees pursuant to this Section 7.7, the
obligations of the Issuer under Section 7.6 shall continue for the benefit of the retiring Trustee
or Trustees.

     Section 7.8. Successor Trustee by Merger, etc.

          Subject to Section 7.9, if the Trustee consolidates, merges or converts into, or transfers all
or substantially all of its corporate trust business (including this transaction) to, another
corporation, the successor corporation without any further act shall be the successor Trustee.

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          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; and in case at that time any
of the Securities shall not have been authenticated, any successor to the Trustee may authenticate
such Securities either in the name of any predecessor hereunder or in the name of the successor to
the Trustee; and in all such cases such certificates shall have the full force which it is anywhere
in the Securities or in this Indenture provided that the certificate of the Trustee shall have.

     Section 7.9. Eligibility; Disqualification.

          There shall at all times be a Trustee hereunder which shall be a corporation organized and
doing business under the laws of the United States, any State thereof or the District of Columbia
and authorized under such laws to exercise corporate trust power, shall be subject to supervision
or examination by Federal or State (or the District of Columbia) authority and shall have, or be a
subsidiary of a bank or bank holding company having, a combined capital and surplus of at least $50
million as set forth in its most recent published annual report of condition.

     Section 7.10. Preferential Collection of Claims Against Issuer.

          The Trustee is subject to and shall comply with the provisions of the Trust Indenture Act of
1939, as amended (the “TIA”) § 311(a), as if such section applied hereto, excluding any creditor
relationship listed in TIA § 311(b). A Trustee who has resigned or been removed shall be subject
to TIA § 311(a), as if such section applied hereto, to the extent indicated therein.

ARTICLE VIII.

DISCHARGE OF INDENTURE

     Section 8.1. Termination of Issuer’s Obligations.

     (a) This Indenture shall cease to be of further effect with respect to the Securities of a
Series (except that all obligations of the Issuer under Section 7.6, the Trustee’s and Paying
Agent’s obligations under Section 8.3 and the rights, powers, protections and privileges accorded
the Trustee under Article VII shall survive), and the Trustee, on written demand of the Issuer
shall execute instruments acknowledging the satisfaction and discharge of this Indenture with
respect to the Securities of such Series, when:

     (1) either

	 	 	 	(A) all outstanding Securities of such Series theretofore
authenticated and issued (other than destroyed, lost or stolen
Securities that have been replaced or paid) have been delivered
to the Trustee for cancellation; or
	 
	 	 	 	(B) all outstanding Securities of such Series not theretofore
delivered to the Trustee for cancellation:

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	 	 	 	(i) have become due and payable, or
	 
	 	 	 	(ii) will become due and payable at their Stated Maturity within one year, or
	 
	 	 	 	(iii) are to be called for redemption within one year
under arrangements satisfactory to the Trustee for the
giving of notice of redemption by the Trustee in the
name, and at the expense, of the Issuer,

and, in the case of clause (i), (ii) or (iii) above, the Issuer has irrevocably deposited or
caused to be deposited with the Trustee as funds (immediately available to the Holders in
the case of clause (i)) in trust for such purpose (x) cash in an amount, or (y) Government
Obligations, maturing as to principal and interest at such times and in such amounts as will
ensure the availability of cash in an amount or (z) a combination thereof which will be
sufficient, in the opinion (in the case of (y) or (z)) of a nationally recognized firm of
independent public accountants expressed in a written certification thereof delivered to the
Trustee, to pay and discharge the entire indebtedness on the Securities of such Series for
principal and interest to the date of such deposit (in the case of Securities which have
become due and payable) or for principal, premium, if any, and interest to the Stated
Maturity or redemption date, as the case may be; or

	 	 	 	(C) the Issuer has properly fulfilled such other means of
satisfaction and discharge applicable to the Securities of such
Series;

     (2) the Issuer has paid or caused to be paid all other sums payable by it
hereunder with respect to the Securities of such Series; and

     (3) the Issuer has delivered to the Trustee an Officer’s Certificate stating
that all conditions precedent to satisfaction and discharge of this Indenture with
respect to the Securities of such Series have been complied with, together with an
Opinion of Counsel to the same effect.

     (b) Unless this Section 8.1(b) is specified as not being applicable to Securities of a Series
as contemplated by Section 2.2, the Issuer may terminate certain of its obligations under this
Indenture (“covenant defeasance”) with respect to the Securities of a Series if:

     (1) either the Issuer has irrevocably deposited or caused to be irrevocably
deposited with the Trustee as trust funds in trust for the purpose of making the
following payments, specifically pledged as security for and dedicated solely to the
benefit of the Holders of Securities of such Series, (i) money, or (ii) Government
Obligations with respect to such Series, maturing as to principal and interest at
such times and in such amounts as will ensure the availability of money in the
currency in which payment of the Securities of such Series is to be made in an
amount or (iii) a combination thereof, that is sufficient, in the opinion (in the
case of (ii) and (iii)) of a nationally recognized firm of independent public
accountants expressed in a written certification thereof delivered to the Trustee,
to

34

 

pay the principal of and premium (if any) and interest on all Securities of such
Series on each date that such principal, premium (if any) or interest is due and
payable and (at the Stated Maturity thereof or upon redemption as provided in
Section 8.1(e)) to pay all other sums payable by it hereunder; provided that the
Trustee shall have been irrevocably instructed to apply such money and/or the
proceeds of such Government Obligations to the payment of said principal, premium
(if any) and interest with respect to the Securities of such Series as the same
shall become due;

     (2) the Issuer has delivered to the Trustee an Officer’s Certificate stating
that all conditions precedent to satisfaction and discharge of this Indenture with
respect to the Securities of such Series have been complied with, and an Opinion of
Counsel to the same effect;

     (3) no Default or Event of Default with respect to the Securities of such
Series shall have occurred and be continuing on the date of such deposit (other than
a Default or Event of Default resulting from the borrowing of funds to be applied to
such deposit and the grant of any lien securing such borrowings);

     (4) the Issuer shall have delivered to the Trustee an Opinion of Counsel from a
nationally recognized counsel acceptable to the Trustee or a tax ruling to the
effect that the Holders will not recognize income, gain or loss for Federal income
tax purposes as a result of the Issuer’s exercise of its option under this Section
8.1(b) 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 option had not been
exercised; and

     (5) the Issuer has complied with any additional conditions specified pursuant
to Section 2.2 to be applicable to the discharge of Securities of such Series
pursuant to this Section 8.1.

          In such event, this Indenture shall cease to be of further effect (except as set forth in this
paragraph), and the Trustee, on written demand of the Issuer, shall execute instruments
acknowledging satisfaction and discharge under this Indenture. However, the Issuer’s
obligations in Sections 2.4, 2.5, 2.6, 2.7, 2.8, 2.9, 7.6, 7.7 and this Article VIII, the Trustee’s
and Paying Agent’s obligations in Section 8.3 and the rights, powers, protections and privileges
accorded the Trustee under Article VII shall survive until all Securities of such Series are no
longer outstanding. Thereafter, only the obligations of the Issuer in Section 7.6 and the
Trustee’s and Paying Agent’s obligations in Section 8.3 shall survive with respect to Securities of
such Series.

          In order to have money available on a payment date to pay principal of or premium (if any) or
interest on the Securities, the Government Obligations shall be payable as to principal or interest
on or before such payment date in such amounts as will provide the necessary money. Government
Obligations shall not be callable at the Issuer’s option.

35

 

     (c) If the Issuer has previously complied or is concurrently complying with the conditions set
forth in Section 8.1(b) (other than any additional conditions specified pursuant to Section 2.2
that are expressly applicable only to covenant defeasance) with respect to Securities of a Series,
then unless this Section 8.1(c) is specified as not being applicable to Securities of such Series
as contemplated by Section 2.2, the Issuer may elect to be discharged (“legal defeasance”) from its
obligations to make payments with respect to Securities of such Series, if:

     (1) unless otherwise specified with respect to Securities of such Series as
contemplated by Section 2.2, the Issuer has delivered to the Trustee an Opinion of
Counsel from a nationally recognized counsel acceptable to the Trustee to the effect
referred to in Section 8.1(b)(4) with respect to such legal defeasance, which
opinion is based on (i) a private ruling of the Internal Revenue Service addressed
to the Issuer, (ii) a published ruling of the Internal Revenue Service or (iii) a
change in the applicable federal income tax law (including regulations) after the
date of this Indenture; the Issuer has complied with any other conditions specified
pursuant to Section 2.2 to be applicable to the legal defeasance of Securities of
such Series pursuant to this Section 8.1(c); and

     (2) the Issuer has delivered to the Trustee a Company Request requesting such
legal defeasance of the Securities of such Series and an Officer’s Certificate
stating that all conditions precedent with respect to such legal defeasance of the
Securities of such Series have been complied with, together with an Opinion of
Counsel to the same effect.

          In such event, the Issuer will be discharged from its obligations under this Indenture and the
Securities of such Series to pay principal of and premium (if any) and interest on Securities of
such Series, the Issuer’s obligations under Sections 4.1 and 5.1 shall terminate with respect to
such Securities, and the entire indebtedness of the Issuer evidenced by such Securities shall be
deemed paid and discharged.

     (d) If and to the extent additional or alternative means of satisfaction, discharge or
defeasance of Securities of a Series are specified to be applicable to such Series as contemplated
by Section 2.2, the Issuer may terminate any or all of its obligations under this Indenture with
respect to the Securities of a Series and any or all of its obligations under the Securities of
such
Series if it fulfills such other means of satisfaction and discharge as may be so specified,
as contemplated by Section 2.2, to be applicable to the Securities of such Series.

     (e) If Securities of any Series subject to subsections (a), (b), (c) or (d) of this Section
8.1 are to be redeemed prior to their Stated Maturity, whether pursuant to any optional redemption
provisions or in accordance with any mandatory or optional sinking fund provisions, the terms of
the applicable trust arrangement shall provide for such redemption, and the Issuer shall make such
arrangements as are reasonably satisfactory to the Trustee for the giving of notice of redemption
in the name, and at the expense, of the Issuer.

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     Section 8.2. Application of Trust Money.

          The Trustee or a trustee satisfactory to the Trustee and the Issuer shall hold in trust money
or Government Obligations deposited with it pursuant to Section 8.1 hereof. It shall apply the
deposited money and the money from Government Obligations through the Paying Agent and in
accordance with this Indenture to the payment of principal of and premium (if any) and interest on
the Securities of the Series with respect to which the deposit was made.

     Section 8.3. Repayment to Issuer.

          The Trustee and the Paying Agent shall promptly pay to the Issuer, any excess money or
Government Obligations (or proceeds therefrom) held by them at any time upon the written request of
the Issuer.

          Subject to the requirements of any applicable abandoned property laws, the Trustee and the
Paying Agent shall pay to the Issuer, upon written request any money held by them for the payment
of principal, premium (if any) or interest that remains unclaimed for two years after the date upon
which such payment shall have become due. After payment to the Issuer, Holders entitled to the
money must look to the Issuer for payment as general creditors unless an applicable abandoned
property law designates another Person, and all liability of the Trustee and the Paying Agent with
respect to such money shall cease.

     Section 8.4. Reinstatement.

          If the Trustee or the Paying Agent is unable to apply any money or Government Obligations
deposited with respect to Securities of any Series in accordance with Section 8.1 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 Issuer
under this Indenture with respect to the Securities of such Series and under the Securities of such
Series shall be revived and reinstated as though no deposit had occurred pursuant to Section 8.1
until such time as the Trustee or the Paying Agent is permitted to apply all such money or
Government Obligations in accordance with Section 8.1; provided, however, that if the Issuer has
made any payment of principal of, premium (if any) or interest on any Securities because of the
reinstatement of its obligations, the Issuer shall be subrogated to the rights of the Holders of
such Securities to receive such payment from the money or Government Obligations held by the
Trustee or the Paying Agent.

ARTICLE IX.

AMENDMENTS AND WAIVERS

     Section 9.1. Without Consent of Holders.

          Without the consent of any Holder of Securities of a Series, the Issuer and the Trustee may
amend or supplement this Indenture or the Series of Securities in the following circumstances:

               (1) to cure any ambiguity, omission, defect or
inconsistency;

37

 

               (2) to provide for the assumption of the Issuer’s obligations under this
Indenture by a successor upon any merger, consolidation or transfer of substantially
all of the assets of the Issuer;

               (3) to provide for uncertificated Securities in addition to or in place of
Certificated Securities;

               (4) to provide any security for or guarantees of its Securities or for the
addition of an additional obligor on its Securities;

               (5) to comply with any requirement to effect or maintain the qualification of
this Indenture under the Trust Indenture Act of 1939, as amended, if applicable;

               (6) to add covenants that would benefit the Holders of its Securities or to
surrender any rights the Issuer has under this Indenture;

               (7) to change or eliminate any of the provisions of this Indenture, provided
that any such change or elimination shall not become effective with respect to any
outstanding Securities of any Series created prior to the execution of such
supplemental indenture which is entitled to the benefit of such provision;

               (8) to provide for the issuance of and establish forms and terms and conditions
of a new Series of Securities;

               (9) to permit or facilitate the defeasance and discharge of the Securities;

               (10) to issue additional Securities of any Series, provided that such
additional Securities have the same terms as, and be deemed part of the same Series
as, the applicable Series of Securities to the extent required under this Indenture;

               (11) to evidence and provide for the acceptance of and appointment by a
successor trustee with respect to the Securities of one or more Series and to add to
or change any of the provisions of this Indenture as shall be necessary to provide
for or facilitate the administration of the trust by more than one trustee;

               (12) to add additional Events of Default with respect to Securities; and

               (13) to make any change that does not adversely affect any of its outstanding
Securities in any material respect.

     Section 9.2. With Consent of Holders.

          This Indenture or the Securities of a Series may be amended or supplemented, and waivers may
be obtained, with the consent of the Holders of at least a majority in aggregate principal amount
of the then outstanding Securities of such Series voting as a single class

38

 

(including consents
obtained in connection with a tender offer or exchange offer for, or purchase of, such Securities
of a Series), and any existing Default or Event of Default (other than a Default or Event of
Default in the payment of the principal of, premium on, if any or interest, if any, on, such
Securities of a Series, except a payment Default resulting from an acceleration that has been
rescinded) or compliance with any provision of this Indenture or the Securities of such Series may
be waived with the consent of the Holders of a majority in aggregate principal amount of the then
outstanding Securities of such Series voting as a single class (including consents obtained in
connection with a purchase of, or tender offer or exchange offer for, such Securities of a Series).

          The Holders of a majority in principal amount of the outstanding Securities of a Series issued
by the Issuer may waive any existing or past Default or Event of Default with respect to those
Securities. Those Holders may not, however, waive any Default or Event of Default in any payment
on any Security.

          For the avoidance of doubt, any amendment, supplement or waiver to any Series of Securities
made with the consent of Holders of such Series of Securities, shall be made with respect to that
Series of Securities only, and not any other Series of Securities.

     Section 9.3. Limitations.

          Without the consent of each Holder of Securities of a Series affected thereby, an amendment,
supplement or waiver may not (with respect to any Securities of such Series held by a
non-consenting Holder):

     (1) reduce the amount of the Securities of such Series whose Holders must
consent to an amendment, supplement or waiver;

     (2) reduce the rate of or change the time for payment of interest on the
Securities of such Series;

     (3) reduce the principal of the Securities of such Series or change the Stated
Maturity of the Securities of such Series;

     (4) reduce any premium payable on the redemption of the Securities of such
Series or change the time at which the Securities of such Series may or must be
redeemed;

     (5) make payments on the Security of such Series payable in currency other than
as originally stated in such Security;

     (6) impair the Holder’s right to institute suit for the enforcement of any
payment on the Security of such Series;

     (7) make any change in the percentage of principal amount of the Securities of
such Series necessary to waive compliance with Sections 6.7 and 6.13 of this
Indenture or to make any change in this Section 9.3(7); or

39

 

     (8) waive a continuing Default or Event of Default regarding any payment on
Securities of such Series.

          In the event that consent is obtained from some of the Holders but not from all of the Holders
with respect to any amendments or waivers pursuant to clauses (1) through (8) of this Section 9.3,
new Securities of such Series with such amendments or waivers will be issued to those consenting
Holders. Such new Securities shall have separate CUSIP numbers and ISINs from those Securities of
such Series held by non-consenting Holders.

     Section 9.4. Form of Amendments.

          Every amendment to this Indenture or the Securities of one or more Series shall be set forth
in a supplemental indenture.

     Section 9.5. Revocation and Effect of Consents.

          Until an amendment is set forth in a supplemental indenture or a waiver becomes effective, a
consent to it by a Holder of a Security is a continuing consent by the Holder and every subsequent
Holder of a Security or portion of a Security that evidences the same debt as the consenting
Holder’s Security, even if notation of the consent is not made on any Security. However, any such
Holder or subsequent Holder may revoke the consent as to his Security or portion of a Security if
the Trustee receives the written notice of revocation before the date of the supplemental indenture
or the date the waiver becomes effective.

          Any amendment or waiver once effective shall bind every Securityholder of each Series affected
by such amendment or waiver unless it is of the type described in any of clauses (1) through (8) of
Section 9.3. In that case, the amendment or waiver shall bind each Holder of a Security who has
consented to it and every subsequent Holder of a Security or portion of a Security that evidences
the same debt as the consenting Holder’s Security.

     Section 9.6. Notation on or Exchange of Securities.

          The Trustee may place an appropriate notation about an amendment or waiver on any Security of
any Series thereafter authenticated. The Issuer, in exchange for its Securities of that Series,
may issue and the Trustee shall authenticate upon request new Securities of that Series that
reflect the amendment or waiver.

     Section 9.7. Trustee Protected.

          In executing, or accepting the additional trusts created by, any supplemental indenture
permitted by this Article IX or the modifications thereby of the trusts created by this Indenture,
the Trustee shall be entitled to receive, and (subject to Section 7.1) 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 supplemental indentures which affect the Trustee’s own rights, duties, immunities, or
indemnities under this Indenture, the Securities or otherwise.

40

 

ARTICLE X.

MISCELLANEOUS

     Section 10.1. Notices.

          Any request, direction, instruction, demand, document, notice or communication by the Issuer
or the Trustee to the other, or by a Holder to the Issuer or the Trustee, shall be in English and
in writing and delivered in person, mailed by first-class mail, delivered via facsimile or
delivered by overnight courier as follows:

if to the Issuer:

CoStar Group, Inc.

1331 L Street, NW

Washington, DC 20005

Fax: [                  
            ]

Attention: General Counsel

in either case, with a copy to:

Gibson, Dunn & Crutcher LLP

200 Park Avenue

New York, New York 10166

Fax: (212) 351-4035

Attention: Andrew L. Fabens

if to the Trustee:

[                                        ]

          Notices shall be effective upon the recipient’s actual receipt thereof. Any party by notice
to the other parties may designate additional or different addresses for subsequent notices or
communications.

          Any notice or communication to (i) a Securityholder of a Certificated Security shall be mailed
by first-class mail to his address shown on the register kept by the Registrar (ii) a
Securityholder of a Global Security shall be delivered to the Depositary in accordance with
its applicable procedures. Failure to mail a notice or communication to a Securityholder of any
Series or any defect in it shall not affect its sufficiency with respect to other Securityholders
of that or any other Series.

          If a notice or communication to any Securityholder is mailed or published in the manner
provided above, within the time prescribed, it is duly given, whether or not the Securityholder
receives it.

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          If the Issuer mails a notice or communication to Securityholders, it shall mail a copy to the
Trustee and each Agent at the same time.

          With respect to this Indenture, the Trustee shall not have any duty or obligation to verify or
confirm that the Person sending instructions, directions, reports, notices or other communications
or information by electronic transmission is, in fact, a Person authorized to give such
instructions, directions, reports, notices or other communications or information on behalf of the
party purporting to send such electronic transmission; and the Trustee shall not have any liability
for any losses, liabilities, costs or expenses incurred or sustained by any party as a result of
such reliance upon or compliance with such instructions, directions, reports, notices or other
communications or information. Each other party agrees to assume all risks arising out of the use
of electronic methods to submit instructions, directions, reports, notices or other communications
or information to the Trustee, including the risk of the Trustee acting on unauthorized
instructions, notices, reports or other communications or information, and the risk of interception
and misuse by third parties.

     Section 10.2. Communication by Holders with Other Holders.

          Securityholders of a Series may communicate pursuant to TIA § 312(b), as if such section
applied hereto, with other Securityholders of such Series with respect to their rights under this
Indenture or the Securities.

     Section 10.3. Certificate and Opinion as to Conditions Precedent.

          Upon any request or application by the Issuer to the Trustee to take any action under this
Indenture, the Issuer shall furnish to the Trustee:

	 	1.	 	an Officer’s Certificate stating that, in
the opinion of the signer, all conditions precedent, if any,
provided for in this Indenture relating to the proposed action have
been complied with; and
	 
	 	2.	 	an Opinion of Counsel stating that, in
the opinion of such counsel, all such conditions precedent have been
complied with.

     Section 10.4. Statements Required in Certificate or Opinion.

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

	 	1.	 	a statement that the Person making such
certificate or opinion has read such covenant or condition;
	 
	 	2.	 	a brief statement as to the nature and
scope of the examination or investigation upon which the statements
or opinions contained in such certificate or opinion are based;
	 
	 	3.	 	a statement that, in the opinion of such
Person, he has made such examination or investigation as is
necessary to enable him to

42

 

	 	 	 	express an informed opinion as to whether
or not such covenant or condition has been complied with; and
	 
	 	4.	 	a statement as to whether or not, in the
opinion of such Person, such condition or covenant has been complied
with.

     Section 10.5. Rules by Trustee and Agents.

          The Trustee may make reasonable rules for action by or a meeting of Securityholders of one or
more Series. Any Agent may make reasonable rules and set reasonable requirements for its
functions.

     Section 10.6. Legal Holidays.

          Unless otherwise provided by Board Resolution, Officer’s Certificate or supplemental indenture
for a particular Series, a “Legal Holiday” is any day that is not a Business Day. If a payment
date is a Legal Holiday at a place of payment, payment may be made at that place on the next
succeeding day that is not a Legal Holiday, and no interest shall accrue for the intervening
period.

     Section 10.7. No Personal Liability of Directors, Officers, Employees and Certain
Others.

          No director, officer, employee, incorporator or similar founder, stockholder or member of the
Issuer will have any liability for or any obligations of the Issuer under this Indenture or the
Securities or for any claim based on, with respect to or by reason of, such obligations or their
creation. Each Holder of Securities by accepting a Security waives and releases all such
liability. The waiver and release are part of the consideration for issuance of the Securities.
The waiver may not be effective to waive liabilities under the federal securities laws.

     Section 10.8. Counterparts.

          This Indenture may be executed in any number of counterparts and by the parties hereto in
separate counterparts, each of which when so executed shall be deemed to be an
original and all of which taken together shall constitute one and the same agreement.
Delivery of an executed counterpart of this Indenture by facsimile or electronic transmission shall
be equally as effective as delivery of an original executed counterpart of this Indenture. Any
party delivering an executed counterpart of this Indenture by facsimile or electronic transmission
also shall deliver an original executed counterpart of this Indenture, but the failure to deliver
an original executed counterpart shall not affect the validity, enforceability and binding effect
of this Indenture.

     Section 10.9. Governing Laws.

          THIS INDENTURE AND THE SECURITIES, INCLUDING ANY CLAIM OR CONTROVERSY ARISING OUT OF OR
RELATING TO THIS INDENTURE OR THE SECURITIES, SHALL BE GOVERNED BY THE LAWS OF THE STATE OF NEW
YORK WITHOUT REGARD TO CONFLICT OF LAW PRINCIPLES THAT WOULD

43

 

RESULT IN THE APPLICATION OF ANY LAW
OTHER THAN THE LAW OF THE STATE OF NEW YORK.

     Section 10.10. No Adverse Interpretation of Other Agreements.

          This Indenture may not be used to interpret another indenture, loan or debt agreement of the
Issuer or any Subsidiary of the Issuer. Any such indenture, loan or debt agreement may not be used
to interpret this Indenture.

     Section 10.11. Successors.

          All agreements of the Issuer in this Indenture and the Securities shall bind their respective
successors. All agreements of the Trustee in this Indenture shall bind its successor.

     Section 10.12. Severability.

          In case any provision in this Indenture or in the Securities shall be invalid, illegal or
unenforceable, the validity, legality and enforceability of the remaining provisions shall not in
any way be affected or impaired thereby.

     Section 10.13. Table of Contents, Headings, Etc.

          The Table of Contents, Cross Reference Table, and headings of the Articles and Sections of
this Indenture have been inserted for convenience of reference only, are not to be considered a
part hereof, and shall in no way modify or restrict any of the terms or provisions hereof.

     Section 10.14. Judgment Currency.

          The Issuer agrees, to the fullest extent that it may effectively do so under applicable law,
that (a) if for the purpose of obtaining judgment in any court it is necessary to convert the sum
due with respect to the principal of or interest or other amount on the Securities of any Series
(the “Required Currency”) into a currency in which a judgment will be rendered (the “Judgment
Currency”), the rate of exchange used shall be the rate at which in accordance
with normal banking procedures the recipient could purchase in The City of New York the
Required Currency with the Judgment Currency on the day on which final unappealable judgment is
entered, unless such day is not a New York Banking Day, then the rate of exchange used shall be the
rate at which in accordance with normal banking procedures the recipient could purchase in The City
of New York the Required Currency with the Judgment Currency on the New York Banking Day preceding
the day on which final unappealable judgment is entered and (b) its obligations under this
Indenture to make payments in the Required Currency (i) shall not be discharged or satisfied by any
tender, any recovery pursuant to any judgment (whether or not entered in accordance with clause
(a)), in any currency other than the Required Currency, except to the extent that such tender or
recovery shall result in the actual receipt, by the payee, of the full amount of the Required
Currency expressed to be payable with respect to such payments, (ii) shall be enforceable as an
alternative or additional cause of action for the purpose of recovering in the Required Currency
the amount, if any, by which such actual receipt shall fall short of the full amount of the
Required Currency so expressed to be payable, and (iii) shall not be affected

44

 

by judgment being
obtained for any other sum due under this Indenture. For purposes of the foregoing, “New York
Banking Day” means any day except a Saturday, Sunday or a Legal Holiday in The City of New York on
which banking institutions are authorized or required by law, regulation or executive order to
close.

     Section 10.15. English Language.

          This Indenture has been negotiated and executed in the English language. All certificates,
reports, notices and other documents and communications delivered or delivered pursuant to this
Indenture (including any modifications or supplements hereto), shall be in the English language, or
accompanied by a certified English translation thereof. In the case of any document originally
issued in a language other than English, the English language version of any such document shall
for purposes of this Indenture, and absent manifest error, control the meaning of the matters set
out therein.

     Section 10.16. Submission to Jurisdiction; Appointment of Agent.

          Any suit, action or proceeding against the Issuer or any of its properties, assets or revenues
with respect to this Indenture or the Securities (a “Related Proceeding”) may be brought in any
state or Federal court in the Borough of Manhattan in The City of New York, New York, as the Person
bringing such Related Proceeding may elect in its sole discretion. The Issuer hereby consents to
the non-exclusive jurisdiction of each such court for the purpose of any Related Proceeding and has
irrevocably waived any objection to the laying of venue of any Related Proceeding brought in any
such court and to the fullest extent it may effectively do so and the defense of an inconvenient
forum to the maintenance of any Related Proceeding or any such suit, action or proceeding in any
such court. The Issuer hereby agrees that service of all writs, claims, process and summonses in
any Related Proceeding brought against it in the State of New York may be made upon [CT Corporation
System, 111 Eighth Avenue, New York, New York 10011 (and any successor entity) (the “Process
Agent”)]. The Issuer irrevocably appoints the Process Agent as its agent and true and lawful
attorney in fact in its name, place and stead to accept such service of any and all such writs,
claims, process and summonses, and hereby agrees that the failure of the Process Agent to give any
notice to it of any such service of process shall not impair or affect the validity of such service
or of any judgment based thereon. The Issuer
hereby agrees to have an office or to maintain at all times an agent with offices in the
United States of America to act as Process Agent. Nothing in this Indenture shall in any way be
deemed to limit the ability to serve any such writs, process or summonses in any other manner
permitted by applicable law.

     Section 10.17. Waiver of Immunity.

          To the extent that the Issuer has or hereafter may acquire any immunity from jurisdiction of
any court or from any legal process (whether through service of notice, attachment prior to
judgment, attachment in aid of execution or execution, on the ground of sovereignty or otherwise)
with respect to itself or its property, each hereby irrevocably waives, to the fullest extent
permitted by applicable law, such immunity with respect to its obligations under this Indenture or
the Securities.

45

 

     Section 10.18. Waiver of Jury Trial.

          EACH OF THE ISSUER AND THE TRUSTEE HERETO HEREBY IRREVOCABLY WAIVE ALL RIGHTS TO TRIAL BY JURY
IN ANY ACTION, PROCEEDING OR COUNTERCLAIM (WHETHER BASED ON CONTRACT, TORT OR OTHERWISE) ARISING
OUT OF OR RELATING TO THIS INDENTURE, THE SECURITIES, OR THE TRANSACTIONS CONTEMPLATED HEREBY OR
THEREBY.

[Signature page follows.]

46

 

     IN WITNESS WHEREOF, the parties hereto have caused this Indenture to be duly executed as of
the day and year first above written.

	 	 	 	 	 
	 	COSTAR GROUP, INC.

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 

[Base Indenture — Debt Securities]

 

 

	 	 	 	 	 
	 	[TRUSTEE]

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 

[Base Indenture — Debt Securities]

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