Document:

exv4w1

Exhibit 4.1

 

EXECUTION VERSION

THE SCOTTS MIRACLE-GRO COMPANY, as Issuer

and

THE GUARANTORS FROM TIME TO TIME PARTY HERETO

and

U.S. BANK NATIONAL ASSOCIATION, as Trustee

 

Indenture

 

Dated as of January 14, 2010

 

 

 

Table of Contents

	 	 	 	 	 	 	 
	 	 	 	 	Page
	 
	 	ARTICLE ONE	 	 	 	 
	 
	 	 	 	 	 	 
	 
	 	DEFINITIONS AND OTHER PROVISIONS	 	 	 	 
	 
	 	OF GENERAL APPLICATION	 	 	 	 
	 
	 	 	 	 	 	 
	Section 1.01.
	 	Definitions	 	 	1	 
	Section 1.02.
	 	Compliance Certificates and Opinions	 	 	9	 
	Section 1.03.
	 	Form of Documents Delivered to Trustee	 	 	9	 
	Section 1.04.
	 	Notices, etc., to Trustee and Company	 	 	10	 
	Section 1.05.
	 	Notice to Holders; Waiver	 	 	10	 
	Section 1.06.
	 	Conflict with Trust Indenture Act	 	 	11	 
	Section 1.07.
	 	Effect of Headings and Table of Contents	 	 	11	 
	Section 1.08.
	 	Successors and Assigns	 	 	11	 
	Section 1.09.
	 	Separability Clause	 	 	11	 
	Section 1.10.
	 	Benefits of Indenture	 	 	11	 
	Section 1.11.
	 	Governing Law	 	 	11	 
	Section 1.12.
	 	Legal Holidays	 	 	11	 
	Section 1.13.
	 	No Security Interest Created	 	 	12	 
	Section 1.14.
	 	Liability Solely Corporate	 	 	12	 
	 
	 
	 	ARTICLE TWO	 	 	 	 
	 
	 	 	 	 	 	 
	 
	 	DEBT SECURITY FORMS	 	 	 	 
	 
	 	 	 	 	 	 
	Section 2.01.
	 	Forms Generally	 	 	12	 
	Section 2.02.
	 	Form of Trustee’s Certificate of Authentication	 	 	13	 
	Section 2.03.
	 	Securities in Global Form	 	 	13	 
	 
	 	 	 	 	 	 
	 
	 	ARTICLE THREE	 	 	 	 
	 
	 	 	 	 	 	 
	 
	 	THE DEBT SECURITIES	 	 	 	 
	 
	 	 	 	 	 	 
	Section 3.01.
	 	Amount Unlimited; Issuable in Series	 	 	13	 
	Section 3.02.
	 	Denominations	 	 	17	 
	Section 3.03.
	 	Execution, Authentication, Delivery and Dating	 	 	17	 
	Section 3.04.
	 	Temporary Debt Securities; Global Notes Representing Registered Securities	 	 	18	 
	Section 3.05.
	 	Registration, Transfer and Exchange	 	 	20	 
	Section 3.06.
	 	Mutilated, Destroyed, Lost and Stolen Debt Securities	 	 	21	 
	Section 3.07.
	 	Payment of Interest; Interest Rights Preserved	 	 	22	 
	Section 3.08.
	 	Cancellation	 	 	23	 
	Section 3.09.
	 	Computation of Interest	 	 	23	 
	Section 3.10.
	 	Currency of Payments in Respect of Debt Securities	 	 	23	 
	Section 3.11.
	 	Judgments	 	 	26	 
	Section 3.12.
	 	Exchange Upon Default	 	 	26	 
	Section 3.13.
	 	CUSIP and ISIN Numbers	 	 	27	 

-i-

 

	 	 	 	 	 	 	 
	 	 	 	 	Page
	 
	 	ARTICLE FOUR	 	 	 	 
	 
	 	 	 	 	 	 
	 
	 	SATISFACTION AND DISCHARGE	 	 	 	 
	 
	 	 	 	 	 	 
	Section 4.01.
	 	Satisfaction and Discharge of Indenture	 	 	27	 
	Section 4.02.
	 	Application of Trust Money	 	 	28	 
	 
	 	 	 	 	 	 
	 
	 	ARTICLE FIVE	 	 	 	 
	 
	 	 	 	 	 	 
	 
	 	REMEDIES	 	 	 	 
	 
	 	 	 	 	 	 
	Section 5.01.
	 	Events of Default	 	 	28	 
	Section 5.02.
	 	Acceleration of Maturity; Rescission and Annulment	 	 	30	 
	Section 5.03.
	 	Collection of Indebtedness and Suits for Enforcement by Trustee	 	 	30	 
	Section 5.04.
	 	Trustee May File Proofs of Claim	 	 	31	 
	Section 5.05.
	 	Trustee May Enforce Claims Without Possession of Debt Securities	 	 	32	 
	Section 5.06.
	 	Application of Money Collected	 	 	32	 
	Section 5.07.
	 	Limitation on Suits	 	 	32	 
	Section 5.08.
	 	Unconditional Right of Holders to Receive Principal, Premium and Interest	 	 	33	 
	Section 5.09.
	 	Restoration of Rights and Remedies	 	 	33	 
	Section 5.10.
	 	Rights and Remedies Cumulative	 	 	33	 
	Section 5.11.
	 	Delay or Omission Not Waiver	 	 	34	 
	Section 5.12.
	 	Control by Holders	 	 	34	 
	Section 5.13.
	 	Waiver of Past Defaults or Events of Default	 	 	34	 
	Section 5.14.
	 	Undertaking for Costs	 	 	34	 
	Section 5.15.
	 	Waiver of Stay or Extension Laws	 	 	35	 
	 
	 	 	 	 	 	 
	 
	 	ARTICLE SIX	 	 	 	 
	 
	 	 	 	 	 	 
	 
	 	THE TRUSTEE	 	 	 	 
	 
	 	 	 	 	 	 
	Section 6.01.
	 	Certain Duties and Responsibilities	 	 	35	 
	Section 6.02.
	 	Notice of Defaults	 	 	36	 
	Section 6.03.
	 	Certain Rights of Trustee	 	 	36	 
	Section 6.04.
	 	Not Responsible for Recitals or Issuance of Debt Securities	 	 	37	 
	Section 6.05.
	 	May Hold Debt Securities	 	 	38	 
	Section 6.06.
	 	Money Held in Trust	 	 	38	 
	Section 6.07.
	 	Compensation and Reimbursement	 	 	38	 
	Section 6.08.
	 	Qualification; Conflicting Interests	 	 	38	 
	Section 6.09.
	 	Corporate Trustee Required; Eligibility	 	 	39	 
	Section 6.10.
	 	Resignation and Removal; Appointment of Successor	 	 	39	 
	Section 6.11.
	 	Acceptance of Appointment by Successor	 	 	40	 
	Section 6.12.
	 	Merger, Conversion, Consolidation or Succession to Business	 	 	41	 
	Section 6.13.
	 	Preferential Collection of Claims Against Company	 	 	41	 
	Section 6.14.
	 	Appointment of Authenticating Agent	 	 	41	 

-ii-

 

	 	 	 	 	 	 	 
	 	 	 	 	Page
	 
	 	ARTICLE SEVEN	 	 	 	 
	 
	 	 	 	 	 	 
	 
	 	HOLDERS’ LISTS AND REPORTS BY TRUSTEE AND COMPANY	 	 	 	 
	 
	 	 	 	 	 	 
	Section 7.01.
	 	Company to Furnish Trustee Names and Addresses of Holders	 	 	43	 
	Section 7.02.
	 	Preservation of Information; Communication to Holders	 	 	43	 
	Section 7.03.
	 	Reports by Trustee	 	 	44	 
	Section 7.04.
	 	Reports by Company	 	 	46	 
	 
	 	 	 	 	 	 
	 
	 	ARTICLE EIGHT	 	 	 	 
	 
	 	 	 	 	 	 
	 
	 	CONCERNING THE HOLDERS	 	 	 	 
	 
	 	 	 	 	 	 
	Section 8.01.
	 	Acts of Holders	 	 	47	 
	Section 8.02.
	 	Proof of Ownership; Proof of Execution of Instruments by Holder	 	 	47	 
	Section 8.03.
	 	Persons Deemed Owners	 	 	47	 
	Section 8.04.
	 	Revocation of Consents; Future Holders Bound	 	 	48	 
	 
	 	 	 	 	 	 
	 
	 	ARTICLE NINE	 	 	 	 
	 
	 	 	 	 	 	 
	 
	 	HOLDERS’ MEETINGS	 	 	 	 
	 
	 	 	 	 	 	 
	Section 9.01.
	 	Purposes of Meetings	 	 	48	 
	Section 9.02.
	 	Call of Meetings by Trustee	 	 	48	 
	Section 9.03.
	 	Call of Meetings by Company or Holders	 	 	49	 
	Section 9.04.
	 	Qualifications for Voting	 	 	49	 
	Section 9.05.
	 	Regulations	 	 	49	 
	Section 9.06.
	 	Voting	 	 	49	 
	Section 9.07.
	 	No Delay of Rights by Meeting	 	 	50	 
	 
	 	 	 	 	 	 
	 
	 	ARTICLE TEN	 	 	 	 
	 
	 	 	 	 	 	 
	 
	 	CONSOLIDATION, MERGER, CONVEYANCE, TRANSFER OR LEASE	 	 	 	 
	 
	 	 	 	 	 	 
	Section 10.01.
	 	Company May Consolidate, etc., Only on Certain Terms	 	 	50	 
	Section 10.02.
	 	Successor Corporation Substituted	 	 	51	 
	 
	 	 	 	 	 	 
	 
	 	ARTICLE ELEVEN	 	 	 	 
	 
	 	 	 	 	 	 
	 
	 	SUPPLEMENTAL INDENTURES	 	 	 	 
	 
	 	 	 	 	 	 
	Section 11.01.
	 	Supplemental Indentures Without Consent of Holders	 	 	51	 
	Section 11.02.
	 	Supplemental Indentures With Consent of Holders	 	 	52	 
	Section 11.03.
	 	Execution of Supplemental Indentures	 	 	53	 
	Section 11.04.
	 	Effect of Supplemental Indentures	 	 	53	 
	Section 11.05.
	 	Conformity with Trust Indenture Act	 	 	53	 
	Section 11.06.
	 	Reference in Debt Securities to Supplemental Indentures	 	 	53	 
	Section 11.07.
	 	Notice of Supplemental Indenture	 	 	53	 

-iii-

 

	 	 	 	 	 	 	 
	 	 	 	 	Page
	 
	 	ARTICLE TWELVE	 	 	 	 
	 
	 	 	 	 	 	 
	 
	 	COVENANTS	 	 	 	 
	 
	 	 	 	 	 	 
	Section 12.01.
	 	Payment of Principal, Premium and Interest	 	 	54	 
	Section 12.02.
	 	Officer’s Certificate as to Default	 	 	54	 
	Section 12.03.
	 	Maintenance of Office or Agency	 	 	54	 
	Section 12.04.
	 	Money for Debt Securities; Payments To Be Held in Trust	 	 	55	 
	Section 12.05.
	 	Corporate Existence	 	 	56	 
	 
	 
	 	ARTICLE THIRTEEN	 	 	 	 
	 
	 	 	 	 	 	 
	 
	 	REDEMPTION OF DEBT SECURITIES	 	 	 	 
	 
	 	 	 	 	 	 
	Section 13.01.
	 	Applicability of Article	 	 	56	 
	Section 13.02.
	 	Election to Redeem; Notice to Trustee	 	 	56	 
	Section 13.03.
	 	Selection by Trustee of Debt Securities to Be Redeemed	 	 	56	 
	Section 13.04.
	 	Notice of Redemption	 	 	57	 
	Section 13.05.
	 	Deposit of Redemption Price	 	 	58	 
	Section 13.06.
	 	Debt Securities Payable on Redemption Date	 	 	58	 
	Section 13.07.
	 	Debt Securities Redeemed in Part	 	 	58	 
	 
	 	 	 	 	 	 
	 
	 	ARTICLE FOURTEEN	 	 	 	 
	 
	 	 	 	 	 	 
	 
	 	SINKING FUNDS	 	 	 	 
	 
	 	 	 	 	 	 
	Section 14.01.
	 	Applicability of Article	 	 	58	 
	Section 14.02.
	 	Satisfaction of Mandatory Sinking Fund Payments with Debt Securities	 	 	59	 
	Section 14.03.
	 	Redemption of Debt Securities for Sinking Fund	 	 	59	 
	 
	 	 	 	 	 	 
	 
	 	ARTICLE FIFTEEN	 	 	 	 
	 
	 	 	 	 	 	 
	 
	 	DEFEASANCE	 	 	 	 
	 
	 	 	 	 	 	 
	Section 15.01.
	 	Option to Effect Legal Defeasance or Covenant Defeasance	 	 	60	 
	Section 15.02.
	 	Legal Defeasance and Discharge	 	 	61	 
	Section 15.03.
	 	Covenant Defeasance	 	 	61	 
	Section 15.04.
	 	Conditions to Legal or Covenant Defeasance	 	 	61	 
	Section 15.05.
	 	Deposited Money and U.S. Government Obligations to Be Held in	 	 	63	 
	 
	 	Trust; Other Miscellaneous Provisions	 	 	 	 
	Section 15.06.
	 	Repayment to Company	 	 	63	 
	Section 15.07.
	 	Reinstatement	 	 	64	 
	Section 15.08.
	 	Survival	 	 	64	 
	 
	 	 	 	 	 	 
	 
	 	ARTICLE SIXTEEN	 	 	 	 
	 
	 	 	 	 	 	 
	 
	 	CONVERSION	 	 	 	 
	 
	 	 	 	 	 	 
	Section 16.01.
	 	Applicability; Conversion Privilege	 	 	64	 
	Section 16.02.
	 	Conversion Procedure; Conversion Price; Fractional Shares	 	 	64	 

-iv-

 

	 	 	 	 	 	 	 
	 	 	 	 	Page
	Section 16.03.
	 	Adjustment of Conversion Price for Common Shares	 	 	65	 
	Section 16.04.
	 	Consolidation or Merger of the Company	 	 	68	 
	Section 16.05.
	 	Notice of Adjustment	 	 	68	 
	Section 16.06.
	 	Notice in Certain Events	 	 	69	 
	Section 16.07.
	 	Company to Reserve Shares; Registration; Listing	 	 	69	 
	Section 16.08.
	 	Taxes on Conversion	 	 	70	 
	Section 16.09.
	 	Conversion After Record Date	 	 	70	 
	Section 16.10.
	 	Company Determination Final	 	 	70	 
	Section 16.11.
	 	Trustee’s Disclaimer	 	 	70	 
	 
	 	 	 	 	 	 
	 
	 	ARTICLE SEVENTEEN	 	 	 	 
	 
	 	 	 	 	 	 
	 
	 	GUARANTEE	 	 	 	 
	 
	 	 	 	 	 	 
	Section 17.01.
	 	Unconditional Guarantee	 	 	71	 
	Section 17.02.
	 	Execution and Delivery of Guarantee	 	 	72	 
	Section 17.03.
	 	Limitation on Guarantors’ Liability	 	 	73	 
	Section 17.04.
	 	Release of Guarantors from Guarantee	 	 	73	 
	Section 17.05.
	 	Guarantor Contribution	 	 	73	 

-v-

 

Reconciliation and tie between Trust Indenture Act of 1939 and Indenture

	 	 	 	 	 	 	 
	Trust Indenture Act Section	 	Indenture Section
	Sec. 310

	 	(a)(1)
	 	6.09	 
	 

	 	(a)(2)
	 	6.09	 
	 

	 	(a)(3)
	 	Not Applicable

	 

	 	(a)(4)
	 	Not Applicable

	 

	 	(a)(5)
	 	6.08, 6.09	 
	 

	 	(b)
	 	6.08, 6.10	 
	 

	 	(c)
	 	Not Applicable

	Sec. 311

	 	(a)
	 	6.13(a)
	 

	 	(b)
	 	6.13(b)	
	 

	 	(c)
	 	Not Applicable

	Sec. 312

	 	(a)
	 	7.01, 7.02(a)	
	 

	 	(b)
	 	7.02(b)	
	 

	 	(c)
	 	7.02(c)	 	
	Sec. 313

	 	(a)
	 	7.03(a)	 	
	 

	 	(b)
	 	7.03(b)	 	
	 

	 	(c)
	 	7.03(a), 7.03(c)	 	
	 

	 	(d)
	 	7.03(d)	
	Sec. 314

	 	(a)
	 	7.04, 12.02	 	 
	 

	 	(b)
	 	Not Applicable

	 

	 	(c)(1)
	 	1.02	 	 
	 

	 	(c)(2)
	 	1.02	 	 
	 

	 	(c)(3)
	 	15.04(a), 15.05	 	 
	 

	 	(d)
	 	Not Applicable

	 

	 	(e)
	 	1.02	 	 
	Sec. 315

	 	(a)
	 	6.01(a), 6.01(c)	
	 

	 	(b)
	 	6.02, 7.03(a)(7)	
	 

	 	(c)
	 	6.01(b)	
	 

	 	(d)(1)
	 	6.01(a)	
	 

	 	(d)(2)
	 	6.01(c)(2)	
	 

	 	(d)(3)
	 	6.01(c)(3)	
	 

	 	(e)
	 	5.14	 	 
	Sec. 316

	 	(a)(1)(A)
	 	5.02, 5.12	 	 
	 

	 	(a)(1)(B)
	 	5.13	 	 
	 

	 	(a)(2)
	 	Not Applicable

	 

	 	(b)
	 	5.08	 	 
	 

	 	(c)
	 	Not Applicable

	Sec. 317

	 	(a)(1)
	 	5.03	 	 
	 

	 	(a)(2)
	 	5.04	 	 
	 

	 	(b)
	 	12.04	 	 
	Sec. 318

	 	 	 	1.06	 	 

 

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

 

 

     INDENTURE dated as of January 14, 2010, among THE SCOTTS MIRACLE-GRO COMPANY, an Ohio
corporation (hereinafter called the “Company”), having its principal executive office at 14111
Scottslawn Road, Marysville, Ohio 43041, each of the Guarantors from time to time party hereto in
respect of a particular series of Debt Securities (as defined below) and U.S. BANK NATIONAL
ASSOCIATION (hereinafter called the “Trustee”), having its Corporate Trust Office at 10 West Broad
Street, 12th Floor, Columbus, Ohio 43215.

RECITALS OF THE COMPANY

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

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

     NOW, THEREFORE, THIS INDENTURE WITNESSETH:

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

ARTICLE ONE

DEFINITIONS AND OTHER PROVISIONS

OF GENERAL APPLICATION

     Section 1.01. Definitions.

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

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

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

     (3) all accounting terms not otherwise defined herein have the meanings assigned to
them in accordance with generally accepted accounting principles or as provided with respect
to any series of Debt Securities, and, except as otherwise herein provided or as provided
with respect to any series of Debt Securities, the term “generally accepted accounting
principles” or “GAAP” with respect to any computation required or permitted hereunder with
respect to any series of Debt Securities, shall mean such as 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 of the United States which are in effect as
of the issuance date of such series of Debt Securities; and

 

 

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

     Certain terms, used principally in Article Three or Article Six, are defined in those
respective Articles.

     “Act” when used with respect to any Holder, has the meaning specified in Section 8.01.

     “Affiliate” of any specified Person means any other Person directly or indirectly controlling
or controlled by or under direct or indirect common control with such specified Person. For the
purposes of this definition, “control,” as used with respect to any Person, means 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, by agreement or otherwise. For
the purposes of this definition, the terms “controlling,” “controlled by,” and “under common
control with” shall have correlative meanings.

     “Authenticating Agent” has the meaning specified in Section 6.14.

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

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

     “Business Day” means a day other than a Saturday, Sunday or other day on which banking
institutions in New York are authorized or required by law 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 or
membership interests (whether general or limited); and

     (4) any other ownership interest 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.

     “Closing Price” of the Common Shares shall mean the last reported sale price of such shares
(regular way) as shown on the Composite Tape of the New York Stock Exchange (or, if such shares are
not listed or admitted to trading on the New York Stock Exchange, on the principal national
securities exchange on which such shares are listed or admitted to trading), or, in case no such
sale takes place on such day, the average of the closing bid and asked prices on the New York Stock
Exchange (or, if such shares are not listed or admitted to trading on the New York Stock Exchange,
on the principal national securities exchange on which such shares are listed or admitted to
trading), or, if it is not listed or admitted to trading on any national securities exchange, the
average of the closing bid and asked prices as reported by The NASDAQ Stock Market, or if such
shares are not so reported, the average of the closing

-2-

 

bid and asked prices as furnished by any
member of the Financial Industry Regulatory Authority, Inc., selected from time to time by the
Company for that purpose.

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

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

     “Common Shares” shall mean the Common Shares, without par value, of the Company authorized at
the date of this Indenture as originally signed, or any other class of stock resulting from
successive changes or reclassifications of such Common Shares, and in any such case including any
shares thereof authorized after the date of this Indenture.

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

     “Company Request” and “Company Order” mean, respectively, a written request or order signed in
the name of the Company by the Chairman of the Board, Chief Executive Officer, the President, the
Chief Financial Officer or a Vice President and by the Treasurer, an Assistant Treasurer, the
Controller, an Assistant Controller, the Secretary or an Assistant Secretary of the Company, and
delivered to the Trustee.

     “Component Currency” has the meaning specified in Section 3.10(h).

     “Conversion Agent” means any Person authorized by the Company to receive Debt Securities to be
converted into Common Shares on behalf of the Company. The Company initially authorizes the
Trustee to act as Conversion Agent for the Debt Securities on its behalf. The Company may at any
time from time to time authorize one or more Persons to act as Conversion Agent in addition to or
in place of the Trustee with respect to any series of Debt Securities issued under this Indenture.

     “Conversion Date” has the meaning specified in Section 3.10(d).

     “Conversion Event” means the cessation of (i) a Foreign Currency to be used both by the
government of the country which issued such Currency and for the settlement of transactions by
public institutions of or within the international banking community or (ii) any Currency unit to
be used for the purposes for which it was established.

     “Conversion Price” means, with respect to any series of Debt Securities which are convertible
into Common Shares, the price per share of Common Shares at which the Debt Securities of such
series are so convertible pursuant to Section 3.01 with respect to such series, as the same may be
adjusted from time to time in accordance with Section 16.03.

     “Corporate Trust Office” means the principal corporate trust office of the Trustee at which at
any particular time its corporate trust business shall be administered, which office at the date of
execution of this instrument is located at U.S. Bank National Association, Attention: Corporate
Trust Services, 10 West Broad Street, 12th Floor, Columbus, Ohio 43215.

     “Currency” means Dollars or Foreign Currency.

-3-

 

     “Currency Determination Agent” means the agent, if any, from time to time selected by the
Trustee for purposes of Section 3.10; provided that such agent shall accept such
appointment in writing and the terms of such appointment shall be acceptable to the Company and
shall, in the opinion of the Company and the Trustee at the time of such appointment, require such
agent to make the determinations required by this Indenture by a method consistent with the method
provided in this Indenture for the making of such decision or determination.

     “Current Market Price” on any date shall mean the average of the daily Closing Prices per
share of Common Shares for any thirty (30) consecutive Trading Days selected by the Company prior
to the date in question, which thirty (30) consecutive Trading Day period shall not commence more
than forty-five (45) Trading Days prior to the day in question; provided that with respect
to Section 16.03(3), the “Current Market Price” of the Common Shares shall mean the average of the
daily Closing Prices per share of Common Shares for the five (5) consecutive Trading Days ending on
the date of the distribution referred to in Section 16.03(3) (or if such date shall not be a
Trading Day, on the Trading Day immediately preceding such date).

     “Debt Securities” has the meaning stated in the first recital of this Indenture and more
particularly means any Debt Securities (including any Global Notes) authenticated and delivered
under this Indenture.

     “Default” means any event that is, or with the passage of time or the giving of notice or both
would be, an Event of Default.

     “Defaulted Interest” has the meaning specified in Section 3.07.

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

     “Discount Security” means any Debt Security which is issued with “original issue discount”
within the meaning of Section 1273(a) of the Code (or any successor provision) and the regulations
thereunder.

     “Dollar” or “$” means a dollar or other equivalent unit in such coin or currency of the United
States as at the time of payment is legal tender for the payment of public and private debts.

     “Dollar Equivalent of the Currency Unit” has the meaning specified in Section 3.10(g).

     “Dollar Equivalent of the Foreign Currency” has the meaning specified in Section 3.10(f).

     “Election Date” has the meaning specified in Section 3.10(h).

     “Event of Default” has the meaning specified in Section 5.01.

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

     “Exchange Rate Officer’s Certificate” means a telex or a certificate setting forth (i) the
applicable Market Exchange Rate and (ii) the Dollar, Foreign Currency or Currency unit amounts of
principal,

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premium, if any, and any interest respectively (on an aggregate basis and on the basis
of a Debt Security having the lowest denomination principal amount determined in accordance with
Section 3.02 in the relevant Currency or Currency unit), payable on the basis of such Market
Exchange Rate sent (in the case of a telex) or signed (in the case of a certificate) by the
Treasurer or any Assistant Treasurer of the Company.

     “Fixed Rate Security” means a Debt Security which provides for the payment of interest at a
fixed rate.

     “Floating Rate Security” means a Debt Security which provides for the payment of interest at a
variable rate determined periodically by reference to an interest rate index or any other index
specified pursuant to Section 3.01.

     “Foreign Currency” means any coin, currency, currency unit or composite currency, including,
without limitation, the euro, issued by the government of one or more countries other than the
United States, or by any internationally recognized union, confederation or association of such
governments.

     “Global Note” means with respect to any series of Debt Securities issued hereunder, a Debt
Security (in either temporary or permanent form) which is executed by the Company and authenticated
and delivered by the Trustee to the Depositary or pursuant to the Depositary’s instruction, all in
accordance with this Indenture and any indentures supplemental hereto, or resolution of the Board
of Directors and set forth in an Officer’s Certificate, which shall be registered in the name of
the Depositary or its nominee and which shall represent, and shall be denominated in an amount
equal to the aggregate principal amount of, all the Outstanding Debt Securities of such series or
any portion thereof, in either case having the same terms, including, without limitation, the same
original issue date, date or dates on which principal is due and interest rate or method of
determining interest.

     “Guarantee” means the guarantee of Debt Securities of any applicable series by each Guarantor
thereof under this Indenture.

     “Guarantors” means with respect to any series of Debt Securities, (i) the Company’s
Subsidiaries signatory to the supplemental indenture with respect thereto or specified in the
Officers’ Certificate with respect to such series as the initial Guarantors of such series, and
(ii) each of the Company’s Subsidiaries that becomes a Guarantor of such series of Debt Securities
pursuant to the provisions of this Indenture, in each case, until released from its Guarantee
pursuant to the provisions of this Indenture and the terms of such series of Debt Securities.

     “Holder,” “Holder of Debt Securities” or other similar terms means, with respect to a Debt
Security, the Registered Holder.

     “Indenture” means this instrument as originally executed, or as it may from time to time be
supplemented or amended by one or more indentures supplemental hereto entered into pursuant to the
applicable provisions hereof and, unless the context otherwise requires, shall include the terms of
a particular series of Debt Securities as established pursuant to Section 3.01.

     The term “interest,” when used with respect to a Discount Security which by its terms bears
interest only on a certain date, means interest payable after such date.

     “Interest Payment Date” with respect to any Debt Security means the Stated Maturity of an
installment of interest on such Debt Security.

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     “Market Exchange Rate” means the noon Dollar buying rate in The City of New York for cable
transfers of such currency or currencies as published by the Federal Reserve Bank of New York as of
the most recent available date. If such Market Exchange Rate is not available for any reason with
respect to such currency, the Trustee shall use, in its sole discretion and without liability on
its part, such quotation of the Federal Reserve Bank of New York or, quotations from one or more
major banks in The City of New York or in the country of issue of the currency in question, which
for purposes of the euro shall be any member state of the European Union that has adopted the euro,
as the Trustee shall deem appropriate.

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

     “Officers’ Certificate” means a certificate signed by the Chairman of the Board, Chief
Executive Officer, the President, the Chief Financial Officer or a Vice President, and by the
Treasurer, an Assistant Treasurer, the Controller, an Assistant Controller, the Secretary or an
Assistant Secretary of the Company, and delivered to the Trustee.

     “Opinion of Counsel” means a written opinion from legal counsel, who may be internal counsel
for the Company, or who is otherwise reasonably acceptable to the Trustee, complying with the terms
of this Indenture to the Trustee.

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

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

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

     (iii) Debt Securities which have been paid pursuant to Section 3.06 or in exchange for
or in lieu of which other Debt Securities have been authenticated and delivered pursuant to
this Indenture, other than any such Debt Securities in respect of which there shall have
been presented to the Trustee proof satisfactory to it that such Debt Securities are held by
a bona fide purchaser in whose hands such Debt Securities are valid obligations of the
Company;

provided, however, that in determining whether the Holders of the requisite
principal amount of Debt Securities Outstanding have performed any Act hereunder, Debt Securities
owned by the Company or any other obligor upon the Debt Securities or any Affiliate of the Company
or of such other obligor shall be disregarded and deemed not to be Outstanding (provided,
that in connection with any offer by the Company or any obligor to purchase Debt Securities, Debt
Securities rendered by a Holder shall be Outstanding until the date of purchase), except that, in
determining whether the Trustee shall be protected in relying upon any such Act, only Debt
Securities which the Trustee knows to be so owned shall be so disregarded. Debt Securities so
owned which have been pledged in good faith may be regarded as Outstanding if the pledgee
establishes to the satisfaction of the Trustee the pledgee’s right to act with respect to such

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Debt
Securities and that the pledgee is not the Company or any other obligor upon the Debt Securities or
any Affiliate of the Company or of such other obligor. In determining whether the Holders of the
requisite principal amount of Outstanding Debt Securities have performed any Act hereunder, the
principal amount of a Discount Security that shall be deemed to be Outstanding for such purpose
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 5.02
and the principal amount of a Debt Security denominated in a Foreign Currency that shall be deemed
to be Outstanding for such purpose shall be the amount calculated pursuant to Section 3.10(j).

     “Overdue Rate” when used with respect to any series of the Debt Securities, means the rate
designated as such in or pursuant to the Board Resolution or the supplemental indenture, as the
case may be, relating to such series as contemplated by Section 3.01.

     “Paying Agent” means any Person authorized by the Company to pay the principal of (and
premium, if any) or interest on any Debt Securities on behalf of the Company.

     “Person” means any individual, corporation, limited liability company, partnership, joint
venture, association, joint-stock company, trust, estate, unincorporated organization or government
or any agency or political subdivision thereof or any other entity (including any subdivision or
ongoing business of any such entity or substantially all of the assets of any such entity,
subdivision or business).

     “Place of Payment” when used with respect to the Debt Securities of any series means the place
or places where the principal of (and premium, if any) and interest on the Debt Securities of that
series are payable as specified pursuant to Section 3.01.

     “Predecessor Security” of any particular Debt Security means every previous Debt Security
evidencing all or a portion of the same debt as that evidenced by such particular Debt Security;
and, for the purposes of this definition, any Debt Security authenticated and delivered under
Section 3.06 in lieu of a mutilated, lost, destroyed or stolen Debt Security shall be deemed to
evidence the same debt as the mutilated, lost, destroyed or stolen Debt Security.

     “Redemption Date” when used with respect to any Debt Security to be redeemed, means the date
fixed for redemption by or pursuant to this Indenture, including pursuant to the Board Resolution
or supplemental indenture relating to such Debt Security as contemplated by Section 3.01.

     “Redemption Price” means, in the case of a Discount Security, the amount of the principal
thereof that would be due and payable as of the Redemption Date upon a declaration of acceleration
of the Maturity thereof pursuant to Section 5.02, and in the case of any other Debt Security, the
principal amount thereof, plus, in each case, premium, if any, and accrued and unpaid interest, if
any, to the Redemption Date.

     “Register” and “Registrar” have the respective meanings specified in Section 3.05(a).

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

     “Registered Security” means any Debt Security in the form established pursuant to Section 2.01
which is registered as to principal and interest in the Register.

     “Regular Record Date” for the interest payable on the Registered Securities of any series on
any Interest Payment Date means the date specified for the purpose pursuant to Section 3.01 for
such Interest Payment Date.

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     “Responsible Officer” when used with respect to the Trustee means any vice president, the
secretary, any assistant secretary or any assistant vice president or any other officer of the
Trustee customarily performing functions similar to those performed by any of the above designated
officers and also means, with respect to a particular corporate trust matter, any other officer to
whom such matter is referred because of his knowledge of and familiarity with the particular
subject.

     “Special Record Date” for the payment of any Defaulted Interest means a date fixed by the
Trustee pursuant to Section 3.07.

     “Specified Amount” has the meaning specified in Section 3.10(h).

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

     “Subsidiary” means, with respect to any Person:

     (1) any corporation, association or other business entity (other than a partnership) of
which more than 50% of the total voting power of shares of Capital Stock entitled (without
regard to the occurrence of any contingency) to vote in the election of directors, managers
or trustees thereof is at the time owned or controlled, directly or indirectly, by such
Person or one or more of the other Subsidiaries of that Person (or a combination thereof);
and

     (2) any partnership (a) the sole general partner or the managing general partner of
which is such Person or a Subsidiary of such Person or (b) the only general partners of
which are such Person or one or more Subsidiaries of such Person (or any combination
thereof).

     “Trading Day” shall mean, with respect to the Common Shares, so long as the Common Shares are
listed or admitted to trading on the New York Stock Exchange, a day on which the New York Stock
Exchange is open for the transaction of business, or, if the Common Shares are not listed or
admitted to trading on the New York Stock Exchange, a day on which the principal national
securities exchange on which the Common Shares are listed is open for the transaction of business,
or, if the Common Shares are not so listed or admitted for trading on any national securities
exchange, a day on which NASDAQ is open for the transaction of business.

     “Trust Indenture Act” means the Trust Indenture Act of 1939 as amended and as in force at the
date as of which this instrument was executed, and, to the extent required by law, as amended.

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

     “United States” means the United States of America (including the States and the District of
Columbia), and its possessions, which include Puerto Rico, the U.S. Virgin Islands, Guam, American
Samoa, Wake Island and the Northern Mariana Islands.

     “U.S. Government Obligations” means securities that are (i) direct obligations of the United
States for the payment of which its full faith and credit is pledged, or (ii) obligations of a
Person

-8-

 

 controlled or supervised by and acting as an agency or instrumentality of the United States
the payment of which is unconditionally guaranteed as a full faith and credit obligation by the
United States, which, in either case under clauses (i) or (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 U.S. Government Obligation or a specific
payment of interest on or principal of any such U.S. Government Obligation held by such custodian
for the account of the holder of a depository receipt; provided that (except as required by
law) such custodian is not authorized to make any deduction from the amount payable to the holder
of such depository receipt from any amount received by the custodian in respect of the U.S.
Government Obligation or the specific payment of interest on or principal of the U.S. Government
Obligation evidenced by such depository receipt.

     “Valuation Date” has the meaning specified in Section 3.10(c).

     “Vice President” includes with respect to the Company and the Trustee, any Vice President of
the Company or the Trustee, as the case may be, whether or not designated by a number or word or
words added before or after the title “Vice President.”

     Section 1.02. Compliance Certificates and Opinions.

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

     Every certificate or opinion with respect to compliance with a condition or covenant provided
for in this Indenture (other than certificates provided pursuant to Section 12.02) shall include:

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

     (2) a brief statement as to the nature and scope of the examination or investigation
upon which the statements or opinions contained in such certificate or opinion are based;

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

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

     Section 1.03. Form of Documents Delivered to Trustee.

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

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

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

               Section 1.04. Notices, etc., to Trustee and Company.

     Any Act of Holders or other document provided or permitted by this Indenture to be made upon,
given or furnished to, or filed with,

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

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

     Any such Act or other document shall be in the English language, except that any published
notice may be in an official language of the country of publication.

               Section 1.05. Notice to Holders; Waiver.

     When this Indenture provides for notice to Holders of any event, such notice shall be
sufficiently given to Registered Holders (unless otherwise herein expressly provided) if in writing
and mailed, first-class postage prepaid, to such Registered Holders as their names and addresses
appear in the Register, within the time prescribed; provided, however, that, in any
case, any notice to Holders of Floating Rate Securities regarding the determination of a periodic
rate of interest, if such notice is required pursuant to Section 3.01, shall be sufficiently given
if given in the manner specified pursuant to Section 3.01.

     In the event of suspension of regular mail service or by reason of any other cause it shall be
impracticable to give notice by mail, such notification as shall be given with the approval of the
Trustee shall constitute sufficient notice for every purpose hereunder.

     Where this Indenture provides for notice in any manner, such notice may be waived in writing
by the Person entitled to receive such notice, either before or after the event, and such waiver
shall be the equivalent of such notice. Waivers of notice by Holders shall be filed with the
Trustee, but such filing shall not be a condition precedent to the validity of any action taken in
reliance on such waiver. In any

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case where notice to Holders is given by mail, neither the failure to mail such notice nor any
defect in any notice so mailed to any particular Holder shall affect the sufficiency of such notice
with respect to other Holders, and any notice which is mailed in the manner herein provided shall
be conclusively presumed to have been duly given. In any case where notice to Holders is given by
publication, any defect in any notice so published as to any particular Holder shall not affect the
sufficiency of such notice with respect to other Holders, and any notice which is published in the
manner herein provided shall be conclusively presumed to have been duly given.

               Section 1.06. Conflict with Trust Indenture Act.

     If any provision hereof limits, qualifies or conflicts with the duties imposed on any Person
by the provisions of Sections 310 to 317, inclusive, of the Trust Indenture Act, such imposed
duties shall control.

               Section 1.07. Effect of Headings and Table of Contents.

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

               Section 1.08. Successors and Assigns.

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

               Section 1.09. Separability Clause.

     In case any provision in this Indenture or in the Debt 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 1.10. Benefits of Indenture.

     Nothing in this Indenture or in the Debt Securities, express or implied, shall give to any
Person, other than the parties hereto, any Registrar, any Paying Agent and their successors
hereunder, and the Holders, any benefit or any legal or equitable right, remedy or claim under this
Indenture.

               Section 1.11. Governing Law.

     This Indenture and the Debt Securities shall be governed by and construed in accordance with
the laws of the State of New York.

               Section 1.12. Legal Holidays.

     Unless otherwise specified pursuant to Section 3.01 or in any Debt Security, in any case where
any Interest Payment Date, Redemption Date or Stated Maturity of any Debt Security of any series
shall not be a Business Day at any Place of Payment for the Debt Securities of that series, then
(notwithstanding any other provision of this Indenture or of the Debt Securities) payment of
principal (and premium, if any) or interest need not be made at such Place of Payment on such date,
but may be made on the next succeeding Business Day at such Place of Payment with the same force
and effect as if made on the Interest Payment Date, Redemption Date or at the Stated Maturity, and
no interest shall accrue on the amount

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so payable for the period from and after such Interest Payment Date, Redemption Date or Stated
Maturity, as the case may be, to such Business Day if such payment is made or duly provided for on
such Business Day.

               Section 1.13. No Security Interest Created.

     Nothing in this Indenture or in the Debt Securities, express or implied, shall be construed to
constitute a security interest under the Uniform Commercial Code or similar legislation, as now or
hereafter enacted and in effect in any jurisdiction where property of the Company or its
Subsidiaries is or may be located.

               Section 1.14. Liability Solely Corporate.

     No recourse shall be had for the payment of the principal of (or premium, if any) or the
interest on any Debt Securities, or any part thereof, or of the indebtedness represented thereby,
or upon any obligation, covenant or agreement of this Indenture, against any incorporator, or
against any shareholder, officer or director, as such, past, present or future, of the Company (or
any incorporator, shareholder, officer or director of any predecessor or successor corporation),
either directly or through the Company (or any such predecessor or successor corporation), whether
by virtue of any constitution, statute or rule of law, or by the enforcement of any assessment or
penalty or otherwise; it being expressly agreed and understood that this Indenture and all the Debt
Securities are solely corporate obligations, and that no personal liability whatsoever shall attach
to, or be incurred by, any such incorporator, shareholder, officer or director, past, present or
future, of the Company (or any incorporator, shareholder, officer or director of any such
predecessor or successor corporation), either directly or indirectly through the Company or any
such predecessor or successor corporation, because of the indebtedness hereby authorized or under
or by reason of any of the obligations, covenants, promises or agreements contained in this
Indenture or in any of the Debt Securities or to be implied herefrom or therefrom; and that any
such personal liability is hereby expressly waived and released as a condition of, and as part of
the consideration for, the execution of this Indenture and the issue of Debt Securities;
provided, however, that nothing herein or in the Debt Securities contained shall be
taken to prevent recourse to and the enforcement of the liability, if any, of any shareholder or
subscriber to capital stock upon or in respect of the shares of capital stock not fully paid.

ARTICLE TWO

DEBT SECURITY FORMS

               Section 2.01. Forms Generally.

     The Debt Securities (and any related Guarantees) of each series shall be substantially in one
of the forms (including global form) established in or pursuant to a Board Resolution or one or
more indentures supplemental hereto, and shall have such appropriate insertions, omissions,
substitutions and other variations as are required or permitted by this Indenture, and may have
such letters, numbers or other marks of identification or designation and such legends or
endorsements placed thereon as the Company may deem appropriate and as are not inconsistent with
the provisions of this Indenture, or as may be required to comply with any law or with any rule or
regulation made pursuant thereto or with any rule or regulation of any securities exchange on which
any series of the Debt Securities may be listed, or to conform to usage, all as determined by the
officers executing such Debt Securities as conclusively evidenced by their execution of such Debt
Securities. If the form of a series of Debt Securities (or any Global Note) is established in or
pursuant to a Board Resolution, a copy of such Board Resolution shall be delivered to the Trustee,
together with an Officers’ Certificate setting forth the form of such series, at or prior to the

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delivery of the Company Order contemplated by Section 3.03 for the authentication and delivery
of such Debt Securities (or any such Global Note).

     The definitive Debt Securities (and any related Guarantees) of each series shall be printed,
lithographed or engraved or produced by any combination of these methods on steel engraved borders
or may be produced in any other manner, all as determined by the officers executing such Debt
Securities, as conclusively evidenced by their execution of such Debt Securities.

               Section 2.02. Form of Trustee’s Certificate of Authentication.

     The form of the Trustee’s certificate of authentication to be borne by the Debt Securities
shall be substantially as follows:

TRUSTEE’S CERTIFICATE OF AUTHENTICATION

     This is one of the series of Debt Securities issued under the within mentioned Indenture.

	 	 	 	 	 
	 

	 	 
	 
	 	 	 	 
	 

	 	 
	 
	 	 	 	 
	 

	 	By: 
	 	 
	 

	 	 	 
	 

	 	 	 	Authorized Signatory

               Section 2.03. Securities in Global Form.

     If any Debt Security of a series is issuable in the form of a Global Note, such Global Note
may provide that it shall represent the aggregate amount of Outstanding Debt Securities from time
to time endorsed thereon and may also provide that the aggregate amount of Outstanding Debt
Securities represented thereby may from time to time be reduced to reflect exchanges. Any
endorsement of a Global Note to reflect the amount, or any increase or decrease in the amount, of
Outstanding Debt Securities represented thereby shall be made by the Trustee and in such manner as
shall be specified in such Global Note. Any instructions by the Company with respect to a Global
Note, after its initial issuance, shall be in writing but need not comply with Section 1.02.

     Global Notes may be issued in either temporary or permanent form. Permanent Global Notes will
be issued in definitive form.

ARTICLE THREE

THE DEBT SECURITIES

               Section 3.01. Amount Unlimited; Issuable in Series.

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

     The Debt Securities may be issued in one or more series. There shall be established in or
pursuant to a Board Resolution and (subject to Section 3.03) set forth in an Officers’ Certificate,
or

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 established in one or more indentures supplemental hereto, prior to the issuance of Debt
Securities of any series:

     (1) the title of the Debt Securities of the series (which shall distinguish the Debt
Securities of such series from all other series of Debt Securities);

     (2) the aggregate principal amount of such series of Debt Securities and any limit, on
the aggregate principal amount of the Debt Securities of the series which may be
authenticated and delivered under this Indenture (except for Debt Securities authenticated
and delivered upon transfer of, or in exchange for, or in lieu of, other Debt Securities of
such series pursuant to Sections 3.04, 3.05, 3.06, 11.06 or 13.07);

     (3) the percentage of the principal amount at which the Debt Securities of such series
will be issued and, if other than the principal amount thereof, the portion of the principal
amount thereof payable upon declaration of acceleration of the maturity or upon redemption
thereof or the method by which such portion shall be determined;

     (4) the date or dates on which or periods during which the Debt Securities of the
series may be issued, and the date or dates or the method by which such date or dates will
be determined, on which the principal of (and premium, if any, on) the Debt Securities of
such series are or may be payable (which, if so provided in such Board Resolution or
supplemental indenture, may be determined by the Company from time to time as set forth in
the Debt Securities of the series issued from time to time);

     (5) the rate or rates (which may be variable or fixed) at which the Debt Securities of
the series shall bear interest, if any, or the method by which such rate or rates shall be
determined, the date or dates from which such interest, if any, shall accrue or the method
by which such date or dates shall be determined (which, in either case or both, if so
provided in such Board Resolution or supplemental indenture, may be determined by the
Company from time to time and set forth in the Debt Securities of the series issued from
time to time); and the Interest Payment Dates on which such interest shall be payable (or
the method of determination thereof), and the Regular Record Dates, if any, for the interest
payable on such Interest Payment Dates and the notice, if any, to Holders regarding the
determination of interest, the manner of giving such notice, the basis upon which interest
shall be calculated if other than that of a 360-day year of twelve 30-day months and any
conditions or contingencies as to the payment of interest in cash or otherwise, if any;

     (6) the place or places, if any, in addition to or instead of the Corporate Trust
Office of the Trustee, where the principal of (and premium, if any) and interest on Debt
Securities of the series shall be payable; the extent to which, or the manner in which, any
interest payable on any Global Note on an Interest Payment Date will be paid, if other than
in the manner provided in Section 3.07; and the manner in which any principal of, or
premium, if any, on, any Global Note will be paid, if other than as set forth elsewhere
herein and whether any Global Note will require any notation to evidence payment of
principal or interest;

     (7) the obligation, if any, of the Company to redeem, repay, purchase or offer to
purchase Debt Securities of the series pursuant to any mandatory redemption, sinking fund or
analogous provisions or upon other conditions or at the option of the Holder thereof and the
period or periods within which or the dates on which, the prices at which and the terms and
conditions upon
which the Debt Securities of the series shall be redeemed, repaid, purchased or offered
to be purchased, in whole or in part, pursuant to such obligation;

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     (8) the right, if any, of the Company to redeem the Debt Securities of such series at
its option and the period or periods within which, or the date or dates on which, the price
or prices at which, and the terms and conditions upon which such Debt Securities may be
redeemed, if any, in whole or in part, at the option of the Company or otherwise;

     (9) if the Currency in which the Debt Securities shall be issuable is in Dollars, the
denominations of such Debt Securities if other than denominations of $2,000 and any integral
multiples of $1,000 in excess thereof (except as provided in Section 3.04);

     (10) whether the Debt Securities of the series are to be issued as Discount Securities
and the amount of discount with which such Debt Securities may be issued and, if other than
the principal amount thereof, the portion of the principal amount of Debt Securities of the
series which shall be payable upon declaration of acceleration of the Maturity thereof
pursuant to Section 5.02;

     (11) provisions, if any, for the defeasance or discharge of certain of the Company’s
obligations with respect to Debt Securities of the series;

     (12) whether provisions for payment of additional amounts or tax redemptions shall
apply and, if such provisions shall apply, such provisions;

     (13) if other than Dollars, the Foreign Currency or Currencies in which Debt Securities
of the series shall be denominated or in which payment of the principal of (and premium, if
any) and interest on the Debt Securities of the series may be made, and the particular
provisions applicable thereto and, if applicable, the amount of Debt Securities of the
series which entitles the Holder of a Debt Security of the series or its proxy to one vote
for purposes of Section 9.05;

     (14) if the principal of (and premium, if any) or interest on Debt Securities of the
series are to be payable, at the election of the Company or a Holder thereof, in a Currency
other than that in which the Debt Securities are denominated or payable without such
election, in addition to or in lieu of the provisions of Section 3.10, the period or periods
within which and the terms and conditions upon which, such election may be made and the time
and the manner of determining the exchange rate or rates between the Currency or Currencies
in which the Debt Securities are denominated or payable without such election and the
Currency or Currencies in which the Debt Securities are to be paid if such election is made;

     (15) the date as of which any Debt Securities of the series shall be dated, if other
than as set forth in Section 3.03;

     (16) if the amount of payments of principal of (and premium, if any) or interest on the
Debt Securities of the series may be determined with reference to an index, including, but
not limited to, an index based on a Currency or Currencies other than that in which the Debt
Securities are denominated or payable, or any other type of index, the manner in which such
amounts shall be determined;

     (17) if the Debt Securities of the series are denominated or payable in a Foreign
Currency, any other terms concerning the payment of principal of (and premium, if any) or
any interest on such Debt Securities (including the Currency or Currencies of payment
thereof);

     (18) the designation of the original Currency Determination Agent, if any;

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     (19) the applicable Overdue Rate, if any;

     (20) if the Debt Securities of the series do not bear interest, the applicable dates
for purposes of Section 7.01;

     (21) any addition to, or modification or deletion of, any Events of Default, covenants
or term of the subordination provided for with respect to Debt Securities of the series;

     (22) whether the Debt Securities of the series shall be issued in whole or in part in
the form of one or more Global Notes and, in such case, the Depositary for such Global Note
or Notes; and if the Debt Securities of the series are issuable only as Registered
Securities, the manner in which and the circumstances under which Global Notes representing
Debt Securities of the series may be exchanged for Registered Securities in definitive form,
if other than, or in addition to, the manner and circumstances specified in Section 3.04(b);

     (23) the designation, if any, of any depositaries, trustees (other than the applicable
Trustee), Paying Agents, Authenticating Agents, Registrars (other than the Trustee) or other
agents with respect to the Debt Securities of such series;

     (24) if the Debt Securities of such series will be issuable in definitive form only
upon receipt of certain certificates or other documents or upon satisfaction of certain
conditions, the form and terms of such certificates, documents or conditions;

     (25) whether the Debt Securities of such series will be convertible into shares of
Common Shares and, if so, the terms and conditions, which may be in addition to or in lieu
of the provisions contained in this Indenture, upon which such Debt Securities will be so
convertible, including the conversion price and the conversion period;

     (26) the portion of the principal amount of the Debt Securities which will be payable
upon declaration of acceleration of the maturity thereof, if other than the principal amount
thereof;

     (27) the nature, content and date for reports by the Company to the holders of the
Offered Debt Securities;

     (28) any change in the right of the Trustee or the Holders to declare the principal of,
and premium and interest on, such Debt Securities due and payable;

     (29) whether or not the Debt Securities shall have the benefit of Article Seventeen
and, if so, which entities shall be the initial Guarantors of the Company’s obligations with
respect to such Debt Securities; and

     (30) any other terms of the series (which terms shall not be inconsistent with the
provisions of this Indenture).

     All Debt Securities of any one series shall be substantially identical except as to
denomination, rate of interest, Stated Maturity and the date from which interest, if any, shall
accrue, which, as set forth above, may be determined by the Company from time to time as to Debt
Securities of a series if so provided in or established pursuant to the authority granted in a
Board Resolution or in any such indenture
supplemental
hereto, and except as may otherwise be provided in or pursuant to such Board
Resolution and (subject to Section 3.03) set forth in such Officers’ Certificate, or in any such
indenture supplemental

-16-

 

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

     If any of the terms of a series of Debt Securities is established in or pursuant to a Board
Resolution, a copy of such Board Resolution shall be certified by the Secretary or an Assistant
Secretary of the Company and delivered to the Trustee at or prior to the delivery of the Officers’
Certificate setting forth the terms of the series.

               Section 3.02. Denominations.

     In the absence of any specification pursuant to Section 3.01 with respect to the Debt
Securities of any series, the Debt Securities of such series shall be issuable only as Registered
Securities in denominations of $2,000 and any integral multiples of $1,000 in excess thereof and
shall be payable only in Dollars.

               Section 3.03. Execution, Authentication, Delivery and Dating.

     The Debt Securities of any series shall be executed on behalf of the Company by its Chairman
of the Board, Chief Executive Officer, Chief Financial Officer, President, one of its Vice
Presidents or its Treasurer and attested by its Secretary or one of its Assistant Secretaries. The
signature of any of these officers may be manual or facsimile. Each Guarantor shall execute the
Guarantee in the manner set forth in Section 17.02.

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

     At any time and from time to time after the execution and delivery of this Indenture, the
Company may deliver Debt Securities, of any series, executed by the Company, to the Trustee for
authentication, together with a Company Order for the authentication and delivery of such Debt
Securities and the Trustee in accordance with the Company Order shall authenticate and deliver such
Debt Securities. If all the Debt Securities of any one series are not to be issued at one time and
if a Board Resolution or supplemental indenture relating to such series shall so permit, such
Company Order may set forth procedures acceptable to the Trustee for the issuance of such Debt
Securities such as interest rate, Stated Maturity, date of issuance and date from which interest,
if any, shall accrue. If any Debt Security shall be represented by a permanent Global Note, then,
for purposes of this Section 3.03 and Section 3.04, the notation of a beneficial owner’s interest
therein upon original issuance of such Debt Security or upon exchange of a portion of a temporary
Global Note shall be deemed to be delivery in connection with the original issuance of such
beneficial owner’s interest in such permanent Global Note.

     The Trustee shall be entitled to receive, and (subject to Section 6.01) shall be fully
protected in relying upon, prior to the authentication and delivery of the Debt Securities of such
series, (i) the supplemental indenture or the Board Resolution by or pursuant to which the form and
terms of such Debt Securities have been approved and (ii) an Opinion of Counsel substantially to
the effect that:

     (1) if the form of the Debt Securities has been established by or pursuant to a Board
Resolution as permitted by Section 3.01, that such form has been established in conformity
with the provisions of the Indenture;

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     (2) if the terms of such Debt Securities have been established by or pursuant to a
Board Resolution as permitted by Section 3.01, that such terms have been established in
conformity with the provisions of this Indenture; and

     (3) such Debt Securities, when authenticated and delivered by the Trustee and issued by
the Company in the manner and subject to any conditions specified in such Opinion of
Counsel, will constitute valid and binding obligations enforceable against the Company in
accordance with their terms, subject to applicable bankruptcy, insolvency and similar laws
affecting creditors’ rights generally and subject, as to enforceability, to general
principles of equity (regardless of whether enforcement is sought in a proceeding in equity
or at law) and subject to such other exceptions as counsel shall request and as to which the
Trustee shall not reasonably object.

     The Trustee shall not be required to authenticate such Debt Securities if the issuance of such
Debt Securities pursuant to this Indenture will affect the Trustee’s own rights, duties or
immunities under the Debt Securities and this Indenture in a manner which is not reasonably
acceptable to the Trustee.

     Each Registered Security shall be dated the date of its authentication.

     No Debt Security shall be entitled to any benefit under this Indenture or be valid or
obligatory for any purpose unless there appears on such Debt Security a certificate of
authentication substantially in one of the forms provided for herein duly executed by the Trustee
or by an Authenticating Agent, and such certificate upon any Debt Security shall be conclusive
evidence, and the only evidence, that such Debt Security has been duly authenticated and delivered
hereunder and is entitled to the benefits of this Indenture. Notwithstanding the foregoing, if any
Debt Security shall have been duly authenticated and delivered hereunder but never issued and sold
by the Company, and the Company shall deliver such Debt Security to the Trustee for cancellation as
provided in Section 3.08 together with a written statement (which need not comply with Section
1.02) stating that such Debt Security has never been issued and sold by the Company, for all
purposes of this Indenture such Debt Security shall be deemed never to have been authenticated and
delivered hereunder and shall never be entitled to the benefits of this Indenture.

               Section 3.04. Temporary Debt Securities; Global Notes Representing Registered
Securities.

     (a) Pending the preparation of definitive Registered Securities of any series, the Company may
execute, and upon Company Order the Trustee shall authenticate and deliver, temporary Registered
Securities which are printed, lithographed, typewritten, mimeographed or otherwise produced, in any
authorized denomination for Registered Securities of such series, substantially of the tenor of the
definitive Registered Securities in lieu of which they are issued and with such appropriate
insertions, omissions, substitutions and other variations as the officers executing such Registered
Securities may determine, as conclusively evidenced by their execution of such Registered
Securities. Every such temporary Registered Security shall be executed by the Company and shall be
authenticated and delivered by the Trustee upon the same conditions and in substantially the same
manner, and with the same effect, as the definitive Registered Securities in lieu of which they are
issued.

     If temporary Debt Securities of any series are issued, the Company will cause definitive Debt
Securities of such series to be prepared without unreasonable delay. After the preparation of
definitive Debt Securities of such series, the temporary Debt Securities of such series shall be
exchangeable for definitive
Debt Securities of such series, of a like Stated Maturity and with like terms and provisions,
upon surrender of the temporary Debt Securities of such series at the office or agency of the
Company in a Place of Payment for such series, without charge to the Holder, except as provided in
Section 3.05 in connection with a transfer. Upon surrender for cancellation of any one or more
temporary Debt Securities of any

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series, the Company shall execute and the Trustee shall
authenticate and deliver in exchange therefor a like principal amount of definitive Debt Securities
of the same series of authorized denominations and of a like Stated Maturity and like terms and
provisions. Until so exchanged, the temporary Registered Securities of any series shall in all
respects be entitled to the same benefits under this Indenture as definitive Registered Securities
of such series.

     (b) If the Company shall establish pursuant to Section 3.01 that the Registered Securities of
a series are to be issued in whole or in part in the form of one or more Global Notes, then the
Company shall execute and the Trustee shall, in accordance with Section 3.03 and the Company Order
with respect to such series, authenticate and deliver one or more Global Notes in temporary or
permanent form that (i) shall represent and shall be denominated in an amount equal to the
aggregate principal amount of the Outstanding Debt Securities of such series to be represented by
one or more Global Notes, (ii) shall be registered in the name of the Depositary for such Global
Note or Notes or the nominee of such Depositary, (iii) shall be delivered by the Trustee to such
Depository or delivered or held pursuant to such Depositary’s instructions, and (iv) shall bear a
legend substantially to the following effect:

“THIS DEBT SECURITY MAY NOT BE TRANSFERRED EXCEPT AS A WHOLE BY THE
DEPOSITARY TO A NOMINEE OF THE DEPOSITARY OR BY A NOMINEE OF THE
DEPOSITARY TO THE DEPOSITARY OR ANOTHER NOMINEE OF THE DEPOSITARY OR
BY THE DEPOSITARY OR ANY SUCH NOMINEE TO A SUCCESSOR DEPOSITARY OR A
NOMINEE OF SUCH SUCCESSOR DEPOSITARY, UNLESS AND UNTIL THIS DEBT
SECURITY IS EXCHANGED IN WHOLE OR IN PART FOR DEBT SECURITIES IN
DEFINITIVE FORM.”

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

     Notwithstanding any other provision of this Section 3.04 or Section 3.05, unless and until a
Global Note is exchanged in whole or in part for Registered Securities in definitive form, a Global
Note representing all or a portion of the Registered Securities of a series may not be transferred
except as a whole by the Depositary for such series to a nominee of such Depositary or by a nominee
of such Depositary to such Depositary or another nominee of such Depositary or by such Depositary
or any such nominee to a successor Depositary for such series or a nominee of such successor
Depositary.

     If at any time the Depositary for the Debt Securities of a series notifies the Company that it
is unwilling or unable to continue as Depositary for the Debt Securities of such series or if at
any time the Depositary for Debt Securities of a series shall no longer be a clearing agency
registered and in good standing under the Exchange Act or other applicable statute or regulation
(as required by this Section 3.04), the Company shall appoint a successor Depositary eligible under
this Section 3.04 with respect to the Debt Securities of such series. If a successor Depositary
for the Debt Securities of such series is not appointed by the Company within 90 days after the
Company receives such notice or becomes aware of such condition, the Company will execute, and the
Trustee, upon receipt of a Company Order for the authentication and delivery of definitive Debt
Securities of such series, will authenticate and deliver, Registered Securities of such series in definitive form in an aggregate principal amount equal to
the principal amount of the Global Note or Notes representing such series in exchange for such
Global Note or Notes.

     The Company may at any time and in its sole discretion determine that the Registered
Securities of any series issued in the form of one or more Global Notes shall no longer be
represented by such

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Global Note or Notes. In such event, the Company will execute, and the
Trustee, upon receipt of a Company Order for the authentication and delivery of definitive Debt
Securities of such series, will authenticate and deliver, Registered Securities of such series in
definitive form and in an aggregate principal amount equal to the principal amount of the Global
Note or Notes representing such series in exchange for such Global Note or Notes.

     If the Registered Securities of any series shall have been issued in the form of one or more
Global Notes and if an Event of Default with respect to the Debt Securities of such series shall
have occurred and be continuing, the Company will promptly execute, and the Trustee, upon receipt
of a Company Order for the authentication and delivery of definitive Debt Securities of such
series, will authenticate and deliver, Registered Securities of such series in definitive form and
in an aggregate principal amount equal to the principal amount of the Global Note or Notes
representing such series in exchange for such Global Note or Notes.

     If specified by the Company pursuant to Section 3.01 with respect to Registered Securities of
a series, the Depositary for such series of Registered Securities may surrender a Global Note for
such series of Debt Securities in exchange in whole or in part for Registered Securities of such
series in definitive form on such terms as are acceptable to the Company and such depositary.
Thereupon, the Company shall execute and the Trustee shall authenticate and deliver, without
charge:

     (i) to each Person specified by the Depositary a new Registered Security or Securities
of the same series, of any authorized denomination as requested by such Person in an
aggregate principal amount equal to and in exchange for such Person’s beneficial interest in
the Global Note; and

     (ii) to the Depositary a new Global Note in a denomination equal to the difference, if
any, between the principal amount of the surrendered Global Note and the aggregate principal
amount of Registered Securities delivered to Holders thereof.

     Upon the exchange of a Global Note for Registered Securities in definitive form, such Global
Note shall be cancelled by the Trustee. Debt Securities issued in exchange for a Global Note
pursuant to this subsection (b) shall be registered in such names and in such authorized
denominations as the Depositary for such Global Note, pursuant to instructions from its direct or
indirect participants or otherwise, shall instruct the Trustee. The Trustee shall deliver such
Debt Securities to the Persons in whose names such Debt Securities are so registered.

               Section 3.05. Registration, Transfer and Exchange.

     (a) The Company shall cause to be kept at the Corporate Trust Office of the Trustee a register
(the registers maintained in such office and in any other office or agency of the Company in a
Place of Payment being herein sometimes collectively referred to as the “Register”) in which,
subject to such reasonable regulations as it may prescribe, the Company shall provide for the
registration of Registered Securities and of transfers and exchanges of Registered Securities. The
Trustee is hereby appointed “Registrar” for the purpose of registering Registered Securities and
registering transfers and exchanges of Registered Securities as herein provided; provided,
however, that the Company may at its option appoint co-Registrars.

     Upon surrender for registration of transfer of any Registered Security of any series at the
office or agency of the Company maintained for such purpose, the Company shall execute, and the
Trustee shall authenticate and deliver, in the name of the designated transferee, one or more new
Registered Securities

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of the same series of like aggregate principal amount of such denominations
as are authorized for Registered Securities of such series and of a like Stated Maturity and with
like terms and conditions.

     Except as otherwise provided in Section 3.04 and this Section 3.05, at the option of the
Holder, Registered Securities of any series may be exchanged for other Registered Securities of the
same series of like aggregate principal amount and of a like Stated Maturity and with like terms
and conditions, upon surrender of the Registered Securities to be exchanged at such office or
agency. Whenever any Registered Securities are surrendered for exchange, the Company shall
execute, and the Trustee shall authenticate and deliver, the Registered Securities which the Holder
making the exchange is entitled to receive.

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

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

     No service charge will be made for any transfer or exchange of Debt Securities except as
provided in Section 3.06. The Company may require payment of a sum sufficient to cover any tax or
other governmental charge that may be imposed in connection with any registration, transfer or
exchange of Debt Securities, other than those expressly provided in this Indenture to be made at
the Company’s own expense or without expense or without charge to the Holders.

     The Company shall not be required (i) to register, transfer or exchange Debt Securities of any
series during a period beginning at the opening of business 15 days before the day of the
transmission of a notice of redemption of Debt Securities of such series selected for redemption
under Section 13.03 and ending at the close of business on the day of such transmission, or (ii) to
register, transfer or exchange any Debt Security so selected for redemption in whole or in part,
except the unredeemed portion of any Debt Security being redeemed in part.

               Section 3.06. Mutilated, Destroyed, Lost and Stolen Debt Securities.

     If (i) any mutilated Debt Security is surrendered to the Trustee at its Corporate Trust
Office, or (ii) the Company and the Trustee receive evidence to their satisfaction of the
destruction, loss or theft of any Debt Security, and there is delivered to the Company and the
Trustee such security or indemnity as may be required by them to save each of them and any Paying
Agent harmless, and neither the Company nor the Trustee receives notice that such Debt Security has
been acquired by a bona fide purchaser, then the Company shall execute and upon Company Request the
Trustee shall authenticate and deliver, in exchange for or in lieu of any such mutilated,
destroyed, lost or stolen Debt Security, a new Debt Security of the same series of like Stated
Maturity and with like terms and conditions and like principal amount, bearing a number not
contemporaneously used with respect to any Debt Securities Outstanding.

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

     Upon the issuance of any new Debt Security under this Section 3.06, the Company may require
the payment of a sum sufficient to cover any tax or other governmental charge that may be imposed
in

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respect thereto and any other expenses (including the fees and expenses of the Trustee)
connected therewith.

     Every new Debt Security of any series issued pursuant to this Section 3.06 shall constitute an
original additional contractual obligation of the Company, whether or not the destroyed, lost or
stolen Debt 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 Debt Securities of
that series duly issued hereunder.

     The provisions of this Section 3.06 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 Debt Securities.

               Section 3.07. Payment of Interest; Interest Rights Preserved.

     (a) Interest on any Registered Security which is payable and is punctually paid or duly
provided for on any Interest Payment Date shall be paid to the Person in whose name such Registered
Security (or one or more Predecessor Securities) is registered at the close of business on the
Regular Record Date for such interest notwithstanding the cancellation of such Registered Security
upon any transfer or exchange subsequent to the Regular Record Date. Unless otherwise specified as
contemplated by Section 3.01 with respect to the Debt Securities of any series, payment of interest
on Registered Securities shall be made at the place or places specified pursuant to Section 3.01
or, at the option of the Company, by check mailed to the address of the Person entitled thereto as
such address appears in the Register or, if provided pursuant to Section 3.01, by wire transfer to
an account designated by the Registered Holder.

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

     (1) The Company may elect to make payment of any Defaulted Interest to the Persons in
whose names such Registered Securities (or their respective Predecessor Securities) are
registered at the close of business on a Special Record Date for the payment of such
Defaulted Interest, which shall be fixed in the following manner. The Company shall notify
the Trustee in writing of the amount of Defaulted Interest proposed to be paid on each such
Registered Security and the date of the proposed payment, and at the same time the Company
shall deposit with the Trustee an amount of money in the Currency or Currency unit in which
the Debt Securities of such series are payable (except as otherwise specified pursuant to
Sections 3.01 or 3.10) equal to the aggregate amount proposed to be paid in respect of such
Defaulted Interest or shall make arrangements satisfactory to the Trustee for such deposit
prior to the date of the proposed payment, such money when deposited to be held in trust for
the benefit of the Persons entitled to such Defaulted Interest as in this clause provided.
Thereupon the Trustee shall fix a Special Record Date for the payment of such Defaulted
Interest which date shall be not more than 15 days and not less than 10 days prior to the
date of the proposed payment and not less than 10 days after the receipt by the Trustee of
the notice of the proposed payment. The Trustee shall promptly notify the Company of such
Special Record Date and, in the name and at the expense of the Company, shall cause notice
of the proposed payment of such Defaulted Interest and the Special Record Date therefor to
be mailed, first-class postage prepaid, to the Holders of such Registered Securities at
their
addresses as they appear in the Register, not less than 10 days prior to such Special
Record Date. Notice of the proposed payment of such Defaulted Interest and the Special
Record Date therefor

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having been mailed as aforesaid, such Defaulted Interest shall be paid
to the Persons in whose names such Registered Securities (or their respective Predecessor
Securities) are registered at the close of business on such Special Record Date and shall no
longer be payable pursuant to the following clause (2).

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

     (c) Subject to the foregoing provisions of this Section 3.07, each Debt Security delivered
under this Indenture upon transfer of or in exchange for or in lieu of any other Debt Security
shall carry the rights to interest accrued and unpaid, and to accrue, which were carried by such
other Debt Security.

               Section 3.08. Cancellation.

     Unless otherwise specified pursuant to Section 3.01 for Debt Securities of any series, all
Debt Securities surrendered for payment, redemption, transfer, exchange or credit against any
sinking fund shall, if surrendered to any Person other than the Trustee, be delivered to the
Trustee. All Registered Securities so delivered shall be promptly cancelled by the Trustee. The
Company may at any time deliver to the Trustee for cancellation any Debt Securities previously
authenticated and delivered hereunder which the Company may have acquired in any manner whatsoever,
and may deliver to the Trustee (or to any other Person for delivery to the Trustee) for
cancellation any Debt Securities previously authenticated hereunder which the Company has not
issued, and all Debt Securities so delivered shall be promptly cancelled by the Trustee. No Debt
Securities shall be authenticated in lieu of or in exchange for any Debt Securities cancelled as
provided in this Section 3.08, except as expressly permitted by this Indenture. All cancelled Debt
Securities held by the Trustee shall be delivered to the Company upon Company Request. The
acquisition of any Debt Securities by the Company shall not operate as a redemption or satisfaction
of the indebtedness represented thereby unless and until such Debt Securities are surrendered to
the Trustee for cancellation. Permanent Global Notes shall not be destroyed until exchanged in
full for definitive Debt Securities or until payment thereon is made in full.

               Section 3.09. Computation of Interest.

     Except as otherwise specified pursuant to Section 3.01 for Debt Securities of any series,
interest on the Debt Securities of each series shall be computed on the basis of a 360-day year of
twelve 30-day months.

               Section 3.10. Currency of Payments in Respect of Debt Securities.

     (a) With respect to Registered Securities of any series not permitting the election provided
for in paragraph (b) below or the Holders of which have not made the election provided for in
paragraph (b) below, except as provided in paragraph (d) below, payment of the principal of (and
premium, if any) and any interest on any Registered Security of such series will be made in the
Currency in which such Registered Security is payable.

     (b) It may be provided pursuant to Section 3.01 with respect to the Registered Securities of
any series that Holders shall have the option, subject to paragraphs (d) and (e) below, to receive
payments of principal of (and premium, if any) and any interest on such Registered Securities in
any of the Currencies which may be designated for such election by delivering to the Trustee a
written election, to be in

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form and substance satisfactory to the Trustee, not later than the close
of business on the Election Date immediately preceding the applicable payment date. If a Holder so
elects to receive such payments in any such Currency, such election will remain in effect for such
Holder or any transferee of such Holder until changed by such Holder or such transferee by written
notice to the Trustee (but any such change must be made not later than the close of business on the
Election Date immediately preceding the next payment date to be effective for the payment to be
made on such payment date and no such change or election may be made with respect to payments to be
made on any Registered Security of such series with respect to which an Event of Default has
occurred or notice of redemption has been given by the Company pursuant to Article Thirteen). Any
Holder of any such Registered Security who shall not have delivered any such election to the
Trustee by the close of business on the applicable Election Date will be paid the amount due on the
applicable payment date in the relevant Currency as provided in paragraph (a) of this Section 3.10.

     (c) If the election referred to in paragraph (b) above has been provided for pursuant to
Section 3.01, then not later than the fourth Business Day after the Election Date for each payment
date, the Trustee will deliver to the Company a written notice specifying the Currency in which
such series of the Registered Securities is payable, the respective aggregate amounts of principal
of (and premium, if any) and any interest on the Registered Securities to be paid on such payment
date, specifying the amounts so payable in respect of the Registered Securities as to which the
Holders of Registered Securities denominated in any Currency shall have elected to be paid in
another Currency as provided in paragraph (b) above. If the election referred to in paragraph (b)
above has been provided for pursuant to Section 3.01 and if at least one Holder has made such
election, then, on the second Business Day preceding each payment date, the Company will deliver to
the Trustee an Exchange Rate Officer’s Certificate in respect of the Currency payments to be made
on such payment date. The Currency amount receivable by Holders of Registered Securities who have
elected payment in a Currency as provided in paragraph (b) above shall be determined by the Company
on the basis of the applicable Market Exchange Rate in effect on the third Business Day (the
“Valuation Date”) immediately preceding each payment date.

     (d) If a Conversion Event occurs with respect to a Foreign Currency or any other Currency unit
in which any of the Debt Securities are denominated or payable other than pursuant to an election
provided for pursuant to paragraph (b) above, then with respect to each date for the payment of
principal of (and premium, if any) and any interest on the applicable Debt Securities denominated
or payable in such Foreign Currency or such other Currency unit occurring after the last date on
which such Foreign Currency, or such other Currency unit was used (the “Conversion Date”), the
Dollar shall be the Currency of payment for use on each such payment date. The Dollar amount to be
paid by the Company to the Trustee and by the Trustee or any Paying Agent to the Holders of such
Debt Securities with respect to such payment date shall be the Dollar Equivalent of the Foreign
Currency or, in the case of a Currency unit, the Dollar Equivalent of the Currency Unit, in each
case as determined by the Currency Determination Agent, if any, or, if there shall not be a
Currency Determination Agent, then by the Trustee, in the manner provided in paragraph (f) or (g)
below.

     (e) If the Holder of a Registered Security denominated in any Currency shall have elected to
be paid in another Currency as provided in paragraph (b) above, and a Conversion Event occurs with
respect to such elected Currency, such Holder shall receive payment in the Currency in which
payment would have been made in the absence of such election. If a Conversion Event occurs with
respect to the
Currency in which payment would have been made in the absence of such election, such Holder
shall receive payment in Dollars as provided in paragraph (d) of this Section 3.10.

     (f) The “Dollar Equivalent of the Foreign Currency” shall be determined by the Currency
Determination Agent, if any, or, if there shall not be a Currency Determination Agent, then by the

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Trustee, and shall be obtained for each subsequent payment date by converting the specified Foreign
Currency into Dollars at the Market Exchange Rate on the Conversion Date.

     (g) The “Dollar Equivalent of the Currency Unit” shall be determined by the Currency
Determination Agent, if any, or, if there shall not be a Currency Determination Agent, then by the
Trustee, and subject to the provisions of paragraph (h) below, shall be the sum of each amount
obtained by converting the Specified Amount of each Component Currency into Dollars at the Market
Exchange Rate for such Component Currency on the Valuation Date with respect to each payment.

     (h) For purposes of this Section 3.10 the following terms shall have the following meanings:

     A “Component Currency” shall mean any Currency which, on the Conversion Date, was a component
Currency of the relevant Currency unit.

     A “Specified Amount” of a Component Currency shall mean the number of units of such Component
Currency or fractions thereof which were represented in the relevant Currency unit on the
Conversion Date. If after the Conversion Date the official unit of any Component Currency is
altered by way of combination or subdivision, the Specified Amount of such Component Currency shall
be divided or multiplied in the same proportion. If after the Conversion Date two or more
Component Currencies are consolidated into a single Currency, the respective Specified Amounts of
such Component Currencies shall be replaced by an amount in such single Currency equal to the sum
of the respective Specified Amounts of such consolidated Component Currencies expressed in such
single Currency, and such amount shall thereafter be a Specified Amount and such single Currency
shall thereafter be a Component Currency. If after the Conversion Date any Component Currency
shall be divided into two or more Currencies, the Specified Amount of such Component Currency shall
be replaced by amounts of such two or more Currencies with appropriate Dollar equivalents at the
Market Exchange Rate on the date of such replacement equal to the Dollar equivalent of the
Specified Amount of such former Component Currency at the Market Exchange Rate on such date, and
such amounts shall thereafter be Specified Amounts and such Currencies shall thereafter be
Component Currencies. If after the Conversion Date of the relevant Currency unit a Conversion
Event (other than any event referred to above in this definition of “Specified Amount”) occurs with
respect to any Component Currency of such Currency unit, the Specified Amount of such Component
Currency shall, for purposes of calculating the Dollar Equivalent of the Currency Unit, be
converted into Dollars at the Market Exchange Rate in effect on the Conversion Date of such
Component Currency.

     “Election Date” shall mean the record date with respect to any payment date, and with respect
to the Maturity shall mean the record date (if within 16 or fewer days prior to the Maturity)
immediately preceding the Maturity, and with respect to any series of Debt Securities whose record
date immediately preceding the Maturity is more than 16 days prior to the Maturity or any series of
Debt Securities for which no record dates are provided with respect to interest payments, shall
mean the date which is 16 days prior to the Maturity.

     (i) All decisions and determinations of the Trustee or the Currency Determination Agent, if
any, regarding the Dollar Equivalent of the Foreign Currency, the Dollar Equivalent of the Currency
Unit and the Market Exchange Rate shall be in its sole discretion and shall, in the absence of
manifest error, be conclusive for all purposes and irrevocably binding upon the Company and all
Holders of the Debt Securities denominated or payable in the relevant Currency. In the event of a Conversion Event
with respect to a Foreign Currency, the Company, after learning thereof, will immediately give
written notice thereof to the Trustee (and the Trustee will promptly thereafter give notice in the
manner provided in Section 1.05 to the Holders) specifying the Conversion Date. In the event of a
Conversion Event with respect to any Currency unit in which Debt Securities are denominated or
payable, the Company, after learning thereof, will

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immediately give notice thereof to the Trustee
(and the Trustee will promptly thereafter give written notice in the manner provided in Section
1.05 to the Holders) specifying the Conversion Date and the Specified Amount of each Component
Currency on the Conversion Date. In the event of any subsequent change in any Component Currency
as set forth in the definition of Specified Amount above, the Company, after learning thereof, will
similarly give written notice to the Trustee. The Trustee shall be fully justified and protected
in relying and acting upon information received by it from the Company and the Currency
Determination Agent, if any, and shall not otherwise have any duty or obligation to determine such
information independently.

     (j) For purposes of any provision of this Indenture where the Holders of Outstanding Debt
Securities may perform an Act which requires that a specified percentage of the Outstanding Debt
Securities of all series perform such Act and for purposes of any decision or determination by the
Trustee of amounts due and unpaid for the principal (and premium, if any) and interest on the Debt
Securities of all series in respect of which moneys are to be disbursed ratably, the principal of
(and premium, if any) and interest on the Outstanding Debt Securities denominated in a Foreign
Currency will be the amount in Dollars based upon the Market Exchange Rate for Debt Securities of
such series, as of the date for determining whether the Holders entitled to perform such Act have
performed it, or as of the date of such decision or determination by the Trustee, as the case may
be.

               Section 3.11. Judgments.

     If for the purpose of obtaining a judgment in any court with respect to any obligation of the
Company hereunder or under any Debt Security, it shall become necessary to convert into any other
Currency any amount in the Currency due hereunder or under such Debt Security, then such conversion
shall be made at the Market Exchange Rate as in effect on the date the Company shall make payment
to any Person in satisfaction of such judgment. If pursuant to any such judgment, conversion shall
be made on a date other than the date payment is made and there shall occur a change between such
Market Exchange Rate and the Market Exchange Rate as in effect on the date of payment, the Company
agrees to pay such additional amounts (if any) as may be necessary to ensure that the amount paid
is equal to the amount in such other Currency which, when converted at the Market Exchange Rate as
in effect on the date of payment or distribution, is the amount then due hereunder or under such
Debt Security. Any amount due from the Company under this Section 3.11 shall be due as a separate
debt and is not to be affected by or merged into any judgment being obtained for any other sums due
hereunder or in respect of any Debt Security. In no event, however, shall the Company be required
to pay more in the Currency or Currency unit due hereunder or under such Debt Security at the
Market Exchange Rate as in effect when payment is made than the amount of Currency stated to be due
hereunder or under such Debt Security so that in any event the Company’s obligations hereunder or
under such Debt Security will be effectively maintained as obligations in such Currency, and the
Company shall be entitled to withhold (or be reimbursed for, as the case may be) any excess of the
amount actually realized upon any such conversion over the amount due and payable on the date of
payment or distribution.

               Section 3.12. Exchange Upon Default.

     If default is made in the payments referred to in Section 12.01, the Company hereby undertakes
that upon presentation and surrender of a permanent Global Note to the Trustee (or to any other
Person or
at any other address as the Company may designate in writing), on any Business Day on or after
the due date thereof the Company will issue and the Trustee will authenticate and deliver to the
Holder of such permanent Global Note duly executed and authenticated definitive Debt Securities
with the same issue date and maturity date as set out in such permanent Global Note.

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               Section 3.13. CUSIP and ISIN Numbers.

     The Company in issuing the Debt Securities may use “CUSIP” and “ISIN” numbers (if then
generally in use), and, if so, the Trustee shall use “CUSIP” and “ISIN” 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 accuracy of such numbers either as printed on the Debt Securities
or as contained in any notice of a redemption and that reliance may be placed only on the other
identification numbers printed on the Debt Securities, and any such redemption shall not be
affected by any defect in or omission of such numbers. The Company will promptly notify the
Trustee in writing of any change in the “CUSIP” or “ISIN” numbers.

ARTICLE FOUR

SATISFACTION AND DISCHARGE

               Section 4.01. Satisfaction and Discharge of Indenture.

     This Indenture, with respect to the Debt Securities of any series, shall be discharged and
shall cease to be of further effect (except as to surviving rights of registration of transfer or
exchange of such Debt Securities, as expressly provided for herein) as to all outstanding Debt
Securities of such series, when either

     (a) all the Debt Securities of such series theretofore authenticated and delivered
(except lost, stolen or destroyed Debt Securities of such series which have been replaced or
paid and Debt Securities of such series for whose payment money has theretofore been
deposited in trust or segregated and held in trust by the Company and thereafter repaid to
the Company as provided in this Indenture) have been delivered to the Registrar for
cancellation, and

     (i) the Company has paid all sums payable under this Indenture by the Company
with respect to all Debt Securities of such series, and

     (ii) the Company has delivered to the Trustee an Officers’ Certificate and an
Opinion of Counsel stating that all conditions precedent under this Indenture
relating to the satisfaction and discharge of this Indenture with respect to all
Debt Securities of such series have been complied with; or

     (b) the Company shall have given notice of redemption of all of the Debt Securities of
such series, all of the Debt Securities of such series shall have otherwise become due and
payable or all of the Debt Securities of such series will become due and payable, or may be
called for redemption, within one year, and

     (i) the Company has irrevocably deposited or caused to be deposited with the
Trustee or another trustee funds, in trust solely for the benefit of the Holders of
Debt Securities of such series, U.S. legal tender, U.S. Government Obligations or a
combination thereof, in such amounts as will be sufficient (without consideration of
any reinvestment of interest) to pay and discharge the entire indebtedness
(including all principal and
accrued interest) on the Debt Securities of such series not theretofore
delivered to the Trustee for cancellation, together with irrevocable instructions
from the Company directing the Trustee to apply such funds to the payment thereof at
maturity or redemption, as the case may be;

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     (ii) no Default or Event of Default shall have occurred and be continuing on
the date of such deposit or shall occur as a result of such deposit and such deposit
will not result in a breach or violation of or default under any other material
instrument to which the Company is a party or by which it is bound;

     (iii) the Company has paid all other sums payable under this Indenture with
respect to all Debt Securities of such series; and

     (iv) the Company has delivered to the Trustee an Officers’ Certificate and an
Opinion of Counsel stating that all conditions precedent under this Indenture with
respect to all Debt Securities of such series relating to the satisfaction and
discharge of this Indenture have been complied with.

     Notwithstanding the satisfaction and discharge of this Indenture with respect to Debt
Securities of any series, the obligations of the Company to the Trustee under Section 6.07, the
obligations of the Trustee to any Authenticating Agent under Section 6.14, the obligations of the
Company under Section 12.01, and, if money shall have been deposited with the Trustee pursuant to
clause (b) of this Section 4.01, the obligations of the Trustee under Section 4.02 and the last
paragraph of Section 12.04, shall survive with respect to such series. If, after the deposit
referred to in Section 4.01 has been made, (x) the Holder of a Debt Security is entitled to, and
does, elect pursuant to Section 3.10(b), to receive payment in a Currency other than that in which
the deposit pursuant to Section 4.01 was made, or (y) if a Conversion Event occurs with respect to
the Currency in which the deposit was made or elected to be received by the Holder pursuant to
Section 3.10(b), then the indebtedness represented by such Debt Security shall be fully discharged
to the extent that the deposit made with respect to such Debt Security shall be converted into the
Currency in which such payment is made.

               Section 4.02. Application of Trust Money.

     Subject to the provisions of the last paragraph of Section 12.04, all money deposited with the
Trustee pursuant to Section 4.01 shall be held in trust and applied by it, in accordance with the
provisions of the Debt Securities and this Indenture, to the payment, either directly or through
any Paying Agent (including the Company acting as its own Paying Agent) as the Trustee may
determine, to the Persons entitled thereto, of the principal (and premium, if any) and interest for
whose payment such money has been deposited with the Trustee.

ARTICLE FIVE

REMEDIES

               Section 5.01. Events of Default.

     Wherever used herein with respect to Debt Securities of any series, each of the following is
an “Event of Default”:

     (1) default for 30 days in the payment when due of interest upon any Debt Security of
such series; or

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

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

     (4) a default in the observance or performance of any other covenant or agreement
contained in this Indenture with respect to Debt Securities of such series which default
continues for a period of 60 days after the Company receives written notice specifying the
default (and demanding that such default be remedied) from the Trustee or the Holders (with
a copy to the Trustee) of at least 25% of the outstanding principal amount of the Debt
Securities of such series;

     (5) a court having jurisdiction in the premises enters (x) a decree or order for relief
in respect of the Company in an involuntary case or proceeding under any applicable federal
or state bankruptcy, insolvency, reorganization or other similar law or (y) a decree or
order adjudging the Company a bankrupt or insolvent, or approving as properly filed a
petition seeking reorganization, arrangement, adjustment or composition of or in respect of
the Company under any applicable federal or state law, or appointing a custodian, receiver,
liquidator, assignee, trustee, sequestrator or other similar official of the Company or of
any substantial part of its property, or ordering the winding up or liquidation of its
affairs, and the continuance of any such decree or order for relief or any such other decree
or order unstayed and in effect for a period of 60 consecutive days; or

     (6) the Company:

     (i) commences a voluntary case or proceeding under any applicable federal or
state bankruptcy, insolvency, reorganization or other similar law or any other case
or proceeding to be adjudicated a bankrupt or insolvent; or

     (ii) consents to the entry of a decree or order for relief in respect of the
Company in an involuntary case or proceeding under any applicable federal or state
bankruptcy, insolvency, reorganization or other similar law or to the commencement
of any bankruptcy or insolvency case or proceeding against the Company; or

     (iii) files a petition, as debtor, or answer or consent seeking reorganization
or relief under any applicable federal or state law; or

     (iv) consents to the filing of such petition or to the appointment of or taking
possession by a custodian, receiver, liquidator, assignee, trustee, sequestrator or
similar official of the Company or of any substantial part of its property; or

     (v) makes an assignment for the benefit of creditors; or

     (vi) admits in writing its inability to pay its debts generally as they become
due; or

     (vii) takes corporate action in furtherance of any such action; or

     (7) any other Event of Default provided with respect to Debt Securities of that series
pursuant to Section 3.01.

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               Section 5.02. Acceleration of Maturity; Rescission and Annulment.

     If an Event of Default (other than an Event of Default specified in clause (5) or (6) of
Section 5.01 with respect to the Company) with respect to Debt Securities of any series at the time
Outstanding occurs and is continuing, then in every such case the Trustee or the Holders of not
less than 25% in principal amount of the Outstanding Debt Securities of such series may declare the
principal amount (or, if any Debt Securities of such series are Discount Securities, such portion
of the principal amount of such Discount Securities as may be specified in the terms of such
Discount Securities) of all the Debt Securities of such series to be due and payable immediately,
by a notice in writing to the Company (and to the Trustee if given by Holders), and upon any such
declaration such principal amount (or specified amount) plus accrued and unpaid interest (and
premium, if payable) shall become immediately due and payable. Upon payment of such amount in the
Currency in which such Debt Securities are denominated (except as otherwise provided pursuant to
Sections 3.01 or 3.10), all obligations of the Company in respect of the payment of principal of
the Debt Securities of such series shall terminate.

     If an Event of Default specified in clause (5) or (6) of Section 5.01 occurs and is continuing
with respect to the Company, then all unpaid principal of, and premium, if any, and accrued and
unpaid interest on all of the Debt Securities under this Indenture shall ipso facto become and be
immediately due and payable without any declaration or other act on the part of the Trustee or any
Holder.

     At any time after such a declaration of acceleration with respect to Debt Securities of any
series has been made and before a judgment or decree for payment of the money due has been obtained
by the Trustee as hereinafter in this Article provided, the Holders of a majority in principal
amount of the Outstanding Debt Securities of such series, by written notice to the Company and the
Trustee, may rescind and annul such declaration and its consequences:

     (1) if the rescission would not conflict with any judgment or decree;

     (2) if all existing Events of Default with respect to Debt Securities of such series
have been cured or waived except nonpayment of principal or interest that has become due
solely because of the acceleration;

     (3) to the extent the payment of such interest is lawful, interest on overdue
installments of interest and overdue principal with respect to Debt Securities of such
series, which has become due otherwise than by such declaration of acceleration, has been
paid; and

     (4) if the Company has paid the Trustee its reasonable compensation and reimbursed the
Trustee for its expenses, disbursements and advances.

No such rescission and waiver shall affect any subsequent default or impair any right consequent
thereto.

               Section 5.03. Collection of Indebtedness and Suits for Enforcement by Trustee.

     The Company covenants that if:

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

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

     (3) default is made in the making or satisfaction of any sinking fund payment or
analogous obligation when the same becomes due pursuant to the terms of the Debt Securities
of any series,

the Company will, upon demand of the Trustee, pay to it, for the benefit of the Holders of such
Debt Securities, the amount then due and payable on such Debt Securities, for the principal (and
premium, if any) and interest, if any, and, to the extent that payment of such interest shall be
legally enforceable, interest upon the overdue principal (and premium, if any) and upon overdue
installments of interest, at the Overdue Rate; 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 Company fails to pay such amount 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, and may prosecute such proceeding to judgment or final decree, and may
enforce the same against the Company or any other obligor upon such Debt Securities, and collect
the moneys adjudged or decreed to be payable in the manner provided by law out of the property of
the Company or any other obligor upon such Debt Securities wherever situated.

     If an Event of Default with respect to Debt 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 Debt 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 5.04. Trustee May File Proofs of Claim.

     In case of the pendency of any receivership, insolvency, liquidation, bankruptcy,
reorganization, arrangement, adjustment, composition or other judicial proceedings, or any
voluntary or involuntary case under the Federal bankruptcy laws, as now or hereafter constituted,
relative to the Company or any other obligor upon the Debt Securities, of a particular series or
the property of the Company or of such other obligor or their creditors, the Trustee (irrespective
of whether the principal of such Debt Securities shall then be due and payable as therein expressed
or by declaration of acceleration or otherwise and irrespective of whether the Trustee shall have
made any demand on the Company for the payment of overdue principal or interest) shall be entitled
and empowered, by intervention in such proceeding or otherwise,

     (i) to file and prove a claim for the whole amount of principal (or, if the Debt
Securities of such series are Discount Securities, such portion of the principal amount as
may be due and payable with respect to such series pursuant to a declaration in accordance
with Section 5.02) (and premium, if any) and interest owing and unpaid in respect of the
Debt Securities of such series 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 of such Debt Securities allowed in such judicial proceeding,
and

     (ii) 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 receiver, assignee, trustee, custodian, liquidator, sequestrator (or other similar
official) in any such proceeding is hereby authorized by each such 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 such 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 6.07.

     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 Debt Securities of such series or the rights of any Holder thereof, or to
authorize the Trustee to vote in respect of the claim of any Holder in any such proceeding.

               Section 5.05. Trustee May Enforce Claims Without Possession of Debt Securities.

     All rights of action and claims under this Indenture or the Debt Securities of any series may
be prosecuted and enforced by the Trustee without the possession of any of such Debt 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 Debt Securities in respect of which such judgment has been recovered.

               Section 5.06. Application of Money Collected.

     Any money collected by the Trustee pursuant to this Article shall be applied in the following
order, at the date or dates fixed by the Trustee and, in case of the distribution of such money on
account of principal (and premium, if any) or interest, upon presentation of the Debt Securities of
any series in respect of which money has been collected 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 6.07;

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

     THIRD: The balance, if any, to the Person or Persons entitled thereto.

               Section 5.07. Limitation on Suits.

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

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

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

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

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

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

it being understood and intended that no one or more of such Holders shall have any right in any
manner whatever by virtue of, or by availing of, any provision of this Indenture to affect, disturb
or prejudice the rights of any other such Holders or of the Holders of Outstanding Debt Securities
of any other series, or to obtain or to seek to obtain priority or preference over any other of
such Holders or to enforce any right under this Indenture, except in the manner herein provided and
for the equal and ratable benefit of all of such Holders. For the protection and enforcement of
the provisions of this Section 5.07, each and every Holder of Debt Securities of any series and the
Trustee for such series shall be entitled to such relief as can be given at law or in equity.

               Section 5.08. Unconditional Right of Holders to Receive Principal, Premium and
Interest.

     Notwithstanding any other provision in this Indenture, the Holder of any Debt Security shall
have the right, which is absolute and unconditional, to receive payment of the principal of (and
premium, if any) and (subject to Section 3.07) interest on such Debt Security on the respective
Stated Maturity or Maturities expressed in such Debt Security (or, in the case of redemption, on
the Redemption Date) and to institute suit for the enforcement of any such payment and interest
thereon, and such right shall not be impaired without the consent of such Holder.

               Section 5.09. 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 the
Company, the Trustee and the Holders shall, subject to any determination in such proceeding, 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 5.10. Rights and Remedies Cumulative.

     Except as otherwise expressly provided elsewhere in this Indenture, no right or remedy herein
conferred upon or reserved to the Trustee or to the Holders is intended to be exclusive of any
other right or remedy, and every right and remedy shall, to the extent permitted by law, be
cumulative and in addition to every other right and remedy given hereunder or now or hereafter
existing at law or in equity or otherwise. The assertion or employment of any right or remedy
hereunder, or otherwise, shall not prevent the concurrent assertion or employment of any other
appropriate right or remedy.

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               Section 5.11. Delay or Omission Not Waiver.

     No delay or omission of the Trustee or of any Holder 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 any acquiescence therein. Every right and remedy given by this Indenture 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 5.12. Control by Holders.

     The Holders of a majority in principal amount of the Outstanding Debt 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 Debt Securities of such series, provided, that

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

     (2) subject to the provisions of Section 6.01, the Trustee shall have the right to
decline to follow any such direction if the Trustee in good faith shall, by a Responsible
Officer or Responsible Officers of the Trustee, determine that the proceeding so directed
would be unjustly prejudicial to the Holders of Debt Securities of such series not joining
in any such direction; and

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

               Section 5.13. Waiver of Past Defaults or Events of Default.

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

     (1) in the payment of the principal of (or premium, if any) or interest on any Debt
Security of such series, or in the payment of any sinking fund installment or analogous
obligation with respect to the Debt Securities of such series, or

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

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

               Section 5.14. Undertaking for Costs.

     All parties to this Indenture agree, and each Holder of any Debt 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 other than the

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Trustee of an undertaking to pay the costs of such suit, and that such court may in its 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 5.14 shall not apply to any suit instituted by the
Trustee, to any suit instituted by any Holder or group of Holders holding in the aggregate more
than 10% in principal amount of the Outstanding Debt Securities of any series, or to any suit
instituted by any Holder of a Debt Security for the enforcement of the payment of the principal of
(or premium, if any) or interest on such Debt Security on or after the respective Stated Maturity
or Maturities expressed in such Debt Security (or, in the case of redemption, on or after the
Redemption Date).

               Section 5.15. Waiver of Stay or Extension Laws.

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

ARTICLE SIX

THE TRUSTEE

               Section 6.01. Certain Duties and Responsibilities.

     (a) Except during the continuance of an Event of Default with respect to the Debt Securities
of any series,

     (1) the Trustee undertakes to perform such duties and only such duties as are
specifically set forth in this Indenture, 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; but in the case of any such certificates or opinions which by any provisions
hereof are specifically required to be furnished to the Trustee, the Trustee shall be under
a duty to examine the same to determine whether or not they conform to the requirements of
this Indenture.

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

     (c) No provision of this Indenture shall be construed to relieve the Trustee from liability
for its own negligent action, its own negligent failure to act, or its own willful misconduct,
except that

     (1) this subsection shall not be construed to limit the effect of subsection (a) of
this Section 6.01;

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     (2) the Trustee shall not be liable for any error of judgment made in good faith,
unless it shall be proved that the Trustee was negligent in ascertaining the pertinent
facts;

     (3) the Trustee shall not be liable with respect to any action taken, suffered or
omitted to be taken by it with respect to Debt Securities of any series in good faith in
accordance with the direction of the Holders of a majority in principal amount of the
Outstanding Debt Securities of such series relating to the time, method and place of
conducting any proceeding for any remedy available to the Trustee, or exercising any trust
or power conferred upon the Trustee, under this Indenture; and

     (4) the Trustee shall not be required to expend or risk its own funds or otherwise
incur any financial liability in the performance of any of its duties hereunder, or in the
exercise of any of its rights or powers, if it shall have reasonable grounds for believing
that repayment of such funds or adequate indemnity against such risk or liability is not
reasonably assured to it.

     (d) Whether or not therein expressly so provided, every provision of this Indenture relating
to the conduct or affecting the liability of or affording protection to the Trustee shall be
subject to the provisions of this Section 6.01.

               Section 6.02. Notice of Defaults.

     Within 90 days after the occurrence of any Default hereunder with respect to Debt Securities,
of any series, the Trustee shall give notice to all Holders of Debt Securities of such series of
such Default hereunder known to the Trustee, unless such Default shall have been cured or waived;
provided, however, that, except in the case of a Default in the payment of the
principal of (or premium, if any) or interest on any Debt Security of such series or in the payment
of any sinking fund installment with respect to Debt Securities of such series, the Trustee shall
be protected in withholding such notice if and so long as the board of directors, the executive
committee or a trust committee of directors and/or Responsible Officers of the Trustee in good
faith determine that the withholding of such notice is in the interest of the Holders of Debt
Securities of such series; and provided, further, that in the case of any Default
of the character specified in Section 5.01(4) with respect to Debt Securities of such series no
such notice to Holders shall be given until at least 30 days after the occurrence thereof.

     Notice given pursuant to this Section 6.02 shall be transmitted by mail:

     (1) to all Registered Holders, as the names and addresses of the Registered Holders
appear in the Register; and

     (2) to each Holder of a Debt Security of any series whose name and address appear in
the information preserved at the time by the Trustee in accordance with Section 7.02(a) of
this Indenture.

               Section 6.03. Certain Rights of Trustee.

     Except as otherwise provided in Section 6.01:

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

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

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

     (d) the Trustee may consult with counsel and the advice of such counsel or any Opinion
of Counsel shall be full and complete authorization and protection in respect of any action
taken, suffered or omitted by it hereunder in good faith and in reliance thereon;

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

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

     (g) the Trustee shall not be deemed to have notice of any Default or Event of Default
except, (i) any Event of Default under Section 5.01(1) or (2) or (ii) any Default or Event
of Default of which the Trustee shall have actually received written notice in accordance
with Section 1.04 that references this Indenture and the applicable series of Debt
Securities, or of which a Responsible Officer of the Trustee shall have obtained actual
knowledge;

     (h) the Trustee shall not be liable for interest on any money received by it except as
the Trustee may otherwise agree in writing with the Company;

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

     (j) the Trustee may execute any of the trusts or powers hereunder or perform any duties
hereunder either directly or by or through agents or attorneys and the Trustee shall not be
responsible for any misconduct or negligence on the part of any agent (including any agent
appointed pursuant to Section 3.10(i)) or attorney appointed with due care by it hereunder.

               Section 6.04. Not Responsible for Recitals or Issuance of Debt Securities.

     The recitals contained herein and in the Debt Securities, except the Trustee’s certificates of
authentication, shall be taken as the statements of the Company, and the Trustee assumes no
responsibility for their correctness. The Trustee makes no representations as to the validity or
sufficiency of this

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Indenture or of the Debt Securities, of any series. The Trustee shall not be accountable for the
use or application by the Company of any Debt Securities or the proceeds thereof.

               Section 6.05. May Hold Debt Securities.

     The Trustee, any Paying Agent, the Registrar or any other agent of the Company, in its
individual or any other capacity, may become the owner or pledgee of Debt Securities, and, subject
to Sections 6.08 and 6.13, may otherwise deal with the Company with the same rights it would have
if it were not Trustee, Paying Agent, Registrar or such other agent.

               Section 6.06. Money Held in Trust.

     Money in any Currency held by the Trustee or any Paying Agent in trust hereunder need not be
segregated from other funds except to the extent required by law. Neither the Trustee nor any
Paying Agent shall be under any liability for interest on any money received by it hereunder except
as otherwise agreed with the Company.

               Section 6.07. Compensation and Reimbursement.

     The Company agrees:

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

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

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

     As security for the performance of the obligations of the Company under this Section 6.07, the
Trustee shall have a claim prior to the Debt Securities, upon all property and funds held or
collected by the Trustee as such, except funds held in trust for the payment of amounts due on the
Debt Securities.

     The obligations of the Company under this Section 6.07 to compensate and indemnify the Trustee
and the other indemnified parties for expenses, disbursements and advances shall constitute
additional indebtedness under this Indenture and shall survive the satisfaction and discharge of
this Indenture.

               Section 6.08. Qualification; Conflicting Interests.

This Indenture shall always have a Trustee who satisfies the requirements of Trust Indenture Act §§
310(a)(1), (2), and (5). If the Trustee acquires any conflicting interest as described in the
Trust

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Indenture Act, it must eliminate such conflict within 90 days, apply to the Commission for permission to
continue or resign. The Trustee shall be subject to Trust Indenture Act § 310(b).

               Section 6.09. Corporate Trustee Required; Eligibility.

     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 of America, any State thereof or the District of
Columbia, authorized under such laws to exercise corporate trust powers, having a combined capital
and surplus of at least $100,000,000, subject to supervision or examination by Federal, State or
District of Columbia authority. If such corporation publishes reports of condition at least
annually, pursuant to law or to the requirements of the aforesaid supervising or examining
authority, then for the purposes of this Section 6.09, the combined capital and surplus of such
corporation shall be deemed to be its combined capital and surplus as set forth in its most recent
report of condition so published. Neither the Company nor any person directly or indirectly
controlling, controlled by, or under common control with the Company shall serve as Trustee upon
any Debt Securities.

               Section 6.10. Resignation and Removal; Appointment of Successor.

     (a) No resignation or removal of the Trustee and no appointment of a successor Trustee
pursuant to this Article shall become effective until the acceptance of appointment by the
successor Trustee under Section 6.11.

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

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

     (d) If at any time:

     (1) the Trustee shall fail to comply with Section 6.08(a) with respect to the Debt
Securities of any series after written request therefor by the Company or by any Holder who
has been a bona fide Holder of a Debt Security of such series for at least six months, or

     (2) the Trustee shall cease to be eligible under Section 6.09 with respect to the Debt
Securities of any series and shall fail to resign after written request therefor by the
Company or by any such Holder, or

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

then, in any such case, (i) the Company by a Board Resolution may remove the Trustee with respect
to all Debt Securities, or (ii) subject to Section 5.14, any Holder who has been a bona fide Holder
of a Debt Security of any series for at least six months may, on behalf of himself and all others
similarly situated,

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petition any court of competent jurisdiction for the removal of the Trustee and the appointment of a
successor Trustee for the Debt Securities of such series.

     (e) If the Trustee shall resign, be removed or become incapable of acting, or if a vacancy
shall occur in the office of Trustee for any cause, with respect to the Debt Securities of one or
more series, the Company, by a Board Resolution, shall promptly appoint a successor Trustee or
Trustees with respect to the Debt Securities of that or those series (it being understood that any
such successor Trustee may be appointed with respect to the Debt Securities of one or more or all
of such series and that at any time there shall be only one Trustee with respect to the Debt
Securities of any particular series) and shall comply with the applicable requirements of Section
6.11. If, within one year after such resignation, removal or incapability, or the occurrence of
such vacancy, a successor Trustee with respect to the Debt Securities of any series shall be
appointed by Act of the Holders of a majority in principal amount of the Outstanding Debt
Securities of such series delivered to the Company and the retiring Trustee, the successor Trustee
so appointed shall, forthwith upon its acceptance of such appointment, become the successor Trustee
with respect to the Debt Securities of such series and to that extent supersede the successor
Trustee appointed by the Company. If no successor Trustee with respect to the Debt Securities of
any series shall have been so appointed by the Company or the Holders of such series and accepted
appointment in the manner hereinafter provided, any Holder who has been a bona fide Holder of a
Debt Security of such series for at least six months may, subject to Section 5.14, on behalf of
himself and all others similarly situated, petition any court of competent jurisdiction for the
appointment of a successor Trustee with respect to the Debt Securities of such series.

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

               Section 6.11. Acceptance of Appointment by Successor.

     (a) In the case of an appointment hereunder of a successor Trustee with respect to all Debt
Securities, each such successor Trustee so appointed shall execute, acknowledge and deliver to the
Company and to the retiring Trustee an instrument accepting such appointment, and thereupon the
resignation or removal of the retiring Trustee shall become effective and such successor Trustee,
without any further act, deed or conveyance, shall become vested with all the rights, powers,
trusts and duties of the retiring Trustee, but, on request of the Company or the successor Trustee,
such retiring Trustee shall, upon payment of its charges, execute and deliver an instrument
transferring to such successor Trustee all the rights, powers and trusts of the retiring Trustee,
and shall duly assign, transfer and deliver to such successor Trustee all property and money held
by such retiring Trustee hereunder, subject nevertheless to its claim, if any, provided for in
Section 6.07.

     (b) In case of the appointment hereunder of a successor Trustee with respect to the Debt
Securities of one or more (but not all) series, the Company, the retiring Trustee and each
successor Trustee with respect to the Debt Securities of one or more series shall execute and
deliver an indenture supplemental hereto wherein each successor Trustee shall accept such
appointment and which (1) shall contain such provisions as shall be necessary or desirable to
transfer and confirm to, and to vest in, each successor Trustee all the rights, powers, trusts and
duties of the retiring Trustee with respect to the Debt 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 Debt Securities, shall contain such provisions as shall be deemed necessary or
desirable to confirm that all the rights, powers, trusts and duties of the retiring Trustee with

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

     (c) Upon request of any such successor Trustee, the Company shall execute any and all
instruments for more fully and certainly vesting in and confirming to such successor Trustee all
such rights, powers and trusts referred to in paragraph (a) or (b) of this Section 6.11, as the
case may be.

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

               Section 6.12. Merger, Conversion, Consolidation or Succession to Business.

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

               Section 6.13. Preferential Collection of Claims Against Company.

     The Trustee, in its capacity as Trustee hereunder, shall comply with Trust Indenture Act §
311(a), excluding any creditor relationship listed in Trust Indenture Act § 311(b). A Trustee who
has resigned or been removed shall be subject to Trust Indenture Act § 311(a) to the extent
indicated therein.

               Section 6.14. Appointment of Authenticating Agent.

     As long as any Debt Securities of a series remain Outstanding, upon a Company Request, there
shall be an authenticating agent (the “Authenticating Agent”) appointed, for such period as the
Company shall elect, by the Trustee for such series of Debt Securities to act as its agent on its
behalf and subject to its direction in connection with the authentication and delivery of each
series of Debt Securities for which it is serving as Trustee. Debt Securities of each such series
authenticated by such Authenticating Agent

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shall be entitled to the benefits of this Indenture and shall be valid and obligatory for all
purposes as if authenticated by such Trustee. Wherever reference is made in this Indenture to the
authentication and delivery of Debt Securities of any series by the Trustee for such series or to
the Trustee’s Certificate of Authentication, such reference shall be deemed to include
authentication and delivery on behalf of the Trustee for such series by an Authenticating Agent for
such series and a Certificate of Authentication executed on behalf of such Trustee by such
Authenticating Agent, except that only the Trustee may authenticate Debt Securities upon original
issuance and pursuant to Section 3.06 hereof. Such Authenticating Agent shall at all times be a
corporation organized and doing business under the laws of the United States of America or of any
State, authorized under such laws to exercise corporate trust powers, having a combined capital and
surplus of at least $10,000,000 and subject to supervision or examination by Federal or State
authority. If such Authenticating Agent publishes reports of condition at least annually, pursuant
to law or to the requirements of said supervising or examining authority, then for purposes of this
Section 6.14, the combined capital and surplus of such Authenticating Agent shall be deemed to be
its combined capital and surplus as set forth in its most recent report of condition so published.
If at any time an Authenticating Agent shall cease to be eligible in accordance with the provisions
of this Section 6.14, such Authenticating Agent shall resign immediately in the manner and with the
effect specified in this Section 6.14.

     Any corporation into which any Authenticating Agent may be merged or converted, or with which
it may be consolidated, or any corporation resulting from any merger, conversion or consolidation
to which any Authenticating Agent shall be a party, or any corporation succeeding to the corporate
agency business of any Authenticating Agent, shall continue to be the Authenticating Agent with
respect to all series of Debt Securities for which it served as Authenticating Agent without the
execution or filing of any paper or any further act on the part of the Trustee for such series or
such Authenticating Agent. Any Authenticating Agent may at any time, and if it shall cease to be
eligible shall, resign by giving written notice of resignation to the applicable Trustee and to the
Company.

     Upon receiving such a notice of resignation or upon such a termination, or in case at any time
any Authenticating Agent shall cease to be eligible in accordance with the provisions of this
Section 6.14 with respect to one or more or all series of Debt Securities, the Trustee for such
series shall upon a Company Request appoint a successor Authenticating Agent, and the Company shall
provide notice of such appointment to all Holders of Debt Securities of such series in the manner
and to the extent provided in Section 1.05. Any successor Authenticating Agent upon acceptance of
its appointment hereunder shall become vested with all rights, powers, duties and responsibilities
of its predecessor hereunder, with like effect as if originally named as Authenticating Agent
herein. The Trustee for the Debt Securities of such series agrees to pay to the Authenticating
Agent for such series from time to time reasonable compensation for its services, and the Trustee
shall be entitled to be reimbursed for such payment, subject to the provisions of Section 6.07.
The Authenticating Agent for the Debt Securities of any series shall have no responsibility or
liability for any action taken by it as such at the direction of the Trustee for such series.

     If an appointment with respect to one or more series is made pursuant to this Section 6.14,
the Debt Securities of such series may have endorsed thereon, in addition to the Trustee’s
certificate of authentication, an alternative certificate of authentication in the following form:

     This is one of the series of Debt Securities issued under the within mentioned Indenture.

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	 	As Trustee	 	 

	 	 	 	 	 
	 	 	 
	 	By:  	
 	 
	 	 	As Authenticating Agent 	 
	 	 	 	 
	 	 	 
	 	By:  	
 	 
	 	 	Authorized Signatory 	 

ARTICLE SEVEN

HOLDERS’ LISTS AND REPORTS BY TRUSTEE AND COMPANY

               Section 7.01. Company to Furnish Trustee Names and Addresses of Holders.

     The Company will furnish or cause to be furnished to the Trustee with respect to Registered
Securities of each series for which it acts as Trustee:

     (a) semi-annually on a date not more than 15 days after each Regular Record Date with
respect to an Interest Payment Date, if any, for the Registered Securities of such series
(or on semi-annual dates in each year to be determined pursuant to Section 3.01 if the
Registered Securities of such series do not bear interest), a list, in such form as the
Trustee may reasonably require, of the names and addresses of the Registered Holders as of
the date 15 days next preceding each such Regular Record Date (or such semi-annual dates, as
the case may be); and

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

provided, however, that if and so long as the Trustee shall be the Registrar for
such series, no such list need be furnished.

               Section 7.02. Preservation of Information; Communication to Holders.

     (a) The Trustee shall preserve, in as current a form as is reasonably practicable, all
information as to the names and addresses of Holders contained in the most recent list furnished to
the Trustee as provided in Section 7.01 received by it in the capacity of Paying Agent (if so
acting) hereunder.

     The Trustee may destroy any list furnished to it as provided in Section 7.01 upon receipt of a
new list so furnished, destroy any information received by it as Paying Agent (if so acting)
hereunder upon delivering to itself as Trustee, not earlier than 45 days after an Interest Payment
Date, a list containing the names and addresses of the Holders obtained from such information since
the delivery of the next previous list, if any, and destroy any list delivered to itself as Trustee
which was compiled from information received by it as Paying Agent (if so acting) hereunder upon
the receipt of a new list so delivered.

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     (b) If three or more Holders (hereinafter referred to as “applicants”) apply in writing to the
Trustee, and furnish to the Trustee reasonable proof that each such applicant has owned a Debt
Security for a period of at least six months preceding the date of such application, and such
application states that the applicants desire to communicate with other Holders of Debt Securities
of a particular series (in which case the applicants must hold Debt Securities of such series) or
with all Holders of Debt Securities with respect to their rights under this Indenture or under the
Debt Securities and is accompanied by a copy of the form of proxy or other communication which such
applicants propose to transmit, then the Trustee shall, within five Business Days after the receipt
of such application, at its election, either

     (i) afford such applicants access to the information preserved at the time by the
Trustee in accordance with Section 7.02(a), or

     (ii) inform such applicants as to the approximate number of Holders of Debt Securities
of such series or of all Debt Securities, as the case may be, whose names and addresses
appear in the information preserved at the time by the Trustee in accordance with Section
7.02(a), and as to the approximate cost of mailing to such Holders the form of proxy or
other communication, specified in such application.

     If the Trustee shall elect not to afford such applicants access to such information, the
Trustee shall, upon written request of such applicants, mail to the Holders of Debt Securities of
such series or all Holders, as the case may be, whose names and addresses appear in the information
preserved at the time by the Trustee in accordance with Section 7.02(a), a copy of the form of
proxy or other communication which is specified in such request, with reasonable promptness after a
tender to the Trustee of the material to be mailed and of payment, or provision for the payment, of
the reasonable expenses of mailing, unless within five days after such tender, the Trustee shall
mail to such applicants and file with the Commission, together with a copy of the material to be
mailed, a written statement to the effect that, in the opinion of the Trustee, such mailing would
be contrary to the best interests of the Holders of Debt Securities of such series or all Holders,
as the case may be, or would be in violation of applicable law. Such written statement shall
specify the basis of such opinion. If the Commission, after opportunity for a hearing upon the
objections specified in the written statement so filed, shall enter an order refusing to sustain
any of such objections or if after the entry of an order sustaining one or more of such objections,
the Commission shall find, after notice and opportunity for hearing, that all the objections so
sustained have been met and shall enter an order so declaring, the Trustee shall mail copies of
such material to all such Holders with reasonable promptness after the entry of such order and the
renewal of such tender; otherwise the Trustee shall be relieved of any obligation or duty to such
applicants respecting their application.

     (c) Every Holder of Debt Securities, by receiving and holding the same, agrees with the
Company and the Trustee that neither the Company nor the Trustee shall be held accountable by
reason of the disclosure of any such information as to the names and addresses of the Holders in
accordance with Section 7.02(b), regardless of the source from which such information was derived,
and that the Trustee shall not be held accountable by reason of mailing of any material pursuant to
a request made under Section 7.02(b).

               Section 7.03. Reports by Trustee.

     (a) Within 60 days after May 15 of each year, commencing May 15, 2011, the Trustee shall, to
the extent required by the Trust Indenture Act, transmit to all Holders of Debt Securities of any
series with respect to which it acts as Trustee, in the manner hereinafter provided in this Section
7.03, a brief report dated such date with respect to any of the following events which may have
occurred within the previous 12 months (but if no such event has occurred within such period no
report need be transmitted):

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     (1) any change to its eligibility under Section 6.09 and its qualifications under
Section 6.08;

     (2) the creation of or any material change to a relationship specified in paragraph (1)
through (10) of Section 6.08(c) of this Indenture;

     (3) the character and amount of any advances (and if the Trustee elects so to state,
the circumstances surrounding the making thereof) made by the Trustee (as such) which remain
unpaid on the date of such report, and for the reimbursement of which it claims or may claim
a lien or charge, prior to that of the Debt Securities of such series, on any property or
funds held or collected by it as Trustee, except that the Trustee shall not be required (but
may elect) to report such advances if such advances so remaining unpaid aggregate not more
than 1/2 of 1% of the principal amount of the Outstanding Debt Securities of such series on
the date of such report;

     (4) any change to the amount, interest rate and maturity date of all other indebtedness
owing by the Company (or any other obligor on the Debt Securities of such series) to the
Trustee in its individual capacity, on the date of such report, with a brief description of
any property held as collateral security therefor, except an indebtedness based upon a
creditor relationship arising in any manner described in Section 6.13(b)(2), (3), (4) or
(6);

     (5) any change to the property and funds, if any, physically in the possession of the
Trustee as such on the date of such report;

     (6) any additional issue of Debt Securities which the Trustee has not previously
reported; and

     (7) any action taken by the Trustee in the performance of its duties hereunder which it
has not previously reported and which in its opinion materially affects the Debt Securities
of such series, except action in respect of a default, notice of which has been or is to be
withheld by the Trustee in accordance with Section 6.02.

     (b) The Trustee shall transmit by mail to all Holders of Debt Securities of any series (whose
names and addresses appear in the information preserved at the time by the Trustee in accordance
with Section 7.02 (a)) for which it acts as the Trustee, as hereinafter provided, a brief report
with respect to the character and amount of any advances (and if the Trustee elects so to state,
the circumstances surrounding the making thereof) made by the Trustee (as such) since the date of
the last report transmitted pursuant to subsection (a) of this Section 7.03 (or if no such report
has yet been so transmitted, since the date of execution of this instrument) for the reimbursement
of which it claims or may claim a lien or charge, prior to that of the Debt Securities of such
series, on property or funds held or collected by it as Trustee, and which it has not previously
reported pursuant to this subsection, except that the Trustee for each series shall not be required
(but may elect) to report such advances if such advances remaining unpaid at any time aggregate 10%
or less of the principal amount of the Debt Securities of such series Outstanding at such time,
such report to be transmitted within 90 days after such time.

     (c) Reports pursuant to this Section 7.03 shall be transmitted by mail:

     (1) to all Holders of Registered Securities, as the names and addresses of such Holders
of Registered Securities appear in the Register; and

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     (2) except in the cases of reports pursuant to subsection (b) of this Section 7.03, to
each Holder of a Debt Security of any series whose name and address appear in the
information preserved at the time by the Trustee in accordance with Section 7.02(a).

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

               Section 7.04. Reports by Company.

     Unless otherwise specified with respect to a particular series of Debt Securities pursuant to
Section 3.01, the Company will:

     (1) file with the Trustee, within 15 days after the Company is required to file the
same with the Commission, 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 Commission may from
time to time by rules and regulations prescribe) which the Company may be required to file
with the Commission pursuant to Section 13 or Section 15(d) of the Exchange, as amended.
Notwithstanding that the Company may not be required to remain subject to the reporting
requirements of Section 13 or 15(d) of the Exchange Act or otherwise report on an annual and
quarterly basis on forms provided for such annual and quarterly reporting pursuant to rules
and regulations promulgated by the Commission, the Company shall continue to file with the
Commission and provide the Trustee and the Holders of each series of Debt Securities with,
without cost to each Holder, (a) within 90 days after the end of each fiscal year, annual
reports on Form 10-K (or any successor or comparable form) containing the information
required (other than pursuant to Item 9 of such report) to be contained therein (or required
in such successor or comparable form); (b) within 45 days after the end of each of the first
three fiscal quarters of each fiscal year, reports on Form 10-Q (or any successor or
comparable form); and (c) promptly from time to time after the occurrence of an event
required to be therein reported, such other reports on Form 8-K (or any successor or
comparable form) containing the information required to be contained therein (or required in
any successor or comparable form); provided, however, that the Company shall
not be obligated to file such reports with the Commission if the Commission does not permit
such filings. The Company will in all cases, without cost to each recipient, provide copies
of such information to the Holders of the Debt Securities of each series and, if they are
not permitted to file such reports with the Commission, shall make available information to
prospective purchasers and to securities analysts and broker-dealers upon their request;

     (2) file with the Trustee and the Commission, in accordance with rules and regulations
prescribed from time to time by the Commission, such additional information, documents and
reports with respect to compliance by the Company with the conditions and covenants of this
Indenture as may be required from time to time by such rules and regulations; and

     (3) transmit to all Holders of Debt Securities, in the manner and to the extent
provided in Section 7.03, within 30 days after the filing thereof with the Trustee, such
summaries of any information, documents and reports required to be filed by the Company
pursuant to paragraphs (1) and (2) of this Section 7.04 as may be required by rules and
regulations prescribed from time to time by the Commission.

     Notwithstanding the foregoing, to the extent the Company files the information and reports
referred to in clauses (1), (2) and (3) above with the Commission and such information is publicly
available

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on the Internet, the Company shall be deemed to be in compliance with its obligations to
furnish such information.

ARTICLE EIGHT

CONCERNING THE HOLDERS

               Section 8.01. Acts of Holders.

     Any request, demand, authorization, direction, notice, consent, waiver or other action
provided by this Indenture to be given or taken by Holders may be embodied in and evidenced by one
or more instruments of substantially similar tenor signed by such Holders in person or by an agent
or proxy duly appointed in writing; and, except as herein otherwise expressly provided, such action
shall become effective when such instrument or instruments are delivered to the Trustee, and, where
it is hereby expressly required, to the Company. Such instrument or instruments (and the action
embodied therein and evidenced thereby) are herein sometimes referred to as the “Act” of the
Holders signing such instrument or instruments. Whenever in this Indenture it is provided that the
Holders of a specified percentage in aggregate principal amount of the Outstanding Debt Securities
of any series may take any Act, the fact that the Holders of such specified percentage have joined
therein may be evidenced (a) by the instrument or instruments executed by Holders in person or by
agent or proxy appointed in writing, or (b) by the record of Holders voting in favor thereof at any
meeting of such Holders duly called and held in accordance with the provisions of Article Nine, or
(c) by a combination of such instrument or instruments and any such record of such a meeting of
Holders.

               Section 8.02. Proof of Ownership; Proof of Execution of Instruments by Holder.

     The ownership of Registered Securities of any series shall be proved by the Register for such
series or by a certificate of the Registrar for such series.

     Subject to the provisions of Sections 6.01, 6.03 and 9.05, proof of the execution of any
instrument by a Holder or such Holder’s agent shall be sufficient if made in accordance with such
reasonable rules and regulations as may be prescribed by the Trustee or in such manner as shall be
satisfactory to the Trustee.

     The record of any Holders’ meeting shall be proved in the manner provided in Section 9.06.

     The Trustee may in any instance require further proof with respect to any of the matters
referred to in this Section 8.02 so long as the request is a reasonable one.

               Section 8.03. Persons Deemed Owners.

     The Company, the Trustee and any agent of the Company or the Trustee may treat the Person in
whose name any Registered Security is registered as the owner of such Registered Security for the
purpose of receiving payment of the principal of (and premium, if any) and (subject to Section
3.07) interest, if any, on such Registered Security and for all other purposes whatsoever, whether
or not such Registered Security be overdue, and neither the Company, the Trustee nor any agent of
the Company or the Trustee shall be affected by notice to the contrary. All payments made to any
Holder, or upon his order, shall be valid, and, to the extent of the sum or sums paid, effectual to
satisfy and discharge the liability for moneys payable upon such Debt Security.

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               Section 8.04. Revocation of Consents; Future Holders Bound.

     At any time prior to (but not after) the evidencing to the Trustee, as provided in Section
8.01, of the taking of any Act by the Holders of the percentage in aggregate principal amount of
the Outstanding Debt Securities specified in this Indenture in connection with such Act, any Holder
of a Debt Security the number, letter or other distinguishing symbol of which is shown by the
evidence to be included in the Debt Securities the Holders of which have consented to such Act may,
by filing written notice with the Trustee at the Corporate Trust Office and upon proof of ownership
as provided in Section 8.02, revoke such Act so far as it concerns such Debt Security. Except as
aforesaid, any such Act taken by the Holder of any Debt Security shall be conclusive and binding
upon such Holder and, subject to the provisions of Section 5.08, upon all future Holders of such
Debt Security and of any Debt Securities issued on transfer or in lieu thereof or in exchange or
substitution therefor, irrespective of whether or not any notation in regard thereto is made upon
such Debt Security or such other Debt Securities.

ARTICLE NINE

HOLDERS’ MEETINGS

               Section 9.01. Purposes of Meetings.

     A meeting of Holders of any or all series may be called at any time and from time to time
pursuant to the provisions of this Article Nine for any of the following purposes:

     (1) to give any notice to the Company or to the Trustee for such series, or to give any
directions to the Trustee for such series, or to consent to the waiving of any default
hereunder and its consequences, or to take any other action authorized to be taken by
Holders pursuant to any of the provisions of Article Five;

     (2) to remove the Trustee for such series and appoint a successor Trustee pursuant to
the provisions of Article Six;

     (3) to consent to the execution of an indenture or indentures supplemental hereto
pursuant to the provisions of Section 11.02; or

     (4) to take any other action authorized to be taken by or on behalf of the Holders of
any specified aggregate principal amount of the Outstanding Debt Securities of any one or
more or all series, as the case may be, under any other provision of this Indenture or under
applicable law.

               Section 9.02. Call of Meetings by Trustee.

     The Trustee for any series may at any time call a meeting of Holders of such series to take
any action specified in Section 9.01, to be held at such time or times and at such place or places
as the Trustee for such series shall determine. Notice of every meeting of the Holders of any
series, setting forth the time and the place of such meeting and in general terms the action
proposed to be taken at such meeting, shall be given to Holders of such series in the manner and to
the extent provided in Section 1.05. Such notice shall be given not less than 10 days nor more
than 90 days prior to the date fixed for the meeting.

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               Section 9.03. Call of Meetings by Company or Holders.

     In case at any time the Company, pursuant to a Board Resolution, or the Holders of at least
10% in aggregate principal amount of the Outstanding Debt Securities of a series or of all series,
as the case may be, shall have requested the Trustee for such series to call a meeting of Holders
of any or all such series by written request setting forth in reasonable detail the action proposed
to be taken at the meeting, and the Trustee shall not have given the notice of such meeting within
10 days after the receipt of such request, then the Company or such Holders may determine the time
or times and the place or places for such meetings and may call such meetings to take any action
authorized in Section 9.01, by giving notice thereof as provided in Section 9.02.

               Section 9.04. Qualifications for Voting.

     To be entitled to vote at any meeting of Holders a Person shall be (a) a Holder of a Debt
Security of the series with respect to which such meeting is being held or (b) a Person appointed
by an instrument in writing as agent or proxy by such Holder. The only Persons who shall be
entitled to be present or to speak at any meeting of Holders shall be the Persons entitled to vote
at such meeting and their counsel and any representatives of the Trustee for the series with
respect to which such meeting is being held and its counsel and any representatives of the Company
and its counsel.

               Section 9.05. Regulations.

     Notwithstanding any other provisions of this Indenture, the Trustee for any series may make
such reasonable regulations as it may deem advisable for any meeting of Holders of such series, in
regard to proof of the holding of Debt Securities of such series and of the appointment of proxies,
and in regard to the appointment and duties of inspectors of votes, the submission and examination
of proxies, certificates and other evidence of the right to vote, and such other matters concerning
the conduct of the meeting as it shall deem appropriate.

     The Trustee shall, by an instrument in writing, appoint a temporary chairman of the meeting,
unless the meeting shall have been called by the Company or by Holders of such series as provided
in Section 9.03, in which case the Company or the Holders calling the meeting, as the case may be,
shall in like manner appoint a temporary chairman. A permanent chairman and a permanent secretary
of the meeting shall be elected by a majority vote of the meeting.

     Subject to the provisos in the definition of “Outstanding,” at any meeting each Holder of a
Debt Security of the series with respect to which such meeting is being held or proxy therefor
shall be entitled to one vote for each $1,000 principal amount (or such other amount as shall be
specified as contemplated by Section 3.01) of Debt Securities of such series held or represented by
him; provided, however, that no vote shall be cast or counted at any meeting in
respect of any Debt Security challenged as not Outstanding and ruled by the chairman of the meeting
to be not Outstanding. The chairman of the meeting shall have no right to vote other than by
virtue of Outstanding Debt Securities of such series held by him or instruments in writing duly
designating him as the person to vote on behalf of Holders of Debt Securities of such series. Any
meeting of Holders with respect to which a meeting was duly called pursuant to the provisions of
Section 9.02 or 9.03 may be adjourned from time to time by a majority of such Holders present and
the meeting may be held as so adjourned without further notice.

               Section 9.06. Voting.

     The vote upon any resolution submitted to any meeting of Holders with respect to which such
meeting is being held shall be by written ballots on which shall be subscribed the signatures of
such

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Holders or of their representatives by proxy and the serial number or numbers of the Debt
Securities held or represented by them. The permanent chairman of the meeting shall appoint two
inspectors of votes who shall count all votes cast at the meeting for or against any resolution and
who shall make and file with the secretary of the meeting their verified written reports in
duplicate of all votes cast at the meeting. A record in duplicate of the proceedings of each
meeting of Holders shall be taken and there shall be attached to said record the original reports
of the inspectors of votes on any vote by ballot taken thereat and affidavits by one or more
persons having knowledge of the facts setting forth a copy of the notice of the meeting and showing
that said notice was transmitted as provided in Section 9.02. The record shall show the serial
numbers of the Debt Securities voting in favor of or against any resolution. The record shall be
signed and verified by the affidavits of the permanent chairman and secretary of the meeting and
one of the duplicates shall be delivered to the Company and the other to the Trustee to be
preserved by the Trustee.

     Any record so signed and verified shall be conclusive evidence of the matters therein stated.

               Section 9.07. No Delay of Rights by Meeting.

     Nothing contained in this Article Nine shall be deemed or construed to authorize or permit, by
reason of any call of a meeting of Holders or any rights expressly or impliedly conferred hereunder
to make such call, any hindrance or delay in the exercise of any right or rights conferred upon or
reserved to the Trustee or to any Holder under any of the provisions of this Indenture or of the
Debt Securities of any series.

ARTICLE TEN

CONSOLIDATION, MERGER, CONVEYANCE, TRANSFER OR LEASE

               Section 10.01. Company May Consolidate, etc., Only on Certain Terms.

     The Company shall not consolidate with or merge with or into or wind up into (whether or not
the Company is the surviving corporation) or sell, assign, convey, transfer or lease its properties
and assets substantially as an entirety to any Person, unless:

     (1) the corporation formed by such consolidation or into which the Company is merged or
the Person which acquires by conveyance or transfer, or which leases, the properties and
assets of the Company substantially as an entirety (the “successor corporation”) shall be a
corporation organized and existing under the laws of the United States or any State or
territory thereof or the District of Columbia and shall expressly assume, by an indenture
supplemental hereto, executed and delivered to the Trustee, in form satisfactory to the
Trustee, the due and punctual payment of the principal of (and premium, if any) and interest
on all the Debt Securities and the performance of every covenant of this Indenture on the
part of the Company to be performed or observed;

     (2) immediately after giving effect to such transaction, no Event of Default, and no
event which, after notice or lapse of time, or both, would become an Event of Default, shall
have happened and be continuing;

     (3) the Company has delivered to the Trustee an Officers’ Certificate and an Opinion of
Counsel each stating that such consolidation, merger, conveyance, transfer or lease and such
supplemental indenture comply with this Article and that all conditions precedent herein
provided for relating to such transaction have been complied with; and

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     (4) such other conditions as may be specified under Section 3.01 with respect to any
series of Debt Securities.

          Section 10.02. Successor Corporation Substituted.

     Upon any consolidation with or merger into any other corporation, or any conveyance, transfer
or lease of the properties and assets of the Company substantially as an entirety in accordance
with Section 10.01, the successor corporation formed by such consolidation or into which the
Company is merged or to which such conveyance, transfer or lease is made shall succeed to, and be
substituted for, and may exercise every right and power of, the Company under this Indenture with
the same effect as if such successor corporation had been named as the Company herein.

ARTICLE ELEVEN

SUPPLEMENTAL INDENTURES

               Section 11.01. Supplemental Indentures Without Consent of Holders.

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

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

     (2) to provide for uncertificated Debt Securities of a particular series in addition to
or in place of certificated Debt Securities of such series; or

     (3) to provide for the assumption of the Company’s obligations to Holders of Debt
Securities in the case of a merger or consolidation or sale of all or substantially all of
the Company’s assets; or

     (4) to make any change that would provide any additional rights or benefits to the
Holders of Debt Securities or that does not adversely affect in any material respect the
legal rights under this Indenture of any such Holder; or

     (5) to add any Person as a Guarantor; or

     (6) to comply with any requirements of the Commission in order to effect or maintain
the qualification of this Indenture under the Trust Indenture Act; or

     (7) to remove a Guarantor which, in accordance with the terms of this Indenture, ceases
to be liable in respect of its Guarantee; or

     (8) to evidence and provide for the acceptance of appointment under this Indenture by a
successor Trustee; or

     (9) to secure all of the Debt Securities of a particular series (subject to compliance
with the covenants applicable to each other series of Debt Securities); or

     (10) to add to the covenants of the Company or any Guarantor for the benefit of the
Holders or to surrender any right or power conferred upon the Company or any Guarantor; or

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     (11) to establish the form or terms of Debt Securities of any series as permitted by
Sections 2.01 and 3.01.

               Section 11.02. Supplemental Indentures With Consent of Holders.

     (a) With respect to Debt Securities of any series, subject to Sections 5.08 and 11.02(b), this
Indenture, the Debt Securities of such series and the Guarantees of such series of Debt Securities
may be amended or supplemented with the consent of the Holders of a majority in principal amount of
Outstanding Debt Securities of such series (including, without limitation, consents obtained in
connection with a purchase of, or tender offer or exchange offer for, such series of Debt
Securities) and, subject to Sections 5.08 and 11.02(b), any past default or compliance with any
provisions may be waived with the consent of the Holders of a majority in principal amount of
Outstanding Debt Securities of such series (including, without limitation, consents obtained in
connection with a purchase of, or tender offer or exchange offer for, such Debt Securities).

     (b) Notwithstanding Section 11.02(a), without the consent of each Holder affected, an
amendment or waiver may not (with respect to any Debt Securities held by a non-consenting Holder):

     (1) reduce the principal amount of Debt Securities of such series whose Holders must
consent to an amendment, supplement or waiver, including the waiver of Defaults or Events of
Default, or to a rescission and cancellation of a declaration of acceleration of Debt
Securities of such series;

     (2) reduce the rate of or change or have the effect of changing the time for
payment of interest, including Defaulted Interest, on Debt Securities of such series;

     (3) reduce the principal of or change or have the effect of changing the fixed
maturity of Debt Securities of such series, or change the date on which Debt
Securities of such series may be subject to redemption, or reduce the redemption
price therefor;

     (4) make Debt Securities of such series payable in money other than that
stated in Debt Securities of such series;

     (5) make any change in the provisions of this Indenture protecting the right of each
Holder to receive payment of principal of and interest on Debt Securities of such
series on or after the due date thereof or to bring suit to enforce such payment;

     (6) waive a default in the payment of principal of or interest on Debt Securities
of such series; provided that this clause (6) shall not limit the right of the Holders of a
majority in aggregate principal amount of the Outstanding Debt Securities of such series to
rescind and cancel a declaration of acceleration of Debt Securities of such series following
delivery of an acceleration notice as described under Section 5.02;

     (7) contractually subordinate Debt Securities of such series (or any related
Guarantees) to any other Indebtedness; or

     (8) conflict with the required provisions of the Trust Indenture Act; or

     (9) modify any of the provisions of Section 11.02, Section 5.13 or Section 12.06,
except to increase any such percentage or to provide that certain other provisions of this
Indenture cannot be modified or waived without the consent of the Holder of each Outstanding
Debt Security

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of each series affected thereby; provided, however, that this
clause shall not be deemed to require the consent of any Holder with respect to changes in
the references to “the Trustee” and concomitant changes in this Section 11.02 and Section
12.06, or the deletion of this proviso, in accordance with the requirements of Section 6.11.

     (c) It shall not be necessary for any Act of Holders under this Section 11.02 to approve the
particular form of any proposed supplemental indenture, but it shall be sufficient if such Act
shall approve the substance thereof.

     (d) A supplemental indenture which changes or eliminates any covenant or other provision of
this Indenture with respect to one or more particular series of Debt Securities or which modifies
the rights of the Holders of Debt Securities of such series with respect to such covenant or other
provision, shall be deemed not to affect the rights under this Indenture of the Holders of Debt
Securities of any other series.

               Section 11.03. Execution of Supplemental Indentures.

     In executing, or accepting the additional trusts created by, any supplemental indenture
permitted by this Article or the modifications thereby of the trusts created by this Indenture, the
Trustee shall be entitled to receive, and (subject to Section 6.01) shall be fully protected in
relying upon, an Opinion of Counsel stating that the execution of such supplemental indenture is
authorized or permitted by this Indenture. The Trustee may, but shall not be obligated to, enter
into any such supplemental indenture which adversely affects the Trustee’s own rights, duties or
immunities under this Indenture or otherwise in a material way.

               Section 11.04. Effect of Supplemental Indentures.

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

               Section 11.05. Conformity with Trust Indenture Act.

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

               Section 11.06. Reference in Debt Securities to Supplemental Indentures.

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

               Section 11.07. Notice of Supplemental Indenture.

     Promptly after the execution by the Company and the appropriate Trustee of any supplemental
indenture pursuant to Section 11.02, the Company shall transmit, in the manner and to the extent
provided

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in Section 1.05, to all Holders of any series of the Debt Securities affected thereby, a
notice setting forth in general terms the substance of such supplemental indenture.

ARTICLE TWELVE

COVENANTS

               Section 12.01. Payment of Principal, Premium and Interest.

     The Company, for the benefit of each series of Debt Securities, will duly and punctually pay
or cause to be paid the principal of, and premium, if any, and interest on, each of the Debt
Securities at the place, at the respective times and in the manner provided herein. Each
installment of interest on the Debt Securities may at the Company’s option be paid by mailing
checks for such interest payable to the Person entitled thereto to the address of such Person as it
appears on the Register.

               Section 12.02. Officer’s Certificate as to Default.

     Unless otherwise specifically provided for with respect to any series of Debt Securities under
Section 3.01, (a) the Company shall provide an Officers’ Certificate to the Trustee promptly upon
any officer of the Company obtaining knowledge of any Default or Event of Default that has occurred
and, if applicable, describe such Default or Event of Default and the status thereof and (b) the
Company will deliver to the Trustee, on or before a date not more than four months after the end of
each fiscal year of the Company ending after the date hereof, a certificate of the principal
executive officer, principal financial officer or principal accounting officer of the Company
stating whether or not to the best knowledge of the signer thereof the Company is in compliance
with all covenants and conditions under this Indenture, and, if any Default or Event of Default
shall have occurred, specifying all such Defaults and Events of Default and the nature thereof of
which such signer may have knowledge. For purposes of this Section 12.02, such compliance shall be
determined without regard to any period of grace or requirement of notice provided under this
Indenture.

               Section 12.03. Maintenance of Office or Agency.

     If Debt Securities of a series are issuable only as Registered Securities, the Company will
maintain in each Place of Payment for such series an office or agency where Debt Securities of that
series may be presented or surrendered for payment, where Debt Securities of that series may be
surrendered for registration of transfer or exchange, where Debt Securities of that series that are
convertible may be surrendered for conversion, if applicable, and where notices and demands to or
upon the Company in respect of the Debt Securities of that series and this Indenture may be served.
The Company will give prompt written notice to the Trustee of the location, and any change in the
location, of such office or agency. If at any time the Company shall fail to maintain any such
required office or agency or shall fail to furnish the Trustee with the address thereof, such
presentations, surrenders, notices and demands may be made or served at the Corporate Trust Office
of the Trustee, and the Company hereby appoints the Trustee as its agent to receive all
presentations, surrenders, notices and demands.

     The Company may also from time to time designate different or additional offices or agencies
to be maintained for such purposes (in or outside of such Place of Payment), and may from time to
time rescind any such designations; provided, however, that no such designation or
rescission shall in any manner relieve the Company of its obligations described in the preceding
paragraph. The Company will give prompt written notice to the Trustee of any such additional
designation or rescission of designation and any change in the location of any such different or
additional office or agency.

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               Section 12.04. Money for Debt Securities; Payments To Be Held in Trust.

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

     Whenever the Company shall have one or more Paying Agents with respect to any series of Debt
Securities, it will, by or on each due date of the principal (and premium, if any) or interest on
any Debt Securities of such series, deposit with any such Paying Agent a sum sufficient to pay the
principal (and premium, if any) or interest so becoming due, such sum to be held in trust for the
benefit of the Persons entitled thereto, and (unless any such Paying Agent is the Trustee) the
Company will promptly notify the Trustee of its action or failure so to act.

     The Company will cause each Paying Agent with respect to any series of Debt Securities other
than the Trustee to execute and deliver to the Trustee an instrument in which such Paying Agent
shall agree with the Trustee, subject to the provisions of this Section 12.04, that such Paying
Agent will:

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

     (2) give the Trustee notice of any default by the Company (or any other obligor upon
the Debt Securities of such series) in the making of any payment of principal (and premium,
if any) or interest on the Debt Securities of such series; and

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

     The Company may at any time, for the purpose of obtaining the satisfaction and discharge of
this Indenture or for any other purpose, pay, or by Company Order direct any Paying Agent to pay,
to the Trustee all sums held in trust by the Company or such Paying Agent, such sums to be held by
the Trustee upon the same trusts as those upon which such sums were held by the Company or such
Paying Agent; and, upon such payment by any Paying Agent to the Trustee, such Paying Agent shall be
released from all further liability with respect to such money.

     Any money deposited with the Trustee or any Paying Agent, or then held by the Company, in
trust for the payment of the principal of (and premium, if any) or interest on any Debt Security of
any series and remaining unclaimed for two years after such principal (and premium, if any) or
interest has become due and payable shall be paid to the Company upon Company Request, or (if then
held by the Company) shall be discharged from such trust; and the Holder of such Debt Security
shall thereafter, as an unsecured general creditor, look only to the Company for payment thereof,
and all liability of the Trustee or such Paying Agent with respect to such trust money, and all
liability of the Company as trustee thereof, shall thereupon cease; provided,
however, that the Trustee or such Paying Agent, before being required to make any such
repayment, may at the expense of the Company cause to be transmitted in the manner and to the
extent provided by Section 1.05, notice that such money remains unclaimed and that, after a date
specified therein, which shall not be less than 30 days from the date of such notification, any
unclaimed balance of such money then remaining will be repaid to the Company.

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               Section 12.05. Corporate Existence.

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

               Section 12.06. Waiver of Certain Covenants

     With respect to Debt Securities of any series, subject to Sections 5.08 and 11.02(b), the
Company may omit in any particular instance to comply with any term, provision or condition set
forth in Section 12.05 (and, if so specified pursuant to Section 3.01, any other covenant not set
forth herein and specified pursuant to Section 3.01 to be applicable to the Debt Securities of such
series, except as otherwise provided pursuant to Section 3.01) with respect to the Debt Securities
of any series if before the time for such compliance the Holders of at least a majority in
principal amount of the Outstanding Debt Securities of such series shall, by Act of such Holders,
either waive such compliance in such instance or generally waive compliance with such term,
provision or condition, but no such waiver shall extend to or affect such term, provision or
condition except to the extent expressly so waived, and, until such waiver shall become effective,
the obligations of the Company and the duties of the Trustee in respect of any such term, provision
or condition shall remain in full force and effect.

ARTICLE THIRTEEN

REDEMPTION OF DEBT SECURITIES

               Section 13.01. Applicability of Article.

     Debt Securities of any series which are redeemable before their Maturity shall be redeemable
in accordance with their terms and (except as otherwise specified pursuant to Section 3.01 for Debt
Securities of any series) in accordance with this Article.

               Section 13.02. Election to Redeem; Notice to Trustee.

     The election of the Company to redeem any Debt Securities shall be evidenced by a Board
Resolution. In case of any redemption at the election of the Company of less than all of the Debt
Securities of any series pursuant to Section 13.03, the Company shall, at least 30 days before the
Redemption Date fixed by the Company (unless a shorter notice shall be satisfactory to the
Trustee), notify the Trustee of such Redemption Date and of the principal amount of Debt Securities
of such series to be redeemed. In the case of any redemption of Debt Securities prior to the
expiration of any restriction on such redemption provided in the terms of such Debt Securities or
elsewhere in this Indenture, the Company shall furnish the Trustee with an Officers’ Certificate
evidencing compliance with such restrictions.

               Section 13.03. Selection by Trustee of Debt Securities to Be Redeemed.

     Except in the case of a redemption in whole of the Registered Securities of such series, if
less than all the Debt Securities of any series are to be redeemed at the election of the Company,
the particular Debt Securities to be redeemed shall be selected not more than 60 days prior to the
Redemption Date by the Trustee, from the Outstanding Debt Securities of such series not previously
called for redemption, as follows (i) if the Debt Securities are listed, in compliance with the
requirements of the principal national

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securities exchange on which the Debt Securities are listed or (ii) if the Debt Securities are
not so listed, on a pro rata basis subject to adjustment for minimum denominations. The portions
of the principal amount of Debt Securities so selected for partial redemption shall be equal to the
minimum authorized denominations for Debt Securities of such series pursuant to Section 3.02 in the
Currency in which the Debt Securities of such series are denominated or any integral multiple
thereof, except as otherwise set forth in the applicable form of Debt Securities. In any case when
more than one Registered Security of such series is registered in the same name, the Trustee in its
discretion may treat the aggregate principal amount so registered as if it were represented by one
Registered Security of such series.

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

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

               Section 13.04. Notice of Redemption.

     Notice of redemption shall be given by the Company, or at the Company’s request, by the
Trustee in the name and at the expense of the Company, not less than 30 days and not more than 60
days prior to the Redemption Date to the Holders of Debt Securities of any series to be redeemed in
whole or in part pursuant to this Article Thirteen, in the manner provided in Section 1.05. Any
notice so given shall be conclusively presumed to have been duly given, whether or not the Holder
receives such notice. Failure to give such notice, or any defect in such notice to the Holder of
any Debt Security of a series designated for redemption, in whole or in part, shall not affect the
sufficiency of any notice of redemption with respect to the Holder of any other Debt Security of
such series.

     All notices of redemption shall state:

     (1) the Redemption Date,

     (2) the Redemption Price,

     (3) that Debt Securities of such series are being redeemed by the Company pursuant to
provisions contained in this Indenture or the terms of the Debt Securities of such series or
a supplemental indenture establishing such series, if such be the case, together with a
brief statement of the facts permitting such redemption,

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

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

     (6) the Place or Places of Payment where such Debt Securities are to be surrendered for
payment of the Redemption Price, and

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

               Section 13.05. Deposit of Redemption Price.

     On or prior to the Redemption Date for any Debt Securities, the Company shall deposit with the
Trustee or with a Paying Agent (or, if the Company is acting as its own Paying Agent, segregate and
hold in trust as provided in Section 12.04) an amount of money in the Currency or Currencies in
which such Debt Securities are denominated (except as provided pursuant to Section 3.01) sufficient
to pay the Redemption Price of such Debt Securities or any portions thereof which are to be
redeemed on that date.

               Section 13.06. Debt Securities Payable on Redemption Date.

     Notice of redemption having been given as aforesaid, any Debt Securities so to be redeemed
shall, on the Redemption Date, become due and payable at the Redemption Price in the Currency in
which the Debt Securities of such series are payable (except as otherwise specified pursuant to
Section 3.01 or 3.10), and from and after such date (unless the Company shall default in the
payment of the Redemption Price) such Debt Securities shall cease to bear interest. Upon surrender
of any such Debt Security for redemption in accordance with said notice, such Debt Security shall
be paid by the Company at the Redemption Price; provided, however, that, unless
otherwise specified as contemplated by Section 3.01, installments of interest on Registered
Securities which have a Stated Maturity on or prior to the Redemption Date for such Debt Securities
shall be payable according to the terms of such Debt Securities and the provisions of Section 3.07.

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

               Section 13.07. Debt Securities Redeemed in Part.

     Any Debt Security which is to be redeemed only in part shall be surrendered at the Corporate
Trust Office or such other office or agency of the Company as is specified pursuant to Section 3.01
with, if the Company, the Registrar or the Trustee so requires, due endorsement by, or a written
instrument of transfer in form satisfactory to the Company, the Registrar and the Trustee duly
executed by, the Holder thereof or his attorney duly authorized in writing, and the Company shall
execute, and the Trustee shall authenticate and deliver to the Holder of such Debt Security without
service charge, a new Debt Security or Debt Securities of the same series, of like tenor and form,
of any authorized denomination as requested by such Holder in aggregate principal amount equal to
and in exchange for the unredeemed portion of the principal of the Debt Security so surrendered.
In the case of a Debt Security providing appropriate space for such notation, at the option of the
Holder thereof, the Trustee, in lieu of delivering a new Debt Security or Debt Securities as
aforesaid, may make a notation on such Debt Security of the payment of the redeemed portion
thereof.

ARTICLE FOURTEEN

SINKING FUNDS

               Section 14.01. Applicability of Article.

     The provisions of this Article shall be applicable to any sinking fund for the retirement of
Debt Securities of a series except as otherwise specified pursuant to Section 3.01 for Debt
Securities of such series.

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     The minimum amount of any sinking fund payment provided for by the terms of Debt Securities of
any series is herein referred to as a “mandatory sinking fund payment,” and any payment in excess
of such minimum amount provided for by the terms of Debt Securities of any series is herein
referred to as an “optional sinking fund payment.” If provided for by the terms of Debt Securities
of any series, the amount of any cash sinking fund payment may be subject to reduction as provided
in Section 14.02. Each sinking fund payment shall be applied to the redemption of Debt Securities
of any series as provided for by the terms of Debt Securities of such series.

               Section 14.02. Satisfaction of Mandatory Sinking Fund Payments with Debt Securities.

     In lieu of making all or any part of a mandatory sinking fund payment with respect to any Debt
Securities of a series in cash, the Company may at its option, at any time no more than sixteen
months and no less than 45 days prior to the date on which such sinking fund payment is due,
deliver to the Trustee Debt Securities of such series theretofore purchased or otherwise acquired
by the Company, except Debt Securities of such series which have been redeemed through the
application of mandatory sinking fund payments pursuant to the terms of the Debt Securities of such
series, accompanied by a Company Order instructing the Trustee to credit such obligations and
stating that the Debt Securities of such series were originally issued by the Company by way of
bona fide sale or other negotiation for value, provided that such Debt Securities shall not
have been previously so credited. Such Debt Securities shall be received and credited for such
purpose by the Trustee at the Redemption Price specified in such Debt Securities for redemption
through operation of the sinking fund and the amount of such mandatory sinking fund payment shall
be reduced accordingly.

               Section 14.03. Redemption of Debt Securities for Sinking Fund.

     Not less than 60 days prior to each sinking fund payment date for any series of Debt
Securities (unless a shorter period shall be satisfactory to the Trustee), the Company will deliver
to the Trustee an Officers’ Certificate specifying the amount of the next ensuing sinking fund
payment for that series pursuant to the terms of that series, the portion thereof, if any, which is
to be satisfied by payment of cash in the Currency or Currencies in which the Debt Securities of
such series are denominated (except as provided pursuant to Section 3.01) and the portion thereof,
if any, which is to be satisfied by delivering and crediting Debt Securities of such series
pursuant to Section 14.02 and whether the Company intends to exercise its rights to make a
permitted optional sinking fund payment with respect to such series. Such certificate shall be
irrevocable and upon its delivery the Company shall be obligated to make the cash payment or
payments therein referred to, if any, on or before the next succeeding sinking fund payment date.
In the case of the failure of the Company to deliver such certificate, the sinking fund payment due
on the next succeeding sinking fund payment date for such series shall be paid entirely in cash and
shall be sufficient to redeem the principal amount of the Debt Securities of such series subject to
a mandatory sinking fund payment without the right to deliver or credit Debt Securities as provided
in Section 14.02 and without the right to make any optional sinking fund payment with respect to
such series at such time.

     Any sinking fund payment or payments (mandatory or optional) made in cash plus any unused
balance of any preceding sinking fund payments made with respect to the Debt Securities of any
particular series shall be applied by the Trustee (or by the Company if the Company is acting as
its own Paying Agent) on the sinking fund payment date on which such payment is made (or, if such
payment is made before a sinking fund payment date, on the sinking fund payment date immediately
following the date of such payment) to the redemption of Debt Securities of such series at the
Redemption Price specified in such Debt Securities with respect to the sinking fund. Any sinking
fund moneys not so applied or allocated by the Trustee (or by the Company if the Company is acting
as its own Paying Agent) to the

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redemption of Debt Securities shall be added to the next sinking fund payment received by the
Trustee (or if the Company is acting as its own Paying Agent, segregated and held in trust as
provided in Section 12.04) for such series and, together with such payment (or such amount so
segregated) shall be applied in accordance with the provisions of this Section 14.03. Any and all
sinking fund moneys with respect to the Debt Securities of any particular series held by the
Trustee (or if the Company is acting as its own Paying Agent, segregated and held in trust as
provided in Section 12.04) on the last sinking fund payment date with respect to Debt Securities of
such series and not held for the payment or redemption of particular Debt Securities of such series
shall be applied by the Trustee (or by the Company if the Company is acting as its own Paying
Agent), together with other moneys, if necessary, to be deposited (or segregated) sufficient for
the purpose, to the payment of the principal of the Debt Securities of such series at Maturity.

     The Trustee shall select or cause to be selected the Debt Securities to be redeemed upon such
sinking fund payment date in the manner specified in Section 13.03 and the Company shall cause
notice of the redemption thereof to be given in the manner provided in Section 13.04. Such notice
having been duly given, the redemption of such Debt Securities shall be made upon the terms and in
the manner stated in Section 13.06.

     On or before each sinking fund payment date, the Company shall pay to the Trustee (or, if the
Company is acting as its own Paying Agent, the Company shall segregate and hold in trust as
provided in Section 12.04) in cash a sum, in the Currency or Currencies in which Debt Securities of
such series are denominated (except as provided pursuant to Sections 3.01 or 3.10), equal to the
principal and any interest accrued to the Redemption Date for Debt Securities or portions thereof
to be redeemed on such sinking fund payment date pursuant to this Section 14.03.

     Neither the Trustee nor the Company shall redeem any Debt Securities of a series with sinking
fund moneys or mail any notice of redemption of Debt Securities of such series by operation of the
sinking fund for such series during the continuance of a default in payment of interest, if any, on
any Debt Securities of such series or of any Event of Default (other than an Event of Default
occurring as a consequence of this paragraph) with respect to the Debt Securities of such series,
except that if the notice of redemption shall have been provided in accordance with the provisions
hereof, the Trustee (or the Company, if the Company is then acting as its own Paying Agent) shall
redeem such Debt Securities if cash sufficient for that purpose shall be deposited with the Trustee
(or segregated by the Company) for that purpose in accordance with the terms of this Article.
Except as aforesaid, any moneys in the sinking fund for such series at the time when any such
default or Event of Default shall occur and any moneys thereafter paid into such sinking fund
shall, during the continuance of such default or Event of Default, be held as security for the
payment of the Debt Securities of such series; provided, however, that in case such
default or Event of Default shall have been cured or waived as provided herein, such moneys shall
thereafter be applied on or prior to the next sinking fund payment date for the Debt Securities of
such series on which such moneys may be applied pursuant to the provisions of this Section 14.03.

ARTICLE FIFTEEN

DEFEASANCE

               Section 15.01. Option to Effect Legal Defeasance or Covenant Defeasance.

     The Company may, at the option of its Board of Directors evidenced by a resolution set forth
in an Officers’ Certificate, at any time, elect to have either Section 15.02 or 15.03 applied to
all Outstanding Debt Securities of a particular series upon compliance with the conditions set
forth below in this Article 15.

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               Section 15.02. Legal Defeasance and Discharge.

     Upon the Company’s exercise under Section 15.01 of the option applicable to this Section 15.02
with respect to a series of Debt Securities, the Company shall, subject to the satisfaction of the
conditions set forth in Section 15.04, be deemed to have been discharged from its obligations with
respect to all Outstanding Debt Securities of such series (and all obligations of any Guarantors
with respect to any Guarantees shall be discharged) on the date the conditions set forth below are
satisfied (hereinafter, “Legal Defeasance”). For this purpose, Legal Defeasance means that the
Company shall be deemed to have paid and discharged the entire indebtedness represented by the
Outstanding Debt Securities of such series, which shall thereafter be deemed to be Outstanding only
for the purposes of Section 15.05 and to have satisfied all its other obligations under such
Outstanding Debt Securities of such series and any supplemental indenture relating thereto (and the
Trustee, on demand of and at the expense of the Company, shall execute proper instruments
acknowledging the same), except for the following provisions which shall survive until otherwise
terminated or discharged hereunder: (a) the rights of Holders of Outstanding Debt Securities to
receive payments in respect of the principal of, premium, if any, and interest on such Debt
Securities when such payments are due from the trust referred to in Section 15.04, (b) the
Company’s obligations with respect to the Debt Securities concerning issuing temporary Debt
Securities, registration of Debt Securities, mutilated, destroyed, lost or stolen Debt Securities
and the maintenance of an office or agency for payment and money for security payments held in
trust; (c) the rights, powers, trusts, duties and immunities of the Trustee, and the Company’s
obligations in connection therewith and (d) the provisions of this Article 15 with respect to Legal
Defeasance. Subject to compliance with this Article 15, the Company may exercise its option under
this Section 15.02 notwithstanding the prior exercise of its option under Section 15.03.

               Section 15.03. Covenant Defeasance.

     Upon the Company’s exercise under Section 15.01 of the option applicable to this
Section 15.03, the Company shall, subject to the satisfaction of the conditions set forth in
Section 15.04, be released from its obligations under the covenants contained in Sections 10.01
(and if so specified pursuant to Section 3.01, any other obligation of the Company or restrictive
covenant added for the benefit of such series pursuant to Section 3.01) with respect to the
Outstanding Debt Securities of such series on and after the date the conditions set forth in
Section 15.04 are satisfied (hereinafter, “Covenant Defeasance”), and such Debt Securities shall
thereafter be deemed not Outstanding for the purposes of any direction, waiver, consent or
declaration or act of Holders (and the consequences thereof) in connection with such covenants, but
shall continue to be deemed “outstanding” for all other purposes hereunder (it being understood
that it is intended that such Debt Securities shall not be deemed outstanding for accounting
purposes). For this purpose, Covenant Defeasance means that, with respect to the Outstanding Debt
Securities of such series, the Company may omit to comply with and shall have no liability in
respect of any term, condition or limitation set forth in any such covenant, whether directly or
indirectly, by reason of any reference elsewhere herein to any such covenant or by reason of any
reference in any such covenant to any other provision herein or in any other document and such
omission to comply shall not constitute a Default or an Event of Default (other than Sections
5.01(1), 5.01(2), 5.01(3), 5.01(5) and 5.01(6)) under Section 5.01 or the terms of any supplemental
indenture, but, except as specified above, the remainder of this Indenture and such Debt Securities
shall be unaffected thereby.

               Section 15.04. Conditions to Legal or Covenant Defeasance.

     The following shall be the conditions to the application of either Section 15.02 or 15.03 to
the Outstanding Debt Securities of such series:

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     In order to exercise either Legal Defeasance or Covenant Defeasance:

     (a) the Company must irrevocably deposit with the Trustee, in trust, for the benefit of
the Holders, cash in United States dollars, U.S. Government Obligations, or a combination
thereof, in such amounts as will be sufficient, in the opinion of a nationally recognized
firm of independent public accountants, to pay the principal amount at maturity of, premium
and interest on the Outstanding Debt Securities of such series on the stated date for
payment thereof or on the applicable redemption date, as the case may be;

     (b) in the case of an election under Section 15.02, the Company shall have delivered to
the Trustee an Opinion of Counsel in the United States of America reasonably acceptable to
the Trustee confirming that (A) the Company has received from, or there has been published
by, the Internal Revenue Service a ruling or (B) since the applicable issue date with
respect to such Debt Securities, there has been a change in the applicable Federal income
tax law, in either case to the effect that, and based thereon such Opinion of Counsel shall
confirm that, the Holders of the Outstanding Debt Securities of such series will not
recognize income, gain or loss for Federal income tax purposes as a result of such Legal
Defeasance and will be subject to Federal income tax on the same amounts, in the same manner
and at the same times as would have been the case if such Legal Defeasance had not occurred;

     (c) in the case of an election under Section 15.03, the Company shall have delivered to
the Trustee an Opinion of Counsel in the United States of America reasonably acceptable to
the Trustee confirming that the Holders of the outstanding Debt Securities of such series
will not recognize income, gain or loss for Federal income tax purposes as a result of such
Covenant Defeasance and will be subject to Federal income tax on the same amounts, in the
same manner and at the same times as would have been the case if such Covenant Defeasance
had not occurred;

     (d) no Default or Event of Default shall have occurred and be continuing on the date of
such deposit (other than a Default or Event of Default resulting from the incurrence of
Indebtedness all or a portion of the proceeds of which will be used to defease such Debt
Securities pursuant to this Article Fifteen concurrently with such incurrence and the grant
of a Lien to secure such Indebtedness) or insofar as Section 5.01(5) or 5.01(6) is
concerned, at any time in the period ending on the 91st day after the date of deposit;

     (e) such Legal Defeasance or Covenant Defeasance shall not result in a breach or
violation of, or constitute a default under this Indenture or any supplemental indenture
relating to such Debt Securities (other than a Default or an Event of Default resulting from
the borrowing of funds to be applied to such deposit and the grant of any Lien securing such
borrowing) or any other material agreement or instrument to which the Company or any of its
Subsidiaries is a party or by which the Company or any of its Subsidiaries is bound;

     (f) the Company shall have delivered to the Trustee an Opinion of Counsel (which may be
subject to customary exceptions) to the effect that after the 91st day following the
deposit, the trust funds will not be subject to the effect of the preference provisions of
Section 547 of the United States Federal Bankruptcy Code;

     (g) the Company shall have delivered to the Trustee an Officers’ Certificate stating
that the deposit was not made by the Company with the intent of preferring the Holders over
any other creditors of the Company or with the intent of defeating, hindering, delaying or
defrauding any other creditors of the Company or others;

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     (h) the Company shall have delivered to the Trustee an Officers’ Certificate and an
Opinion of Counsel, each stating that all conditions precedent provided for or relating to
the Legal Defeasance or the Covenant Defeasance have been complied with; and

     (i) the Company shall have paid or duly provided for payment of all amounts then due to
the Trustee pursuant to Section 6.07.

     Notwithstanding the foregoing, the Opinion of Counsel required by clause (b) above with
respect to a Legal Defeasance need not be delivered if all Debt Securities of such series not
therefor delivered to the Trustee for cancellation (A) have become due and payable, or (B) will
become due and payable on the maturity date within one year under arrangements satisfactory to the
Trustee for giving of notice of redemption by the Trustee in the name, and at the expense, of the
Company.

               Section 15.05. Deposited Money and U.S. Government Obligations to Be Held in Trust; Other
Miscellaneous Provisions.

     All cash and U.S. Government Obligations (including the proceeds thereof) deposited with the
Trustee (or other qualifying trustee, collectively for purposes of this Section 15.05, the
“Trustee”) pursuant to Section 15.04 in respect of the Outstanding Debt Securities of such series
shall be held in trust and applied by the Trustee, in accordance with the provisions of such Debt
Securities and this Indenture, to the payment, either directly or through any Paying Agent
(including the Company acting as Paying Agent) as the Trustee may determine, to the Holders of such
Debt Securities of all sums due and to become due thereon in respect of principal, premium, if any,
and interest, but such cash and securities need not be segregated from other funds except to the
extent required by law.

     The Company shall pay and indemnify the Trustee against any tax, fee or other charge imposed
on or assessed against the cash or U.S. Government Obligations deposited pursuant to Section 15.04
or the principal and interest received in respect thereof other than any such tax, fee or other
charge which by law is for the account of the Holders of the Outstanding Debt Securities of such
series.

     Anything in this Article 15 to the contrary notwithstanding, the Trustee shall deliver or pay
to the Company from time to time upon the request of the Company any money or U.S. Government
Obligations held by it as provided in Section 15.04 which, in the opinion of a nationally
recognized firm of independent public accountants expressed in a written certification thereof
delivered to the Trustee (which may be the opinion delivered under Section 15.04(a)), are in excess
of the amount thereof that would then be required to be deposited to effect an equivalent Legal
Defeasance or Covenant Defeasance.

               Section 15.06. Repayment to Company.

     Any cash or U.S. Government Obligations deposited with the Trustee or any Paying Agent, or
then held by the Company, in trust for the payment of the principal of, premium, if any, or
interest on, any Debt Security and remaining unclaimed for two years after such principal, and
premium, if any, or interest has become due and payable shall be paid to the Company on its request
or (if then held by the Company) shall be discharged from such trust; and the Holder shall
thereafter, as an unsecured creditor, look only to the Company for payment thereof, and all
liability of the Trustee or such Paying Agent with respect to such cash and securities, and all
liability of the Company as trustee thereof, shall thereupon cease; provided, however, that the
Trustee or such Paying Agent, before being required to make any such repayment, may at the expense
of the Company cause to be published once, in The New York Times and The Wall Street Journal
(national edition), notice that such cash and securities remains unclaimed and that, after a date
specified therein, which shall not be less than 30 days from the date of such notification

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or publication, any unclaimed balance of such cash and securities then remaining will be
repaid to the Company.

               Section 15.07. Reinstatement

     If the Trustee or Paying Agent is unable to apply any cash or U.S. Government Obligations in
accordance with Section 15.02 or 15.03, as the case may be, by reason of any order or judgment of
any court or governmental authority enjoining, restraining or otherwise prohibiting such
application, then the Company’s obligations under this Indenture and the applicable series of Debt
Securities shall be revived and reinstated as though no deposit had occurred pursuant to Section
15.02 or 15.03 until such time as the Trustee or Paying Agent is permitted to apply all such cash
and securities in accordance with Section 15.02 or 15.03, as the case may be; provided, however,
that, if the Company makes any payment of principal of, premium, if any, or interest on any Debt
Security following the reinstatement of its obligations, the Company shall be subrogated to the
rights of the Holders to receive such payment from the cash and securities held by the Trustee or
Paying Agent.

               Section 15.08. Survival.

     The Trustee’s rights under this Article 15 shall survive termination of this Indenture or the
resignation of the Trustee.

ARTICLE SIXTEEN

CONVERSION

               Section 16.01. Applicability; Conversion Privilege.

     Except as otherwise specified pursuant to Section 3.01 for Debt Securities of any series, the
provisions of this Article Sixteen shall be applicable to any Debt Securities that are convertible
into Common Shares. If so provided pursuant to Section 3.01 with respect to the Debt Securities of
any series, the Holder of a Debt Security of such series shall have the right, at such Holder’s
option, to convert, in accordance with the terms of such series of Debt Securities and this Article
Sixteen, all or any part (in a denomination of, unless otherwise specified pursuant to Section 3.01
with respect to Debt Securities of such series (1) $1,000 in principal amount or any integral
multiple thereof or (2) in the case of Debt Securities denominated in a Foreign Currency, in a
denomination of $1,000 in principal amount or any integral multiple thereof based on the Market
Exchange Rate) of such Debt Security into shares of Common Shares or, as to any Debt Securities
called for redemption, at any time prior to the time and date fixed for such redemption (unless the
Company shall default in the payment of the Redemption Price, in which case such right shall not
terminate at such time and date).

               Section 16.02. Conversion Procedure; Conversion Price; Fractional Shares.

     (a) Each Debt Security to which this Article is applicable shall be convertible at the office
of the Conversion Agent, and at such other place or places, if any, specified in pursuant to
Section 3.01 with respect to the Debt Securities of such series, into fully paid and nonassessable
shares (calculated to the nearest 1/100th of a share) of Common Shares. The Debt Securities will
be converted into shares of Common Shares at the Conversion Price therefor. No payment or
adjustment shall be made in respect of dividends on the Common Shares or accrued interest on a
converted Debt Security except as described in Section 16.09. The Company may, but shall not be
required, in connection with any conversion of Debt Securities, to issue a fraction of a share of
Common Shares and, if the Company shall determine not to issue any such fraction, the Company
shall, subject to Section 16.03(4), make a cash payment (calculated

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to the nearest cent) equal to such fraction multiplied by the Closing Price of the Common
Shares on the last Trading Day prior to the date of conversion.

     (b) Before any Holder of a Debt Security shall be entitled to convert the same into Common
Shares, such Holder shall surrender such Debt Security duly endorsed to the Company or in blank, at
the office of the Conversion Agent or at such other place or places, if any, specified pursuant to
Section 3.01, and shall give written notice to the Company at said office or place that he elects
to convert the same and shall state in writing therein the principal amount of Debt Securities to
be converted and the name or names (with addresses) in which he wishes the certificate or
certificates for Common Shares to be issued; provided, however, that no Debt
Security or portion thereof shall be accepted for conversion unless the principal amount of such
Debt Security or such portion, when added to the principal amount of all other Debt Securities or
portions thereof then being surrendered by the Holder thereof for conversion, exceeds the then
effective Conversion Price with respect thereto. If more than one Debt Security shall be
surrendered for conversion at one time by the same Holder, the number of full shares of Common
Shares which shall be deliverable upon conversion shall be computed on the basis of the aggregate
principal amount of the Debt Securities (or specified portions thereof to the extent permitted
thereby) so surrendered. Subject to the next succeeding sentence, the Company will, as soon as
practicable thereafter, issue and deliver at said office or place to such Holder of a Debt
Security, or to his nominee or nominees, certificates for the number of full shares of Common
Shares to which he shall be entitled as aforesaid, together, subject to the last sentence of
paragraph (a) above, with cash in lieu of any fraction of a share to which he would otherwise be
entitled. The Company shall not be required to deliver certificates for shares of Common Shares
while the share transfer books for such shares or the Register are duly closed for any purpose, but
certificates for shares of Common Shares shall be issued and delivered as soon as practicable after
the opening of such books or Register. A Debt Security shall be deemed to have been converted as
of the close of business on the date of the surrender of such Debt Security for conversion as
provided above, and the Person or Persons entitled to receive the Common Shares issuable upon such
conversion shall be treated for all purposes as the record Holder or Holders of such Common Shares
as of the close of business on such date. In case any Debt Security shall be surrendered for
partial conversion, the Company shall execute and the Trustee shall authenticate and deliver to or
upon the written order of the Holder of the Debt Securities so surrendered, without charge to such
Holder (subject to the provisions of Section 16.08), a new Debt Security or Securities in
authorized denominations in an aggregate principal amount equal to the unconverted portion of the
surrendered Debt Security.

               Section 16.03. Adjustment of Conversion Price for Common Shares.

     The Conversion Price with respect to any Debt Security which is convertible into Common Shares
shall be adjusted from time to time as follows:

     (1) In case the Company shall, at any time or from time to time while any of such Debt
Securities are outstanding, (i) pay a dividend in shares of its Common Shares to holders of
Common Shares, (ii) combine its outstanding shares of Common Shares into a smaller number of
shares of Common Shares, (iii) subdivide its outstanding shares of Common Shares into a
greater number of shares of Common Shares or (iv) make a distribution in shares of Common
Shares to holders of Common Shares, then the Conversion Price in effect immediately before
such action shall be adjusted so that the Holders of such Debt Securities, upon conversion
thereof into Common Shares immediately following such event, shall be entitled to receive
the kind and amount of shares of capital stock of the Company which they would have owned or
been entitled to receive upon or by reason of such event if such Debt Securities had been
converted immediately before the record dated (or, if no record date, the effective date)
for such event. An adjustment made pursuant to this Section 16.03(1) shall become effective
retroactively immediately after the record

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date in the case of a dividend or distribution and shall become effective retroactively
immediately after the effective date in the case of a subdivision or combination. For the
purposes of this Section 16.03(1), each Holder of Debt Securities shall be deemed to have
failed to exercise any right to elect the kind or amount of securities receivable upon the
payment of any such dividend, subdivision, combination or distribution (provided
that if the kind or amount of securities receivable upon such dividend, subdivision,
combination or distribution is not the same for each nonelecting share, then the kind and
amount of securities or other property receivable upon such dividend, subdivision,
combination or distribution for each nonelecting share shall be deemed to be the kind and
amount so receivable per share by a plurality of the nonelecting shares).

     (2) In case the Company shall, at any time or from time to time while any of such Debt
Securities are outstanding, issue rights or warrants to all holders of shares of its Common
Shares entitling them (for a period expiring within 45 days after the record date for such
issuance) to subscribe for or purchase shares of Common Shares (or securities convertible
into shares of Common Shares) at a price per share less than the Current Market Price of the
Common Shares at such record date (treating the price per share of the securities
convertible into Common Shares as equal to (x) the sum of (i) the price for a unit of the
security convertible into Common Shares and (ii) any additional consideration initially
payable upon the conversion of such security into Common Shares divided by (y) the number of
shares of Common Shares initially underlying such convertible security), the Conversion
Price with respect to such Debt Securities shall be adjusted so that it shall equal the
price determined by dividing the Conversion Price in effect immediately prior to the date of
issuance of such rights or warrants by a fraction, the numerator of which shall be the
number of shares of Common Shares outstanding on the date of issuance of such rights or
warrants plus the number of additional shares of Common Shares offered for subscription or
purchase (or into which the convertible securities so offered are initially convertible),
and the denominator of which shall be the number of shares of Common Shares outstanding on
the date of issuance of such rights or warrants plus the number of shares of additional
shares of Common Shares which the aggregate offering price of the total number of shares of
securities so offered for subscription or purchase (or the aggregate purchase price of the
convertible securities so offered plus the aggregate amount of any additional consideration
initially payable upon conversion of such securities into Common Shares) would purchase at
such Current Market Price of the Common Shares. Such adjustment shall become effective
retroactively immediately after the record date for the determination of shareholders
entitled to receive such rights or warrants.

     (3) In the case the Company shall, at any time or from time to time while any of such
Debt Securities are outstanding, distribute to all holders of shares of its Common Shares
(including any such distribution made in connection with a consolidation or merger in which
the Company is the continuing corporation and the Common Shares are not changed or
exchanged) cash, evidences of its indebtedness, securities or assets (excluding (i) regular
periodic cash dividends in amounts, if any, determined from time to time by the Board of
Directors, (ii) dividends payable in shares of Common Shares for which adjustment is made
under Section 16.03(1) or (iii) rights or warrants to subscribe for or purchase securities
of the Company (excluding those referred to in Section 16.03(2))), then in each such case
the Conversion Price with respect to such Debt Securities determined by dividing the
Conversion Price in effect immediately prior to the date of such distribution by a fraction,
the numerator of which shall be the Current Market Price of the Common Shares on the record
date referred to below, and the denominator of which shall be such Current Market Price of
the Common Shares less the then fair market value (as determined by the Board of Directors
of the Company, whose determination shall be conclusive) of the portion of the cash or
assets or evidences of indebtedness or securities so distributed or of such subscription
rights or warrants applicable to one share of Common Shares (provided that such
denominator

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shall never be less than 1.0); provided, however, that no adjustment
shall be made with respect to any distribution of rights to purchase securities of the
Company if a Holder of Debt Securities would otherwise be entitled to receive such rights
upon conversion at any time of such Debt Securities into Common Shares unless such rights
are subsequently redeemed by the Company, in which case such redemption shall be treated for
purposes of this Section 16.03 as a dividend on the Common Shares. Such adjustment shall
become effective retroactively immediately after the record date for the determination of
shareholders entitled to receive such distribution; and in the event that such distribution
is not so made, the Conversion Price shall again be adjusted to the Conversion Price which
would then be in effect if such record date had not been fixed.

     (4) The Company shall be entitled to make such additional adjustments in the Conversion
Price, in addition to those required by subsections 16.03(1), 16.03(2), and 16.03(3), as
shall be necessary in order that any dividend or distribution of Common Shares, any
subdivision, reclassification or combination of shares of Common Shares or any issuance of
rights or warrants referred to above shall not be taxable to the holders of Common Shares
for United States Federal income tax purposes.

     (5) In any case in which this Section 16.03 shall require that any adjustment be made
effective as of or retroactively immediately following a record date, the Company may elect
to defer (but only for five (5) Trading Days following the filing of the statement referred
to in Section 16.05) issuing to the Holder of any Debt Securities converted after such
record date the shares of Common Shares and other capital stock of the Company issuable upon
such conversion over and above the shares of Common Shares and other capital stock of the
Company issuable upon such conversion on the basis of the Conversion Price prior to
adjustment; provided, however, that the Company shall deliver to such Holder
a due bill or other appropriate instrument evidencing such Holder’s right to receive such
additional shares upon the occurrence of the event requiring such adjustment.

     (6) All calculations under this Section 16.03 shall be made to the nearest cent or
one-hundredth of a share of security, with one-half cent and 0.005 of a share, respectively,
being rounded upward. Notwithstanding any other provision of this Section 16.03, the
Company shall not be required to make any adjustment of the Conversion Price unless such
adjustment would require an increase or decrease of at least 1% of such price. Any lesser
adjustment shall be carried forward and shall be made at the time of and together with the
next subsequent adjustment which, together with any adjustment or adjustments so carried
forward, shall amount to an increase or decrease of at least 1% in such price. Any
adjustments under this Section 16.03 shall be made successively whenever an event requiring
such an adjustment occurs.

     (7) In the event that at any time, as a result of an adjustment made pursuant to this
Section 16.03, the Holder of any Debt Security thereafter surrendered for conversion shall
become entitled to receive any shares of shares of the Company other than shares of Common
Shares into which the Debt Securities originally were convertible, the Conversion Price of
such other shares so receivable upon conversion of any such Debt Security shall be subject
to adjustment from time to time in a manner and on terms as nearly equivalent as practicable
to the provisions with respect to Common Shares contained in subparagraphs (1) through (6)
of this Section 16.03, and the provisions of Sections 16.01, 16.02 and 16.04 through 16.09
with respect to the Common Shares shall apply on like or similar terms to any such other
shares and the determination of the Board of Directors as to any such adjustment shall be
conclusive.

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     (8) No adjustment shall be made pursuant to this Section 16.03: (i) if the effect
thereof would be to reduce the Conversion Price below the par value (if any) of the Common
Shares or (ii) subject to 16.03(5) hereof, with respect to any Debt Security that is
converted prior to the time such adjustment otherwise would be made.

               Section 16.04. Consolidation or Merger of the Company.

     In case of either (a) any consolidation or merger to which the Company is a party, other than
a merger or consolidation in which the Company is the surviving or continuing corporation and which
does not result in a reclassification of, or change (other than a change in par value or from par
value to no par value or from no par value to par value, as a result of a subdivision or
combination) in, outstanding shares of Common Shares or (b) any sale or conveyance of all or
substantially all of the property and assets of the Company to another Person, then each Debt
Security then outstanding shall be convertible from and after such merger, consolidation, sale or
conveyance of property and assets into the kind and amount of shares of stock or other securities
and property (including cash) receivable upon such consolidation, merger, sale or conveyance by a
holder of the number of shares of Common Shares into which such Debt Securities would have been
converted immediately prior to such consolidation, merger, sale or conveyance, subject to
adjustments which shall be as nearly equivalent as may be practicable to the adjustments provided
for in this Article Sixteen (and assuming such holder of Common Shares failed to exercise his
rights of election, if any, as to the kind or amount of securities, cash or other property
(including cash) receivable upon such consolidation, merger, sale or conveyance (provided
that, if the kind or amount of securities, cash or other property (including cash) receivable upon
such consolidation, merger, sale or conveyance is not the same for each nonelecting share, then the
kind and amount of securities, cash or other property (including cash) receivable upon such
consolidation, merger, sale or conveyance for each nonelecting share shall be deemed to be the kind
and amount so receivable per share by a plurality of the nonelecting shares or securities)). The
Company shall not enter into any of the transactions referred to in clause (a) or (b) of the
preceding sentence unless effective provision shall be made so as to give effect to the provisions
set forth in this Section 16.04. The provisions of this Section 16.04 shall apply similarly to
successive consolidations, mergers, sales or conveyances.

               Section 16.05. Notice of Adjustment.

     Whenever an adjustment in the Conversion Price with respect to a series of Debt Securities is
required:

     (1) the Company shall forthwith place on file with the Trustee and any Conversion Agent
for such Securities a certificate of the Treasurer of the Company, stating the adjusted
Conversion Price determined as provided herein and setting forth in reasonable detail such
facts as shall be necessary to show the reason for and the manner of computing such
adjustment, such certificate to be conclusive evidence that the adjustment is correct; and

     (2) a notice stating that the Conversion Price has been adjusted and setting forth the
adjusted Conversion Price shall forthwith be given by the Company, or at the Company’s
request, by the Trustee in the name and at the expense of the Company, in the manner
provided in Section 1.05. Any notice so given shall be conclusively presumed to have been
duly given, whether or not the Holder receives such notice.

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               Section 16.06. Notice in Certain Events.

     In case:

     (1) of a consolidation or merger to which the Company is a party and for which approval
of any shareholders of the Company is required, or of the sale or conveyance to another
Person or entity or group of Persons or entities acting in concert as a partnership, limited
partnership, syndicate or other group (within the meaning of Rule 13d-3 under the Securities
Exchange Act of 1934, as amended) of all or substantially all of the property and assets of
the Company; or

     (2) of the voluntary or involuntary dissolution, liquidation or winding up of the
Company; or

     (3) of any action triggering an adjustment of the Conversion Price pursuant to this
Article Sixteen;

then, in each case, the Company shall cause to be filed with the Trustee and the Conversion Agent
for the applicable Debt Securities, and shall cause to be given, to the Holders of record of
applicable Debt Securities in the manner provided in Section 1.05, at least fifteen (15) days prior
to the applicable date hereinafter specified, a notice stating (x) the date on which a record is to
be taken for the purpose of any distribution or grant of rights or warrants triggering an
adjustment to the Conversion Price pursuant to this Article Sixteen, or, if a record is not to be
taken, the date as of which the holders of record or Common Shares entitled to such distribution,
rights or warrants are to be determined, or (y) the date on which any reclassification,
consolidation, merger, sale, conveyance, dissolution, liquidation or winding up triggering an
adjustment to the Conversion Price pursuant to this Article Sixteen is expected to become
effective, and the date as of which it is expected that holders of Common Shares of record shall be
entitled to exchange their Common Shares for securities or other property deliverable upon such
reclassification, consolidation, merger, sale, conveyance, dissolution, liquidation or winding up.

     Failure to give such notice or any defect therein shall not affect the legality or validity of
the proceedings described in clause (1), (2), or (3) of this Section 16.06.

               Section 16.07. Company to Reserve Shares; Registration; Listing.

     (a) The Company shall at all times reserve and keep available, free from preemptive rights,
out of its authorized but unissued shares of Common Shares, for the purpose of effecting the
conversion of the Debt Securities, such number of its duly authorized shares of Common Shares as
shall from time to time be sufficient to effect the conversion of all applicable outstanding Debt
Securities into such Common Shares at any time (assuming that, at the time of the computation of
such number of shares or securities, all such Debt Securities would be held by a single holder);
provided, however, that nothing contained herein shall preclude the Company from
satisfying its obligations in respect of the conversion of the Debt Securities by delivery of
purchased shares of Common Shares which are held in the treasury of the Company. The Company shall
from time to time, in accordance with the laws of the State of Ohio, use its best efforts to cause
the authorized amount of the Common Shares to be increased if the aggregate of the authorized
amount of the Common Shares remaining unissued and the issued shares of such Common Shares in its
treasury (other than any such shares reserved for issuance in any other connection) shall not be
sufficient to permit the conversion of all Debt Securities.

     (b) If any shares of Common Shares which would be issuable upon conversion of Debt Securities
hereunder require registration with or approval of any governmental authority before such shares or
securities may be issued upon such conversion, the Company will in good faith and as expeditiously
as

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possible endeavor to cause such shares or securities to be duly registered or approved, as the
case may be. The Company will endeavor to list the shares of Common Shares required to be
delivered upon conversion of the Debt Securities prior to such delivery upon the principal national
securities exchange upon which the outstanding Common Shares are listed at the time of such
delivery.

               Section 16.08. Taxes on Conversion.

     The Company shall pay any and all documentary, stamp or similar issue or transfer taxes that
may be payable in respect of the issue or delivery of shares of Common Shares on conversion of Debt
Securities pursuant hereto. The Company shall not, however, be required to pay any such tax which
may be payable in respect of any transfer involved in the issue or delivery of shares of Common
Shares or the portion, if any, of the Debt Securities which are not so converted in a name other
than that in which the Debt Securities so converted were registered, and no such issue or delivery
shall be made unless and until the Person requesting such issue has paid to the Company the amount
of such tax or has established to the satisfaction of the Company that such tax has been paid.

               Section 16.09. Conversion After Record Date.

     If any Debt Securities are surrendered for conversion subsequent to the record date preceding
an Interest Payment Date but on or prior to such Interest Payment Date (except Debt Securities
called for redemption on a Redemption Date between such record date and Interest Payment Date), the
Holder of such Debt Securities at the close of business on such record date shall be entitled to
receive the interest payable on such Debt Securities on such Interest Payment Date notwithstanding
the conversion thereof. Debt Securities surrendered for conversion during the period from the
close of business on any record date next preceding any Interest Payment Date to the opening of
business on such Interest Payment Date to the opening of business on such Interest Payment Date
shall (except in the case of Debt Securities which have been called for redemption on a Redemption
Date within such period) be accompanied by payment to the Company and in the Currency acceptable to
the Company of an amount equal to the interest payable on such Interest Payment Date on the Debt
Securities being surrendered for conversion. Except as provided in this Section 16.09, no
adjustments in respect of payments of interest on Debt Securities surrendered for conversion or any
dividends or distributions of interest on the Common Shares issued upon conversion shall be made
upon the conversion of any Debt Securities.

               Section 16.10. Company Determination Final.

     Any determination that the Company or the Board of Directors must make pursuant to this
Article is conclusive.

               Section 16.11. Trustee’s Disclaimer.

     The Trustee has no duty to determine when an adjustment under this Article should be made, how
it should be made or what it should be. The Trustee makes no representation as to the validity or
value of any securities or assets issued upon conversion of Debt Securities. The Trustee shall not
be responsible for the Company’s failure to comply with this Article. Each Conversion Agent other
than the Company shall have the same protection under this Section 16.11 as the Trustee.

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ARTICLE SEVENTEEN

GUARANTEE

               Section 17.01. Unconditional Guarantee.

     (a) Notwithstanding any provision of this Article to the contrary, the provisions of this
Article shall be applicable only to, and inure solely to the benefit of, the Debt Securities of any
series designated, pursuant to Section 3.01, as entitled to the benefits of the Guarantee of each
of the Guarantors.

     (b) For value received, each of the Guarantors hereby fully, unconditionally and absolutely
guarantees (the “Guarantee”) to the Holders of such series of Debt Securities and to the Trustee
the due and punctual payment of the principal of, and premium, if any, and interest on the Debt
Securities and all other amounts due and payable under this Indenture and the Debt Securities by
the Company, when and as such principal, premium, if any, and interest shall become due and
payable, whether at the stated maturity or by declaration of acceleration, call for redemption or
otherwise, according to the terms of the Debt Securities and this Indenture, subject to the
limitations set forth in Section 17.03.

     (c) The Guarantee hereunder is intended to be a general, unsecured, senior obligation of each
of the Guarantors and will rank pari passu in right of payment with all unsecured debt of such
Guarantor that is not, by its terms, expressly subordinated in right of payment to the Guarantee.
Each of the Guarantors hereby agrees that its obligations hereunder are guarantees of payment and
not of collection and shall be full, unconditional and absolute, irrespective of the validity,
regularity or enforceability of the Debt Securities, the Guarantee (including the Guarantee of any
other Guarantor) or this Indenture, the absence of any action to enforce the same, any waiver or
consent by any Holder of the Debt Securities with respect to any provisions hereof or thereof, the
recovery of any judgment against the Company or any other Guarantor, or any action to enforce the
same or any other circumstances which might otherwise constitute a legal or equitable discharge or
defense of the Guarantors. Each of the Guarantors hereby agrees that in the event of a default in
payment of the principal of, or premium, if any, or interest on the Debt Securities, whether at the
Stated Maturity or by declaration of acceleration, call for redemption or otherwise, legal
proceedings may be instituted by the Trustee on behalf of the Holders or, subject to Section 5.07,
by the Holders, on the terms and conditions set forth in this Indenture, directly against such
Guarantor to enforce the Guarantee without first proceeding against the Company or any other
Guarantor.

     (d) The obligations of each of the Guarantors under this Article shall be as aforesaid full,
unconditional and absolute and shall not be impaired, modified, released or limited by any
occurrence or condition whatsoever, including, without limitation, (A) any compromise, settlement,
release, waiver, renewal, extension, indulgence or modification of, or any change in, any of the
obligations and liabilities of the Company or any of the Guarantors contained in the Debt
Securities or this Indenture, (B) any impairment, modification, release or limitation of the
liability of the Company, any of the Guarantors or either of their estates in bankruptcy, or any
remedy for the enforcement thereof, resulting from the operation of any present or future provision
of any applicable bankruptcy law, or other statute or from the decision of any court, (C) the
assertion or exercise by the Company, any of the Guarantors or the Trustee of any rights or
remedies under the Debt Securities or this Indenture or their delay in or failure to assert or
exercise any such rights or remedies, (D) the assignment or the purported assignment of any
property as security for the Debt Securities, including all or any part of the rights of the
Company or any of the Guarantors under this Indenture, (E) the extension of the time for payment by
the Company or any of the Guarantors of any payments or other sums or any part thereof owing or
payable under any of the terms and provisions of the Debt Securities or this Indenture or of the
time for performance by the Company or any of the Guarantors of any other obligations under or
arising out of any such terms and provisions or the

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extension or the renewal of any thereof, (F) the modification or amendment (whether material
or otherwise) of any duty, agreement or obligation of the Company or any of the Guarantors set
forth in this Indenture, (G) the voluntary or involuntary liquidation, dissolution, sale or other
disposition of all or substantially all of the assets, marshaling of assets and liabilities,
receivership, insolvency, bankruptcy, assignment for the benefit of creditors, reorganization,
arrangement, composition or readjustment of, or other similar proceeding affecting, the Company or
any of the Guarantors or any of their respective assets, or the disaffirmance of the Debt
Securities, the Guarantee or this Indenture in any such proceeding, (H) the release or discharge of
the Company or any of the Guarantors from the performance or observance of any agreement, covenant,
term or condition contained in any of such instruments by operation of law, (I) the
unenforceability of the Debt Securities, the Guarantee or this Indenture or (J) any other
circumstances (other than payment in full or discharge of all amounts guaranteed pursuant to the
Guarantee) which might otherwise constitute a legal or equitable discharge of a surety or
guarantor.

     (e) Each of the Guarantors hereby (A) waives diligence, presentment, demand of payment, filing
of claims with a court in the event of the merger, insolvency or bankruptcy of the Company or any
of the Guarantors, and all demands whatsoever, (B) acknowledges that any agreement, instrument or
document evidencing the Guarantee may be transferred and that the benefit of its obligations
hereunder shall extend to each holder of any agreement, instrument or document evidencing the
Guarantee without notice to it and (C) covenants that the Guarantee will not be discharged except
by complete performance of the Guarantee. Each of the Guarantors further agrees that if at any
time all or any part of any payment theretofore applied by any Person to the Guarantee is, or must
be, rescinded or returned for any reason whatsoever, including without limitation, the insolvency,
bankruptcy or reorganization of the Company or any of the Guarantors, the Guarantee shall, to the
extent that such payment is or must be rescinded or returned, be deemed to have continued in
existence notwithstanding such application, and the Guarantee shall continue to be effective or be
reinstated, as the case may be, as though such application had not been made.

     (f) Each of the Guarantors shall be subrogated to all rights of the Holders and the Trustee
against the Company in respect of any amounts paid by such Guarantor pursuant to the provisions of
this Indenture, provided, however, that such Guarantor shall not be entitled to enforce or to
receive any payments arising out of, or based upon, such right of subrogation until all of the Debt
Securities and the Guarantee shall have been paid in full or discharged.

               Section 17.02. Execution and Delivery of Guarantee.

     (a) To further evidence the Guarantee set forth in Section 17.01, each of the Guarantors
hereby agrees that a notation relating to such Guarantee, substantially in the form attached to the
supplemental indenture for the applicable Debt Securities, shall be endorsed on each Debt Security
entitled to the benefits of the Guarantee authenticated and delivered by the Trustee and executed
by either manual or facsimile signature of an officer of such Guarantor, or in the case of a
Guarantor that is a limited partnership, an officer of the general partner of each Guarantor. Each
of the Guarantors hereby agrees that the Guarantee set forth in Section 17.01 shall remain in full
force and effect notwithstanding any failure to endorse on each Debt Security a notation relating
to the Guarantee. If any officer of the Guarantor, or in the case of a Guarantor that is a limited
partnership, any officer of the general partner of the Guarantor, whose signature is on this
Indenture or a Debt Security no longer holds that office at the time the Trustee authenticates such
Debt Security or at any time thereafter, the Guarantee of such Debt Security shall be valid
nevertheless. The delivery of any Debt Security by the Trustee, after the authentication thereof
hereunder, shall constitute due delivery of the Guarantee set forth in this Indenture on behalf of
the Guarantors.

-72-

 

     (b) The Trustee hereby accepts the trusts in this Indenture upon the terms and conditions
herein set forth.

               Section 17.03. Limitation on Guarantors’ Liability.

     Each Guarantor and by its acceptance hereof each Holder of a Debt Security entitled to the
benefits of the Guarantee hereby confirms that it is the intention of all such parties that the
guarantee by such Guarantor pursuant to its Guarantee not constitute a fraudulent transfer or
conveyance for purposes of any Federal or state law. To effectuate the foregoing intention, the
Holders of a Debt Security entitled to the benefits of the Guarantee and the Guarantors hereby
irrevocably agree that the obligations of each Guarantor under its Guarantee shall be limited to
the maximum amount as will, after giving effect to all other contingent and fixed liabilities of
such Guarantor and to any collections from or payments made by or on behalf of any other Guarantor
in respect of the obligations of such other Guarantor under its Guarantee, result in the
obligations of such Guarantor under the Guarantee not constituting a fraudulent conveyance or
fraudulent transfer under Federal or state law.

               Section 17.04. Release of Guarantors from Guarantee.

     (a) The Guarantee of a Guarantor will be released:

     (1) upon any sale or other disposition of all or substantially all of the assets of
that Guarantor (including by way of merger or consolidation), in accordance with this
Indenture, to any Person other than the Company;

     (2) if such Guarantor merges with and into the Company, with the Company surviving such
merger; or

     (3) if the Company exercises its Legal Defeasance option or Covenant Defeasance option
pursuant to Section 15.01 with respect to such series of Debt Securities or if the
obligations under this Indenture are discharged in accordance with Section 4.01.

          (b) The Trustee shall deliver an appropriate instrument evidencing any release of a Guarantor
from the Guarantee upon receipt of a written request of the Company accompanied by an Officers’
Certificate and an Opinion of Counsel that the Guarantor is entitled to such release in accordance
with the provisions of this Indenture. Any Guarantor not so released remains liable for the full
amount of principal of (and premium, if any, on) and interest on the Debt Securities entitled to
the benefits of such Guarantee as provided in this Indenture, subject to the limitations of Section
17.03.

               Section 17.05. Guarantor Contribution.

     In order to provide for just and equitable contribution among the Guarantors, the Guarantors
hereby agree, inter se, that in the event any payment or distribution is made by any Guarantor (a
“Funding Guarantor”) under its Guarantee, such Guarantor shall be entitled to a contribution from
each other Guarantor (if any) in a pro rata amount based on the net assets of each Guarantor
(including the Funding Guarantor) as of the most recently completed fiscal quarter of such
Guarantor, for all payments, damages and expenses incurred by that Funding Guarantor in discharging
the Company’ obligations with respect to the Debt Securities or any other Guarantor’s obligations
with respect to its Guarantee.

[Signatures on following page]

-73-

 

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

	 	 	 	 	 	 	 
	 	 	THE SCOTTS MIRACLE-GRO COMPANY	 	 
	 
	 	 	 	 	 	 
	 

	 	By:

	 	/s/ David C. Evans
 

Name: David C. Evans
	 	 
	 

	 	
	 	Title:   Executive Vice President and

            Chief Financial Officer	 	 
	 
	 	 	 	 	 	 
	 	 	U.S. BANK NATIONAL ASSOCIATION, as Trustee	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Scott Miller	 	 
	 

	 	 	 	 	 	 
	 

	 	
	 	Name: Scott Miller	 	 
	 

	 	
	 	Title:   Vice Presidentexv4w2

Exhibit 4.2

 

EXECUTION VERSION

THE SCOTTS MIRACLE-GRO COMPANY, as Issuer

THE GUARANTORS PARTY HERETO, as Guarantors

AND

U.S. BANK NATIONAL ASSOCIATION,

as Trustee

 

7.25% SENIOR NOTES DUE 2018

FIRST SUPPLEMENTAL INDENTURE DATED AS OF

January 14, 2010

TO THE INDENTURE DATED AS OF

January 14, 2010

 

 

 

TABLE OF CONTENTS

	 	 	 	 	 	 	 
	 	 	 	 	Page
	 

	 	ARTICLE 1	 	 	 	 
	 
	 	 	 	 	 	 
	 

	 	ESTABLISHMENT; DEFINITIONS AND INCORPORATION BY REFERENCE	 	 	 	 
	 
	 	 	 	 	 	 
	SECTION 1.01.

	 	Establishment
	 	 	1	 
	SECTION 1.02.

	 	Certain Definitions
	 	 	2	 
	SECTION 1.03.

	 	Other Definitions
	 	 	22	 
	SECTION 1.04.

	 	Incorporation by Reference of Trust Indenture Act
	 	 	23	 
	SECTION 1.05.

	 	Rules of Construction
	 	 	23	 
	 

	 	ARTICLE 2	 	 	 	 
	 
	 	 	 	 	 	 
	 

	 	THE NOTES	 	 	 	 
	 
	 	 	 	 	 	 
	SECTION 2.01.

	 	Form and Dating
	 	 	24	 
	SECTION 2.02.

	 	Registrar and Paying Agent
	 	 	25	 
	SECTION 2.03.

	 	Additional Notes
	 	 	25	 
	 
	 	 	 	 	 	 
	 

	 	ARTICLE 3	 	 	 	 
	 
	 	 	 	 	 	 
	 

	 	REDEMPTION AND PREPAYMENT	 	 	 	 
	 
	 	 	 	 	 	 
	SECTION 3.01.

	 	Notices to Trustee
	 	 	25	 
	SECTION 3.02.

	 	Optional Redemption
	 	 	25	 
	SECTION 3.03.

	 	Mandatory Redemption
	 	 	26	 
	SECTION 3.04.

	 	Repurchase at the Option of Holders
	 	 	26	 
	 
	 	 	 	 	 	 
	 

	 	ARTICLE 4	 	 	 	 
	 
	 	 	 	 	 	 
	 

	 	COVENANTS	 	 	 	 
	 
	 	 	 	 	 	 
	SECTION 4.01.

	 	Payment of Notes
	 	 	28	 
	SECTION 4.02.

	 	Maintenance of Office or Agency
	 	 	28	 
	SECTION 4.03.

	 	Reports
	 	 	29	 
	SECTION 4.04.

	 	[Reserved]
	 	 	29	 
	SECTION 4.05.

	 	Limitation on Sale and Leaseback Transactions
	 	 	29	 
	SECTION 4.06.

	 	Payments for Consent
	 	 	30	 
	SECTION 4.07.

	 	Restricted Payments
	 	 	30	 
	SECTION 4.08.

	 	Dividend and Other Payment Restrictions Affecting Subsidiaries
	 	 	32	 
	SECTION 4.09.

	 	Incurrence of Indebtedness and Issuance of Preferred Stock
	 	 	34	 
	SECTION 4.10.

	 	Limitation on Asset Sales
	 	 	37	 
	SECTION 4.11.

	 	Transactions with Affiliates
	 	 	39	 
	SECTION 4.12.

	 	Liens
	 	 	40	 
	SECTION 4.13.

	 	Offer to Repurchase upon Change of Control
	 	 	41	 
	SECTION 4.14.

	 	Corporate Existence
	 	 	41	 
	SECTION 4.15.

	 	Additional Subsidiary Guarantees
	 	 	41	 
	SECTION 4.16.

	 	Covenant Suspension
	 	 	42	 
	 
	 	 	 	 	 	 

-i-

 

	 	 	 	 	 	 	 
	 	 	 	 	Page
	 

	 	ARTICLE 5	 	 	 	 
	 
	 	 	 	 	 	 
	 

	 	SUCCESSORS	 	 	 	 
	 
	 	 	 	 	 	 
	SECTION 5.01.

	 	Merger, Consolidation or Sale of Assets
	 	 	43	 
	SECTION 5.02.

	 	Successor Corporation Substituted
	 	 	44	 
	 
	 	 	 	 	 	 
	 

	 	ARTICLE 6	 	 	 	 
	 
	 	 	 	 	 	 
	 

	 	DEFAULTS AND REMEDIES	 	 	 	 
	 
	 	 	 	 	 	 
	SECTION 6.01.

	 	Events of Default and Remedies	 	 	 45	 
	 
	 	 	 	 	 	 
	 

	 	ARTICLE 7	 	 	 	 
	 
	 	 	 	 	 	 
	 

	 	[RESERVED]	 	 	 	 
	 
	 	 	 	 	 	 
	 

	 	ARTICLE 8	 	 	 	 
	 
	 	 	 	 	 	 
	 

	 	COVENANT DEFEASANCE	 	 	 	 
	 
	 	 	 	 	 	 
	SECTION 8.01.

	 	Covenant Defeasance
	 	 	46	 
	 
	 	 	 	 	 	 
	 

	 	ARTICLE 9	 	 	 	 
	 
	 	 	 	 	 	 
	 

	 	AMENDMENT, SUPPLEMENT AND WAIVER	 	 	 	 
	 
	 	 	 	 	 	 
	SECTION 9.01.

	 	Without Consent of Holder
	 	 	47	 
	 
	 	 	 	 	 	 
	 

	 	ARTICLE 10	 	 	 	 
	 
	 	 	 	 	 	 
	 

	 	GUARANTEES	 	 	 	 
	 
	 	 	 	 	 	 
	SECTION 10.01.

	 	Guarantees
	 	 	47	 
	SECTION 10.02.

	 	Release of Guarantor 	 	 	47	 
	 
	 	 	 	 	 	 
	 

	 	ARTICLE 11	 	 	 	 
	 
	 	 	 	 	 	 
	 

	 	[RESERVED]	 	 	 	 
	 
	 	 	 	 	 	 
	 

	 	ARTICLE 12	 	 	 	 
	 
	 	 	 	 	 	 
	 

	 	MISCELLANEOUS	 	 	 	 
	 
	 	 	 	 	 	 
	SECTION 12.01.

	 	Trust Indenture Act Controls 	 	 	48	 
	SECTION 12.02.

	 	Notices 	 	 	48	 
	SECTION 12.03.

	 	Communication by Holders of Notes with Other Holders of Notes 	 	 	49	 
	SECTION 12.04.

	 	Certificate and Opinion as to Conditions Precedent 	 	 	49	 
	SECTION 12.05.

	 	Statements Required in Certificate or Opinion 	 	 	49	 
	SECTION 12.06.

	 	Rules by Trustee and Agents 	 	 	50	 

-ii-

 

	 	 	 	 	 	 	 
	 	 	 	 	Page
	SECTION 12.07.

	 	No Personal Liability of Directors, Officers, Employees and Stockholders 	 	 	50	 
	SECTION 12.08.

	 	Governing Law 	 	 	50	 
	SECTION 12.09.

	 	No Adverse Interpretation of Other Agreements 	 	 	50	 
	SECTION 12.10.

	 	Successors 	 	 	50	 
	SECTION 12.11.

	 	Severability 	 	 	50	 
	SECTION 12.12.

	 	Counterpart Originals	 	 	 50	 
	SECTION 12.13.

	 	Table of Contents, Headings, Etc	 	 	 51	 
	SECTION 12.14.

	 	Force Majeure 	 	 	51	 
	SECTION 12.15.

	 	Note Purchases by Company and Affiliates 	 	 	51	 

-iii-

 

THE SCOTTS MIRACLE-GRO COMPANY

RECONCILIATION AND TIE BETWEEN TRUST INDENTURE ACT OF 1939

AND FIRST SUPPLEMENTAL INDENTURE DATED AS OF JANUARY 14, 2010

	 	 	 	 	 
	Section of	 	 	 	 
	Trust Indenture	 	Section(s) of
	Act of 1939	 	First Supplemental Indenture
	§ 310
	 	(a)(1)	 	N.A.
	 
	 	(a)(2)	 	N.A.
	 
	 	(a)(3)	 	N.A.
	 
	 	(a)(4)	 	N.A.
	 
	 	(a)(5)	 	N.A.
	 
	 	(b)	 	N.A.
	 
	 	(c)	 	N.A.
	§ 311
	 	(a)	 	N.A.
	 
	 	(b)	 	N.A.
	 
	 	(c)	 	N.A.
	§ 312
	 	(a)	 	N.A.
	 
	 	(b)	 	12.03
	 
	 	(c)	 	12.03
	§ 313
	 	(a)	 	N.A.
	 
	 	(b)(1)	 	N.A.
	 
	 	(b)(2)	 	N.A.
	 
	 	(c)	 	12.02
	 
	 	(d)	 	N.A.
	§ 314
	 	(a)	 	4.03
	 
	 	(b)	 	N.A.
	 
	 	(c)(1)	 	12.04
	 
	 	(c)(2)	 	12.04
	 
	 	(c)(3)	 	N.A.
	 
	 	(d)	 	N.A.
	 
	 	(e)	 	12.05
	§ 315
	 	(a)	 	N.A.
	 
	 	(b)	 	N.A.
	 
	 	(c)	 	N.A.
	 
	 	(d)	 	N.A.
	 
	 	(e)	 	N.A.
	§ 316
	 	(a)(1)(A)	 	N.A.
	 
	 	(a)(1)(B)	 	N.A.
	 
	 	(a)(2)	 	N.A.
	 
	 	(a) (last sentence)	 	N.A.
	 
	 	(b)	 	N.A.
	§ 317
	 	(a)(1)	 	N.A.
	 
	 	(a)(2)	 	N.A.
	 
	 	(b)	 	N.A.
	§ 318
	 	(a)	 	12.01
	 
	 	(b)	 	N.A.
	 
	 	(c)	 	N.A.

 

			
	Note: 	 	 This reconciliation and tie shall not, for any purpose, be deemed to be a part of this
Supplemental Indenture.

 

 

     This FIRST SUPPLEMENTAL INDENTURE, dated as of January 14, 2010 (this “Supplemental
Indenture”), is by and among The Scotts Miracle-Gro Company, an Ohio corporation (such corporation
and any successor as defined in the Base Indenture and herein, the “Company”), the Guarantors (as
defined below) and U.S. Bank National Association, a national banking association, as trustee (such
institution and any successor as defined in the Base Indenture, the “Trustee”).

WITNESSETH:

     WHEREAS, the Company has previously executed and delivered an indenture, dated as of
January 14, 2010 (the “Base Indenture”), with the Trustee providing for the issuance from time to
time of one or more series of the Company’s senior debt securities;

     WHEREAS, Section 11.01 of the Base Indenture provides that the Company and the Trustee may
enter into an indenture supplemental to the Base Indenture to establish the form or terms of Debt
Securities of any series as permitted by Section 3.01 and Section 11.01 of the Base Indenture;

     WHEREAS, the Company is entering into this Supplemental Indenture to establish the form and
terms of its 7.25% Senior Notes due 2018 (the “Notes”; which defined term shall include the Initial
Notes and any Additional Notes);

     WHEREAS, the Base Indenture is incorporated herein by reference and the Base Indenture, as
supplemented by this Supplemental Indenture, is herein called this “Indenture”; and

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

     NOW, THEREFORE, in consideration of the agreements and obligations set forth herein and for
other good and valuable consideration, the sufficiency of which is hereby acknowledged, the
Company, the Guarantors and the Trustee agree as follows for the benefit of each other and for the
equal and ratable benefit of the Holders of the Notes.

ARTICLE 1

ESTABLISHMENT; DEFINITIONS AND INCORPORATION BY REFERENCE

SECTION 1.01. Establishment.

     (a) There is hereby established a new series of Debt Securities to be issued under this
Supplemental Indenture, to be designated as the Company’s “7.25% Senior Notes due 2018”.

     (b) There are to be authenticated and delivered on the date hereof $200,000,000 aggregate
principal amount of the Notes. Additional Notes may be issued under this Supplemental Indenture
after the date hereof in accordance with Section 2.03.

     (c) The Notes shall be issued substantially in the form of Exhibit A hereto.

     (d) Each Note shall be dated the date of authentication thereof and shall bear interest from
the date of original issuance thereof or from the most recent date to which interest has been paid
or duly provided for.

 

 

     (e) With respect to the Notes (and any Guarantees endorsed thereon) only, the Base Indenture
shall be supplemented pursuant to Sections 2.01, 3.01 and 11.01 thereof to establish the terms of
the Notes (and any Guarantees endorsed thereon) as set forth in this Supplemental Indenture,
including as follows:

     (i) the form and terms of the securities representing the Notes required to be
established pursuant to Article 2 of the Base Indenture shall be established in accordance
with Article 2 of this Supplemental Indenture;

     (ii) the provisions of Article TEN of the Base Indenture are deleted and replaced in
their entirety by the provisions of Article 5 hereof;

     (iii) the provisions of Articles FOURTEEN and SIXTEEN of the Base Indenture shall not
be applicable to the Notes;

     (iv) the provisions of Article SEVENTEEN of the Base Indenture shall be applicable to
the Notes as specified in Section 10.01 of this Supplemental Indenture;

     (v) the “Overdue Rate” with respect to the Notes shall be a rate that is the interest
rate for the Notes;

     (vi) the provisions of Section 7.04 of the Base Indenture are deleted and replaced in
their entirety by the provisions of Section 4.03 hereof; and

     (vii) that payment by wire transfer of immediately available funds will be required
with respect to principal of and interest and premium on all Global Notes and all other
Notes the Holders of which shall have provided wire transfer instructions no later than 30
days immediately preceding the relevant due date for payment (or such other date as the
Trustee may accept in its judgment), to the Company or the Paying Agent.

To the extent that the provisions of this Supplemental Indenture (including those referred to in
clauses (i), (ii), (iii), (iv) and (v) immediately above) conflict with any provision of the Base
Indenture, the provisions of this Supplemental Indenture shall govern and be controlling solely
with respect to the Notes (and any Guarantees endorsed thereon).

     (f) Unless otherwise expressly specified, references in this Supplemental Indenture to
specific Article numbers or Section numbers refer to Articles and Sections contained in this
Supplemental Indenture, and not the Base Indenture or any other document.

SECTION 1.02. Certain Definitions.

     (a) All capitalized terms used herein and not otherwise defined below shall have the meanings
ascribed thereto in the Base Indenture.

     (b) Set forth below are certain defined terms used in this Supplemental Indenture and to the
extent that a term is defined both herein and in the Base Indenture, unless otherwise specified,
the definition in this Supplemental Indenture shall govern solely with respect to the Notes (and
any Guarantee endorsed thereon).

-2-

 

     “Acquired Debt” means, with respect to any specified Person:

     (1) Indebtedness of any other Person existing at the time such other Person is merged
with or into or became a Subsidiary of such specified Person, whether or not such
Indebtedness is incurred in connection with, or in contemplation of, such other Person
merging with or into, or becoming a Subsidiary of, such specified Person; and

     (2) Indebtedness secured by a Lien encumbering any asset acquired by such specified
Person.

     “Additional Notes” means, subject to the Company’s compliance with Section 4.09, 7.25% Senior
Notes due 2018 issued from time to time after the Issue Date under the terms of this Supplemental
Indenture (other than pursuant to Sections 3.04, 3.05, 3.06 or 13.07 of the Base Indenture or
Section 3.04(d) of this Supplemental Indenture).

     “Affiliate” of any specified Person means any other Person directly or indirectly controlling
or controlled by or under direct or indirect common control with such specified Person. For
purposes of this definition, “control,” 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, by agreement or
otherwise. For purposes of this definition, the terms “controlling,” “controlled by” and “under
common control with” shall have correlative meanings.

     “Applicable Premium” means, with respect to a Note at any Redemption Date, the greater of (i)
1.0% of the principal amount of such Note and (ii) the excess of (A) the present value at such time
of (1) the Redemption Price of such Note at January 15, 2014 (such Redemption Price being set forth
in the table in Section 3.02) plus (2) all required interest payments due on such Note (excluding
accrued and unpaid interest to such Redemption Date) through January 15, 2014, computed using a
discount rate equal to the Treasury Rate plus 50 basis points, over (B) the principal amount of
such Note.

     “Applicable Procedures” means, with respect to any transfer, redemption or exchange of or for
beneficial interests in any Global Note, the rules and procedures of the Depositary that apply to
such transfer, redemption or exchange.

     “Asset Sale” means:

     (1) the sale, lease, conveyance or other disposition of any assets or rights, including
by means of a Sale and Leaseback Transaction, but other than sales of inventory in the
ordinary course of business consistent with past practices; provided that the sale,
conveyance or other disposition of all or substantially all of the assets of the Company and
its Restricted Subsidiaries taken as a whole will be governed by the provisions of Section
4.13 and/or Article 5 and not by the provisions of Section 4.10; and

     (2) the issuance of Equity Interests by any of the Company’s Restricted Subsidiaries or
the sale of Equity Interests in any of its Subsidiaries.

    Notwithstanding the preceding, the following items shall not be deemed to be Asset Sales:

     (1) any single transaction or series of related transactions that: (a) involves assets
having an aggregate fair market value of less than $15.0 million; or (b) results in
aggregate net proceeds to the Company and its Subsidiaries of less than $15.0 million;

-3-

 

     (2) a transfer of assets (a) between or among the Company and its Wholly Owned
Restricted Subsidiaries, (b) by a Restricted Subsidiary to the Company or any of its Wholly
Owned Restricted Subsidiaries or (c) by the Company or any of its Wholly Owned Restricted
Subsidiaries to any Restricted Subsidiary of the Company that is not a Wholly Owned
Restricted Subsidiary if, in the case of this clause (c), the Company or the Wholly Owned
Restricted Subsidiary, as the case may be, either retains title to or ownership of the
assets being transferred or receives consideration at the time of such transfer at least
equal to the fair market value of the transferred assets;

     (3) an issuance of Equity Interests by a Restricted Subsidiary to the Company or to a
Wholly Owned Restricted Subsidiary;

     (4) the sale, transfer or discount of any receivables pursuant to a Receivables
Financing that is otherwise permitted by this Supplemental Indenture;

     (5) any Permitted Investment or any Restricted Payment that is permitted by Section
4.07;

     (6) a disposition of inventory in the ordinary course of business or a disposition of
obsolete equipment or equipment that is no longer useful in the conduct of the business of
the Company and its Restricted Subsidiaries and that is disposed of in the ordinary course
of business;

     (7) the sale, lease, conveyance, disposition or other transfer of all or substantially
all of the assets of the Company governed by, and made in accordance with, Section 5.01;

     (8) the grant of Liens permitted by Section 4.12;

     (9) the surrender or waiver of contractual rights or the settlement, release or
surrender of contract, tort or other claims of any kind; and

     (10) any restructuring, regardless of whether accomplished by liquidation,
contribution, distribution, merger or any other technique, whereby the ownership of Foreign
Subsidiaries is changed, so long as each such Foreign Subsidiary that is a Restricted
Subsidiary of the Company prior to such restructuring remains, directly or indirectly, a
Restricted Subsidiary of the Company after such restructuring.

     “Attributable Indebtedness,” when used with respect to any Sale and Leaseback Transaction,
means, as at the time of determination, the present value (discounted at a rate borne by the Notes,
compounded on a semi-annual basis) of the total obligations of the lessee for rental payments
during the remaining term of the lease included in any such Sale and Leaseback Transaction.

     “Average Net Indebtedness” means the average of the Net Indebtedness of the Company at the end
of each of the four fiscal quarters comprising the Reference Period for which the Leverage Ratio is
being calculated.

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

-4-

 

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

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

     “Business Day” means a day other than a Saturday, Sunday or other day on which banking
institutions in New York are authorized or required by law to close.

     “Capital Lease Obligation” means, at the time any determination thereof is to be made, the
amount of the liability in respect of a capital lease that would at that time be required to be
capitalized on a balance sheet in accordance with GAAP.

     “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 or
membership interests (whether general or limited); and

     (4) any other ownership interest 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.

     “Cash Equivalents” means:

     (a) marketable direct obligations issued by, or unconditionally guaranteed by, the
United States government or issued by any agency thereof and backed by the full faith and
credit of the United States, in each case maturing within one year from the date of
acquisition;

     (b) certificates of deposit, time deposits, eurodollar time deposits or overnight bank
deposits having maturities of one year or less from the date of acquisition issued by any
commercial bank organized under the laws of the United States or any state thereof having
combined capital and surplus of not less than $300,000,000;

     (c) commercial paper of an issuer rated at least A-1 by S&P or P-1 by Moody’s, or
carrying an equivalent rating by a nationally recognized rating agency, if both of the two
named rating agencies cease publishing ratings of commercial paper issuers generally, and
maturing within one year from the date of acquisition;

     (d) repurchase obligations of any commercial bank satisfying the requirements of clause
(b) of this definition, having a term of not more than 30 days, with respect to securities
issued or fully guaranteed or insured by the United States government;

     (e) securities with maturities of one year or less from the date of acquisition issued
or fully guaranteed by any state, commonwealth or territory of the United States, by any
political subdivision or taxing authority of any such state, commonwealth or territory or by
any foreign

-5-

 

government, the securities of which state, commonwealth, territory, political
subdivision, taxing authority or foreign government (as the case may be) are rated at least
A by S&P or A by Moody’s;

     (f) securities with maturities of one year or less from the date of acquisition backed
by standby letters of credit issued by any commercial bank satisfying the requirements of
clause (b) of this definition;

     (g) money market mutual or similar funds that invest exclusively in assets satisfying
the requirements of clauses (a) through (f) of this definition; or

     (h) money market funds that (i) comply with the criteria set forth in SEC Rule 2a-7
under the Investment Company Act of 1940, as amended, (ii) are rated AAA by S&P and Aaa by
Moody’s and (iii) have portfolio assets of at least $5,000,000,000.

     “Change of Control” means the occurrence of any of the following:

     (1) the sale, lease, transfer, conveyance or other disposition (other than by way of
merger or consolidation), in one or a series of related transactions, of all or
substantially all of the assets of the Company and its Restricted Subsidiaries taken as a
whole to any “person” (as such term is used in Section 13(d)(3) of the Exchange Act) other
than a Principal or a Related Party of a Principal;

     (2) the adoption of a plan relating to the liquidation or dissolution of the Company;

     (3) the consummation of any transaction (including, without limitation, any merger or
consolidation) the result of which is that any “person” (as defined above), other than the
Principals and their Related Parties, becomes the Beneficial Owner, directly or indirectly,
of 50% or more of the Voting Stock of the Company, measured by voting power rather than
number of shares; or

     (4) the consolidation or merger of the Company with or into any Person, or the
consolidation or merger of any Person with or into the Company, in any such event pursuant
to a transaction in which any of the outstanding Voting Stock of the Company is converted
into or exchanged for cash, securities or other property, excluding any such transaction
where the Voting Stock of the Company outstanding immediately prior to such transaction is
converted into or exchanged for Voting Stock (other than Disqualified Stock) of the
surviving or transferee Person constituting a majority of the outstanding shares of such
Voting Stock of such surviving or transferee Person (immediately after giving effect to such
issuance).

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

     “Consolidated Cash Flow” means, with respect to any Person for any period, the Consolidated
Net Income of such Person for such period plus, without duplication:

     (1) provision for taxes based on income or profits of such Person and its Restricted
Subsidiaries for such period, to the extent that such provision for taxes was deducted in
computing such Consolidated Net Income; plus

-6-

 

     (2) consolidated net interest expense of such Person and its Restricted Subsidiaries
for such period whether paid or accrued and whether or not capitalized (including, without
limitation, amortization of original issue discount, non-cash interest payments, the
interest component of any deferred payment obligations, the interest component of all
payments associated with Capital Lease Obligations and Attributable Indebtedness,
commissions, discounts and other fees and charges incurred in respect of letter of credit or
bankers’ acceptance financings, and net payments, if any, pursuant to Hedging Obligations
but excluding amortization of debt issuance costs), to the extent that any such expense was
deducted in computing such Consolidated Net Income; plus

     (3) depreciation, amortization (including amortization of goodwill and other
intangibles but excluding amortization of prepaid cash expenses that were paid in a prior
period) and other non-cash expenses (excluding any such non-cash expense to the extent that
it represents an accrual of or reserve for cash expenses in any future period or
amortization of a prepaid cash expense that was paid in a prior period and any non-cash
charge, expense or loss relating to write-offs, write-downs or reserves with respect to
accounts receivable or inventory) of such Person and its Restricted Subsidiaries for such
period to the extent that such depreciation, amortization and other non-cash expenses were
deducted in computing such Consolidated Net Income; plus (or minus)

     (4) for purposes of calculating the Fixed Charge Coverage Ratio only, any non-recurring
expenses or losses (or income or gains); minus

     (5) non-cash items increasing such Consolidated Net Income for such period, other than
items that were accrued in the ordinary course of business,

in each case, on a consolidated basis for such Person and its Restricted Subsidiaries and
determined in accordance with GAAP.

     Notwithstanding the preceding, the provision for taxes based on the income or profits of, and
the depreciation and amortization and other non-cash charges of, a Restricted Subsidiary of the
Company shall be added to Consolidated Net Income to compute Consolidated Cash Flow of the Company
only to the extent that a corresponding amount would be permitted at the date of determination to
be dividended to the Company by such Restricted Subsidiary without prior approval (that has not
been obtained), pursuant to the terms of its charter and all agreements, instruments, judgments,
decrees, orders, statutes, rules and governmental regulations applicable to that Subsidiary or its
stockholders (other than restrictions in effect on the Issue Date and other than restrictions that
are created or exist in compliance with Section 4.08).

     “Consolidated Net Income” means, with respect to any specified Person for any period, the
aggregate of the Net Income of such Person and its Restricted Subsidiaries for such period, on a
consolidated basis, determined in accordance with GAAP; provided that:

     (1) the Net Income (but not loss) of any Person that is accounted for by the equity
method of accounting or is not a Restricted Subsidiary shall be included only to the extent
of the amount of dividends or distributions paid in cash to the specified Person or a
Restricted Subsidiary thereof;

     (2) the Net Income of any Restricted Subsidiary shall be excluded to the extent that
the declaration or payment of dividends or similar distributions by that Restricted
Subsidiary of that Net Income is not at the date of determination permitted without any
prior governmental

-7-

 

approval (that has not been obtained) or, directly or indirectly, by operation of the
terms of its charter or any agreement, instrument, judgment, decree, order, statute, rule or
governmental regulation applicable to that Restricted Subsidiary or its stockholders (other
than restrictions in effect on the Issue Date and other than restrictions that are created
or exist in compliance with Section 4.08);

     (3) the Net Income (but not loss) of any Unrestricted Subsidiary shall be excluded,
whether or not distributed to the specified Person or one of its Subsidiaries; and

     (4) the cumulative effect of a change in accounting principles shall be excluded.

     “Consolidated Total Assets” of the Company as of any date means all amounts that would, in
accordance with GAAP, be set forth opposite the caption “total assets” (or any like caption) on the
consolidated balance sheet of the Company and its Restricted Subsidiaries on the last day of the
fiscal quarter immediately preceding such date for which internal financial statements are
available at the time of calculation, after giving pro forma effect to all transactions occurring
subsequent to the end of such fiscal quarter and on or prior to such date of calculation which gave
or give rise to the need to calculate Consolidated Total Assets.

     “Credit Agreement” means that certain Amended and Restated Credit Agreement, dated as of
February 7, 2007, by and among the Company, the subsidiary borrowers parties thereto and the banks
and other financial institutions from time to time parties thereto as agents and lenders, and any
related notes, guarantees, collateral documents, instruments and agreements executed in connection
therewith, and in each case as amended, modified, renewed, refunded, replaced or refinanced from
time to time.

     “Credit Facility” means, with respect to the Company or any of its Restricted Subsidiaries:

     (1) the Credit Agreement; and

     (2) one or more debt facilities (which may be outstanding at the same time) or other
financing arrangements (including, without limitation, commercial paper facilities or
indentures) providing for revolving credit loans, term loans, letters of credit or other
long-term indebtedness, including any notes, mortgages, guarantees, collateral documents,
instruments and agreements executed in connection therewith, and, in each case, any
amendments, supplements, modifications, extensions, renewals, restatements or refundings
thereof and any indentures or credit facilities or commercial paper facilities that replace,
refund or refinance any part of the loans, notes, other credit facilities or commitments
thereunder, including any such replacement, refunding or refinancing facility or indenture
that increases the amount permitted to be borrowed thereunder or alters the maturity thereof
or adds Restricted Subsidiaries as additional borrowers or guarantors thereunder and whether
by the same or any other agent, lender or group of lenders.

     “Currency Protection Agreement” means any currency protection agreement entered into with one
or more financial institutions in the ordinary course of business that is designed to protect the
Person or entity entering into the agreement against fluctuations in currency exchange rates with
respect to Indebtedness incurred and not for purposes of speculation.

     “Default” means any event that is, or with the passage of time or the giving of notice or both
would be, an Event of Default.

     “Disqualified Stock” means any Capital Stock that, by its terms (or by the terms of any
security into which it is convertible, or for which it is exchangeable, in each case at the option
of the holder thereof),

-8-

 

 or upon the happening of any event, matures or is mandatorily redeemable, pursuant to a
sinking fund obligation or otherwise, or redeemable at the option of the holder thereof, in whole
or in part, on or prior to the date that is 91 days after the date on which the Notes mature.
Notwithstanding the preceding sentence, any Capital Stock that would constitute Disqualified Stock
solely because the holders thereof have the right to require the Company to repurchase such Capital
Stock upon the occurrence of a change of control or an asset sale shall not constitute Disqualified
Stock.

     “Domestic Restricted Subsidiary” means, with respect to the Company, any Restricted Subsidiary
that was formed under the laws of the United States of America or any state thereof.

     “Equity Interests” means Capital Stock and all warrants, options or other rights to acquire
Capital Stock (but excluding any debt security that is convertible into, or exchangeable for,
Capital Stock).

     “Equity Offering” means a public or private sale for cash by the Company of its Common Stock
(other than Disqualified Stock), or options, warrants or rights with respect to its Common Stock,
other than public offerings with respect to the Company’s Common Stock, or options, warrants or
rights, registered on Form S-4 or S-8.

     “Exclusive Agency and Marketing Agreement” means the Amended and Restated Exclusive Agency and
Marketing Agreement between the Company and Monsanto Company, dated as of September 30, 1998 (as
amended as of March 10, 2005 and March 28, 2008), as the same may be amended, modified, restated,
extended, renewed or replaced from time to time.

     “Existing Indebtedness” means Indebtedness of the Company and its Restricted Subsidiaries
(other than Indebtedness under the Credit Agreement and the Receivables Purchase Agreement) in
existence on the date of this Supplemental Indenture, until such amounts are repaid.

     “fair market value” means, with respect to any asset or property, the price which could be
negotiated in an arm’s-length, free market transaction, for cash, between a willing seller and a
willing and able buyer, neither of whom is under undue pressure or compulsion to complete the
transaction.

     “Fixed Charge Coverage Ratio” means, with respect to any specified Person for any period (for
purposes of this definition, the “Reference Period”), the ratio of Consolidated Cash Flow of such
Person for the Reference Period to the Fixed Charges of such Person for the Reference Period. In
the event that the specified Person or any of its Restricted Subsidiaries incurs, assumes,
Guarantees, redeems or otherwise repays any Indebtedness (other than the incurrence or repayment of
Indebtedness in the ordinary course of business for working capital purposes pursuant to any
revolving credit arrangement) or issues or redeems preferred stock, in each case, after the end of
the Reference Period and on or prior to the date of the event for which the calculation of the
Fixed Charge Coverage Ratio is made (for purposes of this definition, the “Calculation Date”), then
the Fixed Charge Coverage Ratio shall be calculated giving pro forma effect to such incurrence,
assumption, Guarantee, redemption or other repayment of Indebtedness, or such issuance or
redemption of preferred stock and all other such incurrences, assumptions, Guarantees, redemptions,
repayments or issuances that occurred after the first day of the Reference Period and on or prior
to the Calculation Date, in each case, as if the same had occurred at the beginning of the
Reference Period.

     In addition, for purposes of calculating the Fixed Charge Coverage Ratio:

     (1) acquisitions, dispositions or Investments outside the ordinary course of business
that have been made by the specified Person or any of its Restricted Subsidiaries, including
through mergers or consolidations and including any related financing transactions, after
the first

-9-

 

day of the Reference Period and on or prior to the Calculation Date shall be deemed to
have occurred on the first day of the Reference Period and Consolidated Cash Flow for the
Reference Period shall be calculated without giving effect to clause (3) of the proviso set
forth in the definition of “Consolidated Net Income”;

     (2) the Consolidated Cash Flow attributable to discontinued operations, as determined
in accordance with GAAP, shall be excluded; and

     (3) the Fixed Charges attributable to discontinued operations, as determined in
accordance with GAAP, and operations or businesses disposed of prior to the Calculation
Date, shall be excluded, but only to the extent that the obligations giving rise to such
Fixed Charges will not be obligations of the specified Person or any of its Restricted
Subsidiaries following the Calculation Date.

     “Fixed Charges” means, with respect to any Person for any period, the sum, without
duplication, of:

     (1) the consolidated net interest expense of such Person and its Restricted
Subsidiaries for such period, whether paid or accrued, including, without limitation,
amortization of original issue discount, non-cash interest payments, the interest component
of any deferred payment obligations, the interest component of all payments associated with
Capital Lease Obligations and Attributable Indebtedness, commissions, discounts and other
fees and charges incurred in respect of letter of credit or bankers’ acceptance financings,
and net payments, if any, pursuant to Hedging Obligations, but excluding amortization of
debt issuance costs and other non-cash amortization; plus

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

     (3) any interest expense on Indebtedness of another Person that is Guaranteed by such
Person or one of its Restricted Subsidiaries or secured by a Lien on assets of such Person
or one of its Restricted Subsidiaries, whether or not such Guarantee or Lien is called upon;
plus

     (4) the product of (a) all dividend payments, whether or not in cash, on any series of
preferred stock of such Person or any of its Restricted Subsidiaries, other than dividend
payments on Equity Interests payable solely in Equity Interests of the Company (other than
Disqualified Stock) or to the Company or a Restricted Subsidiary of the Company, times (b) a
fraction, the numerator of which is one and the denominator of which is one minus the then
current combined federal, state and local statutory tax rate of such Person, expressed as a
decimal, in each case, on a consolidated basis and in accordance with GAAP.

     “Foreign Subsidiary” means, with respect to the Company, any Subsidiary that was not formed
under the laws of the United States of America or any state thereof.

     “GAAP” means generally accepted accounting principles in the United States of America as in
effect on the Issue Date.

     “Guarantee” means a guarantee other than by endorsement of negotiable instruments for
collection in the ordinary course of business, direct or indirect, in any manner including, without
limitation, by way of a pledge of assets or through letters of credit or reimbursement agreements
in respect thereof, of all or any part of any Indebtedness.

-10-

 

     “Guarantors” means:

     (1) each Restricted Subsidiary of the Company on the date of this Supplemental
Indenture, except for the Company’s Foreign Subsidiaries and Scotts Global Services, Inc.,
an Ohio corporation; SMGM LLC, an Ohio limited liability company; SMG Brands, Inc., a
Delaware corporation; and Scotts Global Investments, Inc., a Delaware corporation; and

     (2) any other Subsidiary of the Company that executes a Subsidiary Guarantee in
accordance with the provisions of this Supplemental Indenture;

and their respective successors and assigns, in each case, until such Person is released from its
Subsidiary Guarantee in accordance with the terms of this Supplemental Indenture.

     “Hedging Obligations” of any Person means the obligations of such Person under swap, cap,
collar, forward purchase or similar agreements or arrangements dealing with interest rates,
currency exchange rates or commodity prices, either generally or under specific contingencies.

     “Indebtedness” means at any time (without duplication), with respect to any Person, whether
recourse is to all or a portion of the assets of such Person, or non-recourse, the following:

     (i) all indebtedness of such Person for money borrowed or for the deferred purchase
price of property, excluding any trade payables or other current liabilities incurred in the
ordinary course of business;

     (ii) all obligations of such Person evidenced by bonds, debentures, notes, or other
similar instruments;

     (iii) all unpaid reimbursement obligations of such Person with respect to letters of
credit, bankers’ acceptances or similar facilities issued for the account of such Person
(other than to the extent secured by cash or Cash Equivalents);

     (iv) all indebtedness created or arising under any conditional sale or other title
retention agreement with respect to property or assets acquired by such Person (even if the
rights and remedies of the seller or lender under such agreement in the event of default are
limited to repossession or sale of such property or assets);

     (v) all Capital Lease Obligations of such Person (but excluding obligations under
operating leases);

     (vi) the maximum fixed redemption or repurchase price of Disqualified Stock in such
Person at the time of determination;

     (vii) any Hedging Obligations of such Person at the time of determination;

     (viii) any Attributable Indebtedness; and

     (ix) all obligations of the types referred to in clauses (i) through (viii) of this
definition of another Person and all dividends and other distributions of another Person,
the payment of which, in either case, (A) such Person has Guaranteed or (B) is secured by
(or the holder of such Indebtedness or the recipient of such dividends or other
distributions has an existing right, whether contingent or otherwise, to be secured by) any
Lien upon the property or other assets of such

-11-

 

Person, even though such Person has not assumed or become liable for the payment of such
Indebtedness, dividends or other distributions.

For purposes of the foregoing:

     (a) the maximum fixed repurchase price of any Disqualified Stock that does not have a
fixed repurchase price shall be calculated in accordance with the terms of such Disqualified
Stock as if such Disqualified Stock was repurchased on any date on which Indebtedness shall
be required to be determined pursuant to this Supplemental Indenture; provided, however,
that, if such Disqualified Stock is not then permitted to be repurchased, the repurchase
price shall be the book value of such Disqualified Stock;

     (b) the amount outstanding at any time of any Indebtedness issued with original issue
discount is the principal amount of such Indebtedness less the remaining unamortized portion
of the original issue discount of such Indebtedness at such time as determined in conformity
with GAAP, but such Indebtedness shall be deemed incurred only as of the date of original
issuance thereof;

     (c) the amount of any Indebtedness described in clause (ix)(A) above shall be the
maximum liability under any such Guarantee;

     (d) the amount of any Indebtedness described in clause (ix)(B) above shall be the
lesser of (I) the maximum amount of the obligations so secured and (II) the fair market
value of such property or other assets; and

     (e) interest, fees, premium, and expenses and additional payments, if any, will not
constitute Indebtedness.

     Notwithstanding the foregoing, in connection with the purchase or sale by the Company or any
Restricted Subsidiary of any assets or business, the term “Indebtedness” will exclude (x) customary
indemnification obligations and (y) post-closing payment adjustments to which the other party may
become entitled to the extent such payment is determined by a final closing balance sheet or such
payment is otherwise contingent; provided, however, that such amount would not be required to be
reflected on the face of a balance sheet prepared in accordance with GAAP.

     “Indirect Participant” means a Person who holds a beneficial interest in a Global Note through
a Participant.

     “Investment Grade Rating” means a debt rating of the Notes of BBB- or higher by S&P and Baa3
or higher by Moody’s or the equivalent of such ratings by S&P and Moody’s or in the event S&P or
Moody’s shall cease rating the Notes and the Company shall select any other Rating Agency, the
equivalent of such ratings by such other Rating Agency.

     “Investments” means, with respect to any Person, all investments by such Person in other
Persons (including Affiliates) in the forms of direct or indirect loans (including guarantees of
Indebtedness or other obligations), advances or capital contributions (excluding commission, travel
and similar advances to officers and employees made in the ordinary course of business), purchases
or other acquisitions for consideration of Indebtedness, Equity Interests or other securities,
together with all items that are or would be classified as investments on a balance sheet prepared
in accordance with GAAP. If the Company or any Subsidiary of the Company sells or otherwise
disposes of any Equity Interests of any direct or indirect Subsidiary of the Company such that,
after giving effect to any such sale or disposition, such Person is no

-12-

 

longer a Subsidiary of the Company, the Company shall be deemed to have made an Investment on
the date of any such sale or disposition equal to the fair market value of the Equity Interests of
such Subsidiary not sold or disposed of in an amount determined as provided in Section 4.07(d).

     “Initial Notes” means the $200,000,000 aggregate principal amount of Notes issued under this
Supplemental Indenture on the Issue Date.

     “Issue Date” means January 14, 2010.

     “Joint Venture” means any joint venture which is, directly or indirectly, engaged primarily in
a Related Business, and the Equity Interests of which are owned by the Company and/or any of its
Restricted Subsidiaries and/or one or more Persons other than the Company and/or any of its
Affiliates.

     “Leverage Ratio” means, with respect to any specified Person as of any date, the ratio of (i)
Average Net Indebtedness of such Person on such date to (ii) Consolidated Cash Flow of such Person
for the period of four consecutive fiscal quarters ending on such date (for purposes of this
definition and the definition of Average Net Indebtedness, the “Reference Period”). In the event
that the specified Person or any of its Restricted Subsidiaries incurs, assumes, Guarantees,
redeems or otherwise repays any Indebtedness (other than the incurrence or repayment of
Indebtedness in the ordinary course of business for working capital purposes pursuant to any
revolving credit arrangement), or issues or redeems preferred stock, or makes any Specified
Payment, in each case, after the end of the Reference Period and on or prior to the date of the
event for which the calculation of the Leverage Ratio is made (for purposes of this definition, the
“Calculation Date”), then the Leverage Ratio shall be calculated giving pro forma effect to (x)
such incurrence, assumption, Guarantee, redemption or other repayment of Indebtedness, or (y) such
issuance or redemption of preferred stock, or (z) such Specified Payment (including the incurrence
of Indebtedness (without duplication of any incurrence included pursuant to the foregoing clause
(x)) or the use of cash to fund such Specified Payment) and (I) all other such incurrences,
assumptions, Guarantees, redemptions, repayments or issuances that occurred after the first day of
the Reference Period and on or prior to the Calculation Date and (II) all other Specified Payments
that occurred after the end of the Reference Period and on or prior to the Calculation Date, in
each case, as if the same had occurred at the beginning of the Reference Period.

     In addition, for purposes of calculating the Leverage Ratio:

     (1) acquisitions, dispositions or Investments outside the ordinary course of business
that have been made by the specified Person or any of its Restricted Subsidiaries, including
through mergers or consolidations and including any related financing transactions, after
the first day of the Reference Period and on or prior to the Calculation Date shall be
deemed to have occurred on the first day of the Reference Period and Consolidated Cash Flow
for such Reference Period shall be calculated without giving effect to clause (3) of the
proviso set forth in the definition of “Consolidated Net Income”;

     (2) the Consolidated Cash Flow attributable to discontinued operations, as determined
in accordance with GAAP, shall be excluded;

     (3) the Indebtedness attributable to discontinued operations, as determined in
accordance with GAAP, and operations or businesses disposed of prior to the Calculation
Date, shall be excluded, but only to the extent that the obligations giving rise to such
Fixed Charges will not be obligations of the specified Person or any of its Restricted
Subsidiaries following the Calculation Date; and

-13-

 

     (4) in giving pro forma effect to a Specified Payment, to the extent that the Specified
Payment would have exceeded the amount of cash and Cash Equivalents of such Person and its
Restricted Subsidiaries that would have been available to fund such Specified Payment as of
any date that Net Indebtedness is calculated, the amount of such excess shall be deemed to
have been funded by additional Indebtedness.

     “Lien” means, with respect to any asset, any mortgage, lien, pledge, charge, security interest
or encumbrance of any kind in respect of such asset, whether or not filed, recorded or otherwise
perfected under applicable law, including any conditional sale or other title retention agreement,
any lease in the nature thereof, any option or other agreement to sell or give a security interest
in and any filing of or agreement to give any financing statement under the Uniform Commercial Code
(or equivalent statutes) of any jurisdiction.

     “Moody’s” means Moody’s Investors Service, Inc. or any successor rating agency.

     “Net Cash Proceeds” with respect to any issuance or sale of Capital Stock, means the cash
proceeds of such issuance or sale net of attorneys’ fees, accountants’ fees, underwriters’ or
placement agents’ fees, listing fees, discounts or commissions and brokerage, consultant and other
fees and charges actually incurred in connection with such issuance or sale and net of taxes paid
or payable as a result of such issuance or sale (after taking into account any available tax credit
or deductions and any tax sharing arrangements).

     “Net Income” means, with respect to any Person, the net income (loss) attributable to such
Person and its Restricted Subsidiaries, determined in accordance with GAAP and before any reduction
in respect of preferred stock dividends, excluding, however:

     (1) any extraordinary gain or loss, together with any related provision for taxes on
such extraordinary gain or loss; and

     (2) any non-cash expenses attributable to grants or exercises of employee stock
options.

     “Net Indebtedness” means, in respect of any Person at any date, (a) the aggregate outstanding
principal amount of all Indebtedness for borrowed money of such Person and its Restricted
Subsidiaries at such date, plus (b) all other items which would properly be included as
indebtedness, determined in accordance with GAAP, on a consolidated balance sheet of such Person
and its Restricted Subsidiaries at such date, minus (c) unrestricted cash and Cash Equivalents set
forth on the consolidated balance sheet of such Person and its Restricted Subsidiaries as at such
date.

     “Net Proceeds” means the aggregate cash proceeds received by the Company or any of its
Restricted Subsidiaries in respect of any Asset Sale (including, without limitation, any cash
received upon the sale or other disposition of any non-cash consideration received in any Asset
Sale), net of the direct costs relating to such Asset Sale, including, without limitation, legal,
accounting and investment banking fees, and sales commissions, and any relocation expenses incurred
as a result thereof, taxes paid or payable as a result thereof, in each case after taking into
account any available tax credits or deductions and any tax sharing arrangements and amounts
required to be applied to the repayment of Indebtedness secured by a Lien on the asset or assets
that were the subject of such Asset Sale.

-14-

 

     “Non-Recourse Debt” means Indebtedness:

     (1) as to which neither the Company nor any of its Restricted Subsidiaries (a) provides
credit support of any kind (including any undertaking, agreement or instrument that would
constitute Indebtedness), (b) is directly or indirectly liable as a guarantor or otherwise,
or (c) constitutes the lender;

     (2) no default with respect to which (including any rights that the holders thereof may
have to take enforcement action against an Unrestricted Subsidiary) would permit upon
notice, lapse of time or both any holder of any other Indebtedness (other than the Notes) of
the Company or any of its Restricted Subsidiaries to declare a default on such other
Indebtedness or cause the payment thereof to be accelerated or payable prior to its Stated
Maturity; and

     (3) as to which the lenders have been notified in writing that they will not have any
recourse to the stock or assets of the Company or any of its Restricted Subsidiaries.

     “Obligations” means any principal, interest, penalties, fees, indemnifications,
reimbursements, damages and other liabilities payable under the documentation governing any
Indebtedness.

     “Opinion of Counsel” means a written opinion from legal counsel, who may be internal counsel
for the Company, or who is otherwise reasonably acceptable to the Trustee complying with certain
provisions in the Base Indenture.

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

     “Permitted Additional Restricted Payment” means additional Restricted Payments made by the
Company, if before and after giving pro forma effect to such Restricted Payment, the Leverage Ratio
of the Company as of the end of the most recently ended fiscal quarter for which internal financial
statements are available is less than 2.25:1.00.

     “Permitted Investments” means:

     (1) any Investment in the Company or in a Restricted Subsidiary of the Company;

     (2) any Investment in Cash Equivalents;

     (3) any Investment by the Company or any Restricted Subsidiary of the Company in a
Person, if as a result of such Investment:

     (a) such Person becomes a Restricted Subsidiary of the Company; or

     (b) such Person is merged, consolidated or amalgamated with or into, or
transfers or conveys substantially all of its assets to, or is liquidated into, the
Company or a Restricted Subsidiary of the Company;

     (4) any Investment made as a result of the receipt of non-cash consideration from an
Asset Sale that was made pursuant to and in compliance with Section 4.10;

     (5) any acquisition of assets solely in exchange for the issuance of Equity Interests
(other than Disqualified Stock) of the Company;

-15-

 

     (6) investments in accounts or notes receivable acquired in the ordinary course of
business;

     (7) [intentionally omitted;]

     (8) any payment by the Company or any of its Restricted Subsidiaries pursuant to the
Exclusive Agency and Marketing Agreement;

     (9) loans and advances to employees and officers of the Company and its Restricted
Subsidiaries in the ordinary course of business for bona fide business purposes not in
excess of $5.0 million at any one time outstanding;

     (10) Investments in securities received in settlement of obligations of trade creditors
or customers in the ordinary course of business or in satisfaction of judgments or pursuant
to any plan of reorganization or similar arrangement upon the bankruptcy or insolvency of
trade creditors or customers; and Investments made in settlement or exchange for extensions
of trade credit (including trade receivables) by the Company and its Restricted Subsidiaries
on commercially reasonable terms in accordance with normal trade practices of the Company or
such Restricted Subsidiary, as the case may be;

     (11) workers’ compensation, utility, lease and similar deposits and prepaid expenses in
the ordinary course of business and endorsements of negotiable instruments and documents in
the ordinary course of business;

     (12) reclassification of any Investment initially made in the form of equity as a loan
or advance, and reclassification of any Investment initially made in the form of a loan or
advance as equity; provided in each case that the amount of such Investment is not increased
thereby;

     (13) other Investments in any Person having an aggregate fair market value (measured on
the date each such Investment was made and without giving effect to subsequent changes in
value), when taken together with all other Investments made pursuant to this clause (13)
that are at any time outstanding, not to exceed $100.0 million; and

     (14) Investments in Joint Ventures having an aggregate fair market value (measured on
the date each such Investment was made and without giving effect to subsequent changes in
value), when taken together with all other Investments made pursuant to this clause (14)
that are at any time outstanding, not to exceed the greater of (x) $150.0 million and (y)
7.5% of Consolidated Total Assets.

     “Permitted Liens” means:

     (1) Liens securing Indebtedness under Credit Facilities incurred pursuant to clause (1)
of Section 4.09(b);

     (2) Liens in favor of the Company or the Guarantors;

     (3) Liens on property of a Person existing at the time such Person is merged with or
into or consolidated with the Company or any Subsidiary of the Company; provided that such
Liens were not entered into in contemplation of such merger or consolidation and do not
extend to any assets other than those of the Person merged into or consolidated with the
Company or the Subsidiary;

-16-

 

     (4) Liens on property existing at the time of acquisition thereof by the Company or any
Subsidiary of the Company; provided that such Liens were not entered into in contemplation
of such acquisition;

     (5) Liens to secure Indebtedness (including Capital Lease Obligations) permitted by
clause (4) of Section 4.09(b) covering only the assets financed with such Indebtedness and
additions and improvements thereon;

     (6) Liens existing on the date of this Supplemental Indenture;

     (7) Liens for taxes, assessments or governmental charges or claims that are not yet
delinquent or that are being contested in good faith by appropriate proceedings promptly
instituted and diligently concluded, provided that any reserve or other appropriate
provision as shall be required in conformity with GAAP shall have been made therefor;

     (8) Liens securing Indebtedness or trade payables and any related obligations; provided
that the aggregate amount of Indebtedness and trade payables secured by this clause (8)
shall not exceed $50.0 million at any one time outstanding;

     (9) Liens securing Attributable Indebtedness under Sale and Leaseback Transactions
incurred in compliance with Section 4.05; provided that the aggregate amount of Attributable
Indebtedness secured by this clause (9) shall not exceed $75.0 million at any one time
outstanding;

     (10) statutory Liens of landlords and Liens of carriers, warehousemen, mechanics,
suppliers, materialmen, repairmen and other Liens imposed by law incurred in the ordinary
course of business; Liens in favor of customs and revenue authorities arising as a matter of
law to secure payment of customs duties in connection with the importation of goods; and any
other Liens imposed by operation of law which do not materially affect the Company’s ability
to perform its obligations under the Notes and this Indenture;

     (11) Liens incurred or deposits made in the ordinary course of business in connection
with workers’ compensation, unemployment insurance and other types of social security or
similar obligations, including any Lien securing letters of credit issued in the ordinary
course of business consistent with past practice in connection therewith, or to secure the
performance of tenders, statutory obligations, surety and appeal bonds, bids, leases,
government contracts, performance and return-of-money bonds and other similar obligations
(exclusive of obligations for the payment of borrowed money);

     (12) judgment Liens not giving rise to an Event of Default so long as such Lien is
adequately bonded and any appropriate legal proceedings which may have been duly initiated
for the review of such judgment shall not have been finally terminated or the period within
which such proceedings may be initiated shall not have expired;

     (13) easements, rights-of-way, zoning restrictions and other similar charges or
encumbrances in respect of real property not interfering in any material respect with the
ordinary conduct of the business of the Company or any of its Restricted Subsidiaries;

     (14) any interest or title of a lessor under any lease, whether or not characterized as
capital or operating; provided that such Liens do not extend to any property or assets which
is not leased property subject to such lease;

-17-

 

     (15) Liens upon specific items of inventory or other goods and proceeds of any Person
securing such Person’s obligations in respect of bankers’ acceptances issued or created for
the account of such Person to facilitate the purchase, shipment or storage of such inventory
or other goods;

     (16) Liens securing reimbursement obligations with respect to letters of credit which
encumber documents and other property relating to such letters of credit and products and
proceeds thereof;

     (17) Liens encumbering deposits made to secure obligations arising from statutory,
regulatory, contractual or warranty requirements of the Company or any of its Restricted
Subsidiaries, including rights of offset and set-off;

     (18) leases or subleases granted to others not interfering in any material respect with
the business of the Company or its Restricted Subsidiaries;

     (19) Liens arising out of consignment or similar arrangements for the sale of goods
entered into by the Company or any of its Restricted Subsidiaries in the ordinary course of
business;

     (20) rights of banks to set off deposits against debts owed to said bank; and

     (21) Liens on accounts receivable originated by the Company and its Restricted
Subsidiaries, any related assets and any proceeds thereof that are sold, conveyed or
otherwise transferred pursuant to a Receivables Financing permitted pursuant to clause (10)
of Section 4.09(b).

     During any Suspension Period, the relevant clauses of Section 4.09 shall be deemed to be in
effect solely for purposes of determining the amount available under clauses (1) and (5) above.

     “Permitted Refinancing Indebtedness” means any Indebtedness of the Company or any of its
Restricted Subsidiaries issued in exchange for, or the net proceeds of which are used to extend,
refinance, renew, replace, defease or refund, other Indebtedness of the Company or any of its
Restricted Subsidiaries (other than intercompany Indebtedness) (such other Indebtedness,
“Refinanced Indebtedness”); provided that:

     (1) the principal amount (or accreted value, if applicable) of such Permitted
Refinancing Indebtedness does not exceed the principal amount of (or accreted value, if
applicable), plus accrued interest on, the Refinanced Indebtedness (plus the amount of
reasonable expenses incurred in connection therewith including premiums paid, if any, to the
holders thereof);

     (2) such Permitted Refinancing Indebtedness has a final maturity date later than the
final maturity date of the Refinanced Indebtedness, and the portion, if any, of the
Permitted Refinancing Indebtedness that is scheduled to mature on or prior to the maturity
date of the Notes has a Weighted Average Life to Maturity at the time such Permitted
Refinancing Indebtedness is incurred that is equal to or greater than the Weighted Average
Life to Maturity of the portion of the Refinanced Indebtedness that is scheduled to mature
on or prior to the maturity date of the Notes;

     (3) if the Refinanced Indebtedness is subordinated in right of payment to the Notes,
such Permitted Refinancing Indebtedness is subordinated in right of payment to the Notes on
terms at least as favorable to the Holders of Notes as those contained in the documentation
governing the Refinanced Indebtedness;

-18-

 

     (4) such Indebtedness shall not be incurred by a Restricted Subsidiary that is not a
Guarantor to refinance debt of the Company or a Guarantor; and

     (5) the proceeds of the Permitted Refinancing Indebtedness shall be used substantially
concurrently with the incurrence thereof to redeem or refinance the Refinanced Indebtedness,
unless, in the case of a redemption or refinancing, the Refinanced Indebtedness is not then
due and is not redeemable or prepayable at the option of the obligor thereof or is
redeemable or prepayable only with notice, in which case such proceeds shall be held in a
segregated account of the obligor of the Refinanced Indebtedness until the Refinanced
Indebtedness becomes due or redeemable or prepayable or such notice period lapses and then
shall be used to refinance the Refinanced Indebtedness; provided that in any event the
Refinanced Indebtedness shall be redeemed or refinanced within six months of the incurrence
of the Refinancing Indebtedness.

     “Person” means any individual, corporation, limited liability company, partnership, joint
venture, association, joint-stock company, trust, estate, unincorporated organization or government
or any agency or political subdivision thereof or any other entity (including any subdivision or
ongoing business of any such entity or substantially all of the assets of any such entity,
subdivision or business).

     “principal” of a Note means the principal of the Notes plus the premium, if any, payable on
the Note which is due or overdue or is to become due at the relevant time.

     “Principals” means the Hagedorn Partnership, L.P. and the general partners of the Hagedorn
Partnership, L.P. on the Issue Date and, in the case of such individuals, their respective
executors, administrators and heirs and their families and trusts for their benefit.

     “Prospectus Supplement” means the prospectus supplement of the Company dated January 11, 2010,
relating to the Notes.

     “Rating Agency” means each of S&P and Moody’s, or if S&P or Moody’s or both shall not make a
rating on the Notes publicly available (for reasons outside the control of the Company), a
statistical rating agency or agencies, as the case may be, nationally recognized in the United
States and selected by the Company (as certified by a resolution of the Board of Directors) which
shall be substituted for S&P or Moody’s, or both, as the case may be.

     “Receivables Financing” means, with respect to the Company or any of its Restricted
Subsidiaries, any discounting, factoring or securitization arrangement (including, for the
avoidance of doubt, the Receivables Purchase Agreement) pursuant to which the Company or any
Restricted Subsidiary sells, conveys or otherwise transfers to a Restricted Subsidiary or any other
Person, or grants a security interest in, any accounts receivable originated by the Company or such
Restricted Subsidiary, as the case may be, together with any related assets, or pursuant to which
ownership interests in, or notes, commercial paper, certificates or other debt instruments may be
secured by such accounts receivable and related assets.

     “Receivables Purchase Agreement” means the Master Accounts Receivable Purchase Agreement dated
as of May 1, 2009, by and among The Scotts Company LLC, as seller, the Company, as guarantor, and
Calyon New York Branch, as purchaser, as amended, modified, renewed, refunded, replaced or
refinanced from time to time.

     “Related Business” means the business conducted (or proposed to be conducted) by the Company
and its Subsidiaries as of the Issue Date and any and all businesses that in the good faith
judgment of the Board of Directors of the Company are reasonably related thereto.

-19-

 

     “Related Party” with respect to any Principal means any trust, corporation, partnership or
other entity, the beneficiaries, stockholders, partners, owners or Persons beneficially holding an
80% or more controlling interest of which consist of such Principal.

     “Restricted Investment” means an Investment other than a Permitted Investment.

     “Restricted Subsidiary” of a Person means any Subsidiary of the referent Person that is not an
Unrestricted Subsidiary.

     “S&P” means Standard & Poor’s Rating Services, a division of McGraw Hill, Inc., a New York
corporation, or any successor rating agency.

     “Sale and Leaseback Transactions” means with respect to any Person an arrangement with any
bank, insurance company or other lender or investor or to which such lender or investor is a party,
providing for the leasing by such Person of any asset of such Person which has been or is being
sold or transferred by such Person to such lender or investor or to any Person to whom funds have
been or are to be advanced by such lender or investor on the security of such asset.

     “Significant Subsidiary” means (1) any Subsidiary that would be a “significant subsidiary” as
defined in Article 1, Rule 1-02 of Regulation S-X, promulgated pursuant to the Exchange Act, as
such Regulation is in effect on the date hereof, and (2) any Restricted Subsidiary that when
aggregated with all other Restricted Subsidiaries that are not otherwise Significant Subsidiaries
would constitute a Significant Subsidiary under clause (1) of this definition.

     “Specified Payments” means Permitted Investments pursuant to clauses (13) and (14) of the
definition of “Permitted Investments” and Restricted Payments pursuant to Section 4.07(a) and
clauses (5) and (6) of Section 4.07(b), in each case, to the extent made in cash or Cash
Equivalents.

     “Stated Maturity” means, with respect to any installment of interest or principal on any
series of Indebtedness, the date on which such payment of interest or principal was scheduled to be
paid in the original documentation governing such Indebtedness, and shall not include any
contingent obligations to repay, redeem or repurchase any such interest or principal prior to the
date originally scheduled for the payment thereof.

     “Subsidiary” means, with respect to any Person:

     (1) any corporation, association or other business entity (other than a partnership) of
which more than 50% of the total voting power of shares of Capital Stock entitled (without
regard to the occurrence of any contingency) to vote in the election of directors, managers
or trustees thereof is at the time owned or controlled, directly or indirectly, by such
Person or one or more of the other Subsidiaries of that Person (or a combination thereof);
and

     (2) any partnership (a) the sole general partner or the managing general partner of
which is such Person or a Subsidiary of such Person or (b) the only general partners of
which are such Person or of one or more Subsidiaries of such Person (or any combination
thereof).

     “Treasury Rate” means the yield to maturity at the time of computation of United States
Treasury securities with a constant maturity (as compiled and published in the most recent Federal
Reserve Statistical Release H.15 (519) which has become publicly available at least two Business
Days prior to the Redemption Date (or, if such Statistical Release is no longer published, any
publicly available source of similar market data)) most nearly equal to the period from the
Redemption Date to January 15, 2014;

-20-

 

 provided, however, that if the period from the Redemption Date to January 15, 2014 is not equal
to the constant maturity of a United States Treasury security for which a weekly average yield is
given, the Treasury Rate shall be obtained by linear interpolation (calculated to the nearest
one-twelfth of a year) from the weekly average yields of United States Treasury securities for
which such yields are given, except that if the period from the Redemption Date to January 15, 2014
is less than one year, the weekly average yield on actually traded United States Treasury
securities adjusted to a constant maturity of one year shall be used.

     “Unrestricted Subsidiary” means any Subsidiary of the Company that is designated by the Board
of Directors as an Unrestricted Subsidiary pursuant to a Board Resolution, but only to the extent
that such Subsidiary:

     (1) has no Indebtedness other than Non-Recourse Debt;

     (2) is not party to any agreement, contract, arrangement or understanding with the
Company or any Restricted Subsidiary of the Company unless the terms of any such agreement,
contract, arrangement or understanding are no less favorable to the Company or such
Restricted Subsidiary than those that might be obtained at the time from Persons who are not
Affiliates of the Company;

     (3) is a Person with respect to which neither the Company nor any of its Restricted
Subsidiaries has any direct or indirect obligation (a) to subscribe for additional Equity
Interests or (b) to maintain or preserve such Person’s financial condition or to cause such
Person to achieve any specified of operating results; and

     (4) has not guaranteed or otherwise directly or indirectly provided credit support for
any Indebtedness of the Company or any of its Restricted Subsidiaries.

     Any designation of a Subsidiary of the Company as an Unrestricted Subsidiary shall be
evidenced to the Trustee by filing with the Trustee a certified copy of the Board Resolution giving
effect to such designation and an Officers’ Certificate certifying that such designation complied
with the preceding conditions and was permitted by Section 4.07. If, at any time, any Unrestricted
Subsidiary would fail to meet the preceding requirements as an Unrestricted Subsidiary, it shall
thereafter cease to be an Unrestricted Subsidiary for purposes of this Supplemental Indenture and
any Indebtedness of such Subsidiary shall be deemed to be incurred by a Restricted Subsidiary of
the Company as of such date and, if such Indebtedness is not permitted to be incurred as of such
date under Section 4.09, the Company shall be in default of such covenant. The Board of Directors
of the Company may at any time designate any Unrestricted Subsidiary to be a Restricted Subsidiary;
provided that such designation shall be deemed to be an incurrence of Indebtedness by a Restricted
Subsidiary of the Company of any outstanding Indebtedness of such Unrestricted Subsidiary and such
designation shall only be permitted if (1) such Indebtedness is permitted under Section 4.09,
calculated on a pro forma basis as if such designation had occurred at the beginning of the
four-quarter reference period; and (2) no Default or Event of Default would be in existence
following such designation.

     If a Guarantor is designated as an Unrestricted Subsidiary, the Subsidiary Guarantee of that
Guarantor shall be released. If an Unrestricted Subsidiary becomes a Restricted Subsidiary, such
Restricted Subsidiary shall become a Guarantor in accordance with the terms of this Supplemental
Indenture.

     Notwithstanding the foregoing, no Subsidiary of the Company shall be designated an
Unrestricted Subsidiary during any Suspension Period.

-21-

 

     “U.S. Dollar Equivalent” means, with respect to any monetary amount in a currency other than
U.S. dollars, at any time for determination thereof, the amount of U.S. dollars obtained by
converting such foreign currency involved in such computation into U.S. dollars at the spot rate
for the purpose of U.S. dollars with the applicable foreign currency as published in The Wall
Street Journal in the “Exchange Rates” column under the heading “Currency Trading” on the date two
Business Days prior to such determination.

     “U.S. Government Obligations” means direct non-callable obligations of, or guaranteed by, the
United States of America for the payment of which guarantee or obligations the full faith and
credit of the United States is pledged.

     “Voting Stock” of any Person as of any date means the Capital Stock of such Person that is at
the time entitled to vote in the election of the Board of Directors of such Person.

     “Weighted Average Life to Maturity” means, when applied to any Indebtedness at any date, the
number of years obtained by dividing:

     (1) the sum of the products obtained by multiplying (a) the amount of each then
remaining installment, sinking fund, serial maturity or other required payments of
principal, including payment at final maturity, in respect thereof, by (b) the number of
years (calculated to the nearest one-twelfth) that will elapse between such date and the
making of such payment; by

     (2) the then outstanding principal amount of such Indebtedness.

     “Wholly Owned Restricted Subsidiary” of any Person means a Restricted Subsidiary of such
Person all of the outstanding Capital Stock or other ownership interests of which (other than
directors’ qualifying shares) shall at the time be owned by such Person and/or by one or more
Wholly Owned Restricted Subsidiaries of such Person.

SECTION 1.03. Other Definitions.

	 	 	 	 	 
	Term

	 	Defined in Section

	Affiliate Transaction

	 	 	4.11	(a)
	 
	 	 	 	 
	Base Indenture

	 	Recitals

	 
	 	 	 	 
	Change of Control Offer

	 	 	4.13	(a)
	 
	 	 	 	 
	Company

	 	Preamble

	 
	 	 	 	 
	DTC

	 	 	2.02	(a)
	 
	 	 	 	 
	Event of Default

	 	 	6.01	 
	 
	 	 	 	 
	incur

	 	 	4.09	(a)
	 
	 	 	 	 
	Indenture

	 	Recitals

	 
	 	 	 	 
	Net Proceeds Offer

	 	 	4.10	(c)
	 
	 	 	 	 
	Net Proceeds Offer Amount

	 	 	4.10	(c)
	 
	 	 	 	 
	Net Proceeds Offer Trigger Date

	 	 	4.10	(c)
	 
	 	 	 	 
	Notes

	 	Recitals

-22-

 

	 	 	 	 	 
	Term

	 	Defined in Section

	Offer Amount

	 	 	3.04	(b)
	 
	 	 	 	 
	Offer to Purchase

	 	 	3.04	(a)
	 
	 	 	 	 
	Pari Passu Indebtedness

	 	 	4.10	(c)
	 
	 	 	 	 
	Permitted Debt

	 	 	4.09	(b)
	 
	 	 	 	 
	Purchase Date

	 	 	3.04	(b)
	 
	 	 	 	 
	Restricted Payments

	 	 	4.07	(a)
	 
	 	 	 	 
	Supplemental Indenture

	 	Preamble

	 
	 	 	 	 
	Surviving Entity

	 	 	5.01	(a)
	 
	 	 	 	 
	Suspended Covenants

	 	 	4.16	 
	 
	 	 	 	 
	Suspension Period

	 	 	4.16	 
	 
	 	 	 	 
	Trustee

	 	Preamble

SECTION 1.04. Incorporation by Reference of Trust Indenture Act.

     (a) Whenever this Supplemental Indenture refers to a provision of the Trust Indenture Act, the
provision is incorporated by reference in and made a part of this Supplemental Indenture.

     (b) The following Trust Indenture Act terms used in this Supplemental Indenture have the
following meanings:

     “indenture securities” means the Notes and the Guarantees;

     “indenture security holder” means a Holder;

     “indenture to be qualified” means this Indenture;

     “indenture trustee” or “institutional trustee” means the Trustee; and

     “obligor” on the Notes means the Company and any successor obligor upon the Notes.

     (c) All other terms used in this Supplemental Indenture that are defined by the Trust
Indenture Act, defined by Trust Indenture Act reference to another statute or defined by SEC rule
under the Trust Indenture Act and not otherwise defined herein have the meanings so assigned to
them either in the Trust Indenture Act, by another statute or SEC rule, as applicable.

SECTION 1.05. Rules of Construction.

     (a) Unless the context otherwise requires:

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

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

     (iii) “or” is not exclusive;

-23-

 

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

     (v) all references in this instrument to “Articles,” “Sections” and other subdivisions
are to the designated Articles, Sections and subdivisions of this instrument as originally
executed;

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

     (vii) “including” means “including without limitation”;

     (viii) provisions apply to successive events and transactions; and

     (ix) references to sections of or rules under the Securities Act, the Exchange Act or
the Trust Indenture Act shall be deemed to include substitute, replacement or successor
sections or rules adopted by the Commission from time to time thereunder.

ARTICLE 2

THE NOTES

     Pursuant to Sections 2.01 and 3.01 of the Base Indenture, the provisions of this Article 2
establish the form of the Notes under this Supplemental Indenture.

SECTION 2.01. Form and Dating.

     (a) General. The Notes and the Trustee’s certificate of authentication shall be
substantially in the form of Exhibit A hereto, which is hereby incorporated in and
expressly made part of this Supplemental Indenture. The Notes may have notations, legends or
endorsements required by law, stock exchange rule or usage in addition to those set forth on
Exhibit A. Each Note shall be dated the date of its authentication. The terms and
provisions contained in the Notes shall constitute, and are hereby expressly made, a part of this
Supplemental Indenture and the Company, the Guarantors and the Trustee, by their execution and
delivery of this Supplemental Indenture, expressly agree to such terms and provisions and to be
bound thereby. However, to the extent any provision of any Note conflicts with the express
provisions of this Supplemental Indenture, the provisions of this Supplemental Indenture shall
govern and be controlling.

     (b) Book-Entry Provisions. This Section 2.01(b) shall only apply to Global Notes
deposited with the Trustee, as custodian for the Depositary. Participants and Indirect
Participants shall have no rights under this Supplemental Indenture with respect to any Global Note
held on their behalf by the Depositary or by the Trustee as the custodian for the Depositary or
under such Global Note, and the Depositary shall be treated by the Company, the Trustee and any
agent of the Company or the Trustee as the absolute owner of such Global Note for all purposes
whatsoever. Notwithstanding the foregoing, nothing herein shall prevent the Company, the Trustee
or any agent of the Company or the Trustee from giving effect to any written certification, proxy
or other authorization furnished by the Depositary or impair, as between the Depositary and its
Participants or Indirect Participants, the Applicable Procedures or the operation of customary
practices of the Depositary governing the exercise of the rights of a holder of a beneficial
interest in any Global Note.

     (c) Certificated Notes. Except as otherwise provided in this Indenture, owners of
beneficial interests in Global Notes will not be entitled to receive physical delivery of
certificated Notes.

-24-

 

SECTION 2.02. Registrar and Paying Agent.

     (a) The Company initially appoints The Depository Trust Company (“DTC”) to act as Depositary
with respect to the Global Notes.

     (b) The Company initially appoints the Trustee to act as the Registrar and Paying Agent with
respect to the Notes, and the Trustee hereby initially agrees so to act.

SECTION 2.03. Additional Notes.

     The Company shall be entitled, subject to its compliance with Section 4.09, to issue
Additional Notes under this Supplemental Indenture in an unlimited aggregate principal amount which
shall have identical terms as the Initial Notes, other than with respect to the date of issuance
and issue price and first payment of interest. The Initial Notes and any Additional Notes shall be
treated as a single class for all purposes under this Supplemental Indenture, including, without
limitation, waivers, amendments, redemptions and offers to purchase.

     With respect to any Additional Notes, the Company shall set forth in a resolution of its Board
of Directors and an Officers’ Certificate, a copy of each which shall be delivered to the Trustee,
the following information:

     (a) the aggregate principal amount of such Additional Notes to be authenticated and
delivered pursuant to this Supplemental Indenture; and

     (b) the issue price, the issue date and the CUSIP number(s) of such Additional Notes.

ARTICLE 3

REDEMPTION AND PREPAYMENT

SECTION 3.01. Notices to Trustee.

     If the Company elects to redeem Notes pursuant to the optional redemption provisions of
Section 3.02 of this Supplemental Indenture and paragraph 5 of the Notes, it shall furnish to the
Trustee an Officers’ Certificate setting forth (i) the Section of this Supplemental Indenture
pursuant to which the redemption shall occur, (ii) the Redemption Date, (iii) the principal amount
of Notes to be redeemed, and (iv) the Redemption Price. If the Company elects to redeem Notes
pursuant to the provisions of Section 3.02 of this Supplemental Indenture and paragraph 5 of the
Notes, it shall furnish such Officers’ Certificate to the Trustee at least 30 days but not more
than 60 days before a Redemption Date unless a shorter notice shall be reasonably satisfactory to
the Trustee. Each Officers’ Certificate shall be accompanied by an Opinion of Counsel from the
Company to the effect that such redemption will comply with the conditions herein. Any such notice
may be cancelled at any time prior to notice of such redemption being mailed to any Holder and
shall, therefore, be void and of no effect.

SECTION 3.02. Optional Redemption.

     (a) On or after January 15, 2014, the Company may redeem all or a part of the Notes upon not
less than 30 nor more than 60 days’ notice, at the Redemption Prices (expressed as percentages of
principal amount) set forth below plus accrued and unpaid interest to the applicable Redemption
Date, if redeemed during the twelve-month period beginning on January 15 of the years indicated
below:

-25-

 

	 	 	 	 	 
	 	 	Redemption	 
	Redemption Year	 	Price	 
	2014
	 	 	103.625	%
	2015
	 	 	101.813	%
	2016 and thereafter
	 	 	100.000	%

     (b) Prior to January 15, 2013, the Company may on any one or more occasions redeem up to 35%
of the aggregate principal amount of Notes issued under this Supplemental Indenture with the Net
Cash Proceeds of one or more Equity Offerings at a Redemption Price of 107.250% of the principal
amount thereof, plus accrued and unpaid interest, if any, to the Redemption Date (subject to the
right of holders of record on the relevant record date to receive interest due on the relevant
interest payment date); provided that:

     (1) at least 65% of the aggregate principal amount of Notes issued under this
Supplemental Indenture remains outstanding after each such redemption; and

     (2) the redemption occurs within 60 days after the closing of such Equity Offering.

     (c) In addition, at any time prior to January 15, 2014, the Company may redeem all or a part
of the Notes upon not less than 30 nor more than 60 days’ notice, at a Redemption Price equal to
100% of the principal amount thereof plus the Applicable Premium plus accrued and unpaid interest,
if any, to the Redemption Date.

     (d) Notices of redemption may not be conditional.

     (e) If an optional Redemption Date is on or after a Regular Record Date and on or before the
related Interest Payment Date, the accrued and unpaid interest, if any, will be paid to the Person
in whose name the Note is registered at the close of business on such Regular Record Date, and no
additional interest will be payable to Holders whose Notes will be subject to redemption by the
Company.

SECTION 3.03. Mandatory Redemption.

     The Company shall not be required to make mandatory redemption or sinking fund payments with
respect to the Notes. The foregoing shall not affect the Company’s obligations under Sections 4.10
and 4.13.

SECTION 3.04. Repurchase at the Option of Holders.

     (a) In the event that, pursuant to Section 4.10 or Section 4.13, the Company shall be required
to commence an offer to all Holders to purchase Notes and, at the Company’s option, holders of
other Pari Passu Indebtedness (each, an “Offer to Purchase”), it shall follow the procedures
specified below.

     (b) Within 25 days following a Net Proceeds Offer Trigger Date and within 30 days following a
Change of Control, the Company shall mail a notice to each Holder, with a copy to the Trustee,
describing the transaction or transactions that triggered the Offer to Purchase and offering to
purchase Notes on the date (the “Purchase Date”) specified in such notice. The notice shall contain
all instructions and materials necessary to enable such Holders to tender Notes pursuant to the
Offer to Purchase. The Offer to Purchase shall be made to all Holders. The notice, which shall
govern the terms of the Offer to Purchase, shall state:

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     (1) that the Offer to Purchase is being made pursuant to this Section 3.04 and Section
4.10 or 4.13, as the case may be, and the length of time the Offer to Purchase shall remain
open;

     (2) that either (a) in the case of a Change of Control Offer, a Change of Control has
occurred and that such Holder has the right to require the Company to purchase such holder’s
Notes at a purchase price in cash equal to 101% of the principal amount thereof or (b) in
the case of a Net Proceeds Offer, there are Net Proceeds in an amount such that such Holder
has the right to require the Company to purchase such Holder’s Notes at 100% of the
principal amount thereof, in each case, plus accrued and unpaid interest, if any, to the
Purchase Date (subject to the right of Holders of record on the relevant Regular Record Date
to receive interest on an Interest Payment Date that is on or prior to the date fixed for
purchase);

     (3) the Purchase Date (which shall be a Business Day no earlier than 30 days nor later
than 60 days following the applicable Net Proceeds Offer Trigger Date, in the case of a Net
Proceeds Offer, or the date such notice is mailed, in the case of a Change of Control
Offer);

     (4) the aggregate principal amount of Notes (and in the case of a Net Proceeds Offer,
Pari Passu Indebtedness) being offered to be purchased (the “Offer Amount”), which shall be
equal to the Net Proceeds Offer Amount in the case of a Net Proceeds Offer and the principal
amount of all Notes outstanding in the case of a Change of Control Offer; information as to
any other Pari Passu Indebtedness included in the Offer to Purchase (in the case of a Net
Proceeds Offer); and the purchase price and the Purchase Date;

     (5) that any Note not tendered or accepted for payment shall continue to accrete or
accrue interest;

     (6) that, unless the Company defaults in making such payment, any Note accepted for
payment pursuant to the Offer to Purchase shall cease to accrue interest after the Purchase
Date;

     (7) that Holders electing to have a Note purchased pursuant to any Offer to Purchase
shall be required to surrender the Note, with the form entitled “Option of Holder to Elect
Purchase” on the reverse of the Note completed, or transfer by book-entry transfer, to the
Company, a Depositary, if appointed by the Company, or a Paying Agent at the address
specified in the notice at least three days before the Purchase Date;

     (8) that Holders shall be entitled to withdraw their election if the Company, the
Depositary or the Paying Agent, as the case may be, receives, not later than the second
Business Day prior to the Purchase Date, a telegram, telex, facsimile transmission or letter
setting forth the name of the Holder, the principal amount of the Note the Holder delivered
for purchase and a statement that such Holder is withdrawing his election to have such Note
purchased;

     (9) that, in the case of a Net Proceeds Offer, if the aggregate principal amount of
Notes tendered by Holders into an Offer to Purchase exceeds the Offer Amount, the Trustee
shall select the Notes to be purchased (i) if the Notes are listed, in compliance with the
requirements of the principal national securities exchange on which the Notes are then
listed or (ii) if the Notes are not so listed, on a pro rata basis (with such adjustments as
may be deemed appropriate by the Company so that only Notes in denominations of $2,000, or
integral multiples of $1,000, shall be purchased);

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     (10) that Holders whose Notes were purchased only in part shall be issued new Notes
equal in principal amount to the unpurchased portion of the Notes surrendered (or
transferred by book-entry transfer); and

     (11) in the case of a Change of Control Offer, the circumstances and relevant facts
regarding such Change of Control.

     (c) If the Purchase Date is on or after a Regular Record Date and on or before the related
Interest Payment Date, any accrued and unpaid interest shall be paid to the Person in whose name a
Note is registered at the close of business on such Regular Record Date, and no additional interest
shall be payable to Holders who tender Notes pursuant to the Offer to
Purchase.

     (d) On or before the Purchase Date, the Company shall, to the extent lawful, accept for
payment, in accordance with clause (9) of Section 3.04(b), the Offer Amount of Notes or portions
thereof tendered pursuant to the Offer to Purchase, or if less than the Offer Amount has been
tendered, all Notes tendered, shall deposit with the Paying Agent an amount equal to the purchase
price for all Notes so accepted for purchase and shall deliver to the Trustee an Officers’
Certificate stating that such Notes or portions thereof were accepted for payment by the Company in
accordance with the terms of this Section 3.04. The Company, the Depositary or the Paying Agent,
as the case may be, shall promptly mail or deliver to each tendering Holder an amount equal to the
purchase price of the Notes tendered by such Holder and accepted by the Company for purchase, and
the Company shall promptly issue a new Note, and the Trustee, upon written request from the Company
shall authenticate and mail or deliver such new Note to such Holder, in a principal amount equal to
any unpurchased portion of the Note surrendered. Any Note not so accepted shall be promptly mailed
or delivered by the Company to the Holder thereof. The Company shall publicly announce the results
of the Offer to Purchase on or as soon as practicable after the Purchase Date.

ARTICLE 4

COVENANTS

SECTION 4.01. Payment of Notes.

     The Company shall pay or cause to be paid the principal of, premium, if any, and interest on,
the Notes on the dates and in the manner provided in the Notes and in this Supplemental Indenture.
Principal, premium, if any, and interest shall be considered paid on the date due if the Paying
Agent, if other than the Company or a Subsidiary thereof, holds as of 11:00 a.m., New York time, on
the due date money deposited by the Company in immediately available funds and designated for and
sufficient to pay all principal, premium, if any, and interest then due and the Paying Agent is not
prohibited from paying such money to the Holders on that date. Interest shall be computed on the
basis of a 360-day year of twelve 30-day months.

SECTION 4.02. Maintenance of Office or Agency.

     (a) The Company shall maintain an office or agency (which unless otherwise provided will be
the office of the Trustee) where Notes may be presented or surrendered for registration of transfer
or for exchange and where notices and demands to or upon the Company in respect of the Notes and
this Supplemental Indenture may be served. The Company shall give prompt written notice to the
Trustee of the location, and any change in the location, of such office or agency. If at any time
the Company shall fail to maintain any such required office or agency or shall fail to furnish the
Trustee with the address thereof, such presentations, surrenders, notices and demands may be made
or served at the Corporate Trust

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Office of the Trustee, and the Company hereby appoints the Trustee as its agent to receive all
such presentations, surrenders, notices and demands.

     (b) The Company may also from time to time designate one or more other offices or agencies
where the Notes may be presented or surrendered for any or all such purposes and may from time to
time rescind such designations. The Company shall give prompt written notice to the Trustee of any
such designation or rescission and of any change in the location of any such other office or
agency.

     (c) The Company hereby designates the Corporate Trust Office of the Trustee, as one such
office, drop facility or agency of the Company in accordance with Section 4.02(a).

SECTION 4.03. Reports.

     (a) Whether or not required by the Commission, so long as any Notes are outstanding, the
Company will furnish to the Holders of Notes, within the time periods specified in the Commission’s
rules and regulations for a company subject to reporting under Section 13(a) or 15(d) of the
Exchange Act:

     (1) all quarterly and annual financial information that would be required to be
contained in a filing with the Commission on Forms 10-Q and 10-K if the Company were
required to file such Forms, including a “Management’s Discussion and Analysis of Financial
Condition and Results of Operations” and, with respect to the annual information only, a
report on the annual financial statements by the Company’s certified independent
accountants; and

     (2) all current reports that would be required to be filed with the Commission on Form
8-K if the Company were required to file such reports.

     (b) In addition, whether or not required by the Commission, the Company will file a copy of
all of the information and reports referred to in clauses (1) and (2) above with the Commission for
public availability within the time periods specified in the Commission’s rules and regulations for
a company subject to reporting under Section 13(a) or 15(d) of the Exchange Act (unless the
Commission will not accept such a filing) and make such information available to securities
analysts and prospective investors upon request. Notwithstanding the foregoing, to the extent the
Company files the information and reports referred to in clauses (1) and (2) above with the
Commission and such information is publicly available on the Internet, the Company shall be deemed
to be in compliance with its obligations to furnish such information to the Holders of the Notes
and to make such information available to securities analysts and prospective investors.

SECTION 4.04. [Reserved].

SECTION 4.05. Limitation on Sale and Leaseback Transactions.

     The Company shall not, and shall not permit any of its Restricted Subsidiaries to, enter into
any Sale and Leaseback Transaction unless:

     (1) the Company or such Restricted Subsidiary would be entitled to:

     (a) incur Indebtedness in an amount equal to the Attributable Indebtedness with
respect to such Sale and Leaseback Transaction pursuant to Section 4.09; and

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     (b) create a Lien on such property securing such Attributable Indebtedness
without also securing the Notes or the applicable Guarantee pursuant to Section
4.12; and

     (2) such Sale and Leaseback Transaction is effected in compliance with Section 4.10.

SECTION 4.06. Payments for Consent.

     The Company will not, and will not permit any of its Subsidiaries to, directly or indirectly,
pay or cause to be paid any consideration to or for the benefit of any Holder of Notes for or as an
inducement to any consent, waiver or amendment of any of the terms or provisions of this
Supplemental Indenture or the Notes unless such consideration is offered to be paid and is paid to
all Holders of the Notes that consent, waive or agree to amend in the time frame set forth in the
solicitation documents relating to such consent, waiver or agreement.

SECTION 4.07. Restricted Payments.

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

     (1) declare or pay any dividend or make any other payment or distribution on account of
the Company’s Equity Interests (including, without limitation, any payment in connection
with any merger or consolidation involving the Company) or to the direct or indirect holders
of the Company’s Equity Interests in their capacity as such (other than dividends or
distributions payable in Equity Interests (other than Disqualified Stock) of the Company);

     (2) purchase, redeem or otherwise acquire or retire for value (including, without
limitation, in connection with any merger or consolidation involving the Company) any Equity
Interests of the Company or any direct or indirect parent of the Company, in each case held
by Persons other than the Company or a Restricted Subsidiary of the Company;

     (3) make any payment on or with respect to, or purchase, redeem, defease or otherwise
acquire or retire for value, any Indebtedness that is subordinated to the Notes or the
Subsidiary Guarantees, except a payment of interest or principal at the Stated Maturity
thereof; or

     (4) make any Restricted Investment;

(all such payments and other actions set forth in clauses (1) through (4) above being collectively
referred to as “Restricted Payments”), unless, at the time of and after giving effect to such
Restricted Payment:

     (A) no Default or Event of Default shall have occurred and be continuing or would occur
as a consequence thereof;

     (B) the Company would, at the time of such Restricted Payment and after giving pro
forma effect thereto as if such Restricted Payment had been made at the beginning of the
applicable four-quarter period, have been permitted to incur at least $1.00 of additional
Indebtedness pursuant to the Fixed Charge Coverage Ratio test set forth in Section 4.09(a);
and

     (C) such Restricted Payment, together with the aggregate amount of all other Restricted
Payments made by the Company and its Restricted Subsidiaries after the date of this

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 Supplemental Indenture (excluding Restricted Payments permitted by clause (2), (3), (4),
(5) or (6) of Section 4.07(b)), is less than the sum, without duplication, of:

     (i) 50% of the Consolidated Net Income of the Company for the period (taken as
one accounting period) commencing on the first day of the fiscal quarter in which
the Issue Date occurs to and ending on the last day of the fiscal quarter ended
immediately prior to the date of such calculation for which internal financial
statements are available at the time of such Restricted Payment (or, if such
Consolidated Net Income for such period is a deficit, less 100% of such deficit);
plus

     (ii) 100% of the aggregate net proceeds (including the fair market value of
property other than cash) received by the Company since the date of this
Supplemental Indenture as a contribution to its common equity capital or from the
issue or sale of Equity Interests of the Company (other than Disqualified Stock) or
from the issue or sale of Disqualified Stock or debt securities of the Company that
have been converted into or exchanged for such Equity Interests (other than Equity
Interests (or Disqualified Stock or debt securities) sold to a Subsidiary of the
Company); plus

     (iii) to the extent that any Restricted Investment that was made after the date
of this Supplemental Indenture is sold for cash or otherwise liquidated or repaid
for cash, the lesser of (x) the cash return of capital with respect to such
Restricted Investment (less the cost of disposition, if any) and (y) the initial
amount of such Restricted Investment; plus

     (iv) upon redesignation of an Unrestricted Subsidiary as a Restricted
Subsidiary, the fair market value of such Subsidiary.

     (b) The provisions of Section 4.07(a) shall not prohibit:

     (1) the payment of any dividend within 60 days after the date of declaration
thereof, if at said date of declaration such payment would have complied with the
provisions of this Supplemental Indenture;

     (2) the redemption, repurchase, retirement, defeasance or other acquisition of
any subordinated Indebtedness of the Company or any of its Restricted Subsidiaries
or any Equity Interests of the Company or any of its Restricted Subsidiaries in
exchange for, or out of the net cash proceeds of the substantially concurrent sale
(other than to a Restricted Subsidiary of the Company) of, Equity Interests of the
Company (other than Disqualified Stock); provided that the amount of any such net
cash proceeds that are utilized for any such redemption, repurchase, retirement,
defeasance or other acquisition shall be excluded from clause (C)(ii) of Section
4.07(a);

     (3) the redemption, repurchase, retirement, defeasance or other acquisition of
subordinated Indebtedness or Disqualified Stock of the Company or any of its
Restricted Subsidiaries with the net cash proceeds from an incurrence of Permitted
Refinancing Indebtedness;

     (4) the repurchase, redemption or other acquisition or retirement for value of
any Equity Interests of the Company or any Restricted Subsidiary of the Company held
by any member of the Company’s (or any of its Restricted Subsidiaries’) management
pursuant to any management equity subscription agreement or stock option agreement;

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provided that the aggregate price paid for all such repurchased, redeemed, acquired or retired Equity Interests shall not exceed $7.5 million in any twelve-month period;

	 	 	 	(5) Restricted Payments in an amount not to exceed $100.0 million; and
	 
	 	 	 	(6) Permitted Additional Restricted Payments;

provided that in the case of clause (4), (5) or (6), no Default shall have occurred and be
continuing.

     (c) The amount of all Restricted Payments (other than cash) shall be the fair market
value on the date of the Restricted Payment of the asset(s) or securities proposed to be
transferred or issued by the Company or such Restricted Subsidiary, as the case may be,
pursuant to the Restricted Payment. The fair market value of any assets or securities that
are required to be valued by this covenant shall be approved in good faith by the Board of
Directors, whose resolution with respect thereto shall be delivered to the Trustee. Not
later than the date of making any Restricted Payment other than payments pursuant to clause
(2), (3), (4) or (5) of Section 4.07(b), the Company shall deliver to the Trustee an
Officers’ Certificate stating that such Restricted Payment is permitted and setting forth
the basis upon which the calculations required by this Section 4.07 were computed.

     (d) The Board of Directors may designate any Restricted Subsidiary to be an
Unrestricted Subsidiary in accordance with the definition of “Unrestricted Subsidiary” if
the designation would not cause a Default. All outstanding Investments owned by the Company
and its Restricted Subsidiaries in the designated Unrestricted Subsidiary will be treated as
an Investment made at the time of the designation and will reduce the amount available for
Restricted Payments under Section 4.07(a) or Permitted Investments, as applicable. All such
outstanding Investments will be treated as Restricted Investments equal to the fair market
value of such Investments at the time of the designation. The designation will not be
permitted if such Restricted Payment would not be permitted at that time and if such
Restricted Subsidiary does not otherwise meet the definition of an Unrestricted Subsidiary.
The Board of Directors may redesignate any Unrestricted Subsidiary to be a Restricted
Subsidiary in accordance with the definition of “Unrestricted Subsidiary.”

SECTION 4.08. Dividend and Other Payment Restrictions Affecting Subsidiaries.

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

     (1) pay dividends or make any other distributions on its Capital Stock to the Company
or any of the Company’s Restricted Subsidiaries, or with respect to any other interest or
participation in, or measured by, its profits, or pay any indebtedness owed to the Company
or any of the Company’s Restricted Subsidiaries;

     (2) make loans or advances to the Company or any of the Company’s Restricted
Subsidiaries; or

     (3) transfer any of its properties or assets to the Company or any of the Company’s
Restricted Subsidiaries.

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     (b) Section 4.08(a) will not apply to encumbrances or restrictions existing under or by reason
of:

     (1) Existing Indebtedness and the Credit Agreement as in effect on the date of this
Supplemental Indenture and any amendments, modifications, restatements, renewals, increases,
supplements, refundings, replacements or refinancings thereof, provided that such
amendments, modifications, restatements, renewals, increases, supplements, refundings,
replacements or refinancings are not materially more restrictive, taken as a whole, with
respect to such dividend and other payment restrictions than those contained in such
Existing Indebtedness or the Credit Agreement, as in effect on the date of this Supplemental
Indenture;

     (2) this Supplemental Indenture, the Notes and the Guarantees;

     (3) applicable law;

     (4) any instrument governing Indebtedness or Capital Stock of a Person acquired by the
Company or any of its Restricted Subsidiaries as in effect at the time of such acquisition
(except to the extent such Indebtedness was incurred in connection with or in contemplation
of such acquisition), which encumbrance or restriction is not applicable to any Person, or
the properties or assets of any Person, other than the Person, or the property or assets of
the Person, so acquired, provided that, in the case of Indebtedness, such Indebtedness was
permitted by the terms of this Supplemental Indenture to be incurred;

     (5) customary non-assignment provisions in leases, licenses, contracts and other
agreements entered into in the ordinary course of business and consistent with past
practices;

     (6) purchase money obligations for property acquired in the ordinary course of business
that impose restrictions on the property so acquired of the nature described in clause (3)
of Section 4.08(a);

     (7) any agreement for the sale or other disposition of a Restricted Subsidiary that
restricts distributions by such Restricted Subsidiary pending its sale or other disposition;

     (8) Permitted Refinancing Indebtedness, provided that the restrictions contained in the
agreements governing such Permitted Refinancing Indebtedness are not materially more
restrictive, taken as a whole, than those contained in the agreements governing the
Indebtedness being refinanced;

     (9) any agreement creating a Lien securing Indebtedness otherwise permitted to be
incurred pursuant to Section 4.12, to the extent limiting the right of the Company or any of
its Restricted Subsidiaries to dispose of the assets subject to such Lien;

     (10) provisions with respect to the disposition or distribution of assets or property
in joint venture agreements and other similar agreements entered into in the ordinary course
of business;

     (11) customary provisions applicable to Foreign Subsidiaries under Indebtedness of
Foreign Subsidiaries permitted to be incurred under this Supplemental Indenture and in
“support agreements” and Guarantees of any such Indebtedness;

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     (12) restrictions on cash or other deposits or net worth imposed by customers under
contracts entered into in the ordinary course of business;

     (13) customary restrictions under Receivables Financings permitted to be incurred under
this Supplemental Indenture; and

     (14) any operating lease or Capital Lease Obligation, insofar as the provisions thereof
limit the grant of a security interest in, or other assignment of, the related leasehold
interest to any other Person.

SECTION 4.09. Incurrence of Indebtedness and Issuance of Preferred Stock.

     (a) The Company will not, and will not permit any of its Restricted Subsidiaries to, directly
or indirectly, create, incur, issue, assume, guarantee or otherwise become directly or indirectly
liable, contingently or otherwise, with respect to (collectively, “incur”) any Indebtedness
(including Acquired Debt), and the Company will not issue any Disqualified Stock and will not
permit any of its Restricted Subsidiaries that is not a Guarantor to issue any shares of preferred
stock; provided, however, that the Company and any of the Guarantors may incur Indebtedness
(including Acquired Debt) or issue Disqualified Stock, and the Guarantors may issue preferred
stock, if the Fixed Charge Coverage Ratio for the Company’s most recently ended four full fiscal
quarters for which internal financial statements are available immediately preceding the date on
which such additional Indebtedness is incurred or such Disqualified Stock or preferred stock is
issued would have been at least 2.0 to 1.0, determined on a pro forma basis (including a pro forma
application of the net proceeds therefrom) as if the additional Indebtedness had been incurred, or
the Disqualified Stock or preferred stock had been issued, as the case may be, at the beginning of
such four-quarter period.

     (b) Section 4.09(a) will not prohibit the incurrence of any of the following items of
Indebtedness (collectively, “Permitted Debt”):

     (1) the incurrence by the Company and its Restricted Subsidiaries of Indebtedness and
letters of credit under Credit Facilities in an aggregate amount (with letters of credit
being deemed to have an amount equal to the maximum potential liability of the Company and
its Restricted Subsidiaries thereunder) not to exceed $2.25 billion, less the sum of (i) the
aggregate amount of all Net Proceeds of Asset Sales applied by the Company or any of its
Restricted Subsidiaries to repay Indebtedness under Credit Facilities pursuant to Section
4.10 and (ii) the amount of Indebtedness in excess of $150.0 million incurred pursuant to
clause (10) of this Section 4.09(b);

     (2) the incurrence by the Company and its Restricted Subsidiaries of Existing
Indebtedness;

     (3) the incurrence by the Company and the Guarantors of Indebtedness represented by the
Notes (excluding any Additional Notes) and Subsidiary Guarantees of all Notes;

     (4) the incurrence by the Company or any of its Restricted Subsidiaries of Indebtedness
represented by Capital Lease Obligations, mortgage financings or purchase money obligations,
in each case, incurred for the purpose of financing all or any part of the purchase price or
cost of construction or improvement of assets used in the business of the Company or such
Restricted Subsidiary, or in respect of a Sale and Leaseback Transaction, in an aggregate
principal amount, and all Indebtedness incurred to refund, refinance or replace any
Indebtedness incurred pursuant to this clause (4), not to exceed $50.0 million at any time
outstanding;

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     (5) the incurrence by the Company or any of its Restricted Subsidiaries of Permitted
Refinancing Indebtedness in exchange for, or the net proceeds of which are used to refund,
refinance or replace, Indebtedness incurred under clause (2) or (3) above or this clause (5)
or pursuant to Section 4.09(a);

     (6) the incurrence by the Company or any of its Restricted Subsidiaries of Indebtedness
owed to the Company or any of its Restricted Subsidiaries; provided, however, that:

     (a) if the Company or any Guarantor is the obligor on such Indebtedness, and
such Indebtedness is held by a Restricted Subsidiary that is not a Guarantor, such
Indebtedness must be expressly subordinated to the prior payment in full in cash of
all Obligations with respect to the Notes, in the case of the Company, or the
Subsidiary Guarantee of such Guarantor, in the case of a Guarantor; and

     (b) (i) any subsequent issuance or transfer of Equity Interests that results in
any such Indebtedness being held by a Person other than the Company or a Restricted
Subsidiary thereof and (ii) any sale or other transfer of any such Indebtedness to a
Person that is not either the Company or a Restricted Subsidiary thereof shall be
deemed, in each case, to constitute an incurrence of such Indebtedness by the
Company or such Restricted Subsidiary, as the case may be, that was not permitted by
this clause (6);

     (7) Indebtedness under Hedging Obligations entered into for bona fide hedging purposes
of the Company or any Restricted Subsidiary and not for the purpose of speculation; provided
that in the case of Hedging Obligations relating to interest rates, (a) such Hedging
Obligations relate to payment obligations on Indebtedness otherwise permitted to be incurred
by this covenant and (b) the notional principal amount of such Hedging Obligations at the
time incurred does not exceed the principal amount of the Indebtedness to which such Hedging
Obligations relate;

     (8) the guarantee by the Company or any of its Restricted Subsidiaries of Indebtedness
of the Company or a Restricted Subsidiary of the Company that was permitted to be incurred
by another provision of this covenant and could have been incurred (in compliance with this
covenant) by the Person so guaranteeing such Indebtedness;

     (9) the incurrence by any of the Company’s Foreign Subsidiaries of Indebtedness in an
aggregate principal amount, including all Indebtedness incurred to refund, refinance or
replace any Indebtedness incurred pursuant to this clause (9), not to exceed (x) $75.0
million at any time outstanding plus (y) $65.0 million at any time outstanding; provided
that any Indebtedness under this subclause (y) shall be supported by a letter of credit
incurred under one or more Credit Facilities pursuant to clause (1) of this Section 4.09(b);

     (10) the incurrence by the Company or any of its Restricted Subsidiaries of
Indebtedness pursuant to a Receivables Financing;

     (11) Indebtedness arising from the honoring by a bank or other financial institution of
a check, draft or similar instrument inadvertently (except in the case of daylight
overdrafts) drawn against insufficient funds in the ordinary course of business; provided,
however, that such Indebtedness is extinguished within five Business Days of incurrence;

     (12) Indebtedness of the Company or any of its Restricted Subsidiaries in respect of
security for workers’ compensation claims, payment obligations in connection with

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self-insurance, performance bonds, surety bonds or similar requirements in the ordinary
course of business;

          (13) indemnification, adjustment of purchase price, earn-out or similar obligations, in
each case, incurred or assumed in connection with the acquisition or disposition of any
business or assets of the Company or any Restricted Subsidiary or Equity Interests of a
Restricted Subsidiary, other than guarantees of Indebtedness incurred by any Person
acquiring all or any portion of such business, assets or Equity Interests for the purpose of
financing or in contemplation of any such acquisition; provided that (a) any amount of such
obligations included on the face of the balance sheet of the Company or any Restricted
Subsidiary shall not be permitted under this clause (13) and (b) in the case of a
disposition, the maximum aggregate liability in respect of all such obligations outstanding
under this clause (13) shall at no time exceed the gross proceeds actually received by the
Company and the Restricted Subsidiaries in connection with such disposition; and

          (14) the incurrence by the Company or any of its Restricted Subsidiaries of additional
Indebtedness in an aggregate principal amount (or accreted value, as applicable) at any time
outstanding, including all Indebtedness incurred to refund, refinance or replace any
Indebtedness incurred pursuant to this clause (14), not to exceed $100.0 million.

     (c) For purposes of determining compliance with this Section 4.09, in the event that an item
of proposed Indebtedness meets the criteria of more than one of the categories of Permitted Debt
described in clauses (1) through (14) above, or is entitled to be incurred pursuant to the first
paragraph of this covenant, the Company will be permitted to classify such item of Indebtedness on
the date of its incurrence (or later reclassify such Indebtedness in whole or in part) in any
manner that complies with this covenant. In addition, the accrual of interest, accretion or
amortization of original issue discount, the payment of interest on any Indebtedness in the form of
additional Indebtedness with the same terms, and the payment of dividends on Disqualified Stock in
the form of additional shares of the same class of Disqualified Stock will not be treated as an
incurrence of Indebtedness; provided, in each such case, that the amount thereof is included in
Fixed Charges of the Company as accrued. Notwithstanding the foregoing, any Indebtedness
outstanding pursuant to the Credit Agreement on the date of this Supplemental Indenture will be
deemed to have been incurred pursuant to clause (1) of the definition of “Permitted Debt.”

     (d) Notwithstanding the foregoing, the maximum amount of Indebtedness that may be incurred
pursuant to this covenant shall not be deemed to be exceeded with respect to any outstanding
Indebtedness due solely to the result of fluctuations in the exchange rates of currencies.

     (e) For purposes of determining compliance with any U.S. dollar denominated restriction on the
incurrence of Indebtedness where the Indebtedness incurred is denominated in a different currency,
the amount of such Indebtedness will be the U.S. Dollar Equivalent determined on the date of the
incurrence of such Indebtedness; provided, however, that if any such Indebtedness denominated in a
different currency is subject to a Currency Protection Agreement with respect to U.S. dollars
covering all principal, premium, if any, and interest payable on such Indebtedness, the amount of
such Indebtedness expressed in U.S. dollars will be as provided in such Currency Protection
Agreement. The principal amount of any Permitted Refinancing Indebtedness incurred in the same
currency as the Indebtedness being refinanced will be the U.S. Dollar Equivalent of the
Indebtedness refinanced, except to the extent that (1) such U.S. Dollar Equivalent was determined
based on a Currency Protection Agreement, in which case the Permitted Refinancing Indebtedness will
be determined in accordance with the preceding sentence, and (2) the principal amount of the
Permitted Refinancing Indebtedness exceeds the principal amount of the Indebtedness being
refinanced, in which case the U.S. Dollar Equivalent of such excess, as appropriate, will be
determined on the date such Permitted Refinancing Debt is incurred.

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     (f) Notwithstanding the provisions of clauses (a) through (e) of this Section 4.09, the
Company will not, and will not permit any Restricted Subsidiary to, directly or indirectly, incur
any Indebtedness that is or purports to be by its terms (or by the terms of any agreement governing
such Indebtedness) subordinated in right of payment to any other Indebtedness of the Company or of
such Restricted Subsidiary, as the case may be, unless such Indebtedness is also by its terms (or
by the terms of any agreement governing such Indebtedness) made expressly subordinated in the right
of payment to the Notes or the Subsidiary Guarantee of such Restricted Subsidiary, to the same
extent and in the same manner as such Indebtedness is subordinated in right of payment to such
other Indebtedness of the Company or such Restricted Subsidiary, as the case may be.

     For purposes of this Section 4.09(f), no Indebtedness will be deemed to be subordinated in
right of payment to any other Indebtedness of the Company or any Restricted Subsidiary solely by
virtue of being unsecured or secured by a junior priority Lien or by virtue of the fact that the
holders of such Indebtedness have entered into intercreditor agreements or other arrangements
giving one or more of such holders priority over the other holders in the collateral held by them,
including intercreditor agreements that contain customary provisions requiring turnover by holders
of junior prior liens of proceeds of collateral in the event that the security interests in favor
of the holders of the senior priority in such intended collateral are not perfected or invalidated
and similar customary provisions protecting the holders of senior priority liens.

SECTION 4.10. Limitation on Asset Sales.

     (a) The Company will not, and will not permit any of its Restricted Subsidiaries to,
consummate an Asset Sale unless:

          (1) the Company (or the Restricted Subsidiary, as the case may be) receives
consideration at the time of such Asset Sale at least equal to the fair market value of the
assets or Equity Interests issued or sold or otherwise disposed of, as approved in good
faith by the Company’s Board of Directors; and

          (2) at least 75% of the consideration therefor received by the Company or such
Restricted Subsidiary is in the form of cash or Cash Equivalents. For purposes of this
provision only (and specifically not for the purposes of the definition of “Net Proceeds”),
each of the following shall be deemed to be cash:

     (i) any liabilities (as shown on the Company’s or such Restricted Subsidiary’s
most recent balance sheet) of the Company or any Restricted Subsidiary (other than
contingent liabilities and liabilities that are by their terms subordinated to the
Notes or any Subsidiary Guarantee) that are assumed by the transferee of any such
assets; and

     (ii) any securities, notes or other obligations received by the Company or any
such Restricted Subsidiary from such transferee that within 90 days are converted by
the Company or such Restricted Subsidiary into cash (to the extent of the cash
received in that conversion); and

     (iii) the fair market value of (x) any assets (other than securities or current
assets) received by the Company or any Restricted Subsidiary that will be used or
useful in a Related Business, (y) Equity Interests in a Person that is a Restricted
Subsidiary or in a Person engaged in a Related Business that shall become a
Restricted Subsidiary immediately upon the acquisition of such Equity Interests by
the Company or the applicable Restricted Subsidiary or (z) a combination of (x) and
(y); provided that the determination of

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the fair market value of assets or Equity Interests in excess of $50.0 million
received in any transaction or series of related transactions shall be evidenced by
an Officers’ Certificate delivered to the Trustee.

     (b) Within a period of 360 days (commencing after the Issue Date) before or after the receipt
of any Net Proceeds of any Asset Sale (provided that if during such 360-day period after the
receipt of any such Net Proceeds the Company (or the applicable Restricted Subsidiary) enters into
a definitive binding agreement committing it to apply such Net Proceeds in accordance with the
requirements of clause (B), (D) or (E) of this paragraph after such 360th day, such 360-day period
will be extended with respect to the amount of Net Proceeds so committed for a period not to exceed
120 days until such Net Proceeds are required to be applied in accordance with such agreement (or,
if earlier, until termination of such agreement)), the Company or such Restricted Subsidiary, at
its option, may apply an amount equal to the Net Proceeds from such Asset Sale:

          (A) to repay, prepay, redeem or repurchase Indebtedness (other than securities) under
Credit Facilities or Indebtedness of a Restricted Subsidiary that is not a Guarantor (other
than Indebtedness of such Restricted Subsidiary owed to the Company or any of its Restricted
Subsidiaries) and, in the case of any such Indebtedness under any revolving credit facility,
effect a permanent reduction in the availability under such revolving credit facility (or
effect a permanent reduction in the availability under such revolving credit facility
regardless of the fact that no prepayment is required in order to do so (in which case no
prepayment shall be required));

          (B) to acquire Equity Interests in a Person that is a Restricted Subsidiary or in a
Person engaged in a Related Business that shall become a Restricted Subsidiary immediately
upon the acquisition of such Equity Interests by the Company or the applicable Restricted
Subsidiary;

          (C) to make capital expenditures;

          (D) to acquire other assets (other than securities or current assets) that will be used
or useful in a Related Business;

          (E) to make Investments in Joint Ventures pursuant to clauses (13) and (14) of the
definition of “Permitted Investments”; or

          (F) to a combination of prepayment and investment permitted by the foregoing clauses
(A), (B), (C), (D) and (E).

     (c) Pending the final application of such Net Proceeds, the Company or any Restricted
Subsidiary may temporarily reduce borrowings under the Credit Facilities or any other revolving
credit facility or Receivables Financings, if any, or otherwise invest such Net Proceeds in Cash
Equivalents, in each case in a manner not prohibited by this Supplemental Indenture. Subject to
the last sentence of this paragraph, on the 361st day (as extended pursuant to the provisions in
Section 4.10(b)) after an Asset Sale or such earlier date, if any, as the Board of Directors of the
Company or of such Restricted Subsidiary determines not to apply the Net Proceeds relating to such
Asset Sale as set forth in clause (A), (B), (C), (D), (E) or (F) of Section 4.10(b) (each, a “Net
Proceeds Offer Trigger Date”), such aggregate amount of Net Proceeds which have not been applied
(or committed to be applied pursuant to a definitive agreement as described in Section 4.10(b)) on
or before such Net Proceeds Offer Trigger Date as permitted in clause (A), (B), (C), (D), (E) or
(F) of Section 4.10(b) (each a “Net Proceeds Offer Amount”) shall be applied by the Company or such
Restricted Subsidiary to make an offer to purchase (the “Net Proceeds Offer”) on the Purchase Date,
from all Holders (and, if required by the terms of any other Indebtedness of the Company ranking
pari passu with the Notes in right of payment and which has similar provisions requiring the

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Company either to make an offer to repurchase or to otherwise repurchase, redeem or repay such
Indebtedness with the proceeds from Asset Sales (the “Pari Passu Indebtedness”), from the holders
of such Pari Passu Indebtedness) on a pro rata basis (in proportion to the respective principal
amounts or accreted value, as the case may be, of the Notes and any such Pari Passu Indebtedness)
an aggregate principal amount of Notes (plus, if applicable, an aggregate principal amount or
accreted value, as the case may be, of Pari Passu Indebtedness) equal to the Net Proceeds Offer
Amount at a price equal to 100% of the principal amount of the Notes (or 100% of the principal
amount or accreted value, as the case may be, of such Pari Passu Indebtedness), plus accrued and
unpaid interest thereon, if any, to the Purchase Date; provided, however, that if at any time any
non-cash consideration received by the Company or any Restricted Subsidiary, as the case may be, in
connection with any Asset Sale is converted into or sold or otherwise disposed of for cash (other
than interest received with respect to any such non-cash consideration), then such conversion or
disposition shall be deemed to constitute an Asset Sale hereunder and the Net Proceeds thereof
shall be applied in accordance with this covenant. The Company may defer the Net Proceeds Offer
until there is an aggregate unutilized Net Proceeds Offer Amount equal to or in excess of $50.0
million resulting from one or more Asset Sales (at which time the entire unutilized Net Proceeds
Offer Amount, and not just the amount in excess of $50.0 million, shall be applied as required
pursuant to this paragraph, and in which case the Net Proceeds Offer Trigger Date shall be deemed
to be the earliest date that the Net Proceeds Offer Amount is equal to or in excess of $50.0
million).

     (d) To the extent that the aggregate amount of the Notes (plus, if applicable, the aggregate
principal amount or accreted value, as the case may be, of any Pari Passu Indebtedness) tendered
pursuant to a Net Proceeds Offer is less than the Net Proceeds Offer Amount, the Company may use
such excess Net Proceeds Offer Amount for general corporate purposes or for any other purpose not
prohibited by this Supplemental Indenture. Upon completion of any such Net Proceeds Offer, the Net
Proceeds Offer Amount shall be reset at zero. A Net Proceeds Offer shall remain open for a period
of 20 Business Days or such longer period as may be required by law.

     (e) The Company or the applicable Restricted Subsidiary, as the case may be, will comply with
the requirements of Rule 14e-1 under the Exchange Act and any other securities laws and regulations
thereunder to the extent such laws and regulations are applicable in connection with the repurchase
of Notes pursuant to a Net Proceeds Offer. To the extent that the provisions of any securities
laws or regulations conflict with the provisions of this Section 4.10 or Section 3.04, the Company
or such Restricted Subsidiary shall comply with the applicable securities laws and regulations and
shall not be deemed to have breached its obligations under this Supplemental Indenture by virtue
thereof.

SECTION 4.11. Transactions with Affiliates.

     (a) The Company will not, and will not permit any of its Restricted Subsidiaries to, directly
or indirectly, make any payment to, or sell, lease, transfer or otherwise dispose of any of its
properties or assets to, or purchase any property or assets from, or enter into or make or amend
any transaction, contract, agreement, loan or guarantee with, or for the benefit of, any Affiliate
of the Company or any of its Restricted Subsidiaries (each, an “Affiliate Transaction”), unless:

     (1) such Affiliate Transaction is on terms that are no less favorable to the Company or
the relevant Restricted Subsidiary than those that would have been obtained in a comparable
transaction at such time by the Company or such Restricted Subsidiary with an unrelated
Person; and

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(2) the Company delivers to the Trustee:

     (a) with respect to any Affiliate Transaction or series of related Affiliate
Transactions involving aggregate consideration in excess of $25.0 million, a
resolution of the Board of Directors set forth in an Officers’ Certificate
certifying that such Affiliate Transaction complies with this covenant and that such
Affiliate Transaction has been approved by a majority of the disinterested members
of the Board of Directors; and

     (b) with respect to any Affiliate Transaction or series of related Affiliate
Transactions involving aggregate consideration in excess of $50.0 million, an
opinion as to the fairness to the Holders of such Affiliate Transaction from a
financial point of view issued by an accounting, appraisal or investment banking
firm of national standing.

     (b) The following items shall not be deemed to be Affiliate Transactions and, therefore, will
not be subject to Section 4.11(a):

     (1) transactions between or among the Company and/or its Restricted Subsidiaries and
transactions between or among Restricted Subsidiaries;

     (2) Restricted Payments that are permitted by Section 4.07;

     (3) customary transactions in connection with a Receivables Financing or an industrial
revenue bond financing;

     (4) reasonable fees and compensation paid to (including issuances and grant of Equity
Interests of the Company, employment agreements and stock option and ownership plans for the
benefit of), and indemnity and insurance provided on behalf of, officers, directors,
employees or consultants of the Company or any Restricted Subsidiary in the ordinary course
of business as approved in good faith by the Company’s Board of Directors or senior
management;

     (5) (x) any agreement in effect on the Issue Date and disclosed in the Prospectus
Supplement (including by incorporation by reference), as in effect on the Issue Date or as
thereafter amended or replaced in any manner, that, taken as a whole, is not more
disadvantageous to the Holders or the Company in any material respect than such agreement as
it was in effect on the Issue Date or (y) any transaction pursuant to any agreement referred
to in the immediately preceding clause (x); or

     (6) loans or advances to employees and officers of the Company and its Restricted
Subsidiaries permitted by clause (9) of the definition of “Permitted Investments.”

SECTION 4.12. Liens.

     The Company will not, and will not permit any of its Restricted Subsidiaries to, directly or
indirectly, (1) assign or convey any right to receive income on any asset now owned or hereafter
acquired or (2) create, incur, assume or suffer to exist any Lien of any kind securing Indebtedness
or trade payables on any asset now owned or hereafter acquired or on any income or profits
therefrom except, in each case, Permitted Liens, unless the Notes and the Guarantees, as
applicable, are

     (1) in the case of any Lien securing an obligation that ranks pari passu with the Notes
or a Subsidiary Guarantee, effective provision is made to secure the Notes or such
Subsidiary Guarantee, as the case may be, at least equally and ratably with or prior to such
obligation

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with a Lien on the same assets of the Company or such Restricted Subsidiary, as
the case may be; and

     (2) in the case of any Lien securing an obligation that is subordinated in right of
payment to the Notes or a Subsidiary Guarantee, effective provision is made to secure the
Notes or such Subsidiary Guarantee, as the case may be, with a Lien on the same assets of
the Company or such Restricted Subsidiary, as the case may be, that is prior to the Lien
securing such subordinated obligation,

in each case, for so long as such Obligation is secured by such Lien.

SECTION 4.13. Offer to Repurchase upon Change of Control.

     (a) If a Change of Control occurs, each Holder will have the right to require the Company to
purchase all or a portion (equal to $2,000 or an integral multiple of $1,000 in excess thereof) of
such Holder’s Notes (the “Change of Control Offer”) at a purchase price equal to 101% of the
principal amount thereof, plus accrued and unpaid interest, if any, to the date of purchase
(subject to the right of Holders of record on the relevant Regular Record Date to receive interest
due on an Interest Payment Date that is on or prior to the date fixed for redemption).

     (b) Within 30 days following any Change of Control, the Company shall mail a notice to each
Holder, with a copy to the Trustee, in accordance with the procedures set forth in Section 3.04,
that a Holder must follow in order to have its Notes purchased.

     (c) The Company shall comply, to the extent applicable, with the requirements of Section 14(e)
of the Exchange Act and any other securities laws or regulations in connection with the purchase of
Notes pursuant to this Supplemental Indenture. To the extent that the provisions of any securities
laws or regulations conflict with the provisions of this Supplemental Indenture, the Company shall
comply with the applicable securities laws and regulations and will not be deemed to have breached
its obligations under any covenant of this Supplemental Indenture by virtue of this compliance.

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

SECTION 4.14. Corporate Existence.

     Except as otherwise permitted by Article 5, the Company will do or cause to be done all things
necessary to preserve and keep in full force and effect its corporate existence.

SECTION 4.15. Additional Subsidiary Guarantees.

     If, after the date of this Supplemental Indenture, (a) any Restricted Subsidiary of the
Company (including any newly formed, newly acquired or newly redesignated Restricted Subsidiary)
guarantees any Indebtedness of the Company, (b) any Domestic Restricted Subsidiary of the Company
(including any newly formed, newly acquired or newly redesignated Restricted Subsidiary) becomes a
borrower or guarantor under any Credit Facility or (c) the Company otherwise elects to have any
Restricted Subsidiary become a Guarantor, then, in the case of clauses (a) and (b) within 10
Business Days of the event under such clause occurring and in the case of clause (c) at the
Company’s election, the Company shall cause such Restricted Subsidiary to:

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     (i) execute and deliver to the Trustee (a) a supplemental indenture in form and
substance satisfactory to the Trustee pursuant to which such Restricted Subsidiary shall
unconditionally guarantee all of the Company’s obligations under the Notes and this
Supplemental Indenture and (b) a notation of guarantee in respect of its Subsidiary
Guarantee; and

     (ii) deliver to the Trustee one or more Opinions of Counsel that such supplemental
indenture (a) has been duly authorized, executed and delivered by such Restricted Subsidiary
and (b) constitutes a valid and legally binding obligation of such Restricted Subsidiary in
accordance with its terms.

SECTION 4.16. Covenant Suspension.

     If on any date following the Issue Date the Notes have an Investment Grade Rating from both
Rating Agencies and no Default or Event of Default has occurred and is continuing under the Base
Indenture and this Supplemental Indenture, then beginning on that day and subject to the provisions
of the following paragraph, the provisions specifically listed under the following Sections in this
Supplemental Indenture will be suspended:

	 	(1)	 	Section 4.07,
	 
	 	(2)	 	Section 4.08
	 
	 	(3)	 	Section 4.09,
	 
	 	(4)	 	Section 4.10,
	 
	 	(5)	 	Section 4.11, and
	 
	 	(6)	 	clause (a)(ii) of Section 5.01

(collectively, the “Suspended Covenants”). The period during which covenants are suspended
pursuant to this Section is called the “Suspension Period.”

     In the event that the Company and the Restricted Subsidiaries are not subject to the Suspended
Covenants for any period of time as a result of the second preceding sentence and, subsequently,
one of the Rating Agencies withdraws its ratings or downgrades the rating assigned to the Notes so
that the Notes no longer have Investment Grade Ratings from both Rating Agencies or a Default or
Event of Default occurs and is continuing, then the Company and the Restricted Subsidiaries will
from such time and thereafter again be subject to the Suspended Covenants and compliance with the
Suspended Covenants with respect to Restricted Payments made after the time of such withdrawal,
Default or Event of Default will be calculated in accordance with the terms of Section 4.07 and
Section 4.09 as though such covenant had been in effect during the entire period of time from the
Issue Date. Notwithstanding the foregoing and any other provision of the Supplemental Indenture,
the Notes or the Guarantees, no Default or Event of Default shall be deemed to exist under this
Supplemental Indenture, the Notes or the Guarantees with respect to the Suspended Covenants based
on, and none of the Company or any of the Subsidiaries shall bear any liability with respect to the
Suspended Covenants for, (a) any actions taken or events occurring during a Suspension Period
(including without limitation any agreements, Liens, preferred stock, obligations (including
Indebtedness), or of any other facts or circumstances or obligations that were incurred or
otherwise came into existence during a Suspension Period) or (b) any actions required to be taken
at any time pursuant to any contractual obligation entered into during a Suspension Period,
regardless of whether

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such actions or events would have been permitted if the applicable Suspended
Covenants remained in effect during such period.

ARTICLE 5

SUCCESSORS

SECTION 5.01. Merger, Consolidation or Sale of Assets.

     (a) The Company will not, directly or indirectly, in a single transaction or series of related
transactions, consolidate or merge with or into any Person or sell, assign, transfer, lease, convey
or otherwise dispose of (or cause or permit any Restricted Subsidiary of the Company to sell,
assign, transfer, lease convey or otherwise dispose of) all or substantially all of the Company’s
assets (determined on a consolidated basis) for the Company and its Restricted Subsidiaries,
whether as an entirety or substantially as an entirety, to any Person unless:

     (i) either:

     (1) the Company shall be the surviving or continuing corporation or

     (2) the Person (if other than the Company) formed by such consolidation or into
which the Company is merged or the Person which acquires by sale, assignment,
transfer, lease conveyance or other disposition the properties and assets of the
Company and its Restricted Subsidiaries as an entirety or substantially as an
entirety (the “Surviving Entity”)

     (x) shall be a corporation organized and validly existing under the
laws of the United States, any state thereof or the District of Columbia and

     (y) shall expressly assume, by supplemental indenture (in form and
substance reasonably satisfactory to the Trustee), executed and delivered to
the Trustee, the due and punctual payment of the principal of and premium,
if any, and interest on all of the Notes and the performance of every
covenant of the Notes and this Supplemental Indenture on the part of the
Company to be performed or observed;

     (ii) immediately after giving pro forma effect to such transaction or series of
transactions and the assumption contemplated by clause (i)(2)(y) above (including giving
effect to any Indebtedness and Acquired Debt, in each case, incurred or anticipated to be
incurred in connection with or in respect of such transaction), the Company or such
Surviving Entity, as the case may be, shall be able to incur at least $1.00 of additional
Indebtedness (other than Permitted Debt) pursuant to Section 4.09; provided, however, that
this clause (ii) shall not apply during any Suspension Period;

     (iii) immediately after giving effect to such transaction or series of transactions and
the assumption contemplated by clause (i)(2)(y) above (including, without limitation, giving
effect to any Indebtedness and Acquired Debt, in each case, incurred or anticipated to be
incurred and any Lien granted in connection with or in respect of such transaction), no
Default or Event of Default shall have occurred and be continuing; and

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     (iv) the Company or such Surviving Entity, as the case may be, shall have delivered to
the Trustee an Officers’ Certificate and an Opinion of Counsel, each stating that such
consolidation, merger, sale, assignment, transfer, lease, conveyance or other disposition
and, if a supplemental indenture is required in connection with such transaction, such
supplemental indenture comply with the applicable provisions of this Supplemental Indenture
and that all conditions precedent in this Supplemental Indenture relating to such
transaction have been satisfied.

     Notwithstanding the foregoing, the merger of the Company with an Affiliate incorporated solely
for the purpose of reincorporating the Company in another jurisdiction shall be permitted without
regard to clause (ii) of the immediately preceding paragraph. For purposes of the foregoing, the
transfer (by lease, assignment, sale or otherwise, in a single transaction or series of
transactions) of all or substantially all of the properties or assets of one or more Restricted
Subsidiaries of the Company, the Capital Stock of which constitutes all or substantially all of the
properties and assets of the Company, shall be deemed to be the transfer of all or substantially
all of the properties and assets of the Company.

     (b) Each Guarantor will not, and the Company will not cause or permit any Guarantor to,
directly or indirectly, in a single transaction or series of related transactions, consolidate or
merge with or into any Person other than the Company or any other Guarantor unless:

     (i) if the Guarantor was a corporation or limited liability company under the laws of
the United States, any state thereof or the District of Columbia, the entity formed by or
surviving any such consolidation or merger (if other than the Guarantor) is a corporation or
limited liability company organized and existing under the laws of the United States, any
state thereof or the District of Columbia;

     (ii) such entity assumes by supplemental indenture all of the obligations of the
Guarantor on its Guarantee;

     (iii) immediately after giving effect to such transaction, no Default or Event of
Default shall have occurred and be continuing; and

     (iv) immediately after giving effect to such transaction and the use of any net
proceeds therefrom on a pro forma basis, the Company could satisfy the provisions of clause
(ii) of Section 5.01(a).

     Notwithstanding the foregoing, the requirements of this Section 5.01(b) will not apply to any
transaction pursuant to which such Guarantor is permitted to be released from its Subsidiary
Guarantee in accordance with the provisions of Section 10.02.

SECTION 5.02. Successor Corporation Substituted.

     Upon any consolidation or merger of the Company or any sale, assignment, transfer, lease,
conveyance or other disposition of all or substantially all of the assets of the Company in
accordance with Section 5.01 in which the Company is not the continuing corporation, the successor
Person formed by such consolidation or into which the Company is merged or to which such sale,
assignment, transfer, lease, conveyance or other disposition is made shall succeed to, and be
substituted for, and may exercise every right and power of, the Company under this Indenture and
the Notes with the same effect as if such Surviving Entity had been named as such; provided,
however, that the Company shall not be released from its obligations under this Indenture or the
Notes in the case of a lease.

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ARTICLE 6

DEFAULTS AND REMEDIES

SECTION 6.01. Events of Default and Remedies.

     (a) In addition to those specified in Section 5.01 of the Base Indenture, each of the
following is an “Event of Default” with respect to the Notes:

     (1) failure by the Company to comply with its obligations under Section 5.01;

     (2) a default by the Company in the observance or performance of its obligations under
Section 4.03 which default continues for a period of 90 days;

     (3) the failure to pay at final stated maturity (giving effect to any applicable grace
periods and any extensions thereof) the principal amount of any Indebtedness of the Company
or any Significant Subsidiary of the Company, or any other default resulting in the
acceleration of the final stated maturity of any such Indebtedness, if the aggregate
principal amount of such Indebtedness, together with the principal amount of any other such
Indebtedness in default for failure to pay principal at final maturity or which has been
accelerated, aggregates $75.0 million or more at any time; provided that if any such default
is cured or waived or any acceleration rescinded or such Indebtedness is repaid within a
period of ten (10) days from the continuation of such default beyond any applicable grace
period or the occurrence of such acceleration, as the case may be, such Event of Default
under this Supplemental Indenture and any consequential acceleration of the Notes shall
automatically be rescinded so long as such rescission does not conflict with any judgment or
decree;

     (4) one or more judgments in an aggregate amount in excess of $75.0 million (to the
extent not covered by independent third party insurance as to which the insurer has not
disclaimed coverage) shall have been rendered against the Company or any of its Significant
Subsidiaries and such judgments remain undischarged, unpaid or unstayed for a period of 60
days after such judgment or judgments become final and nonappealable; or

     (5) except as permitted by this Supplemental Indenture, any Subsidiary Guarantee of any
Significant Subsidiary shall be held in any judicial proceeding to be unenforceable or
invalid or shall cease for any reason to be in full force and effect or any Guarantor that
is a Significant Subsidiary, or any Person acting on behalf of any such Guarantor, shall
deny or disaffirm its obligations under its Subsidiary Guarantee.

     (b) Clause (3) of Section 5.01 of the Base Indenture shall not apply to the Notes.

     (c) Clauses (2), (5) and (6) of Sections 5.01 of the Base Indenture are deleted and replaced
in their entirety by the following:

     “(2) default in payment when due of the principal of or premium, if any, on the Notes
(including default in payment when due in connection with the purchase of Notes tendered
pursuant to a Change of Control Offer or Net Proceeds Offer on the date specified for such
payment in the applicable Offer to Purchase);”

     “(5) a court having jurisdiction in the premises enters (x) a decree or order for
relief in respect of the Company or any of its Restricted Subsidiaries that is a Significant
Subsidiary in an

-45-

 

involuntary case or proceeding under any applicable federal or state bankruptcy,
insolvency, reorganization or other similar law or (y) a decree or order adjudging the
Company or any of its Restricted Subsidiaries that is a Significant Subsidiary a bankrupt or
insolvent, or approving as properly filed a petition seeking reorganization, arrangement,
adjustment or composition of or in respect of the Company or any of its Restricted
Subsidiaries that is a Significant Subsidiary under any applicable federal or state law, or
appointing a custodian, receiver, liquidator, assignee, trustee, sequestrator or other
similar official of the Company or any of its Restricted Subsidiaries that is a Significant
Subsidiary or of any substantial part of its property, or ordering the winding up or
liquidation of its affairs, and the continuance of any such decree or order for relief or
any such other decree or order unstayed and in effect for a period of 60 consecutive days;
or”

     “(6) the Company or any of its Restricted Subsidiaries that is a Significant
Subsidiary:

     (i) commences a voluntary case or proceeding under any applicable federal or
state bankruptcy, insolvency, reorganization or other similar law or any other case
or proceeding to be adjudicated a bankrupt or insolvent;

     (ii) consents to the entry of a decree or order for relief in respect of the
Company or any of its Restricted Subsidiaries that is a Significant Subsidiary in an
involuntary case or proceeding under any applicable federal or state bankruptcy,
insolvency, reorganization or other similar law or to the commencement of any
bankruptcy or insolvency case or proceeding against the Company or any of its
Restricted Subsidiaries that is a Significant Subsidiary;

     (iii) files a petition, as debtor, or answer or consent seeking reorganization
or relief under any applicable federal or state law;

     (iv) consents to the filing of such petition or to the appointment of or taking
possession by a custodian, receiver, liquidator, assignee, trustee, sequestrator or
similar official of the Company or any of its Restricted Subsidiaries that is a
Significant Subsidiary or of any substantial part of its property;

     (v) makes an assignment for the benefit of creditors;

     (vi) admits in writing its inability to pay its debts generally as they become
due; or

     (vii) takes corporate action in furtherance of any such action; or”.

ARTICLE 7

[RESERVED]

ARTICLE 8

COVENANT DEFEASANCE

SECTION 8.01. Covenant Defeasance.

     Upon the Company’s exercise under Section 15.03 of the Base Indenture of the option to elect
Covenant Defeasance, the Company shall, subject to the satisfaction of the conditions set forth in

-46-

 

Section 15.04 of the Base Indenture, be released from its obligations under the covenants contained in
Sections 4.03, 4.05, 4.07, 4.08, 4.09, 4.10, 4.11, 4.12, 4.13, 4.15, 5.01(a)(ii) and 5.01(b)(iv)
with respect to the outstanding Notes, and the Events of Default set forth in Section 6.01(a)(2),
(3) or (4) of this Supplemental Indenture shall cease to apply, in each case, on and after the date
the conditions set forth in Section 15.04 of the Base Indenture, and the Notes shall thereafter be
deemed not “outstanding” for the purposes of any direction, waiver, consent or declaration or act
of Holders (and the consequences of any thereof) in connection with such covenants, but shall
continue to be deemed “outstanding” for all other purposes hereunder (it being understood that it
is intended that such Notes shall not be deemed outstanding for accounting purposes) and the other
terms of Covenant Defeasance specified in Section 15.04 of the Base Indenture shall apply to the
Notes.

ARTICLE 9

AMENDMENT, SUPPLEMENT AND WAIVER

SECTION 9.01. Without Consent of Holder.

     (a) In addition to those circumstances set forth in Section 11.01 of the Base
Indenture, the Company and the Trustee may amend or supplement this Supplemental Indenture,
the Guarantees or the Notes without the consent of any Holder to conform this Supplemental
Indenture to the “Description of the Notes” contained in the Prospectus Supplement.

ARTICLE 10

GUARANTEES

SECTION 10.01. Guarantees.

     Each Guarantor hereby agrees that Article SEVENTEEN of the Base Indenture shall be applicable
to the Notes.

SECTION 10.02. Release of Guarantor.

     (a) In addition to those set forth in Section 17.04 of the Base Indenture, the Guarantee of
any Restricted Subsidiary will be automatically and unconditionally released and discharged upon
any of the following:

     (i) if such Guarantor is designated an Unrestricted Subsidiary in accordance with this
Supplemental Indenture or otherwise ceases to be a Restricted Subsidiary (including by way
of liquidation or dissolution) in a transaction permitted by this Indenture; or

     (ii) if such Guarantor ceases to be a Wholly Owned Restricted Subsidiary and such
Guarantor is not otherwise required to provide a Subsidiary Guarantee of the Notes pursuant
to Section 4.15.

     (b) With respect to the Notes, Section 17.04(a)(1) of the Base Indenture is deleted and
replaced in its entirety by the following:

“(1) upon any sale or other disposition of all or substantially all of the assets of that
Guarantor (including by way of merger or consolidation), in accordance with this Indenture,
to any Person other than the Company or any Restricted Subsidiary;”.

-47-

 

ARTICLE 11

[RESERVED]

ARTICLE 12

MISCELLANEOUS

SECTION 12.01. Trust Indenture Act Controls.

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

SECTION 12.02. Notices.

     Any notice or communication by the Company or the Trustee to the other is duly given if in
writing and delivered in person or mailed by first class mail (registered or certified, return
receipt requested), facsimile or electronic transmission or overnight air courier guaranteeing
next-day delivery, to the other’s address:

	 	 	 	 	 
	 	 	If to the Company:
	 
	 	 	 	 
	 	 	The Scotts Miracle-Gro Company
	 	 	14111 Scottslawn Road
	 	 	Marysville, Ohio 43041
	 

	 	Attention:
	 	David C. Evans, Executive Vice President and Chief Financial Officer and
	 

	 	 	 	Vincent C. Brockman, Executive Vice President, General Counsel and Corporate Secretary
	 	 	Facsimile No.: (937) 578-5078
	 
	 	 	 	 
	 	 	With a copy to:
	 
	 	 	 	 
	 	 	Vorys, Sater, Seymour and Pease LLP
	 	 	52 East Gay Street
	 	 	Columbus, Ohio 43215
	 	 	Attention: Adam K. Brandt, Esq.
	 	 	Facsimile No. (614) 719-4636
	 
	 	 	 	 
	 	 	If to the Trustee:
	 
	 	 	 	 
	 	 	U.S. Bank National Association
	 	 	10 West Broad Street
	 	 	12th Floor
	 	 	Columbus, Ohio 43215
	 	 	Attention: Scott Miller
	 	 	Facsimile No.: (614) 232-8109

     The Company or the Trustee, by notice to the other, may designate additional or different
addresses for subsequent notices or communications.

-48-

 

     All notices and communications (other than those sent to the Trustee or Holders) shall be
deemed to have been duly given: at the time delivered by hand, if personally delivered; five
Business Days after being deposited in the mail, postage prepaid, if mailed; when receipt
acknowledged, if sent by facsimile transmission; and the next Business Day after timely delivery to
the courier, if sent by overnight air courier guaranteeing next-day delivery. All notices and
communications to the Trustee or Holders shall be deemed duly given and effective only upon
receipt.

     Any notice or communication to a Holder shall be mailed by first class mail, certified or
registered, return receipt requested, or by overnight air courier guaranteeing next-day delivery to
its address shown on the security register for the Notes. Any notice or communication shall also
be so mailed to any Person described in Trust Indenture Act § 313(c), to the extent required by the
Trust Indenture Act. Failure to mail a notice or communication to a Holder or any defect in it
shall not affect its sufficiency with respect to other Holders.

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

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

SECTION 12.03. Communication by Holders of Notes with Other Holders of Notes.

     Holders may communicate pursuant to Trust Indenture Act §312(b) with other Holders with
respect to their rights under this Supplemental Indenture or the Notes. The Company, the Trustee,
the Registrar and anyone else shall have the protection of Trust Indenture Act §312(c).

SECTION 12.04. Certificate and Opinion as to Conditions Precedent.

     Upon any request or application by the Company to the Trustee to take any action under any
provision of this Supplemental Indenture, the Company shall furnish to the Trustee:

     (a) an Officers’ Certificate in form and substance reasonably satisfactory to the
Trustee (which shall include the statements set forth in Section 12.05) stating that, in the
opinion of the signers, all conditions precedent and covenants, if any, provided for in this
Supplemental Indenture relating to the proposed action have been complied with; and

     (b) an Opinion of Counsel in form and substance reasonably satisfactory to the Trustee
(which shall include the statements set forth in Section 12.05) stating that, in the opinion
of such counsel, all such conditions precedent and covenants have been complied with.

SECTION 12.05. Statements Required in Certificate or Opinion.

     Each certificate or opinion with respect to compliance with a condition or covenant provided
for in this Supplemental Indenture (other than a certificate provided pursuant to Trust Indenture
Act § 314(a)(4)) shall comply with the provisions of Trust Indenture Act § 314(e) and shall
include:

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

     (b) a brief statement as to the nature and scope of the examination or investigation
upon which the statements or opinions contained in such certificate or opinion are based;

-49-

 

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

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

SECTION 12.06. Rules by Trustee and Agents.

     The Trustee may make reasonable rules for action by or at a meeting of Holders. The Registrar
or Paying Agent may make reasonable rules and set reasonable requirements for its functions.

SECTION 12.07. No Personal Liability of Directors, Officers, Employees and Stockholders.

     No past, present or future director, officer, employee, incorporator or stockholder of the
Company, any Guarantor or the Trustee, as such, shall have any liability for any obligations of the
Company or of the Guarantors under the Notes, this Supplemental Indenture, the Guarantees or for
any claim based on, in respect of, or by reason of, such obligations or their creation. Each
Holder by accepting a Note waives and releases all such liability. The waiver and release are part
of the consideration for issuance of the Notes.

SECTION 12.08. Governing Law.

     THE INTERNAL LAW OF THE STATE OF NEW YORK SHALL GOVERN AND BE USED TO CONSTRUE THIS
SUPPLEMENTAL INDENTURE AND THE NOTES WITHOUT GIVING EFFECT TO APPLICABLE PRINCIPLES OF CONFLICTS OF
LAW TO THE EXTENT THAT THE APPLICATION OF THE LAWS OF ANOTHER JURISDICTION WOULD BE REQUIRED
THEREBY.

SECTION 12.09. No Adverse Interpretation of Other Agreements.

     This Supplemental Indenture may not be used to interpret any other indenture, loan or debt
agreement of the Company or its Subsidiaries or of any other Person. Any such indenture, loan or
debt agreement may not be used to interpret this Supplemental Indenture.

SECTION 12.10. Successors.

     All covenants and agreements of the Company in this Supplemental Indenture and the Notes shall
bind its successors. All covenants and agreements of the Trustee in this Supplemental Indenture
shall bind its successors.

SECTION 12.11. Severability.

     In case any provision in this Supplemental Indenture or in the Notes 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 12.12. Counterpart Originals.

     The parties may sign any number of copies of this Supplemental Indenture. Each signed copy
shall be an original, but all of them together shall represent the same agreement.

-50-

 

SECTION 12.13. Table of Contents, Headings, Etc.

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

SECTION 12.14. Force Majeure.

     In no event shall the Trustee be responsible or liable for any failure or delay in the
performance of its obligations hereunder arising out of or caused by, directly or indirectly,
forces beyond its control, including, without limitation, strikes, work stoppages, accidents, acts
of war or terrorism, civil or military disturbances, nuclear or natural catastrophes or acts of
God, and interruptions, loss or malfunctions of utilities, communications or computer (software and
hardware) services; it being understood that the Trustee shall use reasonable efforts which are
consistent with accepted practices in the banking industry to resume performance as soon as
practicable under the circumstances.

SECTION 12.15. Note Purchases by Company and Affiliates.

     The Company and its Affiliates shall be permitted to purchase Notes, whether through private
purchase, open market purchase, tender offer, or otherwise. Such purchase or acquisition shall not
operate as or be deemed for any purpose to be a redemption of the Indebtedness represented by such
Notes. Any Notes purchased or acquired by the Company may be delivered to the Trustee and, upon
such delivery the Indebtedness represented thereby shall be deemed to be satisfied. The proviso to
the definition of “Outstanding” in the Base Indenture shall be applicable to any Notes acquired by
the Company and its Affiliates.

[Signatures on following page]

-51-

 

SIGNATURES

Dated as the date first written above.

	 	 	 	 	 
	 	COMPANY:

THE SCOTTS MIRACLE-GRO COMPANY

 	 
	 	By:  	

/s/ David C. Evans
 	 
	 	 	Name:  	David C. Evans 	 
	 	 	Title:  	Chief Financial Officer 	 
	 
	 	GUARANTORS:

EG SYSTEMS, INC., DBA SCOTTS LAWNSERVICE

GUTWEIN & CO., INC.

HYPONEX CORPORATION

MIRACLE-GRO LAWN PRODUCTS, INC.

ROD MCLELLAN COMPANY

SANFORD SCIENTIFIC, INC.

SCOTTS TEMECULA OPERATIONS, LLC

SCOTTS MANUFACTURING COMPANY

SCOTTS PRODUCTS CO.

SCOTTS PROFESSIONAL PRODUCTS CO.

SCOTTS-SIERRA CROP PROTECTION COMPANY

SCOTTS-SIERRA HORTICULTURAL PRODUCTS

 COMPANY

SCOTTS-SIERRA INVESTMENTS, INC.

SMG GROWING MEDIA, INC.

THE SCOTTS COMPANY LLC

 	 
	 	By:  	                                          /s/ David C. Evans
 	 
	 	 	Name:  	David C. Evans 	 
	 	 	Title:  	Executive Vice President and
Chief Financial Officer 	 

S-1

 

	 	 	 	 	 

	 	 	 	 	 
	 	SMITH & HAWKEN, LTD

 	 
	 	By:  	

/s/ David C. Evans
 	 
	 	 	Name:  	David C. Evans 	 
	 	 	Title:  	Executive Vice President 	 
	 
	 	OMS INVESTMENTS, INC.

SWISS FARMS PRODUCTS, INC.

 	 
	 	By:  	

/s/ Edward R. Claggett
 	 
	 	 	Name:  	Edward R. Claggett 	 
	 	 	Title:  	President and CEO 	 
	 
	 	TRUSTEE:

U.S. BANK NATIONAL ASSOCIATION 

 	 
	 	By:  	/s/ Scott Miller
 	 
	 	 	Name:  	Scott Miller 	 
	 	 	Title:  	Vice President 	 

S-2

 

	 	 	 	 	 

EXHIBIT A

[FORM OF FACE OF NOTE]

			
	No.
	 	$[                    ]
	 
	 	CUSIP No. [                    ]

7.25% Senior Notes due 2018

     The
Scotts Miracle-Gro Company, an Ohio corporation, promises to pay
to [               ], or
registered assigns, the principal sum of
[          ]
Dollars ($[     ]) on January 15, 2018.

     Interest Payment Dates: January 15 and July 15, commencing July 15, 2010.

     Record Dates: January 1 and July 1.

     Additional provisions of this Note are set forth on the other side of this Note.

	 	 	 	 	 
	 	THE SCOTTS MIRACLE-GRO COMPANY

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 

	 	 	 	 	 
	Dated:	 	 
	 
	 	 	 	 
	TRUSTEE’S CERTIFICATE OF 

    AUTHENTICATION	 	 
	 
	 	 	 	 
	U.S. BANK NATIONAL ASSOCIATION 	 	 
	 
	 	 	 	 
	as Trustee, certifies that this is one of
the Global Notes referred to in the
within mentioned Indenture.	 	 
	 
	 	 	 	 
	By:
	 	 	 	 
	 

	 	 

Authorized Signatory
	 	 

A-1

 

[GLOBAL NOTE LEGEND]

     THIS GLOBAL NOTE IS HELD BY THE DEPOSITARY (AS DEFINED IN THE BASE INDENTURE GOVERNING THIS
NOTE) OR ITS NOMINEE IN CUSTODY FOR THE BENEFIT OF THE BENEFICIAL OWNERS HEREOF, AND IS NOT
TRANSFERABLE TO ANY PERSON UNDER ANY CIRCUMSTANCES EXCEPT THAT (I) THE TRUSTEE MAY MAKE SUCH
NOTATIONS HEREON AS MAY BE REQUIRED PURSUANT TO SECTION 13.07 OF THE BASE INDENTURE, (II) THIS
GLOBAL NOTE MAY BE EXCHANGED IN WHOLE BUT NOT IN PART PURSUANT TO SECTION 13.07 OF THE BASE
INDENTURE, (III) THIS GLOBAL NOTE MAY BE DELIVERED TO THE TRUSTEE FOR CANCELLATION PURSUANT TO
SECTION 3.08 OF THE BASE INDENTURE AND (IV) THIS GLOBAL NOTE MAY BE TRANSFERRED TO A SUCCESSOR
DEPOSITARY WITH THE PRIOR WRITTEN CONSENT OF THE COMPANY.

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

A-2

 

[FORM OF REVERSE SIDE OF NOTE]

7.25% Senior Notes due 2018

     Capitalized terms used herein shall have the meanings assigned to them in the Indenture
referred to below unless otherwise indicated.

	1.	 	Interest

     The Scotts Miracle-Gro Company (such corporation, and its successors and assigns under
the Indenture hereinafter referred to, being herein called the “Company”), promises to pay
interest on the principal amount of this Note at the rate per annum shown above. The
Company will pay interest semi-annually in arrears on January 15 and July 15 of each year,
or, if such date is not a Business Day, on the next succeeding Business Day (each, an
“Interest Payment Date”), commencing July 15, 20101. Interest on the
Notes will accrue from the most recent date to which interest has been paid or, if no
interest has been paid, from January 14, 20102. The Company shall pay
interest on overdue principal and premium, if any, and interest on overdue installments of
interest, to the extent lawful, at the interest rate for the Notes. Interest will be
computed on the basis of a 360-day year of twelve 30-day months.

	2.	 	Method of Payment

     The Company will pay interest on the Notes to the Persons who are registered Holders of
Notes at the close of business on the January 1 or July 1 next preceding the Interest
Payment Date, even if such Notes are canceled after such record date and on or before such
Interest Payment Date, except with respect to defaulted interest. The Notes will be payable
as to principal, premium and interest at the office or agency of the Company maintained for
such purpose within or without the City and State of New York, or, at the option of the
Company, payment of interest may be made by check mailed to the Holders at their addresses
set forth in the register of Holders, and provided that payment by wire transfer of
immediately available funds will be required with respect to principal of and interest and
premium on all Global Notes and all other Notes the Holders of which shall have provided
wire transfer instructions no later than 30 days immediately preceding the relevant due date
for payment (or such other date as the Trustee may accept in its judgment), to the Company
or the Paying Agent. Such payment shall be in such coin or currency of the United States of
America at the time of payment is legal tender for payment of public and private debts.

	3.	 	Paying Agent and Registrar

     Initially, U.S. Bank National Association (the “Trustee”), will act as Paying Agent and
Registrar. The Company may appoint and change any Paying Agent or Registrar without notice
to any holder. The Company or any of its Subsidiaries may act as Paying Agent or Registrar.

 

			
	1	 	In the case of Notes issued on the Issue
Date.
	 
	2	 	In the case of Notes issued on the Issue
Date.

A-3

 

	4.	 	Indenture

     The Company issued the Notes under an Indenture dated as of January 14, 2010 (the “Base
Indenture’), as supplemented by that First Supplemental Indenture dated January 14, 2010
(the “Supplemental Indenture” and together with the Base Indenture, the “Indenture”), each
among the Company, the Guarantors and the Trustee. The terms of the Notes include those
stated in the Indenture and those made part of the Indenture by reference to the Trust
Indenture Act of 1939, as amended (15 U.S.C. §§ 77aaa-77bbbb) as in effect on the
date of the Indenture (the “Trust Indenture Act”). Terms defined in the Indenture and not
defined herein have the meanings ascribed thereto in the Indenture. The Notes are subject
to all such terms, and Holders are referred to the Indenture and the Trust Indenture Act for
a statement of those terms. To the extent any provision of this Note conflicts with the
express provisions of the Indenture, the provisions of the Indenture shall govern and be
controlling.

     The Company shall be entitled, subject to its compliance with Section 4.09 of the
Supplemental Indenture, to issue Additional Notes pursuant to Section 2.03 of the
Supplemental Indenture. The Initial Notes issued on the Issue Date and any Additional Notes
will be treated as a single class for all purposes under the Indenture.

	5.	 	Optional Redemption

     Except as set forth below, the Company shall not be entitled to redeem the Notes prior
to January 15, 2014.

     At any time prior to January 15, 2014, the Company may redeem all or a part of the
Notes (which includes Additional Notes, if any), at a Redemption Price equal to 100% of the
principal amount of Notes redeemed plus the Applicable Premium as of, and accrued and unpaid
interest, if any, to the date of redemption (the “Redemption Date”), subject to the rights
of Holders of Notes on the relevant record date to receive interest due on the relevant
interest payment date.

     On or after January 15, 2014, the Company shall be entitled at its option to redeem all
or a portion of the Notes at the Redemption Prices set forth below (expressed in percentages
of principal amount) set forth below, plus accrued and unpaid interest, if any, thereon to
the applicable Redemption Date (subject to the right of Holders of record on the relevant
date to receive interest due on the relevant interest payment date), if redeemed during the
twelve-month period beginning on January 15 on the years indicated below:

	 	 	 	 	 
	 	 	Redemption	 
	Year	 	Price	 
	2014
	 	 	103.625	%
	2015
	 	 	101.813	%
	2016 and thereafter
	 	 	100.000	%

     In addition, at any time on or prior to January 15, 2013, the Company shall be entitled
at its option on one or more occasions to redeem Notes in an aggregate principal amount not
to exceed 35% of the aggregate principal amount of the Notes issued (which includes the
Additional Notes, if any) at a Redemption Price of 107.250% of the principal amount, plus
accrued and unpaid interest to the Redemption Date, with the Net Cash Proceeds from one or
more Equity

A-4

 

 Offerings; provided, however, that (1) at least 65% of such aggregate principal
amount of Notes (which includes the Additional Notes, if any) remains outstanding immediately after the
occurrence of each such redemption (other than Notes held by the Company or its
Subsidiaries); and (2) each such redemption occurs within 60 days after the date of the
closing of the related Equity Offering.

	6.	 	Notice of Redemption

     Notice of redemption will be mailed at least 30 days but not more than 60 days before
the Redemption Date to each Holder to be redeemed at his or her registered address.

	7.	 	Repurchase at Option of Holder

     If a Change of Control occurs, each Holder shall have the right to require that the
Company purchase all or a portion of such Holder’s Notes pursuant to the offer described in
the Indenture (the “Change of Control Offer”), at a purchase price equal to 101% of the
principal amount thereof plus accrued interest, if any, to the date of purchase (subject to
the right of holders of record on the relevant record date to receive interest due on an
interest payment date that is on or prior to the date fixed for redemption). Within 30 days
following the date upon which the Change of Control occurred, the Company must send, by
first class mail, a notice to each Holder, which notice shall govern the terms of the Change
of Control Offer and shall be in compliance with the Indenture. Holders electing to have a
Note purchased pursuant to a Change of Control Offer shall be required to surrender the
Note, with the form entitled “Option of Holder to Elect Purchase” on the reverse of the Note
completed, to the Paying Agent at the address specified in the notice.

	8.	 	Denominations; Transfer; Exchange

     The Notes are in registered form without coupons in minimum denominations of $2,000
principal and integral multiples of $1,000 in excess thereof. A Holder may transfer or
exchange Notes in accordance with the Indenture. The Registrar may require a Holder, among
other things, to furnish appropriate endorsements or transfer documents and to pay any taxes
and fees required by law or permitted by the Indenture. The Registrar need not register the
transfer of or exchange any Notes selected for redemption (except, in the case of a Note to
be redeemed in part, the portion of the Note not to be redeemed) or any Notes for a period
of 15 days before a selection of Notes to be redeemed or 15 days before an Interest Payment
Date.

	9.	 	Persons Deemed Owners

     The registered Holder of this Note may be treated as the owner of it for all purposes.

	10.	 	Discharge and Defeasance

     Subject to certain conditions, the Company at any time shall be entitled to terminate
some or all of its and the Guarantors’ obligations under the Notes and the Indenture if the
Company deposits with the Trustee money or U.S. Government Obligations for the payment of
principal and interest on the Notes to redemption or maturity, as the case may be.

	11.	 	Amendment, Waiver

Subject to certain exceptions, the Indenture, the Guarantees or the Notes may be amended or
supplemented with the consent of the Holders of at least a majority in principal amount of
the then

A-5

 

outstanding Notes voting as a single class (including consents obtained in
connection with a tender offer or exchange offer for, or purchase of, the Notes), and any existing Default or
Event of Default (other than a Default or Event of Default in the payment of the principal
of, premium, if any, or interest on the Notes, except a payment default resulting from an
acceleration that has been rescinded) or compliance with any provision of the Indenture, the
Guarantees or the Notes may be waived with the consent of the Holders of a majority in
principal amount of the then outstanding Notes voting as a single class (including consents
obtained in connection with a tender offer or exchange offer for, or purchase of, the
Notes). Without the consent of any Holder, the Indenture, the Guarantees or the Notes may
be amended to, among other things, cure any ambiguity, defect or inconsistency; to
provide for uncertificated Notes in addition to or in place of certificated Notes; to
provide for the assumption of the Company’s obligations to Holders of Notes in the case of a
merger or consolidation or sale of all or substantially all of the Company’s assets; or to
make any change that would provide any additional rights or benefits to the Holders of Notes
or that does not adversely affect in any material respect the legal rights under the
Indenture of any such Holder.

	12.	 	Defaults and Remedies

If any Event of Default (as defined in the Indenture) occurs and is continuing, the Trustee
or the Holders of at least 25% in principal amount of the then outstanding Notes may declare
all the Notes to be due and payable by notice in writing to the Company and the Trustee
specifying the respective Event of Default and that it is a “notice of acceleration,” and
the same shall become immediately due and payable. Holders may not enforce the Indenture or
the Notes except as provided in the Indenture and the Trust Indenture Act. Subject to
certain limitations, Holders of a majority in principal amount of the then outstanding Notes
may direct the Trustee in its exercise of any trust or power. However, the Trustee may
refuse to follow any direction that conflicts with law or the Supplemental Indenture or that
the Trustee determines may be unduly prejudicial to the rights of other Holders of Notes or
that may involve the Trustee in personal liability. The Company is required to deliver to
the Trustee annually a statement regarding compliance with the Indenture, and the Company is
required upon becoming aware of any Default or Event of Default, to deliver to the Trustee a
statement specifying such Default or Event of Default.

	13.	 	Guarantee

     The full and punctual payment by the Company of the principal of, premium, if any, and
interest on the Notes is fully and unconditionally guaranteed on a joint and several senior
unsecured basis by each of the Guarantors.

	14.	 	Trustee Dealings with the Company

     Subject to certain limitations imposed by the Trust Indenture Act, the Trustee under
the Indenture, in its individual or any other capacity, may become the owner or pledgee of
Notes and may otherwise deal with and collect obligations owed to it by the Company or its
Affiliates and may make loans to, accept deposits from, and perform services for the Company
or its Affiliates, and may otherwise deal with the Company or its Affiliates, as if it were
not the Trustee.

	15.	 	No Recourse Against Others

     Any past, present, or future director, officer, employee, incorporator or stockholder,
as such, of the Company, any Guarantors or the Trustee shall not have any liability for any
obligations of the Company or any Guarantor under the Notes, the Indenture, the Guarantees
or for any

A-6

 

claim based on, in respect of or by reason of such obligations or their creation.
By accepting a
Note, each Holder waives and releases all such liability. The waiver and release are
part of the consideration for the issue of the Notes.

	16.	 	Authentication

     This Note shall not be valid until an authorized signatory of the Trustee (or an
authenticating agent) signs the certificate of authentication on the other side of this
Note.

	17.	 	Abbreviations

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

	18.	 	CUSIP Numbers

     Pursuant to a recommendation promulgated by the Committee on Uniform Security
Identification Procedures the Company has caused CUSIP numbers to be printed on the Notes
and has directed the Trustee to use CUSIP numbers in notices of redemption as a convenience
to Holders. No representation is made as to the accuracy of such numbers either as printed
on the Notes or as contained in any notice of redemption and reliance may be placed only on
the other identification numbers placed thereon.

	19.	 	Governing Law

     THE INTERNAL LAW OF THE STATE OF NEW YORK SHALL GOVERN AND BE USED TO CONSTRUE THIS
NOTE WITHOUT GIVING EFFECT TO APPLICABLE PRINCIPLES OF CONFLICTS OF LAW TO THE EXTENT THAT
THE APPLICATION OF THE LAWS OF ANOTHER JURISDICTION WOULD BE REQUIRED THEREBY.

 

     The Company will furnish to any Holder upon written request and without charge to the Holder a
copy of the Indenture. Requests may be made to:

	 	 	 	 	 
	 	 	The Scotts Miracle-Gro Company
	 	 	14111 Scottslawn Road
	 	 	Marysville, Ohio 43041
	 

	 	Attention:
	 	David C. Evans, Executive Vice President and Chief Financial Officer
and
	 

	 	 	 	Vincent C. Brockman, Executive Vice President, General Counsel and Corporate
Secretary
	 

	 	Facsimile No.:
	 	(937) 578-5078

A-7

 

ASSIGNMENT FORM

To assign this Note, fill in the form below:

I or we assign and transfer this Note to

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

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

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

 

	 	 	 	 	 	 	 	 	 
	Date:

	 	 	 	 
	 	 Your Signature: 	 	 
	 

	 	 
	 	 	 	 	 	 

 

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

	 	 	 
	 

	 	 
	 

	 	Signature

Signature Guarantee:

	 	 	 	 	 
	 

	 	 	 	 
	 

	 	 	 	 
	Signature must be guaranteed

	 	 	 	Signature

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

A-8

 

[TO BE ATTACHED TO GLOBAL SECURITIES]

SCHEDULE OF INCREASES OR DECREASES IN GLOBAL NOTE

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

	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	Principal amount of	 	 
	 

	 	 	 	 	 	this Global Note
	 	Signature of
	 

	 	Amount of decrease
	 	Amount of increase
	 	following such
	 	authorized officer
	Date of

	 	in Principal amount
	 	in Principal amount
	 	decrease or
	 	of Trustee or
	Exchange

	 	of this Global Note
	 	of this Global Note
	 	increase
	 	Custodian
	 

	 	 
	 	 
	 	 
	 	 

A-9

 

OPTION OF HOLDER TO ELECT PURCHASE

     If you want to elect to have this Note purchased by the Company pursuant to either Section
4.10 or Section 4.13 of the Supplemental Indenture, as applicable, check the corresponding box:

	 	 	 	 	 	 	 	 	 
	Section 4.10

	 	o
	 	 
	 	Section 4.13
	 	o

     If you want to elect to have only part of this Note purchased by the Company pursuant to
Section 4.10 or Section 4.13 of the Supplemental Indenture, as applicable, state the amount in
principal amount: $                                        

	 	 	 	 	 	 	 	 	 
	Dated:

	 	
	 	 
	 	 Your Signature:	 	 
	 

	 	 
	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	(Sign exactly as your name appears
on the other side of this Note.)

	 	 	 	 	 
	 Signature Guarantee: 
	 	 	 	 
	 

	 	(Signature must be guaranteed)	 	 

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

A-10

 

EXHIBIT B

FORM OF GUARANTEE

     For value received, each Guarantor (which term includes any successor Person under the
Indenture), jointly and severally, unconditionally guarantees, to the extent set forth in and
subject to the provisions in the Indenture, dated as of January 14, 2010 (the “Base Indenture”), as
supplemented by that First Supplemental Indenture dated as of January 14, 2010 (the “Supplemental
Indenture” and together with the Base Indenture, the “Indenture”), among The Scotts Miracle-Gro
Company, as issuer (the “Company”), the Guarantors from time to time party thereto and U.S. Bank
National Association, as trustee (the “Trustee”), (a) the full and punctual payment of the
principal of and interest on the Notes when due, whether at maturity, by acceleration, redemption
or otherwise, and all other monetary obligations of the Company under the Indenture and the Notes
and (b) the full and punctual performance within applicable grace periods of all other obligations
of the Company under the Indenture and the Notes (all the foregoing being hereinafter collectively
called the “Guaranteed Obligations”). Each Guarantor further agrees that the Guaranteed
Obligations may be extended or renewed, in whole or in part, without notice or further assent from
such Guarantor and that such Guarantor will remain bound hereunder notwithstanding any extension or
renewal of any Guaranteed Obligation.

     The obligations of the Guarantors to the Holders of Notes and to the Trustee pursuant to the
Guarantee and the Indenture are expressly set forth in Article 17 of the Base Indenture and Article
10 of the Supplemental Indenture and reference is hereby made such provisions for the precise terms
of the Guarantee. Each Holder, by accepting the same agrees to and shall be bound by such
provisions. This Guarantee is subject to release as and to the extent set forth in Sections 4.01
and 15.02 of the Base Indenture and Section 10.02 of the Supplemental Indenture. Capitalized terms
used herein and not defined are used herein as so defined in the Indenture.

	 	 	 	 	 
	 	[GUARANTOR]

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 

B-1

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