Document:

Exhibit 4(d)

                        SUB-INVESTMENT ADVISORY AGREEMENT

      AGREEMENT dated September 29, 2006, between BlackRock Advisors, LLC, a
Delaware limited liability corporation (the "Advisor"), and BlackRock Investment
Management, LLC, a Delaware limited liability corporation (the "Sub-Advisor").

      WHEREAS, the Advisor has agreed to furnish investment advisory services to
the BlackRock High Yield Municipal Fund (the "Fund"), a series of BlackRock
Municipal Bond Fund, Inc., a Maryland corporation (the "Corporation"), an
open-end management investment company registered under the Investment Company
Act of 1940, as amended (the "1940 Act");

      WHEREAS, the Advisor wishes to retain the Sub-Advisor to provide it with
certain sub-advisory services as described below in connection with Advisor's
advisory activities on behalf of the Fund;

      WHEREAS, the advisory agreement between the Advisor and the Corporation,
dated September 29, 2006 (such agreement or the most recent successor agreement
between such parties relating to advisory services to the Corporation is
referred to herein as the "Advisory Agreement") contemplates that the Advisor
may sub-contract investment advisory services with respect to the Fund to a
sub-advisor pursuant to a sub-advisory agreement agreeable to the Corporation
and approved in accordance with the provisions of the 1940 Act; and

      WHEREAS, this Agreement has been approved in accordance with the
provisions of the 1940 Act, and the Sub-Advisor is willing to furnish such
services upon the terms and conditions herein set forth;

      NOW, THEREFORE, in consideration of the mutual premises and covenants
herein contained and other good and valuable consideration, the receipt of which
is hereby acknowledged, it is agreed by and between the parties hereto as
follows:

      1. Appointment. The Advisor hereby appoints the Sub-Advisor to act as
sub-advisor with respect to the Fund and the Sub-Advisor accepts such
appointment and agrees to render the services herein set forth for the
compensation herein provided.

      2. Services of the Sub-Advisor. Subject to the succeeding provisions of
this section, the oversight and supervision of the Advisor and the direction and
control of the Corporation's Board of Directors, the Sub-Advisor will perform
certain of the day-to-day operations of the Fund, which may include one or more
of the following services, at the request of the Advisor: (a) acting as
investment advisor for and managing the investment and reinvestment of those
assets of the Fund as the Advisor may from time to time request and in
connection therewith have complete discretion in purchasing and selling such
securities and other assets for the Fund and in voting, exercising consents and
exercising all other rights appertaining to such securities and other assets on
behalf of the Fund; (b) arranging, subject to the provisions of paragraph 3
hereof, for the purchase and sale of securities and other assets of the Fund;
(c) providing investment research and credit analysis concerning the Fund's

<PAGE>

investments, (d) assist the Advisor in determining what portion of the Fund's
assets will be invested in cash, cash equivalents and money market instruments,
(e) placing orders for all purchases and sales of such investments made for the
Fund, and (f) maintaining the books and records as are required to support Fund
investment operations. At the request of the Advisor, the Sub-Advisor will also,
subject to the oversight and supervision of the Advisor and the direction and
control of the Corporation's Board of Directors, provide to the Advisor or the
Fund any of the facilities and equipment and perform any of the services
described in Section 3 of the Advisory Agreement. In addition, the Sub-Advisor
will keep the Fund and the Advisor informed of developments materially affecting
the Fund and shall, on its own initiative, furnish to the Fund from time to time
whatever information the Sub-Advisor believes appropriate for this purpose. The
Sub-Advisor will periodically communicate to the Advisor, at such times as the
Advisor may direct, information concerning the purchase and sale of securities
for the Fund, including: (a) the name of the issuer, (b) the amount of the
purchase or sale, (c) the name of the broker or dealer, if any, through which
the purchase or sale is effected, (d) the CUSIP number of the instrument, if
any, and (e) such other information as the Advisor may reasonably require for
purposes of fulfilling its obligations to the Fund under the Advisory Agreement.
The Sub-Advisor will provide the services rendered by it under this Agreement in
accordance with the Fund's investment objectives, policies and restrictions (as
currently in effect and as they may be amended or supplemented from time to
time) as stated in the Fund's Prospectus and Statement of Additional Information
and the resolutions of the Corporation's Board of Directors.

      3. Covenants. (a) In the performance of its duties under this Agreement,
the Sub-Advisor shall at all times conform to, and act in accordance with, any
requirements imposed by: (i) the provisions of the 1940 Act and the Investment
Advisers Act of 1940, as amended (the "Advisers Act") and all applicable Rules
and Regulations of the Securities and Exchange Commission (the "SEC"); (ii) any
other applicable provision of law; (iii) the provisions of the Charter and
By-Laws of the Corporation, as such documents are amended from time to time;
(iv) the investment objectives and policies of the Fund as set forth in the
Corporation's Registration Statement on Form N-1A and/or the resolutions of the
Board of Directors; and (v) any policies and determinations of the Board of
Directors of the Corporation and

            (b) In addition, the Sub-Advisor will:

                  (i) place orders either directly with the issuer or with any
            broker or dealer. Subject to the other provisions of this paragraph,
            in placing orders with brokers and dealers, the Sub-Advisor will
            attempt to obtain the best price and the most favorable execution of
            its orders. In placing orders, the Sub-Advisor will consider the
            experience and skill of the firm's securities traders as well as the
            firm's financial responsibility and administrative efficiency.
            Consistent with this obligation, the Sub-Advisor may select brokers
            on the basis of the research, statistical and pricing services they
            provide to the Fund and other clients of the Advisor or the
            Sub-Advisor. Information and research received from such brokers
            will be in addition to, and not in lieu of, the services required to
            be performed by the Sub-Advisor hereunder. A commission paid to such
            brokers may be higher than that which another qualified broker would
            have charged for effecting the same transaction, provided that the
            Sub-

                                       2
<PAGE>

            Advisor determines in good faith that such commission is reasonable
            in terms either of the transaction or the overall responsibility of
            the Advisor and the Sub-Advisor to the Fund and their other clients
            and that the total commissions paid by the Fund will be reasonable
            in relation to the benefits to the Fund over the long-term. Subject
            to the foregoing and the provisions of the 1940 Act, the Securities
            Exchange Act of 1934, as amended, and other applicable provisions of
            law, the Advisor may select brokers and dealers with which it or the
            Corporation is affiliated;

                  (ii) maintain books and records with respect to the Fund's
            securities transactions and will render to the Advisor and the
            Corporation's Board of Directors such periodic and special reports
            as they may request;

                  (iii) maintain a policy and practice of conducting its
            investment advisory services hereunder independently of the
            commercial banking operations of its affiliates. When the
            Sub-Advisor makes investment recommendations for the Fund, its
            investment advisory personnel will not inquire or take into
            consideration whether the issuer of securities proposed for purchase
            or sale for the Fund's account are customers of the commercial
            department of its affiliates; and

                  (iv) treat confidentially and as proprietary information of
            the Fund all records and other information relative to the Fund, and
            the Fund's prior, current or potential shareholders, and will not
            use such records and information for any purpose other than
            performance of its responsibilities and duties hereunder, except
            after prior notification to and approval in writing by the Fund,
            which approval shall not be unreasonably withheld and may not be
            withheld where the Sub-Advisor may be exposed to civil or criminal
            contempt proceedings for failure to comply, when requested to
            divulge such information by duly constituted authorities, or when so
            requested by the Fund.

      4. Services Not Exclusive. Nothing in this Agreement shall prevent the
Sub-Advisor or any officer, employee or other affiliate thereof from acting as
investment advisor for any other person, firm or corporation, or from engaging
in any other lawful activity, and shall not in any way limit or restrict the
Sub-Advisor or any of its officers, employees or agents from buying, selling or
trading any securities for its or their own accounts or for the accounts of
others for whom it or they may be acting; provided, however, that the
Sub-Advisor will undertake no activities which, in its judgment, will adversely
affect the performance of its obligations under this Agreement.

      5. Books and Records. In compliance with the requirements of Rule 31a-3
under the 1940 Act, the Sub-Advisor hereby agrees that all records which it
maintains for the Corporation are the property of the Corporation and further
agrees to surrender promptly to the Corporation any such records upon the
Corporation's request. The Sub-Advisor further agrees to preserve for the
periods prescribed by Rule 31a-2 under the 1940 Act the records required to be
maintained by Rule 31a-1 under the 1940 Act (to the extent such books and
records are not maintained by the Advisor).

                                       3
<PAGE>

      6. Expenses. During the term of this Agreement, the Sub-Advisor will bear
all costs and expenses of its employees and any overhead incurred by the
Sub-Advisor in connection with its duties hereunder; provided that the Board of
Directors of the Corporation may approve reimbursement to the Sub-Advisor of the
pro-rata portion of the salaries, bonuses, health insurance, retirement benefits
and all similar employment costs for the time spent on Fund operations
(including, without limitation, compliance matters) (other than the provision of
investment advice and administrative services required to be provided hereunder)
of all personnel employed by the Sub-Advisor who devote substantial time to Fund
operations or the operations of other investment companies advised or
sub-advised by the Sub-Advisor.

      7. Compensation.

            (a) The Advisor agrees to pay to the Sub-Advisor and the Sub-Advisor
      agrees to accept as full compensation for all services rendered by the
      Sub-Advisor as such, a monthly fee in arrears at an annual rate equal to
      the amount set forth in Schedule A hereto. For any period less than a
      month during which this Agreement is in effect, the fee shall be prorated
      according to the proportion which such period bears to a full month of 28,
      29, 30 or 31 days, as the case may be.

            (b) For purposes of this Agreement, the net assets of the Fund shall
      be calculated pursuant to the procedures adopted by resolutions of the
      Directors of the Corporation for calculating the value of the Fund's
      assets or delegating such calculations to third parties.

      8. Indemnity.

            (a) The Corporation may, in the discretion of the Board of Directors
      of the Corporation, indemnify the Sub-Advisor, and each of the
      Sub-Advisor's directors, officers, employees, agents, associates and
      controlling persons and the directors, partners, members, officers,
      employees and agents thereof (including any individual who serves at the
      Sub-Advisor's request as director, officer, partner, member, trustee or
      the like of another entity) (each such person being an "Indemnitee")
      against any liabilities and expenses, including amounts paid in
      satisfaction of judgments, in compromise or as fines and penalties, and
      counsel fees (all as provided in accordance with applicable state law)
      reasonably incurred by such Indemnitee in connection with the defense or
      disposition of any action, suit or other proceeding, whether civil or
      criminal, before any court or administrative or investigative body in
      which such Indemnitee may be or may have been involved as a party or
      otherwise or with which such Indemnitee may be or may have been
      threatened, while acting in any capacity set forth herein or thereafter by
      reason of such Indemnitee having acted in any such capacity, except with
      respect to any matter as to which such Indemnitee shall have been
      adjudicated not to have acted in good faith in the reasonable belief that
      such Indemnitee's action was in the best interest of the Corporation and
      furthermore, in the case of any criminal proceeding, so long as such
      Indemnitee had no reasonable cause to believe that the conduct was
      unlawful; provided, however, that (1) no Indemnitee shall be indemnified
      hereunder against any liability to the Corporation or its shareholders or
      any expense of such Indemnitee arising by reason of (i) willful
      misfeasance, (ii) bad faith, (iii) gross negligence or (iv) reckless
      disregard of the duties involved in the conduct of such Indemnitee's
      position (the conduct referred to in such clauses (i) through (iv)

                                       4
<PAGE>

      being sometimes referred to herein as "disabling conduct"), (2) as to any
      matter disposed of by settlement or a compromise payment by such
      Indemnitee, pursuant to a consent decree or otherwise, no indemnification
      either for said payment or for any other expenses shall be provided unless
      there has been a determination that such settlement or compromise is in
      the best interests of the Corporation and that such Indemnitee appears to
      have acted in good faith in the reasonable belief that such Indemnitee's
      action was in the best interest of the Corporation and did not involve
      disabling conduct by such Indemnitee and (3) with respect to any action,
      suit or other proceeding voluntarily prosecuted by any Indemnitee as
      plaintiff, indemnification shall be mandatory only if the prosecution of
      such action, suit or other proceeding by such Indemnitee was authorized by
      a majority of the full Board of Directors of the Corporation.

            (b) The Corporation shall make advance payments in connection with
      the expenses of defending any action with respect to which indemnification
      might be sought hereunder if the Corporation receives a written
      affirmation of the Indemnitee's good faith belief that the standard of
      conduct necessary for indemnification has been met and a written
      undertaking to reimburse the Corporation unless it is subsequently
      determined that such Indemnitee is entitled to such indemnification and if
      the Directors of the Corporation determine that the facts then known to
      them would not preclude indemnification. In addition, at least one of the
      following conditions must be met: (A) the Indemnitee shall provide a
      security for such Indemnitee undertaking, (B) the Fund shall be insured
      against losses arising by reason of any unlawful advance, or (C) a
      majority of a quorum consisting of Directors of the Corporation who are
      neither "interested persons" of the Corporation (as defined in Section
      2(a)(19) of the 1940 Act) nor parties to the proceeding ("Disinterested
      Non-Party Directors") or an independent legal counsel in a written
      opinion, shall determine, based on a review of readily available facts (as
      opposed to a full trial-type inquiry), that there is reason to believe
      that the Indemnitee ultimately will be found entitled to indemnification.

            (c) All determinations with respect to the standards for
      indemnification hereunder shall be made (1) by a final decision on the
      merits by a court or other body before whom the proceeding was brought
      that such Indemnitee is not liable by reason of disabling conduct, or (2)
      in the absence of such a decision, by (i) a majority vote of a quorum of
      the Disinterested Non-Party Directors of the Corporation, or (ii) if such
      a quorum is not obtainable or even, if obtainable, if a majority vote of
      such quorum so directs, independent legal counsel in a written opinion.
      All determinations that advance payments in connection with the expense of
      defending any proceeding shall be authorized shall be made in accordance
      with the immediately preceding clause (2) above.

      The rights accruing to any Indemnitee under these provisions shall not
exclude any other right to which such Indemnitee may be lawfully entitled.

      9. Limitation on Liability. The Sub-Advisor will not be liable for any
error of judgment or mistake of law or for any loss suffered by the Advisor or
by the Fund in connection with the performance of this Agreement, except a loss
resulting from a breach of fiduciary duty with respect to the receipt of
compensation for services or a loss resulting from willful misfeasance, bad
faith or gross negligence on its part in the performance of its duties or from
reckless disregard by it of its duties under this Agreement. As used in this
Section 9(a), the term "Sub-Advisor" shall include any

                                       5
<PAGE>

affiliates of the Sub-Advisor performing services for the Fund contemplated
hereby and partners, directors, officers and employees of the Sub-Advisor and
such affiliates.

      10. Duration and Termination. This Agreement shall become effective as of
the date hereof and, unless sooner terminated with respect to the Fund as
provided herein, shall continue in effect for a period of two years. Thereafter,
if not terminated, this Agreement shall continue in effect with respect to the
Fund for successive periods of 12 months, provided such continuance is
specifically approved at least annually by both (a) the vote of a majority of
the Corporation's Board of Directors or a vote of a majority of the outstanding
voting securities of the Fund at the time outstanding and entitled to vote and
(b) by the vote of a majority of the Directors, who are not parties to this
Agreement or interested persons (as such term is defined in the 1940 Act) of any
such party, cast in person at a meeting called for the purpose of voting on such
approval. Notwithstanding the foregoing, this Agreement may be terminated by the
Corporation or the Advisor at any time, without the payment of any penalty, upon
giving the Sub-Advisor 60 days' notice (which notice may be waived by the
Sub-Advisor), provided that such termination by the Corporation or the Advisor
shall be directed or approved by the vote of a majority of the Directors of the
Corporation in office at the time or by the vote of the holders of a majority of
the voting securities of the Fund at the time outstanding and entitled to vote,
or by the Sub-Advisor on 60 days' written notice (which notice may be waived by
the Corporation and the Advisor), and will terminate automatically upon any
termination of the Advisory Agreement between the Corporation and the Advisor.
This Agreement will also immediately terminate in the event of its assignment.
(As used in this Agreement, the terms "majority of the outstanding voting
securities," "interested person" and "assignment" shall have the same meanings
of such terms in the 1940 Act.)

      11. Notices. Any notice under this Agreement shall be in writing to the
other party at such address as the other party may designate from time to time
for the receipt of such notice and shall be deemed to be received on the earlier
of the date actually received or on the fourth day after the postmark if such
notice is mailed first class postage prepaid.

      12. Amendment of this Agreement. This Agreement may be amended by the
parties only if such amendment is specifically approved by the vote of the Board
of Directors of the Corporation, including a majority of those Directors who are
not parties to this Agreement or interested persons of any such party cast in
person at a meeting called for the purpose of voting on such approval and, where
required by the 1940 Act, by a vote of a majority of the outstanding voting
securities of the Fund.

      13. Miscellaneous. The captions in this Agreement are included for
convenience of reference only and in no way define or delimit any of the
provisions hereof or otherwise affect their construction or effect. If any
provision of this Agreement shall be held or made invalid by a court decision,
statute, rule or otherwise, the remainder of this Agreement shall not be
affected thereby. This Agreement shall be binding on, and shall inure to the
benefit of the parties hereto and their respective successors.

                                       6
<PAGE>

      14. Governing Law. This Agreement shall be governed by and construed in
accordance with the laws of the State of New York for contracts to be performed
entirely therein without reference to choice of law principles thereof and in
accordance with the applicable provisions of the 1940 Act. To the extent that
the applicable laws of the State of New York, or any of the provisions, conflict
with the applicable provisions of the 1940 Act, the latter shall control.

      15. Counterparts. This Agreement may be executed in counterparts by the
parties hereto, each of which shall constitute an original counterpart, and all
of which, together, shall constitute one Agreement.

      IN WITNESS WHEREOF, the parties hereto have caused this instrument to be
executed by their duly authorized officers designated below as of the day and
year first above written.

                                    BLACKROCK ADVISORS, LLC

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

                                    BLACKROCK INVESTMENT MANAGEMENT, LLC

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

AGREED AND ACCEPTED
as of the date first set forth above

BLACKROCK MUNICIPAL BOND FUND, INC.

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

                                       7
<PAGE>

                                   Schedule A

                           Sub-Investment Advisory Fee

59% of the monthly advisory fee received by the Advisor from the Fund.exv4w1

 

Exhibit
4.1

INDENTURE

Dated as of December 1, 2005

Among

AVAGO TECHNOLOGIES FINANCE PTE. LTD.,

AVAGO TECHNOLOGIES U.S. INC.,

AVAGO TECHNOLOGIES WIRELESS (U.S.A.) MANUFACTURING INC.,

THE GUARANTORS NAMED ON THE SIGNATURE PAGES HERETO

and

THE BANK OF NEW YORK,

as Trustee

10 1/8% SENIOR NOTES DUE 2013

and

SENIOR FLOATING RATE NOTES DUE 2013

 

 

	 	 	 	 	 

TABLE OF CONTENTS

	 	 	 	 	 	 	 
	 	 	 	 	Page
	ARTICLE 1	 	DEFINITIONS AND INCORPORATION BY REFERENCE
	 	 	1	 
	 	 	 
	 	 	 	 
	  Section 1.01.	 	Definitions
	 	 	1	 
	  Section 1.02.	 	Other Definitions
	 	 	36	 
	  Section 1.03.	 	Incorporation by Reference of Trust Indenture Act
	 	 	37	 
	  Section 1.04.	 	Rules of Construction
	 	 	37	 
	  Section 1.05.	 	Acts of Holders
	 	 	38	 
	 	 	 
	 	 	 	 
	ARTICLE 2	 	THE NOTES
	 	 	40	 
	 	 	 
	 	 	 	 
	  Section 2.01.	 	Form and Dating; Terms
	 	 	40	 
	  Section 2.02.	 	Execution and Authentication
	 	 	41	 
	  Section 2.03.	 	Registrar, Paying Agent and Calculation Agent
	 	 	42	 
	  Section 2.04.	 	Paying Agent to Hold Money in Trust
	 	 	42	 
	  Section 2.05.	 	Holder Lists
	 	 	43	 
	  Section 2.06.	 	Transfer and Exchange
	 	 	43	 
	  Section 2.07.	 	Replacement Notes
	 	 	57	 
	  Section 2.08.	 	Outstanding Notes
	 	 	57	 
	  Section 2.09.	 	Treasury Notes
	 	 	58	 
	  Section 2.10.	 	Temporary Notes
	 	 	58	 
	  Section 2.11.	 	Cancellation
	 	 	58	 
	  Section 2.12.	 	Defaulted Interest
	 	 	58	 
	  Section 2.13.	 	CUSIP Numbers; ISIN Numbers
	 	 	59	 
	 	 	 
	 	 	 	 
	ARTICLE 3	 	REDEMPTION
	 	 	59	 
	 	 	 
	 	 	 	 
	  Section 3.01.	 	Notices to Trustee
	 	 	59	 
	  Section 3.02.	 	Selection of Notes to Be Redeemed or Purchased
	 	 	60	 
	  Section 3.03.	 	Notice of Redemption
	 	 	60	 
	  Section 3.04.	 	Effect of Notice of Redemption
	 	 	61	 
	  Section 3.05.	 	Deposit of Redemption or Purchase Price
	 	 	61	 
	  Section 3.06.	 	Notes Redeemed or Purchased in Part
	 	 	62	 
	  Section 3.07.	 	Optional Redemption
	 	 	62	 
	  Section 3.08.	 	Redemption Upon Changes in Withholding Taxes
	 	 	64	 
	  Section 3.09.	 	Mandatory Redemption
	 	 	65	 
	  Section 3.10.	 	Offers to Repurchase by Application of Excess Proceeds
	 	 	65	 
	 	 	 
	 	 	 	 
	ARTICLE 4	 	COVENANTS
	 	 	67	 
	 	 	 
	 	 	 	 
	  Section 4.01.	 	Payment of Notes
	 	 	67	 
	  Section 4.02.	 	Maintenance of Office or Agency
	 	 	68	 
	  Section 4.03.	 	Reports and Other Information
	 	 	68	 
	  Section 4.04.	 	Compliance Certificate
	 	 	70	 
	  Section 4.05.	 	Taxes
	 	 	70	 
	  Section 4.06.	 	Stay, Extension and Usury Laws
	 	 	71	 
	  Section 4.07.	 	Limitation on Restricted Payments
	 	 	71	 

i

 

TABLE OF CONTENTS
(continued)

	 	 	 	 	 	 	 
	 	 	 	 	Page
	  Section 4.08.	 	Dividend and Other Payment Restrictions Affecting Restricted Subsidiaries
	 	 	78	 
	  Section 4.09.	 	Limitation on Incurrence of Indebtedness and Issuance of Disqualified Stock and
Preferred Stock
	 	 	80	 
	  Section 4.10.	 	Asset Sales
	 	 	86	 
	  Section 4.11.	 	Transactions with Affiliates
	 	 	89	 
	  Section 4.12.	 	Liens
	 	 	91	 
	  Section 4.13.	 	Corporate Existence
	 	 	91	 
	  Section 4.14.	 	Offer to Repurchase Upon Change of Control
	 	 	91	 
	  Section 4.15.	 	Limitation on Guarantees of Indebtedness by Restricted Subsidiaries
	 	 	93	 
	  Section 4.16.	 	Suspension of Covenants
	 	 	94	 
	  Section 4.17.	 	Additional Amounts
	 	 	95	 
	 	 	 
	 	 	 	 
	ARTICLE 5	 	SUCCESSORS
	 	 	97	 
	 	 	 
	 	 	 	 
	  Section 5.01.	 	Merger, Consolidation or Sale of All or Substantially All Assets
	 	 	97	 
	  Section 5.02.	 	Successor Corporation Substituted
	 	 	99	 
	 	 	 
	 	 	 	 
	ARTICLE 6	 	DEFAULTS AND REMEDIES
	 	 	100	 
	 	 	 
	 	 	 	 
	  Section 6.01.	 	Events of Default
	 	 	100	 
	  Section 6.02.	 	Acceleration
	 	 	102	 
	  Section 6.03.	 	Other Remedies
	 	 	103	 
	  Section 6.04.	 	Waiver of Past Defaults
	 	 	103	 
	  Section 6.05.	 	Control by Majority
	 	 	103	 
	  Section 6.06.	 	Limitation on Suits
	 	 	103	 
	  Section 6.07.	 	Rights of Holders of Notes to Receive Payment
	 	 	104	 
	  Section 6.08.	 	Collection Suit by Trustee
	 	 	104	 
	  Section 6.09.	 	Restoration of Rights and Remedies
	 	 	104	 
	  Section 6.10.	 	Rights and Remedies Cumulative
	 	 	105	 
	  Section 6.11.	 	Delay or Omission Not Waiver
	 	 	105	 
	  Section 6.12.	 	Trustee May File Proofs of Claim
	 	 	105	 
	  Section 6.13.	 	Priorities
	 	 	106	 
	  Section 6.14.	 	Undertaking for Costs
	 	 	106	 
	 	 	 
	 	 	 	 
	ARTICLE 7	 	TRUSTEE
	 	 	106	 
	 	 	 
	 	 	 	 
	  Section 7.01.	 	Duties of Trustee
	 	 	106	 
	  Section 7.02.	 	Rights of Trustee
	 	 	107	 
	  Section 7.03.	 	Individual Rights of Trustee
	 	 	109	 
	  Section 7.04.	 	Trustee’s Disclaimer
	 	 	109	 
	  Section 7.05.	 	Notice of Defaults
	 	 	109	 
	  Section 7.06.	 	Reports by Trustee to Holders of the Notes
	 	 	109	 
	  Section 7.07.	 	Compensation and Indemnity
	 	 	110	 
	  Section 7.08.	 	Replacement of Trustee
	 	 	111	 

ii

 

TABLE OF CONTENTS
(continued)

	 	 	 	 	 	 	 
	 	 	 	 	Page
	  Section 7.09.	 	Successor Trustee by Merger, etc
	 	 	112	 
	  Section 7.10.	 	Eligibility; Disqualification
	 	 	112	 
	  Section 7.11.	 	Preferential Collection of Claims Against Issuers
	 	 	112	 
	 	 	 
	 	 	 	 
	ARTICLE 8	 	LEGAL DEFEASANCE AND COVENANT DEFEASANCE
	 	 	112	 
	 	 	 
	 	 	 	 
	  Section 8.01.	 	Option to Effect Legal Defeasance or Covenant Defeasance
	 	 	112	 
	  Section 8.02.	 	Legal Defeasance and Discharge
	 	 	112	 
	  Section 8.03.	 	Covenant Defeasance
	 	 	113	 
	  Section 8.04.	 	Conditions to Legal or Covenant Defeasance
	 	 	114	 
	  Section 8.05.	 	Deposited Money and Government Securities to Be Held in Trust; Other Miscellaneous
Provisions
	 	 	116	 
	  Section 8.06.	 	Repayment to Issuers
	 	 	116	 
	  Section 8.07.	 	Reinstatement
	 	 	117	 
	 	 	 
	 	 	 	 
	ARTICLE 9	 	AMENDMENT, SUPPLEMENT AND WAIVER
	 	 	117	 
	 	 	 
	 	 	 	 
	  Section 9.01.	 	Without Consent of Holders of Notes
	 	 	117	 
	  Section 9.02.	 	With Consent of Holders of Notes
	 	 	118	 
	  Section 9.03.	 	Compliance with Trust Indenture Act
	 	 	120	 
	  Section 9.04.	 	Revocation and Effect of Consents
	 	 	120	 
	  Section 9.05.	 	Notation on or Exchange of Notes
	 	 	121	 
	  Section 9.06.	 	Trustee to Sign Amendments, etc
	 	 	121	 
	  Section 9.07.	 	Payment for Consent
	 	 	121	 
	 	 	 
	 	 	 	 
	ARTICLE 10	 	GUARANTEES
	 	 	121	 
	 	 	 
	 	 	 	 
	  Section 10.01.	 	Guarantee
	 	 	122	 
	  Section 10.02.	 	Limitation on Guarantor Liability
	 	 	123	 
	  Section 10.03.	 	Execution and Delivery
	 	 	126	 
	  Section 10.04.	 	Subrogation
	 	 	127	 
	  Section 10.05.	 	Benefits Acknowledged
	 	 	127	 
	  Section 10.06.	 	Release of Guarantees
	 	 	127	 
	 	 	 
	 	 	 	 
	ARTICLE 11	 	SATISFACTION AND DISCHARGE
	 	 	128	 
	 	 	 
	 	 	 	 
	  Section 11.01.	 	Satisfaction and Discharge
	 	 	128	 
	  Section 11.02.	 	Application of Trust Money
	 	 	129	 
	 	 	 
	 	 	 	 
	ARTICLE 12	 	MISCELLANEOUS
	 	 	129	 
	 	 	 
	 	 	 	 
	  Section 12.01.	 	Trust Indenture Act Controls
	 	 	129	 
	  Section 12.02.	 	Notices
	 	 	130	 
	  Section 12.03.	 	Communication by Holders of Notes with Other Holders of Notes
	 	 	131	 
	  Section 12.04.	 	Certificate and Opinion as to Conditions Precedent
	 	 	131	 
	  Section 12.05.	 	Statements Required in Certificate or Opinion
	 	 	131	 
	  Section 12.06.	 	Rules by Trustee and Agents
	 	 	132	 

iii

 

TABLE OF CONTENTS
(continued)

	 	 	 	 	 	 	 
	 	 	 	 	Page
	  Section 12.07.	 	No Personal Liability of Directors, Officers, Employees
and Stockholders
	 	 	132	 
	  Section 12.08.	 	Governing Law
	 	 	132	 
	  Section 12.09.	 	Consent to Jurisdiction, Service of Process and Immunity
	 	 	132	 
	  Section 12.10.	 	Waiver of Jury Trial
	 	 	133	 
	  Section 12.11.	 	Force Majeure
	 	 	133	 
	  Section 12.12.	 	No Adverse Interpretation of Other Agreements
	 	 	133	 
	  Section 12.13.	 	Successors
	 	 	133	 
	  Section 12.14.	 	Severability
	 	 	134	 
	  Section 12.15.	 	Counterpart Originals
	 	 	134	 
	  Section 12.16.	 	Table of Contents, Headings, etc
	 	 	134	 
	  Section 12.17.	 	Qualification of Indenture
	 	 	134	 

	 	 	 
	EXHIBITS
	 	 
	Exhibit A-1

	 	Form of Fixed Rate Note
	Exhibit A-2

	 	Form of Floating Rate Note
	Exhibit B

	 	Form of Certificate of Transfer
	Exhibit C

	 	Form of Certificate of Exchange
	Exhibit D

	 	Form of Supplemental Indenture to Be Delivered by Subsequent Guarantors

iv

 

CROSS-REFERENCE TABLE*

	 	 	 
	Trust Indenture Act Section	 	Indenture Section
	310(a)(1)
	 	7.10
	(a)(2)
	 	7.10
	(a)(3)
	 	N.A.
	(a)(4)
	 	N.A.
	(a)(5)
	 	7.10
	(b)
	 	7.10
	(c)
	 	N.A.
	311(a)
	 	7.11
	(b)
	 	7.11
	(c)
	 	N.A.
	312(a)
	 	2.05
	(b)
	 	12.03
	(c)
	 	12.03
	313(a)
	 	7.06
	(b)(1)
	 	N.A.
	(b)(2)
	 	7.06;7.07
	(c)
	 	7.06;12.02
	(d)
	 	7.06
	314(a)
	 	4.03;12.02;12.05
	(b)
	 	N.A.
	(c)(1)
	 	12.04
	(c)(2)
	 	12.04
	(c)(3)
	 	N.A.
	(d)
	 	N.A.
	(e)
	 	12.05
	(f)
	 	N.A.
	315(a)
	 	7.01
	(b)
	 	7.05;12.02
	(c)
	 	7.01
	(d)
	 	7.01
	(e)
	 	6.14
	316(a)(last sentence)
	 	2.09
	(a)(1)(A)
	 	6.05
	(a)(1)(B)
	 	6.04
	(a)(2)
	 	N.A.
	(b)
	 	6.07
	(c)
	 	2.12;9.04
	317(a)(1)
	 	6.08
	(a)(2)
	 	6.12
	(b)
	 	2.04
	318(a)
	 	12.01
	(b)
	 	N.A.
	(c)
	 	12.01

 

			
	N.A.	 	means not applicable.
	 
	*	 	This Cross-Reference Table is not part of this Indenture.

 

 

          INDENTURE, dated as of December 1, 2005, among Avago Technologies Finance Pte. Ltd., a
private limited company organized under the laws of the Republic of Singapore (the
“Company”), Avago Technologies U.S. Inc., a Delaware corporation, and Avago Technologies
Wireless (U.S.A.) Manufacturing Inc., a Delaware corporation, (each a “U.S. Issuer” and
together the “U.S. Issuers” and, collectively with the Company, the “Issuers”), the
Guarantors (as defined herein) listed on the signature pages hereto and The Bank of New York, a New
York banking corporation, as Trustee.

W I T N E S S E T H

          WHEREAS, the Issuers have duly authorized the creation of an issue of (i) $500,000,000
aggregate principal amount of 10 1/8% Senior Notes due 2013 (the “Initial Fixed Rate Notes”)
and (ii) $250,000,000 aggregate principal amount of Senior Floating Rate Notes due 2013 (the
“Initial Floating Rate Notes”); and

          WHEREAS, each of the Issuers and the Guarantors has duly authorized the execution and delivery
of this Indenture.

          NOW, THEREFORE, the Issuers, 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

DEFINITIONS AND INCORPORATION BY REFERENCE

Section 1.01. Definitions.

          “144A Global Note” means a Global Note substantially in the form of Exhibit A-1 or Exhibit A-2 hereto, as the case may be, bearing the Global Note Legend
and the Private Placement Legend and deposited with or on behalf of, and registered in the name of,
the Depositary or its nominee that will be issued in a denomination equal to the outstanding
principal amount of the Notes sold in reliance on Rule 144A.

          “Acquired Indebtedness” 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 Restricted Subsidiary of such specified Person, including
Indebtedness incurred in connection with, or in contemplation of, such other Person merging
with or into or becoming a Restricted Subsidiary of such specified Person, and

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

          “Additional Amounts” shall have the definition set forth in Section 4.17 hereof. All
references in this Indenture to payments of principal of, premium, if any, and interest on the

 

 

Notes shall be deemed to include any applicable Additional Amounts that may become payable in
respect of the Notes.

          “Additional Fixed Rate Notes” means additional Fixed Rate Notes (other than the
Initial Fixed Rate Notes and other than Exchange Notes for such Initial Fixed Rate Notes) issued
from time to time under this Indenture in accordance with Sections 2.01 and 4.09 hereof.

          “Additional Floating Rate Notes” means additional Floating Rate Notes (other than the
Initial Floating Rate Notes and other than Exchange Notes issued for such Initial Floating Rate
Notes) issued from time to time under this Indenture in accordance with Sections 2.01 and 4.09
hereof.

          “Additional Interest” means all additional interest then owing pursuant to the
Registration Rights Agreement.

          “Additional Notes” means Additional Fixed Rate Notes and Additional Floating Rate
Notes.

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

          “Agent” means any Registrar, Paying Agent or Calculation Agent.

          “Agilent” means Agilent Technologies, Inc., a Delaware corporation.

          “Applicable Premium” means, with respect to any Note on any Redemption Date, the
greater of:

     (1) 1.0% of the principal amount of such Note; and

     (2) the excess, if any, of (a) the present value at such Redemption Date of (i) the
redemption price of such Note at December 1, 2007 (with respect to any Floating Rate Note)
or December 1, 2009 (with respect to any Fixed Rate Note) (each such redemption price being
set forth in Section 3.07 hereof), plus (ii) all required interest payments due on such Note
through December 1, 2007 (with respect to any Floating Rate Note, assuming that the rate of
interest on the Floating Rate Notes for the period from the Redemption Date through December
1, 2007 will be equal to the rate of interest on the Floating Rate Notes in effect on the
date on which the applicable notice of redemption is given) or December 1, 2009 (with
respect to any Fixed Rate Note) (excluding accrued but unpaid interest to the Redemption
Date), computed using a discount rate equal to the

2

 

Treasury Rate as of such Redemption Date plus 50 basis points; over (b) the principal
amount of such Note.

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

          “Asset Sale” means:

     (1) the sale, conveyance, transfer or other disposition, whether in a single
transaction or a series of related transactions, of property or assets (including by way of
a Sale and Lease-Back Transaction) of the Company or any of its Restricted Subsidiaries
(each referred to in this definition as a “disposition”); or

     (2) the issuance or sale of Equity Interests of any Restricted Subsidiary (other than
Preferred Stock of Restricted Subsidiaries issued in compliance with Section 4.09 hereof,
whether in a single transaction or a series of related transactions;

in each case, other than:

     (a) any disposition of Cash Equivalents or Investment Grade Securities or obsolete or
worn out equipment in the ordinary course of business or any disposition of inventory or
goods (or other assets) held for sale in the ordinary course of business;

     (b) the disposition of all or substantially all of the assets of the Company in a
manner permitted pursuant to the provisions set forth under Section 5.01 hereof or any
disposition that constitutes a Change of Control pursuant to this Indenture;

     (c) the making of any Restricted Payment or Permitted Investment that is permitted to
be made, and is made, under Section 4.07 hereof;

     (d) any disposition of assets or issuance or sale of Equity Interests of any Restricted
Subsidiary in any transaction or series of transactions with an aggregate fair market value
of less than $15.0 million;

     (e) any disposition of property or assets or issuance of securities by a Restricted
Subsidiary of the Company to the Company or by the Company or a Restricted Subsidiary of the
Company to another Restricted Subsidiary of the Company;

     (f) to the extent allowable under Section 1031 of the Internal Revenue Code of 1986 or
comparable law or regulation, any exchange of like property (excluding any boot thereon) for
use in a Similar Business;

     (g) the lease, assignment or sub-lease of any real or personal property in the ordinary
course of business;

3

 

     (h) any issuance or sale of Equity Interests in, or Indebtedness or other securities
of, an Unrestricted Subsidiary;

     (i) foreclosures on assets;

     (j) sales of accounts receivable, or participations therein, in connection with any
Receivables Facility; and

     (k) any financing transaction with respect to property built or acquired by the Company
or any Restricted Subsidiary after the Issue Date, including Sale and Lease-Back
Transactions and asset securitizations permitted by this Indenture.

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

          “Broker-Dealer” has the meaning set forth in the Registration Rights Agreement.

          “Business Day” means each day which is not a Legal Holiday.

          “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 interest or participation that confers on a Person the right to receive a
share of the profits and losses of, or distributions of assets of, the issuing Person.

          “Capitalized 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 such time be required
to be capitalized and reflected as a liability on a balance sheet (excluding the footnotes thereto)
in accordance with GAAP.

          “Cash Equivalents” means:

     (1) United States dollars;

     (2) (a) euro or any national currency of any participating member state of the EMU; or

4

 

          (b) in the case of any Foreign Subsidiary that is a Restricted Subsidiary, such
local currencies held by them from time to time in the ordinary course of business;

     (3) securities issued or directly and fully and unconditionally guaranteed or insured
by the U.S. government or any agency or instrumentality thereof, the government of the
Republic of Singapore, the World Bank or the Asian Development Bank, the securities of which
are unconditionally guaranteed as a full faith and credit obligation of any such government
or entity with maturities of 24 months or less from the date of acquisition;

     (4) certificates of deposit, time deposits and eurodollar time deposits with maturities
of one year or less from the date of acquisition, bankers’ acceptances with maturities not
exceeding one year and overnight bank deposits, in each case with any commercial bank having
capital and surplus of not less than $500.0 million in the case of U.S. banks and $100.0
million (or the U.S. dollar equivalent as of the date of determination) in the case of
non-U.S. banks;

     (5) repurchase obligations for underlying securities of the types set forth in clauses
(3) and (4) entered into with any financial institution meeting the qualifications specified
in clause (4) above;

     (6) commercial paper rated at least P-1 by Moody’s or at least A-1 by S&P and in each
case maturing within 24 months after the date of creation thereof;

     (7) marketable short-term money market and similar securities having a rating of at
least P-2 or A-2 from either Moody’s or S&P, respectively (or, if at any time neither
Moody’s nor S&P shall be rating such obligations, an equivalent rating from another Rating
Agency) and in each case maturing within 24 months after the date of creation thereof;

     (8) investment funds investing 95% of their assets in securities of the types set forth
in clauses (1) through (7) above;

     (9) readily marketable direct obligations issued by any state, commonwealth or
territory of the United States or any political subdivision or taxing authority thereof
having an Investment Grade Rating from either Moody’s or S&P with maturities of 24 months or
less from the date of acquisition; and

     (10) Indebtedness or Preferred Stock issued by Persons with a rating of “A” or higher
from S&P or “A2” or higher from Moody’s with maturities of 24 months or less from the date
of acquisition.

          Notwithstanding the foregoing, Cash Equivalents shall include amounts denominated in
currencies other than those set forth in clauses (1) and (2) above, provided that

5

 

such amounts are converted into any currency listed in clauses (1) and (2) as promptly as
practicable and in any event within ten Business Days following the receipt of such amounts.

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

     (1) the sale, lease or transfer, in one or a series of related transactions, of all or
substantially all of the assets of the Company and its Subsidiaries, taken as a whole, to
any Person other than a Permitted Holder; or

     (2) the Company becomes aware of (by way of a report or any other filing pursuant to
Section 13(d) of the Exchange Act, proxy, vote, written notice or otherwise) the acquisition
by any Person or group (within the meaning of Section 13(d)(3) or Section 14(d)(2) of the
Exchange Act, or any successor provision), including any group acting for the purpose of
acquiring, holding or disposing of securities (within the meaning of Rule 13d-5(b)(1) under
the Exchange Act), other than the Permitted Holders, in a single transaction or in a related
series of transactions, by way of merger, consolidation or other business combination or
purchase of beneficial ownership (within the meaning of Rule 13d-3 under the Exchange Act,
or any successor provision) of 50% or more of the total voting power of the Voting Stock of
the Company or any of its direct or indirect parent companies holding directly or indirectly
100% of the total voting power of the Voting Stock of the Company.

          “Company” has the meaning set forth in the first preamble to this Indenture;
provided that when used in the context of determining the fair market value of an asset or
liability under this Indenture, “Company” shall be deemed to mean the board of directors of the
Company when the fair market value is equal to or in excess of $50.0 million (unless otherwise
expressly stated).

          “Clearstream” means Clearstream Banking, Société Anonyme.

          “Consolidated Depreciation and Amortization Expense” means, with respect to any Person
for any period, the total amount of depreciation and amortization expense, including the
amortization of deferred financing fees of such Person and its Restricted Subsidiaries for such
period on a consolidated basis and otherwise determined in accordance with GAAP.

          “Consolidated Interest Expense” means, with respect to any Person for any period,
without duplication, the sum of:

     (1) consolidated interest expense of such Person and its Restricted Subsidiaries for
such period, to the extent such expense was deducted (and not added back) in computing
Consolidated Net Income (including (a) amortization of original issue discount resulting
from the issuance of Indebtedness at less than par, (b) all commissions, discounts and other
fees and charges owed with respect to letters of credit or bankers acceptances, (c) non-cash
interest payments (but excluding any non-cash interest expense attributable to the movement
in the mark to market valuation of Hedging Obligations or other derivative instruments
pursuant to GAAP), (d) the interest component of Capitalized Lease

6

 

Obligations, and (e) net payments, if any, pursuant to interest rate Hedging
Obligations with respect to Indebtedness, and excluding (t) accretion or accrual of
discounted liabilities other than Indebtedness, (u) any expense resulting from the
discounting of any Indebtedness in connection with the application of purchase accounting in
connection with any acquisition, (v) any Additional Interest and any comparable “Additional
Interest” with respect to the Subordinated Notes or other securities (w) amortization of
deferred financing fees, debt issuance costs, commissions, fees and expenses, (x) any
expensing of bridge, commitment and other financing fees, (y) interest with respect to
Indebtedness of any direct or indirect parent of such Person appearing upon the balance
sheet of such Person solely by reason of push-down accounting under GAAP, and (z)
Receivables Fees and any other commissions, discounts, yield and other fees and charges
(including any interest expense) related to a Receivables Facility); plus

     (2) consolidated capitalized interest of such Person and its Restricted Subsidiaries
for such period, whether paid or accrued; less

     (3) interest income for such period.

          For purposes of this definition, interest on a Capitalized Lease Obligation shall be deemed to
accrue at an interest rate reasonably determined by such Person to be the rate of interest implicit
in such Capitalized Lease Obligation in accordance with GAAP.

          “Consolidated Net Income” means, with respect to any Person for any period, the
aggregate of the Net Income of such Person and its Restricted Subsidiaries for such period, on a
consolidated basis and otherwise determined in accordance with GAAP; provided,
however, that, without duplication,

     (1) any after-tax effect of extraordinary, non-recurring or unusual gains or losses
(less all fees and expenses relating thereto) or extraordinary, non-recurring or unusual
expenses, severance, relocation costs and curtailments or modifications to pension and
post-retirement employee benefit plans and, to the extent incurred on or prior to April 30,
2007, other expenses (including start-up and transition costs) relating to the Transactions,
shall be excluded,

     (2) the cumulative effect of a change in accounting principles during such period shall
be excluded,

     (3) any after-tax effect of income (loss) from disposed, abandoned, transferred, closed
or discontinued operations and any net after-tax gains or losses on disposal of disposed,
abandoned, transferred, closed or discontinued operations shall be excluded,

     (4) any after-tax effect of gains or losses (less all fees and expenses relating
thereto) attributable to asset dispositions other than in the ordinary course of business,
as determined in good faith by the Company, shall be excluded,

7

 

     (5) the Net Income for such period of any Person that is not a Subsidiary, or is an
Unrestricted Subsidiary, or that is accounted for by the equity method of accounting, shall
be excluded; provided, however, that Consolidated Net Income of the Company
shall be increased by the amount of dividends or distributions or other payments that are
actually paid in cash (or to the extent converted into cash) to the referent Person or a
Restricted Subsidiary thereof in respect of such period,

     (6) solely for the purpose of determining the amount available for Restricted Payments
under clause (3)(a) of Section 4.07(a) hereof, the Net Income for such period of any
Restricted Subsidiary (other than any U.S. Issuer or any Guarantor) shall be excluded if the
declaration or payment of dividends or similar distributions by that Restricted Subsidiary
of its Net Income is not at the date of determination wholly permitted without any prior
governmental approval (which has not been obtained) or, directly or indirectly, by the
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, unless such restriction with respect to the payment of dividends or similar
distributions has been legally waived, provided that Consolidated Net Income of the
Company will be increased by the amount of dividends or other distributions or other
payments actually paid in cash (or to the extent converted into cash) to the Company or a
Restricted Subsidiary thereof in respect of such period, to the extent not already included
therein,

     (7) effects of adjustments (including the effects of such adjustments pushed down to
the Company and its Restricted Subsidiaries) in the property and equipment, inventory,
intangible assets, deferred revenue and debt line items in such Person’s consolidated
financial statements pursuant to GAAP resulting from the application of purchase accounting
in relation to the Transactions or any consummated acquisition or the amortization or
write-off (including the write-off of in-process research and development in connection with
the Transactions) of any amounts thereof, net of taxes, shall be excluded,

     (8) any after-tax effect of income (loss) from the early extinguishment of Indebtedness
or Hedging Obligations or other derivative instruments shall be excluded,

     (9) any impairment charge or asset write-off, in each case, pursuant to GAAP and the
amortization of intangibles arising pursuant to GAAP shall be excluded,

     (10) any non-cash compensation expense recorded from grants of stock appreciation or
similar rights, stock options, restricted stock or other rights shall be excluded,

     (11) any fees and expenses incurred during such period, or any amortization thereof for
such period, in connection with any acquisition, disposition, recapitalization, Investment,
Asset Sale, issuance or repayment of Indebtedness, issuance of Equity Interests, refinancing
transaction or amendment or modification of any debt instrument (in each case, including any
such transaction consummated prior to the Issue Date and

8

 

any such transaction undertaken but not completed) and any charges or non-recurring
merger costs incurred during such period as a result of any such transaction shall be
excluded, and

     (12) accruals and reserves that are established or adjusted as a result of the
Transactions in accordance with GAAP or changes as a result of adoption of or modification
of accounting policies, in each case, within twelve months after the Issue Date, shall be
excluded.

          Notwithstanding the foregoing, for the purpose of Section 4.07 hereof only (other than clause
(3)(d) of Section 4.07(a) hereof), there shall be excluded from Consolidated Net Income any income
arising from any sale or other disposition of Restricted Investments made by the Company and its
Restricted Subsidiaries, any repurchases and redemptions of Restricted Investments from the Company
and its Restricted Subsidiaries, any repayments of loans and advances which constitute Restricted
Investments by the Company or any of its Restricted Subsidiaries, any sale of the stock of an
Unrestricted Subsidiary or any distribution or dividend from an Unrestricted Subsidiary, in each
case only to the extent such amounts increase the amount of Restricted Payments permitted under
clause (3)(d) of Section 4.07(a) hereof.

          “Consolidated Net Tangible Assets” means the total amount of assets (less applicable
reserves and other properly deductible items) after deducting (i) all current liabilities
(excluding the amount of those which are by their terms extendable or renewable at the option of
the obligor to a date more than 12 months after the date as of which the amount is being
determined) and (2) all goodwill, tradenames, patents, unamortized debt discount and expense and
other intangible assets, all as set forth on the most recent balance sheet of the Company and its
consolidated Restricted Subsidiaries and determined in accordance with GAAP.

          “Consolidated Secured Debt Ratio” as of any date of determination means, the ratio of
(1) Consolidated Total Indebtedness of the Company and its Restricted Subsidiaries that is secured
by Liens as of the end of the most recent fiscal period for which internal financial statements are
available immediately preceding the date on which such event for which such calculation is being
made shall occur to (2) the Company’s EBITDA for the most recently ended four full fiscal quarters
for which internal financial statements are available immediately preceding the date on which such
event for which such calculation is being made shall occur, in each case with such pro forma
adjustments to Consolidated Total Indebtedness and EBITDA as are appropriate and consistent with
the pro forma adjustment provisions set forth in the definition of Fixed Charge Coverage Ratio.

          “Consolidated Senior Credit Facilities Debt Ratio” as of any date of determination
means, the ratio of (1) Indebtedness of the Company and its Restricted Subsidiaries outstanding
under the Senior Credit Facilities (other than any second lien tranche of Indebtedness under the
Senior Credit Facilities issued subsequent to the Issue Date) as of the end of the most recent
fiscal period for which internal financial statements are available immediately preceding the date
on which such event for which such calculation is being made shall occur, minus the aggregate cash
included in the cash accounts listed on the consolidated balance sheet of the Company and its
Restricted Subsidiaries in excess of $15.0 million and undrawn letters of credit to (2) the

9

 

Company’s EBITDA for the most recently ended four full fiscal quarters for which internal
financial statements are available immediately preceding the date on which such event for which
such calculation is being made shall occur, in each case with such pro forma adjustments to (a)
Indebtedness under the Senior Credit Facilities and EBITDA as are appropriate and consistent with
the pro forma adjustment provisions set forth in the definition of Fixed Charge Coverage Ratio and
(b) cash accounts, after giving pro forma effect to any Restricted Payments pursuant to clause (17)
of Section 4.07(b) hereof.

          “Consolidated Total Indebtedness” means, as at any date of determination, an amount
equal to the sum of (1) the aggregate amount of all outstanding Indebtedness of the Company and its
Restricted Subsidiaries on a consolidated basis consisting of Indebtedness for borrowed money,
Obligations in respect of Capitalized Lease Obligations and debt obligations evidenced by
promissory notes and similar instruments (and excluding, for the avoidance of doubt, all
obligations relating to Receivables Facilities) and (2) the aggregate amount of all outstanding
Disqualified Stock of the Company and all Preferred Stock of its Restricted Subsidiaries on a
consolidated basis, with the amount of such Disqualified Stock and Preferred Stock equal to the
greater of their respective voluntary or involuntary liquidation preferences and maximum fixed
repurchase prices, in each case determined on a consolidated basis in accordance with GAAP. For
purposes hereof, the “maximum fixed repurchase price” of any Disqualified Stock or Preferred Stock
that does not have a fixed repurchase price shall be calculated in accordance with the terms of
such Disqualified Stock or Preferred Stock as if such Disqualified Stock or Preferred Stock were
purchased on any date on which Consolidated Total Indebtedness shall be required to be determined
pursuant to this Indenture, and if such price is based upon, or measured by, the fair market value
of such Disqualified Stock or Preferred Stock, such fair market value shall be determined
reasonably and in good faith by the Company.

          “Consolidated Total Leverage Ratio” as of any date of determination means, the ratio
of (1) Consolidated Total Indebtedness of the Company and its Restricted Subsidiaries as of the end
of the most recent fiscal period for which internal financial statements are available immediately
preceding the date on which such event for which such calculation is being made shall occur to (2)
the Company’s EBITDA for the most recently ended four full fiscal quarters for which internal
financial statements are available immediately preceding the date on which such event for which
such calculation is being made shall occur, in each case with such pro forma adjustments to
Consolidated Total Indebtedness and EBITDA as are appropriate and consistent with the pro forma
adjustment provisions set forth in the definition of Fixed Charge Coverage Ratio.

          “Contingent Obligations” means, with respect to any Person, any obligation of such
Person guaranteeing any leases, dividends or other obligations that do not constitute Indebtedness
(“primary obligations”) of any other Person (the “primary obligor”) in any manner,
whether directly or indirectly, including, without limitation, any obligation of such Person,
whether or not contingent,

     (1) to purchase any such primary obligation or any property constituting direct or
indirect security therefor,

     (2) to advance or supply funds

10

 

          (a) for the purchase or payment of any such primary obligation, or

          (b) to maintain working capital or equity capital of the primary obligor or
otherwise to maintain the net worth or solvency of the primary obligor, or

     (3) to purchase property, securities or services primarily for the purpose of assuring
the owner of any such primary obligation of the ability of the primary obligor to make
payment of such primary obligation against loss in respect thereof.

          “Corporate Trust Office of the Trustee” shall be at the address of the Trustee
specified in Section 12.02 hereof or such other address as to which the Trustee may give notice to
the Holders and the Issuers.

          “Credit Facilities” means, with respect to the Company or any of its Restricted
Subsidiaries, one or more debt facilities, including the Senior Credit Facilities, 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 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 (provided that such increase in borrowings is permitted under
Section 4.09 hereof) or adds Restricted Subsidiaries as additional borrowers or guarantors
thereunder and whether by the same or any other agent, lender or group of lenders.

          “Custodian” means the Trustee, as custodian with respect to the Notes in global form,
or any successor entity thereto.

          “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.

          “Definitive Note” means a certificated Note registered in the name of the Holder
thereof and issued in accordance with Section 2.06(c) hereof, substantially in the form of
Exhibit A-1 or A-2 hereto, as the case may be, except that such Note shall not bear
the Global Note Legend and shall not have the “Schedule of Exchanges of Interests in the Global
Note” attached thereto.

          “Depositary” means, with respect to the Notes issuable or issued in whole or in part
in global form, the Person specified in Section 2.03 hereof as the Depositary with respect to the
Notes, and any and all successors thereto appointed as Depositary hereunder and having become such
pursuant to the applicable provision of this Indenture.

          “Designated Asset Sales” means Asset Sales of business units or product lines and
related assets (other than the Electronics Components Business Unit), in each case substantially as

11

 

an entirety, which are designated as “Designated Asset Sales,” pursuant to an Officer’s
Certificate executed by the principal financial officer of the Company on the date of sale, the net
proceeds of which shall be permitted to be used to redeem the Notes in accordance with Section 3.07
hereof or to make Restricted Payments set forth in clause (17) of Section 4.07(b) hereof;
provided, however, (i) that after giving pro forma effect to any such Designated
Asset Sale and the application of such net proceeds, the Company’s Consolidated Senior Credit
Facilities Debt Ratio would be less than or equal to (x) the Company’s Consolidated Senior Credit
Facilities Debt Ratio immediately prior to such asset sale and (y) 1.5 to 1.0, (ii) after giving
pro forma effect to any such Designated Asset Sale and the application of such net proceeds, the
Company’s Consolidated Total Leverage Ratio shall be less than or equal to (x) the Company’s
Consolidated Total Leverage Ratio immediately prior to such asset sale and (y) 3.0 to 1.0, and
(iii) at the time of such Designated Asset Sale, at least $250.0 million of outstanding term
Indebtedness under the Senior Credit Facilities outstanding on the Issue Date or subsequent to the
Issue Date pursuant to the Tranche B-2 Term Loan Commitment (as defined in the Senior Credit
Facilities as in effect on the Issue Date) shall have been repaid since the Issue Date;
provided further, however, that the Company will not be required to satisfy
the conditions under clause (2) of Section 4.10(a) hereof if the Company intends in good faith at
the time such Designated Asset Sale is consummated, as evidenced in the Officer’s Certificate, to
use any non-cash consideration in excess of the amount otherwise permitted by the provisions of
such clause (2) to make Restricted Payments pursuant to clause (17) of Section 4.07(b) hereof.

          “Designated Non-cash Consideration” means the fair market value of non-cash
consideration received by the Company or a Restricted Subsidiary in connection with an Asset Sale
that is so designated as Designated Non-cash Consideration pursuant to an Officer’s Certificate,
setting forth the basis of such valuation, executed by the principal financial officer of the
Company, less the amount of cash or Cash Equivalents received in connection with a subsequent sale
of or collection on such Designated Non-cash Consideration.

          “Designated Preferred Stock” means Preferred Stock of the Company or any parent
corporation thereof (in each case other than Disqualified Stock) that is issued for cash (other
than to a Restricted Subsidiary or an employee stock ownership plan or trust established by the
Company or any of its Subsidiaries) and is so designated as Designated Preferred Stock, pursuant to
an Officer’s Certificate executed by the principal financial officer of the Company or the
applicable parent corporation thereof, as the case may be, on the issuance date thereof, the cash
proceeds of which are excluded from the calculation set forth in clause (3) of Section 4.07(a)
hereof.

          “Disqualified Stock” means, with respect to any Person, any Capital Stock of such
Person which, by its terms, or by the terms of any security into which it is convertible or for
which it is putable or exchangeable, or upon the happening of any event, matures or is mandatorily
redeemable (other than solely as a result of a change of control or asset sale) pursuant to a
sinking fund obligation or otherwise, or is redeemable at the option of the holder thereof (other
than solely as a result of a change of control or asset sale), in whole or in part, in each case
prior to the date 91 days after the earlier of the maturity date of the Notes or the date the Notes
are no longer outstanding; provided, however, that if such Capital Stock is issued
to any plan for the benefit of employees of the Company or its Subsidiaries or by any such plan to

12

 

such employees, such Capital Stock shall not constitute Disqualified Stock solely because it
may be required to be repurchased by the Company or its Subsidiaries in order to satisfy applicable
statutory or regulatory obligations.

          “EBITDA” means, with respect to any Person for any period, the Consolidated Net Income
of such Person for such period

     (1) increased (without duplication) by:

          (a) provision for taxes based on income or profits or capital, including,
without limitation, state, franchise and similar taxes and foreign withholding taxes
of such Person paid or accrued during such period deducted (and not added back) in
computing Consolidated Net Income; plus

          (b) Fixed Charges of such Person for such period (including (x) net losses or
Hedging Obligations or other derivative instruments entered into for the purpose of
hedging interest rate risk and (y) costs of surety bonds in connection with
financing activities, in each case, to the extent included in Fixed Charges) to the
extent the same was deducted (and not added back) in calculating such Consolidated
Net Income; plus

          (c) Consolidated Depreciation and Amortization Expense of such Person for such
period to the extent the same were deducted (and not added back) in computing
Consolidated Net Income; plus

          (d) the amount of any restructuring charge or reserve deducted (and not added
back) in such period in computing Consolidated Net Income, including any one-time
costs incurred in connection with acquisitions after the Issue Date and costs
related to the closure and/or consolidation of facilities; plus

          (e) any other non-cash charges, including any write-off or write downs,
reducing Consolidated Net Income for such period (provided that if any such
non-cash charges represent an accrual or reserve for potential cash items in any
future period, the cash payment in respect thereof in such future period shall be
subtracted from EBITDA to such extent, and excluding amortization of a prepaid cash
item that was paid in a prior period); plus

          (f) the amount of any minority interest expense consisting of Subsidiary income
attributable to minority equity interests of third parties in any non-Wholly Owned
Subsidiary deducted (and not added back) in such period in calculating Consolidated
Net Income; plus

          (g) the amount of management, monitoring, consulting and advisory fees and
related expenses paid in such period to the Investors to the extent otherwise
permitted under Section 4.11 hereof; plus

13

 

          (h) for any period that includes a fiscal quarter occurring prior to the fifth
fiscal quarter after the Issue Date, the excess of (A) any expenses allocated by
Agilent to the historical financial statements of its Semiconductor Products
Business segment for services and other items provided previously by Agilent, and
any expenses of the type previously allocated by Agilent that are incurred by the
Company and its Restricted Subsidiaries on or after the Issue Date and prior to the
fifth fiscal quarter after the Issue Date, over (B) the portion of the $157 million
of annual stand-alone expenses allocated in lieu of the expenses set forth in clause
(A) applicable to such period (which adjustments may be incremental to, but not
duplicative of, pro forma adjustments made pursuant to the second paragraph of the
definition of “Fixed Charge Coverage Ratio”); plus

          (i) commencing with the fifth fiscal quarter following the Issue Date, the
amount of net cost savings projected by the Company in good faith to be realized as
a result of specified actions taken by the Company and its Restricted Subsidiaries
(calculated on a pro forma basis as though such cost savings had been realized on
the first day of such period), net of the amount of actual benefits realized during
such period from such actions; provided, however, that (x) such
cost savings are reasonably identifiable and factually supportable, (y) such actions
are taken on or prior to the third anniversary of the Issue Date and (z) the
aggregate amount of cost savings added pursuant to this clause (i) shall not exceed
$15.0 million for any four consecutive quarter period (which adjustments may be
incremental to, but not duplicative of, pro forma adjustments made pursuant to the
second paragraph of the definition of “Fixed Charge Coverage Ratio”); plus

          (j) any costs or expense incurred by the Company or a Restricted Subsidiary
pursuant to any management equity plan or stock option plan or any other management
or employee benefit plan or agreement or any stock subscription or shareholder
agreement, to the extent that such cost or expenses are funded with cash proceeds
contributed to the capital of the Company or net cash proceeds of an issuance of
Equity Interest of the Company (other than Disqualified Stock) solely to the extent
that such net cash proceeds are excluded from the calculation set forth in clause
(3) of Section 4.07(a) hereof;

     (2) decreased by (without duplication) non-cash gains increasing Consolidated Net
Income of such Person for such period, excluding any non-cash gains to the extent they
represent the reversal of an accrual or reserve for a potential cash item that reduced
EBITDA in any prior period, and

     (3) increased or decreased by (without duplication):

          (a) any net gain or loss resulting in such period from Hedging Obligations and
the application of Statement of Financial Accounting Standards No. 133; plus or
minus, as applicable,

14

 

          (b) any net gain or loss resulting in such period from currency translation
gains or losses related to currency remeasurements of Indebtedness (including any
net loss or gain resulting from hedge agreements for currency exchange risk).

          “Electronics Components Business Unit” means only the Company’s optocoupler,
optoelectronic/LED, optical mouse sensor, infrared transceiver and motion controller product lines.

          “EMU” means economic and monetary union as contemplated in the Treaty on European
Union.

          “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 any public or private sale for cash of common stock or
Preferred Stock of the Company or any of its direct or indirect parent companies (excluding
Disqualified Stock), other than:

     (1) public offerings with respect to the Company’s or any direct or indirect parent
company’s common stock registered on Form S-8;

     (2) issuances to any Subsidiary of the Company; and

     (3) any such public or private sale that constitutes an Excluded Contribution.

          “euro” means the single currency of participating member states of the EMU.

          “Euroclear” means Euroclear S.A./N.V., as operator of the Euroclear system.

          “Exchange Act” means the Securities Exchange Act of 1934, as amended, and the rules
and regulations of the SEC promulgated thereunder.

          “Exchange Notes” means the Notes issued in the Exchange Offer pursuant to Section
2.06(f) hereof.

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

          “Exchange Offer Registration Statement” has the meaning set forth in the Registration
Rights Agreement.

          “Excluded Contribution” means net cash proceeds, marketable securities or Qualified
Proceeds received by the Company from

     (1) contributions to its common equity capital, and

15

 

     (2) the sale (other than to a Subsidiary of the Company or to any management equity
plan or stock option plan or any other management or employee benefit plan or agreement of
the Company) of Capital Stock (other than Disqualified Stock and Designated Preferred Stock)
of the Company,

in each case designated as Excluded Contributions pursuant to an officer’s certificate executed by
the principal financial officer of the Company on the date such capital contributions are made or
the date such Equity Interests are sold, as the case may be, which are excluded from the
calculation set forth in clause (3) of Section 4.07(a) hereof.

          “Fixed Charge Coverage Ratio” means, with respect to any Person for any period, the
ratio of EBITDA of such Person for such period to the Fixed Charges of such Person for such period.
In the event that the Company or any Restricted Subsidiary incurs, assumes, guarantees, redeems,
defeases, retires or extinguishes any Indebtedness (other than Indebtedness incurred under any
revolving credit facility unless such Indebtedness has been permanently repaid and has not been
replaced) or issues or redeems Disqualified Stock or Preferred Stock subsequent to the commencement
of the period for which the Fixed Charge Coverage Ratio is being calculated but prior to or
simultaneously with the event for which the calculation of the Fixed Charge Coverage Ratio is made
(the “Fixed Charge Coverage Ratio Calculation Date”), then the Fixed Charge Coverage Ratio
shall be calculated giving pro forma effect to such incurrence, assumption, guarantee, redemption,
defeasance, retirement or extinguishment of Indebtedness, or such issuance or redemption of
Disqualified Stock or Preferred Stock, as if the same had occurred at the beginning of the
applicable four-quarter period.

          For purposes of making the computation referred to above, the disposition of the Company’s
camera module business and any other Investments, acquisitions, dispositions, mergers,
consolidations and disposed operations that have been made by the Company or any of its Restricted
Subsidiaries, including the Transactions, during the four-quarter reference period or subsequent to
such reference period and on or prior to or simultaneously with the Fixed Charge Coverage Ratio
Calculation Date shall be calculated on a pro forma basis assuming that all such Investments,
acquisitions, dispositions, mergers, consolidations and disposed operations (and the change in any
associated fixed charge obligations and the change in EBITDA resulting therefrom) had occurred on
the first day of the four-quarter reference period. If since the beginning of such period any
Person that subsequently became a Restricted Subsidiary or was merged with or into the Company or
any of its Restricted Subsidiaries since the beginning of such period shall have made any
Investment, acquisition, disposition, merger, consolidation or disposed operation that would have
required adjustment pursuant to this definition, then the Fixed Charge Coverage Ratio shall be
calculated giving pro forma effect thereto for such period as if such Investment, acquisition,
disposition, merger, consolidation or disposed operation had occurred at the beginning of the
applicable four-quarter period.

          For purposes of this definition, whenever pro forma effect is to be given to a transaction,
the pro forma calculations shall be made in good faith by a responsible financial or accounting
officer of the Company. If any Indebtedness bears a floating rate of interest and is being given
pro forma effect, the interest on such Indebtedness shall be calculated as if the rate in effect on
the Fixed Charge Coverage Ratio Calculation Date had been the applicable rate for

16

 

the entire period (taking into account any Hedging Obligations applicable to such
Indebtedness). Interest on a Capitalized Lease Obligation shall be deemed to accrue at an interest
rate reasonably determined by a responsible financial or accounting officer of the Company to be
the rate of interest implicit in such Capitalized Lease Obligation in accordance with GAAP. For
purposes of making the computation referred to above, interest on any Indebtedness under a
revolving credit facility computed on a pro forma basis shall be computed based upon the average
daily balance of such Indebtedness during the applicable period except as set forth in the first
paragraph of this definition. Interest on Indebtedness that may optionally be determined at an
interest rate based upon a factor of a prime or similar rate, a eurocurrency interbank offered
rate, or other rate, shall be deemed to have been based upon the rate actually chosen, or, if none,
then based upon such optional rate chosen as the Company may designate.

          “Fixed Charges” means, with respect to any Person for any period, the sum of:

     (1) Consolidated Interest Expense of such Person for such period;

     (2) all cash dividends or other distributions paid (excluding items eliminated in
consolidation) on any series of Preferred Stock during such period; and

     (3) all cash dividends or other distributions paid (excluding items eliminated in
consolidation) on any series of Disqualified Stock during such period.

          “Fixed Rate Notes” means the Initial Fixed Rate Notes and any Additional Fixed Rate
Notes.

          “Floating Rate Notes” means the Initial Floating Rate Notes and any Additional
Floating Rate Notes.

          “Foreign Subsidiary” means, with respect to any Person, any Restricted Subsidiary of
such Person that is not organized or existing under the laws of the United States, any state
thereof, the District of Columbia, or any territory thereof and any Restricted Subsidiary of such
Foreign Subsidiary.

          “GAAP” means generally accepted accounting principles in the United States which are
in effect on the Issue Date.

          “Global Note Legend” means the legend set forth in Section 2.06(g)(ii) hereof, which
is required to be placed on all Global Notes issued under this Indenture.

          “Global Notes” means, individually and collectively, each of the Restricted Global
Notes and the Unrestricted Global Notes, substantially in the form of Exhibit A-1 or
A-2 hereto, as the case may be, issued in accordance with Section 2.01, 2.06(b), 2.06(d) or
2.06(f) hereof.

          “Government Securities” means securities that are:

17

 

     (1) direct obligations of the United States of America for the timely payment of which
its full faith and credit is pledged; or

     (2) obligations of a Person controlled or supervised by and acting as an agency or
instrumentality of the United States of America the timely payment of which is
unconditionally guaranteed as a full faith and credit obligation by the United States of
America,

which, in either case, are not callable or redeemable at the option of the issuers thereof, and
shall also include a depository receipt issued by a bank (as defined in Section 3(a)(2) of the
Securities Act), as custodian with respect to any such Government Securities or a specific payment
of principal of or interest on any such Government Securities held by such custodian for the
account of the holder of such depository receipt; provided, however, 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 Government Securities or the specific payment of principal of or interest on the Government
Securities evidenced by such depository receipt.

          “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
letters of credit and reimbursement agreements in respect thereof), of all or any part of any
Indebtedness or other obligations.

          “Guarantee” means the guarantee by any Guarantor of the Company’s Obligations under
this Indenture.

          “Guarantor” means, each Restricted Subsidiary that Guarantees the Notes in accordance
with the terms of this Indenture.

          “Hedging Obligations” means, with respect to any Person, the obligations of such
Person under any interest rate swap agreement, interest rate cap agreement, interest rate collar
agreement, commodity swap agreement, commodity cap agreement, commodity collar agreement, foreign
exchange contract, currency swap agreement or similar agreement providing for the transfer or
mitigation of interest rate or currency risks either generally or under specific contingencies.

          “Holder” means the Person in whose name a Note is registered on the Registrar’s books.

          “Indebtedness” means, with respect to any Person, without duplication:

     (1) any indebtedness (including principal and premium) of such Person, whether or not
contingent:

          (a) in respect of borrowed money;

18

 

          (b) evidenced by bonds, notes, debentures or similar instruments or letters of
credit or bankers’ acceptances (or, without duplication, reimbursement agreements in
respect thereof);

          (c) representing the balance deferred and unpaid of the purchase price of any
property (including Capitalized Lease Obligations), except (i) any such balance that
constitutes a trade payable or similar obligation to a trade creditor, in each case
accrued in the ordinary course of business and (ii) any earn-out obligations until
such obligation becomes a liability on the balance sheet of such Person in
accordance with GAAP;

          (d) representing any Hedging Obligations; or

          (e) during a Suspension Period only, obligations in respect of Sale and
Lease-Back Transactions in an amount equal to the present value of such obligations
during the remaining term of the lease using a discount rate equal to the rate of
interest implicit in such transaction determined in accordance with GAAP,

if and to the extent that any of the foregoing Indebtedness (other than letters of credit and
Hedging Obligations) would appear as a liability upon the balance sheet (excluding the footnotes
thereto) of such Person prepared in accordance with GAAP; provided, however, that
Indebtedness of any direct or indirect parent of the Company appearing upon the balance sheet of
the Company solely by reason of push-down accounting under GAAP, shall be excluded;

     (2) to the extent not otherwise included, any obligation by such Person to be liable
for, or to pay, as obligor, guarantor or otherwise, on the obligations of the type referred
to in clause (1) of a third Person (whether or not such items would appear upon the balance
sheet of the such obligor or guarantor), other than by endorsement of negotiable instruments
for collection in the ordinary course of business; and

     (3) to the extent not otherwise included, the obligations of the type referred to in
clause (1) of a third Person secured by a Lien on any asset owned by such first Person,
whether or not such Indebtedness is assumed by such first Person;

provided, however, that notwithstanding the foregoing, Indebtedness shall be deemed
not to include (a) Contingent Obligations incurred in the ordinary course of business or (b)
obligations under or in respect of Receivables Facilities.

          “Indenture” means this Indenture, as amended or supplemented from time to time.

          “Independent Financial Advisor” means an accounting, appraisal, investment banking
firm or consultant to Persons engaged in similar businesses of nationally recognized standing that
is, in the good faith judgment of the Company, qualified to perform the task for which it has been
engaged.

19

 

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

          “Initial Fixed Rate Notes” shall have the meaning as set forth in the recitals hereto.

          “Initial Floating Rate Notes” shall have the meaning as set forth in the recitals
hereto.

          “Initial Notes” means the Initial Fixed Rate Notes and the Initial Floating Rate
Notes.

          “Initial Purchasers” means Lehman Brothers Inc., Citigroup Global Markets Singapore
Pte. Ltd. and Credit Suisse First Boston (Singapore) Limited.

          “Interest Payment Date” means June 1 and December 1 of each year to Stated Maturity
with respect to the Fixed Rate Notes and March 1, June 1, September 1, and December 1 of each year
to Stated Maturity with respect to the Floating Rate Notes.

          “Investment Grade Rating” means a rating equal to or higher than Baa3 (or the
equivalent) by Moody’s and BBB- (or the equivalent) by S&P, or an equivalent rating by any other
Rating Agency.

          “Investment Grade Securities” means:

     (1) securities issued or directly and fully guaranteed or insured by the United States
government or any agency or instrumentality thereof (other than Cash Equivalents);

     (2) debt securities or debt instruments with an Investment Grade Rating, but excluding
any debt securities or instruments constituting loans or advances among the Company and its
Subsidiaries;

     (3) investments in any fund that invests exclusively in investments of the type set
forth in clauses (1) and (2) which fund may also hold immaterial amounts of cash pending
investment or distribution; and

     (4) corresponding instruments in countries other than the United States customarily
utilized for high quality investments.

          “Investments” means, with respect to any Person, all investments by such Person in
other Persons (including Affiliates) in the form of loans (including guarantees), advances or
capital contributions (excluding accounts receivable, trade credit, advances to customers,
commission, travel and similar advances to officers and employees, in each case made in the
ordinary course of business), purchases or other acquisitions for consideration of Indebtedness,
Equity Interests or other securities issued by any other Person and investments that are required
by GAAP to be classified on the balance sheet (excluding the footnotes) of the Company in the

20

 

same manner as the other investments included in this definition to the extent such
transactions involve the transfer of cash or other property. For purposes of the definition of
“Unrestricted Subsidiary” and Section 4.07 hereof:

     (1) “Investments” shall include the portion (proportionate to the Company’s Equity
Interest in such Subsidiary) of the fair market value of the net assets of a Subsidiary of
the Company at the time that such Subsidiary is designated an Unrestricted Subsidiary;
provided, however, that upon a redesignation of such Subsidiary as a
Restricted Subsidiary, the Company shall be deemed to continue to have a permanent
“Investment” in an Unrestricted Subsidiary in an amount (if positive) equal to:

          (a) the Company’s “Investment” in such Subsidiary at the time of such
redesignation; less

          (b) the portion (proportionate to the Company’s Equity Interest in such
Subsidiary) of the fair market value of the net assets of such Subsidiary at the
time of such redesignation; and

     (2) any property transferred to or from an Unrestricted Subsidiary shall be valued at
its fair market value at the time of such transfer, in each case as determined in good faith
by the Company.

          “Investors” means Kohlberg Kravis Roberts & Co. L.P., Silver Lake Partners and each of
their respective Affiliates, but not including, however, any portfolio companies of any of the
foregoing.

          “Issue Date” means December 1, 2005.

          “Issuers” has the meaning set forth in the preamble to this Indenture.

          “Issuers’ Order” means a written request or order signed on behalf of the Issuers by
an Officer of the Company, who must be the principal executive officer, the principal financial
officer, the treasurer or the principal accounting officer, or other authorized Person of the
Company, and delivered to the Trustee.

          “Legal Holiday” means a Saturday, a Sunday or a day on which commercial banking
institutions are not required to be open in the State of New York.

          “Letter of Transmittal” means the letter of transmittal to be prepared by the Issuers
and sent to all Holders of the Notes for use by such Holders in connection with the Exchange Offer.

          “Lien” means, with respect to any asset, any mortgage, lien (statutory or otherwise),
pledge, hypothecation, charge, security interest, preference, priority 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

21

 

of or agreement to give any financing statement under the Uniform Commercial Code (or
equivalent statutes) of any jurisdiction; provided, however, that in no event shall
an operating lease be deemed to constitute a Lien.

          “Moody’s” means Moody’s Investors Service, Inc. and any successor to its rating agency
business.

          “Net Income” means, with respect to any Person, the net income (loss) of such Person,
determined in accordance with GAAP and before any reduction in respect of Preferred Stock
dividends.

          “Net Proceeds” means the aggregate cash proceeds received by the Company or any of its
Restricted Subsidiaries in respect of any Asset Sale, including any cash received upon the sale or
other disposition of any Designated Non-cash Consideration received in any Asset Sale, net of the
direct costs relating to such Asset Sale and the sale or disposition of such Designated Non-cash
Consideration, including legal, accounting and investment banking fees, and brokerage and sales
commissions, any relocation expenses incurred as a result thereof, taxes paid or payable as a
result thereof (after taking into account any available tax credits or deductions and any tax
sharing arrangements), amounts required to be applied to the repayment of principal, premium, if
any, and interest on Indebtedness (other than Subordinated Indebtedness) required (other than
required by clause (1) of Section 4.10(b) hereof) to be paid as a result of such transaction and
any deduction of appropriate amounts to be provided by the Company or any of its Restricted
Subsidiaries as a reserve in accordance with GAAP against any liabilities associated with the asset
disposed of in such transaction and retained by the Company or any of its Restricted Subsidiaries
after such sale or other disposition thereof, including pension and other post-employment benefit
liabilities and liabilities related to environmental matters or against any indemnification
obligations associated with such transaction.

          “Non-U.S. Person” means a Person who is not a U.S. Person.

          “Notes” means the Initial Fixed Rate Notes and the Initial Floating Rate Notes and
more particularly means any Note authenticated and delivered under this Indenture. For all
purposes of this Indenture, the term “Notes” shall also include any Additional Fixed Rate Notes and
Additional Floating Rate Notes that may be issued under a supplemental indenture. The Fixed Rate
Notes (including any Exchange Notes issued in exchange therefor) and the Floating Rate Notes
(including any Exchange Notes issued in exchange therefor) are separate series of Notes, but shall
be treated as a single class for all purposes under this Indenture, except as set forth herein.
For purposes of this Indenture, all references to Notes to be issued or authenticated upon
transfer, replacement or exchange shall be deemed to refer to Notes of the applicable series.

          “Obligations” means any principal, interest (including any interest accruing
subsequent to the filing of a petition in bankruptcy, reorganization or similar proceeding at the
rate provided for in the documentation with respect thereto, whether or not such interest is an
allowed claim under applicable state, federal or foreign law), penalties, fees, indemnifications,
reimbursements (including reimbursement obligations with respect to letters of credit and banker’s
acceptances), damages and other liabilities, and guarantees of payment of such

22

 

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

          “Offering Memorandum” means the offering memorandum, dated November 21, 2005, relating
to the sale of the Initial Notes.

          “Officer” means the Chairman of the Board, the Chief Executive Officer, the Chief
Financial Officer, the President, any Executive Vice President, Senior Vice President or Vice
President, the Treasurer, the Secretary, or any other authorized Person of the Company, a U.S.
Issuer or a Guarantor, as applicable.

          “Officer’s Certificate” means a certificate signed on behalf of a Person by an Officer
of such Person, who must be the principal executive officer, the principal financial officer, the
treasurer, the principal accounting officer or any other authorized Officer of such Person, that
meets the requirements set forth in this Indenture.

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

          “Participant” means, with respect to the Depositary, Euroclear or Clearstream, a
Person who has an account with the Depositary, Euroclear or Clearstream, respectively (and, with
respect to DTC, shall include Euroclear and Clearstream).

          “Permitted Asset Swap” means the concurrent purchase and sale or exchange of Related
Business Assets or a combination of Related Business Assets and cash or Cash Equivalents between
the Company or any of its Restricted Subsidiaries and another Person; provided,
however, that any cash or Cash Equivalents received must be applied in accordance with
Section 4.10 hereof.

          “Permitted Holders” means each of the Investors and members of management of the
Company (or its direct or indirect parent companies) who are holders of Equity Interests of the
Company (or any of its direct or indirect parent companies) on the Issue Date and any group (within
the meaning of Section 13(d)(3) or Section 14(d)(2) of the Exchange Act or any successor provision)
of which any of the foregoing are members; provided, however, that, in the case of
such group and without giving effect to the existence of such group or any other group, such
Investors and members of management, collectively, have beneficial ownership of more than 50% of
the total voting power of the Voting Stock of the Company or any of its direct or indirect parent
companies.

          “Permitted Investments” means:

     (1) any Investment in the Company or any of its Restricted Subsidiaries;

     (2) any Investment in cash and Cash Equivalents or Investment Grade Securities;

23

 

     (3) any Investment by the Company or any of its Restricted Subsidiaries in a Person
that is engaged in a Similar Business if as a result of such Investment:

          (a) such Person becomes a Restricted Subsidiary; or

          (b) such Person, in one transaction or a series of related transactions, is
merged or consolidated with or into, or transfers or conveys substantially all of
its assets to, or is liquidated into, the Company or a Restricted Subsidiary,

and, in each case, any Investment held by such Person; provided, however,
that such Investment was not acquired by such Person in contemplation of such acquisition,
merger, consolidation or transfer;

     (4) any Investment in securities or other assets not constituting cash, Cash
Equivalents or Investment Grade Securities and received in connection with an Asset Sale
made pursuant to the provisions of Section 4.10 hereof or any other disposition of assets
not constituting an Asset Sale;

     (5) any Investment existing on the Issue Date;

     (6) any Investment acquired by the Company or any of its Restricted Subsidiaries:

          (a) in exchange for any other Investment or accounts receivable held by the
Company or any such Restricted Subsidiary in connection with or as a result of a
bankruptcy, workout, reorganization or recapitalization of the Company of such other
Investment or accounts receivable; or

          (b) as a result of a foreclosure by the Company or any of its Restricted
Subsidiaries with respect to any secured Investment or other transfer of title with
respect to any secured Investment in default;

     (7) Hedging Obligations permitted under clause (10) of Section 4.09(b) hereof;

     (8) Investments the payment for which consists of Equity Interests (exclusive of
Disqualified Stock) of the Company, or any of its direct or indirect parent companies;
provided, however, that such Equity Interests will not increase the amount
available for Restricted Payments under clause (3) of Section 4.07(a) hereof;

     (9) guarantees of Indebtedness permitted under Section 4.09 hereof;

     (10) any transaction to the extent it constitutes an Investment that is permitted and
made in accordance with the provisions of Section 4.11(b) hereof (except transactions set
forth in clauses (2), (5) and (9) of Section 4.11(b) hereof);

24

 

     (11) Investments relating to a Receivables Subsidiary that, in the good faith
determination of the Company are necessary or advisable to effect transactions contemplated
under the Receivables Facility;

     (12) additional Investments having an aggregate fair market value, taken together with
all other Investments made pursuant to this clause (12) that are at that time outstanding
(without giving effect to the sale of an Unrestricted Subsidiary to the extent the proceeds
of such sale do not consist of cash or marketable securities), not to exceed the greater of
$100.0 million and 4.0% of Total Assets at the time of such Investment (with the fair market
value of each Investment being measured at the time made and without giving effect to
subsequent changes in value);

     (13) any Investment in a Qualified Joint Venture having an aggregate fair market value,
taken together with all other Investments made pursuant to this clause (13) that are at that
time outstanding, not to exceed $50.0 million and 2.0% of Total Assets at the time of such
Investment (with the fair market value of each Investment being measured at the time made
and without giving effect to subsequent changes in value);

     (14) advances to, or guarantees of Indebtedness of, employees not in excess of $15.0
million outstanding at any one time, in the aggregate; and

     (15) loans and advances to officers, directors and employees for business-related
travel expenses, moving expenses and other similar expenses, in each case incurred in the
ordinary course of business or consistent with past practices or to fund such Person’s
purchase of Equity Interests of the Company or any direct or indirect parent company
thereof.

          “Permitted Liens” means, with respect to any Person:

     (1) pledges or deposits by such Person under workmen’s compensation laws, unemployment
insurance laws or similar legislation, or good faith deposits in connection with bids,
tenders, contracts (other than for the payment of Indebtedness) or leases to which such
Person is a party, or deposits to secure public or statutory obligations of such Person or
deposits of cash or U.S. government bonds to secure surety or appeal bonds to which such
Person is a party, or deposits as security for contested taxes or import duties or for the
payment of rent, in each case incurred in the ordinary course of business;

     (2) Liens imposed by law, such as carriers’, warehousemen’s and mechanics’ Liens, in
each case for sums not yet overdue for a period of more than 30 days or being contested in
good faith by appropriate proceedings or other Liens arising out of judgments or awards
against such Person with respect to which such Person shall then be proceeding with an
appeal or other proceedings for review if adequate reserves with respect thereto are
maintained on the books of such Person in accordance with GAAP;

     (3) Liens for taxes, assessments or other governmental charges not yet overdue for a
period of more than 30 days or payable or subject to penalties for

25

 

nonpayment or which are being contested in good faith by appropriate proceedings
diligently conducted, if adequate reserves with respect thereto are maintained on the books
of such Person in accordance with GAAP;

     (4) Liens in favor of Issuers of performance and surety bonds or bid bonds or with
respect to other regulatory requirements or letters of credit issued pursuant to the request
of and for the account of such Person in the ordinary course of its business;

     (5) minor survey exceptions, minor encumbrances, easements or reservations of, or
rights of others for, licenses, rights-of-way, sewers, electric lines, telegraph and
telephone lines and other similar purposes, or zoning or other restrictions as to the use of
real properties or Liens incidental, to the conduct of the business of such Person or to the
ownership of its properties which were not incurred in connection with Indebtedness and
which do not in the aggregate materially adversely affect the value of said properties or
materially impair their use in the operation of the business of such Person;

     (6) Liens securing Indebtedness permitted to be incurred pursuant to clause (4) or
(12)(b) of Section 4.09(b) hereof;

     (7) Liens existing on the Issue Date;

     (8) Liens on property or shares of stock of a Person at the time such Person becomes a
Subsidiary; provided, however, such Liens are not created or incurred in
connection with, or in contemplation of, such other Person becoming such a Subsidiary;
provided, further, however, that such Liens may not extend to any
other property owned by the Company or any of its Restricted Subsidiaries;

     (9) Liens on property at the time the Company or a Restricted Subsidiary acquired the
property, including any acquisition by means of a merger or consolidation with or into the
Company or any of its Restricted Subsidiaries; provided, however, that such
Liens are not created or incurred in connection with, or in contemplation of, such
acquisition; provided, further, however, that the Liens may not
extend to any other property owned by the Company or any of its Restricted Subsidiaries;

     (10) Liens securing Indebtedness or other obligations of a Restricted Subsidiary owing
to the Company or another Restricted Subsidiary permitted to be incurred in accordance with
Section 4.09 hereof;

     (11) Liens securing Hedging Obligations so long as related Indebtedness is, and is
permitted to be under this Indenture, secured by a Lien on the same property securing such
Hedging Obligations;

     (12) Liens on specific items of inventory of 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;

26

 

     (13) leases, subleases, licenses or sublicenses granted to others in the ordinary
course of business which do not materially interfere with the ordinary conduct of the
business of the Company or any of its Restricted Subsidiaries and do not secure any
Indebtedness;

     (14) Liens arising from Uniform Commercial Code financing statement filings regarding
operating leases entered into by the Company and its Restricted Subsidiaries in the ordinary
course of business;

     (15) Liens in favor of any Issuer or any Guarantor;

     (16) Liens on equipment of the Company or any of its Restricted Subsidiaries granted in
the ordinary course of business to the Company’s clients;

     (17) Liens on accounts receivable and related assets incurred in connection with a
Receivables Facility;

     (18) Liens to secure any refinancing, refunding, extension, renewal or replacement (or
successive refinancing, refunding, extensions, renewals or replacements) as a whole, or in
part, of any Indebtedness secured by any Lien referred to in the foregoing clauses (6), (7),
(8) and (9); provided, however, that (a) such new Lien shall be limited to
all or part of the same property that secured the original Lien (plus improvements on such
property), and (b) the Indebtedness secured by such Lien at such time is not increased to
any amount greater than the sum of (i) the outstanding principal amount or, if greater,
committed amount of the Indebtedness set forth under clauses (6), (7), (8) and (9) at the
time the original Lien became a Permitted Lien under this Indenture, and (ii) an amount
necessary to pay any fees and expenses, including premiums, related to such refinancing,
refunding, extension, renewal or replacement;

     (19) deposits made in the ordinary course of business to secure liability to insurance
carriers;

     (20) other Liens securing obligations incurred in the ordinary course of business which
obligations do not exceed $25.0 million at any one time outstanding;

     (21) Liens securing judgments for the payment of money not constituting an Event of
Default under clause (5) under Section 6.01(a) hereof so long as such Liens are adequately
bonded and any appropriate legal proceedings that may have been duly initiated for the
review of such judgment have not been finally terminated or the period within which such
proceedings may be initiated has not expired;

     (22) 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 in the ordinary
course of business;

27

 

     (23) Liens (i) of a collection bank arising under Section 4-210 of the Uniform
Commercial Code, or any successor or comparable provision, on items in the course of
collection, (ii) attaching to commodity trading accounts or other commodity brokerage
accounts incurred in the ordinary course of business, and (iii) in favor of banking
institutions arising as a matter of law encumbering deposits (including the right of
set-off) and which are within the general parameters customary in the banking industry;

     (24) Liens deemed to exist in connection with Investments in repurchase agreements
permitted under Section 4.09 hereof; provided that such Liens do not extend to any
assets other than those that are the subject of such repurchase agreement;

     (25) Liens encumbering reasonable customary initial deposits and margin deposits and
similar Liens attaching to commodity trading accounts or other brokerage accounts incurred
in the ordinary course of business and not for speculative purposes;

     (26) Liens that are contractual rights of set-off (i) relating to the establishment of
depository relations with banks not given in connection with the issuance of Indebtedness,
(ii) relating to pooled deposit or sweep accounts of the Company or any of its Restricted
Subsidiaries to permit satisfaction of overdraft or similar obligations incurred in the
ordinary course of business of the Company and its Restricted Subsidiaries or (iii) relating
to purchase orders and other agreements entered into with customers of the Company or any of
its Restricted Subsidiaries in the ordinary course of business; and

     (27) during a Suspension Period only, Liens securing Indebtedness, and Indebtedness
represented by Sale and Lease-Back Transactions in an amount that does not exceed 15% of
Consolidated Net Tangible Assets of the Company and its Restricted Subsidiaries at any one
time outstanding.

          For purposes of this definition, the term “Indebtedness” shall be deemed to include interest
on such Indebtedness. Additionally, solely for purposes of this definition and Section 4.12
hereof, any Indebtedness incurred during a Suspension Period shall be deemed to have been incurred
in compliance with Section 4.09 hereof.

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

          “Preferred Stock” means any Equity Interest with preferential rights of payment of
dividends or upon liquidation, dissolution, or winding up.

          “Private Placement Legend” means the legend set forth in Section 2.06(g)(i) hereof to
be placed on all Notes issued under this Indenture, except where otherwise permitted by the
provisions of this Indenture.

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

28

 

          “Qualified Joint Venture” means a Person (i) at least 50% of the Voting Stock of which
is beneficially owned by the Company or a Restricted Subsidiary and (ii) which engages in only a
Similar Business.

          “Qualified Proceeds” means assets that are used or useful in, or Capital Stock of any
Person engaged in, a Similar Business; provided, however, that the fair market
value of any such assets or Capital Stock shall be determined by the Company in good faith.

          “Rating Agencies” means Moody’s and S&P or if Moody’s or S&P or both shall not make a
rating on the Notes publicly available, a nationally recognized statistical rating agency or
agencies, as the case may be, selected by the Company which shall be substituted for Moody’s or S&P
or both, as the case may be.

          “Receivables Facility” means one or more receivables financing facilities as amended,
supplemented, modified, extended, renewed, restated or refunded from time to time, the Obligations
of which are non-recourse (except for customary representations, warranties, covenants and
indemnities made in connection with such facilities) to the Company or any of its Restricted
Subsidiaries (other than a Receivables Subsidiary) pursuant to which the Company or any of its
Restricted Subsidiaries sells its accounts receivable to either (a) a Person that is not a
Restricted Subsidiary or (b) a Receivables Subsidiary that in turn sells its accounts receivable to
a Person that is not a Restricted Subsidiary.

          “Receivables Fees” means distributions or payments made directly or by means of
discounts with respect to any accounts receivable or participation interest therein issued or sold
in connection with, and other fees paid to a Person that is not a Restricted Subsidiary in
connection with, any Receivables Facility.

          “Receivables Subsidiary” means any Subsidiary formed for the purpose of, and that
solely engages only in one or more Receivables Facilities and other activities reasonably related
thereto.

          “Record Date” for the interest or Additional Interest, if any, payable on any
applicable Interest Payment Date means May 15 or November 15 with respect to the Fixed Rate Notes
and February 15, May 15, September 15, or November 15 with respect to the Floating Rate Notes
(whether or not a Business Day) next preceding such Interest Payment Date.

          “Registration Rights Agreement” means the Registration Rights Agreement related to the
Notes dated as of the Issue Date, among the Issuers, the Guarantors and the Initial Purchasers,
with respect to the Notes, as such agreement may be amended, modified or supplemented from time to
time, and any similar registration rights agreement governing Additional Notes, as such
agreement(s) may be amended, modified or supplemented from time to time, unless the context
indicates otherwise.

          “Regulation S” means Regulation S promulgated under the Securities Act.

29

 

          “Regulation S Global Note” means a Regulation S Temporary Global Note or Regulation S
Permanent Global Note, as applicable.

          “Regulation S Permanent Global Note” means a permanent Global Note in the form of
Exhibit A-1 or Exhibit A-2 hereto, as the case may be, bearing the Global Note
Legend and the Private Placement Legend and deposited with or on behalf of and registered in the
name of the Depositary or its nominee, issued in a denomination equal to the outstanding principal
amount of the Regulation S Temporary Global Note upon expiration of the Restricted Period.

          “Regulation S Temporary Global Note” means a temporary Global Note in the form of
Exhibit A-1 or Exhibit A-2 hereto, as the case may be, bearing the Global Note
Legend, the Private Placement Legend and the Regulation S Temporary Global Note Legend and
deposited with or on behalf of and registered in the name of the Depositary or its nominee, issued
in a denomination equal to the outstanding principal amount of the Notes initially sold in reliance
on Rule 903.

          “Regulation S Temporary Global Note Legend” means the legend set forth in Section
2.06(g)(iii) hereof.

          “Related Business Assets” means assets (other than cash or Cash Equivalents) used or
useful in a Similar Business; provided, however, that any assets received by the
Company or a Restricted Subsidiary in exchange for assets transferred by the Company or a
Restricted Subsidiary shall not be deemed to be Related Business Assets if they consist of
securities of a Person, unless upon receipt of the securities of such Person, such Person would
become a Restricted Subsidiary.

          “Relevant Jurisdiction” shall have the definition set forth in Section 4.17 hereof.

          “Responsible Officer” means, when used with respect to the Trustee, any officer within
the corporate trust department of the Trustee, including any vice president, assistant vice
president, assistant secretary, assistant treasurer, trust officer or any other officer of the
Trustee who customarily performs functions similar to those performed by the Persons who at the
time shall be such officers, respectively, or to whom any corporate trust matter is referred
because of such Person’s knowledge of and familiarity with the particular subject and who shall
have direct responsibility for the administration of this Indenture.

          “Restricted Definitive Note” means a Definitive Note bearing the Private Placement
Legend.

          “Restricted Global Note” means a Global Note bearing the Private Placement Legend.

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

          “Restricted Period” means the 40-day distribution compliance period as defined in
Regulation S.

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          “Restricted Subsidiary” means, at any time, any direct or indirect Subsidiary of
the Company (including the U.S. Issuers) that is not then an Unrestricted Subsidiary;
provided, however, that upon the occurrence of an Unrestricted Subsidiary ceasing
to be an Unrestricted Subsidiary, such Subsidiary shall be included in the definition of
“Restricted Subsidiary.”

          “Rule 144” means Rule 144 promulgated under the Securities Act.

          “Rule 144A” means Rule 144A promulgated under the Securities Act.

          “Rule 903” means Rule 903 promulgated under the Securities Act.

          “Rule 904” means Rule 904 promulgated under the Securities Act.

          “S&P” means Standard & Poor’s, a division of The McGraw-Hill Companies, Inc., and any
successor to its rating agency business.

          “Sale and Lease-Back Transaction” means any arrangement providing for the leasing by
the Company or any of its Restricted Subsidiaries of any real or tangible personal property, which
property has been or is to be sold or transferred by the Company or such Restricted Subsidiary to a
third Person in contemplation of such leasing.

          “SEC” means the U.S. Securities and Exchange Commission.

          “Secured Indebtedness” means any Indebtedness of the Company or any of its Restricted
Subsidiaries secured by a Lien.

          “Securities Act” means the Securities Act of 1933, as amended, and the rules and
regulations of the SEC promulgated thereunder.

          “Senior Credit Facilities” means the credit facility under the credit agreement to be
entered into as of the Issue Date by and among Avago Technologies Finance Pte. Ltd. and certain of
its subsidiaries, as Borrowers, Avago Technologies Holding Pte. Ltd., Citicorp North America, Inc.,
as administrative agent, Citigroup Global Markets Inc., as joint lead arranger and joint lead
bookrunner, Lehman Brothers Inc., as joint lead arranger, joint lead bookrunner and syndication
agent, and Credit Suisse, as documentation agent, including any guarantees, collateral documents,
instruments and agreements executed in connection therewith.

          “Senior Indebtedness” means:

     (1) all Indebtedness of any Issuer or any Guarantor outstanding under the Senior Credit
Facilities or Notes and related Guarantees (including interest accruing on or after the
filing of any petition in bankruptcy or similar proceeding or for reorganization of the
Issuers or any Guarantor (at the rate provided for in the documentation with respect
thereto, regardless of whether or not a claim for post-filing interest is allowed in such
proceedings)), and any and all other fees, expense reimbursement obligations,
indemnification amounts, penalties, and other amounts (whether existing on the Issue Date or
thereafter created or incurred) and all obligations of the Issuers or any Guarantor

31

 

to reimburse any bank or other Person in respect of amounts paid under letters of
credit, acceptances or other similar instruments;

     (2) all Hedging Obligations (and guarantees thereof) owing to a Lender (as defined in
the Senior Credit Facilities) or any Affiliate of such Lender (or any Person that was a
Lender or an Affiliate of such Lender at the time the applicable agreement giving rise to
such Hedging Obligation was entered into), provided that such Hedging Obligations
are permitted to be incurred under the terms of this Indenture;

     (3) any other Indebtedness of the Issuers or any Guarantor permitted to be incurred
under the terms of this Indenture, unless the instrument under which such Indebtedness is
incurred expressly provides that it is on a parity with or subordinated in right of payment
to the Subordinated Notes or any related Guarantee; and

     (4) all Obligations with respect to the items listed in the preceding clauses (1), (2)
and (3);

provided, however, that Senior Indebtedness shall not include:

     (a) any obligation of such Person to the Issuers or any of its Subsidiaries;

     (b) any liability for federal, state, local or other taxes owed or owing by such
Person;

     (c) any accounts payable or other liability to trade creditors arising in the ordinary
course of business;

     (d) any Indebtedness or other Obligation of such Person which is subordinate or junior
in any respect to any other Indebtedness or other Obligation of such Person; or

     (e) that portion of any Indebtedness which at the time of incurrence is incurred in
violation of this Indenture.

          “Shelf Registration Statement” means the Shelf Registration Statement as defined in
the Registration Rights Agreement.

          “Significant Subsidiary” means any Restricted Subsidiary that would be a “significant
subsidiary” as defined in Article 1, Rule 1-02 of Regulation S-X, promulgated pursuant to the
Securities Act, as such regulation is in effect on the Issue Date.

          “Similar Business” means any business conducted or proposed to be conducted by the
Company and its Restricted Subsidiaries on the Issue Date or any business that is similar,
reasonably related, incidental or ancillary thereto.

          “Sponsor Advisory Agreement” means the Advisory Agreement between certain of the
management companies associated with the Investors as in effect on the Issue Date.

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          “Stated Maturity” means, except as otherwise provided, with respect to any
Indebtedness, the dates specified in such Indebtedness as the fixed dates on which the principal
and/or interest of such Indebtedness are due and payable, including pursuant to any mandatory
redemption provision (but excluding any provision providing for the repurchase or repayment of such
Indebtedness at the option of the holder thereof or the lender thereunder upon the happening of any
contingency unless such contingency has occurred).

          “Storage Sale” means the sale by the Company of the storage products business of the
Company and its Restricted Subsidiaries as described in the Offering Memorandum.

          “Subordinated Indebtedness” means, with respect to a series of Notes,

     (1) any Indebtedness of any Issuer which is by its terms subordinated in right of
payment to the Notes, including the Subordinated Notes, and

     (2) any Indebtedness of any Guarantor which is by its terms subordinated in right of
payment to the Guarantee of such entity of the Notes.

          “Subordinated Notes”
means the 11 7/8% Senior Subordinated Notes due 2015 of the
Issuers.

          “Subsidiary” means, with respect to any Person:

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

     (2) any partnership, joint venture, limited liability company or similar entity of
which

     (x) more than 50% of the capital accounts, distribution rights, total equity
and voting interests or general or limited partnership interests, as applicable, are
owned or controlled, directly or indirectly, by such Person or one or more of the
other Subsidiaries of that Person or a combination thereof whether in the form of
membership, general, special or limited partnership or otherwise, and

     (y) such Person or any Restricted Subsidiary of such Person is a controlling
general partner or otherwise controls such entity.

          “Total Assets” means the total assets of the Company and its Restricted Subsidiaries
on a consolidated basis, as shown on the most recent balance sheet of the Company or such other
Person as may be expressly stated.

33

 

          “Transactions” means the transactions contemplated by the Transaction Agreement, the
issuance of the Notes and the Subordinated Notes and the Senior Credit Facilities as in effect on
the Issue Date.

          “Transaction Agreement” means the Asset Purchase Agreement, dated as of August 14,
2005, between Agilent and Argos Acquisition Pte. Ltd.

          “Treasury Rate” means, as of any Redemption Date, the yield to maturity as of such
Redemption Date of United States Treasury securities with a constant maturity (as compiled and
published in the most recent Federal Reserve Statistical Release H.15 (519) that 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 December 1, 2007 (in the case of Floating Rate
Notes) or December 1 , 2009 (in the case of Fixed Rate Notes); provided, however,
that if the period from the Redemption Date to December 1, 2007 (in the case of Floating Rate
Notes) or December 1, 2009 (in the case of Fixed Rate Notes) is less than one year, the weekly
average yield on actually traded United States Treasury securities adjusted to a constant maturity
of one year will be used.

          “Trust Indenture Act” means the Trust Indenture Act of 1939, as amended (15 U.S.C §§
77aaa-777bbbb).

          “Trustee” means The Bank of New York, as trustee, until a successor replaces it in
accordance with the applicable provisions of this Indenture and thereafter means the successor
serving hereunder.

          “Unrestricted Definitive Note” means one or more Definitive Notes that do not bear and
are not required to bear the Private Placement Legend.

          “Unrestricted Global Note” means a permanent Global Note, substantially in the form of
Exhibit A-1 or A-2 attached hereto, as the case may be, that bears the Global Note
Legend and that has the “Schedule of Exchanges of Interests in the Global Note” attached thereto,
and that is deposited with or on behalf of and registered in the name of the Depositary,
representing Notes that do not bear the Private Placement Legend.

          “Unrestricted Subsidiary” means:

     (1) any Subsidiary of the Company which at the time of determination is an Unrestricted
Subsidiary (as designated by the Company, as provided below); and

     (2) any Subsidiary of an Unrestricted Subsidiary.

          The Company may designate any Subsidiary of the Company (including any existing Subsidiary and
any newly acquired or newly formed Subsidiary) to be an Unrestricted Subsidiary unless such
Subsidiary or any of its Subsidiaries owns any Equity Interests or Indebtedness of, or owns or
holds any Lien on, any property of, the Company or any Subsidiary

34

 

of the Company (other than solely any Subsidiary of the Subsidiary to be so designated);
provided, however, that

     (1) any Unrestricted Subsidiary must be an entity of which the Equity Interests
entitled to cast at least a majority of the votes that may be cast by all Equity Interests
having ordinary voting power for the election of directors or Persons performing a similar
function are owned, directly or indirectly, by the Company;

     (2) such designation complies with Section 4.07 hereof; and

     (3) each of:

     (a) the Subsidiary to be so designated; and

     (b) its Subsidiaries

          has not at the time of designation, and does not thereafter, create, incur, issue, assume,
guarantee or otherwise become directly or indirectly liable with respect to any Indebtedness
pursuant to which the lender has recourse to any of the assets of the Company or any Restricted
Subsidiary.

          The Company may designate any Unrestricted Subsidiary to be a Restricted Subsidiary;
provided that, immediately after giving effect to such designation, no Default shall have
occurred and be continuing and either:

     (1) the Company could incur at least $1.00 of additional Indebtedness pursuant to the
Fixed Charge Coverage Ratio test set forth in Section 4.09(a) hereof; or

     (2) the Fixed Charge Coverage Ratio for the Company its Restricted Subsidiaries would
be greater than such ratio for the Company and its Restricted Subsidiaries immediately prior
to such designation,

in each case on a pro forma basis taking into account such designation.

          Any such designation by the Company shall be notified by the Company to the Trustee by
promptly filing with the Trustee a copy of the resolution of the board of directors of the Company
or any committee thereof giving effect to such designation and an Officer’s Certificate certifying
that such designation complied with the foregoing provisions.

          “U.S. Person” means a U.S. person as defined in Rule 902(k) under the Securities Act.

          “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.

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     “Weighted Average Life to Maturity” means, when applied to any Indebtedness,
Disqualified Stock or Preferred Stock, as the case may be, at any date, the quotient obtained by
dividing:

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

     (2) the sum of all such payments.

          “Wholly Owned Subsidiary” of any Person means a Subsidiary of such Person, 100% of the
outstanding Equity Interests of which (other than directors’ qualifying shares) shall at the time
be owned by such Person or by one or more Wholly Owned Subsidiaries of such Person.

Section 1.02. Other Definitions.

	 	 	 	 
	 	 	Defined in
	Term	 	Section
	“Acceptable Commitment”
	 	4.10	(b)
	“Additional Amounts”
	 	4.17	 
	“Affiliate Transaction”
	 	4.11	(a)
	“Asset Sale Offer”
	 	4.10	(c)
	“Auditor’s Determination”
	 	10.02	(d)
	“Authentication Order”
	 	2.02	 
	“Calculation Agent”
	 	2.03	 
	“Change of Control Offer”
	 	4.14	(a)
	“Change of Control Payment”
	 	4.14	(a)
	“Change of Control Payment Date”
	 	4.14	(a)
	“Claims”
	 	10.02	(b)
	“Covenant Defeasance”
	 	8.03	 
	“Covenant Suspension Event”
	 	4.16	(a)
	“DTC”
	 	2.03	 
	“Enforcement Notice”
	 	10.02	(d)
	“Event of Default”
	 	6.01	(a)
	“Excess Proceeds”
	 	4.10	(c)
	“incur”
	 	4.09	(a)
	“Legal Defeasance”
	 	8.02	 
	“Management Determination”
	 	10.02	(d)
	“Note Register”
	 	2.03	 
	“Offer Amount”
	 	3.10	(b)
	“Offer Period”
	 	3.10	(b)
	“Pari Passu Indebtedness”
	 	4.10	(c)

	“Paying Agent”
	 	2.03	 

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	 	 	Defined in
	Term	 	Section
	“Purchase Date”
	 	3.10(b)
	“Redemption Date”
	 	3.07(a)
	“Refinancing Indebtedness”
	 	4.09(b)
	“Refunding Capital Stock”
	 	4.07(b)
	“Registrar”
	 	2.03    
	“Relevant Jurisdiction”
	 	4.17    
	“Restricted Payments”
	 	4.07(a)
	“Second Commitment”
	 	4.10(b)
	“Successor Company”
	 	5.01(a)
	“Successor Person”
	 	5.01(b)
	“Suspended Covenants”
	 	4.16(a)
	“Suspension Date”
	 	4.16(a)
	“Treasury Capital Stock”
	 	4.07(b)
	“U.S. Filer”
	 	4.03(a)

Section 1.03. Incorporation by Reference of Trust Indenture Act.

          Whenever this Indenture refers to a provision of the Trust Indenture Act, the provision is
incorporated by reference in and made a part of this Indenture.

          The following Trust Indenture Act terms used in this Indenture have the following meanings:

          “indenture securities” means the Notes;

          “indenture security Holder” means a Holder of a Note;

          “indenture to be qualified” means this Indenture;

          “indenture trustee” or “institutional trustee” means the Trustee; and

          “obligor” on the Notes and the Guarantees means the Issuers and the Guarantors, respectively,
and any successor obligor upon the Notes and the Guarantees, respectively.

          All other terms used in this 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 have the meanings so assigned to them.

Section 1.04. Rules of Construction.

          Unless the context otherwise requires:

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

37

 

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

     (c) “or” is not exclusive;

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

     (e) “will” shall be interpreted to express a command;

     (f) provisions apply to successive events and transactions;

     (g) references to sections of, or rules under, the Securities Act shall be deemed to
include substitute, replacement or successor sections or rules adopted by the SEC from time
to time;

     (h) unless the context otherwise requires, any reference to an “Article,” “Section” or
“clause” refers to an Article, Section or clause, as the case may be, of this Indenture; and

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

Section 1.05. Acts of Holders.

          (a) 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
duly appointed in writing. Except as herein otherwise expressly provided, such action shall become
effective when such instrument or instruments or record or both are delivered to the Trustee and,
where it is hereby expressly required, to the Issuers. Proof of execution of any such instrument
or of a writing appointing any such agent, or the holding by any Person of a Note, shall be
sufficient for any purpose of this Indenture and (subject to Section 7.01) conclusive in favor of
the Trustee and the Issuers, if made in the manner provided in this Section 1.05.

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

38

 

          (c) The ownership of Notes shall be proved by the Note Register.

          (d) Any request, demand, authorization, direction, notice, consent, waiver or other action by
the Holder of any Note shall bind every future Holder of the same Note and the Holder of every Note
issued upon the registration of transfer thereof or in exchange therefor or in lieu thereof, in
respect of any action taken, suffered or omitted by the Trustee or the Issuers in reliance thereon,
whether or not notation of such action is made upon such Note.

          (e) The Issuers may, in the circumstances permitted by the Trust Indenture Act, set a record
date for purposes of determining the identity of Holders entitled to give any request, demand,
authorization, direction, notice, consent, waiver or take any other act, or to vote or consent to
any action by vote or consent authorized or permitted to be given or taken by Holders. Unless
otherwise specified, if not set by the Issuers prior to the first solicitation of a Holder made by
any Person in respect of any such action, or in the case of any such vote, prior to such vote, any
such record date shall be the later of 30 days prior to the first solicitation of such consent or
the date of the most recent list of Holders furnished to the Trustee prior to such solicitation.

          (f) Without limiting the foregoing, a Holder entitled to take any action hereunder with regard
to any particular Note may do so with regard to all or any part of the principal amount of such
Note or by one or more duly appointed agents, each of which may do so pursuant to such appointment
with regard to all or any part of such principal amount. Any notice given or action taken by a
Holder or its agents with regard to different parts of such principal amount pursuant to this
paragraph shall have the same effect as if given or taken by separate Holders of each such
different part.

          (g) Without limiting the generality of the foregoing, a Holder, including DTC that is the
Holder of a Global Note, may make, give or take, by a proxy or proxies duly appointed in writing,
any request, demand, authorization, direction, notice, consent, waiver or other action provided in
this Indenture to be made, given or taken by Holders, and DTC that is the Holder of a Global Note
may provide its proxy or proxies to the beneficial owners of interests in any such Global Note
through such depositary’s standing instructions and customary practices.

          (h) The Issuers may fix a record date for the purpose of determining the Persons who are
beneficial owners of interests in any Global Note held by DTC entitled under the procedures of such
depositary to make, give or take, by a proxy or proxies duly appointed in writing, any request,
demand, authorization, direction, notice, consent, waiver or other action provided in this
Indenture to be made, given or taken by Holders. If such a record date is fixed, the Holders on
such record date or their duly appointed proxy or proxies, and only such Persons, shall be entitled
to make, give or take such request, demand, authorization, direction, notice, consent, waiver or
other action, whether or not such Holders remain Holders after such record date. No such request,
demand, authorization, direction, notice, consent, waiver or other action shall be valid or
effective if made, given or taken more than 90 days after such record date.

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ARTICLE 2

THE NOTES

Section 2.01. Form and Dating; Terms.

          (a) General. The Notes and the Trustee’s certificate of authentication shall be
substantially in the form of Exhibit A-1 (in the case of the Fixed Rate Notes) and
Exhibit A-2 (in the case of the Floating Rate Notes) hereto. The Notes may have notations,
legends or endorsements required by law, stock exchange rules or usage. Each Note shall be dated
the date of its authentication. The Notes shall be in minimum denominations of $2,000 and integral
multiples of $1,000 in excess thereof.

          (b) Global Notes. Notes issued in global form shall be substantially in the form of
Exhibit A-1 (in the case of the Fixed Rate Notes) and Exhibit A-2 (in the case of
the Floating Rate Notes) attached hereto (including the Global Note Legend thereon and the
“Schedule of Exchanges of Interests in the Global Note” attached thereto). Notes issued in
definitive form shall be substantially in the form of Exhibit A-1 (in the case of the Fixed
Rate Notes) and Exhibit A-2 (in the case of the Floating Rate Notes) attached hereto (but
without the Global Note Legend thereon and without the “Schedule of Exchanges of Interests in the
Global Note” attached thereto). Each Global Note shall represent such of the outstanding Notes as
shall be specified in the “Schedule of Exchanges of Interests in the Global Note” attached thereto
and each shall provide that it shall represent up to the aggregate principal amount of Notes from
time to time endorsed thereon and that the aggregate principal amount of outstanding Notes
represented thereby may from time to time be reduced or increased, as applicable, to reflect
exchanges and redemptions. Any endorsement of a Global Note to reflect the amount of any increase
or decrease in the aggregate principal amount of outstanding Notes represented thereby shall be
made by the Trustee or the Custodian, at the direction of the Trustee, in accordance with
instructions given by the Holder thereof as required by Section 2.06 hereof.

          (c) Temporary Global Notes. Notes offered and sold in reliance on Regulation S shall
be issued initially in the form of the Regulation S Temporary Global Note, which shall be deposited
on behalf of the purchasers of the Notes represented thereby with the Trustee, as custodian for the
Depositary, and registered in the name of the Depositary or the nominee of the Depositary for the
accounts of designated agents holding on behalf of Euroclear or Clearstream, duly executed by the
Issuers and authenticated by the Trustee as hereinafter provided. The Restricted Period shall be
terminated upon the receipt by the Trustee of:

          (i) a written certificate from the Depositary, together with copies of certificates
from Euroclear and Clearstream certifying that they have received certification of
non-United States beneficial ownership of 100% of the aggregate principal amount of the
Regulation S Temporary Global Note (except to the extent of any beneficial owners thereof
who acquired an interest therein during the Restricted Period pursuant to another exemption
from registration under the Securities Act and who shall take delivery of a beneficial
ownership interest in a 144A Global Note bearing a Private Placement Legend, all as
contemplated by Section 2.06(b) hereof); and

40

 

          (ii) an Officer’s Certificate from the Company.

          Following the termination of the Restricted Period, beneficial interests in the Regulation S
Temporary Global Note shall be exchanged for beneficial interests in the Regulation S Permanent
Global Note pursuant to the Applicable Procedures. Simultaneously with the authentication of the
Regulation S Permanent Global Note, the Trustee shall cancel the Regulation S Temporary Global
Note. The aggregate principal amount of the Regulation S Temporary Global Note and the Regulation
S Permanent Global Note may from time to time be increased or decreased by adjustments made on the
records of the Trustee and the Depositary or its nominee, as the case may be, in connection with
transfers of interest as hereinafter provided.

          (d) Terms. The aggregate principal amount of Notes that may be authenticated and
delivered under this Indenture is unlimited.

          The terms and provisions contained in the Notes shall constitute, and are hereby expressly
made, a part of this Indenture and the Issuers, the Guarantors and the Trustee, by their execution
and delivery of this 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 Indenture, the provisions of this Indenture shall govern and be controlling.

          Additional Notes ranking pari passu with the Initial Notes may be created and issued from time
to time by the Issuers without notice to or consent of the Holders and shall be consolidated with
and form a single class with the Initial Notes and shall have the same terms as to status,
redemption or otherwise as the Initial Notes; provided that the Issuers’ ability to issue
Additional Notes shall be subject to the Issuers’ compliance with Section 4.09 hereof. Any
Additional Notes shall be issued with the benefit of an indenture supplemental to this Indenture.

          (e) Euroclear and Clearstream Procedures Applicable. The provisions of the “Operating
Procedures of the Euroclear System” and “Terms and Conditions Governing Use of Euroclear” and the
“General Terms and Conditions of Clearstream Banking” and “Customer Handbook” of Clearstream shall
be applicable to transfers of beneficial interests in the Regulation S Temporary Global Note and
the Regulation S Permanent Global Notes that are held by Participants through Euroclear or
Clearstream.

Section 2.02. Execution and Authentication.

          At least one Officer of each Issuer shall execute the Notes on behalf of such Issuer by manual
or facsimile signature.

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

          A Note shall not be entitled to any benefit under this Indenture or be valid or obligatory for
any purpose until authenticated substantially in the form of Exhibit A-1 or Exhibit
A-2 attached hereto, as the case may be, by the manual or facsimile signature of the Trustee.

41

 

The signature shall be conclusive evidence that the Note has been duly authenticated and
delivered under this Indenture.

          On the Issue Date, the Trustee shall, upon receipt of an Issuers’ Order (an
“Authentication Order”), authenticate and deliver (i) the Initial Fixed Rate Notes and (ii)
the Initial Floating Rate Notes. In addition, at any time, from time to time, the Trustee shall
upon an Authentication Order authenticate and deliver any Additional Notes and Exchange Notes for
an aggregate principal amount specified in such Authentication Order for such Additional Notes or
Exchange Notes issued hereunder.

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

Section 2.03. Registrar, Paying Agent and Calculation Agent.

          The Issuers shall maintain an office or agency where Notes may be presented for registration
of transfer or for exchange (“Registrar”) and an office or agency where Notes may be
presented for payment (“Paying Agent”). In addition, there shall be a Calculation Agent
for purposes of the Floating Rate Notes (the “Calculation Agent”). The Registrar shall
keep a register of the Notes (“Note Register”), which shall record the transfer and
exchange of the Notes. The Issuers may appoint one or more co-registrars and one or more
additional paying agents. The term “Registrar” includes any co-registrar and the term “Paying
Agent” includes any additional paying agent. The Issuers may change any Paying Agent, Registrar or
Calculation Agent without prior notice to any Holder. The Issuers shall notify the Trustee in
writing of the name and address of any Agent not a party to this Indenture. If the Issuers fail to
appoint or maintain another entity as Registrar, Paying Agent or Calculation Agent, the Trustee
shall act as such. The Company or any of its Subsidiaries may act as Paying Agent or Registrar.

          The Issuers initially appoint The Depository Trust Company (“DTC”) to act as
Depositary with respect to the Global Notes.

          The Issuers initially appoint the Trustee to act as the Paying Agent, Registrar and
Calculation Agent for the Notes and to act as Custodian with respect to the Global Notes.

Section 2.04. Paying Agent to Hold Money in Trust.

          The Issuers shall require each Paying Agent other than the Trustee to agree in writing that
the Paying Agent shall hold in trust for the benefit of Holders or the Trustee all money held by
the Paying Agent for the payment of principal, premium, if any, or Additional Interest, if any, or
interest on the Notes, and will notify the Trustee of any default by the Issuers in making any such
payment. While any such default continues, the Trustee may require a Paying Agent to pay all money
held by it to the Trustee. The Issuers at any time may require a Paying Agent to pay all money
held by it to the Trustee. Upon payment over to the Trustee, the

42

 

Paying Agent (if other than the Company or a Subsidiary) shall have no further liability for
the money. If the Company or a Subsidiary acts as Paying Agent, it shall segregate and hold in a
separate trust fund for the benefit of the Holders all money held by it as Paying Agent. Upon any
bankruptcy or reorganization proceedings relating to the Company, the Trustee shall serve as Paying
Agent for the Notes.

Section 2.05. Holder Lists.

          The Trustee shall preserve in as current a form as is reasonably practicable the most recent
list available to it of the names and addresses of all Holders and shall otherwise comply with
Trust Indenture Act Section 312(a). If the Trustee is not the Registrar, the Issuers shall furnish
to the Trustee at least two Business Days before each Interest Payment Date and at such other times
as the Trustee may request in writing, a list in such form and as of such date as the Trustee may
reasonably require of the names and addresses of the Holders of Notes and the Issuers shall
otherwise comply with Trust Indenture Act Section 312(a).

Section 2.06. Transfer and Exchange.

          (a) Transfer and Exchange of Global Notes. Except as otherwise set forth in this
Section 2.06, a Global Note may be transferred, in whole and not in part, only to another nominee
of the Depositary or to a successor Depositary or a nominee of such successor Depositary. A
beneficial interest in a Global Note may not be exchanged for a Definitive Note unless (i) the
Depositary (x) notifies the Issuers that it is unwilling or unable to continue as Depositary for
such Global Note or (y) has ceased to be a clearing agency registered under the Exchange Act and,
in either case, a successor Depositary is not appointed by the Issuers within 120 days or (ii)
there shall have occurred and be continuing an Event of Default with respect to the Notes. Upon
the occurrence of any of the preceding events in (i) or (ii) above, Definitive Notes delivered in
exchange for any Global Note or beneficial interests therein will be registered in the names, and
issued in any approved denominations, requested by or on behalf of the Depositary (in accordance
with its customary procedures). Global Notes also may be exchanged or replaced, in whole or in
part, as provided in Sections 2.07 and 2.10 hereof. Every Note authenticated and delivered in
exchange for, or in lieu of, a Global Note or any portion thereof, pursuant to this Section 2.06 or
Section 2.07 or 2.10 hereof, shall be authenticated and delivered in the form of, and shall be, a
Global Note, except for Definitive Notes issued subsequent to any of the preceding events in (i) or
(ii) above and pursuant to Section 2.06(c) hereof. A Global Note may not be exchanged for another
Note other than as provided in this Section 2.06(a); provided, however, beneficial
interests in a Global Note may be transferred and exchanged as provided in Section 2.06(b), (c) or
(f) hereof.

          (b) Transfer and Exchange of Beneficial Interests in the Global Notes. The transfer
and exchange of beneficial interests in the Global Notes shall be effected through the Depositary,
in accordance with the provisions of this Indenture and the Applicable Procedures. Beneficial
interests in the Restricted Global Notes shall be subject to restrictions on transfer comparable to
those set forth herein to the extent required by the Securities Act. Transfers of beneficial
interests in the Global Notes also shall require compliance with either subparagraph (i)

43

 

or (ii) below, as applicable, as well as one or more of the other following subparagraphs, as
applicable:

          (i) Transfer of Beneficial Interests in the Same Global Note. Beneficial
interests in any Restricted Global Note may be transferred to Persons who take delivery
thereof in the form of a beneficial interest in the same Restricted Global Note in
accordance with the transfer restrictions set forth in the Private Placement Legend;
provided, however, that prior to the expiration of the Restricted Period,
transfers of beneficial interests in the Regulation S Temporary Global Note may not be made
to a U.S. Person or for the account or benefit of a U.S. Person (other than an Initial
Purchaser). Beneficial interests in any Unrestricted Global Note may be transferred to
Persons who take delivery thereof in the form of a beneficial interest in an Unrestricted
Global Note. No written orders or instructions shall be required to be delivered to the
Registrar to effect the transfers set forth in this Section 2.06(b)(i).

          (ii) All Other Transfers and Exchanges of Beneficial Interests in Global Notes.
In connection with all transfers and exchanges of beneficial interests that are not subject
to Section 2.06(b)(i) hereof, the transferor of such beneficial interest must deliver to the
Registrar either (A) (1) a written order from a Participant or an Indirect
Participant given to the Depositary in accordance with the Applicable Procedures
directing the Depositary to credit or cause to be credited a beneficial interest in another
Global Note in an amount equal to the beneficial interest to be transferred or exchanged and
(2) instructions given in accordance with the Applicable Procedures containing information
regarding the Participant account to be credited with such increase or (B) (1) a written
order from a Participant or an Indirect Participant given to the Depositary in accordance
with the Applicable Procedures directing the Depositary to cause to be issued a Definitive
Note in an amount equal to the beneficial interest to be transferred or exchanged and (2)
instructions given by the Depositary to the Registrar containing information regarding the
Person in whose name such Definitive Note shall be registered to effect the transfer or
exchange referred to in (1) above; provided that in no event shall Definitive Notes
be issued upon the transfer or exchange of beneficial interests in the Regulation S
Temporary Global Note prior to (A) the expiration of the Restricted Period and (B) the
receipt by the Registrar of any certificates required pursuant to Rule 903. Upon
consummation of an Exchange Offer by the Issuers in accordance with Section 2.06(f) hereof,
the requirements of this Section 2.06(b)(ii) shall be deemed to have been satisfied upon
receipt by the Registrar of the instructions contained in the Letter of Transmittal
delivered by the Holder of such beneficial interests in the Restricted Global Notes. Upon
satisfaction of all of the requirements for transfer or exchange of beneficial interests in
Global Notes contained in this Indenture and the Notes or otherwise applicable under the
Securities Act, the Trustee shall adjust the principal amount of the relevant Global Note(s)
pursuant to Section 2.06(h) hereof.

          (iii) Transfer of Beneficial Interests to Another Restricted Global Note. A
beneficial interest in any Restricted Global Note may be transferred to a Person who takes
delivery thereof in the form of a beneficial interest in another Restricted Global

44

 

Note if the transfer complies with the requirements of Section 2.06(b)(ii) hereof and
the Registrar receives the following:

     (A) if the transferee will take delivery in the form of a beneficial
interest in the 144A Global Note, then the transferor must deliver a
certificate in the form of Exhibit B hereto, including the
certifications in item (1) thereof; or

     (B) if the transferee will take delivery in the form of a beneficial
interest in the Regulation S Global Note, then the transferor must deliver a
certificate in the form of Exhibit B hereto, including the
certifications in item (2) thereof.

          (iv) Transfer and Exchange of Beneficial Interests in a Restricted Global Note for
Beneficial Interests in an Unrestricted Global Note. A beneficial interest in any
Restricted Global Note may be exchanged by any holder thereof for a beneficial interest in
an Unrestricted Global Note or transferred to a Person who takes delivery thereof in the
form of a beneficial interest in an Unrestricted Global Note if the exchange or transfer
complies with the requirements of Section 2.06(b)(ii) hereof and:

     (A) such exchange or transfer is effected pursuant to the Exchange
Offer in accordance with the Registration Rights Agreement and the holder of
the beneficial interest to be transferred, in the case of an exchange, or
the transferee, in the case of a transfer, certifies in the applicable
Letter of Transmittal that it is not (1) a Broker-Dealer, (2) a Person
participating in the distribution of the Exchange Notes or (3) a Person who
is an affiliate (as defined in Rule 144) of the Issuers;

     (B) such transfer is effected pursuant to the Shelf Registration
Statement in accordance with the Registration Rights Agreement;

     (C) such transfer is effected by a Broker-Dealer pursuant to the
Exchange Offer Registration Statement in accordance with the Registration
Rights Agreement; or

     (D) the Registrar receives the following:

     (1) if the holder of such beneficial interest in a Restricted
Global Note proposes to exchange such beneficial interest for a
beneficial interest in an Unrestricted Global Note, a certificate
from such Holder substantially in the form of Exhibit C
hereto, including the certifications in item (1)(a) thereof; or

     (2) if the holder of such beneficial interest in a Restricted
Global Note proposes to transfer such beneficial interest to a Person
who shall take delivery thereof in the form of a

45

 

beneficial interest in an Unrestricted Global Note, a
certificate from such holder in the form of Exhibit B hereto,
including the certifications in item (4) thereof;

and, in each such case set forth in this subparagraph (D), if the Registrar so requests or if the
Applicable Procedures so require, an Opinion of Counsel in form reasonably acceptable to the
Registrar to the effect that such exchange or transfer is in compliance with the Securities Act and
that the restrictions on transfer contained herein and in the Private Placement Legend are no
longer required in order to maintain compliance with the Securities Act.

          If any such transfer is effected pursuant to subparagraph (B) or (D) above at a time when an
Unrestricted Global Note has not yet been issued, the Issuers shall issue and, upon receipt of an
Authentication Order in accordance with Section 2.02 hereof, the Trustee shall authenticate one or
more Unrestricted Global Notes in an aggregate principal amount equal to the aggregate principal
amount of beneficial interests transferred pursuant to subparagraph (B) or (D) above.

          Beneficial interests in an Unrestricted Global Note cannot be exchanged for, or transferred to
Persons who take delivery thereof in the form of, a beneficial interest in a Restricted Global
Note.

          (c) Transfer or Exchange of Beneficial Interests for Definitive Notes.

               (i) Beneficial Interests in Restricted Global Notes to Restricted Definitive Notes.
If any holder of a beneficial interest in a Restricted Global Note proposes to exchange such
beneficial interest for a Restricted Definitive Note or to transfer such beneficial interest to a
Person who takes delivery thereof in the form of a Restricted Definitive Note, then, upon the
occurrence of any of the events in clause (i) or (ii) of Section 2.06(a) hereof and receipt by the
Registrar of the following documentation:

               (A) if the holder of such beneficial interest in a Restricted Global
Note proposes to exchange such beneficial interest for a Restricted
Definitive Note, a certificate from such holder substantially in the form of
Exhibit C hereto, including the certifications in item (2)(a)
thereof;

               (B) if such beneficial interest is being transferred to a QIB in
accordance with Rule 144A, a certificate substantially in the form of
Exhibit B hereto, including the certifications in item (1) thereof;

               (C) if such beneficial interest is being transferred to a Non-U.S.
Person in an offshore transaction in accordance with Rule 903 or Rule 904, a
certificate substantially in the form of Exhibit B hereto, including
the certifications in item (2) thereof;

               (D) if such beneficial interest is being transferred pursuant to an
exemption from the registration requirements of the Securities Act in

46

 

accordance with Rule 144, a certificate substantially in the form of
Exhibit B hereto, including the certifications in item (3)(a)
thereof;

               (E) if such beneficial interest is being transferred to the Company or
any of its Subsidiaries, a certificate substantially in the form of
Exhibit B hereto, including the certifications in item (3)(b)
thereof; or

               (F) if such beneficial interest is being transferred pursuant to an
effective registration statement under the Securities Act, a certificate
substantially in the form of Exhibit B hereto, including the
certifications in item (3)(c) thereof,

the Trustee shall cause the aggregate principal amount of the applicable Global Note to be reduced
accordingly pursuant to Section 2.06(h) hereof, and the Issuers shall execute and the Trustee shall
authenticate and mail to the Person designated in the instructions a Definitive Note in the
applicable principal amount. Any Definitive Note issued in exchange for a beneficial interest in a
Restricted Global Note pursuant to this Section 2.06(c) shall be registered in such name or names
and in such authorized denomination or denominations as the holder of such beneficial interest
shall instruct the Registrar through instructions from the Depositary and the Participant or
Indirect Participant. The Trustee shall mail such Definitive Notes to the Persons in whose names
such Notes are so registered. Any Definitive Note issued in exchange for a beneficial interest in
a Restricted Global Note pursuant to this Section 2.06(c)(i) shall bear the Private Placement
Legend and shall be subject to all restrictions on transfer contained therein.

               (ii) Beneficial Interests in Regulation S Temporary Global Note to Definitive Notes.
Notwithstanding Sections 2.06(c)(i)(A) and (C) hereof, a beneficial interest in the Regulation S
Temporary Global Note may not be exchanged for a Definitive Note or transferred to a Person who
takes delivery thereof in the form of a Definitive Note prior to (A) the expiration of the
Restricted Period and (B) the receipt by the Registrar of any certificates required pursuant to
Rule 903(b)(3)(ii)(B) of the Securities Act, except in the case of a transfer pursuant to an
exemption from the registration requirements of the Securities Act other than Rule 903 or Rule 904.

               (iii) Beneficial Interests in Restricted Global Notes to Unrestricted Definitive
Notes. A holder of a beneficial interest in a Restricted Global Note may exchange such
beneficial interest for an Unrestricted Definitive Note or may transfer such beneficial interest to
a Person who takes delivery thereof in the form of an Unrestricted Definitive Note only upon the
occurrence of any of the events in clause (i) or (ii) of Section 2.06(a) hereof and if:

               (A) such exchange or transfer is effected pursuant to the Exchange
Offer in accordance with the Registration Rights Agreement and the holder of
such beneficial interest, in the case of an exchange, or the transferee, in
the case of a transfer, certifies in the applicable Letter of Transmittal
that it is not (1) a Broker-Dealer, (2) a Person participating in the
distribution of the Exchange Notes or (3) a Person who is an affiliate (as
defined in Rule 144) of the Issuers;

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               (B) such transfer is effected pursuant to the Shelf Registration
Statement in accordance with the Registration Rights Agreement;

               (C) such transfer is effected by a Broker-Dealer pursuant to the
Exchange Offer Registration Statement in accordance with the Registration
Rights Agreement; or

               (D) the Registrar receives the following:

               (1) if the holder of such beneficial interest in a Restricted
Global Note proposes to exchange such beneficial interest for an
Unrestricted Definitive Note, a certificate from such holder
substantially in the form of Exhibit C hereto, including the
certifications in item (1)(b) thereof; or

               (2) if the holder of such beneficial interest in a Restricted
Global Note proposes to transfer such beneficial interest to a Person
who shall take delivery thereof in the form of an Unrestricted
Definitive Note, a certificate from such holder substantially in the
form of Exhibit B hereto, including the certifications in
item (4) thereof;

and, in each such case set forth in this subparagraph (D), if the Registrar so requests or if the
Applicable Procedures so require, an Opinion of Counsel in form reasonably acceptable to the
Registrar to the effect that such exchange or transfer is in compliance with the Securities Act and
that the restrictions on transfer contained herein and in the Private Placement Legend are no
longer required in order to maintain compliance with the Securities Act.

               (iv) Beneficial Interests in Unrestricted Global Notes to Unrestricted Definitive
Notes. If any holder of a beneficial interest in an Unrestricted Global Note proposes to
exchange such beneficial interest for a Definitive Note or to transfer such beneficial interest to
a Person who takes delivery thereof in the form of a Definitive Note, then, upon the occurrence of
any of the events in clause (i) or (ii) of Section 2.06(a) hereof and satisfaction of the
conditions set forth in Section 2.06(b)(ii) hereof, the Trustee shall cause the aggregate principal
amount of the applicable Global Note to be reduced accordingly pursuant to Section 2.06(h) hereof,
and the Issuers shall execute and the Trustee shall authenticate and mail to the Person designated
in the instructions a Definitive Note in the applicable principal amount. Any Definitive Note
issued in exchange for a beneficial interest pursuant to this Section 2.06(c)(iv) shall be
registered in such name or names and in such authorized denomination or denominations as the holder
of such beneficial interest shall instruct the Registrar through instructions from or through the
Depositary and the Participant or Indirect Participant. The Trustee shall mail such Definitive
Notes to the Persons in whose names such Notes are so registered. Any Definitive Note issued in
exchange for a beneficial interest pursuant to this Section 2.06(c)(iv) shall not bear the Private
Placement Legend.

          (d) Transfer and Exchange of Definitive Notes for Beneficial Interests.

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               (i) Restricted Definitive Notes to Beneficial Interests in Restricted Global Notes.
If any Holder of a Restricted Definitive Note proposes to exchange such Note for a beneficial
interest in a Restricted Global Note or to transfer such Restricted Definitive Note to a Person who
takes delivery thereof in the form of a beneficial interest in a Restricted Global Note, then, upon
receipt by the Registrar of the following documentation:

               (A) if the Holder of such Restricted Definitive Note proposes to
exchange such Note for a beneficial interest in a Restricted Global Note, a
certificate from such Holder substantially in the form of Exhibit C
hereto, including the certifications in item (2)(b) thereof;

               (B) if such Restricted Definitive Note is being transferred to a QIB in
accordance with Rule 144A, a certificate substantially in the form of
Exhibit B hereto, including the certifications in item (1) thereof;

               (C) if such Restricted Definitive Note is being transferred to a
Non-U.S. Person in an offshore transaction in accordance with Rule 903 or
Rule 904, a certificate substantially in the form of Exhibit B
hereto, including the certifications in item (2) thereof;

               (D) if such Restricted Definitive Note is being transferred pursuant to
an exemption from the registration requirements of the Securities Act in
accordance with Rule 144, a certificate substantially in the form of
Exhibit B hereto, including the certifications in item (3)(a)
thereof;

               (E) if such Restricted Definitive Note is being transferred to the
Company or any of its Subsidiaries, a certificate substantially in the form
of Exhibit B hereto, including the certifications in item (3)(b)
thereof; or

               (F) if such Restricted Definitive Note is being transferred pursuant to
an effective registration statement under the Securities Act, a certificate
substantially in the form of Exhibit B hereto, including the
certifications in item (3)(c) thereof,

the Trustee shall cancel the Restricted Definitive Note, increase or cause to be increased the
aggregate principal amount of, in the case of clause (A) above, the applicable Restricted Global
Note, in the case of clause (B) above, the applicable 144A Global Note, and in the case of clause
(C) above, the applicable Regulation S Global Note.

               (ii) Restricted Definitive Notes to Beneficial Interests in Unrestricted Global Notes.
A Holder of a Restricted Definitive Note may exchange such Note for a beneficial interest in an
Unrestricted Global Note or transfer such Restricted Definitive Note to a Person who takes delivery
thereof in the form of a beneficial interest in an Unrestricted Global Note only if:

49

 

               (A) such exchange or transfer is effected pursuant to the Exchange
Offer in accordance with the Registration Rights Agreement and the Holder,
in the case of an exchange, or the transferee, in the case of a transfer,
certifies in the applicable Letter of Transmittal that it is not (1) a
Broker-Dealer, (2) a Person participating in the distribution of the
Exchange Notes or (3) a Person who is an affiliate (as defined in Rule 144)
of the Issuers;

               (B) such transfer is effected pursuant to the Shelf Registration
Statement in accordance with the Registration Rights Agreement;

               (C) such transfer is effected by a Broker-Dealer pursuant to the
Exchange Offer Registration Statement in accordance with the Registration
Rights Agreement; or

               (D) the Registrar receives the following:

               (1) if the Holder of such Definitive Notes proposes to exchange
such Notes for a beneficial interest in the Unrestricted Global Note,
a certificate from such Holder substantially in the form of
Exhibit C hereto, including the certifications in item (1)(c)
thereof; or

               (2) if the Holder of such Definitive Notes proposes to transfer
such Notes to a Person who shall take delivery thereof in the form of
a beneficial interest in the Unrestricted Global Note, a certificate
from such Holder substantially in the form of Exhibit B
hereto, including the certifications in item (4) thereof;

and, in each such case set forth in this subparagraph (D), if the Registrar so requests or if the
Applicable Procedures so require, an Opinion of Counsel in form reasonably acceptable to the
Registrar to the effect that such exchange or transfer is in compliance with the Securities Act and
that the restrictions on transfer contained herein and in the Private Placement Legend are no
longer required in order to maintain compliance with the Securities Act.

          Upon satisfaction of the conditions of any of the subparagraphs in this Section 2.06(d)(ii),
the Trustee shall cancel the Definitive Notes and increase or cause to be increased the aggregate
principal amount of the Unrestricted Global Note.

               (iii) Unrestricted Definitive Notes to Beneficial Interests in Unrestricted Global
Notes. A Holder of an Unrestricted Definitive Note may exchange such Note for a beneficial
interest in an Unrestricted Global Note or transfer such Definitive Notes to a Person who takes
delivery thereof in the form of a beneficial interest in an Unrestricted Global Note at any time.
Upon receipt of a request for such an exchange or transfer, the Trustee shall cancel the applicable
Unrestricted Definitive Note and increase or cause to be increased the aggregate principal amount
of one of the Unrestricted Global Notes.

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          If any such exchange or transfer from a Definitive Note to a beneficial interest is effected
pursuant to subparagraph (ii)(B), (ii)(D) or (iii) above at a time when an Unrestricted Global Note
has not yet been issued, the Issuers shall issue and, upon receipt of an Authentication Order in
accordance with Section 2.02 hereof, the Trustee shall authenticate one or more Unrestricted Global
Notes in an aggregate principal amount equal to the principal amount of Definitive Notes so
transferred.

          (e) Transfer and Exchange of Definitive Notes for Definitive Notes. Upon request by a
Holder of Definitive Notes and such Holder’s compliance with the provisions of this Section
2.06(e), the Registrar shall register the transfer or exchange of Definitive Notes. Prior to such
registration of transfer or exchange, the requesting Holder shall present or surrender to the
Registrar the Definitive Notes duly endorsed or accompanied by a written instruction of transfer in
form satisfactory to the Registrar duly executed by such Holder or by its attorney, duly authorized
in writing. In addition, the requesting Holder shall provide any additional certifications,
documents and information, as applicable, required pursuant to the following provisions of this
Section 2.06(e):

               (i) Restricted Definitive Notes to Restricted Definitive Notes. Any Restricted
Definitive Note may be transferred to and registered in the name of Persons who take delivery
thereof in the form of a Restricted Definitive Note if the Registrar receives the following:

               (A) if the transfer will be made pursuant to a QIB in accordance with
Rule 144A, then the transferor must deliver a certificate substantially in
the form of Exhibit B hereto, including the certifications in item
(1) thereof;

               (B) if the transfer will be made pursuant to Rule 903 or Rule 904 then
the transferor must deliver a certificate in the form of Exhibit B
hereto, including the certifications in item (2) thereof; or

               (C) if the transfer will be made pursuant to any other exemption from
the registration requirements of the Securities Act, then the transferor
must deliver a certificate in the form of Exhibit B hereto,
including the certifications required by item (3) thereof, if applicable.

               (ii) Restricted Definitive Notes to Unrestricted Definitive Notes. Any Restricted
Definitive Note may be exchanged by the Holder thereof for an Unrestricted Definitive Note or
transferred to a Person or Persons who take delivery thereof in the form of an Unrestricted
Definitive Note if:

               (A) such exchange or transfer is effected pursuant to the Exchange
Offer in accordance with the Registration Rights Agreement and the Holder,
in the case of an exchange, or the transferee, in the case of a transfer,
certifies in the applicable Letter of Transmittal that it is not (1) a
Broker-Dealer, (2) a Person participating in the distribution of the

51

 

Exchange Notes or (3) a Person who is an affiliate (as defined in Rule
144) of the Issuers;

               (B) any such transfer is effected pursuant to the Shelf Registration
Statement in accordance with the Registration Rights Agreement;

               (C) any such transfer is effected by a Broker-Dealer pursuant to the
Exchange Offer Registration Statement in accordance with the Registration
Rights Agreement; or

               (D) the Registrar receives the following:

               (1) if the Holder of such Restricted Definitive Notes proposes
to exchange such Notes for an Unrestricted Definitive Note, a
certificate from such Holder substantially in the form of Exhibit
C hereto, including the certifications in item (1)(d) thereof; or

               (2) if the Holder of such Restricted Definitive Notes proposes
to transfer such Notes to a Person who shall take delivery thereof in
the form of an Unrestricted Definitive Note, a certificate from such
Holder substantially in the form of Exhibit B hereto,
including the certifications in item (4) thereof;

and, in each such case set forth in this subparagraph (D), if the Registrar so requests, an Opinion
of Counsel in form reasonably acceptable to the Registrar to the effect that such exchange or
transfer is in compliance with the Securities Act and that the restrictions on transfer contained
herein and in the Private Placement Legend are no longer required in order to maintain compliance
with the Securities Act.

               (iii) Unrestricted Definitive Notes to Unrestricted Definitive Notes. A Holder of
Unrestricted Definitive Notes may transfer such Notes to a Person who takes delivery thereof in the
form of an Unrestricted Definitive Note. Upon receipt of a request to register such a transfer,
the Registrar shall register the Unrestricted Definitive Notes pursuant to the instructions from
the Holder thereof.

          (f) Exchange Offer. Upon the occurrence of the Exchange Offer in accordance with the
Registration Rights Agreement, the Issuers shall issue and, upon receipt of an Authentication Order
in accordance with Section 2.02 hereof, the Trustee shall authenticate (i) one or more Unrestricted
Global Notes in an aggregate principal amount equal to the principal amount of the beneficial
interests in the Restricted Global Notes tendered for acceptance by Persons that certify in the
applicable Letters of Transmittal that (x) they are not Broker-Dealers, (y) they are not
participating in a distribution of the Exchange Notes and (z) they are not affiliates (as defined
in Rule 144) of the Issuers, and accepted for exchange in the Exchange Offer and (ii) Unrestricted
Definitive Notes in an aggregate principal amount equal to the

52

 

principal amount of the Restricted Definitive Notes tendered for acceptance by Persons that
certify in the applicable Letters of Transmittal that (x) they are not Broker-Dealers, (y) they are
not participating in a distribution of the Exchange Notes and (z) they are not affiliates (as
defined in Rule 144) of the Issuers, and accepted for exchange in the Exchange Offer. Concurrently
with the issuance of such Notes, the Trustee shall cause the aggregate principal amount of the
applicable Restricted Global Notes to be reduced accordingly, and the Issuers shall execute and the
Trustee shall authenticate and mail to the Persons designated by the Holders of Definitive Notes so
accepted Unrestricted Definitive Notes in the applicable principal amount. Any Notes that remain
outstanding after the consummation of the Exchange Offer, and Exchange Notes issued in connection
with the Exchange Offer, shall be treated as a single class of securities under this Indenture.

          (g) Legends. The following legends shall appear on the face of all Global Notes and
Definitive Notes issued under this Indenture unless specifically stated otherwise in the applicable
provisions of this Indenture:

               (i) Private Placement Legend.

               (A) Except as permitted by subparagraph (B) below, each Global Note and
each Definitive Note (and all Notes issued in exchange therefor or
substitution thereof) shall bear the legend in substantially the following
form:

“THE NOTES EVIDENCED HEREBY HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF
1933, AS AMENDED (THE “SECURITIES ACT”), OR OTHER SECURITIES LAWS. NEITHER THIS NOTE
NOR ANY INTEREST OR PARTICIPATION HEREIN MAY BE REOFFERED, SOLD, ASSIGNED,
TRANSFERRED, PLEDGED, ENCUMBERED OR OTHERWISE DISPOSED OF IN THE ABSENCE OF SUCH
REGISTRATION UNLESS THE TRANSACTION IS EXEMPT FROM, OR NOT SUBJECT TO, THE
REGISTRATION REQUIREMENTS OF THE SECURITIES ACT. THE HOLDER OF THIS SECURITY BY ITS
ACCEPTANCE HEREOF (1) AGREES THAT IT WILL NOT PRIOR TO (X) THE DATE WHICH IS TWO
YEARS (OR SUCH SHORTER PERIOD OF TIME AS PERMITTED BY RULE 144(k) UNDER THE
SECURITIES ACT OR ANY SUCCESSOR PROVISION THEREUNDER) AFTER THE LATER OF THE
ORIGINAL ISSUE DATE HEREOF (OR OF ANY PREDECESSOR OF THIS NOTE) OR THE LAST DAY ON
WHICH THE ISSUERS OR ANY AFFILIATE OF THE ISSUERS WAS THE OWNER OF THIS NOTE (OR ANY
PREDECESSOR OF THIS NOTE) AND (Y) SUCH LATER DATE, IF ANY, AS MAY BE REQUIRED BY
APPLICABLE LAW (THE “RESALE RESTRICTION TERMINATION DATE”), OFFER, SELL OR OTHERWISE
TRANSFER THIS NOTE EXCEPT (A) TO THE ISSUERS, (B) PURSUANT TO A REGISTRATION
STATEMENT WHICH HAS BEEN DECLARED EFFECTIVE UNDER THE SECURITIES ACT, (C) FOR SO
LONG AS THE NOTES ARE ELIGIBLE FOR RESALE PURSUANT TO RULE 144A, TO A

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PERSON IT REASONABLY BELIEVES IS A “QUALIFIED INSTITUTIONAL BUYER” AS DEFINED IN
RULE 144A UNDER THE SECURITIES ACT THAT PURCHASES FOR ITS OWN ACCOUNT OR FOR THE
ACCOUNT OF A QUALIFIED INSTITUTIONAL BUYER TO WHOM NOTICE IS GIVEN THAT THE TRANSFER
IS BEING MADE IN RELIANCE ON RULE 144A INSIDE THE UNITED STATES, (D) PURSUANT TO
OFFERS AND SALES TO NON U.S. PERSONS THAT OCCUR OUTSIDE THE UNITED STATES WITHIN THE
MEANING OF REGULATION S UNDER THE SECURITIES ACT OR (E) PURSUANT TO ANY OTHER
AVAILABLE EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT AND (2)
AGREES THAT IT WILL GIVE TO EACH PERSON TO WHOM THIS NOTE IS TRANSFERRED A NOTICE
SUBSTANTIALLY TO THE EFFECT OF THIS LEGEND; PROVIDED THAT THE ISSUERS, THE TRUSTEE
AND THE REGISTRAR SHALL HAVE THE RIGHT PRIOR TO ANY SUCH OFFER, SALE OR TRANSFER (I)
PURSUANT TO CLAUSE (D) OR (E) TO REQUIRE THE DELIVERY OF AN OPINION OF COUNSEL,
CERTIFICATION AND/OR OTHER INFORMATION SATISFACTORY TO EACH OF THEM, AND (II) IN
EACH OF THE FOREGOING CASES, TO REQUIRE THAT A CERTIFICATION OF TRANSFER IN THE FORM
APPEARING ON THE OTHER SIDE OF THIS NOTE IS COMPLETED AND DELIVERED BY THE
TRANSFEROR TO THE TRUSTEE. THIS LEGEND WILL BE REMOVED UPON THE REQUEST OF THE
HOLDER AFTER THE RESALE RESTRICTION TERMINATION DATE. AS USED HEREIN, THE TERMS
“OFFSHORE TRANSACTION,” “UNITED STATES” AND “U.S. PERSON” HAVE THE MEANINGS GIVEN TO
THEM BY REGULATION S UNDER THE SECURITIES ACT.”

               (B) Notwithstanding the foregoing, any Global Note or Definitive Note
issued pursuant to subparagraph (b)(iv), (c)(iii), (c)(iv), (d)(ii),
(d)(iii), (e)(ii), (e)(iii) or (f) of this Section 2.06 (and all Notes
issued in exchange therefor or substitution thereof) shall not bear the
Private Placement Legend.

               (ii) Global Note Legend. Each Global Note shall bear a legend in substantially the
following form:

“THIS GLOBAL NOTE IS HELD BY THE DEPOSITARY (AS DEFINED IN THE 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 2.06(h) OF THE INDENTURE, (II) THIS GLOBAL NOTE MAY BE EXCHANGED IN WHOLE
BUT NOT IN PART PURSUANT TO SECTION 2.06(a) OF THE INDENTURE, (III) THIS GLOBAL NOTE
MAY BE DELIVERED TO THE TRUSTEE FOR CANCELLATION PURSUANT TO

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SECTION 2.11 OF THE INDENTURE AND (IV) THIS GLOBAL NOTE MAY BE TRANSFERRED TO A
SUCCESSOR DEPOSITARY WITH THE PRIOR WRITTEN CONSENT OF THE ISSUERS. UNLESS AND
UNTIL IT IS EXCHANGED IN WHOLE OR IN PART FOR NOTES IN DEFINITIVE FORM, THIS NOTE
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 THIS CERTIFICATE IS PRESENTED BY AN
AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY (55 WATER STREET, NEW
YORK, NEW YORK) (“DTC”) TO THE ISSUERS OR THEIR AGENT FOR REGISTRATION OF TRANSFER,
EXCHANGE OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE &
CO. OR SUCH OTHER NAME AS MAY BE REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC
(AND ANY PAYMENT IS MADE TO CEDE & CO. OR SUCH OTHER ENTITY AS MAY BE 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.”

               (iii) Regulation S Temporary Global Note Legend. The Regulation S Temporary Global
Note shall bear a legend in substantially the following form:

“THE RIGHTS ATTACHING TO THIS REGULATION S TEMPORARY GLOBAL NOTE, AND THE CONDITIONS
AND PROCEDURES GOVERNING ITS EXCHANGE FOR CERTIFICATED NOTES, ARE AS SPECIFIED IN
THE INDENTURE (AS DEFINED HEREIN).”

          (h) Cancellation and/or Adjustment of Global Notes. At such time as all beneficial
interests in a particular Global Note have been exchanged for Definitive Notes or a particular
Global Note has been redeemed, repurchased or canceled in whole and not in part, each such Global
Note shall be returned to or retained and canceled by the Trustee in accordance with Section 2.11
hereof. At any time prior to such cancellation, if any beneficial interest in a Global Note is
exchanged for or transferred to a Person who will take delivery thereof in the form of a beneficial
interest in another Global Note or for Definitive Notes, the principal amount of Notes represented
by such Global Note shall be reduced accordingly and an endorsement shall be made on such Global
Note by the Trustee or by the Depositary at the direction of the Trustee to reflect such reduction;
and if the beneficial interest is being exchanged for or transferred to a Person who will take
delivery thereof in the form of a beneficial interest in another Global Note, such other Global
Note shall be increased accordingly and an endorsement shall be made on such Global Note by the
Trustee or by the Depositary at the direction of the Trustee to reflect such increase.

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               (i) General Provisions Relating to Transfers and Exchanges.

                    (i) To permit registrations of transfers and exchanges, the Issuers shall execute and the
Trustee shall authenticate Global Notes and Definitive Notes upon receipt of an Authentication
Order in accordance with Section 2.02 hereof or at the Registrar’s request.

                    (ii) No service charge shall be made to a holder of a beneficial interest in a Global Note or
to a Holder of a Definitive Note for any registration of transfer or exchange, but the Issuers may
require payment of a sum sufficient to cover any transfer tax or similar governmental charge
payable in connection therewith (other than any such transfer taxes or similar governmental charge
payable upon exchange or transfer pursuant to Sections 2.07, 2.10, 3.06, 3.10, 4.10, 4.14 and 9.05
hereof).

                    (iii) Neither the Registrar nor the Issuers shall be required to register the transfer of or
exchange any Note selected for redemption in whole or in part, except the unredeemed portion of any
Note being redeemed in part.

                    (iv) All Global Notes and Definitive Notes issued upon any registration of transfer or
exchange of Global Notes or Definitive Notes shall be the valid obligations of the Issuers,
evidencing the same debt, and entitled to the same benefits under this Indenture, as the Global
Notes or Definitive Notes surrendered upon such registration of transfer or exchange.

                    (v) The Issuers shall not be required (A) to issue, to register the transfer of or to exchange
any Notes during a period beginning at the opening of business 15 days before the day of any
selection of Notes for redemption under Section 3.02 hereof and ending at the close of business on
the day of selection, (B) to register the transfer of or to exchange any Note so selected for
redemption in whole or in part, except the unredeemed portion of any Note being redeemed in part or
(C) to register the transfer of or to exchange a Note between a Record Date and the next succeeding
Interest Payment Date.

                    (vi) Prior to due presentment for the registration of a transfer of any Note, the Trustee, any
Agent and the Issuers may deem and treat the Person in whose name any Note is registered as the
absolute owner of such Note for the purpose of receiving payment of principal of (and premium, if
any) and interest (including Additional Interest, if any) on such Notes and for all other purposes,
and none of the Trustee, any Agent or the Issuers shall be affected by notice to the contrary.

                    (vii) Upon surrender for registration of transfer of any Note at the office or agency of the
Issuers designated pursuant to Section 4.02 hereof, the Issuers shall execute, and the Trustee
shall authenticate and mail, in the name of the designated transferee or transferees, one or more
replacement Notes of any authorized denomination or denominations of a like aggregate principal
amount.

                    (viii) At the option of the Holder, Notes may be exchanged for other Notes of any authorized
denomination or denominations of a like aggregate principal amount upon surrender of the Notes to
be exchanged at such office or agency. Whenever any Global

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Notes or Definitive Notes are so surrendered for exchange, the Issuers shall execute, and the
Trustee shall authenticate and mail, the replacement Global Notes and Definitive Notes that the
Holder making the exchange is entitled to in accordance with the provisions of Section 2.02 hereof.

                    (ix) All certifications, certificates and Opinions of Counsel required to be submitted to the
Registrar pursuant to this Section 2.06 to effect a registration of transfer or exchange may be
submitted by facsimile.

Section 2.07. Replacement Notes.

          If any mutilated Note is surrendered to the Trustee, the Registrar or the Issuers and the
Trustee receives evidence to their satisfaction of the ownership and destruction, loss or theft of
any Note, the Issuers shall issue and the Trustee, upon receipt of an Authentication Order, shall
authenticate a replacement Note if the Trustee’s requirements are met. If required by the Trustee
or the Issuers, an indemnity bond must be supplied by the Holder that is sufficient in the judgment
of the Trustee and the Issuers to protect the Issuers, the Trustee, any Agent and any
authenticating agent from any loss that any of them may suffer if a Note is replaced. The Issuers
may charge for their expenses in replacing a Note.

          Every replacement Note is a contractual obligation of the Issuers and shall be entitled to all
of the benefits of this Indenture equally and proportionately with all other Notes duly issued
hereunder.

Section 2.08. Outstanding Notes.

          The Notes outstanding at any time are all the Notes authenticated by the Trustee except for
those canceled by it, those delivered to it for cancellation, those reductions in the interest in a
Global Note effected by the Trustee in accordance with the provisions hereof, and those set forth
in this Section 2.08 as not outstanding. Except as set forth in Section 2.09 hereof, a Note does
not cease to be outstanding because the Issuers or an Affiliate of the Issuers holds the Note.

          If a Note is replaced pursuant to Section 2.07 hereof, it ceases to be outstanding unless the
Trustee receives proof satisfactory to it that the replaced Note is held by a bona fide purchaser.

          If the principal amount of any Note is considered paid under Section 4.01 hereof, it ceases to
be outstanding and interest on it ceases to accrue.

          If the Paying Agent (other than the Issuers, a Subsidiary or an Affiliate of any thereof)
holds, on a Redemption Date or at Stated Maturity, money sufficient to pay Notes payable on that
date, then on and after that date such Notes shall be deemed to be no longer outstanding and shall
cease to accrue interest.

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Section 2.09. Treasury Notes.

          In determining whether the Holders of the required principal amount of Notes have concurred in
any direction, waiver or consent, Notes owned by the Issuers, or by any Affiliate of the Issuers,
shall be considered as though not outstanding, except that for the purposes of determining whether
the Trustee shall be protected in relying on any such direction, waiver or consent, only Notes that
a Responsible Officer of the Trustee knows are so owned shall be so disregarded. Notes so owned
which have been pledged in good faith shall not be disregarded if the pledgee establishes to the
satisfaction of the Trustee the pledgee’s right to deliver any such direction, waiver or consent
with respect to the Notes and that the pledgee is not the Issuers or any obligor upon the Notes or
any Affiliate of the Issuers or of such other obligor.

Section 2.10. Temporary Notes.

          Until certificates representing Notes are ready for delivery, the Issuers may prepare and the
Trustee, upon receipt of an Authentication Order, shall authenticate temporary Notes. Temporary
Notes shall be substantially in the form of certificated Notes but may have variations that the
Issuers consider appropriate for temporary Notes and as shall be reasonably acceptable to the
Trustee. Without unreasonable delay, the Issuers shall prepare and the Trustee shall authenticate
definitive Notes in exchange for temporary Notes.

          Holders and beneficial holders, as the case may be, of temporary Notes shall be entitled to
all of the benefits accorded to Holders, or beneficial holders, respectively, of Notes under this
Indenture.

Section 2.11. Cancellation.

          The Issuers at any time may deliver Notes to the Trustee for cancellation. The Registrar and
Paying Agent shall forward to the Trustee any Notes surrendered to them for registration of
transfer, exchange or payment. The Trustee or, at the direction of the Trustee, the Registrar or
the Paying Agent and no one else shall cancel all Notes surrendered for registration of transfer,
exchange, payment, replacement or cancellation and shall destroy cancelled Notes (subject to the
record retention requirement of the Exchange Act). Certification of the destruction of all
cancelled Notes shall be delivered to the Issuers. The Issuers may not issue new Notes to replace
Notes that they have paid or that have been delivered to the Trustee for cancellation.

Section 2.12. Defaulted Interest.

          If the Issuers default in a payment of interest on the Notes, they shall pay the defaulted
interest in any lawful manner plus, to the extent lawful, interest payable on the defaulted
interest to the Persons who are Holders on a subsequent special record date, in each case at the
rate provided in the Notes and in Section 4.01 hereof. The Issuers shall notify the Trustee in
writing of the amount of defaulted interest proposed to be paid on each Note and the date of the
proposed payment, and at the same time the Issuers shall deposit with the Trustee an amount of
money equal to the aggregate amount proposed to be paid in respect of such defaulted

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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 provided in this Section 2.12. The Trustee shall
fix or cause to be fixed each such special record date and payment date; provided that no
such special record date shall be less than 10 days prior to the related payment date for such
defaulted interest. The Trustee shall promptly notify the Issuers of such special record date. At
least 15 days before the special record date, the Issuers (or, upon the written request of the
Issuers, the Trustee in the name and at the expense of the Issuers) shall mail or cause to be
mailed, first-class postage prepaid, to each Holder a notice at his or her address as it appears in
the Note Register that states the special record date, the related payment date and the amount of
such interest to be paid.

          Subject to the foregoing provisions of this Section 2.12 and for greater certainty, each Note
delivered under this Indenture upon registration of transfer of or in exchange for or in lieu of
any other Note shall carry the rights to interest accrued and unpaid, and to accrue, which were
carried by such other Note.

Section 2.13. CUSIP Numbers; ISIN Numbers.

          The Issuers in issuing the Notes may use CUSIP numbers (if then generally in use) or ISIN
numbers (if then generally in use) and, if so, the Trustee shall use CUSIP numbers or 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 correctness of such numbers either as printed on the Notes or
as contained in any notice of redemption and that reliance may be placed only on the other
identification numbers printed on the Notes, and any such redemption shall not be affected by any
defect in or omission of such numbers. The Issuers will as promptly as practicable notify the
Trustee of any change in the CUSIP numbers or ISIN numbers.

ARTICLE 3

REDEMPTION

Section 3.01. Notices to Trustee.

          If the Issuers elect to redeem Fixed Rate Notes or Floating Rate Notes pursuant to Section
3.07 hereof, they shall furnish to the Trustee, at least 2 Business Days before notice of
redemption is required to be mailed or caused to be mailed to Holders pursuant to Section 3.03
hereof but not more than 60 days before a Redemption Date, an Officer’s Certificate setting forth
(i) the paragraph or subparagraph of such Note and/or Section of this Indenture pursuant to which
the redemption shall occur, (ii) the Redemption Date, (iii) the principal amount of the Fixed Rate
Notes or Floating Rate Notes, as the case may be, to be redeemed and (iv) the redemption price.

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Section 3.02. Selection of Notes to Be Redeemed or Purchased.

          If less than all of the Fixed Rate Notes or Floating Rate Notes, as the case may be, are to be
redeemed or purchased in an offer to purchase at any time, the Trustee shall select the Notes to be
redeemed or purchased (a) if the Notes are listed on any national securities exchange, in
compliance with the requirements of the principal national securities exchange on which the Notes
are listed or (b) on a pro rata basis or, to the extent that selection on a pro rata basis is not
practicable, by lot or by such other method the Trustee considers fair and appropriate. In the
event of partial redemption or purchase by lot, the particular Notes to be redeemed or purchased
shall be selected, unless otherwise provided herein, not less than 30 nor more than 60 days prior
to the redemption date by the Trustee from the outstanding Notes not previously called for
redemption or purchase.

          The Trustee shall promptly notify the Issuers in writing of the Notes selected for redemption
or purchase and, in the case of any Note selected for partial redemption or purchase, the principal
amount thereof to be redeemed or purchased. Notes and portions of Notes selected shall be in
minimum amounts of $2,000 or whole multiples of $1,000 in excess thereof; no Notes of $2,000 or
less can be redeemed in part, except that if all of the Notes of a Holder are to be redeemed or
purchased, the entire outstanding amount of Notes held by such Holder, even if not a minimum of
$2,000 or a multiple of $1,000 in excess thereof, shall be redeemed or purchased. Except as
provided in the preceding sentence, provisions of this Indenture that apply to Notes called for
redemption or purchase also apply to portions of Notes called for redemption or purchase.

Section 3.03. Notice of Redemption.

          Subject to Section 3.10 hereof, the Issuers shall mail or cause to be mailed by first-class
mail, postage prepaid, notices of redemption at least 30 days but not more than 60 days before the
Redemption Date to each Holder of Notes to be redeemed at such Holder’s registered address or
otherwise in accordance with the procedures of DTC, except that redemption notices may be mailed
more than 60 days prior to a Redemption Date if the notice is issued in connection with Article 8
or Article 11 hereof. Except as set forth in Section 3.07(c) and Section 3.07(d) hereof, notices
of redemption may not be conditional.

          The notice shall identify the Notes to be redeemed and shall state:

          (a) the Redemption Date;

          (b) the redemption price;

          (c) if any Note is to be redeemed in part only, the portion of the principal amount of that
Note that is to be redeemed and that, after the Redemption Date upon surrender of such Note, a new
Note or Notes in principal amount equal to the unredeemed portion of the original Note representing
the same indebtedness to the extent not redeemed will be issued in the name of the Holder of the
Notes upon cancellation of the original Note;

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          (d) the name and address of the Paying Agent;

          (e) that Notes called for redemption must be surrendered to the Paying Agent to collect the
redemption price;

          (f) that, unless the Issuers default in making such redemption payment, interest on Notes
called for redemption ceases to accrue on and after the Redemption Date;

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

          (h) that no representation is made as to the correctness or accuracy of the CUSIP number, if
any, or ISIN number, if any, listed in such notice or printed on the Notes; and

          (i) if in connection with a redemption pursuant to Section 3.07(c) or 3.07(d) hereof, any
condition to such redemption.

          At the Issuers’ request, the Trustee shall give the notice of redemption in the Issuers’ names
and at their expense; provided that the Issuers shall have delivered to the Trustee, at
least 2 Business Days before notice of redemption is required to be mailed or caused to be mailed
to Holders pursuant to this Section 3.03 (unless a shorter notice shall be agreed to by the
Trustee), an Officer’s Certificate requesting that the Trustee give such notice and setting forth
the information to be stated in such notice as provided in the preceding paragraph.

Section 3.04. Effect of Notice of Redemption.

          Once notice of redemption is mailed in accordance with Section 3.03 hereof, Notes called for
redemption become irrevocably due and payable on the Redemption Date at the redemption price
(except as provided for in Section 3.07(c) and 3.07(d) hereof). The notice, if mailed in a manner
herein provided, shall be conclusively presumed to have been given, whether or not the Holder
receives such notice. In any case, failure to give such notice by mail or any defect in the notice
to the Holder of any Note designated for redemption in whole or in part shall not affect the
validity of the proceedings for the redemption of any other Note. Subject to Section 3.05 hereof,
on and after the Redemption Date, interest ceases to accrue on Notes or portions of Notes called
for redemption.

Section 3.05. Deposit of Redemption or Purchase Price.

          Prior to 10:00 a.m. (New York City time) on the redemption or purchase date, the Issuers shall
deposit with the Trustee or with the Paying Agent money sufficient to pay the redemption or
purchase price of and accrued and unpaid interest (including Additional Interest, if any) on all
Notes to be redeemed or purchased on that date. The Trustee or the Paying Agent shall promptly
return to the Issuers any money deposited with the Trustee or the Paying Agent by the Issuers in
excess of the amounts necessary to pay the redemption price of, and accrued and unpaid interest on,
all Notes to be redeemed or purchased.

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          If the Issuers comply with the provisions of the preceding paragraph, on and after the
redemption or purchase date, interest shall cease to accrue on the Notes or the portions of Notes
called for redemption or purchase. If a Note is redeemed or purchased on or after a Record Date
but on or prior to the related Interest Payment Date, then any accrued and unpaid interest to the
redemption or purchase date shall be paid to the Person in whose name such Note was registered at
the close of business on such Record Date. If any Note called for redemption or purchase shall not
be so paid upon surrender for redemption or purchase because of the failure of the Issuers to
comply with the preceding paragraph, interest shall be paid on the unpaid principal, from the
redemption or purchase date until such principal is paid, and to the extent lawful on any interest
accrued to the redemption or purchase date not paid on such unpaid principal, in each case at the
rate provided in the Notes and in Section 4.01 hereof.

Section 3.06. Notes Redeemed or Purchased in Part.

          Upon surrender of a Note that is redeemed or purchased in part, the Issuers shall issue, and
the Trustee shall authenticate for the Holder at the expense of the Issuers, a new Note equal in
principal amount to the unredeemed or unpurchased portion of the Note surrendered representing the
same indebtedness to the extent not redeemed or purchased; provided that each new Note will
be in a minimum principal amount of $2,000 or an integral multiple of $1,000 in excess thereof. It
is understood that, notwithstanding anything in this Indenture to the contrary, only an
Authentication Order and not an Opinion of Counsel or Officer’s Certificate is required for the
Trustee to authenticate such new Note.

Section 3.07. Optional Redemption.

          (a) At any time prior to December 1, 2009, the Issuers may redeem all or a part of the Fixed
Rate Notes, upon not less than 30 nor more than 60 days’ prior notice mailed by first-class mail to
each Holder’s registered address or otherwise delivered in accordance with the procedures of DTC,
at a redemption price equal to 100% of the principal amount of the Fixed Rate Notes redeemed plus
the Applicable Premium as of, and accrued and unpaid interest and Additional Interest, if any, to
the date of redemption (the “Redemption Date”), subject to the right of Holders of record
of Fixed Rate Notes on the relevant Record Date to receive interest due on the relevant Interest
Payment Date.

          (b) At any time prior to December 1, 2007 the Issuers may redeem all or a part of the Floating
Rate Notes, upon not less than 30 nor more than 60 days’ prior notice mailed by first-class mail to
each Holder’s registered address or otherwise delivered in accordance with the procedures of DTC,
at a redemption price equal to 100% of the principal amount of Floating Rate Notes redeemed plus
the Applicable Premium as of, and accrued and unpaid interest and Additional Interest, if any, to
the Redemption Date, subject to the rights of Holders of record of Floating Rate Notes on the
relevant Record Date to receive interest due on the relevant Interest Payment Date.

          (c) Until December 1, 2008, the Issuers may, at their option, on one or more occasions redeem
up to 35% of the aggregate principal amount of Fixed Rate Notes at a redemption price equal to
110.125% of the aggregate principal amount thereof, plus accrued and

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unpaid interest thereon and Additional Interest, if any, to the applicable Redemption Date,
subject to the right of Holders of record of Fixed Rate Notes on the relevant record date to
receive interest due on the relevant interest payment date, with the net cash proceeds of one or
more Equity Offerings and redeem up to 35% of the aggregate principal amount of the Fixed Rate
Notes at a redemption price equal to 110.125% of the aggregate principal amount thereof, plus and
unpaid interest thereon and Additional Interest, if any, to the applicable Redemption Date, subject
to the right of the Holders of record of Fixed Rate Notes on the relevant record date to receive
interest due on the relevant interest payment date, with the net proceeds of one or more Designated
Asset Sales; provided, however, that at least 50% of the sum of the aggregate
principal amount of Fixed Rate Notes originally issued under this Indenture and any Additional
Notes that are Fixed Rate Notes issued under this Indenture after the Issue Date remains
outstanding immediately after the occurrence of each such redemption; provided
further, however, that each such redemption occurs within 90 days of the date of
closing of each such Equity Offering or Designated Asset Sale, as the case may be. Notice of any
redemption upon any Equity Offering or Designated Asset Sale may be given prior to the completion
thereof, and any such redemption or notice may, at their discretion, be subject to one or more
conditions precedent, including, but not limited to, completion of the related Equity Offering or
Designated Asset Sale.

          (d) Until December 1, 2007, the Issuers may, at their option, on one or more occasions redeem
up to 35% of the aggregate principal amount of Floating Rate Notes issued by the Issuers at a
redemption price equal to 100% of the aggregate principal amount thereof, plus a premium equal to
the rate per annum on the Floating Rate Notes applicable on the date on which notice of redemption
is given, plus accrued and unpaid interest thereon and Additional Interest, if any, to the
applicable Redemption Date, subject to the right of Holders of record of Floating Rate Notes on the
relevant Record Date to receive interest due on the relevant Interest Payment Date, with the net
cash proceeds of one or more Equity Offerings and redeem up to 35% of the aggregate principal
amount of the Floating Rate Notes at a redemption price equal to 100% of the aggregate principal
amount thereof, plus a premium equal to the rate per annum on the Floating Rate Notes applicable on
the date on which notice of redemption is given, plus any unpaid interest thereon and Additional
Interest, if any, to the applicable Redemption Date, subject to the right of the Holders of record
of Floating Rate Notes on the relevant record date to receive interest due on the relevant interest
payment date, with the net proceeds of one or more Designated Asset Sales; provided,
however, that at least 50% of the sum of the aggregate principal amount of Floating Rate
Notes originally issued under this Indenture and any Additional Notes that are Floating Rate Notes
issued under this Indenture after the Issue Date remains outstanding immediately after the
occurrence of each such redemption; provided further, however, that each
such redemption occurs within 90 days of the date of closing of each such Equity Offering or
Designated Asset Sale, as the case may be. Notice of any redemption upon any Equity Offering or
Designated Asset Sale may be given prior to the completion thereof, and any such redemption or
notice may, at their discretion, be subject to one or more conditions precedent, including, but not
limited to, completion of the related Equity Offering or Designated Asset Sale.

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          (e) On and after December 1, 2009, the Issuers may redeem the Fixed Rate Notes, in whole or in
part, upon notice as set forth in Section 3.03 hereof, at the redemption prices (expressed as
percentages of principal amount of the Fixed Rate Notes to be redeemed) set forth below, plus
accrued and unpaid interest thereon and Additional Interest, if any, to the applicable Redemption
Date, subject to the right of Holders of record of Fixed Rate Notes on the relevant Record Date to
receive interest due on the relevant Interest Payment Date, if redeemed during the twelve-month
period beginning on December 1 of each of the years indicated below:

	 	 	 	 	 
	Year	 	Percentage
	2009
	 	 	105.063	%
	2010
	 	 	102.531	%
	2011 and thereafter
	 	 	100.00	%

          (f) On and after December 1, 2007, the Issuers may redeem the Floating Rate Notes, in whole or
in part, upon notice as set forth in Section 3.03 hereof, at the redemption prices (expressed as
percentages of principal amount of the Floating Rate Notes to be redeemed) set forth below, plus
accrued and unpaid interest thereon and Additional Interest, if any, to the applicable Redemption
Date, subject to the right of Holders of record of Floating Rate Notes on the relevant Record Date
to receive interest due on the relevant Interest Payment Date, if redeemed during the twelve-month
period beginning on December 1 of each of the years indicated below:

	 	 	 	 	 
	Year	 	Percentage
	2007
	 	 	102.000	%
	2008
	 	 	101.000	%
	2009 and thereafter
	 	 	100.00	%

          (g) Any redemption pursuant to this Section 3.07 shall be made pursuant to the provisions of
Sections 3.01 through 3.06 hereof.

Section 3.08. Redemption Upon Changes in Withholding Taxes.

          If, as a result of:

          (a) any amendment after the Issue Date to, or change after the Issue Date in, the laws or
regulations of any Relevant Jurisdiction, or

          (b) any change after the Issue Date in the general application or general or official
interpretation of the laws, treaties or regulations of any Relevant Jurisdiction applicable to the
Company or any Guarantor,

the Issuers or any Guarantor would be obligated to pay, on the next date for any payment and as a
result of that change, Additional Amounts as set forth in Section 4.17 hereof with respect to the
Relevant Jurisdiction, which the Issuers or any Guarantor cannot avoid by the use of reasonable
measures available to it, then the Issuers may redeem all or part of the Notes, at any time
thereafter, upon not less than 30 nor more than 60 days’ notice, at a redemption price of 100% of

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the principal amount, plus accrued and unpaid interest and Additional Interest, if any, to the
Redemption Date. Such redemption shall also be permitted if the Issuers or any Guarantor
determines that, as a result of any action take by any legislative body of, taxing authority of, or
any action brought in a court of competent jurisdiction, in any Relevant Jurisdiction, which action
is taken or brought on or after the Issue Date, there is a substantial probability that any Issuer
or any Guarantor would be required to pay Additional Amounts. Prior to the giving of any notice of
redemption described in this paragraph, the Company will deliver an Officer’s Certificate stating
that:

          (1) the obligation to pay such Additional Amounts cannot be avoided by the Company or any
Guarantor taking reasonable measures available to it; and

          (2) any Issuer or any Guarantor has or will become, or there is a substantial probability that
it will become, obligated to pay such Additional Amounts as a result of an amendment or change in
the laws, treaties or regulations of any Relevant Jurisdiction or a change in the application or
interpretation of the laws, treaties or regulations of the Relevant Jurisdiction.

Section 3.09. Mandatory Redemption.

          The Issuers shall not be required to make mandatory redemption or sinking fund payments with
respect to the Notes.

Section 3.10. Offers to Repurchase by Application of Excess Proceeds.

          (a) In the event that, pursuant to Section 4.10 hereof, the Company or any Restricted
Subsidiary shall be required to commence an Asset Sale Offer, it shall follow the procedures
specified below.

          (b) The Asset Sale Offer shall remain open for a period of 20 Business Days following its
commencement and no longer, except to the extent that a longer period is required by applicable law
(the “Offer Period”). No later than five Business Days after the termination of the Offer
Period (the “Purchase Date”), the Company or such Restricted Subsidiary, as the case may
be, shall apply all Excess Proceeds (the “Offer Amount”) to the purchase of Notes and, if
required, Pari Passu Indebtedness (on a pro rata basis, if applicable), or, if less than the Offer
Amount has been tendered, all Notes and Pari Passu Indebtedness tendered in response to the Asset
Sale Offer. Payment for any Notes so purchased shall be made in the same manner as interest
payments are made.

          (c) If the Purchase Date is on or after a Record Date and on or before the related Interest
Payment Date, any accrued and unpaid interest and Additional Interest, if any, up to but excluding
the Purchase Date, shall be paid to the Person in whose name a Note is registered at the close of
business on such Record Date, and no additional interest shall be payable to Holders who tender
Notes pursuant to the Asset Sale Offer.

          (d) Upon the commencement of an Asset Sale Offer, the Company or such Restricted Subsidiary,
as the case may be, shall send, by first-class mail, a notice to each of the

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Holders, with a copy to the Trustee. The notice shall contain all instructions and materials
necessary to enable such Holders to tender Notes pursuant to the Asset Sale Offer. The Asset Sale
Offer shall be made to all Holders and holders of Pari Passu Indebtedness. The notice, which shall
govern the terms of the Asset Sale Offer, shall state:

          (i) that the Asset Sale Offer is being made pursuant to this Section 3.10 and Section
4.10 hereof and the length of time the Asset Sale Offer shall remain open;

          (ii) the Offer Amount, the purchase price and the Purchase Date;

          (iii) that any Note not tendered or accepted for payment shall continue to accrue
interest;

          (iv) that, unless the Issuers default in making such payment, any Note accepted for
payment pursuant to the Asset Sale Offer shall cease to accrue interest after the Purchase
Date;

          (v) that Holders electing to have a Note purchased pursuant to an Asset Sale Offer may
elect to have Notes purchased in integral multiples of $1,000 only (so long as any Note
remaining outstanding has a minimum denomination of $2,000);

          (vi) that Holders electing to have a Note purchased pursuant to any Asset Sale Offer
shall be required to surrender the Note, with the form entitled “Option of Holder to Elect
Purchase” attached to the Note completed, or transfer by book-entry transfer, to the
Issuers, the Depositary, if appointed by the Issuers, or a Paying Agent at the address
specified in the notice at least three days before the Purchase Date;

          (vii) that Holders shall be entitled to withdraw their election if the Issuers, the
Depositary or the Paying Agent, as the case may be, receives, not later than the expiration
of the Offer Period, a telegram, 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;

          (viii) that, if the aggregate principal amount of Notes and Pari Passu Indebtedness
surrendered by the holders thereof exceeds the Offer Amount, the Trustee shall select the
Notes and such Pari Passu Indebtedness to be purchased on a pro rata basis based on the
accreted value or principal amount of the Notes or such Pari Passu Indebtedness tendered
(with such adjustments as may be deemed appropriate by the Trustee so that only Notes in
denominations of $2,000, or integral multiples of $1,000 in excess thereof, shall be
purchased and any Note remaining outstanding has a minimum denomination of $2,000); and

          (ix) 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

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surrendered (or transferred by book-entry transfer) representing the same indebtedness
to the extent not repurchased.

          (e) On or before the Purchase Date, the Issuers shall, to the extent lawful, (1) accept for
payment, on a pro rata basis to the extent necessary, the Offer Amount of Notes or portions thereof
validly tendered pursuant to the Asset Sale Offer, or if less than the Offer Amount has been
tendered, all Notes tendered and (2) deliver or cause to be delivered to the Trustee the Notes
properly accepted together with an Officer’s Certificate stating the aggregate principal amount of
Notes or portions thereof so tendered.

          (f) The Issuers, 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 properly
tendered by such Holder and accepted by the Issuers for purchase, and the Issuers shall promptly
issue a new Note, and the Trustee, upon receipt of an Authentication Order, shall authenticate and
mail or deliver (or cause to be transferred by book-entry) such new Note to such Holder (it being
understood that, notwithstanding anything in this Indenture to the contrary, no Opinion of Counsel
or Officer’s Certificate is required for the Trustee to authenticate and mail or deliver such new
Note) in a principal amount equal to any unpurchased portion of the Note surrendered representing
the same indebtedness to the extent not repurchased; provided, that each such new Note
shall be in a principal amount of $2,000 and integral multiples of $1,000 in excess thereof. Any
Note not so accepted shall be promptly mailed or delivered by the Issuers to the Holder thereof.
The Issuers shall publicly announce the results of the Asset Sale Offer on or as soon as
practicable after the Purchase Date.

          Other than as specifically provided in this Section 3.10 or Section 4.10 hereof, any purchase
pursuant to this Section 3.10 shall be made pursuant to the applicable provisions of Sections 3.01
through 3.06 hereof.

ARTICLE 4

COVENANTS

Section 4.01. Payment of Notes.

          The Issuers shall pay or cause to be paid the principal of, premium, if any, Additional
Interest, if any, and interest on the Notes on the dates and in the manner provided in the Notes.
Principal, premium, if any, Additional Interest, if any, and interest shall be considered paid on
the date due if the Paying Agent, if other than the Company or a Subsidiary, holds as of noon
Eastern Time on the due date money deposited by the Issuers in immediately available funds and
designated for and sufficient to pay all principal, premium, if any, and interest then due.

          The Issuers shall pay all Additional Interest, if any, in the same manner on the dates and in
the amounts set forth in the Registration Rights Agreement.

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          The Issuers shall pay interest (including post-petition interest in any proceeding under any
Bankruptcy Law) on overdue principal at the rate equal to the then applicable interest rate on the
Notes to the extent lawful; it shall pay interest (including post-petition interest in any
proceeding under any Bankruptcy Law) on overdue installments of interest and Additional Interest
(without regard to any applicable grace period) at the same rate to the extent lawful.

Section 4.02. Maintenance of Office or Agency.

          The Issuers shall maintain in the Borough of Manhattan in the City of New York an office or
agency (which may be an office of the Trustee or an affiliate of the Trustee, Registrar or
co-registrar) where Notes may be surrendered for registration of transfer or for exchange and where
notices and demands to or upon the Issuers in respect of the Notes and this Indenture may be
served. The Issuers 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 Issuers 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.

          The Issuers 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; provided that no such designation or rescission shall in any
manner relieve the Issuers of their obligation to maintain an office or agency in the Borough of
Manhattan in the City of New York for such purposes. The Issuers 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.

          The Issuers hereby designate the Corporate Trust Office of the Trustee as one such office or
agency of the Issuers in accordance with Section 2.03 hereof.

Section 4.03. Reports and Other Information.

          (a) Notwithstanding that the Company may not be 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 SEC, the Company shall file with the SEC (and make available to the Trustee and
Holders of the Notes (without exhibits), without cost to any Holder, within 15 days after the
Company files them with the SEC) from and after the Issue Date,

     (1) within 90 days after the end of each fiscal year (or such shorter period that would
be applicable to the Company if it were a U.S. company that is not a foreign private issuer
and that is subject to the reporting requirements of Section 13 or 15(d) of the Exchange Act
(a “U.S. Filer”) as the SEC may in the future prescribe), an annual report on Form
10-K (or any successor form) or Form 20-F (or any successor form) containing substantially
the same information (including applicable certifications) that the Company would be
required to include in Form 10-K (or any successor form) if the Company were a U.S. Filer;
provided, that the financial statements included therein shall

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be prepared in accordance with GAAP; provided, further, that if any
annual report is filed on Form 20-F, the certifications required by Form 10-K, but not Form
20-F, shall be made to the Holders of the Notes and the Trustee as if such report had been
made on Form 10-K and provided to the Trustee and made available to Holders, in lieu of
being filed with the SEC;

     (2) within 45 days after the end of each of the first three fiscal quarters of each
fiscal year (or such shorter period that would be applicable to the Company if it were a
U.S. Filer as the SEC may in the future prescribe), a report containing substantially the
same information (including applicable certifications) required to be contained in Form 10-Q
(or any successor form) that would be required if the Company were a U.S. Filer;
provided, that the financial statements included therein shall be prepared in
accordance with GAAP; provided, further, that if any quarterly report is
filed on Form 6-K, the certifications required by Form 10-Q, but not Form 6-K, shall be made
to the Holders of the Notes and the Trustee as if such report had been made on Form 10-Q and
provided to the Trustee and made available to Holders, in lieu of being filed with the SEC;

     (3) within the time periods specified on Form 8-K after the occurrence of an event
required to be therein reported, such other reports on the appropriate form for reporting
current events containing substantially the same information required to be contained in
Form 8-K (or any successor form) that would be required if the Company were a U.S. Filer;
provided, that such reports may be furnished, rather than filed, to the extent U.S.
Filers are permitted to do so by the SEC; and

     (4) any other information, documents and other reports that the Company would be
required to file with the SEC if it were a U.S. Filer; provided, that such reports
may be furnished, rather than filed, to the extent U.S. Filers are permitted to do so by the
SEC;

in each case, in a manner that complies in all material respects with the requirements specified in
such form; provided, however, that the Company shall not be so obligated to file
such reports with the SEC if the SEC does not permit such filing, in which event the Company will
make available such information to prospective purchasers of Notes, in addition to providing such
information to the Trustee and the Holders of the Notes, in each case within 15 days after the time
the Company would be required to file such information with the SEC, if it were subject to Section
13 or 15(d) of the Exchange Act. In addition, to the extent not satisfied by the foregoing, the
Company will agree that, for so long as any Notes are outstanding, it will furnish to Holders and
to securities analysts and prospective investors, upon their request, the information required to
be delivered pursuant to Rule 144A(d)(4) under the Securities Act.

          (b) In the event that any direct or indirect parent company of the Company becomes a guarantor
of the Notes, the Company may satisfy its obligations under this Section 4.03 with respect to
financial information relating to the Company by furnishing financial information relating to such
parent; provided, however that the same is accompanied by consolidating information
that explains in reasonable detail the differences between the

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information relating to such parent, on the one hand, and the information relating to the
Company and its Restricted Subsidiaries on a standalone basis, on the other hand.

          (c) Notwithstanding the foregoing, the requirements of this Section 4.03 shall be deemed
satisfied prior to the commencement of the Exchange Offer or the effectiveness of the Shelf
Registration Statement by:

     (1) the filing with the SEC of the Exchange Offer Registration Statement or Shelf
Registration Statement, and any amendments thereto, with such financial information that
satisfies Regulation S-X of the Securities Act, or

     (2) posting on its website or providing to the Trustee within 15 days of the time
periods after the Company would have been required to file annual and interim reports with
the SEC, the financial information (including a “Management’s Discussion and Analysis of
Financial Condition and Results of Operations” section) that would be required to be
included in such reports, subject to exceptions consistent with the presentation of
financial information in the Offering Memorandum.

Section 4.04. Compliance Certificate.

          (a) The Issuers and each Guarantor (to the extent that such Guarantor is so required under the
Trust Indenture Act) shall deliver to the Trustee, within 90 days after the end of each fiscal year
ending after the Issue Date, a certificate from the principal executive officer, principal
financial officer or principal accounting officer (or such other Officer as is appropriate) stating
that a review of the activities of the Issuers and their Restricted Subsidiaries during the
preceding fiscal year has been made under the supervision of the signing Officer with a view to
determining whether the Issuers have kept, observed, performed and fulfilled their obligations
under this Indenture, and further stating, as to such Officer signing such certificate, that to the
best of his or her knowledge the Issuers have kept, observed, performed and fulfilled each and
every condition and covenant contained in this Indenture and are not in default in the performance
or observance of any of the terms, provisions, covenants and conditions of this Indenture (or, if a
Default shall have occurred, describing all such Defaults of which he or she may have knowledge and
what action the Issuers are taking or propose to take with respect thereto).

          (b) When any Default has occurred and is continuing under this Indenture, or if the Trustee or
the holder of any other evidence of Indebtedness of the Issuers or any Subsidiary gives any notice
or takes any other action with respect to a claimed Default, the Issuers shall promptly (which
shall be no more than five (5) Business Days) deliver to the Trustee by registered or certified
mail or by facsimile transmission an Officer’s Certificate specifying such event and what action
the Issuers propose to take with respect thereto.

Section 4.05. Taxes.

          The Issuers shall pay, and shall cause each of their Restricted Subsidiaries to pay, prior to
delinquency, all material taxes, assessments, and governmental levies except such as are

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contested in good faith and by appropriate negotiations or proceedings or where the failure to
effect such payment is not adverse in any material respect to the Holders of the Notes.

Section 4.06. Stay, Extension and Usury Laws.

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

Section 4.07. Limitation on Restricted Payments.

          (a) The Company shall not, and shall not permit any of its Restricted Subsidiaries to,
directly or indirectly:

     (I) declare or pay any dividend or make any payment or distribution on account of the
Company’s or any of its Restricted Subsidiaries’ Equity Interests, including any dividend or
distribution payable in connection with any merger or consolidation other than:

     (A) dividends or distributions by the Company payable solely in Equity
Interests (other than Disqualified Stock) of the Company; or

     (B) dividends or distributions by a Restricted Subsidiary so long as, in the
case of any dividend or distribution payable on or in respect of any class or series
of Equity Interests issued by a Restricted Subsidiary other than a Wholly Owned
Subsidiary, the Company or a Restricted Subsidiary receives at least its pro rata
share of such dividend or distribution in accordance with its Equity Interests in
such class or series of Equity Interests;

     (II) purchase, redeem, defease or otherwise acquire or retire for value any Equity
Interests of the Company or any direct or indirect parent of the Company, including in
connection with any merger or consolidation;

     (III) make any payment on, or with respect to, or purchase, redeem, defease or
otherwise acquire or retire for value, in each case, prior to any scheduled repayment,
sinking fund payment or Stated Maturity, any Subordinated Indebtedness, other than:

     (A) with respect to Indebtedness permitted to be incurred pursuant to clauses
(7) and (8) of Section 4.09(b) hereof; or

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     (B) a payment of interest, principal or related Obligations at Stated Maturity;
or

     (C) the purchase, redemption, defeasance or other acquisition or retirement of
Subordinated Indebtedness in anticipation of satisfying a sinking fund obligation or
principal installment at Stated Maturity, in each case due within one year of the
date of purchase, redemption, defeasance or acquisition or retirement; or

     (IV) make any Restricted Investment,

(each such payment or other action set forth in clauses (I) through (IV) above being referred to as
a “Restricted Payment”), unless, at the time of and immediately after giving effect to such
Restricted Payment:

     (1) no Default shall have occurred and be continuing or would occur as a consequence
thereof;

     (2) the Company would have been permitted to incur at least $1.00 of additional
Indebtedness pursuant to Section 4.09(a) hereof; and

     (3) such Restricted Payment, together with the aggregate amount of all other Restricted
Payments made by the Company and its Restricted Subsidiaries after the Issue Date (including
Restricted Payments permitted by clauses (1), (2) (with respect to the payment of dividends
on Refunding Capital Stock pursuant to clause (b) thereof only), (6)(c) and (9) of Section
4.07(b) hereof, but excluding all other Restricted Payments permitted by Section 4.07(b)
hereof), is less than the sum of (without duplication):

     (a) 50% of the Consolidated Net Income of the Company for the period (taken as
one accounting period) beginning November 1, 2005, to the end of the Company’s most
recently ended fiscal quarter 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, minus 100% of such deficit; plus

     (b) 100% of the aggregate net cash proceeds and the fair market value, as
determined in good faith by the Company, of marketable securities or other property
received by the Company after the Issue Date (other than net cash proceeds to the
extent such net cash proceeds have been relied upon to incur Indebtedness,
Disqualified Stock or Preferred Stock pursuant to clause (12)(a) of Section 4.09(b)
hereof) from the issue or sale of:

     (i) (A) Equity Interests of the Company, including Treasury Capital
Stock, but excluding such proceeds and such fair market value, as determined
in good faith by the Company, of marketable securities or other property
received from the sale of:

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     (x) Equity Interests to members of management, directors or
consultants of the Company, any direct or indirect parent company of
the Company and the Company’s Subsidiaries after the Issue Date to
the extent such amounts have been applied to make Restricted Payments
in accordance with clause (4) of Section 4.07(b) hereof; and

     (y) Designated Preferred Stock; and

          (B) to the extent such net cash proceeds are actually contributed to
the Company, Equity Interests of any direct or indirect parent company of
the Company (excluding contributions of the proceeds from the sale of
Designated Preferred Stock of any such parent company or contributions to
the extent such amounts have been applied to make Restricted Payments in
accordance with clause (4) of Section 4.07(b) hereof); or

     (ii) debt securities of the Company that have been converted into or
exchanged for Equity Interests of the Company;

provided, however, that the calculation set forth in this clause (b) shall not
include the net cash proceeds or fair market value of marketable securities or other property
received from the sale of (W) Refunding Capital Stock, (X) Equity Interests or debt securities of
the Company that are convertible into or exchangeable for Equity Interests of the Company, in each
case sold to a Restricted Subsidiary, (Y) Disqualified Stock or debt securities that have been
converted into Disqualified Stock or (Z) Excluded Contributions; plus

     (c) 100% of the aggregate amount of net cash proceeds and the fair market
value, as determined in good faith by the Company, of marketable securities or other
property contributed to the capital of the Company after the Issue Date (other than
net cash proceeds: (A) to the extent such net cash proceeds have been relied upon to
incur Indebtedness, Disqualified Stock or Preferred Stock pursuant to clause (12)(a)
of Section 4.09(b) hereof, (B) contributed by a Restricted Subsidiary and (C)
constituting an Excluded Contribution); plus

     (d) 100% of the aggregate amount received in cash and the fair market value, as
determined in good faith by the Company, of marketable securities or other property
received from:

     (i) the sale or other disposition (other than to the Company or a
Restricted Subsidiary) of Restricted Investments made by the Company or its
Restricted Subsidiaries and repurchases and redemptions of such Restricted
Investments from the Company or its Restricted Subsidiaries and repayments
of loans or advances, and releases of guarantees, which constitute
Restricted Investments by the Company or its Restricted Subsidiaries, in
each case after the Issue Date; or

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     (ii) the sale (other than to the Company or a Restricted Subsidiary) of
the Capital Stock of an Unrestricted Subsidiary or a distribution or
dividend from an Unrestricted Subsidiary, in each case after the Issue Date
(other than in each case to the extent the Investment in such Unrestricted
Subsidiary was made by the Company or a Restricted Subsidiary pursuant to
clause (7) of Section 4.07(b) hereof or to the extent such Investment
constituted a Permitted Investment); plus

     (e) in the case of the redesignation of an Unrestricted Subsidiary as a
Restricted Subsidiary after the Issue Date, the fair market value of the Investment
in such Unrestricted Subsidiary, as determined by the Company in good faith or if
such fair market value exceeds $25.0 million, in writing by an Independent Financial
Advisor, at the time of such redesignation (other than an Unrestricted Subsidiary to
the extent the Investment in such Unrestricted Subsidiary was made by the Company or
a Restricted Subsidiary pursuant to clause (7) of Section 4.07(b) hereof or to the
extent such Investment constituted a Permitted Investment).

(b) The foregoing provisions of Section 4.07(a) hereof shall not prohibit:

     (1) the payment of any dividend within 60 days after the date of declaration thereof,
if at the date of declaration such payment would have complied with the provisions of this
Indenture;

     (2) (a) the purchase, redemption, defeasance or other acquisition or retirement for
value of any Equity Interests (“Treasury Capital Stock”) or Subordinated
Indebtedness of the Company or any Equity Interests of any direct or indirect parent company
of the Company, in exchange for, or out of the proceeds of the substantially concurrent sale
(other than to a Restricted Subsidiary of the Company) of, Equity Interests of the Company
or any direct or indirect parent company of the Company to the extent contributed to the
Company (in each case, other than any Disqualified Stock) (“Refunding Capital
Stock”) and (b) if immediately prior to the retirement of Treasury Capital Stock, the
declaration and payment of dividends thereon was permitted under clause (6) of this Section
4.07(b), the declaration and payment of dividends on the Refunding Capital Stock (other than
Refunding Capital Stock the proceeds of which were used to purchase, redeem, defease or
otherwise acquire or retire for value any Equity Interests of any direct or indirect parent
company of the Company) in an aggregate amount in any calendar year no greater than the
aggregate amount of dividends per annum that were declarable and payable on such Treasury
Capital Stock immediately prior to such retirement;

     (3) the purchase, redemption, defeasance or other acquisition or retirement for value
of Subordinated Indebtedness of the Issuers or a Guarantor made by exchange for, or out of
the proceeds of the substantially concurrent sale of, Refinancing Indebtedness of the
Issuers or a Guarantor, as the case may be, that is incurred in compliance with Section 4.09
hereof.

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     (4) the purchase, redemption, defeasance or other acquisition or retirement for value
of Equity Interests (other than Disqualified Stock) of the Company or any of its direct or
indirect parent companies held by any future, present or former employee, director or
consultant of the Company, any of its Subsidiaries or any of its direct or indirect parent
companies pursuant to any management equity plan or stock option plan or any other
management or employee benefit plan or agreement; provided, however, that
the aggregate Restricted Payments made under this clause (4) shall not exceed in any
calendar year $20.0 million (with unused amounts in any calendar year being carried over to
succeeding calendar years subject to a maximum (without giving effect to the following
proviso) of $40.0 million in any calendar year); provided further,
however, that such amount in any calendar year may be increased by an amount not to
exceed:

     (a) the net cash proceeds from the sale of Equity Interests (other than
Disqualified Stock) of the Company and, to the extent contributed to the Company,
Equity Interests of any of the Company’s direct or indirect parent companies, in
each case to members of management, directors or consultants of the Company, any of
its Subsidiaries or any of its direct or indirect parent companies that occurs after
the Issue Date, to the extent such net cash proceeds have not otherwise been applied
to make Restricted Payments pursuant to clause (3) of Section 4.07(a) hereof; plus

     (b) the net cash proceeds of key man life insurance policies received by the
Company or its Restricted Subsidiaries after the Issue Date; less

     (c) the amount of any Restricted Payments previously made with the cash
proceeds set forth in clauses (a) and (b) of this clause (4);

provided, further, that cancellation of Indebtedness owing to the Company
from members of management of the Company, any of the Company’s direct or indirect parent
companies or any of the Company’s Restricted Subsidiaries in connection with a repurchase of
Equity Interests of the Company or any of its direct or indirect parent companies will not
be deemed to constitute a Restricted Payment for purposes of this Section 4.07 or any other
provision of this Indenture;

     (5) the declaration and payment of dividends to holders of any class or series of
Disqualified Stock of the Company or any of its Restricted Subsidiaries issued in accordance
with and to the extent permitted by Section 4.09 hereof to the extent such dividends are
included in the definition of “Fixed Charges;”

     (6) the declaration and payment of dividends

     (a) to holders of any class or series of Designated Preferred Stock (other than
Disqualified Stock) issued by the Company after the Issue Date;

     (b) to a direct or indirect parent company of the Company, to the extent that
the proceeds of which are used to fund the payment of dividends to holders of any
class or series of Designated Preferred Stock (other than

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Disqualified Stock) of such parent company issued after the Issue Date;
provided, however, that the amount of dividends paid pursuant to
this clause (b) shall not exceed the aggregate amount of cash actually contributed
to the Company from the sale of such Designated Preferred Stock;

     (c) to holders of Refunding Capital Stock that is Preferred Stock and that was
exchanged for, or the proceeds of which were used to purchase, redeem, defease or
otherwise acquire or retire for value, any Preferred Stock (other than Preferred
Stock of the Company outstanding on the Issue Date) in excess of the dividends
declarable and payable thereon pursuant to clause (2) of this Section 4.07(b);

provided, however, in the case of each of clauses (a), (b) and (c) of this
clause (6), that for the most recently ended four full fiscal quarters for which internal
financial statements are available immediately preceding the date of declaration of any such
dividends, after giving effect to such declaration on a pro forma basis, the Company and its
Restricted Subsidiaries on a consolidated basis would have had a Fixed Charge Coverage Ratio
of at least 2.00 to 1.00;

     (7) Investments in Unrestricted Subsidiaries having an aggregate fair market value,
taken together with all other Investments made pursuant to this clause (7) that are at the
time outstanding, without giving effect to the sale of an Unrestricted Subsidiary to the
extent the proceeds of such sale do not consist of cash or marketable securities, not to
exceed the greater of $50.0 million and 2% of Total Assets at the time of such Investment
(with the fair market value of each Investment being determined in good faith by the Company
at the time made and without giving effect to subsequent changes in value);

     (8) repurchases of Equity Interests deemed to occur upon exercise of stock options or
warrants if such Equity Interests represent a portion of the exercise price of such options
or warrants;

     (9) the declaration and payment of dividends on the Company’s common stock (or the
payment of dividends to any direct or indirect parent company to fund a payment of dividends
on such company’s common stock), following the consummation of an underwritten public
offering of the Company’s common stock or the common stock of any of its direct or indirect
parent companies after the Issue Date, of up to 6% per annum of the net cash proceeds
received by or contributed to the Company in or from any such public offering, other than
public offerings with respect to common stock registered on Form S-8 and other than any
public sale constituting an Excluded Contribution;

     (10) Restricted Payments that are made with Excluded Contributions;

     (11) other Restricted Payments in an aggregate amount, taken together with all other
Restricted Payments made pursuant to this clause (11), not to exceed the greater of $50.0
million and 2% of Total Assets at the time made;

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     (12) distributions or payments of Receivables Fees;

     (13) any Restricted Payment used to fund the Transactions and the fees and expenses
related thereto or owed to Affiliates, in each case to the extent permitted by Section 4.11
hereof;

     (14) the repurchase, redemption or other acquisition or retirement for value of any
Subordinated Indebtedness pursuant to provisions similar to those set forth under Section
4.10 and Section 4.14 hereof; provided that all Notes tendered by Holders in connection with
a Change of Control Offer or Asset Sale Offer, as applicable, have been purchased, redeemed,
defeased or acquired for value;

     (15) the declaration and payment of dividends by the Company to, or the making of loans
to, any direct or indirect parent in amounts required for any direct or indirect parent
companies to pay, in each case without duplication,

     (a) franchise taxes and other fees, taxes and expenses required to maintain
their corporate existence;

     (b) federal, state and local income taxes, to the extent such income taxes are
attributable to the income of the Company and its Restricted Subsidiaries and, to
the extent of the amount actually received from its Unrestricted Subsidiaries, in
amounts required to pay such taxes to the extent attributable to the income of such
Unrestricted Subsidiaries; provided, however that in each case the
amount of such payments in any fiscal year does not exceed the amount that the
Company and its Restricted Subsidiaries would be required to pay in respect of
federal, state and local taxes for such fiscal year were the Company, its Restricted
Subsidiaries and its Unrestricted Subsidiaries (to the extent set forth above) to
pay such taxes separately from any such parent company;

     (c) customary salary, bonus and other benefits payable to officers and
employees of any direct or indirect parent company the Company to the extent such
salaries, bonuses and other benefits are attributable to the ownership or operation
of the Company and its Restricted Subsidiaries;

     (d) general corporate operating and overhead costs and expenses of any direct
or indirect parent company of the Company to the extent such costs and expenses are
attributable to the ownership or operation of the Company and its Restricted
Subsidiaries; and

     (e) fees and expenses other than to Affiliates of the Company related to any
unsuccessful equity or debt offering of such parent company;

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	 	(16)	 	the distribution, by dividend or otherwise, by the Company or a Restricted
Subsidiary, of shares of Capital Stock of, or Indebtedness owed to the Company or a
Restricted Subsidiary by Unrestricted Subsidiaries;
	 
	 	(17)	 	at any time on or prior to the third anniversary of the Issue Date, Restricted
Payments that are made with the proceeds from Designated Asset Sales; or
	 
	 	(18)	 	at any time on or prior to July 31, 2006, Restricted Payments that are made
with the proceeds from any Tranche B-2 Term Loan Commitment (as defined in the Senior
Credit Facilities) to the extent permitted by the Senior Credit Facilities;

provided, however, that at the time of, and after giving effect to, any Restricted
Payment permitted under clauses (11), (17) and (18) of this Section 4.07(b), no Default shall have
occurred and be continuing or would occur as a consequence thereof.

                (c) For purposes of designating any Restricted Subsidiary as an Unrestricted Subsidiary, all
outstanding Investments by the Company and its Restricted Subsidiaries (except to the extent
repaid) in the Subsidiary so designated will be deemed to be Restricted Payments in an amount
determined as set forth in the last sentence of the definition of “Investment.” Such designation
will be permitted only if a Restricted Payment in such amount would be permitted at such time,
whether pursuant to Section 4.07(a) hereof or under clause (7), (10) or (11) of Section 4.07(b)
hereof, or pursuant to the definition of “Permitted Investments,” and if such Subsidiary otherwise
meets the definition of an Unrestricted Subsidiary.

                Section 4.08. Dividend and Other Payment Restrictions Affecting Restricted Subsidiaries.

                (a) The Company shall not, and shall not permit any of its Restricted Subsidiaries that is not
a U.S. Issuer or a Guarantor to, directly or indirectly, create or otherwise cause or suffer to
exist or become effective any consensual encumbrance or consensual restriction on the ability of
any such Restricted Subsidiary to:

	 		 	(1) (A) pay dividends or make any other distributions to the Company or any of its
Restricted Subsidiaries on its Capital Stock or 
	 	with respect to any other interest or
participation in, or measured by, its profits, or

                     (B) pay any Indebtedness owed to the Company or any
of its Restricted Subsidiaries;

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

                (3) sell, lease or transfer any of its properties or assets to the Company or any of
its Restricted Subsidiaries.

                (b) The restrictions in Section 4.08(a) hereof shall not apply to encumbrances or restrictions
existing under or by reason of:

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     (1) contractual encumbrances or restrictions in effect on the Issue Date, including
pursuant to the Senior Credit Facilities and the related documentation;

     (2) this Indenture, the Notes, the indenture governing the Subordinated Notes and the
Subordinated Notes;

     (3) purchase money obligations for property acquired in the ordinary course of business
that impose restrictions of the nature discussed in clause (3) of Section 4.08(a) hereof on
the property so acquired;

     (4) applicable law or any applicable rule, regulation or order;

     (5) any agreement or other instrument of a Person acquired by the Company or any of its
Restricted Subsidiaries in existence at the time of such acquisition (but not created in
contemplation thereof), which encumbrance or restriction is not applicable to any Person, or
the properties or assets of any Person, other than the Person and its Subsidiaries, or the
property or assets of the Person and its Subsidiaries, so acquired;

     (6) contracts for the sale of assets, including customary restrictions with respect to
a Subsidiary of the Company pursuant to an agreement that has been entered into for the sale
or disposition of all or substantially all of the Capital Stock or assets of such
Subsidiary;

     (7) Secured Indebtedness otherwise permitted to be incurred pursuant to Section 4.09
hereof and Section 4.12 hereof that limit the right of the debtor to dispose of the assets
securing such Indebtedness;

     (8) restrictions on cash or other deposits or net worth imposed by customers under
contracts entered into in the ordinary course of business;

     (9) other Indebtedness, Disqualified Stock or Preferred Stock of Restricted
Subsidiaries that are not U.S. Issuers or Guarantors permitted to be incurred subsequent to
the Issue Date pursuant to the provisions of Section 4.09 hereof;

     (10) customary provisions in joint venture agreements and other similar agreements
relating solely to such joint venture;

     (11) customary provisions contained in leases or licenses of intellectual property and
other agreements, in each case, entered into in the ordinary course of business;

     (12) any encumbrances or restrictions of the type referred to in Section 4.08(a) hereof
imposed by any amendments, modifications, restatements, renewals, increases, supplements,
refundings, replacements or refinancings of the contracts, instruments or obligations
referred to in clauses (1) through (11) of this Section 4.08(b); provided,
however, that such amendments, modifications, restatements, renewals, increases,
supplements, refundings, replacements or refinancings are, in the good faith judgment of

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the Company, no more restrictive with respect to such encumbrance and other
restrictions taken as a whole than those prior to such amendment, modification, restatement,
renewal, increase, supplement, refunding, replacement or refinancing; and

     (13) restrictions created in connection with any Receivables Facility that, in the good
faith determination of the Company are necessary or advisable to effect transactions
contemplated under such Receivables Facility.

Section 4.09. Limitation on Incurrence of Indebtedness and Issuance of Disqualified Stock and
Preferred Stock.

          (a) The Company shall not, and shall 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 (collectively, “incur” and collectively, an
“incurrence”) with respect to any Indebtedness (including Acquired Indebtedness) and the
Company shall not issue any shares of Disqualified Stock and shall not permit any Restricted
Subsidiary to issue any shares of Disqualified Stock or Preferred Stock; provided,
however, that the Company may incur Indebtedness (including Acquired Indebtedness) or issue
shares of Disqualified Stock, and any of its Restricted Subsidiaries may incur Indebtedness
(including Acquired Indebtedness), issue shares of Disqualified Stock and issue shares of Preferred
Stock, if the Fixed Charge Coverage Ratio on a consolidated basis for the Company and its
Restricted Subsidiaries’ most recently ended four 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 2.00 to
1.00, 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, and the application of proceeds therefrom had
occurred at the beginning of such four-quarter period, provided, however, that
Restricted Subsidiaries that are not Guarantors may not incur Indebtedness or issue Disqualified
Stock or Preferred Stock if, after giving pro forma effect to such incurrence or issuance
(including a pro forma application of the net proceeds therefrom), more than an aggregate of $125.0
million of Indebtedness or Disqualified Stock or Preferred Stock of Restricted Subsidiaries that
are not Guarantors is outstanding pursuant to this clause (a) at such time.

          (b) The provisions of Section 4.09(a) hereof shall not apply to:

     (1) the incurrence of Indebtedness under Credit Facilities by the Company or any of its
Restricted Subsidiaries and the issuance and creation of letters of credit and bankers’
acceptances thereunder (with letters of credit and bankers’ acceptances being deemed to have
a principal amount equal to the face amount thereof), up to an aggregate principal amount of
$975.0 million outstanding at any one time, less up to $215.0 million in the aggregate of
mandatory principal payments actually made by the borrower thereunder in respect of
Indebtedness thereunder with the proceeds of the Storage Sale;

     (2) the incurrence by the Issuers and any Guarantor of Indebtedness represented by the
Notes and the Subordinated Notes (including any Guarantee) (other

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than any Additional Notes) and any notes and guarantees issued in exchange for the
Notes, the Subordinated Notes and Guarantees pursuant to a registration rights agreement;

     (3) Indebtedness of the Company and its Restricted Subsidiaries in existence on the
Issue Date (other than Indebtedness set forth in clauses (1) and (2) of this Section
4.09(b));

     (4) (a) Indebtedness (including Capitalized Lease Obligations), Disqualified Stock and
Preferred Stock incurred by the Company or any of its Restricted Subsidiaries, to finance
the purchase, lease or improvement of property (real or personal) or equipment that is used
or useful in a Similar Business, whether through the direct purchase of assets or the
Capital Stock of any Person owning such assets, in an aggregate principal amount at the date
of such incurrence (including all Refinancing Debt Incurred to refinance any other
Indebtedness incurred pursuant to this clause (4)(a)) not to exceed the greater of $100.0
million and 4% of Total Assets; provided, however, that such Indebtedness
exists at the date of such purchase or transaction, or is created within 270 days
thereafter, and (b) other Indebtedness under Capitalized Lease Obligations in a principal
amount that does not exceed $50.0 million in the aggregate at any time outstanding, together
with other Indebtedness under Capitalized Lease Obligations incurred under this clause
(4)(b) (including all Refinancing Debt Incurred to refinance any other Indebtedness incurred
pursuant to this clause (4)(b));

     (5) Indebtedness incurred by the Company or any of its Restricted Subsidiaries
constituting reimbursement obligations with respect to letters of credit issued in the
ordinary course of business, including letters of credit in respect of workers’ compensation
claims, or other Indebtedness with respect to reimbursement type obligations regarding
workers’ compensation claims; provided, however, that upon the drawing of
such letter of credit or the incurrence of such Indebtedness, such obligations are
reimbursed within 30 days following such drawing or incurrence;

     (6) Indebtedness arising from agreements of the Company or its Restricted Subsidiaries
providing for indemnification, adjustment of purchase price or similar obligations, in each
case, incurred or assumed in connection with the disposition of any business, assets or the
Capital Stock of a Subsidiary, other than guarantees of Indebtedness incurred by any Person
acquiring all or any portion of such business, assets or Capital Stock for the purpose of
financing such acquisition; provided, however, that the maximum assumable
liability in respect of all such Indebtedness shall at no time exceed the gross proceeds,
including non-cash proceeds (the fair market value of such non-cash proceeds being measured
at the time received and without giving effect to any subsequent changes in value), actually
received by the Company and its Restricted Subsidiaries in connection with such disposition;

     (7) Indebtedness of the Company to a Restricted Subsidiary; provided,
however, that any subsequent issuance or transfer of any Capital Stock or any other
event that results in such Restricted Subsidiary ceasing to be a Restricted Subsidiary or
any other subsequent transfer of any such Indebtedness (except to the Company or another
Restricted

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Subsidiary) shall be deemed, in each case, to be an incurrence of such Indebtedness;
provided further, however, that any such Indebtedness owing to a
Restricted Subsidiary that is not a U.S. Issuer or a Guarantor shall be expressly
subordinated in right of payment to the Notes;

     (8) Indebtedness of a Restricted Subsidiary to the Company or another Restricted
Subsidiary; provided, however, that if a U.S. Issuer or a Guarantor incurs
such Indebtedness to a Restricted Subsidiary that is not a U.S. Issuer or a Guarantor, such
Indebtedness is expressly subordinated in right of payment to the Notes in the case of a
U.S. Issuer or the Guarantee of the Notes of such Guarantor; provided
further, however, that any subsequent transfer of any such Indebtedness
(except to the Company or another Restricted Subsidiary) shall be deemed, in each case, to
be an incurrence of such Indebtedness;

     (9) shares of Preferred Stock of a Restricted Subsidiary issued to the Company or
another Restricted Subsidiary, provided that any subsequent issuance or transfer of
any Capital Stock or any other event that results in any such Restricted Subsidiary ceasing
to be a Restricted Subsidiary or any other subsequent transfer of any such shares of
Preferred Stock (except to the Company or another of its Restricted Subsidiaries) shall be
deemed in each case to be an issuance of such shares of Preferred Stock;

     (10) Hedging Obligations (excluding Hedging Obligations entered into for speculative
purposes) for the purpose of limiting interest rate risk with respect to any Indebtedness
permitted to be incurred pursuant to this Section 4.09, exchange rate risk or commodity
pricing risk;

     (11) obligations in respect of performance, bid, appeal and surety bonds and completion
guarantees provided by the Company or any of its Restricted Subsidiaries in the ordinary
course of business;

     (12) (a) Indebtedness or Disqualified Stock of the Company and Indebtedness,
Disqualified Stock or Preferred Stock of any Restricted Subsidiary equal to 200.0% of the
net cash proceeds received by the Company after the Issue Date from the issue or sale of
Equity Interests of the Company or cash contributed to the capital of the Company (in each
case, other than proceeds of Disqualified Stock or sales of Equity Interests to the Company
or any of its Subsidiaries) as determined in accordance with clauses (3)(b) and (3)(c) of
Section 4.07(a) hereof to the extent such net cash proceeds or cash have not been applied
pursuant to such clauses to make Restricted Payments or to make other Investments, payments
or exchanges pursuant to Section 4.07(b) hereof or to make Permitted Investments (other than
Permitted Investments specified in clauses (1) and (3) of the definition thereof) and (b)
Indebtedness or Disqualified Stock of the Company and Indebtedness, Disqualified Stock or
Preferred Stock of any Restricted Subsidiary not otherwise permitted hereunder in an
aggregate principal amount or liquidation preference, which when aggregated with the
principal amount and liquidation preference of all other Indebtedness, Disqualified Stock
and Preferred Stock then outstanding and

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incurred pursuant to this clause (12)(b), does not at any one time outstanding exceed
$175.0 million;

     (13) the incurrence by the Company or any Restricted Subsidiary of the Company of
Indebtedness, Disqualified Stock or Preferred Stock that serves to refund or refinance any
Indebtedness, Disqualified Stock or Preferred Stock incurred pursuant to Section 4.09(a)
hereof, clauses (2), (3), (4), (12)(a), (13) or (14) of this Section 4.09(b) or any
Indebtedness, Disqualified Stock or Preferred Stock incurred to so refund or refinance such
Indebtedness, Disqualified Stock or Preferred Stock (the “Refinancing
Indebtedness”); provided, however, that:

     (A) the principal amount of such Refinancing Indebtedness does not exceed the
principal amount of (or accreted value, if applicable), plus any accrued and unpaid
interest on, the Indebtedness being so refunded or refinanced, plus the amount of
any premium (including any tender premium and any defeasance costs, fees and premium
required to be paid under the terms of the instrument governing such Indebtedness)
and any fees and expenses incurred in connection with the issuance of such new
Indebtedness;

     (B) such Refinancing Indebtedness shall have a Weighted Average Life to
Maturity at the time such Refinancing Indebtedness is incurred equal to or greater
than the remaining Weighted Average Life to Maturity of the Indebtedness,
Disqualified Stock or Preferred Stock being refunded or refinanced;

     (C) if such Refinancing Indebtedness constitutes Subordinated Indebtedness,
such Refinancing Indebtedness shall have a final scheduled maturity date equal to or
later than the final scheduled maturity date of the Indebtedness being refunded or
refinanced;

     (D) to the extent such Refinancing Indebtedness refunds or refinances (i)
Subordinated Indebtedness, such Refinancing Indebtedness shall be subordinated to
the Notes or the Guarantee at least to the same extent as the Indebtedness being
refinanced or refunded or (ii) Disqualified Stock or Preferred Stock, such
Refinancing Indebtedness must be Disqualified Stock or Preferred Stock,
respectively; and

     (E) Refinancing Indebtedness shall not include:

     (i) Indebtedness, Disqualified Stock or Preferred Stock of a Subsidiary
of the Company that is not a U.S. Issuer or a Guarantor that refunds or
refinances Indebtedness, Disqualified Stock or Preferred Stock of either an
Issuer or a Guarantor; or

     (ii) Indebtedness, Disqualified Stock or Preferred Stock of the Company
or a Restricted Subsidiary that refunds or refinances

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Indebtedness, Disqualified Stock or Preferred Stock of an Unrestricted
Subsidiary;

     (14) Indebtedness, Disqualified Stock or Preferred Stock of (x) the Company or a
Restricted Subsidiary incurred to finance an acquisition or (y) Persons that are acquired by
the Company or any Restricted Subsidiary or merged with or into the Company or a Restricted
Subsidiary in accordance with the terms of this Indenture; provided,
however, that after giving effect to such acquisition or merger, either

	 	(A)	 	the Company would be 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) hereof, or
	 
	 	(B)	 	the Fixed Charge Coverage Ratio of the Company and the
Restricted Subsidiaries would be greater than immediately prior to such
acquisition or merger;

     (15) Indebtedness arising from the honoring by a bank or other financial institution of
a check, draft or similar instrument drawn against insufficient funds in the ordinary course
of business, provided, however, that such Indebtedness is extinguished
within two Business Days of its incurrence;

     (16) Indebtedness of the Company or any of its Restricted Subsidiaries supported by a
letter of credit issued pursuant to Credit Facilities, in a principal amount not in excess
of the stated amount of such letter of credit;

     (17) (a) any guarantee by the Company or a Restricted Subsidiary of Indebtedness or
other obligations of any Restricted Subsidiary so long as the incurrence of such
Indebtedness incurred by such Restricted Subsidiary is permitted under the terms of this
Indenture, or

     (b) any guarantee by a Restricted Subsidiary of Indebtedness of the Company
provided, however, that such guarantee is incurred in accordance with
Section 4.15 hereof; and

     (18) Indebtedness owed by the Company or any of its Restricted Subsidiaries to current
or former officers, directors and employees thereof, their respective estates, spouses or
former spouses, in each case to finance the purchase or redemption of Equity Interests of
the Company or any direct or indirect parent company of the Company to the extent set forth
in clause (4) of Section 4.07(b) hereof.

     (c) For purposes of determining compliance with this Section 4.09:

     (1) in the event that an item of Indebtedness, Disqualified Stock or Preferred Stock
(or any portion thereof) meets the criteria of more than one of the categories of permitted
Indebtedness, Disqualified Stock or Preferred Stock set forth in clauses (1)

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through (18) of Section 4.09(b) hereof or is entitled to be incurred pursuant to
Section 4.09(a) hereof, the Company, in its sole discretion, shall classify, and may
thereafter reclassify, such item of Indebtedness, Disqualified Stock or Preferred Stock (or
any portion thereof) and shall only be required to include the amount and type of such
Indebtedness, Disqualified Stock or Preferred Stock in one of the above clauses;
provided, however, that all Indebtedness outstanding under the Credit
Facilities after the application of the net proceeds from the sale of the Notes shall first
be applied to clause (1) of Section 4.09(b) hereof; and

     (2) at the time of incurrence, the Company shall be entitled to divide and classify an
item of Indebtedness in more than one of the types of Indebtedness set forth in Sections
4.09(a) and 4.09(b) hereof (it being understood that any Indebtedness, Disqualified Stock or
Preferred Stock incurred pursuant to clause (12)(b) or clause (4) of Section 4.09(b) shall
cease to be deemed incurred or outstanding for purposes of first, clause (12)(b) and second,
clause (4) and shall be deemed incurred for the purposes of Section 4.09(a) hereof from and
after the first date on which, and to the extent that, the Company or such Restricted
Subsidiary could have incurred such Indebtedness, Disqualified Stock or Preferred Stock
under the Section 4.09(a) hereof without reliance on clause (12)(b) or (4), as applicable).

          Accrual of interest, the accretion of accreted value and the payment of interest or dividends
in the form of additional Indebtedness, Disqualified Stock or Preferred Stock shall not be deemed
to be an incurrence of Indebtedness, Disqualified Stock or Preferred Stock for purposes of this
Section 4.09.

          For purposes of determining compliance with any U.S. dollar-denominated restriction on the
incurrence of Indebtedness, the U.S. dollar-equivalent principal amount of Indebtedness denominated
in a foreign currency shall be calculated based on the relevant currency exchange rate in effect on
the date such Indebtedness was incurred, in the case of term debt, or first committed, in the case
of revolving credit Indebtedness; provided, however that if such Indebtedness is
incurred to refinance other Indebtedness denominated in a foreign currency, and such refinancing
would cause the applicable U.S. dollar denominated restriction to be exceeded if calculated at the
relevant currency exchange rate in effect on the date of such refinancing, such U.S.
dollar-denominated restriction shall be deemed not to have been exceeded so long as the principal
amount of such refinancing Indebtedness does not exceed the principal amount of such Indebtedness
being refinanced.

          The principal amount of any Indebtedness incurred to refinance other Indebtedness, if incurred
in a different currency from the Indebtedness being refinanced, shall be calculated based on the
currency exchange rate applicable to the currencies in which such respective Indebtedness is
denominated that is in effect on the date of such refinancing.

          Notwithstanding anything to the contrary, the Company shall not, and shall not permit any U.S.
Issuer or Guarantor to, directly or indirectly, incur any Indebtedness (including Acquired
Indebtedness) that is subordinated or junior in right of payment to any Indebtedness of the Company
or such U.S. Issuer or Guarantor, as the case may be, unless such Indebtedness is

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expressly subordinated in right of payment to the Notes or such Guarantor’s Guarantee to the
extent and in the same manner as such Indebtedness is subordinated to other Indebtedness of the
Company or such U.S. Issuer or Guarantor, as the case may be. For the purposes of this Indenture,
Indebtedness that is unsecured is not deemed to be subordinated or junior to Secured Indebtedness
merely because it is unsecured, and Indebtedness (other than Subordinated Indebtedness) is not
deemed to be subordinated or junior to any other such Indebtedness merely because it has a junior
priority with respect to the same collateral.

Section 4.10. Asset Sales.

          (a) The Company shall not, and shall not permit any of its Restricted Subsidiaries to,
consummate an Asset Sale, unless:

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

     (2) except in the case of a Permitted Asset Swap, at least 75% of the consideration
therefor received by the Company or such Restricted Subsidiary, as the case may be, is in
the form of cash or Cash Equivalents; provided, however, that, for purposes
of this provision and for no other purpose, each of the following shall be deemed to be
cash:

     (A) any liabilities (as shown on the Company’s or such Restricted Subsidiary’s
most recent balance sheet or in the footnotes thereto) of the Company or such
Restricted Subsidiary, other than liabilities that are by their terms subordinated
to the Notes, that are assumed by the transferee of such assets and with respect to
which the Company and all of its Restricted Subsidiaries have been validly released
by all creditors in writing,

     (B) any securities received by the Company or such Restricted Subsidiary from
such transferee that are converted by the Company or such Restricted Subsidiary into
cash (to the extent of the cash received) within 180 days following the closing of
such Asset Sale to the extent of the cash received in such conversion, and

     (C) any Designated Non-cash Consideration received by the Company or such
Restricted Subsidiary having an aggregate fair market value (as determined in good
faith by the Company), taken together with all other Designated Non-cash
Consideration received pursuant to this clause (c) that is at that time outstanding,
not to exceed the greater of $150.0 million and 6% of Total Assets at the time of
the receipt of such Designated Non-cash Consideration, with the fair market value of
each item of Designated Non-cash Consideration being measured at the time received
and without giving effect to subsequent changes in value.

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          (b) Within 450 days after the receipt of any Net Proceeds of any Asset Sale, the Company or
any Restricted Subsidiary, at its option, may apply the Net Proceeds from such Asset Sale,

(1) to permanently reduce:

     (A) Obligations under the Senior Credit Facilities, and to correspondingly
reduce commitments with respect thereto;

     (B) Obligations under Indebtedness (other than Subordinated Indebtedness) that
is secured by a Lien, which Lien is permitted by this Indenture, and to
correspondingly reduce commitments with respect thereto;

     (C) Obligations under other Indebtedness (other than Subordinated Indebtedness)
(and to correspondingly reduce commitments with respect thereto), provided,
however, that the Company shall equally and ratably reduce Obligations under
the Notes as provided under Section 3.07 hereof through open-market purchases (to
the extent such purchases are at or above 100% of the principal amount thereof) or
by making an offer (in accordance with the procedures set forth under Section
4.10(c) hereof) to all Holders to purchase their Notes at 100% of the principal
amount thereof, plus the amount of accrued but unpaid interest, if any, on the
amount of Notes that would otherwise be prepaid; or

     (D) Indebtedness of a Restricted Subsidiary that is not a U.S. Issuer or
Guarantor, other than Indebtedness owed to the Company or another Restricted
Subsidiary; or

     (2) to:

     (A) make capital expenditures;

     (B) either (i) make Restricted Payments pursuant to clause (17) of Section
4.07(b) hereof or (ii) redeem Notes in accordance with Section 3.10 hereof in each
case with the proceeds of Designated Asset Sales;

     (C) make an Investment in any one or more businesses; provided,
however, that any such Investment is in the form of the acquisition of
Capital Stock and results in such business becoming a Restricted Subsidiary; or

     (D) acquire properties or other assets,

that, in the case of each of clauses (C) and (D), are either used or useful in a
Similar Business or replace the businesses, properties and /or assets that are the
subject of such Asset Sale; provided further, however, that
a binding commitment shall be treated as a permitted application of the Net Proceeds
from the date of such commitment so long as the Company or such other Restricted
Subsidiary enters into such commitment with the good faith expectation that such Net
Proceeds will be

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applied to satisfy such commitment within 180 days of such commitment (an
“Acceptable Commitment”) and, in the event any Acceptable Commitment is
later cancelled or terminated for any reason before the Net Proceeds are applied in
connection therewith, the Company or such Restricted Subsidiary enters into another
Acceptable Commitment (a “Second Commitment”) within 180 days of such
cancellation or termination; provided, however, that if any Second
Commitment is later cancelled or terminated for any reason before such Net Proceeds
are applied, then such Net Proceeds shall constitute Excess Proceeds.

          (c) Any Net Proceeds from the Asset Sale that are not invested or applied as provided and
within the time period set forth in Section 4.10(b) shall be deemed to constitute “Excess
Proceeds.” When the aggregate amount of Excess Proceeds exceeds $25.0 million, the Issuers
shall make an offer to all Holders of the Notes and, if required by the terms of any Indebtedness
that is pari passu with the Notes (“Pari Passu Indebtedness”), to the holders of such Pari
Passu Indebtedness (an “Asset Sale Offer”), to purchase the maximum aggregate principal
amount (or accreted value, as applicable) of the Notes and such Pari Passu Indebtedness that is in
a minimum amount of $2,000 and an integral multiple of $1,000 in excess thereof that may be
purchased out of the Excess Proceeds at an offer price in cash in an amount equal to 100% of the
principal amount thereof, plus accrued and unpaid interest and Additional Interest, if any, to the
date fixed for the closing of such offer, in accordance with the procedures set forth in this
Indenture. The Issuers shall commence an Asset Sale Offer with respect to Excess Proceeds within
ten Business Days after the date that Excess Proceeds exceed $25.0 million by delivering the notice
required pursuant to the terms of this Indenture, with a copy to the Trustee.

          To the extent that the aggregate amount of Notes and such Pari Passu Indebtedness tendered
pursuant to an Asset Sale Offer is less than the Excess Proceeds, the Issuers may use any remaining
Excess Proceeds for general corporate purposes, subject to other covenants contained in this
Indenture. If the aggregate principal amount of Notes or the Pari Passu Indebtedness surrendered
by such holders thereof exceeds the amount of Excess Proceeds, the Trustee shall select the Notes
and such Pari Passu Indebtedness to be purchased on a pro rata basis based on the accreted value or
principal amount of the Notes or such Pari Passu Indebtedness tendered. Upon completion of any
such Asset Sale Offer, the amount of Excess Proceeds shall be reset at zero.

          (d) Pending the final application of any Net Proceeds pursuant to this Section 4.10, the
holder of such Net Proceeds may apply such Net Proceeds temporarily to reduce Indebtedness
outstanding under a revolving credit facility or otherwise invest such Net Proceeds in any manner
not prohibited by this Indenture.

          (e) The Issuers shall 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 or regulations are
applicable in connection with the repurchase of the Notes pursuant to an Asset Sale Offer. To the
extent that the provisions of any securities laws or regulations conflict with the provisions of
this Indenture, the Issuers shall comply with the applicable securities laws and

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regulations and shall not be deemed to have breached their obligations set forth in this
Indenture by virtue thereof.

Section 4.11. Transactions with Affiliates.

          (a) The Company shall not, and shall not permit any of its Restricted Subsidiaries to, 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, understanding, loan, advance or guarantee with, or for the benefit of, any
Affiliate of the Company (each of the foregoing, an “Affiliate Transaction”) involving
aggregate payments or consideration in excess of $5.0 million, unless:

     (1) such Affiliate Transaction is on terms that are not materially less favorable to
the Company or its relevant Restricted Subsidiary than those that would have been obtained
in a comparable transaction by the Company or such Restricted Subsidiary with an unrelated
Person on an arm’s-length basis; and

     (2) with respect to any Affiliate Transaction or series of related Affiliate
Transactions involving aggregate payments or consideration in excess of $20.0 million, the
Company delivers to the Trustee a resolution adopted by the majority of the board of
directors of the Company approving such Affiliate Transaction and set forth in an Officer’s
Certificate certifying that such Affiliate Transaction complies with clause (1) of this
Section 4.11(a).

     (b) The provisions of Section 4.11(a) hereof shall not apply to the following:

     (1) transactions between or among the Company or any of its Restricted Subsidiaries;

     (2) Restricted Payments permitted by Section 4.07 hereof and the definition of
“Permitted Investments;”

     (3) the payment of management, consulting, monitoring and advisory fees and related
expenses to the Investors pursuant to the Sponsor Advisory Agreement;

     (4) the payment of reasonable and customary fees paid to, and indemnities provided on
behalf of, officers, directors, employees or consultants of the Company, any of its direct
or indirect parent companies or any of its Restricted Subsidiaries;

     (5) transactions in which the Company or any of its Restricted Subsidiaries, as the
case may be, delivers to the Trustee a letter from an Independent Financial Advisor stating
that such transaction is fair to the Company or such Restricted Subsidiary from a financial
point of view or stating that the terms are not materially less favorable to the Company or
its relevant Restricted Subsidiary than those that would have been obtained in a comparable
transaction by the Company or such Restricted Subsidiary with an unrelated Person on an
arm’s-length basis;

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     (6) any agreement as in effect as of the Issue Date, or any amendment thereto (so long
as any such amendment is not disadvantageous to the Company when taken as a whole as
compared to the applicable agreement as in effect on the Issue Date);

     (7) the existence of, or the performance by the Company or any of its Restricted
Subsidiaries of its obligations under the terms of, any stockholders agreement (including
any registration rights agreement or purchase agreement related thereto) to which it is a
party as of the Issue Date and any similar agreements which it may enter into thereafter;
provided, however, that the existence of, or the performance by the Company
or any of its Restricted Subsidiaries of obligations under any future amendment to any such
existing agreement or under any similar agreement entered into after the Issue Date shall
only be permitted by this clause (7) to the extent that the terms of any such amendment or
new agreement are not otherwise disadvantageous to the Holders when taken as a whole;

     (8) the Transactions and the payment of all fees and expenses related to the
Transactions, in each case as disclosed in the Offering Memorandum;

     (9) transactions with customers, clients, suppliers, or purchasers or sellers of goods
or services, in each case in the ordinary course of business and otherwise in compliance
with the terms of this Indenture, which are fair to the Company and its Restricted
Subsidiaries, in the reasonable determination of the board of directors of the Company or
the senior management thereof, or are on terms at least as favorable as are reasonably
likely to have been obtained at such time from an unaffiliated party;

     (10) the issuance of Equity Interests (other than Disqualified Stock) of the Company to
any Permitted Holder or to any director, officer, employee or consultant;

     (11) sales of accounts receivable, or participations therein, in connection with any
Receivables Facility;

     (12) payments by the Company or any of its Restricted Subsidiaries to any of the
Investors for financial advisory, financing, underwriting or placement services or in
respect of other investment banking activities, including, without limitation, in connection
with acquisitions or divestitures which payments are approved in good faith by a majority of
the board of directors of the Company;

     (13) payments or loans (or cancellation of loans) to employees or consultants of the
Company, any of its direct or indirect parent companies or any of its Restricted
Subsidiaries and employment agreements, stock option plans and other similar arrangements
with such employees or consultants which, in each case, are approved in good faith by the
Company; and

     (14) investments by the Investors in securities of the Company or any of its Restricted
Subsidiaries so long as (i) the investment is being offered generally to other

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investors on the same or more favorable terms and (ii) the investment constitutes less
than 5% of the proposed or outstanding issue amount of such class of securities.

Section 4.12. Liens.

          The Company shall not, and shall not permit any U.S. Issuer or Guarantor to, directly or
indirectly, create, incur, assume or suffer to exist any Lien (except Permitted Liens) that secures
obligations under any Indebtedness or any related Guarantee, on any asset or property of the
Company or any U.S. Issuer or Guarantor, or any income or profits therefrom, or assign or convey
any right to receive income therefrom, unless:

     (1) in the case of Liens securing Subordinated Indebtedness, the Notes and related
Guarantees are secured by a Lien on such property, assets or proceeds that is senior in
priority to such Liens; or

     (2) in all other cases, the Notes or the Guarantees are equally and ratably secured,
except that the foregoing shall not apply to (A) Liens securing Indebtedness incurred under
Credit Facilities, including any letter of credit facility relating thereto, pursuant to
clause (1) of Section 4.09(b) hereof, and (B) Liens securing Obligations in respect of any
Indebtedness incurred pursuant to Section 4.09 hereof; provided that, with respect
to Liens securing Obligations permitted under this subclause (B), at the time of incurrence
of and after giving pro forma effect thereto, the Consolidated Secured Debt Ratio would be
no greater than 3.5 to 1.0.

Section 4.13. Corporate Existence.

          Subject to Article 5 hereof, the Company shall do or cause to be done all things necessary to
preserve and keep in full force and effect (i) its corporate existence, and the corporate,
partnership or other existence of each of its Restricted Subsidiaries, in accordance with the
respective organizational documents (as the same may be amended from time to time) of the Company
or any such Restricted Subsidiary and (ii) the rights (charter and statutory), licenses and
franchises of the Company and its Restricted Subsidiaries; provided that the Company shall
not be required to preserve any such right, license or franchise, or the corporate, partnership or
other existence of any of its Restricted Subsidiaries, if the Company in good faith shall determine
that the preservation thereof is no longer desirable in the conduct of the business of the Company
and its Restricted Subsidiaries, taken as a whole.

Section 4.14. Offer to Repurchase Upon Change of Control.

          (a) If a Change of Control occurs, unless the Issuers have previously or concurrently mailed a
redemption notice with respect to all the outstanding Notes as set forth under Section 3.07 hereof,
the Issuers shall make an offer to purchase all of the Notes pursuant to the offer set forth below
(the “Change of Control Offer”) at a price in cash (the “Change of Control
Payment”) equal to 101 % of the aggregate principal amount thereof plus accrued and unpaid
interest and Additional 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 the relevant Interest

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Payment Date. Within 30 days following any Change of Control, the Issuers shall send notice
of such Change of Control Offer, with a copy to the Trustee, to each Holder of Notes by first-class
mail to the address of such Holder appearing in the security register or otherwise in accordance
with the procedures of DTC, with the following information:

     (1) that a Change of Control Offer is being made pursuant to this Section 4.14 and the
circumstances and relevant facts regarding such Change of Control;

     (2) the purchase price and the purchase date, which will be no earlier than 30 days nor
later than 60 days from the date of such notice (the “Change of Control Payment
Date”);

     (3) that all Notes properly tendered pursuant to such Change of Control Offer will be
accepted for payment by us, that any Note not properly tendered will remain outstanding and
continue to accrue interest, and that unless the Issuers default in the payment of the
Change of Control Payment, all Notes accepted for payment pursuant to the Change of Control
Offer will cease to accrue interest on the Change of Control Payment Date; and

     (4) the instructions, as determined by the Issuers, consistent with this Section 4.14,
that a Holder must follow in connection with the Change of Control Offer.

          The notice, if mailed in a manner herein provided, shall be conclusively presumed to have been
given, whether or not the Holder receives such notice. If (a) the notice is mailed in a manner
herein provided and (b) any Holder fails to receive such notice or a Holder receives such notice
but it is defective, such Holder’s failure to receive such notice or such defect shall not affect
the validity of the proceedings for the purchase of the Notes as to all other Holders that properly
received such notice without defect. The Issuers shall 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 or regulations are applicable in connection with the repurchase of Notes pursuant to a Change
of Control Offer. To the extent that the provisions of any securities laws or regulations conflict
with the provisions of this Section 4.14, the Issuers shall comply with the applicable securities
laws and regulations and shall not be deemed to have breached their obligations under this Section
4.14 by virtue thereof.

          (b) On the Change of Control Payment Date, the Issuers shall, to the extent permitted by law,

     (1) accept for payment all Notes or portions thereof properly tendered pursuant to the
Change of Control Offer,

     (2) deposit with the Paying Agent an amount equal to the aggregate Change of Control
Payment in respect of all Notes or portions thereof so tendered, and

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     (3) deliver, or cause to be delivered, to the Trustee for cancellation the Notes so
accepted together with an Officer’s Certificate to the Trustee stating that such Notes or
portions thereof have been tendered to and purchased by the Issuers.

          (c) The Issuers shall not be required to make a Change of Control Offer following a Change of
Control if a third party makes the Change of Control Offer in the manner, at the times and
otherwise in compliance with the requirements set forth in this Section 4.14 applicable to a Change
of Control Offer made by the Issuers and purchases all Notes validly tendered and not withdrawn
under such Change of Control Offer. Notwithstanding anything to the contrary herein, a Change of
Control Offer may be made in advance of a Change of Control, conditional upon completion of the
transaction constituting such Change of Control, if a definitive agreement is in place for the
Change of Control at the time of making of the Change of Control Offer.

          (d) Other than as specifically provided in this Section 4.14, any purchase pursuant to this
Section 4.14 shall be made pursuant to the provisions of Sections 3.02, 3.05 and 3.06 hereof.

Section 4.15. Limitation on Guarantees of Indebtedness by Restricted Subsidiaries.

          The Company shall not permit any of its Wholly Owned Subsidiaries that are Restricted
Subsidiaries (and non-Wholly Owned Subsidiaries if such non-Wholly Owned Subsidiaries guarantee
other Indebtedness), other than a U.S. Issuer or a Guarantor to guarantee the payment of any
Indebtedness of the Company or any Restricted Subsidiary unless:

     (1) such Restricted Subsidiary within 30 days executes and delivers a supplemental
indenture to this Indenture, the form of which is attached as Exhibit D hereto,
providing for a Guarantee by such Restricted Subsidiary, except that with respect to a
guarantee of Indebtedness of any Issuer or any Guarantor, if such Indebtedness is by its
express terms subordinated in right of payment to the Notes or such Guarantor’s Guarantee,
any such guarantee by such Restricted Subsidiary with respect to such Indebtedness shall be
subordinated in right of payment to such Guarantee substantially to the same extent as such
Indebtedness is subordinated to the Notes;

     (2) such Restricted Subsidiary waives and shall not in any manner whatsoever claim or
take the benefit or advantage of, any rights of reimbursement, indemnity or subrogation or
any other rights against the Company or any other Restricted Subsidiary as a result of any
payment by such Restricted Subsidiary under its Guarantee; and

     (3) such Restricted Subsidiary shall deliver to the Trustee an Opinion of Counsel to
the effect that:

     (a) such Guarantee has been duly executed and authorized; and

     (b) such Guarantee constitutes a valid, binding and enforceable obligation of
such Restricted Subsidiary, except insofar as enforcement thereof

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may be limited by bankruptcy, insolvency or similar laws (including, without
limitation, all laws relating to fraudulent transfers) and except insofar as
enforcement thereof is subject to general principles of equity;

provided, however, that this Section 4.15 shall not be applicable to any guarantee
of any Restricted Subsidiary that existed at the time such Person became a Restricted Subsidiary
and was not incurred in connection with, or in contemplation of, such Person becoming a Restricted
Subsidiary.

Section 4.16. Suspension of Covenants.

          (a) During any period of time that (i) the Notes have Investment Grade Ratings from both
Rating Agencies and (ii) no Default or Event of Default has occurred and is continuing under this
Indenture (the occurrence of the events set forth in the foregoing clauses (i) and (ii) being
collectively referred to as a “Covenant Suspension Event”), the Company and the Restricted
Subsidiaries will not be subject to Sections 4.07, 4.08, 4.09, 4.10, 4.11, 4.15 and clause (4) of
Section 5.01(a) hereof (collectively, the “Suspended Covenants”). Upon the occurrence of a
Covenant Suspension Event, the amount of Excess Proceeds from Net Proceeds shall be reset at zero.
The Guarantees of the Guarantors will be suspended as of such date (the “Suspension Date”).

          (b) In the event that the Company and the Restricted Subsidiaries are not subject to the
Suspended Covenants under this Indenture for any period of time as a result of the foregoing, and
on any subsequent date (the “Reversion Date”) one or both of the Rating Agencies withdraws
its Investment Grade Rating or downgrades the rating assigned to the Notes below an Investment
Grade Rating, then the Company and the Restricted Subsidiaries shall thereafter again be subject to
the Suspended Covenants under this Indenture with respect to future events and the Guarantees will
be reinstated. The period of time between the Suspension Date and the Reversion Date is referred to
in this description as the “Suspension Period.” Notwithstanding that the Suspended
Covenants may be reinstated, no Default or Event of Default will be deemed to have occurred as a
result of a failure to comply with the Suspended Covenants during the Suspension Period (or upon
termination of the Suspension Period or after that time based solely on events that occurred during
the Suspension Period). The Issuers shall deliver promptly to the Trustee an Officer’s Certificate
notifying it of any such occurrence under this Section 4.16.

          (c) During any Suspension Period, the Company will not, and will not permit any Restricted
Subsidiary to, enter into any Sale and Lease-Back Transaction; provided, however,
that the Company or any Restricted Subsidiary may enter into a Sale and Lease-Back Transaction if:

	 	(a)	 	the Company or such Restricted Subsidiary could have incurred a Lien to secure
the Indebtedness attributable to such Sale and Lease-Back Transaction pursuant to
Section 4.12 hereof without equally and ratably securing the Notes pursuant to the
covenant set forth under such covenant; and

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	 	(b)	 	the consideration received by the Company or such Restricted Subsidiary in that
Sale and Lease-Back Transaction is at least equal to the fair market value of the
property sold and otherwise complies with Section 4.10 hereof;

provided further, that the foregoing provisions shall cease to apply on and
subsequent to the Reversion Date following such Suspension Period.

          On the Reversion Date, all Indebtedness incurred, or Disqualified Stock issued, during the
Suspension Period will be classified to have been incurred or issued pursuant to Section
4.09(b)(3). Calculations made after the Reversion Date of the amount available to be made as
Restricted Payments under Section 4.07 hereof will be made as though Section 4.07 hereof had been
in effect since the Issue Date and prior to, but not during, the Suspension Period.

Section 4.17. Additional Amounts.

          All payments of, or in respect of, principal of, and premium and interest on, the Notes or
under the Guarantees will be made without withholding or deduction for, or on account of, any
present or future taxes, duties, assessments or governmental charges of whatever nature imposed or
levied by or on behalf of the Republic of Singapore, including any political subdivision or taxing
authority thereof, or any other jurisdiction in which any Guarantor is organized or resident for
tax purposes or from or through which payment is made, other than the United States or any State or
taxing authority thereof (including, in each case, any political subdivision thereof) (the
“Relevant Jurisdiction”) or any authority thereof or therein having power to tax unless
these taxes, duties, assessments or governmental charges are required to be withheld or deducted.
In that event, the Issuers (or the Guarantor, as the case may be), jointly and severally, agree to
pay such additional amount as will result (after deduction of such taxes, duties, assessments or
governmental charges and any additional taxes, duties, assessments or governmental charges of the
Relevant Jurisdiction) in the payment to each Holder of a Note of the amounts that would have been
payable in respect of such Notes or under the Guarantees had no withholding or deduction been
required (such amounts, “Additional Amounts”), except that no Additional Amounts shall be
payable for or on account of:

	 	(1)	 	any tax, duty, assessment or other governmental charge that would not have been
imposed but for the fact that such Holder:

	 	(a)	 	is or has been a domiciliary, national or resident of, engages
or has been engaged in business, maintains or has maintained a permanent
establishment, or is or has been physically present in Singapore or the other
jurisdiction, or otherwise has or has had some connection with the Relevant
Jurisdiction other than the mere ownership of, or receipt of payment under,
such Note or under the Guarantees (including, without limitation, the Holder
being a resident in the Relevant Jurisdiction for tax purposes); or
	 
	 	(b)	 	presented such Note more than 30 days after the date on which
the payment in respect of such Note first became due and payable or provided
for, whichever is later, except to the extent that the Holder would have been

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	 	 	 	entitled to such Additional Amounts if it had presented such Note for
payment on any day within such period of 30 days;

	 	(2)	 	any estate, inheritance, gift, sale, transfer, personal property or similar
tax, assessment or other governmental charge;
	 
	 	(3)	 	any tax, duty, assessment or other governmental charge which is payable
otherwise than by deduction or withholding from payment of interest, principal or
premium on the Notes or under the Guarantees;
	 
	 	(4)	 	any tax, duty, assessment or other governmental charge that is imposed or
withheld by reason of the failure to duly and timely comply by the Holder or the
beneficial owner of a Note with a request by the Company addressed to the Holder (A) to
provide information concerning the nationality, residence, identity or connection with
the Relevant Jurisdiction of the Holder or such beneficial owner or connection with the
Relevant Jurisdiction or (B) to make any declaration or other similar claim or satisfy
any information or reporting requirement, which, in the case of (A) and (B), is
required or imposed by a statute, treaty, regulation or administrative practice of the
taxing jurisdiction as a precondition to exemption from all or part of such tax, duty,
assessment or other governmental charge;
	 
	 	(5)	 	any payment of the principal of or premium or interest on any Note to any
Holder who is a fiduciary or partnership or person other than the sole beneficial owner
of the payment to the extent that, if the beneficial owner had held the Note directly,
such beneficial owner would not have been entitled to the Additional Amounts;
	 
	 	(6)	 	except in the case of a winding up of the Company, any tax, duty, assessment or
other governmental charge which would not have been imposed but for the presentation of
a Note for payment (where presentation is required) in the Relevant Jurisdiction
(unless by reason of the Company’s actions, presentment could not have been made
elsewhere); or
	 
	 	(7)	 	any combination of the items listed above.

          Such Additional Amounts will also not be payable where, had the beneficial owner of the Note
been the Holder, it would not have been entitled to payment of Additional Amounts by reason of
clauses (1) through (7) above.

          If any taxes are required to be deducted or withheld from payments on the Notes or under the
Guarantees, the Company shall promptly provide a receipt of the payment of such taxes (or if such
receipt is not available, any other evidence of payment reasonably acceptable to the Trustee).

          Any reference herein to the payment of the principal or interest on any Note shall be deemed
to include the payment of Additional Amounts provided for in this Indenture to the

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extent that, in such context, Additional Amounts are, were or would be payable under this
Indenture.

ARTICLE 5

SUCCESSORS

Section 5.01. Merger, Consolidation or Sale of All or Substantially All Assets.

          (a) The Company shall not consolidate or merge with or into or wind up into (whether or not
the Company is the surviving Person), or sell, assign, transfer, lease, convey or otherwise dispose
of all or substantially all of its properties or assets, in one or more related transactions, to
any Person unless:

     (1) either: (x) the Company is the surviving Person; or (y) the Person formed by or
surviving any such consolidation or merger (if other than the Company) or to which such
sale, assignment, transfer, lease, conveyance or other disposition will have been made is a
Person organized or existing under the laws of the jurisdiction of organization of the
Company or the laws of the Republic of Singapore or of the United States, any state thereof,
the District of Columbia, or any territory thereof (such Person, as the case may be, being
herein called the “Successor Company”);

     (2) the Successor Company, if other than the Company, expressly assumes all the
obligations of the Company under the Notes pursuant to supplemental indentures or other
documents or instruments in form reasonably satisfactory to the Trustee;

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

     (4) immediately after giving pro forma effect to such transaction and any related
financing transactions, as if such transactions had occurred at the beginning of the
applicable four-quarter period,

     (A) the Successor Company would be 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) hereof, or

     (B) the Fixed Charge Coverage Ratio for the Successor Company, the Company and
its Restricted Subsidiaries would be greater than such Ratio for the Company and its
Restricted Subsidiaries immediately prior to such transaction;

     (5) each U.S. Issuer and Guarantor, unless it is the other party to the transactions
set forth above, in which case Section 5.01(c)(1)(B) hereof shall apply, shall have by
supplemental indenture confirmed that its obligations under this Indenture and the Notes or
Guarantee, as the case may be, shall apply to such Person’s obligations under this
Indenture, the Notes and the Registration Rights Agreement;

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     (6) if the merging corporation is organized and existing under the laws of the Republic
of Singapore and the Successor Company is organized and existing under the laws of the
United States of America, any state thereof, the District of Columbia or any territory
thereof or if the merging corporation is organized and existing under the laws of the United
States of America, any state thereof, the District of Columbia or any territory thereof and
the Successor Company is organized and existing under the laws of the Republic of Singapore,
the Company shall have delivered to the Trustee an Opinion of Counsel that the holders of
the Notes will not recognize income, gain or loss for U.S. federal income tax purposes as a
result of the transaction and will be taxed for U.S. federal income tax purposes on the same
amounts and at the same times as would have been the case if the transaction had not
occurred;

     (7) in the event that the Successor Company is organized and existing under the laws of
a jurisdiction other than the merging corporation’s jurisdiction and an opinion is not
delivered pursuant to clause (6) above, the Successor Company shall agree to withhold any
taxes, duties, assessments or similar charges that arise as a consequence of such
consolidation, merger or sale with respect to the payment of principal, premium or interest
on the Notes or Guarantees and to pay such additional amounts as may be necessary to ensure
that the net amounts receivable by holders of the Notes after any such withholding or
deduction will equal the respective amounts of principal, premium and interest which would
have been receivable in respect of the Notes in the absence of such consolidation, merger or
sale, to the extent such additional amounts would be required by and subject to the terms
(including all relevant exceptions) contained in Section 4.17 hereof; and

     (8) the Company shall have delivered to the Trustee an Officer’s Certificate and an
Opinion of Counsel, each stating that such consolidation, merger or transfer and such
supplemental indentures, if any, comply with this Indenture.

          (b) The Successor Company shall succeed to, and be substituted for the Company, as the case
may be, under this Indenture, the Guarantees and the Notes, as applicable. Notwithstanding clauses
(3) and (4) of Section 5.01 (a) hereof,

     (x) any Restricted Subsidiary may consolidate with or merge into or transfer all or
part of its properties and assets to the Company, and

     (y) the Company may merge with an Affiliate of the Company solely for the purpose of
reincorporating the Company in a state of the United States, the District of Columbia, any
territory thereof or the Republic of Singapore so long as the amount of Indebtedness of the
Company and its Restricted Subsidiaries is not increased thereby.

          (c) Subject to certain limitations set forth in this Indenture governing release of a U.S.
Issuer from its obligations under this Indenture and the Notes and a Guarantor from its Guarantee
upon the sale, disposition or transfer of a guarantor, no U.S. Issuer or Guarantor shall, and the
Company shall not permit any U.S. Issuer or Guarantor to, consolidate or merge with or into or wind
up into (whether or not an Issuer or Guarantor is the surviving corporation), or sell,

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assign, transfer, lease, convey or otherwise dispose of all or substantially all of its
properties or assets, in one or more related transactions, to any Person unless:

     (1) (A) such U.S. Issuer or Guarantor is the surviving corporation or the Person formed
by or surviving any such consolidation or merger (if other than such U.S. Issuer or
Guarantor) or to which such sale, assignment, transfer, lease, conveyance or other
disposition will have been made is a corporation organized or existing under the laws of the
jurisdiction of organization of such U.S. Issuer or Guarantor, as the case may be, or the
laws of the Republic of Singapore, or of the United States, any state thereof, the District
of Columbia, or any territory thereof (such Guarantor or such Person, as the case may be,
being herein called the “Successor Person”);

     (B) the Successor Person, if other than such U.S. Issuer or Guarantor, expressly
assumes all the obligations of such U.S. Issuer or Guarantor under this Indenture and such
Guarantor’s related Guarantee pursuant to supplemental indentures or other documents or
instruments in form reasonably satisfactory to the Trustee;

     (C) immediately after giving effect to such transaction, no Default or Event of Default
exists; and

     (D) the Company shall have delivered to the Trustee an Officer’s Certificate and an
Opinion of Counsel, each stating that such consolidation, merger or transfer and such
supplemental indentures, if any, comply with this Indenture; or

     (2) the transaction is made in compliance with Section 4.10 hereof.

          (d) Subject to certain limitations set forth in this Indenture, the Successor Person shall
succeed to, and be substituted for, such U.S. Issuer or Guarantor under this Indenture and such
Guarantor’s Guarantee. Notwithstanding the foregoing, any U.S. Issuer or Guarantor may merge into
or transfer all or part of its properties and assets to another U.S. Issuer or Guarantor or the
Company.

Section 5.02. Successor Corporation Substituted.

          Upon any consolidation or merger, 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 hereof, the successor corporation formed by such consolidation or into or with 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 (so that from and after the date of
such consolidation, merger, sale, lease, conveyance or other disposition, the provisions of this
Indenture referring to the Company shall refer instead to the successor corporation and not to the
Company), and may exercise every right and power of the Company under this Indenture with the same
effect as if such successor Person had been named as the Company herein; provided that the
predecessor Company shall not be relieved from the obligation to pay the principal of and interest
and Additional Interest, if any, on the Notes except

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in the case of a sale, assignment, transfer, conveyance or other disposition of all of the
Company’s assets that meets the requirements of Section 5.01 hereof.

ARTICLE 6

DEFAULTS AND REMEDIES

Section 6.01. Events of Default.

          (a) An “Event of Default” wherever used herein, means any one of the following events
(whatever the reason for such Event of Default and whether it shall be voluntary or involuntary or
be effected by operation of law or pursuant to any judgment, decree or order of any court or any
order, rule or regulation of any administrative or governmental body):

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

     (2) default for 30 days or more in the payment when due of interest or Additional
Interest on or with respect to the Notes;

     (3) failure by any Issuer or any Guarantor for 60 days after receipt of written notice
given by the Trustee or the Holders of not less than 30% in principal amount of the Notes to
comply with any of its obligations, covenants or agreements (other than a default referred
to in clauses (1) and (2) above) contained in this Indenture or the Notes;

     (4) default under any mortgage, indenture or instrument under which there is issued or
by which there is secured or evidenced any Indebtedness for money borrowed by the Company or
any of its Restricted Subsidiaries or the payment of which is guaranteed by the Company or
any of its Restricted Subsidiaries, other than Indebtedness owed to the Company or a
Restricted Subsidiary, whether such Indebtedness or guarantee now exists or is created after
the issuance of the Notes, if both:

     (a) such default either results from the failure to pay any principal of such
Indebtedness at its Stated Maturity (after giving effect to any applicable grace
periods) or relates to an obligation other than the obligation to pay principal of
any such Indebtedness at its Stated Maturity and results in the holder or holders of
such Indebtedness causing such Indebtedness to become due prior to its Stated
Maturity; and

     (b) the principal amount of such Indebtedness, together with the principal
amount of any other such Indebtedness in default for failure to pay principal at its
Stated Maturity (after giving effect to any applicable grace periods), or the
maturity of which has been so accelerated, aggregate $50.0 million or more at any
one time outstanding;

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     (5) failure by the Company or any Significant Subsidiary to pay final judgments
aggregating in excess of $50.0 million, which final judgments remain unpaid, undischarged
and unstayed for a period of more than 60 days after such judgment becomes final, and in the
event such judgment is covered by insurance, an enforcement proceeding has been commenced by
any creditor upon such judgment or decree which is not promptly stayed;

     (6) the Company or any of its Restricted Subsidiaries that is a Significant Subsidiary
or any group of Restricted Subsidiaries that, taken together, would constitute a Significant
Subsidiary, pursuant to or within the meaning of any Bankruptcy Law:

     (a) commences proceedings to be adjudicated bankrupt or insolvent;

     (b) consents to the institution of bankruptcy or insolvency proceedings against
it, or the filing by it of a petition or answer or consent seeking reorganization or
relief under applicable Bankruptcy Law;

     (c) consents to the appointment of a receiver, liquidator, assignee, trustee,
sequestrator or other similar official of it or for all or substantially all of its
property;

     (d) makes a general assignment for the benefit of its creditors; or

     (e) generally is not paying its debts as they become due;

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

     (a) is for relief against the Company or any of its Restricted Subsidiaries
that is a Significant Subsidiary or any group of Restricted Subsidiaries that, taken
together, would constitute a Significant Subsidiary, in a proceeding in which the
Company or any such Restricted Subsidiaries, that is a Significant Subsidiary or any
group of Restricted Subsidiaries that, taken together, would constitute a
Significant Subsidiary, is to be adjudicated bankrupt or insolvent;

     (b) appoints a receiver, liquidator, assignee, trustee, sequestrator or other
similar official of the Company or any of its Restricted Subsidiaries that is a
Significant Subsidiary or any group of Restricted Subsidiaries that, taken together,
would constitute a Significant Subsidiary, or for all or substantially all of the
property of the Company or any of its Restricted Subsidiaries that is a Significant
Subsidiary or any group of Restricted Subsidiaries that, taken together, would
constitute a Significant Subsidiary; or

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     (c) orders the liquidation of the Company or any of its Restricted Subsidiaries
that is a Significant Subsidiary or any group of Restricted Subsidiaries that, taken
together, would constitute a Significant Subsidiary;

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

     (8) the Guarantee of any Significant Subsidiary shall for any reason cease to be in
full force and effect or be declared null and void or any responsible officer of any
Guarantor that is a Significant Subsidiary, as the case may be, denies that it has any
further liability under its Guarantee or gives notice to such effect, other than by reason
of the termination of this Indenture or the release of any such Guarantee in accordance with
this Indenture.

          (b) In the event of any Event of Default specified in clause (4) of Section 6.01(a) hereof,
such Event of Default and all consequences thereof (excluding any resulting payment default, other
than as a result of acceleration of the Notes) shall be annulled, waived and rescinded,
automatically and without any action by the Trustee or the Holders, if within 20 days after such
Event of Default arose:

     (1) the Indebtedness or guarantee that is the basis for such Event of Default has been
discharged; or

     (2) Holders thereof have rescinded or waived the acceleration, notice or action (as the
case may be) giving rise to such Event of Default; or

     (3) the default that is the basis for such Event of Default has been cured.

Section 6.02. Acceleration.

          If any Event of Default (other than an Event of Default specified in clause (6) or (7) of
Section 6.01(a) hereof) occurs and is continuing under this Indenture, the Trustee or the Holders
of at least 30% in principal amount of the then total outstanding Notes may declare the principal,
premium, if any, interest and any other monetary obligations on all the then outstanding Notes to
be due and payable immediately. Upon the effectiveness of such declaration, such principal and
interest shall be due and payable immediately. The Trustee shall have no obligation to accelerate
the Notes if and so long as a committee of its Responsible Officers in good faith determines
acceleration is not in the best interest of the Holders of the Notes.

          Notwithstanding the foregoing, in the case of an Event of Default arising under clause (6) or
(7) of Section 6.01(a) hereof, all outstanding Notes shall be due and payable immediately without
further action or notice.

          The Holders of a majority in aggregate principal amount of the then outstanding Notes by
written notice to the Trustee may on behalf of all of the Holders rescind an acceleration and its
consequences if the rescission would not conflict with any judgment or decree and if all

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existing Events of Default (except nonpayment of principal, interest, Additional Interest, if
any, or premium that has become due solely because of the acceleration) have been cured or waived.

Section 6.03. Other Remedies.

          If an Event of Default occurs and is continuing, the Trustee may pursue any available remedy
to collect the payment of principal, premium, if any, and interest on the Notes or to enforce the
performance of any provision of the Notes or this Indenture.

          The Trustee may maintain a proceeding even if it does not possess any of the Notes or does not
produce any of them in the proceeding. A delay or omission by the Trustee or any Holder of a Note
in exercising any right or remedy accruing upon an Event of Default shall not impair the right or
remedy or constitute a waiver of or acquiescence in the Event of Default. All remedies are
cumulative to the extent permitted by law.

Section 6.04. Waiver of Past Defaults.

          Holders of not less than a majority in aggregate principal amount of the then outstanding
Notes by notice to the Trustee may on behalf of the Holders of all of the Notes waive any existing
Default and its consequences hereunder, except a continuing Default in the payment of the principal
of, premium, if any, Additional Interest, if any, or interest on, any Note held by a non-consenting
Holder (including in connection with an Asset Sale Offer or a Change of Control Offer);
provided, subject to Section 6.02 hereof, that the Holders of a majority in aggregate
principal amount of the then outstanding Notes may rescind an acceleration and its consequences,
including any related payment default that resulted from such acceleration. Upon any such waiver,
such Default shall cease to exist, and any Event of Default arising therefrom shall be deemed to
have been cured for every purpose of this Indenture; but no such waiver shall extend to any
subsequent or other Default or impair any right consequent thereon.

Section 6.05. Control by Majority.

          Holders of a majority in principal amount of the then total outstanding Notes may direct the
time, method and place of conducting any proceeding for any remedy available to the Trustee or of
exercising any trust or power conferred on the Trustee. The Trustee, however, may refuse to follow
any direction that conflicts with law or this Indenture or that the Trustee determines is unduly
prejudicial to the rights of any other Holder of a Note or that would involve the Trustee in
personal liability.

Section 6.06. Limitation on Suits.

          Subject to Section 6.07 hereof, no Holder of a Note may pursue any remedy with respect to this
Indenture or the Notes unless:

     (1) such Holder has previously given the Trustee notice that an Event of Default is
continuing;

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     (2) Holders of at least 30% in principal amount of the total outstanding Notes have
requested the Trustee to pursue the remedy;

     (3) Holders of the Notes have offered the Trustee reasonable security or indemnity
against any loss, liability or expense;

     (4) the Trustee has not complied with such request within 60 days after the receipt
thereof and the offer of security or indemnity; and

     (5) Holders of a majority in principal amount of the total outstanding Notes have not
given the Trustee a direction inconsistent with such request within such 60-day period.

          A Holder of a Note may not use this Indenture to prejudice the rights of another Holder of a
Note or to obtain a preference or priority over another Holder of a Note.

Section 6.07. Rights of Holders of Notes to Receive Payment.

          Notwithstanding any other provision of this Indenture, the right of any Holder of a Note to
receive payment of principal, premium, if any, and Additional Interest, if any, and interest on the
Note, on or after the respective due dates expressed in the Note (including in connection with an
Asset Sale Offer or a Change of Control Offer), or to bring suit for the enforcement of any such
payment on or after such respective dates, shall not be impaired or affected without the consent of
such Holder.

Section 6.08. Collection Suit by Trustee.

          If an Event of Default specified in Section 6.01(a)(1) or (2) hereof occurs and is continuing,
the Trustee is authorized to recover judgment in its own name and as trustee of an express trust
against the Issuers for the whole amount of principal of, premium, if any, and Additional Interest,
if any, and interest remaining unpaid on the Notes and interest on overdue principal and, to the
extent lawful, interest and 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.

Section 6.09. 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, subject to
any determination in such proceedings, the Issuers, the Trustee and the Holders shall be restored
severally and respectively to their former positions hereunder and thereafter all rights and
remedies of the Trustee and the Holders shall continue as though no such proceeding has been
instituted.

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Section 6.10. Rights and Remedies Cumulative.

          Except as otherwise provided with respect to the replacement or payment of mutilated,
destroyed, lost or stolen Notes in Section 2.07 hereof, no right or remedy herein conferred upon or
reserved to the Trustee or to the Holders is intended to be exclusive of any other right or remedy,
and every right and remedy shall, to the extent permitted by law, be cumulative and in addition to
every other right and remedy given hereunder or now or hereafter existing at law or in equity or
otherwise. The assertion or employment of any right or remedy hereunder, or otherwise, shall not
prevent the concurrent assertion or employment of any other appropriate right or remedy.

Section 6.11. Delay or Omission Not Waiver.

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

Section 6.12. Trustee May File Proofs of Claim.

          The Trustee is authorized to file such proofs of claim and 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 the Holders of the Notes allowed in any judicial proceedings relative to the Issuers
(or any other obligor upon the Notes including the Guarantors), its creditors or its property and
shall be entitled and empowered to participate as a member in any official committee of creditors
appointed in such matter and to collect, receive and distribute any money or other property payable
or deliverable on any such claims and any custodian in any such judicial proceeding is hereby
authorized by each Holder to make such payments to the Trustee, and in the event that the Trustee
shall consent to the making of such payments directly to the Holders, to pay to the Trustee any
amount due to it for the reasonable compensation, expenses, disbursements and advances of the
Trustee, its agents and counsel, and any other amounts due the Trustee under Section 7.07 hereof.
To the extent that the payment of any such compensation, expenses, disbursements and advances of
the Trustee, its agents and counsel, and any other amounts due the Trustee under Section 7.07
hereof out of the estate in any such proceeding, shall be denied for any reason, payment of the
same shall be secured by a Lien on, and shall be paid out of, any and all distributions, dividends,
money, securities and other properties that the Holders may be entitled to receive in such
proceeding whether in liquidation or under any plan of reorganization or arrangement or otherwise.
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 Notes or the rights of any Holder, or to authorize the Trustee to vote in
respect of the claim of any Holder in any such proceeding.

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Section 6.13. Priorities.

          If the Trustee collects any money pursuant to this Article 6, it shall pay out the money in
the following order:

     (i) to the Trustee, its agents and attorneys for amounts due under Section 7.07 hereof,
including payment of all compensation, expenses and liabilities incurred, and all advances
made, by the Trustee and the costs and expenses of collection;

     (ii) to Holders of Notes for amounts due and unpaid on the Notes for principal,
premium, if any, and Additional Interest, if any, and interest, ratably, without preference
or priority of any kind, according to the amounts due and payable on the Notes for
principal, premium, if any, and Additional Interest, if any, and interest, respectively; and

     (iii) to the Issuers or to such party as a court of competent jurisdiction shall direct
including a Guarantor, if applicable.

          The Trustee may fix a record date and payment date for any payment to Holders of Notes
pursuant to this Section 6.13.

Section 6.14. Undertaking for Costs.

          In any suit for the enforcement of any right or remedy under this Indenture or in any suit
against the Trustee for any action taken or omitted by it as a Trustee, a court in its discretion
may require the filing by any party litigant in the suit of an undertaking to pay the costs of the
suit, and the court in its discretion may assess reasonable costs, including reasonable attorneys’
fees, against any party litigant in the suit, having due regard to the merits and good faith of the
claims or defenses made by the party litigant. This Section 6.14 does not apply to a suit by the
Trustee, a suit by a Holder of a Note pursuant to Section 6.07 hereof, or a suit by Holders of more
than 10% in principal amount of the then outstanding Notes.

ARTICLE 7

TRUSTEE

Section 7.01. Duties of Trustee.

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

          (b) Except during the continuance of an Event of Default:

     (i) the duties of the Trustee shall be determined solely by the express
provisions of this Indenture and the Trustee need perform only those duties that

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are specifically set forth in this Indenture and no others, and no implied
covenants or obligations shall be read into this Indenture against the Trustee; and

     (ii) in the absence of bad faith on its part, the Trustee may conclusively
rely, as to the truth of the statements and the correctness of the opinions
expressed therein, upon certificates or opinions furnished to the Trustee and
conforming to the requirements of this Indenture. However, in the case of any such
certificates or opinions which by any provision hereof are specifically required to
be furnished to the Trustee, the Trustee shall examine the certificates and opinions
to determine whether or not they conform to the requirements of this Indenture.

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

     (i) this paragraph does not limit the effect of paragraph (b) of this Section
7.01;

     (ii) the Trustee shall not be liable for any error of judgment made in good
faith by a Responsible Officer, unless it is proved in a court of competent
jurisdiction that the Trustee was negligent in ascertaining the pertinent facts; and

     (iii) the Trustee shall not be liable with respect to any action it takes or
omits to take in good faith in accordance with a direction received by it pursuant
to Section 6.05 hereof.

          (d) Whether or not therein expressly so provided, every provision of this Indenture that in
any way relates to the Trustee is subject to paragraphs (a), (b) and (c) of this Section 7.01.

          (e) The Trustee shall be under no obligation to exercise any of its rights or powers under
this Indenture at the request or direction of any of the Holders of the Notes unless the Holders
have offered to the Trustee reasonable indemnity or security against any loss, liability or
expense.

          (f) The Trustee shall not be liable for interest on any money received by it except as the
Trustee may agree in writing with the Issuers. Money held in trust by the Trustee need not be
segregated from other funds except to the extent required by law.

Section 7.02. Rights of Trustee.

          (a) The Trustee may conclusively rely upon any document believed by it to be genuine and to
have been signed or presented by the proper Person. The Trustee need not investigate any fact or
matter stated in the 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

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examine the books, records and premises of the Issuers, personally or by agent or attorney at
the sole cost of the Issuers and shall incur no liability or additional liability of any kind by
reason of such inquiry or investigation.

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

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

          (d) The Trustee shall not be liable for any action it takes or omits to take in good faith
that it believes to be authorized or within the rights or powers conferred upon it by this
Indenture.

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

          (f) None of the provisions of this Indenture shall require the Trustee to expend or risk its
own funds or otherwise to incur any liability, financial or otherwise, 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 indemnity satisfactory to it against such
risk or liability is not assured to it.

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

          (h) In no event shall the Trustee be responsible or liable for special, indirect, or
consequential loss or damage of any kind whatsoever (including, but not limited to, loss of profit)
irrespective of whether the Trustee has been advised of the likelihood of such loss or damage and
regardless of the form of action.

          (i) 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 to act hereunder.

          (j) In the event the Issuers are required to pay Additional Interest, the Issuers will provide
written notice to the Trustee of the Issuers’ obligation to pay Additional Interest no

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later than 15 days prior to the next Interest Payment Date, which notice shall set forth the
amount of the Additional Interest to be paid by the Issuers. The Trustee shall not at any time be
under any duty or responsibility to any Holders to determine whether the Additional Interest is
payable and the amount thereof.

Section 7.03. Individual Rights of Trustee.

          The Trustee in its individual or any other capacity may become the owner or pledgee of Notes
and may otherwise deal with the Issuers or any Affiliate of the Issuers with the same rights it
would have if it were not Trustee. However, in the event that the Trustee acquires any conflicting
interest it must eliminate such conflict within 90 days, apply to the SEC for permission to
continue as trustee or resign. Any Agent may do the same with like rights and duties. The Trustee
is also subject to Sections 7.10 and 7.11 hereof.

Section 7.04. Trustee’s Disclaimer.

          The Trustee shall not be responsible for and makes no representation as to the validity or
adequacy of this Indenture or the Notes, it shall not be accountable for the Issuers’ use of the
proceeds from the Notes or any money paid to the Issuers or upon the Issuers’ direction under any
provision of this Indenture, it shall not be responsible for the use or application of any money
received by any Paying Agent other than the Trustee, and it shall not be responsible for any
statement or recital herein or any statement in the Notes or any other document in connection with
the sale of the Notes or pursuant to this Indenture other than its certificate of authentication.

Section 7.05. Notice of Defaults.

          If a Default occurs and is continuing and if it is known to the Trustee, the Trustee shall
mail to Holders of Notes a notice of the Default within 90 days after it occurs. Except in the
case of a Default relating to the payment of principal, premium, if any, or interest on any Note,
the Trustee may withhold from the Holders notice of any continuing Default if and so long as a
committee of its Responsible Officers in good faith determines that withholding the notice is in
the interests of the Holders of the Notes. The Trustee shall not be deemed to know of any Default
unless a Responsible Officer of the Trustee has actual knowledge thereof or unless written notice
of any event which is such a Default is received by the Trustee at the Corporate Trust Office of
the Trustee.

Section 7.06. Reports by Trustee to Holders of the Notes.

          Within 60 days after each May 15, beginning with the May 15 following the Issue Date, and for
so long as Notes remain outstanding, the Trustee shall mail to the Holders of the Notes a brief
report dated as of such reporting date that complies with Trust Indenture Act Section 313(a) (but
if no event described in Trust Indenture Act Section 313(a) has occurred within the twelve months
preceding the reporting date, no report need be transmitted). The Trustee also shall comply with
Trust Indenture Act Section 313(b)(2). The Trustee shall also transmit by mail all reports as
required by Trust Indenture Act Section 313(c).

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          A copy of each report at the time of its mailing to the Holders of Notes shall be mailed to
the Issuers and filed with the SEC and each stock exchange on which the Notes are listed in
accordance with Trust Indenture Act Section 313(d). The Issuers shall promptly notify the Trustee
when the Notes are listed on any stock exchange.

Section 7.07. Compensation and Indemnity.

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

          The Issuers and the Guarantors, jointly and severally, shall indemnify the Trustee for, and
hold the Trustee harmless against, any and all loss, damage, claims, liability or expense
(including attorneys’ fees) incurred by it in connection with the acceptance or administration of
this trust and the performance of its duties hereunder (including the costs and expenses of
enforcing this Indenture against the Issuers or any of the Guarantors (including this Section 7.07)
or defending itself against any claim whether asserted by any Holder, the Issuers or any Guarantor,
or liability in connection with the acceptance, exercise or performance of any of its powers or
duties hereunder). The Trustee shall notify the Issuers promptly of any claim for which it may
seek indemnity. Failure by the Trustee to so notify the Issuers shall not relieve the Issuers of
their obligations hereunder. The Issuers shall defend the claim and the Trustee may have separate
counsel and the Issuers shall pay the fees and expenses of such counsel. The Issuers need not
reimburse any expense or indemnify against any loss, liability or expense incurred by the Trustee
through the Trustee’s own willful misconduct, negligence or bad faith.

          The obligations of the Issuers under this Section 7.07 shall survive the satisfaction and
discharge of this Indenture or the earlier resignation or removal of the Trustee.

          To secure the payment obligations of the Issuers and the Guarantors in this Section 7.07, the
Trustee shall have a Lien prior to the Notes on all money or property held or collected by the
Trustee, except that held in trust to pay principal and interest on particular Notes. Such Lien
shall survive the satisfaction and discharge of this Indenture.

          When the Trustee incurs expenses or renders services after an Event of Default specified in
Section 6.01(a)(6) or (7) hereof occurs, the expenses and the compensation for the services
(including the fees and expenses of its agents and counsel) are intended to constitute expenses of
administration under any Bankruptcy Law.

          The Trustee shall comply with the provisions of Trust Indenture Act Section 313(b)(2) to the
extent applicable.

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Section 7.08. Replacement of Trustee.

          A resignation or removal of the Trustee and appointment of a successor Trustee shall become
effective only upon the successor Trustee’s acceptance of appointment as provided in this Section
7.08. The Trustee may resign in writing at any time and be discharged from the trust hereby
created by so notifying the Issuers. The Holders of a majority in principal amount of the then
outstanding Notes may remove the Trustee by so notifying the Trustee and the Issuers in writing.
The Issuers may remove the Trustee if:

          (a) the Trustee fails to comply with Section 7.10 hereof;

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

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

          (d) the Trustee becomes incapable of acting.

          If the Trustee resigns or is removed or if a vacancy exists in the office of Trustee for any
reason, the Issuers shall promptly appoint a successor Trustee. Within one year after the
successor Trustee takes office, the Holders of a majority in principal amount of the then
outstanding Notes may appoint a successor Trustee to replace the successor Trustee appointed by the
Issuers.

          If a successor Trustee does not take office within 60 days after the retiring Trustee resigns
or is removed, the retiring Trustee (at the Issuers’ expense), the Issuers or the Holders of at
least 10% in principal amount of the then outstanding Notes may petition any court of competent
jurisdiction for the appointment of a successor Trustee.

          If the Trustee, after written request by any Holder who has been a Holder for at least six
months, fails to comply with Section 7.10 hereof, such Holder may petition any court of competent
jurisdiction for the removal of the Trustee and the appointment of a successor Trustee.

          A successor Trustee shall deliver a written acceptance of its appointment to the retiring
Trustee and to the Issuers. Thereupon, the resignation or removal of the retiring Trustee shall
become effective, and the successor Trustee shall have all the rights, powers and duties of the
Trustee under this Indenture. The successor Trustee shall mail a notice of its succession to
Holders. The retiring Trustee shall promptly transfer all property held by it as Trustee to the
successor Trustee; provided all sums owing to the Trustee hereunder have been paid and
subject to the Lien provided for in Section 7.07 hereof.

          Notwithstanding replacement of the Trustee pursuant to this Section 7.08, the Issuers’
obligations under Section 7.07 hereof shall continue for the benefit of the retiring Trustee.

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Section 7.09. Successor Trustee by Merger, etc.

          If the Trustee consolidates, merges or converts into, or transfers all or substantially all of
its corporate trust business to, another corporation, the successor corporation without any further
act shall be the successor Trustee.

Section 7.10. Eligibility; Disqualification.

          There shall at all times be a Trustee hereunder that is a corporation organized and doing
business under the laws of the United States of America or of any state thereof that is authorized
under such laws to exercise corporate trustee power, that is subject to supervision or examination
by federal or state authorities and that has a combined capital and surplus of at least $50,000,000
as set forth in its most recent published annual report of condition.

          This Indenture shall always have a Trustee who satisfies the requirements of Trust Indenture
Act Sections 310(a)(1), (2) and (5). The Trustee is subject to Trust Indenture Act Section 310(b).

Section 7.11. Preferential Collection of Claims Against Issuers.

          The Trustee is subject to Trust Indenture Act Section 311(a), excluding any creditor
relationship listed in Trust Indenture Act Section 311(b). A Trustee who has resigned or been
removed shall be subject to Trust Indenture Act Section 311(a) to the extent indicated therein.

ARTICLE 8

LEGAL DEFEASANCE AND COVENANT DEFEASANCE

Section 8.01. Option to Effect Legal Defeasance or Covenant Defeasance.

          The Issuers may, at their option and at any time, elect to have either Section 8.02 or 8.03
hereof applied to all outstanding Notes upon compliance with the conditions set forth below in this
Article 8.

Section 8.02. Legal Defeasance and Discharge.

          Upon the Issuers’ exercise under Section 8.01 hereof of the option applicable to this Section
8.02, the Issuers and the Guarantors shall, subject to the satisfaction of the conditions set forth
in Section 8.04 hereof, be deemed to have been discharged from their obligations with respect to
all outstanding Notes and Guarantees on the date the conditions set forth below are satisfied
(“Legal Defeasance”). For this purpose, Legal Defeasance means that the Issuers shall be
deemed to have paid and discharged the entire Indebtedness represented by the outstanding Notes,
which shall thereafter be deemed to be “outstanding” only for the purposes of Section 8.05 hereof
and the other Sections of this Indenture referred to in (a) and (b) below, and to have satisfied
all its other obligations under such Notes and this Indenture including that of the Guarantors (and
the Trustee, on demand of and at the expense of the Issuers,

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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 Notes to receive payments in respect of the principal of,
premium, if any, and interest on the Notes when such payments are due solely out of the trust
created pursuant to this Indenture referred to in Section 8.04 hereof;

          (b) the Issuers’ obligations with respect to Notes concerning issuing temporary Notes,
registration of such Notes, mutilated, destroyed, lost or stolen Notes 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 Issuers’
obligations in connection therewith; and

          (d) this Section 8.02.

          Subject to compliance with this Article 8, the Issuers may exercise their option under this
Section 8.02 notwithstanding the prior exercise of its option under Section 8.03 hereof.

Section 8.03. Covenant Defeasance.

          Upon the Issuers’ exercise under Section 8.01 hereof of the option applicable to this Section
8.03, the Issuers and the Guarantors shall, subject to the satisfaction of the conditions set forth
in Section 8.04 hereof, be released from their obligations under the covenants contained in
Sections 4.03, 4.04, 4.05, 4.07, 4.08, 4.09, 4.10, 4.11, 4.12, 4.13, 4.14 and 4.15 hereof and
clauses (4) and (5) of Section 5.01(a), Sections 5.01(c) and 5.01(d) hereof with respect to the
outstanding Notes on and after the date the conditions set forth in Section 8.04 hereof are
satisfied (“Covenant Defeasance”), 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 such Notes shall
not be deemed outstanding for accounting purposes). For this purpose, Covenant Defeasance means
that, with respect to the outstanding Notes, the Issuers 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 under Section
6.01 hereof, but, except as specified above, the remainder of this Indenture and such Notes shall
be unaffected thereby. In addition, upon the Issuers’ exercise under Section 8.01 hereof of the
option applicable to this Section 8.03 hereof, subject to the satisfaction of the conditions set
forth in Section 8.04 hereof, Sections 6.01(3), 6.01(4), 6.01(5), 6.01(6) (solely with respect to
Restricted Subsidiaries that are Significant Subsidiaries), 6.01(7) (solely with respect to
Restricted Subsidiaries that are Significant Subsidiaries) and 6.01(8) hereof shall not constitute
Events of Default.

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Section 8.04. Conditions to Legal or Covenant Defeasance.

          The following shall be the conditions to the application of either Section 8.02 or 8.03 hereof
to the outstanding Notes:

          In order to exercise either Legal Defeasance or Covenant Defeasance with respect to the Notes:

     (1) the Issuers must irrevocably deposit with the Trustee, in trust, for the benefit of
the Holders of the Notes, cash in U.S. dollars, Government Securities, 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 of, premium, if any, and
interest due on the Notes at Stated Maturity date or on the Redemption Date, as the case may
be, of such principal, premium, if any, or interest on such Notes and the Issuers must
specify whether such Notes are being defeased to maturity or to a particular Redemption
Date;

     (2) in the case of Legal Defeasance, the Company shall have delivered to the Trustee:

     (x) an Opinion of Counsel reasonably acceptable to the Trustee confirming that, subject
to customary assumptions and exclusions,

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

     (b) since the issuance of the Notes, there has been a change in the applicable
U.S. federal income tax law;

in either case to the effect that, and based thereon such Opinion of Counsel shall confirm
that, subject to customary assumptions and exclusions, the Holders of the Notes will not
recognize income, gain or loss for U.S. federal income tax purposes, as applicable, as a
result of such Legal Defeasance and will be subject to U.S. 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; and

     (y) an opinion of Singapore counsel and of any other jurisdiction in which the Issuers
are organized, resident or engaged in business for tax purposes that,

     (a) Holders of the outstanding Notes who are not resident or engaged in
business in that jurisdiction will not become subject to tax in the jurisdiction as
a result of such Legal Defeasance and will be subject for purposes of the tax laws
of that jurisdiction to income tax on the same amounts, in the same manner and at
the same times as would have been the case if Legal Defeasance had not occurred; and

     (b) payments from the defeasance trust will be free or exempt from any and all
withholding and other taxes of whatever nature of such jurisdiction or any

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political subdivision or taxing authority thereof or therein, except in the
same manner and at the same times as would have been the case if Legal Defeasance
had not occurred;

     (3) in the case of Covenant Defeasance, the Company shall have delivered to the
Trustee:

     (x) an Opinion of Counsel reasonably acceptable to the Trustee confirming that, subject
to customary assumptions and exclusions, the Holders of the Notes will not recognize income,
gain or loss for U.S. federal income tax purposes as a result of such Covenant Defeasance
and will be subject to such 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; and

     (y) an opinion of Singapore counsel and of any other jurisdiction in which the Issuers
are organized, resident or engaged in business for tax purposes that:

     (a) Holders of the outstanding Notes who are not resident or engaged in
business in that jurisdiction will not become subject to tax in the jurisdiction as
a result of such Covenant Defeasance and will be subject for purposes of the tax
laws of that jurisdiction to income tax on the same amounts, in the same manner and
at the same times as would have been the case if Covenant Defeasance had not
occurred; and

     (b) payments from the defeasance trust will be free or exempt from any and all
withholding and other taxes of whatever nature of such jurisdiction or any political
subdivision or taxing authority thereof or therein, except in the same manner and at
the same times as would have been the case if Covenant Defeasance had not occurred;

     (4) no Default (other than that resulting from borrowing funds to be applied to make
such deposit and any similar and simultaneous deposit relating to other Indebtedness,
including the Subordinated Notes, and in each case the granting of Liens in connection
therewith) shall have occurred and be continuing on the date of such deposit;

     (5) such Legal Defeasance or Covenant Defeasance shall not result in a breach or
violation of, or constitute a default under the Senior Credit Facilities, the Subordinated
Notes or the indenture pursuant to which the Subordinated Notes were issued or any other
material agreement or instrument (other than this Indenture), to which any Issuer or
Guarantor is a party or by which any Issuer or any Guarantor is bound (other than that
resulting from any borrowing of funds to be applied to make the deposit required to effect
such Legal Defeasance or Covenant Defeasance and any similar and simultaneous deposit
relating to other Indebtedness, including the Subordinated Notes, and the granting of Liens
in connection therewith);

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     (6) the Company shall have delivered to the Trustee an Officer’s Certificate stating
that the deposit was not made by the Issuers with the intent of defeating, hindering,
delaying or defrauding any creditors of any Issuer or any Guarantor or others; and

     (7) the Company shall have delivered to the Trustee an Officer’s Certificate and an
Opinion of Counsel (which Opinion of Counsel may be subject to customary assumptions and
exclusions) each stating that all conditions precedent provided for or relating to the Legal
Defeasance or the Covenant Defeasance, as the case may be, have been complied with.

			
	Section 8.05.	 	Deposited Money and Government Securities to Be Held in Trust; Other Miscellaneous Provisions.

          Subject to Section 8.06 hereof, all money and Government Securities (including the proceeds
thereof) deposited with the Trustee (or other qualifying trustee, collectively for purposes of this
Section 8.05, the “Trustee”) pursuant to Section 8.04 hereof in respect of the outstanding
Notes shall be held in trust and applied by the Trustee, in accordance with the provisions of such
Notes and this Indenture, to the payment, either directly or through any Paying Agent (including
the Issuers or a Guarantor acting as Paying Agent) as the Trustee may determine, to the Holders of
such Notes of all sums due and to become due thereon in respect of principal, premium and
Additional Interest, if any, and interest, but such money need not be segregated from other funds
except to the extent required by law.

          The Issuers shall pay and indemnify the Trustee against any tax, fee or other charge imposed
on or assessed against the cash or Government Securities deposited pursuant to Section 8.04 hereof
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 Notes.

          Anything in this Article 8 to the contrary notwithstanding, the Trustee shall deliver or pay
to the Issuers from time to time upon the request of the Issuers any money or Government Securities
held by it as provided in Section 8.04 hereof 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 8.04(a) hereof), 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 8.06. Repayment to Issuers.

          Any money deposited with the Trustee or any Paying Agent, or then held by the Issuers, in
trust for the payment of the principal of, premium and Additional Interest, if any, or interest on
any Note and remaining unclaimed for two years after such principal, and premium and Additional
Interest, if any, or interest has become due and payable shall be paid to the Issuers on its
request or (if then held by the Issuers) shall be discharged from such trust; and the Holder of
such Note shall thereafter look only to the Issuers for payment thereof, and all liability

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of the Trustee or such Paying Agent with respect to such trust money, and all liability of the
Issuers as trustee thereof, shall thereupon cease.

Section 8.07. Reinstatement.

          If the Trustee or Paying Agent is unable to apply any U.S. dollars or Government Securities in
accordance with Section 8.02 or 8.03 hereof, 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 Issuers’ obligations under this Indenture and the Notes shall be revived and
reinstated as though no deposit had occurred pursuant to Section 8.02 or 8.03 hereof until such
time as the Trustee or Paying Agent is permitted to apply all such money in accordance with Section
8.02 or 8.03 hereof, as the case may be; provided that, if the Issuers make any payment of
principal of, premium and Additional Interest, if any, or interest on any Note following the
reinstatement of its obligations, the Issuers shall be subrogated to the rights of the Holders of
such Notes to receive such payment from the money held by the Trustee or Paying Agent.

ARTICLE 9

AMENDMENT, SUPPLEMENT AND WAIVER

Section 9.01. Without Consent of Holders of Notes.

          Notwithstanding Section 9.02 hereof, the Issuers, any Guarantor (with respect to a Guarantee
or this Indenture) and the Trustee may amend or supplement this Indenture and any Guarantee or
Notes without the consent of any Holder:

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

     (2) to provide for uncertificated Notes of such series in addition to or in place of
certificated Notes;

     (3) to comply with Section 5.01 hereof;

     (4) to provide the assumption of the Issuers’ or any Guarantor’s obligations to the
Holders;

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

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

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

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     (8) to evidence and provide for the acceptance and appointment under this Indenture of
a successor Trustee thereunder pursuant to the requirements thereof;

     (9) to provide for the issuance of exchange notes or private exchange notes, which are
identical to exchange notes except that they are not freely transferable;

     (10) to add a Guarantor under this Indenture;

     (11) to conform the text of this Indenture, the Guarantees or the Notes to any
provision of the “Description of Senior Notes” section of the Offering Memorandum to the
extent that such provision in such “Description of Senior Notes” section was intended to be
a verbatim recitation of a provision of this Indenture, Guarantee or Notes;

     (12) to make any amendment to the provisions of this Indenture relating to the transfer
and legending of Notes as permitted by this Indenture, including, without limitation to
facilitate the issuance and administration of the Notes; provided, however,
that (i) compliance with this Indenture as so amended would not result in Notes being
transferred in violation of the Securities Act or any applicable securities law and (ii)
such amendment does not materially and adversely affect the rights of Holders to transfer
Notes; or

     (13) to make any other modifications to the Notes or this Indenture of a formal, minor
or technical nature or necessary to correct a manifest error or upon Opinion of Counsel to
comply with mandatory provisions of the law of the Republic of Singapore or other foreign
law requirement, so long as such modification does not adversely affect the rights of any
Holder of the Notes in any material respect.

          Upon the request of the Issuers accompanied by resolutions of their boards of directors
authorizing the execution of any such amended or supplemental indenture, and upon receipt by the
Trustee of the documents set forth in Section 7.02 hereof, the Trustee shall join with the Issuers
and the Guarantors in the execution of any amended or supplemental indenture authorized or
permitted by the terms of this Indenture and to make any further appropriate agreements and
stipulations that may be therein contained, but the Trustee shall not be obligated to enter into
such amended or supplemental indenture that affects its own rights, duties or immunities under this
Indenture or otherwise. Notwithstanding the foregoing, no Opinion of Counsel shall be required in
connection with the addition of a Guarantor under this Indenture upon execution and delivery by
such Guarantor and the Trustee of a supplemental indenture to this Indenture, the form of which is
attached as Exhibit D hereto, and delivery of an Officer’s Certificate.

Section 9.02. With Consent of Holders of Notes.

          Except as provided below in this Section 9.02, the Issuers and the Trustee may amend or
supplement this Indenture, the Notes and the Guarantees with the consent of the Holders of at least
a majority in principal amount of the Notes (including Additional Notes, if any) then outstanding
voting as a single class (including, without limitation, consents obtained in

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connection with a tender offer or exchange offer for, or purchase of, the Notes), and, subject
to Sections 6.04 and 6.07 hereof, any existing Default or Event of Default (other than a Default or
Event of Default in the payment of the principal of, premium and Additional Interest, 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 this 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 (including Additional Notes, if any) voting as a single class (including consents obtained in
connection with a tender offer or exchange offer for, or purchase of, the Notes). Section 2.08
hereof and Section 2.09 hereof shall determine which Notes are considered to be “outstanding” for
the purposes of this Section 9.02.

          Upon the request of the Issuers accompanied by a resolution of their board of directors
authorizing the execution of any such amended or supplemental indenture, and upon the filing with
the Trustee of evidence satisfactory to the Trustee of the consent of the Holders of Notes as
aforesaid, and upon receipt by the Trustee of the documents set forth in Section 7.02 hereof, the
Trustee shall join with the Issuers in the execution of such amended or supplemental indenture
unless such amended or supplemental indenture directly affects the Trustee’s own rights, duties or
immunities under this Indenture or otherwise, in which case the Trustee may in its discretion, but
shall not be obligated to, enter into such amended or supplemental indenture.

          It shall not be necessary for the consent of the Holders of Notes under this Section 9.02 to
approve the particular form of any proposed amendment or waiver, but it shall be sufficient if such
consent approves the substance thereof.

          After an amendment, supplement or waiver under this Section 9.02 becomes effective, the
Issuers shall mail to the Holders of Notes affected thereby a notice briefly describing the
amendment, supplement or waiver. Any failure of the Issuers to mail such notice, or any defect
therein, shall not, however, in any way impair or affect the validity of any such amended or
supplemental indenture or waiver.

          Without the consent of each affected Holder of Notes, an amendment or waiver under this
Section 9.02 may not (with respect to any Notes held by a non-consenting Holder):

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

     (2) reduce the principal of or change the fixed final maturity of any such Note or
alter or waive the provisions with respect to the redemption of such Notes (other than
provisions relating to Section 3.10, Section 4.10 and Section 4.14 hereof to the extent that
any such amendment or waiver does not have the effect of reducing the principal of or
changing the fixed final maturity of any such Note or altering or waiving the provisions
with respect to the redemption of such Notes);

     (3) reduce the rate of or change the time for payment of interest on any Note;

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     (4) waive a Default in the payment of principal of or premium, if any, or interest on
the Notes, except a rescission of acceleration of the Notes by the Holders of at least a
majority in aggregate principal amount of the Notes and a waiver of the payment default that
resulted from such acceleration, or in respect of a covenant or provision contained in this
Indenture or any Guarantee which cannot be amended or modified without the consent of all
Holders;

     (5) make any Note payable in money other than that stated therein;

     (6) make any change in the provisions of this Indenture relating to waivers of past
Defaults or the rights of Holders to receive payments of principal of or premium, if any, or
interest on the Notes;

     (7) make any change in these amendment and waiver provisions;

     (8) impair the right of any Holder to receive payment of principal of, or interest on
such Holder’s Notes on or after the due dates therefor or to institute suit for the
enforcement of any payment on or with respect to such Holder’s Notes;

     (9) make any change to or modify the ranking of the Notes that would adversely affect
the Holders,

     (10) except as expressly permitted by this Indenture, modify the Guarantees of any
Significant Subsidiary in any manner adverse to the Holders of the Notes; or

     (11) amend or modify the provisions set forth in Section 4.17 hereof.

Section 9.03. Compliance with Trust Indenture Act.

          Every amendment or supplement to this Indenture or the Notes shall be set forth in an amended
or supplemental indenture that complies with the Trust Indenture Act as then in effect.

Section 9.04. Revocation and Effect of Consents.

          Until an amendment, supplement or waiver becomes effective, a consent to it by a Holder of a
Note is a continuing consent by the Holder of a Note and every subsequent Holder of a Note or
portion of a Note that evidences the same debt as the consenting Holder’s Note, even if notation of
the consent is not made on any Note. However, any such Holder of a Note or subsequent Holder of a
Note may revoke the consent as to its Note if the Trustee receives written notice of revocation
before the date the waiver, supplement or amendment becomes effective. An amendment, supplement or
waiver becomes effective in accordance with its terms and thereafter binds every Holder.

          The Issuers may, but shall not be obligated to, fix a record date for the purpose of
determining the Holders entitled to consent to any amendment, supplement, or waiver. If a record
date is fixed, then, notwithstanding the preceding paragraph, those Persons who were

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Holders at such record date (or their duly designated proxies), and only such Persons, shall
be entitled to consent to such amendment, supplement, or waiver or to revoke any consent previously
given, whether or not such Persons continue to be Holders after such record date. No such consent
shall be valid or effective for more than 120 days after such record date unless the consent of the
requisite number of Holders has been obtained.

Section 9.05. Notation on or Exchange of Notes.

          The Trustee may place an appropriate notation about an amendment, supplement or waiver on any
Note thereafter authenticated. The Issuers in exchange for all Notes may issue and the Trustee
shall, upon receipt of an Authentication Order, authenticate new Notes that reflect the amendment,
supplement or waiver.

          Failure to make the appropriate notation or issue a new Note shall not affect the validity and
effect of such amendment, supplement or waiver.

Section 9.06. Trustee to Sign Amendments, etc.

          The Trustee shall sign any amendment, supplement or waiver authorized pursuant to this Article
9 if the amendment or supplement does not adversely affect the rights, duties, liabilities or
immunities of the Trustee. The Issuers may not sign an amendment, supplement or waiver until the
board of directors approves it. In executing any amendment, supplement or waiver, the Trustee
shall be entitled to receive and (subject to Section 7.01 hereof) shall be fully protected in
relying upon, in addition to the documents required by Section 12.04 hereof, an Officer’s
Certificate and an Opinion of Counsel stating that the execution of such amended or supplemental
indenture is authorized or permitted by this Indenture and that such amendment, supplement or
waiver is the legal, valid and binding obligation of the Issuers and any Guarantors party thereto,
enforceable against them in accordance with its terms, subject to customary exceptions, and
complies with the provisions hereof (including Section 9.03). Notwithstanding the foregoing, no
Opinion of Counsel will be required for the Trustee to execute any amendment or supplement adding a
new Guarantor under this Indenture.

Section 9.07. Payment for Consent.

          Neither the Issuers nor any Affiliate of the Issuers shall, directly or indirectly, pay or
cause to be paid any consideration, whether by way of interest, fee or otherwise, to any Holder for
or as an inducement to any consent, waiver or amendment of any of the terms or provisions of this
Indenture or the Notes unless such consideration is offered to all Holders and is paid to all
Holders that so consent, waive or agree to amend in the time frame set forth in solicitation
documents relating to such consent, waiver or agreement.

ARTICLE 10

GUARANTEES

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Section 10.01. Guarantee.

          Subject to this Article 10, from and after the consummation of the Transactions, each of the
Guarantors hereby, jointly and severally, unconditionally guarantees to each Holder of a Note
authenticated and delivered by the Trustee and to the Trustee and its successors and assigns,
irrespective of the validity and enforceability of this Indenture, the Notes or the obligations of
the Issuers hereunder or thereunder, that: (a) the principal of, interest, premium and Additional
Interest, if any, on the Notes shall be promptly paid in full when due, whether at maturity, by
acceleration, redemption or otherwise, and interest on the overdue principal of and interest on the
Notes, if any, if lawful, and all other obligations of the Issuers to the Holders or the Trustee
hereunder or thereunder shall be promptly paid in full or performed, all in accordance with the
terms hereof and thereof; and (b) in case of any extension of time of payment or renewal of any
Notes or any of such other obligations, that same shall be promptly paid in full when due or
performed in accordance with the terms of the extension or renewal, whether at stated maturity, by
acceleration or otherwise. Failing payment when due of any amount so guaranteed or any performance
so guaranteed for whatever reason, the Guarantors shall be jointly and severally obligated to pay
the same immediately. Each Guarantor agrees that this is a guarantee of payment and not a
guarantee of collection.

          The Guarantors hereby agree (to the extent legally possible under such Guarantor’s
jurisdiction of organization) that their obligations hereunder shall be unconditional, irrespective
of the validity, regularity or enforceability of the Notes or this Indenture, the absence of any
action to enforce the same, any waiver or consent by any Holder of the Notes with respect to any
provisions hereof or thereof, the recovery of any judgment against the Issuers, any action to
enforce the same or any other circumstance which might otherwise constitute a legal or equitable
discharge or defense of a guarantor. Each Guarantor hereby waives diligence, presentment, demand
of payment, filing of claims with a court in the event of insolvency or bankruptcy of the Issuers,
any right to require a proceeding first against the Issuers, protest, notice and all demands
whatsoever and covenants that this Guarantee shall not be discharged except by complete performance
of the obligations contained in the Notes and this Indenture.

          Each Guarantor also agrees to pay any and all costs and expenses (including reasonable
attorneys’ fees) incurred by the Trustee or any Holder in enforcing any rights under this Section
10.01.

          If any Holder or the Trustee is required by any court or otherwise to return to the Issuers,
the Guarantors or any custodian, trustee, liquidator or other similar official acting in relation
to either the Issuers or the Guarantors, any amount paid either to the Trustee or such Holder, this
Guarantee, to the extent theretofore discharged, shall be reinstated in full force and effect.

          Each Guarantor agrees that it shall not be entitled to any right of subrogation in relation to
the Holders in respect of any obligations guaranteed hereby until payment in full of all
obligations guaranteed hereby. Each Guarantor further agrees that, as between the Guarantors, on
the one hand, and the Holders and the Trustee, on the other hand, (x) the maturity of the
obligations guaranteed hereby may be accelerated as provided in Article 6 hereof for the

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purposes of this Guarantee, notwithstanding any stay, injunction or other prohibition
preventing such acceleration in respect of the obligations guaranteed hereby, and (y) in the event
of any declaration of acceleration of such obligations as provided in Article 6 hereof, such
obligations (whether or not due and payable) shall forthwith become due and payable by the
Guarantors for the purpose of this Guarantee. The Guarantors shall have the right to seek
contribution from any non-paying Guarantor so long as the exercise of such right does not impair
the rights of the Holders under the Guarantees.

          Each Guarantee shall remain in full force and effect and continue to be effective should any
petition be filed by or against the Issuers for liquidation, reorganization, should the Issuers
become insolvent or make an assignment for the benefit of creditors or should a receiver or trustee
be appointed for all or any significant part of the Issuers’ assets, and shall, to the fullest
extent permitted by law, continue to be effective or be reinstated, as the case may be, if at any
time payment and performance of the Notes are, pursuant to applicable law, rescinded or reduced in
amount, or must otherwise be restored or returned by any obligee on the Notes or Guarantees,
whether as a “voidable preference,” “fraudulent transfer” or otherwise, all as though such payment
or performance had not been made. In the event that any payment or any part thereof, is rescinded,
reduced, restored or returned, the Notes shall, to the fullest extent permitted by law, be
reinstated and deemed reduced only by such amount paid and not so rescinded, reduced, restored or
returned.

          In case any provision of any Guarantee 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.

          The Guarantee issued by any Guarantor shall be a general unsecured senior obligation of such
Guarantor and shall be pari passu in right of payment with all existing and future Senior
Indebtedness of such Guarantor, if any.

          Each payment to be made by a Guarantor in respect of its Guarantee shall be made without
set-off, counterclaim, reduction or diminution of any kind or nature.

Section 10.02. Limitation on Guarantor Liability.

          (a) Each Guarantor, and by its acceptance of Notes, each Holder, hereby confirms that it is
the intention of all such parties that the Guarantee of such Guarantor not constitute a fraudulent
transfer or conveyance for purposes of Bankruptcy Law, the Uniform Fraudulent Conveyance Act, the
Uniform Fraudulent Transfer Act or any similar federal or state law to the extent applicable to any
Guarantee. To effectuate the foregoing intention, the Trustee, the Holders and the Guarantors
hereby irrevocably agree that the obligations of each Guarantor shall be limited to the maximum
amount as will, after giving effect to such maximum amount and all other contingent and fixed
liabilities of such Guarantor that are relevant under such laws and after giving effect to any
collections from, rights to receive contribution from or payments made by or on behalf of any other
Guarantor in respect of the obligations of such other Guarantor under this Article 10, result in
the obligations of such Guarantor under its Guarantee not constituting a fraudulent conveyance or
fraudulent transfer under applicable law. Each

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Guarantor that makes a payment under its Guarantee shall be entitled upon payment in full of
all guaranteed obligations under this Indenture to a contribution from each other Guarantor in an
amount equal to such other Guarantor’s pro rata portion of such payment based on the respective net
assets of all the Guarantors at the time of such payment determined in accordance with GAAP.

          (b) Except as otherwise provided for in subsections (d), (e), (f) and (h) below, the Holders
agree not to enforce this Guarantee or any obligation of Avago Technologies GmbH under any document
entered into in relation hereto (for the purposes of this Section 10.02, collectively, the
“Claims”) against Avago Technologies GmbH if and to the extent that such enforcement would
otherwise result in the net assets of Avago Technologies GmbH (Eigenkapital within the meaning of
Section 266 paragraph 3 A of the German Commercial Code (Handelsgesetzbuch)) falling below the
amount of its stated share capital (Stammkapital) or increase any existing capital impairment
(Begründung oder Vertiefung einer Unterbilanz) in the meaning of Sections 30 and 31 of the German
Act on Limited Liability Companies (GmbHG). In calculation of the net assets and the stated share
capital any Indebtedness and other contractual liabilities incurred by Avago Technologies GmbH in
violation of the provisions hereunder or any increases of the stated share capital of Avago
Technologies GmbH in violation of the provisions hereunder shall be disregarded. Any recourse claim
of Avago Technologies GmbH against its affiliated companies shall not be regarded as an asset in
determining the net assets of Avago Technologies GmbH, if and to the extent that Avago Technologies
GmbH provides evidence, to the reasonable satisfaction of the Trustee, that such recourse claim is
of no value (nicht werthaltig).

          (c) If and to the extent legally permissible and commercially justifiable in respect of the
business of Avago Technologies GmbH, Avago Technologies GmbH shall, following the receipt of an
Enforcement Notice (as defined below), if and to the extent:

          (i) it does not have sufficient assets to allow an enforcement of any collateral in
accordance with Section 10.02(b); and

          (ii) the Holders would (but for this paragraph) be entitled to enforce the Claims
granted hereunder,

realize any and all of its assets that are shown in the balance sheet with a book value (Buchwert)
that is substantially lower than the market value of such assets, and which are not essentially
necessary for the business of Avago Technologies GmbH (betriebsnotwendig).

          (d) The limitations set out in Section 10.02(a) shall only apply if and to the extent that
Avago Technologies GmbH evidences by providing the Trustee:

          (i) within ten (10) Business Days following a notice by the Trustee to the Company of
its intention to enforce the Claims (for purposes of this Section 10.02, the
“Enforcement Notice”), with a written confirmation by the managing director(s) on
behalf of Avago Technologies GmbH specifying if and to what extent Claims granted hereunder
cannot be enforced as it would cause the net assets of Avago Technologies

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GmbH to fall below the amount of its stated share capital (supported by evidence
further specified in the last clause of this paragraph (d)) (for purposes of this Section
10.02, the “Management Determination”) and the Trustee has not contested this
Management Determination and argued that no or a lesser amount would be necessary to
maintain the stated share capital of Avago Technologies GmbH; or

          (ii) within thirty (30) Business Days after the date on which the Trustee contested the
Management Determination, with a written confirmation (Bescheinigung aufgrund prüferischer
Durchsicht) by the statutory auditor of Avago Technologies GmbH (Abschlussprüfer) (for
purposes of this Section 10.04, the “Auditor’s Determination”) with respect to the
financial statements provided to the Trustee pursuant to the next paragraph.

          The Management Determination shall be supported by (i) a list of Indebtedness drawn by or
passed on to, Avago Technologies GmbH pursuant to Section 10.04(h) below, and (ii) evidence
reasonably satisfactory to the Trustee showing the amount of the net assets and the stated share
capital of Avago Technologies GmbH.

          (e) If the Trustee disagrees with the Auditor’s Determination, the Holders shall be entitled
to enforce the Claims up to the amount which is undisputed between itself and Avago Technologies
GmbH in accordance with the provisions of Section 10.02(b) above. In relation to the amount which
is disputed, the Holders shall be entitled to further pursue their Claims (if any) and Avago
Technologies GmbH shall be entitled to defend itself in court and to prove that this amount is
necessary for maintaining its stated share capital (calculated as of the date that the Enforcement
Notice was given). If, after it has been provided with an Auditor’s Determination that prevented it
from the enforcement of the security interest, the Trustee ascertains in good faith that the
financial condition of Avago Technologies GmbH has substantially improved (in particular if Avago
Technologies GmbH has taken any action in accordance with Section 10.02(c) above), the
Administrative Agent may, at Avago Technologies GmbH’s cost and expense, arrange for the
preparation of an updated balance sheet of Avago Technologies GmbH by the auditors having prepared
the Auditor’s Determination in order for such auditors to determine whether (and if so, to what
extent) an enforcement would not lead to the net assets of Avago Technologies GmbH falling below
the amount of its stated share capital.

          (f) If any enforcement action was taken without limitation because the Management
Determination and/or the Auditor’s Determination, as the case may be, was not delivered within the
relevant time frame, the Holders shall repay to Avago Technologies GmbH any amount which is
necessary to maintain its stated share capital, calculated as of the date that the Enforcement
Notice was given.

          (g) In addition, the Claims shall not be enforced if and to the extent that such enforcement
would lead to a breach of the prohibition of insolvency causing intervention (Verbot des
existenzvernichtenden Eingriffs) by depriving Avago Technologies GmbH of the liquidity necessary to
fulfill its financial liabilities to its creditors.

125

 

          (h) Notwithstanding paragraphs (b) through (g) above, the Administrative Agent shall be
entitled to enforce the Claims without any limitation if and to the extent the Claims secure or
correspond to proceeds or portions of proceeds from the sale of the Notes by any Issuer or any of
its affiliates to the extent the funds will be borrowed by, passed on or otherwise made available
to Avago Technologies GmbH, to the extent outstanding at the level of Avago Technologies GmbH and
including interest and fees accrued thereon and unpaid by Avago Technologies GmbH as of the date
that the Enforcement Notice was given.

          (i) To the extent that applicable requirements of law prohibit any Guarantor from providing
any Guarantee or collateral security in respect of loans or other financial accommodations made to
finance in whole or in part the acquisition of the capital stock, then the obligations of such
Guarantor shall be deemed not to include that portion of the obligations of the Issuers that are
applied for the purpose of acquiring the capital stock of such Guarantor.

          (j) Notwithstanding any other provision of this Article 10 or this Indenture, Avago
Technologies Italy S.R.L. shall only be liable up to the amount of the lower of (i) 100.0% of the
principal aggregate amount of the Notes allocated to Avago Technologies Italy S.R.L. by the
Issuers, and (ii) the amount of the Notes allocated to Avago Technologies Italy S.R.L. at the time
of the enforcement of the Guarantee.

          (k) Notwithstanding any other provision of this Article 10 or this Indenture, Avago
Technologies U.K. Ltd. shall not have any obligation or liability under its Guarantee, which, if it
were incurred or any part thereof were incurred, such Guarantee would constitute unlawful financial
assistance for the purpose of Sections 151 and 152 of the U.K. Companies Act 1985 and such
obligation or liability shall be specifically excluded.

          (l) In connection with the execution and delivery by Keneth Yeh-Kang Hao and/or Adam Herbert
Clammer and/or Luis Octavio Núñez Orellana and/or Rafael Gómez Vicencio, on behalf of Avago
Technologies México, S. de R.L. de C.V., of the Guarantee, this Indenture and any and all documents
related hereto, all parties hereto hereby irrevocably waive any rights that they or any
beneficiaries under this Indenture or any document related hereto, may now or in the future have
against any of the above mentioned individuals as attorney-in-fact and representative of Avago
Technologies México, S. de R.L. de C.V. under Article 7 of the Commercial Companies Act (Ley
General de Sociedades Mercantiles) of Mexico.

          (m) Notwithstanding any other provision of this Article 10 or this Indenture, to the extent
any Subsidiary of the Company executes and delivers a supplemental indenture to this Indenture, the
form of which is attached as Exhibit D hereto, providing for a Guarantee by such
Subsidiary, the applicable limitations on the Guarantee pursuant to the local law of such
Subsidiary shall be added to the supplemental indenture.

Section 10.03. Execution and Delivery.

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          To evidence its Guarantee set forth in Section 10.01 hereof, each Guarantor hereby agrees that
this Indenture shall be executed on behalf of such Guarantor by its President, one of its Vice
Presidents, one of its Assistant Vice Presidents or other authorized Officers, and with respect to
any Guarantor organized under the laws of the Republic of Singapore, shall be executed under seal.

          Each Guarantor hereby agrees that its Guarantee set forth in Section 10.01 hereof shall remain
in full force and effect notwithstanding the absence of the endorsement of any notation of such
Guarantee on the Notes.

          If an Officer whose signature is on this Indenture no longer holds that office at the time the
Trustee authenticates the Note, the Guarantee shall be valid nevertheless.

          The delivery of any Note 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.

          If required by Section 4.15 hereof, the Issuers shall cause any newly created or acquired
Restricted Subsidiary to comply with the provisions of Section 4.15 hereof and this Article 10, to
the extent applicable.

Section 10.04. Subrogation.

          Each Guarantor shall be subrogated to all rights of Holders of Notes against the Issuers in
respect of any amounts paid by any Guarantor pursuant to the provisions of Section 10.01 hereof;
provided that, if an Event of Default has occurred and is continuing, no Guarantor shall be
entitled to enforce or receive any payments arising out of, or based upon, such right of
subrogation until all amounts then due and payable by the Issuers under this Indenture or the Notes
shall have been paid in full.

Section 10.05. Benefits Acknowledged.

          Each Guarantor acknowledges that it will receive direct and indirect benefits from the
financing arrangements contemplated by this Indenture and that the guarantee and waivers made by it
pursuant to its Guarantee are knowingly made in contemplation of such benefits.

Section 10.06. Release of Guarantees.

          A Guarantee by a Guarantor shall be automatically and unconditionally released and discharged,
and no further action by such Guarantor, the Issuers or the Trustee is required for the release of
such Guarantor’s Guarantee, upon:

     (1) (A) any sale, exchange or transfer (by merger or otherwise) of the Capital Stock of
such Guarantor (including any sale, exchange or transfer), after which the applicable
Guarantor is no longer a Restricted Subsidiary or all or substantially all the assets of
such Guarantor which sale, exchange or transfer is made in compliance with the applicable
provisions of this Indenture;

127

 

     (B) the release or discharge of the guarantee by such Guarantor of the Senior Credit
Facilities or the guarantee which resulted in the creation of such Guarantee, except a
discharge or release by or as a result of payment under such guarantee;

     (C) the proper designation of any Restricted Subsidiary that is a Guarantor as an
Unrestricted Subsidiary; or

     (D) the Issuers exercising its Legal Defeasance option or Covenant Defeasance option in
accordance with Article 8 hereof or the Issuers’ obligations under this Indenture being
discharged in accordance with the terms of this Indenture; and

     (2) such Guarantor delivering to the Trustee an Officer’s Certificate and an Opinion of
Counsel, each stating that all conditions precedent provided for in this Indenture relating
to such transaction have been complied with.

ARTICLE 11

SATISFACTION AND DISCHARGE

Section 11.01. Satisfaction and Discharge.

          This Indenture shall be discharged and shall cease to be of further effect as to all Notes,
when either:

     (1) all Notes theretofore authenticated and delivered, except lost, stolen or destroyed
Notes which have been replaced or paid and Notes for whose payment money has theretofore
been deposited in trust, have been delivered to the Trustee for cancellation; or

     (2) (A) all Notes not theretofore delivered to the Trustee for cancellation have become
due and payable by reason of the making of a notice of redemption or otherwise, shall become
due and payable within one year or are to be called for redemption within one year under
arrangements satisfactory to the Trustee for the giving of notice of redemption by such
Trustee in the name, and at the expense, of the Issuers and the Issuers or any Guarantor
have irrevocably deposited or caused to be deposited with the Trustee as trust funds in
trust solely for the benefit of the Holders of the Notes, cash in U.S. dollars, Government
Securities, 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
on the Notes not theretofore delivered to the Trustee for cancellation for principal,
premium, if any, and accrued interest to the date of maturity or redemption;

     (B) no Default (other than that resulting from borrowing funds to be applied to make
such deposit and any similar and simultaneous deposit relating to other Indebtedness,
including the Subordinated Notes) with respect to this Indenture or the Notes 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

128

 

constitute a default under, the Senior Credit Facilities, Subordinated Notes (or the
indenture under which the Subordinated Notes are issued) or any other material agreement or
instrument (other than this Indenture) to which any Issuer or any Guarantor is a party or by
which any Issuer or any Guarantor is bound (other than that resulting from any borrowing of
funds to be applied to make such deposit and any similar and simultaneous deposit relating
to other Indebtedness, including the Subordinated Notes, and the granting of Liens in
connection therewith);

     (C) the Issuers have paid or caused to be paid all sums payable by it under this
Indenture; and

     (D) the Issuers have delivered irrevocable instructions to the Trustee to apply the
deposited money toward the payment of the Notes at Stated Maturity or the Redemption Date,
as the case may be.

          In addition, the Company must deliver an Officer’s Certificate and an Opinion of Counsel to
the Trustee stating that all conditions precedent to satisfaction and discharge have been
satisfied.

          Notwithstanding the satisfaction and discharge of this Indenture, if money shall have been
deposited with the Trustee pursuant to subclause (A) of clause (2) of this Section 11.01, the
provisions of Section 11.02 and Section 8.06 hereof shall survive.

Section 11.02. Application of Trust Money.

          Subject to the provisions of Section 8.06 hereof, all money deposited with the Trustee
pursuant to Section 11.01 hereof shall be held in trust and applied by it, in accordance with the
provisions of the Notes 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 and Additional Interest, if any) and
interest for whose payment such money has been deposited with the Trustee; but such money need not
be segregated from other funds except to the extent required by law.

          If the Trustee or Paying Agent is unable to apply any money or Government Securities in
accordance with Section 11.01 hereof by reason of any legal proceeding or by reason of any order or
judgment of any court or governmental authority enjoining, restraining or otherwise prohibiting
such application, the Issuers’ and any Guarantor’s obligations under this Indenture and the Notes
shall be revived and reinstated as though no deposit had occurred pursuant to Section 11.01 hereof;
provided that if the Issuers have made any payment of principal of, premium and Additional
Interest, if any, or interest on any Notes because of the reinstatement of its obligations, the
Issuers shall be subrogated to the rights of the Holders of such Notes to receive such payment from
the money or Government Securities held by the Trustee or Paying Agent.

129

 

ARTICLE 12

MISCELLANEOUS

Section 12.01. Trust Indenture Act Controls.

          If any provision of this Indenture limits, qualifies or conflicts with the duties imposed by
Trust Indenture Act Section 318(c), the imposed duties shall control.

Section 12.02. Notices.

     Any notice or communication by the Issuers, any Guarantor or the Trustee to the others
is duly given if in writing and delivered in person or mailed by first-class mail
(registered or certified, return receipt requested), fax or overnight air courier
guaranteeing next day delivery, to the others’ address:

If to the Issuers and/or any Guarantor:

c/o Avago Technologies Finance Pte. Ltd.

No. 1 Yishun Avenue

Singapore

Fax No.: +65-6215-8786

Attention: General Counsel

If to the Trustee:

The Bank of New York

101 Barclay Street, Floor 21W

New York, New York 10286

Fax No.: (212) 815-5802/3

Attention: Corporate Trust Administration

          The Issuers, any Guarantor or the Trustee, by notice to the others, may designate additional
or different addresses for subsequent notices or communications.

          All notices and communications (other than those sent to Holders) shall be deemed to have been
duly given: at the time delivered by hand, if personally delivered; five calendar days after being
deposited in the mail, postage prepaid, if mailed by first-class mail; when receipt acknowledged,
if faxed; and the next Business Day after timely delivery to the courier, if sent by overnight air
courier guaranteeing next day delivery; provided that any notice or communication delivered
to the Trustee shall be deemed effective only upon actual receipt thereof.

          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 register kept by the Registrar. Any notice or communication shall also be
so mailed to any Person described in Trust Indenture Act Section

130

 

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, except that any notice or
communication to the Trustee shall be effective only upon actual receipt thereof.

          If the Issuers mail a notice or communication to Holders, they 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 Section 312(b) with other Holders with
respect to their rights under this Indenture or the Notes. The Issuers, the Trustee, the Registrar
and anyone else shall have the protection of Trust Indenture Act Section 312(c).

Section 12.04. Certificate and Opinion as to Conditions Precedent.

          Upon any request or application by the Issuers or any of the Guarantors to the Trustee to take
any action under this Indenture, the Issuers or such Guarantor, as the case may be, shall furnish
to the Trustee:

          (a) An Officer’s Certificate in form and substance reasonably satisfactory to the Trustee
(which shall include the statements set forth in Section 12.05 hereof) stating that, in the opinion
of the signers, all conditions precedent and covenants, if any, provided for in this Indenture
relating to the proposed action have been satisfied; 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 hereof) stating that, in the opinion of
such counsel, all such conditions precedent and covenants have been satisfied.

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 Indenture (other than a certificate provided pursuant to Section 4.04 hereof or Trust
Indenture Act Section 314(a)(4)) shall comply with the provisions of Trust Indenture Act Section
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;

131

 

          (c) a statement that, in the opinion of such Person, he or she 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, in the case of an Opinion of Counsel, may
be limited to reliance on an Officer’s Certificate as to matters of fact); and

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

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, Paying Agent or Calculation 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 director, officer, employee, incorporator or stockholder of the Issuers or any Guarantor or
any of their parent companies shall have any liability for any obligations of the Issuers or the
Guarantors under the Notes, the Guarantees or this Indenture or for any claim based on, in respect
of, or by reason of such obligations or their creation. Each Holder by accepting Notes 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.

          THIS INDENTURE, THE NOTES AND ANY GUARANTEE WILL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE
WITH THE LAWS OF THE STATE OF NEW YORK.

Section 12.09. Consent to Jurisdiction, Service of Process and Immunity.

          The Issuers irrevocably submit to the jurisdiction of the courts of the State of New York and
the courts of the United States of America located in the Borough of Manhattan, City and State of
New York over any suit, action or proceeding with respect to this Indenture or the transactions
contemplated hereby. The Issuers waive any objection that they may have to the venue of any suit,
action or proceeding with respect to this Indenture or the transactions contemplated hereby in the
courts of the State of New York or the courts of the United States of America, in each case,
located in the Borough of Manhattan, City and State of New York, or that such suit, action or
proceeding brought in the courts of the State of New York or the United States of America, in each
case, located in the Borough of Manhattan, City and State of New York was brought in an
inconvenient court and agrees not to plead or claim the same.

          The Issuers irrevocably appoint CT Corporation System as their authorized agent in the State
of New York upon whom process may be served in any action arising out of or based on the Notes or
this Indenture, which may be instituted in the United States District Court for the

132

 

Southern District of New York or any state court in the City and County of New York. Such
service may be made by delivering or mailing a copy of such process to the Issuers in care of CT
Corporation System to accept such service on their behalf. Such appointment shall be irrevocable
until all amounts in respect of the principal, premium, Additional Amounts, or Additional Interest,
if any, due, or to become due on or in respect of the Notes issued hereunder have been paid in full
accordance with the terms hereof or unless and until a successor shall have been appointed as the
Issuers’ authorized agent for such service provided above.

          The Issuers hereby waive, to the fullest extent permitted by law, any immunity, including
sovereign immunity, from jurisdiction to which they might otherwise be entitled in respect of any
proceeding arising our of or relating to the Notes or this Indenture. Notwithstanding the
foregoing, with respect to any such proceedings, neither the consent to jurisdiction nor the waiver
agreed to in this Section 12.09 shall be interpreted to include any consent or waiver with respect
to actions brought under the United States federal securities laws or any state securities laws.
The foregoing waiver is intended to be irrevocable under the laws of the State of New York and the
United States of America and, in particular, under the United States Foreign Sovereign Immunities
Act of 1976, as amended, and the provisions in this Section 12.09 with regard to jurisdictional
matters constitute, among other things, a special arrangement for services between the parties to
this Indenture under such act.

Section 12.10. Waiver of Jury Trial.

          EACH OF THE ISSUERS, THE GUARANTORS AND THE TRUSTEE HEREBY IRREVOCABLY WAIVES, TO THE FULLEST
EXTENT PERMITTED BY APPLICABLE LAW, ANY AND ALL RIGHT TO TRIAL BY JURY IN ANY LEGAL PROCEEDING
ARISING OUT OF OR RELATING TO THIS INDENTURE, THE NOTES OR THE TRANSACTIONS CONTEMPLATED HEREBY.

Section 12.11. Force Majeure.

          In no event shall the Trustee be responsible or liable for any failure or delay in the
performance of its obligations under this Indenture arising out of or caused by, directly or
indirectly, forces beyond its reasonable 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 or hardware) services.

Section 12.12. No Adverse Interpretation of Other Agreements.

          This Indenture may not be used to interpret any other indenture, loan or debt agreement of the
Issuers or its Restricted Subsidiaries or of any other Person. Any such indenture, loan or debt
agreement may not be used to interpret this Indenture.

Section 12.13. Successors.

133

 

          All agreements of the Issuers in this Indenture and the Notes shall bind their successors.
All agreements of the Trustee in this Indenture shall bind its successors. All agreements of each
Guarantor in this Indenture shall bind its successors, except as otherwise provided in Section
10.05 hereof.

Section 12.14. Severability.

          In case any provision in this 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 12.15. Counterpart Originals.

          The parties may sign any number of copies of this Indenture. Each signed copy shall be an
original, but all of them together represent the same agreement.

Section 12.16. Table of Contents, Headings, etc.

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

Section 12.17. Qualification of Indenture.

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

[Signatures on following page]

134

 

	 	 	 
	AVAGO TECHNOLOGIES FINANCE PTE. LTD.	 	 
	 	 	 
	The Common Seal of
AVAGO TECHNOLOGIES FINANCE PTE. LTD.
was hereunto affixed	)
)
)	[Seal]
	 	 	 
	 	 	 
	/s/ Adam H. Clammer	 	 
	Name: Adam H. Clammer	 	 
	Title: Director	 	 
	 	 	 
	/s/ Kenneth Y. Hao	 	 
	Name: Kenneth Y. Hao	 	 
	Title: Director	 	 
	 	 	 

[SIGNATURE PAGE TO SENIOR INDENTURE]

 

 

	 	 	 	 	 
	 	 	AVAGO TECHNOLOGIES U.S. INC.
	 
	 	 	 	 
	 

	 	By:	 	/s/ Kenneth Y. Hao
	 

	 	 	 	 
	 

	 	 	 	
Name: Kenneth Y. Hao
	 

	 	 	 	
Title: Vice President
	 
	 	 	 	 
	 	 	AVAGO TECHNOLOGIES WIRELESS (U.S.A.)
	 	 	MANUFACTURING INC.
	 
	 	 	 	 
	 

	 	By:	 	/s/ Kenneth Y. Hao
	 

	 	 	 	 
	 

	 	 	 	Name: Kenneth Y. Hao
	 

	 	 	 	Title: Vice President

[SIGNATURE PAGE TO SENIOR INDENTURE]

 

 

	 	 	 
	AVAGO TECHNOLOGIES GENERAL IP
(SINGAPORE) PTE. LTD.	 	 
	 	 	 
	The Common Seal of
AVAGO TECHNOLOGIES GENERAL IP
(SIGNAPORE) PTE. LTD.
was hereunto affixed	)
)
)
 	[Seal]
	 	 	 
	 	 	 
	 	 	 
	/s/ Kenneth Y. Hao	 	 
	Name: Kenneth Y. Hao	 	 
	Title: Director	 	 
	 	 	 
	/s/ Adam H. Clammer	 	 
	Name: Adam H. Clammer	 	 
	Title: Director	 	 
	 	 	 

[SIGNATURE PAGE TO SENIOR INDENTURE]

 

 

	 	 	 
	AVAGO TECHNOLOGIES ECBU IP (SINGAPORE)
PTE. LTD.	 	 
	 	 	 
	The Common Seal of
AVAGO TECHNOLOGIES ECBU IP
(SINGAPORE) PTE. LTD.
was hereunto affixed	)
)
)
 	[Seal]
	 	 	 
	 	 	 
	 	 	 
	/s/ Kenneth Y. Hao	 	 
	Name: Kenneth Y. Hao	 	 
	Title: Director	 	 
	 	 	 
	/s/ Adam H. Clammer	 	 
	Name: Adam H. Clammer	 	 
	Title: Director	 	 
	 	 	 

[SIGNATURE PAGE TO SENIOR INDENTURE]

 

 

	 	 	 
	AVAGO TECHNOLOGIES
MANUFACTURING
(SINGAPORE) PTE. LTD.	 	 
	 	 	 
	The Common Seal of
AVAGO TECHNOLOGIES MANUFACTURING
(SINGAPORE) PTE. LTD.
was hereunto affixed	)
)
)
 	[Seal]
	 	 	 
	 	 	 
	 	 	 
	/s/ Kenneth Y. Hao	 	 
	Name: Kenneth Y. Hao	 	 
	Title: Director	 	 
	 	 	 
	/s/ Adam H. Clammer	 	 
	Name: Adam H. Clammer	 	 
	Title: Director	 	 
	 	 	 

[SIGNATURE PAGE TO SENIOR INDENTURE]

 

 

	 	 	 
	AVAGO TECHNOLOGIES INTERNATIONAL SALES PTE. LIMITED	 	 
	 	 	 
	The Common Seal of
AVAGO TECHNOLOGIES INTERNATIONAL SALES PTE. LIMITED
was hereunto affixed	)
)
)
 	[Seal]
	 	 	 
	 	 	 
	 	 	 
	/s/ Kenneth Y. Hao	 	 
	Name: Kenneth Y. Hao	 	 
	Title: Director	 	 
	 	 	 
	/s/ Adam H. Clammer	 	 
	Name: Adam H. Clammer	 	 
	Title: Director	 	 
	 	 	 

[SIGNATURE PAGE TO SENIOR INDENTURE]

 

 

	 	 	 
	AVAGO TECHNOLOGIES WIRELESS IP
(SINGAPORE) PTE. LTD.	 	 
	 	 	 
	The Common Seal of
AVAGO TECHNOLOGIES WIRELESS IP
(SINGAPORE) PTE. LTD.
was hereunto affixed	)
)
)
 	[Seal]
	 	 	 
	 	 	 
	 	 	 
	/s/ Kenneth Y. Hao	 	 
	Name: Kenneth Y. Hao	 	 
	Title: Director	 	 
	 	 	 
	/s/ Adam H. Clammer	 	 
	Name: Adam H. Clammer	 	 
	Title: Director	 	 
	 	 	 

[SIGNATURE PAGE TO SENIOR INDENTURE]

 

 

	 	 	 
	AVAGO TECHNOLOGIES IMAGING IP
(SINGAPORE) PTE. LTD.	 	 
	 	 	 
	The Common Seal of
AVAGO TECHNOLOGIES IMAGING IP
(SINGAPORE) PTE. LTD.
was hereunto affixed	)
)
)
 	[Seal]
	 	 	 
	 	 	 
	 	 	 
	/s/ Kenneth Y. Hao	 	 
	Name: Kenneth Y. Hao	 	 
	Title: Director	 	 
	 	 	 
	/s/ Adam H. Clammer	 	 
	Name: Adam H. Clammer	 	 
	Title: Director	 	 
	 	 	 

[SIGNATURE PAGE TO SENIOR INDENTURE]

 

 

	 	 	 
	AVAGO TECHNOLOGIES ENTERPRISE IP
(SINGAPORE) PTE. LTD.	 	 
	 	 	 
	The Common Seal of
AVAGO TECHNOLOGIES ENTERPRISE IP
(SINGAPORE) PTE. LTD.
was hereunto affixed	)
)
)
 	[Seal]
	 	 	 
	 	 	 
	 	 	 
	/s/ Kenneth Y. Hao	 	 
	Name: Kenneth Y. Hao	 	 
	Title: Director	 	 
	 	 	 
	/s/ Adam H. Clammer	 	 
	Name: Adam H. Clammer	 	 
	Title: Director	 	 
	 	 	 

[SIGNATURE PAGE TO SENIOR INDENTURE]

 

 

	 	 	 
	AVAGO TECHNOLOGIES STORAGE IP
    (SINGAPORE) PTE. LTD.	 	 
	 	 	 
	The Common Seal of
AVAGO
TECHNOLOGIES STORAGE IP
(SINGAPORE) PTE. LTD.
was hereunto affixed	 	[Seal]
	 	 	 
	 	 	 
	 	 	 
	/s/ Kenneth Y. Hao	 	 
	Name: Kenneth Y. Hao	 	 
	Title: Director	 	 
	 	 	 
	/s/ Adam H. Clammer	 	 
	Name: Adam H. Clammer	 	 
	Title: Director	 	 
	 	 	 

[SIGNATURE PAGE TO SENIOR INDENTURE]

 

 

	 	 	 
	AVAGO TECHNOLOGIES FIBER IP (SINGAPORE)
PTE. LTD.	 	 
	 	 	 
	The Common Seal of
AVAGO TECHNOLOGIES FIBER IP
(SINGAPORE) PTE. LTD.
was hereunto affixed	)
)
)
 	[Seal]
	 	 	 
	 	 	 
	 	 	 
	/s/ Kenneth Y. Hao	 	 
	Name: Kenneth Y. Hao	 	 
	Title: Director	 	 
	 	 	 
	/s/ Adam H. Clammer	 	 
	Name: Adam H. Clammer	 	 
	Title: Director	 	 
	 	 	 

[SIGNATURE PAGE TO SENIOR INDENTURE]

 

 

	 	 	 	 	 
	 	 	AVAGO TECHNOLOGIES IMAGING

(U.S.A.) INC., as U.S. Guarantor

	 
	 	 	 	 
	 

	 	By:	 	/s/ Kenneth Y. Hao
	 

	 	 	 	 
	 

	 	 	 	
Name: Kenneth Y. Hao
	 

	 	 	 	
Title: Vice President
	 
	 	 	 	 
	 	 	AVAGO TECHNOLOGIES STORAGE

 (U.S.A.) INC., as U.S. Guarantor

	 
	 	 	 	 
	 

	 	By:	 	/s/ Kenneth Y. Hao
	 

	 	 	 	 
	 

	 	 	 	Name: Kenneth Y. Hao
	 

	 	 	 	Title: Vice President
	 
	 	 	 	 
	 	 	AVAGO TECHNOLOGIES WIRELESS

 (U.S.A.) INC., as U.S. Guarantor

	 
	 	 	 	 
	 

	 	By:	 	/s/ Kenneth Y. Hao
	 

	 	 	 	 
	 

	 	 	 	Name: Kenneth Y. Hao
	 

	 	 	 	Title: Vice President
	 
	 	 	 	 
	 	 	AVAGO TECHNOLOGIES U.S. R&D

 INC., as U.S. Guarantor

	 
	 	 	 	 
	 

	 	By:	 	/s/ Kenneth Y. Hao
	 

	 	 	 	 
	 

	 	 	 	Name: Kenneth Y. Hao
	 

	 	 	 	Title: Vice President

[SIGNATURE PAGE TO SENIOR INDENTURE]

 

 

	 	 	 	 	 
	 	 	AVAGO TECHNOLOGIES (MALAYSIA)

SDN BHD (Company No: 704181-P, as

Malaysian Guarantor

	 
	 	 	 	 
	 

	 	By:	 	/s/ Kenneth Y. Hao
	 

	 	 	 	 
	 

	 	 	 	
Name: Kenneth Y. Hao
	 

	 	 	 	
Title: Director
	 
	 	 	 	 
	 	 	AVAGO TECHNOLOGIES WIRELESS

 HOLDING (LABUAN)

CORPORATION (Company No:

LL05008), as Labuan Guarantor

	 
	 	 	 	 
	 

	 	By:	 	/s/ Kenneth Y. Hao
	 

	 	 	 	 
	 

	 	 	 	Name: Kenneth Y. Hao
	 

	 	 	 	Title: Director
	 
	 	 	 	 
	 	 	AVAGO TECHNOLOGIES IMAGING

 HOLDING (LABUAN)

CORPORATION (Company No:

LL05006), as Labuan Guarantor

	 
	 	 	 	 
	 

	 	By:	 	/s/ Kenneth Y. Hao
	 

	 	 	 	 
	 

	 	 	 	Name: Kenneth Y. Hao
	 

	 	 	 	Title: Director

[SIGNATURE PAGE TO SENIOR INDENTURE]

 

 

	 	 	 	 	 
	 	AVAGO TECHNOLOGIES FIBER

    HOLDING (LABUAN)

    CORPORATION (Company No:

    LL05009), as Labuan Guarantor	 
	 
	 	 	 	 
	 	By:  	/s/  Kenneth Y. Hao
	 	 	Name:  	Kenneth Y. Hao	 
	 	 	Title:  	Director	 
	 

	 	 	 	 	 
	 	AVAGO TECHNOLOGIES STORAGE

    HOLDING (LABUAN)

    CORPORATION (Company No:

    LL0507), as Labuan Guarantor	 
	 
	 	 	 	 
	 	By:  	/s/  Kenneth Y. Hao
	 	 	Name:  	Kenneth Y. Hao	 
	 	 	Title:  	Director	 
	 

	 	 	 	 	 
	 	AVAGO TECHNOLOGIES ENTERPRISE

    HOLDING (LABUAN)

    CORPORATION (Company No:

    LL05005), as Labuan Guarantor	 
	 
	 	 	 	 
	 	By:  	/s/  Kenneth Y. Hao
	 	 	Name:  	Kenneth Y. Hao	 
	 	 	Title:  	Director	 
	 

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	 	 	AVAGO TECHNOLOGIES HOLDINGS

B.V., as Dutch Guarantor

	 
	 	 	 	 
	 

	 	By:	 	/s/ Kenneth Y. Hao
	 

	 	 	 	 
	 

	 	 	 	
Name: Kenneth Y. Hao
	 

	 	 	 	
Title: Managing Director
	 
	 	 	 	 
	 	 	AVAGO TECHNOLOGIES WIRELESS

HOLDINGS, B.V., as Dutch Guarantor

	 
	 	 	 	 
	 

	 	By:	 	/s/ Kenneth Y. Hao
	 

	 	 	 	 
	 

	 	 	 	Name: Kenneth Y. Hao
	 

	 	 	 	Title: Managing Director
	 
	 	 	 	 
	 	 	AVAGO TECHNOLOGIES STORAGE

HOLDINGS B.V., as Dutch Guarantor

	 
	 	 	 	 
	 

	 	By:	 	/s/ Kenneth Y. Hao
	 

	 	 	 	 
	 

	 	 	 	Name: Kenneth Y. Hao
	 

	 	 	 	Title: Managing Director
	 
	 	 	 	 
	 	 	AVAGO TECHNOLOGIES IMAGING

HOLDINGS B.V., as Dutch Guarantor

	 
	 	 	 	 
	 

	 	By:	 	/s/ Kenneth Y. Hao
	 

	 	 	 	 
	 

	 	 	 	Name: Kenneth Y. Hao
	 

	 	 	 	Title: Managing Director

[SIGNATURE PAGE TO SENIOR INDENTURE]

 

 

	 	 	 	 	 
	 	AVAGO TECHNOLOGIES JAPAN, LTD.,

    as Japanese Guarantor	 
	 
	 	 	 	 
	 	By:  	/s/  Adam
H. Clammer	 
	 	 	Name:  	Adam
H. Clammer	 
	 	 	Title:  	Attorney-in-fact	 
	 

	 	 	 	 	 
	 	AVAGO TECHNOLOGIES CANADA

    CORPORATION, as Canadian

    Guarantor	 
	 
	 	 	 	 
	 	By:  	/s/  Adam
H. Clammer	 
	 	 	Name:  	Adam H. Clammer	 
	 	 	Title:  	Secretary	 
	 

	 	 	 	 	 
	 	AVAGO TECHNOLOGIES MEXICO, S.

    DE R.L. DE D.V., as Mexican

    Guarantor	 
	 
	 	 	 	 
	 	By:  	/s/  Adam
H. Clammer	 
	 	 	Name:  	Adam H. Clammer	 
	 	 	Title:  	Attorney-in-fact	 
	 

	 	 	 	 	 
	 	AVAGO TECHNOLOGIES U.K., LTD., as

    U.K. Guarantor	 
	 
	 	 	 	 
	 	By:  	/s/  Adam
H. Clammer	 
	 	 	Name:  	Adam H. Clammer	 
	 	 	Title:  	Director	 
	 

[SIGNATURE
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	 	AVAGO TECHNOLOGIES GMBH, as

    German Guarantor	 
	 
	 	 	 	 
	 	By:  	/s/  Kenneth Y. Hao
	 	 	Name:  	Kenneth Y. Hao	 
	 	 	Title:  	Managing Director	 
	 

[SIGNATURE
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	 	AVAGO TECHNOLOGIES ITALY S.R.L.,

    as Italian Guarantor	 
	 
	 	 	 	 
	 	By:  	/s/  Kenneth Y. Hao
	 	 	Name:  	Kenneth Y. Hao	 
	 	 	Title:  	Director	 
	 

[SIGNATURE
PAGE TO SENIOR INDENTURE]

 

	 	 	 	 	 
	 	THE BANK OF NEW YORK,

as Trustee	 
	 
	 	 	 	 
	 	By:  	/s/  Stanislav
Pertsev
	 	 	Name:  	Stanislav
Pertsev	 
	 	 	Title:  	Assistant Treasurer	 
	 

[SIGNATURE
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Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00110-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00110-of-00352.parquet"}]]