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 Exhibit 4.6  

Regal Cinemas Corporation  

(as Issuer) 

Regal Cinemas, Inc.

Regal Cinemas Holdings, Inc.

Regal Cinemas Group, Inc.

R.C. Cobb, Inc.

Cobb Finance Corp.

Regal Investment Company

Act III Cinemas, Inc.

Act III Theatres, Inc.

Act III Inner Loop Theatres, Inc.

A 3 Theatres of Texas, Inc.

A 3 Theatres of San Antonio, Ltd.

General American Theatres, Inc.

Broadway Cinemas, Inc.

TEMT Alaska, Inc.

J.R. Cinemas, Inc.

Eastgate Theatre, Inc.  

(each a Guarantor) 

93/8%
Senior Subordinated Notes due 2012 

INDENTURE  

Dated as of January 29, 2002 

U.S. Bank National Association
  (as Trustee) 

 

TABLE OF CONTENTS  

	 
	 	 
	 	Page
 

	ARTICLE I    DEFINITIONS AND INCORPORATION BY REFERENCE	 	2
	 	SECTION 1.1	 	DEFINITIONS	 	2
	 	SECTION 1.2	 	OTHER DEFINITIONS	 	24
	 	SECTION 1.3	 	INCORPORATION BY REFERENCE OF TRUST INDENTURE ACT	 	25
	 	SECTION 1.4	 	RULES OF CONSTRUCTION	 	25
	
ARTICLE II    THE NOTES	
 	

26
	 	SECTION 2.1	 	FORM AND DATING	 	26
	 	SECTION 2.2	 	EXECUTION AND AUTHENTICATION	 	27
	 	SECTION 2.3	 	REGISTRAR, PAYING AGENT AND DEPOSITARY	 	27
	 	SECTION 2.4	 	PAYING AGENT TO HOLD MONEY IN TRUST	 	27
	 	SECTION 2.5	 	HOLDER LISTS	 	28
	 	SECTION 2.6	 	TRANSFER AND EXCHANGE	 	28
	 	SECTION 2.7	 	REPLACEMENT NOTES	 	40
	 	SECTION 2.8	 	OUTSTANDING NOTES	 	40
	 	SECTION 2.9	 	TREASURY NOTES	 	40
	 	SECTION 2.10	 	TEMPORARY NOTES	 	40
	 	SECTION 2.11	 	CANCELLATION	 	41
	 	SECTION 2.12	 	DEFAULTED INTEREST	 	41
	 	SECTION 2.13	 	CUSIP NUMBERS	 	42
	 	SECTION 2.14	 	ISSUANCE OF ADDITIONAL NOTES	 	42
	
ARTICLE III    REDEMPTION	
 	

42
	 	SECTION 3.1	 	NOTICES TO TRUSTEE	 	42
	 	SECTION 3.2	 	SELECTION OF NOTES TO BE REDEEMED	 	42
	 	SECTION 3.3	 	NOTICE OF REDEMPTION	 	43

 

	 	SECTION 3.4	 	EFFECT OF NOTICE OF REDEMPTION	 	44
	 	SECTION 3.5	 	DEPOSIT OF REDEMPTION PRICE	 	44
	 	SECTION 3.6	 	NOTES REDEEMED IN PART	 	44
	 	SECTION 3.7	 	OPTIONAL REDEMPTION	 	44
	 	SECTION 3.8	 	NO MANDATORY REDEMPTION	 	45
	
ARTICLE IV    COVENANTS	
 	

45
	 	SECTION 4.1	 	PAYMENT OF NOTES	 	45
	 	SECTION 4.2	 	MAINTENANCE OF OFFICE OR AGENCY	 	46
	 	SECTION 4.3	 	SEC REPORTS AND REPORTS TO HOLDERS	 	46
	 	SECTION 4.4	 	COMPLIANCE CERTIFICATE	 	47
	 	SECTION 4.5	 	TAXES	 	47
	 	SECTION 4.6	 	STAY, EXTENSION AND USURY LAWS	 	47
	 	SECTION 4.7	 	LIMITATION ON INCURRENCE OF ADDITIONAL INDEBTEDNESS AND DISQUALIFIED CAPITAL STOCK	 	47
	 	SECTION 4.8	 	LIMITATION ON LIENS	 	48
	 	SECTION 4.9	 	LIMITATION ON RESTRICTED PAYMENTS	 	49
	 	SECTION 4.10	 	LIMITATION ON DIVIDENDS AND OTHER PAYMENT RESTRICTIONS AFFECTING SUBSIDIARIES	 	52
	 	SECTION 4.11	 	LIMITATION ON LINES OF BUSINESS	 	53
	 	SECTION 4.12	 	LIMITATION ON TRANSACTIONS WITH AFFILIATES	 	53
	 	SECTION 4.13	 	LIMITATION ON SALE OF ASSETS AND SUBSIDIARY STOCK	 	53
	 	SECTION 4.14	 	REPURCHASE OF NOTES AT THE OPTION OF THE HOLDER UPON A CHANGE OF CONTROL	 	57
	 	SECTION 4.15	 	LIMITATION ON LAYERING	 	58
	 	SECTION 4.16	 	SUBSIDIARY GUARANTORS	 	59
	 	SECTION 4.17	 	LIMITATION ON STATUS AS INVESTMENT COMPANY	 	59
	 	SECTION 4.18	 	MAINTENANCE OF PROPERTIES AND INSURANCE	 	59
	 	SECTION 4.19	 	CORPORATE EXISTENCE	 	59

 

	
ARTICLE V    SUCCESSORS	
 	

60
	 	SECTION 5.1	 	MERGER, CONSOLIDATION OR SALE OF ASSETS	 	60
	 	SECTION 5.2	 	SUCCESSOR CORPORATION SUBSTITUTED	 	60
	
ARTICLE VI    DEFAULTS AND REMEDIES	
 	

61
	 	SECTION 6.1	 	EVENTS OF DEFAULT	 	61
	 	SECTION 6.2	 	ACCELERATION	 	62
	 	SECTION 6.3	 	OTHER REMEDIES	 	64
	 	SECTION 6.4	 	WAIVER OF PAST DEFAULTS	 	64
	 	SECTION 6.5	 	CONTROL BY MAJORITY	 	64

 

	 	SECTION 6.6	 	LIMITATION ON SUITS	 	65
	 	SECTION 6.7	 	RIGHTS OF HOLDERS OF NOTES TO RECEIVE PAYMENT	 	65
	 	SECTION 6.8	 	COLLECTION SUIT BY TRUSTEE	 	65
	 	SECTION 6.9	 	TRUSTEE MAY FILE PROOFS OF CLAIM	 	66
	 	SECTION 6.10	 	PRIORITIES	 	66
	 	SECTION 6.11	 	UNDERTAKING FOR COSTS	 	67
	
ARTICLE VII    TRUSTEE	
 	

67
	 	SECTION 7.1	 	DUTIES OF TRUSTEE	 	67
	 	SECTION 7.2	 	RIGHTS OF TRUSTEE	 	68
	 	SECTION 7.3	 	INDIVIDUAL RIGHTS OF TRUSTEE	 	69
	 	SECTION 7.4	 	TRUSTEE'S DISCLAIMER	 	69
	 	SECTION 7.5	 	NOTICE OF DEFAULTS	 	69
	 	SECTION 7.6	 	REPORTS BY TRUSTEE TO HOLDERS OF THE NOTES	 	69
	 	SECTION 7.7	 	COMPENSATION AND INDEMNITY	 	70
	 	SECTION 7.8	 	REPLACEMENT OF TRUSTEE	 	71
	 	SECTION 7.9	 	SUCCESSOR TRUSTEE BY MERGER, ETC	 	72
	 	SECTION 7.10	 	ELIGIBILITY; DISQUALIFICATION	 	72
	 	SECTION 7.11	 	PREFERENTIAL COLLECTION OF CLAIMS AGAINST COMPANY	 	72
	
ARTICLE VIII    LEGAL DEFEASANCE AND COVENANT DEFEASANCE	
 	

72
	 	SECTION 8.1	 	OPTION TO EFFECT LEGAL DEFEASANCE OR COVENANT DEFEASANCE	 	72
	 	SECTION 8.2	 	LEGAL DEFEASANCE AND DISCHARGE	 	72
	 	SECTION 8.3	 	COVENANT DEFEASANCE	 	73
	 	SECTION 8.4	 	CONDITIONS TO LEGAL OR COVENANT DEFEASANCE	 	73
	 	SECTION 8.5	 	DEPOSITED MONEY AND GOVERNMENT SECURITIES TO BE HELD IN TRUST; OTHER MISCELLANEOUS PROVISIONS	 	75
	 	SECTION 8.6	 	REPAYMENT TO COMPANY	 	75
	 	SECTION 8.7	 	REINSTATEMENT	 	75

 

	
ARTICLE IX    AMENDMENT, SUPPLEMENT AND WAIVER	
 	

76
	 	SECTION 9.1	 	WITHOUT CONSENT OF HOLDERS OF NOTES	 	76
	 	SECTION 9.2	 	WITH CONSENT OF HOLDERS OF NOTES	 	77
	 	SECTION 9.3	 	COMPLIANCE WITH TRUST INDENTURE ACT	 	78
	 	SECTION 9.4	 	REVOCATION AND EFFECT OF CONSENTS	 	78
	 	SECTION 9.5	 	NOTATION ON OR EXCHANGE OF NOTES	 	79
	 	SECTION 9.6	 	TRUSTEE TO SIGN AMENDMENTS, ETC	 	79
	
ARTICLE X    GUARANTEES	
 	

79
	 	SECTION 10.1	 	GUARANTEES	 	79
	 	SECTION 10.2	 	EXECUTION AND DELIVERY OF GUARANTEES	 	81
	 	SECTION 10.3	 	GUARANTORS MAY CONSOLIDATE, ETC., ON CERTAIN TERMS	 	81
	 	SECTION 10.4	 	RELEASE OF GUARANTORS	 	82
	 	SECTION 10.5	 	LIMITATION OF GUARANTOR'S LIABILITY; CERTAIN BANKRUPTCY EVENTS	 	82
	 	SECTION 10.6	 	APPLICATION OF CERTAIN TERMS AND PROVISIONS TO THE GUARANTORS	 	83
	 	SECTION 10.7	 	SUBORDINATION OF GUARANTEES	 	83
	
ARTICLE XI    SUBORDINATION	
 	

84
	 	SECTION 11.2	 	NO PAYMENT ON NOTES IN CERTAIN CIRCUMSTANCES	 	84

 

	 	SECTION 11.3	 	NOTES SUBORDINATED TO PRIOR PAYMENT OF ALL SENIOR INDEBTEDNESS ON DISSOLUTION, LIQUIDATION OR REORGANIZATION	 	85
	 	SECTION 11.4	 	HOLDERS TO BE SUBROGATED TO RIGHTS OF HOLDERS OF SENIOR INDEBTEDNESS	 	86
	 	SECTION 11.5	 	RELATIVE RIGHTS	 	86
	 	SECTION 11.6	 	TRUSTEE ENTITLED TO ASSUME PAYMENTS NOT PROHIBITED IN ABSENCE OF NOTICE	 	86
	 	SECTION 11.7	 	APPLICATION BY TRUSTEE OF ASSETS DEPOSITED WITH IT	 	87
	 	SECTION 11.8	 	SUBORDINATION RIGHTS NOT IMPAIRED BY ACTS OR OMISSIONS OF THE COMPANY, THE GUARANTORS OR HOLDERS OF SENIOR INDEBTEDNESS	 	87
	 	SECTION 11.9	 	HOLDERS AUTHORIZE TRUSTEE TO EFFECTUATE SUBORDINATION OF NOTES	 	88
	 	SECTION 11.10	 	RIGHT OF TRUSTEE TO HOLD SENIOR INDEBTEDNESS	 	88
	 	SECTION 11.11	 	ARTICLE XI    NOT TO PREVENT EVENTS OF DEFAULT	 	88
	 	SECTION 11.12	 	NO FIDUCIARY DUTY OF TRUSTEE TO HOLDERS OF SENIOR INDEBTEDNESS	 	89
	
ARTICLE XII    MISCELLANEOUS	
 	

89
	 	SECTION 12.1	 	TRUST INDENTURE ACT CONTROLS	 	89
	 	SECTION 12.2	 	NOTICES	 	89
	 	SECTION 12.3	 	COMMUNICATION BY HOLDERS OF NOTES WITH OTHER HOLDERS OF NOTES	 	90
	 	SECTION 12.4	 	CERTIFICATE AND OPINION AS TO CONDITIONS PRECEDENT	 	90
	 	SECTION 12.5	 	STATEMENTS REQUIRED IN CERTIFICATE OR OPINION	 	91
	 	SECTION 12.6	 	RULES BY TRUSTEE AND AGENTS	 	91
	 	SECTION 12.7	 	NO PERSONAL LIABILITY OF DIRECTORS, OFFICERS, EMPLOYEES AND STOCKHOLDERS	 	91
	 	SECTION 12.8	 	GOVERNING LAW	 	92
	 	SECTION 12.9	 	NO ADVERSE INTERPRETATION OF OTHER AGREEMENTS	 	92
	 	SECTION 12.10	 	SUCCESSORS	 	92
	 	SECTION 12.11	 	SEVERABILITY	 	92
	 	SECTION 12.12	 	COUNTERPART ORIGINALS	 	92
	 	SECTION 12.13	 	TABLE OF CONTENTS, HEADINGS, ETC.	 	92

 

	
EXHIBIT A

        FORM OF NOTE	
 	

A-1
	
EXHIBIT B

        FORM OF CERTIFICATE OF TRANSFER	
 	

B-1
	
EXHIBIT C

        FORM OF CERTIFICATE OF EXCHANGE	
 	

C-1
	
EXHIBIT D

        FORM OF CERTIFICATE FROM ACQUIRING INSTITUTIONAL ACCREDITED INVESTOR	
 	

D-1
	
EXHIBIT E

        FORM OF SUPPLEMENTAL INDENTURE TO BE DELIVERED BY SUBSEQUENT GUARANTORS	
 	

E-1

 

CROSS-REFERENCE TABLE*  

	TIA Section
 
	 	Indenture Section
 

	310(a)(1)	 	7.10
	      (a)(2)	 	7.10
	      (a)(3)	 	N.A.
	      (a)(4)	 	N.A.
	      (a)(5)	 	7.8; 7.10
	      (b)	 	7.8; 7.10; 12.2
	      (c)	 	N.A.
	311(a)	 	7.11
	      (b)	 	7.11
	      (c)	 	N.A.
	312(a)	 	2.5
	      (b)	 	12.3
	      (c)	 	12.3
	313(a)	 	7.6
	      (b)(1)	 	N.A.
	      (b)(2)	 	7.6
	      (c)	 	7.6; 12.2
	      (d)	 	7.6
	314(a)	 	4.3; 4.4; 12 .2
	      (b)	 	N.A.
	      (c)(1)	 	12.4
	      (c)(2)	 	12.4
	      (c)(3)	 	N.A.
	      (d)	 	N.A.
	      (e)	 	12.5
	      (f)	 	N.A.
	315(a)	 	7.1(b)
	      (b)	 	7.5; 12.2
	      (c)	 	7.1(a)
	      (d)	 	7.1(c)
	      (e)	 	6.11
	316(a)(last sentence)	 	2.9
	      (a)(1)(A)	 	6.5
	      (a)(1)(B)	 	6.4
	      (a)(2)	 	N.A.
	      (b)	 	6.7
	      (c)	 	6.4
	317(a)(1)	 	6.8
	      (a)(2)	 	6.9
	      (b)	 	2.4
	318(a)	 	12.1
	      (c)	 	12.1

N.A.
means not applicable 

*
This Cross-Reference table shall not, for any purpose, be deemed to be part of this Indenture.

        INDENTURE, dated as of January 29, 2002, among Regal Cinemas Corporation, a Delaware corporation (the "Company"), the Guarantors (as defined), and U.S. Bank National Association,
as trustee (the "Trustee"). 

        Each
party agrees as follows for the benefit of each other and for the equal and ratable benefit of the Holders of the 93/8% Senior Subordinated Notes due 2012 issued
hereunder (the "Notes"): 

ARTICLE I

DEFINITIONS AND INCORPORATION

BY REFERENCE  

SECTION
1.1    DEFINITIONS    

        "144A Global Note" means one or more Global Notes bearing the Private Placement Legend, that shall be issued in an aggregate amount of
denominations equal in total to the outstanding principal amount of the Notes sold in reliance on Rule 144A. 

        "Accrued Bankruptcy Interest" means, with respect to any Indebtedness, all interest accruing thereon after the filing of a petition by or
against the Company or any of its Subsidiaries or any Parent under any Bankruptcy Law, in accordance with and at the rate (including any rate applicable upon any default or event of default, to the
extent lawful) specified in the documents evidencing or governing such Indebtedness, whether or not the claim for such interest is allowed as a claim after such filing in any proceeding under such
Bankruptcy Law. 

        "Acquired Indebtedness" means Indebtedness (including Disqualified Capital Stock) of any Person existing at the time such Person becomes a
Subsidiary of the Company, including by designation, or is merged or consolidated into or with the Company or one of its Subsidiaries. 

        "Acquisition" means the purchase or other acquisition of any Person or all or substantially all the assets of any Person by any other
Person, whether by purchase, merger, consolidation, or other transfer, and whether or not for consideration. 

        "Affiliate" means, with respect to any Person, any other Person directly or indirectly controlling or controlled by or under direct or
indirect common control with such Person. For purposes of this definition, the term "control" means the power to direct the management and policies of a Person, directly or through one or more
intermediaries, whether through the ownership of voting securities, by contract, or otherwise; provided, that with respect to ownership interests in the
Company and its Subsidiaries, a Beneficial Owner of 10% or more of the total voting power normally entitled to vote in the election of directors, managers or trustees, as applicable, shall for such
purposes be deemed to possess control. Notwithstanding the foregoing, Affiliate shall not include Wholly Owned Subsidiaries. 

        "Agent" means any Registrar, Paying Agent or co-registrar. 

        "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 Clearstream that apply to such transfer or exchange at the relevant time. 

        "Average Life" means, as of the date of determination, with respect to any security or instrument, the quotient obtained by dividing
(1) the sum of the products (a) of the number of years from the date of determination to the date or dates of each successive scheduled principal (or redemption) payment of such security
or instrument and (b) the amount of each such respective principal (or redemption) payment by (2) the sum of all such principal (or redemption) payments. 

        "Bankruptcy Code" means the United States Bankruptcy Code, codified at 11 U.S.C. §101-1330, as amended. 

        "Bankruptcy Law" means Title 11, U.S. Code, or any similar Federal, state or foreign law for the relief of debtors.

        "Beneficial Owner" or "beneficial owner" for purposes of the definition of Change of
Control and Affiliate has the meaning attributed to it in Rules 13d-3 and 13d-5 under the Exchange Act (as in effect on the Issue Date), whether or not applicable. 

        "Board of Directors" means the board of directors of the Company or any committee of the board of directors authorized, with respect to
any particular matter, to exercise the power of the board of directors of the Company. 

        "Business Day" means each Monday, Tuesday, Wednesday, Thursday and Friday which is not a day on which banking institutions in New York,
New York are authorized or obligated by law or executive order to close. 

        "Capital Contribution" means any contribution to the equity of the Company from a direct or indirect parent of the Company for which no
consideration other than the issuance of Qualified Capital Stock is given. 

        "Capitalized Lease Obligation" means, as to any Person, the obligations of such Person under a lease that are required to be classified
and accounted for as capital lease obligations under GAAP and, for purposes of this definition, the amount of such obligations at any date shall be the capitalized amount of such obligations at such
date, determined in accordance with GAAP; provided, however, that any Permitted Lease Financing Arrangements shall not be considered "Capitalized Lease Obligations" of the Company or any of its
Subsidiaries. 

        "Capital Stock" means, with respect to any corporation, any and all shares, interests, rights to purchase (other than convertible or
exchangeable Indebtedness that is not itself otherwise capital stock), warrants, options, participations or other equivalents of or interests (however designated) in stock issued by that corporation. 

        "Cash Equivalent" means: 

        (1)  securities
issued or directly and fully guaranteed or insured by the United States of America or any agency or instrumentality thereof
(provided, that the full faith and credit of the United States of America is pledged in support thereof), 

        (2)  time
deposits and certificates of deposit and commercial paper issued by the parent corporation of any domestic commercial bank of recognized standing having capital and
surplus in excess of $500,000,000, 

        (3)  commercial
paper issued by others rated at least A-2 or the equivalent thereof by Standard & Poor's Corporation or at least P-2 or the
equivalent thereof by Moody's Investors Service, Inc., 

        and
in the case of each of (1), (2) and (3) maturing within one year after the date of acquisition, or 

        (4)  money
market funds consisting of investments listed in (1), (2) or (3) above. 

        "Change of Control" means (1) prior to consummation of the first Public Equity Offering after the Issue Date, the Permitted Holders
shall cease to beneficially own, in the aggregate, a majority of the voting power of the Voting Equity Interests of the Company, or (2) following the consummation of the first Public Equity
Offering after the Issue Date, (A) any merger or consolidation of the Company with or into any Person or any sale, transfer or other conveyance, whether direct or indirect, of all or
substantially all of the Company's assets, on a consolidated basis, in one transaction or a series of related transactions, if, immediately after giving effect to such transaction(s), any "person"
(including any group that is deemed to be a "person") (other than the Permitted Holders) is or becomes the beneficial owner of more than 35% of the aggregate voting power of the Voting Equity
Interests of the transferee(s) or surviving entity or entities and the Permitted Holders, in the aggregate, beneficially own, directly or indirectly, less voting power than such person, (B) any
"person" (including any group that is deemed to be a "person") (other than the Permitted Holders) is or becomes the beneficial owner of more than 35% of the aggregate voting power of the Voting Equity
Interests of the Company and the Permitted Holders, in the aggregate, beneficially own, directly or indirectly, less voting power

 
than such person, (C) the Continuing Directors cease for any reason to constitute a majority of the Company's Board of Directors then in office, or (D) the Company adopts a plan of
liquidation. As used in this definition, "person" (including any group that is deemed to be a "person") has the meaning given by Sections 13 (d) of the Exchange Act, whether or not applicable. 

        "Clearstream" means Clearstream Banking Luxembourg, or its successors. 

        "Consolidation" or "consolidation" means, with respect to the Company, the consolidation
of the accounts of the Subsidiaries with those of the Company, all in accordance with GAAP; provided that "consolidation" shall not include
consolidation of the accounts of any Unrestricted Subsidiary with the accounts of the Company. The term "consolidated" has a correlative meaning to the foregoing. 

        "Consolidated Coverage Ratio" of any Person on any date of determination (the "Transaction Date") means the ratio, on a  pro forma basis, of (a) the aggregate amount
of Consolidated EBITDA of such Person attributable to continuing operations and businesses
(exclusive of amounts attributable to operations and businesses permanently discontinued or disposed of) for the Reference Period to (b) the aggregate Consolidated Fixed Charges of such Person
(exclusive of amounts attributable to operations and businesses permanently discontinued or disposed of, but only to the extent that the obligations giving rise to such Consolidated Fixed Charges
would no longer be obligations contributing to such Person's Consolidated Fixed Charges subsequent to the Transaction Date) during the Reference Period;  provided, that for purposes of such calculation:

        (1)  Acquisitions
which occurred during the Reference Period or subsequent to the Reference Period and on or prior to the Transaction Date shall be assumed to have occurred
on the first day of the Reference Period, 

        (2)  transactions
giving rise to the need to calculate the Consolidated Coverage Ratio shall be assumed to have occurred on the first day of the Reference Period, 

        (3)  the
incurrence of any Indebtedness (including issuance of any Disqualified Capital Stock) during the Reference Period or subsequent to the Reference Period and on or
prior to the Transaction Date (and the application of the proceeds therefrom to the extent used to refinance or retire other Indebtedness) (other than Indebtedness incurred under any revolving credit
facility) shall be assumed to have occurred on the first day of the Reference Period, 

        (4)  the
Consolidated Fixed Charges of such Person attributable to interest on any Indebtedness or dividends on any Disqualified Capital Stock bearing a floating interest (or
dividend) rate shall be computed on a pro forma basis as if the average rate in effect from the beginning of the Reference Period to the Transaction
Date had been the applicable rate for the entire period, unless such Person or any of its Subsidiaries is a party to an Interest Swap or Hedging Obligation (which shall remain in effect for the
12-month period immediately following the Transaction Date) that has the effect of fixing the interest rate on the date of computation, in which case such rate (whether higher or lower)
shall be used, and 

        (5)  for
purposes of determining the Company's Consolidated Coverage Ratio (and the components thereof) for any Reference Period that includes December 27, 2001, the
transactions constituting the "Reorganization" and the "Transactions," in each case as described in the Offering Circular, shall be assumed to have occurred on the first day of the Reference Period. 

        "Consolidated EBITDA" means, with respect to any Person, for any period, the Consolidated Net Income of such Person for such period
adjusted to add thereto (to the extent deducted from net revenues in determining Consolidated Net Income), without duplication the sum of 

        (1)  Consolidated
income tax expense and any payments made to a parent entity pursuant to clause (i) of Section 4.9(c)(5) hereof, 

        (2)  Consolidated
depreciation and amortization expense, 

        (3)  Consolidated
Fixed Charges, and

        (4)  all
other non-cash charges (other than any other non-cash charge to the extent it represents an accrual of or reserve for cash expenses in any
future period or amortization of a prepaid cash expense in a prior period), 

less
(a) the amount of all cash payments made by such Person or any of its Subsidiaries during such period to the extent such payments relate to non-cash charges that were added
back in determining Consolidated EBITDA for such period or any prior period, and (b) any lease payments in connection with any Permitted Lease Financing Arrangements, to the extent such lease
payments were not deducted in determining the Consolidated Net Income of such Person; provided, that consolidated income tax expense and depreciation
and amortization of a Subsidiary that is a less than Wholly Owned Subsidiary shall only be added to the extent of the equity interest of the Company in such Subsidiary. 

        "Consolidated Fixed Charges" of any Person means, for any period, the aggregate amount (without duplication and determined in each case in
accordance with GAAP) of: 

        (a)  interest
expensed or capitalized, paid, accrued, or scheduled to be paid or accrued (including, in accordance with the following sentence, interest attributable to
Capitalized Lease Obligations) of such Person and its Consolidated Subsidiaries during such period, including (1) original issue discount and non-cash interest payments or accruals
on any Indebtedness, (2) the interest portion of all deferred payment obligations, and (3) all commissions, discounts and other fees and charges owed with respect to bankers' acceptances
and letters of credit financings and currency and Interest Swap and Hedging Obligations, in each case to the extent attributable to such period, 

        (b)  the
amount of dividends accrued or payable (or guaranteed) by such Person or any of its Consolidated Subsidiaries in respect of Preferred Stock (other than by
Subsidiaries of such Person to such Person or such Person's Wholly Owned Subsidiaries and than those paid solely in Equity Interests other than Disqualified Capital Stock), and 

        (c)  the
amount of dividends accrued or payable in respect of any Disqualified Capital Stock of such Person and its Subsidiaries (other than those paid solely in Equity
Interests other than Disqualified Capital Stock). 

        For
purposes of this definition, (x) interest on a Capitalized Lease Obligation shall be deemed to accrue at an interest rate reasonably determined in good faith by the Company to
be the rate of interest
implicit in such Capitalized Lease Obligation in accordance with GAAP and (y) interest expense attributable to any Indebtedness represented by the guaranty by such Person or a Subsidiary of
such Person of an obligation of another Person shall be deemed to be the interest expense attributable to the Indebtedness guaranteed. For purposes of this definition, lease payments in connection
with any Permitted Lease Financing Arrangements shall not be considered "Consolidated Fixed Charges" of the Company or its Subsidiaries to the extent such lease payments were deducted in determining
the Company's or its Subsidiaries' "Consolidated EBITDA." 

        "Consolidated Net Income" means, with respect to any Person for any period, the net income (or loss) of such Person and its Consolidated
Subsidiaries, reduced by any payments made pursuant to clause (c)(5) of Section 4 .9 hereof (determined on a consolidated basis in accordance with GAAP) for such period, adjusted to
exclude (only to the extent included in computing such net income (or loss) and without duplication): 

        (a)  all
gains (but not losses) which are either extraordinary (as determined in accordance with GAAP) or are either unusual or nonrecurring (including any gain from the sale
or other disposition of assets outside the ordinary course of business or from the issuance or sale of any capital stock), 

        (b)  the
net income, if positive, of any Person, other than a Consolidated Subsidiary, in which such Person or any of its Consolidated Subsidiaries has an interest, except to
the extent of the amount of any dividends or distributions actually paid in cash to such Person or a Consolidated Subsidiary of such Person during such period, but in any case not in excess of such
Person's pro rata share of such Person's net income for such period, and

        (c)  the
net income, if positive, of any of such Person's Consolidated Subsidiaries to the extent that the declaration or payment of dividends or similar distributions is not
at the time permitted by operation of the terms of its charter or bylaws or any other agreement, instrument, judgment, decree, order, statute, rule or governmental regulation applicable to such
Consolidated Subsidiary. 

        "Consolidated Subsidiary" means, for any Person, each Subsidiary of such Person (whether now existing or hereafter created or acquired)
the financial statements of which are consolidated for financial statement reporting purposes with the financial statements of such Person in accordance with GAAP. 

        "Continuing Director" means during any period of 12 consecutive months after the Issue Date, individuals who at the beginning of any such
12-month period constituted the Board of Directors (together with any new directors whose election by such Board of Directors or whose nomination for election by the shareholders of the
Company was approved by a vote of a majority of the directors then still in office who were either directors at the beginning of such period or whose election or nomination
for election was previously so approved, including new directors designated in or provided for in an agreement regarding the merger, consolidation or sale, transfer or other conveyance, of all or
substantially all of the assets of the Company or the Parent, if such agreement was approved by a vote of such majority of directors). 

        "Corporate Trust Office" shall be at the address of the Trustee specified in Section 12.2 hereof or such other address as to which
the Trustee may give notice to the Company. 

        "Credit Agreement" means the credit agreement dated as of the Issue Date by and among the Company, certain of its Subsidiaries, certain
financial institutions and Lehman Brothers, Inc., as agent, providing for (A) an aggregate $270,000,000 term loan facility, and (B) an aggregate $100,000,000 revolving credit
facility, including any related notes, guarantees, collateral documents, instruments and agreements executed in connection therewith, as such credit agreement and/or related documents may be amended,
restated, supplemented, renewed, replaced or otherwise modified from time to time whether or not with the same agent, trustee, representative lenders or holders, and, subject to the proviso to the
next succeeding sentence, irrespective of any changes in the terms and conditions thereof. Without limiting the generality of the foregoing, the term "Credit Agreement" shall include agreements in
respect of Interest Swap and Hedging Obligations with lenders (or Affiliates thereof) party to the Credit Agreement and shall also include any amendment, amendment and restatement, renewal, extension,
restructuring, supplement or modification to any Credit Agreement and all refundings, refinancings and replacements of any Credit Agreement, including any credit agreement: 

        (1)  extending
the maturity of any Indebtedness incurred thereunder or contemplated thereby, 

        (2)  adding
or deleting borrowers or guarantors thereunder, so long as borrowers and issuers include one or more of the Company and its Subsidiaries and their respective
successors and assigns, 

        (3)  increasing
the amount of Indebtedness incurred thereunder or available to be borrowed thereunder; provided, that on the
date such Indebtedness is incurred it would not be prohibited by the covenant "Limitation on Incurrence of Additional Indebtedness and Disqualified Capital Stock", or 

        (4)  otherwise
altering the terms and conditions thereof in a manner not prohibited by the terms of this Indenture. 

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

        "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 one or more certificated Notes registered in the name of the Holder thereof and issued in accordance with
Section 2.6 hereof, in the form of Exhibit A hereto except that such Note shall not include the information called for by footnotes 3, 4 and 5 thereof.

        "Depositary" means, with respect to the Notes issuable or issued in whole or in part in global form, the Person specified in
Section 2.3 hereof as the Depositary with respect to the Notes, until a successor shall have been appointed and become such pursuant to the applicable provisions of this Indenture, and
thereafter "Depositary" shall mean or include such successor. 

        "Disqualified Capital Stock" means with respect to any Person, (a) Equity Interests of such Person that, by its terms or by the
terms of any security into which it is convertible, exercisable or exchangeable, is, or upon the happening of an event or the passage of time or both would be, required to be redeemed or repurchased
including at the option of the holder thereof by such Person or any of its Subsidiaries, in whole or in part, on or prior to 91 days following the Stated Maturity of the Notes and
(b) any Equity Interests of any Subsidiary of such Person other than any common equity with no preferences, privileges, and no redemption or repayment provisions. Notwithstanding the foregoing,
any Equity Interests that would constitute Disqualified Capital Stock solely because the holders thereof have the right to require the Company to repurchase such Equity Interests upon the occurrence
of a change of control or an asset sale shall not constitute Disqualified Capital Stock if the terms of such Equity Interests provide that the Company may not repurchase or redeem any such Equity
Interests pursuant to such provisions prior to the Company's purchase of the Notes as are required to be purchased pursuant to the provisions of this Indenture as described under Sections 4.13 and
4.14 hereof. 

        "Distribution Compliance Period" means the 40-day distribution compliance period as defined in Regulation S. 

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

        "Euroclear" means Euroclear Bank S.A./N.V., or its successor, as operator of the Euroclear system. 

        "Event of Loss" means, with respect to any property or asset, any (1) loss, destruction or damage of such property or asset or
(2) any condemnation, seizure or taking, by exercise of the power of eminent domain or otherwise, of such property or asset, or confiscation or requisition of the use of such property or asset. 

        "Exchange Act" means the Securities Exchange Act of 1934, as amended. 

        "Exchange Notes" means Series B Notes issued pursuant to the Exchange Offer. 

        "Exchange Offer" means an offer that may be made by the Company pursuant to the Registration Rights Agreement to exchange Exchange Notes
for the Notes issued on the Issue Date. 

        "Exchange Offer Registration Statement" shall have the meaning set forth in the Registration Rights Agreement. 

        "Exempted Affiliate Transaction" means (a) customary employee compensation arrangements approved by a majority of independent (as
to such transactions) members of the Board of Directors and reasonable and customary directors fees, indemnification and similar arrangements, (b) Restricted Payments or Investments not
prohibited by Section 4.9 hereof, (c) transactions solely between or among the Company and any of its Consolidated Subsidiaries or solely among Consolidated Subsidiaries of the Company,
(d) loans and advances to officers, directors and employees of the Company or any of its Subsidiaries for travel, entertainment, moving and other relocation expenses, in each case, made in the
ordinary course of business and consistent with the Company's past practices, (e) transactions pursuant to agreements in effect on the Issue Date and disclosed in the Offering Circular, and
(f) Capital Contributions by a parent entity to the Company or any sale of Capital Stock (other than Disqualified Capital Stock) of the Company to an Affiliate. 

        "Exempted Subsidiary" means each of (1) Clark-Regal LLC and (2) Greenhill LLC, provided,
that each such Subsidiary shall cease to be an Exempted Subsidiary at the time such Subsidiary guarantees

 
any Indebtedness of the Company or any Guarantor, in which case such Subsidiary shall immediately execute a supplemental indenture guaranteeing the Company's obligations under the Notes and
Indenture; provided further, that either such Subsidiary may execute a supplemental indenture at any time guaranteeing the Company's obligations under
the Notes and this Indenture, at which time such Subsidiary shall cease to be an Exempted Subsidiary. 

        "Existing Indebtedness" means the Indebtedness of the Company and its Subsidiaries (other than Indebtedness under the Credit Agreement) in
existence on the Issue Date (after giving effect to the Reorganization), reduced to the extent such amounts are repaid, refinanced or retired. 

        "fair market value" means the price that would be paid in an arm's-length transaction between an informed and willing seller under no
compulsion to sell and an informed and willing buyer under no compulsion to buy, as determined in good faith by the Company. 

        "Foreign Subsidiary" means any Subsidiary of the Company which (i) is not organized under the laws of the United States, any state
thereof or the District of Columbia and (ii) conducts substantially all of its business operations outside the United States of America. 

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

        "Global Notes" means one or more Notes in the form of Exhibit A hereto that includes, as applicable, the information referred to in
footnotes 3, 4 and 5 to the form of Note, attached hereto as Exhibit A, issued under this Indenture, that is deposited with or on behalf of and registered in the name of the Depositary or its
nominee. 

        "Global Note Legend" means the legend set forth in Section 2.6(g)(ii) hereof, which is required to be placed on all Global
Notes issued under this Indenture. 

        "Guarantee" when used with respect to the Notes, means a guarantee by the Guarantors of all or any part of the Notes, in accordance with
Article X hereof. 

        "Guarantor" means each of the Company's present and future Subsidiaries that at the time are guarantors of the Notes in accordance with
this Indenture. 

        "Holder" means a Person in whose name a Note is registered on the Registrar's books. 

        "Indebtedness" of any Person means, without duplication, 

        (a)  all
liabilities and obligations, contingent or otherwise, of such Person, to the extent such liabilities and obligations would appear as a liability upon the
consolidated balance sheet of such Person in accordance with GAAP, (1) in respect of borrowed money (whether or not the recourse of the lender is to any of the assets of such Person),
(2) evidenced by bonds, notes, debentures or similar instruments, (3) representing the balance deferred and unpaid of the purchase price of any property or services, except those
incurred in the ordinary course of its business that would constitute ordinarily a trade payable to trade creditors; 

        (b)  all
liabilities and obligations, contingent or otherwise, of such Person (1) evidenced by bankers' acceptances or similar instruments issued or accepted by banks,
(2) relating to any Capitalized Lease Obligation, or (3) evidenced by a letter of credit or a reimbursement obligation of such Person with respect to any letter of credit; 

        (c)  all
net obligations of such Person under Interest Swap and Hedging Obligations; 

        (d)  all
liabilities and obligations of others of the kind described in the preceding clause (a), (b) or (c) that such Person has guaranteed or provided
credit support or that is otherwise its legal liability or which are secured by any assets or property of such Person; provided, that in the case of
such liabilities and obligations of others that have been secured solely by assets or property of such Person, without

 
any other recourse to such Person or any other assets of such Person, the amount of such Indebtedness shall be limited in amount to the fair market value of the assets or property of such Person
securing such liabilities or assets; 

        (e)  any
and all deferrals, renewals, extensions, refinancing and refundings (whether direct or indirect) of, or amendments, modifications or supplements to, any liability of
the kind described in any of the preceding clauses (a), (b), (c) or (d), or this clause (e), whether or not between or among the same parties; and 

          (f)  all
Disqualified Capital Stock of such Person (meassured at the greater of its voluntary or involuntary maximum fixed repurchase price plus accrued and unpaid
dividends). 

For
purposes hereof, the "maximum fixed repurchase price" of any Disqualified Capital Stock which does not have a fixed repurchase price shall be calculated in accordance with the terms of such
Disqualified Capital Stock as if such Disqualified Capital Stock were purchased on any date on which Indebtedness shall be required to be determined pursuant to this Indenture, and if such price is
based upon, or measured by, the fair market value of such Disqualified Capital Stock, such fair market value to be determined in good faith by the board of directors of the issuer (or managing general
partner of
the issuer) of such Disqualified Capital Stock. For purposes of this definition, any Permitted Lease Financing Arrangements shall not be considered "Indebtedness." 

The
amount of any Indebtedness outstanding as of any date shall be (1) the accreted value thereof, in the case of any Indebtedness issued with original issue discount, but the accretion of
original issue discount in accordance with the original terms of Indebtedness issued with an original issue discount shall not be deemed to be an incurrence and (2) the principal amount
thereof, together with any interest thereon that is more than 30 days past due, in the case of any other Indebtedness. 

        "Indenture" means this Indenture, as amended or supplemented from time to time in accordance with the terms hereof. 

        "Indirect Participant" means an entity that clears through, maintains a direct or indirect, custodial relationship with, or holds a
beneficial interest through, a Participant. 

        "Initial Purchasers" mean the initial purchasers under the Purchase Agreement, dated January 17, 2002, among the initial
purchasers, the Company and the Guarantors party thereto. 

        "Institutional Accredited Investor" means an institution that is an "accredited investor" as defined in Rule 501(a)(1), (2),
(3) or (7) under the Securities Act, who is not also a QIB. 

        "Interest Payment Date" means the stated due date of an installment of interest on the Notes. 

        "Interest Swap and Hedging Obligation" means any obligation of any Person pursuant to any interest rate swap agreement, interest rate cap
agreement, interest rate collar agreement, interest rate exchange agreement, currency exchange agreement or any other agreement or arrangement designed to protect against fluctuations in interest
rates or currency values, including, without limitation, any arrangement whereby, directly or indirectly, such Person is entitled to receive from time to time periodic payments calculated by applying
either a fixed or floating rate of interest on a stated notional amount in exchange for periodic payments made by such Person calculated by applying a fixed or floating rate of interest on the same
notional amount. 

        "Investment" by any Person in any other Person means (without duplication): 

        (a)  the
acquisition (whether by purchase, merger, consolidation or otherwise) by such Person (whether for cash, property, services, securities or otherwise) of Equity
Interests, capital stock, bonds, notes,
debentures, partnership or other ownership interests or other securities, including any options or warrants, of such other Person or any agreement (other than an agreement that is expressly subject to
the terms of this Indenture) to make any such acquisition; 

        (b)  the
making by such Person of any deposit with, or advance, loan or other extension of credit to, such other Person (including the purchase of property from another
Person subject to an

 
understanding or agreement, contingent or otherwise, to resell such property to such other Person) or any commitment (other than a commitment that is expressly subject to compliance with the terms of
this Indenture) to make any such advance, loan or extension (but excluding accounts receivable, endorsements for collection or deposits arising in the ordinary course of business); 

        (c)  other
than guarantees of Indebtedness of the Company or any Guarantor to the extent permitted by the covenant "Limitation on Incurrence of Additional Indebtedness and
Disqualified Capital Stock," the entering into by such Person of any guarantee of, or other credit support or contingent obligation with respect to, Indebtedness or other liability of such other
Person; 

        (d)  the
making of any capital contribution by such Person to such other Person; and 

        (e)  the
designation by the Board of Directors of any Person to be an Unrestricted Subsidiary. 

The
Company shall be deemed to make an Investment in an amount equal to the fair market value of the net assets of any subsidiary (or, if neither the Company nor any of its Subsidiaries has
theretofore made an Investment in such subsidiary, in an amount equal to the Investments being made), at the time that such subsidiary is designated an Unrestricted Subsidiary, and any property
transferred to an Unrestricted Subsidiary from the Company or a Subsidiary of the Company shall be deemed an Investment valued at its fair market value at the time of such transfer. The Company or any
of its Subsidiaries shall be deemed to have made an Investment in a Person that is or was required to be a Guarantor if, upon the issuance, sale or other disposition of any portion of the Company's or
the Subsidiary's ownership in the Capital Stock of such Person, such Person ceases to be a Guarantor. The Company shall be deemed to make an Investment in an amount equal to the fair market value of
any property transferred to an Exempted Subsidiary from the Company or a Subsidiary of the Company (other than the other Exempted Subsidiary) at the time of such transfer. The fair market value of
each Investment shall be measured at the time made or returned, as applicable. 

        "Issue Date" means the date of first issuance of the Notes under this Indenture. 

        "Junior Security" means any Qualified Capital Stock and any Indebtedness of the Company or a Guarantor, as applicable, that is
contractually subordinated in right of payment to all Senior Indebtedness (and any securities issued in exchange for or in replacement of Senior Indebtedness) at least to the same extent as the Notes
or the Guarantee, as applicable, are subordinated to Senior Indebtedness pursuant to this Indenture and has no scheduled installment of principal due, by redemption, sinking fund payment or otherwise,
on or prior to the Stated Maturity of the Notes; provided, that in the case of subordination in respect of Senior Indebtedness under the Credit
Agreement, "Junior Security" shall mean (except with the consent of the requisite lenders under the Credit Agreement) any Qualified Capital Stock and any Indebtedness of the Company that: 

        (1)  has
a final maturity date occurring after the final maturity date of, all Senior Indebtedness outstanding under the Credit Agreement (and any securities issued in
exchange or replacement of such Senior Indebtedness) on the date of issuance of such Qualified Capital Stock or Indebtedness, 

        (2)  is
unsecured, 

        (3)  has
an Average Life longer than the security for which such Qualified Capital Stock or Indebtedness is being exchanged, and 

        (4)  by
their terms are subordinated to Senior Indebtedness outstanding under the Credit Agreement (and any debt securities issued in exchange for Senior Indebtedness) on the
date of issuance of such Qualified Capital Stock or Indebtedness at least to the same extent as the Notes are subordinated to Senior Indebtedness pursuant to this Indenture (including, without
limitation, with respect to payment blockage and turnover). 

        "Lease Financing Arrangement" means any lease or other arrangement as a result of which, pursuant to Emerging Issues Task Force Issue
No. 97-10, "The Effect of Lessee Involvement in Asset Construction," a Person is considered the owner of an asset during the asset's construction period and

 
such Person is considered to have entered into a sale and leaseback of the asset when construction of the asset is complete and the lease term begins. 

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

        "Lien" means any mortgage, charge, pledge, lien (statutory or otherwise), privilege, security interest, hypothecation or other encumbrance
upon or with respect to any property of any kind, real or personal, movable or immovable, now owned or hereafter acquired. 

        "Liquidated Damages" means all liquidated damages then owing pursuant to the Registration Rights Agreement. 

        "Net Cash Proceeds" means the aggregate amount of cash or Cash Equivalents received by the Company in the case of a sale of Qualified
Capital Stock or a Capital Contribution and by the Company and its Subsidiaries in respect of an Asset Sale plus, in the case of an issuance of Qualified Capital Stock upon any exercise, exchange or
conversion of securities (including options, warrants, rights and convertible or exchangeable debt) of the Company that were issued for cash on or after the Issue Date, the amount of cash originally
received by the Company upon the issuance of such securities (including options, warrants, rights and convertible or exchangeable debt) less, in each case, the sum of all payments, fees, commissions
and (in the case of Asset Sales, reasonable and customary), expenses (including, without limitation, the fees and expenses of legal counsel and investment banking fees and expenses) incurred in
connection with such Asset Sale or sale of Qualified Capital Stock, and, in the case of an Asset Sale only less (1) the amount (estimated reasonably and in good faith by the Company) of income,
franchise, sales and other applicable taxes required to be paid by the Company or any of its respective Subsidiaries in connection with such Asset Sale in the taxable year that such sale is
consummated or in the immediately succeeding taxable year, the computation of which shall take into account the reduction in tax liability resulting from any available operating losses and net
operating loss carryovers, tax credits and tax credit carryforwards, and similar tax attributes, (2) cash payments attributable to Persons owning an interest (other than a Lien) in the assets
subject to the Asset Sale, and (3) any reserve for adjustment in respect of the sale price of such as set or assets established in accordance with GAAP. 

        "Non-U.S. Person" means any Person other than a U.S. Person. 

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

   
        "Obligation" means any principal, premium or interest payment, or monetary penalty, or damages, due by the Company or any Guarantor under
the terms of the Notes or this Indenture, including any Liquidated Damages due pursuant to the terms of the Registration Rights Agreement. 

        "Offering Circular" means the Offering Circular, dated January 17, 2002, relating to the initial offering of the Notes. 

        "Officer" means, with respect to any Person, the Chairman of the Board, the Chief Executive Officer, the President, the Chief Operating
Officer, the Chief Financial Officer, the Treasurer, any Assistant Treasurer, the Controller, the Secretary, any Assistant Secretary or any Vice President of such Person. 

        "Officers' Certificate" means the officers' certificate to be delivered upon the occurrence of certain events as set forth in this
Indenture. 

        "Opinion of Counsel" means an opinion from legal counsel who is reasonably acceptable to the Trustee, that meets the requirements of
Sections 12.4 and 12.5 hereof. The counsel may be an employee of or counsel to the Company or any Subsidiary of the Company. 

        "parent entity" means a Person that holds Voting Equity Interests of the Company with voting power, in the aggregate, at least equal to
the voting power of the Voting Equity Interests of the Company held by the Permitted Holders on the Issue Date. 

        "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 The Depository Trust Company, shall include Euroclear and Clearstream). 

        "Participating Broker-Dealer" means any broker-dealer that receives Exchange Notes for its own account in the Exchange Offer in exchange
for Notes that were acquired by such broker-dealer as a result of market-making or other trading activities. 

        "Permitted Holders" means each of the Principals and any of their Affiliates. 

        "Permitted Indebtedness" means that: 

        (a)  the
Company and the Guarantors may incur Indebtedness evidenced by the Notes and the Guarantees (including the Exchange Notes and the Guarantees in respect thereof)
issued pursuant to this Indenture up to the amounts being issued on the original Issue Date less any amounts repaid or retired; 

        (b)  the
Company and the Guarantors, as applicable, may incur Refinancing Indebtedness with respect to any Existing Indebtedness or any Indebtedness (including Disqualified
Capital Stock), described in clause (a) or incurred pursuant to the Debt Incurrence Ratio test of the covenant "Limitation on Incurrence of Additional Indebtedness and Disqualified Capital
Stock," or which was refinanced pursuant to this clause (b); 

        (c)  the
Company and its Subsidiaries may incur Indebtedness solely in respect of bankers acceptances, letters of credit and performance bonds (to the extent that such
incurrence does not result in the incurrence of any obligation to repay any obligation relating to borrowed money or other Indebtedness), all in the ordinary course of business in accordance with
customary industry practices; 

        (d)  the
Company may incur Indebtedness owed to (borrowed from) any Guarantor, and any Guarantor may incur Indebtedness owed to (borrowed from) any other Guarantor or the
Company; provided, that in the case of Indebtedness of the Company, such obligations shall be unsecured and contractually subordinated in all respects
to the Company's obligations pursuant to the Notes and any event that causes such Guarantor no longer to be a Guarantor respectively (including by designation to be an Unrestricted Subsidiary) shall
be deemed to be a new incurrence by such issuer of such

  
Indebtedness and any guarantor thereof subject to the covenant "Limitation on Incurrence of Additional Indebtedness and Disqualified Stock;" 

        (e)  any
Guarantor may guaranty any Indebtedness of the Company or another Guarantor that was permitted to be incurred pursuant to this Indenture, substantially concurrently
with such incurrence or at the time such Person becomes a Subsidiary; 

        (f)    the
Company may incur Indebtedness owed to (borrowed from) any Foreign Subsidiary and any Foreign Subsidiary may incur Indebtedness owed to (borrowed from) any other
Foreign Subsidiary; provided, that in the case of Indebtedness of the Company, such obligations shall be unsecured and
contractually subordinated in all respects to the Company's obligations pursuant to the Notes and any event that causes such Foreign Subsidiary to no longer be a Foreign Subsidiary shall be deemed to
be a new incurrence by such issuer of such Indebtedness and any guarantor thereof subject to the covenant "Limitation on Incurrence of Additional Indebtedness and Disqualified Stock;" 

        (g)  the
Company and the Guarantors may incur Interest Swap and Hedging Obligations that are incurred for the purpose of fixing or hedging interest rate or currency risk with
respect to any fixed or floating rate Indebtedness that is permitted by this Indenture to be outstanding or any receivable or liability the payment of which is determined by reference to a foreign
currency; provided, that the notional amount of any such Interest Swap and Hedging Obligation does not exceed the principal amount of Indebtedness to
which such Interest Swap and Hedging Obligation relates; 

        (h)  the
incurrence by the Company or by any Guarantor of Purchase Money Indebtedness; provided, that 

        (1)  the
aggregate amount of such Indebtedness incurred and outstanding at any time pursuant to this clause (h) shall not exceed $5,000,000, and 

        (2)  in
each case, such Indebtedness shall not constitute (a) more than 100% of the Company's cost or the cost to such Guarantor, (determined in accordance with GAAP
in good faith by the Company's Board of Directors), as applicable, of the property so purchased, constructed or improved, or (b) more than 100% of the fair market value (determined in good
faith by the Company's Board of Directors) of such property, in the case of a Capitalized Lease Obligation; 

        (i)    the
incurrence by the Company or by any of the Guarantors of Indebtedness in an aggregate amount incurred and outstanding at any time pursuant to this clause (i)
(plus any Refinancing Indebtedness incurred to retire, defease, refinance, replace or refund such Indebtedness) of up to $25,000,000; 

        (j)    the
incurrence by the Company or by any of the Guarantors of Indebtedness pursuant to the Credit Agreement in an aggregate amount incurred and outstanding at any time
pursuant to this clause (j) (plus any Refinancing Indebtedness incurred to retire, defease, refinance, replace or refund such Indebtedness) of up to $370,000,000, minus (1) the amount of
any such Indebtedness retired with the Net Cash Proceeds from any Asset Sale applied to permanently reduce the outstanding amounts of such Indebtedness pursuant to clause (2) of the
Section 4.13(b)(5) hereof or (2) the amount of any such Indebtedness assumed by a transferee in an Asset Sale so long as neither the Company nor such Guarantor continues to be an obligor
under such Indebtedness; 

        (k)  the
incurrence by the Company or by any of the Guarantors of Indebtedness in connection with an Acquisition in an aggregate amount incurred and outstanding at any time
pursuant to this clause (k) of up to $5,000,000; provided that, with respect to such Indebtedness incurred pursuant to this clause (k),
such Indebtedness (i) shall have been incurred prior to the time that the debtor thereunder was acquired by or merged into the Company or any of the Guarantors and was not incurred in
connection with, or in contemplation of, such acquisition or merger.

 

        "Permitted Investment" means: 

        (a)  any
Investment in any of the Notes; 

        (b)  any
Investment in cash or Cash Equivalents; 

        (c)  intercompany
notes to the extent permitted under clause (d) of the definition of "Permitted Indebtedness"; 

        (d)  any
Investment by the Company or any Subsidiary in a Person in a Related Business if as a result of such Investment such Person immediately becomes a Guarantor or such
Person is immediately merged with or into the Company or a Guarantor; 

        (e)  other
Investments in any Per son or Persons, provided, that after giving pro
forma effect to each such Investment, the aggregate amount of all such Investments made on and after the Issue Date pursuant to this clause (e) that are outstanding
(after giving effect to any such Investments that are returned to the Company or the Guarantor that made such prior Investment, without restriction, in cash on or prior to the date of any such
calculation, but only up to the amount of the Investment made under this clause (e) in such Person, at any time does not in the aggregate exceed $10,000,000 (measured by the value attributed to
the Investment at the time made or returned, as applicable)); 

        (f)    any
Investment in any Person solely in exchange for Qualified Capital Stock or capital stock of a parent entity or from a Capital Contribution or the Net Cash Proceeds
of any substantially concurrent sale of the Company's Qualified Capital Stock; 

        (g)  any
Investment made as a result of the receipt of non-cash consideration from an Asset Sale that was made pursuant to and in compliance with
Section 4.13 hereof (other than an Asset Sale to an Exempted Subsidiary by the Company or a Subsidiary of the Company (other than the other Exempted Subsidiary) made pursuant to
clause (d)(8) of Section 4.13 hereof, 

        (h)  loans
and advances to employees of the Company and its Subsidiaries in the ordinary course of business pursuant to this clause (h) not to exceed $500,000 in any
fiscal year or $2,000,000 at any time outstanding, and 

        (i)    any
Investment held by the Company or any of its Subsidiaries on the Issue Date. 

        "Permitted Lease Financing Arrangements" means any Lease Financing Arrangement entered into by the Company or any of its Subsidiaries in
the ordinary course of business, consistent with customary industry practices, in amounts and for the purposes customary in the Company's industry. 

        "Permitted Lien" means: 

        (a)  Liens
existing on the Issue Date; 

        (b)  Liens
imposed by governmental authorities for taxes, assessments or other charges not yet subject to penalty or which are being contested in good faith and by
appropriate proceedings, if adequate reserves with respect thereto are maintained on the books of the Company in accordance with GAAP; 

        (c)  statutory
liens of carriers, warehousemen, mechanics, materialmen, landlords, repairmen or other like Liens arising by operation of law in the ordinary course of
business provided that (1) the underlying obligations are not overdue for a period of more than 30 days, or (2) such Liens are being contested in good faith and by appropriate
proceedings and adequate reserves with respect thereto are maintained on the books of the Company in accordance with GAAP; 

        (d)  Liens
securing the performance of bids, trade contracts (other than borrowed money), leases, statutory obligations, surety and appeal bonds, performance bonds and other
obligations of a like nature incurred in the ordinary course of business;

 

        (e)  easements,
rights-of-way, zoning, similar restrictions and other similar encumbrances or title defects which, singly or in the aggregate, do not
in any case materially detract from the value of the property, subject thereto (as such property is used by the Company or any of its Subsidiaries) or interfere with the ordinary conduct of the
business of the Company or any of its Subsidiaries; 

        (f)    Liens
arising by operation of law in connection with judgments, only to the extent, for an amount and for a period not resulting in an Event of Default with respect
thereto; 

        (g)  pledges
or deposits made in the ordinary course of business in connection with workers' compensation, unemployment insurance and other types of social security
legislation; 

        (h)  Liens
securing the Notes; 

        (i)    Liens
securing Indebtedness of a Person existing at the time such Person becomes a Subsidiary or is merged with or into the Company or a Subsidiary or Liens securing
Indebtedness incurred in connection with an Acquisition, provided, that such Liens were in existence prior to the date of such acquisition, merger or
consolidation, were not incurred in anticipation thereof, and do not extend to any other assets; 

        (j)    Liens
arising from Purchase Money Indebtedness permitted to be incurred pursuant to of the covenant "Limitation on Incurrence of Additional Indebtedness and Disqualified
Capital Stock" provided such Liens relate solely to the property which is subject to such Purchase Money Indebtedness; 

        (k)  leases
or subleases granted to other Persons in the ordinary course of business not materially interfering with the conduct of the business of the Company or any of its
Subsidiaries or materially detracting from the value of the relative assets of the Company or any Subsidiary; 

        (l)    Liens
arising from precautionary Uniform Commercial Code financing statement filings regarding operating leases entered into by the Company or any of its Subsidiaries in
the ordinary course of business; 

        (m)  Liens
securing Refinancing Indebtedness incurred to refinance any Indebtedness that was previously so secured in a manner no more adverse to the Holders than the terms
of the Liens securing such refinanced Indebtedness, and provided that the Indebtedness secured is not increased and the Lien is not extended to any
additional assets or property that would not have been security for the Indebtedness refinanced; 

        (n)  Liens
securing Senior Indebtedness (including under the Credit Agreement) incurred in accordance with the terms of Section 4.7 hereof; and 

        (o)  Liens
securing Indebtedness of any Foreign Subsidiary incurred in accordance with the provisions of the covenant "Limitation on Incurrence of Additional Indebtedness and
Disqualified Capital Stock". 

        "Person" or "person" means any corporation, individual, limited liability company, joint
stock company, joint venture, partnership, limited liability company, unincorporated association, governmental regulatory entity, country, state or political subdivision thereof, trust, municipality
or other entity. 

        "Preferred Stock" means any Equity Interest of any class or classes of a Person (however designated) which is preferred as to payments of
dividends, or as to distributions upon any liquidation or dissolution, over Equity Interests of any other class of such Person. 

        "Private Placement Legend" means the legend set forth in Section 2.6(g)(i) hereof to be placed on all Notes issued under
this Indenture except where specifically stated otherwise by the provisions of this Indenture. 

        "Pro Forma" or "pro forma" shall have the meaning set forth in
Regulation S-X of the Securities Act of 1933, as amended, unless otherwise specifically stated herein.

 

        "Principals" means each of The Anschutz Corporation and OCM Principal Opportunities Fund II, L.P. 

        "Public Equity Offering" an underwritten public offering pursuant to a registration statement filed with the SEC in accordance with the
Securities Act, of (1) Equity Interests (other than Disqualified Capital Stock) of the Company or (2) Equity Interests (other than Disqualified Stock) of any parent entity, to the extent
that the cash proceeds therefrom are used as a Capital Contribution to the Company. 

        "Purchase Money Indebtedness" of any Person means any Indebtedness of such Person to any seller or other Person incurred solely
(1) to finance the acquisition, construction, installation or improvement of any after acquired real or personal tangible property which, in the reasonable good faith judgment of the Board of
Directors, is directly related to a Related Business of the Company and which is incurred concurrently within 180 days following with such acquisition, construction, installation or improvement
and is secured only by the assets so financed, or (2) to lease (in the case of a Capitalized Lease Obligation) any real or personal tangible property which, in the reasonable good faith
judgment of the Board of Directors, is directly related to a Related Business of the Company. 

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

        "Qualified Capital Stock" means any Capital Stock of the Company that is not Disqualified Capital Stock. 

        "Qualified Exchange" means: 

        (1)  any
legal defeasance, redemption, retirement, repurchase or other acquisition of Capital Stock, or Indebtedness of the Company with the Net Cash Proceeds received by the
Company from the substantially concurrent sale of its Qualified Capital Stock (other than to a Subsidiary) or, to the extent used to retire Indebtedness (other than Disqualified Capital Stock) of the
Company, Subordinated Refinancing Indebtedness of the Company, 

        (2)  any
issuance of Qualified Capital Stock of the Company in exchange for any Capital Stock or Indebtedness of the Company, or 

        (3)  any
issuance of Subordinated Refinancing Indebtedness of the Company in exchange for Indebtedness (other than Disqualified Capital Stock) of the Company. 

        "Record Date" means a Record Date specified in the Notes, whether or not such date is a Business Day. 

        "Recourse Indebtedness" means Indebtedness (a) as to which either the Company or any of its Subsidiaries (1) provides credit
support of any kind (including any undertaking, agreement or instrument that would constitute Indebtedness), (2) is directly or indirectly liable (as a guarantor or otherwise), or
(3) constitutes the lender, and (b) in default with respect to which (including any rights that the holders thereof may have to take enforcement action against an Unrestricted
Subsidiary) would permit (upon notice, lapse of time or both) any holder of any other Indebtedness of the Company or any of its Subsidiaries to declare a default on such other Indebtedness or cause
the payment thereof to be accelerated or payable prior to its stated maturity. 

        "Reference Period" with regard to any Person means the four full fiscal quarters (or such lesser period during which such Person has been
in existence) ended immediately preceding any date upon which any determination is to be made pursuant to the terms of the Notes or this Indenture. 

        "Refinancing Indebtedness" means Indebtedness (Disqualified Capital Stock) (a) issued in exchange for, or the proceeds from the
issuance and sale of which are used substantially concurrently to repay, redeem, defease, refund, refinance, discharge or otherwise retire for value, in whole or in part, or (b) constituting an
amendment, modification or supplement to, or a deferral or renewal of ((a) and

  
(b) above are, collectively, a "Refinancing"), any Indebtedness (including Disqualified Capital Stock) in a principal amount or, in the case of Disqualified Capital Stock, liquidation
preference, not to exceed (after deduction of reasonable and customary fees and expenses incurred in connection with the Refinancing plus the amount of any premium paid in connection with such
Refinancing) the lesser of (1) the principal amount or, in the case of Disqualified Capital Stock, liquidation preference, of the Indebtedness (including Disqualified Capital Stock) so
Refinanced and (2) if such Indebtedness being Refinanced was issued with an original issue discount, the accreted value thereof (as determined in accordance with GAAP) at the time of such
Refinancing; provided, that (A) such Refinancing Indebtedness shall only be used to refinance outstanding Indebtedness (including Disqualified
Capital Stock) of such Person issuing such Refinancing Indebtedness, (B) such Refinancing Indebtedness shall (x) not have an Average Life shorter than the Indebtedness (including
Disqualified Capital Stock) to be so refinanced at the time of such Refinancing and (y) in all respects, be no less contractually subordinated or junior, if applicable, to the rights of Holders
than was the Indebtedness (including Disqualified Capital Stock) to be refinanced, (C) such Refinancing Indebtedness shall have a final stated maturity or redemption date, as applicable, no
earlier than the final stated maturity or redemption date, as applicable, of the Indebtedness (including Disqualified Capital Stock) to be so refinanced or, if sooner, 91 days after the Stated
Maturity of the Notes, and (D) such Refinancing Indebtedness shall be secured (if secured) in a manner no more adverse to the Holders than the terms of the Liens (if any) securing such
refinanced Indebtedness, including, without limitation, the amount of Indebtedness secured shall not be increased. 

        "Registration Rights Agreement" means the Registration Rights Agreement, dated as of the Issue Date, by and among the Company and the
other parties named on the signature pages thereof, as such agreement may be amended, modified or supplemented from time to time. 

        "Reg S Permanent Global Note" means one or more permanent Global Notes that shall be issued in an aggregate amount of denominations equal
in total to the outstanding principal amount of the Reg S Temporary Global Note upon expiration of the Distribution Compliance Period. 

        "Reg S Temporary Global Note" means one or more temporary Global Notes bearing the Private Placement Legend and the Reg S Temporary Global
Note Legend, issued in an aggregate amount of denominations equal in total to the outstanding principal amount of the Notes initially sold in reliance on Rule 903 of Regulation S. 

        "Reg S Temporary Global Note Legend" means the legend set forth in Section 2.6(g)(iii) hereof, which is required to be
placed on all Reg S Temporary Global Notes issued under this Indenture. 

        "Regulation S" means Regulation S promulgated under the Securities Act, as it may be amended from time to time, and any
successor provision thereto. 

        "Regulation S Global Note" means a Reg S Temporary Global Note or a Reg S Permanent Global Note, as the case may be. 

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

        "Related Business Asset" means assets (except in connection with the acquisition of a Subsidiary in a Related Business that becomes is a
Guarantor, other than notes, bonds, obligations and securities) that, in the good faith reasonable judgment of the Board of Directors, shall immediately constitute, be a part of, or be used in, a
Related Business of the Company or a Subsidiary. 

        "Restricted Definitive Note" means one or more Definitive Notes bearing the Private Placement Legend, issued under this Indenture.

 

        "Restricted Global Note" means one or more Global Notes bearing the Private Placement Legend, issued under this Indenture. 

        "Restricted Investment" means, in one or a series of related transactions, any Investment, other than other Permitted Investments. 

        "Restricted Payment" means, with respect to any Person: 

        (a)  the
declaration or payment of any dividend or other distribution in respect of Equity Interests of such Person or any parent of such Person, including, without
limitation, any parent entity of the Company, 

        (b)  any
payment (except to the extent with Qualified Capital Stock) on account of the purchase, redemption or other acquisition or retirement for value of Equity Interests
of such Person or any parent of such Person, including, without limitation, any parent entity of the Company, 

        (c)  other
than with the proceeds from the substantially concurrent sale of, or in exchange for, Refinancing Indebtedness any purchase, redemption, or other acquisition or
retirement for value of, any payment in respect of any amendment of the terms of or any defeasance of, any Subordinated Indebtedness (other than the Notes), directly or indirectly, by such Person or a
Subsidiary of such Person prior to the scheduled maturity, any scheduled repayment of principal, or scheduled sinking fund payment, as the case may be, of such Indebtedness, and 

        (d)  any
Restricted Investment by such Person; 

provided, however, that the term "Restricted Payment" does not include (1) any dividend, distribution or other payment on or with respect to
Equity Interests of an issuer to the extent payable solely in shares of Qualified Capital Stock of such issuer, or (2) any dividend, distribution or other payment to the Company, or to any of
the Guarantors, by the Company or any of its Subsidiaries and any Investment in any Guarantor by the Company or any Subsidiary. 

        "Rule 144" means Rule 144 promulgated under the Securities Act, as it may be amended from time to time, and any successor
provision thereto. 

        "Rule 144A" means Rule 144A promulgated under the Securities Act, as it may be amended from time to time, and any successor
provision thereto. 

        "SEC" means the United States Securities and Exchange Commission, or any successor agency. 

        "Securities Act" means the Securities Act of 1933, as amended, and the rules and regulations of the SEC thereunder. 

        "Senior Indebtedness" of the Company or any Guarantor means Indebtedness (including any monetary obligation in respect of the Credit
Agreement, and interest, whether or not allowable, accruing on Indebtedness incurred pursuant to the Credit Agreement after the filing of a petition initiating any proceeding under any bankruptcy,
insolvency or similar law) of the Company or such Guarantor arising under the Credit Agreement or that, by the terms of the instrument creating or evidencing such Indebtedness, is expressly designated
Senior Indebtedness and made senior in right of payment to the Notes or the applicable Guarantee; provided, that in no event shall Senior Indebtedness
include (a) Indebtedness to any Subsidiary of the Company or any officer, director or employee of the Company
or any Subsidiary of the Company, (b) Indebtedness incurred in violation of the terms of this Indenture; provided, that Indebtedness under the
Credit Agreement shall not cease to be Senior Indebtedness as a result of this clause (b) if the lenders thereunder obtained a certificate from an Officer of the Company on the date such
Indebtedness was incurred certifying that the incurrence of such Indebtedness was not prohibited by this Indenture, (c) Indebtedness to trade creditors, (d) Disqualified Capital Stock,
(e) Capitalized Lease Obligations, and (f) any liability for taxes owed or owing by the Company or such Guarantor.

 

        "Series A Notes" means the 93/8% Series A Senior Subordinated Notes due 2012 issued on the Issue Date. 

        "Series B Notes" means the 93/8% Series B Senior Subordinated Notes due 2012 issued pursuant to the Exchange
Offer. 

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

        "Significant Subsidiary" shall have the meaning provided under Regulation S-X of the Securities Act as in effect on the
Issue Date. 

        "Special Record Date" means, for payment of any Defaulted Interest, a date fixed by the Paying Agent pursuant to Section 2.12
hereof. 

        "Stated Maturity," when used with respect to any Note, means February 1, 2012. 

        "Subordinated Indebtedness" means Indebtedness of the Company or a Guarantor that is subordinated in right of payment by its terms or the
terms of any document or instrument or instrument relating thereto ("contractually") to the Notes or such Guarantee, as applicable, in any respect. 

        "Subsidiary," with respect to any Person, means (1) a corporation a majority of whose Equity Interests with voting power, under
ordinary circumstances, to elect directors is at the time, directly or indirectly, owned by such Person, by such Person and one or more Subsidiaries of such Person or by one or more Subsidiaries of
such Person, and (2) any other Person (other than a corporation) in which such Person, one or more Subsidiaries of such Person, or such Person and one or more Subsidiaries of such Person,
directly or indirectly, at the date of determination thereof has a majority ownership interest, or (3) a partnership in which such Person or a Subsidiary of such Person is, at the time, a
general partner and
in which such Person, directly or indirectly, at the date of determination thereof has a majority ownership interest. Notwithstanding the foregoing, an Unrestricted Subsidiary shall not be a
Subsidiary of the Company or of any Subsidiary of the Company. Unless the context requires otherwise, Subsidiary means each direct and indirect Subsidiary of the Company. 

        "TIA" means the Trust Indenture Act of 1939 (15 U.S.C. §§ 77aaa-77bbbb) as in effect on the date on
which this Indenture is qualified under the TIA. 

        "Transfer Restricted Notes" means Global Notes and Definitive Notes that bear or are required to bear the Private Placement Legend, issued
under this Indenture. 

        "Trustee" means the party named as such above until a successor replaces it in accordance with the applicable provisions of this Indenture
and thereafter means such 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, issued under this Indenture. 

        "Unrestricted Global Note" means one or more permanent Global Notes that do not bear and are not required to bear the Private Placement
Legend, issued under this Indenture. 

        "Unrestricted Subsidiary" means any subsidiary of the Company that does not directly, indirectly or beneficially own any Capital Stock of,
and Subordinated Indebtedness of, or own or hold any Lien on any property of, the Company or any other Subsidiary of the Company and that, at the time of determination, shall be an Unrestricted
Subsidiary (as designated by the Board of Directors); provided, that such Subsidiary at the time of such designation (a) has no Recourse
Indebtedness; (b) is not party to any agreement, contract, arrangement or understanding with the Company or any Subsidiary of the Company unless the terms of any such agreement, contract,
arrangement or understanding are no less favorable to the Company or such Subsidiary than those that might be obtained at the time from

  
Persons who are not Affiliates of the Company; (c) is a Person with respect to which neither the Company nor any of its Subsidiaries has any direct or indirect obligation (x) to
subscribe for additional Equity Interests or (y) to maintain or preserve such Person's financial condition or to cause such Person to achieve any specified levels of operating results; and
(d) has not guaranteed or otherwise directly or indirectly provided credit support for any Indebtedness of the Company or any of its Subsidiaries. The Board of Directors may designate any
Unrestricted Subsidiary to be a Subsidiary, provided, that (1) no Default or Event of Default is existing or shall occur as a consequence thereof
and (2) immediately after giving effect to such designation, on a pro forma basis, the Company could incur at least $1.00 of Indebtedness
pursuant to the Debt Incurrence Ratio of the covenant "Limitation on Incurrence of Additional Indebtedness and Disqualified Capital Stock." Each such designation shall be evidenced by
filing with the Trustee a certified copy of the resolution giving effect to such designation and an Officers' Certificate certifying that such designation complied with the foregoing conditions. 

        "U.S. Government Obligations" means direct non-callable obligations of, or noncallable obligations guaranteed by, the United
States of America for the payment of which obligation or guarantee the full faith and credit of the United States of America is pledged. 

        "U.S. Person" means a U.S. person as defined in Rule 902(o) under the Securities Act. 

        "Voting Equity Interests" means Equity Interests which at the time are entitled to vote in the election of, as applicable, directors,
members or partners generally. 

        "Wholly Owned Subsidiary" means a Subsidiary all the Equity Interests of which (other than directors' qualifying shares) are owned by the
Company or one or more Wholly Owned Subsidiaries of the Company or a combination thereof. 

SECTION
1.2    OTHER DEFINITIONS    

	Term
 
	 	Defined in Section

	"Affiliate Transaction"	 	4.12
	"Asset Sale"	 	4.13
	"Asset Sale Offer"	 	4.13
	"Authentication Order"	 	2.2
	"Benefitted Party"	 	10.1
	"Change of Control Offer"	 	4.14
	"Change of Control Offer Period"	 	4.14
	"Change of Control Purchase Date"	 	4.14
	"Change of Control Purchase Price"	 	4.14
	"Covenant Defeasance"	 	8.3
	"Debt Incurrence Ratio"	 	4.7
	"Defaulted Interest"	 	2.12
	"DTC"	 	2.3
	"Excess Proceeds"	 	4.13
	"Guarantee Obligations"	 	10.1
	"incur" or "incurrence"	 	4.7
	"Incurrence Date"	 	4.7
	"Legal Defeasance"	 	8.2
	"Paying Agent"	 	2.3
	"Payment Blockage Notice"	 	11.2
	"Payment Blockage Period"	 	11.2
	"Payment Default"	 	11.2
	"Registrar"	 	2.3

SECTION 1.3    INCORPORATION BY REFERENCE OF TRUST INDENTURE ACT    

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

        The
following TIA terms used in this Indenture have the following meanings: 

        "obligor" on the Notes means the Company, each Guarantor and any successor obligor upon the Notes. 

        All
other terms used in this Indenture that are defined by the TIA, defined by TIA reference to another statute or defined by SEC rule under the TIA have the meanings so assigned to
them. 

SECTION
1.4    RULES OF CONSTRUCTION    

        Unless
the context otherwise requires: 

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

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

        (3)  "or"
is not exclusive; 

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

        (5)  provisions
apply to successive events and transactions; 

        (6)  "herein,"
"hereof" and other words of similar import refer to this Indenture as a whole and not to any particular Article, Section or other subdivision; and 

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

ARTICLE II

THE NOTES  

SECTION
2.1    FORM AND DATING    

        (a)    General.    The Notes and the Trustee's certificate of authentication shall be substantially in the form of
Exhibit A hereto. The Notes may have notations, legends or endorsements required by law, stock exchange rule or usage. Each Note shall be dated the date of its authentication. The Notes
shall be in denominations of $1,000 and integral multiples thereof. 

        The
terms and provisions contained in the Notes shall constitute, and are hereby expressly made, a part of this Indenture and the Company, 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. 

        (b)  Global
Notes. Notes issued in global form shall be substantially in the form of Exhibit A 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 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 therein and each shall provide that it shall represent the aggregate principal amount of outstanding 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 appropriate, 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 Notes Custodian, at the

 
direction of the Trustee, in accordance with instructions given by the Holder thereof as required by Section 2.6 hereof. 

        (c)  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 Luxembourg" and "Customer Handbook" of Clearstream in effect at the relevant time shall
be applicable to transfers of beneficial interests in the Regulation S Global Notes that are held by Participants through Euroclear or Clearstream. 

SECTION
2.2    EXECUTION AND AUTHENTICATION    

        Two
Officers shall sign the Notes for the Company by manual or facsimile signature. In the case of Definitive Notes, such signatures may be imprinted or otherwise reproduced on such
Notes. 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 valid until authenticated
by the manual signature of the Trustee. The signature shall be conclusive evidence that the Note has been authenticated under this Indenture. The Trustee shall, upon a written order of the Company
signed by an Officer (an "Authentication Order"), authenticate Notes for issuance up to the aggregate principal amount stated in such Authentication Order;  provided that Notes authenticated for issuance
on the Issue Date shall not exceed $200,000,000 in aggregate principal amount. The Trustee may appoint an
authenticating agent acceptable to the Company 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 Company. 

SECTION
2.3    REGISTRAR, PAYING AGENT AND DEPOSITARY    

        The
Company shall maintain an office or agency in the Borough of Manhattan, The City of New York, 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"). The Registrar shall keep a register of the Notes and of their transfer and exchange. The Company 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 Company may change any Paying Agent or Registrar without notice to any Holder. The Company shall notify the Trustee in writing of the name and address of any Agent not a party to this Indenture.
If the Company fails to appoint or maintain another entity as Registrar or Paying Agent, the Trustee shall act as such. The Company or any of its Subsidiaries may act as Paying Agent or Registrar. The
Company initially appoints The Depository Trust Company ("DTC") to act as Depositary with respect to the Global Notes. The Company initially appoints the Trustee to act as the Registrar and Paying
Agent and to act as Notes Custodian with respect to the Global Notes. 

SECTION
2.4    PAYING AGENT TO HOLD MONEY IN TRUST    

        The
Company 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 or Liquidated Damages, if any, or interest on the Notes, and shall notify the Trustee of any default by the Company 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 Company at any time may require a Paying Agent to pay all money held
by it to the Trustee. Upon payment over to the Trustee, the Paying Agent (if other than the 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
2.5    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 TIA § 312(a). If the Trustee is not the Registrar, the Company shall furnish, or shall cause the Registrar (if other than the Company) to furnish, to the Trustee at least seven
Business Days before each Interest Payment Date and at such other times as the Trustee may request in writing, a list in such form and as of such date as the Trustee may reasonably require of the
names and addresses of the Holders of Notes and the Company shall otherwise comply with TIA §312(a). 

SECTION
2.6    TRANSFER AND EXCHANGE    

        (a)  Transfer
and Exchange of Global Notes. A Global Note may not be transferred as a whole except by the Depositary to a nominee of the Depositary, by a nominee of the
Depositary to the Depositary or to another nominee of the Depositary, or by the Depositary or any such nominee to a successor Depositary or a nominee of such successor Depositary. All Global Notes
shall be exchanged by the Company for Definitive Notes if (i) the Company delivers to the Trustee notice from the Depositary that (x) the Depositary is unwilling or unable to continue to
act as Depositary for the Global Notes and the Company thereupon fails to appoint a successor Depositary within 90 days or (y) the Depositary is no longer a clearing agency registered
under the Exchange Act, (ii) the Company in its sole discretion determines that the Global Notes (in whole but not in part) should be exchanged for Definitive Notes and delivers a written
notice to such effect to the Trustee or (iii) upon request of the Trustee or Holders of a majority of the aggregate principal amount of outstanding Notes if there shall have occurred and be
continuing a Default or Event of Default with respect to the Notes; provided that in no event shall the Reg S Temporary Global Note be exchanged by the
Company for Definitive Notes prior to (x) the expiration of the Distribution Compliance Period and (y) the receipt by the Registrar of any certificate identified by the Company and its
counsel to be required pursuant to Rule 903 or Rule 904 under the Securities Act. Upon the occurrence of any of the preceding events in (i), (ii) or (iii) above, Definitive
Notes shall be issued in such names as the Depositary shall instruct the Trustee. Global Notes also may be exchanged or replaced, in whole or in part, as otherwise provided in this Section 2.6
or as provided
in Sections 2.7 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 2.6 or Section 2.7
or 2.10 hereof, shall be authenticated and delivered in the form of, and shall be, a Global Note. A Global Note may not be exchanged for another Note other than as provided in this
Section 2.6(a), however, beneficial interests in a Global Note may be transferred and exchanged as provided in Section 2.6(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) 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 Distribution Compliance Period, transfers of beneficial interests in the Reg 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 described in this
Section 2.6(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 2.6(b)(i) above, the transferor of such beneficial interest must deliver to the Registrar either (A) (1) an 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) an 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 (B)(1) above; provided, that in no event
shall Definitive Notes be issued upon the transfer or exchange of beneficial interests in the Reg S Temporary Global Note prior to (x) the expiration of the Distribution Compliance Period and
(y) the receipt by the Registrar of any certificates identified by the Company or its counsel to be required pursuant to Rule 903 and Rule 904 under the Securities Act. Upon
consummation of an Exchange Offer by the Company in accordance with Section 2.6(f) hereof, the requirements of this Section 2.6(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 2.6(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 Note if the transfer complies with the requirements of Section 2.6(b)(ii) above and the Registrar
receives the following: 

        (A)  if
the transferee shall 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; 

        (B)  if
the transferee shall take delivery in the form of a beneficial interest in the Reg S Temporary Global Note or the Reg S Permanent Global Note, then the transferor
must deliver a certificate in the form of Exhibit B hereto, including the certifications in item (2) thereof; and 

        (C)  if
the transferee shall take delivery in the form of an Institutional Accredited Investor Global Note, then the transferor must deliver a certificate in the form of
Exhibit B hereto, including the certifications, certificates and Opinion of Counsel required by item (3) thereof, if applicable. 

        (iv)    Transfer and Exchange of Beneficial Interests in a Restricted Global Note for Beneficial Interests in the 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 2.6(b)(ii) above and: 

        (A)  such
exchange or transfer is effected pursuant to the Exchange Offer in accordance with the Registration Rights Agreement and Section 2.6(f) hereof, 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 Company; 

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

        (C)  such
transfer is effected by a Participating 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 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 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), an Opinion of Counsel in form, and from legal counsel, reasonably acceptable to the Registrar and the Company 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 Company shall issue and,
upon receipt of an Authentication Order in accordance with Section 2.2 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 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 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 to the effect set forth in 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 under
the Securities Act, a certificate to the effect set forth in 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 accordance with Rule 144, a
certificate to the effect set forth in Exhibit B hereto, including the certifications in item (3)(a) thereof; 

        (E)  if
such beneficial interest is being transferred to an Institutional Accredited Investor in reliance on an exemption from the registration requirements of the Securities
Act other than those listed in subparagraphs (B) through (D) above, a certificate to the effect set forth

 
in Exhibit B hereto, including the certifications, certificates and Opinion of Counsel required by item (3)(d) thereof, if applicable; 

        (F)  if
such beneficial interest is being transferred to the Company or any of its subsidiaries, a certificate to the effect set forth in Exhibit B hereto, including
the certifications in item (3)(b) thereof; or 

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

the
Trustee shall cause the aggregate principal amount of the applicable Restricted Global Note to be reduced accordingly pursuant to Section 2.6(h) hereof, and the Company shall execute and,
upon receipt of an Authentication Order pursuant to Section 2.2 hereof, the Trustee shall authenticate and deliver to the Person designated in the instructions a Restricted Definitive Note in
the appropriate principal amount. Any Restricted Definitive Note issued in exchange for a beneficial interest in a Restricted Global Note pursuant to this Section 2.6(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 deliver such Restricted Definitive Notes to the Persons in whose names such Notes are so registered. Any Restricted Definitive Note issued in
exchange for a beneficial interest in a Restricted Global Note pursuant to this Section 2.6(c)(i) shall bear the Private Placement Legend and shall be subject to all restrictions on
transfer contained therein. 

        (ii)    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 if: 

        (A)  such
exchange or transfer is effected pursuant to the Exchange Offer in accordance with the Registration Rights Agreement and Section 2.6(f) hereof, 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 Company; 

        (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 Participating 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 Definitive Note that does not bear the Private Placement Legend, a certificate from such holder 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 a Definitive
Note that does not bear the Private Placement Legend, 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), an Opinion of Counsel in form, and from legal counsel, reasonably acceptable to the Registrar and the Company 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)    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 an Unrestricted Definitive Note or to transfer such beneficial interest to a Person who takes delivery thereof in the form of an Unrestricted Definitive Note, then, upon satisfaction of
the conditions set forth in Section 2.6(b)(ii) hereof, the Trustee shall cause the aggregate principal amount of the applicable Unrestricted Global Note to be reduced accordingly
pursuant to Section 2.6(h) hereof, and the Company shall execute and, upon receipt of an Authentication Order pursuant to Section 2.2 hereof, the Trustee shall authenticate and deliver
to the Person designated in the instructions an Unrestricted Definitive Note in the appropriate principal amount. Any Unrestricted Definitive Note issued in exchange for a beneficial interest pursuant
to this Section 2.6(c)(iii) 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 deliver such Unrestricted Definitive Notes to the Persons in
whose names such Notes are so registered. Any Unrestricted Definitive Note issued in exchange for a beneficial interest pursuant to this Section 2.6(c)(iii) shall not bear the Private
Placement Legend. 

        (iv)    Transfer or Exchange of Reg S Temporary Global Notes.    Notwithstanding the other provisions of this
Section 2.6, a beneficial interest in the Reg S Temporary Global Note may not be (A) exchanged for a Definitive Note prior to (x) the expiration of the Distribution Compliance
Period (unless such exchange is effected by the Company, does not require an investment decision on the part of the holder thereof and does not violate the provisions of Regulation S) and
(y) the receipt by the Registrar of any certificates identified by the Company or its counsel to be required pursuant to Rule 903(c)(3)(B) under the Securities Act or
(B) transferred to a Person who takes delivery thereof in the form of a Definitive Note prior to the events set forth in clause (A) above or unless the transfer is pursuant to an
exemption from the registration requirements of the Securities Act other than Rule 903 or Rule 904. 

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

        (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 Notes 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 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 to the effect set forth in Exhibit B hereto,
including the certifications in item (1) thereof; or 

        (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
under the Securities Act, a certificate to the effect set forth in Exhibit B hereto, including the certifications in item (2) 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 appropriate Restricted Global
Note, in the case of clause (B) above, the 144A Global Note, and in the case of clause (C) above, the 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: 

        (A)  such
exchange or transfer is effected pursuant to the Exchange Offer in accordance with the Registration Rights Agreement and Section 2.6(f) hereof, 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 Company; 

        (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 Participating 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 a beneficial interest in the
Unrestricted Global Note, a certificate from such Holder in the form of Exhibit C hereto, including the certifications in item (1)(c) 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 a beneficial interest in the 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), an Opinion of Counsel in form, and from legal
counsel, reasonably acceptable to the Registrar and the Company 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 2.6(d)(ii), the Trustee shall cancel the Restricted Definitive Notes so transferred or exchanged 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. 

        (iv)    Transfer or Exchange of Unrestricted Definitive Notes to Beneficial Interest in Restricted Notes
Prohibited.    An Unrestricted Definitive Note cannot be exchanged for, or transferred to Persons who take delivery thereof in the form of, beneficial interests in a
Restricted Global Note. 

        (v)    Issuance of Unrestricted Global Notes.    If any such exchange or transfer from a Definitive Note to a
beneficial interest is effected pursuant to subparagraphs (ii)(B), (ii)(D) or (iii) of this Section 2.6(d) at a time when an Unrestricted Global Note has not yet been issued, the Company
shall issue and, upon receipt of an Authentication Order in accordance with Section 2.2 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 2.6(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 2.6(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 shall be made pursuant to Rule 144A, then the transferor must deliver a certificate in the form of Exhibit B hereto, including the
certifications in item (1) thereof; 

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

        (C)  if
the transfer shall 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, certificates and Opinion of Counsel 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 Section 2.6(f) hereof, 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 Company; 

        (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 Participating 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 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 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), an Opinion of Counsel in form, and from legal counsel, reasonably acceptable to the Registrar and
the Company 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 Company shall issue and, upon receipt of an Authentication Order in accordance with Section 2.2 hereof, the Trustee shall authenticate (i) one or more Unrestricted

 
Global Notes in an aggregate principal amount equal to the sum of (A) 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
Company, and accepted for exchange in the Exchange Offer and (B) the principal amount of Definitive Notes exchanged or transferred for beneficial interests in Unrestricted Global Notes in
connection with the Exchange Offer pursuant to Section 2.6 (d)(ii) hereof and (ii) Definitive Notes in an aggregate principal amount equal to the principal amount of the
Restricted Definitive Notes accepted for exchange in the Exchange Offer (other than Definitive Notes described in clause (i)(B) immediately above). 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 Company shall execute and, upon receipt of an Authentication Order
pursuant to Section 2.2 hereof, the Trustee shall authenticate and deliver to the Persons designated by the Holders of Definitive Notes so accepted Definitive Notes in the appropriate principal
amount. 

        (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: 

"THIS
NOTE (OR ITS PREDECESSOR) WAS ORIGINALLY ISSUED IN A TRANSACTION EXEMPT FROM REGISTRATION UNDER THE UNITED STATES SECURITIES ACT OF 1933 (THE "SECURITIES ACT"), AND THIS NOTE MAY NOT BE OFFERED,
SOLD OR OTHERWISE TRANSFERRED IN THE ABSENCE OF SUCH REGISTRATION OR AN APPLICABLE EXEMPTION THEREFROM. EACH PURCHASER OF THIS NOTE IS HEREBY NOTIFIED THAT THE SELLER OF THIS NOTE MAY BE RELYING ON
THE EXEMPTION FROM THE PROVISIONS OF SECTION 5 OF THE SECURITIES ACT PROVIDED BY RULE 144A THEREUNDER." 

"THE
HOLDER OF THIS NOTE AGREES FOR THE BENEFIT OF THE COMPANY THAT (A) THIS NOTE MAY BE OFFERED, RESOLD, PLEDGED OR OTHERWISE TRANSFERRED, ONLY (I) TO THE COMPANY, (II) IN THE
UNITED STATES TO A PERSON WHOM THE SELLER REASONABLY BELIEVES IS A QUALIFIED INSTITUTIONAL BUYER (AS DEFINED IN RULE 144A UNDER THE SECURITIES ACT) IN A TRANSACTION MEETING THE REQUIREMENTS OF RULE
144A, (III) OUTSIDE THE UNITED STATES IN AN OFFSHORE TRANSACTION IN ACCORDANCE WITH RULE 904 UNDER THE SECURITIES ACT, (IV) PURSUANT TO AN EXEMPTION FROM REGISTRATION UNDER THE
SECURITIES ACT PROVIDED BY RULE 144 THEREUNDER (IF AVAILABLE) OR (V) PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT, IN EACH OF CASES (I) THROUGH (V) IN
ACCORDANCE WITH ANY APPLICABLE SECURITIES LAWS OF ANY STATE OF THE UNITED STATES, AND (B) THE HOLDER WILL, AND EACH SUBSEQUENT HOLDER IS REQUIRED TO, NOTIFY ANY PURCHASER OF THIS NOTE FROM IT
OF THE RESALE RESTRICTIONS REFERRED TO IN (A) ABOVE." 

        (B)  Notwithstanding
the foregoing, any Global Note or Definitive Note issued pursuant to subparagraphs (b)(iv), (c)(ii), (c)(iii), (d)(ii), (d)(iii), (e)(ii),
(e)(iii) or (f) to this Section 2.6 (and all Notes issued in exchange therefor or substitution thereof) shall not bear the Private Placement Legend.

  

        (ii)    Global Note Legend.    To the extent required by the Depositary, each Global Note shall bear legends in
substantially the following forms: 

"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 2.6 OF THE INDENTURE, (II) THIS GLOBAL NOTE MAY BE
EXCHANGED IN WHOLE BUT NOT IN PART PURSUANT TO SECTION 2.6(a) OF THE INDENTURE, (III) THIS GLOBAL NOTE MAY BE DELIVERED TO THE TRUSTEE FOR CANCELLATION PURSUANT TO 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 COMPANY." 

"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 COMPANY OR ITS 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)    Reg S Temporary Global Note Legend.    To the extent required by the Depositary, each Reg 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 DEFINITIVE NOTES, ARE AS SPECIFIED IN THE INDENTURE (AS DEFINED
HEREIN). NEITHER THE
HOLDER NOR THE BENEFICIAL OWNERS OF THIS REGULATION S TEMPORARY GLOBAL NOTE SHALL BE ENTITLED TO RECEIVE CASH PAYMENTS OF INTEREST DURING THE PERIOD WHICH SUCH HOLDER HOLDS THIS NOTE. NOTHING
IN THIS LEGEND SHALL BE DEEMED TO PREVENT INTEREST FROM ACCRUING ON THIS NOTE." 

        (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 cancelled in whole and not in part, each such Global Note shall be returned to or
retained and cancelled 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 shall 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 may 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 shall 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 may be made on such Global Note by the Trustee or by the Depositary at the direction of the Trustee to reflect such increase. 

        (i)    General Provisions Relating to Transfers and Exchanges.    

          (i)  To
permit registrations of transfers and exchanges, the Company shall execute and the Trustee shall authenticate Global Notes and Definitive Notes upon receipt of an
Authentication Order. 

        (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 Company 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 2.10, 3.6, 4.13 and 4.14 hereof). 

        (iii)  The
Registrar shall not 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
Company, evidencing the same Indebtedness, 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
Company 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 3.2 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 Company 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 interest on such Notes and for all other purposes, and none of the Trustee, any Agent or the
Company shall be affected by notice to the contrary. 

      (vii)  The
Trustee shall authenticate Global Notes and Definitive Notes in accordance with the provisions of Section 2.2 hereof. 

      (viii)  All
certifications, certificates and Opinions of Counsel required to be submitted to the Registrar pursuant to this Section 2.6 to effect a registration of
transfer or exchange may be submitted by facsimile. 

        Notwithstanding
anything herein to the contrary, as to any certifications and certificates delivered to the Registrar pursuant to this Section 2.6, the Registrar's duties shall be
limited to confirming that any such certifications and certificates delivered to it are in the form of Exhibits A, B, C and D attached hereto. The Registrar shall not be responsible for
confirming the truth or accuracy of representations made in any such certifications or certificates. 

SECTION 2.2    REPLACEMENT NOTES    

        If
any mutilated Note is surrendered to the Trustee or the Company and the Trustee and the Company receive evidence (which evidence may be from the Trustee) to their satisfaction of the

  
destruction, loss or theft of any Note, the Company 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 Company, an indemnity bond must be supplied by the Holder that is sufficient in the judgment of the Trustee and the Company to protect the Company, the Trustee, any
Agent and any authenticating agent from any loss that any of them may suffer if a Note is replaced. The Company may charge for its expenses in replacing a Note. Every replacement Note is an additional
obligation of the Company and shall be entitled to all of the benefits of this Indenture equally and proportionately with all other Notes duly issued hereunder. 

SECTION
2.3    OUTSTANDING NOTES    

        The
Notes outstanding at any time are all the Notes authenticated by the Trustee (including any Note represented by a Global Note) except for those cancelled by it or at its direction,
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 described in this
Section 2.8 as not outstanding. Except as set forth in Section 2.9 hereof, a Note does not cease to be outstanding because the Company or an Affiliate of the Company holds the Note. If a
Note is replaced pursuant to Section 2.7 hereof, such Note, together with the Guarantee of that particular Note endorsed thereon, 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 4.1 hereof, it ceases to be outstanding and interest on it ceases to accrue. If the Paying Agent (other than the Company, a Subsidiary or an Affiliate of any thereof) holds, on a
redemption date or the maturity date, 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. 

SECTION
2.4    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 Company, or by any Person directly or
indirectly controlling or controlled by or under direct or indirect common control with the Company, 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 the Trustee knows are so owned shall be so disregarded. 

SECTION
2.5    TEMPORARY NOTES    

        Until
certificates representing Notes are ready for delivery, the Company may prepare and the Trustee, upon receipt of an Authentication Order, shall authenticate temporary Notes.
Temporary Notes shall be substantially in the form of Definitive Notes but may have variations that the Company considers appropriate for temporary Notes and as shall be reasonably acceptable to the
Trustee. Without unreasonable delay, the Company shall prepare and the Trustee shall authenticate Definitive Notes in exchange for temporary Notes. Holders of temporary Notes shall be entitled to all
of the benefits of this Indenture. 

SECTION
2.6    CANCELLATION    

        The
Company 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 (other than the Company or an Affiliate of the Company), 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 Company. The Company may not issue new Notes to replace Notes that it has paid or that have been delivered to the
Trustee for cancellation.

 

SECTION
2.7    DEFAULTED INTEREST    

        Any
interest on any Note which is payable, but is not punctually paid or duly provided for, on any Interest Payment Date plus, to the extent lawful, any interest payable on the defaulted
interest at the rate and in the manner provided in Section 4.1 hereof and in the Note (herein called "Defaulted Interest") shall forthwith cease to be payable to the registered holder on the
relevant Record Date, and such Defaulted Interest may be paid by the Company, at its election in each case, as provided in clause (1) or (2) below: 

        (1)  The
Company may elect to make payment of any Defaulted Interest to the Persons in whose names the Notes are registered at the close of business on a Special Record Date
for the payment of such Defaulted Interest, which shall be fixed in the following manner. The Company shall notify the Trustee and the Paying Agent 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 Company shall deposit with the Paying Agent an amount of cash equal to the aggregate amount proposed to
be paid in respect of such Defaulted Interest or shall make arrangements reasonably satisfactory to the Paying Agent for such deposit prior to the date of the proposed payment, such cash when
deposited to be held in trust for the benefit of the Persons entitled to such Defaulted Interest as provided in this clause (1). Thereupon the Paying Agent shall fix a "Special Record Date" for
the payment of such Defaulted Interest which shall be not more than 15 days and not less than 10 days prior to the date of the proposed payment and not less than 10 days after the
receipt by the Paying Agent of the notice of the proposed payment. The Paying Agent shall promptly notify the Company and the Trustee of such Special Record Date and, in the name and at the expense of
the Company, shall cause notice of the proposed payment of such Defaulted Interest and the Special Record Date therefor to be mailed, first-class postage prepaid, to each Holder at its address as it
appears in the Note register maintained by the Registrar not less than 10 days prior to such Special Record Date. Notice of the proposed payment of such Defaulted Interest and the Special
Record Date therefor having been mailed as aforesaid, such Defaulted Interest shall be paid to the persons in whose names the Notes (or their respective predecessor Notes) are registered on such
Special Record Date and shall no longer be payable pursuant to the following clause (2). 

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

        Subject
to the foregoing provisions of this Section 2.12, 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
2.8    CUSIP NUMBERS    

        The
Company in issuing the Notes may use "CUSIP" and /or "ISIN" numbers (if then generally in use), and, if so, the Trustee shall use "CUSIP" and/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 a 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 Company shall promptly notify the Trustee of any change in the "CUSIP" and/or "ISIN" numbers.

 

SECTION
2.9    ISSUANCE OF ADDITIONAL NOTES    

        The
Company may, subject to Section 4.7 hereof and applicable law, issue additional Notes under this Indenture. The Notes issued on the Issue Date and any additional Notes
subsequently issued shall be treated as a single class for all purposes under this Indenture. 

ARTICLE III

REDEMPTION  

SECTION
3.1    NOTICES TO TRUSTEE    

        If
the Company elects to redeem Notes pursuant to the optional redemption provisions of Section 3.7 hereof, it shall furnish to the Trustee, at least 30 days (unless a
shorter period is acceptable to the Trustee) but not more than 60 days (unless a longer period is acceptable to the Trustee) before a
redemption date, an Officers' Certificate setting forth (i) the clause of this Indenture pursuant to which the redemption shall occur, (ii) the redemption date, (iii) the
principal amount of Notes to be redeemed and (iv) the redemption price. 

SECTION
3.2    SELECTION OF NOTES TO BE REDEEMED    

        If
less than all of the Notes are to be redeemed at any time, the Trustee shall select the Notes or portions thereof to be redeemed among the Holders of the Notes in compliance with the
requirements of the principal national securities exchange, if any, on which the Notes are listed or, if the Notes are not so listed, on a pro rata
basis, by lot or in accordance with any other method the Trustee considers fair and appropriate. In the event of partial redemption by lot, the particular Notes to be redeemed shall be selected,
unless otherwise provided herein, not less than 20 nor more than 60 days prior to the redemption date by the Trustee from the outstanding Notes not previously called for redemption. 

        The
Trustee shall promptly notify the Company in writing of the Notes selected for redemption and, in the case of any Note selected for partial redemption, the principal amount thereof
to be redeemed. Notes and portions of Notes in denominations of larger than $1,000 selected shall be in amounts of $1,000 or integral multiples of $1,000; except that if all of the Notes of a Holder
are to be redeemed, the entire outstanding amount of Notes held by such Holder, even if not an integral multiple of $1,000, shall be redeemed. Except as provided in the preceding sentence, provisions
of this Indenture that apply to Notes called for redemption also apply to portions of Notes called for redemption. 

SECTION
3.3    NOTICE OF REDEMPTION    

        Subject
to the provisions of Section 3.7 hereof, at least 30 days but not more than 60 days before a redemption date, the Company shall mail or cause to be mailed,
by first class mail, a notice of redemption to each Holder whose Notes are to be redeemed at its registered address. 

        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 being redeemed in part, the portion of the principal amount of such Note to be redeemed and that, on or after the redemption date upon surrender of such
Note, a new Note or
Notes in principal amount equal to the unredeemed portion shall be issued upon cancellation of the original Note; 

        (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 Company defaults in making such redemption payment, interest on Notes called for redemption ceases to accrue on and after the redemption date; 

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

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

        At
the Company's request, the Trustee shall give the notice of redemption in the Company's name and at its expense; provided, however,
that the Company shall have delivered to the Trustee, at least 45 days prior to the redemption date (unless a shorter period shall be acceptable to the Trustee), an Officers' Certificate
requesting that the Trustee give such notice and setting forth the information to be stated in such notice as provided in the preceding paragraph. 

SECTION
3.4    EFFECT OF NOTICE OF REDEMPTION    

        Once
notice of redemption is mailed in accordance with Section 3.3 hereof, Notes called for redemption become irrevocably due and payable on the redemption date at the redemption
price. A notice of redemption may not be conditional. 

SECTION
3.5    DEPOSIT OF REDEMPTION PRICE    

        On
or before the redemption date, the Company shall deposit with the Trustee or with the Paying Agent immediately available funds sufficient to pay the redemption price of and accrued
and unpaid interest (and Liquidated Damages, if any) on all Notes to be redeemed on that date. The Trustee or the Paying Agent shall promptly return to the Company any money deposited with the Trustee
or the Paying Agent by the Company in excess of the amounts necessary to pay the redemption price of, and accrued and unpaid interest (and Liquidated Damages, if any) on, all Notes to be redeemed. 

        If
the Company complies with the provisions of the preceding paragraph, on and after the redemption date, interest shall cease to accrue on the Notes or the portions of Notes called for
redemption. If a Note is redeemed on or after an interest Record Date but on or prior to the related Interest Payment Date, then any accrued and unpaid interest (and Liquidated Damages, if any) 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 shall not be so paid upon surrender for redemption because
of the failure of the Company to comply with the preceding paragraph, interest shall be paid on the unpaid principal, from the redemption date until such principal is paid, and to the extent lawful on
any interest not paid on such unpaid principal, in each case at the rate provided in the Notes and in Section 4.1 hereof. 

SECTION
3.6    NOTES REDEEMED IN PART    

        Upon
surrender of a Note that is redeemed in part, the Company shall issue and, upon receipt of an Authentication Order, the Trustee shall authenticate for the Holder at the expense of
the Company a new Note equal in principal amount to the unredeemed portion of the Note surrendered. 

SECTION
3.7    OPTIONAL REDEMPTION    

        (a)  Except
as set forth in clause (b) of this Section 3.7, the Company shall not have the option to redeem the Notes pursuant to this Section 3.7 prior
to February 1, 2007. The Notes shall be redeemable for cash at the option of the Company, in whole or in part, at any time on or after February 1, 2007, upon not less than 30 days
nor more than 60 days prior notice mailed by first class mail to each Holder at its last registered address, at the following redemption prices (expressed as percentages of the principal
amount) if redeemed during the 12-month period commencing February 1 of the years indicated below, in each case (subject to the right of Holders of record on a Record Date to
receive the corresponding interest due (and the corresponding Liquidated Damages, if any) on the

  
corresponding Interest Payment Date that is on or prior to such redemption date) together with accrued and unpaid interest (and Liquidated Damages, if any) thereon to the date of redemption of the
Notes (the "Redemption Date"): 

	Year
 
	 	Percentage
	 
	2007	 	104.688	%
	2008	 	103.125	%
	2009	 	101.563	%
	2010 and thereafter	 	100.000	%

        (b)  Notwithstanding
the provisions of clause (a) of this Section 3.7, at any time or from time to time on or prior to February 1, 2005, upon one or more
Public Equity Offerings, up to 35% of the aggregate principal amount of the Notes issued pursuant to this Indenture (only as necessary to avoid any duplication, excluding any replacement Notes) may be
redeemed at the Company's option within 90 days of the closing of any such Public Equity Offering, on not less than 30 days, but not more than 60 days, notice to each Holder of
the Notes to be redeemed, with cash received by the Company from the Net Cash Proceeds of such Public Equity Offering, at a redemption price equal to 109.375% of principal, together with accrued and
unpaid interest (and Liquidated Damages, if any), thereon to the Redemption Date; provided, however, that immediately following each such redemption not
less than 65% of the aggregate principal amount of the Notes originally issued pursuant to this Indenture on the Issue Date remain outstanding (only as necessary to avoid any duplication, excluding
any replacement Notes). 

        (c)  Any
redemption pursuant to this Section 3.7 shall be made pursuant to the provisions of Sections 3.1 through 3.6 hereof. 

SECTION
3.8    NO MANDATORY REDEMPTION    

        The
Company shall not, and the Guarantors shall not, be required to make mandatory redemption payments with respect to the Notes (however, the Company is required to offer to repurchase
Notes in accordance with the provisions of Sections 4.13 and 4.14 below). The Notes shall not have the benefit of any sinking fund. 

ARTICLE IV

COVENANTS  

SECTION
4.1    PAYMENT OF NOTES    

        The
Company shall pay or cause to be paid the principal of, premium, if any, and interest on the Notes on the dates and in the manner provided in the Notes. Principal, premium, if any,
and interest shall be considered paid on the date due if the Paying Agent, if other than the Company or a Subsidiary thereof, holds as of 12:00 noon Eastern time on the due date money deposited
by the Company in immediately available funds and designated for and sufficient to pay all principal, premium, if any, and interest then due. The Company shall pay all Liquidated Damages, if any, in
the same manner on the dates and in the amounts set forth in the Registration Rights Agreement and herein. 

        The
Company shall pay interest (including Accrued Bankruptcy Interest in any proceeding under any Bankruptcy Law) on overdue principal at the then applicable interest rate on the Notes
to the extent lawful; it shall pay interest (including Accrued Bankruptcy Interest in any proceeding under any Bankruptcy Law) on overdue installments of interest (and Liquidated Damages, if any)
(without regard to any applicable grace period) at the same rate to the extent lawful.

 

SECTION
4.2    MAINTENANCE OF OFFICE OR AGENCY    

        The
Company and the Guarantors shall maintain in the Borough of Manhattan, 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 Company and the Guarantors in
respect of the Notes and this Indenture may be served. The Company shall give prompt written notice to the Trustee of the location, and any change in the location, of such office or agency. If at any
time the Company and the Guarantors 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. 

        The
Company may also from time to time designate one or more other offices or agencies where the Notes may be presented or surrendered for any or all such purposes and may from time to
time rescind such additional designations; provided that no such designation or rescission shall in any manner relieve
the Company and the Guarantors of their obligation to maintain an office or agency in the Borough of Manhattan, The City of New York. The Company shall give prompt written notice to the Trustee of any
such designation or rescission and of any change in the location of any such other office or agency. 

        The
Company hereby designates the Corporate Trust Office as one such office or agency of the Company in accordance with Section 2.3 hereof. 

SECTION
4.3    SEC REPORTS AND REPORTS TO HOLDERS    

        Whether
or not the Company is subject to the reporting requirements of Section 13 or 15(d) of the Exchange Act, the Company shall deliver or make available to the Trustee and to
each Holder and prospective purchasers of Notes identified to the Company by an Initial Purchaser, within five days after the Company is or would have been (if the Company was subject to such
reporting obligations) required to file such with the SEC, annual and quarterly financial statements substantially equivalent to financial statements that would have been included in reports on
Forms 10-K or 10-Q, if the Company were subject to the requirements of Section 13 or 15(d) of the Exchange Act, including, with respect to annual
information only, a report thereon by the Company's certified independent public accountants as such would be required in such reports to the SEC, and, in each case, together with a management's
discussion and analysis of financial condition and results of operations which would be so required and, unless the SEC shall not accept such reports, file with the SEC the annual, quarterly and other
reports which it is or would have been required to file with the SEC. In addition, the Company and the Guarantors agree that, prior to consummation of the Exchange Offer, they shall make available to
the 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. 

SECTION
4.4    COMPLIANCE CERTIFICATE    

        (a)  The
Company shall deliver to the Trustee, within 120 days after the end of each fiscal year, an Officers' Certificate stating that a review of the activities of
the Company and its Subsidiaries during the preceding fiscal year has been made under the supervision of the signing Officers with a view to determining whether the Company and its Subsidiaries have
kept, observed, performed and fulfilled their obligations under this Indenture, and further stating, as to each such Officer signing such certificate, that to his or her knowledge the Company and its
Subsidiaries are not in default in the performance or observance of any of the terms, provisions and conditions of this Indenture (or, if a Default or Event of Default shall have occurred and be
continuing, describing all such Defaults or Events of Default of which he or she may have knowledge and what action the Company is taking or proposes to take with respect thereto) and that to his or
her knowledge no event has occurred and remains in existence by reason of which payments on account of the principal of or interest, if any, on

  
the Notes is prohibited or if such event has occurred, a description of the event and what action the Company is taking or proposes to take with respect thereto. The Company shall provide the Trustee
with timely written notice of any change in its fiscal year end, which is currently ends on the Thursday closest to December 31. 

        (b)  The
Company shall, so long as any of the Notes are outstanding, deliver to the Trustee, within five Business Days of any Officer becoming aware of any Default or Event
of Default, an Officers' Certificate specifying such Default or Event of Default and what action the Company is taking or proposes to take with respect thereto. 

SECTION
4.5    TAXES    

        The
Company shall pay, and shall cause each of its Subsidiaries to pay, prior to delinquency, all material taxes, assessments, and governmental levies except such as are contested in
good faith and by appropriate proceedings or where the failure to effect such payment would not have a material adverse effect on the ability of the Company and the Guarantors to satisfy their
obligations under the Notes, the Guarantees and this Indenture. 

SECTION
4.6    STAY, EXTENSION AND USURY LAWS    

        The
Company covenants (to the extent that it may lawfully do so) that it 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 Company (to the extent that it may
lawfully do so) hereby expressly waives all benefit or advantage of any such law, and covenants that it 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
4.7    LIMITATION ON INCURRENCE OF ADDITIONAL INDEBTEDNESS AND DISQUALIFIED CAPITAL STOCK    

        Except
as set forth in this Section 4.7, 

        (a)  the
Company shall not and the Guarantors shall not, and neither the Company nor the Guarantors shall permit any of the Company's Subsidiaries to, directly or indirectly,
issue, assume, guaranty, incur, become directly or indirectly liable with respect to (including as a result of an Acquisition), or otherwise become responsible for, contingently or otherwise
(individually and collectively, to "incur" or, as appropriate, an "incurrence"), any Indebtedness (including Disqualified Capital Stock and Acquired Indebtedness), other than Permitted Indebtedness. 

        Notwithstanding
the foregoing if: 

        (1)  no
Default or Event of Default shall have occurred and be continuing after giving effect on a pro forma basis to such
incurrence of Indebtedness and the use of the proceeds thereof, and 

        (2)  on
the date of such incurrence (the "Incurrence Date"), the Company's Consolidated Coverage Ratio for the Reference Period immediately preceding the Incurrence Date,
after giving effect on a pro forma basis to such incurrence of such Indebtedness and, to the extent set forth in the definition of Consolidated Coverage
Ratio, the use of proceeds thereof, would be at least 2.00 to 1.00 (the "Debt Incurrence Ratio"), 

then
the Company, the Guarantors and the Company's Foreign Subsidiaries may incur such Indebtedness (including Disqualified Capital Stock and Acquired Indebtedness). 

        Indebtedness
(including Disqualified Capital Stock) of any Person which is outstanding at the time such Person becomes one of the Company's Subsidiaries (including upon designation of
any subsidiary

  
or other Person as a Subsidiary) or is merged with or into or consolidated with the Company or one of the Company's Subsidiaries shall be deemed to have been incurred at the time such Person becomes
or is designated one of the Company's Subsidiaries or is merged with or into or consolidated with the Company or one of the Company's Subsidiaries as applicable. 

        Notwithstanding
any other provision of this Section 4.7, but only to avoid duplication, a guarantee of the Company's Indebtedness or of the Indebtedness of a Guarantor incurred in
accordance with the terms of this Indenture (other than Indebtedness incurred pursuant to clauses (b), (h) and (k) of the definition of Permitted Indebtedness) issued at the time
such Indebtedness was incurred or if later at the time the guarantor thereof became one of the Company's Subsidiaries shall not constitute a separate incurrence, or amount outstanding, of
Indebtedness. Upon each incurrence the Company may designate (and later redesignate) pursuant to which provision of this Section 4.7 such Indebtedness is being incurred and the Company may
subdivide an amount of Indebtedness and designate (and later redesignate) more than one provision pursuant to which such amount of Indebtedness is being incurred and such Indebtedness shall not be
deemed to have been incurred or outstanding under any other provision of this Section 4.7, except as stated otherwise in the foregoing provisions. 

SECTION
4.8    LIMITATION ON LIENS    

        The
Company shall not and the Guarantors shall not, and neither the Company nor the Guarantors shall permit any of the Company's Subsidiaries to, create, incur, assume or suffer to exist
any Lien of any kind, other than Permitted Liens, upon any of their respective assets now owned or acquired on or after the Issue Date or upon any income or profits therefrom securing any of the
Company's Indebtedness or any Indebtedness of any Guarantor, unless the Company provides, and causes the Company's Subsidiaries to provide, concurrently therewith, that the Notes and the applicable
Guarantees are equally and ratably so secured for so long as such other Indebtedness is secured by such Lien; provided that if such Indebtedness is
Subordinated Indebtedness, the Lien securing such Subordinated Indebtedness shall be contractually subordinate and junior to the Lien securing the Notes (and any related applicable Guarantees) with
the same relative priority as such Subordinated Indebtedness shall have with respect to the Notes (and any related applicable Guarantees), and provided,
further, that this Section 4.8 shall not be applicable to any Liens securing any such Indebtedness which became the Company's Indebtedness pursuant to a transaction
subject to the provisions of Sections 5.1 and 5.2 hereof or which constitutes Acquired Indebtedness and which in either case were in existence at the time of such transaction (unless
such Indebtedness was incurred or such Lien created in connection with or in contemplation of, such transaction), so long as such Liens do not extend to or cover any of the Company's property or
assets or any property or assets of any of the Company's Subsidiaries other than property or assets acquired in such transaction. 

SECTION
4.9    LIMITATION ON RESTRICTED PAYMENTS    

        (a)  The
Company shall not and the Guarantors shall not, and neither the Company nor the Guarantors shall permit any of the Company's Subsidiaries to, directly or indirectly,
make any Restricted Payment if, after giving effect to such Restricted Payment on a pro forma basis: 

        (1)  a
Default or an Event of Default shall have occurred and be continuing, 

        (2)  the
Company is not permitted to incur at least $1.00 of additional Indebtedness pursuant to the Debt Incurrence Ratio in Section 4.7 hereof, or 

        (3)  the
aggregate amount of all Restricted Payments made by the Company and the Company's Subsidiaries, on and after the Issue Date, would exceed, without duplication, the
sum of: 

        (A)  50%
of the Company's aggregate Consolidated Net Income for the period (taken as one accounting period), commencing on the first day of the first full fiscal quarter

  
commencing after the Issue Date, to and including the last day of the fiscal quarter ended immediately prior to the date of each such calculation for which the Company's consolidated financial
statements are required to be delivered to the Trustee or, if sooner, filed with the SEC (or, in the event Consolidated Net Income for such period is a deficit, then minus 100% of such deficit), plus 

        (B)  the
aggregate Net Cash Proceeds received by the Company from a Capital Contribution or from the sale of the Company's Qualified Capital Stock (other than (i) to
one of the Company's Subsidiaries and (ii) to the extent applied in connection with a Qualified Exchange or a Permitted Investment pursuant to clause (f) of the definition thereof or, to
avoid duplication, otherwise given credit for in any provision of the following paragraph), after the Issue Date, plus 

        (C)  except
in each case, in order to avoid duplication, to the extent any such payment or proceeds have been included in the calculation of Consolidated Net Income, an
amount equal to the net reduction in Investments (other than returns of or from Permitted Investments) in any Person resulting from cash distributions on or cash payments in respect of any Investment
(other than Permitted Investments), including payments of interest on Indebtedness, dividends, repayments of loans or advances, or other distributions or other transfers of assets, in each case to the
Company or any Subsidiary or from the Net Cash Proceeds from the sale of any such Investment or from redesignations of Unrestricted Subsidiaries as Subsidiaries (valued in each case as provided in the
definition of "Investments"), not to exceed, in each case, the amount of Investments previously made by the Company or any Subsidiary in such Person, including, if applicable, such Unrestricted
Subsidiary, less the cost of disposition. 

        (b)  Clauses
(a)(2) and (3) have this Section 4.9, however, shall not prohibit: 

        (1)  Restricted
Payments pursuant to this clause (b)(1) not to exceed $10,000,000 in the aggregate from and after the Issue Date; 

        (2)  payments
to the Principals or their Affiliates for financial advisory, financing and monitoring and oversight fees not to exceed $3,000,000 in any fiscal year or
payments to a parent entity for such purpose; 

        (3)  the
declaration and payment to holders of any class or series of Disqualified Capital Stock of any Subsidiary or the Company issued after the Issue Date in accordance
with Section 4.7 hereof. 

        (c)  Clause (a)
of this Section 4.9 above, however, shall not prohibit: 

        (1)  Restricted
Payments consisting of (i) repurchases of Capital Stock from the Company's employees or directors (or their heirs or estates) or employees or directors
(or their heirs or estates) of the Company's Subsidiaries upon the death, disability or termination of employment and (ii) distributions to a parent entity that are used by such parent entity
substantially concurrently with such distribution for repurchases of Capital Stock from employees or directors (or their heirs or estates) or employees or directors (or their heirs or estates) of the
parent entity upon the death, disability, or termination of employment; provided, that the aggregate amount of Restricted Payments made pursuant to this
clause (1) shall not exceed the greater of (1) $1,000,000 in any fiscal year, or (2) the aggregate of (x) $1,000,000 in any fiscal year, plus (y) the difference
between (A) $1,000,000 for each fiscal year beginning with the fiscal year that included the Issue Date, minus (B) the aggregate amount of Restricted Payments made pursuant to this
clause (1); provided, that the aggregate amount of Restricted Payments made pursuant to this clause (1) shall not exceed $2,000,000 in any fiscal year,

  

        (2)  any
dividend, distribution or other payments by any of the Company's Subsidiaries on its Equity Interests that is paid pro
rata to all holders of such Equity Interests, 

        (3)  a
Qualified Exchange, 

        (4)  the
payment of any dividend on Qualified Capital Stock within 60 days after the date of its declaration if such dividend could have been made on the date of such
declaration in compliance with the foregoing provisions, 

        (5)  payments
to a parent entity, pursuant to this clause (5), (i) to enable the parent entity to pay Federal, state, local or foreign tax liabilities (a "Tax
Payment"), not to exceed the amount of any tax liabilities that would be otherwise payable by the Company and its United States subsidiaries to the appropriate taxing authorities to the extent that
the parent entity has an obligation to pay such tax liabilities relating to the operations, assets, or capital of the Company or its United States subsidiaries; provided that
(x) notwithstanding the foregoing, in the case of determining the amount of a Tax Payment that is permitted to be paid by the Company and any of its United States subsidiaries in respect of
their Federal income tax liability, such payment shall be determined assuming that the Company is the parent company of an affiliated group (the "Company Affiliated Group") filing a consolidated
Federal income tax return and that the parent entity and each such United States subsidiary is a member of the Company Affiliated Group and (y) any Tax Payments shall either be used by the
parent entity to pay such tax liabilities within 90 days of the parent entity's receipt of such payment or refunded to the payee, and (ii) in an aggregate amount not to exceed $1,000,000
per year in order to pay legal and accounting expenses, payroll and other compensation expenses in the ordinary course of business, and other corporate overhead expenses in the ordinary course of
business; or 

        (6)  the
repurchase of Equity Interests deemed to occur upon the exercise of stock options to the extent such Equity Interests represent a portion of the exercise price
thereof. 

        (d)  The
full amount of any Restricted Payment made pursuant to clauses (b)(1), (b)(3), (c)(1), (c)(2) and (c)(4) of this Section 4.9 (but not pursuant
clauses (b)(2), (c)(3), (c)(5) or (c)(6) of this Section 4.9), however, shall be counted as Restricted Payments made for purposes of the calculation of the aggregate amount of
Restricted Payments available to be made referred to in clause (a)(3) of this Section 4.9. 

        (e)  For
purposes of this Section 4.9, the amount of any Restricted Payment made or returned, if other than in cash, shall be the fair market value thereof, as
determined in the good faith reasonable judgment of the Company's Board of Directors, unless stated otherwise, at the time made or returned, as applicable. Additionally, within 5 days of each
Restricted Payment, the Company shall deliver an Officers' Certificate to the Trustee describing in reasonable detail the nature of such Restricted Payment in excess of $500,000, stating the amount of
such Restricted Payment, stating in reasonable detail the provisions of this Indenture pursuant to which such Restricted Payment was made and certifying that such Restricted Payment was made in
compliance with the terms of this Indenture. 

SECTION
4.10    LIMITATION ON DIVIDENDS AND OTHER PAYMENT RESTRICTIONS AFFECTING SUBSIDIARIES    

        The
Company shall not and the Guarantors shall not, and neither the Company nor the Guarantors shall permit any of the Company's Subsidiaries to, directly or indirectly, create, assume
or suffer to exist any consensual restriction on the ability of any of the Company's Subsidiaries to pay dividends or make other distributions to or on behalf of, or to pay any obligation to or on
behalf of, or

  
otherwise to transfer assets or property to or on behalf of, or make or pay loans or advances to or on behalf of, the Company or any of the Company's Subsidiaries, except: 

        (1)  restrictions
imposed by the Notes or this Indenture or by the Company's other Indebtedness (which may also be guaranteed by the Guarantors) ranking  pari passu with the Notes or the Guarantees, as applicable,
provided, that such restrictions are no more
restrictive taken as a whole than those imposed by this Indenture and the Notes, 

        (2)  restrictions
imposed by applicable law, 

        (3)  restrictions
in existence as of the Issue Date, 

        (4)  restrictions
under any Acquired Indebtedness not incurred in violation of this Indenture or any agreement (including any Equity Interest) relating to any property,
asset, or business acquired by the Company or any of the Company's Subsidiaries, which restrictions in each case existed at the time of acquisition, were not put in place in connection with or in
anticipation of such acquisition and are not applicable to any Person, other than the Person acquired, or to any property, asset or business, other than the property, assets and business so acquired, 

        (5)  any
restriction imposed by Indebtedness incurred under the Credit Agreement or other Senior Indebtedness incurred pursuant to Section 4.7 hereof;  provided, that such restriction or requirement is
not materially more restrictive than that imposed by the Credit Agreement, taken as a whole, as of the Issue Date, 

        (6)  restrictions
with respect solely to any of the Company's Subsidiaries imposed pursuant to a binding agreement which has been entered into for the sale or disposition of
all of the Equity Interests or assets of such Subsidiary; provided, that such restrictions apply solely to the Equity Interests or assets of such
Subsidiary which are being sold, 

        (7)  restrictions
on transfer contained in Purchase Money Indebtedness incurred pursuant to Section 4.7 hereof;  provided, that such restrictions relate only to the transfer of the property acquired, constructed,
installed or improved with the proceeds of such
Purchase Money Indebtedness, 

        (8)  customary
provisions with respect to the disposition or distribution of assets in joint venture agreements and other similar agreements, 

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

      (10)  n
connection with and pursuant to permitted Refinancings, replacements of restrictions imposed pursuant to clause (1), (3), (4), (7) or (10) of
this Section 4.10 that are not more restrictive taken as a whole than those being replaced and do not apply to any other Person or assets than those that would have been covered by the
restrictions in the Indebtedness so refinanced. 

        Notwithstanding
the foregoing, (a) customary provisions restricting subletting or assignment of or in any lease entered into in the ordinary course of business, consistent with
industry practice and (b) any asset subject to a Lien which is not prohibited to exist with respect to such asset pursuant to the terms of this Indenture may be subject to customary
restrictions on the transfer or disposition thereof pursuant to such Lien. 

SECTION
4.11    LIMITATION ON LINES OF BUSINESS    

        Neither
the Company nor any of the Company's Subsidiaries shall directly or indirectly engage to any substantial extent in any line or lines of business activity other than that which,
in the reasonable good faith judgment of the Company's Board of Directors, is a Related Business.

 

SECTION
4.12    LIMITATION ON TRANSACTIONS WITH AFFILIATES    

        Neither
the Company nor any of the Company's Subsidiaries shall be permitted on or after the Issue Date to enter into or suffer to exist any contract, agreement, arrangement or
transaction with any Affiliate (an "Affiliate Transaction"), or any series of related Affiliate Transactions, (other than Exempted Affiliate Transactions), (1) unless it is determined that the
terms of such Affiliate Transaction are fair and reasonable to the Company, and no less favorable to the Company than could have been obtained in an arm's length transaction with a
non-Affiliate, and (2) if involving consideration to either party in excess of $2,000,000, unless such Affiliate Transaction(s) has been approved by a majority of the members of the
Company's Board of Directors (including a majority of members of the Company's Board of Directors that are disinterested such transaction, if there are any directors who are so disinterested), and
(3) if involving consideration to either party in excess of $10,000,000, or $5,000,000 if there are no disinterested directors for such transaction, unless, in addition the Company, prior to
the consummation thereof, obtains a written favorable opinion as to the fairness of such transaction to the Company from a financial point of view from an independent investment banking firm of
national reputation in the United States or, if pertaining to a matter for which such investment banking firms do not customarily render such opinions, an appraisal or valuation firm of national
reputation in the United States. Within 5 days of any Affiliate Transaction(s) involving consideration to either party of $500,000 or more, the Company shall deliver to the Trustee an Officers'
Certificate addressed to the Trustee certifying that such Affiliate Transaction (or Transactions) complied with clauses (1), (2), and (3) of this Section 4.12, as
applicable. 

SECTION
4.13    LIMITATION ON SALE OF ASSETS AND SUBSIDIARY STOCK    

        (a)  The
Company shall not and the Guarantors shall not, and neither the Company nor the Guarantors shall permit any of the Company's Subsidiaries to, in one or a series of
related transactions, (i) convey, sell, transfer, assign or otherwise dispose of, directly or indirectly, any of their property, business or assets, including by merger or consolidation (in the
case of a Guarantor or one of the Company's Subsidiaries), or any sale and leaseback transaction, or (ii) sell, transfer or issue of any Equity Interests of any of the Company's Subsidiaries,
whether by the Company or one of the Company's Subsidiaries or through the issuance, sale or transfer of Equity Interests by one of the Company's Subsidiaries (any of the foregoing, an "Asset Sale"),
unless: 

        (1)  at
least 75% of the total consideration for such Asset Sale or series of related Asset Sales consists of cash, Cash Equivalents, Related Business Assets, or a
combination thereof, and 

        (2)  with
respect to any Asset Sale or related series of Asset Sales involving a conveyance sale, transfer, assignment or other disposition of securities, property or assets
with an aggregate fair market value in excess of $5,000,000, the Company's Board of Directors determines in good faith that the Company receive or such Subsidiary receives, as applicable, fair market
value for such Asset Sale. 

For
purposes of clause (1) above, the following shall be deemed cash consideration (a) Senior Indebtedness or balance sheet liabilities (other than contingent liabilities) owed to trade
creditors assumed by a transferee in connection with such Asset Sale; provided, that the Company is and the Company's Subsidiaries are fully released
from obligations in connection therewith and (b) property that within 30 days of such Asset Sale is converted into cash or Cash Equivalents;  provided, that such cash and Cash Equivalents shall
be treated as Net Cash Proceeds attributable to the original Asset Sale for which such property was
received.

 

        (b)  Within
365 days following such Asset Sale, the Net Cash Proceeds therefrom (the "Asset Sale Amount") may be: 

        (1)  invested
in Related Business Assets, used to make Restricted Investments that are not prohibited by Section 4.9 hereof or used to make Permitted Investments other
than those permitted by clauses (a), (b), (d) and (e) of the definition of "Permitted Investments," or 

        (2)  used
to retire Senior Indebtedness and, in the case of Indebtedness outstanding under the Credit Agreement pursuant to clause (j) of the definition of "Permitted
Indebtedness," to permanently reduce the amount of such Indebtedness outstanding on the Issue Date or permitted to be incurred pursuant to clause (j) of the definition of "Permitted
Indebtedness," or 

        (3)  applied
to the optional redemption of the Notes in accordance with the terms of this Indenture and to the optional redemption of other Indebtedness  pari passu with the Notes with similar provisions
requiring the Company to repurchase such Indebtedness with the proceeds from such Asset Sale,  pro rata in proportion to the respective principal amounts (or accreted values in the case of Indebtedness
issued with an original issue discount) of
the Notes and such other Indebtedness then outstanding, 

except
that, in the case of each of the provisions of clauses (1) and (2), only proceeds from an Asset Sale of assets or capital stock of a Foreign Subsidiary may be invested in or used to
retire Indebtedness of a Foreign Subsidiary. Pending the final application of any Net Cash Proceeds, the Company may temporarily reduce revolving credit borrowings or otherwise invest the Net Cash
Proceeds in any manner that is not prohibited by this Indenture. 

        (c)  The
accumulated Net Cash Proceeds from Asset Sales not applied as set forth in clauses (1), (2) or (3) of Section 4.13(b) above shall
constitute Excess Proceeds. Within 30 days after the date that the amount of Excess Proceeds exceeds $10,000,000, the Company shall apply an amount equal to the Excess Proceeds (rounded to the
nearest $1,000) (the "Asset Sale Offer Amount") by making an offer to repurchase the Notes and such other pari passu Indebtedness with similar
provisions requiring the
Company to make an offer to purchase such Indebtedness with the proceeds from such Asset Sale pursuant to a cash offer (subject only to conditions required by applicable law, if any,  pro rata in
proportion to the respective principal amounts (or accreted values in the case of Indebtedness issued with an original issue discount) of
the Notes and such other Indebtedness then outstanding (the "Asset Sale Offer"), at a purchase price of 100% of the principal amount of the Notes (the "Asset Sale Offer Price"), together with accrued
and unpaid interest (and Liquidated Damages, if any) to the date of payment). Each Asset Sale Offer shall remain open for a minimum of 20 Business Days and not more than 60 days following its
commencement (the "Asset Sale Offer Period"). 

        (d)  Upon
expiration of the Asset Sale Offer Period, the Company shall apply the Asset Sale Offer Amount to the purchase of all Indebtedness properly tendered in accordance
with the provisions hereof (on a pro rata basis if the Asset Sale Offer Amount is insufficient to purchase all Indebtedness so tendered) at the Asset
Sale Offer Price, together with accrued and unpaid interest (and Liquidated Damages, if any) to the date of payment, in the case of any Notes that have been tendered, and the price required by the
terms of any such other pari passu Indebtedness with similar provisions requiring the Company to make an offer to purchase such Indebtedness with the
proceeds from such Asset Sale. To the extent that the aggregate amount of Notes and such other pari passu Indebtedness tendered pursuant to an Asset
Sale Offer is less than the Asset Sale Offer Amount, the Company may invest any remaining Net Cash Proceeds for general corporate purposes as otherwise permitted by this Indenture and following the
consummation of each Asset Sale Offer the Excess Proceeds amount shall be reset to zero.

 

        Notwithstanding,
and without complying with, the provisions of this Section 4.13: 

        (1)  the
Company may and the Company's Subsidiaries may, in the ordinary course of business, (a) convey, sell, transfer, assign or otherwise dispose of assets acquired
and held for resale in the ordinary course of business and (b) liquidate cash or Cash Equivalents; 

        (2)  the
Company may and the Company's Subsidiaries may convey, sell, transfer, assign or otherwise dispose of assets pursuant to and in accordance with Sections 5.1
and 5.2 hereof; 

        (3)  the
Company may and the Company's Subsidiaries may sell or dispose of damaged, worn out or other obsolete personal property in the ordinary course of business so long as
such property is no longer necessary for the proper conduct of the Company's business or the business of such Subsidiary, as applicable; 

        (4)  the
Company may and the Company's Subsidiaries may cancel the lease of a theater, and transfer or convey equipment contained in such theater to the lessor of such
theater in connection with the
termination of such lease, in the ordinary course of business, consistent with the Company's and its Subsidiaries' past practices, so long as such theater, and such equipment, if any, is no longer
necessary for the proper conduct of the Company's business or the business of such Subsidiary, as applicable; 

        (5)  the
Company may and the Guarantors may convey, sell, transfer, assign or otherwise dispose of assets to the Company or any of the Guarantors; 

        (6)  the
Company may and each of the Company's Subsidiaries may surrender or waive contract rights or settle, release or surrender contract, tort or other litigation claims
in the ordinary course of business or grant Liens (and permit foreclosure thereon) not prohibited by this Indenture; 

        (7)  Foreign
Subsidiaries may convey, sell, transfer, assign or otherwise dispose of assets to the Company, any of the Guarantors, or any other Foreign Subsidiary; 

        (8)  the
Company may and the Guarantors and the Exempted Subsidiaries may convey, sell, transfer, assign or otherwise dispose of assets to the Company, any of the Guarantors
or the Exempted Subsidiaries; 

        (9)  the
Company may and the Company's Subsidiaries may make conveyances, sales, assignments or other dispositions that constitute Permitted Investments (excluding
clauses (a), (b), (c), (e) and (h) in the definition thereof) and Restricted Payments not prohibited under Section 4.9 hereof; and 

      (10)  the
Company may, and the Company's Subsidiaries may, in one or a series of related transactions, sell or dispose of assets for which the Company or the Company's
Subsidiaries receive aggregate consideration of less than $1,000,000. 

        All
Net Cash Proceeds from an Event of Loss shall be reinvested or used as otherwise provided above in clause (b)(1) or (2) of this Section 4.13. 

        Any
Asset Sale Offer shall be made in compliance with all applicable laws, rules, and regulations, including, if applicable, Regulation 14E of the Exchange Act and the rules and
regulations thereunder and all other applicable Federal and state securities laws. To the extent that the provisions of any securities laws or regulations conflict with the provisions of this
Section 4.13, the Company's compliance or the compliance of any of the Company's subsidiaries with such laws and regulations shall not in and of itself cause a breach of the Company's
obligations under this Section 4.13. 

        If
the payment date in connection with an Asset Sale Offer hereunder is on or after the Record Date for an Interest Payment Date and on or before the associated Interest Payment Date,
any accrued

  
and unpaid interest (and Liquidated Damages, if any), due on such Interest Payment Date) shall be paid to the Person in whose name a Note is registered at the close of business on such Record Date. 

SECTION
4.14    REPURCHASE OF NOTES AT THE OPTION OF THE HOLDER UPON A CHANGE OF CONTROL    

        In
the event that a Change of Control has occurred, each Holder of Notes shall have the right, at such Holder's option, pursuant to an offer (subject only to conditions required by
applicable law, if any) by the Company (the "Change of Control Offer"), to require the Company to repurchase all or any part of such Holder's Notes
(provided, that the principal amount of such Notes must be $1,000 or an integral multiple thereof) on a date (the "Change of Control Purchase Date")
that is no later than 90 days after the occurrence of such Change of Control, at a cash price equal to 101% of the principal amount thereof (the "Change of Control Purchase Price"), together
with accrued and unpaid interest (and Liquidated Damages, if any), to the Change of Control Purchase Date. 

        The
Change of Control Offer shall be made within 30 days following a Change of Control and shall remain open for at least 20 Business Days following its commencement (the "Change
of Control Offer Period"). Upon expiration of the Change of Control Offer Period, the Company shall promptly purchase all Notes properly tendered in response to the Change of Control Offer. 

        Notwithstanding
the foregoing, the Company shall not be required to make a Change of Control Offer if a third party makes the Change of Control Offer in the manner, at the times and
otherwise in compliance with the requirements set forth in this Indenture applicable to a Change of Control Offer made by the Company, including any requirements to repay in full all Indebtedness
under the Credit Agreement, any of the Company's other Senior Indebtedness or Senior Indebtedness of any Guarantor or obtains the consents of such lenders to such Change of Control Offer as set forth
in the following paragraph of this Section 4.14, and purchases all Notes validly tendered and not withdrawn under such Change of Control Offer. 

        Prior
to the commencement of a Change of Control Offer, but in any event within 30 days following any Change of Control, the Company shall: 

        (1)  (a)
repay in full in cash and terminate all commitments under Indebtedness under the Credit Agreement and all other Senior Indebtedness the terms of which require
repayment upon a Change of Control or (b) offer to repay in full and terminate all commitments under all Indebtedness under the Credit Agreement and all such other Senior Indebtedness and repay
the Indebtedness owed to each lender which has accepted such offer in full, or 

        (2)  obtain
the requisite consents under the Credit Agreement and all such other Senior Indebtedness to permit the repurchase of the Notes as provided herein. 

        The
Company's failure to comply with the preceding sentence shall constitute an Event of Default described in clause (3) under Section 6.1 hereof, but without giving effect
to the stated exceptions in such clause. 

        On
or before the Change of Control Purchase Date, the Company shall: 

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

        (2)  deposit
with the Paying Agent cash sufficient to pay the Change of Control Purchase Price (together with accrued and unpaid interest (and Liquidated Damages, if any) to
the Change of Control Purchase Date) of all Notes so tendered, and 

        (3)  deliver
or cause to be delivered to the Trustee the Notes so accepted together with an Officers' Certificate listing the Notes or portions thereof being purchased by the
Company.

 

        The
Company promptly shall pay or cause to be paid to the Holders of Notes so accepted an amount equal to the Change of Control Purchase Price (together with accrued and unpaid interest
(and Liquidated Damages, if any) to the Change of Control Purchase Date) and the Trustee promptly shall authenticate and deliver to such Holders a new Note equal in principal amount to any unpurchased
portion of the Note surrendered. Any Notes not so accepted shall be delivered promptly by the Company to the Holder thereof. The Company publicly shall announce the results of the Change of Control
Offer on or as soon as practicable after the Change of Control Purchase Date. 

        Any
Change of Control Offer shall be made in compliance with all applicable laws, rules and regulations, including, if applicable, Regulation 14E under the Exchange Act and the
rules thereunder and all other applicable Federal and state securities laws. To the extent that the provisions of any securities laws or regulations conflict with the provisions of this covenant, the
Company's compliance or compliance by any of the Guarantors with such laws and regulations shall not in and of itself cause a breach of their obligations under such covenant. 

        If
the Change of Control Purchase Date hereunder is on or after an interest payment Record Date and on or before the associated Interest Payment Date, any accrued and unpaid interest
(and Liquidated Damages, if any) due on such Interest Payment Date shall be paid to the Person in whose name a Note is registered at the close of business on such Record Date. 

SECTION
4.15    LIMITATION ON LAYERING INDEBTEDNESS    

        The
Company shall not, and the Guarantors shall not and neither the Company nor the Guarantors shall permit any of the Company's Subsidiaries to, directly or indirectly, incur, or suffer
to exist any Indebtedness that is contractually subordinate in right of payment to any of the Company's other Indebtedness or any other Indebtedness of a Guarantor unless, by its terms, such
Indebtedness is contractually subordinate in right of payment to, or ranks pari passu with, the Notes or the Guarantee, as applicable. 

SECTION
4.16    SUBSIDIARY GUARANTORS    

        All
of the Company's present Subsidiaries, other than the Exempted Subsidiaries, and all of the Company's future Subsidiaries (other than Foreign Subsidiaries), jointly and severally
shall guaranty all principal, premium, if any, and interest on the Notes on a senior subordinated basis. The term Subsidiary does not include Unrestricted Subsidiaries. 

        Notwithstanding
anything herein or in this Indenture to the contrary, if any of the Company's Subsidiaries (including Foreign Subsidiaries) that is not a Guarantor guarantees any of the
Company's other Indebtedness or any other Indebtedness of any of the Guarantors, or the Company or any of the Company's Subsidiaries, individually or collectively, pledges more than 65% of the Voting
Equity Interests of a Foreign Subsidiary that is not a Guarantor to a lender to secure the Company's Indebtedness or any Indebtedness of any Guarantor, then such Foreign Subsidiary must become a
Guarantor. 

SECTION
4.17    LIMITATION ON STATUS AS INVESTMENT COMPANY    

        The
Company and its Subsidiaries shall be prohibited from being required to register as an "investment company" (as that term is defined in the Investment Company Act of 1940, as amended
(the "Investment Company Act")), or from otherwise becoming subject to regulation under the Investment Company Act. 

SECTION
4.18    MAINTENANCE OF PROPERTIES AND INSURANCE    

        The
Company and the Guarantors shall cause all material properties used or useful to the conduct of their business and the business of each of their Subsidiaries to be maintained and
kept in good condition, repair and working order (reasonable wear and tear excepted) and supplied with all

  
necessary equipment and shall cause to be made all necessary repairs, renewals, replacements, betterments and improvements thereof, all as in their reasonable judgment may be necessary, so that the
business carried on in connection therewith may be properly conducted at all times; provided, however, that nothing in this Section 4.18 shall
prevent the Company or any Guarantor from discontinuing any operation or maintenance of any of such properties, or disposing of any of them, if such discontinuance or disposal is (a) (i) in the
judgment of the Company, desirable in the conduct of the business of such entity and (ii) would not have a material adverse effect on the ability of the Company and the Guarantors to satisfy
their obligations under the Notes, the Guarantees and this Indenture, and, to the extent applicable, (b) as otherwise permitted under Section 4.13 hereof. 

        The
Company and Guarantors shall provide, or cause to be provided, for themselves and each of their Subsidiaries, insurance (including appropriate self-insurance) against
loss or damage of the kinds that, in the reasonable, opinion of the Company is adequate and appropriate for the conduct of the business of the Company, the Guarantors and such Subsidiaries. 

SECTION
4.19    CORPORATE EXISTENCE    

        Subject
to Section 4.14 and Article V 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 Subsidiaries, in accordance with the respective organizational documents (as the same may be amended from time to
time) of the Company or any such Subsidiary and (ii) the rights (charter and statutory), licenses and franchises of the Company and its Subsidiaries; provided,
however, 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 Subsidiaries,
if the Board of Directors shall determine that the preservation thereof is no longer desirable in the conduct of the business of the Company and its Subsidiaries, taken as a whole, and that the loss
thereof would not have a material adverse effect on the ability of the Company and the Guarantors to satisfy their obligations under the Notes, the Guarantees and this Indenture. 

ARTICLE V

SUCCESSORS  

SECTION
5.1    MERGER, CONSOLIDATION OR SALE OF ASSETS    

        The
Company shall not consolidate with or merge with or into another Person or, directly or indirectly, sell, lease, convey or transfer all or substantially all of the Company's assets
(such amounts to be computed on a consolidated basis), whether in a single transaction or a series of related transactions, to another Person or group of affiliated Persons, unless: 

        (1)  either
(a) the Company is the continuing entity or (b) the resulting, surviving or transferee entity is a corporation organized under the laws of the
United States, any state thereof or the District of Columbia and expressly assumes by supplemental indenture all of the Company's obligations in connection with the Notes and this Indenture; 

        (2)  no
Default or Event of Default shall exist or shall occur immediately after giving effect on a pro forma basis to such
transaction; 

        (3)  unless
such transaction is solely the merger of the Company and one of the Company's previously existing Wholly Owned Subsidiaries which is also a Guarantor for the
purpose of reincorporation into another jurisdiction and which transaction is not for the purpose of evading this provision and not in connection with any other transaction, immediately after giving
effect to such transaction on a pro forma basis, the consolidated resulting, surviving or transferee entity would immediately thereafter be permitted to
incur at least $1.00 of additional Indebtedness pursuant to the Debt Incurrence Ratio set forth in Section 4.7 herein or, if not, the Debt

  
Incurrence Ratio on a pro forma basis is at least equal to the Debt Incurrence Ratio immediately prior thereto; and 

        (4)  each
Guarantor, shall have by amendment to its Guarantee and, as applicable this Indenture, if necessary confirmed in writing that its Guarantee shall apply to the
obligations of the Company or the surviving entity in accordance with the Notes and this Indenture. 

SECTION
5.2    SUCCESSOR CORPORATION SUBSTITUTED    

        Upon
any consolidation or merger or any transfer of all of the Company's assets in accordance with the foregoing, the successor corporation formed by such consolidation or into which the
Company are merged or to which such transfer is made shall succeed to and (except in the case of a lease) be substituted for, and may exercise every right and power of, the Company under this
Indenture with the
same effect as if such successor corporation had been named therein as the Company, and (except in the case of a lease) the Company shall be released from the obligations under the Notes and this
Indenture except with respect to any obligations that arise from, or are related to, such transaction. 

        For
purposes of the foregoing, the transfer (by lease, assignment, sale or otherwise) of all or substantially all of the properties and assets of one or more Subsidiaries, the Company's
interest in which constitutes all or substantially all of the Company's properties and assets, shall be deemed to be the transfer of all or substantially all of the Company's properties and assets.

   ARTICLE VI

DEFAULTS AND REMEDIES  

SECTION
6.1    EVENTS OF DEFAULT    

        An
"Event of Default," wherever used herein, means any one of the following events: 

        (1)  the
Company's failure to pay any installment of interest (or Liquidated Damages, if any) on the Notes as and when the same becomes due and payable and the continuance of
any such failure for 30 days, 

        (2)  the
Company's failure to pay all or any part of the principal, or premium, if any, on the Notes when and as the same becomes due and payable at maturity, redemption, by
acceleration or otherwise, including, without limitation, payment of the Change of Control Purchase Price or the Asset Sale Offer Price, on Notes validly tendered and not properly withdrawn pursuant
to a Change of Control Offer or Asset Sale Offer, as applicable, 

        (3)  the
Company's failure or the failure by any of the Company's Subsidiaries to observe or perform any other covenant or agreement contained in the Notes or this Indenture
and, except for the provisions under Sections 5.1 and 5.2 hereof, the continuance of such failure for a period of 30 days after written notice is given to the Company by the Trustee or to the
Company and the Trustee by the Holders of at least 25% in aggregate principal amount of the Notes outstanding, 

        (4)  a
court having jurisdiction in the premises enters a decree or order for (a) relief in respect of the Company or any Significant Subsidiary in an involuntary case
under any applicable Bankruptcy Law now or hereafter in effect, (b) appointment of a receiver, liquidator, assignee, custodian, trustee, sequestrator or similar official of the Company or any
Significant Subsidiary or for all or substantially all of the property and assets of the Company or any Significant Subsidiary or (c) the winding up or liquidation of the affairs of the Company
or any Significant Subsidiary and, in each case, such decree or order shall remain unstayed and in effect for a period of 60 consecutive days; 

        (5)  the
Company or any Significant Subsidiary (a) commences a voluntary case under any applicable Bankruptcy Law now or hereafter in effect, or consents to the entry
of an order for relief in an involuntary case under any such law, (b) consents to the appointment of or taking possession by a receiver, liquidator, assignee, custodian, trustee, sequestrator
or similar official of the Company or any Significant Subsidiary or for all or substantially all of the property and assets of the Company or any Significant Subsidiary or (c) effects any
general assignment for the benefit of creditors; 

        (6)  a
default in the Company's Indebtedness or the Indebtedness of any of the Company's Subsidiaries with an aggregate amount outstanding in excess of $10,000,000
(a) resulting from the failure to pay principal at maturity or (b) as a result of which the maturity of such Indebtedness has been accelerated prior to its stated maturity, 

        (7)  final
unsatisfied judgments not covered by insurance aggregating in excess of $10,000,000, at any one time rendered against the Company or any of the Company's
Subsidiaries and not stayed, bonded or discharged within 60 days, and 

        (8)  any
Guarantee of a Guarantor that is a Significant Subsidiary ceases to be in full force and effect or becomes unenforceable or invalid or is declared null and void
(other than in accordance with the terms of the Guarantee and this Indenture) or any Guarantor denies or disaffirms its Obligations under its Guarantee.

 

SECTION
6.2    ACCELERATION    

        (a)  If
an Event of Default occurs and is continuing (other than an Event of Default specified in clauses (4) and (5) of Section 6.1 hereof relating to
the Company or any of the Company's Significant Subsidiaries,) then in every such case, unless the principal of all of the Notes shall have already become due and payable, either the Trustee or the
Holders of at least 25% in aggregate principal amount of the Notes then outstanding, by notice in writing to the Company (and to the Trustee if given by Holders) (an "Acceleration Notice"), may
declare all principal, determined as set forth below, and accrued interest (and Liquidated Damages, if any) thereon to be due and payable immediately; provided,
however, that if any Senior Indebtedness is outstanding pursuant to the Credit Agreement, upon a declaration of such acceleration, such principal and interest shall be due and
payable upon the earlier of (x) the fifth Business Day after sending the Company and the representative under the Credit Agreement such Acceleration Notice, unless such Event of Default is
cured or waived prior to such date and (y) the date of acceleration of any Senior Indebtedness under the Credit Agreement. In the event a declaration of acceleration resulting from an Event of
Default described in clause (6) under Section 6.1 hereof with respect to any Senior Indebtedness outstanding pursuant to the Credit Agreement has occurred and is continuing, such
declaration of acceleration shall be automatically
annulled if such default is cured or waived or the holders of the Indebtedness which is the subject of such default have rescinded their declaration of acceleration in respect of such Indebtedness
within five days thereof and the Trustee has received written notice or such cure, waiver or rescission and no other Event of Default described in clause (6) under Section 6.1 hereof has
occurred that has not been cured or waived within five days of the declaration of such acceleration in respect of such Indebtedness. If an Event of Default specified in clause (4) or
(5) under Section 6.1 hereof, relating to the Company or any of the Company's Significant Subsidiaries occurs, all principal and accrued interest (and Liquidated Damages, if any) thereon
shall be immediately due and payable on all outstanding Notes without any declaration or other act on the part of the Trustee or the Holders. 

        (b)  Prior
to the declaration of acceleration of the maturity of the Notes, the Holders of a majority in aggregate principal amount of the Notes at the time outstanding may
waive on behalf of all the Holders any Default, except a Default in the payment of principal of or interest on any Note not yet cured or a Default with respect to any covenant or provision which
cannot be modified or amended without the consent of the Holder of each outstanding Note affected. Subject to the provisions of this Indenture relating to the duties of the Trustee, the Trustee shall
be under no obligation to exercise any of its rights or powers under this Indenture at the request, order or direction of any of the Holders, unless such Holders have offered to the Trustee reasonable
security or indemnity. Subject to all provisions of this Indenture and applicable law, the Holders of a majority in aggregate principal amount of the Notes at the time outstanding shall have the right
to direct the time, method and place of conducting any proceeding for any remedy available to the Trustee, or exercising any trust or power conferred on the Trustee. 

        (c)  At
any time after such a declaration of acceleration being made and before a judgment or decree for payment of the money due has been obtained by the Trustee as
hereinafter provided in this Article VI, the Holders of not less than a majority in aggregate principal amount of then outstanding Notes, by written notice to the Company and the Trustee, may
rescind, on behalf of all Holders, any such declaration of acceleration and its consequences if: 

        (1)  the
Company has paid or deposited with the Trustee cash sufficient to pay: (a) all overdue interest (and Liquidated Damages, if any) on all Notes; (b) the
principal of (and premium, if any, applicable to) any Notes which would become due other than by reason of such declaration of acceleration, and to the extent such interest is lawful, interest thereon
at the rate borne by the Notes; (c) to the extent that payment of such interest is lawful, interest upon overdue interest at the rate borne by the Notes; and (d) all sums paid or
advanced by the Trustee

  
hereunder and the reasonable compensation, expenses, disbursements and advances of the Trustee and its agents and counsel, and all other amounts due the Trustee under Section 7.7 hereof; and 

        (2)  all
Events of Default, other than the non-payment of the principal of, premium, if any, and interest (and Liquidated Damages, if any) on the Notes which have
become due solely by such declaration of acceleration, have been cured or waived as provided in Section 6.4 hereof. 

        (d)  Notwithstanding
clause (c)(2) of this Section 6.2, no waiver shall be effective against any Holder for any Event of Default or event which with notice or
lapse of time or both would be an Event of Default with respect to any covenant or provision which cannot be modified or amended without the consent of the Holder of each outstanding Note affected
thereby, unless all such affected Holders agree, in writing, to waive such Event of Default or other event. No such waiver shall cure or waive any subsequent default or impair any right consequent
thereon. 

SECTION
6.3    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, Liquidated Damages, 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
6.4    WAIVER OF PAST DEFAULTS    

        Subject
to Section 6.7 hereof and notwithstanding anything contained in Section 6.2(b), the Holders of a majority in principal amount of the outstanding Notes by written
notice to the Company and to the Trustee, may, on behalf of all Holders, waive any existing or past Default or Event of Default hereunder and its consequences under this Indenture, except, subject to
Section 6.2(c), a default: 

        (1)  in
the payment of principal of, premium, if any, Liquidated Damages, if any, or interest on any Note not yet cured as specified in clauses (1) and (2) of
Section 6.2(c) hereof; 

        (2)  in
respect of a covenant or provision hereof which, under Article IX, cannot be modified or amended without the consent of the Holder of each outstanding Note
affected, unless all such affected Holders agree, in writing, to waive such default; or 

        (3)  the
rescission of which would conflict with any judgment or decree of a court of competent jurisdiction. 

        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 arising therefrom. 

SECTION
6.5    CONTROL BY MAJORITY    

        Holders
of a majority in aggregate principal amount of the then outstanding Notes may direct the time, method and place of conducting any proceeding for exercising any remedy available
to the Trustee or exercising any trust or power conferred on it. However, the Trustee may refuse to follow any direction that conflicts with law or this Indenture, that the Trustee determines in good
faith may be unduly prejudicial to the rights of other Holders of Notes not joining in the giving of such direction or that may involve the Trustee in personal liability and the Trustee may take any
other action it deems proper that is not inconsistent with any such direction received from Holders of the Notes.

 

SECTION
6.6    LIMITATION ON SUITS    

        A
Holder of a Note may pursue a remedy with respect to this Indenture or the Notes only if: 

        (1)  the
Holder of a Note gives to the Trustee written notice of a continuing Event of Default; 

        (2)  the
Holders of at least 25% in aggregate principal amount of the then outstanding Notes make a written request to the Trustee to pursue the remedy; 

        (3)  such
Holder of a Note or Holders of Notes offer and, if requested, provide to the Trustee indemnity satisfactory to the Trustee against any costs, liability or expense; 

        (4)  the
Trustee does not comply with the request within 60 days after receipt of the request and the offer and, if requested, the provision of indemnity; and 

        (5)  during
such 60-day period the Holders of a majority in aggregate principal amount of the then outstanding Notes do not give the Trustee a direction
inconsistent with the request. 

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
6.7    RIGHTS OF HOLDERS OF NOTES TO RECEIVE PAYMENT    

        Notwithstanding
any other provision of this Indenture, except as permitted by Section 9.2 hereof, the right of any Holder of a Note to receive payment of the principal of, premium
and interest (and Liquidated Damages, if any) on the Notes, on or after the respective due dates expressed in the Notes (including in connection with an offer to purchase) 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
6.8    COLLECTION SUIT BY TRUSTEE    

        If
an Event of Default specified in Section 6.1 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 Company for the whole amount of principal of, premium (and Liquidated Damages, if any) and interest remaining unpaid on the Notes and, to the extent lawful, 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
6.9    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 Company (or
any other obligor upon the Notes), its creditors or its property and shall be entitled and empowered 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 7.7 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 7.7 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; provided, however that the Trustee may, on behalf of the Holders, vote for the
election of a trustee in bankruptcy or similar official and may be a member of the creditor's committee. 

SECTION
6.10    PRIORITIES    

        If
the Trustee collects any money pursuant to this Article, it shall pay out the money in the following order: 

        First:    to the Trustee, its agents and attorneys for amounts due under Section 7.7 hereof, including payment of all
compensation, expense and liabilities incurred, and all advances made, by the Trustee and the costs and expenses of collection (including the reasonable compensation, expenses, disbursements and
advances of the Trustee, its agents and counsel); 

        Second:    to Holders of Notes for amounts due and unpaid on the Notes for principal and Liquidated Damages, 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 and Liquidated Damages, if any, and interest, respectively;
and 

        Third:    to the Company or to such party as a court of competent jurisdiction shall direct. 

        The
Trustee may fix a record date and payment date for any payment to Holders of Notes pursuant to this Section 6.10. 

SECTION
6.11    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 6.11 does not apply to a suit by the Trustee, a suit by a Holder of a Note pursuant to Section 6.7 hereof, or a suit by Holders of more than 10% in aggregate
principal amount of the then outstanding Notes. 

ARTICLE VII

TRUSTEE  

SECTION
7.1    DUTIES OF TRUSTEE    

        (a)  If
an Event of Default of which the Trustee has knowledge 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 man would exercise or use under the circumstances in the conduct of its own affairs. 

        (b)  Except
during the continuance of an Event of Default of which the Trustee has knowledge: 

        (1)  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 are specifically set
forth in this Indenture and no others, and no implied covenants or obligations shall be read into this Indenture against the Trustee; and

 

        (2)  in
the absence of bad faith on its part, the Trustee may conclusively rely, as to the truth of the statements and the correctness of the opinions expressed therein, upon
certificates or opinions furnished to the Trustee and conforming to the requirements of this Indenture. However, the Trustee shall examine 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: 

        (1)  this
paragraph (c) does not limit the effect of paragraph (b) of this Section 7.1; 

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

        (3)  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 6.5 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 Sections 7.1 and 7.2 hereof. 

        (e)  No
provision of this Indenture shall require the Trustee to expend or risk its own funds or incur any liability. The Trustee shall be under no obligation to exercise any
of its rights and powers under this Indenture at the request of any Holders, unless such Holder shall have offered to the Trustee security and indemnity satisfactory to it 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 Company. Money held in trust by the Trustee
need not be segregated from other funds except to the extent required by law. 

SECTION
7.2    RIGHTS OF TRUSTEE    

        (a)  In
connection with the Trustee's rights and duties under this Indenture, 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. 

        (b)  Before
the Trustee acts or refrains from acting under this Indenture, it may require an Officers' 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 Officers' Certificate or Opinion of Counsel. The Trustee may consult with counsel and the written advice of such
counsel or any Opinion of Counsel shall be full and complete authorization and protection 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 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 Company shall be sufficient if signed by an Officer of the
Company. 

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

 

        (g)  Except
with respect to Section 4.1 hereof, the Trustee shall have no duty to inquire as to the performance of the Company's covenants in Article IV hereof.
In addition, the Trustee shall not be deemed to have knowledge of any Default or Event of Default except (i) any Event of Default occurring pursuant to Sections 6.1(1), 6.1(2) and 4.1 hereof or
(ii) any Default or Event of Default of which the Trustee shall have received written notification in the manner set forth in this Indenture or an officer in the corporate trust administration
of the Trustee shall have obtained actual knowledge. Delivery of reports, information and documents to the Trustee under Section 4.3 hereof is for informational purposes only and the Trustee's
receipt of the foregoing shall not constitute constructive notice of any information contained therein or determinable from information contained therein, including the Company's or any Guarantor's,
as applicable, compliance with any of their covenants thereunder (as to which the Trustee is entitled to rely exclusively on an Officer's Certificate). 

        (h)  The
Trustee shall not be bound to make any investigation into the facts or matters stated in any resolution, certificate, statement, instrument, opinion, report, notice,
request, direction, consent, order, bond, debenture, note, other evidence of indebtedness or other paper or document, but the Trustee may, in its discretion, make such further inquiry or investigation
into such facts or matters as it may see fit. 

SECTION
7.3    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 Company or any Affiliate of the Company with the same rights
it would have if it were not Trustee. However, in the event that the Trustee acquires any conflicting interest (as defined in the TIA) 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
7.4    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 Company's use of
the proceeds from the Notes or any money paid to the Company or upon the Company's 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
7.5    NOTICE OF DEFAULTS    

        If
a Default or Event of Default occurs and is continuing and if it is known to the Trustee, the Trustee shall mail to Holders of Notes a notice in the manner and to the extent provided
by Section 313(c) of the TIA of the Default or Event of Default within 90 days after it occurs. Except in the case of a Default or Event of Default in payment of principal of, premium,
if any, Liquidated Damages, if any, or interest on any Note, the Trustee may withhold the notice if and so long as a committee of its Officers in good faith determines that withholding the notice is
in the interests of the Holders of the Notes. 

SECTION
7.6    REPORTS BY TRUSTEE TO HOLDERS OF THE NOTES    

        Within
60 days after each May 15 beginning with the May 15 following the date of this Indenture, 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 TIA § 313(a) (but if no event described in
TIA § 313(a) has occurred within the 12 months preceding the reporting date, no report need be transmitted). The Trustee also shall comply with
TIA § 313(b)(2). The Trustee shall also transmit by mail all reports as required by TIA § 313(c).

 

        A
copy of each report at the time of its mailing to the Holders of Notes shall be mailed to the Company and filed with the SEC and each stock exchange on which the Notes are listed in
accordance with TIA § 313(d). The Company shall promptly notify the Trustee when the Notes are listed on any stock exchange. 

SECTION
7.7    COMPENSATION AND INDEMNITY    

        The
Company shall pay to the Trustee from time to time reasonable compensation for its acceptance of this Indenture and services hereunder. The Trustee's compensation shall not be
limited by any law on compensation of a trustee of an express trust. The Company shall reimburse the Trustee 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
Company shall indemnify the Trustee against any and all losses, liabilities or expenses (including reasonable attorneys' fees) incurred by it arising out of or in connection
with the acceptance or administration of its duties under this Indenture, including the costs and expenses of enforcing this Indenture against the Company (including this Section 7.7) and
defending itself against any claim (whether asserted by the Company or any Holder or any other Person) or liability in connection with the exercise or performance of any of its powers or duties
hereunder, except to the extent any such loss, liability or expense may be attributable to its negligence, bad faith or willful misconduct. The Trustee shall notify the Company promptly of any claim
for which it may seek indemnity. Failure by the Trustee to so notify the Company shall not relieve the Company of its obligations hereunder. The Company shall defend the claim and the Trustee shall
cooperate in the defense. The Trustee may have separate counsel and the Company shall pay the reasonable fees and expenses of such counsel. The Company need not pay for any settlement made without its
consent, which consent shall not be unreasonably withheld. 

        The
obligations of the Company under this Section 7.7 shall survive the satisfaction and discharge of this Indenture. 

        To
secure the Company's payment obligations in this Section 7.7, 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 Sections 6.1(4) or 6.1(5) 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 TIA § 313(b)(2) to the extent applicable. 

SECTION
7.8    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 7.8. 

        The
Trustee may resign in writing at any time and be discharged from the trust hereby created by so notifying the Company. The Holders of Notes of a majority in principal amount of the
then outstanding Notes may remove the Trustee by so notifying the Trustee and the Company in writing. The Company may remove the Trustee if: 

        (1)  the
Trustee fails to comply with Section 7.10 hereof; 

        (2)  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;

 

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

        (4)  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 Company 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 Company. 

        If
a successor Trustee does not take office within 60 days after the retiring Trustee resigns or is removed, the retiring Trustee, the Company, or the Holders of Notes of at least
10% in aggregate 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 of a Note who has been a Holder of a Note for at least six months, fails to comply with Section 7.10 hereof, such Holder of a
Note 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 Company. 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 of
the Notes. 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 7.7 hereof. Notwithstanding replacement of the Trustee pursuant to this Section 7.8, the Company's
obligations under Section 7.7 hereof shall continue for the benefit of the retiring Trustee. 

SECTION
7.9    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 or trust company (or a member of a bank holding company) 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 (or the bank holding company of which it is a member 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 TIA § 310(a)(1), (2) and (5). The Trustee is subject to
TIA § 310(b). 

SECTION
7.11    PREFERENTIAL COLLECTION OF CLAIMS AGAINST COMPANY    

        The
Trustee is subject to TIA § 311(a), excluding any creditor relationship listed in TIA § 311(b). A Trustee who has resigned or been
removed shall be subject to TIA § 311(a) to the extent indicated therein. 

ARTICLE VIII

LEGAL DEFEASANCE AND COVENANT DEFEASANCE  

SECTION
8.1    OPTION TO EFFECT LEGAL DEFEASANCE OR COVENANT DEFEASANCE    

        The
Company may, at the option of its Board of Directors evidenced by a resolution set forth in an Officers' Certificate, at any time, elect to have either Section 8.2 or 8.3
hereof be applied to all outstanding Notes upon compliance with the conditions set forth below in this Article VIII. 

SECTION
8.2    LEGAL DEFEASANCE AND DISCHARGE    

        Upon
the Company's exercise under Section 8.1 hereof of the option applicable to this Section 8.2, each of the Company and the Guarantors, as applicable, shall, subject to
the satisfaction of the applicable conditions set forth in Section 8.4 hereof, be deemed to have been discharged from its obligations with respect to all outstanding Notes and Guarantees, as
applicable, on the date the conditions set forth below are satisfied (hereinafter, "Legal Defeasance"). For this purpose, Legal Defeasance means that the Company shall be deemed to have paid and
discharged all amounts owed under the outstanding Notes, and the Guarantors shall be deemed to have paid and discharged the entire Indebtedness represented by the outstanding Guarantees, which shall
thereafter be deemed to be "outstanding" only for the purposes of Section 8.5 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, such Guarantees and this Indenture (and the Trustee, on demand of and at the expense of the Company, shall execute proper instruments
acknowledging the same), except for the following provisions which shall survive until otherwise terminated or discharged hereunder: (a) the rights of Holders of outstanding Notes to receive
solely from the trust fund described in Section 8.4 hereof, and as more fully set forth in Section 8.4, payments in respect of the principal of, premium, if any, and interest (and
Liquidated Damages, if any) on such Notes when such payments are due, (b) the Company's obligations with respect to such Notes under Sections 2.6, 2.7 and 2.10 and Section 4.2 hereof,
(c) the rights, powers, trusts, duties and immunities of the Trustee hereunder and the Company's obligations in connection therewith and (d) this Article VIII. Subject to
compliance with this Article VIII, the Company may exercise its option under this Section 8.2 notwithstanding the prior exercise of its option under Section 8.3 hereof. 

SECTION
8.3    COVENANT DEFEASANCE    

        Upon
the Company's exercise under Section 8.1 hereof of the option applicable to this Section 8.3, subject to the satisfaction of the applicable conditions set forth in
Section 8.4 hereof, the Company and
the Guarantors shall be released from their respective obligations under Sections 4.3, 4.4, 4.5, 4.7, 4.8, 4.9, 4.10, 4.11, 4.12, 4.13, 4.14, 4.15, 4.16 and 4.18 hereof and Article V hereof,
and the Guarantors shall be released from their obligations under Article X hereof, in each case on and after the date the conditions set forth below are satisfied (hereinafter, "Covenant
Defeasance"), and the Notes and the Guarantees 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 Company and the Guarantors 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 6.1 hereof,
but, except as specified above, the remainder of this Indenture and such Notes shall be unaffected thereby. In addition, upon the Company's exercise under Section 8.1 hereof of the option
applicable to this Section 8.3, subject to the satisfaction of the applicable conditions set forth in Section 8.4 hereof, (x) Sections 6.1(3), (6), and (7) hereof shall not
constitute Events of Default and (y) Sections 6.1(4) and 6.1(5) hereof shall not constitute an Event of Default to the extent they occur after the 91st day following the occurrence of the
Company's exercise

 
of Covenant Defeasance; provided, however that for all other purposes as set forth herein, such Covenant Defeasance provisions shall be effective. 

SECTION
8.4    CONDITIONS TO LEGAL OR COVENANT DEFEASANCE    

        The
following shall be the conditions to the application of either Section 8.2 or 8.3 hereof to the outstanding Notes: 

        In
order to exercise either Legal Defeasance or Covenant Defeasance: 

        (a)  the
Company must irrevocably deposit with the Trustee, in trust, for the benefit of the Holders, cash in United States legal tender, U.S. Government Obligations, or a
combination thereof, in amounts that shall be sufficient, in the opinion of a nationally recognized firm of independent public accountants, to pay the principal of, premium, if any, and Liquidated
Damages, if any, and interest on the outstanding Notes on the stated date for payment thereof or on the applicable redemption date, as the case may be, and the Trustee must have, for the benefit of
Holders of the Notes, a valid, perfected exclusive security interest in such trust; 

        (b)  in
the case of an election under Section 8.2 hereof, the Company must deliver to the Trustee an Opinion of Counsel reasonably acceptable to the Trustee from
United States legal counsel confirming that (A) the Company has received from, or there has been published by the Internal Revenue Service a ruling, or (B) since the date of this
Indenture, there has been a change in the applicable federal income
tax law, in either case to the effect that, the Holders of the outstanding Notes shall not recognize income, gain or loss for federal income tax purposes as a result of such Legal Defeasance and shall
be subject to federal income tax on the same amounts, in the same manner and at the same times as would have been the case if such Legal Defeasance had not occurred; 

        (c)  in
the case of an election under Section 8.3 hereof, the Company must deliver to the Trustee an Opinion of Counsel reasonably acceptable to the Trustee from
United States legal counsel confirming that Holders of the outstanding Notes shall not recognize income, gain or loss for federal income tax purposes as a result of such Covenant Defeasance and shall
be subject to federal income tax on the same amounts, in the same manner and at the same times as would have been the case if such Covenant Defeasance had not occurred; 

        (d)  in
the case of an election under Section 8.2 or 8.3 hereof, (x) no Default or Event of Default shall have occurred and be continuing on the date of the
deposit, and (y) in the case of Legal Defeasance, no Event of Default specified in clause (4) or (5) of Section 6.1 hereof shall have occurred at any time from the date of
the deposit to the 91st calendar day thereafter; 

        (e)  the
Defeasance may not result in a breach or violation of, or constitute a default under this Indenture or any other material agreement or instrument to which the
Company or any of its Subsidiaries is a party or by which the Company or any of its Subsidiaries is bound; 

          (f)  the
Company must deliver to the Trustee an Officers' Certificate stating that the deposit was not made by the Company with the intent to hinder, delay or defraud any
other of the Company's creditors; and 

        (g)  the
Company must deliver to the Trustee an Officers' Certificate confirming the satisfaction of the conditions in clauses (a) through (f) above, and an
Opinion of Counsel, confirming the satisfaction of the conditions in clauses (a) (with respect to the validity and perfection of the security interest), (b), (c) and (e) above. 

        Legal
Defeasance and Covenant Defeasance shall be deemed to occur on the earlier of (i) the 91st day after the deposit and (ii) the date all of the applicable conditions
set forth in this Section 8.4 are satisfied.

SECTION
8.5    DEPOSITED MONEY AND GOVERNMENT SECURITIES TO BE HELD IN TRUST; OTHER MISCELLANEOUS PROVISIONS    

        Subject
to Section 8.6 hereof, all money and U.S. Government Obligations (including the proceeds thereof) deposited with the Trustee (or other qualifying trustee, collectively for
purposes of this Section 8.5, the "Trustee") pursuant to Section 8.4 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 Company 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, if any, and interest (and Liquidated Damages, if any), but such money need not be segregated from other funds
except to the extent required by law. 

        The
Company shall pay and indemnify the Trustee against any tax, fee or other charge imposed on or assessed against the money or U.S. Government Obligations deposited pursuant to
Section 8.4 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 VIII to the contrary notwithstanding, the Trustee shall deliver or pay to the Company from time to time upon the request of the Company any money or U.S.
Government Obligations held by it as provided in Section 8.4 hereof which, in the opinion of a firm of independent public accountants nationally recognized in the United States expressed in a
written certification thereof delivered to the Trustee (which may be the opinion delivered under Section 8.4(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
8.6    REPAYMENT TO COMPANY    

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

SECTION
8.7    REINSTATEMENT    

        If
the Trustee or Paying Agent is unable to apply any United States legal tender or U.S. Government Obligations in accordance with Section 8.2 or 8.3 hereof, as the case may be,
by reason of any order directing the repayment of the deposited money to the Company or otherwise making the deposit unavailable to make payments under the Notes when due, or if any court enters an
order avoiding the deposit of money with the Trustee or Paying Agent or otherwise requires the payment of the money so deposited to the Company or to a fund for the benefit of its creditors, then (so
long as the insufficiency exists or the order remains in effect) the Company's and the Guarantors' obligations under this Indenture and the Notes shall be revived and reinstated as though no deposit
had occurred pursuant to Section 8.2 or 8.3 hereof until such time as the Trustee or Paying Agent is permitted to apply all such money in accordance with Section 8.2 or 8.3 hereof, as
the case may be; provided, however, that, if the Company makes any payment of principal of, premium, if any, Liquidated Damages, if any, or interest on
any Note following the reinstatement of its obligations, the Company 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 IX

AMENDMENT, SUPPLEMENT AND WAIVER  

SECTION
9.1    WITHOUT CONSENT OF HOLDERS OF NOTES    

        Notwithstanding
Section 9.2 hereof, the Company, the Guarantors and the Trustee may amend or supplement this Indenture, the Notes or any Guarantee, without the consent of any
Holder of a Note: 

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

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

        (c)  to
provide for the assumption of the Company's obligations to the Holders of the Notes in the case of a merger or consolidation pursuant to Article V hereof; 

        (d)  to
provide for additional Guarantors as set forth in Section 4.16 hereof or for the release or assumption of a Guarantee in compliance with this Indenture; 

        (e)  to
make any change that would provide any additional rights or benefits to the Holders of the Notes or that does not adversely affect the rights hereunder of any Holder
of the Note; 

          (f)  to
comply with the provisions of the Depositary, Euroclear or Clearstream or the Trustee with respect to the provisions of this Indenture or the Notes relating to
transfers and exchanges of Notes or beneficial interests therein; 

        (g)  to
comply with requirements of the SEC in order to effect or maintain the qualification of this Indenture under the TIA; or 

        (h)  to
provide for the issuance of additional Notes in accordance with the limitations set forth in this Indenture as of the date hereof. 

        Upon
the request of the Company accompanied by a resolution of its Board of Directors authorizing the execution of any such amended or supplemental Indenture, and upon receipt by the
Trustee of the documents described in Section 9.6 hereof, the Trustee shall join with the Company 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 adversely affects its own rights, duties or immunities under this Indenture or otherwise. 

SECTION
9.2    WITH CONSENT OF HOLDERS OF NOTES    

        Except
as expressly stated otherwise in this Section 9.2, and subject to Section 6.7 hereof, the Company, the Guarantors and the Trustee may amend or supplement this
Indenture, the Notes and the Guarantees, with the consent of the Holders of a majority in aggregate principal amount of the Notes then outstanding (including, without limitation, consents obtained in
connection with a purchase of, or tender offer or exchange offer for, the Notes), and, subject to Sections 6.4 and 6.7 hereof, any existing Default or Event of Default (other than a Default or
Event of Default in the payment of the principal of, premium, if any, or interest on the Notes, except a payment default resulting from an acceleration that has been rescinded) or compliance with any
provision of this Indenture or the Notes may be waived with the consent of the Holders of a majority in aggregate principal amount of the then outstanding Notes (including consents obtained in
connection with a purchase of, or tender offer or exchange offer for, the Notes). 

        Subject
to Sections 6.4 and 6.7 hereof, the Holders of a majority in aggregate principal amount of the Notes then outstanding may waive compliance in a particular instance by the
Company or any Subsidiary with any provision of this Indenture or the Notes. 

        However,
without the consent of each Holder affected (it being understood that, except as expressly stated otherwise in paragraphs (a) through (c) below,
Section 4.13 and 4.14 hereof may be

 
amended, waived or modified in accordance with the first paragraph of this Section 9.2) an amendment or waiver may not (with respect to any Notes held by a non-consenting Holder): 

        (a)  change
the Stated Maturity on any Note, or reduce the principal amount thereof or the rate (or extend the time for payment) of interest thereon or any premium payable
upon the redemption thereof at the Company's option, or change the coin or currency in which, any Note or any premium or the interest thereon is payable, or impair the right to institute suit for the
enforcement of any such payment on or after the Stated Maturity thereof (or, in the case of redemption at the Company's option, on or after the Redemption Date), or alter the provisions (including the
defined terms used therein) regarding the Company's right to redeem the Notes at the Company's option in a manner adverse to the Holders, or after an Asset Sale or Change of Control has occurred
reduce the Change of Control Purchase Price or the Asset Sale Offer Price with respect to the corresponding Asset Sale or Change of Control, or 

        (b)  reduce
the percentage in principal amount of the outstanding Notes, the consent of whose Holders is required for any such amendment, supplemental indenture or waiver
provided for in this Indenture, or 

        (c)  modify
any of the waiver provisions, except to increase any required percentage or to provide that certain other provisions of this Indenture cannot be modified or
waived without the consent of the Holder of each outstanding Note affected thereby. 

        In
connection with any amendment, supplement or waiver under this Article IX, the Company may, but shall not be obligated to, offer to any Holder who consents to such amendment,
supplement or waiver, or to all Holders, consideration for such Holder's consent to such amendment, supplement or waiver. 

        Upon
the request of the Company accompanied by a resolution of its 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 described in Section 9.6 hereof, the
Trustee shall join with the Company in the execution of such amended or supplemental Indenture unless such amended or supplemental Indenture adversely 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 9.2 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 9.2 becomes effective, the Company shall mail to the Holders of Notes affected thereby a notice briefly describing the
amendment, supplement or waiver. Any failure of the Company 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. 

SECTION
9.3    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 TIA as then in effect. 

SECTION
9.4    REVOCATION AND EFFECT OF CONSENTS    

        Until
an amendment, supplement or waiver becomes effective (as determined by the Company and which may be prior to any such amendment, supplement or waiver becoming operative), 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 Indebtedness 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 (as determined by the Company), which may be prior to any such amendment, supplement or waiver becoming
operative. 

        The
Company 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, which record date
shall be the date so fixed by the Company notwithstanding the provisions of the TIA. If a record date is fixed, then notwithstanding the last sentence of the immediately preceding paragraph, those
Persons who were Holders at such record date, and only those Persons (or their duly designated proxies), shall be entitled to revoke any consent previously given, whether or not such Persons continue
to be Holders after such record date. 

        After
an amendment, supplement or waiver becomes effective, it shall bind every Holder unless it makes a change described in any of clauses (a) through (c) of
Section 9.2 hereof, in which case, the amendment, supplement or waiver shall bind only each Holder of a Note who has consented to it and every subsequent Holder of a Note or portion of a Note
that evidences the same debt as the consenting Holder's Note; provided, that any such waiver shall not impair or affect the right of any Holder to
receive payment of principal and premium of and interest (and Liquidated Damages, if any) on a Note, on or after the respective dates set for such amounts to become due and payable expressed in such
Note, or to bring suit for the enforcement of any such payment on or after such respective dates. 

SECTION
9.5    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 Company in exchange for all Notes may issue and the
Trustee shall 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
9.6    TRUSTEE TO SIGN AMENDMENTS, ETC.    

        The
Trustee shall sign any amended or supplemental Indenture authorized pursuant to this Article IX if the amendment or supplement does not adversely affect the rights, duties,
liabilities or immunities of the Trustee. The Company may not sign an amended or supplemental Indenture until the Board of Directors approves it. In executing any amended or supplemental Indenture,
the Trustee shall be entitled to receive indemnity reasonably satisfactory to it and to receive and (subject to Section 7.1 hereof) shall be fully protected in relying upon, an Officers'
Certificate and an Opinion of Counsel stating that the execution of such amended or supplemental Indenture is authorized or permitted by this Indenture. 

ARTICLE X

GUARANTEES  

SECTION
10.1    GUARANTEES    

        By
its execution hereof, each of the Guarantors acknowledges and agrees that it receives substantial benefits from the Company and that such party is providing its Guarantee for good and
valuable consideration, including, without limitation, such substantial benefits and services. Accordingly, subject to the provisions of this Article X, each Guarantor, jointly and severally,
hereby unconditionally guarantees on an unsecured senior subordinated basis to each Holder of a Note authenticated and delivered by the Trustee and its successors and assigns that: (i) the
principal of, premium, if any, and interest (and Liquidated Damages, if any) on the Notes shall be duly and punctually paid in full when due, whether at maturity, by acceleration, call for redemption,
upon a Change of Control Offer, upon an Asset Sale Offer or otherwise, and interest on overdue principal, premium, if any, Liquidated Damages, if any, and (to the extent permitted by law) interest on
any interest, if any, on the Notes and all other payment Obligations of the Company to the Holders or the Trustee hereunder or under the

 
Notes (including fees, expenses or other) shall be promptly paid in full, all in accordance with the terms hereof; and (ii) in case of any extension of time of payment or renewal of any Notes
or any of such other Obligations, the 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,
call for redemption, upon a Change of Control, upon an Asset Sale Offer or otherwise, subject, however, in the case of clauses (i) and (ii) above, to the limitations set forth in
Section 10.5 hereof (collectively, the "Guarantee Obligations"). 

        Subject
to the provisions of this Article X, each Guarantor hereby agrees that its Guarantee 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 thereof, the entry of any judgment
against the Company, 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
and relinquishes: (a) any right to require the Trustee, the Holders or the Company (each, a "Benefited Party") to proceed against the Company, the Subsidiaries or any other Person or to proceed
against or exhaust any security held by a Benefitted Party at any time or to pursue any other remedy in any secured party's power before proceeding against the Guarantors; (b) any defense that
may arise by reason of the incapacity, lack of authority, death or disability of any other Person or Persons or the failure of a Benefitted Party to file or enforce a claim against the estate (in
administration, bankruptcy or any other proceeding) of any other Person or Persons; (c) demand, protest and notice of any kind (except as expressly required by this Indenture), including but
not limited to notice of the existence, creation or incurring of any new or additional Indebtedness or obligation or of any action or non-action on the part of the Guarantors, the Company,
the Subsidiaries, any Benefitted Party, any creditor of the Guarantors, the Company or the Subsidiaries or on the part of any other Person whomsoever in connection with any Obligations the performance
of which are hereby guaranteed; (d) any defense based upon an election of remedies by a Benefitted Party, including but not limited to an election to proceed against the Guarantors for reimbursement;
(e) any defense based upon any statute or rule of law which provides that the obligation of a surety must be neither larger in amount nor in other respects more burdensome than that of the
principal; (f) any defense arising because of a Benefitted Party's election, in any proceeding instituted under the Bankruptcy Law, of the application of Section 1111(b)(2) of the
Bankruptcy Code; and (g) any defense based on any borrowing or grant of a security interest under Section 364 of the Bankruptcy Code. The Guarantors hereby covenant that, except as
otherwise provided therein, the Guarantees shall
not be discharged except by payment in full of all Guarantee Obligations, including the principal, premium, if any, and interest on the Notes and all other costs provided for under this Indenture. 

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

SECTION
10.2    EXECUTION AND DELIVERY OF GUARANTEES    

        To
evidence its Guarantee set forth in Section 10.1 hereof, each of the Guarantors agrees that a notation of its Guarantee substantially in the form included in Exhibit A
hereto shall be endorsed on

 
each Note authenticated and delivered by the Trustee and that this Indenture shall be executed on behalf of such Guarantor by an Officer of such Guarantor. 

        Each
of the Guarantors agree that its Guarantee set forth in this Article X shall remain in full force and effect and apply to all the Notes notwithstanding any failure to endorse
on each Note a notation of its Guarantee. 

        If
an Officer whose facsimile signature is on a Note or a notation of Guarantee no longer holds that office at the time the Trustee authenticates the Note on which the Guarantee is
endorsed, 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 Guarantees set forth in this Indenture on behalf of the
Guarantors. 

SECTION
10.3    GUARANTORS MAY CONSOLIDATE, ETC., ON CERTAIN TERMS    

        (a)  Subject
to Article V, nothing contained in this Indenture or in the Notes shall prevent any consolidation or merger of any Guarantor with or into each other or
with or into the Company. Upon any such consolidation or merger, the Guarantee of the Guarantor that does not survive the consolidation or merger shall no longer be of any force or effect. 

        (b)  Except
for a merger or consolidation in which a Guarantor is sold and its Guarantee is released in compliance with the provisions of Section 10.4 hereof or as
permitted by Section 10.3(a), no Guarantor shall consolidate or merge with or into (whether or not such Guarantor is the surviving Person) another Person unless, (i) subject to the
provisions of the following paragraph and the other provisions of this Indenture, the Person formed by or surviving any such consolidation or merger (if other than such Guarantor) assumes all the
obligations of such Guarantor pursuant to a supplemental indenture, and (ii) immediately before and immediately after giving effect to such transaction on a pro forma basis, no Default or Event
of Default shall have occurred or be continuing. In case of any such consolidation or merger and upon the assumption by the successor corporation, by supplemental indenture, executed and delivered to
the Trustee and reasonably satisfactory in form to the Trustee, of the Guarantees endorsed upon the Notes and the due and punctual performance of all of the covenants and conditions of this Indenture
to be performed by such Guarantor, such successor corporation shall succeed to and be substituted for such Guarantor with the same effect as if it had been named herein as a Guarantor. Such successor
corporation thereupon may cause to be signed any or all of the Guarantees to be endorsed upon all of the Notes issuable hereunder which theretofore shall not have been signed by the Company and
delivered to the Trustee. All the Guarantees so issued shall in all respects have the same legal rank and benefit under this Indenture as the Guarantees theretofore and thereafter issued in accordance
with the terms of this Indenture as though all of such Guarantees had been issued at the date of the execution hereof. 

        (c)  The
Trustee, subject to the provisions of Section 12.4 hereof, shall be entitled to receive an Officers' Certificate as conclusive evidence that any such
consolidation or merger, and any such assumption of Guarantee Obligations, comply with the provisions of this Section 10.3. Such Officers' Certificate shall comply with the provisions of
Section 12.5 hereof. 

SECTION
10.4    RELEASE OF GUARANTORS    

        Notwithstanding
Section 10.3(b) hereof, upon the sale or disposition (including by merger or stock purchase) of a Guarantor (as an entirety) to an entity which is not and is not
required to become a Guarantor, or the designation of a Subsidiary which is a Guarantor to become an Unrestricted Subsidiary, which transaction is otherwise in compliance with this Indenture
(including, without limitation, the provisions of Section 4.13 hereof), such Guarantor shall be deemed released from its obligations under its Guarantee of the Notes;  provided, however, that any
such termination shall occur only to the extent that all obligations of such Guarantor under all of its guarantees of, and
under all of its pledges of assets or other security interests which secure, any of the Company's Indebtedness or any Indebtedness of any of the Company's other Subsidiaries shall also terminate upon
such release, sale or

 
transfer and none of its Equity Interests are pledged for the benefit of any holder of any of the Company's Indebtedness or any Indebtedness of any of the Company's Subsidiaries. 

        Upon
delivery by the Company to the Trustee of an Officer's Certificate, to the effect that such sale or other disposition or that such designation was made by the Company in accordance
with the provisions of this Indenture, the Trustee shall execute any documents reasonably required in order to evidence the release of any such Guarantor from its obligations under its Guarantee.
Except as provided in Section 10.3(a) hereof, any Guarantor not released from its obligations under its Guarantee shall remain liable for the full amount of principal of and interest on the
Notes and for the other obligations of any Guarantor under this Indenture as provided in this Article X. 

        Notwithstanding
the foregoing provisions of this Article X, (i) any Guarantor whose Guarantee would otherwise be released pursuant to the provisions of this
Section 10.4 may elect, at its sole discretion, by written notice to the Trustee, to maintain such Guarantee in effect notwithstanding the event or events that otherwise would cause the release
of such Guarantee (which election to maintain such Guarantee in effect may be conditional or for a limited period of time), and (ii) any Subsidiary of the Company which is not a Guarantor may
elect, at its sole discretion, by written notice to the Trustee, to become a Guarantor (which election may be conditional or for a limited period of time). 

SECTION
10.5    LIMITATION OF GUARANTOR'S LIABILITY; CERTAIN BANKRUPTCY EVENTS    

        (a)  Each
Guarantor, and by its acceptance hereof each Holder, hereby confirms that it is the intention of all such parties that the Guarantee Obligation of such Guarantor
pursuant to its Guarantee not constitute a fraudulent transfer or conveyance for purposes of any Bankruptcy Law, the Uniform Fraudulent Conveyance Act, the Uniform Fraudulent Transfer Act or any
similar federal or state law. To effectuate the foregoing intention, the Holders and such Guarantor hereby irrevocably agree that the Guarantee Obligations of such Guarantor under this
Article X shall be limited to the maximum amount as shall, after giving effect to all other contingent and fixed liabilities of such Guarantor and after giving effect to any collections from or
payments made by or on behalf of any other Guarantor in respect of the Guarantee Obligations of such other Guarantor under this Article X, result in the Guarantee Obligations of such Guarantor
under the Guarantee of such Guarantor not constituting a fraudulent transfer or conveyance. 

        (b)  Each
Guarantor hereby covenants and agrees, to the fullest extent that it may do so under applicable law, that in the event of the insolvency, bankruptcy, dissolution,
liquidation or reorganization of the Company, such Guarantor shall not file (or join in any filing of), or otherwise seek to participate in the filing of, any motion or request seeking to stay or to
prohibit (even temporarily) execution on the Guarantee and hereby waives and agrees, to the fullest extent that it may do so under applicable law, not to take the benefit of any such stay of
execution, whether under Section 362 or 105 of the Bankruptcy Law or otherwise. 

SECTION
10.6    APPLICATION OF CERTAIN TERMS AND PROVISIONS TO THE GUARANTORS    

        (a)  For
purposes of any provision of this Indenture which provides for the delivery by any Guarantor of an Officers' Certificate and/or an Opinion of Counsel, the
definitions of such terms in Section 1.1 hereof shall apply to such Guarantor as if references therein to the Company were references to such Guarantor. 

        (b)  Any
request, direction, order or demand which by any provision of this Indenture is to be made by any Guarantor, shall be sufficient if evidenced as described in
Section 12.2 hereof as if references therein to the Company were references to such Guarantor. 

        (c)  Any
notice or communication which by any provision of this Indenture is required or permitted to be given or served by the Trustee or by the holders of Notes to or on
any Guarantor may be given or served as described in Section 12.2 hereof as if references therein to the Company were references to such Guarantor. 

   
        (d)  Upon any demand, request or application by any Guarantor to the Trustee to take any action under this Indenture, such Guarantor shall furnish to the Trustee such
certificates and opinions as are required in Section 12.4 hereof as if all references therein to the Company were references to such Guarantor. 

SECTION
10.7    SUBORDINATION OF GUARANTEES    

        The
obligations of each Guarantor under its Guarantee pursuant to this Article X is subordinated in right of payment to the prior payment in full in cash of all Senior
Indebtedness of such Guarantor on the same basis as the Notes are subordinated to Senior Indebtedness of the Company. For the purposes of the foregoing sentence, the Trustee and the Holders shall have
the right to receive and/or retain payments by any of the Guarantors only at such times as they may receive and/or retain payments in respect of Notes pursuant to this Indenture, including as set
forth in Article XI hereof. In the event that the Trustee or the Holders receive any payment from a Guarantor at a time when such payment is prohibited by the foregoing sentence, such payment
shall be held in trust for the benefit of, and immediately paid over and delivered to, the holders of the Senior Indebtedness of such Guarantor remaining unpaid, to the extent necessary to pay in full
in cash all such Senior Indebtedness. 

ARTICLE XI

SUBORDINATION  

SECTION
11.1    NOTES SUBORDINATED TO SENIOR INDEBTEDNESS    

        The
Company and the Guarantors, and each Holder by its acceptance of Notes, agree that (a) the payment of the principal of, premium, if any, and interest (and Liquidated Damages,
if any) on the Notes and (b) any other payment in respect of the Notes, including on account of the acquisition or redemption of the Notes by the Company and the Guarantors (including, without
limitation, pursuant to Sections 4.13 and 4.14) is subordinated, to the extent and in the manner provided in this Article XI, to the prior payment in full in cash of all Senior
Indebtedness of the Company and that these subordination provisions are for the benefit of the holders of Senior Indebtedness. 

        This
Article XI shall constitute a continuing offer to all Persons who, in reliance upon such provisions, become holders of, or continue to hold, Senior Indebtedness, and such
provisions are made for the benefit of the holders of Senior Indebtedness and such holders are made obligees hereunder and any one or more of them may enforce such provisions. 

SECTION
11.2    NO PAYMENT ON NOTES IN CERTAIN CIRCUMSTANCES    

        (a)  No
payment (by set-off or otherwise) on account of any Obligation in respect of the Notes, including the principal of, premium, if any, or interest (or
Liquidated Damages, if any) on the Notes, or on account of the redemption provisions of the Notes (including any repurchases of Notes), for cash or property (other than Junior Securities):
(i) upon the maturity of any Senior Indebtedness in respect of which the Company or such Guarantor is an obligor or guarantor, as applicable, whether by lapse of time, acceleration (unless
waived) or otherwise, unless and until all principal of, premium, if any, and the interest and other amounts on such Senior Indebtedness are first paid in full in cash and, in the case of Senior
Indebtedness under the Credit Agreement, all letters of credit issued under the Credit Agreement shall either have been terminated or cash collateralized in accordance with the terms thereof; or
(ii) in the event of default in the payment of any principal of, premium, if any, or interest or other amounts on Senior Indebtedness in respect of which the Company or such Guarantor is an
obligor or guarantor, as applicable, when such Senior Indebtedness becomes due and payable, whether at maturity or at a date fixed for prepayment or by declaration or otherwise (a "Payment Default"),
unless and until such Payment Default has been cured or waived or otherwise has ceased to exist or such Senior Indebtedness has been paid in full in cash.

 

        (b)  Upon
(i) the happening of an event of default other than a Payment Default that permits the holders of Senior Indebtedness to declare such Senior Indebtedness to
be due and payable and (ii) written notice of such event of default delivered to the Company and the Trustee by the representative under the Credit Agreement or the holders of an aggregate of
at least $25,000,000 principal amount outstanding of any other Senior Indebtedness or their representative (a "Payment Blockage Notice"), then, unless and until such event of default has been cured or
waived or otherwise has ceased to exist, no payment (by set-off or otherwise) may be made by or on behalf of the Company or any Guarantor, in each case, which is an obligor or guarantor
under such Senior Indebtedness, on account of any Obligation in respect of the Notes, including the principal of, premium, if any, or interest (or Liquidated Damages,) on the Notes (including any
repurchases of any of the Notes), or on account of the redemption provisions of the Notes, in any such case, other than payments made with Junior Securities. Notwithstanding the foregoing, unless the
Senior Indebtedness in respect of which such event of default exists has been declared due and payable in its entirety within 179 days after the Payment Blockage Notice is delivered as set
forth above (the "Payment Blockage Period") (and such declaration has not been rescinded or waived), at the end of the Payment Blockage Period, the Company and the Guarantors shall be required to pay
all sums not previously paid to the Holders of the Notes during the Payment Blockage Period due to the foregoing prohibition s and to resume all other payments as and when due on the Notes. 

        Any
number of Payment Block age Notices may be given; provided, however, that: (i) not more than one Payment Blockage Notice shall
be given within a period of any 360 consecutive days; and (ii) no non-Payment Default that existed upon the date of such Payment Blockage Notice or the commencement of such Payment
Blockage Period shall be made the basis for the commencement of any other Payment Blockage Period unless such default shall have been cured or waived for a period of not less than 90 days (for
purposes of this provision, any subsequent action, or any subsequent breach of any financial covenant for a period commencing after the expiration of such Payment Blockage Period that, in either case,
would give rise to a new event of default, even though it is an event that would also have been a separate breach pursuant to any provision under which a prior event of default previously existed,
shall constitute a new event of default for this purpose). 

        (c)  In
furtherance of the provisions of Section 11.1, in the event that, notwithstanding the foregoing provisions of this Section 11.2 or Section 11.3,
any payment or distribution of assets of the Company or any Guarantor (other than Junior Securities) shall be received by the Trustee or the Holders at a time when such payment or distribution is
prohibited by the foregoing provisions of this Section 11.2, such payment or distribution shall be held in trust for the benefit of the holders of such Senior Indebtedness, and shall be
immediately paid or delivered by the Trustee or such Holders, as the case may be, to the holders of such Senior Indebtedness remaining unpaid or to their representative or representatives, or to the
trustee or trustees under any indenture pursuant to which any instruments evidencing any of such Senior Indebtedness may have been issued, ratably according to the aggregate principal amounts
remaining unpaid on account of such Senior Indebtedness held or represented by each, for application to the payment of all such Senior Indebtedness remaining unpaid, to the extent necessary to pay all
such Senior Indebtedness in full in cash after giving effect to any concurrent payment or distribution to the holders of such Senior Indebtedness. 

SECTION
11.3    NOTES SUBORDINATED TO PRIOR PAYMENT OF ALL SENIOR INDEBTEDNESS ON DISSOLUTION, LIQUIDATION OR REORGANIZATION    

        Upon
any distribution of assets of the Company or any Guarantor upon any dissolution, winding up, total or partial liquidation or reorganization of the Company or a Guarantor, whether
voluntary or

  
involuntary, in bankruptcy, insolvency, receivership or a similar proceeding or upon assignment for the benefit of creditors or any marshaling of assets or liabilities: 

        (a)  the
holders of all Senior Indebtedness of the Company or such Guarantor, as applicable, will first be entitled to receive payment in full in cash and all letters of
credit issued under the Credit Agreement will either have been terminated or cash collateralized in accordance with the terms thereof before the Holders are entitled to receive any payment (other than
in the form of Junior Securities) on account of any Obligation in respect of the Notes, including the principal of, premium, if any, and interest (or Liquidated Damages) on the Notes; and 

        (b)  any
payment or distribution of assets of the Company or such Guarantor of any kind or character from any source, whether in cash, property or securities (other than
Junior Securities) to which the Holders or the Trustee on behalf of the Holders would be entitled (by set-off or otherwise), except for the subordination provisions contained in this
Indenture, will be immediately paid by the liquidating trustee or agent or other Person making such a payment or distribution directly to the holders of such Senior Indebtedness or their
representative to the extent necessary to make payment in full in cash on all such Senior Indebtedness remaining unpaid, after giving effect to any concurrent payment or distribution to the holders of
such Senior Indebtedness. 

SECTION
11.4    HOLDERS TO BE SUBROGATED TO RIGHTS OF HOLDERS OF SENIOR INDEBTEDNESS    

        Subject
to the payment in full in cash of all Senior Indebtedness of the Company or any Guarantor as provided herein, the Holders of Notes shall be subrogated to the rights of the
holders of such Senior Indebtedness to receive payments or distributions of assets of the Company applicable to the Senior Indebtedness until all amounts owing on the Notes shall be paid in full, and
for the purpose of such subrogation no such payments or distributions to the holders of such Senior Indebtedness by or on behalf of the Company or any Guarantor, or by or on behalf of the Holders by
virtue of this Article XI, which otherwise would have been made to the Holders shall, as between the Company or any Guarantor and the Holders, be deemed to be payment by the Company or any
Guarantor or on account of such Senior Indebtedness, it being understood that the provisions of this Article XI are and are intended solely for the purpose of defining the relative rights of
the Holders, on the one hand, and the holders of such Senior Indebtedness, on the other hand. 

SECTION
11.5    RELATIVE RIGHTS    

        This
Article XI defines the relative rights of Holders and holders of Senior Indebtedness. Nothing in this Indenture shall: (1) impair, as between the Company and Holders,
the obligation of the Company, which is absolute and unconditional, to pay principal of and interest on the Notes in accordance with their terms; (2) affect the relative rights of Holders and
creditors of the Company other than their rights in relation to holders of Senior Indebtedness; or (3) prevent the Trustee or any Holder from exercising its available remedies upon a Default or
Event of Default, subject to the rights of holders and owners of Senior Indebtedness to receive distributions and payments otherwise payable to Holders. 

SECTION
11.6    TRUSTEE ENTITLED TO ASSUME PAYMENTS NOT PROHIBITED IN ABSENCE OF NOTICE.    

        The
Trustee shall not at any time be charged with knowledge of the existence of any facts which would prohibit the making of any payment to or by the Trustee unless and until a Trust
Officer of the Trustee or any Paying Agent shall have received, no later than three Business Days prior to such payment written notice thereof from the Company or from one or more holders of Senior
Indebtedness or from any representative therefor and, prior to the receipt of any such written notice, the Trustee, subject to
the provisions of Sections 7.1 and 7.2, shall be entitled in all respects conclusively to assume that no such fact exists.

 

        Notwithstanding
anything to the contrary in this Article XI or elsewhere in this Indenture or in the Notes, upon any distribution of assets of the Company and the Guarantors
referred to in this Article XI, the Trustee, subject to the provisions of Sections 7.1 and 7.2, and the Holders shall be entitled to rely upon any order or decree made by any court of competent
jurisdiction in which such dissolution, winding up, liquidation or reorganization proceedings are pending, or a certificate of the liquidating trustee or agent or other Person making any distribution
to the Trustee or to the Holders for the purpose of ascertaining the Persons entitled to participate in such distribution, the holders of the Senior Indebtedness and other Indebtedness of the Company
or any Guarantor, the amount thereof or payable thereon, the amount or amounts paid or distributed thereon and all other facts pertinent thereto or to this Article XI so long as such court has
been apprised of the provisions of, or the order, decree or certificate makes reference to, the provisions of this Article XI. 

SECTION
11.7    APPLICATION BY TRUSTEE OF ASSETS DEPOSITED WITH IT    

        Amounts
deposited in trust with the Trustee pursuant to and in accordance with Article VIII shall be for the sole benefit of Holders and, to the extent the making of such deposit
by the Company shall (i) not be in contravention of any term or provision of the Credit Agreement and (ii) be allocated for the payment of the Notes, shall not be subject to the
subordination provisions of this Article XI. Otherwise, any deposit of assets with the Trustee or the Agent (whether or not in trust) for the payment of principal of or interest on any Notes
shall be subject to the provisions of Sections 11.1, 11.2, 11.3 an d 11.4; provided, that, if prior to one Business Day preceding the date on
which by the terms of this Indenture any such assets may become distributable for any purpose (including without limitation, the payment of either principal of or interest on any Note) the Trustee or
such Paying Agent shall not have received with respect to such assets the written notice provided for in Section 11.6, then the Trustee or such Paying Agent shall have full power and authority
to receive such assets and to apply the same to the purpose for which they were received, and shall not be affected by any notice to the contrary which may be received by it on or after such date. 

SECTION
11.8    SUBORDINATION RIGHTS NOT IMPAIRED BY ACTS OR OMISSIONS OF THE COMPANY, THE GUARANTORS OR HOLDERS OF SENIOR
INDEBTEDNESS    

        No
right of any present or future holders of any Senior Indebtedness to enforce the subordination provisions contained in this Article XI shall at any time in any way be
prejudiced or impaired by any act or failure to act on the part of the Company or any Guarantor or by any act or failure to act, in good faith, by any such holder, or by any noncompliance by the
Company or any Guarantor with the terms of this Indenture, regardless of any knowledge thereof which any such holder may have or be otherwise charged with. The holders of Senior Indebtedness may
extend, renew, modify or amend the terms of
the Senior Indebtedness or any security therefor and release, sell or exchange such security and otherwise deal freely with the Company and the Guarantors, all without affecting the liabilities and
obligations of the parties to this Indenture or the Holders. The subordination provisions contained in this Indenture are for the benefit of the holders from time to time of Senior Indebtedness and
may not be rescinded, cancelled, amended or modified in any way other than any amendment or modification that is consented to by each holder of Senior Indebtedness that would be adversely affected
thereby. The subordination provisions hereof shall continue to be effective or be reinstated, as the case may be, if at any time any payment of any of the Senior Indebtedness is rescinded or must
otherwise be returned by any holder of the Senior Indebtedness upon the insolvency, bankruptcy, or reorganization of the Company, any Guarantor, or otherwise, all as though such payment has not been
made. 

SECTION
11.9    HOLDERS AUTHORIZE TRUSTEE TO EFFECTUATE SUBORDINATION OF NOTES. 

        Each
Holder of the Notes by his acceptance thereof authorizes and expressly directs the Trustee on his behalf to take such action as may be necessary or appropriate to effectuate the
subordination provisions contained in this Article XI and to protect the rights of the Holders pursuant to this

  
Indenture, and appoints the Trustee his attorney-in-fact for such purpose, including, in the event of any dissolution, winding up, liquidation or reorganization of the Company
or any Guarantor (whether in bankruptcy, insolvency or receivership proceedings or upon an assignment for the benefit of creditors or any other marshalling of assets and liabilities of the Company or
any Guarantor), the immediate filing of a claim for the unpaid balance of his Notes in the form required in said proceedings and cause said claim to be approved. In the event of any liquidation or
reorganization of the Company or any Guarantor in bankruptcy, insolvency, receivership or similar proceeding, if the Holders of the Notes (or the Trustee on their behalf) have not filed any claim,
proof of claim, or other instrument of similar character necessary to enforce the obligations of the Company or any Guarantor in respect of the Notes at least thirty (30) days before the
expiration of the time to file the same, then in such event, but only in such event, the holders of the Senior Indebtedness or a representative on their behalf may, as an
attorney-in-fact for such Holders, file any claim, proof of claim, or other instrument of similar character on behalf of such Holders. Nothing herein contained shall be deemed
to authorize the Trustee or the holders of Senior Indebtedness or their representative 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 thereof, or to authorize the Trustee or the holders of Senior Indebtedness or their representative to vote in respect of the
claim of any Holder in any such proceeding. 

SECTION
11.10    RIGHT OF TRUSTEE TO HOLD SENIOR INDEBTEDNESS    

        The
Trustee shall be entitled to all of the rights set forth in this Article XI in respect of any Senior Indebtedness at any time held by it to the same extent as any other holder
of Senior Indebtedness, and nothing in this Indenture shall be construed to deprive the Trustee of any of its rights as such holder. 

        Nothing
in this Article shall apply to claims of, or payments to, the Trustee under or pursuant to Section 7.7. 

SECTION
11.11    ARTICLE XI NOT TO PREVENT EVENTS OF DEFAULT    

        The
failure to make a payment on account of principal of, premium, if any, or interest (or Liquidated Damages, if any) on the Notes by reason of any provision of this Article XI
shall not be construed as preventing the occurrence of a Default or an Event of Default under Section 6.1 or in any way limit the rights of the Trustee or any Holder to pursue any other rights
or remedies with respect to the Notes. 

SECTION
11.12    NO FIDUCIARY DUTY OF TRUSTEE TO HOLDERS OF SENIOR INDEBTEDNESS    

        The
Trustee shall not be deemed to owe any fiduciary duty to the holders of Senior Indebtedness, and shall not be liable to any such holders if it shall in good faith mistakenly pay over
or distribute to the Holders of Notes or the Company, any Guarantor or any other Person, cash, property or securities to which any holders of Senior Indebtedness shall be entitled by virtue of this
Article XI or otherwise. With respect to the holders of Senior Indebtedness, the Trustee undertakes to perform or to observe only such of its covenants or obligations as are specifically set
forth in this Article and no implied covenants or obligations with respect to holders of Senior Indebtedness shall be read into this Indenture against the Trustee. Nothing in this Section 11.12
shall affect the obligation of any other such Person to hold such payment for the benefit of, and to pay such payment over to, the holders of Senior Indebtedness or their representative. In the event
of any conflict between the fiduciary duty of the Trustee to the Holders of Notes and to the holders of Senior Indebtedness, the Trustee is expressly authorized to resolve such conflict in favor of
the Holders.

 

ARTICLE XII

MISCELLANEOUS  

SECTION
12.1    TRUST INDENTURE ACT CONTROLS    

        If
any provision of this Indenture limits, qualifies or conflicts with the duties imposed by the TIA, the imposed duties shall control. 

SECTION
12.2    NOTICES    

        Any
notice or communication by the Company or the Trustee to the other is duly given if in writing and delivered in Person or mailed by first class mail (registered or certified, return
receipt requested), telecopier or overnight air courier guaranteeing next day delivery, to the others' address:

	If to the Company

or the Guarantors:	 	 	 
	 	 	Regal Cinemas Corporation

7132 Mike Campbell Drive,

Knoxville, TN 37918
	 	 	Attention:	Amy Miles, CFO

Peter Brandow, General Counsel
	 	 	Facsimile:	(865) 922-6085
	

with copies (which

shall not constitute

notice) to:	
 	

 	

 
	 	 	Weil, Gotshal & Manges LLP

767 Fifth Avenue

New York, NY 10153
	 	 	Attention:	Todd R. Chandler, Esq.
	 	 	Facsimile:	(212) 310-8007
	

If to the Trustee:	
 	

 	

 
	 	 	U.S. Bank National Association

180 East Fifth Street

St. Paul, MN 55101
	 	 	Attention: Corporate Trust Services

        The
Company 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: (i) at the time delivered by hand, if personally delivered;
(ii) the third Business Day after sent by mail; (iii) when receipt acknowledged, if telecopied; and (iv) the next Business Day after timely delivery to the courier, if sent by
overnight air courier guaranteeing next day delivery. 

        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 TIA § 313(c), to the extent
required by the TIA. Failure to mail a notice or communication to a Holder or any defect in it shall not affect its sufficiency with respect to other Holders. 

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

 

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

SECTION
12.3    COMMUNICATION BY HOLDERS OF NOTES WITH OTHER HOLDERS OF NOTES    

        Holders
may communicate pursuant to TIA § 312(b) with other Holders with respect to their rights under this Indenture or the Notes. The Company, the Trustee,
the Registrar and anyone else shall have the protection of TIA § 312(c). 

SECTION
12.4    CERTIFICATE AND OPINION AS TO CONDITIONS PRECEDENT    

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

        (a)  an
Officers' Certificate in form and substance reasonably satisfactory to the Trustee (which shall include the statements set forth in Section 12.5 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 12.5 hereof) stating
that, in the opinion of such counsel, all such conditions precedent and covenants have been satisfied. 

SECTION
12.5    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
TIA § 314(a)(4)) shall comply with the provisions of TIA § 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; 

        (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 satisfied; and 

        (d)  a
statement as to whether or not, in the opinion of such Person, such condition or covenant has been satisfied; provided,
however, that with respect to matters of fact, an Opinion of Counsel may rely on an Officers' Certificate or certificate of public officials. 

SECTION
12.6    RULES BY TRUSTEE AND AGENTS    

        The
Trustee may make reasonable rules for action by or at a meeting of Holders. The Registrar or Paying Agent may make reasonable rules and set reasonable requirements for its functions. 

SECTION
12.7    NO PERSONAL LIABILITY OF DIRECTORS, OFFICERS, EMPLOYEES AND STOCKHOLDERS    

        No
past, present or future director, officer, employee, incorporator or stockholder (direct or indirect) of the Company or the Guarantors (or any such successor entity), as such, shall
have any liability for any Obligations of the Company 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, except in their capacity as an obligor or Guarantor of the Notes in accordance with this Indenture. Each Holder by accepting a Note waives and releases all such liability. The waiver
and release are part of the consideration for issuance of the Notes.

 

SECTION
12.8    GOVERNING LAW    

        THE
INTERNAL LAW OF THE STATE OF NEW YORK SHALL GOVERN AND BE USED TO CONSTRUE THIS INDENTURE, THE NOTES AND THE GUARANTEES, INCLUDING, WITHOUT LIMITATION,
SECTIONS 5-1401 AND 5-1402 OF THE NEW YORK GENERAL OBLIGATIONS LAW AND NEW YORK CIVIL PRACTICE LAWS AND RULES 327(b). 

SECTION
12.9    NO ADVERSE INTERPRETATION OF OTHER AGREEMENTS    

        This
Indenture may not be used to interpret any other indenture, loan or debt agreement of the Company or its Subsidiaries or of any other Person. Any such indenture, loan or debt
agreement may not be used to interpret this Indenture. 

SECTION
12.10    SUCCESSORS    

        All
agreements of the Company and the Guarantors in this Indenture and the Notes shall bind their successors. All agreements of the Trustee in this Indenture shall bind its successors. 

SECTION
12.11    SEVERABILITY    

        In
case any one or more of the provisions of this Indenture or in the Notes or in the Guarantees shall be held invalid, illegal or unenforceable, in any respect for any reason, the
validity, legality and enforceability of any such provision in every other respect and of the remaining provisions shall not in
any way be affected or impaired thereby, it being intended that all of the provisions hereof shall be enforceable to the full extent permitted by law. 

SECTION
12.12    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
12.13    TABLE OF CONTENTS, HEADINGS, ETC.    

        The
Table of Contents 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. 

[Signatures on following page] 

 

SIGNATURES  

        IN
WITNESS WHEREOF, the parties hereto have executed this Indenture as of the date first written above. 

	 	 	THE COMPANY:
	 	 	REGAL CINEMAS CORPORATION
	

 	
 	

By:	

/s/  PETER BRANDOW      
 Name: Peter Brandow

Title: Secretary
	

 	
 	
THE GUARANTORS:
	 	 	REGAL CINEMAS, INC.
	

 	
 	

By:	

/s/  PETER BRANDOW      
 Name: Peter Brandow

Title: Secretary
	

 	
 	

REGAL CINEMAS HOLDINGS, INC.
	

 	
 	

By:	

/s/  PETER BRANDOW      
 Name: Peter Brandow

Title: Secretary
	

 	
 	

REGAL CINEMAS GROUP, INC.
	

 	
 	

By:	

/s/  PETER BRANDOW      
 Name: Peter Brandow

Title: Secretary
	

 	
 	

R.C. COBB, INC,
	

 	
 	

By:	

/s/  PETER BRANDOW      
 Name: Peter Brandow

Title: Secretary
	

 	
 	

COBB FINANCE CORP.
	

 	
 	

By:	

/s/  PETER BRANDOW      
 Name: Peter Brandow

Title: Secretary

 

	

 	
 	

REGAL INVESTMENT COMPANY
	

 	
 	

By:	

/s/  PETER BRANDOW      
 Name: Peter Brandow

Title: Secretary
	

 	
 	

ACT III CINEMAS, INC.
	

 	
 	

By:	

/s/  PETER BRANDOW      
 Name: Peter Brandow

Title: Secretary
	

 	
 	

ACT III THEATRES, INC.
	

 	
 	

By:	

/s/  PETER BRANDOW      
 Name: Peter Brandow

Title: Secretary
	

 	
 	

ACT III INNER LOOP THEATRES, INC.
	

 	
 	

By:	

/s/  PETER BRANDOW      
 Name: Peter Brandow

Title: Secretary
	

 	
 	

A 3 THEATRES OF TEXAS, INC.
	

 	
 	

By:	

/s/  PETER BRANDOW      
 Name: Peter Brandow

Title: Secretary
	

 	
 	

A 3 THEATRES OF SAN ANTONIO, INC.
	

 	
 	

By:	

A 3 Theatres of Texas, Inc., its General Partner
	

 	
 	

By:	

/s/  PETER BRANDOW      
 Name: Peter Brandow

Title: Secretary

 

	

 	
 	

GENERAL AMERICAN THEATRES, INC.
	

 	
 	

By:	

/s/  PETER BRANDOW      
 Name: Peter Brandow

Title: Secretary
	

 	
 	

BROADWAY CINEMAS, INC.
	

 	
 	

By:	

/s/  PETER BRANDOW      
 Name: Peter Brandow

Title: Secretary
	

 	
 	

TEMT ALASKA, INC.
	

 	
 	

By:	

/s/  PETER BRANDOW      
 Name: Peter Brandow

Title: Secretary
	

 	
 	

J.R. CINEMAS, INC.
	

 	
 	

By:	

/s/  PETER BRANDOW      
 Name: Peter Brandow

Title: Secretary
	

 	
 	

EASTGATE THEATRE, INC.
	

 	
 	

By:	

/s/  PETER BRANDOW      
 Name: Peter Brandow

Title: Secretary
	

 	
 	
THE TRUSTEE:
	 	 	U.S. BANK NATIONAL ASSOCIATION
	

 	
 	

By:	

/s/  AUTHORIZED SIGNATORY      
 Name:

Title:

EXHIBIT A

[FORM OF NOTE]

Regal Cinemas Corporation

93/8% [SERIES A] [SERIES B](1) SENIOR SUBORDINATED NOTE

DUE 2012  

	(1)
	Series A
should be replaced with Series B in the Exchange Notes. 

	 	 	 	 	 	 	CUSIP:	 	 
	 	 	 	 	 	 	 	 	

	No.	 	 	 	 	 	$	 	 
	 	 	
	 	 	 	 	 	 

        Regal
Cinemas Corporation, a Delaware corporation (herein after called the "Company" which term includes any successors under the Indenture hereinafter referred to), for value received,
hereby promises to pay to                        , or registered assigns, the principal sum
of                        Dollars, on February 1, 2012. 

        Interest
Payment Dates: February 1 and August 1, commencing August 1, 2002. 

        Record
Dates: January 15 and July 15. 

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

        IN
WITNESS WHEREOF, the Company has caused this instrument to be duly executed. 

	 	 	REGAL CINEMAS CORPORATION

a Delaware corporation
	

 	
 	

By:	
 	

 
	 	 	 	 	
 Name:

Title:
	

 	
 	

By:	
 	

 
	 	 	 	 	
 Name:

Title:

TRUSTEE'S CERTIFICATE OF AUTHENTICATION  

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

	 	 	U.S. BANK NATIONAL ASSOCIATION
	

 	
 	

By:	
 	

 
	 	 	 	 	
 Authorized Signatory

	Dated:	 	 	 	 
	 	 	
	 	 

(Back of Note)

93/8% [Series A] [Series B](2) Senior Subordinated Notes due 2012  

        
[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 2.6 OF THE INDENTURE,
(II) THIS GLOBAL NOTE MAY BE EXCHANGED IN WHOLE BUT NOT IN PART PURSUANT TO SECTION 2.6(a) OF THE INDENTURE, (III) THIS GLOBAL NOTE MAY BE DELIVERED TO THE TRUSTEE FOR
CANCELLATION PURSUANT TO 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
COMPANY.](3) 

	(2)
	Series A
should be replaced with Series B in the Exchange Notes. 

	(3)
	To
be included only on Global Notes deposited with the Depositary. 

        [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 COMPANY OR
ITS 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 HERE IN.](4) 

	(4)
	To
be included only on Global Notes deposited with the Depositary. 

        [THE
RIGHTS ATTACHING TO THIS REGULATION S TEMPORARY GLOBAL NOTE AND THE CONDITIONS AND PROCEDURES GOVERNING ITS EXCHANGE FOR DEFINITIVE NOTES, ARE AS SPECIFIED IN THE
INDENTURE (AS DEFINED HEREIN). NEITHER THE HOLDER NOR THE BENEFICIAL OWNERS OF THIS REGULATION S TEMPORARY GLOBAL NOTE SHALL BE ENTITLED TO RECEIVE CASH PAYMENTS OF INTEREST DURING THE PERIOD
WHICH SUCH HOLDER HOLDS THIS NOTE. NOTHING IN THIS LEGEND SHALL BE DEEMED TO PREVENT INTEREST FROM ACCRUING ON THIS NOTE.](5) 

	(5)
	To
be included only on Reg S Temporary Global Notes in accordance with Section 2.6(g)(iii) of the Indenture. 

        [THIS
NOTE (OR ITS PREDECESSOR) WAS ORIGINALLY ISSUED IN A TRANSACTION EXEMPT FROM REGISTRATION UNDER THE UNITED STATES SECURITIES ACT OF 1933 (THE "SECURITIES ACT"), AND
THIS NOTE MAY NOT BE OFFERED, SOLD OR OTHERWISE TRANSFERRED IN THE ABSENCE OF SUCH REGISTRATION OR AN APPLICABLE EXEMPTION THEREFROM. EACH PURCHASER OF THIS NOTE IS HEREBY NOTIFIED THAT THE SELLER OF
THIS NOTE MAY BE RELYING ON THE EXEMPTION

 
FROM THE PROVISIONS OF SECTION 5 OF THE SECURITIES ACT PROVIDED BY RULE 144A THEREUNDER. 

        THE
HOLDER OF THIS NOTE AGREES FOR THE BENEFIT OF THE COMPANY THAT (A) THIS NOTE MAY BE OFFERED, RESOLD, PLEDGED OR OTHERWISE TRANSFERRED, ONLY (I) TO THE COMPANY,
(II) IN THE UNITED STATES TO A PERSON WHOM THE SELLER REASONABLY BELIEVES IS A QUALIFIED INSTITUTIONAL BUYER (AS DEFINED IN RULE 144A UNDER THE SECURITIES ACT) IN A TRANSACTION MEETING
THE REQUIREMENTS OF RULE 144 A, (III) OUTSIDE THE UNITED STATES IN AN OFFSHORE
TRANSACTION IN ACCORDANCE WITH RULE 904 UNDER THE SECURITIES ACT, (IV) PURSUANT TO AN EXEMPTION FROM REGISTRATION UNDER THE SECURITIES ACT, INCLUDING THE EXEMPTION PROVIDED BY RULE 144
THEREUNDER (IF AVAILABLE) OR (V) PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT, IN EACH OF CASES (I) THROUGH (V) IN ACCORDANCE WITH ANY APPLICABLE
SECURITIES LAWS OF ANY STATE OF THE UNITED STATES, AND (B) THE HOLDER WILL, AND EACH SUBSEQUENT HOLDER IS REQUIRED TO, NOTIFY ANY PURCHASER OF THIS NOTE FROM IT OF THE RESALE RESTRICTIONS
REFERRED TO IN (A) ABOVE.](6) 

	(6)
	To
be included only on Transfer Restricted Notes. 

        Capitalized
terms used herein shall have the meanings assigned to them in the Indenture (as defined below) unless otherwise indicated. 

        1.    Interest.    the Company promises to pay interest on the principal amount of this Note at 93/8%
per annum from the Issue Date until maturity and shall pay the Liquidated Damages, if any, payable pursuant to Section 6 of the Registration Rights Agreement referred to below. The Company
shall pay interest (and Liquidated Damages, if any) semi-annually on February 1 and August 1 of each year, or if any such day is not a Business Day, on the next succeeding
Business Day (each an "Interest Payment Date"). The first Interest Payment Date shall be August 1, 2002. Interest on the Notes shall accrue from the most recent date to which interest has been
paid or, if no interest has been paid, from the Issue Date; provided that if there is no existing Default in the payment of interest, and if this Note
is authenticated between a Record Date (defined below) referred to on the face hereof and the next succeeding Interest Payment Date, interest shall accrue from such next succeeding Interest Payment
Date. The Company shall pay interest (including Accrued Bankruptcy Interest in any proceeding under any Bankruptcy Law) on overdue principal and premium, if any, from time to time on demand at the
rate then in effect; it shall pay interest (including Accrued Bankruptcy Interest in any proceeding under any Bankruptcy Law) on overdue installments of interest (and Liquidated Damages, if any)
(without regard to any applicable grace periods) from time to time on demand at the same rate to the extent lawful. Interest shall be computed on the basis of a 360-day year of twelve
30-day months. 

        2.    Method of Payment.    The Company shall pay interest on the Notes (except defaulted interest) (and Liquidated
Damages, if any) to the Persons who are registered Holders of Notes at the close of business on the January 15 or July 15 next preceding the Interest Payment Date (each a "Record Date"),
even if such Notes are cancelled after such Record Date and on or before such Interest Payment Date, except as provided in Section 2.12 of the Indenture with respect to defaulted interest. The
Notes shall be payable as to principal, interest, premium, if any, (and Liquidated Damages, if any) at the office or agency of the Company maintained within the City and State of New York for such
purpose, or, at the option of the Company, payment of interest (and Liquidated Damages, if any) may be made by check mailed to the Holders at their addresses set forth in the register of Holders, and  provided that payment by wire transfer of immediately available funds to an account within the United States shall be required with respect to principal
of and interest, premium, if any (and Liquidated Damages, if any), on all
Global Notes. Such payment shall be in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts. 

        3.    Paying Agent and Registrar.    Initially, U.S. Bank National Association, the Trustee under the Indenture, shall
act as Paying Agent and Registrar. The Company may change any Paying Agent or

 
Registrar without notice to any Holder. The Company or any of its Subsidiaries may act in any such capacity. 

        4.    Indenture.    The Company issued the Notes under an Indenture dated as of the Issue Date ("Indenture") by and
among the Company, the Guarantors party thereto and the Trustee. The terms of the Notes include those stated in the Indenture and those made part of the Indenture by reference to the Trust Indenture
Act of 1939, as amended (15 U.S. Code §§77aaa -77bbbb). The Notes are subject to all such terms, and Holders are referred to the Indenture and such Act for a
statement of such terms. 

        5.    Optional Redemption.    

        (a)  Except
as set forth in clause (b) of this Section and clause (b) of Section 3.7 of the Indenture, the Company shall not have the option to redeem
the Notes pursuant to this Section or Section 3.7 of the Indenture prior to February 1, 2007. The Notes shall be redeemable for cash at the option of the Company, in whole or in part, at
any time on or after February 1, 2007, upon not less than 30 days nor more than 60 days prior notice mailed by first class mail to each Holder at its last registered address, at
the following redemption prices (expressed as percentages of the principal amount) if redeemed during the 12-month period commencing February 1 of the years indicated below, in each
case (subject to the right of Holders of record on a Record Date to receive the corresponding interest due (and the corresponding Liquidated Damages, if any) on the corresponding Interest Payment Date
that is on or prior to such redemption date) together with accrued and unpaid interest (and Liquidated Damages, if any) thereon to the date of redemption of the Notes (the "Redemption Date"): 

	Year
 
	 	Percentage
	 
	2007	 	104.688	%
	

2008	
 	

103.125	
%
	

2009	
 	

101.563	
%
	

2100 and thereafter	
 	

100.000	
%

        (b)  Notwithstanding
the provisions of clause (a) of this Section or clause (a) of Section 3.7 of the Indenture, at any time on or prior to
February 1, 2005, upon one or more Public Equity Offerings, up to 35% of the aggregate principal amount of the Notes issued pursuant to the Indenture (only as necessary to avoid any
duplication, excluding any replacement Notes) may be redeemed at the Company's option within 90 days of the closing of any such Public Equity Offering, on not less than 30 days, but not
more than 60 days, notice to each Holder of the Notes to be redeemed, with cash received by the Company from the Net Cash Proceeds of such Public Equity Offering, at a redemption price equal to
109.375% of principal, together with accrued and unpaid interest (and Liquidated Damages, if any) thereon to the Redemption Date; provided, however,
that immediately following each such redemption not less than 65% of the aggregate principal amount of the Notes originally issued pursuant to the Indenture on the Issue Date remain outstanding (only
as necessary to avoid any duplication, excluding any replacement Notes). 

        (c)  Notice
of redemption shall be mailed by first class mail at least 30 days but not more than 60 days before the redemption date to each Holder whose Notes
are to be redeemed at its registered address. Notes in denominations larger than $1,000 may be redeemed in part but only in integral multiples of $1,000, unless all of the Notes held by a Holder are
to be redeemed. On and after the redemption date interest (and Liquidated Damages, if any) ceases to accrue on Notes or portions thereof called for redemption unless the Company defaults in such
payments due on the redemption date. 

        6.    Mandatory Redemption.    The Company shall not, and the Guarantors shall not, be required to make mandatory
redemption payments with respect to the Notes. The Notes shall not have the benefit of any sinking fund.

        7.    Offers to Purchase.    

        (a)  Change of Control. In the event that a Change of Control has occurred, each Holder of Notes shall have the right, at such
Holder's option, pursuant to an offer (subject only to conditions required by applicable law, if any) by the Company (the "Change of Control Offer"), to require the Company to repurchase all or any
part of such Holder's Notes (provided, that the principal amount of such Notes must be $1,000 or an integral multiple thereof) on a date (the "Change of
Control Purchase Date") that is no later than 90 days after the occurrence of such Change of Control, at a cash price equal to 101% of the principal amount thereof, together with accrued and
unpaid interest (and Liquidated Damages, if any), to the Change of Control Purchase Date. 

        The
Change of Control Offer shall be made within 30 days following a Change of Control and shall remain open for at least 20 Business Days following its commencement (the "Change
of Control Offer Period"). Upon expiration of the Change of Control Offer Period, the Company shall promptly purchase all Notes properly tendered in response to the Change of Control Offer. 

	(b)
	Asset Sale. If the Company or its Subsidiaries consummates an Asset Sale, within 30 days after the date that the amount of
Excess Proceeds exceeds $10,000,000, the Company shall apply an amount equal to the Excess Proceeds (rounded to the nearest $1,00 0) (the "Asset Sale Offer Amount") by making an offer to
repurchase the Notes and such other pari passu Indebtedness with similar provisions requiring the Company to make an offer to purchase such Indebtedness
with the proceeds from such Asset Sale pursuant to a cash offer (subject only to conditions required by applicable law, if any, pro rata in proportion
to the respective principal amounts (or accreted values in the case of Indebtedness issued with an original issue discount) of the Notes and such other Indebtedness then outstanding (the "Asset Sale
Offer"). The Company will offer to purchase the Notes in the Asset Sale Offer at a purchase price of 100% of the principal amount of the Notes, together with accrued and unpaid interest (and
Liquidated Damages, if any) to the date of payment). Each Asset Sale Offer shall remain open for a minimum of 20 Business Days and not more than 60 days following its commencement (the "Asset
Sale Offer Period"). 

        8.    Denominations, Transfer, Exchange.    The Notes are in registered form without coupons in denominations of
$1,000 and integral multiples of $1,000. The transfer of Notes may be registered and Notes may be exchanged as provided in the Indenture. The Registrar and the Trustee may require a Holder, among
other things, to furnish appropriate endorsements and transfer documents and the Company may require a Holder to pay any taxes and fees required by law or permitted by the Indenture. The Company need
not exchange or register the transfer of any Note or portion of a Note selected for redemption, except for the unredeemed portion of any Note being redeemed in part. Also, it need not exchange or
register the transfer of any Notes for a period of 15 days before a selection of Notes to be redeemed or during the period between a Record Date and the next succeeding Interest Payment Date. 

        9.    Persons Deemed Owners.    The registered Holder of a Note may be treated as its owner for all purposes. 

        10.    Amendment, Supplement and Waiver.    Subject to certain exceptions, the Indenture, the Notes or the Guarantees
may be amended or supplemented with the consent of the Holders of a majority in principal amount of the Notes then outstanding (including, without limitation, consents obtained in connection with a
purchase of, or tender offer or exchange offer for, the Notes), and, subject to Sections 6.4 and 6.7 of the Indenture, any existing Default or Event of Defaults (other than a Default or Event of
Default in the payment of the principal of, premium, if any, or interest on the Notes, except a payment default resulting from an acceleration that has been rescinded) or compliance with any provision
of the Indenture, the Notes or the Guarantees may be waived with the consent of the Holders of a majority in principal amount of the then outstanding Notes (including consents obtained in connection
with a purchase of, or tender offer or exchange offer for, the Notes). Without the consent of any Holder of a Note, the Indenture, the Notes or the Guarantees may be amended or supplemented to cure
any ambiguity, defect or inconsistency, to provide for uncertificated Notes in

 
addition to or in place of certificated Notes, to provide for the assumption of the Company's obligations to Holders of the Notes in case of a merger or consolidation, to provide for additional
Guarantees as set forth in the Indenture or for the release or assumption of Guarantees in compliance with the Indenture, to make any change that would provide any additional rights or benefits to the
Holders of the Notes or that does not adversely affect the rights under the Indenture of any such Holder, to comply with the provisions of the Depositary, Euroclear or Clearstream or the Trustee with
respect to the provisions of the Indenture or the Notes relating to transfers and exchanges of Notes or beneficial interests therein, to comply with the requirements of the SEC in order to effect or
maintain the qualification of the Indenture under the TIA or to provide for the issuance of additional Notes in accordance with the limitations set forth in the Indenture. 

        11.    Defaults and Remedies.    The Indenture provides that each of the following constitutes an Event of Default: 

        (1)  the
Company's failure to pay any installment of interest (or Liquidated Damages, if any) on the Notes as and when the same becomes due and payable and the continuance of
any such failure for 30 days; 

        (2)  the
Company's failure to pay all or any part of the principal, or premium, if any, on the Notes when and as the same becomes due and payable at maturity, redemption, by
acceleration or otherwise, including, without limitation, payment of the Change of Control Purchase Price or the Asset Sale Offer Price, on Notes validly tendered and not properly withdrawn pursuant
to a Change of Control Offer or Asset Sale Offer, as applicable; 

        (3)  the
Company's failure or the failure by any of the Company's Subsidiaries to observe or perform any other covenant or agreement contained in the Notes or the Indenture
and, except for the provisions under Article V of the Indenture, the continuance of such failure for a period of 30 days after written notice is given to the Company by the Trustee or to
the Company and the Trustee by the Holders of at least 25% in aggregate principal amount of the Notes outstanding; 

        (4)  a
court having jurisdiction in the premises enters a decree or order for (a) relief in respect of the Company or any Significant Subsidiary in an involuntary case
under any applicable Bankruptcy Law now or hereafter in effect, (b) appointment of a receiver, liquidator, assignee, custodian, trustee, sequestrator or similar official of the Company or any
Significant Subsidiary or for all or substantially all of the property and assets of the Company or any Significant Subsidiary or (c) the winding up or liquidation of the affairs of the Company
or any Significant Subsidiary and, in each case, such decree or order shall remain unstated and in effect for a period of 60 consecutive days; 

        (5)  the
Company or any Significant Subsidiary (a) commences a voluntary case under any applicable Bankruptcy Law now or hereafter in effect, or consents to the entry
of an order for relief in an involuntary case under any such law, (b) consents to the appointment of or taking possession by a receiver, liquidator, assignee, custodian, trustee, sequestrator
or similar official of the Company or any Significant Subsidiary or for all or substantially all of the property and assets of the Company or any Significant Subsidiary or (c) effects any
general assignment for the benefit of creditors; 

        (6)  a
default in the Company's Indebtedness or the Indebtedness any of the Company's Subsidiaries with an aggregate amount outstanding in excess of $10,000,000
(a) resulting from the failure to pay principal at maturity or (b) as a result of which the maturity of such Indebtedness has been accelerated prior to its stated maturity; 

        (7)  final
unsatisfied judgments not covered by insurance aggregating in excess of $10,000,000, at any one time rendered against the Company or any of the Company's
Subsidiaries and not stayed, bonded or discharged within 60 days; and 

        (8)  any
Guarantee of a Guarantor that is a Significant Subsidiary ceases to be in full force and effect or becomes unenforceable or invalid or is declared null and void
(other than in

 
accordance with the terms of the Guarantee and this Indenture) or any Guarantor denies or disaffirms its Obligations under its Guarantee. 

        If
a Default or Event of Default occurs and is continuing and if it is known to the Trustee, the Trustee shall mail to Holders of Notes a notice in the manner and to the extent provided
by Section 313(c) of the TIA of the Default or Event of Default within 90 days after it occurs. 

        12.    Subordination.    The Notes and the Guarantees are subordinated in right of payment, to the extent and in the
manner provided in Section 10.7 and Article XI of the Indenture, to the prior payment in full in cash of all Senior Indebtedness. The Company and the Guarantors agree, and each Holder by
accepting a Note consents and agrees, to the subordination provided in the Indenture and authorizes the Trustee to give it effect. 

        13.    Trustee Dealings with Company.    The Trustee, in its individual or any other capacity, may become the owner of
pledgee of Notes and may otherwise deal with the Company or any Affiliate of the Company with the same rights it would have if it were not Trustee. 

        14.    No Recourse Against Others.    No past, present or future director, officer, employee, incorporator or
stockholder (direct or indirect) of the Company or the Guarantors (or any such successor entity), as such, shall have any liability for any Obligations of the Company or the Guarantors under the
Notes, the Guarantees or the Indenture or for any claim based on, in respect of, or by reason of, such Obligations or their creation, except in their capacity as an obligor or Guarantor of the Notes
in accordance with the Indenture. Each Holder by accepting a Note waives and releases all such liability. The waiver and release are part of the consideration for issuance of the Notes. 

        15.    Authentication.    This Note shall not be valid until authenticated by the manual signature of the Trustee or
an authenticating agent. 

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

        17.    Additional Rights of Holders of Transfer Restricted Notes.(7)    In addition to the rights provided to Holders
of Notes under the Indenture, Holders of Transfer Restricted Notes shall have all the rights set forth in the Registration Rights Agreement dated as of the date of the Indenture, among the

 
Company, the Guarantors parties thereto and the Initial Purchaser (the "Registration Rights Agreement"). 

	(7)
	To
be included only on Transfer Restricted Notes. 

        18.    CUSIP Numbers.    Pursuant to a recommendation promulgated by the Committee on Uniform Security Identification
Procedures, the Company has caused CUSIP and/or ISIN numbers to be printed on the Notes and the Trustee shall use CUSIP and/or ISIN numbers in notices of redemption as a convenience to Holders. No
representation is made as to the accuracy of such numbers either as printed on the
Notes or as contained in any notice of redemption and reliance may be placed only on the other identification numbers placed thereon, and any such redemption shall not be affected by any defect in or
omission of such numbers. 

        19.    Governing Law.    THE INDENTURE, THE NOTES AND THE GUARANTEES SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE
WITH THE LAWS OF THE STATE OF NEW YORK, INCLUDING, WITHOUT LIMITATION, SECTIONS 5-1401 AND 5-1402 OF THE NEW YORK GENERAL OBLIGATIONS LAW AND NEW YORK CIVIL LAWS AND
RULES 327(b). 

        The
Company shall furnish to any Holder upon written request and without charge a copy of the Indenture [and/or the Registration Rights Agreement](8). Requests
may be made to: 

	(8)
	To
be included only on Transfer Restricted Notes. 

	 	 	Regal Cinemas Corporation

7132 Mike Campbell Drive,

Knoxville, TN 37918

Attention: General Counsel

(865) 922-6085

	 	 

Assignment Form  

To
assign this Note, fill in the form below: (I) or (We) assign and transfer this Note to 

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

	

	

	

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

and irrevocably appoint	

	to transfer this Note on the books of the Company. The agent may substitute another to act for him.
	

	Date:	 	 	 	 
	 	
	 	 	 
	 	 	 	Your Signature:	 
	 	 	 	 	

	 	 	 	(Sign exactly as your name appears on the face of this Note)
	Signature Guarantee*	 	 	 
	

*NOTICE:
The Signature must be guaranteed by an Institution which is a member of one of the following recognized signature Guarantee Programs: (i) The Securities Transfer Agent Medallion
Program (STAMP); (ii) The New York Stock Exchange Medallion Program (MNSP); (iii) The Stock Exchange Medallion Program (SEMP); or (iv) in such other guarantee program acceptable
to the Trustee. 

Option of Holder to Elect Purchase  

        If you want to elect to have this Note purchased by the Company pursuant to Section 4.13 or Section 4.14 of the Indenture, check the box below: 

	o	Section 4.13	 	o	Section 4.14

        If you want to elect to have only part of the Note purchased by the Company pursuant to Section 4.13 or Section 4.14 of the Indenture, state the
amount you elect to have purchased (in denominations of $1,000 only, except if you have elected to have all of your Notes purchased):
$                  

	Date:	 	 	Your Signature:	 
	 	
	 	 	

	 	 	 	(Sign exactly as your name appears on the Note)

	 	 	Social Security or Tax Identification No.:	 
	 	 	 	

	Signature Guarantee*	 	 	 
	

*NOTICE: The Signature must be guaranteed by an Institution which is a member of one of the following recognized signature Guarantee Programs: (i) The Securities
Transfer Agent Medallion Program (STAMP); (ii) The New York Stock Exchange Medallion Program (MNSP); (iii) The Stock Exchange Medallion Program (SEMP); or (iv) in such other
guarantee program acceptable to the Trustee. 

SCHEDULE OF EXCHANGES OF INTERESTS IN THE GLOBAL NOTE(9)  

        The following exchanges of an interest in this Global Note for an interest in another Global Notes or for a Definitive Note, or exchanges of an interest in
another Global Note or Definitive Note for an interest in this Global Note, have been made: 

	Date of Exchange
 
	 	Amount of

Decrease in

Principal Amount of

this Global Note
	 	Amount of

Increase in

Principal Amount of

this Global Note
	 	Principal Amount of

this Global Note

Following Such Decrease (or Increase)
	 	Signature of

Authorized Officer of

Trustee or Note

Custodian

	

	
 	

 	
 	

 	
 	

 	
 	

 
	

	
 	

 	
 	

 	
 	

 	
 	

 
	

	
 	

 	
 	

 	
 	

 	
 	

 

	(9)
	This
should be included only if the Note is issued in global form. 

GUARANTEE  

        The Guarantors listed below (hereinafter referred to as the "Guarantors," which term includes any successors or assigns under the Indenture, dated
January 29, 2002, among the Guarantors party thereto, the Company (as defined below) and U.S. Bank National Association, as trustee, (the "Indenture") and any additional Guarantors), have
irrevocably and unconditionally guaranteed on an unsecured senior subordinated basis the Guarantee Obligations (as defined in Section 10.1 of the Indenture), which include (i) the due
and punctual payment of the principal of, premium, if any, and interest (and Liquidated Damages, if any) on the 93/8% Senior Subordinated Notes due 2012 (the "Notes") of Regal Cinemas
Corporation, a Delaware corporation (the "Company"), whether at maturity, by acceleration, call for redemption, upon a Change of Control Offer, upon an Asset Sale Offer or otherwise, and the prompt
payment of interest on the overdue principal and premium, if any, and (to the extent permitted by law) interest on any interest on the Notes, and all other payment Obligations of the Company, to the
Holders or the Trustee all in accordance with the terms set forth in Article X of the Indenture, and (ii) in case of any extension of time of payment or renewal of any Notes or any such
other Obligations, the prompt payment in full of such Notes or other Obligations when due in accordance with the terms of the extension or renewal, whether at stated maturity, by acceleration, call
for redemption, upon a
Change of Control Offer, upon an Asset Sale Offer, or otherwise, subject in the case of clauses (i) and (ii) above, to the limitations set forth in Section 10.5 of the Indenture. 

        The
obligations of each Guarantor to the Holders and to the Trustee pursuant to this Guarantee and the Indenture are expressly set forth in Article X of the Indenture and
reference is hereby made to such Indenture for the precise terms of this Guarantee. 

        The
obligations of each Guarantor to the Holders and to the Trustee pursuant to this Guarantee and the Indenture are expressly subordinated to Senior Indebtedness of the Guarantor as set
forth in Section 10.7 of the Indenture and reference is hereby made to such Section for the precise terms of such subordination. 

        No
past, present or future director, officer, employee, incorporator or stockholder (direct or indirect) of the Guarantors (or any such successor entity), as such, shall have any
liability for any obligations of the Guarantors under this Guarantee or the Indenture or for any claim based on, in respect of, or by reason of, such obligations or their creation, except in their
capacity as an obligor or Guarantor of the Notes in accordance with the Indenture. 

        This
is a continuing Guarantee and shall remain in full force and effect and shall be binding upon each Guarantor and its successors and assigns until full and final payment of all of
the Company's obligations under the Notes and Indenture or until released or legally defeased in accordance with the Indenture and shall inure to the benefit of the successors and assigns of the
Trustee and the Holders, and, in the event of any transfer or assignment of rights by any Holder or the Trustee, the rights and privileges herein conferred upon that party shall automatically extend
to and be vested in such transferee or assignee, all subject to the terms and conditions hereof. This is a Guarantee of payment and performance and not of collectibility. 

        This
Guarantee shall not be valid or obligatory for any purpose until the certificate of authentication on the Note upon which this Guarantee is noted shall have been executed by the
Trustee under the Indenture by the manual signature of one of its authorized officers. 

        The
obligations of each Guarantor under this Guarantee shall be limited to the extent necessary to insure that it does not constitute a fraudulent conveyance under applicable law. 

        THE
TERMS OF ARTICLE X AND XI OF THE INDENTURE ARE INCORPORATED HEREIN BY REFERENCE. 

        Capitalized
terms used herein have the same meanings given in the Indenture unless otherwise indicated. 

        IN
WITNESS WHEREOF, each of the Guarantors has caused this instrument to be duly executed. 

	Dated: January 29, 2002	 	 	 
	 	 	REGAL CINEMAS, INC.
	

 	
 	

By:	

    

	 	 	 	Name:

Title:
	

 	
 	

REGAL CINEMAS HOLDINGS, INC.
	

 	
 	

By:	

    

	 	 	 	Name:

Title:
	

 	
 	

REGAL CINEMAS GROUP, INC.
	

 	
 	

By:	

    

	 	 	 	Name:

Title:
	

 	
 	

R.C. COBB, INC,
	

 	
 	

By:	

    

	 	 	 	Name:

Title:
	

 	
 	

COBB FINANCE CORP.
	

 	
 	

By:	

    

	 	 	 	Name:

Title:
	

 	
 	

REGAL INVESTMENT COMPANY
	

 	
 	

By:	

    

	 	 	 	Name:

Title:

	

 	
 	

ACT III CINEMAS, INC.
	

 	
 	

By:	

    

	 	 	 	Name:

Title:
	

 	
 	

ACT III THEATRES, INC.
	

 	
 	

By:	

	 	 	 	Name:

Title:
	

 	
 	

ACT III INNER LOOP THEATRES, INC.
	

 	
 	

By:	

    

	 	 	 	Name:

Title:
	

 	
 	

A 3 THEATRES OF TEXAS, INC.
	

 	
 	

By:	

    

	 	 	 	Name:

Title:
	

 	
 	

A 3 THEATRES OF SAN ANTONIO, INC.
	

 	
 	

By:	

A 3 Theatres of Texas, Inc.,

its General Partner
	

 	
 	

By:	

    

	 	 	 	Name:

Title:
	

 	
 	

GENERAL AMERICAN THEATRES, INC.
	

 	
 	

By:	

    

	 	 	 	Name:

Title:

	

 	
 	

BROADWAY CINEMAS, INC.
	

 	
 	

By:	

    

	 	 	 	Name:

Title:
	

 	
 	

TEMT ALASKA, INC.
	

 	
 	

By:	

    

	 	 	 	Name:

Title:
	

 	
 	

J.R. CINEMAS, INC.
	

 	
 	

By:	

    

	 	 	 	Name:

Title:
	

 	
 	

EASTGATE THEATRE, INC.
	

 	
 	

By:	

    

	 	 	 	Name:

Title:

EXHIBIT B

FORM OF CERTIFICATE OF TRANSFER  

Regal
Cinemas Corporation

7132 Mike Campbell Drive,

Knoxville, TN 37918 

U.S.
Bank National Association

180 East Fifth Street

St. Paul, MN 55101

Attention: Corporate Trust Services 

        Re:
93/8% Senior Subordinated Notes due 2012 

Dear
Sirs: 

        Reference
is hereby made to the Indenture, dated as of January 29, 2002 (the "Indenture"), among Regal Cinemas Corporation, as issuer (the "Company"), the Guarantors party thereto
and U.S. Bank National Association, as trustee. Capitalized terms used but not defined herein shall have the meanings given to them in
the Indenture.                                      
          , (the
"Transferor") owns and proposes to transfer the Note[s] or interest in such Note[s] specified in Annex A hereto, in the principal amount of
$            in such Note[s] or interests (the "Transfer"),
to                                         
       (the "Transferee"), as further specified in Annex A hereto. In connection with the Transfer,
the Transferor hereby certifies that: 

[CHECK
ALL THAT APPLY] 

1.    o    Check if Transferee will take delivery of a beneficial interest in the 144A Global Note or a
Definitive Note Pursuant to Rule 144A. The Transfer is being effected pursuant to and in accordance with Rule 144A under the United States Securities Act of 1933,
as amended (the "Securities Act"), and, accordingly, the Transferor hereby further certifies that the beneficial interest or Definitive Note is being transferred to a Person that the Transferor
reasonably believed and believes is purchasing the beneficial interest or Definitive Note for its own account, or for one or more accounts with respect to which such Person exercises sole investment
discretion, and such Person and each such account is a "qualified institutional buyer" within the meaning of Rule 144A in a
transaction meeting the requirements of Rule 144A and such Transfer is in compliance with any applicable blue sky securities laws of any State of the United States. Upon consummation of the
proposed Transfer in accordance with the terms of the Indenture, the transferred beneficial interest or Definitive Note shall be subject to the restrictions on transfer enumerated in the Private
Placement Legend printed on the 144A Global Note and/or the Definitive Note and in the Indenture and the Securities Act. 

2.    o    Check if Transferee will take delivery of a beneficial interest in the Regulation S Global
Note or a Definitive Note pursuant to Regulation S. The Transfer is being effected pursuant to and in accordance with Rule 903 or Rule 904 under the
Securities Act and, accordingly, the Transferor hereby further certifies that (i) the Transfer is not being made to a person in the United States and (x) at the time the buy order was
originated, the Transferee was outside the United States or such Transferor and any Person acting on its behalf reasonably believed and believes that the Transferee was outside the United States or
(y) the transaction was executed in, on or through the facilities of a designated offshore securities market and neither such Transferor nor any Person acting on its behalf knows that the
transaction was prearranged with a buyer in the United States, (ii) no directed selling efforts have been made in contravention of the requirements of Rule 903(b) or Rule 904(b)
of Regulation S under the Securities Act, (iii) the transaction is not part of a plan or scheme to evade the registration requirements of the Securities Act and (iv) if the
proposed transfer is being made prior to the expiration of the Distribution Compliance Period, the transfer is not being made to a U.S. Person or for the account or benefit of a U.S. Person (other
than an Initial Purchaser) and the interest transferred shall be held immediately thereafter through Euroclear or Clearstream. Upon consummation of the proposed transfer in accordance with the terms
of the Indenture, the transferred beneficial interest or Definitive Note shall be subject to the restrictions on Transfer enumerated in the

 
Private Placement Legend printed on the Regulation S Global Note and/or the Definitive Note and in the Indenture and the Securities Act. 

3.    o    Check and complete if Transferee will take delivery of a Definitive Note pursuant to any provision
of the Securities Act other than Rule 144A or Regulation S. The Transfer is being effected in compliance with the transfer restrictions applicable to beneficial
interests in Restricted Global Notes and Restricted Definitive Notes and pursuant to and in accordance with the Securities Act and any applicable blue sky securities laws of any State of the United
States, and accordingly the Transferor hereby further certifies that (check one): 

(a)    o    Such
Transfer is being effected pursuant to and in accordance with Rule 144 under the Securities Act; or 

(b)    o    Such
Transfer is being effected to the Company or a subsidiary thereof; or 

(c)    o    Such
Transfer is being effected pursuant to an effective registration statement under the Securities Act and in compliance
with the prospectus delivery requirements of the Securities Act; or 

(d)    o    such
Transfer is being effected to an Institutional Accredited Investor and pursuant to an exemption from the registration
requirements of the Securities Act other than Rule 144A, Rule 144 or Rule 904, and the Transferor hereby further certifies that it has not engaged in any general solicitation
within the meaning of Regulation D under the Securities Act and the Transfer complies with the transfer restrictions applicable to beneficial interests in a Restricted Global Note or Restricted
Definitive Notes and the requirements of the exemption claimed, which certification is supported by (1) a certificate executed by the Transferee in a form of Exhibit D to the
Indenture and (2) if such Transfer is in respect of a principal amount of Notes at the time of transfer of less than $250,000, an Opinion of Counsel provided by the Transferor or the Transferee
(a copy of which the Transferor has attached to this certification and provided to the Company, which has confirmed its acceptability), to the effect that such Transfer is in compliance with the
Securities Act and with any applicable blue sky securities laws of any state of the United States. Upon consummation of the proposed transfer in accordance with the terms of the Indenture, the
Definitive Note shall be subject to the restrictions on transfer enumerated in the Private Placement Legend printed on the Definitive Notes and in the Indenture and the Securities Act. 

4.    o    Check if Transferee will take delivery of a beneficial interest in an Unrestricted Global Note or
of an Unrestricted Definitive Note.

(a)    o    Check if Transfer is Pursuant to Rule 144. (i) The Transfer
is being effected pursuant to and in accordance with Rule 144 under the Securities Act and in compliance with the transfer restrictions contained in the Indenture and any applicable blue sky
securities laws of any State of the United States and (ii) the restrictions on transfer contained in the Indenture and the Private Placement Legend are not required in order to maintain
compliance with the Securities Act. Upon consummation of the proposed Transfer in accordance with the terms of the Indenture, the transferred beneficial interest or Definitive Note will no longer be
subject to the restrictions on transfer enumerated in the Private Placement Legend printed on the Restricted Global Notes, on Restricted Definitive Notes and in the Indenture and the Securities Act. 

(b)    o    Check if Transfer is Pursuant to Regulation S. (i) The
Transfer is being effected pursuant to and in accordance with Rule 903 or Rule 904 under the Securities Act and in compliance with the transfer restrictions contained in the Indenture
and any applicable blue sky securities laws of any State of the United States and (ii) the restrictions on transfer contained in the Indenture and the Private Placement Legend are not required
in order to maintain compliance with the Securities Act. Upon consummation of the proposed Transfer in accordance with the terms of the Indenture, the transferred beneficial interest or Definitive

 
Note will no longer be subject to the restrictions on transfer enumerated in the Private Placement Legend printed on the Restricted Global Notes, on Restricted Definitive Notes and in the Indenture
and the Securities Act. 

(c)    o    Check if Transfer is Pursuant to Other Exemption. (i) The Transfer
is being effected pursuant to and in compliance with an exemption from the registration requirements of the Securities Act other than Rule 144, Rule 903 or Rule 904 and in
compliance with the transfer restrictions contained in the Indenture and any applicable blue sky securities laws of any State of the United States and (ii) the restrictions on transfer
contained in the Indenture and the Private Placement Legend are not required in order to maintain compliance with the Securities Act. Upon consummation of the proposed Transfer in accordance with the
terms of the Indenture, the transferred beneficial interest or Definitive Note will not be subject to the restrictions on transfer enumerated in the Private Placement Legend printed on the Restricted
Global Notes or Restricted Definitive Notes and in the Indenture. 

This
certificate and the statements contained herein are made for your benefit and the benefit of the Company. 

	 	 	Dated:	 	 
	
	 	 	 	

	[Insert Name of Transferor]	 	 	 	 
	

By:	
 	

 	
 	

 	
 	

 
	 	 	
	 	 	 	 
	 	 	Name:

Title:	 	 	 	 

ANNEX A TO CERTIFICATE OF TRANSFER  

1.    The
Transferor owns and proposes to transfer the following: 

[CHECK
ONE OF (a) OR (b)] 

(a)    o    a
beneficial interest in the: 

 (i)    o    144A
Global Note (CUSIP            ), or 

(ii)    o    Regulation S
Global Note (CUSIP            ; or ISIN            ), or 

(b)    o    a
Restricted Definitive Note. 

2.    After
the Transfer the Transferee will hold: 

[CHECK
ONE] 

(a)    o    a
beneficial interest in the: 

  (i)    o    144A
Global Note (CUSIP            ), or 

 (ii)    o    Regulation S
Global Note (CUSIP            ; or ISIN            ), or 

(iii)    o    Unrestricted
Global Note (CUSIP            ); or 

(b)    o    a
Restricted Definitive Note; or 

(c)    o    an
Unrestricted Definitive Note, 

in
accordance with the terms of the Indenture.

EXHIBIT C

FORM OF CERTIFICATE OF EXCHANGE  

Regal
Cinemas Corporation

7132 Mike Campbell Drive,

Knoxville, TN 37918 

U.S.
Bank National Association

180 East Fifth Street

St. Paul, MN 55101

Attention: Corporate Trust Services 

        Re:
93/8% Senior Subordinated Notes due 2012 

Dear
Sirs: 

        Reference
is hereby made to the Indenture, dated as of January 29, 2002 (the "Indenture"), between Regal Cinemas Corporation, as issuer (the "Company"), the Guarantors party
thereto and U.S. Bank National Association, as trustee. Capitalized terms used but not defined herein shall have the meanings given to them in the Indenture. 

                                ,
(the "Owner") owns and proposes to exchange the Note[s] or interest in such Note[s] specified herein, in the principal
amount of $                        in such Note[s] or interests (the "Exchange"). In connection with the Exchange, the Owner
hereby certifies that: 

          1.  Exchange of Restricted Definitive Notes or Beneficial Interests in a Restricted Global Note for Unrestricted Definitive Notes or Beneficial
Interests in an Unrestricted Global Note.

        (a)  o    Check if Exchange is from beneficial interest in a Restricted Global Note to
beneficial interest in an Unrestricted Global Note. In connection with the Exchange of the Owner's beneficial interest in a Restricted Global Note for a
beneficial interest in an Unrestricted Global Note in an equal principal amount, the Owner hereby certifies (i) the beneficial interest is being acquired for the Owner's own account without
transfer, (ii) such Exchange has been effected in compliance with the transfer restrictions applicable to the Global Notes and pursuant to and in accordance with the United States Securities
Act of 1933, as amended (the "Securities Act"), (iii) the restrictions on transfer contained in the Indenture and the Private Placement Legend are not required in order to maintain compliance
with the Securities Act and (iv) the beneficial interest in an Unrestricted Global Note is being acquired in compliance with any applicable blue sky securities laws of any State of the United
States. 

        (b)  o    Check if Exchange is from beneficial interest in a Restricted Global Note to
Unrestricted Definitive Note. In connection with the Exchange of the Owner's beneficial interest in a Restricted Global Note for an Unrestricted Definitive Note, the Owner
hereby certifies (i) the Definitive Note is being acquired for the Owner's own account without transfer, (ii) such Exchange has been effected in compliance with the transfer restrictions
applicable to the Restricted Global Notes and pursuant to and in accordance with the Securities Act, (iii) the restrictions on transfer contained in the Indenture and the Private Placement
Legend are not required in order to maintain compliance with the Securities Act and (iv) the Definitive Note is being acquired in compliance with any applicable blue sky securities laws of any
State of the United States. 

        (c)  o    Check if Exchange is from Restricted Definitive Note to beneficial interest in an
Unrestricted Global Note. In connection with the Owner's Exchange of a Restricted Definitive Note for a beneficial interest in an Unrestricted Global Note, the Owner hereby
certifies (i) the beneficial interest is being acquired for the Owner's own account without transfer, (ii) such Exchange has been effected in compliance with the transfer restrictions
applicable to Restricted Definitive Notes and pursuant to and in accordance with the Securities Act, (iii) the restrictions on transfer contained in the Indenture and the Private Placement
Legend are not required in order to

 
maintain compliance with the Securities Act and (iv) the beneficial interest is being acquired in compliance with any applicable blue sky securities laws of any State of the United States. 

        (d)  o    Check if Exchange is from Restricted Definitive Note to Unrestricted Definitive
Note. In connection with the Owner's Exchange of a Restricted Definitive Note for an Unrestricted Definitive Note, the Owner hereby certifies (i) the Unrestricted
Definitive Note is being acquired for the Owner's own account without transfer, (ii) such Exchange has been effected in compliance with the transfer restrictions applicable to Restricted
Definitive Notes and pursuant to and in accordance with the Securities Act, (iii) the restrictions on transfer contained in the Indenture and the Private Placement Legend are not required in
order to maintain compliance with the Securities Act and (iv) the Unrestricted Definitive Note is being acquired in compliance with any applicable blue sky securities laws of any State of the
United States. 

          2.  Exchange of Restricted Definitive Notes or Beneficial Interests in Restricted Global Notes for Restricted Definitive Notes or Beneficial
Interests in Restricted Global Notes.

        (a)  o    Check if Exchange is from beneficial interest in a Restricted Global Note to
Restricted Definitive Note. In connection with the Exchange of the Owner's beneficial interest in a Restricted Global Note for a Restricted Definitive Note with an equal
principal amount, the Owner hereby certifies that the Restricted Definitive Note is being acquired for the Owner's own account without transfer. Upon consummation of the proposed Exchange in
accordance with the terms of the Indenture, the Restricted Definitive Note issued will continue to be subject to the restrictions on transfer enumerated in the Private Placement Legend printed on the
Restricted Definitive Note and in the Indenture and the Securities Act. 

        (b)  o    Check if Exchange is from Restricted Definitive Note to beneficial interest in a
Restricted Global Note. In connection with the Exchange of the Owner's Restricted Definitive Note for a beneficial interest in the: [CHECK
ONE]  o 144A Global Note or  o Regulation S Global Note with an
equal principal amount, the Owner hereby certifies (i) the beneficial interest is being acquired for the Owner's own account without transfer and (ii) such Exchange has been effected in
compliance with the transfer restrictions applicable to the Restricted Global Notes and pursuant to and in accordance with the Securities Act, and in compliance with any applicable blue sky securities
laws of any State of the United States. Upon consummation of the proposed Exchange in accordance with the terms of the Indenture, the beneficial interest issued will be subject to the restrictions on
transfer enumerated in the Private Placement Legend printed on the relevant Restricted Global Note and in the Indenture and the Securities Act. 

        This
certificate and the statements contained herein are made for your benefit and the benefit of the Company. 

	
 [Insert Name of Owner]	 	 
	

By:	
 	

 	
 	

 
	 	 	
 Name:

Title:	 	 

	Dated:	 	 	 	 
	 	 	
	 	 

EXHIBIT D

FORM OF CERTIFICATE FROM ACQUIRING

INSTITUTIONAL ACCREDITED INVESTOR  

Regal
Cinemas Corporation

7132 Mike Campbell Drive,

Knoxville, TN 37918 

U.S.
Bank National Association

180 East Fifth Street

St. Paul, MN 55101

Attention: Corporate Trust Services 

        Re:
93/8% Senior Subordinated Notes due 2012 

Dear
Sirs: 

        Reference
is hereby made to the Indenture, dated as of January 29, 2002 (the "Indenture"), between Regal Cinemas Corporation, as issuer (the "Company"), the Guarantors party
thereto and U.S. Bank National Association, as trustee. Capitalized terms used but not defined herein shall have the meanings given to them in the Indenture. 

        In
connection with our proposed purchase of
$                                         
       aggregate principal amount of: (a) a beneficial interest in a Global
Note, or (b) a Definitive Note, we confirm that: 

          1.  We
understand that any subsequent transfer of the Notes or any interest therein is subject to certain restrictions and conditions set forth in the Indenture and the
undersigned agrees to be bound by, and not to resell, pledge or otherwise transfer the Notes or any interest therein except in compliance with, such restrictions and conditions and the United States
Securities Act of 1933, as amended (the "Securities Act"). 

          2.  We
understand that the offer and sale of the Notes have not been registered under the Securities Act, and that the Notes and any interest therein may not be offered or
sold except as permitted in the following sentence. We agree, on our own behalf and on behalf of any accounts for which we are acting as hereinafter stated, that if we should sell the Notes or any
interest therein, we will do so only (i) to the Company, (ii) in the United States to a person whom the seller reasonably believes is a "qualified institutional buyer" (as defined in
Rule 144A under the Securities Act) in a transaction meeting the requirements of Rule 144A, (iii) outside the United States in an off shore transaction in accordance with
Rule 904 under the Securities Act, (iv) pursuant to an exemption from registration under the Securities Act provided by Rule 144 thereunder (if available) or (v) pursuant
to an effective registration statement under the Securities Act, in each of cases (i) through (v) in accordance with any applicable securities laws of any state of the United States, and
we further agree to provide to any person purchasing the Definitive Note from us in a transaction meeting the requirements of clauses (i) through (v) of this paragraph a notice
advising such purchaser that resales thereof are restricted as stated herein. 

          3.  We
understand that, on any proposed resale of the Notes or beneficial interest therein, we will be required to furnish to you and the Company such certifications, legal
opinions and other information as you and the Company may reasonably require to confirm that the proposed sale complies with the foregoing restrictions. We further understand that the Notes purchased
by us will bear a legend to the foregoing effect. We further understand that any subsequent transfer by us of the Notes or beneficial interest therein acquired by us must be effected through one of
the Initial Purchasers. 

          4.  We
are an institutional "accredited investor" (as defined in Rule 501(a)(1), (2), (3) or (7) of Regulation D under the Securities Act) and
have such knowledge and experience in financial and business matters as to be capable of evaluating the merits and risks of our investment in the Notes, and

 
we and any accounts for which we are acting are each able to bear the economic risk of our or its investment. 

          5.  We
are acquiring the Notes or beneficial interest therein purchased by us for our own account or for one or more accounts (each of which is an institutional "accredited
investor") as to each of which we exercise sole investment discretion. 

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

	 	 	 	 	Dated:	 	 
	
 [Insert Name of Accredited Investor]	 	 	 	

	

By:	
 	

 	
 	

 	
 	

 
	 	 	
 Name:

Title:	 	 	 	 

EXHIBIT E

FORM OF SUPPLEMENTAL INDENTURE

TO BE DELIVERED BY SUBSEQUENT

GUARANTORS  

        Supplemental Indenture (this "Supplemental Indenture"), dated as of            ,
among                                         
       (the
"Guaranteeing Subsidiary"), a subsidiary of Regal Cinemas Corporation (or its permitted successor), a Delaware corporation (the "Company"), the Company and U.S. Bank National Association, as trustee
under the Indenture referred to below (the "Trustee"). 

W
I T N E S S E T H 

        WHEREAS,
the Company has heretofore executed and delivered to the Trustee an indenture (the "Indenture"), dated as of January 29, 2002, providing for the issuance of
93/8% Senior Subordinated Notes due 2012 (the "Notes"); 

        WHEREAS,
the Indenture provides that under certain circumstances the Guaranteeing Subsidiary shall execute and deliver to the Trustee a supplemental indenture pursuant to which any
newly-acquired or created Guarantor shall unconditionally guarantee all of the Company's obligations under the Notes and the Indenture on the terms and conditions set forth herein (the "Subsidiary
Guarantee"); and 

        WHEREAS,
pursuant to Section 9.1 of the Indenture, the Trustee is authorized to execute and deliver this Supplemental Indenture. 

        NOW
THEREFORE, in consideration of the foregoing and for other good and valuable consideration, the receipt of which is hereby acknowledged, the Guaranteeing Subsidiary and the Trustee
mutually covenant and agree for the equal and ratable benefit of the Holders of the Notes as follows: 

        1.    Capitalized Terms.    Capitalized terms used herein without definition shall have the meanings assigned to them
in the Indenture. 

        2.    Agreement to Guarantee.    The Guaranteeing Subsidiary irrevocably and unconditionally guarantees the Guarantee
Obligations, which include (i) the due and punctual payment of the principal of, premium, if any, and interest (and Liquidated Damages, if any) on the Notes, whether at maturity, by
acceleration,
call for redemption, upon a Change of Control Offer, upon an Asset Sale Offer or otherwise, the due and punctual payment of interest on the overdue principal and premium, if any, and (to the extent
permitted by law) interest on any interest on the Notes, and payment of expenses, and the due and punctual performance of all other obligations of the Company, to the Holders or the Trustee all in
accordance with the terms set forth in Article X of the Indenture, and (ii) in case of any extension of time of payment or renewal of any Notes or any such other obligations, that the
same will 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, call for redemption, upon a Change of
Control Offer, upon an Asset Sale Offer or otherwise. 

        The
obligations of Guaranteeing Subsidiary to the Holders and to the Trustee pursuant to this Subsidiary Guarantee and the Indenture are expressly set forth in Article X of the
Indenture and reference is hereby made to such Indenture for the precise terms of this Subsidiary Guarantee. 

        No
past, present or future director, officer, employee, incorporator or stockholder (direct or indirect) of the Guaranteeing Subsidiary (or any such successor entity), as such, shall
have any liability for any obligations of the Guaranteeing Subsidiary under this Subsidiary Guarantee or the Indenture or for any claim based on, in respect of, or by reason of, such obligations or
their creation, except in their capacity as an obligor or Guarantor of the Notes in accordance with the Indenture. 

        This
is a continuing Guarantee and shall remain in full force and effect and shall be binding upon the Guaranteeing Subsidiary and its successors and assigns until full and final payment
of all of the Company's obligations under the Notes and Indenture or until released in accordance with the Indenture and shall inure to the benefit of the successors and assigns of the Trustee and the
Holders,

 
and, in the event of any transfer or assignment of rights by any Holder or the Trustee, the rights and privileges herein conferred upon that party shall automatically extend to and be vested in such
transferee or assignee, all subject to the terms and conditions hereof. This is a Guarantee of payment and performance and not of collectibility. 

        The
obligations of the Guaranteeing Subsidiary under its Subsidiary Guarantee shall be limited to the extent necessary to insure that it does not constitute a fraudulent conveyance under
applicable law. 

        THE
TERMS OF ARTICLE X OF THE INDENTURE ARE INCORPORATED HEREIN BY REFERENCE. 

        3.    NEW YORK LAW TO GOVERN.    THE INTERNAL LAW OF THE STATE OF NEW YORK SHALL GOVERN AND BE USED TO CONSTRUE THIS
SUPPLEMENTAL INDENTURE, INCLUDING, WITHOUT LIMITATION, SECTIONS 5-1401 AND 5-1402 OF THE NEW YORK GENERAL OBLIGATIONS LAW AND NEW YORK CIVIL PRACTICE LAWS AND RULES 327(b). 

        4.    Counterparts.    The parties may sign any number of copies of this Supplemental Indenture. Each signed copy
shall be an original, but all of them together represent the same agreement. 

        5.    Effect of Headings.    The Section headings herein are for convenience only and shall not affect the
construction hereof. 

        IN
WITNESS WHEREOF, the parties hereto have caused this Supplemental Indenture to be duly executed and attested, all as of the date first above written. 

	 	 	THE COMPANY:
 REGAL CINEMAS CORPORATION
	

 	
 	

By:	
 	

 
	 	 	 	 	
 Name:

Title:
	

 	
 	
GUARANTEEING SUBSIDIARY:
 NAME:
	

 	
 	

By:	
 	

 
	 	 	 	 	
 Name:

Title:
	

 	
 	
THE TRUSTEE:
 U.S. BANK NATIONAL ASSOCIATION
	

 	
 	

By:	
 	

 
	 	 	 	 	
 Name:

Title:

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STOCKHOLDERS' AGREEMENT

AMONG

REGAL ENTERTAINMENT CORPORATION

AND

THE STOCKHOLDERS IDENTIFIED HEREIN

MARCH 8, 2002  

        

STOCKHOLDERS' AGREEMENT

REGAL ENTERTAINMENT GROUP  

                THIS
STOCKHOLDERS' AGREEMENT (this "Agreement") by and among Regal Entertainment Group, a Delaware corporation (the
"Company"), Anschutz Investment Group LLC ("Anschutz"), Craig D. Slater
("Slater") and OCM Principal Opportunities Fund II, L.P. ("Oaktree" and together with Anschutz and
Slater, the "Sponsor Stockholders"), and the other stockholders of the Company identified on Appendix I  attached hereto as the "Non-Sponsor Stockholders." The Sponsor Stockholders and the Non-Sponsor
Stockholders, together with other stockholders of the Company who may become parties hereto from time to time, are referred to herein collectively as the
"Stockholders" and individually as a "Stockholder." This Agreement shall be effective on the Closing
Date (the "Effective Date"), as such term is defined in that certain Exchange Agreement, dated March 8, 2002 by and among the Company and the
Stockholders (the "Exchange Agreement"), and if the Closing pursuant to the Exchange Agreement does not occur, this Agreement shall be of no force or
effect. 

                WHEREAS,
each of the Stockholders holds of record or beneficially the Equity Securities in the Company set forth opposite such Stockholder's name on  Appendix I hereto; 

                WHEREAS,
the Company and the Stockholders desire to enter into this Agreement in order to provide, among other things, for certain mutual restrictions relating to the transfer of such
Equity Securities and other rights and responsibilities as set forth herein; and 

                WHEREAS,
capitalized terms used in this Agreement shall have the meaning ascribed to them in Article 8 hereof. 

                NOW,
THEREFORE, for and in consideration of the foregoing and of the mutual covenants and agreements hereinafter set forth, the parties hereto agree as follows: 

1.    BOARD OF DIRECTORS  

        1.1.  Board of Directors  

                The Company and each Stockholder (for so long as such Stockholder owns any Equity Securities) shall take or cause to be taken all such
action within their
respective power and authority (including without limitation the voting of shares of Equity Securities held by such Stockholder or the taking of action by consent with respect to such shares of Equity
Securities) as may be required: 

                1.1.1. to establish and maintain the authorized size of the board of directors of the Company at nine (9) directors (which number
may be increased or reduced as provided in the bylaws of the Company, provided that the number of directors may not be reduced below the number of
directors entitled to be nominated by the Stockholders pursuant to Section 1.1.2 without the prior written consent of the affected Stockholders);
to maintain the quorum requirements for actions of the board of directors of the Company at not less than a majority of all directors in office; and to maintain the voting requirements for actions of
the board of directors of the Company at a majority of directors present at a meeting at which there is a quorum, except in respect of such matters as the certificate of incorporation or the bylaws of
the Company may impose a greater voting requirement; 

                1.1.2. to cause to be elected to the board of directors of the Company (A) five (5) directors designated by Anschutz (each
an "Anschutz Director"), (B) Stephen Kaplan or if Stephen Kaplan is unwilling or unable to serve as a director, such other designee of Oaktree as
shall be approved by Anschutz (the "Oaktree Director"), (C) Mike Campbell ("Campbell"),
(D) Kurt Hall ("Hall") and (E) one (1) director designated by the holders of at least a majority of the outstanding shares of
voting stock of the Company (the "Stockholder Director"). The Anschutz Directors, the Oaktree Director, Campbell, Hall and the Stockholder Director are
each referred to as a "Stockholder Nominee"; 

                1.1.3. to remove forthwith any Stockholder Nominee when (and only when) such removal is requested for any reason, with or without cause,
by (A) Anschutz, in the case of an Anschutz Director, (B) Oaktree, in the case of the Oaktree Director, (C) a majority of the directors then in office in the

  
case of Campbell or Hall or (D) the holders of at least a majority of the outstanding shares of voting stock of the Company with respect to the Stockholder Director; 

                1.1.4 to, in the case of death, resignation, or removal as provided in Section 1.1.3  of a director, elect another director designated by (A) Anschutz, in the
case of an Anschutz Director, (B) Oaktree, in the case of the Oaktree Director (which
designee shall be subject to the prior approval of Anschutz), (C) a
majority of the directors then in office in the case of Campbell or Hall or (D) the holders of at least a majority of the outstanding shares of voting stock of the Company with respect to the
Stockholder Director; or 

                1.1.5 to cause the certificate of incorporation and bylaws of the Company to be amended to the extent necessary to conform to, and to be
consistent with, any amendments to this Agreement. 

        1.2.  Obligations of Transferees  

                Without limiting any other provision of this Agreement imposing obligations on transferees generally, it is expressly agreed that the
voting and related
obligations, but not rights, contained in this Section 1 shall bind any transferee of any Stockholder for the term of this Agreement. 

2.    TRANSFER OF EQUITY SECURITIES  

        2.1.  Transfers Prohibited  

                No Non-Sponsor Stockholder shall (during his lifetime, in the case of an individual) make any Transfer other than a Permitted Transfer of
any Equity
Securities now or hereafter held or acquired by such Stockholder to any individual or entity except in accordance with Section 2.3. Neither
Oaktree nor any Oaktree Affiliates shall make any Transfer of Equity Securities now or hereafter held or acquired by Oaktree or any Oaktree Affiliate to any individual or entity except in accordance
with Section 2.3. Any purported transfer contrary to the terms of this Section 2.1 shall
be null and void and of no force and effect. 

        2.2.  Transfer; Permitted Transfer  

                The term "Transfer" as used in this Article 2 shall
include a sale, gift, mortgage, pledge, exchange, assignment or other disposition (whether with or without consideration and whether voluntary or involuntary or by operation of law), including a
disposition under judicial order, legal process, execution, attachment or enforcement of an encumbrance. In the case of any Transfers described in clause (ii), clause (iii),
clause (iv) or clause (v) of the definition of Permitted Transfer, the transferees shall hold the Equity Securities subject to the terms of this Agreement and, as a
condition precedent to such transfers, shall be required to execute and deliver this Agreement and Appendix I shall be revised to reflect the
addition of such transferee as a Sponsor Stockholder if the transferor is a Sponsor
Stockholder or a Non-Sponsor Stockholder if the transferor is a Non-Sponsor Stockholder. Thereafter, such transferees shall be deemed to be Stockholders for purposes of this
Agreement, but, in the case of Transfers described in clause (ii) of the definition of Permitted Transfer, the transferees shall not have the right to purchase Equity Securities under  Section 2.3
or Section 5.1. 

        2.3.  Rights of First Refusal  

                2.3.1. Transfer Subject to Rights of Company and Stockholders  

                In the event that (i) other than pursuant to a Permitted Transfer (a) a Non-Sponsor Stockholder (the
"Transferor") or (b) Oaktree or any Oaktree Affiliate (also a "Transferor") at any time receives
a bona fide offer to purchase all or any Equity Securities now or hereafter held or acquired by such Transferor, (ii) the person making such offer has the financial capacity to perform and
(iii) the Transferor desires to accept such offer (any such offer meeting such requirements is referred to herein as a "Third Party Offer"),
before the Transferor may accept the Third Party Offer, the

  
Transferor first must make the offer(s) required by this Section 2.3 and such offer(s) must not have been accepted as provided in this  Section 2.3. If requested by the Company, it shall be a condition precedent to the Transfer that the Transferor shall deliver to the Company a
written opinion of such Transferor's legal counsel, in form and substance reasonably satisfactory to legal counsel to the Company, to the effect that the proposed Transfer may be effected without
registration under the Act or any applicable state law. As a condition precedent to the Transfer, the Person making the Third Party Offer shall have delivered to the Company a written acknowledgement
that the Equity Securities to be transferred are subject to this Agreement and that such Person and such Person's successors in interest are bound by this Agreement as a Non-Sponsor
Stockholder. 

                2.3.2. Offer  

                Prior to accepting a Third Party Offer, the Transferor shall, in the case of Section 2.3.1(i)(a)
make to
each Sponsor Stockholder (each an "Offeree") and, in the case of Section 2.3.1(i)(b), make to
Anschutz (also an "Offeree") an offer in writing to sell the Equity Securities proposed to be transferred by the Offeror (the
"Offer") on the same terms and conditions as the Third Party Offer. Attached to the Offer, which shall be sent to the Offerees, shall be a statement of
intention to accept the Third Party Offer, and all particulars, including, but not limited to, (i) the name(s) and address(es) of the person making the Third Party Offer, (ii) the number
of Equity Securities involved in the proposed transfer, (iii) a summary description of all of the terms of the Third Party Offer and a copy of the Third Party Offer, including the proposed
closing date and (iv) the address of the Transferor to which notice of acceptance of the Offer is to be sent. 

                2.3.3. Acceptance  

                Within fifteen (15) days after the receipt of the Offer (the "Offer Period"), each
Offeree shall notify
the Transferor and the other Offerees whether or not it desires to purchase any or all of the Equity Securities offered and how many of the Equity Securities it desires to purchase (the
"Offer Response"). At the Offeree's election, the Offerees may assign (in whole or in part) such right to purchase the Equity Securities subject to the
Offer to the Company or to an Affiliate of such Offeree (each such assignee also an "Offeree"). In the event that the aggregate number of Equity
Securities that the Offerees who elected to make purchases (the "Purchasing Offerees") desire to purchase is greater than the total number of Equity
Securities offered to them, such Equity Securities shall be allocated among the Purchasing Offerees in proportion to their holdings, or in such other proportions as they may agree;  provided, however,
that any Purchasing Offeree who elected in such Offeree's Offer Response to purchase less than such Offeree's proportionate number of
Equity Securities so determined shall be allocated only the number of Equity Securities specified in such Offer Response, and the balance of such Equity Securities shall be allocated among the
remaining Purchasing Offerees in proportion to their holdings (up to the number of shares specified in such Purchasing Offerees' Offer Responses), or in such other proportions as they may agree, and
this procedure shall be repeated until all the Equity Securities offered to the Offerees have been allocated to a Purchasing Offeree. The phrase "in proportion to their holdings" as used in this  Section 2.3.3
shall mean in the proportion which the number of Equity Securities held by each Purchasing Offeree bears to the aggregate number of
Equity Securities held by all Purchasing Offerees among whom Equity Securities are being allocated, determined as of the last day of the Offer Period. 

                2.3.4. Specified Minimum Purchase  

                Notwithstanding the foregoing, if the Transferor has received a Third Party Offer that contains a condition that such prospective
purchaser will not purchase
less than the total, or a specified minimum, number of Equity Securities owned by the Transferor at the time of the Third Party Offer, then in order to exercise the foregoing options the Offerees must
purchase, in the aggregate, either (i) all of the Equity Securities offered by the Transferor or (ii) no more than that number of Equity Securities equal to the difference between
(a) the minimum number of Equity Securities specified in

  
the Third Party Offer and (b) the total number of Equity Securities offered by the Transferor. Otherwise, the Offer shall be deemed not to have been accepted by the Offerees. 

                2.3.5. Purchase Price; Deliveries on Closing Date  

                The purchase price for each share of Equity Securities purchased from the Transferor by the Offerees shall be the same as, and on the same
terms and conditions
as, specified in the Third Party Offer. In the event that the Third Party Offer specifies the payment of consideration other than cash, then the purchase price for purposes of this  Section 2.3.5 shall include in lieu thereof the cash equivalent of such consideration as determined by Transferor and the Offerees. If the
Transferor and the Offerees cannot agree on the cash equivalent of such consideration within fifteen (15) days of the Offer, then a nationally recognized investment banking firm shall be
selected by the Transferor from a list of three
(3) such investment banking firms independent of the Company and the Offerees, which list shall be provided by the Company. The investment banking firm shall be instructed to determine the cash
equivalent of the proposed consideration within thirty (30) days following the engagement of such investment banking firm. The fees and costs of the investment banking firm shall be borne by
the Transferor. The purchase price shall be payable in cash on the closing date specified in the Offer, or on such later date as the parties may agree, or such later date as may be necessary to obtain
any required regulatory approvals. On such closing date, in consideration of such payment, the Transferor shall deliver the certificates for Equity Securities being purchased by the Offerees, with
appropriate duly executed stock powers, or properly endorsed for transfer, and bearing any necessary documentary stamps and accompanied by such certificates of authority, tax releases, consents to
transfer or other instruments or evidences of title of the Transferor or such additional items as may be reasonably requested by the Company or the other Offerees. 

                2.3.6. Release of Transferor from Restrictions  

                If the Offerees shall (i) fail to respond with an Offer Response within the time frames described in  Section 2.3.3, (ii) be deemed not to have accepted an Offer pursuant to Section 2.3.4  or (iii) shall fail to purchase the Equity Securities
described in the Offer Response within sixty (60) days after expiration of the Offer Period, the Transferor
shall be free for a period of ninety (90) days after the expiration of the Offer Period to sell the offered but unsold Equity Securities to the individual or entity making the Third Party
Offer, for the price and on terms no more favorable to such transferee(s) than were available to the Offerees under the Offer. If the offered but unsold Equity Securities are not so sold by the
Transferor within such ninety (90) day period, the Transferor shall have no right to transfer of the Equity Securities without again complying with the restrictions contained in this  Section 2.3. 

3.    RIGHTS AND OBLIGATIONS UPON CHANGE OF CONTROL  

        3.1.  Obligation to Offer  

                In the event (i) Anschutz or any Anschutz Affiliate (the "Offeree Stockholder(s)")
desires to sell any
shares of capital stock of the Company held by it or (ii) any Stockholder or Stockholders (also the "Offeree Stockholder(s)") receive a bona fide
offer or related series of offers from any person (the "Control Offeror") to purchase from the Offeree Stockholder(s) not less than fifty percent (50%),
by voting power, of the then outstanding capital stock of the Company (a "Majority Interest") or to purchase from the Offeree Stockholder(s) that number
of shares of stock that, when added to the number of shares of stock at the time already owned, directly or indirectly, by the Control Offeror and its Affiliates, constitutes a Majority Interest (each
of (i) and (ii) a "Tag Offer"), the Offeree Stockholder(s) shall promptly forward a copy of such Tag Offer to the Company and the other
Stockholders; provided, however, that the foregoing shall not apply to a Permitted Transfer or to a
Transfer of Equity Securities between and among the Stockholders. The other Stockholders may elect to participate in the sale pursuant to the Tag Offer at the same price per share and on the same
terms

  
by delivering written notice to the Offeree Stockholder(s) within twenty (20) days after delivery to the other Stockholders of such copy of the Tag Offer. If any other Stockholders elect to
participate in the sale pursuant to the Tag Offer, the Offeree Stockholder(s) and such other Stockholders shall each be entitled to sell pursuant to the Tag Offer the number of shares of stock as to
which the Tag Offer relates equal to the product of (x) the number of shares of stock to which such Tag Offer relates times (y) the ratio of the number of shares of stock owned by such
Stockholder over the number of shares of stock owned by all Stockholders electing to sell pursuant to the Tag Offer. The Offeree Stockholder(s) shall not sell any such shares of stock pursuant to the
Tag Offer unless the Control Offeror or the Person to whom Anschutz or any Anschutz Affiliate proposes to sell pursuant to the Tag Offer agrees to extend the Tag Offer to the other Stockholders in
accordance with the foregoing and to purchase from the Offeree Stockholder(s) and such other Stockholders their respective proportionate shares as described above of the aggregate number of shares of
stock as to which the sale pursuant to the Tag Offer relates. Each Stockholder participating in the sale to the Control Offeror or the Person to whom Anschutz or any Anschutz Affiliate proposes to
sell pursuant to the Tag Offer shall pay its pro rata share (based on the number of shares to be sold) of the expenses incurred by the Offeree Stockholder(s) in connection with such transfer and shall
be obligated to join on a pro rata basis (based on the number of shares to be sold) in any indemnification or other obligations that the Offeree Stockholder(s) agree to provide in connection with such
transfer (other than any such obligations that relate specifically to a particular Offeree Stockholder such as (but without limitation) indemnification with respect to representations and warranties
given by a Stockholder regarding such Stockholder's title to and ownership of the shares to be sold); provided that no participating Stockholder shall
be obligated in connection with the sale pursuant to the Tag Offer to agree to indemnify or hold harmless the Control Offeror or the Person to whom Anschutz or any Anschutz Affiliate proposes to sell
pursuant to the Tag Offer with respect to an amount in excess of the net cash proceeds paid to such Stockholder in connection with such sale. Notwithstanding the provisions of this  Section 3.1, no
Stockholder shall sell any stock to a Control Offeror without first complying with the provisions of
Section 2.3 hereof; provided, however, that the Stockholders shall not be obligated to comply
with Section 2.3 if Anschutz or any Anschutz Affiliate is the Offeree Stockholder pursuant to this  Section 3.1. Notwithstanding anything to the
contrary in this Section 3.1, the rights of
any Stockholder to sell in the Tag Offer are subject to the Offeree Stockholder(s)' consummation of such Offeree Stockholder(s)' sale pursuant to the Tag Offer. 

        3.2.  Obligation to Sell  

                In the event that the Company has received a proposal for any merger, sale of a significant portion of the Company's assets,
recapitalization, sale of shares of
capital stock or other extraordinary transaction (an "Acquisition Offer"), or any Stockholder has received a Control Offer, and (a) the Board of
Directors of the Company has recommended such Acquisition Offer or Control Offer to the Stockholders or (b) Stockholders owning not less than two-thirds by voting power of the
capital stock of the Company have notified the other Stockholders in writing that such Stockholders are in favor of such Acquisition Offer or Control Offer, each Stockholder agrees that such
Stockholder shall (i) vote any shares of capital stock of the Company having the right to vote held by such Stockholder or as to which such Stockholder has voting power in favor of the
consummation of transactions contemplated by such Acquisition Offer or Control Offer at any meeting of stockholders at which such transactions are considered, (ii) tender all shares of capital
stock of the Company held by such Stockholder or as to which such Stockholder has power of disposition that are the subject of such Acquisition Offer or Control Offer in accordance with the terms of
the Acquisition Offer or Control Offer and (iii) take all
other commercially reasonable actions required in order to effectuate fully the transactions contemplated by such Acquisition Offer or Control Offer.

 

4.    REGISTRATION RIGHTS  

        4.1.  Demand Registration Rights  

                4.1.1. Request  

                Subject to the provisions of this Section 4.1, at any time after the earlier of
(i) six
(6) months following the closing of the Initial Public Offering or (ii) the third anniversary of the Effective Date, (A) Anschutz or any Anschutz Affiliate may request
registration for sale under the Act of all or part of the Common Stock then held by them; provided, however, that such request shall cover the
registration of Common Stock with an anticipated aggregate offering price (before any underwriting discounts and commissions) of at least $25,000,000 and (B) Oaktree or any Oaktree Affiliate
may request registration for sale under the Act of all or part of the Common Stock then held by them; provided, however, that such request shall cover
the registration of Common Stock with an anticipated aggregate offering price (before any underwriting discounts and commissions) of at least $25,000,000. Within thirty (30) days after receipt
by the Company of such request (which request shall specify the number of shares proposed to be registered and sold), the Company shall promptly give written notice to all other Stockholders of the
proposed demand registration, and such other Stockholders shall have the right to join in such proposed registration and sale, upon written request to the Company (which request shall specify the
number of shares proposed to be registered and sold) within fifteen (15) days after receipt of such notice from the Company. The Company shall thereafter, as expeditiously as practicable, use
its reasonable best efforts (x) to file with the SEC under the Act a registration statement on the appropriate form concerning all Common Stock specified in the demand request and all shares
with respect to which the Company has received such written request from the other Stockholders and (y) to cause such registration statement to be declared effective. The Company shall use its
reasonable best efforts to cause each offering pursuant to this Section 4.1 to be managed, on a firm commitment basis, by a recognized regional
or national underwriter. With respect to requests for registration by Anschutz or any Anschutz Affiliate pursuant to clause (A) above, the Company shall not be required to comply with
more than three (3) requests by Anschutz or any Anschutz Affiliate, collectively, for demand registrations pursuant to this Section 4.1  unless pursuant to the provisions of Section 4.1.3 hereof a number of shares in excess of fifty percent (50%) of the
Common Stock requested to be included in a registration are not included, in which event such demand registration shall not count against the three (3) demand registrations to which Anschutz
and any Anschutz Affiliates, collectively, are entitled. With respect to requests for registration by Oaktree or any Oaktree Affiliate pursuant to clause (B) above, the Company shall not
be required to comply with more than two (2) requests by Oaktree or any Oaktree Affiliates, collectively, for demand registrations pursuant to this Section 4.1  unless pursuant to the
provisions of Section 4.1.3 hereof a number of shares in excess of fifty percent (50%) of the Common Stock requested to be included in a
registration are not included, in which event such demand registration shall not count against the two (2) demand registrations to which Oaktree and any Oaktree Affiliates, collectively, are
entitled. 

                4.1.2. Delay by Company  

                The Company shall not be required to effect a demand registration under the Act pursuant to Section 4.1.1
above if (i) the Company receives such request for registration within one hundred twenty (120) days preceding the anticipated effective date of a proposed
underwritten public offering of securities of the Company approved by the Company's board of directors prior to the Company's receipt of such request; (ii) within twelve (12) months
prior to any such request for registration, a registration of securities of the Company has been effected in which the Stockholders had the right to participate pursuant to this  Section 4.1 or
Section 4.2 hereof; or (iii) the board of directors of the Company
reasonably determines in good faith that effecting such a demand registration at such time would have a material adverse effect upon a proposed sale of all (or substantially all) the assets of the
Company, or a merger, reorganization, recapitalization, or similar transaction materially affecting the

  
capital structure or equity ownership of the Company; provided, however, that the Company may only
delay a demand registration pursuant to this Section 4.1.2(iii) for a period not exceeding six (6) months (or until such earlier time as
such transaction is consummated or no longer proposed). The Company shall promptly notify in writing the Stockholders requesting registration of any decision not to effect any such request for
registration pursuant to this Section 4.1.2, which notice shall set forth in reasonable detail the reason for such decision and shall include an
undertaking by the Company promptly to notify such Stockholders as soon as a demand registration may be effected. 

                4.1.3. Pro Rata Reduction  

                If a demand registration is an underwritten registration and the managing underwriters advise the Company and the Stockholders
participating in the demand
registration in writing that in their opinion the number of shares of Common Stock requested to be included in such registration exceeds the number that can be sold in such offering, then the amount
of such shares that may be included in such registration shall be allocated pro rata among all of such participating Stockholders in proportion to the number of shares of Common Stock such
Stockholders have requested to include in the demand registration. 

                4.1.4. Withdrawal  

                Stockholders participating in any demand registration pursuant to this Section 4.1 may
withdraw at any
time before a registration statement is declared effective, in which event the Company shall withdraw
such registration statement (and the Stockholders shall not be deemed to have requested a demand registration for purposes of Section 4.1.1  hereof) unless at least fifty percent (50%) of the shares
of Common Stock of the Company requested to be registered remain covered by such registration statement. If the
Company withdraws a registration statement under this Section 4.1.4 in respect of a registration for which the Company would otherwise be
required to pay expenses under Section 4.5.2 hereof, the Stockholders that shall have withdrawn shall be liable to the Company for all expenses
of such registration specified in Section 4.5.2 hereof in proportion to the number of shares each such withdrawing Stockholder shall have
requested to be registered. 

        4.2.  Piggyback Registration Rights  

                4.2.1. Request  

                If at any time or times after the Effective Date the Company proposes to make a registered public offering of any of its Equity Securities
under the Act (whether
to be sold by it or by one or more third parties), other than (a) the Company's Initial Public Offering, (b) an offering pursuant to a demand registration under  Section 4.1.1 hereof or
(c) an offering registered on Form S-8, Form S-4, or comparable forms, the
Company shall, not less than ten (10) business days prior to the proposed filing date of the registration form, give written notice of the proposed registration to each Stockholder, and
at the written request of a Stockholder delivered to the Company within five (5) business days after the receipt of such notice, shall include in such registration and offering, and in
any underwriting of such offering, all shares of Common Stock as may have been designated in such Stockholder's request. 

                4.2.2. Pro Rata Reduction  

                If a registration in which any Stockholder has the right to participate pursuant to this Section 4.2
is an
underwritten primary registration on behalf of the Company, and the managing underwriters advise the Company in writing that in their opinion the number of securities requested to be included in such
registration exceeds the number that can be sold in such offering, the Company shall include in such registration (i) first, the securities of the Company proposed to be sold by the Company,
and (ii) second, the Common Stock proposed to be sold by such Stockholder and by any other Stockholders proposing to sell shares of Common Stock pursuant to such registration, in proportion to
the number of shares of Common Stock so requested by each of them to be included. If

  
a registration in which such Stockholder has the right to participate pursuant to this Section 4.2 is an underwritten secondary registration and
the managing underwriters advise the Company in writing that in their opinion the number of securities requested to be included in such registration exceeds the number that can be sold in such
offering, then the Company shall include in such offering the number of shares of Common Stock owned and proposed to be sold by such Stockholder and by any other participants (including other
Stockholders) proposing (and entitled) to sell shares pursuant to such registration, in proportion to the number of shares of Common Stock so requested by each of them to be included. 

        4.3.  Registration Procedures  

                The Company shall have no obligation to file a registration statement pursuant to Section 4.1
hereof, or to include shares of Common Stock owned by any Stockholder in a registration statement pursuant to Section 4.2  hereof, unless and until such Stockholder shall
have furnished the Company with all information and statements about or pertaining to such Stockholder in such reasonable detail
and on such timely basis as is reasonably deemed by the Company to be necessary or appropriate with respect to the preparation of the registration statement. Whenever any Stockholder has requested
that any shares of Common Stock be registered pursuant to Sections 4.1 or 4.2 hereof, the Company
shall, as expeditiously as reasonably possible: 

                4.3.1 prepare and file with the SEC a registration statement with respect to such shares and use its best efforts to cause such
registration statement to become effective as soon as reasonably practicable thereafter (provided that before filing a registration statement or
prospectus or any amendments or supplements thereto, the Company shall furnish counsel for such Stockholder with copies of all such documents proposed to be filed); 

                4.3.2 prepare and file with the SEC such amendments and supplements to such registration statement and prospectus used in connection
therewith as may be necessary to keep such registration statement effective for a period of not less than nine (9) months or until such Stockholder has completed the distribution described in
such registration statement, whichever occurs first; 

                4.3.3 furnish to such Stockholder such number of copies of such registration statement, each amendment and supplement thereto, the
prospectus included in such registration statement (including each preliminary prospectus), and such other documents as such Stockholder may reasonably request; 

                4.3.4 use its best efforts to register or qualify such shares under such other securities or blue sky laws of such jurisdictions as such
Stockholder reasonably requests (and to maintain such registrations and qualifications effective for a period of nine (9) months or until such Stockholder has completed the distribution of such
shares, whichever occurs first), and to do any and all other acts and things that may be reasonably necessary or advisable to enable such Stockholder to consummate the disposition of such shares in
such jurisdictions (provided that the Company will not be required to (i) qualify generally to do business in any jurisdiction where it would not
be required but for this Section 4.3.4, (ii) subject itself to taxation in any such jurisdiction, or (iii) file any general consent
to service of process in any such jurisdiction); provided, that notwithstanding anything to the contrary in this Agreement with respect to the bearing
of expenses, if any such jurisdiction shall require that expenses incurred in connection with the qualification of such shares in that jurisdiction be borne in part or full by such Stockholder, then
such Stockholder shall pay such expenses to the extent required by such jurisdiction; 

                4.3.5 notify such Stockholder, at any time when a prospectus relating to such shares of Common Stock is required to be delivered under
the Act within the period that the Company is required to keep the registration statement effective, of the happening of any event as a result of which the prospectus included in any such registration
statement contains an untrue statement of a material fact or omits any fact necessary to make the statements therein not misleading, and prepare a

  
supplement or amendment to such prospectus so that, as thereafter delivered to the purchasers of such shares, such prospectus will not contain an untrue statement of a material fact or omit to state
any fact necessary to make the statements therein not misleading; 

                4.3.6 cause all such shares to be listed on securities exchanges, if any, on which similar securities issued by the Company are then
listed; 

                4.3.7 provide a transfer agent and registrar for all such shares (if the Company does not already have such an agent) not later than the
effective date of such registration statement; 

                4.3.8 enter into such customary agreements (including an underwriting agreement in customary form) and take all such other actions as
such Stockholder reasonably requests (and subject to its reasonable approval) in order to expedite or facilitate the disposition of such shares; and 

                4.3.9 make available for inspection by such Stockholder, by any underwriter participating in any distribution pursuant to such
registration statement, and by any attorney, accountant or other agent retained by such Stockholder or by any such underwriter, all financial and other records, pertinent corporate documents, and
properties (other than confidential intellectual property) of the Company. 

        4.4.  Holdback Agreement  

                If requested by the Company or the representatives of the underwriters of Equity Securities of the Company, each Stockholder shall not
sell or otherwise transfer
or dispose of any Equity Securities of the Company held by such Stockholder (other than those included in a registration, if applicable) for a period specified by the representative of the
underwriters, which period shall not exceed one hundred eighty (180) days following the effective date of a registration statement of the Company filed under the Act,  provided that all directors
and executive officers of the Company enter into similar agreements. Each Stockholder agrees to execute and deliver such
other agreements as may reasonably be requested by the Company or the underwriter that are consistent with the foregoing or that are necessary to give further effect thereto. The obligations described
in this Section 4.4 shall not apply to a registration relating solely to employee benefit plans on Form S-1 or
Form S-8 or similar forms. The Company may impose stop-transfer instructions with respect to the Equity Securities subject to the foregoing restrictions, not to exceed a
one hundred eighty (180) day period. 

        4.5.  Registration Expenses  

                4.5.1. Stockholder Expenses  

                If, pursuant to Section 4.1 or 4.2
hereof, shares of
Common Stock owned by any Stockholder are included in a registration statement, then such Stockholder shall pay all transfer taxes, if any, relating to the sale of its shares, the fees and expenses of
its own counsel (other than the one counsel provided for in Section 4.5.2.), and its pro rata portion of any underwriting discounts or
commissions or the equivalent thereof. 

                4.5.2. Company Expenses  

                Except for the fees and expenses specified in Section 4.5.1 hereof and except as
provided below in this  Section 4.5.2, the Company shall pay all expenses incident to the registration and to the Company's performance of or compliance with this
Agreement, including, without limitation, all registration and filing fees, fees and expenses of compliance with securities or blue sky laws, underwriting discounts, fees and expenses (other than such
Stockholder's pro rata portion of any underwriting discounts or commissions or the equivalent thereof), the expenses and fees for listing the securities to be registered on exchanges on which similar
securities issued by the Company are then listed, printing expenses, messenger and delivery expenses, internal expenses of the Company (including, without limitation, all salaries and expenses of its
officers and employees performing legal or accounting duties), fees and expenses of counsel for the Company and all independent certified public accountants and other persons retained by the Company
and fees and expenses of one counsel to represent all Stockholders participating in the registration. 

   
                4.5.3. Indemnity  

                In the event that any shares of Common Stock owned by a Stockholder are sold by means of a registration statement pursuant to 
Section 4.1 or 4.2 hereof, the Company agrees to indemnify and hold harmless such Stockholder,
each of its officers and directors, and each person, if any, who controls or may control such Stockholder within the meaning of the Act from and against all demands, claims, actions or causes of
action, assessments, losses, damages, liabilities, costs, and expenses (including, without limitation, interest, penalties, and reasonable attorneys' fees and disbursements) (hereinafter referred to
in this Section 4.5.3 in the singular as a "claim" and in the plural as "claims") asserted against, resulting from, imposed upon or incurred by
such indemnified person, directly or indirectly, based upon, arising out of or resulting from any untrue statement of a material fact contained in the registration statement or any omission to state
therein a material fact necessary to make the statements made therein, in the light of the circumstances under which they were made, not misleading, except insofar as such claim is based upon, arises
out of or results from information furnished in writing to the Company by such Stockholder for use in connection with the registration statement. Such Stockholder agrees to indemnify and hold harmless
the Company, its officers and directors, and each person, if any, who controls or may control the Company within the meaning of the Act from and against all claims asserted against, resulting to,
imposed upon or incurred by such indemnified person, directly or indirectly, based upon, arising out of or resulting from any untrue statement of a material fact contained in the registration
statement or any omission to state therein a material fact necessary in order to make the statement made therein, in the light of the circumstances under which they were made, not misleading, to the
extent that such claim is based upon, arises out of or results from information furnished in writing to the Company by such Stockholder for use in connection with the registration statement. The
indemnifications set forth herein shall be in addition to any liability the Company or such Stockholder may otherwise have to the indemnified persons. Promptly after actually receiving definitive
notice of any claim in respect of which an indemnified person may seek indemnification under this Section 4.5.3, such indemnified person shall
submit written notice thereof to the indemnifying person under this Section 4.5.3. The failure of such indemnified person so to notify such
indemnifying person of any such claim shall not relieve the indemnifying person from any liability it may have hereunder except to the extent that (i) such liability was caused or increased by
such failure or (ii) the ability of the indemnifying person to reduce such liability was materially adversely affected by such failure. In addition, the failure of the indemnified person so to
notify the indemnifying person of any such claim shall not relieve the indemnifying person from any liability it may have otherwise than hereunder. The indemnifying person shall have the right to
undertake, by counsel or representatives of its own choosing, the defense, compromise or settlement (without admitting liability of the indemnified person) of any such claim asserted, such defense,
compromise or settlement to be undertaken at the expense and risk of the indemnifying person, and the indemnified person shall have the right to engage separate counsel, at its own expense, whom
counsel for the indemnifying person shall keep informed and consult with in a reasonable manner. In the event the indemnifying person shall elect not to undertake such defense by its own
representatives, the indemnifying person shall give prompt written notice of such election to the indemnified person, and the indemnified person shall undertake the defense, compromise or settlement
(without admitting liability of the indemnified person) thereof on behalf of and for the account and risk of the indemnifying person by counsel or other representatives
designated by the indemnified person. In the event that any claim shall arise out of a transaction or cover any period or periods wherein the Company and such Stockholder shall each be liable
hereunder for part of the liability or obligation arising therefrom, then the parties shall, each choosing its own counsel and bearing its own expenses, defend such claim, and no settlement or
compromise of such claim may be made without the joint consent or approval of the Company and such Stockholder. Notwithstanding the foregoing, no indemnifying person shall be obligated hereunder with
respect to amounts paid in settlement of any claim if such settlement is effected without the consent of such indemnifying person (which consent shall not be unreasonably withheld).

 

        4.6.  Termination of Registration Rights  

                Except with respect to registrations previously requested or in process, the registration rights set forth in Section 4.1  and 4.2 shall terminate as to any Equity Securities that become (i) eligible for sale in compliance with
Rule 144(k) under the Act (or any similar rule then in force) or (ii) otherwise eligible for sale and saleable within any consecutive three (3) month period pursuant to
Rule 144. 

5.    PREEMPTIVE RIGHTS  

        5.1.  Preemptive Rights  

                5.1.1 Securities Exempt from Preemptive Rights. In the event that the Company shall sell or
issue shares of
Common Stock or any convertible securities, including, without limitation, options, warrants, preferred stock and debt securities that are by their terms convertible into or exchangeable or
exercisable for Common Stock, to any Person, each Sponsor Stockholder shall have the preemptive right to purchase or subscribe to the purchase its pro rata share of such security on the same terms and
conditions as such stock is being offered and sold, such subscription being conditioned upon the actual sale of such security; provided, however, that
such preemptive right shall not extend to shares of capital stock if such shares are to be issued by the Company (i) pursuant to the acquisition of stock or assets of another entity or business
segment of any such entity, provided that such securities are issued to the owners of such acquired stock or assets, (ii) pursuant to stock
option plans, employee stock purchase plans, or other employee benefit plans established exclusively for compensatory purposes, which plans are approved by the shareholders of the Company,
(iii) under a plan of reorganization approved in a proceeding under any applicable act of Congress relating to the reorganization of corporations, (iv) upon conversion of or exercise of
convertible securities, warrants or options, (v) pursuant to a public offering registered with the SEC under the provisions of the Act, (vi) in connection with any stock split, stock
dividend or recapitalization of the Company, (vii) in connection with bona fide corporate partnering transactions or other bona fide strategic transactions on terms approved by the board of
directors of the Company, the primary purpose of which are not to raise capital for the Company, (viii) in connection with obtaining lease financing, whether issued to a lessor, guarantor or
other person if such issuance is approved by the board of directors of the Company, (ix) pursuant to the transactions contemplated by the Exchange Agreement or (x) to one or more of the
Stockholders pursuant to Section 5.1.3 below. 

                5.1.2 Right of Sponsor Stockholders. Written notice specifying the contemplated date the new securities are to be sold and the offering
terms thereof shall be delivered by the Company to each of the Sponsor Stockholders no later than thirty (30) days or earlier than sixty (60) days prior to such contemplated sale date of
the stock or securities, and each such Sponsor Stockholder shall have until ten (10) days prior to the contemplated sale date specified in such notice to inform the Company of its intentions as
to the exercise of the preemptive right provided hereunder. If no written reply is received by the Company on or prior to the tenth (10th) day before the contemplated sale date specified
in such notice, the Company may treat the preemptive right of such non-responding Sponsor Stockholder to have been waived for that, but only for that, transaction,  provided the referenced sale take
place no later than fifteen (15) days after the contemplated sale date specified in such notice. Any securities
sold by the Company after such fifteen (15) day period are subject to the preemptive rights of the Sponsor Stockholders pursuant to the terms of  Section 5.1.1. 

                5.1.3 Right of Non-Sponsor Stockholders. In the event that any Sponsor Stockholder exercises its preemptive rights to
purchase securities pursuant to Sections 5.1.1 and 5.1.2 above, then, following the consummation
of such purchase, each Non-Sponsor Stockholder shall have the preemptive right to purchase or subscribe to the purchase of its pro rata share of such security on the same terms as such
security was offered and sold to any Sponsor Stockholder in accordance with this Section 5.1.3. Written notice specifying the new securities sold
and the offering terms thereof shall be delivered by the

  
Company to each of the Non-Sponsor Stockholders no later than thirty (30) days following the consummation of the purchase by any Sponsor Stockholder, and each such
Non-Sponsor Stockholder shall have ten (10) days following the notice delivery date to inform the Company of its intentions as to the exercise of the preemptive right provided
hereunder. If no written reply is received by the Company on or prior to the tenth (10th) day following the notice delivery date, the Company may treat the preemptive right of such
non-responding Non-Sponsor Stockholder to have been waived for that, but only for that, transaction. 

                5.1.4 Sufficient Authorized Stock. The Company covenants that prior to the sending of the notice of proposed sale to the Stockholders
pursuant to this Section 5, the Company will have sufficient authorized and unissued stock to meet all possible preemptive requests as may be
forthcoming based on such notice. 

                5.1.5 Pro Rata Share. A Stockholder's pro rata share, for purposes of this  Section 5, is the ratio of the number of shares of Common Stock owned by such
Stockholder immediately prior to such issuance, assuming conversion
and exercise of all convertible securities, rights, warrants and options held by such Stockholder, to the total number of shares of Common Stock outstanding immediately prior to such issuance,
assuming full conversion of any preferred stock of the Company and exercise of all
outstanding convertible securities, rights, options and warrants to acquire Common Stock of the Company (whether or not such securities are vested, unvested, in the money or underwater) of all
Stockholders. 

6.    REPRESENTATIONS AND WARRANTIES  

        6.1.  Representations and Warranties of Non-Individual Stockholders  

                Each Stockholder that is a corporation, partnership, limited liability company, business trust or trust hereby represents and warrants to
the Company and to each
other Stockholder as follows: 

                6.1.1. Organization and Standing  

                Such Stockholder is duly organized, validly existing, and in good standing under the laws of the jurisdiction in which it is organized.
Such Stockholder has the
corporate, partnership, limited liability company, business trust or trust power and authority to enter into this Agreement and to consummate the transactions contemplated hereby. 

                6.1.2. Authorization  

                Such Stockholder has taken all corporate, partnership, limited liability company, business trust or trust action necessary for it to enter
into this Agreement
and to consummate the transactions contemplated hereby. 

                6.1.3. Absence of Violation  

                Neither the execution and delivery of this Agreement, or of any document or instrument to be executed and delivered by such Stockholder
pursuant hereto, nor the
consummation of the transactions contemplated hereby and thereby will constitute a violation of, or default under, or conflict with, or require any consent under (other than a violation or default
that has been waived or a consent that has been obtained), any term or provision of the certificate or articles of incorporation or bylaws, partnership agreement, or certificate or articles of
formation or limited liability company agreement or
trust agreement of such Stockholder or any contract, commitment, indenture, lease, or other agreement to which such Stockholder is a party or by which such Stockholder or any of its assets is bound. 

                6.1.4. Binding Obligation  

                This Agreement constitutes a valid and binding obligation of such Stockholder, enforceable in accordance with its terms, except to the
extent that such
enforceability may be limited by bankruptcy,

  
insolvency, and similar laws affecting the rights and remedies of creditors generally, and by general principles of equity and public policy; and each document and instrument to be executed by such
Stockholder pursuant hereto, when executed and delivered in accordance with the provisions hereof, shall be a valid and binding obligation of such Stockholder, enforceable in accordance with its terms
(with the aforesaid exceptions). 

        6.2.  Representations and Warranties of Individual Stockholders  

                Each Stockholder who is an individual hereby represents and warrants to the Company and each other Stockholder as follows: 

                6.2.1. Power and Authority  

                Such Stockholder has the legal capacity and all other necessary power and authority to enter into this Agreement and to consummate the
transactions contemplated
hereby. 

                6.2.2. Absence of Violation  

                Neither the execution and delivery of this Agreement, or of any document or instrument to be executed and delivered by such Stockholder
pursuant hereto, nor the
consummation of the transactions contemplated hereby and thereby will constitute a violation of, or default under, or conflict with, or require any consent under (other than a violation or default
that has been waived or a consent that has been obtained), any term or provision of any contract, commitment, indenture, lease, or other agreement to which such Stockholder is a party or by which such
Stockholder or any of his or her assets is bound. 

                6.2.3. Binding Obligation  

                This Agreement constitutes a valid and binding obligation of such Stockholder, enforceable in accordance with its terms, except to the
extent that such
enforceability may be limited by bankruptcy, insolvency, and similar laws affecting the rights and remedies of creditors generally, and by general principles of equity and public policy; and each
document and instrument to be executed by such Stockholder pursuant hereto, when executed and delivered in accordance with the provisions hereof, shall be a valid and binding obligation of such
Stockholder, enforceable in accordance with its terms (with the aforesaid exceptions). 

        6.3.  Representations and Warranties of the Company  

                The Company hereby represents and warrants to each Stockholder as follows: 

                6.3.1. Organization and Standing  

                The Company is a corporation duly organized, validly existing, and in good standing under the laws of Delaware. The Company has the
corporate power and authority
to enter into this Agreement and to consummate the transactions contemplated hereby. 

                6.3.2. Authorization  

                The Company has taken all corporate action necessary for it to enter into this Agreement and to consummate the transactions contemplated
hereby. 

                6.3.3. Absence of Violation  

                Neither the execution and delivery of this Agreement, or of any document or instrument to be executed and delivered by the Company
pursuant hereto, nor the
consummation of the transactions contemplated hereby and thereby will constitute a violation of, or default under, or conflict with, or require any consent under (other than a violation or default
that has been waived or a consent that has been obtained), any term or provision of the certificate of incorporation or bylaws of the Company or

  
any contract, commitment, indenture, lease, or other agreement to which the Company is a party or by which the Company or any of its assets is bound. 

                6.3.4. Binding Obligation  

                This Agreement constitutes a valid and binding obligation of the Company, enforceable in accordance with its terms, except to the extent
that such enforceability
may be limited by bankruptcy, insolvency, and similar laws affecting the rights and remedies of creditors generally, and by general principles of equity and public policy; and each document and
instrument to be executed by the Company pursuant hereto, when executed and delivered in accordance with the provisions hereof, shall be a valid and binding obligation of the Company, enforceable in
accordance with its terms (with the aforesaid exceptions). 

                6.3.5. No Other Representations or Warranties.  

                The Company and each Stockholder hereby acknowledge that no party hereto has made any representation or warranty as to the transactions
contemplated by this
Agreement, the business or prospects of the Company, or any other matter, except for the representations and warranties expressly set forth in this Agreement, including the Exhibits and Appendices
hereto. The Company and each Stockholder further acknowledge that, in entering into the transactions contemplated by this Agreement, they have not relied on any representation or warranty by any party
other than the representations and warranties expressly set forth in this Agreement, including the Exhibits and Appendices hereto. 

7.    COVENANTS  

        7.1.  Affiliate Transactions  

                So long as Anschutz, any Anschutz Affiliate, Oaktree or any Oaktree Affiliate holds any Equity Securities, the Company will not without
the prior approval of
each of Anschutz and Oaktree, enter into or engage in, or permit any of its subsidiaries to enter into or engage in, any transaction or series of related transactions with any Stockholder or any
Affiliate of any Stockholder, unless such transaction is on terms no less favorable to the Company or its subsidiaries than those that would have been obtainable at that time in an
arms-length transaction with an unaffiliated or uninterested party. 

        7.2.  Consultation Rights  

                So long as Anschutz, any Anschutz Affiliate, Oaktree or any Oaktree Affiliate hold any Equity Securities, each of the foregoing shall be
entitled to: 

        (i)    to
discuss the business operations, properties, financial and other conditions, and plans and prospects of the Company with any director, senior executive officer or
other authorized officer of the Company designated by the board of directors of the Company, and upon reasonable notice to the Company, with any director, senior executive officer or other authorized
officer of any subsidiary of the Company; 

        (ii)  to
submit suggestions from time to time to the management of the Company with the requirement that one or more senior executive officers of the Company shall discuss
such suggestions with the Person submitting such suggestions within a reasonable period of time after such submission; and 

        (iii)  to
meet with one or more senior executive officers of the Company, at reasonable times and on reasonable notice in order to discuss any suggestions made under
(ii) above or for other purposes. 

                The
rights granted to Anschutz, any Anschutz Affiliate, Oaktree and any Oaktree Affiliate hereunder are not in substitution for, and shall not be deemed to be in limitation of, any
rights

  
otherwise available to any of the foregoing as holders of any securities of the Company. In addition, the Company shall require any successor (whether direct or indirect, by purchase, merger,
consolidation or otherwise) to all or substantially all of the business and or assets of the Company to expressly assume and agree to perform the covenants contained in this  Section 7.2 in the same
manner and to the same extent that the Company would have been required to perform if no succession had taken place.
 

8.    DEFINITIONS  

                Capitalized
terms used in this Agreement shall have the meaning ascribed to them as follows: 

                "Acquisition
Offer" shall have the meaning ascribed to that term in Section 3.2. 

                "Act"
shall mean the Securities Act of 1933, as amended. 

                "Affiliate"
shall mean with respect to any Person, any other Person that, directly or indirectly, controls, is controlled by or is under common control with such Person. For purposes of
the foregoing, "control" when used with respect to any Person, means the possession, directly or indirectly, of the power to direct or cause the direction of the management or policies of such Person,
whether through the ownership of voting securities, by contract or otherwise, and the terms "controlled" and "controlling" shall have meanings correlative to the foregoing. 

                "Agreement"
shall mean this Stockholders Agreement. 

                "Anschutz"
shall have the meaning ascribed to that term in the introductory paragraph of this Agreement. 

                "Anschutz
Affiliates" means (i) Anschutz and any company, joint venture, limited liability company, association or partnership of which Anschutz is a shareholder, member, manager
or general partner, as the case may be or (ii) any Person that, directly or indirectly, controls, is controlled by or is under common control with Anschutz. For purposes of the foregoing,
"control" when used with respect to any Person, means the possession, directly or indirectly, of the power to direct or cause the direction of the management or policies of such Person, whether
through the ownership of voting securities, by contract or otherwise, and the terms "controlled" and "controlling" shall have meanings correlative to the foregoing. 

                "Anschutz
Director" shall have the meaning ascribed to that term in Section 1.1.2 of this Agreement. 

                "Campbell"
shall have the meaning ascribed to that term in Section 1.1.2 of this Agreement. 

                "Class A
Common Stock" shall mean the common stock of the Company designated Class A, par value $0.001 per share. 

                "Class B
Common Stock" shall mean the common stock of the Company designated Class B, par value $0.001 per share. 

                "Common
Stock" shall mean the Class A Common Stock and the Class B Common Stock. 

                "Company"
shall have the meaning ascribed to that term in the introductory paragraph of this Agreement. 

                "Control
Offeror" shall have the meaning ascribed to that term in Section 3.1 of this Agreement. 

                "Effective
Date" shall have the meaning ascribed to that term in the introductory paragraph of this Agreement.

 

                "Equity
Securities" shall mean any share of any class or series of capital stock of the Company or any right or option to acquire any share of capital stock of the Company and shall
include the Common Stock. 

                "Hall"
shall have the meaning ascribed to that term in Section 1.1.2 of this Agreement. 

                "Initial
Public Offering" shall mean the first public sale of any securities of the Company pursuant to a registration statement filed and declared effective by the Securities and
Exchange Commission under the Act, involving aggregate proceeds to the Company of at least $50,000,000. 

                "Majority
Interest" shall have the meaning ascribed to that term in Section 3.1 of this Agreement. 

                "Oaktree"
shall have the meaning ascribed to that term in the introductory paragraph of this Agreement. 

                "Oaktree
Affiliates" means (i) Oaktree and any company, joint venture, limited liability company, association or partnership of which Oaktree is a shareholder, member, manager or
general partner, as the case may be or (ii) any Person that, directly or indirectly, controls, is controlled by or is under common control with Oaktree. For purposes of the foregoing, "control"
when used with respect to any Person, means the possession, directly or indirectly, of the power to direct or cause the direction of the management or policies of such Person, whether through the
ownership of voting securities, by contract or otherwise, and the terms "controlled" and "controlling" shall have meanings correlative to the foregoing. 

                "Oaktree
Director" shall have the meaning ascribed to that term in Section 1.1.2 of this Agreement. 

                "Offer"
shall have the meaning ascribed to that term in Section 2.3.2 of this Agreement. 

                "Offer
Period" shall have the meaning ascribed to that term in Section 2.3.3 of this Agreement. 

                "Offer
Response" shall have the meaning ascribed to that term in Section 2.3.3 of this Agreement. 

                "Offeree"
shall have the meaning ascribed to that term in Sections 2.3.2 and 2.3.3  of this Agreement. 

                "Offeree
Stockholder" shall have the meaning ascribed to that term in Section 3.1 of this Agreement. 

                "Non-Sponsor
Stockholder" shall mean any person or entity named as such on the signature pages of this Agreement or on Appendix I  attached hereto, as such Appendix may be modified from time to time.

                "Permitted
Transfer" shall mean: (i) a pledge, grant of security interest or other encumbrance effected in a bona fide transaction with an unrelated and unaffiliated pledgee,
under a written pledge agreement that assures that, before any foreclosure may be had thereon, the pledgee shall first notify the Offerees of its intent to foreclose and shall first offer the shares
subject to such foreclosure to the Offerees pursuant to Section 2.3, at the price and on the other terms and conditions specified in a written
offer from a prospective purchaser (which may be the pledgee), in connection with such foreclosure; (ii) a Transfer to members of transferor's immediate family, or to trustees or custodians for
their benefit, (iii) any Transfer between and among Anschutz, the Anschutz Affiliates and any officer, director or employee of Anschutz or any Anschutz Affiliate, (iv) any Transfer
between and among Oaktree and the Oaktree Affiliates or (v) any Transfer between and among Anschutz and the Anschutz Affiliates and Oaktree and the Oaktree Affiliates. For purposes of this
Agreement, "immediate family"

  
shall be deemed to include only the transferor's spouse, children and grandchildren, including children or grandchildren by adoptive relationships. 

                "Person"
means a corporation, trust, limited liability company, association, partnership, joint venture, organization, business, individual, government (or subdivision thereof),
governmental agency or other legal entity. 

                "Purchasing
Offeree" shall have the meaning ascribed to that term in Section 2.3.3 of this Agreement. 

                "Slater"
shall have the meaning ascribed to that term in the introductory paragraph of this Agreement. 

                "Sponsor
Stockholder" shall mean any person named as such on the signature pages of this Agreement or on Appendix I attached
hereto, as such Appendix I may be modified from time to time. 

                "Stockholder"
shall have the meaning ascribed to that term in the introductory paragraph of this Agreement. 

                "Stockholder
Director" shall have the meaning ascribed to that term in Section 1.1.2 of this Agreement. 

                "Stockholder
Nominee" shall have the meaning ascribed to that term in Section 1.1.2 of this Agreement. 

                "Tag
Offer" shall have the meaning ascribed to that term in Section 3.1 of this Agreement. 

                "Third
Party Offer" shall have the meaning ascribed to that term in Section 2.3.1 of this Agreement. 

                "Transfer"
shall have the meaning ascribed to that term in Section 2.2 of this Agreement. 

                "Transferor"
shall have the meaning ascribed to that term in Section 2.3.1 of this Agreement 

9.    MISCELLANEOUS  

        9.1.  Legend  

                The certificates or other evidence representing the Equity Securities shall bear a legend in substantially the following form: 

"The
shares represented by this certificate have not been registered under the Securities Act of 1933 (the "Act") or state securities laws and cannot be offered, sold or otherwise transferred in the
absence of registration or the availability of an exemption from registration under the Act and regulations promulgated thereunder and applicable state securities laws. The voting rights with respect
to, and transfer, sale or other disposition of the securities represented by this certificate are restricted by and subject to the provisions of a Stockholders' Agreement effective as of
                            , 2002 among the Company and certain of the Company's Stockholders, as the same
may be amended from time to time. A copy of such Stockholders' Agreement is available for
inspection at the offices of the Company." 

        9.2.  Additional Actions and Documents  

                Each of the parties hereto hereby agrees to take or cause to be taken such further actions, to execute, deliver and file or cause to be
executed, delivered and
filed such further documents and instruments, and to obtain such consents, as may be necessary or as may be reasonably requested in order to fully effectuate the purposes, terms and conditions of this
Agreement. 

   
        9.3.  Expenses  

                Each party shall pay his or its own expenses incident to the preparation and negotiation of this Agreement and the transactions
contemplated hereunder, including
all legal and accounting fees and disbursements, except as expressly set forth in Section 4.5 hereof or in any other provision of this Agreement. 

        9.4.  Assignment  

                Neither the Company nor any Stockholder shall assign this Agreement, in whole or in part, whether by operation of law or otherwise,
(a) unless such person
shall have obtained the prior written consent of all the other parties or (b) unless and to the extent that such assignment is in connection with a Transfer of Equity Securities described in
clauses (ii), (iii), (iv) or (v) of the definition of Permitted Transfer or as permitted pursuant to Section 2.3.3. Any purported
assignment of this Agreement contrary to the terms hereof shall be null and void and of no force and effect. 

        9.5.  Entire Agreement; Amendment  

                This Agreement, including the Appendices and Exhibits hereto and other writings referred to herein or delivered pursuant hereto,
constitutes the entire agreement
among the parties hereto with respect to the matters addressed herein, and it supersedes all prior oral or written agreements, commitments or understandings with respect to the matters provided for
herein. No amendment, modification or discharge of this Agreement shall be valid or binding unless set forth in writing and duly executed by the Company and (i) holders of at least a majority
of the voting power of the shares of Equity Securities then held by Anschutz or any Anschutz Affiliate and holders of at least a majority of the voting power of the shares of Equity Securities then
held by Oaktree or any Oaktree Affiliate; provided, however, that if, collectively, Anschutz, any Anschutz Affiliate, Oaktree and any Oaktree Affiliate
hold less than 33% of the voting power of all of the shares of Equity Securities held by all Stockholders, then (ii) holders of at least seventy five percent (75%) of the voting power of all
shares of Equity Securities held by the Stockholders. Notwithstanding the foregoing provisions of Section 9.5, no provision of this Agreement
(including, without limitation, the provisions of this Section 9.5) may be waived or amended in any manner that would materially and adversely
affect the rights of any Non-Sponsor Stockholder without the written consent of such affected Non-Sponsor Stockholder. Any amendment or waiver effected in accordance with this  Section 9.5 shall be
binding upon each holder of any Equity Securities 

        9.6.  Waiver  

                No delay or failure on the part of any party hereto in exercising any right, power or privilege under this Agreement or under any other
instruments given in
connection with or pursuant to this Agreement shall impair any such right, power or privilege or be construed as a waiver of any default or any acquiescence therein. No single or partial exercise of
any such right, power or privilege shall preclude the further exercise of such right, power or privilege, or the exercise of any other right, power or privilege. No waiver shall be valid against any
party hereto unless made in writing and signed by the party against whom enforcement of such waiver is sought and then only to the extent expressly specified therein. 

        9.7.  Limitation on Benefit  

                It is the explicit intention of the parties hereto that no person or entity other than the parties hereto is or shall be entitled to bring
any action to enforce
any provision of this Agreement against any of the parties hereto, and the covenants, undertakings and agreements set forth in this Agreement shall be solely for the benefit of, and shall be
enforceable only by, the parties hereto or their respective successors, heirs, executors, administrators, legal representatives and permitted assigns. 

        9.8.  Binding Effect

  

                This Agreement shall be binding upon and shall inure to the benefit of the parties hereto and their respective successors, heirs,
executors, administrators,
legal representatives and permitted assigns. 

        9.9.  Termination  

                This Agreement shall automatically terminate as to any Stockholder who is or who becomes subject to this Agreement when such Stockholder
ceases to own any Equity
Securities or any interest therein and such Stockholder shall thereafter have no rights or obligations hereunder, provided, that any Transfer of Equity
Securities by any Stockholder in breach of this Agreement shall not relieve such Stockholder of liability for such breach. The provisions of Articles 1,  2,
3 and 5 shall automatically and irrevocably terminate
on the occurrence of any of the following events: (i) the voluntary or involuntary dissolution of the Company; (ii) the consummation of an Initial Public Offering by the Company; or
(iii) an acquisition, consolidation, or merger of the Company into or with another corporation that results in
the Stockholders owning publicly traded securities. If on or prior to the third (3rd) anniversary of the Effective Date the rights and obligations of the parties under  Article 2 have not
terminated in accordance with the immediately preceding sentence, then such obligations set forth in  Section 2.3.1(i)(b) shall automatically and irrevocably terminate with respect to Oaktree and
any Oaktree Affiliate. 

        9.10.  Governing Law  

                This Agreement, the rights and obligations of the parties hereto, and any claims or disputes relating thereto, shall be governed by and
construed in accordance
with the laws of Delaware (excluding the choice of law rules thereof). 

        9.11.  Notices  

                All notices, demands, requests, or other communications that may be or are required to be given, served, or sent by any party to any other
party pursuant to this
Agreement shall be in writing and shall be hand-delivered, mailed by first-class, registered or certified mail, return receipt requested, postage prepaid, sent by FedEx or other reputable
overnight courier service or transmitted by telegram, telecopy, facsimile transmission or telex, addressed as follows: 

	 	 	(i)	 	If to the Company:
	

 	
 	

 	
 	

Regal Entertainment Group

7132 Mike Campbell Drive

Knoxville, TN 37918

Attention: President
	

 	
 	

 	
 	

and to
	

 	
 	

 	
 	

Regal Entertainment Group

7132 Mike Campbell Drive

Knoxville, TN 37918

Attention: General Counsel
	

 	
 	

with a copy (which shall not constitute notice) to:
	

 	
 	

 	
 	

The Anschutz Corporation

555 17th Street, Suite 2400

Denver, CO 80202

Attention: Michael F. Bennet
	
 	
 	

 	
 	

 

 

	

 	
 	

 	
 	

and to
	

 	
 	

 	
 	

Hogan & Hartson L.L.P.

One Tabor Center, Suite 1500

1200 Seventeenth Street

Denver, CO 80202

Attention: Christopher J. Walsh
	

 	
 	

(ii)	
 	

If to a Stockholder:
	

 	
 	

 	
 	

To such Stockholder's address on Appendix I hereto.

Each
party may designate by notice in writing a new address to which any notice, demand, request or communication may thereafter be so given, served or sent. Each notice, demand, request, or
communication that shall be hand-delivered, mailed, overnighted, transmitted, telecopied or telexed in the manner described above, or that shall be delivered to a telegraph company, shall
be deemed sufficiently given, served, sent, received or delivered for all purposes at such time as it is delivered to the addressee (with the return receipt, the delivery receipt, or the answerback
being deemed conclusive, but not exclusive, evidence of such delivery) or at such time as delivery is refused by the addressee upon presentation. 

        9.12.  Headings  

                Article and Section headings and the table of contents contained in this Agreement are inserted for convenience of reference
only, shall not be
deemed to be a part of this Agreement for any purpose, and shall not in any way define or affect the meaning, construction or scope of any of the provisions hereof. 

        9.13.  Execution in Counterparts  

                To facilitate execution, this Agreement may be executed in as many counterparts as may be required; and it shall not be necessary that the
signatures of, or on
behalf of, each party, or that the signatures of all persons required to bind any party, appear on each counterpart; but it shall be sufficient that the signature of, or on behalf of, each party
appear on one or more of the counterparts. All counterparts shall collectively constitute a single agreement. It shall not be necessary in making proof of this Agreement to produce or account for more
than a number of counterparts containing the respective signatures of, or on behalf of, all of the parties hereto. 

[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]  

 

                IN
WITNESS WHEREOF, the undersigned have duly executed this Agreement, or have caused this Agreement to be duly executed on their behalf, as of the day and year first hereinabove set
forth. 

	

 	
 	
REGAL ENTERTAINMENT GROUP
	

 	
 	

By:	
 	

/s/  PETER BRANDOW      

	 	 	 	 	Name:	 	Peter Brandow

	 	 	 	 	Title:	 	

Executive Vice President, General Counsel and Secretary

	

 	
 	
Anschutz Investment Group LLC
	

 	
 	

 	
 	

By:	
 	

Anschutz Investment Fund, LP, its preferred member
	

 	
 	

 	
 	

By:	
 	

Anschutz Company, its general partner
	

 	
 	

By:	
 	

/s/  CRAIG D. SLATER      

	 	 	 	 	Name:	 	Craig D. Slater

	 	 	 	 	Title:	 	Executive Vice President

	

 	
 	

/s/  CRAIG D. SLATER      
Craig D. Slater
	 	 	Spousal Consent:
	 	 	I acknowledge that I have read the foregoing Agreement and hereby consent to Craig D. Slater entering into and agreeing to be bound by the terms thereof
	

 	
 	

/s/  COLLEEN SLATER      

 

	

 	
 	
OCM Principal Opportunities Fund II, L.P.
	

 	
 	

 	
 	

By:	
 	

Oaktree Capital Management, LLC, its general partner
	

 	
 	

By:	
 	

/s/  STEPHEN KAPLAN      

	 	 	 	 	Name:	 	Stephen Kaplan

	 	 	 	 	Title:	 	Principal

	

 	
 	

By:	
 	

/s/  B. JAMES FORD      

	 	 	 	 	Name:	 	B. James Ford

	 	 	 	 	Title:	 	Managing Director

	

 	
 	
GSCP Recovery, Inc.
	

 	
 	

By:	
 	

/s/  ROBERT HAMWEE      

	 	 	 	 	Name:	 	Robert Hamwee

	 	 	 	 	Title:	 	Managing Director

	

 	
 	
LBI Group, Inc.
	

 	
 	

By:	
 	

/s/  JEFF GOODWIN      

	 	 	 	 	Name:	 	Jeff Goodwin

	 	 	 	 	Title:	 	Vice President

	

 	
 	
The Tudor BVI Global Portfolio Ltd.
	

 	
 	

By:	
 	

/s/  CHRISTOPHER P. KANE      

	 	 	 	 	Name:	 	Christopher P. Kane

	 	 	 	 	Title:	 	Vice President

	

 	
 	
Tudor Proprietary Trading, L.L.C.
	

 	
 	

By:	
 	

/s/  CHRISTOPHER P. KANE      

	 	 	 	 	Name:	 	Christopher P. Kane

	 	 	 	 	Title:	 	Vice President

 

	

 	
 	
Putnam High Yield Trust

Putnam High Yield Advantage Fund

Putnam Variable Trust-Putnam VT High Yield Fund

Putnam Master Income Trust

Putnam Premier Income Trust

Putnam Master Intermediate Income Trust

Putnam Diversified Income Trust

Putnam Funds Trust-Putnam High Yield Trust II

Putnam Strategic Income Fund

Putnam Variable Trust-Putnam VT Diversified Income Fund

Travelers Series Fund Inc.-Putnam Diversified Income Portfolio
	

 	
 	

By:	
 	

Putnam Investment Management, LLC
	

 	
 	

By:	
 	

/s/  JOHN R. VERANI      

	 	 	 	 	Name:	 	John R. Verani

	 	 	 	 	Title:	 	Senior Vice President

	

 	
 	
Putnam High Yield Fixed Income Fund, LLC

Putnam High Yield Managed Trust
	

 	
 	

By:	
 	

Putnam Fiduciary Trust Company
	

 	
 	

By:	
 	

/s/  JOHN R. VERANI      

	 	 	 	 	Name:	 	John R. Verani

	 	 	 	 	Title:	 	Senior Vice President

	

 	
 	

/s/  W. JAMES EDWARDS III      
W. James Edwards III
	 	 	Spousal Consent:
	 	 	I acknowledge that I have read the foregoing Agreement and hereby consent to W. James Edwards III entering into and agreeing to be bound by the terms thereof
	

 	
 	

/s/  PATRICIA D. EDWARDS      
 Patricia D. Edwards

 

	

 	
 	

/s/  PATRICIA D. EDWARDS      
Patricia D. Edwards
	 	 	Spousal Consent:
	 	 	I acknowledge that I have read the foregoing Agreement and hereby consent to Patricia D. Edwards entering into and agreeing to be bound by the terms thereof
	

 	
 	

/s/  W. JAMES EDWARDS III      
 W. James Edwards III

   APPENDIX I

STOCKHOLDERS  

SPONSOR STOCKHOLDERS  

Anschutz
Investment Group LLC

c/o The Anschutz Corporation

555 17th Street, Suite 2400

Denver, CO 80202 

Craig
D. Slater

c/o The Anschutz Corporation

555 17th Street, Suite 2400

Denver, CO 80202 

OCM
Principal Opportunities Fund II, L.P.

333 South Grand Avenue, 28th Floor

Los Angeles, CA 90071 

NON-SPONSOR STOCKHOLDERS  

W.
James Edwards III and Patricia D. Edwards

25 Heritage Lane

Newport Beach, CA 92660 

GSCP
Recovery, Inc.

c/o GSC Partners

500 Campus Drive, Suite 220

Florham Park, NJ 07932 

LBI
Group, Inc.

c/o Lehman Brothers, Inc.

101 Hudson Street

Jersey City, NJ 07302 

Putnam
High Yield Trust

c/o Putnam Investment Management, LLC

High Yield Group

One Post Office Square, 7th Floor

Boston, MA 02109 

Putnam
High Yield Advantage Fund

c/o Putnam Investment Management, LLC

High Yield Group

One Post Office Square, 7th Floor

Boston, MA 02109 

Putnam
Variable Trust-Putnam VT High Yield Fund

c/o Putnam Investment Management, LLC

High Yield Group

One Post Office Square, 7th Floor

Boston, MA 02109 

Putnam
Master Income Trust

c/o Putnam Investment Management, LLC

High Yield Group

  
One Post Office Square, 7th Floor

Boston, MA 02109 

Putnam
Premier Income Trust

c/o Putnam Investment Management, LLC

High Yield Group

One Post Office Square, 7th Floor

Boston, MA 02109 

Putnam
Master Intermediate Income Trust

c/o Putnam Investment Management, LLC

High Yield Group

One Post Office Square, 7th Floor

Boston, MA 02109 

Putnam
Diversified Income Trust

c/o Putnam Investment Management, LLC

High Yield Group

One Post Office Square, 7th Floor

Boston, MA 02109 

Putnam
Funds Trust-Putnam High Yield Trust II

c/o Putnam Investment Management, LLC

High Yield Group

One Post Office Square, 7th Floor

Boston, MA 02109 

Putnam
Strategic Income Fund

c/o Putnam Investment Management, LLC

High Yield Group

One Post Office Square, 7th Floor

Boston, MA 02109 

Putnam
Variable Trust-Putnam VT Diversified Income Fund

c/o Putnam Investment Management, LLC

High Yield Group

One Post Office Square, 7th Floor

Boston, MA 02109 

Putnam
High Yield Fixed Income Fund, LLC

c/o Putnam Fiduciary Trust Company

High Yield Group

One Post Office Square, 7th Floor

Boston, MA 02109 

Putnam
High Yield Managed Trust

c/o Putnam Fiduciary Trust Company

High Yield Group

One Post Office Square, 7th Floor

Boston, MA 02109 

Travelers
Series Fund Inc.-Putnam Diversified Income Portfolio

c/o Putnam Investment Management, LLC

High Yield Group

  
One Post Office Square, 7th Floor

Boston, MA 02109 

The
Tudor BVI Global Portfolio Ltd.

c/o Tudor Investment Corp.

1275 King Street

Greenwich, CT 06840 

Tudor
Proprietary Trading, L.L.C.

c/o Tudor Investment Corp.

1275 King Street

Greenwich, CT 06840 

   TABLE OF CONTENTS  

	 
	 	 
	 	 
	 	Page

	1.	 	BOARD OF DIRECTORS	 	1
	 	 	1.1.	 	Board of Directors	 	1
	 	 	1.2.	 	Obligations of Transferees	 	2
	2.	 	TRANSFER OF EQUITY SECURITIES	 	2
	 	 	2.1.	 	Transfers Prohibited	 	2
	 	 	2.2.	 	Transfer; Permitted Transfer	 	2
	 	 	2.3.	 	Rights of First Refusal	 	3
	3.	 	RIGHTS AND OBLIGATIONS UPON CHANGE OF CONTROL	 	5
	 	 	3.1.	 	Obligation to Offer	 	5
	 	 	3.2.	 	Obligation to Sell	 	6
	4.	 	REGISTRATION RIGHTS	 	6
	 	 	4.1.	 	Demand Registration Rights	 	6
	 	 	4.2.	 	Piggyback Registration Rights	 	8
	 	 	4.3.	 	Registration Procedures	 	8
	 	 	4.4.	 	Holdback Agreement	 	10
	 	 	4.5.	 	Registration Expenses	 	10
	 	 	4.6.	 	Termination of Registration Rights	 	12
	5.	 	PREEMPTIVE RIGHTS	 	12
	 	 	5.1.	 	Preemptive Rights	 	12
	6.	 	REPRESENTATIONS AND WARRANTIES	 	13
	 	 	6.1.	 	Representations and Warranties of Non-Individual Stockholders.	 	13
	 	 	6.2.	 	Representations and Warranties of Individual Stockholders	 	14
	 	 	6.3.	 	Representations and Warranties of the Company	 	15
	7.	 	COVENANTS	 	16
	 	 	7.1.	 	Affiliate Transactions.	 	16
	 	 	7.2.	 	Consultation Rights.	 	16
	8.	 	DEFINITIONS	 	16
	9.	 	MISCELLANEOUS	 	19
	 	 	9.1.	 	Legend	 	19
	 	 	9.2.	 	Additional Actions and Documents	 	20
	 	 	9.3.	 	Expenses	 	20
	 	 	9.4.	 	Assignment	 	20
	 	 	9.5.	 	Entire Agreement; Amendment	 	20
	 	 	9.6.	 	Waiver	 	21
	 	 	9.7.	 	Limitation on Benefit	 	21
	 	 	9.8.	 	Binding Effect	 	21
	 	 	9.9.	 	Termination	 	21
	 	 	9.10.	 	Governing Law	 	21
	 	 	9.11.	 	Notices	 	22
	 	 	9.12.	 	Headings	 	23
	 	 	9.13.	 	Execution in Counterparts	 	23

QuickLinks

STOCKHOLDERS' AGREEMENT AMONG REGAL ENTERTAINMENT CORPORATION AND THE STOCKHOLDERS IDENTIFIED HEREIN

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