Document:

Exhibit 10.1

EXHIBIT 10.1

SS&C TECHNOLOGIES HOLDINGS, INC.

AMENDED AND RESTATED STOCK OPTION AGREEMENT

1. Grant of Option. On May 31, 2001 (the “Grant Date”), SS&C Technologies, Inc.,
a Delaware corporation, granted to William C. Stone (the “Optionee”), an option (the “Original
Option”), pursuant to the Company’s 1998 Stock Incentive Plan, as amended, to purchase an aggregate
of 150,000 shares of Common Stock, $.01 par value per share, of SS&C Technologies, Inc. at an
exercise price of $3.30 per share. On November 23, 2005, the Original Option was assumed (the
“Assumption”) by SS&C Technologies Holdings, Inc. (formerly known as Sunshine Acquisition
Corporation), a Delaware corporation (the “Company”), and automatically converted into an option
(the “Assumed Option”) for the Optionee to purchase 75,000 shares of the Company’s Common Stock,
$0.01 par value per share, at an exercise price of $6.60 per share. On March 10, 2010, the Company
effected an 8.5-for-1 split of its Common Stock, and the Assumed Option became an option to
purchase 637,500 shares of the Company’s Common Stock at an exercise price of $0.78 per share (the
“Exercise Price”). Pursuant to this Amended and Restated Stock Option Agreement, the Company and
the Optionee hereby agree that the Assumed Option shall be amended such that it becomes an option
(the “Option”) for the Optionee to purchase 637,500 shares (the “Shares”) of Class A Non-Voting
Common Stock, $0.01 par value per share, of the Company at the Exercise Price, purchasable as set
forth in, and subject to the terms and conditions of, this Option and the Company’s 1998 Stock
Incentive Plan, as amended and restated by the 2006 Amendment and Restatement (the “Plan”), which
is incorporated herein by reference. Unless earlier terminated, the Option shall expire on May 31,
2011 (the “Final Exercise Date”). Unless otherwise defined herein, the terms defined in the Plan
shall have the same defined meanings in this Option.

	o 
	 	 It is intended that this Option shall be an Incentive Stock Option
(“ISO”), as defined in Section 422 of the Internal Revenue Code of
1986, as amended, and any regulations promulgated thereunder (the
“Code”). To the extent that this Option is not an ISO it shall be
treated as a nonstatutory stock option.
	 
	þ  
	 	It is intended that this Option shall not be an incentive stock
option as defined in Section 422 of the Code.

2. Vesting Schedule.

In connection with the Assumption, the Option became fully vested and exercisable on November
23, 2005.

The right of exercise shall be cumulative so that to the extent this Option is not exercised
in any period to the maximum extent permissible it shall continue to be exercisable, in whole or in
part, with respect to all Shares for which it is vested until the earlier of the Final Exercise
Date or the termination of this Option under the provisions hereof or the Plan.

3. Exercise of Option. This Option shall be exercisable during its term in
accordance with the Vesting Schedule as follows:

(i) Right to Exercise.

(a) This Option may not be exercised for a fraction of a Share.

 

 

 

(b) In the event of the Optionee’s death or disability or if the Optionee ceases to be an
Eligible Participant (as defined below), the exercisability of this Option is governed by Sections
6 and 7 below, subject to the limitation contained in subsection 3(i)(c).

(c) In no event may this Option be exercised after the Final Exercise Date.

(ii) Method of Exercise. Unless the Company or its agents notify the Optionee of
alternate exercise procedures, each election to exercise this Option shall be in writing and shall
state the election to exercise this Option and the number of Shares with respect to which this
Option is being exercised. Such written notice shall be signed by the Optionee and shall be
delivered to the Secretary of the Company in person, by certified mail or by such other means
acceptable to the Company. The written notice shall be accompanied by payment of the Exercise
Price. This Option shall be deemed to be exercised upon receipt by the Company of such written
notice accompanied by the Exercise Price.

No Shares will be issued pursuant to the exercise of this Option unless such issuance and such
exercise shall comply with all relevant provisions of law and the requirements of any stock
exchange or stock market upon which the Shares may then be listed.

4. Method of Payment. Payment of the Exercise Price shall be by any of the
following, or a combination thereof at the election of the Optionee:

(i) cash; or

(ii) check; or

(iii) by delivery of an irrevocable and unconditional undertaking by a creditworthy broker to
deliver promptly to the Company sufficient funds to pay the Exercise Price, or by delivery by the
Optionee to the Company of a copy of irrevocable and unconditional instructions to a creditworthy
broker to deliver promptly to the Company cash or a check sufficient to pay the Exercise Price; or

(iv) surrender of other shares of common stock of the Company which (A) have been owned by the
Optionee for more than six (6) months on the date of surrender, and (B) have a Fair Market Value on
the date of surrender equal to the Exercise Price of the Shares as to which the Option is being
exercised.

5. Continuous Relationship with the Company Required. Except as otherwise
provided in Section 7 below, this Option may not be exercised unless the Optionee, at the time he
or she exercises this Option, is, and has been at all times since the Grant Date of this Option, an
employee, officer or director of, or consultant or advisor to, the Company or any parent or
subsidiary of the Company as defined in Section 424(e) or (f) of the Code (an “Eligible
Participant”).

6. Termination of Relationship with the Company. In the event the Optionee ceases
to be an Eligible Participant, the Optionee may, to the extent otherwise so entitled at the date of
such termination (the “Termination Date”), exercise this Option for a period of three months
following the Termination Date. To the extent that the Optionee was not entitled to exercise this
Option at the date of such termination, or if the Optionee does not exercise this Option within the
time specified herein, this Option shall terminate. Notwithstanding the foregoing, if the Optionee,
during the term of this Option, violates the non-competition or confidentiality provisions of any
employment contract, confidentiality and nondisclosure agreement or other agreement between the
Optionee and the Company, the right to exercise this Option shall terminate immediately upon such
violation.

 

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7. Exercise Period Upon Death or Disability. If the Optionee dies or becomes
disabled (within the meaning of Section 22(e)(3) of the Code) prior to the date of expiration of
this Option while he or she is
an Eligible Participant and the Company has not terminated such relationship for “Cause” as
specified in Section 8 below, this Option shall be exercisable, within the period of twelve (12)
months following the date of death or disability of the Optionee by the Optionee (or in the case of
death by an authorized transferee), provided that this Option shall be exercisable only to the
extent that this Option was exercisable by the Optionee on the date of his or her death or
disability, and further provided that this Option shall not be exercisable after the Final Exercise
Date.

8. Discharge for Cause. If the Optionee, prior to the date of expiration of this
Option, is discharged by the Company for “Cause” (as defined below), the right to exercise this
Option shall terminate immediately upon the effective date of such discharge. “Cause” shall mean
willful misconduct by the Optionee or willful failure by the Optionee to perform his or her
responsibilities to the Company (including, without limitation, breach by the Optionee of any
provision of any employment, consulting, advisory, nondisclosure, non-competition or other similar
agreement between the Optionee and the Company), as determined by the Company, which determination
shall be conclusive. The Optionee shall be considered to have been discharged for Cause if the
Company determines, within 30 days after the Optionee’s resignation, that discharge for Cause was
warranted.

9. Non-Transferability of Option. This Option may not be transferred in any
manner otherwise than by will or by the laws of descent or distribution and may be exercised during
the lifetime of Optionee only by Optionee. The terms of this Option shall be binding upon the
executors, administrators, heirs, successors and assigns of the Optionee.

10. Term of Option. This Option may be exercised only within the term expiring on
the Final Exercise Date, and may be exercised during such term only in accordance with the Plan and
the terms of this Option.

11. Withholding. No Shares will be issued pursuant to the exercise of this Option
unless and until the Optionee pays to the Company, or makes provision satisfactory to the Company
for payment of, any federal, state or local withholding taxes required by law to be withheld in
respect of this Option.

12. Acquisition Events. This Option shall become immediately exercisable in full
if, on or prior to the first anniversary of an Acquisition Event, the Optionee terminates his or
her employment for Good Reason or is terminated without Cause (for purposes of this Section 12, as
defined in the Plan) by the surviving or acquiring corporation.

[Remainder of page intentionally left blank.]

 

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	 	SS&C TECHNOLOGIES HOLDINGS, INC.

 	 
	 	By:  	/s/ Normand A. Boulanger
 	 
	 	 	Name:  	Normand A. Boulanger 	 
	 	 	Title:  	President and Chief Operating
Officer 	 
	 

OPTIONEE ACKNOWLEDGES AND AGREES THAT NOTHING IN THIS AGREEMENT, NOR IN THE COMPANY’S 1998
STOCK INCENTIVE PLAN AS AMENDED AND RESTATED BY THE 2006 AMENDMENT AND RESTATEMENT WHICH IS
INCORPORATED HEREIN BY REFERENCE, SHALL CONFER UPON OPTIONEE ANY RIGHT WITH RESPECT TO CONTINUATION
OF EMPLOYMENT, DIRECTORSHIP, CONSULTANCY OR OTHER RELATIONSHIP WITH THE COMPANY, NOR SHALL IT
INTERFERE IN ANY WAY WITH OPTIONEE’S RIGHT OR THE COMPANY’S RIGHT TO TERMINATE OPTIONEE’S
EMPLOYMENT OR CONSULTANCY OR OTHER RELATIONSHIP ANY TIME, WITH OR WITHOUT CAUSE.

OPTIONEE ACKNOWLEDGES AND AGREES THAT ANY SHARES ACQUIRED BY THE OPTIONEE UPON THE EXERCISE OF
THE OPTION SHALL BE SUBJECT TO THAT CERTAIN STOCKHOLDERS AGREEMENT DATED AS OF NOVEMBER 23, 2005,
AS AMENDED TO DATE, BY AND AMONG SS&C TECHNOLOGIES HOLDINGS, INC., CARLYLE PARTNERS IV, L.P., CPIV
COINVESTMENT, L.P. AND WILLIAM C. STONE.

The Optionee acknowledges receipt of a copy of the Plan and represents that he is familiar
with the terms and provisions thereof, and hereby accepts this Option subject to all of the terms
and provisions thereof. The Optionee has reviewed the Plan and this Option in their entirety, has
had an opportunity to obtain the advice of counsel prior to executing this Option and fully
understands all provisions of this Option. The Optionee hereby agrees to accept as binding,
conclusive and final all decisions or interpretations of the Board of Directors of the Company upon
any questions arising under the Plan or this Option.

	 	 	 	 	 
	 	 	 
	Dated: May 24, 2011 	     /s/ William C. Stone
 	 
	 	          William C. Stoneexv4w1

Exhibit 4.1

 

CENTENE CORPORATION

$250,000,000

5.75% Senior Notes due 2017

 

INDENTURE

Dated as of May 27, 2011

 

THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A.

as Trustee

 

 

 

          This INDENTURE dated as of May 27, 2011, is by and between Centene Corporation (the
“Company”), a Delaware corporation and The Bank of New York Mellon Trust Company, N.A., a national
banking association, as trustee (the “Trustee”).

          WHEREAS, all things and acts necessary to make this Indenture the legal, valid and binding
obligation of the Company have been done.

          For and in consideration of the premises and purchase by the Holders (as defined herein) of
$250,000,000 aggregate principal amount of the 5.75% Senior Notes due 2017 (the “Initial Notes”)
issued under this Indenture, it is mutually covenanted and agreed, for the equal and ratable
benefit of the Holders of the Notes, as follows:

ARTICLE 1.

DEFINITIONS AND INCORPORATION BY REFERENCE

          Section 1.01 Definitions.

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

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

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

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

          “Additional Notes” means, subject to the Company’s compliance with Section 4.09, any
additional 5.75% Senior Notes due 2017 issued from time to time after the Issue Date under the
terms of this Indenture other than pursuant to Sections 2.08, 2.09, 2.12, 3.06 or 9.05 of this
Indenture.

          “Affiliate” of any specified Person means any other Person directly or indirectly controlling
or controlled by or under direct or indirect common control with such specified Person. For
purposes of this definition, “control,” as used with respect to any Person, means the possession,
directly or indirectly, of the power to direct or cause the direction of the management or policies
of such Person, whether through the ownership of voting securities, by agreement or otherwise;
provided that beneficial ownership of 10% or more of the Voting Stock of a Person will be deemed to
be control. For purposes of this definition, the terms “controlling,” “controlled by” and “under
common control with” have correlative meanings.

 

 

          “Agent” means any Registrar, co-registrar, Paying Agent or additional paying agent.

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

          “Asset Sale” means the sale, lease, transfer, conveyance or other disposition of any assets or
rights, other than sales, leases, transfers, conveyances or other dispositions of inventory in the
ordinary course of business consistent with past practices; provided that the sale, conveyance or
other disposition of all or substantially all of the assets of the Company and its Restricted
Subsidiaries taken as a whole will be governed by the provisions of this Indenture described below
under Section 4.16 and/or the provisions described in Section 5.01 and not by the provisions
described under Section 4.12 hereof.

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

     (1) any single transaction or series of related transactions that involves assets
having a Fair Market Value of less than $5.0 million;

     (2) a sale, lease, transfer, conveyance or other disposition of assets between or
among the Company and its Restricted Subsidiaries;

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

     (4) a sale, lease, transfer, conveyance or other disposition effected in compliance
with the provisions described under Section 5.01;

     (5) a Restricted Payment or Permitted Investment that is permitted by Section 4.10;

     (6) the disposition of Equity Interests in Permitted Joint Ventures; provided that the
Company maintains ownership of at least 35% of the outstanding Equity Interests in the
applicable Permitted Joint Venture and control (as such term is defined in Section 405
under the Securities Act) over the operations of the applicable Permitted Joint Venture;

     (7) a transfer or property or assets that are obsolete, damaged or worn out equipment
and that are no longer useful in the conduct of the Company or its Subsidiaries’ business
and that is disposed of in the ordinary course of business;

     (8) a Sale/Leaseback Transaction, provided that at least 75% of the consideration paid
to the Company or the Restricted Subsidiary for such Sale/Leaseback Transaction consists of
cash received at closing;

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     (9) the disposition of Receivables and Related Assets in a Qualified Securitization
Transaction;

     (10) any Asset Swap; and

     (11) the sale or disposition of the Company’s existing office building located at 7700
Forsyth Boulevard, Clayton, Missouri.

          “Asset Swap” means any substantially contemporaneous (and in any event occurring within 180
days of each other) purchase and sale or exchange of any properties or assets or interests used or
useful in a Permitted Business between the Company or any of its Restricted Subsidiaries and
another Person; provided, that any cash received from such purchase and sale or exchange must be
applied in accordance with Section 4.12 hereof.

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

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

          “Board of Directors” means:

     (1) with respect to a corporation, the board of directors of the corporation;

     (2) with respect to a partnership, the Board of Directors of the general partner of
the partnership; and

     (3) with respect to any other Person, the board or committee of such Person serving a
similar function.

          “Board Resolution” of a Person means a copy of a resolution certified by the secretary or an
assistant secretary (or individual performing comparable duties) of the applicable Person to have
been duly adopted by the Board of Directors of such Person and to be in full force and effect on
the date of such certification, and delivered to the Trustee.

          “Business Day” means any day other than a Legal Holiday.

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

          “Capital Stock” means:

     (1) in the case of a corporation, corporate stock;

     (2) in the case of an association or business entity, any and all shares, interests,
participations, rights or other equivalents (however designated) of corporate stock;

     (3) in the case of a partnership or limited liability company, partnership or
membership interests (whether general or limited); and

     (4) any other interest or participation that confers on a Person the right to receive
a share of the profits and losses of, or distributions of assets of, the issuing Person.

          “Cash Equivalents” means:

     (1) United States dollars;

     (2) securities issued or directly and fully guaranteed or insured by the United States
government or any agency or instrumentality of the United States government (provided that
the full faith and credit of the United States is pledged in support of those securities)
having maturities of not more than six months from the date of acquisition;

     (3) certificates of deposit and eurodollar time deposits with maturities of 12 months
or less from the date of acquisition, bankers’ acceptances with maturities not exceeding 12
months and overnight bank deposits, in each case, with any lender party to the Credit
Agreement or with any domestic commercial bank having capital and surplus in excess of
$250.0 million;

     (4) repurchase obligations with a term of not more than seven days for underlying
securities of the types described in clauses (2) and (3) above entered into with any
financial institution meeting the qualifications specified in clause (3) above;

     (5) commercial paper rated at least A-1 by Standard & Poor’s Rating Services or at
least P-1 by Moody’s Investors Service, Inc., and in each case maturing within 12 months
after the date of acquisition;

     (6) readily marketable direct obligations issued by any state of the United States or
any political subdivision thereof having one of the two highest rating categories
obtainable from either Moody’s Investors Service, Inc. or
Standard & Poor’s Rating Services with maturities of 12 months or less from the date
of acquisition; and

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     (7) money market funds substantially all of the assets of which constitute Cash
Equivalents of the kinds described in clauses (1) through (6) of this definition.

          “Centene Plaza Phase II Indebtedness” means any Indebtedness of the Company or any of its
Subsidiaries used solely to finance the Centene Plaza Phase II Project and extensions, renewals and
refinancings of such Indebtedness.

          “Centene Plaza Phase II Project” means the development and construction of an office building
complex project by the Centene Plaza Phase II Subsidiary located on the block on which the Centene
Plaza Project is located in Clayton, Missouri.

          “Centene Plaza Phase II Subsidiary” means the wholly-owned subsidiary that will be the initial
developer of the Centene Plaza Phase II Project.

          “Centene Plaza Project” means the development and construction of an office building complex
project by the Centene Plaza Subsidiary to be used as Company’s headquarters and located at the
7700 block of Forsyth Boulevard in Clayton, Missouri.

          “Centene Plaza Subsidiary” means the wholly-owned subsidiary named Centene Center LLC, a
Delaware limited liability company.

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

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

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

     (3) the consummation of any transaction (including, without limitation, any merger or
consolidation) the result of which is that any “person” (as defined above) becomes the
Beneficial Owner, directly or indirectly, of more than 35% of the Voting Stock of the
Company, measured by voting power rather than number of shares;

     (4) the first day on which a majority of the members of the Board of Directors of the
Company are not Continuing Directors; or

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

          “City Development Agreement” means that certain Amended and Restated Development Agreement for
the Forsyth/Hanley Project Area dated as of June 1, 2009, by and between the City of Clayton,
Missouri and CMC and recorded at Book 18416 Page 65 of the St. Louis County Recorder of Deeds,
which City Development Agreement, with respect to the Project, has been assigned to the Centene
Plaza Subsidiary, as amended pursuant to that certain Assignment of Amended and Restated
Development Agreement dated June 1, 2009 and recorded at Book 18416 Page 106 of the St. Louis
County Recorder of Deeds.

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

          “Commission” means the Securities and Exchange Commission.

          “Company” means Centene Corporation, and any successor thereto.

          “Company Order” means a written order signed in the name of the Company by an Officer and
delivered to the Trustee or, with respect to Sections 2.02, 2.08, 2.09, 2.12 and 9.05 any other
employee of the Company named in an Officers’ Certificate delivered to the Trustee.

          “Consolidated Cash Flow” means, with respect to any specified Person for any period, the
Consolidated Net Income of such Person for such period plus:

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

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

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     (3) depreciation, amortization (including amortization of goodwill and other
intangibles but excluding amortization of prepaid cash expenses that were paid in a prior
period) and other non-cash expenses (excluding any such non-cash expense to the extent that
it represents an accrual of or reserve for expenses to be paid in cash in any future
period) of such Person and its Restricted Subsidiaries for such period to the extent that
such depreciation, amortization and other non-cash expenses were deducted in computing such
Consolidated Net Income; plus

     (4) an amount equal to any extraordinary, unusual or non-recurring loss plus any net
loss realized by such Person or any of its Restricted Subsidiaries in connection with an
Asset Sale (without regard to the dollar limitation in the definition thereof), to the
extent such losses were deducted in computing such Consolidated Net Income; plus

     (5) severance payments related to management employment contracts, non-cash
stock-based compensation expense, and net income attributable to non-controlling interests
in the Company’s non-wholly-owned Subsidiaries; plus

     (6) any impairment charge or asset write-off pursuant to Financial Accounting
Statement No. 144 and No. 142 or any successor pronouncement; minus

     (7) non-cash items increasing such Consolidated Net Income for such period, other than
the accrual of revenue in the ordinary course of business, in each case, on a consolidated
basis and determined in accordance with GAAP.

          “Consolidated Net Income” means, with respect to any Person for any period, the consolidated
Net Income of such Person and its Restricted Subsidiaries determined in accordance with GAAP;
provided, however, that there will not be included in such Consolidated Net Income:

     (1) any Net Income (loss) of any Person if such Person is not a Restricted Subsidiary
except that:

     (a) subject to the limitations contained in clauses (2) and (3) below, the
Company’s equity in the Net Income of any such Person for such period will be
included in such Consolidated Net Income up to the aggregate amount of cash
actually distributed by such Person during such period to the Company or a
Restricted Subsidiary as a dividend or other distribution;

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

     (2) Net Income or loss of any Person for any period prior to the acquisition of such
Person by the Company or a Restricted Subsidiary, or the Net
Income or loss of any Person who succeeds to the obligations of the Company under this
Indenture for any period prior to such succession; and

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

          “Consolidated Total Assets” means, as of the date of any determination thereof, the total
assets of the Company and its Restricted Subsidiaries calculated in accordance with GAAP on a
consolidated basis as of such date.

          “Consolidated Total Foreign Assets” means, as of the date of any determination thereof, the
total assets of the Company’s Foreign Restricted Subsidiaries calculated in accordance with GAAP on
a consolidated basis as of such date.

          “Continuing Directors” means, as of any date of determination, any member of the Board of
Directors of the Company who:

     (1) was a member of such Board of Directors on the date of this Indenture; or

     (2) was nominated for election or elected to such Board of Directors with the approval
of a majority of the Continuing Directors who were members of such Board at the time of
such nomination or election.

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

          “Credit Agreement” means the Credit Agreement, dated as of January 31, 2011, among Centene
Corporation, as the Company, the various financial institutions named therein, as lenders, and
Barclays Bank PLC, as Administrative Agent and Arranger including any related notes, Guarantees,
collateral documents, instruments and agreements executed in connection therewith, and in each case
as amended, restated, modified, renewed, refunded, replaced or refinanced (in whole or in part)
from time to time, whether or not with the same lenders or agent.

          “Credit Facilities” means, one or more debt facilities or agreements (including, without
limitation, the Credit Agreement) note purchase agreements, indentures or commercial paper
facilities, in each case with banks or other institutional lenders or investors providing for
revolving credit loans, term loans, receivables financing (including through the sale of
receivables to such lenders or to special purpose entities formed to borrow from such lenders
against such receivables), debt securities or letters of credit, in each case, as amended,
restated, modified, renewed, refunded, replaced or refinanced (including any agreement to extend
the maturity thereof and adding additional borrowers or guarantors and by means of sales of debt
securities to institutional investors) in whole or in part from time to time under the same or any
other agent, lender or group of lenders, underwriter or group of underwriters and including
increasing the amount of available borrowings thereunder; provided that such increase is permitted
by Section 4.09 hereof.

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          “Custodian” means, with respect to the Notes issuable or issued in whole or in part in global
form, the Person specified in Section 2.05 as Custodian with respect to the Notes, and any and all
successors thereto appointed as custodian hereunder and having become such pursuant to the
applicable provisions of this Indenture.

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

          “Designated Non-cash Consideration” means any non-cash consideration received by the Company
or one of its Restricted Subsidiaries in connection with an Asset Sale that is designated as
Designated Non-cash Consideration pursuant to an Officers’ Certificate executed by the principal
financial officer and any of the other executive officers of the Company or such Restricted
Subsidiary at the time of such Asset Sale. Any particular item of Designated Non-cash Consideration
will cease to be considered to be outstanding once it has been sold for cash or Cash Equivalents.

          “Definitive Note” means a certificated Note registered in the name of the Holder thereof and
issued in accordance with Sections 2.08 or 2.12 hereof, in substantially the form of Exhibit
A hereto except that such Note shall not bear the Global Note legend set forth in Exhibit
A and shall not have the “Schedule of Exchanges of Interests in the Global Note” attached
thereto.

          “Depositary” means, with respect to the Notes issuable or issued in whole or in part in global
form, the Person specified in Section 2.05 hereof as the Depositary with respect to the Notes, and
any and all successors thereto appointed as Depositary hereunder and having become such pursuant to
the applicable provisions of this Indenture.

          “Disqualified Stock” means any Capital Stock that, by its terms (or by the terms of any
security into which it is convertible, or for which it is exchangeable, in each case at the option
of the holder of the Capital Stock), or upon the happening of any event, matures or is mandatorily
redeemable, pursuant to a sinking fund obligation or otherwise, or redeemable at the option of the
holder of the Capital Stock, in whole or in part, on or prior to the date that is 91 days after the
date on which the Notes mature. Notwithstanding the preceding sentence, any Capital Stock that
would constitute Disqualified Stock solely because the holders of the Capital Stock have the right
to require the Company to repurchase such Capital Stock upon the occurrence of a change of control
or an asset sale will not constitute Disqualified Stock if the terms of such Capital Stock provide
that the Company may not repurchase or redeem any such Capital Stock pursuant to such provisions
unless such repurchase or redemption complies with Section 4.10 hereof.

          “District” means the transportation development district formed in connection with the Centene
Plaza Project, created under Sections 238.000 to 238.275 R.S.Mo, as amended, and maintained
pursuant to the District Development Agreement and the City Development Agreement.

9

 

          “District Development Agreement” means that certain Transportation Development Agreement dated
as of June 1, 2009, as amended by that certain First Amendment to Transportation Development
Agreement dated as of April 20, 2010, by and between the Centene Plaza Subsidiary and the District.

          “Dollars” and the sign “$” mean the lawful money of the United States of America.

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

          “Equity Offering” means any private or public sale of common stock of the Company.

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

          “Existing Indebtedness” means Indebtedness existing on the Issue Date (other than Indebtedness
under this Indenture and the Credit Agreement).

          “Fair Market Value” means, with respect to any Asset Sale or Restricted Payment or other item,
the price that would be negotiated in an arms’-length transaction for cash between a willing seller
and a willing and able buyer, neither of which is under any compulsion to complete the transaction,
as such price is determined in good faith by an officer of the Company.

          “Fixed Charge Coverage Ratio” means with respect to any specified Person for any period, the
ratio of the Consolidated Cash Flow of such Person and its Restricted Subsidiaries for such period
to the Fixed Charges of such Person and its Restricted Subsidiaries for such period. In the event
that the specified Person or any of its Restricted Subsidiaries incurs, assumes, guarantees,
repays, repurchases or redeems any Indebtedness (other than ordinary working capital borrowings) or
issues, repurchases or redeems preferred stock subsequent to the commencement of the period for
which the Fixed Charge Coverage Ratio is being calculated and on or prior to the date on which the
event for which the calculation of the Fixed Charge Coverage Ratio is made (the “Calculation
Date”), then the Fixed Charge Coverage Ratio will be calculated giving pro forma effect to such
incurrence, assumption, guarantee, repayment, repurchase or redemption of Indebtedness, or such
issuance, repurchase or redemption of preferred stock, and the use of the proceeds therefrom as if
the same had occurred at the beginning of the applicable four-quarter reference period.

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

     (1) acquisitions that have been made by the specified Person or any of its Restricted
Subsidiaries, including through mergers or consolidations and including any related
financing transactions, during the four-quarter reference period or subsequent to such
reference period and on or prior to the Calculation
Date will be given pro forma effect as if they had occurred on the first day of the
four-quarter reference period;

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     (2) the Consolidated Cash Flow attributable to discontinued operations, as determined
in accordance with GAAP, and operations or businesses disposed of prior to the Calculation
Date, will be excluded; and

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

          For purposes of this definition, whenever pro forma effect is to be given to an Investment,
acquisition, disposition, merger or consolidation and the amount of income or earnings relating
thereto, the pro forma calculations shall be determined in good faith by a responsible financial or
accounting officer of the Company and such pro forma calculations may include operating expense
reductions for such period resulting from the transaction which is being given pro forma effect
that (A) have been realized or (B) for which the steps necessary for realization have been taken
(or are taken concurrently with such transaction) or (C) for which the steps necessary for
realization are reasonably expected to be taken within the twelve-month period following such
transaction and, in each case, including, but not limited to, (a) reduction in personnel expenses,
(b) reduction of costs related to administrative functions, (c) reduction of costs related to
leased or owned properties and (d) reductions from the consolidation of operations and streamlining
of corporate overhead; provided that, in each case, such adjustments are set forth in an Officers’
Certificate signed by the Company’s chief financial officer and another officer which states (i)
the amount of such adjustment or adjustments, (ii) in the case of items (B) or (C) above, that such
adjustment or adjustments are based on the reasonable good faith beliefs of the officers executing
such Officers’ Certificate at the time of such execution and (iii) that any related incurrence of
Indebtedness is permitted pursuant to this Indenture. If any Indebtedness bears a floating rate of
interest and is being given pro forma effect, the interest on such Indebtedness shall be calculated
as if the rate in effect on the calculation date had been the applicable rate for the entire period
(taking into account any Hedging Obligations applicable to such Indebtedness if the related hedge
has a remaining term in excess of twelve months).

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

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

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

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

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

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

          “Foreign Restricted Subsidiary” means any Restricted Subsidiary that is not formed under the
laws of the United States of America or any State thereof.

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

          “Global Note” or “Global Notes” means the Notes in the form established pursuant to Section
2.03 hereof, evidencing all or part of the Notes issued to the Depositary or its nominee and
registered in the name of such Depositary or nominee.

12

 

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

          “Guarantor” means any Subsidiary that executes a Subsidiary Guarantee in accordance with the
provisions of this Indenture and its respective successors and assigns.

          “Hedging Obligations” means, with respect to the Company or any of its Restricted
Subsidiaries, the obligations of such Person under interest rate swap agreements, interest rate cap
agreements and interest rate collar agreements and other agreements or arrangements designed to
either (a) protect such Person against fluctuations in interest rates with respect to any floating
rate Indebtedness that is permitted to be incurred under this Indenture or (b) transform fixed rate
Indebtedness that is permitted to be incurred under this Indenture to a floating rate liability or
other obligation.

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

          “Indebtedness” means, with respect to any specified Person, any indebtedness of such Person,
whether or not contingent:

     (1) in respect of borrowed money;

     (2) evidenced by bonds, notes, debentures or similar instruments or letters of credit
(or reimbursement agreements in respect thereof), but excluding letters of credit and
surety bonds entered into in the ordinary course of business to the extent such letters of
credit or surety bonds are not drawn upon;

     (3) in respect of banker’s acceptances;

     (4) representing Capital Lease Obligations;

     (5) representing the balance deferred and unpaid of the purchase price of any
property, except any such balance that constitutes an accrued expense or Trade Payable;

     (6) representing any Hedging Obligations; or

     (7) Disqualified Stock of such Person or a Restricted Subsidiary in an amount equal to
the greater of the maximum mandatory redemption or repurchase price (not including, in
either case, any redemption or repurchase premium) or the liquidation preference thereof,

13

 

if and to the extent any of the preceding items (other than letters of credit and Hedging
Obligations) would appear as a liability upon a balance sheet of the specified Person prepared in
accordance with GAAP. In addition, the term “Indebtedness” includes all Indebtedness of others
secured by a Lien on any asset of the specified Person (whether or not such Indebtedness is assumed
by the specified Person) and, to the extent not otherwise included, the Guarantee by the specified
Person of any Indebtedness of any other Person. For the avoidance of doubt, to the extent any
Indebtedness incurred in connection with the Centene Plaza Project and the Centene Plaza Phase II
Project appears as a liability on the balance sheet of the Company or one of its Restricted
Subsidiaries and is non-recourse to the Company and its Restricted Subsidiaries, such Indebtedness
will not constitute “Indebtedness” for all purposes under this Indenture.

          The amount of any Indebtedness outstanding as of any date will be:

     (a) the accreted value of the Indebtedness, in the case of any Indebtedness
issued with original issue discount; and

     (b) the principal amount of the Indebtedness, together with any interest on
the Indebtedness that is more than 30 days past due, in the case of any other
Indebtedness.

          “Indirect Obligation” means, with respect to any Person, each obligation and liability of such
Person, and all such obligations and liabilities of such Person, incurred pursuant to any
agreement, undertaking or arrangement by which such Person: (a) guarantees, endorses or otherwise
becomes or is contingently liable upon (by direct or indirect agreement, contingent or otherwise,
to provide funds for payment, to supply funds to, or otherwise to invest in, a debtor, or otherwise
to assure a creditor against loss) the indebtedness, dividend, obligation or other liability of any
other Person in any manner (other than by endorsement of instruments in the course of collection),
including any indebtedness, dividend or other obligation which may be issued or incurred at some
future time; (b) guarantees the payment of dividends or other distributions upon the Capital Stock
of any other Person; (c) undertakes or agrees (whether contingently or otherwise): (i) to purchase,
repurchase, or otherwise acquire any indebtedness, obligation or liability of any other Person or
any property or assets constituting security therefor, (ii) to advance or provide funds for the
payment or discharge of any indebtedness, obligation or liability of any other Person (whether in
the form of loans, advances, stock purchases, capital contributions or otherwise), or to maintain
solvency, assets, level of income, working capital or other financial condition of any other
Person, or (iii) to make payment to any other Person other than for value received; (d) agrees to
lease property or to purchase securities, property or services from such other Person with the
purpose or intent of assuring the owner of such indebtedness or obligation of the ability of such
other Person to make payment of the indebtedness or obligation; (e) to induce the issuance of, or
in connection with the issuance of, any letter of credit for the benefit of such other Person; or
(f) undertakes or agrees otherwise to assure a creditor against loss. The amount of any Indirect
Obligation shall (subject to any limitation set forth herein) be deemed to be the outstanding
principal amount (or maximum permitted principal amount,
if larger) of the indebtedness, obligation or other liability guaranteed or supported thereby.

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          “Indenture” means this instrument, as originally executed or as it may from time to time be
supplemented or amended in accordance with Article 9 hereof.

          “Interest Payment Dates” shall have the meaning set forth in paragraph 1 of each Note.

          “Investment Grade Rating” means a rating equal to or higher than Baa3 (or the equivalent) by
Moody’s Investors Service, Inc. or BBB- (or the equivalent) by Standard & Poor’s Ratings Group,
Inc., in each case, with a stable or better outlook.

          “Investments” means, with respect to any Person, all direct or indirect investments by such
Person in other Persons (including Affiliates) in the forms of loans (including Guarantees or other
obligations), advances or capital contributions (excluding commission, travel and similar advances,
fees and compensation paid to officers, directors and employees made in the ordinary course of
business), purchases or other acquisitions for consideration of Indebtedness, Equity Interests or
other securities, together with all items that are or would be classified as investments on a
balance sheet prepared in accordance with GAAP. If the Company or any Subsidiary of the Company
sells or otherwise disposes of any Equity Interests of any direct or indirect Subsidiary of the
Company such that, after giving effect to any such sale or disposition, such Person is no longer a
Subsidiary of the Company, the Company will be deemed to have made an Investment on the date of any
such sale or disposition equal to the Fair Market Value of the Equity Interests of such Subsidiary
not sold or disposed of in an amount determined as provided in Section 4.10(c) hereof. The
acquisition by the Company or any Subsidiary of the Company of a Person that holds an Investment in
a third Person will be deemed to be an Investment by the Company or such Subsidiary in such third
Person in an amount equal to the Fair Market Value of the Investment held by the acquired Person in
such third Person in an amount determined as provided in Section 4.10(c) hereof.

          “Issue Date” means May 27, 2011.

          “Legal Holiday” means a Saturday, a Sunday or a day on which banking institutions in the City
of New York, the city in which the Corporate Trust Office of the Trustee is located or any other
place of payment on the Notes are authorized by law, regulation or executive order to remain
closed.

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

15

 

          “Limited Originator Recourse” means a reimbursement obligation of the Company in connection
with a drawing on a letter of credit, revolving loan commitment, cash collateral account or other
such credit enhancement issued to support Indebtedness of a Securitization Subsidiary that the
Company’s Board of Directors (or a duly authorized committee thereof) determines is necessary to
effectuate a Qualified Securitization Transaction; provided that the available amount of any such
form of credit enhancement at any time shall not exceed 10% of the principal amount of such
Indebtedness at such time; and provided, further, that such reimbursement obligation is permitted
to be incurred by the Company pursuant to the covenant described above under Section 4.09 hereof.

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

     (1) any gain (but not loss), together with any related provision for taxes on such
gain (but not loss), realized in connection with: (a) any Asset Sale; or (b) the
disposition of any securities by such Person or any of its Restricted Subsidiaries or the
extinguishment of any Indebtedness of such Person or any of its Restricted Subsidiaries;
and

     (2) any extraordinary gain (but not loss), together with any related provision for
taxes on such extraordinary gain (but not loss).

          “Net Proceeds” means the aggregate cash or Cash Equivalents received by the Company or any of
its Restricted Subsidiaries in respect of any Asset Sale (including, without limitation, any cash
received upon the sale or other disposition of any non-cash consideration received in any Asset
Sale), net of the direct costs relating to such Asset Sale, including, without limitation, legal,
accounting and investment banking fees, and sales commissions, and any relocation expenses incurred
as a result of the Asset Sale, taxes paid or payable as a result of the Asset Sale, in each case,
after taking into account any available tax credits or deductions and any tax sharing arrangements,
and amounts required to be applied to the repayment of Indebtedness secured by a Lien on the asset
or assets that were the subject of such Asset Sale, and any reserve established in accordance with
GAAP against liabilities associated with such Asset Sale or any amount placed in escrow for
adjustment in respect of the purchase price of such Asset Sale, until such time as such reserve is
reversed or such escrow arrangement is terminated, in which case Net Proceeds shall be increased by
the amount of the reserve so reversed or the amount returned to the Company or its Restricted
Subsidiaries from such escrow agreement, as the case may be.

          “NML Loan” means a certain loan in the original principal amount of $80,000,000 from The
Northwestern Mutual Life Insurance Company to the Centene Plaza Subsidiary secured by various
collateral, including but not limited to the interest of the Centene Plaza Subsidiary in the
Centene Plaza Project.

16

 

          “Non-recourse Debt” means Indebtedness:

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

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

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

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

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

          “Officer” means the Chief Executive Officer, the President, the Chief Financial Officer or any
Senior Vice President of the Company.

          “Officers’ Certificate” means a certificate signed by two Officers of the Company, at least
one of whom shall be the principal executive officer or principal financial officer of the Company,
and delivered to the Trustee.

          “Opinion of Counsel” means a written opinion from legal counsel which meets the requirements
of Section 12.05 hereof. The counsel may be an employee of or counsel to the Company.

          “Other Bank Loan” means that certain loan evidenced by a Promissory Note in the principal
amount of $10,000,000 between CMC Real Estate Company, LLC, a Missouri limited liability company
and Midwest Bank Centre dated as of September 30, 2009.

          “Permitted Business” means the lines of business conducted by the Company and its Restricted
Subsidiaries on the date hereof and any other healthcare business related, ancillary or
complementary (including any reasonable extension, development or expansion) to any such business.

          “Permitted Investments” means:

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

     (2) any Investment in Cash Equivalents;

17

 

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

     (a) such Person becomes a Restricted Subsidiary; or

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

     (4) any Investment made as a result of the receipt of non-cash consideration from an
Asset Sale that was made pursuant to and in compliance with Section 4.12 hereof;

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

     (6) any Investments received in compromise of obligations of trade creditors, health
care providers or customers that were incurred in the ordinary course of business,
including pursuant to any plan of reorganization or similar arrangement upon the bankruptcy
or insolvency of any trade creditor, health care provider or customer;

     (7) Hedging Obligations;

     (8) Investments the payment for which is Capital Stock (other than Disqualified Stock)
of the Company;

     (9) Investments in prepaid expenses, negotiable instruments held for collection,
utility and workers compensation, performance and similar deposits made in the ordinary
course of business;

     (10) loans and advances to non-executive officers and employees of the Company or any
of its Restricted Subsidiaries in the ordinary course of business in accordance with the
past practices of the Company or any of its Restricted Subsidiaries in an aggregate amount
for all such loans and advances not to exceed $3.0 million at any time outstanding;

     (11) Investments existing on the Issue Date;

     (12) Permitted Market Investments;

     (13) Investments in the Equity Interests of the joint venture created in connection
with the Centene Plaza Divestiture;

     (14) Investments in Permitted Joint Ventures in an amount not to exceed at any one
time outstanding 5.0% of the Company’s Consolidated Total Assets;

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     (15) Investments by the Company or a Restricted Subsidiary in a Securitization
Subsidiary in connection with a Qualified Securitization Transaction, which investment
consists of a retained interest in transferred Receivables and Related Assets;

     (16) Investments by the Company or any other Restricted Subsidiary consisting of (i)
purchase of Indebtedness issued by the District in an aggregate amount not to exceed $35.0
million and (ii) by the Company or a Restricted Subsidiary consisting solely of the
incurrence of Indebtedness to the extent permitted by clause (16) or (17) under Section
4.09 hereof; and

     (17) other Investments in any Person having an aggregate Fair Market Value (measured
on the date each such investment was made and without giving effect to subsequent changes
in value), when taken together with all other Investments made pursuant to this clause (17)
that are at the time outstanding, not to exceed the greater of (x) $80.0 million or (y)
4.0% of the Company’s Consolidated Total Assets.

          “Permitted Joint Venture” means any joint venture that the Company or any of its Restricted
Subsidiaries is a party to that is engaged in a Permitted Business.

          “Permitted Liens” means:

     (1) Liens in favor of the Company or its Restricted Subsidiaries;

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

     (3) Liens for taxes or other governmental charges not at the time delinquent or
thereafter payable without penalty or being contested in good faith by appropriate
proceedings and, in each case, for which it maintains adequate reserves;

     (4) Liens on any property or assets existing at the time of the acquisition thereof by
the Company or any Restricted Subsidiary of the Company; provided that such Liens were in
existence prior to the contemplation of such acquisition and do not extend to any property
or assets of the Company or the Restricted Subsidiary;

     (5) Liens to secure the performance of statutory obligations, surety or appeal bonds,
government contracts, performance bonds or other obligations of a like nature incurred in
the ordinary course of business (such as (i) Liens of landlords, carriers, warehousemen,
mechanics and materialmen and other similar Liens imposed by law and (ii) Liens in the form
of deposits or pledges incurred in
connection with worker’s compensation, unemployment compensation and other types of
social security (excluding Liens arising under Employee Retirement Income Security Act of
1974));

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     (6) Liens existing on the Issue Date;

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

     (8) Liens securing Permitted Refinancing Indebtedness incurred to refinance
Indebtedness that was previously so secured as permitted by this Indenture; provided that
any such Lien is limited to all or part of the same property or assets (plus improvements,
accessions, proceeds or dividends or distributions in respect thereof) that secured (or,
under the written arrangements under which the original Lien arose, could secure) the
Indebtedness being refinanced or is in respect of property that is the security for a
Permitted Lien hereunder;

     (9) Liens securing Hedging Obligations of the Company or any of its Restricted
Subsidiaries, which transactions or obligations are incurred in the ordinary course of
business for bona fide hedging purposes (and not for speculative purposes) of the Company
or its Restricted Subsidiaries (as determined in good faith by the Board of Directors or
senior management of the Company);

     (10) Liens to secure Indebtedness (including Capital Lease Obligations) permitted by
clause (4) under Section 4.09(b) hereof; provided that any such Lien (i) covers only the
assets acquired, constructed or improved with such Indebtedness and (ii) is created within
180 days of such acquisition, construction or improvement;

     (11) Liens to secure Indebtedness of Foreign Restricted Subsidiaries permitted by
clause (11) under Section 4.09(b) hereof; provided that any such Lien covers only the
assets of such Foreign Restricted Subsidiaries;

     (12) Liens securing Indebtedness permitted by clauses (16) and (17) of Section 4.09(b)
hereof;

     (13) Liens required by any regulation, or order of or arrangement or agreement with
any regulatory body or agency, so long as such Liens do not secure Indebtedness;

     (14) Liens on assets transferred to a Securitization Subsidiary or on assets of
Securitization Subsidiary, in either case, incurred in connection with a Qualified
Securitization Transaction; and

20

 

     (15) other Liens incurred in the ordinary course of business of the Company and its
Restricted Subsidiaries with respect to Indebtedness in an aggregate principal amount,
together with all Indebtedness incurred to refund, refinance or replace such Indebtedness
(or refinancings, refundings or replacements thereof), that does not exceed 20.0% of the
Company’s Consolidated Total Assets at any one time outstanding.

          “Permitted Market Investments” means any security that (i)(a) is of a type traded or quoted on
any exchange or recognized financial market, (b) can be readily liquidated or disposed of on such
exchanges or markets and (c) other than in the case of an equity security, has no lower than an
“investment grade” rating from any nationally recognized rating agency or (ii) satisfies the
Company’s investment guidelines as approved by the Board of Directors; provided that the aggregate
amount of Permitted Market Investments consisting of common stock shall not exceed 10% at any time.

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

     (1) the principal amount (or accreted value, if applicable) of such Permitted
Refinancing Indebtedness does not exceed the principal amount (or accreted value, if
applicable) of the Indebtedness extended, refinanced, renewed, replaced, defeased or
refunded (plus all accrued interest on the Indebtedness and the amount of all expenses and
premiums incurred in connection therewith);

     (2) such Permitted Refinancing Indebtedness has a final maturity date the same as or
later than the final maturity date of, and has a Weighted Average Life to Maturity equal to
or greater than the Weighted Average Life to Maturity of, the Indebtedness being extended,
refinanced, renewed, replaced, defeased or refunded;

     (3) if Subordinated Obligations are being extended, refinanced, renewed, replaced,
defeased or refunded, such Permitted Refinancing Indebtedness has a final maturity date
later than the final maturity date of, and is subordinated in right of payment to, the
Notes on terms at least as favorable to the Holders as those contained in the documentation
governing the Subordinated Obligations being extended, refinanced, renewed, replaced,
defeased or refunded; and

     (4) such Indebtedness is incurred either by the Company or by the Subsidiary who is
the obligor on the Indebtedness being extended, refinanced, renewed, replaced, defeased or
refunded.

21

 

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

          “Qualified Securitization Transaction” means any transaction or series of transactions that
may be entered into by the Company or any Restricted Subsidiary pursuant to which (a) the Company
or any Restricted Subsidiary may sell, convey or otherwise transfer to a Securitization Subsidiary
its interests in Receivables and Related Assets and (b) such Securitization Subsidiary transfers to
any other person, or grants a security interest in, such Receivables and Related Assets, pursuant
to a transaction which is customarily used to achieve a transfer of financial assets under GAAP.

          “Predecessor Note” of any particular Note means every previous Note evidencing all or a
portion of the same Debt as that evidenced by such particular Note; and any Note authenticated and
delivered under Section 2.09 in lieu of a lost, destroyed or stolen Note shall be deemed to
evidence the same Debt as the lost, destroyed or stolen Note.

          “Ratings Agency” means Standard & Poor’s Ratings Group, Inc. and Moody’s Investors Service,
Inc. or if Standard & Poor’s Ratings Group, Inc. or Moody’s Investors Service, Inc. or both shall
not make a rating on the Notes publicly available, a nationally recognized statistical rating
agency or agencies, as the case may be, selected by the Company (as certified by a resolution of
the Board of Directors of the Company) which shall be substituted for Standard and Poor’s Ratings
Group, Inc. or Moody’s Investors Service, Inc. or both, as the case may be.

          “Real Estate Indebtedness” means (a) any debt or obligations of the Company or any of its
subsidiaries in whole or in part secured by interests in real property, including, but not limited
to, the NML Loan and the Other Bank Loan and extensions, renewals and refinancings of such
Indebtedness and (b) Indirect Obligations of the Company with respect to the Indebtedness of the
Centene Plaza Subsidiary and extensions, renewals and refinancings of such Indebtedness of the
Centene Plaza Subsidiary; provided that such Indebtedness of the Centene Plaza Subsidiary (with
respect to which the Company has Indirect Obligations) is used solely to finance the Centene Plaza
Project.

          “Receivables and Related Assets” means any account receivable (whether now existing or arising
thereafter) of the Company or any Restricted Subsidiary, and any assets related thereto including
all collateral securing such accounts receivable, all contracts and contract rights and all
Guarantees or other obligations in respect of such accounts receivable, proceeds of such accounts
receivable and other assets which are customarily transferred or in respect of which security
interest are customarily granted in connection with asset securitization transaction involving
accounts receivable.

          “Redemption Date” when used with respect to any Note to be redeemed, shall mean the date
specified for redemption of such Note in accordance with the terms of such Note and this Indenture.

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          “Redemption Price” when used with respect to any Note to be redeemed, means the price at which
it is to be redeemed pursuant to the terms of such Note and this Indenture.

          “Registered Note” means any Note in the form (to the extent applicable thereto) established
pursuant to Section 2.01 hereof which is registered on the books of the Registrar.

          “Regular Record Date” for the interest payable on any Interest Payment Date means the
applicable date specified as a “Record Date” on the face of the Note.

          “Responsible Officer,” when used with respect to the Trustee, means any officer within the
Corporate Trust Department of the Trustee (or any successor group of the Trustee) with direct
responsibility for the administration of this Indenture and also means, with respect to a
particular corporate trust matter, any other officer to whom such matter is referred because of his
or her knowledge of and familiarity with the particular subject, and who shall have direct
responsibility for the administration of this Indenture.

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

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

          “Sale/Leaseback Transaction” means an arrangement relating to property now owned or hereafter
acquired whereby the Company or a Restricted Subsidiary thereof transfers such property to a Person
and the Company or a Restricted Subsidiary leases it from such Person.

          “SEC” means the United States Securities and Exchange Commission.

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

          “Securitization Subsidiary” means a Subsidiary of the Company:

     (1) that is designated a “Securitization Subsidiary” by the Board of Directors of the
Company (or a duly authorized committee thereof);

     (2) that does not engage in any activities other than Qualified Securitization
Transactions and any activity necessary or incidental thereto;

     (3) no portion of the Indebtedness or any other obligation, contingent or otherwise,
of which:

     (a) is Guaranteed by the Company or any Restricted Subsidiary in any way other
than pursuant to Standard Securitization Undertakings or Limited Originator
Recourse,

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     (b) is recourse to or obligates the Company or any other Restricted Subsidiary
in any way other than pursuant to Standard Securitization Undertakings or Limited
Originator Recourse, or

     (c) subjects any property or asset of the Company or any other Restricted
Subsidiary, directly or indirectly, contingently or otherwise, to the satisfaction
thereof other than pursuant to Standard Securitization Undertakings or Limited
Originator Recourse;

     (4) with respect to which neither the Company nor any other Restricted Subsidiary has
any obligation to maintain or preserve its financial condition or cause it to achieve
certain levels of operating results; and

     (5) with which neither the Company nor any Restricted Subsidiary has any material
contract, agreement, arrangement or understanding other than on terms no less favorable to
the Company or such Restricted Subsidiary than those that might be obtained at the time
from persons that are not Affiliates of the Company, other than Standard Securitization
Undertakings and fees payable in the ordinary course of business in connection with
servicing accounts receivable of such entity.

Any designation of a Subsidiary as a Securitization Subsidiary shall be evidenced to the
Trustee by filing with the Trustee a certified copy of the resolution of the board of
directors of the Company giving effect to the designation and an Officers’ Certificate
certifying that the designation complied with the preceding conditions.

          “Senior Debt” means:

     (1) all Indebtedness of the Company outstanding under Credit Facilities and all
Hedging Obligations with respect thereto;

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

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

          Notwithstanding anything to the contrary in the preceding, Senior Debt will not include:

     (a) any liability for federal, state, local or other taxes owed or owing by
the Company;

     (b) any Indebtedness of the Company to any of its Subsidiaries or other
Affiliates;

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     (c) any Trade Payables; or

     (d) the portion of any Indebtedness that is incurred in violation of this
Indenture.

          “Shelf Registration Statement” means the registration statement filed by the Company on Form
S-3 on May 13, 2011.

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

          “Special Record Date” for the payment of any Defaulted Interest on the Registered Securities
means a date fixed by the Trustee pursuant to Section 2.14 hereof.

          “Standard Securitization Undertakings” means representations, warranties, covenants and
indemnities entered into by the Company or any Restricted Subsidiary that are reasonably customary
in accounts receivable securitization transactions, as the case may be.

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

          “Subordinated Obligations” means any Indebtedness of the Company (whether outstanding on the
date hereof or thereafter incurred) that is subordinate or junior in right of payment to the Notes
pursuant to a written agreement to that effect.

          “Subsidiary” means, with respect to any specified Person:

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

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

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          “Subsidiary Guarantee” means a Guarantee by each Guarantor of the Company’s obligations under
this Indenture and on the Notes, executed pursuant to Section 4.17 hereof.

          “Tax Sharing Agreement” means the tax sharing agreement, dated December 31, 2002, by and among
the Company and each of its Subsidiaries party thereto.

          “TIA” means the Trust Indenture Act of 1939, as amended, and the rules and regulations
thereunder.

          “Total Debt” means all Indebtedness of the Company and its Restricted Subsidiaries, determined
on a consolidated basis.

          “Total Debt Ratio” as of the date of any event for which a calculation is required (the “date
of determination”) means the ratio of (a) the aggregate amount of Total Debt as of the date of
determination to (b) the Consolidated Cash Flow of the Company for the most recently ended four
full fiscal quarters for which internal financial statements are available immediately preceding
the date of determination, in each case with such pro forma adjustments as are appropriate and
consistent with the pro forma adjustment provisions set forth in the definition of “Fixed Charge
Coverage Ratio”.

          “Trade Payables” means, with respect to any Person, any accounts payable or any other
indebtedness or monetary obligation to trade creditors, physicians, hospitals, health maintenance
organizations or other health care providers created, assumed or guaranteed by such Person or any
of its Subsidiaries arising in the ordinary course of business in connection with the acquisition
of goods and services.

          “Treasury Rate” means, at the time of computation, the yield to maturity of United States
Treasury Securities with a constant maturity (as compiled and published in the most recent Federal
Reserve Statistical Release H.15(519) which has become publicly available at least two business
days prior to the Redemption Date or, if such Statistical Release is no longer published, any
publicly available source of similar market data) most nearly equal to the period from the
Redemption Date to June 1, 2017; provided, however, that if the period from the Redemption Date to
June 1, 2017 is not equal to the constant maturity of a United States Treasury Security for which a
weekly average yield is given, the Treasury Rate shall be obtained by linear interpolation
(calculated to the nearest one-twelfth of a year) from the weekly average yields of United States
Treasury Securities for which such yields are given, except that if the period from the Redemption
Date to June 1, 2017 is less than one year, the weekly average yield on actually traded United
States Treasury Securities adjusted to a constant maturity of one year shall be used.

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

26

 

          “Unrestricted Subsidiary” means as of the Issue Date, any Subsidiary of the Company (or any
successor to any of them) that is designated by the Board of Directors as an Unrestricted
Subsidiary pursuant to a Board Resolution, but only to the extent that such Subsidiary:

     (1) has no Indebtedness other than Non-Recourse Debt;

     (2) is not party to any agreement, contract, arrangement or understanding with the
Company or any Restricted Subsidiary of the Company unless the terms of any such agreement,
contract, arrangement or understanding are no less favorable to the Company or such
Restricted Subsidiary than those that might be obtained at the time from Persons who are
not Affiliates of the Company;

     (3) is a Person with respect to which neither the Company nor any of its Restricted
Subsidiaries has any direct or indirect obligation (a) to subscribe for additional Equity
Interests or (b) to maintain or preserve such Person’s financial condition or to cause such
Person to achieve any specified levels of operating results;

     (4) has not guaranteed or otherwise directly or indirectly provided credit support for
any Indebtedness of the Company or any of its Restricted Subsidiaries; and

     (5) has at least one director on its Board of Directors that is not a director or
executive officer of the Company or any of its Restricted Subsidiaries and has at least one
executive officer that is not a director or executive officer of the Company or any of its
Restricted Subsidiaries.

          Any designation of a Subsidiary of the Company as an Unrestricted Subsidiary will be evidenced
to the Trustee by filing with the Trustee a certified copy of the Board Resolution giving effect to
such designation and an Officers’ Certificate certifying that such designation complied with the
preceding conditions and was permitted by Section 4.10. If, at any time, any Unrestricted
Subsidiary would fail to meet the preceding requirements as an Unrestricted Subsidiary, it will
thereafter cease to be an Unrestricted Subsidiary for purposes of this Indenture and any
Indebtedness of such Subsidiary will be deemed to be incurred by a Restricted Subsidiary of the
Company as of such date and, if such Indebtedness is not permitted to be incurred as of such date
under Section 4.09, the Company will be in default of such Section. The Board of Directors of the
Company may at any time designate any Unrestricted Subsidiary to be a Restricted Subsidiary;
provided that such designation will be deemed to be an incurrence of Indebtedness by a Restricted
Subsidiary of the Company of any outstanding Indebtedness of such Unrestricted Subsidiary and such
designation will only be permitted if (1) such Indebtedness is permitted under Section 4.09,
calculated on a pro forma basis as if such designation had occurred at the beginning of the
four-quarter reference period; and (2) no Default or Event of Default would be in existence
following such designation.

27

 

          “U.S. Government Securities” means (1) direct obligations of the United States of America for
the timely payment of which its full faith and credit is pledged, or (2) obligations of a Person
controlled or supervised by and acting as an agency or instrumentality of the United States of
America, the timely payment of which is unconditionally guaranteed as a full faith and credit
obligation by the United States of America.

          “Voting Stock” of any Person as of any date means the Capital Stock of such Person that is at
the time entitled to vote in the election of the Board of Directors of such Person.

          “Weighted Average Life to Maturity” means, when applied to any Indebtedness at any date, the
number of years obtained by dividing:

     (1) the sum of the products obtained by multiplying (a) the amount of each then
remaining installment, sinking fund, serial maturity or other required payments of
principal, including payment at final maturity, in respect of the Indebtedness, by (b) the
number of years (calculated to the nearest one-twelfth) that will elapse between such date
and the making of such payment; by

     (2) the then outstanding principal amount of such Indebtedness.

          Section 1.02 Other Definitions.

	 	 	 	 	 
	Term	 	Defined in Section
	“Acceleration Notice”

	 	 	6.02	 
	“Acceptable Commitment”

	 	 	4.12	 
	“Affiliate Transaction”

	 	 	4.14	 
	“Asset Sale Offer”

	 	 	4.12	 
	“Benefited Party”

	 	 	10.01	 
	“Change of Control Amount”

	 	 	4.16	 
	“Change of Control Offer”

	 	 	4.16	 
	“Covenant Defeasance”

	 	 	8.03	 
	“Defaulted Interest”

	 	 	2.14	 
	“DTC”

	 	 	2.05	 
	“Event of Default”

	 	 	6.01	 
	“Legal Defeasance”

	 	 	8.02	 
	“losses”

	 	 	7.07	 
	“Offer Amount”

	 	 	3.08	 
	“Offer Period”

	 	 	3.08	 
	“Offer to Purchase”

	 	 	3.08	 
	“Paying Agent”

	 	 	2.05	 
	“Payment Default”

	 	 	6.01	 
	“Purchase Date”

	 	 	3.08	 
	“Purchase Price”

	 	 	3.08	 
	“Registrar”

	 	 	2.05	 

28

 

          Section 1.03 Incorporation by Reference of Trust Indenture Act.

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

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

          “indenture securities” means the Notes and the Subsidiary Guarantees, if any;

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

          “indenture to be qualified” means this Indenture;

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

          “obligor” on the Notes means the Company and any successor obligor upon the Notes.

          (c) All other terms used in this Indenture that are defined by the TIA, defined by TIA
reference to another statute or defined by Commission rule under the TIA and not otherwise defined
herein have the meanings so assigned to them either in the TIA, by another statute or Commission
rule, as applicable.

          Section 1.04 Rules of Construction.

          (a) Unless the context otherwise requires:

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

          (2) an accounting term not otherwise defined herein 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) all references in this instrument to “Articles,” “Sections” and other subdivisions
are to the designated Articles, Sections and subdivisions of this instrument as originally
executed;

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

          (7) “including” means “including without limitation;”

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          (8) provisions apply to successive events and transactions; and

          (9) references to sections of or rules under the Securities Act, the Exchange Act or
the TIA shall be deemed to include substitute, replacement or successor sections or rules
adopted by the Commission from time to time thereunder.

ARTICLE 2.

THE NOTES

          Section 2.01 Form Generally.

          The Notes shall be substantially in the form of Exhibit A hereto with such appropriate
insertions, omissions, substitutions and other variations as are required or permitted by this
Indenture, and may have such letters, numbers or other marks of identification and such legends or
endorsements placed thereon as may be required to comply with the rules of any securities exchange
or as may, consistently herewith, be determined by the Officers executing such Notes as evidenced
by their execution of the Notes.

          The certificated Notes shall be printed, lithographed or engraved or produced by any
combination of these methods or may be produced in any other manner, provided that such method is
permitted by the rules of any securities exchange on which such Notes may be listed, all as
determined by the Officers executing such Notes as evidenced by their execution of such Notes.

          Section 2.02 Execution, Authentication Delivery and Dating.

          Two Officers shall sign the Notes for the Company by manual, facsimile or electronic
signature. If an Officer whose signature is on a Note no longer holds that office at the time a
Note is authenticated, the Note shall nevertheless be valid.

          A Note shall not be valid until authenticated by the manual, facsimile or electronic signature
of the Trustee. The signature shall be conclusive evidence that the Note has been authenticated
under this Indenture.

          At any time and from time to time after the execution and delivery of this Indenture, the
Company may deliver Notes executed by the Company to the Trustee for authentication, together with
a Company Order for the authentication and delivery of such Notes; and the Trustee in accordance
with such Company Order shall authenticate and deliver such Notes.

          No Note shall be entitled to any benefit under this Indenture or be valid or obligatory for
any purpose unless there appears on such Note a certificate of authentication substantially in the
form provided for herein duly executed by the Trustee by manual, facsimile or electronic signature
of an authorized signatory, and such certificate upon any Note shall be conclusive evidence, and
the only evidence, that such
Note has been duly authenticated and delivered hereunder. The Trustee’s certificate of
authentication shall be in substantially the following form:

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

	 	 	 

	 

	 	The Bank of New York Mellon Trust
	 

	 	Company, N.A.,
	 

	 	as Trustee
	Date: ___________
	 	 
	 

	 	By:
	 

	 	Authorized Signatory

          Each Note shall be dated the date of its authentication.

          With respect to Notes that are not to be originally issued at one time, the Trustee may
conclusively rely, as to the authorization by the Company of any of such Notes, the forms and terms
thereof and the legality, validity, binding effect and enforceability thereof, upon the Opinion of
Counsel and the other documents delivered pursuant to this Section, as applicable, in connection
with the first authentication of Notes.

          Notwithstanding the foregoing, if any Note shall have been duly authenticated and delivered
hereunder but never issued and sold by the Company, and the Company shall deliver such Note to the
Trustee for cancellation as provided in Section 2.12 hereof together with a written statement
stating that such Note has never been issued and sold by the Company, for all purposes of this
Indenture such Note shall be deemed never to have been authenticated and delivered hereunder and
shall never be entitled to the benefits of this Indenture.

          Section 2.03 Notes in Global Form.

          Notes issued as a Global Note shall represent such of the outstanding Notes as shall be
specified therein and may provide that it shall represent the aggregate principal amount of
outstanding Notes from time to time endorsed thereon or otherwise notated on the books and records
of the Registrar 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 aggregate principal amount of any
increase or decrease in the amount of outstanding Notes represented thereby shall be made by the
Trustee in such manner and upon instructions given by the Holder thereof.

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

          The provisions of the last sentence of Section 2.02 hereof shall apply to any Note
represented by a Global Note if such Note was never issued and sold by the Company, and the Company
delivers to the Trustee the Note in global form together with
written instructions with regard to the reduction in the principal amount of Notes represented
thereby, together with the written statement contemplated by the last sentence of Section 2.02
hereof.

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          Notwithstanding the provisions of this Sections 2.02 and 2.14 hereof, payment of principal of
and any interest on any Global Note shall be made to the person or persons specified therein.

          None of the Company, the Trustee, any Paying Agent or Registrar will have any responsibility
or liability for any aspect of the records relating to or payments made on account of beneficial
ownership interests of a Global Note or for maintaining, supervising or reviewing any records
relating to such beneficial ownership interests.

          Section 2.04 Amount of Notes.

          On the Issue Date, the Trustee shall authenticate and deliver $250,000,000 aggregate principal
amount of 5.75% Senior Notes due June 1, 2017 and, at any time and from time to time thereafter,
the Trustee shall authenticate and deliver Notes for original issue in an aggregate principal
amount specified in a Company Order. Such order shall specify the amount of the Notes to be
authenticated and the date on which the original issue of Notes is to be authenticated and, in the
case of an issuance of Additional Notes pursuant to Section 2.16 after the Issue Date, shall
certify that such issuance is in compliance with Section 4.09. The aggregate principal amount of
Notes which may be authenticated and delivered under this Indenture is unlimited, subject to
compliance with Section 4.09 hereof. The Notes may have notations, legends or endorsements
required by law, stock exchange rules or usage. The Notes shall be in denominations of $2,000 and
integral multiples of $1,000 in excess thereof.

          All Notes shall be substantially identical except as to the date from which interest shall
accrue and except as may otherwise be provided in any indenture supplemental hereto.

          If any of the terms of the Notes are established by action taken pursuant to a Board
Resolution, a copy of any appropriate record of such action shall be certified by the Secretary or
an Assistant Secretary of the Company and delivered to the Trustee at or prior to the delivery of
the Officers’ Certificate setting forth the terms of the Notes.

          The Notes, including any Additional Notes, shall be treated as a single class for all purposes
under this Indenture, including, without limitation, waivers, amendments, redemptions and offers to
purchase.

          Section 2.05 Registrar and Paying Agent.

          The Company shall maintain, with respect to the Notes, an office or agency where Notes may be
presented for registration of transfer or for exchange (“Registrar”) and an office or agency where
Notes may be presented for payment (“Paying Agent”) in the Borough of Manhattan, the City of New
York. The Registrar shall keep a register (the “Note 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 of Paying Agent, the Trustee shall act as such. The Company or any of its Restricted
Subsidiaries may act as Paying Agent or Registrar.

32

 

          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 Registrar and Paying Agent and to act as
Custodian with respect to the Global Notes, and the Trustee hereby agrees so to initially act.

          Section 2.06 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 will hold in trust for the benefit of Holders or the Trustee all money held by the
Paying Agent for the payment of principal of, premium, if any, or interest on the Notes, and will
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 funds held by it relating to
the Notes to the Trustee. The Company at any time may require a Paying Agent to pay all funds held
by it to the Trustee. Upon payment over to the Trustee, the Paying Agent (if other than the
Company or a Restricted Subsidiary) shall have no further liability for such funds. If the Company
or a Restricted Subsidiary acts as Paying Agent, it shall segregate and hold in a separate trust
fund for the benefit of the Holders all funds held by it as Paying Agent. Upon any Event of
Default under Sections 6.01(i) and (j) hereof relating to the Company, the Trustee shall serve as
Paying Agent for the Notes.

          Section 2.07 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 cause to be furnished
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 and the Company shall otherwise
comply with TIA §312(a).

          Section 2.08 Registration; Registration of Transfer and Exchange.

          Upon surrender for registration of transfer of any Notes at an office or agency of the Company
designated pursuant to Section 4.02 hereof for such purpose, the Company shall execute, and the
Trustee shall authenticate and deliver, in the name of the designated transferee or transferees,
one or more new Notes of any authorized
denominations, of a like aggregate principal amount. The Company shall not charge a service
charge for any registration of transfer or exchange, but the Company may require payment of a sum
sufficient to pay all taxes, assessments or other governmental charges that may be imposed in
connection with the transfer or exchange of the Notes from the Holder requesting such transfer or
exchange (other than any exchange of a temporary Note for a permanent Note not involving any change
in ownership or any exchange pursuant to Sections 2.12, 3.06 or 9.05 hereof, not involving any
transfer).

33

 

          Notwithstanding any other provisions (other than the provisions set forth in the fourth
paragraph) of this Section 2.08, a Global Note representing all or a portion of the Notes may not
be transferred except as a whole by the Depositary to a nominee of such Depositary or by a nominee
of such Depositary to such Depositary or another nominee of such Depositary or by such Depositary
or any such nominee to a successor Depositary or a nominee of such successor Depositary.

          Each Global Note is exchangeable for Notes in certificated form only if (i) the Depositary
notifies the Company that it is unwilling or unable to continue as Depositary for such Global Notes
or if at any time the Depositary ceases to be a clearing agency registered under the Exchange Act
and the Company fails within 90 days thereafter to appoint a successor Depositary, (ii) the Company
in its sole discretion determines that such Global Note shall be exchangeable or (iii) there shall
have occurred and be continuing a Default with respect to the Notes represented by such Global
Notes. In any such event the Company will issue, and the Trustee, upon receipt of a Company Order
for the authentication and delivery of certificated Notes, will authenticate and deliver Notes in
certificated form in exchange for such Global Note. In any such instance, an owner of a beneficial
interest in either Global Note will be entitled to physical delivery in certificated form of Notes
equal in principal amount to such beneficial interest and to have such Notes registered in its
name. Notes so issued in certificated form will be issued in denominations of $2,000 or any larger
amount that is an integral multiple of $1,000, and will be issued in registered form only, without
coupons.

          Upon the exchange of a Global Note for Notes in certificated form, such Global Note shall be
cancelled by the Trustee. All cancelled Notes held by the Trustee shall be disposed of by the
Trustee and, upon written request by the Company, a certificate of their disposal delivered to the
Company. Definitive Notes issued in exchange for a Global Note pursuant to this Section 2.08
hereof shall be registered in such names and in such authorized denominations as the Depositary for
such Note in global form, pursuant to instructions from its direct or indirect participants or
otherwise, shall instruct the Trustee in writing. The Trustee shall deliver such Notes as
instructed in writing by the Depositary.

          At the option of the Holders of certificated Notes, certificated Notes may be exchanged for
other certificated Notes of any authorized denomination or denominations of like aggregate
principal amount and tenor, upon surrender of the certificated Notes to be exchanged at such office
or agency. Whenever any certificated Notes are so surrendered for exchange, the Company shall
execute, and the Trustee shall
authenticate and deliver, the certificated Notes which the Holder making the exchange is
entitled to receive.

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

          Every Note presented or surrendered for registration of transfer or for exchange shall be duly
endorsed, or be accompanied by a written instrument of transfer in form satisfactory to the Company
and the Registrar duly executed, by the Holder thereof or his or her attorney duly authorized in
writing.

          The Company shall not be required (i) to issue, register the transfer of or exchange any Notes
during a period beginning 15 Business Days before any selection of Notes to be redeemed and ending
at the close of business on the day of the mailing of the relevant notice of redemption or (ii) to
register the transfer of or exchange any Note so selected for redemption, in whole or in part,
except the unredeemed portion of any Note being redeemed in part.

          Section 2.09 Replacement Notes.

          If any mutilated Note is surrendered to the Trustee or the Company and the Trustee receives
evidence to its satisfaction of the destruction, loss or theft of any Note, the Company shall issue
and, upon receipt of a Company Order, the Trustee shall authenticate a replacement Note. If
required by the Trustee or the Company, the Holder of such Note shall provide indemnity that is
sufficient, in the judgment of the Trustee or the Company, to protect the Company, the Trustee, any
Agent and any authenticating agent from any loss that any of them may suffer in connection with
such replacement. If required by the Company, such Holder shall reimburse the Company for its
reasonable expenses in connection with such replacement.

          Every replacement Note issued in accordance with this Section 2.09 shall be the valid
obligation of the Company, evidencing the same debt as the destroyed, lost or stolen Note, and
shall be entitled to all of the benefits of this Indenture equally and proportionately with all
other Notes duly issued hereunder.

          Section 2.10 Outstanding Notes.

          The Notes outstanding at any time shall be the entire principal amount of Notes represented by
all of the Global Notes and Definitive Notes authenticated by the Trustee except for those
cancelled by it, those delivered to it for cancellation, those subject to reductions in beneficial
interests effected by the Trustee in accordance with the provisions hereof, and those described in
this Section 2.10 as not outstanding. Except as set forth in Section 2.11 hereof, a Note shall not
cease to be outstanding because the Company or an Affiliate of the Company holds the Note.

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          If a Note is replaced pursuant to Section 2.09 hereof, it shall cease to be outstanding unless
the Trustee receives proof satisfactory to it that the replaced Note is held by a bona fide
purchaser.

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

          If the Paying Agent (other than the Company, a Subsidiary or an Affiliate of any thereof)
holds, on a Redemption Date, a Purchase Date or a maturity date, funds 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 2.11 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 Affiliate of the Company,
shall be disregarded and deemed not to be outstanding, except that for the purpose of determining
whether the Trustee shall be protected in relying on any such direction, waiver or consent, only
Notes that a Responsible Officer of the Trustee knows are so owned shall be so disregarded.

          Section 2.12 Temporary Notes.

          Until certificates representing Notes are ready for delivery, the Company may prepare and,
upon receipt of a Company Order in accordance with Section 2.02 hereof, the Trustee 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 Global Notes or Definitive Notes in exchange for
temporary Notes, as applicable. After preparation of Definitive Notes, the Temporary Note will be
exchangeable for Definitive Notes upon surrender of the Temporary Notes.

          Holders of temporary Notes shall be entitled to all of the benefits of this Indenture as
permanent Notes.

          Section 2.13 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 and no one else shall cancel all Notes surrendered for
registration of transfer, exchange, payment, replacement or cancellation and shall dispose of
cancelled Notes (subject to the record retention requirement of the Exchange Act or other
applicable laws) unless by written order, signed by an Officer of the Company, the Company directs
them to be returned to it.

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          Certification of the disposal of all cancelled Notes shall be delivered to the Company from
time to time upon request. 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 2.14 Payment of Interest; Defaulted Interest.

          Interest on any Note which is payable, and is punctually paid or duly provided for, on any
Interest Payment Date shall be paid to the person in whose name that Note (or one or more
Predecessor Notes) is registered at the close of business on the Regular Record Date for such
interest.

          If the Company defaults in a payment of interest on the Notes which is payable (“Defaulted
Interest”), it shall pay the Defaulted Interest in any lawful manner plus, to the extent lawful,
interest payable on the Defaulted Interest, to the Persons who are Holders on a subsequent Special
Record Date, in each case at the rate provided in the Notes. The Company shall notify the Trustee
in writing of the amount of Defaulted Interest proposed to be paid on each Notes and the date of
the proposed payment. The Company shall fix or cause to be fixed each such Special Record Date and
payment date, provided that no such Special Record Date shall be less than 10 days prior to the
related payment date for such Defaulted Interest. At least 15 days before the Special Record Date,
the Company (or, upon the written request of the Company, the Trustee in the name and at the
expense of the Company) shall mail or cause to be mailed to Holders a notice that states the
Special Record Date, the related payment date and the amount of such interest to be paid.

          Subject to the foregoing provisions of this Section 2.14 and Section 2.08 hereof, 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 2.15 CUSIP or ISIN 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 or
Offers to Purchase as a convenience to Holders; provided, however, that any such notice may state
that no representation is made as to the correctness of such numbers either as printed on the Notes
or as contained in any notice of a redemption or notice of an Offer to Purchase and that reliance
may be placed only on the other identification numbers printed on the Notes, and any such
redemption or Offer to Purchase 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 2.16 Additional Notes.

          The Company shall be entitled, subject to its compliance with Section 4.09 hereof, to issue
Additional Notes under this Indenture which shall have identical terms as the Initial Notes issued
on the date hereof, other than with respect to the date of issuance
and issue price. The Initial Notes issued on the date hereof and any Additional Notes shall
be treated as a single class for all purposes under this Indenture, including directions, waivers,
amendments, consents, redemptions and Offers to Purchase.

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          With respect to any Additional Notes, the Company shall set forth in a Board Resolution and an
Officers’ Certificate, a copy of each of which shall be delivered to the Trustee, the following
information:

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

          (2) the issue price, the Issue Date and the CUSIP and/or ISIN number of such
Additional Notes.

          Section 2.17 Record Date.

          The record date for purposes of determining the identity of Holders of Notes entitled to vote
or consent to any action by vote or consent or permitted under this Indenture shall be determined
as provided for in TIA §316(c).

          Section 2.18 Persons Deemed Owners.

          Prior to due presentment of a Note for registration of transfer, the Company, the Trustee and
any agent of the Company or the Trustee may treat the person in whose name such Note is registered
as the owner of such Note for the purpose of receiving payment of principal of and (except as
otherwise specified as contemplated by the first paragraph of Section 2.04 hereof and subject to
Sections 2.07 and 2.13 hereof) interest on such Note and for all other purposes whatsoever, whether
or not such Note be overdue, and neither the Company, the Trustee nor any agent of the Company or
the Trustee shall be affected by notice to the contrary.

          None of the Company, the Trustee, any Paying Agent or the Registrar will have any
responsibility or liability for any aspect of the records relating to or payments made on account
of beneficial ownership interests of a Note in global form or for maintaining, supervising or
reviewing any records relating to such beneficial ownership interests.

          Section 2.19 Computation of Interest.

          Interest on the Notes will be computed on the basis of a 360-day year comprised of twelve
30-day months. Interest on the Initial Notes will accrue from May 27, 2011.

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ARTICLE 3.

REDEMPTION AND PREPAYMENT

          Section 3.01 Notices to Trustee.

          Except as set forth in Paragraph 5 of the Notes set forth in Exhibit A, the Company
will not be entitled to redeem the Notes at its option prior to their Stated Maturity.

          If the Company elects to redeem Notes, it shall furnish to the Trustee, at least 30 days (or
such shorter period as may be acceptable to the Trustee) but not more than 60 days before a
Redemption Date, an Officers’ Certificate setting forth (a) the applicable section of this
Indenture pursuant to which the redemption shall occur, (b) the Redemption Date, (c) the principal
amount of Notes to be redeemed and (d) the Redemption Price.

          Section 3.02 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 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 deems
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 30 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 selected shall be in amounts of $2,000 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 3.03 Notice of Redemption.

          At least 30 days but not more than 60 days prior to 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 such Holder’s registered address appearing in the Note Register, except that
redemption notices may be mailed more than 60 days prior to a Redemption Date if the notice is
issued in connection with a defeasance pursuant to Article 8 hereof or a satisfaction and discharge
pursuant to Article 11 hereof.

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

          (a) the Redemption Date;

          (b) the appropriate method for calculation of the redemption price, but need not include the
Redemption Price itself; the actual Redemption Price shall be set forth in an Officers’ Certificate
delivered to the Trustee no later than two (2) Business Days prior to the Redemption Date.

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          (c) if any Note is being redeemed in part, the portion of the principal amount of such Note to
be redeemed and that, after the Redemption Date upon surrender of such Note, if applicable, 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 applicable 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 of the CUSIP and/or ISIN numbers, 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 (or such shorter period allowed by the Trustee), prior to the Redemption Date, an
Officers’ Certificate requesting that the Trustee give such notice (in the name and at the expense
of the Company) and setting forth the information to be stated in such notice as provided in this
Section 3.03.

          Section 3.04 Effect of Notice of Redemption.

          Once notice of redemption is mailed in accordance with Section 3.03 hereof, Notes called for
redemption shall become irrevocably due and payable on the Redemption Date at the Redemption Price.
Notice of any redemption may, at the Company’s discretion, be subject to one or more conditions
precedent.

          Section 3.05 Deposit of Redemption Price.

          On or prior to 11:00 a.m. Eastern time on the Business Day prior to any Redemption Date, the
Company shall deposit with the Trustee or with the Paying Agent (or, if the Company or any of its
Restricted Subsidiaries is the Paying Agent, shall segregate and hold in trust) money sufficient to
pay the Redemption Price of and, if applicable, accrued and unpaid interest on all Notes to be
redeemed on that date. The Trustee or the Paying Agent shall promptly, and in any event within two
(2) Business Days after the Redemption Date, 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, if any, on, all Notes to be redeemed.

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          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
purchase or redemption in accordance with Section 2.08 hereof, whether or note such Notes are
presented for payment. If a Note is redeemed on or after a Regular Record Date but on or prior to
the related Interest Payment Date, then any accrued and unpaid interest, if any, shall be paid to
the Person in whose name such Note was registered at the close of business on such Regular 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 4.01 hereof.

          Section 3.06 Notes Redeemed in Part.

          Upon surrender of a Note that is redeemed in part, the Company shall issue and, upon receipt
of a Company Order in accordance with Section 2.02 hereof, 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 3.07 Mandatory Redemption.

          Except as set forth in Sections 4.12 and 4.16 hereof, the Company shall not be required to
make mandatory redemption or sinking fund payments with respect to, or offer to purchase, the
Notes.

          Section 3.08 Offer To Purchase.

          (a) In the event that, pursuant to Sections 4.12 or 4.16 hereof, the Company shall be required
to commence an Asset Sale Offer or a Change of Control Offer (each, an “Offer to Purchase”), it
shall follow the procedures specified below.

          (b) The Company shall cause a notice of the Offer to Purchase to be sent at least once to the
Dow Jones News Service or similar business news service in the United States.

          (c) The Company shall commence the Offer to Purchase by sending, by first-class mail, with a
copy to the Trustee, to each Holder at such Holder’s address appearing in the Note Register, a
notice the terms of which shall govern the Offer to Purchase stating:

          (1) that the Offer to Purchase is being made pursuant to this Section 3.08 and
Sections 4.12 or 4.16, as the case may be, and, in the case of a Change of Control Offer,
that a Change of Control has occurred, the circumstances and relevant facts regarding the
Change of Control and that a Change of Control Offer is being made pursuant to Section
4.16;

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          (2) the principal amount of Notes required to be purchased pursuant to Sections 4.12
or 4.16, as the case may be (the “Offer Amount”), the purchase price set forth in Sections
4.12 or 4.16, as applicable (the “Purchase Price”), the Offer Period and the Purchase Date
(each as defined below);

          (3) except as provided in clause (9), that all Notes timely tendered and not withdrawn
shall be accepted for payment;

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

          (5) that, unless the Company defaults in making such payment, any Note accepted for
payment pursuant to the Offer to Purchase shall cease to accrue interest after the Purchase
Date;

          (6) that Holders electing to have a Note purchased pursuant to an Offer to Purchase
may elect to have Notes purchased equal to $2,000 or in integral multiples of $1,000 only;

          (7) that Holders electing to have a Note purchased pursuant to any Offer to Purchase
shall be required to surrender the Note, with the form entitled “Option of Holder to Elect
Purchase” on the reverse of the Note completed, or transfer by book-entry transfer, to the
Company, the Depositary, if appointed by the Company, or a Paying Agent at the address
specified in the notice before the close of business on the third Business Day before the
Purchase Date;

          (8) that Holders shall be entitled to withdraw their election if the Company, the
Depositary or the Paying Agent, as the case may be, receives, not later than the expiration
of the Offer Period, a telegram, facsimile transmission or letter setting forth the name of
the Holder, the principal amount of the Note (or portions thereof) the Holder delivered for
purchase and a statement that such Holder is withdrawing his election to have such Note
purchased;

          (9) that, in the case of an Asset Sale Offer, if the aggregate principal amount of
Notes surrendered by Holders exceeds the Offer Amount, the Company shall select the Notes
to be purchased on a pro rata basis (with such adjustments as may be deemed appropriate by
the Company so that only Notes in denominations of $2,000 or integral multiples of $1,000
shall be purchased);

          (10) that Holders whose Notes were purchased in part shall be issued new Notes equal
in principal amount to the unpurchased portion of the Notes surrendered (or transferred by
book-entry transfer); and

          (11) any other procedures the Holders must follow in order to tender their Notes (or
portions thereof) for payment and the procedures that Holders must follow in order to
withdraw an election to tender Notes (or portions thereof) for payment.

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          (d) The Offer to Purchase shall remain open for a period of at least 30 days but no more than
60 days following its commencement, except to the extent that a longer period is required by
applicable law (the “Offer Period”). No later than five (5) Business Days (and in any event no
later than the 60th day following the Change of Control) after the termination of the Offer Period
(the “Purchase Date”), the Company shall purchase the Offer Amount or, if less than the Offer
Amount has been tendered, all Notes tendered in response to the Offer to Purchase. Payment for any
Notes so purchased shall be made in the same manner as interest payments are made. The Company
shall publicly announce the results of the Offer to Purchase on or as soon as practicable after the
Purchase Date.

          (e) On or prior to the Purchase Date, the Company shall, to the extent lawful:

          (1) accept for payment (on a pro rata basis to the extent necessary in connection with
an Asset Sale Offer), the Offer Amount of Notes or portions of Notes properly tendered and
not withdrawn pursuant to the Offer to Purchase, or if less than the Offer Amount has been
tendered, all Notes tendered;

          (2) deposit with the Paying Agent funds in an amount equal to the Purchase Price in
respect of all Notes or portions of Notes properly tendered; and

          (3) deliver or cause to be delivered to the Trustee the Notes properly accepted
together with an Officers’ Certificate stating the aggregate principal amount of Notes or
portions of Notes being purchased by the Company and that such Notes or portions thereof
were accepted for payment by the Company in accordance with the terms of this Section 3.08.

          (f) The Paying Agent (or the Company, if acting as the Paying Agent) shall promptly (but in
the case of a Change of Control, not later than 60 days from the date of the Change of Control)
deliver to each tendering Holder the Purchase Price. In the event that any portion of the Notes
surrendered is not purchased by the Company, the Company shall promptly execute and issue a new
Note in a principal amount equal to such unpurchased portion of the Note surrendered, and, upon
receipt of a Company Order in accordance with Section 2.02 hereof, the Trustee shall authenticate
and deliver (or cause to be transferred by book-entry) such new Note to such Holder, in a principal
amount equal to any unpurchased portion of the Note surrendered; provided, however, that each such
new Note shall be in a principal amount of $2,000 or an integral multiple of $1,000. Any Note not
so accepted shall be promptly mailed or delivered by the Company to the Holder thereof.

          (g) If the Purchase Date is on or after a Regular Record Date and on or before the related
Interest Payment Date, any accrued and unpaid interest shall be paid to the Person in whose name a
Note is registered at the close of business on such Regular Record Date.

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          (h) The Company shall comply, to the extent applicable, with the requirements of Rule 14e-1
under the Exchange Act and any other securities laws and regulations thereunder to the extent those
laws and regulations are applicable in connection with the Offer to Purchase. To the extent that
the provisions of any securities laws or regulations conflict with Sections 4.12 or 4.16, as
applicable, this Section 3.08 or other provisions of this Indenture, the Company shall comply with
applicable securities laws and regulations and shall not be deemed to have breached its obligations
under Sections 4.12 or 4.16, as applicable, this Section 3.08 or such other provision by virtue of
such compliance.

          Other than as specifically provided in this Section 3.08, any purchase pursuant to this
Section 3.08 shall be made in accordance with the provisions of Sections 3.01 through 3.06 hereof.

ARTICLE 4.

COVENANTS

          Section 4.01 Payment of Notes.

          The Company shall pay or cause to be paid the principal of, premium, if any, and interest on,
the Notes on the dates and in the manner provided in this Indenture and 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 11:00 a.m. 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. Such Paying Agent shall
return to the Company promptly, and in any event, no later than five (5) Business Days following
the date of payment, any money (including accrued interest) that exceeds such amount of principal,
premium, if any, and interest paid on the Notes. If a payment date is a Legal Holiday at a place
of payment, payment may be made at that place on the next succeeding day that is not a Legal
Holiday, and no interest shall accrue on such payment for the intervening period.

          The Company shall pay interest (including post-petition interest in any proceeding under any
Bankruptcy Law) on overdue principal and premium, if any, from time to time on demand at a rate
that is 1.0% per annum in excess of the rate then in effect; it shall pay interest (including
post-petition interest in any proceeding under any Bankruptcy Law) on overdue installments of
interest (without regard to any applicable grace periods), from time to time on demand at the same
rate to the extent lawful.

          Interest shall be computed on the basis of a 360-day year of twelve 30-day months.

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          Section 4.02 Maintenance of Office or Agency.

          (a) The Company shall maintain an office or agency (which may be an office or drop facility of
the Trustee or an affiliate of the Trustee, Registrar or co-
registrar) where Notes may be presented or surrendered for registration of transfer or for
exchange and where notices and demands to or upon the Company in respect of the Notes and this
Indenture may be served. The Company shall give prompt written notice to the Trustee of the
location, and any change in the location, of such office or agency. If at any time the Company
shall fail to maintain any such required office or agency or shall fail to furnish the Trustee with
the address thereof, such presentations, surrenders, notices and demands may be made or served at
the Corporate Trust Office of the Trustee, and the Company hereby appoints the Trustee as its agent
to receive all such presentations, surrenders, notices and demands.

          (b) The Company may also from time to time designate one or more other offices or agencies
where the Notes may be presented or surrendered for any or all such purposes and may from time to
time rescind such designations. The Company shall give prompt written notice to the Trustee of any
such designation or rescission and of any change in the location of any such other office or
agency.

          (c) The Company hereby designates the Corporate Trust Office of the Trustee, as one such
office, drop facility or agency of the Company in accordance with Section 2.05 hereof.

          Section 4.03 SEC Reports.

          (a) Whether or not required, so long as the Notes are outstanding the Company will file with
the SEC (unless the SEC will not accept such filing), within the time periods specified in the
SEC’s rules and regulations and deliver to the Trustee within 15 days after the filing of the same
would be required by the SEC, copies of the quarterly and annual reports and of the information,
documents and other reports, if any, which the Company is required to file with the SEC pursuant to
Section 13 or 15(d) of the Exchange Act. Notwithstanding that the Company may not be subject to the
reporting requirements of Section 13 or 15(d) of the Exchange Act, so long as the Notes are
outstanding the Company will file with the SEC, to the extent permitted, and provide the Trustee
with such annual reports and such information, documents and other reports specified in Sections 13
and 15(d) of the Exchange Act within the time periods specified in the SEC’s rules and regulations.
The Company will be deemed to have furnished such reports referred to in this section to the
Trustee and the Holders of the Notes if the Company has filed such reports with the SEC via the
EDGAR filing system and such reports are publicly available.

          (b) Delivery of such reports, information and documents to the Trustee is for informational
purposes only and the Trustee’s receipt of such shall not constitute constructive notice of any
information contained therein or determinable from information contained therein, including the
Company’s compliance with any of its covenants hereunder (as to which the Trustee is entitled to
rely exclusively on Officers’ Certificates).

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          Section 4.04 Compliance Certificate.

          (a) The Company shall deliver to the Trustee, within 90 days after the end of each fiscal
year, commencing with the fiscal year ended December 31, 2011, 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 the best of his or her knowledge the Company and its Subsidiaries have kept,
observed, performed and fulfilled each and every covenant contained in this Indenture and is 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, 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 the best of his or her knowledge no event has
occurred and remains in existence by reason of which payments on account of the principal of,
premium, if any, or interest 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.

          (b) The Company shall otherwise comply with TIA §314(a)(2).

          (c) The Company shall deliver to the Trustee, within 30 days after the occurrence thereof,
written notice in the form of an Officers’ Certificate of any event that with the giving of notice
and/or the lapse of time would become an Event of Default, its status and what action the Company
is taking or proposes to take with respect thereto.

          Section 4.05 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 being contested in good
faith and by appropriate proceedings or where the failure to effect such payment is not adverse in
any material respect to the Holders.

          Section 4.06 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.

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          Section 4.07 Corporate Existence.

          Subject to Article 5 hereof, the Company shall do or cause to be done all things necessary to
preserve and keep in full force and effect (i) its corporate existence,
and the corporate, partnership or other existence of each Restricted Subsidiary, in accordance
with the respective organizational documents (as the same may be amended from time to time) of the
Company or any such Restricted Subsidiary and (ii) the rights (charter and statutory), licenses and
franchises of the Company and its Restricted Subsidiaries; provided, 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 Restricted Subsidiary, 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 Restricted Subsidiaries, taken as a whole, and that the loss thereof is not
adverse in any material respect to the Holders of the Notes, or that such preservation is not
necessary in connection with any transaction not prohibited by this Indenture.

          Section 4.08 Payments for Consent.

          The Company will not, and will not permit any of its Restricted Subsidiaries to, directly or
indirectly, pay or cause to be paid any consideration, whether by way of interest, fee or
otherwise, to or for the benefit of any Holder for or as an inducement to any consent, waiver or
amendment of any of the terms or provisions of this Indenture or the Notes unless such
consideration is offered to be paid and is paid to all Holders that consent, waive or agree to
amend in the time frame set forth in the solicitation documents relating to such consent, waiver or
agreement.

          Section 4.09 Incurrence of Indebtedness and Issuance of Preferred Stock.

          (a) The Company will not, and will not permit any of its Restricted Subsidiaries to, directly
or indirectly, create, incur, issue, assume, Guarantee or otherwise become directly or indirectly
liable, contingently or otherwise, with respect to (collectively, “incur”) any Indebtedness
(including Acquired Debt), and the Company will not issue any Disqualified Stock and will not
permit any of its Restricted Subsidiaries to issue any shares of preferred stock (including
Disqualified Stock) other than to the Company; provided, however, that the Company may incur
Indebtedness (including Acquired Debt) or issue Disqualified Stock and any Guarantor may incur
Indebtedness (including Acquired Debt), if the Fixed Charge Coverage Ratio for the Company’s most
recently ended four full fiscal quarters for which internal financial statements are available
immediately preceding the date on which such additional Indebtedness is incurred or such
Disqualified Stock is issued would have been at least 2.0 to 1.0, determined on a pro forma basis
(including a pro forma application of the net proceeds therefrom), as if the additional
Indebtedness had been incurred or the preferred stock or Disqualified Stock had been issued, as the
case may be, at the beginning of such four-quarter period.

          (b) So long as no Default shall have occurred or be continuing or would be caused thereby,
Section 4.09(a) will not prohibit the incurrence of any of the following items of Indebtedness
(collectively, “Permitted Debt”):

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     (1) the incurrence by the Company or any Restricted Subsidiary of additional
Indebtedness and letters of credit under one or more Credit Facilities; provided
that the aggregate principal amount of all Indebtedness and letters of credit of
the Company and any Restricted Subsidiaries incurred pursuant to this clause (1)
(with letters of credit being deemed to have a principal amount equal to the
maximum potential liability of the Company and any Restricted Subsidiaries
thereunder) does not exceed the greater of (x) $400.0 million and (y) 20.0% of
Consolidated Total Assets (less the aggregate principal amount of Indebtedness
incurred by Securitization Subsidiaries and then outstanding pursuant to clause
(13));

     (2) the incurrence by the Company and any of the Restricted Subsidiaries of
the Existing Indebtedness after giving effect to the use of proceeds of the Notes;

     (3) the incurrence by the Company and any of its Restricted Subsidiaries of
Indebtedness represented by the Initial Notes (but not Additional Notes);

     (4) the incurrence by the Company or any of its Restricted Subsidiaries of
Indebtedness represented by Capital Lease Obligations, mortgage financings or
purchase money obligations, in each case incurred for the purpose of financing all
or any part of the purchase price or cost of construction or improvement of
property, plant or equipment used in the business of the Company or such Restricted
Subsidiary, in an aggregate principal amount, including all Permitted Refinancing
Indebtedness incurred to refund, refinance or replace any Indebtedness incurred
pursuant to this clause (4), not to exceed the greater of (x) $50.0 million and (y)
2.5% of Consolidated Total Assets at any time outstanding;

     (5) the incurrence by the Company or any of its Restricted Subsidiaries of
Permitted Refinancing Indebtedness in exchange for, or the net proceeds of which
are used to extend, defease, renew, refund, refinance or replace Indebtedness
(other than intercompany Indebtedness) that was incurred under Section 4.09(a) or
clauses (2), (3), (4), or this clause (5) of this Section 4.09(b);

     (6) the incurrence by the Company or any of its Restricted Subsidiaries of
intercompany Indebtedness between or among the Company and any of its Restricted
Subsidiaries; provided, however, that (i) any subsequent issuance or transfer of
Equity Interests that results in any such Indebtedness being held by a Person other
than the Company or a Restricted Subsidiary and (ii) any subsequent sale or other
transfer of any such Indebtedness to a Person that is not either the Company or a
Restricted Subsidiary shall be deemed, in each case, to constitute an
incurrence of such Indebtedness by the Company or such Restricted Subsidiary,
as the case may be, that was not permitted by this clause (6);

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     (7) the incurrence of Indebtedness of the Company or any of its Restricted
Subsidiaries consisting of guarantees, indemnities, holdbacks or obligations in
respect of purchase price adjustments in connection with the acquisition or
disposition of assets, including without limitation, shares of Capital Stock of
Restricted Subsidiaries or contingent payment obligations incurred in connection
with the acquisition of assets which are contingent on the performance of the
assets acquired, other than guarantees of Indebtedness incurred by any Person
acquiring all or any portion of such assets or shares of Capital Stock of such
Restricted Subsidiary for the purpose of financing such acquisition;

     (8) the incurrence of Indebtedness of the Company or any of its Restricted
Subsidiaries represented by (a) letters of credit for the account of the Company or
any of its Restricted Subsidiaries or (b) other obligations to reimburse third
parties pursuant to any surety bond, performance bond or other similar
arrangements, which letters of credit or other obligations, as the case may be, are
intended to provide security for provider claims, workers’ compensation claims,
payment obligations in connection with sales tax and insurance or other similar
requirements in the ordinary course of business;

     (9) the incurrence by the Company or any of its Restricted Subsidiaries of
Hedging Obligations; provided that such Hedging Obligations are related to business
transactions of the Company or its Restricted Subsidiaries entered into in the
ordinary course of business and are entered into for bona fide hedging purposes
(and not for speculative purposes) of the Company or its Restricted Subsidiaries
(as determined in good faith by the Board of Directors or senior management of the
Company);

     (10) the Guarantee by the Company or any of the Restricted Subsidiaries of
Indebtedness of the Company or a Restricted Subsidiary that was permitted to be
incurred by another provision of this Section 4.09; provided that if the
Indebtedness being guaranteed is incurred by the Company and is subordinated to the
Notes, then the Guarantee of such Indebtedness by any of its Restricted
Subsidiaries shall be subordinated to the same extent as the Indebtedness
guaranteed;

     (11) Indebtedness incurred by a Foreign Restricted Subsidiary which, when
aggregated with the principal amount of all other Indebtedness incurred pursuant to
this clause (11) and then outstanding, does not exceed the greater of (x) $75.0
million or (y) 20.0% of the Company’s Consolidated Total Foreign Assets;

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     (12) Indebtedness of a Restricted Subsidiary outstanding on the date on which
such Restricted Subsidiary was acquired by the Company or otherwise became a
Restricted Subsidiary (other than Indebtedness incurred as consideration in, or to
provide all or any portion of the funds or credit support utilized to consummate,
the transaction or series of transactions pursuant to which such Restricted
Subsidiary became a subsidiary of the Company or was otherwise acquired by the
Company), provided that after giving effect thereto, (a) the Company would be
permitted to incur at least $1.00 of additional Indebtedness pursuant to the Fixed
Charge Coverage Ratio test in Section 4.09(a), or (b) the Fixed Charge Coverage
Ratio would be no worse than immediately prior thereto;

     (13) Indebtedness incurred by a Securitization Subsidiary in connection with a
Qualified Securitization Transaction that is not recourse with respect to the
Company and its Restricted Subsidiaries; provided, however, that in the event such
Securitization Subsidiary ceases to qualify as a Securitization Subsidiary or such
Indebtedness becomes recourse to the Company or any of its Restricted Subsidiaries,
such Indebtedness will, in each case, be deemed to be, and must be classified by
the Company as, incurred at such time (or at the time initially incurred) under one
more of the other provisions of this Section 4.09;

     (14) the incurrence by the Company or any Restricted Subsidiary of
Indebtedness to the extent the proceeds thereof are used to purchase Notes pursuant
to a Change of Control Offer or to defease or discharge Notes in accordance with
the terms of this Indenture;

     (15) the incurrence by the Company or any Restricted Subsidiary of
Indebtedness consisting of (a) the financing of insurance premiums or (b) take or
pay obligations in supply agreements, in each case in the ordinary course of
business;

     (16) Real Estate Indebtedness, together with any Indebtedness of the Centene
Plaza Subsidiary and the Centene Plaza Phase II Subsidiary, not to exceed $200.0
million in the aggregate at any one time outstanding;

     (17) Indebtedness in respect of secured or unsecured letters of credit
incurred by the Company or any Restricted Subsidiary in an aggregate principal
amount not to exceed $100.0 million; and

     (18) the incurrence by the Company or any of its Restricted Subsidiaries of
additional Indebtedness in an aggregate principal amount (or accreted value, as
applicable) at any time outstanding, including all Permitted Refinancing
Indebtedness incurred to refund, refinance or replace any Indebtedness incurred
pursuant to this clause (18), not to
exceed the greater of (x) $100.0 million and (y) 5.0% of Consolidated Total
Assets.

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          (c) For purposes of determining compliance with this Section 4.09, in the event that an item
of Indebtedness meets the criteria of more than one of the categories of Permitted Debt described
in clauses (1) through (18) of Section 4.09(b) or is entitled to be incurred pursuant to Section
4.09(a), in each case, as of the date of incurrence thereof, the Company shall, in its sole
discretion, classify (or later re-classify in whole or in part), or divide (or later re-divide in
whole or in part) such item of Indebtedness (or any portion thereof) in any manner that complies
with this Section 4.09 and such Indebtedness will be treated as having been incurred pursuant to
such clauses or Section 4.09(a) hereof, as the case may be, designated by the Company.
Indebtedness under Credit Facilities outstanding on the date on which the Notes are first issued
and authenticated under this Indenture will at all times be deemed to have been incurred on such
date in reliance of the exception provided by clause (1) of the definition of Permitted Debt.
Accrual of interest or dividends, the accretion of accreted value or liquidation preference and the
payment of interest or dividends in the form of additional Indebtedness or Disqualified Stock will
not be deemed to be an incurrence of Indebtedness or an issuance of Disqualified Stock for purposes
of this Section 4.09.

          (d) The Company will not, and will not permit any of its Restricted Subsidiaries to, directly
or indirectly, incur any Indebtedness which by its terms (or by the terms of any agreement
governing such Indebtedness) is subordinated to any other Indebtedness of the Company or such
Restricted Subsidiary, as the case may be, unless made expressly subordinate to the Notes to the
same extent and in the same manner as such Indebtedness is subordinated pursuant to subordination
provisions that are most favorable to the Holders of any other Indebtedness of the Company or such
Restricted Subsidiary, as the case may be.

          Section 4.10 Restricted Payments.

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

     (1) declare or pay any dividend or make any other payment or distribution (A)
on account of the Company’s or any of its Restricted Subsidiaries’ Equity Interests
(including, without limitation, any payment in connection with any merger or
consolidation involving the Company or any of its Restricted Subsidiaries) or (B)
to the direct or indirect holders of the Company’s or any Restricted Subsidiaries’
Equity Interests in their capacity as such (other than dividends, payments or
distributions (i) payable in Equity Interests (other than Disqualified Stock) of
the Company or (ii) to the Company or a wholly owned Restricted Subsidiary or to
all holders of Capital Stock of such Restricted Subsidiary on a pro rata basis);

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     (2) purchase, redeem or otherwise acquire or retire for value (including,
without limitation, in connection with any merger or consolidation involving the
Company) any Equity Interests of the Company or any of its Restricted Subsidiaries
(other than from such Equity Interests owned by the Company or any of its
Restricted Subsidiaries);

     (3) make any payment on or with respect to, or purchase, redeem, defease or
otherwise acquire or retire for value any Subordinated Obligations, except a
payment of interest or principal at the Stated Maturity thereof; or

     (4) make any Restricted Investment (all such payments and other actions set
forth in these clauses (1) through (4) above being collectively referred to as
“Restricted Payments”),

unless, at the time of and after giving effect to such Restricted Payment:

     (A) no Default or Event of Default has occurred and is continuing or would occur as a
consequence thereof; and

     (B) the Company would, at the time of such Restricted Payment and after giving pro
forma effect thereto as if such Restricted Payment had been made at the beginning of the
most recently ended four-quarter period, have been permitted to incur at least $1.00 of
additional Indebtedness pursuant to the Fixed Charge Coverage Ratio test set forth in
Section 4.09(a); and

     (C) such Restricted Payment, together with the aggregate amount of all other
Restricted Payments made by the Company and the Restricted Subsidiaries after the Issue
Date (excluding Restricted Payments permitted by clauses (b)(2), (3), (5), (6), (7) and (9)
of this Section 4.10), is less than the sum, without duplication, of:

          (I) 50% of the Consolidated Net Income of the Company for the period (taken as one
accounting period) from the beginning of the first full fiscal quarter during which the
Issue Date falls to the end of the Company’s most recently ended fiscal quarter for which
internal financial statements are available at the time of such Restricted Payment (or, if
such Consolidated Net Income for such period is a deficit, less 100% of such deficit), plus

          (II) 100% of the aggregate net cash proceeds (or the Fair Market Value of property
other than cash) received by the Company since the Issue Date as a contribution to its
common equity capital or from the issue or sale of Equity Interests of the Company (other
than Disqualified Stock) or from the issue or sale of convertible or exchangeable
Disqualified Stock or convertible or exchangeable debt securities of the Company, in either
case, that have been converted into or exchanged for such Equity Interests of the Company
(other than Equity Interests or Disqualified Stock or debt securities sold to a Subsidiary of the
Company), plus

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          (III) to the extent that any Restricted Investment that was made after the
Issue Date is sold for cash or otherwise liquidated or repaid for cash, the proceeds and
Fair Market Value, of property and marketable securities received with respect to such
Restricted Investment (less the cost of disposition, if any), plus

          (IV) in case, after the date hereof, any Unrestricted Subsidiary has been
redesignated as a Restricted Subsidiary under the terms of this Indenture or has been
merged, consolidated or amalgamated with or into, or transfers or conveys assets to, or is
liquidated into the Company or a Restricted Subsidiary, an amount equal to the Fair Market
Value of the Investments owned by the Company and the Restricted Subsidiaries in such
Unrestricted Subsidiary at the time of the redesignation, combination or transfer (or of
the assets transferred or conveyed, as applicable), plus

          (V) $200.0 million

          (b) So long as no Default or Event of Default has occurred and is continuing or would be
caused thereby, the preceding provisions will not prohibit:

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

     (2) the redemption, repurchase, retirement, repayment, defeasance or other
acquisition of any Subordinated Obligations of the Company or of any Equity
Interests of the Company in exchange for, or out of the net cash proceeds of the
substantially concurrent sale (other than to a Restricted Subsidiary of the
Company) of, Equity Interests of the Company (other than Disqualified Stock);
provided, however, that the amount of any such net cash proceeds that are utilized
for any such redemption, repurchase, retirement, repayment, defeasance or other
acquisition will be excluded from Section 4.10(a)(C)(II);

     (3) the redemption, repurchase, repayment, retirement, defeasance or other
acquisition of any Subordinated Obligations of the Company with the net cash
proceeds from an incurrence of Permitted Refinancing Indebtedness; provided,
however, that the amount of any such net cash proceeds that are utilized for any
such redemption, repurchase, repayment, retirement, defeasance or other acquisition
will be excluded from Section 4.10(a)(C)(II);

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     (4) the redemption, repurchase or other acquisition or retirement for
value of any Equity Interests of the Company or any Restricted Subsidiary of the
Company (a) held by any current or former director, officer, employee or consultant
of the Company’s (or any of its Restricted Subsidiaries’) pursuant to any
management equity subscription plan or agreement, stock option or stock purchase
plan or agreement or employee benefit plan as may be adopted by the Company from
time to time or pursuant to any agreement with any director, officer, employee or
consultant of the Company in existence on the Issue Date or (b) from an employee of
the Company upon the termination of such employee’s employment with the Company;
provided, however, that the aggregate price paid for all such repurchased,
redeemed, acquired or retired Equity Interests in reliance on this clause (4) may
not exceed $6.0 million in any twelve-month period, with any unused amounts in any
twelve-month period being carried forward to the twelve-month immediately
succeeding period and provided, further, that such amount in any twelve-month
period may be increased by an amount not to exceed (A) the cash proceeds from the
sale of Equity Interests (other than Disqualified Stock) of the Company, in each
case to members of management, directors or consultants of the Company, any of its
Subsidiaries that occurs after the Issue Date, provided that such cash proceeds
utilized for redemptions, repurchases or other acquisitions or retirements will be
excluded from Section 4.10(a)(C)(II) plus (B) the cash proceeds of “key man” life
insurance policies received by the Company or its Restricted Subsidiaries after the
Issue Date (provided that the Company may elect to apply all or any portion of the
aggregate increase contemplated by clauses (A) and (B) above in any twelve-month
period, it being understood that the forgiveness of any debt by such Person shall
not be a Restricted Payment hereunder) less (C) the amount of any Restricted
Payments previously made pursuant to clauses (A) and (B) of this clause (4));

     (5) repurchases, acquisitions or retirements of Capital Stock of the
Company deemed to occur upon the exercise or vesting of stock options or restricted
stock or similar rights under employee benefit plans of the Company or its
Subsidiaries if such Capital Stock represents all or a portion of the exercise
price thereof or withholding tax thereon;

     (6) redemptions of Capital Stock consisting of common stock of the Company
so long as the Total Debt Ratio is no more than 2.0 to 1.0 both as of the date
thereof (based on a computation period of the twelve calendar month period most
recently ended) and on a pro forma basis after giving effect to such redemption;

     (7) cash payments in lieu of the issuance of fractional shares in
connection with the exercise of warrants, options or other securities convertible
into or exchangeable for Capital Stock of the Company, provided, however, that any
such cash payment shall not be for the purpose of evading the limitation of the
covenant described under this subheading (as determined in good faith by the Board
of Directors of the Company);

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     (8) the repurchase, redemption or other acquisition or retirement for
value of any Subordinated Indebtedness or Disqualified Stock pursuant to provisions
similar to those described under Sections 4.16 and 4.12 hereof; provided that a
Change of Control Offer or Asset Sale Offer, as applicable, has been made and all
Notes tendered by Holders in connection with a Change of Control Offer or Asset
Sale Offer, as applicable, have been repurchased, redeemed or acquired for value;
and

     (9) other Restricted Payments in an aggregate amount since the Issue Date
not to exceed $75.0 million.

          (c) The amount of all Restricted Payments (other than cash) will be the Fair Market Value
on the date of the Restricted Payment of the assets, property or securities proposed to be
transferred or issued by the Company or such Restricted Subsidiary, as the case may be, pursuant to
the Restricted Payment. Not later than the date of making any Restricted Payment (other than those
set forth in clauses (1) through (9) of Section 4.10(b)), the Company will deliver to the Trustee
an Officers’ Certificate stating that such Restricted Payment is permitted and setting forth the
basis upon which the calculations required by this Section 4.10 were computed. If the Company or a
Restricted Subsidiary makes a Restricted Payment which at the time of the making of such Restricted
Payment would in the good faith determination of the Company be permitted under the provisions of
this Indenture, such Restricted Payment shall be deemed to have been made in compliance with this
Indenture notwithstanding any subsequent adjustments made in good faith to the Company’s financial
statements affecting Consolidated Net Income of the Company for any period.

          Section 4.11 Liens.

          The Company will not, and will not permit any of its Restricted Subsidiaries to, directly or
indirectly, create, incur or assume any consensual Liens of any kind against or upon any of their
respective properties or assets, or any proceeds, income or profit therefrom or assign or convey
any right to receive income therefrom, except Permitted Liens, to secure any Indebtedness of the
Company unless prior to, or contemporaneously therewith, the Notes are equally and ratably secured
by a Lien on such property, assets, proceeds, income or profit; provided, however, that if such
Indebtedness is expressly subordinated to the Notes, the Lien securing such Indebtedness will be
subordinated and junior to the Lien securing the Notes with the same relative priority as such
Indebtedness has with respect to the Notes.

          Section 4.12 Asset Sales.

          The Company will not, and will not permit any of its Restricted Subsidiaries to, consummate an
Asset Sale unless:

     (1) the Company (or the Restricted Subsidiary, as the case may be) receives
consideration at the time of the Asset Sale at least equal to the Fair Market Value of the
assets sold, leased, transferred, conveyed or otherwise disposed of or Equity Interests of
any Restricted Subsidiary of the Company issued, sold, transferred, conveyed or otherwise
disposed of;

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     (2) at least 75% of the consideration received in the Asset Sale by the Company or
such Restricted Subsidiary is in the form of cash or Cash Equivalents. For purposes of
this clause (2), each of the following will be deemed to be cash:

          (a) any liabilities, as shown on the Company’s or such Restricted Subsidiary’s most recent
balance sheet, of the Company or any of its Restricted Subsidiaries (other than contingent
liabilities and liabilities that are by their terms subordinated to the Notes) that are assumed by
the transferee of any such assets pursuant to a customary novation agreement that releases the
Company or such Restricted Subsidiary from further liability;

          (b) any securities, notes or other obligations received by the Company or any such
Restricted Subsidiary from such transferee that are converted by the Company or such Restricted
Subsidiary into cash within 90 days, to the extent of the cash received in that conversion; and

          (c) any Designated Non-cash Consideration received by the Company or any of its Restricted
Subsidiaries in such Asset Sale having an aggregate Fair Market Value, taken together with all
other Designated Non-cash Consideration received pursuant to this clause (c) not to exceed 5.0% of
the Consolidated Total Assets at the time of the receipt of such Designated Non-cash Consideration
(determined based on the most recently ended fiscal quarter for which internal financial statements
are available and with the Fair Market Value of each item of Designated Non-cash Consideration
being measured at the time received and without giving effect to subsequent changes in value) shall
be deemed to be cash for purposes of this paragraph and for no other purpose; and

     (3) the Company delivers an Officers’ Certificate to the Trustee certifying that
such Asset Sale complies with the foregoing clauses (1) and (2).

     To the extent that the Fair Market Value of any Asset Sale exceeds 10% of Consolidated Total
Assets at the time of receipt of the Net Proceeds of any such Asset Sale (determined based on the
most recently ended fiscal quarter for which internal financial statements are available and with
the Fair Market Value of each Asset Sale being measured at the time of such Asset Sale), then
within 365 days after the receipt of any Net Proceeds from any such Asset Sale, the Company or such
Restricted Subsidiary may apply those Net Proceeds (but shall only be required to apply that
portion of the Net Proceeds from such Asset Sale that exceeds 10% of Consolidated Total Assets) at
its option (or any portion thereof):

     (1) to permanently repay Senior Debt of the Company (other than Indebtedness owed
to the Company or any Affiliate of the Company) and, if the Senior Debt repaid is revolving
credit Indebtedness, to correspondingly reduce commitments with respect thereto;

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     (2) to acquire all or substantially all of the assets of, or all of the Voting
Stock of, another Person engaged in a Permitted Business; or

     (3) to acquire other long-term assets or property that are used in a Permitted
Business;

provided that a binding commitment to apply Net Proceeds as set forth in clauses (1), (2) and (3)
above shall be treated as a permitted application of the Net Proceeds from the date of such
commitment so long as the Company or such Restricted Subsidiary enters into such commitment with
the good faith expectation that such Net Proceeds will be applied to satisfy such commitment within
180 days of such commitment (an “Acceptable Commitment”) and, in the event any Acceptable
Commitment is later cancelled or terminated for any reason before the Net Proceeds are applied in
connection therewith, then the Company or such Restricted Subsidiary shall be permitted to apply
the Net Proceeds in any manner set forth in clauses (1), (2) and (3) above before the expiration of
such 180-day period, and, in the event the Company or such Restricted Subsidiary fails to do so,
such Net Proceeds shall constitute Excess Proceeds (as defined below). Pending the final
application of any Net Proceeds, the Company may temporarily reduce revolving credit borrowings or
otherwise invest the Net Proceeds in any manner that is not prohibited by this Indenture.

          Any Net Proceeds from Asset Sales that were required to be applied in accordance with the
first sentence of the immediately preceding paragraph and that are not so applied or invested as
provided in the preceding paragraph will constitute “Excess Proceeds.” When the aggregate amount of
Excess Proceeds exceeds $25.0 million, the Company will make an offer (the “Asset Sale Offer”) to
all Holders to purchase the maximum principal amount of Notes and, if the Company is required to do
so under the terms of any other Indebtedness that is pari passu with the Notes, such other
Indebtedness on a pro rata basis with the Notes, that may be purchased out of the Excess Proceeds.
The offer price in any Asset Sale Offer will be equal to 100% of principal amount plus accrued and
unpaid interest, if any, to the date of purchase, and will be payable in cash. If any Excess
Proceeds remain after consummation of the purchase of all properly tendered and not withdrawn Notes
pursuant to an Asset Sale Offer, the Company may use such remaining Excess Proceeds for any purpose
not otherwise prohibited by this Indenture. If the aggregate principal amount of Notes and other
pari passu Indebtedness tendered into such Asset Sale Offer exceeds the amount of Excess Proceeds,
the Trustee will select the Notes and such other pari passu Indebtedness to be purchased on a pro
rata basis. Upon completion of each Asset Sale Offer, the amount of Excess Proceeds will be reset
at zero.

          The Company will comply with the requirements of Rule 14e-1 under the Exchange Act and any
other securities laws and regulations thereunder to the extent those laws and regulations are
applicable in connection with each repurchase of Notes pursuant to an Asset Sale Offer. To the
extent that the provisions of any securities laws or regulations conflict with the Asset Sale
provisions of this Indenture, the Company will comply with the applicable securities laws and
regulations and will not be deemed to have breached its obligations under this Sections 4.12 or
3.08 by virtue of such compliance.

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          Section 4.13 Dividend and Other Payment Restrictions Affecting Restricted Subsidiaries.

          The Company will not, and will not permit any of its Restricted Subsidiaries to, directly or
indirectly, create or permit to exist or become effective any consensual encumbrance or restriction
on the ability of any of its Restricted Subsidiaries to:

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

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

          (c) transfer any of its properties or assets to the Company or any of its Restricted
Subsidiaries.

          However, the preceding restrictions will not apply to encumbrances or restrictions existing
under or by reason of:

     (1) agreements governing Existing Indebtedness and Credit Facilities (including
the Credit Agreement) as in effect on the Issue Date and any amendments, modifications,
restatements, renewals, increases, supplements, refundings, replacements or refinancings of
those agreements; provided that the amendments, modifications, restatements, renewals,
increases, supplements, refundings, replacement or refinancings are no more restrictive,
taken as a whole, with respect to such dividend and other payment restrictions than those
contained in those agreements on the Issue Date;

     (2) this Indenture and the Notes;

     (3) applicable law or any applicable rule, regulation or order of, or arrangement
with, any regulatory body or agency;

     (4) any instrument governing Indebtedness or Capital Stock of a Person acquired by
the Company or any of its Restricted Subsidiaries as in effect at the time of such
acquisition (except to the extent such Indebtedness or Capital Stock was incurred in
connection with or in contemplation of such acquisition), which encumbrance or restriction
is not applicable to any Person, or the properties or assets of any Person, other than the
Person, or the property or assets of the Person, so acquired; provided that, in the case of
Indebtedness, such Indebtedness was permitted by the terms of this Indenture to be
incurred;

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     (5) restrictions on cash or other deposits or net worth imposed by customers or
governmental regulatory bodies or required by insurance, surety or bonding companies, in
each case pursuant to contracts entered into in the ordinary course of business of the
Company and its Restricted Subsidiaries;

     (6) customary non-assignment provisions in leases and other contracts entered into
in the ordinary course of business and consistent with industry practices;

     (7) purchase money obligations for property acquired in the ordinary course of
business that impose restrictions on that property of the nature described in clause (c) of
the first paragraph of this Section 4.13;

     (8) any agreement for the sale or other disposition of a Restricted Subsidiary or
the assets of a Restricted Subsidiary that restricts distributions by that Restricted
Subsidiary pending its sale or other disposition or the sale or other disposition of its
assets;

     (9) Permitted Refinancing Indebtedness; provided, however, that the restrictions
contained in the agreements governing such Permitted Refinancing Indebtedness are not
materially more restrictive, taken as a whole, than those contained in the agreements
governing the Indebtedness being refinanced;

     (10) Liens securing Indebtedness otherwise permitted to be incurred under the
provisions of Section 4.11 that limit the right of the debtor to dispose of the assets
subject to such Liens; and

     (11) provisions with respect to the disposition or distribution of assets or
property in joint venture agreements, asset sale agreements, stock sale agreements and
other similar agreements entered into in the ordinary course of business.

          Section 4.14 Affiliate Transactions.

          The Company will not, and will not permit any of its Restricted Subsidiaries to, make any
payment to, or sell, lease, transfer or otherwise dispose of any of its properties or assets to, or
purchase any property or assets from, or enter into or make or amend any transaction, contract,
agreement, understanding, loan, advance or Guarantee with, or for the benefit of, any Affiliate
(each, an “Affiliate Transaction”), unless:

     (1) the Affiliate Transaction is on terms that are no less favorable to the
Company or the relevant Restricted Subsidiary than those that would have been obtained in a
comparable transaction by the Company or such Restricted Subsidiary with an unrelated
Person; and

     (2) the Company delivers to the Trustee with respect to any Affiliate Transaction
or series of related Affiliate Transactions involving aggregate consideration in excess of
$50.0 million, a resolution of the Board of Directors set forth in an Officers’ Certificate
certifying that such Affiliate Transaction complies with this Section 4.14 and that such
Affiliate Transaction has been approved by a majority of the disinterested members of the
Board of Directors.

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     The following items will not be deemed to be Affiliate Transactions and, therefore, will not
be subject to the provisions of the prior paragraph:

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

     (2) sales of Equity Interests (other than Disqualified Stock) to Affiliates of the
Company;

     (3) reasonable and customary directors’ fees, indemnification and similar
arrangements, consulting fees, employee salaries, bonuses or employment agreements,
compensation or employee benefit arrangements and incentive arrangements with any officer,
director or employee of the Company or a Restricted Subsidiary entered into in the ordinary
course of business;

     (4) any payments or other transactions pursuant to the Tax Sharing Agreement;

     (5) any transactions made in compliance with Section 4.10;

     (6) loans and advances to non-executive officers and employees of the Company or
any of its Restricted Subsidiaries in the ordinary course of business in accordance with
the past practices of the Company or any of its Restricted Subsidiaries;

     (7) any agreement as in effect as of the Issue Date or any amendment thereto so
long as any such amendment is not more disadvantageous to the Holders in any material
respect than the original agreement as in effect on the Issue Date;

     (8) sales or other dispositions of accounts receivable or licensing royalties and
related assets to a Securitization Subsidiary in a Qualified Securitization Transaction
which are customarily transferred in such a transaction;

     (9) any employment agreements entered into by the Company or any of its Restricted
Subsidiaries in the ordinary course of business and the transactions pursuant thereto;

     (10) any transaction effected as part of a Qualified Securitization Financing; and

     (11) transactions entered into by a Person prior to the time such Person becomes a
Restricted Subsidiary or is merged or consolidated into the Company or a Restricted
Subsidiary (provided such transaction is not entered into in contemplation of such event).

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          Section 4.15 Designation of Restricted and Unrestricted Subsidiaries.

          The Company’s Board of Directors may designate any of its Restricted Subsidiaries to be an
Unrestricted Subsidiary if that designation would not cause a Default. If any of the Company’s
Restricted Subsidiaries is designated as an Unrestricted Subsidiary, the aggregate Fair Market
Value of all outstanding Investments owned by the Company and its Restricted Subsidiaries in the
newly designated Unrestricted Subsidiary shall be deemed to be an Investment made as of the time of
that designation and will reduce the amount available for Restricted Payments under Section 4.10(a)
or Permitted Investments, as determined by the Company. The designation of such a Subsidiary or
Person as an Unrestricted Subsidiary will be permitted only if the deemed Investment would be
permitted at the time the Restricted Subsidiary is designated as an Unrestricted Subsidiary and, in
any case, if that Subsidiary or Person otherwise satisfies the requirements set forth in the
definition of Unrestricted Subsidiary. The Company’s Board of Directors may redesignate any
Unrestricted Subsidiary to be a Restricted Subsidiary if the redesignation would not cause a
default.

          Section 4.16 Repurchase at the Option of Holders Upon a Change of Control.

          (a) Upon the occurrence of a Change of Control, the Company shall, within 30 days of a
Change of Control, make an offer (the “Change of Control Offer”) pursuant to the procedures set
forth in Section 3.08. Each Holder shall have the right to accept such offer and require the
Company to repurchase all or any portion (equal to $2,000 or an integral multiple of $1,000) of
such Holder’s Notes pursuant to the Change of Control Offer at a purchase price, in cash (the
“Change of Control Amount”), equal to 101% of the aggregate principal amount of Notes repurchased,
plus accrued and unpaid interest, if any, on the Notes repurchased, to the Purchase Date.

          (b) The Company will not be required to make a Change of Control Offer upon a Change of
Control if a third party makes the Change of Control Offer in the manner, at the times and
otherwise in compliance with the requirements set forth in this Indenture applicable to the Company
and purchases all Notes properly tendered and not withdrawn under the Change of Control Offer. A
Change of Control Offer may be made in advance of a Change of Control and may be conditional upon
the occurrence of a Change of Control, if a definitive agreement is in place for the Change of
Control at the time the Change of Control Offer is made.

          Section 4.17 Limitation on Issuances of Guarantees of Indebtedness.

          The Company will not permit any of its Restricted Subsidiaries, directly or indirectly, to
guarantee or pledge any assets to secure the payment of any other Indebtedness of the Company
unless such Restricted Subsidiary simultaneously executes and delivers a supplemental indenture
providing for the guarantee of the payment of the Notes by such Restricted Subsidiary. The
Subsidiary Guarantee will be (1) senior to such Restricted Subsidiary’s Guarantee of or pledge to
secure such other Indebtedness if such other Indebtedness is subordinated to the Notes; or (2) pari
passu with such Restricted Subsidiary’s Guarantee of or pledge to secure such other Indebtedness if
such other Indebtedness is not subordinated to the Notes.

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          The Subsidiary Guarantee of a Guarantor will be automatically and unconditionally released:

     (1) in connection with any sale of other disposition of all or substantially all
of the assets of that Guarantor (including by way of merger or consolidation) to a Person
that is not (either before or after giving effect to such transaction) the Company or a
subsidiary of the Company, if the sale or other disposition does not violate Section 4.12
hereof;

     (2) in connection with any sale or other disposition of all of the Capital Stock
of that Guarantor to a Person that is not (either before or after giving effect to such
transaction) the Company or a subsidiary of the Company, if the sale or other disposition
does not violate Section 4.12 hereof;

     (3) if the Company designates any of its Restricted Subsidiaries that is a
Guarantor to be an Unrestricted Subsidiary in accordance with the applicable provisions of
this Indenture;

     (4) upon legal defeasance, covenant defeasance or satisfaction and discharge of
the Notes as provided below under the Sections 8.02, 8.03 and 11.01 hereof; or

     (5) if such Guarantor is released from the underlying Guarantee of Indebtedness
giving rise to the execution of a Subsidiary Guarantee.

The form of Subsidiary Guarantee is attached hereto as Exhibit B. Notwithstanding the
foregoing, if the Company guarantees Indebtedness incurred by any of the Restricted Subsidiaries,
such Guarantee by the Company will not require any of its Restricted Subsidiaries to provide a
Subsidiary Guarantee for the Notes.

          Section 4.18 Covenant Termination.

          Following the first day:

          (a) the Notes have an Investment Grade Rating; and

          (b) no Default has occurred and is continuing under this Indenture;
the Company and its Restricted Subsidiaries shall cease to be subject to the provisions of:

     (1) Section 4.09;

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     (2) Section 4.10;

     (3) Section 4.12

     (4) Section 4.13;

     (5) Section 4.14; and

     (6) Section 4.17

(collectively, the “Terminated Covenants”). No Default, Event of Default or breach of any kind
shall be deemed to exist under the Indenture or the Notes with respect to the Terminated Covenants
based on, and none of the Company or any of its Subsidiaries shall bear any liability for, any
actions taken or events occurring after the Notes attain an Investment Grade Rating, regardless of
whether such actions or event would have been permitted if the applicable Terminated Covenants
remained in effect. The Terminated Covenants will not be reinstated even if the Company
subsequently does not satisfy the requirements set forth in clauses (a) and (b) above. After the
Terminated Covenants have been terminated, Company and its Restricted Subsidiaries shall remain
subject to the provisions of Section 4.16 and the following Sections:

     (1) Section 4.03;

     (2) Section 4.08;

     (3) Section 4.11; and

     (4) Section 5.01 (other than the financial test set forth in clause (a)(4)
thereof).

ARTICLE 5.

SUCCESSORS

          Section 5.01 Merger, Consolidation or Sale of Assets

          (a) The Company may not, directly or indirectly, consolidate or merge with or into another
Person (whether or not the Company is the Surviving Corporation) or sell, assign, transfer, convey,
lease or otherwise dispose of all or substantially all of its properties or assets in one or more
related transactions, to another person, unless:

          (1) either:

     (A) the Company is the surviving person or

     (B) the Person formed by or surviving any such consolidation or merger (if
other than the Company) or to which such sale, assignment, transfer, lease,
conveyance or other disposition has been made is a corporation organized or
existing under the laws of the United States of America, any State thereof or the
District of Columbia;

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          (2) the Person formed by or surviving any such consolidation or merger (if other
than the Company) or the person to which such sale, assignment, transfer, conveyance or
other disposition has been made assumes, by supplemental indenture in form reasonably
satisfactory to the Trustee, all the obligations of the Company under the Notes and this
Indenture;

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

          (4) except with respect to a consolidation or merger of the Company with or into a
Restricted Subsidiary, the Company or the Person formed by or surviving any such
consolidation or merger (if other than the Company), or to which such sale, assignment,
transfer, conveyance or other disposition has been made will, on the date of such
transaction after giving pro forma effect thereto and any related financing transactions as
if the same had occurred at the beginning of the applicable four-quarter period, (a) be
permitted to incur at least $1.00 of additional Indebtedness pursuant to the Fixed Charge
Coverage Ratio test set forth in Section 4.09(a) hereof or (b) have a Fixed Charge Coverage
Ratio that is no worse than the Fixed Charge Coverage Ratio of the Company for such
applicable four-quarter period without giving pro forma effect to such transactions and the
related financing transactions; and

          (5) the Company shall deliver, or cause to be delivered, to the Trustee, in form
and substance satisfactory to the Trustee, in its reasonable judgment, an Officers’
Certificate and an Opinion of Counsel, each stating that such transaction or series of
transactions and the supplemental indenture, if any, in respect thereto comply with this
Section 5.01 and that all conditions precedent herein provided for relating to such
transaction or series of transactions have been satisfied.

          (b) The sale, assignment, transfer, lease, conveyance or other disposition of all or
substantially all of the properties or assets of one or more Subsidiaries of the Company, which
properties or assets, if held by the Company instead of such Subsidiaries, would constitute all or
substantially all of the properties or assets of the Company on a consolidated basis, shall be
deemed to be the transfer of all or substantially all of the properties or assets of the Company.

          Section 5.02 Successor Corporation Substituted.

          The Surviving Person shall succeed to, and be substituted for, and may exercise every right
and power of the Company or a Guarantor, as applicable ,under this Indenture; provided, however,
that the predecessor entity shall not be released from any of the obligations or covenants under
this Indenture, including with respect to the payment of the Notes and obligations under a
Subsidiary Guarantee, if any, in the case of:

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          (a) a sale, transfer, assignment, conveyance or other disposition (unless such sale,
transfer, assignment, conveyance or other disposition is of all or substantially all of the assets
of the Company, taken as a whole), or

          (b) a lease.

ARTICLE 6.

DEFAULTS AND REMEDIES

          Section 6.01 Events of Default.

Each of the following constitutes an “Event of Default” with respect to the Notes:

          (a) default for 30 days in the payment when due of interest on the Notes;

          (b) (2) default in payment when due of the principal of or premium, if any, on the Notes;

          (c) failure by the Company or any of its Restricted Subsidiaries to comply with Section
5.01;

          (d) failure by the Company or any of its Restricted Subsidiaries for 30 days after notice
to comply with the provisions described under Sections 4.12 and 4.16 hereof;

          (e) failure by the Company for 120 days after notice to comply with the provisions
described under Section 4.03;

          (f) failure by the Company or any of its Restricted Subsidiaries for 60 days after notice
to comply with any of its other agreements in this Indenture or the Notes;

          (g) default under any mortgage, indenture or instrument under which there may be issued or
by which there may be secured or evidenced any Indebtedness for money borrowed by the Company or
any of its Restricted Subsidiaries (or the payment of which is guaranteed by the Company or any of
its Restricted Subsidiaries), whether such Indebtedness or Guarantee now exists, or is created
after the Issue Date, if that default:

     (A) is caused by a failure to pay principal of, or interest or premium, if
any, on such Indebtedness prior to the expiration of the grace period provided in
such Indebtedness on the date of such default (a “Payment Default”); or

     (B) results in the acceleration of such Indebtedness prior to its express
maturity,

and, in each case, the principal amount of any such Indebtedness, together with the principal
amount of any other such Indebtedness under which there has been a Payment Default or the maturity
of which has been so accelerated, aggregates $50.0 million or more;

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          (h) failure by the Company or any of its Restricted Subsidiaries to pay final
non-appealable judgments entered by a court or courts of competent jurisdiction aggregating in
excess of $50.0 million, which judgments are not paid, discharged or stayed for a period of 60
days;

          (i) the Company or any Significant Subsidiary or any group of Subsidiaries that, taken
together, would constitute a Significant Subsidiary pursuant to or within the meaning of any
Bankruptcy Law:

     (A) commences a voluntary case or gives notice of intention to make a
proposal under any Bankruptcy Law;

     (B) consents to the entry of an order for relief against it in an
involuntary case or consents to its dissolution or winding up;

     (C) consents to the appointment of a receiver, interim receiver, receiver
and manager, liquidator, trustee or custodian of it or for all or substantially all
of its property;

     (D) makes a general assignment for the benefit of its creditors; or

     (E) admits in writing its inability to pay its debts as they become due or
otherwise admits its insolvency; and

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

     (A) is for relief against the Company or any of its Significant
Subsidiaries or any group of Subsidiaries that, when taken together, would
constitute a Significant Subsidiary in an involuntary case; or

     (B) appoints a receiver, interim receiver, receiver and manager,
liquidator, trustee or custodian of the Company or any of its Significant
Subsidiaries or any group of Subsidiaries that, when taken together, would
constitute a Significant Subsidiary or for all or substantially all of the property
of the Company or any of its Significant Subsidiaries or any group of Subsidiaries
that, when taken together, would constitute a Significant Subsidiary; or

     (C) orders the liquidation of the Company or any of its Significant
Subsidiaries or any group of Subsidiaries that, when taken together, would
constitute a Significant Subsidiary;

and such order or decree remains unstayed and in effect for 60 consecutive days.

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          Section 6.02 Acceleration.

          If any Event of Default (other than those of the type described in Section 6.01(i) or (j))
occurs and is continuing, the Trustee may, and the Trustee upon the request of Holders of 25% in
principal amount of the outstanding Notes shall, or the Holders of at least 25% in principal amount
of outstanding Notes may, declare the principal of all the Notes, together with all accrued and
unpaid interest, premium, if any, to be due and payable by notice in writing to the Company and the
Trustee specifying the respective Event of Default and that such notice is a notice of acceleration
(the “Acceleration Notice”), and the same shall become immediately due and payable.

          In the case of an Event of Default specified in Section 6.01(i) or (j) all outstanding Notes
shall become due and payable immediately without any further action or notice on the part of the
Trustee or the Holders. Holders may not enforce this Indenture or the Notes except as provided in
this Indenture.

          Section 6.03 Other Remedies.

          If an Event of Default occurs and is continuing, the Trustee may pursue any available remedy
to collect the payment of principal, premium, if any, and interest on the Notes or to enforce the
performance of any provision of the Notes or this Indenture.

          The Trustee may maintain a proceeding even if it does not possess any of the Notes or does not
produce any of them in the proceeding. A delay or omission by the Trustee or any Holder 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 shall be
cumulative to the extent permitted by law.

          Section 6.04 Waiver of Defaults.

          (a) The Holders of at least a majority in aggregate principal amount of the Notes then
outstanding by notice to the Trustee may on behalf of the Holders of all of the Notes, waive any
existing Default or Event of Default, and its consequences, except a continuing Default or Event of
Default (i) in the payment of the principal of, premium, if any, or interest, on the Notes and (ii)
in respect of a covenant or provision which under this Indenture cannot be modified or amended
without the consent of the Holder of each Note affected by such modification or amendment.

          (b) Upon any waiver of a Default or Event of Default, such Default shall cease to exist,
and any Event of Default arising therefrom shall be deemed cured for every purpose of this
Indenture but no such waiver shall extend to any subsequent or other Default or Event of Default or
impair any right consequent thereon.

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          Section 6.05 Control by Majority.

          Subject to Sections 7.01, 7.02(f) (including the Trustee’s receipt of the security or
indemnification described therein) and 7.07 hereof, in case an Event of Default shall occur and be
continuing, the Holders of a majority in aggregate principal amount of the Notes then 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 with
respect to the Notes.

          Section 6.06 Limitation on Suits.

          No Holder shall have any right to institute any proceeding with respect to this Indenture, or
for the appointment of a receiver or trustee, or for any remedy hereunder, unless:

          (a) such Holder has previously given to the Trustee written notice of a continuing Event
of Default or the Trustee receives the notice from the Company;

          (b) Holders of at least 25% in aggregate principal amount of the Notes then outstanding
have made written request and offered indemnity to the Trustee reasonably satisfactory to it to
institute such proceeding as Trustee; and

          (c) the Trustee shall not have received from the Holders of a majority in aggregate
principal amount of the Notes then outstanding a direction inconsistent with such request and shall
have failed to institute such proceeding within 60 days.

          The preceding limitations shall not apply to a suit instituted by a Holder for enforcement of
payment of principal of, and premium, if any, or interest on, a Note on or after the respective due
dates for such payments set forth in such Note.

          A Holder may not use this Indenture to affect, disturb or prejudice the rights of another
Holder or to obtain a preference or priority over another Holder.

          Section 6.07 Rights of Holders to Receive Payment.

          Notwithstanding any other provision of this Indenture (including Section 6.06), the right of
any Holder to receive payment of principal, premium, if any, and interest on the Notes held by such
Holder, 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 6.08 Collection Suit by Trustee.

          If an Event of Default specified in Section 6.01(a) or (b) 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, if any, and interest then due
and owing (together with 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.

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          Section 6.09 Trustee May File Proofs of Claim.

          The Trustee shall be 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 allowed in any judicial proceedings relative to the Company (or any other
obligor upon the Notes), its
s 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 7.07 hereof.
To the extent that the payment of any such compensation, expenses, disbursements and advances of
the Trustee and its agents and counsel, and any other amounts due the Trustee under Section 7.07
hereof out of the estate in any such proceeding, shall be denied for any reason, payment of the
same shall be secured by a Lien on, and shall be paid out of, any and all distributions, moneys,
securities and any 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.

          Section 6.10 Priorities.

          If the Trustee collects any money pursuant to this Article 6, it shall pay out the money in
the following order:

          First: to the Trustee, its agents and attorneys for amounts due under Section 7.07 hereof,
including payment of all compensation, expenses and liabilities incurred, and all advances made, by
the Trustee and the costs and expenses of collection;

          Second: to Holders for amounts due and unpaid on the Notes for principal, premium, if any, and
interest ratably, without preference or priority of any kind, according to the amounts due and
payable on the Notes for principal, premium, if any, and 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 pursuant to this
Section 6.10.

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          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 such suit of an undertaking to pay the costs of
such suit, and the court in its discretion may assess reasonable costs, including reasonable
attorneys’ fees and expenses, against any party litigant in such suit, having due regard to the
merits and good faith of the claims or defenses made by the party litigant. This Section 6.11
shall not apply to a suit by the Trustee, a suit by the Company, a suit by a Holder pursuant to
Section 6.07 hereof, or a suit by Holders of more than 10% in principal amount of the then
outstanding Notes.

ARTICLE 7.

TRUSTEE

          Section 7.01 Duties of Trustee.

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

          (b) Except during the continuance of an Event of Default:

     (1) the duties of the Trustee shall be determined solely by the express
provisions of this Indenture and the Trustee need perform 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, in the case of
certificates or opinions specifically required by any provision herein to be
furnished to it, the Trustee shall examine the certificates and opinions to
determine whether or not they conform to the requirements of this Indenture (but
need not confirm or investigate the accuracy of mathematical calculations or other
facts stated therein).

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

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     (2) the Trustee shall not be liable for any error of judgment made in good
faith by a Responsible Officer, unless it is proved that the Trustee was 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 6.05 hereof.

          (d) Whether or not therein expressly so provided, every provision of this Indenture that
in any way relates to the Trustee is subject to paragraphs (a), (b) and (c) of this Section 7.01.

          (e) 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 7.02 Rights of Trustee.

          Subject to TIA §315:

          (a) The Trustee may conclusively rely upon any document believed by it to be genuine and
to have been signed or presented by the proper Person.

          (b) Before the Trustee acts or refrains from acting, 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 of its selection and the 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 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.

          (d) 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.

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          (e) The Trustee shall not be deemed to have notice of any Default or Event of Default
unless a Responsible Officer of the Trustee has actual knowledge thereof or unless written notice
of any event which is in fact such a Default or Event of Default is received by a Responsible
Officer of the Trustee at the Corporate Trust Office of the Trustee from the Company or the Holders
of 25% in aggregate principal amount of the outstanding Notes, and such notice references the
specific Default or Event of Default, the Notes and this Indenture.

          (f) The Trustee shall not be required to give any bond or surety in respect of the
performance of its power and duties hereunder.

          (g) The Trustee shall have no duty to inquire as to the performance of the Company’s
covenants herein.

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

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

          (j) in no event shall the Trustee be responsible or liable for special, indirect, or
consequential loss or damage of any kind whatsoever (including, but not limited to, loss of profit)
irrespective of whether the Trustee has been advised of the likelihood of such loss or damage and
regardless of the form of action.

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

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

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

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          Section 7.03 Individual Rights of Trustee.

          The Trustee in its individual or any other capacity may become the owner or pledgee of Notes
and may otherwise deal with the 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 it must eliminate such conflict within 90 days, apply to the Commission for permission to
continue as Trustee or resign. Any Agent may do the same with like rights and duties. The Trustee
shall also be subject to Sections 7.10 and 7.11 hereof.

          Section 7.04 Trustee’s Disclaimer.

          The Trustee shall not be responsible for and makes no representation as to the validity or
adequacy of this Indenture or the Notes, it shall not be accountable for the 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 7.05 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 a notice of the Default or Event of Default within 90 days after
it occurs. Except in the case of a Default or Event of Default in payment of principal of,
premium, if any, or interest on any Note, the Trustee may withhold the notice if and so long as a
committee of its Responsible Officers in good faith determines that withholding the notice is in
the interests of the Holders.

          Section 7.06 Reports by Trustee to Holders.

          Within 60 days after each May 15 beginning with the May 15 following the Issue Date, and for
so long as Notes remain outstanding, the Trustee shall mail to the Holders 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 twelve 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 shall be mailed to the Company
and filed with the Commission 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 and any delisting thereof.

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          Section 7.07 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, and the Guarantors, if any, shall, jointly and severally, indemnify the Trustee,
its directors, officers, employees or agents or any predecessor Trustee against any and all losses,
claims, damages, penalties, fines, liabilities or expenses, including incidental and out-of-pocket
expenses and reasonable attorneys’ fees and expenses (for purposes of this Article, “losses”)
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 7.07) 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 such losses have been
determined to have been caused by its own negligence or willful misconduct. The Trustee shall
notify the Company promptly of any claim of which a Responsible Officer has received written notice
and for which it may seek indemnity. Failure by the Trustee to so notify the Company shall not
relieve the Company of its obligations under this Section 7.07. The Company shall defend the
claim, and the Trustee shall cooperate in the defense. The Trustee may have separate counsel if
the Trustee has been reasonably advised by counsel that there may be one or more legal defenses
available to it that are different from or additional to those available to the Company and in the
reasonable judgment of such counsel it is advisable for the Trustee to engage 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
Company need not reimburse any expense or indemnify against any loss incurred by the Trustee
through the Trustee’s own willful misconduct or gross negligence.

          The obligations of the Company and the Guarantors, if any, under this Section 7.07 shall
survive the satisfaction and discharge of this Indenture, the resignation or removal of the Trustee
and payment in full of the Notes.

          To secure the Company’s and Guarantors’, if any, payment obligations in this Section, 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, premium, if any, and interest on particular
Notes. Such Lien shall survive the satisfaction and discharge of this Indenture.

          When the Trustee incurs expenses or renders services after an Event of Default specified in
Section 6.01(i) or (j) 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.

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          Section 7.08 Replacement of Trustee.

          A resignation or removal of the Trustee and appointment of a successor Trustee shall become
effective only upon the successor Trustee’s acceptance of appointment as provided in this Section
7.08.

          The Trustee may resign in writing at any time upon 30 days’ prior notice to the Company and be
discharged from the trust hereby created by so notifying the Company. The Holders of a majority in
aggregate 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:

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

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

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

          (d) the Trustee becomes incapable of acting.

          If the Trustee resigns or is removed or if a vacancy exists in the office of Trustee for any
reason (the Trustee in such event being referred to herein as the retiring Trustee), 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 30 days after the retiring Trustee resigns
or is removed, the retiring Trustee, the Company, or the Holders of at least 10% in aggregate
principal amount of the then outstanding Notes may, at the expense of the Company, petition any
court of competent jurisdiction for the appointment of a successor Trustee.

          If the Trustee, after written request by any Holder who has been a Holder for at least six
months, fails to comply with Section 7.10 hereof, such Holder may petition any court of competent
jurisdiction for the removal of the Trustee and the appointment of a successor Trustee.

          A successor Trustee shall deliver a written acceptance of its appointment to the retiring
Trustee and to the 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. Subject to the Lien provided for in Section 7.07 hereof, the retiring Trustee shall
promptly transfer all property held by it as Trustee to the successor Trustee; provided, however,
that all sums owing to the Trustee hereunder shall have been paid. Notwithstanding replacement of
the Trustee pursuant to this Section 7.08, the Company’s obligations under Section 7.07 hereof
shall continue for the benefit of the retiring Trustee.

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          In the case of an appointment hereunder of a separate or successor Trustee with respect to the
Notes, the Company, any retiring Trustee and each successor or separate Trustee with respect to the
Notes shall execute and deliver a supplemental indenture hereto (1) which shall contain such
provisions as shall be deemed necessary or desirable to confirm that all the rights, powers, trusts
and duties of any retiring Trustee with respect to the Notes as to which any such retiring Trustee
is not retiring shall continue to be vested in such retiring Trustee and (2) that shall add to or
change any of the provisions of this Indenture as shall be necessary to provide for or facilitate
the administration of the trusts hereunder by more than one Trustee, it being understood that
nothing herein or in such supplemental indenture shall constitute such Trustee co-trustees of the
same trust and that each such separate, retiring or successor Trustee shall be Trustee of a trust
or trusts hereunder separate and apart from any trust or trusts hereunder administered by any such
other Trustee.

          Section 7.09 Successor Trustee by Merger, etc.

          If the Trustee consolidates, merges or converts into, or transfers all or substantially all of
its corporate trust business to, another corporation or banking association, the successor
corporation or banking association without any further act shall, if such successor corporation or
banking association is otherwise eligible hereunder, be the successor Trustee.

          Section 7.10 Eligibility; Disqualification.

          There shall at all times be a Trustee hereunder that is a Person organized and doing business
under the laws of the United States of America or of any state thereof that is authorized under
such laws to exercise corporate trustee power, that is subject to supervision or examination by
federal or state authorities and that has a combined capital and surplus of at least $50.0 million
(or a wholly-owned subsidiary of a bank or trust company, or of a bank holding company, the
principal subsidiary of which is a bank or trust company having a combined capital and surplus of
at least $50.0 million) 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.

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ARTICLE 8.

LEGAL DEFEASANCE AND COVENANT DEFEASANCE

          Section 8.01 Option to Effect Legal Defeasance or Covenant Defeasance.

          The Company may, at its option and at any time, elect to have either Sections 8.02 or 8.03
hereof be applied to all outstanding Notes upon compliance with the conditions set forth in this
Article 8. Any such election shall be evidenced by a Board Resolution set forth in an Officers’
Certificate.

          Section 8.02 Legal Defeasance and Discharge.

          Upon the Company’s exercise under Section 8.01 of the option applicable to this Section 8.02,
the Company shall, subject to the satisfaction of the conditions set forth in Section 8.04, be
deemed to have been discharged from its obligations with respect to all outstanding Notes on the
date the conditions set forth below are satisfied (hereinafter, “Legal Defeasance”) and each
Guarantor, if any, shall be released from all of its obligations under its Subsidiary Guaranty.
For this purpose, Legal Defeasance means that the Company shall be deemed to have paid and
discharged the entire Debt represented by the outstanding Notes, which shall thereafter be deemed
to be “outstanding” only for the purposes of Section 8.05 and the other Sections of this Indenture
referred to in (a) and (b) below, and to have satisfied all its other obligations under the Notes
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 8.04, and as more fully set forth in
such Section, payments in respect of the principal of, premium, if any, or interest on such Notes
when such payments are due, (b) the Company’s obligations with respect to such Notes under Article
2 and Sections 4.01 and 4.02, (c) the rights, powers, trusts, duties and immunities of the Trustee
hereunder and the Company’s and the Guarantor’s, if any, obligations in connection therewith and
(d) this Article 8. If the Company exercises under Section 8.01 the option applicable to this
Section 8.02, subject to the satisfaction of the conditions set forth in Section 8.04, payment of
the Notes may not be accelerated because of an Event of Default. Subject to compliance with this
Article 8, the Company may exercise its option under this Section 8.02 notwithstanding the prior
exercise of its option under Section 8.03.

          Section 8.03 Covenant Defeasance.

          Upon the Company’s exercise under Section 8.01 of the option applicable to this Section 8.03,
the Company shall, subject to the satisfaction of the conditions set forth in Section 8.04, be
released from its obligations under the covenants contained in Sections 4.09, 4.10, 4.11, 4.12,
4.13, 4.14, 4.16 and 4.17 hereof, and the operation of Section 5.01(a)(4), with respect to the
outstanding Notes on and after the date

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the conditions set forth in Section 8.04 are satisfied (hereinafter, “Covenant Defeasance”) and each
Guarantor, if any, shall be released from all of its obligations under its Subsidiary Guaranty with
respect to such covenants in connection with such outstanding Notes and the Notes shall thereafter
be deemed not “outstanding” for the purposes of any direction, waiver, consent or declaration or
act of Holders (and the consequences of any thereof) in connection with such covenants, but shall
continue to be deemed “outstanding” for all other purposes hereunder (it being understood that such
Notes shall not be deemed outstanding for accounting purposes). For this purpose, Covenant
Defeasance means that, with respect to the outstanding Notes, the Company may omit to comply with
and shall have no liability in respect of any term, condition or limitation set forth in any such
covenant, whether directly or indirectly, by reason of any reference elsewhere herein to any such
covenant or by reason of any reference in any such covenant to any other provision herein or in any
other document and such omission to comply shall not constitute a Default or an Event of Default
under Section 6.01, but, except as specified above, the remainder of this Indenture and such Notes
shall be unaffected thereby. If the Company exercises under Section 8.01 the option applicable to
this Section 8.03, subject to the satisfaction of the conditions set forth in Section 8.04, payment
of the Notes may not be accelerated because of an Event of Default specified in clause (c) (with
respect to the covenant contained in Section 5.01(a)(4) hereof), clause (d) (with respect to the
covenants contained in Section 4.09, 4.10, 4.12 and 4.16 hereof), clause (f) (with respect to the
covenants contained in Sections 4.11, 4.13, 4.14 and 4.17 hereof), and clauses (g), (h), (i) and
(j) (but in the case of (i) and (j) of Section 6.01, with respect to Significant Subsidiaries
only).

          Section 8.04 Conditions to Legal or Covenant Defeasance.

          The following shall be the conditions to the application of either Section 8.02 or 8.03 to the
outstanding Notes.

          The Legal Defeasance or Covenant Defeasance may be exercised only if:

          (a) the Company irrevocably deposits with the Trustee, in trust (the “defeasance trust”),
for the benefit of the Holders, cash in U.S. dollars, non-callable U.S. Government Securities, or a
combination of cash in U.S. dollars and non-callable U.S. Government Securities, in amounts as will
be sufficient, in the opinion of a nationally recognized firm of independent public accountants, to
pay the principal, premium, if any, and interest on the outstanding Notes on the Stated Maturity or
on the next Redemption Date, as the case may be, and the Company shall specify whether the Notes
are being defeased to maturity or to such particular Redemption Date;

          (b) in the case of Legal Defeasance, the Company shall deliver to the Trustee an Opinion
of Counsel confirming that (i) the Company has received from, or there has been published by, the
Internal Revenue Service a ruling or (ii) subsequent to the Issue Date, there has been a change in
the applicable federal income tax law, in either case to the effect that, and based thereon such
Opinion of Counsel shall confirm that, the Holders of the outstanding Notes will not recognize
income, gain or loss for federal income tax purposes as a result of such Legal Defeasance and will
be subject to federal income tax on the same amounts, in the same manner and at the same times as
would have been the case if such Legal Defeasance had not occurred;

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          (c) in the case of Covenant Defeasance, the Company has delivered to the Trustee an
Opinion of Counsel reasonably acceptable to the Trustee confirming that the Holders of the
outstanding Notes will not recognize income, gain or loss for federal income tax purposes as a
result of such Covenant Defeasance and will be subject to federal income tax on the same amounts,
in the same manner and at the same times as would have been the case if such Covenant Defeasance
had not occurred;

          (d) no Default or Event of Default has occurred and is continuing on the date of such
deposit (other than a Default or Event of Default resulting from the borrowing of funds to be
applied to such deposit and the grant of any Lien securing such borrowing);

          (e) such Legal Defeasance or Covenant Defeasance shall not result in a breach or violation
of, or constitute a default under, any material agreement or instrument (other than this Indenture)
to which the Company or any Subsidiary is a party or by which the Company or any Subsidiary is
bound;

          (f) the Company shall deliver to the Trustee an Officers’ Certificate stating that the
deposit was not made by the Company with the intent of preferring the Holders over other creditors
of the Company with the intent of defeating, hindering, delaying or defrauding such other
creditors; and

          (g) the Company delivers to the Trustee an Officers’ Certificate and an Opinion of
Counsel, each stating that all conditions precedent relating to the Legal Defeasance or the
Covenant Defeasance have been complied with.

          Section 8.05 Deposited Cash and U.S. Government Securities to be Held in Trust; Other
Miscellaneous Provisions.

          Subject to Section 8.06, all cash and non-callable U.S. Government Securities (including the
proceeds thereof) deposited with the Trustee (or other qualifying trustee, collectively for
purposes of this Section 8.05, the “Trustee”) pursuant to Section 8.04 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 all sums due and to become due thereon in respect of principal, premium, if any, and interest
but such cash and securities need not be segregated from other funds except to the extent required
by law.

          The Company shall pay and indemnify the Trustee against any tax, fee or other charge imposed
on or assessed against the cash or non-callable U.S. Government Securities deposited pursuant to
Section 8.04 hereof or the principal and interest received in respect thereof other than any such
tax, fee or other charge which by law is for the account of the Holders of the outstanding Notes.

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          Anything in this Article 8 to the contrary notwithstanding, the Trustee shall deliver or
pay to the Company from time to time upon the request of the Company any cash or non-callable U.S.
Government Securities held by it as provided in Section 8.04 which, in the opinion of a nationally
recognized firm of independent certified public accountants expressed in a written certification
thereof delivered to the Trustee (which may be the certification delivered under Section 8.04(a)),
are in excess of the amount thereof that would then be required to be deposited to effect an
equivalent Legal Defeasance or Covenant Defeasance.

          Section 8.06 Repayment to Company.

          The Trustee shall promptly, and in any event, no later than five (5) Business Days, pay to the
Company after request therefor, any excess money held with respect to the Notes at such time in
excess of amounts required to pay any of the Company’s Obligations then owing with respect to the
Notes.

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

          Section 8.07 Reinstatement.

          If the Trustee or Paying Agent is unable to apply any cash or non-callable U.S. Government
Securities in accordance with Sections 8.02 or 8.03, as the case may be, by reason of any order or
judgment of any court or governmental authority enjoining, restraining or otherwise prohibiting
such application, then the Company’s obligations under this Indenture and the Notes shall be
revived and reinstated as though no deposit had occurred pursuant to Sections 8.02 or 8.03 until
such time as the Trustee or Paying Agent is permitted to apply all such cash and securities in
accordance with Sections 8.02 or 8.03, as the case may be; provided, however, that, if the Company
makes any payment of principal of, premium, if any, or interest on any Note following the
reinstatement of its obligations, the Company shall be subrogated to the rights of the Holders to
receive such payment from the cash and securities held by the Trustee or Paying Agent.

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ARTICLE 9.

AMENDMENT, SUPPLEMENT AND WAIVER

          Section 9.01 Without Consent of Holders of Notes.

          Notwithstanding Section 9.02 of this Indenture, the Company and the Trustee may amend or
supplement this Indenture or the Notes without the consent of any Holder to:

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

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

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

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

     (5) to provide for or confirm the issuance of Additional Notes otherwise permitted to
be incurred by this Indenture; or

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

     (7) to allow any Guarantor to execute a supplemental indenture and/or Guarantee with
respect to the Notes;

     (8) to evidence and provide the acceptance of the appointment of a successor trustee
under this Indenture;

     (9) to mortgage, pledge, hypothecate or grant a security interest in favor of the
trustee for the benefit of the Holders as additional security for the payment and
performance of the Company’s or a Guarantor’s obligations;

     (10) to comply with the rules of any applicable Depositary;

     (11) to release a Guarantor from its Guarantee pursuant to the terms of this Indenture
when permitted or required pursuant to the terms herein; or

     (12) to conform the text of this Indenture, the Notes or the Guarantees to any
provision of the “Description of Notes” in the Company’s prospectus related to the Notes to
the extent that such provision in the “Description of Notes”
was intended to be a substantially verbatim recitation of a provision of this
Indenture, the Notes or the Guarantees.

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          Section 9.02 With Consent of Holders of Notes.

          Except as provided below in this Section 9.02, the Company and the Trustee may amend or
supplement this Indenture and the Notes with the consent of the Holders of at least a majority in
aggregate principal amount of the Notes then outstanding voting as a single class (including,
without limitation, consents obtained in connection with a purchase of or tender offer or exchange
offer for the Notes), and, subject to Sections 6.04 and 6.07, any existing Default or Event of
Default or compliance with any provision of this Indenture or the Notes may be waived with the
consent of the Holders of at least a majority in aggregate principal amount of the Notes then
outstanding voting as a single class (including, without limitation, consents obtained in
connection with a purchase of or tender offer or exchange offer for the Notes).

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

     (1) reduce the principal amount of Notes whose Holders must consent to an amendment,
supplement or waiver;

     (2) reduce the principal of or change the fixed maturity of any Note or alter the
provisions with respect to the redemption or repurchase of the Notes relating to Section
4.16 hereof (and any applicable definitions);

     (3) reduce the rate of or change the time for payment of interest on any Note;

     (4) waive a Default or Event of Default in the payment of principal of, or interest or
premium on the Notes (except a rescission of acceleration of the Notes by the Holders of at
least a majority in aggregate principal amount of the Notes and a waiver of the payment
default that resulted from such acceleration);

     (5) make any Note payable in money other than that stated in the Notes;

     (6) make any change in the provisions (including applicable definitions) of the
Indenture relating to waivers of past Defaults or the rights of Holders of Notes to receive
payments of principal of, or interest or premium on the Notes;

     (7) waive a redemption or repurchase payment with respect to any Note (including a
payment required by the provisions described under Sections 4.12 or 4.16 hereof;

     (8) make any change in the ranking of the Notes in a manner adverse to the Holders of
the Notes; or

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     (9) make any change in the preceding amendment and waiver provisions.

          The Company may, but shall not be obligated to, fix a record date for the purpose of
determining the Persons entitled to consent to any supplemental indenture. If a record date is
fixed, the Holders on such record date, or their duly designated proxies, and only such Persons,
shall be entitled to consent to such supplemental indenture, whether or not such Holders remain
Holders after such record date; provided that unless such consent shall have become effective by
virtue of the requisite percentage having been obtained prior to the date which is 120 days after
such record date, any such consent previously given shall automatically and without further action
by any Holder be cancelled and of no further effect.

          It shall not be necessary for the consent of the Holders under this Section 9.02 to approve
the particular form of any proposed amendment, supplement or waiver, but it shall be sufficient if
such consent approves the substance thereof.

          After an amendment, supplement or waiver under this Section 9.02 becomes effective, the
Company shall mail to the Holder of each Note affected thereby to such Holder’s address appearing
in the Note Register 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 9.03 Compliance with Trust Indenture Act.

          Every amendment or supplement to this Indenture or the Notes shall be set forth in an amended
or supplemental indenture that complies with the TIA as then in effect.

          Section 9.04 Revocation and Effect of Consents.

          Until an amendment, supplement or waiver becomes effective, a consent to it by a Holder is a
continuing consent by the Holder of a Note and every subsequent Holder of a Note or portion thereof
that evidences the same debt as the consenting Holder’s Note, even if notation of the consent is
not made on any Note. However, any such Holder or subsequent Holder may revoke the consent as to
its Note or portion thereof if the Trustee receives written notice of revocation before the date
the waiver, supplement or amendment becomes effective. An amendment, supplement or waiver shall
become effective in accordance with its terms and thereafter shall bind every Holder.

          Section 9.05 Notation on or Exchange of Notes.

          The Trustee may place an appropriate notation about an amendment, supplement or waiver on any
Note thereafter authenticated. The Company in exchange for all Notes may issue and, upon receipt
of a Company Order in accordance with Section 2.02 hereof, the Trustee shall authenticate new Notes that reflect the amendment, supplement
or waiver.

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          Failure to make the appropriate notation or issue a new Note shall not affect the validity and
effect of such amendment, supplement or waiver.

          Section 9.06 Trustee to Sign Amendments, etc.

          The Trustee shall sign any amended or supplemental indenture authorized pursuant to this
Article 9 if the amendment or supplement does not adversely affect the rights, duties, liabilities
or immunities of the Trustee. The Company may not sign an amendment or supplemental indenture
until its board of directors (or committee serving a similar function) approves it. In executing
any amended or supplemental indenture, the Trustee shall be provided with and (subject to Section
7.01 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 and that such amended or supplemental indenture is the legal, valid and
binding obligations of the Company enforceable against it in accordance with its terms, subject to
customary exceptions and that such amended or supplemental indenture complies with the provisions
hereof (including Section 9.03).

ARTICLE 10.

SUBSIDIARY GUARANTEES

          Section 10.01 Subsidiary Guarantee.

          Subject to this Article 10, the Guarantors hereby unconditionally guarantee to each Holder of
a Note authenticated and delivered by the Trustee and to the Trustee and its successors and
assigns: (a) the due and punctual payment of the principal of, premium, if any, and interest on the
Notes, subject to any applicable grace period, whether at Stated Maturity, by acceleration,
redemption or otherwise, the due and punctual payment of interest on the overdue principal of and
premium, if any, and, to the extent permitted by law, interest, and the due and punctual
performance of all other obligations of the Company to the Holders or the Trustee under this
Indenture and the Notes, all in accordance with the terms hereof and thereof; and (b) in case of
any extension of time of payment or renewal of any Notes or any of such other obligations, that
same shall be promptly paid in full when due or performed in accordance with the terms of the
extension or renewal, whether at Stated Maturity, by acceleration pursuant to Section 6.02,
redemption or otherwise. Failing payment when due of any amount so guaranteed or any performance
so guaranteed for whatever reason, the Guarantors shall be jointly and severally obligated to pay
the same immediately. Each Guarantor agrees that this is a guarantee of payment and not a
guarantee of collection.

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          Each Guarantor hereby agrees that its obligations with regard to its Subsidiary Guarantee
shall be joint and several, unconditional, irrespective of the validity or enforceability of the
Notes or the obligations of the Company under this Indenture, the
absence of any action to enforce the same, the recovery of any judgment against the Company or
any other obligor with respect to this Indenture, the Notes or the Obligations of the Company under
this Indenture or the Notes, any action to enforce the same or any other circumstances (other than
complete performance) which might otherwise constitute a legal or equitable discharge or defense of
a Guarantor. Each Guarantor further, to the extent permitted by law, waives and relinquishes all
claims, rights and remedies accorded by applicable law to guarantors and agrees not to assert or
take advantage of any such claims, rights or remedies, including but not limited to: (a) any right
to require any of the Trustee, the Holders or the Company (each a “Benefited Party”), as a
condition of payment or performance by such Guarantor, to (1) proceed against the Company, any
other guarantor (including any other Guarantor) of the Obligations under the Subsidiary Guarantees
or any other Person, (2) proceed against or exhaust any security held from the Company, any such
other guarantor or any other Person, (3) proceed against or have resort to any balance of any
deposit account or credit on the books of any Benefited Party in favor of the Company or any other
Person, or (4) pursue any other remedy in the power of any Benefited Party whatsoever; (b) any
defense arising by reason of the incapacity, lack of authority or any disability or other defense
of the Company including any defense based on or arising out of the lack of validity or the
unenforceability of the Obligations under the Subsidiary Guarantees or any agreement or instrument
relating thereto or by reason of the cessation of the liability of the Company from any cause other
than payment in full of the Obligations under the Subsidiary Guarantees; (c) 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; (d) any defense based upon
any Benefited Party’s errors or omissions in the administration of the Obligations under the
Subsidiary Guarantees, except behavior which amounts to bad faith; (e)(1) any principles or
provisions of law, statutory or otherwise, which are or might be in conflict with the terms of the
Subsidiary Guarantees and any legal or equitable discharge of such Guarantor’s obligations
hereunder, (2) the benefit of any statute of limitations affecting such Guarantor’s liability
hereunder or the enforcement hereof, (3) any rights to set-offs, recoupments and counterclaims and
(4) promptness, diligence and any requirement that any Benefited Party protect, secure, perfect or
insure any security interest or lien or any property subject thereto; (f) notices, demands,
presentations, protests, notices of protest, notices of dishonor and notices of any action or
inaction, including acceptance of the Subsidiary Guarantees, notices of Default under the Notes or
any agreement or instrument related thereto, notices of any renewal, extension or modification of
the Obligations under the Subsidiary Guarantees or any agreement related thereto, and notices of
any extension of credit to the Company and any right to consent to any thereof; (g) to the extent
permitted under applicable law, the benefits of any “One Action” rule and (h) any defenses or
benefits that may be derived from or afforded by law which limit the liability of or exonerate
guarantors or sureties, or which may conflict with the terms of the Subsidiary Guarantees. Except
to the extent expressly provided herein, including Sections 8.02, 8.03 and 10.05, each Guarantor
hereby covenants that its Subsidiary Guarantee shall not be discharged except by complete
performance of the obligations contained in its Subsidiary Guarantee and this Indenture.

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          If any Holder or the Trustee is required by any court or otherwise to return to the Company,
the Guarantors or any custodian, trustee, liquidator or other similar official acting in relation
to either the Company or the Guarantors, any amount paid by either to the Trustee or such Holder,
this Subsidiary Guarantee, to the extent theretofore discharged, shall be reinstated in full force
and effect.

          Each Guarantor agrees that it shall not be entitled to any right of subrogation in relation to
the Holders in respect of any obligations guaranteed hereby until payment in full of all
obligations guaranteed hereby. Each Guarantor further agrees that, as between the Guarantors, on
the one hand, and the Holders and the Trustee, on the other hand, (x) the maturity of the
obligations guaranteed hereby may be accelerated as provided in Section 6.02 hereof for the
purposes of this Subsidiary Guarantee, notwithstanding any stay, injunction or other prohibition
preventing such acceleration in respect of the obligations guaranteed hereby and (y) in the event
of any declaration of acceleration of such obligations as provided in Section 6.02 hereof, such
obligations (whether or not due and payable) shall forthwith become due and payable by the
Guarantors for the purpose of this Subsidiary Guarantee. The Guarantors shall have the right to
seek contribution from any non-paying Guarantor so long as the exercise of such right does not
impair the rights of the Holders under the Subsidiary Guarantee.

          Section 10.02 Limitation on Guarantor Liability.

          (a) Each Guarantor, and by its acceptance of Notes, each Holder, hereby confirms that it is
the intention of all such parties that the guarantee of such Guarantor not constitute a fraudulent
transfer or conveyance for purposes of Bankruptcy Law, the Uniform Fraudulent Conveyance Act, the
Uniform Fraudulent Transfer Act or any similar federal or state law to the extent applicable to any
guarantee. To effectuate the foregoing intention, the Trustee, the Holders and the Guarantors
hereby irrevocably agree that each Guarantor’s liability shall be that amount from time to time
equal to the aggregate liability of such Guarantor under the guarantee, but shall be limited to the
lesser of (a) the aggregate amount of the Company’s obligations under the Notes and this Indenture
or (b) the amount, if any, which would not have (1) rendered the Guarantor “insolvent” (as such
term is defined in the Federal Bankruptcy Code and in the Debtor and Creditor Law of the State of
New York) or (2) left it with unreasonably small capital at the time its guarantee with respect to
the Notes was entered into, after giving effect to the incurrence of existing Debt immediately
before such time; provided, however, it shall be a presumption in any lawsuit or proceeding in
which a Guarantor is a party that the amount guaranteed pursuant to the guarantee with respect to
the Notes is the amount described in clause (a) above unless any creditor, or representative of
creditors of the Guarantor, or debtor in possession or Trustee in bankruptcy of the Guarantor,
otherwise proves in a lawsuit that the aggregate liability of the Guarantor is limited to the
amount described in clause (b).

          (b) In making any determination as to the solvency or sufficiency of capital of a Guarantor in
accordance with the proviso of Section 10.02(a), the right of each Guarantor to contribution from
other Guarantors and any other rights such Guarantor may have, contractual or otherwise, shall be
taken into account.

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          Section 10.03 Execution and Delivery of Subsidiary Guarantee.

          To evidence its Subsidiary Guarantee set forth in Section 10.01, each Guarantor hereby agrees
that a notation of such Subsidiary Guarantee in substantially the form included in Exhibit
B attached hereto shall be endorsed by an Officer of such Guarantor on each Note authenticated
and delivered by the Trustee and that this Indenture shall be executed on behalf of such Guarantor
by its President or one of its Vice Presidents.

          Each Guarantor hereby agrees that its Subsidiary Guarantee set forth in Section 10.01 shall
remain in full force and effect notwithstanding any failure to endorse on each Note a notation of
such Subsidiary Guarantee.

          If an Officer whose signature is on this Indenture or on the Subsidiary Guarantee no longer
holds that office at the time the Trustee authenticates the Note on which a Subsidiary Guarantee is
endorsed, the Subsidiary Guarantee shall be valid nevertheless.

          The delivery of any Note by the Trustee, after the authentication thereof hereunder, shall
constitute due delivery of the Subsidiary Guarantee set forth in this Indenture on behalf of the
Guarantors.

          The Company hereby agrees that it shall cause each Person that becomes obligated to provide a
Subsidiary Guarantee pursuant to Section 4.17 to execute a supplemental indenture in form and
substance reasonably satisfactory to the Trustee, pursuant to which such Person provides the
guarantee set forth in this Article 10 and otherwise assumes the obligations and accepts the rights
of a Guarantor under this Indenture, in each case with the same effect and to the same extent as if
such Person had been named herein as a Guarantor. The Company also hereby agrees to cause each
such new Guarantor to evidence its guarantee by endorsing a notation of such Subsidiary Guarantee
on each Note as provided in this Section 10.03.

          Section 10.04 Guarantors May Consolidate, etc., on Certain Terms.

          Except as otherwise provided in Section 10.05, no Guarantor may consolidate with or merge with
or into (whether or not such Guarantor is the Surviving Person) another Person whether or not
affiliated with such Guarantor unless:

          (a) subject to Section 10.05, the Person formed by or surviving any such consolidation or
merger (if other than a Guarantor or the Company) unconditionally assumes all the obligations of
such Guarantor, pursuant to a supplemental indenture in form and substance reasonably satisfactory
to the Trustee, under this Indenture and any Subsidiary Guarantee on the terms set forth herein;
and

          (b) the Guarantor complies with the requirements of Article 5 hereof.

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          In case of any such consolidation, merger, sale or conveyance and upon the assumption by the
successor Person, by supplemental indenture, executed and
delivered to the Trustee and satisfactory in form to the Trustee, of the Subsidiary Guarantee
endorsed upon the Notes and the due and punctual performance of all of the covenants and conditions
of this Indenture to be performed by the Guarantor, such successor Person shall succeed to and be
substituted for the Guarantor with the same effect as if it had been named herein as a Guarantor.
Such successor Person thereupon may cause to be signed any or all of the Subsidiary 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 Subsidiary Guarantees so issued shall in all
respects have the same legal rank and benefit under this Indenture as the Subsidiary Guarantees
theretofore and thereafter issued in accordance with the terms of this Indenture as though all of
such Subsidiary Guarantees had been issued at the date of the execution hereof.

          Except as set forth in Articles 4 and 5, and notwithstanding clauses (a) and (b) above,
nothing contained in this Indenture or in any of the Notes shall prevent any consolidation or
merger of a Guarantor with or into the Company or another Guarantor, or shall prevent any sale or
conveyance of the property of a Guarantor as an entirety or substantially as an entirety to the
Company or another Guarantor.

          Section 10.05 Releases Following Merger, Consolidation or Sale of Assets, Etc.

          In the event of a sale or other disposition of all or substantially all of the assets of any
Guarantor, by way of merger, consolidation or otherwise, or a sale or other disposition of all of
the Capital Stock of any Guarantor, in each case to a Person that is not (either before or after
giving effect to such transactions) a Subsidiary of the Company, then such Guarantor (in the event
of a sale or other disposition, by way of merger, consolidation or otherwise, of all of the Capital
Stock of such Guarantor) or the corporation acquiring the property (in the event of a sale or other
disposition of all or substantially all of the assets of such Guarantor) shall be released and
relieved of any obligations under its Subsidiary Guarantee; provided that the net proceeds of such
sale or other disposition shall be applied in accordance with the applicable provisions of this
Indenture, including without limitation Section 4.12. If a Restricted Subsidiary is designated as
an Unrestricted Subsidiary in accordance with the provisions of Section 4.16, such Subsidiary shall
be released and relieved of any obligations under its Subsidiary Guarantee. Upon delivery by the
Company to the Trustee of an Officers’ Certificate and an Opinion of Counsel to the effect that
such sale or other disposition was made by the Company in accordance with the provisions of this
Indenture, including without limitation Section 4.12, the Trustee shall execute any documents
reasonably required in order to evidence the release of any Guarantor from its obligations under
its Subsidiary Guarantee.

          Any Guarantor not released from its obligations under its Subsidiary 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 10.

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ARTICLE 11.

SATISFACTION AND DISCHARGE

          Section 11.01 Satisfaction and Discharge.

          This Indenture will be discharged and will cease to be of further effect, as to all Notes
issued hereunder, when:

          (a) either:

          (1) all Notes that have been authenticated, except lost, stolen or destroyed notes
that have been replaced or paid and notes for whose payment money has been deposited in
trust and thereafter repaid to the Company, have been delivered to the Trustee for
cancellation; or

          (2) all Notes that have not been delivered to the Trustee for cancellation have become
due and payable by reason of the mailing of a notice of redemption or otherwise or will
become due and payable within one year, and the Company has irrevocably deposited or caused
to be deposited with the Trustee as trust funds in trust solely for the benefit of the
Holders, cash in U.S. dollars, non-callable U.S. Government Securities, or a combination of
cash in U.S. dollars and non-callable U.S. Government Securities, in such amounts as will
be sufficient without consideration of any reinvestment of interest, to pay and discharge
the entire indebtedness on the Notes not delivered to the Trustee for cancellation for
principal, premium, if any, and accrued interest to the date of maturity or redemption;

          (b) no Default or Event of Default has occurred and is continuing on the date of the deposit
or will occur as a result of the deposit and the deposit will not result in a breach or violation
of, or constitute a default under, any other instrument to which the Company is a party or by which
the Company is bound;

          (c) the Company has paid or caused to be paid all sums payable by it under this Indenture; and

          (d) the Company has delivered irrevocable instructions to the Trustee to apply the deposited
money toward the payment of the Notes at maturity or the Redemption Date, as the case may be.

          In addition, the Company must deliver an Officers’ Certificate and an opinion of counsel to
the Trustee stating that all conditions precedent to satisfaction and discharge have been
satisfied.

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          Section 11.02 Deposited Cash and U.S. Government Securities to be Held in Trust; Other
Miscellaneous Provisions.

          Subject to Section 11.03, all cash and non-callable U.S. Government Securities (including the
proceeds thereof) deposited with the Trustee (or other qualifying trustee, collectively for
purposes of this Section 11.02, the “Trustee”) pursuant to Section 11.01 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 but such cash and securities need not be segregated from other funds except to the
extent required by law.

          Section 11.03 Repayment to Company.

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

ARTICLE 12.

MISCELLANEOUS

          Section 12.01 Trust Indenture Act Controls.

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

          Section 12.02 Notices.

          Any notice or communication by the Company or the Trustee to the other is duly given if in
writing and delivered in person or mailed by first class mail (registered or certified, return
receipt requested), facsimile transmission or overnight air courier guaranteeing next-day delivery,
to the other’s address:

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If to the Company:

Centene Corporation

7700 Forsyth Boulevard

St. Louis, MO 63102

Attention: Chief Financial Officer

Telecopier No.: (314) 725-5180

If to the Trustee:

The Bank of New York Mellon Trust Company, N.A.

2 North LaSalle Street, Suite 1020

Chicago, Illinois 60602

Attention: Corporate Trust Administration

Telecopier No.:(312) 827-8542

          The Company or the Trustee, by notice to the other, may designate additional or different
addresses for subsequent notices or communications.

          All notices and communications (other than those sent to the Trustee or Holders) shall be
deemed to have been duly given: at the time delivered by hand, if personally delivered; five
Business Days after being deposited in the mail, postage prepaid, if mailed; when receipt
acknowledged, if sent by facsimile transmission; and the next Business Day after timely delivery to
the courier, if sent by overnight air courier guaranteeing next-day delivery. All notices and
communications to the Trustee or Holders shall be deemed duly given and effective only upon
receipt.

          Any notice or communication to a Holder shall be mailed by first class mail, certified or
registered, return receipt requested, or by overnight air courier guaranteeing next-day delivery to
its address shown on the Note Register.

          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 12.03 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).

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          Section 12.04 Certificate and Opinion as to Conditions Precedent.

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

          (a) an Officers’ Certificate in form and substance reasonably satisfactory to the Trustee
(which shall include the statements set forth in Section 12.05 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 complied with; and

          (b) an Opinion of Counsel in form and substance reasonably satisfactory to the Trustee (which
shall include the statements set forth in Section 12.05 hereof) stating that, in the opinion of
such counsel, all such conditions precedent and covenants have been complied with.

          Section 12.05 Statements Required in Certificate or Opinion.

          Each certificate or opinion with respect to compliance with a condition or covenant provided
for in this 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 such Person to express an informed opinion as to whether or
not such covenant or condition has been complied with; and

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

          With respect to matters of fact, an Opinion of Counsel may rely on an Officers’ Certificate,
certificates of public officials or reports or opinions of experts.

          Section 12.06 Rules by Trustee and Agents.

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

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          Section 12.07 No Personal Liability of Directors, Officers, Employees and Stockholders.

          No past, present or future director, officer, employee, incorporator, stockholder, member,
manager or partner of the Company or any Guarantor, as such, shall have any liability for any
obligations of the Company or of the Guarantors under the Notes, this Indenture, the Subsidiary
Guarantees, if any, or for any claim based on, in respect of, or by reason of, such obligations or
their creation. Each Holder of Notes by accepting a Note waives and releases all such liability.
The waiver and release are part of the consideration for issuance of the Notes. The waiver and
release may not be effective to waive or release liabilities under the federal securities laws.

          Section 12.08 Governing Law.

          THE INTERNAL LAW OF THE STATE OF NEW YORK SHALL GOVERN AND BE USED TO CONSTRUE THIS INDENTURE
AND THE NOTES WITHOUT GIVING EFFECT TO APPLICABLE PRINCIPLES OF CONFLICTS OF LAW TO THE EXTENT THAT
THE APPLICATION OF THE LAWS OF ANOTHER JURISDICTION WOULD BE REQUIRED THEREBY.

          Section 12.09 No Adverse Interpretation of Other Agreements.

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

          Section 12.11 Severability.

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

          Section 12.12 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, Cross-Reference Table and Headings in 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.

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          Section 12.14 Qualification of this Indenture.

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

          Section 12.15 Waiver of Jury Trial.

          EACH OF THE COMPANY AND THE TRUSTEE HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED
BY APPLICABLE LAW, ANY AND ALL RIGHT TO TRIAL BY JURY IN ANY LEGAL PROCEEDING ARISING OUT OF OR
RELATING TO THIS INDENTURE, THE NOTES OR THE TRANSACTION CONTEMPLATED HEREBY.

          Section 12.16 Force Majeure.

          In no event shall the Trustee be responsible or liable for any failure or delay in the
performance of its obligations hereunder arising out of or caused by, directly or indirectly,
forces beyond its control, including, without limitation, strikes, work stoppages, accidents, acts
of war or terrorism, civil or military disturbances, nuclear or natural catastrophes or acts of
God, and interruptions, loss or malfunctions of utilities, communications or computer (software and
hardware) services; it being understood that the Trustee shall use reasonable efforts which are
consistent with accepted practices in the banking industry to resume performance as soon as
practicable under the circumstances.

[Signatures on following page]

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          IN WITNESS WHEREOF, the parties have caused this Indenture to be duly executed.

	 	 	 	 	 
	 	Company:

CENTENE CORPORATION

 	 
	Dated May 27, 2011 	By:  	/s/ William N. Scheffel
 	 
	 	 	Name:  	William N. Scheffel 	 
	 	 	Title:  	Executive Vice President,

Chief Financial Officer and Treasurer 	 
	 
	 	Trustee:

THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A.

 	 
	Dated May 27, 2011 	By:  	/s/ D. G. Donovan
 	 
	 	 	Name:  	D. G. Donovan 	 
	 	 	Title:  	Vice President 	 

 

 

	 	 	 	 	 

EXHIBIT A

[Form of Face of Security]

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

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

GLOBAL NOTE

5.75% SENIOR NOTES DUE 2017

CUSIP __________

ISIN __________

			
	 	 	 
	No. ___________
	 	$

CENTENE CORPORATION

promises to pay to CEDE & CO., INC. or registered assigns, the principal sum of
____________________________ Dollars ($____________) on June 1, 2017.

Interest Payment Dates: June 1 and December 1, commencing December 1, 2011.

Record Dates: May 15 and November 15.

Dated: May 27, 2011

A-1

 

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

	 	 	 	 	 
	 	CENTENE CORPORATION

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 

This is one of the

Notes referred to in the

within-mentioned Indenture:

	 	 	 	 	 
	 	THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A. as Trustee

 	 
	 	By:  	 	 
	 	 	Authorized Signatory 	 

Dated May 27, 2011

A-2

 

(Back of Note)

5.75% Senior Notes due 2017

          Capitalized terms used herein shall have the meanings assigned to them in the Indenture
referred to below unless otherwise indicated.

          1. Interest. Centene Corporation, a Delaware corporation (the “Company”), promises to pay
interest on the principal amount of this Note at 5.75% per annum until maturity. The Company shall
pay interest semi-annually on June 1 and December 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”). Interest
shall accrue from the most recent date to which interest has been paid on the Notes (or one or more
Predecessor Notes) or, if no interest has been paid, from May 27, 2011. The Company shall pay
interest (including post-petition interest in any proceeding under any Bankruptcy Law) on overdue
principal and premium, if any, from time to time at a rate that is 1% per annum in excess of the
interest rate then in effect under the Indenture and this Note; it shall pay interest (including
post-petition interest in any proceeding under any Bankruptcy Law) on overdue installments of
interest (without regard to any applicable grace periods), from time to time 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)
to the Persons in whose name this Note (or one or more Predecessor Notes) is registered at the
close of business on the May 15 or November 15 next preceding the Interest Payment Date, even if
such Notes are cancelled after such record date and on or before such Interest Payment Date, except
as provided in Section 2.14 of the Indenture with respect to defaulted interest. The Notes shall
be payable as to principal, premium, if any, and interest at the office or agency of the Company
maintained for such purpose, or, at the option of the Company, payment of interest may be made by
check mailed to the Holders at their addresses set forth in the Note Register; provided, however,
that payment by wire transfer of immediately available funds shall be required with respect to
principal of and interest and premium, if any, on, all Global Notes and all other Notes the Holders
of which shall have provided wire transfer instructions to the Company or the Paying Agent. 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, The Bank of New York Mellon Trust Company, N.A. ,
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 Restricted
Subsidiaries may act in any such capacity.

A-3

 

          4. Indenture. The Company issued the Notes under an Indenture dated as of May 27, 2011 (the
“Indenture”) between the Company 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. To the extent any provision of this Note conflicts with the express
provisions of the Indenture, the provisions of the Indenture shall govern and be controlling.

          5. Optional Redemption.

          (a) Except as set forth in clause (b) of this paragraph 5, the Notes shall not be redeemable
at the option of the Company.

          (b) At any time the Company may redeem all or any portion of the Notes, at once or over time,
after giving the notice required pursuant to Section 3.03 of the Indenture, at a Redemption Price
equal to the greater of:

          (i) 100% of the principal amount of the Notes to be redeemed; and

          (ii) the sum of the present values of (1) the principal amount of the Notes at
maturity and (2) the remaining scheduled payments of interest from the Redemption Date
through June 1, 2017, but excluding accrued and unpaid interest to the Redemption Date,
discounted to the Redemption Date (assuming a 360 day year consisting of twelve 30 day
months) at the Treasury Rate plus 50 basis points;

plus, in either case, accrued and unpaid interest, to the Redemption Date (subject to the right of
Holders of record on the relevant Regular Record Date to receive interest due on the relevant
Interest Payment Date).

          6. Mandatory Redemption. Except as set forth in Sections 4.12 and 4.16 of the Indenture, the
Company shall not be required to make mandatory redemption or sinking fund payments with respect to
the Notes.

          7. Repurchase at Option of Holder.

          (a) Upon the occurrence of a Change of Control, Article 3 and Section 4.16 of the Indenture
shall apply to the extent applicable.

          (b) If the Company or any of its Restricted Subsidiaries consummates an Asset Sale, Article 3
and Section 4.12 of the Indenture shall apply to the extent applicable.

          8. Notice of Redemption. Notice of redemption shall be mailed 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 $2,000 may be redeemed in part but only in
whole multiples of $1,000, unless all of
the Notes held by a Holder are to be redeemed. On and after the Redemption Date interest
ceases to accrue on Notes or portions thereof called for redemption.

A-4

 

          9. Denominations, Transfer, Exchange. The Notes are in registered form without coupons in
denominations of $2,000 and integral multiples of $1,000. This Note shall represent the aggregate
principal amount of outstanding Notes from time to time endorsed hereon and the aggregate principal
amount of Notes represented hereby may from time to time be reduced or increased, as appropriate,
to reflect exchanges and redemptions. 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, the
Company 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 corresponding
Interest Payment Date.

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

          11. Amendment, Supplement and Waiver. Subject to certain exceptions, the Company and the
Trustee may amend or supplement the Indenture or the Notes with the consent of the Holders of a
majority in principal amount of the then outstanding Notes, including Additional Notes, if any,
voting as a single class (including consents obtained in connection with a purchase of or tender
offer or exchange offer for the Notes), and, subject to Sections 6.04 and 6.07 of the Indenture,
any existing Default or Event of Default (except a continuing Default or Event of Default in the
payment of principal, premium, if any, interest on the Notes) or compliance with any provision of
the Indenture or the Notes (except for certain covenants and provisions of the Indenture which
cannot be amended without the consent of each Holder) may be waived with the consent of the Holders
of a majority in principal amount of the then outstanding Notes, including Additional Notes, if
any, then outstanding voting as a single class (including consents obtained in connection with a
purchase of or tender offer or exchange offer for the Notes). Without the consent of any Holder,
the Company and the Trustee may amend or supplement the Indenture or the Notes to (a) 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
Holders in the case of a merger or consolidation or sale of all or substantially all of the
Company’s assets; (d) to make any change that would provide any additional rights or benefits to
the Holders or that does not adversely affect the legal rights under the Indenture of any such
Holder; (e) to provide for or confirm the issuance of Additional Notes otherwise permitted to be
incurred by the Indenture; (f) to comply with the requirements of the Commission in order to effect
or maintain the qualification of the Indenture under the TIA; (g) to allow any Guarantor to execute
a supplemental indenture and/or a Guarantee with respect to the Notes; (h) to evidence and provide
the acceptance of the appointment of a successor trustee under the Indenture; (i) to mortgage,
pledge, hypothecate or grant a security

A-5

 

interest in favor of the Trustee for the benefit of the
Holders as additional security for the payment and performance of the Company’s or a Guarantor’s
obligations; (j) to comply with the rules of any applicable Depositary; (k) to release a Guarantor
from its Guarantee pursuant to the terms of the Indenture when permitted or required pursuant to
the terms of the Indenture; or (l) to conform the text of the Indenture, the Notes or the
Guarantees to any provision of the “Description of Notes” in the Company’s prospectus related to
the Notes to the extent that such provision in the “Description of Notes” was intended to be a
substantially verbatim recitation of a provision of the Indenture, the Notes or the Guarantees.

          12. Defaults and Remedies. Each of the following is an Event of Default under the Indenture:
(a) default for 30 days in the payment when due of interest on the Notes; (b) default in payment
when due of the principal of or premium, if any, on the Notes; (c) failure by the Company or any of
its Restricted Subsidiaries to comply with Section 5.01 of the Indenture; (d) failure by the
Company or any of its Restricted Subsidiaries for 30 days after notice to comply with the
provisions described under Sections 4.12 and 4.16 of the Indenture; (e) failure by the Company for
120 days after notice to comply with the provisions described under Section 4.03 of the Indenture;
(f) failure by the Company or any of its Restricted Subsidiaries for 60 days after notice to comply
with any of its other agreements in the Indenture or the Notes; (g) default under any mortgage,
indenture or instrument under which there may be issued or by which there may be secured or
evidenced any Indebtedness for money borrowed by the Company or any of its Restricted Subsidiaries
(or the payment of which is guaranteed by the Company or any of its Restricted Subsidiaries,
whether such Indebtedness or Guarantee now exists, or is created after the Issue Date, if that
default: (a) is caused by a failure to pay principal of, or interest or premium, if any, on such
Indebtedness prior to the expiration of the grace period provided in such Indebtedness on the date
of such default (a “Payment Default”); or (b) results in the acceleration of such Indebtedness
prior to its express maturity, and, in each case, the principal amount of any such Indebtedness,
together with the principal amount of any other such Indebtedness under which there has been a
Payment Default or the maturity of which has been so accelerated, aggregates $50.0 million or more;
(h) failure by the Company or any of its Restricted Subsidiaries to pay final non-appealable
judgments entered by a court or courts of competent jurisdiction aggregating in excess of $50.0
million, which judgments are not paid, discharged or stayed for a period of 60 days; and (i)
certain events of bankruptcy, insolvency or reorganization affecting the Company or any of its
Significant Subsidiaries or any group that, taken together, would constitute a Significant
Subsidiary.

          If any Event of Default occurs and is continuing, the Trustee or the Holders of at least 25%
in principal amount of the then outstanding Notes may declare all the Notes to be due and payable
immediately. Notwithstanding the foregoing, in the case of an Event of Default arising from
certain events of bankruptcy or insolvency described in the Indenture, all outstanding Notes shall
become due and payable without further action or notice. Holders may not enforce the Indenture or
the Notes except as provided in the Indenture. Subject to certain limitations, Holders of a
majority in aggregate principal amount of the then outstanding Notes may direct the Trustee in its
exercise of any trust or power. The Trustee may withhold from Holders notice of any continuing
Default or Event of Default (except a Default or Event of Default relating to the

A-6

 

payment of
principal or interest) if it determines that withholding notice is in their interest. The Holders
of at least a majority in aggregate principal amount of the Notes then outstanding by notice to the
Trustee may on behalf of the Holders of all of the Notes waive any existing Default or Event of
Default and its consequences under the Indenture except a continuing Default or Event of Default in
the payment of interest on, or the principal of, the Notes. The Company is required to deliver to
the Trustee annually a statement regarding compliance with the Indenture, and the Company is
required upon becoming aware of any Default or Event of Default, to deliver to the Trustee a
statement specifying such Default or Event of Default.

          13. Trustee Dealings with Company. Subject to certain limitations, 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.

          14. No Recourse Against Others. No past, present or future director, officer, employee,
incorporator or stockholder of the Company or of any Guarantor, as such, shall have any liability
for any obligations of the Company or any Guarantor under the Indenture, the Notes, the Subsidiary
Guarantees, if any, or for any claim based on, in respect of, or by reason of, such obligations or
their creation. Each Holder by accepting a Note waives and releases all such liability.

          15. Authentication. This Note shall not be valid until authenticated by manual, facsimile or
electronic 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. CUSIP Numbers. Pursuant to a recommendation promulgated by the Committee on Uniform
Security Identification Procedures, the Company has caused CUSIP numbers to be printed on the Notes
and has directed the Trustee to use CUSIP numbers in notices of redemption as a convenience to
Holders. No representation is made as to the accuracy of such numbers either as printed on the
Notes or as contained in any notice of redemption and reliance may be placed only on the other
identification numbers placed thereon.

          18. Governing Law. THE INTERNAL LAW OF THE STATE OF NEW YORK SHALL GOVERN AND BE USED TO
CONSTRUE THIS NOTE WITHOUT GIVING EFFECT TO APPLICABLE PRINCIPALS OF CONFLICTS OF LAW TO THE EXTENT
THAT THE APPLICATION OF THE LAWS OF ANOTHER JURISDICTION WOULD BE REQUIRED THEREBY.

A-7

 

          The Company shall furnish to any Holder upon written request and without charge a copy of the
Indenture. Requests may be made to:

Centene Corporation

7700 Forsyth Boulevard

St. Louis, MO 63102

Attention: General Counsel

Telecopier No.: (314) 725-5180

A-8

 

OPTION OF HOLDER TO ELECT PURCHASE

     If you want to elect to have this Note purchased by the Company pursuant to Section 4.12 or
4.16 of the Indenture, check the box below:

	 	 	o Section 4.12
	 
	 	 	o Section 4.16

     If you want to elect to have only part of the Note purchased by the Company pursuant to
Section 4.12 or Section 4.16 of the Indenture, state the amount you elect to have purchased:
$                    

	 	 	 	 	 

	Date:

	 	 	 	Your Signature:

	 

	 	 	 	 
	 

	 	 	 	(Sign exactly as your name appears on the Note)
	 
	 	 	 	 
	 

	 	 	 	Tax Identification No.:
	 
	 	 	 	 
	 

	 	 	 	 
	 
	 	 	 	 
	 

	 	 	 	SIGNATURE GUARANTEE
	 
	 	 	 	 
	 

	 	 	 	 
	 

	 	 	 	Signatures must be guaranteed by an “eligible guarantor institution”
meeting the requirements of the Registrar, which requirements
include membership or participation in the Security Transfer Agent
Medallion Program (“STAMP”) or such other “signature guarantee
program” as may be determined by the Registrar in addition to, or in
substitution for, STAMP, all in accordance with the Securities
Exchange Act of 1934, as amended.

A-9

 

Assignment Form

To assign this Note, fill in the form below:

(I) or (we) assign and transfer this Note to

 

(Insert assignee’s social security or other tax I.D. no.)

 

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

	 	 	 	 	 
	and
	 	irrevocably
	 	appoint
	 	 

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

	 	 	 	 	 	 	 

	Date:

	 	 	 	Your Signature:	 	 
	 

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

	 	 	 	Signature Guarantee:	 	 
	 

	 	 	 	 	 	 

Signature must be guaranteed by a participant in a recognized signature guaranty medallion program
or other signature guarantor acceptable to the Trustee.

A-10

 

SCHEDULE OF EXCHANGES OF INTERESTS IN THE GLOBAL NOTE

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

	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Principal Amount of	 	Signature of
	 	 	 	 	 	 	this Global Note	 	authorized
	 	 	Amount of decrease	 	Amount of increase	 	following such	 	signatory of
	 	 	in Principal Amount	 	in Principal Amount	 	decrease (or	 	Trustee or Note
	Date of Exchange	 	of this Global Note	 	of this Global Note	 	increase)	 	Custodian
	 

	 	 
	 	 
	 	 
	 	 

A-11

 

EXHIBIT B

FORM OF NOTATION OF GUARANTEE

     For value received, each Guarantor (which term includes any successor Person under the
Indenture), jointly and severally, unconditionally guarantees, to the extent set forth in the
Indenture and subject to the provisions in the Indenture, dated as of May 27, 2011 (the
“Indenture”), among Centene Corporation, as issuer (the “Company”), the Guarantors listed on the
signature pages thereto and The Bank of New York Mellon Trust Company, N.A. , as trustee (the
“Trustee”), (a) the due and punctual payment of the principal of, premium, if any, and interest on
the Notes, whether at maturity, by acceleration, redemption or otherwise, the due and punctual
payment of interest on overdue principal and premium, if any, and, to the extent permitted by law,
interest 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 of the Indenture and (b) in case of any
extension of time of payment or renewal of any Notes or any of 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 or otherwise. The obligations of
the Guarantors to the Holders of Notes and to the Trustee pursuant to the Subsidiary Guarantee and
the Indenture are expressly set forth in Article 10 of the Indenture and reference is hereby made
to the Indenture for the precise terms of the Guarantee. This Subsidiary Guarantee is subject to
release as and to the extent set forth in Sections 8.02, 8.03 and 10.05 of the Indenture. Each
Holder of a Note, by accepting the same agrees to and shall be bound by such provisions.
Capitalized terms used herein and not defined are used herein as so defined in the Indenture.

	 	 	 	 	 
	 	[NAME OF GUARANTORS]

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 

B-1

 

TABLE OF CONTENTS

	 	 	 	 	 
	 	 	Page	 
	ARTICLE 1. DEFINITIONS AND INCORPORATION BY REFERENCE
	 	 	1	 
	Section 1.01 Definitions
	 	 	1	 
	Section 1.02 Other Definitions
	 	 	28	 
	Section 1.03 Incorporation by Reference of Trust Indenture Act
	 	 	29	 
	Section 1.04 Rules of Construction
	 	 	29	 
	ARTICLE 2. THE NOTES
	 	 	30	 
	Section 2.01 Form Generally
	 	 	30	 
	Section 2.02 Execution, Authentication Delivery and Dating
	 	 	30	 
	Section 2.03 Notes in Global Form
	 	 	31	 
	Section 2.04 Amount of Notes
	 	 	32	 
	Section 2.05 Registrar and Paying Agent
	 	 	32	 
	Section 2.06 Paying Agent to Hold Money in Trust
	 	 	33	 
	Section 2.07 Holder Lists
	 	 	33	 
	Section 2.08 Registration; Registration of Transfer and Exchange
	 	 	33	 
	Section 2.09 Replacement Notes
	 	 	35	 
	Section 2.10 Outstanding Notes
	 	 	35	 
	Section 2.11 Treasury Notes
	 	 	36	 
	Section 2.12 Temporary Notes
	 	 	36	 
	Section 2.13 Cancellation
	 	 	36	 
	Section 2.14 Payment of Interest; Defaulted Interest
	 	 	37	 
	Section 2.15 CUSIP or ISIN Numbers
	 	 	37	 
	Section 2.16 Additional Notes
	 	 	37	 
	Section 2.17 Record Date
	 	 	38	 
	Section 2.18 Persons Deemed Owners
	 	 	38	 
	Section 2.19 Computation of Interest
	 	 	38	 
	ARTICLE 3. REDEMPTION AND PREPAYMENT
	 	 	39	 
	Section 3.01 Notices to Trustee
	 	 	39	 
	Section 3.02 Selection of Notes to Be Redeemed
	 	 	39	 
	Section 3.03 Notice of Redemption
	 	 	39	 
	Section 3.04 Effect of Notice of Redemption
	 	 	40	 
	Section 3.05 Deposit of Redemption Price
	 	 	40	 
	Section 3.06 Notes Redeemed in Part
	 	 	41	 
	Section 3.07 Mandatory Redemption
	 	 	41	 
	Section 3.08 Offer To Purchase
	 	 	41	 
	ARTICLE 4. COVENANTS
	 	 	44	 
	Section 4.01 Payment of Notes
	 	 	44	 
	Section 4.02 Maintenance of Office or Agency
	 	 	45	 
	Section 4.03 SEC Reports
	 	 	45	 

i

 

	 	 	 	 	 
	 	 	Page	 
	Section 4.04 Compliance Certificate
	 	 	46	 
	Section 4.05 Taxes
	 	 	46	 
	Section 4.06 Stay, Extension and Usury Laws
	 	 	46	 
	Section 4.07 Corporate Existence
	 	 	47	 
	Section 4.08 Payments for Consent
	 	 	47	 
	Section 4.09 Incurrence of Indebtedness and Issuance of Preferred Stock
	 	 	47	 
	Section 4.10 Restricted Payments
	 	 	51	 
	Section 4.11 Liens
	 	 	55	 
	Section 4.12 Asset Sales
	 	 	55	 
	Section 4.13 Dividend and Other Payment Restrictions Affecting
Restricted Subsidiaries
	 	 	58	 
	Section 4.14 Affiliate Transactions
	 	 	59	 
	Section 4.15 Designation of Restricted and Unrestricted Subsidiaries
	 	 	61	 
	Section 4.16 Repurchase at the Option of Holders Upon a Change of Control
	 	 	61	 
	Section 4.17 Limitation on Issuances of Guarantees of Indebtedness
	 	 	61	 
	Section 4.18 Covenant Termination
	 	 	62	 
	ARTICLE 5. SUCCESSORS
	 	 	63	 
	Section 5.01 Merger, Consolidation or Sale of Assets
	 	 	63	 
	Section 5.02 Successor Corporation Substituted
	 	 	64	 
	ARTICLE 6. DEFAULTS AND REMEDIES
	 	 	65	 
	Section 6.01 Events of Default
	 	 	65	 
	Section 6.02 Acceleration
	 	 	67	 
	Section 6.03 Other Remedies
	 	 	67	 
	Section 6.04 Waiver of Defaults
	 	 	67	 
	Section 6.05 Control by Majority
	 	 	68	 
	Section 6.06 Limitation on Suits
	 	 	68	 
	Section 6.07 Rights of Holders to Receive Payment
	 	 	68	 
	Section 6.08 Collection Suit by Trustee
	 	 	68	 
	Section 6.09 Trustee May File Proofs of Claim
	 	 	69	 
	Section 6.10 Priorities
	 	 	69	 
	Section 6.11 Undertaking for Costs
	 	 	70	 
	ARTICLE 7. TRUSTEE
	 	 	70	 
	Section 7.01 Duties of Trustee
	 	 	70	 
	Section 7.02 Rights of Trustee
	 	 	71	 
	Section 7.03 Individual Rights of Trustee
	 	 	73	 
	Section 7.04 Trustee’s Disclaimer
	 	 	73	 
	Section 7.05 Notice of Defaults
	 	 	73	 
	Section 7.06 Reports by Trustee to Holders
	 	 	73	 
	Section 7.07 Compensation and Indemnity
	 	 	74	 

ii

 

	 	 	 	 	 
	 	 	Page	 
	Section 7.08 Replacement of Trustee
	 	 	75	 
	Section 7.09 Successor Trustee by Merger, etc.
	 	 	76	 
	Section 7.10 Eligibility; Disqualification
	 	 	76	 
	Section 7.11 Preferential Collection of Claims Against Company
	 	 	76	 
	ARTICLE 8. LEGAL DEFEASANCE AND COVENANT DEFEASANCE
	 	 	77	 
	Section 8.01 Option to Effect Legal Defeasance or Covenant Defeasance
	 	 	77	 
	Section 8.02 Legal Defeasance and Discharge
	 	 	77	 
	Section 8.03 Covenant Defeasance
	 	 	77	 
	Section 8.04 Conditions to Legal or Covenant Defeasance
	 	 	78	 
	Section 8.05 Deposited Cash and U.S. Government Securities to be Held in
	 	 	 	 
	Trust; Other Miscellaneous Provisions
	 	 	79	 
	Section 8.06 Repayment to Company
	 	 	80	 
	Section 8.07 Reinstatement
	 	 	80	 
	ARTICLE 9. AMENDMENT, SUPPLEMENT AND WAIVER
	 	 	81	 
	Section 9.01 Without Consent of Holders of Notes
	 	 	81	 
	Section 9.02 With Consent of Holders of Notes
	 	 	82	 
	Section 9.03 Compliance with Trust Indenture Act
	 	 	83	 
	Section 9.04 Revocation and Effect of Consents
	 	 	83	 
	Section 9.05 Notation on or Exchange of Notes
	 	 	83	 
	Section 9.06 Trustee to Sign Amendments, etc.
	 	 	84	 
	ARTICLE 10. SUBSIDIARY GUARANTEES
	 	 	84	 
	Section 10.01 Subsidiary Guarantee
	 	 	84	 
	Section 10.02 Limitation on Guarantor Liability
	 	 	86	 
	Section 10.03 Execution and Delivery of Subsidiary Guarantee
	 	 	87	 
	Section 10.04 Guarantors May Consolidate, etc., on Certain Terms
	 	 	87	 
	Section 10.05 Releases Following Merger, Consolidation or Sale of Assets, Etc.
	 	 	88	 
	ARTICLE 11. SATISFACTION AND DISCHARGE
	 	 	89	 
	Section 11.01 Satisfaction and Discharge
	 	 	89	 
	Section 11.02 Deposited Cash and U.S. Government Securities to be Held in
Trust; Other Miscellaneous Provisions
	 	 	90	 
	Section 11.03 Repayment to Company
	 	 	90	 
	ARTICLE 12. MISCELLANEOUS
	 	 	90	 
	Section 12.01 Trust Indenture Act Controls
	 	 	90	 
	Section 12.02 Notices
	 	 	90	 
	Section 12.03 Communication by Holders of Notes with Other Holders of
Notes
	 	 	91	 

iii

 

	 	 	 	 	 
	 	 	Page	 
	Section 12.04 Certificate and Opinion as to Conditions Precedent
	 	 	92	 
	Section 12.05 Statements Required in Certificate or Opinion
	 	 	92	 
	Section 12.06 Rules by Trustee and Agents
	 	 	92	 
	Section 12.07 No Personal Liability of Directors, Officers, Employees and
Stockholders
	 	 	93	 
	Section 12.08 Governing Law
	 	 	93	 
	Section 12.09 No Adverse Interpretation of Other Agreements
	 	 	93	 
	Section 12.10 Successors
	 	 	93	 
	Section 12.11 Severability
	 	 	93	 
	Section 12.12 Counterpart Originals
	 	 	93	 
	Section 12.13 Table of Contents, Headings, etc.
	 	 	93	 
	Section 12.14 Qualification of this Indenture
	 	 	94	 
	Section 12.15 Waiver of Jury Trial
	 	 	94	 
	Section 12.16 Force Majeure
	 	 	94	 

iv

 

CROSS-REFERENCE TABLE

	 	 	 
	TIA Section Reference	 	Indenture Section
	310(a)(1)
	 	7.10
	(a)(2)
	 	7.10
	(a)(3)
	 	N.A.
	(a)(4)
	 	N.A.
	(a)(5)
	 	7.10
	(b)
	 	7.08, 7.10
	311(a)
	 	7.11
	(b)
	 	7.11
	312(a)
	 	2.06
	(b)
	 	12.03
	(c)
	 	12.03
	313(a)
	 	7.06
	(b)(1)
	 	N.A.
	(b)(2)
	 	7.07
	(c)
	 	7.06, 12.02
	(d)
	 	7.06
	314(a)
	 	4.03, 4.04, 12.02
	314(b)
	 	N.A.
	(c)(1)
	 	12.04
	(c)(2)
	 	12.04
	(c)(3)
	 	N.A.
	(d)
	 	N.A.
	(e)
	 	12.05
	315(a)
	 	7.01
	(b)
	 	7.05, 12.02
	(c)
	 	7.01
	(d)
	 	7.01
	(e)
	 	6.11
	316(a) (last sentence)
	 	2.11
	(a)(1)(A)
	 	6.05
	(a)(1)(B)
	 	6.04
	(a)(2)
	 	N.A.
	(b)
	 	6.07
	317(a)(1)
	 	6.08
	(a)(2)
	 	6.09
	(b)
	 	6.09
	318(a)
	 	12.01

N.A. means Not Applicable.

Note: This Cross-Reference Table shall not, for any purpose, be deemed to be part of this
Indenture.

v

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