Document:

EX-4.1

 

Exhibit 4.1

 

FISHER SCIENTIFIC INTERNATIONAL INC., as Issuer

6 1/8% Senior Subordinated Notes due 2015

 

INDENTURE

Dated as of July 15, 2005

 

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

 

 

 

CROSS-REFERENCE TABLE

	 	 	 	 	 
	TIA	 	 	 	Indenture
	Section	 	Section  
	310
	 	(a)(1)	 	7.10
	 
	 	(a)(2)	 	7.10
	 
	 	(a)(3)	 	N.A.
	 
	 	(a)(4)	 	N.A.
	 
	 	(b)	 	7.8; 7.10
	 
	 	(c)	 	N.A.
	311
	 	(a)	 	7.11
	 
	 	(b)	 	7.11
	 
	 	(c)	 	N.A.
	312
	 	(a)	 	2.5
	 
	 	(b)	 	N.A.
	 
	 	(c)	 	N.A.
	313
	 	(a)	 	7.6
	 
	 	(b)(1)	 	N.A.
	 
	 	(b)(2)	 	7.6
	 
	 	(c)	 	7.6
	 
	 	(d)	 	7.6
	314
	 	(a)	 	4.18; 4.19; 11.2
	 
	 	(b)	 	N.A.
	 
	 	(c)(1)	 	11.4
	 
	 	(c)(2)	 	11.4
	 
	 	(c)(3)	 	N.A.
	 
	 	(d)	 	N.A.
	 
	 	(e)	 	11.5
	 
	 	(f)	 	4.19
	315
	 	(a)	 	7.1
	 
	 	(b)	 	7.5; 11.2
	 
	 	(c)	 	7.1
	 
	 	(d)	 	7.1
	 
	 	(e)	 	6.11
	316
	 	(a)(last sentence)	 	11.6
	 
	 	(a)(1)(A)	 	6.5
	 
	 	(a)(1)(B)	 	6.4
	 
	 	(a)(2)	 	N.A.
	 
	 	(b)	 	6.7
	317
	 	(a)(1)	 	6.8
	 
	 	(a)(2)	 	6.9
	 
	 	(b)	 	2.4
	318
	 	(a)	 	11.1

N.A. means Not Applicable

 

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

 

 

TABLE OF CONTENTS

	 	 	 	 	 	 	 
	 	 	 	 	Page	 
	 
	 	ARTICLE I	 	 	 	 
	 
	 	 	 	 	 	 
	 
	 	DEFINITIONS AND INCORPORATION BY REFERENCE	 	 	 	 
	 
	 	 	 	 	 	 
	SECTION 1.1.
	 	Definitions	 	 	1	 
	SECTION 1.2.
	 	Other Definitions	 	 	24	 
	SECTION 1.3.
	 	Incorporation by Reference of Trust Indenture Act	 	 	25	 
	SECTION 1.4.
	 	Rules of Construction	 	 	25	 
	 
	 	 	 	 	 	 
	 
	 	ARTICLE II	 	 	 	 
	 
	 	 	 	 	 	 
	 
	 	THE SECURITIES	 	 	 	 
	 
	 	 	 	 	 	 
	SECTION 2.1.
	 	Form and Dating	 	 	26	 
	SECTION 2.2.
	 	Execution and Authentication	 	 	27	 
	SECTION 2.3.
	 	Registrar and Paying Agent	 	 	28	 
	SECTION 2.4.
	 	Paying Agent to Hold Money in Trust	 	 	28	 
	SECTION 2.5.
	 	Securityholder Lists	 	 	29	 
	SECTION 2.6.
	 	Transfer and Exchange	 	 	29	 
	SECTION 2.7.
	 	Replacement Securities	 	 	35	 
	SECTION 2.8.
	 	Outstanding Securities	 	 	35	 
	SECTION 2.9.
	 	Temporary Securities	 	 	35	 
	SECTION 2.10.
	 	Cancellation	 	 	35	 
	SECTION 2.11.
	 	Defaulted Interest	 	 	36	 
	SECTION 2.12.
	 	CUSIP Numbers	 	 	36	 
	SECTION 2.13.
	 	Issuance of Additional Securities	 	 	36	 
	 
	 	 	 	 	 	 
	 
	 	ARTICLE III	 	 	 	 
	 
	 	 	 	 	 	 
	 
	 	REDEMPTION	 	 	 	 
	 
	 	 	 	 	 	 
	SECTION 3.1.
	 	Notices to Trustee	 	 	37	 
	SECTION 3.2.
	 	Selection of Securities To be Redeemed	 	 	37	 
	SECTION 3.3.
	 	Notice of Redemption	 	 	38	 
	SECTION 3.4.
	 	Effect of Notice of Redemption	 	 	38	 
	SECTION 3.5.
	 	Deposit Of Redemption Price	 	 	39	 
	SECTION 3.6.
	 	Securities Redeemed in Part	 	 	39	 

-i-

 

	 	 	 	 	 	 	 
	 	 	 	 	Page	 
	 
	 	ARTICLE IV	 	 	 	 
	 
	 	 	 	 	 	 
	 
	 	COVENANTS	 	 	 	 
	 
	 	 	 	 	 	 
	SECTION 4.1.
	 	Payment of Securities	 	 	39	 
	SECTION 4.2.
	 	Limitation on Liens	 	 	40	 
	SECTION 4.3.
	 	Limitation on Incurrence of Additional Indebtedness	 	 	40	 
	SECTION 4.4.
	 	Limitation on Restricted Payments	 	 	41	 
	SECTION 4.5.
	 	Limitation on Dividend and Other Payment Restrictions Affecting Subsidiaries	 	 	43	 
	SECTION 4.6.
	 	Limitation on Asset Sales	 	 	45	 
	SECTION 4.7.
	 	Limitation on Transactions with Affiliates	 	 	47	 
	SECTION 4.8.
	 	Change of Control	 	 	49	 
	SECTION 4.9.
	 	Prohibition on Incurrence of Senior Subordinated Debt	 	 	50	 
	SECTION 4.10.
	 	Limitation on Preferred Stock of Subsidiaries	 	 	50	 
	SECTION 4.11.
	 	Limitation on Guarantees by Restricted Subsidiaries	 	 	50	 
	SECTION 4.12.
	 	Conduct of Business	 	 	51	 
	SECTION 4.13.
	 	Maintenance of Office or Agency	 	 	51	 
	SECTION 4.14.
	 	Corporate Existence	 	 	51	 
	SECTION 4.15.
	 	Payment of Taxes and Other Claims	 	 	51	 
	SECTION 4.16.
	 	Maintenance of Properties and Insurance	 	 	51	 
	SECTION 4.17.
	 	Compliance With Laws	 	 	52	 
	SECTION 4.18.
	 	Additional Information	 	 	52	 
	SECTION 4.19.
	 	Further Instruments and Acts	 	 	53	 
	SECTION 4.20.
	 	Effect of Credit Rating on Certain Covenants	 	 	53	 
	 
	 	 	 	 	 	 
	 
	 	ARTICLE V	 	 	 	 
	 
	 	 	 	 	 	 
	 
	 	SUCCESSOR COMPANY	 	 	 	 
	 
	 	 	 	 	 	 
	SECTION 5.1.
	 	When Company May Merge or Transfer Assets	 	 	53	 
	 
	 	 	 	 	 	 
	 
	 	ARTICLE VI	 	 	 	 
	 
	 	 	 	 	 	 
	 
	 	DEFAULTS AND REMEDIES	 	 	 	 
	 
	 	 	 	 	 	 
	SECTION 6.1.
	 	Events of Default	 	 	54	 
	SECTION 6.2.
	 	Acceleration	 	 	56	 
	SECTION 6.3.
	 	Other Remedies	 	 	57	 
	SECTION 6.4.
	 	Waiver of Past Defaults	 	 	57	 
	SECTION 6.5.
	 	Control by Majority	 	 	57	 
	SECTION 6.6.
	 	Limitation on Suits	 	 	58	 
	SECTION 6.7.
	 	Rights of Holders to Receive Payment	 	 	58	 
	SECTION 6.8.
	 	Collection Suit by Trustee	 	 	58	 
	SECTION 6.9.
	 	Trustee May File Proofs of Claim	 	 	58	 

-ii

 

	 	 	 	 	 	 	 
	 	 	 	 	Page	 
	SECTION 6.10.
	 	Priorities	 	 	59	 
	SECTION 6.11.
	 	Undertaking for Costs	 	 	59	 
	 
	 	 	 	 	 	 
	 
	 	ARTICLE VII	 	 	 	 
	 
	 	 	 	 	 	 
	 
	 	TRUSTEE	 	 	 	 
	 
	 	 	 	 	 	 
	SECTION 7.1.
	 	Duties of Trustee	 	 	59	 
	SECTION 7.2.
	 	Rights of Trustee	 	 	60	 
	SECTION 7.3.
	 	Individual Rights of Trustee	 	 	62	 
	SECTION 7.4.
	 	Trustee’s Disclaimer	 	 	62	 
	SECTION 7.5.
	 	Notice of Defaults	 	 	62	 
	SECTION 7.6.
	 	Reports by Trustee to Holders	 	 	62	 
	SECTION 7.7.
	 	Compensation and Indemnity	 	 	62	 
	SECTION 7.8.
	 	Replacement of Trustee	 	 	63	 
	SECTION 7.9.
	 	Successor Trustee by Merger	 	 	64	 
	SECTION 7.10.
	 	Eligibility; Disqualification	 	 	64	 
	SECTION 7.11.
	 	Preferential Collection of Claims Against Company	 	 	65	 
	 
	 	 	 	 	 	 
	 
	 	ARTICLE VIII	 	 	 	 
	 
	 	 	 	 	 	 
	 
	 	DISCHARGE OF INDENTURE; DEFEASANCE	 	 	 	 
	 
	 	 	 	 	 	 
	SECTION 8.1.
	 	Discharge of Liability on Securities	 	 	65	 
	SECTION 8.2.
	 	Legal Defeasance and Covenant Defeasance	 	 	66	 
	SECTION 8.3.
	 	Conditions to Defeasance	 	 	67	 
	SECTION 8.4.
	 	Application of Trust Money	 	 	69	 
	SECTION 8.5.
	 	Repayment to Company	 	 	69	 
	SECTION 8.6.
	 	Reinstatement	 	 	70	 
	 
	 	 	 	 	 	 
	 
	 	ARTICLE IX	 	 	 	 
	 
	 	 	 	 	 	 
	 
	 	AMENDMENTS	 	 	 	 
	 
	 	 	 	 	 	 
	SECTION 9.1.
	 	Without Consent of Holders	 	 	70	 
	SECTION 9.2.
	 	With Consent of Holders	 	 	71	 
	SECTION 9.3.
	 	Compliance With Trust Indenture Act	 	 	72	 
	SECTION 9.4.
	 	Revocation and Effect of Consents and Waivers	 	 	72	 
	SECTION 9.5.
	 	Notation or Exchange of Securities	 	 	73	 
	SECTION 9.6.
	 	Trustee to Sign Amendments	 	 	73	 

-iii

 

	 	 	 	 	 	 	 
	 	 	 	 	Page	 
	 
	 	ARTICLE X	 	 	 	 
	 
	 	 	 	 	 	 
	 
	 	SUBORDINATION	 	 	 	 
	 
	 	 	 	 	 	 
	SECTION 10.1.
	 	Agreement to Subordinate	 	 	74	 
	SECTION 10.2.
	 	Liquidation, Dissolution, Bankruptcy	 	 	74	 
	SECTION 10.3.
	 	Default on Senior Indebtedness	 	 	74	 
	SECTION 10.4.
	 	Acceleration of Payment of Securities	 	 	75	 
	SECTION 10.5.
	 	When Distribution Must Be Paid Over	 	 	75	 
	SECTION 10.6.
	 	Subrogation	 	 	76	 
	SECTION 10.7.
	 	Relative Rights	 	 	76	 
	SECTION 10.8.
	 	Subordination May Not Be Impaired by Company	 	 	76	 
	SECTION 10.9.
	 	Rights of Trustee and Paying Agent	 	 	76	 
	SECTION 10.10.
	 	Distribution or Notice to Representative	 	 	77	 
	SECTION 10.11.
	 	Article X Not To Prevent Events of Default or Limit Right to Accelerate	 	 	77	 
	SECTION 10.12.
	 	Trust Moneys Not Subordinated	 	 	77	 
	SECTION 10.13.
	 	Trustee Entitled to Rely	 	 	77	 
	SECTION 10.14.
	 	Trustee to Effectuate Subordination	 	 	77	 
	SECTION 10.15.
	 	Trustee Not Fiduciary for Holders of Senior Indebtedness	 	 	78	 
	SECTION 10.16.
	 	Reliance by Holders of Senior Indebtedness on Subordination Provisions	 	 	78	 
	 
	 	 	 	 	 	 
	 
	 	ARTICLE XI	 	 	 	 
	 
	 	 	 	 	 	 
	 
	 	MISCELLANEOUS	 	 	 	 
	 
	 	 	 	 	 	 
	SECTION 11.1.
	 	Trust Indenture Act Controls	 	 	78	 
	SECTION 11.2.
	 	Notices	 	 	78	 
	SECTION 11.3.
	 	Communication by Holders With Other Holders	 	 	79	 
	SECTION 11.4.
	 	Certificate and Opinion As To Conditions Precedent	 	 	79	 
	SECTION 11.5.
	 	Statements Required in Certificate or Opinion	 	 	79	 
	SECTION 11.6.
	 	When Securities Disregarded	 	 	80	 
	SECTION 11.7.
	 	Rules by Trustee, Paying Agent and Registrar	 	 	80	 
	SECTION 11.8.
	 	Legal Holidays	 	 	80	 
	SECTION 11.9.
	 	Governing Law	 	 	80	 
	SECTION 11.10.
	 	No Recourse Against Others	 	 	80	 
	SECTION 11.11.
	 	Successors	 	 	80	 
	SECTION 11.12.
	 	Multiple Originals	 	 	80	 
	SECTION 11.13.
	 	Variable Provisions	 	 	81	 
	SECTION 11.14.
	 	Qualification Of Indenture	 	 	81	 
	SECTION 11.15.
	 	Table of Contents; Headings	 	 	81	 

-iv

 

	 	 	 	 	 	 	 
	 	 	 	 	Page	 
	EXHIBITS
	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	EXHIBIT A
	 	FORM OF TRANSFER RESTRICTED SECURITY	 	 	 	 
	EXHIBIT B
	 	FORM OF REGISTERED SECURITY	 	 	 	 
	EXHIBIT C
	 	FORM OF CERTIFICATE FROM ACQUIRING INSTITUTIONAL ACCREDITED INVESTORS	 	 	 	 

-v

 

          INDENTURE dated as of July 15, 2005, between FISHER SCIENTIFIC INTERNATIONAL INC., a
Delaware corporation (as further defined below, the “Company”), and THE BANK OF NEW YORK
TRUST COMPANY, N.A., a national banking association, as trustee (the “Trustee”).

          The Company has duly authorized the execution and delivery of this Indenture to provide for
the issuance of $500,000,000 aggregate principal amount of the Company’s 6 1/8% Senior Subordinated
Notes due 2015 (the “Initial Notes”) and, if and when issued in exchange for Initial Notes
as provided in the Registration Rights Agreement (as hereinafter
defined), the Company’s
61/8%
Senior Subordinated Notes due 2015 (the “Exchange Notes” and, together with the Initial
Notes, the “Original Securities”) and, if and when issued, such Additional Securities (as
defined below) that the Company may from time to time choose to issue under this Indenture. The
Initial Notes are being offered and sold by the Company pursuant to a Purchase Agreement, dated
June 27, 2005, among the Company, Banc of America Securities LLC and Deutsche Bank Securities Inc.
(the “Purchase Agreement”). References herein to the “Securities” shall include
the Original Securities and the Additional Securities. All things necessary to make this Indenture
a valid and legally binding agreement of the Company, in accordance with its terms, have been done,
and the Company has done all things necessary to make the Securities, when executed by the Company,
and authenticated and delivered by the Trustee hereunder and duly issued by the Company, valid and
legally binding obligations of the Company. Each party agrees as follows for the benefit of the
other parties and for the equal and ratable benefit of the Holders of the Securities.

ARTICLE I

DEFINITIONS AND INCORPORATION BY REFERENCE

          SECTION 1.1. Definitions.

          “Acquired Indebtedness” means Indebtedness (i) of a Person or any of its Subsidiaries
existing at the time such Person becomes a Restricted Subsidiary of the Company, or (ii) assumed in
connection with the acquisition of assets from such Person, in each case whether or not incurred by
such Person in connection with such Person becoming a Restricted Subsidiary of the Company or such
acquisition. Acquired Indebtedness shall be deemed to have been incurred, with respect to clause
(i) of the preceding sentence, on the date such Person becomes a Restricted Subsidiary of the
Company and, with respect to clause (ii) of the preceding sentence, on the date of consummation of
such acquisition of assets.

          “Additional Securities” means, subject to the Company’s compliance with Sections 2.13
and 4.3, 6 1/8% Senior Subordinated Notes due 2015 that the Company may issue under this Indenture
(substantially in the form of Exhibit A, in the case of any such Additional Securities
issued as Transfer Restricted Securities, or substantially in the form of Exhibit B, in the
case of Additional Securities issued pursuant to an effective registration statement under the
Securities Act) from time to time after the Issue Date under the terms of this Indenture (other

 

 

than issuances pursuant to Section 2.6, 2.7, 2.9, 3.6 or 9.5 of this Indenture and any
Exchange Securities issued in respect thereof).

          “Affiliate” means a Person who directly or indirectly through one or more
intermediaries controls, or is controlled by, or is under common control with, the Company. The
term “control” means the possession, directly or indirectly, of the power to direct or
cause the direction of the management and policies of a Person, whether through the ownership of
voting securities, by contract or otherwise. Notwithstanding the foregoing, no Person (other than
the Company or any Subsidiary of the Company) in whom a Receivables Entity makes an Investment in
connection with a Qualified Receivables Transaction shall be deemed to be an Affiliate of the
Company or any of its Subsidiaries solely by reason of such Investment.

          “all or substantially all” shall have the meaning given such phrase in the Revised
Model Business Corporation Act.

          “Apogent” means Apogent Technologies Inc. and its Subsidiaries.

          “Apogent Merger” means the merger of Fox Merger Corporation, a direct, wholly-owned
subsidiary of the Company formed for the purposes of the merger, with and into Apogent Technologies
Inc., pursuant to an Agreement and Plan of Merger, dated as of March 17, 2004, as amended on April
16, 2004.

          “Apogent Transactions” means (a) the Apogent Merger, (b) the financing for the Apogent
Merger including the issuance by the Company of its 6 3/4% Senior Subordinated Notes due 2014, the
entry by the Company into the indenture therefor and borrowings under the Credit Facility, (c) any
tender offer or exchange offer for Indebtedness of Apogent in connection with the Apogent Merger
and (d) all other transactions relating to any of the foregoing (including payment of fees and
expenses related to any of the foregoing).

          “Asset Acquisition” means (a) an Investment by the Company or any Restricted
Subsidiary of the Company in any other Person pursuant to which such Person shall become a
Restricted Subsidiary of the Company or any Restricted Subsidiary of the Company, or shall be
merged with or into the Company or any Restricted Subsidiary of the Company, or (b) the acquisition
by the Company or any Restricted Subsidiary of the Company of the assets of any Person which
constitute all or substantially all of the assets of such Person, any division or line of business
of such Person or any other properties or assets of such Person other than in the ordinary course
of business.

          “Asset Sale” means any direct or indirect sale, issuance, conveyance, transfer, lease
(other than operating leases entered into in the ordinary course of business), assignment or other
transfer for value by the Company or any of its Restricted Subsidiaries (including any Sale and
Leaseback Transaction) to any Person other than the Company or a Restricted Subsidiary of the
Company of (a) any Capital Stock of any Restricted Subsidiary of the Company; or (b) any other
property or assets of the Company or any Restricted Subsidiary of the Company other than

-2-

 

in the ordinary course of business; provided, however, that Asset Sales shall not include (i)
any transaction or series of related transactions for which the Company or its Restricted
Subsidiaries receive aggregate consideration of less than $5,000,000, (ii) the sale, lease,
conveyance, disposition or other transfer of all or substantially all of the assets of the Company
as permitted under Article V, (iii) the sale or discount, in each case without recourse, of
accounts receivable arising in the ordinary course of business, but only in connection with the
compromise or collection thereof, (iv) the factoring of accounts receivable arising in the ordinary
course of business pursuant to arrangements customary in the industry, (v) the licensing of
intellectual property, (vi) disposals or replacements of obsolete equipment in the ordinary course
of business, (vii) the sale, lease, conveyance, disposition or other transfer by the Company or any
Restricted Subsidiary of assets or property in transactions constituting Investments that are not
prohibited under Section 4.4, (viii) sales of accounts receivable and related assets of the type
specified in the definition of “Qualified Receivables Transaction” to a Receivables Entity,
(ix) transfers of accounts receivable and related assets of the type specified in the definition of
“Qualified Receivables Transaction” (or a fractional undivided interest therein) by a Receivables
Entity in a Qualified Receivables Transaction and (x) leases or subleases to third persons not
interfering in any material respect with the business of the Company or any of its Restricted
Subsidiaries. For the purposes of clause (viii), Purchase Money Notes shall be deemed to be cash.

          “Bank Indebtedness” means any and all amounts, whether outstanding on the Issue Date
or thereafter incurred, payable under or in respect of the Credit Facility and any related notes,
collateral documents, letters of credit and guarantees, including principal, premium (if any),
interest (including interest accruing on or after the filing of any petition in bankruptcy or for
reorganization relating to the Company or any Restricted Subsidiary of the Company whether or not a
claim for post-filing interest is allowed in such proceedings), fees, charges, expenses,
indemnities, reimbursement obligations, guarantees and all other amounts payable thereunder or in
respect thereof.

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

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

          “Capital Stock” means (i) with respect to any Person that is a corporation, any and
all shares, interests, participations or other equivalents (however designated) of corporate stock,
including each class of common stock and preferred stock of such Person and (ii) with respect to
any Person that is not a corporation, any and all partnership or other equity interests of such
Person.

          “Capitalized Lease Obligation” means, as to any Person, the obligations of such Person
under a lease that are required to be classified and accounted for as capital lease obligations
under GAAP and, for purposes of this definition, the amount of such obligations at any date shall
be the capitalized amount of such obligations at such date, determined in accordance with GAAP.

-3-

 

          “Cash Equivalents” means (i) marketable direct obligations issued by, or
unconditionally guaranteed by, the United States Government or issued by any agency thereof and
backed by the full faith and credit of the United States, in each case maturing within one year
from the date of acquisition thereof; (ii) marketable direct obligations issued by any state of the
United States of America or any political subdivision of any such state or any public
instrumentality thereof maturing within one year from the date of acquisition thereof and, at the
time of acquisition, having one of the two highest ratings obtainable from either S&P or Moody’s;
(iii) commercial paper maturing no more than one year from the date of creation thereof and, at the
time of acquisition, having a rating of at least A-1 from S&P or at least P-1 from Moody’s; (iv)
certificates of deposit or bankers’ acceptances (or, with respect to foreign banks, similar
instruments) maturing within one year from the date of acquisition thereof issued by any bank
organized under the laws of the United States of America or any state thereof or the District of
Columbia or any U.S. branch of a foreign bank having at the date of acquisition thereof combined
capital and surplus of not less than $200,000,000; (v) certificates of deposit or bankers’
acceptances or similar instruments maturing within one year from the date of acquisition thereof
issued by any foreign bank that is a lender under the Credit Facility having at the date of
acquisition thereof combined capital and surplus of not less than $500,000,000; (vi) repurchase
obligations with a term of not more than seven days for underlying securities of the types
described in clause (i) above entered into with any bank meeting the qualifications specified in
clause (iv) or clause (v) above; and (vii) investments in money market funds, including, without
limitation, the money market mutual funds or any other mutual fund comprised of allowable
investments for which the Trustee or an affiliate of the Trustee serves as investment manager,
administrator, shareholder servicing agent, and/or custodian or subcustodian, notwithstanding that
(x) the Trustee or an affiliate of the Trustee receives fees from such funds for services rendered,
(y) the Trustee charges and collects fees for services rendered pursuant to this Indenture, which
fees are separate from the fees received from such funds, and (z) services performed for such
funds and pursuant to this Indenture may at times duplicate those provided to such funds by the
Trustee or its affiliates, which invest substantially all their assets in securities of the types
described in clauses (i) through (vi) above.

          “Change of Control” means the occurrence of one or more of the following events: (i)
any sale, lease, exchange or other transfer (in one transaction or a series of related
transactions) of all or substantially all of the assets of the Company to any Person or group of
related Persons (other than one or more Permitted Holders) for purposes of Section 13(d) of the
Exchange Act (a “Group”), together with any Affiliates thereof (whether or not otherwise in
compliance with the provisions of this Indenture); (ii) the approval by the holders of Capital
Stock of the Company of any plan or proposal for the liquidation or dissolution of the Company
(whether or not otherwise in compliance with the provisions of this Indenture); (iii) any Person or
Group (other than one or more Permitted Holders) shall become the owner, directly or indirectly,
beneficially or of record, of shares representing 50% or more of the aggregate ordinary voting
power represented by the issued and outstanding Capital Stock of the Company or (iv) the first day
on which a majority of the members of the Board of Directors of the Company are not Continuing
Directors.

-4-

 

          “Change of Control Triggering Event” means the occurrence of a Change of Control and
the failure of the Securities to have a Minimum Rating from each of S&P and Moody’s on the 30th day
after the occurrence of such Change of Control.

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

          “Company” means Fisher Scientific International Inc., a Delaware corporation, until a
successor replaces it and, thereafter, means the successor and, for purposes of any provision
contained herein and required by the TIA, each other obligor on the indenture securities.

          “Consolidated EBITDA” means, with respect to any Person, for any period, the sum
(without duplication) of (i) Consolidated Net Income and (ii) to the extent Consolidated Net Income
has been reduced thereby, (A) all income taxes of such Person and its Restricted Subsidiaries paid
or accrued in accordance with GAAP for such period, (B) Consolidated Interest Expense, (C)
Consolidated Non-cash Charges and (D) cash restructuring or nonrecurring charges, not to exceed
$10,000,000 in the aggregate for all periods after the Issue Date.

          “Consolidated Fixed Charge Coverage Ratio” means, with respect to any Person, the
ratio of Consolidated EBITDA of such Person during the four full fiscal quarters (the “Four
Quarter Period”) ending on or prior to the date of the transaction giving rise to the need to
calculate the Consolidated Fixed Charge Coverage Ratio (the “Transaction Date”) to
Consolidated Fixed Charges of such Person for the Four Quarter Period. In addition to and without
limitation of the foregoing, for purposes of this definition, “Consolidated EBITDA” and
“Consolidated Fixed Charges” shall be calculated after giving effect on a pro forma basis for the
period of such calculation to (i) the incurrence of any Indebtedness of such Person or any of its
Restricted Subsidiaries (and the application of the proceeds thereof) giving rise to the need to
make such calculation and any incurrence or repayment of other Indebtedness (and the application of
the proceeds thereof) occurring during the Four Quarter Period or at any time subsequent to the
last day of the Four Quarter Period and on or prior to the Transaction Date, as if such incurrence
or repayment, as the case may be (and the application of the proceeds thereof), occurred on the
first day of the Four Quarter Period, (ii) any Asset Sales or Asset Acquisitions (including,
without limitation, any Asset Acquisition giving rise to the need to make such calculation as a
result of such Person or one of its Restricted Subsidiaries (including any Person who becomes a
Restricted Subsidiary as a result of the Asset Acquisition) incurring, assuming or otherwise being
liable for Acquired Indebtedness and also including any Consolidated EBITDA (including pro forma
adjustments for cost savings (“Cost Savings Adjustments”) that the Company reasonably
believes in good faith could have been achieved during the Four Quarter Period as a result of such
acquisition or disposition (provided that both (A) such cost savings were identified and quantified
in an Officers’ Certificate delivered to the Trustee at the time of the consummation of the
acquisition or disposition and (B) with respect to each acquisition or disposition completed prior
to the 90th day preceding such date of determination, actions were commenced or initiated by the
Company within 90 days of such acquisition or disposition to

-5-

 

effect such cost savings identified in such Officers’ Certificate and with respect to any
other acquisition or disposition, such Officers’ Certificate sets forth the specific steps to be
taken within the 90 days after such acquisition or disposition to accomplish such cost savings)
attributable to the assets which are the subject of the Asset Acquisition or Asset Sale during the
Four Quarter Period) occurring during the Four Quarter Period or at any time subsequent to the last
day of the Four Quarter Period and on or prior to the Transaction Date, as if such Asset Sale or
Asset Acquisition (including the incurrence, assumption or liability for any such Indebtedness or
Acquired Indebtedness) occurred on the first day of the Four Quarter Period and (iii) any Asset
Sales or Asset Acquisitions (including any Consolidated EBITDA (including any Cost Savings
Adjustments) attributable to the assets which are the subject of the asset acquisition or asset
sale during the Four Quarter Period) that have been made by any Person that has become a Restricted
Subsidiary of the Company or has been merged with or into the Company or any Restricted Subsidiary
of the Company during the Four Quarter Period or at any time subsequent to the last day of the Four
Quarter Period and on or prior to the Transaction Date that would have constituted Asset Sales or
Asset Acquisitions had such transactions occurred when such Person was a Restricted Subsidiary of
the Company or subsequent to such Person’s merger into the Company, as if such Asset Sale or Asset
Acquisition (including the incurrence, assumption or liability for any Indebtedness or Acquired
Indebtedness in connection therewith) occurred on the first day of the Four Quarter Period;
provided that to the extent that clause (ii) or (iii) of this sentence requires that pro forma
effect be given to an Asset Sale or Asset Acquisition, such pro forma calculation shall be based
upon the four full fiscal quarters immediately preceding the Transaction Date of the Person, or
division or line of business of the Person, that is acquired or disposed for which financial
information is available. If such Person or any of its Restricted Subsidiaries directly or
indirectly guarantees Indebtedness of a third Person, the preceding sentence shall give effect to
the incurrence of such guaranteed Indebtedness as if such Person or any Restricted Subsidiary of
such Person had directly incurred or otherwise assumed such guaranteed Indebtedness. Furthermore,
in calculating “Consolidated Fixed Charges” for purposes of determining the denominator (but not
the numerator) of this “Consolidated Fixed Charge Coverage Ratio,” (1) interest on outstanding
Indebtedness determined on a fluctuating basis as of the Transaction Date and which will continue
to be so determined thereafter shall be deemed to have accrued at a fixed rate per annum equal to
the rate of interest on such Indebtedness in effect on the Transaction Date; (2) if interest on any
Indebtedness actually incurred on the Transaction Date 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 rates, then the interest rate in effect on the Transaction Date will be deemed to have been
in effect during the Four Quarter Period; and (3) notwithstanding clause (1) above, interest on
Indebtedness determined on a fluctuating basis, to the extent such interest is covered by
agreements relating to Interest Swap Obligations, shall be deemed to accrue at the rate per annum
resulting after giving effect to the operation of such agreements.

          “Consolidated Fixed Charges” means, with respect to any Person for any period, the
sum, without duplication, of (i) Consolidated Interest Expense (excluding amortization or write-off
of debt issuance and currency hedging costs relating to the Apogent Merger and the

-6-

 

financing therefor or relating to retired or existing Indebtedness and amortization or
write-off of customary debt issuance costs relating to future Indebtedness incurred in compliance
with this Indenture) plus (ii) the product of (x) the amount of all dividend payments on any series
of Preferred Stock of such Person (other than dividends, paid in Qualified Capital Stock) times (y)
a fraction, the numerator of which is one and the denominator of which is one minus the then
current effective consolidated Federal, state and local tax rate of such Person expressed as a
decimal.

          “Consolidated Interest Expense” means, with respect to any Person for any period, the
sum of, without duplication, (i) the aggregate of all cash and non-cash interest expense with
respect to all outstanding Indebtedness of such Person and its Restricted Subsidiaries, including
the net costs associated with Interest Swap Obligations, for such period determined on a
consolidated basis in conformity with GAAP, and (ii) the interest component of Capitalized Lease
Obligations paid, accrued and/or scheduled to be paid or accrued by such Person and its Restricted
Subsidiaries during such period as determined on a consolidated basis in accordance with GAAP.

          “Consolidated Net Income” of the Company means, for any period, the aggregate net
income (or loss) of the Company and its Restricted Subsidiaries for such period on a consolidated
basis, determined in accordance with GAAP; provided that there shall be excluded therefrom (a)
gains and losses from Asset Sales (without regard to the $5,000,000 limitation set forth in the
definition thereof) or abandonments or reserves relating thereto and the related tax effects
according to GAAP, (b) gains and losses due solely to fluctuations in currency values and the
related tax effects according to GAAP, (c) items classified as extraordinary, unusual or
nonrecurring gains and losses (including without limitation (v) any charge or expense incurred for
employee bonuses in connection with the Apogent Transactions, (w) any fees, expenses and charges
associated with the Apogent Transactions, (x) any adjustment in the book value of any inventory
acquired in connection with the Apogent Merger, (y) any charge or expense associated with the entry
into and the initial borrowings under the Replaced Credit Facility and the amended and restated
receivables purchase agreement dated as of February 14, 2003 and the first amendment thereto, dated
as of February 4, 2005, and the cancellation of the Replaced Credit Facility, and (z) any charge or
expense associated with the entry into and the initial borrowings under the Credit Facility and the
related tax effects according to GAAP, (d) the net income (or loss) of any Person acquired in a
pooling of interests transaction accrued prior to the date it becomes a Restricted Subsidiary of
the Company or is merged or consolidated with the Company or any Restricted Subsidiary of the
Company, (e) the net income of any Restricted Subsidiary of the Company that is not a Subsidiary
Guarantor to the extent that the declaration of dividends or similar distributions by that
Restricted Subsidiary of the Company of that income is restricted by contract, operation of law or
otherwise (other than (x) restrictions that have been waived or otherwise released, (y)
restrictions pursuant to the Securities or this Indenture and (z) restrictions in effect on the
Issue Date with respect to a Restricted Subsidiary of the Company), except that (A) the Company’s
equity in the net income of any such Restricted Subsidiary for such period shall be included in
Consolidated Net Income up to the aggregate amount of any dividend or

-7-

 

distribution that was or that could have been made by such Restricted Subsidiary during such
period to the Company or another Restricted Subsidiary of the Company (subject, in the case of a
dividend that could have been made to another Restricted Subsidiary of the Company, to the
limitation contained in this clause) and (B) the net loss of such Restricted Subsidiary shall be
included to the extent of the proportionate ownership of the Company or any of its other Restricted
Subsidiaries in such Restricted Subsidiary, (f) the net loss of any Person other than a Restricted
Subsidiary of the Company, (g) the net income of any Person, other than a Restricted Subsidiary of
the Company, except to the extent of cash dividends or distributions paid to the Company or a
Restricted Subsidiary of the Company by such Person unless, in the case of a Restricted Subsidiary
of the Company who receives such dividends or distributions, such Restricted Subsidiary is subject
to clause (e) above, (h) any one-time non-cash compensation charges, and any non-cash compensation
charge arising from any grant of stock, stock options or other equity-based awards, (i) all
deferred financing costs written off and premiums paid in connection with any early extinguishment
of Indebtedness and (j) any unrealized gains or losses in respect of Currency Agreements.

          “Consolidated Non-cash Charges” means, with respect to any Person for any period, the
aggregate depreciation, amortization and other non-cash expenses of such Person and its Restricted
Subsidiaries reducing Consolidated Net Income of such Person and its Restricted Subsidiaries of the
Company for such period, determined on a consolidated basis in accordance with GAAP (excluding any
such charges which require an accrual of or a reserve for cash charges for any future period).

          “Consolidated Total Assets” means, as of any date of determination, the total assets
shown on the consolidated balance sheet of the Company and its Restricted Subsidiaries as of the
most recent date for which such a balance sheet is available, determined on a consolidated basis in
accordance with GAAP (and, in the case of any determination relating to any incurrence of
Indebtedness or any Investment, on a pro forma basis including any property or assets being
acquired in connection therewith).

          “Continuing Directors” means, as of any date of determination, any member of the Board
of Directors of the Company who (i) was a member of such Board of Directors on the Issue Date, (ii)
was nominated for election or elected to such Board of Directors with, or whose election to such
Board of Directors was approved by, the affirmative vote of a majority of the Continuing Directors
who were members of such Board of Directors at the time of such nomination or election or (iii) is
any designee of a Permitted Holder or was nominated by a Permitted Holder or any designees of a
Permitted Holder on the Board of Directors.

          “Corporate Trust Office” means the principal office of the Trustee at which at any
time its corporate trust business shall be administered, which office at the date hereof is located
at 470 Atlantic Avenue, Boston, Massachusetts 02210, Attention: Corporate Trust Administration, or
such other address as the Trustee may designate from time to time by notice to the Holders and the
Company, or the principal corporate trust office of any successor Trustee

-8-

 

(or such other address as such successor Trustee may designate from time to time by notice to
the Holders and the Company).

          “Credit Facility” means the credit agreement dated as of August 2, 2004, as amended by
the first amendment thereto, dated as of December 29, 2004 among the Company, the other borrowers
party thereto from time to time, if any, the lenders party thereto from time to time and Bank of
America, N.A., as administrative agent, together with the related documents thereto (including,
without limitation, any guarantee agreements, promissory notes and collateral documents), in each
case as such agreements may be amended, supplemented or otherwise modified from time to time, or
refunded, refinanced, restructured, replaced, renewed, repaid or extended from time to time
(whether with the original agents and lenders or other agents and lenders or otherwise, and whether
provided under the original Credit Facility or one or more other credit agreements or otherwise)
including, without limitation, to increase the amount of available borrowings thereunder or to add
Restricted Subsidiaries as additional borrowers or guarantors or otherwise.

          “Currency Agreement” means any foreign exchange contract, currency swap agreement or
other similar agreement or arrangement designed to protect the Company or any Restricted Subsidiary
of the Company against fluctuations in currency values.

          “Default” means an event or condition the occurrence of which is, or with the lapse of
time or the giving of notice or both would be, an Event of Default.

          “Designated Noncash Consideration” means any noncash consideration received by the
Company or one of its Restricted Subsidiaries in connection with an Asset Sale that is so
designated as Designated Noncash Consideration pursuant to an Officer’s Certificate, setting forth
the basis of the determination by the Board of Directors of the Company of the fair market value of
such noncash consideration.

          “Depositary” means The Depository Trust Company, its nominees and their respective
successors and assigns, or such other depository institution hereinafter appointed by the Company.

          “Designated Senior Indebtedness” means (i) Bank Indebtedness and (ii) any other Senior
Indebtedness which, at the date of determination, has an aggregate principal amount outstanding of,
or under which, at the date of determination, the holders thereof, are committed to lend up to, at
least $25,000,000 and is specifically designated by the Company in the instrument evidencing or
governing such Senior Indebtedness or another writing as “Designated Senior Indebtedness” for
purposes of this Indenture.

          “Disqualified Capital Stock” means that portion of any Capital Stock which, by its
terms (or by the terms of any security into which it is convertible or for which it is
exchangeable), or upon the happening of any event (other than an event which would constitute a
Change of Control Triggering Event), matures (excluding any maturity as the result of an

-9-

 

optional redemption by the issuer thereof) or is mandatorily redeemable, pursuant to a sinking
fund obligation or otherwise, or is redeemable at the sole option of the holder thereof (except, in
each case, upon the occurrence of a Change of Control Triggering Event) on or prior to the final
maturity date of the Securities.

          “Equity Offering” means a sale of Qualified Capital Stock of the Company.

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

          “Existing Senior Notes” means any of (i) the Company’s existing 2.50% Convertible
Senior Notes due October 1, 2023 issued under the indenture dated as of July 7, 2003 (as such
indenture was supplemented by a supplemental indenture, dated May 9, 2005) and any notes issued in
exchange therefor under such indenture and (ii) Apogent’s existing Floating Rate Convertible Senior
Debentures due 2033 issued under the indenture dated as of August 3, 2004.

          “Existing Senior Subordinated Notes” means any of (i) the Company’s existing 8 1/8%
Senior Subordinated Notes due 2012 issued under the indenture April 24, 2002, as supplemented by
the first supplemental indenture dated as of March 7, 2003 and second supplemental indenture dated
as of April 29, 2005 (ii) the Company’s existing 8% Senior Subordinated Notes due 2013 issued under
an indenture dated as of August 20, 2003, as supplemented by the supplemental indenture dated as of
July 15, 2005 (iii) the Company’s existing 3.25% Convertible Senior Subordinated Notes due 2024
issued under an indenture dated as of January 20, 2004 as supplemented by the supplemental
indenture dated as of March 3, 2004, and (iv) the Company’s existing 6 3/4% Senior Subordinated Notes
due 2014 issued under the indenture dated as of August 3, 2004.

          “fair market value” means, unless otherwise specified, with respect to any asset or
property, the price which could be negotiated in an arm’s-length, free market transaction, for
cash, between a willing seller and a willing and able buyer, neither of whom is under undue
pressure or compulsion to complete the transaction. Fair market value shall be determined by the
Board of Directors of the Company acting reasonably and in good faith and shall be evidenced by a
resolution of the Board of Directors of the Company delivered to the Trustee.

          “Foreign Subsidiary” means a Restricted Subsidiary of the Company (i) that is
organized in a jurisdiction other than the United States of America or a state thereof or the
District of Columbia and (ii) with respect to which at least 90% of its sales (as determined in
accordance with GAAP) are generated by operations located in jurisdictions outside the United
States of America.

          “GAAP” means generally accepted accounting principles in the United States of America
as in effect on the Issue Date, including, without limitation, those 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

-10-

 

Standards Board or in such other statements by such other entity as approved by a significant
segment of the accounting profession.

          “guarantee” means any obligation, contingent or otherwise, of any Person directly or
indirectly guaranteeing any Indebtedness of any other Person and any obligation, direct or
indirect, contingent or otherwise, of such Person (i) to purchase or pay (or advance or supply
funds for the purchase or payment of) such Indebtedness of such other Person (whether arising by
virtue of partnership arrangements, or by agreement to keep-well, to purchase assets, goods,
securities or services, to take-or-pay, or to maintain financial statement conditions or otherwise)
or (ii) entered into for purposes of assuring in any other manner the obligee of such Indebtedness
of the payment thereof or to protect such obligee against loss in respect thereof (in whole or in
part); provided, however, that the term “guarantee” shall not include endorsements for collection
or deposit in the ordinary course of business.

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

          “Indebtedness” means with respect to any Person, without duplication, (i) all
obligations of such Person for borrowed money, (ii) all obligations of such Person evidenced by
bonds, debentures, notes or other similar instruments, (iii) all Capitalized Lease Obligations of
such Person, (iv) all obligations of such Person issued or assumed as the deferred purchase price
of property, all conditional sale obligations and all obligations under any title retention
agreement (but excluding trade accounts payable arising in the ordinary course of business), (v)
all obligations for the reimbursement of any obligor on any letter of credit, banker’s acceptance
or similar credit transaction, (vi) guarantees and other contingent obligations in respect of
Indebtedness referred to in clauses (i) through (v) above and clause (viii) below, (vii) all
obligations of any other Person of the type referred to in clauses (i) through (vi) which are
secured by any Lien on any property or asset of such Person but which obligations are not assumed
by such Person, the amount of such obligation being deemed to be the lesser of the fair market
value of such property or asset or the amount of the obligation so secured, (viii) all obligations
under currency swap agreements and interest swap agreements of such Person and (ix) all
Disqualified Capital Stock issued by such Person with the amount of Indebtedness represented by
such Disqualified Capital Stock being equal to the greater of its voluntary or involuntary
liquidation preference and its maximum fixed repurchase price, but excluding accrued dividends, if
any. For purposes hereof, (x) the “maximum fixed repurchase price” of any Disqualified
Capital Stock which does not have a fixed repurchase price shall be calculated in accordance with
the terms of such Disqualified Capital Stock as if such Disqualified Capital Stock were purchased
on any date on which Indebtedness shall be required to be determined pursuant to this Indenture,
and if such price is based upon, or measured by, the fair market value of such Disqualified Capital
Stock, such fair market value shall be determined reasonably and in good faith by the Board of
Directors of the issuer of such Disqualified Capital Stock and (y) any transfer of accounts
receivable or other assets which constitute a sale for purposes of GAAP shall not constitute
Indebtedness hereunder.

-11-

 

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

          “Interest Swap Obligations” means the obligations of any Person, pursuant to any
arrangement with any other Person, whereby, directly or indirectly, such Person is entitled to
receive from time to time periodic payments calculated by applying either a floating or a fixed
rate of interest on a stated notional amount in exchange for periodic payments made by such other
Person calculated by applying a fixed or a floating rate of interest on the same notional amount.

          “Investment” by any Person in any other Person means, with respect to any Person, any
direct or indirect loan or other extension of credit (including, without limitation, a guarantee)
or capital contribution to (by means of any transfer of cash or other property to others or any
payment for property or services for the account or use of others), or any purchase or acquisition
by such Person of any Capital Stock, bonds, notes, debentures or other securities or evidences of
Indebtedness issued by, such other Person. “Investment” shall exclude extensions of trade credit
by the Company and its Restricted Subsidiaries on commercially reasonable terms in accordance with
normal trade practices of the Company or such Restricted Subsidiary, as the case may be, and any
guarantees. For the purposes of Section 4.4, (i) the Company shall be deemed to have made an
“Investment” equal to the fair market value of the net assets of any Restricted Subsidiary at the
time that such Restricted Subsidiary is designated an Unrestricted Subsidiary and the aggregate
amount of Investments made since the Issue Date shall exclude (to the extent the designation as an
Unrestricted Subsidiary was included as a Restricted Payment) the fair market value of the net
assets of any Unrestricted Subsidiary at the time that such Unrestricted Subsidiary is designated a
Restricted Subsidiary not to exceed the amount of the Investment deemed made at the date of
designation thereof as an Unrestricted Subsidiary, and (ii) the amount of any Investment shall be
the original cost of such Investment plus the cost of all additional Investments by the Company or
any of its Restricted Subsidiaries, without any adjustments for increases or decreases in value, or
write-ups, writedowns or write-offs with respect to such Investment, reduced by the payment of
dividends or distributions (including tax sharing payments) in connection with such Investment or
any other amounts received in respect of such Investment; provided that no such payment of
dividends or distributions or receipt of any such other amounts shall reduce the amount of any
Investment if such payment of dividends or distributions or receipt of any such amounts would be
included in Consolidated Net Income.

          “Issue Date” means July 15, 2005.

          “Joint Venture” means a corporation, partnership or other business entity, other than
a Subsidiary of the Company, engaged or proposed to be engaged in the same or a similar line of
business as the Company in which the Company owns, directly or indirectly, not less than 20% and
not more than 50% of the total voting power of shares of Capital Stock or other interests
(including partnership interests) entitled (without regard to the occurrence of any contingency) to
vote in the election of directors, managers and trustees thereof, with the balance of the ownership
interests being held by one or more investors.

-12-

 

          “Lien” means any lien, mortgage, deed of trust, pledge, security interest, charge or
encumbrance of any kind (including any conditional sale or other title retention agreement, any
lease in the nature thereof and any agreement to give any security interest).

          “Management Stockholders” means Paul M. Montrone, Paul M. Meister and individuals who
are officers, directors, employees and other members of the management of the Company as of the
Issue Date, or immediate family members or relatives thereof, or trusts or partnerships for the
benefit of, or companies or other entities owned by, any of the foregoing, or any of their heirs,
executors, successors or legal representatives, who at any particular date shall beneficially own
or have the right to acquire directly or indirectly, common stock of the Company.

          “Minimum Rating” means (i) in respect of S&P, a rating of at least BBB- (or equivalent
successor rating) and (ii) in the case of Moody’s, a rating of at least Baa3 (or equivalent
successor rating).

          “Moody’s” means Moody’s Investors Service, Inc. and its successors.

          “Net Cash Proceeds” means, with respect to any Asset Sale, the proceeds in the form of
cash or Cash Equivalents including payments in respect of deferred payment obligations when
received in the form of cash or Cash Equivalents (other than the portion of any such deferred
payment constituting interest) received by the Company or any of its Restricted Subsidiaries from
such Asset Sale net of (a) out-of-pocket expenses and fees relating to such Asset Sale (including,
without limitation, legal, accounting and investment banking fees and sales commissions), (b) taxes
paid or payable after taking into account any reduction in consolidated tax liability due to
available tax credits or deductions and any tax sharing arrangements, (c) repayment of Senior
Indebtedness that is required to be repaid in connection with such Asset Sale, (d) any portion of
cash proceeds which the Company determines in good faith should be reserved for post-closing
adjustments, it being understood and agreed that on the day that all such post-closing adjustments
have been determined, the amount (if any) by which the reserved amount in respect of such Asset
Sale exceeds the actual post-closing adjustments payable by the Company or any of its Subsidiaries
shall constitute Net Cash Proceeds on such date; provided that, in the case of the sale by the
Company of an asset constituting an Investment made after the Issue Date (other than a Permitted
Investment), the “Net Cash Proceeds” in respect of such Asset Sale shall not include the lesser of
(x) the cash received with respect to such Asset Sale and (y) the initial amount of such
Investment, less, in the case of clause (y), all amounts (up to an amount not to exceed the initial
amount of such Investment) received by the Company with respect to such Investment, whether by
dividend, sale, liquidation or repayment, in each case prior to the date of such Asset Sale.

          “Obligations” means all obligations for principal, premium, interest, penalties, fees,
indemnifications, reimbursements, damages and other liabilities payable under the documentation
governing any Indebtedness, without duplication.

-13-

 

          “Offering Memorandum” means the Offering Memorandum dated June 27, 2005 relating to
the Initial Notes; provided that after the issuance of Exchange Notes, all references herein to
“Offering Memorandum” shall be deemed references to the prospectus relating to the Exchange Notes.

          “Officer” means the Chairman of the Board, the Vice Chairman of the Board, the
President, any Vice President, the Treasurer or the Secretary of the Company, as applicable.

          “Officers’ Certificate” means a certificate signed by two Officers; provided, however,
that in any Officers’ Certificate provided pursuant to Section 314(a)(4) of the TIA at least one of
such signing Officers shall be the principal executive officer, principal financial officer or
principal accounting officer of the Company.

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

          “Permitted Holder” means and includes (i) the Management Stockholders, (ii) any
corporation the outstanding voting power of the Capital Stock of which is beneficially owned,
directly or indirectly, by the stockholders of the Company in substantially the same proportions as
their ownership of the voting power of the Capital Stock of the Company, (iii) any Plan, (iv) any
underwriter during the period engaged in a firm commitment underwriting on behalf of the Company
with respect to the shares of Capital Stock being underwritten or (v) the Company or any Subsidiary
of the Company.

          “Permitted Indebtedness” means, without duplication, (i) the Original Securities, (ii)
the Existing Senior Notes and Existing Senior Subordinated Notes, (iii) Indebtedness incurred
pursuant to the Credit Facility in an aggregate principal amount at any time outstanding not to
exceed in the aggregate the amount equal to (A) $1,500,000,000, plus (B) in the case of any
refinancing of the Credit Facility or any portion thereof, the aggregate fees, underwriting
discounts, premiums and other costs and expenses incurred in connection with such refinancing, (iv)
Indebtedness of Foreign Subsidiaries incurred solely for working capital purposes of such Foreign
Subsidiaries, (v) Indebtedness of the Company and its Restricted Subsidiaries outstanding on the
Issue Date (other than indebtedness described in clause (i), (ii) or (iii) above), (vi) Interest
Swap Obligations of the Company or any of its Restricted Subsidiaries covering Indebtedness of the
Company or any of its Restricted Subsidiaries, provided that any Indebtedness to which any such
Interest Swap Obligations correspond is otherwise permitted to be incurred under this Indenture;
provided, further, that such Interest Swap Obligations are entered into, in the judgment of the
Company to protect the Company and its Restricted Subsidiaries from fluctuation in interest rates
on their respective outstanding Indebtedness, (vii) Indebtedness of the Company or any of its
Restricted Subsidiaries under Currency Agreements entered into, in the judgment of the Company, to
protect the Company or such Restricted Subsidiary of the Company from fluctuation in foreign
currency exchange rates, (viii) Indebtedness owed by any Restricted Subsidiary of the Company to
the Company or any

-14-

 

Restricted Subsidiary of the Company or by the Company to any Restricted Subsidiary of the
Company, (ix) Acquired Indebtedness of the Company or any Restricted Subsidiary of the Company to
the extent the Company could have incurred such Indebtedness in accordance with clause (i) or (ii)
of the first proviso to Section 4.3 on the date such Indebtedness became Acquired Indebtedness;
provided that, in the case of Acquired Indebtedness of a Restricted Subsidiary of the Company, such
Acquired Indebtedness was not incurred in connection with such Person becoming a Restricted
Subsidiary of the Company, (x) Indebtedness arising from the honoring by a bank or other financial
institution of a check, draft or other similar instrument drawn against insufficient funds in the
ordinary course of business, (xi) any refinancing, modification, replacement, renewal, restatement,
refunding, deferral, extension, substitution, supplement, reissuance or resale of existing or
future Indebtedness, including any additional Indebtedness incurred to pay interest or premiums
required by the instruments governing such existing or future Indebtedness as in effect at the time
of issuance thereof (“Required Premiums”) and fees in connection therewith; provided that
any such event shall not (1) result in an increase in the aggregate principal amount of Permitted
Indebtedness (except to the extent such increase is a result of a simultaneous incurrence of
additional Indebtedness (A) to pay Required Premiums and related fees or (B) otherwise permitted to
be incurred under this Indenture) of the Company and its Restricted Subsidiaries and (2) other than
with respect to Senior Indebtedness, create Indebtedness with a Weighted Average Life to Maturity
at the time of such Indebtedness is incurred that is less than the Weighted Average Life to
Maturity of such time of the Indebtedness being refinanced, modified, replaced, renewed, restated,
refunded, deferred, extended, substituted, supplemented, reissued or resold (except that this
subclause (2) will not apply in the event the Indebtedness being refinanced, modified, replaced,
renewed, restated, refunded, deferred, extended, substituted, supplemented, reissued or resold was
originally incurred in reliance upon clause (viii) or (xvii) of this definition); provided that no
Restricted Subsidiary of the Company may refinance any Indebtedness pursuant to this clause (xi)
other than its own Indebtedness, (xii) Indebtedness (including Capitalized Lease Obligations)
incurred by the Company or any Restricted Subsidiary to finance the purchase, lease or improvement
of property (real or personal) or equipment (whether through the direct purchase of assets or the
Capital Stock of any Person owning such assets) in an aggregate principal amount outstanding not to
exceed the greater of $200,000,000 and 3.0% of Consolidated Total Assets at the time of any
incurrence thereof (which amount shall be deemed not to include any such Indebtedness incurred in
whole or in part under the Credit Facility to the extent permitted by clause (iii) above), (xiii)
the incurrence by a Receivables Entity of Indebtedness in a Qualified Receivables Transaction that
is not recourse to the Company or any Restricted Subsidiary of the Company (except for Standard
Securitization Undertakings), and the incurrence by a Receivables Entity of Indebtedness under a
Purchase Money Note, (xiv) Indebtedness incurred by the Company or any of its Restricted
Subsidiaries constituting reimbursement obligations with respect to letters of credit issued in the
ordinary course of business, including, without limitation, letters of credit in respect of
workers’ compensation claims or self-insurance, or other Indebtedness with respect to reimbursement
type obligations regarding workers’ compensation claims, (xv) Indebtedness arising from agreements
of the Company or a Restricted Subsidiary of the Company providing for indemnification, adjustment

-15-

 

of purchase price, earn out or other similar obligations, in each case, incurred or assumed in
connection with the disposition of any business, assets or a Restricted Subsidiary of the Company,
other than guarantees of Indebtedness incurred by any Person acquiring all or any portion of such
business, assets or Restricted Subsidiary of the Company for the purpose of financing such
acquisition; provided that the maximum assumable liability in respect of all such Indebtedness
shall at no time exceed the gross proceeds actually received by the Company and its Restricted
Subsidiaries in connection with such disposition, (xvi) obligations in respect of performance and
surety bonds and completion guarantees provided by the Company or any Restricted Subsidiary of the
Company in the ordinary course of business, (xvii) Indebtedness consisting of guarantees (a) by the
Company of Indebtedness, leases and any other obligation or liability permitted to be incurred
under this Indenture by Restricted Subsidiaries of the Company, and (b) subject to Section 4.11, by
Restricted Subsidiaries of the Company of Indebtedness, leases and any other obligation or
liability permitted to be incurred under this Indenture by the Company or other Restricted
Subsidiaries of the Company, and (xviii) additional Indebtedness of the Company or any Restricted
Subsidiary of the Company in an aggregate principal amount not to exceed the greater of
$200,000,000 and 3.0% of Consolidated Total Assets at any one time outstanding.

          “Permitted Investments” means (i) Investments by the Company or any Restricted
Subsidiary of the Company in any Restricted Subsidiary of the Company (whether existing on the
Issue Date or created thereafter) and Investments in the Company by any Restricted Subsidiary of
the Company; (ii) cash and Cash Equivalents; (iii) Investments existing on the Issue Date; (iv)
loans and advances to employees, officers and directors of the Company and its Restricted
Subsidiaries not in excess of $10,000,000 at any one time outstanding; (v) accounts receivable
owing to the Company or any Restricted Subsidiary of the Company created or acquired in the
ordinary course of business and payable or dischargeable in accordance with customary trade terms;
provided, however, that such trade terms may include such concessionary trade terms as the Company
or such Restricted Subsidiary of the Company deems reasonable under the circumstances; (vi)
Currency Agreements and Interest Swap Obligations entered into by the Company or any of its
Restricted Subsidiaries for bona fide business reasons and not for speculative purposes and
otherwise in compliance with this Indenture; (vii) Investments in securities of or other
investments in trade creditors or customers received pursuant to any plan of reorganization or
similar arrangement upon the bankruptcy or insolvency of such trade creditors or customers; (viii)
Investments in the Securities, Existing Senior Notes or the Existing Senior Subordinated Notes;
(ix) Investments by the Company or any Restricted Subsidiary of the Company in a Person, if as a
result of such Investment (A) such Person becomes a Restricted Subsidiary of the Company or (B)
such Person is merged, consolidated or amalgamated with or into, or transfers or conveys all or
substantially all of its assets to, or is liquidated into, the Company or a Restricted Subsidiary
of the Company; (x) additional Investments having an aggregate fair market value, taken together
with all other Investments made pursuant to this clause (x) that are at the time outstanding, not
to exceed the greater of $150,000,000 and 5.0% of Consolidated Total Assets at the time of such
Investment (with the fair market value of each Investment being measured at the time made and
without giving effect to subsequent changes in

-16-

 

value), plus an amount equal to (A) 100% of the aggregate net cash proceeds received by the
Company from any Person (other than a Subsidiary of the Company) from the issuance and sale
subsequent to the Issue Date of Qualified Capital Stock of the Company (including Qualified Capital
Stock issued upon the conversion of convertible Indebtedness or in exchange for outstanding
Indebtedness or as capital contributions to the Company (other than from a Subsidiary)) and (B)
without duplication of any amounts included in clause (x)(A) above, 100% of the aggregate net cash
proceeds of any equity contribution received by the Company from a holder of the Company’s Capital
Stock, that in the case of amounts described in clause (x)(A) or (x)(B) are applied by the Company
within 180 days after receipt, to make additional Permitted Investments under this clause (x) (such
additional Permitted Investments being referred to collectively as “Stock Permitted
Investments”); (xi) any Investment by the Company or a Restricted Subsidiary of the Company in
a Receivables Entity or any Investment by a Receivables Entity in any other Person in connection
with a Qualified Receivables Transaction, including investments of funds held in accounts permitted
or required by the arrangements governing such Qualified Receivables Transaction or any related
Indebtedness; provided that any Investment in a Receivables Entity is in the form of a Purchase
Money Note, contribution of additional Receivables or an equity interest; (xii) Investments
received by the Company or its Restricted Subsidiaries as consideration for asset sales, including
Asset Sales; provided in the case of an Asset Sale, (A) such Investment does not exceed 25% of the
consideration received for such Asset Sale and (B) such Asset Sale is otherwise effected in
compliance with Section 4.6; (xiii) Investments by the Company or its Restricted Subsidiaries in
Joint Ventures in an aggregate amount not in excess of $150,000,000; and (xiv) that portion of any
Investment where the consideration provided by the Company is Capital Stock of the Company (other
than Disqualified Capital Stock). Any net cash proceeds that are used by the Company or any of its
Restricted Subsidiaries to make Stock Permitted Investments pursuant to clause (x) of this
definition shall not be included in subclause (v) or (w) of clause (iii) of the first paragraph of
Section 4.4.

          “Permitted Liens” means the following types of Liens:

     (i) Liens securing the Securities or the Existing Senior Notes, or Liens securing the
Existing Senior Subordinated Notes incurred in accordance with Section 4.2;

     (ii) Liens securing Acquired Indebtedness; provided that such Liens do not extend to or
cover any property or assets of the Company or of any of its Restricted Subsidiaries other
than the property or assets that secured the Acquired Indebtedness prior to the time such
Indebtedness became Acquired Indebtedness of the Company or a Restricted Subsidiary of the
Company;

     (iii) Liens existing on the Issue Date, together with any Liens securing Indebtedness
permitted to be incurred under this Indenture in order to refinance the Indebtedness secured
by Liens existing on the Issue Date; provided that the Liens securing the refinancing
Indebtedness shall not extend to property (plus improvements

-17-

 

accessions, proceeds or distributions in respect thereof) other than that securing the
Indebtedness being refinanced;

     (iv) Liens in favor of the Company on the property or assets, or any proceeds, income
or profit therefrom, of any Restricted Subsidiary of the Company;

     (v) Liens on property existing at the time of acquisition thereof by the Company or a
Restricted Subsidiary of the Company, other than Liens securing Acquired Indebtedness;
provided that such Liens were in existence prior to such acquisition and do not extend to
any property other than the property so acquired by the Company or a Restricted Subsidiary
of the Company;

     (vi) Liens on property of a Person at the time such Person is merged or consolidated
with the Company or a Restricted Subsidiary of the Company, other than Liens securing
Acquired Indebtedness; provided that such Liens were in existence prior to such merger or
consolidation and do not extend to any assets other than those of the Person merged or
consolidated with the Company or a Restricted Subsidiary of the Company; and

     (vii) other Liens securing Senior Subordinated Indebtedness, provided that the maximum
aggregate amount of outstanding obligations secured thereby shall not at any time exceed
$15,000,000 .

          “Person” means an individual, partnership, corporation, unincorporated organization,
trust or joint venture, or a governmental agency or political subdivision thereof or any other
entity.

          “Plan” means any employee benefit plan, retirement plan, deferred compensation plan,
restricted stock plan, health, life, disability or other insurance plan or program, employee stock
purchase plan, employee stock ownership plan, pension plan, stock option plan or similar plan or
arrangement of the Company or any Subsidiary of the Company, or other successor plan thereof, and
“Plans” shall have a correlative meaning.

          “Preferred Stock” of any Person means any Capital Stock of such Person that has
preferential rights to any other Capital Stock of such Person with respect to dividends or
redemptions or upon liquidation.

          “Productive Assets” means assets (including Capital Stock of a Person that directly or
indirectly own assets) of a kind used or usable in the business of the Company and its Restricted
Subsidiaries as, or related to such business, conducted on the date of the relevant Asset Sale.

          “Purchase Money Note” means a promissory note of a Receivables Entity evidencing a
line of credit, which may be irrevocable, from the Company or any Subsidiary of

-18-

 

the Company in connection with a Qualified Receivables Transaction to a Receivables Entity,
which note (a) shall be repaid from cash available to the Receivables Entity, other than (i)
amounts required to be established as reserves pursuant to agreements, (ii) amounts paid to
investors in respect of interest, (iii) principal and other amounts owing to such investors and
amounts owing to such investors and (iv) amounts paid in connection with the purchase of newly
generated receivables and (b) may be subordinated to the payments described in (a).

          “Purchase Money Obligations” means any Indebtedness incurred to finance or refinance
the acquisition, leasing, construction or improvement of property (real or personal) or assets, and
whether acquired through the direct acquisition of such property or assets or the acquisition of
the Capital Stock of any Person owning such property or assets, or otherwise.

          “QIB” means any “qualified institutional buyer” (as defined under the Securities Act).

          “Qualified Capital Stock” means any stock that is not Disqualified Capital Stock.

          “Qualified Receivables Transaction” means any transaction or series of transactions
that may be entered into by the Company or any of its Subsidiaries pursuant to which the Company or
any or its Subsidiaries may sell, convey or otherwise transfer to (a) a Receivables Entity (in the
case of a transfer by the Company or any of its Subsidiaries) and (b) any other Person (in the case
of a transfer by a Receivables Entity), or may grant a security interest in, any accounts
receivable (whether now existing or arising in the future) of the Company or any of its
Subsidiaries, and any assets related thereto including, without limitation, all collateral securing
such accounts receivable, all contracts 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 interests are customarily granted in connection with
asset securitization transactions involving accounts receivable. The grant of a security interest
in any accounts receivable of the Company or any of its Restricted Subsidiaries to secure Bank
Indebtedness shall not be deemed a Qualified Receivables Transaction.

          “Receivables Entity” means a Wholly Owned Subsidiary of the Company (or another Person
in which the Company or any Subsidiary of the Company makes an Investment and to which the Company
or any Subsidiary of the Company transfers accounts receivable and related assets) which engages in
no activities other than in connection with the financing of accounts receivable, all proceeds
thereof and all rights (contractual or other), collateral and other assets relating thereto, and
any business or activities incidental or related to such business, and which is designated by the
Board of Directors of the Company (as provided below) as a Receivables Entity (a) no portion of the
Indebtedness or any other Obligations (contingent or otherwise) of which (i) is guaranteed by the
Company or any Subsidiary of the Company (excluding guarantees of Obligations (other than the
principal of, and interest on, Indebtedness) pursuant to Standard Securitization Undertakings),
(ii) is recourse to or obligates the Company or any Subsidiary of the Company in any way other than
pursuant to Standard Securitization

-19-

 

Undertakings or (iii) subjects any property or asset of the Company or any Subsidiary of the
Company, directly or indirectly, contingently or otherwise, to the satisfaction thereof, other than
pursuant to Standard Securitization Undertakings, (b) with which neither the Company nor any
Subsidiary of the Company has any material contract, agreement, arrangement or understanding other
than on terms which the Company reasonably believes to be no less favorable to the Company or such
Subsidiary than those that might be obtained at the time from Persons that are not Affiliates of
the Company, other than fees payable in the ordinary course of business in connection with
servicing accounts receivable, and (c) to which neither the Company nor any Subsidiary of the
Company has any obligation to maintain or preserve such entity’s financial condition or cause such
entity to achieve certain levels of operating results other than through the contribution of
additional Receivables, related security and collections thereto and proceeds of the foregoing.
Any such designation by the Board of Directors of the Company 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 such designation and an Officers’ Certificate certifying that such designation
complied with the foregoing conditions.

          “Registered Exchange Offer” shall mean an offer by the Company to exchange Initial
Securities for Exchange Securities issued pursuant to an effective registration statement under the
Securities Act.

          “Registration Rights Agreement” means the Registration Rights Agreement, dated July
15, 2005, by and among the Company, Deutsche Bank Securities Inc. and Banc of America Securities
LLC, as such agreement my be amended, modified or supplemented from time to time and, with respect
to any Additional Securities, one or more registration rights agreements between the Company and
the other parties thereto, as such agreement(s) may be amended, modified or supplemented from time
to time, relating to rights given by the Company to certain purchasers of Additional Securities
with respect to the registration of certain Additional Securities under the Securities Act.

          “Replaced Credit Facility” means the credit agreement dated as of February 14, 2003,
as amended, among Fisher, the other borrowers thereto from time to time, if any, the lenders party
thereto from time to time and Deutsche Bank AG, as administrative agent, together with the related
documents thereto (including, without limitation, any guarantee agreements, promissory notes and
collateral documents), in each case as such agreements have been amended, supplemented or otherwise
modified from time to time.

          “Representative” means the indenture trustee or other trustee, agent or representative
in respect of any Designated Senior Indebtedness; provided that if, and for so long as, any
Designated Senior Indebtedness lacks such a representative, then the Representative for such
Designated Senior Indebtedness shall at all times constitute the holders of a majority in
outstanding principal amount of such Designated Senior Indebtedness in respect of any Designated
Senior Indebtedness.

-20-

 

          “Restricted Subsidiary” of any Person means any Subsidiary of such Person which at the
time of determination is not an Unrestricted Subsidiary.

          “S&P” means Standard & Poor’s Ratings Service and its successors.

          “Sale and Leaseback Transaction” means any direct or indirect arrangement with any
Person or to which any such Person is a party, providing for the leasing to the Company or a
Restricted Subsidiary of any property, whether owned by the Company or any Restricted Subsidiary at
the Issue Date or later acquired, which has been or is to be sold or transferred by the Company or
such Restricted Subsidiary to such Person or to any other Person from whom funds have been or are
to be advanced by such Person on the security of such property.

          “Secured Indebtedness” means any Indebtedness of the Company secured by a Lien.

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

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

          “Securities Custodian” means the trustee as custodian for the Depositary.

          “Senior Indebtedness” means (i) Bank Indebtedness and (ii) all Indebtedness of the
Company including interest thereon (including interest accruing on or after the filing of any
petition in bankruptcy or for reorganization relating to the Company or any Restricted Subsidiary
of the Company whether or not a claim for post-filing interest is allowed in such proceedings),
whether outstanding on the Issue Date or thereafter incurred, unless in the instrument creating or
evidencing the same or pursuant to which the same is outstanding it is expressly provided that such
obligations are not superior in right of payment to the Securities; provided, however, that Senior
Indebtedness shall not include (1) any obligation of the Company to any Subsidiary of the Company,
(2) any liability for Federal, state, local or other taxes owed or owing by the Company, (3) any
accounts payable or other liability to trade creditors arising in the ordinary course of business
(including guarantees thereof or instruments evidencing such liabilities), (4) any Indebtedness of
the Company which is expressly subordinate in right of payment to any other Indebtedness of the
Company, including any Senior Subordinated Indebtedness and any Subordinated Obligations, (5) any
obligations with respect to any Capital Stock or (6) that portion of any Indebtedness incurred in
violation of Section 4.3 (but, as to any such obligation, no such violation shall be deemed to
exist for purposes of this clause (6) if the holders(s) of such obligation or their representative
and the Trustee shall have received an Officers’ Certificate of the Company to the effect that the
incurrence of such Indebtedness does not (or, in the case of revolving credit Indebtedness, that
the incurrence of the entire committed amount thereof at the date on which the initial borrowing
thereunder is made would not) violate such provisions of this Indenture).

-21-

 

          “Senior Subordinated Indebtedness” means the Securities, the Existing Senior
Subordinated Notes and any other Indebtedness of the Company that specifically provides that such
Indebtedness is to rank pari passu with the Securities and is not by its express terms subordinate
in right of payment to any Indebtedness of the Company which is not Senior Indebtedness.

          “Significant Subsidiary” means any Restricted Subsidiary that would be a “significant
subsidiary” of the Company within the meaning of Rule 1-02 under Regulation S-X promulgated by the
Commission, as in effect on the Issue Date.

          “Standard Securitization Undertakings” means representations, warranties, covenants
and indemnities entered into by the Company or any Subsidiary of the Company which the Company
reasonably believes to be customary in an accounts receivable transaction.

          “Stated Maturity” means, with respect to any security, the date specified in such
security as the fixed date on which the payment of principal of such security is due and payable,
including pursuant to any mandatory redemption provision.

          “Subordinated Obligation” means any Indebtedness of the Company (whether outstanding
on the Issue Date or thereafter incurred) which is expressly subordinate in right of payment to the
Securities pursuant to a written agreement.

          “Subsidiary” means, with respect to any Person, (i) any corporation of which the
outstanding Capital Stock having at least a majority of the votes entitled to be cast in the
election of directors under ordinary circumstances shall at the time be owned, directly or
indirectly, by such Person or (ii) any other Person of which at least a majority of the voting
interest under ordinary circumstances is at the time, directly or indirectly, owned by such Person.

          “Subsidiary Guarantor” means a Restricted Subsidiary of the Company that executes and
delivers a supplemental indenture pursuant to Section 4.11.

          “TIA” means the Trust Indenture Act of 1939 (15 U.S.C. §§ 77aaa-77bbbb), as amended,
as in effect on the date of this Indenture.

          “Transfer Restricted Securities” means Securities that bear or are required to bear
the legend set forth in Section 2.6(d) hereof.

          “Trust Officer” means any officer within the corporate trust department of the
Trustee, including any vice president, assistant vice president, assistant secretary, assistant
treasurer, trust officer or any other officer of the Trustee, assigned by the Trustee to administer
this Indenture, or in the case of a successor trustee, an officer assigned to the department,
division or group performing the corporation trust work of such successor and assigned to
administer this Indenture.

-22-

 

          “Unrestricted Subsidiary” of any Person means (i) any Subsidiary of such Person that
at the time of determination shall be or continue to be designated an Unrestricted Subsidiary by
the Board of Directors of such Person in the manner provided below and (ii) any Subsidiary of an
Unrestricted Subsidiary. The Board of Directors may designate any Subsidiary (including any newly
acquired or newly formed Subsidiary) to be an Unrestricted Subsidiary unless such Subsidiary owns
any Capital Stock of, or owns or holds any Lien on any property of, the Company or any other
Restricted Subsidiary of the Company that is not a Subsidiary of the Subsidiary to be so
designated; provided that (A) such designation was made at or prior to the Issue Date, (B) the
Subsidiary to be so designated has total consolidated assets of $1,000 or less or (C) if such
Subsidiary has consolidated assets greater than $1,000, then the Company certifies to the Trustee
that such designation complies with Section 4.4 and that each Subsidiary to be so designated and
each of its Subsidiaries has not at the time of designation, and does not thereafter, create,
incur, issue, assume, guarantee or otherwise become directly or indirectly liable with respect to
any Indebtedness pursuant to which the lender has recourse to any of the assets of the Company or
any of its Restricted Subsidiaries. The Board of Directors may designate any Unrestricted
Subsidiary to be a Restricted Subsidiary of the Company only if (x) immediately after giving effect
to such designation and treating all Indebtedness of such Unrestricted Subsidiary as being incurred
on such date, the Company is able to incur at least $1.00 of additional Indebtedness (other than
Permitted Indebtedness) in compliance with Section 4.3 or (y) the Consolidated Fixed Charge
Coverage Ratio would be greater than it was immediately prior to such designation, and in each case
no Default or Event of Default shall have occurred and be continuing. Any such designation by the
Board of Directors shall be evidenced to the Trustee by promptly filing with the Trustee a copy of
the resolution giving effect to such designation and an Officers’ Certificate certifying that such
designation complies with the foregoing provisions.

          “U.S. Government Obligations” means direct obligations of, and obligations guaranteed
by, the United States of America for the payment of which the full faith and credit of the United
States of America is pledged.

          “U.S. Legal Tender” means such coin or currency of the United States of America as at
the time of payment shall be legal tender for the payment of public and private debts.

          “Weighted Average Life to Maturity” means, when applied to any Indebtedness at any
date, the number of years obtained by dividing (a) the then outstanding aggregate principal amount
of such Indebtedness into (b) the sum of the total of the products obtained by multiplying (i) the
amount of each then remaining installment, sinking fund, serial maturity or other required payment
of principal, including payment at final maturity, in respect thereof, by (ii) the number of years
(calculated to the nearest one-twelfth) which will elapse between such date and the making of such
payment.

          “Wholly Owned Subsidiary” means any Restricted Subsidiary of the Company all the
outstanding voting securities of which (other than directors, qualifying shares or an

-23-

 

immaterial amount of shares required to be owned by other Persons pursuant to applicable law)
are owned, directly or indirectly, by the Company.

     SECTION 1.2. Other Definitions.

	 	 	 
	 	 	Defined in
	Term	 	Section
	“Affiliate Transaction”
	 	4.7
	“Agent Member”
	 	2.1(c)
	“Amendment”
	 	4.5
	“Authenticating Agent”
	 	2.2
	“Bankruptcy Law”
	 	6.1
	“Blockage Notice”
	 	10.3
	“Change of Control Offer”
	 	4.8(a)
	“Change of Control Payment Date”.
	 	4.8(b)
	“Company”
	 	Preamble
	“Covenant Defeasance”
	 	8.2(c)
	“Custodian”
	 	6.1
	“Definitive Securities”
	 	2.1(d)
	“Event of Default”
	 	6.1
	“Exchange Notes”
	 	Preamble
	“Exchange Securities”
	 	2.1
	“Global Security”
	 	2.1(b)
	“Guarantee”
	 	4.11
	“incur”
	 	4.3
	“Initial Agreement”
	 	4.5
	“Initial Lien”
	 	4.2
	“Initial Notes”
	 	Preamble
	“Initial Securities”
	 	2.1(a)
	“Legal Defeasance”
	 	8.2(b)
	“Legal Holiday”
	 	11.8
	“Net Proceeds Offer”
	 	4.6(a)
	“Net Proceeds Offer Amount”
	 	4.6(a)
	“Net Proceeds Offer Trigger Date”
	 	4.6(a)
	“Note Offer Amount”
	 	4.6(a)
	“Net Proceeds Offer Payment Date”
	 	4.6(a)
	“Original Securities”
	 	Preamble
	“Other Debt”
	 	4.6(a)
	“pay the Securities”
	 	10.3
	“Paying Agent”
	 	2.3
	“Payment Blockage Period”
	 	10.3
	“Purchase Agreement”
	 	Preamble

-24-

 

	 	 	 
	 	 	Defined in
	Term	 	Section
	“Reference Period”
	 	4.4
	“Refinancing Agreement”
	 	4.5
	“Registered Securities”
	 	2.1(a)
	“Registrar”
	 	2.3
	“Regulation S”
	 	2.1(b)
	“Restricted Payment”
	 	4.4
	“Rule 144A”
	 	2.1(b)
	“Securities”
	 	Preamble
	“Trustee”
	 	Preamble

          SECTION 1.3. Incorporation by Reference of Trust Indenture Act. This Indenture is
subject to the mandatory provisions of the TIA which are incorporated by reference in and made a
part of this Indenture. The following TIA terms have the following meanings:

          “Commission” means the Securities and Exchange Commission.

          “indenture securities” means the Securities.

          “indenture security holder” means a Securityholder.

          “indenture to be qualified” means this Indenture.

          “indenture trustee” or “institutional trustee” means the Trustee.

          “obligor” on the indenture securities means the Company and any other obligor on the indenture
securities.

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

          SECTION 1.4. Rules of Construction. Unless the context otherwise requires:

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

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

     (3) “or” is not exclusive;

     (4) “including” means including without limitation;

-25-

 

     (5) words in the singular include the plural and words in the plural include the
singular;

     (6) unsecured Indebtedness shall not be deemed to be subordinate or junior to Secured
Indebtedness merely by virtue of its nature as unsecured Indebtedness;

     (7) the principal amount of any non interest bearing or other discount security at any
date shall be the principal amount thereof that would be shown on a balance sheet of the
issuer dated such date prepared in accordance with GAAP; and

     (8) the principal amount of any Preferred Stock shall be (i) the maximum liquidation
preference of such Preferred Stock or (ii) the maximum mandatory redemption or mandatory
repurchase price with respect to such Preferred Stock, whichever is greater.

ARTICLE II

THE SECURITIES

          SECTION 2.1. Form and Dating. (a) Any Securities issued as Transfer Restricted
Securities, including the Initial Notes (the “Initial Securities”), and the Trustee’s
certificate of authentication shall be substantially in the form of Exhibit A, which is hereby
incorporated in and expressly made a part of this Indenture. Any Securities issued in a Registered
Exchange Offer (the “Exchange Securities”) or any Additional Securities originally issued
pursuant to an effective registration statement under the Securities Act (any such Additional
Securities, together with the Exchange Securities, the “Registered Securities”) and the
Trustee’s certificate of authentication shall be substantially in the form of Exhibit B, which is
hereby incorporated by reference and expressly made a part of this Indenture. The Securities may
have notations, legends or endorsements required by law, stock exchange rule or usage, in addition
to those set forth on Exhibits A and B. The Company and the Trustee shall approve the forms of the
Securities and any notation, endorsement or legend on them. Each Security shall be dated the date
of its authentication. The terms of the Securities set forth in Exhibit A and Exhibit B are part
of the terms of this Indenture and, to the extent applicable, the Company, and the Trustee, by
their execution and delivery of this Indenture, expressly agree to be bound by such terms.

          (b) Global Securities. The Securities shall in each case be issued initially in the
form of one or more permanent global securities in definitive, fully registered form without
interest coupons with the Global Securities Legend set forth on Exhibit A and Exhibit B (each, a
“Global Security”), which shall be deposited on behalf of the Holders of the Securities
represented thereby with the Trustee, at its designated corporate trust office, as custodian for
the Depositary, and registered in the name of the Depositary or a nominee of the Depositary, duly
executed by the Company and authenticated by the Trustee as hereinafter provided and in the case of
Initial Securities offered and sold to a QIB in reliance on Rule 144A under the Securities

-26-

 

Act (“Rule 144A”) or outside the United States in reliance on Registration S under the
Securities Act (“Regulation S”) the Global Security shall bear the Restricted Securities
Legend set forth in Exhibit A hereto. The aggregate principal amount of the Global Securities may
from time to time be increased or decreased by endorsements made on such Global Securities by the
Trustee, the Securities Custodian or the Depositary or its nominee as hereinafter provided.

          (c) Book-Entry Provisions. This Section 2.1(c) shall apply only to Global Securities.

          Members of, or participants in, the Depositary (“Agent Members”) shall have no rights
under this Indenture with respect to any Global Security held on their behalf by the Depositary or
by the Trustee as the custodian of the Depositary or under such Global Security, and the Depositary
may be treated by the Company, the Trustee and any agent of the Company or the Trustee as the
absolute owner of such Global Security for all purposes whatsoever. Notwithstanding the foregoing,
nothing herein shall prevent the Company, the Trustee or an agent of the Company or the Trustee
from giving effect to any written certification, proxy or other authorization furnished by the
Depositary or impair, as between the Depositary and its Agent Members, the operation of customary
practices of the Depositary governing the exercise of the rights of a holder of a beneficial
interest in any Global Security.

          (d) Certificated Securities. Except as provided in Section 2.6, owners of beneficial
interests in Global Securities will not be entitled to receive certificated Securities bearing the
Restricted Securities Legend set forth in Exhibit A hereto (the “Definitive Securities”).
Definitive Securities will bear the Restricted Securities Legend set forth on Exhibit A unless
removed in accordance with Section 2.6(d) hereof.

          SECTION 2.2. Execution and Authentication. At least one Officer shall sign the
Securities for the Company by manual or facsimile signature.

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

          A Security shall not be valid until an authorized signatory of the Trustee manually
authenticates the Security. The signature of the Trustee on a Security shall be conclusive
evidence that such Security has been duly and validly authenticated and issued under this
Indenture.

          The Trustee shall authenticate and deliver: (1) Initial Notes for original issue in an
aggregate principal amount of $500,000,000, (2) Exchange Notes for issue only in an Exchange Offer
pursuant to and as defined in the Registration Rights Agreement, and only in exchange for Initial
Notes of an equal principal amount and (3) Additional Securities for issuance as Transfer
Restricted Securities or otherwise and any Exchange Securities with respect thereto, in each case
upon a written order of the Company signed by two Officers or by an Officer and either an Assistant
Treasurer or an Assistant Secretary of the Company; provided,

-27-

 

that, in the case of clauses (2) and (3) above, any such order with respect to Additional
Securities shall be accompanied by the receipt of an Officers’ Certificate and Opinion of Counsel
pursuant to Section 11.4 to authenticate Additional Securities for original issue in an aggregate
principal amount set forth in such request. Such order shall specify the amount of the Securities
to be authenticated and the date on which the original issue of Securities is to be authenticated
and whether the Securities are to be Initial Securities or Exchange Securities. The aggregate
principal amount of Original Securities outstanding at any time may not exceed $500,000,000 except
as provided in Section 2.7.

          The Trustee may appoint an agent (the “Authenticating Agent”) reasonably acceptable to
the Company to authenticate the Securities. Unless limited by the terms of such appointment, any
such Authenticating Agent may authenticate Securities whenever the Trustee may do so. Each
reference in this Indenture to authentication by the Trustee includes authentication by such agent.

          SECTION 2.3. Registrar and Paying Agent. The Company shall maintain an office or
agency where Securities may be presented for registration of transfer or for exchange (the
“Registrar”) and an office or agency where Securities may be presented for payment (the
“Paying Agent”). The Registrar shall keep a register of the Securities and of their
transfer and exchange. The Company may have one or more co-registrars and one or more additional
paying agents. The term “Paying Agent” includes any additional paying agent.

          The Company shall enter into an appropriate agency agreement with any Registrar, Paying Agent
or co-registrar not a party to this Indenture, which shall incorporate the terms of the TIA. The
agreement shall implement the provisions of this Indenture that relate to such agent. The Company
shall notify the Trustee of the name and address of each such agent. If the Company fails to
maintain a Registrar or Paying Agent, the Trustee shall act as such and shall be entitled to
appropriate compensation therefor pursuant to Section 7.7. The Company or any of its domestically
incorporated Wholly Owned Restricted Subsidiaries may act as Paying Agent, Registrar, co-registrar
or transfer agent.

          The Company initially appoints the Trustee as Registrar and Paying Agent for the Securities.

          SECTION 2.4. Paying Agent to Hold Money in Trust. By at least 10:00 A.M. (New York
City time) on the date on which any principal of or interest on any Security is due and payable,
the Company shall deposit with the Paying Agent a sum sufficient to pay such principal or interest
when due. The Company shall require each Paying Agent (other than the Trustee) to agree in writing
that such Paying Agent shall hold in trust for the benefit of Securityholders or the Trustee all
money held by such Paying Agent for the payment of principal of or interest on the Securities and
shall notify the Trustee of any default by the Company in making any such payment. If the Company
or a Subsidiary acts as Paying Agent, it shall segregate the money held by it as Paying Agent and
hold it as a separate trust fund. The Company at any time may require a Paying Agent (other than
the Trustee) to pay all money held

-28-

 

by it to the Trustee and to account for any funds disbursed by such Paying Agent. Upon
complying with this Section, the Paying Agent (if other than the Company or a Subsidiary) shall
have no further liability for the money delivered to the Trustee. Upon any bankruptcy,
reorganization or similar proceeding with respect to the Company, the Trustee shall serve as Paying
Agent for the Securities.

          SECTION 2.5. Securityholder Lists. The Trustee shall preserve in as current a form as
is reasonably practicable the most recent list available to it of the names and addresses of
Securityholders. If the Trustee is not the Registrar, the Company shall furnish to the Trustee, in
writing 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 Securityholders.

          SECTION 2.6. Transfer and Exchange.

          (a) Transfer and Exchange of Definitive Securities. When Definitive Securities are
presented by a Holder to the Registrar or a co-registrar with a request:

     (x) to register the transfer of such Definitive Securities; or

     (y) to exchange such Definitive Securities for an equal principal amount of Definitive
Securities of other authorized denominations,

the Registrar or co-registrar shall register the transfer or make the exchange as requested if its
reasonable requirements for such transaction are met; provided, however, that:

     (i) such Definitive Securities shall be duly endorsed or accompanied by a written
instrument of transfer in form reasonably satisfactory to the Company and the Registrar or
co-registrar, duly executed by such Holder or his attorney duly authorized in writing; and

     (ii) if such Definitive Securities are Transfer Restricted Securities, such Definitive
Securities shall also be accompanied by the following additional information and documents,
as applicable:

     (A) if such Transfer Restricted Securities are being delivered to the Registrar
by a Holder for registration in the name of such Holder, without transfer, a
certification from such Holder to that effect (in the form set forth on the reverse
of the Security); or

     (B) if such Transfer Restricted Securities are being transferred (x) to the
Company or to a QIB in accordance with Rule 144A under the Securities Act or (y)
pursuant to an effective registration statement under the Securities Act, a

-29-

 

certification from such Holder to that effect (in the form set forth on the
reverse of the Security); or

     (C) if such Transfer Restricted Securities are being transferred (w) pursuant
to an exemption from registration in accordance with Rule 144 or Regulation S under
the Securities Act; (x) to an institutional “accredited investor” as defined in
subparagraph (a)(1), (2), (3) or (7) of Rule 501 under the Securities Act (an
“IAI”); or (y) in reliance on another exemption from the registration
requirements of the Securities Act: (i) a certification to that effect from such
Holder (in the form set forth on the reverse of the Security) and (ii) if the
Company or the Trustee so requests, an Opinion of Counsel reasonably acceptable to
the Company and to the Trustee to the effect that such transfer is in compliance
with the Securities Act.

          (b) Transfer and Exchange of Global Securities. (i) The transfer and exchange of
Global Securities or beneficial interests therein shall be effected through the Depositary, in
accordance with this Indenture (including applicable restrictions on transfer set forth herein, if
any) and the procedures of the Depositary therefor.

          (ii) A Global Security deposited with the Depositary or with the Trustee as custodian for the
Depositary pursuant to Section 2.1 shall be transferred to the beneficial owners thereof only if
such transfer complies with this Section 2.6 and (i) the Depositary notifies the Company that it is
unwilling or unable to continue as Depositary for such Global Security or if at any time such
Depositary ceases to be a “clearing agency” registered under the Exchange Act and a successor
depositary is not appointed by the Company within 90 days of such notice and the Company notifies
the Trustee in writing of such circumstances, (ii) the Company, at its option, notifies the Trustee
in writing that it elects to cause the issuance of Securities in definitive form or (iii) an Event
of Default has occurred and is continuing and the Registrar has received a request from the
Depositary or the Trustee to issue Definitive Securities.

          (iii) Any Global Security that is transferable to the beneficial owners thereof pursuant to
this Section shall be surrendered by the Depositary to the Trustee to be so transferred, in whole
or from time to time in part, without charge, and the Company shall sign and the Trustee shall
authenticate and deliver, upon such transfer of each portion of such Global Security, an equal
aggregate principal amount of Definitive Securities of authorized denominations. Each Definitive
Security delivered in exchange for any portion of a Global Security transferred pursuant to this
Section shall be executed, authenticated and delivered only in denominations of $1,000 and any
integral multiple thereof and shall be registered in such names as the Depositary shall direct.
Any Definitive Security delivered in exchange for an interest in the Global Security shall, except
as otherwise provided in Section 2.6(d), bear the Restricted Securities Legend set forth in Exhibit
A hereto.

          (iv) The registered Holder of a Global Security may grant proxies and otherwise authorize any
Person, including Agent Members and Persons that may hold interests

-30-

 

          through Agent Members, to take any action which a Holder is entitled to take under this
Indenture or the Securities.

          (v) In the event of the occurrence of any of the events specified in Section 2.6(b)(ii), the
Company will promptly make available to the Trustee a reasonable supply of certificated Securities
in definitive, fully registered form without interest coupons.

          (c) Restrictions on Transfer and Exchange of Global Securities. Notwithstanding any
other provisions of this Indenture (other than the provisions set forth in subsection (b) of this
Section 2.6), a Global Security may not be transferred as a whole except by the Depositary to a
nominee of the Depositary or by a nominee of the Depositary to the Depositary or another nominee by
the Depositary or by the Depositary or any such nominee to a successor Depositary or a nominee of
such successor Depositary.

          (d) Legend. (i) Except for Registered Securities and except as permitted by the
following paragraph (ii) each Security certificate evidencing Global Securities and Definitive
Securities (and all Securities issued in exchange therefor or substitution thereof) shall bear a
legend in substantially the following form:

“THIS SECURITY HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED
(THE “SECURITIES ACT”), OR ANY STATE SECURITIES LAWS. NEITHER THIS SECURITY NOR ANY
INTEREST OR PARTICIPATION HEREIN MAY BE REOFFERED, SOLD, ASSIGNED, TRANSFERRED,
PLEDGED, ENCUMBERED OR OTHERWISE DISPOSED OF IN THE ABSENCE OF SUCH REGISTRATION OR
UNLESS SUCH TRANSACTION IS EXEMPT FROM, OR NOT SUBJECT TO, REGISTRATION AND SUBJECT
TO COMPLIANCE WITH OTHER APPLICABLE LAWS.

THE HOLDER OF THIS SECURITY BY ITS ACCEPTANCE HEREOF AGREES TO OFFER, SELL OR
OTHERWISE TRANSFER SUCH SECURITY, PRIOR TO THE DATE WHICH IS TWO YEARS (OR SUCH
SHORTER PERIOD THAT MAY HEREAFTER BE PROVIDED UNDER RULE 144(K) (OR ANY SUCCESSOR
PROVISION THEREOF) AS PERMITTING THE RESALE BY NON-AFFILIATES OF RESTRICTED
SECURITIES WITHOUT RESTRICTION) AFTER THE LATER OF THE ORIGINAL ISSUE DATE HEREOF
AND THE LAST DATE ON WHICH THE COMPANY, ANY GUARANTOR OR ANY AFFILIATE OF THE
COMPANY WAS THE OWNER OF THIS SECURITY (OR ANY PREDECESSOR OF THIS SECURITY) (THE
“RESALE RESTRICTION TERMINATION DATE”), ONLY (A) TO THE COMPANY, (B) PURSUANT TO A
REGISTRATION STATEMENT THAT HAS BEEN DECLARED EFFECTIVE UNDER THE SECURITIES ACT,
(C) FOR SO LONG AS THE SECURITIES ARE ELIGIBLE FOR RESALE PURSUANT TO RULE 144A
UNDER THE

-31-

 

SECURITIES ACT (“RULE 144A”), TO A PERSON IT REASONABLY BELIEVES IS A “QUALIFIED
INSTITUTIONAL BUYER” AS DEFINED IN RULE 144A THAT PURCHASES FOR ITS OWN ACCOUNT OR
FOR THE ACCOUNT OF A QUALIFIED INSTITUTIONAL BUYER TO WHOM NOTICE IS GIVEN THAT THE
TRANSFER IS BEING MADE IN RELIANCE ON RULE 144A, (D) PURSUANT TO OFFERS AND SALES
THAT OCCUR OUTSIDE THE UNITED STATES WITHIN THE MEANING OF REGULATION S UNDER THE
SECURITIES ACT, (E) TO AN INSTITUTIONAL “ACCREDITED INVESTOR” (“IAI”) WITHIN THE
MEANING OF SUBPARAGRAPH (A) (1), (2), (3) OR (7) OF RULE 501 UNDER THE SECURITIES
ACT THAT IS PURCHASING FOR ITS OWN ACCOUNT OR FOR THE ACCOUNT OF SUCH AN IAI, IN
EACH CASE, IN A TRANSACTION INVOLVING A MINIMUM PURCHASE PRICE OF $250,000 FOR SUCH
SECURITIES, FOR INVESTMENT PURPOSES AND NOT WITH A VIEW TO OR FOR OFFERS OR SALE IN
CONNECTION WITH ANY DISTRIBUTION IN VIOLATION OF THE SECURITIES ACT, OR (F) PURSUANT
TO ANOTHER AVAILABLE EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES
ACT AND OTHERWISE IN COMPLIANCE WITH OTHER APPLICABLE LAWS, SUBJECT TO THE COMPANY’S
AND THE TRUSTEE’S RIGHT PRIOR TO ANY SUCH OFFER, SALE OR TRANSFER PURSUANT TO CLAUSE
(D), (E) OR (F) TO REQUIRE THE DELIVERY OF AN OPINION OF COUNSEL, CERTIFICATION
AND/OR OTHER INFORMATION SATISFACTORY TO EACH OF THEM. THIS LEGEND WILL BE REMOVED
UPON THE REQUEST OF A HOLDER AFTER THE RESALE RESTRICTION TERMINATION DATE.”

          Except as permitted by the following paragraph (ii), until the 40th day after the Issue Date,
each Security certificate evidencing Securities sold in offshore transactions to non-U.S. persons
in reliance on Regulation S promulgated under the Securities Act shall bear a legend in
substantially the following form:

“UNTIL THE EXPIRATION OF THE “40 DAY DISTRIBUTION COMPLIANCE PERIOD” (WITHIN THE
MEANING OF RULE 903(b)(2) OF REGULATION S UNDER THE SECURITIES ACT), BENEFICIAL
OWNERSHIP INTERESTS IN THIS SECURITY MAY ONLY BE SOLD, PLEDGED OR TRANSFERRED
THROUGH EUROCLEAR BANK S.A./N.A., AS OPERATOR OF THE EUROCLEAR SYSTEM OR CLEARSTREAM
BANKING, SOCIÉTÉ ANONYME. THIS LEGEND WILL BE REMOVED UPON THE EXPIRATION OF SUCH
40 DAY DISTRIBUTION COMPLIANCE PERIOD.”

-32-

 

          (ii) Upon any sale or transfer of a Transfer Restricted Security (including any Transfer
Restricted Security represented by a Global Security) pursuant to Rule 144 under the Securities Act
or pursuant to an effective registration statement under the Securities Act:

     (A) in the case of any Transfer Restricted Security that is a Definitive Security, the
Registrar shall permit the Holder thereof to exchange such Transfer Restricted Security for
a Definitive Security that does not bear any of the legends set forth in paragraph (i) above
and rescind any restriction on the transfer of such Security; and

     (B) in the case of any such Transfer Restricted Security represented by a Global
Security, such Transfer Restricted Security shall not be required to bear any of the legends
set forth in paragraph (i) above, although it shall continue to be subject to the provisions
of Section 2.6 (b) hereof.

          (e) Cancellation or Adjustment of Global Security. At such time as all beneficial
interests in a Global Security have either been exchanged for Definitive Securities, redeemed,
repurchased or canceled, such Global Security shall be retained and canceled by the Trustee. At
any time prior to such cancellation, if any beneficial interest in a Global Security is exchanged
for Definitive Securities, redeemed, repurchased or canceled, the principal amount of Securities
represented by such Global Security shall be reduced and an endorsement shall be made on such
Global Security by the Securities Custodian to reflect such reduction.

          (f) Obligations with Respect to Transfers and Exchanges of Securities. (i) To permit
registrations of transfers and exchanges, the Company shall, subject to the other terms and
conditions of this Article II, execute and the Trustee shall authenticate Definitive Securities and
Global Securities at the Registrar’s or co-registrar’s request.

          (ii) No service charge shall be made to a Holder for any registration of transfer or exchange,
but the Company, Registrar or co-registrar may require payment of a sum sufficient to cover any
transfer tax, assessments, or similar governmental charge payable in connection therewith (other
than any such transfer taxes or similar governmental charges payable upon exchange or transfer
pursuant to Section 4.6, 4.8 or 9.5 or pursuant to paragraph 5 of the Securities).

          (iii) The Registrar or co-registrar shall not be required to register the transfer of or
exchange of (a) any Definitive Security selected for redemption in whole or in part pursuant to
Article III, except the unredeemed portion of any Definitive Security being redeemed in part, or
(b) any Security for a period beginning (1) 15 Business Days before the mailing of a notice of an
offer to repurchase or redeem Securities and ending at the close of business on the day of such
mailing or (2) 15 Business Days before an interest payment date and ending on such interest payment
date.

-33-

 

          (iv) Prior to the due presentation for registration of transfer of any Security, the Company,
the Trustee, the Paying Agent, the Registrar or any co-registrar may deem and treat the person in
whose name a Security is registered as the absolute owner of such Security for the purpose of
receiving payment of principal of and interest on such Security and for all other purposes
whatsoever, whether or not such Security is overdue, and none of the Company, the Trustee, the
Paying Agent, the Registrar or any co-registrar shall be affected by notice to the contrary.

          (v) All Securities issued upon any transfer or exchange pursuant to the terms of this
Indenture shall evidence the same debt and shall be entitled to the same benefits under this
Indenture as the Securities surrendered upon such transfer or exchange.

          (vi) The Trustee shall have no responsibility or obligation to any beneficial owner of a
Global Security, a member of, or a participant in, the Depositary or other Person with respect to
the accuracy of the records of the Depositary or its nominee or of any participant or member
thereof, with respect to any ownership interest in the Securities or with respect to the delivery
to any participant, member, beneficial owner or other Person (other than the Depositary) of any
notice (including any notice of redemption) or the payment of any amount or delivery of any
Securities (or other security or property) under or with respect to such Securities. All notices
and communications to be given to the Holders and all payments to be made to Holders in respect of
the Securities shall be given or made only to or upon the order of the registered Holders (which
shall be the Depositary or its nominee in the case of a Global Security). The rights of beneficial
owners in any Global Security shall be exercised only through the Depositary subject to the
applicable rules and procedures of the Depositary. The Trustee may conclusively rely and shall be
fully protected in conclusively relying upon information furnished the Depositary with respect to
its members, participants and any beneficial owners.

          (vii) The Trustee shall have no obligation or duty to monitor, determine or inquire as to
compliance with any restrictions on transfer imposed under this Indenture or under applicable law
with respect to any transfer of any interest in any Security (including any transfers between or
among Depositary participants, members or beneficial owners in any Global Security) other than to
require delivery of such certificates and other documentation or evidence as are expressly required
by, and to do so if and when expressly required by, the terms of this Indenture, and to examine the
same to determine substantial compliance as to form with the express requirements hereof.

          (viii) Each Holder of a Security agrees to indemnify the Company and the Trustee against any
liability that may result from the transfer, exchange or assignment of such Holder’s Security in
violation of any provision of this Indenture and/or applicable United States Federal or state
securities law.

          (ix) Neither the Trustee nor any Agent shall have any responsibility for any actions taken or
not taken by the Depositary.

-34-

 

          SECTION 2.7. Replacement Securities. If a mutilated Security is surrendered to the
Registrar or if the Holder of a Security claims that the Security has been lost, destroyed or
wrongfully taken, the Company shall issue and the Trustee shall authenticate a replacement Security
if the requirements of Section 8-405 of the Uniform Commercial Code are met and the Holder
satisfies any other reasonable requirements of the Trustee. If required by the Trustee or the
Company, such Holder shall furnish an indemnity bond sufficient in the judgment of the Company and
the Trustee to protect the Company, the Trustee, the Paying Agent, the Registrar and any
co-registrar from any loss which any of them may suffer if a Security is replaced. The Company and
the Trustee may charge the Holder for their expenses in replacing a Security. Every replacement
Security is an additional obligation of the Company.

          SECTION 2.8. Outstanding Securities. Securities outstanding at any time are all
Securities authenticated by the Trustee except for those canceled by it, those delivered to it for
cancellation and those described in this Section as not outstanding. A Security does not cease to
be outstanding because the Company or an Affiliate of the Company holds the Security.

          If a Security is replaced pursuant to Section 2.7, it ceases to be outstanding unless the
Trustee and the Company receive proof satisfactory to them that the replaced Security is held by a
bona fide purchaser.

          If the Paying Agent segregates and holds in trust, in accordance with this Indenture, on a
redemption date or maturity date money sufficient to pay all principal and interest payable on that
date with respect to the Securities (or portions thereof) to be redeemed or maturing, as the case
may be, and the Paying Agent is not prohibited from paying such money to the Securityholders on
that date pursuant to the terms of this Indenture, then on and after that date such Securities (or
portions thereof) cease to be outstanding and interest on them ceases to accrue.

          SECTION 2.9. Temporary Securities. Until Definitive Securities are ready for
delivery, the Company may prepare and the Trustee shall authenticate temporary Securities.
Temporary Securities shall be substantially in the form of Definitive Securities but may have
variations that the Company considers appropriate for temporary Securities. Without unreasonable
delay, the Company shall prepare and the Trustee shall authenticate Definitive Securities. After
the preparation of Definitive Securities, the temporary Securities shall be exchangeable for
Definitive Securities upon surrender of the temporary Securities at any office or agency maintained
by the Company for that purpose and such exchange shall be without charge to the Holder. Upon
surrender for cancellation of any one or more temporary Securities, the Company shall execute, and
the Trustee shall authenticate and deliver in exchange therefor, one or more Definitive Securities
representing an equal principal amount of Securities. Until so exchanged, the Holder of temporary
Securities shall in all respects be entitled to the same benefits under this Indenture as a holder
of Definitive Securities.

          SECTION 2.10. Cancellation. The Company at any time may deliver Securities to the
Trustee for cancellation. The Registrar and the Paying Agent shall forward to

-35-

 

the Trustee any Securities surrendered to them for registration of transfer, exchange or
payment. The Trustee and no one else shall cancel and dispose of (subject to the record retention
requirements of the Exchange Act) all Securities surrendered for registration of transfer,
exchange, payment or cancellation in accordance with its customary procedures and deliver a
certificate of such destruction to the Company. The Company may not issue new Securities to
replace Securities it has redeemed, paid or delivered to the Trustee for cancellation.

          SECTION 2.11. Defaulted Interest. If the Company defaults in a payment of interest on
the Securities, the Company shall pay defaulted interest (plus interest on such defaulted interest
to the extent lawful) in any lawful manner. The Company may pay the defaulted interest to the
persons who are Securityholders on a subsequent special record date. The Company shall fix or
cause to be fixed (or upon the Company’s failure to do so the Trustee shall fix) any such special
record date and payment date to the reasonable satisfaction of the Trustee which specified record
date shall not be less than 10 days prior to the payment date for such defaulted interest and shall
promptly mail or cause to be mailed to each Securityholder a notice that states the special record
date, the payment date and the amount of defaulted interest to be paid. The Company shall notify
the Trustee in writing of the amount of defaulted interest proposed to be paid on each Security and
the date of the proposed payment, and at the same time the Company shall deposit with the Trustee
an amount of money equal to the aggregate amount proposed to be paid in respect of such defaulted
interest or shall make arrangements satisfactory to the Trustee for such deposit prior to the date
of the proposed payment, such money when so deposited to be held in trust for the benefit of the
Person entitled to such defaulted interest as provided in this Section.

          SECTION 2.12. CUSIP Numbers. The Company in issuing the Securities may use “CUSIP”
numbers (if then generally in use) and, if so, the Trustee shall use “CUSIP” numbers in notices of
redemption 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 Securities or
as contained in any notice of a redemption and that reliance may be placed only on the other
identification numbers printed on the Securities, and any such redemption shall not be affected by
any defect in or omission of such numbers. The Company will promptly notify the Trustee in writing
of any change in the “CUSIP” numbers.

          SECTION 2.13. Issuance of Additional Securities. The Company shall be entitled to
issue Additional Securities under this Indenture that shall have identical terms as the Original
Securities, other than with respect to the date of issuance, issue price, and amount and accrual of
interest payable on the first Interest Payment Date applicable thereto (and, if such Additional
Securities shall be issued in the form of Transfer Restricted Securities, other than with respect
to transfer restrictions, any registration rights and the liquidated damages associated therewith);
provided that such issuance is not prohibited by Section 4.3. The Initial Securities and any
Additional Securities and all Exchange Securities shall be treated as a single class for all
purposes under this Indenture. Any Additional Securities issued under this Indenture will rank pari
passu in right of payment with the Original Securities.

-36-

 

          With respect to any Additional Securities, the Company shall set forth in a resolution of its
Board of Directors and in a written order of the Company, a copy of each of which shall be
delivered to the Trustee, the following information:

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

     (2) the issue price, the issue date, the CUSIP number of such Additional Securities,
the first interest payment date and the amount of interest payable on such first interest
payment date applicable thereto and the date from which interest shall accrue; and

     (3) whether such Additional Securities shall be Transfer Restricted Securities or
Registered Securities.

ARTICLE III

REDEMPTION

          SECTION 3.1. Notices to Trustee. If the Company elects to redeem Securities pursuant
to paragraph 5 of the Securities, it shall notify the Trustee in writing of the redemption date and
the principal amount of Securities to be redeemed.

          The Company shall give each notice to the Trustee provided for in this Section with respect to
redemptions pursuant to paragraph 5 of the Securities at least 60 days before the redemption date
unless the Trustee consents to a shorter period. Such notice shall be accompanied by an Officers’
Certificate from the Company to the effect that such redemption will comply with the conditions
herein. If fewer than all the Securities are to be redeemed, the record date relating to such
redemption shall be selected by the Company and set forth in the related notice given to the
Trustee, which record date shall be not less than 15 days after the date of such notice.

          SECTION 3.2. Selection of Securities To be Redeemed. If fewer than all the Securities
are to be redeemed, the Trustee shall select the Securities to be redeemed pro rata or by lot or by
a method that complies with applicable legal and securities exchange requirements, if any, and that
the Trustee considers fair and appropriate and in accordance with methods generally used at the
time of selection by fiduciaries in similar circumstances; provided, however, that if a partial
redemption is made with the proceeds of an Equity Offering, selection of the Securities or portion
thereof for redemption shall be made by the Trustee only on a pro rata basis, unless such method is
otherwise prohibited. The Trustee shall make the selection from outstanding Securities not
previously called for redemption. The Trustee may select for redemption portions of the principal
of Securities that have denominations larger than $1,000. Securities and portions of them the
Trustee selects shall be in amounts of $1,000 or a whole multiple of $1,000. Provisions of this
Indenture that apply to the entirety of Securities called for

-37-

 

redemption also apply to portions of Securities called for redemption. The Trustee shall
notify the Company promptly of the Securities or portions of Securities to be redeemed.

          SECTION 3.3. Notice of Redemption. In the case of a redemption pursuant to paragraph
5 of the Securities, at least 30 days but not more than 60 days prior to the date fixed for
redemption of Securities, the Company shall mail a notice of redemption by first-class mail,
postage prepaid, to each Holder of Securities to be redeemed at the last address for such Holder
then shown on the Registrar’s books. Each such notice shall identify the Securities to be redeemed
and shall state:

     (1) the redemption date;

     (2) the redemption price;

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

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

     (5) the paragraph or subparagraph of the Securities pursuant to which such redemption
is being made;

     (6) if fewer than all the outstanding Securities are to be redeemed, the identification
and principal amounts of the particular Securities to be redeemed;

     (7) that, unless the Company defaults in making such redemption payment or the Paying
Agent is prohibited from making such payment pursuant to the terms of this Indenture,
interest on Securities (or portion thereof) called for redemption ceases to accrue on and
after the redemption date;

     (8) the CUSIP number, if any, printed on the Securities being redeemed; and

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

          At the Company’s request at least seven days prior to the date on which such notice is to be
given (or such shorter period to which the Trustee may consent), the Trustee shall give the notice
of redemption in the Company’s name and at the Company’s expense. In such event, the Company shall
provide the Trustee with the information required by this Section.

          SECTION 3.4. Effect of Notice of Redemption. Once notice of redemption is mailed,
Securities called for redemption become due and payable on the redemption date and at the
redemption price stated in the notice. Upon surrender to the Paying Agent, such Securities shall
be paid at the redemption price stated in the notice, plus accrued interest to the redemption

-38-

 

date; provided that if the redemption date is after a regular record date and on or prior to
the interest payment date, the accrued interest shall be payable to the Securityholder of the
redeemed Securities registered on the relevant record date. Failure to give notice or any defect
in the notice to any Holder shall not affect the validity of the notice to any other Holder.

          SECTION 3.5. Deposit of Redemption Price. By at least 10:00 A.M. (New York City time)
on the date on which any principal of or interest on any Security is due and payable, the Company
shall deposit with the Paying Agent (or, if the Company or a Subsidiary is the Paying Agent, shall
segregate and hold in trust) money sufficient to pay the redemption price of and accrued interest
on all Securities to be redeemed on that date other than Securities or portions of Securities
called for redemption which are owned by the Company or a Subsidiary and have been delivered by the
Company or such Subsidiary to the Trustee for cancellation.

          If the Company complies with the preceding paragraph, then, unless the Company defaults in the
payment of such redemption price or the Paying Agent is prohibited from making such payment,
interest on the Securities to be redeemed will cease to accrue on and after the applicable
redemption date, whether or not such Securities are presented for payment.

          SECTION 3.6. Securities Redeemed in Part. Upon surrender of a Security that is
redeemed in part, the Company shall execute and the Trustee shall authenticate for the Holder (at
the Company’s expense) a new Security equal in a principal amount to the unredeemed portion of the
Security surrendered.

ARTICLE IV

COVENANTS

          SECTION 4.1. Payment of Securities. The Company shall promptly pay the principal of
(and premium, if any) and interest on the Securities on the dates and in the manner provided in the
Securities and in this Indenture. Principal (and premium, if any) and interest shall be considered
paid on the date due if on such date the Trustee or the Paying Agent holds in accordance with this
Indenture money sufficient to pay all principal (and premium, if any) and interest then due and the
Trustee or the Paying Agent, as the case may be, is not prohibited from paying such money to the
Securityholders on that date pursuant to the terms of this Indenture.

          The Company shall pay interest on overdue principal at the rate specified therefor in the
Securities, and it shall pay interest on overdue installments of interest at the same rate to the
extent lawful.

          Notwithstanding anything to the contrary contained in this Indenture, the Paying Agent may, to
the extent it is required to do so by law, deduct or withhold income or other similar taxes imposed
by the United States of America from principal or interest payments hereunder.

-39-

 

          SECTION 4.2. Limitation on Liens. The Company will not, and will not permit any of
its Restricted Subsidiaries to, create, incur, assume or suffer to exist any Liens (other than
Permitted Liens) of any kind against or upon any of their respective property or assets, or any
proceeds, income or profit therefrom which secure Senior Subordinated Indebtedness or Subordinated
Obligations (the “Initial Lien”), unless (i) in the case of Initial Liens securing
Subordinated Obligations, the Securities are secured by a Lien on such property, assets, proceeds,
income or profit that is senior in priority to such Initial Liens and (ii) in the case of Initial
Liens securing Senior Subordinated Indebtedness, the Securities are equally and ratably secured by
a Lien on such property, assets, proceeds, income or profit. Any such Lien thereby created in
favor of the Securities will be automatically and unconditionally released and discharged upon (a)
the release and discharge of the Initial Lien to which it relates, or (b) any sale, exchange or
transfer to any Person not an Affiliate of the Company of the property or assets secured by such
Initial Lien, or of all of the Capital Stock held by the Company or any Restricted Subsidiary of
the Company in, or all or substantially all the assets of, any Restricted Subsidiary of the Company
creating such Initial Lien.

          SECTION 4.3. Limitation on Incurrence of Additional Indebtedness. The Company will
not, and will not permit any of its Restricted Subsidiaries to, directly or indirectly, create,
incur, assume, guarantee, acquire, become liable, contingently or otherwise, with respect to, or
otherwise become responsible for payment of (collectively, “incur”) any Indebtedness (other
than Permitted Indebtedness); provided, however, that if no Default or Event of Default shall have
occurred and be continuing at the time or as a consequence of the incurrence of any such
Indebtedness, (i) the Company and any Restricted Subsidiary of the Company may incur Indebtedness
if on the date of the incurrence of such Indebtedness, after giving effect to the incurrence
thereof, the Consolidated Fixed Charge Coverage Ratio of the Company is greater than or equal to
2.0 to 1.0 and (ii) any Restricted Subsidiary of the Company may incur Indebtedness if on the date
of the incurrence of such Indebtedness, after giving effect to the incurrence thereof, the
Consolidated Fixed Charge Coverage Ratio of the Company is greater than or equal to 2.5 to 1.0; and
provided, further, that accrual of interest, the accretion of accreted value and the payment of
interest in the form of additional interest shall not be deemed an incurrence of Indebtedness for
purposes of this Section 4.3.

          For purposes of determining compliance with, and determining the outstanding principal amount
of any particular Indebtedness incurred pursuant to and in compliance with, this Section 4.3, (x)
any other Obligation of the obligor on such Indebtedness (or of any other Person who could have
incurred such Indebtedness under this Section 4.3) arising under any guarantee, Lien or letter of
credit, bankers’ acceptance or other similar instrument or obligation supporting such Indebtedness
shall be disregarded to the extent that such Guarantee, Lien or letter of credit, bankers’
acceptance or other similar instrument or obligation secures the principal amount of such
Indebtedness; (y) in the event that Indebtedness meets the criteria of more than one of the types
of Permitted Indebtedness, the Company, in its sole discretion, shall classify such item of
Indebtedness and may include the amount and type of such Indebtedness in one or more of such
clauses; and (z) the amount of Indebtedness issued at a price that is less than the principal

-40-

 

amount thereof shall be equal to the amount of the liability in respect thereof determined in
accordance with GAAP.

          For purposes of determining compliance with any Dollar-denominated restriction on the
incurrence of Indebtedness denominated in a foreign currency, the Dollar-equivalent principal
amount of such Indebtedness incurred pursuant thereto shall be calculated based on the relevant
currency exchange rate in effect on the date that such Indebtedness was incurred, in the case of
term Indebtedness, or first committed, in the case of revolving credit Indebtedness; provided that
(x) the Dollar-equivalent principal amount of any such Indebtedness outstanding on the Issue Date
shall be calculated based on the relevant currency exchange rate in effect on the Issue Date, (y)
if such Indebtedness is incurred to refinance other Indebtedness denominated in a foreign currency,
and such refinancing would cause the applicable Dollar-denominated restriction to be exceeded if
calculated at the relevant currency exchange rate in effect on the date of such refinancing, such
Dollar-denominated restriction shall be deemed not to have been exceeded so long as the principal
amount of such refinancing Indebtedness does not exceed the principal amount of such Indebtedness
being refinanced and (z) the Dollar-equivalent principal amount of Indebtedness denominated in a
foreign currency and incurred pursuant to the Credit Facility shall be calculated based on the
relevant currency exchange rate in effect on the date of such incurrence. The principal amount of
any Indebtedness incurred to refinance other Indebtedness, if incurred in a different currency from
the Indebtedness being refinanced, shall be calculated based on the currency exchange rate
applicable to the currencies in which such respective Indebtedness is denominated that is in effect
on the date of such refinancing.

          SECTION 4.4. Limitation on Restricted Payments. The Company will not, and will not
cause or permit any of its Restricted Subsidiaries to, directly or indirectly, (a) declare or pay
any dividend or make any distribution (other than dividends or distributions payable in Qualified
Capital Stock) on or in respect of shares of Capital Stock of the Company to holders of such
Capital Stock, (b) purchase, redeem or otherwise acquire or retire for value any Capital Stock of
the Company or any warrants, rights or options to purchase or acquire shares of any class of such
Capital Stock (but excluding any debt security that is convertible into, or exchangeable for,
Capital Stock), other than the exchange of such Capital Stock for Qualified Capital Stock, or (c)
make any Investment (other than Permitted Investments) in any other Person (each of the foregoing
actions set forth in clauses (a), (b) and (c) (other than the exceptions thereto) being referred to
as a “Restricted Payment”), if at the time of such Restricted Payment or immediately after
giving effect thereto, (i) a Default or an Event of Default shall have occurred and be continuing,
(ii) the Company is not able to incur at least $1.00 of additional Indebtedness (other than
Permitted Indebtedness) in compliance with Section 4.3 or (iii) the aggregate amount of Restricted
Payments made subsequent to the Issue Date shall exceed, without duplication, the sum of: (u) 50%
of the cumulative Consolidated Net Income (or if cumulative Consolidated Net Income shall be a
loss, minus 100% of such loss) of the Company earned during the period (treated as a single
accounting period) beginning on January 1, 1998, to the end of the most recent fiscal quarter
ending prior to the date of such Restricted Payment for which financial statements of the Company
are available (such period, the “Reference Period”);

-41-

 

plus (v) 100% of the aggregate net cash proceeds and the fair market value of property or
assets (as determined in good faith by the Board of Directors of the Company, whose determination
shall be conclusive) received by the Company from any Person (other than a Restricted Subsidiary of
the Company) from the issuance and sale after January 21, 1998 of Qualified Capital Stock of the
Company (including Capital Stock issued upon the conversion of convertible Indebtedness or in
exchange for outstanding Indebtedness but excluding proceeds (net cash proceeds, in the case of a
sale for cash) from the sale of Capital Stock to the extent used to repurchase or acquire shares of
Capital Stock of the Company pursuant to clause (2)(ii) of the next succeeding paragraph); plus (w)
100% of the aggregate net cash proceeds of any equity contribution received by the Company from a
holder of its Capital Stock (but excluding net cash proceeds from any equity contribution to the
extent used to repurchase or acquire shares of Capital Stock of the Company pursuant to clause
(2)(iii) of the next succeeding paragraph); plus (x) to the extent that any Investment (other than
a Permitted Investment) that was made after January 21, 1998 is sold or otherwise liquidated or
repaid, the lesser of (A) the cash and the fair market value of property or assets (as determined
in good faith by the Board of Directors of the Company, whose determination shall be conclusive)
received with respect to such sale, liquidation or repayment of such Investment (less the cost of
such sale, liquidation or repayment, if any) and (B) the initial amount of such Investment; plus
(y) the net cash proceeds and the fair market value of property or assets (as determined in good
faith by the Board of Directors of the Company, whose determination shall be conclusive) received
from the sale of Capital Stock in an Unrestricted Subsidiary (other than to the Company or any of
its Restricted Subsidiaries); plus (z) the aggregate amount equal to the net reduction in
Investments in Unrestricted Subsidiaries resulting from (A) dividends, distributions, interest
payments, return of capital, repayments of Investments or other transfers of assets to the Company
or any of its Restricted Subsidiaries from any Unrestricted Subsidiary, or (B) the redesignation of
any Unrestricted Subsidiary as a Restricted Subsidiary (valued in each case as provided in the
definition of “Investment”), not to exceed in this clause (z) in the case of any such
Unrestricted Subsidiary the aggregate amount of Investments (other than Permitted Investments) made
by the Company or any of its Restricted Subsidiaries in such Unrestricted Subsidiary after the
Issue Date. Any net cash proceeds included in the foregoing clause (iii)(v) or (iii)(w) shall not
be included in clause (x)(A) or clause (x)(B) of the definition of “Permitted Investments” to the
extent actually utilized to make a Restricted Payment under this paragraph.

          Notwithstanding the foregoing, the provisions set forth in the preceding paragraph do not
prohibit: (1) the payment of any dividend or the consummation of any irrevocable redemption within
60 days after the date of declaration of such dividend or notice of such redemption if the dividend
or payment of the redemption price, as the case may be, would have been permitted on the date of
declaration or notice; (2) if no Event of Default shall have occurred and be continuing as a
consequence thereof, the acquisition of any shares of capital stock of the Company (i) solely in
exchange for shares of Qualified Capital Stock of the Company, (ii) through the application of net
proceeds of a substantially concurrent sale (other than to a Subsidiary of the Company) of shares
of Qualified Capital Stock of the Company, or (iii) through the application of net cash proceeds of
a substantially concurrent equity contribution

-42-

 

received by the Company from a holder of its Capital Stock; (3) payments for the purpose of
and in an amount equal to the amount required to permit the Company to redeem or repurchase shares
of its capital stock or options, warrants or other rights in respect thereof, in each case in
connection with the repurchase provisions under employee stock option or stock purchase agreements
or other agreements to compensate management employees; provided that such redemptions or
repurchases pursuant to this clause (3) shall not exceed $50,000,000 in the aggregate after the
Issue Date (which amount shall be increased by the amount of any cash proceeds to the Company from
(x) sales of its Capital Stock or any options, warrants or other rights in respect thereof to
management employees subsequent to the Issue Date and (y) any “key man” life insurance policies
which are used to make such redemptions or repurchases); (4) the payment of fees and compensation
as permitted under clause (i) of Section 4.7(b); (5) so long as no Default or Event of Default
shall have occurred and be continuing, payments not to exceed $100,000 in the aggregate, to enable
the Company to make payments to holders of its capital stock in lieu of issuance of fractional
shares of its capital stock; (6) repurchases of capital stock deemed to occur upon the exercise of
stock options if such capital stock represents a portion of the exercise price thereof; (7) the
Company or any Restricted Subsidiary from making payments in respect of any redemption, repurchase,
acquisition, cancellation or other retirement for value of shares of capital stock of the Company
or options, stock appreciation or similar securities, in each case held by then current or former
officers, directors or employees of the Company or any of its Subsidiaries (or their estates or
beneficiaries under their estates) or by an employee benefit plan, upon death, disability,
retirement or termination of employment, not to exceed $50,000,000 in the aggregate after the Issue
Date; (8) other Restricted Payments (including loans or advances) in an aggregate amount
outstanding at any time not to exceed $150,000,000 (net of repayments of any such loans or
advances). In determining the aggregate amount of Restricted Payments made subsequent to the Issue
Date in accordance with clause (iii) of the immediately preceding paragraph, (a) the net amounts
expended (to the extent such expenditure is in the form of cash or other property other than
Qualified Capital Stock) pursuant to clauses (1), (3), (7) and (8) of this paragraph shall be
included in such calculation, provided that such expenditures pursuant to clause (3) shall not be
included to the extent of cash proceeds received by the Company from any “key man” life insurance
policies, and (b) the net amounts expended pursuant to clauses (2), (4), (5) and (6) shall be
excluded from such calculation.

          SECTION 4.5. Limitation on Dividend and Other Payment Restrictions Affecting
Subsidiaries. The Company will not, and will not permit any of its Restricted Subsidiaries to,
directly or indirectly, create or otherwise cause or permit to exist or become effective any
consensual encumbrance or restriction on the ability of any Restricted Subsidiary to (a) pay
dividends or make any other distributions on or in respect of its Capital Stock; (b) make loans or
advances or to pay any Indebtedness or other obligation owed to the Company or any other Restricted
Subsidiary of the Company; or (c) transfer any of its property or assets to the Company, except for
such encumbrances or restrictions existing under or by reason of: (1) applicable law; (2) this
Indenture; (3) any restriction or encumbrance (A) that restricts in a customary manner the
subletting, assignment or transfer of any property or asset that is subject to a lease, license or
similar contract, or the assignment or transfer of any lease, license or other

-43-

 

contract, (B) by virtue of any transfer of, agreement to transfer, option or right with
respect to, or Lien on, any property or assets of the Company or any of its Restricted Subsidiaries
not otherwise prohibited by this Indenture, (C) pursuant to customary provisions restricting
dispositions of real property interests set forth in any reciprocal easement agreements of the
Company or any of its Restricted Subsidiaries, (D) pursuant to Purchase Money Obligations that
impose encumbrances or restrictions on the property or assets so acquired, (E) on cash or other
deposits or net worth imposed by customers under agreements entered into in the ordinary course of
business, (F) pursuant to customary provisions contained in agreements and instruments entered into
in the ordinary course of business (including but not limited to leases and joint venture and other
similar agreements entered into in the ordinary course of business), (G) that arises or is agreed
to in the ordinary course of business and does not detract from the value of property or assets of
the Company or any of its Restricted Subsidiaries in any manner material to the Company or such
Restricted Subsidiary, or (H) pursuant to Currency Agreements or Interest Swap Obligations; (4) any
agreement or instrument of a Person, or relating to Indebtedness or Capital Stock of a Person,
which Person is acquired by or merged or consolidated with or into the Company or any of its
Restricted Subsidiaries, or which agreement or instrument is assumed by the Company or any of its
Restricted Subsidiaries in connection with an acquisition of assets from such Person, as in effect
at the time of such acquisition, merger or consolidation (except to the extent that such
Indebtedness was incurred to finance, or otherwise in connection with, such acquisition, merger or
consolidation); provided that for purposes of this clause (4), if another Person is the successor
company in such acquisition, merger or consolidation, any Subsidiary thereof or agreement or
instrument of such Person or any such Subsidiary shall be deemed acquired or assumed, as the case
may be, by the Company or any of its Restricted Subsidiaries, as the case may be, when such Person
becomes the successor company; (5) agreements existing on the Issue Date (including, without
limitation, the Credit Facility and any instrument governing the Existing Senior Notes or the
Existing Senior Subordinated Notes); (6) restrictions on the transfer of assets subject to any Lien
permitted under this Indenture imposed by the holder of such Lien; (7) restrictions imposed by any
agreement to sell assets permitted under this Indenture to any Person pending the closing of such
sale; (8) any agreement or instrument governing Capital Stock of any Person that is acquired after
the Issue Date; (9) Indebtedness or other contractual requirements of a Receivables Entity in
connection with a Qualified Receivables Transaction; provided that such restrictions apply only to
such Receivables Entity and such Restricted Subsidiary is engaged in the Qualified Receivables
Transaction; (10) any agreement or instrument (a “Refinancing Agreement”) effecting a
refinancing of Indebtedness incurred pursuant to, or that otherwise extends, renews, refunds,
refinances or replaces, an agreement or instrument referred to in clause (2), (4) or (5) of this
Section 4.5 or this clause (10) (an “Initial Agreement”) or contained in any amendment,
supplement or other modification to an Initial Agreement (an “Amendment”); provided,
however, that the encumbrances and restrictions contained in any such Refinancing Agreement or
Amendment are not materially less favorable to the Holders of the Securities taken as a whole than
encumbrances and restrictions contained in the Initial Agreement or Initial Agreements to which
such Refinancing Agreement or Amendment relates
(as determined in good faith by the Company); or
(11) any agreement or instrument relating to any Indebtedness permitted to be incurred subsequent
to the Issue Date

-44-

 

pursuant to Section 4.3 (A) if the encumbrances and restrictions contained in any such
agreement or instrument taken as a whole are not materially less favorable to the Holders of the
Securities than the encumbrances and restrictions (as determined in good faith by the Company)
contained in the Initial Agreements (other than Initial Agreements contemplated by clause (4)
above), or (B) if such encumbrance or restriction is not materially more disadvantageous to the
Holders of the Securities than is customary in comparable financings (as determined in good faith
by the Company) and the Company determines that such encumbrance or restriction will not materially
affect the Company’s ability to make principal or interest payments on the Securities.

          SECTION 4.6. Limitation on Asset Sales. (a) The Company will not, and will not
permit any of its Restricted Subsidiaries to, consummate an Asset Sale unless (i) the Company or
the applicable Restricted Subsidiary, as the case may be, receives consideration at the time of
such Asset Sale at least equal to the fair market value of the assets sold or otherwise disposed of
(as determined in good faith by the Company’s Board of Directors, whose determination shall be
conclusive); (ii) in the case of any Asset Sale (or series of Asset Sales) having a fair market
value (as determined in good faith by the Company’s Board of Directors, whose determination shall
be conclusive) of $25,000,000 or more, at least 75% of the consideration received by the Company or
such Restricted Subsidiary, as the case may be, from such Asset Sale shall be cash or Cash
Equivalents and is received at the time of such disposition; provided that the amount of (A) any
liabilities (as shown on the Company’s or such Restricted Subsidiary’s most recent balance sheet or
in the notes thereto) of the Company or such Restricted Subsidiary (other than liabilities that are
by their terms subordinated to the Securities) that are assumed by the transferee of any such
assets and from which the Company and its Restricted Subsidiaries are unconditionally released, (B)
any notes or other obligations received by the Company or such Restricted Subsidiary from such
transferee that are converted by the Company or such Restricted Subsidiary within 180 days of such
receipt into cash or Cash Equivalents (to the extent of the cash or Cash Equivalents received), (C)
any assumption of Indebtedness of the Company or any Restricted Subsidiary of the Company and the
release of the Company or such Restricted Subsidiary from all liability on payment of the principal
amount of such Indebtedness in connection with such Asset Sale, (D) any Indebtedness of any
Restricted Subsidiary of the Company that is no longer a Restricted Subsidiary of the Company as a
result of such Asset Sale, to the extent that the Company and each other Restricted Subsidiary of
the Company are released from any guarantee of payment of the principal amount of such Indebtedness
in connection with such Asset Sale, and (E) any Designated Non-Cash Consideration received by the
Company or any of its Restricted Subsidiaries from such transferee having an aggregate fair market
value (as determined in good faith by the Company’s Board of Directors, whose determination shall
be conclusive), taken together with all other Designated Non-Cash Consideration received pursuant
to this clause (E) then outstanding, not to exceed the greater of $50,000,000 and 2.5% of
Consolidated Total Assets at the time of receipt of such Designated Non-Cash Consideration (with
the fair market value of each item of Designated Non-Cash Consideration being measured at the time
received and without giving effect to subsequent changes in value) shall be deemed to be cash for
purposes of this provision; and (iii) upon the consummation of an Asset Sale, the Company shall
apply, or cause such Restricted Subsidiary to apply, the Net Cash Proceeds

-45-

 

relating to such Asset Sale within 365 days of receipt thereof either (A) to prepay Senior
Indebtedness and, in the case of any Senior Indebtedness under any revolving credit facility,
effect a permanent reduction in the availability under such revolving credit facility, (B) to
reinvest in Productive Assets, or (C) a combination of prepayment and investment permitted by the
foregoing clauses (iii)(A) and (iii)(B). On the 366th day after an Asset Sale or such earlier
date, if any, as the Board of Directors of the Company or of such Restricted Subsidiary determines
not to apply the Net Cash Proceeds relating to such Asset Sale as set forth in clauses (iii)(A),
(iii)(B) and (iii)(C) of the immediately preceding sentence (each, a “Net Proceeds Offer
Trigger Date”), such aggregate amount of Net Cash Proceeds which have not been applied on or
before such Net Proceeds Offer Trigger Date as permitted in clauses (iii)(A), (iii)(B) and (iii)(C)
of the immediately preceding sentence (each a “Net Proceeds Offer Amount”) shall be applied
by the Company or such Restricted Subsidiary to make an offer to purchase for cash (the “Net
Proceeds Offer”) on a date (the “Net Proceeds Offer Payment Date”) not less than 30 nor
more than 45 days following the applicable Net Proceeds Offer Trigger Date, from all Holders on a
pro rata basis at least that amount of Securities equal to the Note Offer Amount at a price in cash
equal to 100% of the principal amount of the Securities to be purchased, plus accrued and unpaid
interest thereon, if any, to the date of purchase; provided, however, that if at any time any
non-cash consideration received by the Company or any Restricted Subsidiary of the Company, as the
case may be, in connection with any Asset Sale is converted into or sold or otherwise disposed of
for cash (other than interest received with respect to any such non-cash consideration), then such
conversion or disposition shall be deemed to constitute an Asset Sale hereunder and the Net Cash
Proceeds thereof shall be applied in accordance with this Section 4.6. Any offer to purchase with
respect to Other Debt shall be made and consummated concurrently with any Net Proceeds Offer.

          “Other Debt” shall mean other Indebtedness of the Company that ranks pari passu with
the Securities and requires that an offer to purchase such Other Debt be made upon consummation of
an Asset Sale.

          “Note Offer Amount” means (i) if an offer to purchase Other Debt is not being made,
the amount of the Net Proceeds Offer Amount and (ii) if an offer to purchase Other Debt is being
made, an amount equal to the product of (x) the Net Proceeds Offer Amount and (y) a fraction the
numerator of which is the aggregate amount of Securities tendered pursuant to such offer to
purchase and the denominator of which is the aggregate amount of Securities and Other Debt tendered
pursuant to such offer to purchase.

          Notwithstanding the foregoing, if a Net Proceeds Offer Amount is less than $25,000,000, the
application of the Net Cash Proceeds constituting such Net Proceeds Offer Amount to a Net Proceeds
Offer may be deferred until such time as such Net Proceeds Offer Amount plus the aggregate amount
of all Net Proceeds Offer Amounts arising subsequent to the Net Proceeds Offer Trigger Date
relating to such initial Net Proceeds Offer Amount from all Asset Sales by the Company and its
Restricted Subsidiaries aggregates at least $25,000,000, at which time the Company or such
Restricted Subsidiary shall apply all Net Cash Proceeds

-46-

 

constituting all Net Proceeds Offer Amounts that have been so deferred to make a Net Proceeds
Offer (the first date on which the aggregate of all such deferred Net Proceeds Offer Amounts is
equal to $25,000,000 or more shall be deemed to be a “Net Proceeds Offer Trigger Date”).

          Notwithstanding the preceding paragraphs of this Section 4.6(a), the Company and its
Restricted Subsidiaries will be permitted to consummate an Asset Sale without complying with such
paragraphs to the extent (i) at least 75% of the consideration for such Asset Sale constitutes
Productive Assets and (ii) such Asset Sale is for at least fair market value (as determined in good
faith by the Company’s Board of Directors, whose determination shall be conclusive); provided that
any consideration not constituting Productive Assets received by the Company or any of its
Restricted Subsidiaries in connection with any Asset Sale permitted to be consummated under this
paragraph shall constitute Net Cash Proceeds and shall be subject to the provisions of the
preceding paragraphs; provided, that at the time of entering into such transaction or immediately
after giving effect thereto, no Default or Event of Default shall have occurred or be continuing or
would occur as a consequence thereof.

          (b) Each Net Proceeds Offer will be mailed to the record Holders as shown on the register of
Holders within 25 days following the Net Proceeds Offer Trigger Date, with a copy to the Trustee,
and shall comply with the procedures set forth in this Indenture. Upon receiving notice of the Net
Proceeds Offer, Holders may elect to tender their Securities in whole or in part in integral
multiples of $1,000 in exchange for cash. To the extent Holders properly tender securities in an
amount exceeding the Note Offer Amount, Securities of tendering Holders will be purchased on a pro
rata basis (based on amounts tendered). A Net Proceeds Offer shall remain open for a period of 20
Business Days or such longer period as may be required by law; provided, such period shall not be
less than the period with respect to any offer to purchase Other Debt being made concurrently with
such Net Proceeds Offer or terminate prior to any such period. To the extent that the aggregate
amount of Securities tendered pursuant to a Net Proceeds Offer is less than the Net Proceeds Offer
Amount, the Company may use any remaining Net Proceeds Offer Amount for general corporate purposes.
Upon completion of any such Net Proceeds Offer, the Net Proceeds Offer Amount shall be reset at
zero.

          (c) 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 such laws and regulations are
applicable in connection with the repurchase of Securities pursuant to a Net Proceeds Offer. To
the extent that the provisions of any securities laws or regulations conflict with this Section
4.6, the Company shall comply with the applicable securities laws and regulations and shall not be
deemed to have breached its obligations under this Section 4.6 by virtue thereof.

          SECTION 4.7. Limitation on Transactions with Affiliates. (a) The Company will not,
and will not permit any of its Restricted Subsidiaries to, directly or indirectly, enter into or
permit to exist any transaction or series of related transactions (including, without limitation,
the purchase, sale, lease or exchange of any property or the rendering of any service) with, or for

-47-

 

the benefit of, any of its Affiliates (an “Affiliate Transaction”), other than (x)
Affiliate Transactions permitted under paragraph (b) below and (y) Affiliate Transactions entered
into on terms that are fair and reasonable to, and in the best interests of, the Company or such
Restricted Subsidiary, as the case may be, as determined in good faith by the Company’s Board of
Directors; provided, however, that for a transaction or series of related transactions with an
aggregate value of $5,000,000 or more, at the Company’s option (i) such determination shall be made
in good faith by a majority of the disinterested members of the Board of the Directors of the
Company or (ii) the Board of Directors of the Company or any such Restricted Subsidiary party to
such Affiliate Transaction shall have received a favorable opinion from a nationally recognized
investment banking firm that such Affiliate Transaction is fair from a financial point of view to
the Company or such Restricted Subsidiary; provided, further, that for a transaction or series of
related transactions with an aggregate value of $25,000,000 or more, the Board of Directors of the
Company shall have received a favorable opinion from a nationally recognized investment banking
firm that such Affiliate Transaction is fair from a financial point of view to the Company or such
Restricted Subsidiary.

          (b) The foregoing restrictions shall not apply to (i) reasonable fees and compensation paid
to, and indemnity provided on behalf of, officers, directors, employees or consultants of the
Company or any Subsidiary of the Company as determined in good faith by the Company’s Board of
Directors; (ii) transactions exclusively between or among the Company and any of its Restricted
Subsidiaries or exclusively between or among such Restricted Subsidiaries, provided such
transactions are not otherwise prohibited by this Indenture; (iii) transactions effected as part of
a Qualified Receivables Transaction; (iv) any agreement as in effect as of the Issue Date or any
amendment thereto or any transaction contemplated thereby (including pursuant to any amendment
thereto) in any replacement agreement thereto so long as any such amendment or replacement
agreement is not more disadvantageous to the Holders in any material respect than the original
agreement as in effect on the Issue Date; (v) Restricted Payments permitted by this Indenture; (vi)
any Permitted Investment; (vii) transactions permitted by, and complying with, the provisions of
Section 5.1; (viii) any payment, issuance of securities or other payments, awards or grants, in
cash or otherwise, pursuant to, or the funding of, employment arrangements and Plans approved by
the Board of Directors of the Company; (ix) the grant of stock options or similar rights to
employees and directors of the Company and its Subsidiaries pursuant to Plans and employment
contracts approved by the Board of Directors of the Company; (x) loans or advances to officers,
directors or employees of the Company or its Restricted Subsidiaries not in excess of $5,000,000 at
any one time outstanding; (xi) the granting or performance of registration rights under a written
registration rights agreement approved by the Board of Directors of the Company; (xii) transactions
with Persons solely in their capacity as holders of Indebtedness or Capital Stock of the Company or
any of its Restricted Subsidiaries, where such Persons are treated no more favorably than holders
of Indebtedness or Capital Stock of the Company or such Restricted Subsidiary generally; and (xiii)
any agreement to do any of the foregoing.

-48-

 

          SECTION 4.8. Change of Control. (a) Upon the occurrence of a Change of Control
Triggering Event, each Holder will have the right to require that the Company purchase for cash all
or a portion of such Holder’s Securities pursuant to the offer described below (the “Change of
Control Offer”), at a purchase price in cash equal to 101% of the principal amount thereof plus
accrued interest to the date of purchase, provided that the Company shall not be obligated to
repurchase the Securities pursuant to this Section 4.8 in the event that the Company has exercised
the right to redeem all of the Securities as described in paragraph 5 of the Securities. In the
event that, at the time of such Change of Control Triggering Event, the terms of the Bank
Indebtedness restrict or prohibit the repurchase of the Securities pursuant to this Section 4.8,
prior to the mailing of the notice referred to below, but in any event within 30 days following the
date the Company obtains actual knowledge of any Change of Control Triggering Event (unless the
Company has exercised its right to redeem all the Securities as described in paragraph 5 of the
Securities), the Company shall (a) repay in full and terminate all commitments under the Bank
Indebtedness or offer to repay in full and terminate all commitments under all Bank Indebtedness
and to repay the Bank Indebtedness owed to each holder of Bank Indebtedness which has accepted such
offer or (b) obtain the requisite consents under the Credit Facility to permit the repurchase of
the Securities as provided below. The Company shall first comply with the covenant in the
immediately preceding sentence before it shall be required to repurchase Securities pursuant to the
provisions described below. The Company’s failure to comply with this Section 4.8 shall constitute
an Event of Default under Section 6.1(4) and not under 6.1(2).

          (b) The Company shall disclose the occurrence of any Change of Control Triggering Event by
issuing a press release and filing a Form 8-K with the Commission. Within 30 days following the
date the Company obtains actual knowledge that a Change of Control Triggering Event has occurred,
the Company must send, by first class mail, a notice to each Holder, with a copy to the Trustee,
stating: (1) that a Change of Control Triggering Event has occurred or may occur and that such
Holder has, or upon such occurrence will have, the right to require the Company to purchase such
Holder’s Securities at a purchase price in cash equal to 101% of the principal amount thereof, plus
accrued and unpaid interest, if any, to the date of purchase (subject to the right of Holders of
record on a record date to receive interest on the relevant interest payment date); (2) the
circumstances and relevant facts and financial information regarding such Change of Control
Triggering Event; (3) the repurchase date (which shall be no earlier than 30 days nor later than 60
days from the date such notice is mailed) (the “Change of Control Payment Date”); (4) the
instructions determined by the Company, consistent with this Section 4.8, that a Holder must follow
in order to have its Securities purchased; and (5) if such notice is mailed prior to the occurrence
of a Change of Control Triggering Event, that such offer is conditioned on the occurrence of such
Change of Control Triggering Event. Holders of the Securities electing to have a Security
purchased pursuant to a Change of Control Offer are required to surrender the Security, with the
form entitled “Option of Holder to Elect Purchase” on the reverse of the Security completed, to the
Paying Agent at the address specified in the notice prior to the close of business on the third
business day prior to the Change of Control Payment Date.

-49-

 

          (c) 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 such laws and regulations are
applicable in connection with the repurchase of Securities pursuant to a Change of Control Offer.
To the extent that the provisions of any securities laws or regulations conflict with this Section
4.8, the Company shall comply with the applicable securities laws and regulations and shall not be
deemed to have breached its obligations under this Section 4.8 by virtue thereof.

          SECTION 4.9. Prohibition on Incurrence of Senior Subordinated Debt. Neither the
Company nor any Subsidiary Guarantor will incur or suffer to exist Indebtedness that is senior in
right of payment to the Securities or such Subsidiary Guarantor’s Guarantee and subordinate in
right of payment to any Senior Indebtedness of the Company or such Subsidiary Guarantor, as the
case may be.

          SECTION 4.10. Limitation on Preferred Stock of Subsidiaries. The Company will not
permit any of its Restricted Subsidiaries to issue any Preferred Stock (other than to the Company
or to a Restricted Subsidiary of the Company) or permit any Person (other than the Company or a
Restricted Subsidiary of the Company) to own any Preferred Stock of any Restricted Subsidiary of
the Company.

          SECTION 4.11. Limitation on Guarantees by Restricted Subsidiaries. The Company will
not permit any of its Restricted Subsidiaries, directly or indirectly, to guarantee the payment of
any Indebtedness of the Company, other than guarantees of Indebtedness incurred pursuant to the
Credit Facility (but only if such guarantees are permitted by clause (ii) of Section 4.3 or
constitute Permitted Indebtedness), unless such Restricted Subsidiary, the Company and the Trustee
execute and deliver a supplemental indenture evidencing such Restricted Subsidiary’s guarantee of
the Securities (a “Guarantee”), such Guarantee to be a senior subordinated unsecured
obligation of such Restricted Subsidiary; provided that if (w) any Subsidiary Guarantor is released
from its guarantee with respect to Indebtedness outstanding under the Credit Facility or other
Indebtedness the guarantee of which gave rise to the obligation to enter into its Guarantee; (x)
the Company or any of its Restricted Subsidiaries sells or otherwise disposes (by merger or
otherwise) of any Subsidiary Guarantor in accordance with this Indenture, following which such
Subsidiary Guarantor is no longer a Restricted Subsidiary, (y) any Subsidiary Guarantor merges or
consolidates with and into the Company or another Subsidiary Guarantor that is the surviving Person
of such merger or consolidation, or (z) any Subsidiary Guarantor becomes an Unrestricted
Subsidiary, such Subsidiary Guarantor shall automatically be released from its obligations as a
Subsidiary Guarantor. Neither the Company nor any such Subsidiary Guarantor shall be required to
make a notation on the Securities to reflect any such Guarantee. Nothing in this Section 4.11
shall be construed to permit any Restricted Subsidiary of the Company to incur Indebtedness
otherwise prohibited by Section 4.3.

          The supplemental indenture evidencing each Guarantee will provide that the obligations of each
Subsidiary Guarantor under its Guarantee will be limited to the maximum

-50-

 

amount, as will, after giving effect to all other contingent and fixed liabilities of such
Subsidiary Guarantor, result in the obligations of such Subsidiary Guarantor under its Guarantee
not constituting a fraudulent conveyance or fraudulent transfer under applicable law, or being void
or unenforceable under any law relating to insolvency of debtors.

          SECTION 4.12. Conduct of Business. The Company and its Restricted Subsidiaries will
not engage in any businesses which are not the same as, or similar, related or ancillary to, the
businesses in which the Company and its Restricted Subsidiaries are engaged on the Issue Date.

          SECTION 4.13. Maintenance of Office or Agency. The Company shall maintain the office
or agency required under Section 2.3. The Company shall give prior 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 address of the Trustee set forth in Section 11.2.

          SECTION 4.14. Corporate Existence. Except as otherwise permitted by Article V, the
Company shall do or cause to be done, at its own cost and expense, all things necessary to preserve
and keep in full force and effect its corporate existence and the corporate existence of each of
its Restricted Subsidiaries in accordance with the respective organizational documents of each such
Restricted Subsidiary and the material rights (charter and statutory) and franchises of the Company
and each such Restricted Subsidiary; provided, however, that the Company shall not be required to
preserve, with respect to itself, any material right or franchise and, with respect to any of its
Restricted Subsidiaries, any such existence, material right or franchise, if the Board of Directors
of the Company shall determine in good faith that the preservation thereof is no longer desirable
in the conduct of the business of the Company and the Subsidiaries, taken as a whole.

          SECTION 4.15. Payment of Taxes and Other Claims. The Company shall pay or discharge
or cause to be paid or discharged, before the same shall become delinquent, (i) all material taxes,
assessments and governmental charges (including withholding taxes and any penalties, interest and
additions to taxes) levied or imposed upon it or any of its Restricted Subsidiaries or properties
of it or any of its Restricted Subsidiaries and (ii) any lawful claims for labor, materials and
supplies that, if unpaid, might by law become a Lien upon the property of it or any of its
Restricted Subsidiaries; provided, however, that the Company shall not be required to pay or
discharge or cause to be paid or discharged any such tax, assessment, charge or claim whose amount,
applicability or validity is being contested in good faith by appropriate proceedings properly
instituted and diligently conducted for which adequate reserves, to the extent required under GAAP,
have been taken.

          SECTION 4.16. Maintenance of Properties and Insurance. (a) The Company shall, and
shall cause each of its Restricted Subsidiaries to, maintain its material properties in good
working order and condition (subject to ordinary wear and tear) and make all necessary

-51-

 

repairs, renewals, replacements, additions, betterments and improvements thereto and actively
conduct and carry on its business; provided, however, that nothing in this Section 4.16 shall
prevent the Company or any of its Restricted Subsidiaries from discontinuing the operation and
maintenance of any of its properties, if such discontinuance is, in the good faith judgment of the
Company or the Restricted Subsidiary, as the case may be, desirable in the conduct of their
respective businesses and is not disadvantageous in any material respect to the Holders.

          (b) The Company shall provide or cause to be provided, for itself and each of its Restricted
Subsidiaries, insurance (including appropriate self-insurance) against loss or damage of the kinds
that, in the good faith judgment of the Company, are adequate and appropriate for the conduct of
the business of the Company and such Restricted Subsidiaries of the Company in a prudent manner,
with reputable insurers or with the government of the United States of America or any agency or
instrumentality thereof, in such amounts, with such deductibles, and by such methods as shall be
customary, in the good faith judgment of the Company, for companies similarly situated in the
industry.

          SECTION 4.17. Compliance With Laws. The Company shall comply, and shall cause each of
its Restricted Subsidiaries to comply, with all applicable statutes, rules, regulations, orders and
restrictions of the United States of America, all states and municipalities thereof, and of any
governmental department, commission, board, regulatory authority, bureau, agency and
instrumentality of the foregoing, in respect of the conduct of their respective businesses and the
ownership of their respective properties, except for such noncompliances as are not in the
aggregate reasonably likely to have a material adverse effect on the financial condition or results
of operations of the Company and its Subsidiaries, taken as a whole.

          SECTION 4.18. Additional Information. The Company will deliver to the Trustee within
15 days after the filing of the same with the Commission, 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 Commission 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, the Company will file with the Commission, to the extent permitted, and provide the
Trustee and Holders with such annual reports and such information, documents and other reports
specified in Sections 13 and 15(d) of the Exchange Act. The Company will also comply with the
other provisions of TIA Section 314(a).

          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
conclusively rely exclusively on Officers’ Certificates).

-52-

 

          SECTION 4.19. Further Instruments and Acts. Upon request of the Trustee, the Company
will execute and deliver such further instruments and do such further acts as may be reasonably
necessary or proper to carry out more effectively the purpose of this Indenture.

          SECTION 4.20. Effect of Credit Rating on Certain Covenants. The Company’s obligation
to comply with the covenants set forth in Sections 4.3, 4.4, 4.5, 4.6, 4.7, 4.9, 4.10, 4.11, 4.12
and Section 5.1(a)(ii) hereof shall be suspended (and the failure of the Company to comply with
such covenants shall not constitute an Event of Default pursuant to Section 6.1 hereof) at any time
when, but only for so long as, the Company has a Minimum Rating from either S&P or Moody’s.
Notwithstanding the foregoing, in the event that the suspended covenants have not been terminated
and the Company’s credit rating has been downgraded from a Minimum Rating, the suspended covenants
shall be reinstated in full force and effect. On the first date on which the Company has a Minimum
Rating from both S&P and Moody’s, the covenants of the Company set forth in Sections 4.3, 4.4, 4.5,
4.6, 4.7, 4.9, 4.10, 4.11, 4.12 and Section 5.1(a)(ii) hereof shall cease to apply to the Company
as of and at all times after such date, regardless of whether the Company fails to maintain a
Minimum Rating from either S&P or Moody’s thereafter.

ARTICLE V

SUCCESSOR COMPANY

          SECTION 5.1. When Company May Merge or Transfer Assets. (a) The Company will not, in
a single transaction or a series of related transactions, consolidate with or merge with or into,
or sell, assign, transfer, lease, convey or otherwise dispose of all or substantially all of its
assets to, another Person or Persons unless:

     (i) either (A) the Company shall be the survivor of such merger or consolidation or (B)
the surviving Person is a corporation existing under the laws of the United States, any
state thereof or the District of Columbia and such surviving Person shall expressly assume
all the obligations of the Company under the Securities and this Indenture;

     (ii) immediately after giving effect to such transaction (on a pro forma basis,
including any Indebtedness incurred or anticipated to be incurred in connection with such
transaction and the other adjustments referred to in the definition of “Consolidated Fixed
Charge Coverage Ratio”), either (A) the Company or the surviving Person is able to incur at
least $1.00 of additional Indebtedness (other than Permitted Indebtedness) in compliance
with Section 4.3 or (B) the Consolidated Fixed Coverage Ratio would be greater than it was
immediately prior to such transaction;

     (iii) immediately after giving effect to such transaction (including any Indebtedness
incurred or anticipated to be incurred in connection with the transaction), no Default or
Event of Default shall have occurred and be continuing; and

-53-

 

     (iv) the Company has delivered to the Trustee an Officers’ Certificate and Opinion of
Counsel, each stating that such consolidation, merger or transfer complies with this
Indenture, that the surviving Person agrees to be bound thereby and by the Securities, and
that all conditions precedent in this Indenture relating to such transaction have been
satisfied.

For purposes of the foregoing, the transfer (by lease, assignment, sale or otherwise, in a single
transaction or series of transactions) of all or substantially all of the properties and assets of
one or more Subsidiaries of the Company, the Capital Stock of which constitutes all or
substantially all of the properties and assets of the Company, shall be deemed to be the transfer
of all or substantially all of the properties and assets of the Company. Notwithstanding the
foregoing clauses (ii) and (iii) above, (a) any Restricted Subsidiary of the Company may
consolidate with, merge into or transfer all or part of its properties and assets to the Company
and (b) the Company may merge with an Affiliate that is (x) a corporation that has no material
assets or liabilities and which was incorporated solely for the purpose of reincorporating the
Company in another jurisdiction or (y) a Restricted Subsidiary of the Company so long as all assets
of the Company and the Restricted Subsidiaries immediately prior to such transaction are owned by
such Restricted Subsidiary and its Restricted Subsidiaries immediately after the consummation
thereof.

          (b) Upon any consolidation, combination or merger or any transfer of all or substantially all
of the assets of the Company in accordance with the foregoing, the surviving entity shall succeed
to, and be substituted for, and may exercise every right and power of, the Company under this
Indenture and the Securities with the same effect as if such surviving entity had been named as
such.

ARTICLE VI

DEFAULTS AND REMEDIES

          SECTION 6.1. Events of Default. An “Event of Default” occurs if:

     (1) the Company defaults in any payment of interest (including liquidated damages, if
any, under the Registration Rights Agreement) on any Security when the same becomes due and
payable, whether or not such payment shall be prohibited by Article X, and such default
continues for a period of 30 days;

     (2) the Company defaults in the payment of the principal of any Security when the same
becomes due and payable at its Stated Maturity, upon redemption or otherwise (including the
failure to make a payment to purchase Securities tendered, pursuant to a Change of Control
Offer or a Net Proceeds Offer), whether or not such payment shall be prohibited by Article
X;

-54-

 

     (3) the Company defaults in the observance or performance of the covenant set forth in
Section 5.1;

     (4) the Company defaults in the observance or performance of any other covenant or
agreement contained in this Indenture, which default continues for a period of 30 days after
the Company receives written notice specifying the default (and demanding that such default
be remedied) from the Trustee or the Holders of at least 25% of the outstanding principal
amount of the Securities;

     (5) the Company fails to pay at final maturity (giving effect to any applicable grace
periods and any extensions thereof) the principal amount of any Indebtedness of the Company
or any Restricted Subsidiary (other than a Receivables Entity) of the Company, or the
acceleration of the final stated maturity of any such Indebtedness if the aggregate
principal amount of such Indebtedness, together with the principal amount of any other such
Indebtedness in default or failure to pay principal at final maturity or which has been
accelerated, aggregates $40,000,000 or more at any time;

     (6) one or more judgments in an aggregate amount in excess of $40,000,000 shall have
been rendered against the Company or any of its Significant Subsidiaries and such judgments
remain undischarged, unpaid or unstayed for a period of 60 days after such judgment or
judgments become final and non-appealable, and in the event such judgment is covered by
insurance, an enforcement proceeding has been commenced by any creditor upon such judgment
which is not promptly stayed;

     (7) the Company or a Significant Subsidiary pursuant to or within the meaning of any
Bankruptcy Law:

     (A) commences a voluntary case or proceeding;

     (B) consents to the entry of judgment, decree or order for relief against it in
an involuntary case or proceeding;

     (C) consents to the appointment of a Custodian of it or for any substantial
part of its property;

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

     (E) consents to or acquiesces in the institution of a bankruptcy or an
insolvency proceeding against it; or

     (F) takes any corporate action to authorize or effect any of the foregoing;

or takes any comparable action under any foreign laws relating to insolvency; or

-55-

 

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

     (A) is for relief against the Company or any Significant Subsidiary in an
involuntary case;

     (B) appoints a Custodian of the Company or any Significant Subsidiary or for
any substantial part of its property; or

     (C) orders the winding up or liquidation of the Company or any Significant
Subsidiary;

or any similar relief is granted under any foreign laws and the order, decree or relief
remains unstayed and in effect for 60 days.

          The foregoing will constitute Events of Default whatever the reason for any such Event of
Default and whether it is voluntary or involuntary or is effected by operation of law or pursuant
any judgment, decree or order of any to court or any order, rule or regulation of any
administrative or governmental body.

          The term “Bankruptcy Law” means Title 11, United States Code, or any similar Federal
or state law for the relief of debtors. The term “Custodian” means any receiver, trustee,
assignee, liquidator, custodian or similar official under any Bankruptcy Law.

          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 of Default.

          SECTION 6.2. Acceleration. (a) If an Event of Default (other than an Event of
Default specified in 6.1(7) or (8) with respect to the Company) occurs and is continuing, the
Trustee or the Holders of at least 25% in principal amount of outstanding Securities may declare
the principal of and accrued interest on all the Securities to be due and payable by notice in
writing to the Company and the Trustee specifying the respective Event of Default and that it is a
“notice of acceleration”, and the same shall become immediately due and payable.

          (b) If an Event of Default specified in Sections 6.1(7) and (8) with respect to the Company
occurs and is continuing, then the principal of and accrued interest on all the Securities shall
ipso facto become and be immediately due and payable without any declaration or other act on the
part of the Trustee or any holder of Securities.

          (c) At any time after a declaration of acceleration with respect to the Securities as
described in Section 6.2(a) or (b) above, the Holders of a majority in principal amount of the
Securities may rescind and cancel such declaration and its consequences (i) if the rescission would
not conflict with any judgment or decree, (ii) if all existing Events of Default have been cured or
waived except nonpayment of principal or interest that has become due solely

-56-

 

because of the acceleration, (iii) to the extent the payment of such interest is lawful,
interest on overdue installments of interest and overdue principal, which has become due otherwise
than by such declaration of acceleration, has been paid, (iv) if the Company has paid the Trustee
its reasonable compensation and reimbursed the Trustee for its expenses, disbursements and advances
and (v) in the event of the cure or waiver of an Event of Default of the type described in Section
6.1(6), (7) or (8), the Trustee shall have received an Officers’ Certificate and an Opinion of
Counsel that such Event of Default has been cured or waived.

          SECTION 6.3. Other Remedies. If an Event of Default occurs and is continuing, the
Trustee may pursue any available remedy to collect the payment of principal of or interest on the
Securities or to enforce the performance of any provision of the Securities or this Indenture.

          The Trustee may maintain a proceeding even if it does not possess any of the Securities or
does not produce any of them in the proceeding. A delay or omission by the Trustee or any
Securityholder 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. No remedy
is exclusive of any other remedy. All available remedies are cumulative.

          SECTION 6.4. Waiver of Past Defaults. Subject to Sections 6.7 and 9.2, the holders of
a majority in principal amount of the Securities may waive any existing Default or Event of Default
under this Indenture, and its consequences, except (i) a default in the payment of the principal of
or interest on any Securities or (ii) a Default or Event of Default in respect of a provision that
under Section 9.2 cannot be amended without the consent of each Securityholder affected. When a
Default or Event of Default is waived, it is deemed cured, but no such waiver shall extend to any
subsequent or other Default or Event of Default or impair any consequent right. This paragraph of
this Section 6.4 shall be in lieu of § 316(a)(1)(B) of the TIA and such § 316(a)(1)(B) of the TIA
is hereby expressly excluded from this Indenture and the Securities, as permitted by the TIA.

          Upon any such waiver, such Default shall cease to exist and be deemed to have been cured and
not to have occurred, and any Event of Default arising therefrom shall be deemed to have been cured
and not to have occurred for every purpose of this Indenture and the Securities, but no such waiver
shall extend to any subsequent or other Default or impair any right consequent thereon.

          SECTION 6.5. Control by Majority. The Holders of a majority in principal amount of
the Securities may direct the time, method and place of conducting any proceeding for any remedy
available to the Trustee or of exercising any trust or power conferred on the Trustee. However,
the Trustee may refuse to follow any direction that conflicts with law or this Indenture or,
subject to Section 7.1, that the Trustee determines is unduly prejudicial to the rights of other
Securityholders or would involve the Trustee in personal liability; provided, however, that the
Trustee may take any other action deemed proper by the Trustee that is not inconsistent with such
direction. Prior to taking any action hereunder, the Trustee shall be entitled to

-57-

 

indemnification satisfactory to it in its sole discretion against all losses and expenses
caused by taking or not taking such action. This Section 6.5 shall be in lieu of § 316(a)(1)(A) of
the TIA, and such § 316(a)(1)(A) of the TIA is hereby expressly excluded from this Indenture and
the Securities, as permitted by the TIA.

          SECTION 6.6. Limitation on Suits. A Securityholder may not pursue any remedy with
respect to this Indenture or the Securities unless:

     (1) the Holder gives to the Trustee written notice stating that an Event of Default is
continuing;

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

     (3) such Holder or Holders offer to the Trustee security or indemnity reasonably
satisfactory to it against any loss, liability or expense;

     (4) the Trustee does not comply with the request within 45 days after receipt of the
request and the offer of security or indemnity; and

     (5) the Holders of a majority in principal amount of the Securities do not give the
Trustee a direction inconsistent with the request during such 45-day period.

          A Securityholder may not use this Indenture to prejudice the rights of another Securityholder
or to obtain a preference or priority over another Securityholder (it being understood that the
Trustee does not have an affirmative duty to ascertain whether or not such actions or forbearances
are unduly prejudicial to such Securityholders).

          SECTION 6.7. Rights of Holders to Receive Payment. Notwithstanding any other
provision of this Indenture, the right of any Holder to receive payment of principal of and
interest on the Securities held by such Holder, on or after the respective due dates expressed in
the Securities, or to bring suit for the enforcement of any such payment on or after such
respective dates, shall not be impaired or affected without the consent of such Holder.

          SECTION 6.8. Collection Suit by Trustee. If an Event of Default specified in Section
6.1(1) or (2) occurs and is continuing, the Trustee may recover judgment in its own name and as
trustee of an express trust against the Company for the whole amount then due and owing (together
with interest on any unpaid interest to the extent lawful) and the amounts provided for in Section
7.7.

          SECTION 6.9. Trustee May File Proofs of Claim. The Trustee may 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 and the Securityholders allowed in any judicial proceedings relative to the Company,
its Subsidiaries or their respective creditors or properties and, unless prohibited by

-58-

 

law or applicable regulations, may vote on behalf of the Holders in any election of a trustee
in bankruptcy or other Person performing similar functions, and any Custodian in any such judicial
proceeding is hereby authorized by each Holder to make payments to the Trustee and, in the event
that the Trustee shall consent to the making of such payments directly to the Holders, to pay to
the Trustee any amount due it for the reasonable compensation, expenses, disbursements and advances
of the Trustee, its agents and its counsel, and any other amounts due the Trustee under Section
7.7.

          SECTION 6.10. Priorities. If the Trustee collects any money or property pursuant to
this Article VI, it shall pay out the money or property in the following order:

     FIRST: to the Trustee for amounts due under Section 7.7;

     SECOND: to holders of Senior Indebtedness to the extent required by Article X;

     THIRD: to Securityholders for amounts due and unpaid on the Securities for principal
and interest, ratably, without preference or priority of any kind, according to the amounts
due and payable on the Securities for principal and interest, respectively; and

     FOURTH: to the Company or any other obligors on the Securities as their interests may
appear, or as a court of competent jurisdiction may direct.

          The Trustee may fix a record date and payment date for any payment to Securityholders pursuant
to this Section. At least 15 days before such record date, the Trustee shall mail to each
Securityholder and the Company a notice that states the record date, the payment date and amount to
be paid.

          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 Trustee, a court in its discretion may require the filing by any party litigant in the suit
of an undertaking to pay the costs of the suit, and the court in its discretion may assess
reasonable costs, including reasonable attorneys’ fees, against any party litigant in the suit,
having due regard to the merits and good faith of the claims or defenses made by the party
litigant. This Section does not apply to a suit by the Trustee, a suit by a Holder pursuant to
Section 6.7 or a suit by Holders of more than 10% in outstanding principal amount of the
Securities.

ARTICLE VII

TRUSTEE

          SECTION 7.1. Duties of Trustee. (a) If an Event of Default has occurred and is
continuing, the Trustee shall exercise the rights and powers vested in it by this Indenture and

-59-

 

use the same degree of care and skill in their 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 (other than in the case of clause (2)
below the Events of Default specified therein):

     (1) the Trustee undertakes to perform such duties and only such duties as are
specifically set forth in this Indenture and no implied covenants or obligations shall be
read into this Indenture against the Trustee; and

     (2) in the absence of bad faith on its part, the Trustee may conclusively rely, as to
the truth of the statements and the correctness of the opinions expressed therein, upon
certificates or opinions furnished to the Trustee and conforming to the requirements of this
Indenture, including any such certificates or opinions furnished in connection with an Event
of Default under Section 6.1(3), (4) or (6). However, 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) Every provision of this Indenture that in any way relates to the Trustee is subject to
paragraphs (a) and (b) of this Section.

          (d) 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.

          (e) Money held in trust by the Trustee need not be segregated from other funds except to the
extent required by law.

          (f) No provision of this Indenture shall require the Trustee to expend or risk its own funds
or otherwise incur any liability in the performance of any of its duties hereunder or in the
exercise of any of its rights or powers, if it shall have reasonable grounds to believe that
repayment of such funds or adequate indemnity against such risk or liability is not reasonably
assured to it.

          (g) Every provision of this Indenture relating to the conduct or affecting the liability of or
affording protection to the Trustee shall be subject to the provisions of this Section and to the
provisions of the TIA.

          SECTION 7.2. Rights of Trustee. (a) The Trustee may conclusively rely on any
document believed by it to be genuine and to have been signed or presented by the proper person.
The Trustee need not investigate any fact or matter stated in the document.

-60-

 

          (b) Before the Trustee acts or refrains from acting, it may require an Officers’ Certificate
or an Opinion of Counsel. The Trustee shall not be liable for any action it takes or omits to take
in good faith in reliance on the Officers’ Certificate or Opinion of Counsel.

          (c) The Trustee may act through agents and shall not be responsible for the misconduct or
negligence of any agent appointed with due care.

          (d) The Trustee shall not be liable for any action it takes or omits to take in good faith
which it believes to be authorized or within its rights or powers; provided, however, that the
Trustee’s conduct does not constitute willful misconduct or negligence.

          (e) The Trustee may consult with counsel of its selection, and the advice or opinion of
counsel with respect to legal matters relating to this Indenture and the Securities shall be full
and complete authorization and protection from liability in respect to any action taken, omitted or
suffered by it hereunder in good faith and in accordance with the advice or opinion of such
counsel.

          (f) The Trustee shall not be deemed to have notice of any Default or Event of Default unless a
Trust 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 Securities and this Indenture.

          (g) 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 to each agent, custodian and
other Person employed to act hereunder.

          (h) 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.

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

          (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.

-61-

 

          (k) The Trustee may request that the Company deliver an Officers’ Certificate setting forth
the names of individuals and/or titles of officers authorized at such time to take specified
actions pursuant to this Indenture, which Officers’ Certificate may be signed by any person
authorized to sign an Officers’ Certificate, including any person specified as so authorized in any
such certificate previously delivered and not superseded.

          SECTION 7.3. Individual Rights of Trustee. The Trustee in its individual or any other
capacity may become the owner or pledgee of Securities and may otherwise deal with the Company or
its Affiliates with the same rights it would have if it were not Trustee. Any Paying Agent,
Registrar, co-registrar or co-paying agent may do the same with like rights. However, the Trustee
must comply with Sections 7.10 and 7.11.

          SECTION 7.4. Trustee’s Disclaimer. The Trustee shall not be responsible for and makes
no representation as to the validity or adequacy of this Indenture or the Securities, it shall not
be accountable for the Company’s use of the proceeds from the Securities, and it shall not be
responsible for the Company’s authorization to issue the Securities, or any statement of the
Company in this Indenture, the Offering Memorandum or in any document issued in connection with the
sale of the Securities or in the Securities other than the Trustee’s certificate of authentication.

          SECTION 7.5. Notice of Defaults. If a Default or Event of Default occurs and is
continuing the Trustee shall mail to each Securityholder notice of the Default or Event of Default
within 30 days after it occurs. Except in the case of a Default or Event of Default in payment of
principal of or interest on any Security (including payments pursuant to the optional redemption or
required repurchase provisions of such Security, if any), the Trustee may withhold the notice if
and so long as its board of directors, the Executive Committee of its board of directors or a
committee of its Trust Officers in good faith determines that withholding the notice is in the
interests of Securityholders.

          SECTION 7.6. Reports by Trustee to Holders. As promptly as practicable after each May
15 beginning with the May 15 following the date of this Indenture, and in any event prior to July
15 in each year, the Trustee shall mail to each Securityholder a brief report dated as of such May
15 that complies with TIA Section 313(a) if such a report is required by that section. The Trustee
also shall comply with TIA Section 313(b). The Trustee shall also transmit by mail all reports
required by TIA Section 313(c).

          A copy of each report at the time of its mailing to Securityholders shall be filed with the
Commission if required by law and each stock exchange (if any) on which the Securities are listed.
The Company agrees to notify promptly the Trustee whenever the Securities become listed on any
stock exchange and of any delisting thereof.

          SECTION 7.7. Compensation and Indemnity. The Company shall pay to the Trustee from
time to time such compensation for its services as the parties shall agree in writing from time to
time. The Trustee’s compensation shall not be limited by any law on compensation

-62-

 

of a trustee of an express trust. The Company shall reimburse the Trustee upon request for
all reasonable out-of-pocket expenses incurred or made by it, including costs of collection, costs
of preparing and reviewing reports, certificates and other documents, costs of preparation and
mailing-of notices to Securityholders and reasonable costs of counsel retained by the Trustee in
connection with the delivery of an Opinion of Counsel or otherwise, in addition to the compensation
for its services. Such expenses shall include the reasonable compensation and expenses, fees,
disbursements and advances of the Trustee’s agents, counsel, accountants and experts. The Company
shall indemnify the Trustee from and against any and all loss, liability, damage, claim or expense
(including reasonable attorneys’ fees and expenses) incurred by it in connection with the
administration of this trust and the performance of its duties hereunder, including the costs and
expenses of enforcing this Indenture (including this Section 7.7) and of defending itself against
any claims (whether asserted by any Securityholder, the Company or otherwise). The Trustee shall
notify the Company promptly of any claim for which it may seek indemnity. Failure by the Trustee
to so notify the Company shall not relieve the Company of its obligations hereunder. The Company
shall defend the claim and the Trustee may have separate counsel and the Company shall pay the fees
and expenses of such counsel. The Company need not reimburse any expense or indemnify against any
loss, liability, damage, claim or expense incurred by the Trustee through the Trustee’s own willful
misconduct, negligence or bad faith.

          To secure the Company’s payment obligations in this Section, the Trustee shall have a lien
prior to the Securities on all money or property held or collected by the Trustee other than money
or property held in trust to pay principal of and interest on particular Securities. The Trustee’s
right to receive payment of any amounts due under this Section 7.7 shall not be subordinate to any
other liability or indebtedness of the Company.

          The Company’s payment obligations pursuant to this Section shall survive the discharge of this
Indenture. When the Trustee incurs expenses after the occurrence of a Default specified in Section
6.1(7) or (8) with respect to the Company, the expenses are intended to constitute expenses of
administration under any Bankruptcy Law.

          SECTION 7.8. Replacement of Trustee. The Trustee may resign at any time by so
notifying the Company. The Holders of a majority in principal amount of the securities may remove
the Trustee by so notifying the Trustee and may appoint a successor Trustee. The Company shall
remove the Trustee if:

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

     (2) the Trustee is adjudged bankrupt or insolvent;

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

     (4) the Trustee otherwise becomes incapable of acting.

-63-

 

          If the Trustee resigns or is removed by the Company or by the Holders of a majority in
principal amount of the Securities and such Holders do not reasonably promptly appoint a successor
Trustee, 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.

          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
Securityholders. The retiring Trustee shall promptly transfer all property held by it as Trustee
to the successor Trustee, subject to the lien provided for in Section 7.7.

          If a successor Trustee does not take office within 60 days after the retiring Trustee resigns
or is removed, the retiring Trustee or the Holders of 10% in principal amount of the Securities may
petition any court of competent jurisdiction for the appointment of a successor Trustee.

          If the Trustee fails to comply with Section 7.10, any Securityholder may petition any court of
competent jurisdiction for the removal of the Trustee and the appointment of a successor Trustee.

          Notwithstanding the replacement of the Trustee pursuant to this Section, the Company’s
obligations under Section 7.7 shall continue for the benefit of the retiring Trustee.

          SECTION 7.9. Successor Trustee by Merger. If the Trustee consolidates with, merges or
converts into, or transfers all or substantially all its corporate trust business or assets to,
another corporation or banking association, the resulting, surviving or transferee corporation
without any further act shall be the successor Trustee.

          In case at the time such successor or successors by merger, conversion, consolidation or
transfer to the Trustee shall succeed to the trusts created by this Indenture, any of the
Securities shall have been authenticated but not delivered, any such successor to the Trustee may
adopt the certificate of authentication of any predecessor trustee, and deliver such Securities so
authenticated; and in case at that time any of the Securities shall not have been authenticated, an
successor to the Trustee may authenticate such Securities either in the name of an predecessor
hereunder or in the name of the successor to the Trustee; and in all such cases such certificates
shall have the full force which it is anywhere in the Securities or in this Indenture provided that
the certificate of the Trustee shall have.

          SECTION 7.10. Eligibility; Disqualification. The Trustee shall at all times satisfy
the requirements of TIA Section 310(a). The Trustee shall have a combined capital and surplus of
at least $50,000,000 as set forth in its most recent published annual report of condition. The
Trustee shall comply with TIA Section 310(b); provided, however, that there

-64-

 

shall be excluded from the operation of TIA Section 310(b)(1) any indenture or indentures
under which other securities or certificates of interest or participation in other securities of
the Company are outstanding if the requirements for such exclusion set forth in TIA Section
310(b)(1) are met.

          SECTION 7.11. Preferential Collection of Claims Against Company. The Trustee shall
comply with TIA Section 311(a), excluding an creditor relationship listed in TIA Section 311(b). A
Trustee who has resigned or been removed shall be subject to TIA Section 311(a) to the extent
indicated.

ARTICLE VIII

DISCHARGE OF INDENTURE; DEFEASANCE

          SECTION 8.1. Discharge of Liability on Securities. (a) The Company may terminate its
obligations under the Securities and this Indenture, except those obligations referred to in
Section 8.1(b), if all Securities previously authenticated and delivered (other than destroyed,
lost or stolen Securities which have been replaced or paid or Securities for whose payment money
has theretofore been deposited with the Trustee or the Paying Agent in trust or segregated and held
in trust by the Company and thereafter repaid to the Company, as provided in Section 8.5) have been
delivered to the Trustee for cancellation and the Company has paid all sums payable by it
hereunder, or if:

     (i) either (A) pursuant to Article III, the Company shall have given notice to the
Trustee and mailed a notice of redemption to each Holder of the redemption of all of the
Securities under arrangements satisfactory to the Trustee for the giving of such notice or
(B) all Securities have otherwise become due and payable hereunder or (C) all Securities
will become due and payable at their stated maturity within one year or are to be called for
redemption within one year under arrangements reasonably satisfactory to the Trustee for the
giving of notice of redemption by the Trustee in the name, and at the expense, of the
Company;

     (ii) the Company shall have irrevocably deposited or caused to be deposited with the
Trustee or a trustee satisfactory to the Trustee, under the terms of an irrevocable trust
agreement in form and substance satisfactory to the Trustee, as trust funds in trust solely
for the benefit of the Holders for that purpose, money in such amount as is sufficient
without consideration of reinvestment of such money, to pay principal of, premium on, if
any, and interest on the outstanding Securities to maturity or redemption, as the case may
be; provided that the Trustee shall have been irrevocably instructed to apply such money to
the payment of said principal, premium, if any, and interest with respect to the Securities
and, provided, further, that from and after the time of deposit, the money deposited shall
not be subject to the rights of holders of Senior Indebtedness pursuant to the provisions of
Article X;

-65-

 

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

     (iv) the Company shall have paid all other sums payable by it hereunder; and

     (v) the Company shall have delivered to the Trustee an Officers’ Certificate and an
Opinion of Counsel, each stating that all conditions precedent providing for the termination
of the Company’s obligations under the Securities and this Indenture have been satisfied.
Such Opinion of Counsel shall also state that such satisfaction and discharge does not
result in a default under the Credit Facility (if then in effect) or any other material
agreement or instrument then known to such counsel that binds or affects the Company.

          (b) Notwithstanding the foregoing paragraph, the Company’s obligations in Sections 2.2, 2.5,
2.6, 2.7, 2.8, 4.1, 4.13, 4.14, 4.15, 4.17, 7.7, 8.4, 8.5 and 8.6 shall survive until the
Securities are no longer outstanding pursuant to the last paragraph of Section 2.8. After the
Securities are no longer outstanding, the Company’s obligations in Sections 7.7, 8.4, 8.5 and 8.6
shall survive.

          After such delivery or irrevocable deposit, the Trustee upon request shall acknowledge in
writing the discharge of the Company’s obligations under the Securities and this Indenture except
for those surviving obligations specified above.

          SECTION 8.2. Legal Defeasance and Covenant Defeasance. (a) The Company may, at its
option by Board Resolution of the Board of Directors of the Company, at any time, elect to have
either paragraph (b) or (c) below be applied to all outstanding Securities upon compliance with the
conditions set forth in Section 8.3.

          (b) Upon the Company’s exercise under paragraph (a) hereof of the option applicable to this
paragraph (b), the Company shall, subject to the satisfaction of the conditions set forth in
Section 8.3, be deemed to have been discharged from its obligations with respect to all outstanding
Securities on the date the conditions-set forth below are satisfied (hereinafter, “Legal
Defeasance”). For this purpose, Legal Defeasance means that the Company shall be deemed to
have paid and discharged the entire Indebtedness represented by the outstanding Securities, which
shall thereafter be deemed to be “outstanding” only for the purposes of Section 8.4 hereof and the
other Sections of this Indenture referred to in (i) through (iv) below, and to have satisfied all
its other obligations under such Securities and this Indenture (and the Trustee, on demand of and
at the expense of the Company, shall execute proper instruments acknowledging the same), and the
following provisions shall survive until otherwise terminated or discharged hereunder: (i) the
rights of Holders of outstanding Securities to receive solely from the trust fund described in
Sections 8.3 and 8.4 hereof, and as more fully set forth in such

-66-

 

Sections, payments in respect of the principal of (and premium, if any, on) and interest on
such Securities when such payments are due, (ii) the Company’s obligations with respect to such
Securities under Article II and Section 4.13 hereof, (iii) the rights, powers, trusts, duties and
immunities of the Trustee hereunder and the Company’s obligations in connection therewith and (iv)
this Article VIII. The Holders of the Securities and any amounts deposited under Section 8.3
hereof shall cease to be subject to any obligations to, or the rights of, any holder of Senior
Indebtedness or Guarantor Senior Indebtedness under Article X or otherwise. Subject to compliance
with this Article VIII, the Company may exercise its option under this paragraph (b)
notwithstanding the prior exercise of its option under paragraph (c) hereof.

          (c) Upon the Company’s exercise under paragraph (a) hereof of the option applicable to this
paragraph (c), the Company shall, subject to the satisfaction of the conditions set forth in
section 8.3 hereof, be released from its obligations under the covenants contained in Sections 4.2
through 4.12 and Article V hereof with respect to the outstanding Securities on and after the date
the conditions set forth below are satisfied (hereinafter, “Covenant Defeasance”), and the
Securities 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 Securities shall not be deemed outstanding for accounting purposes) and
Holders of the Securities and any amounts deposited under Sections 8.3 and 8.4 hereof shall cease
to be subject to any obligations to, or the rights of, any holder of Senior Indebtedness under
Article X or otherwise. For this purpose, such Covenant Defeasance means that, with respect to the
outstanding Securities, 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 any reason of any
reference in any such covenant to any other provision herein or in any other document and such
omission to comply shall not constitute a Default or an Event of Default under Section 6.1(3)
hereof, but, except as specified above, the remainder of this Indenture and such Securities shall
be unaffected thereby.

          SECTION 8.3. Conditions to Defeasance. The Company may exercise its Legal Defeasance
option or its Covenant Defeasance option only if:

     (1) the Company irrevocably deposits with the Trustee, in trust, for the benefit of the
holders of the Securities cash in U.S. dollars, non-callable U.S. Government Obligations, or
a combination thereof, in such amounts as will be sufficient, in the opinion of a nationally
recognized firm of independent public accountants expressed in a written certification
thereof delivered to the Trustee, to pay the principal of, premium, if any, and interest on
the Securities on the stated date for payment thereof or on the applicable redemption date,
as the case may be; provided that the Trustee shall have received an irrevocable written
order from the Company instructing the Trustee to apply such cash in U.S. dollars or the
proceeds of such U.S. Government Obligations to said payments with respect to the
Securities;

-67-

 

     (2) in the case of a Legal Defeasance, the Company shall have delivered to the Trustee
an Opinion of Counsel in the United States reasonably acceptable to the Trustee confirming
that (i) the Company has received from, or there has been published by, the Internal Revenue
Service a ruling, or (ii) since the date of this Indenture there has been a change in the
applicable Federal income tax law, in either case to the effect that, and based thereon such
Opinion of Counsel shall confirm that, the Securityholders will not recognize income, gain
or loss for Federal income tax purposes as a result of such 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;

     (3) in the case of a Covenant Defeasance, the Company shall have delivered to the
Trustee an Opinion of Counsel in the United States reasonably acceptable to the Trustee
confirming that the Securityholders 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;

     (4) no Default or Event of Default or event which with notice or lapse of time or both
would become a Default or an Event of Default with respect to the Securities shall have
occurred and be continuing on the date of such deposit (other than a Default or Event of
Default with respect to this Indenture resulting from the incurrence of Indebtedness, all or
a portion of which will be used to defease the Securities concurrently with such incurrence)
or insofar as Sections 6.1(7) and 6.1(8) hereof are concerned, at any time in the period
ending on the 91st day after the date of such deposit;

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

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

     (7) the Company delivers to the Trustee an Officers’ Certificate and an Opinion of
Counsel, each stating that all conditions precedent to the defeasance and discharge of the
Securities and this Indenture as contemplated by this Article VIII have been complied with;

     (8) the Company shall have delivered to the Trustee an Opinion of Counsel to the effect
that (A) the trust funds will not be subject to any rights of holders of Indebtedness of the
Company other than the Securities and (B) assuming no intervening

-68-

 

bankruptcy of the Company between the date of deposit and the 91st day following the
deposit and that no Holder is an insider of the Company, after the 91st day following the
deposit, the trust funds will not be subject to the effect of an applicable bankruptcy
insolvency, reorganization or similar laws affecting creditors’ rights generally; and

     (9) the Company delivers to the Trustee an Opinion of Counsel to the effect that the
trust resulting from the deposit does not constitute, or is qualified as, a regulated
investment company under the Investment Company Act of 1940.

          Before or after a deposit, the Company may make arrangements satisfactory to the Trustee for
the redemption of Securities at a future date in accordance with Article III.

          SECTION 8.4. Application of Trust Money. The Trustee or Paying Agent shall hold in
trust U.S. Legal Tender or U.S. Government Obligations deposited with it pursuant to this Article
VIII, and shall apply the deposited U.S. Legal Tender and the money from U.S. Government
Obligations in accordance with this Indenture to the payment of principal of, premium, if any, and
interest on the Securities. The Trustee shall be under no Obligation to invest said U.S. Legal
Tender or U.S. Government obligations except as it may agree with the Company.

          The Company shall pay and indemnify the Trustee against any tax, fee or other charge imposed
on or assessed against the U.S. Legal Tender or U.S. Government Obligations deposited pursuant to
Section 8.3 hereof or the principal, premium, if any, 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 Securities.

          Anything in this Article VIII to the contrary notwithstanding, the Trustee shall deliver or
pay to the Company from time to time upon the Company’s request any U.S. Legal Tender or U.S.
Government Obligations held by it as provided in Section 8.3 hereof which, in the opinion of a
nationally recognized firm of independent public accountants expressed in a written certification
thereof delivered to the Trustee, 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 8.5. Repayment to Company. Subject to this Article VIII, the Trustee and the
Paying Agent shall promptly pay to the Company, upon request any excess U.S. Legal Tender or U.S.
Government Obligations held by them at any time and thereupon shall be relieved from all liability
with respect to such money. The Trustee and the Paying Agent shall pay to the Company upon request
any money held by them for the payment of principal or interest that remains unclaimed for two
years; provided that the Trustee or such Paying Agent, before being required to make any payment,
may at the expense of the Company cause to be published once in a newspaper of general circulation
in the City of New York or mail to each Holder entitled to such money notice that such money
remains unclaimed and that after a date specified therein which shall be at least 30 days from the
date of such publication or mailing any

-69-

 

unclaimed balance of such money then remaining will be repaid to the Company. After payment
to the Company, Holders entitled to such money must look to the Company for payment as general
creditors unless an applicable law designates another Person.

          SECTION 8.6. Reinstatement. If the Trustee or Paying Agent is unable to apply any
U.S. Legal Tender or U.S. Government Obligations in accordance with this Article VIII by reason of
any legal proceeding or by reason of any order or judgment of any court or governmental authority
enjoining, restraining or otherwise prohibiting such application, the Company’s obligations under
this Indenture and the Securities shall be revived and reinstated as though no deposit had occurred
pursuant to this Article VIII until such time as the Trustee or Paying Agent is permitted to apply
all such U.S. Legal Tender or U.S. Government Obligations in accordance with this Article VIII;
provided that if the Company has made any payment of interest on or principal of any Securities
because of the reinstatement of its obligations, the Company shall be subrogated to the rights of
the Holders of such Securities to receive such payment from the U.S. Legal Tender or U.S.
Government Obligations held by the Trustee or Paying Agent.

ARTICLE IX

AMENDMENTS

          SECTION 9.1. Without Consent of Holders. The Company and the Trustee may amend this
Indenture or the Securities without notice to or consent of any Securityholder:

     (1) to cure any ambiguity, omission, defect or inconsistency; provided that such
amendment does not in the opinion of the Trustee, adversely affect the rights of any Holder
in any material respect;

     (2) to comply with Article V or to provide for the assumption by a successor of the
obligations of a Subsidiary Guarantor;

     (3) to provide for uncertificated Securities in addition to or in place of certificated
Securities; provided, however, that the uncertificated Securities are issued in registered
form for purposes of Section 163(f) of the Code or in a manner such that the uncertificated
Securities are described in Section 163(f)(2)(B) of the Code;

     (4) to make any change in Article X that would limit or terminate the benefits
available to any holder of Senior Indebtedness (or Representatives therefor) under Article
X;

     (5) to add Guarantees with respect to the Securities or to secure the Securities;

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

-70-

 

     (7) to comply with any requirements of the Commission in connection with qualifying
this Indenture under the TIA;

     (8) to make any change that does not adversely affect the rights of any Securityholder;

     (9) to provide for the issuance of the Exchange Securities, which will have terms
substantially identical in all material respects to the Initial Securities (except that the
transfer restrictions contained in the Initial Securities and provisions relating to an
increase in interest rates in the event the Securities are not registered under the
Securities Act will be modified or eliminated, as appropriate), and which will be treated
together with any outstanding Initial Securities, as a single issue of securities;

     (10) to secure the Securities pursuant to the requirements of Section 4.2 or otherwise;

     (11) to confirm and evidence the release, termination or discharge of any Guarantee or
Lien with respect to or securing the Securities when such release, termination or discharge
is provided for under this Indenture;

     (12) to provide for or confirm the issuance of Additional Notes (subject to compliance
with Section 4.3); or

     (13) to provide that any Indebtedness that becomes or will become an obligation of a
successor company or a Subsidiary Guarantor pursuant to a transaction governed by the
provisions of Section 5.1 (and that is not a Subordinated Obligation) is Senior Subordinated
Indebtedness for purposes of this Indenture;

provided, however, that the Company has delivered to the Trustee an Opinion of Counsel stating that
such amendment or supplement complies with the provisions of this Section 9.1.

          SECTION 9.2. With Consent of Holders. Subject to Section 6.7, the Company, when
authorized by a resolution of its Board of Directors, and the Trustee may amend or supplement this
Indenture or the Securities with the written consent of the Holders of a majority in principal
amount of the outstanding Securities. Subject to Section 6.7, the Holders of a majority in
principal amount of the outstanding Securities may waive compliance by the Company with any
provision of this Indenture or the Securities. However, without the consent of the Holder of each
Security affected, an amendment, supplement or waiver, including a waiver pursuant to Section 6.4,
may not:

     (1) reduce the amount of Securities whose Holders must consent to an amendment;

-71-

 

     (2) reduce the rate of or change or have the effect of changing the time for payment of
interest, including defaulted interest, on any Security;

     (3) reduce the principal of or change or have the effect of changing the Stated
Maturity of any Security, or change the date on which any Securities may be subject to
redemption or repurchase, or reduce the redemption or repurchase price therefor;

     (4) make any Security payable in money other than that stated in the Security;

     (5) make an change in provisions of this Indenture protecting the right of each Holder
to receive payment of principal of, premium, if any, and interest on such Security on or
after the due date thereof or to bring suit to enforce such payment or permitting holders of
a majority in principal amount of the Securities to waive Defaults or Events of Default
(other than Defaults or Events of Default with respect to the payment of principal of,
premium, if any, or interest on the Securities);

     (6) amend, change or modify in any material respect the obligation of the Company to
make and consummate a Change of Control Offer or make and consummate a Net Proceeds Offer
with respect to any Asset Sale that has been consummated or modify any of the provisions or
definitions with respect thereto; or

     (7) modify Article X or the definitions used in Article X of this Indenture to
adversely affect the Holders in any material respect.

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

          An amendment under this Section may not make any change that adversely affects the rights
under Article X of any holder of Senior Indebtedness then outstanding unless the holders of such
Senior Indebtedness (or any group or representative thereof authorized to give a consent) consent
to such change.

          After an amendment under this Section becomes effective, the Company shall mail to
Securityholders a notice briefly describing such amendment. The failure to give such notice to all
Securityholders, or any defect therein, shall not impair or affect the validity of an amendment
under this Section.

          SECTION 9.3. Compliance With Trust Indenture Act. Every amendment to this Indenture
or the Securities shall comply with the Trust Indenture Act of 1939, as amended as then in effect.

          SECTION 9.4. Revocation and Effect of Consents and Waivers. A consent to an amendment
or a waiver by a Holder of a Security shall bind the Holder and every subsequent

-72-

 

Holder of that Security or portion of the Security that evidences the same debt as the
consenting Holder’s Security, even if notation of the consent or waiver is not made on the
Security. However, any such Holder or subsequent Holder may revoke the consent or waiver as to
such Holder’s Security or portion of the Security if the Trustee receives the notice of revocation
before the date the amendment or waiver becomes effective. After an amendment or waiver becomes
effective, it shall bind every Securityholder, unless it makes a change described in any of clauses
(1) through (7) of Section 9.2, in which case, the amendment or waiver shall bind only each
Securityholder who has consented to it and every subsequent Holder of a Security or portion of a
Security that evidences the same debt as the consenting Holder; provided that any such waiver shall
not impair or affect the right of any Holder to receive payment of principal of, premium, if any,
and interest on a Security, on or after the respective due dates expressed in such Security, or to
bring suit for the enforcement of any such payment on or after such respective dates without the
consent of such Holder.

          The Company may, but shall not be obligated to, fix a record date for the purpose of
determining the Securityholders entitled to give their consent or take any other action described
above or required or permitted to be taken pursuant to this Indenture. If a record date is fixed,
then notwithstanding the immediately preceding paragraph, those Persons who were Securityholders at
such record date (or their duly designated proxies), and only those Persons, shall be entitled to
give such consent or to revoke any consent previously given or to take any such action, whether or
not such Persons continue to be Holders after such record date. No such consent shall become valid
or effective more than 120 days after such record date.

          SECTION 9.5. Notation or Exchange of Securities. If an amendment changes the terms of
a Security, the Trustee may require the Holder of the Security to deliver it to the Trustee. The
Trustee may place an appropriate notation on the Security regarding the changed terms and return it
to the Holder. Alternatively, if the Company or the Trustee so determines, the Company in exchange
for the Security shall issue and the Trustee shall authenticate a new Security that reflects the
changed terms. Failure to make the appropriate notation or to issue a new Security shall not
affect the validity of such amendment.

          SECTION 9.6. Trustee to Sign Amendments. The Trustee shall sign any amendment
authorized pursuant to this Article IX if the amendment does not adversely affect the rights,
duties, liabilities or immunities of the Trustee. If it does, the Trustee may but need not sign
it. In signing such amendment the Trustee shall be entitled to receive indemnity reasonably
satisfactory to it and to receive, and (subject to Section 7.1) shall be fully protected in
conclusively relying upon, an Officers’ Certificate and an Opinion of Counsel stating that such
amendment is authorized or permitted by this Indenture.

-73-

 

ARTICLE X

SUBORDINATION

          SECTION 10.1. Agreement to Subordinate. The Company agrees, and each Securityholder
by accepting a Security agrees, that the Indebtedness evidenced by the Securities is subordinated
in right of payment, to the extent and in the manner provided in this Article X, to the prior
payment of all Senior Indebtedness and that the subordination is for the benefit of and enforceable
by the holders of Senior Indebtedness. The Securities will also be effectively subordinated to any
Secured Indebtedness of the Company to the extent of the value of the assets securing such
Indebtedness, and to all existing and future obligations of the Company’s Subsidiaries. The
Securities shall in all respects rank pari passu with all other Senior Subordinated Indebtedness of
the Company and only Indebtedness of the Company which is Senior Indebtedness will rank senior to
the Securities in accordance with the provisions set forth herein. All provisions of this Article
X shall be subject to Section 10.12.

          SECTION 10.2. Liquidation, Dissolution, Bankruptcy. Upon any payment or distribution
of the assets or securities of the Company to creditors upon a total or partial liquidation or
dissolution or reorganization or similar proceeding of the Company or in a bankruptcy,
reorganization, insolvency, receivership or similar proceeding relating to the Company or its
properties, or in an assignment for the benefit of creditors or any marshalling of the assets and
liabilities of the Company, whether voluntary or involuntary:

     (1) holders of Senior Indebtedness shall be entitled to receive payment in full in cash
or Cash Equivalents of all Senior Indebtedness before Securityholders shall be entitled to
receive any payment of principal of, premium, if any, or interest on or other amounts with
respect to the Securities; and

     (2) until the Senior Indebtedness is paid in full in cash or Cash Equivalents, any
payment or distribution to which Securityholders would be entitled but for this Article X
shall be made to holders of Senior Indebtedness as their interests may appear.

          SECTION 10.3. Default on Senior Indebtedness. The Company may not pay principal of,
premium (if any) or interest on, or any other amount in respect of, the Securities or make any
deposit pursuant to Article VIII and may not otherwise purchase, redeem or otherwise retire any
Securities (collectively, “pay the Securities”) if any amount due in respect of any Senior
Indebtedness (including, without limitation any amount due as a result of acceleration of the
maturity thereof by reason of default or otherwise) has not been paid in full in cash or Cash
Equivalents unless the default has been cured or waived and any such acceleration has been
rescinded or such Senior Indebtedness has been paid in full in cash or Cash Equivalents. However,
the Company may pay the Securities without regard to the foregoing if the Company and the Trustee
receive written notice approving such payment from the Representative of the holders of the
Designated Senior Indebtedness with respect to which the events set forth in the immediately
preceding sentence have occurred and are continuing.

-74-

 

          In addition, during the continuance of any default (other than a payment default described in
the first sentence of the immediately preceding paragraph) with respect to any Designated Senior
Indebtedness pursuant to which the maturity thereof may be accelerated immediately without further
notice (except such notice as may be required to effect such acceleration) or the expiration of any
applicable grace periods, the Company may not pay the Securities for a period (a “Payment
Blockage Period”) commencing upon the receipt by the Trustee (with a copy to the Company) of
written notice (a “Blockage Notice”) of such default from the Representative of the holders
of such Designated Senior Indebtedness specifying an election to effect a Payment Blockage Period
and ending 179 days thereafter (or earlier if such Payment Blockage Period is terminated (i) by
written notice to the Trustee and the Company from the Person or Persons who gave such Blockage
Notice, (ii) because the default giving rise to such Blockage Notice and all other defaults with
respect to such Designated Senior Indebtedness shall have been cured or shall have ceased to exist
or (iii) because such Designated Senior Indebtedness has been discharged or repaid in full in cash
or Cash Equivalents).

          Notwithstanding the provisions described in the immediately preceding paragraph, unless any
payment default described in the first sentence of the second immediately preceding paragraph has
occurred and is then continuing, the Company may resume payments on the Securities after the end of
such Payment Blockage Period, including any missed payments. Not more than one Blockage Notice may
be given in any consecutive 360-day period, irrespective of the number of defaults with respect to
Designated Senior Indebtedness during such period. However, if any Blockage Notice within such
360-day period is given by or on behalf of any holders of Designated Senior Indebtedness other than
the Bank Indebtedness, a Representative of holders of Bank Indebtedness may give another Blockage
Notice within such period. In no event, however, may the total number of days during which any
Payment Blockage Period or Periods is in effect exceed 179 days in the aggregate during any 360
consecutive day period, and there must be a 181 consecutive day period during any 360 consecutive
day period which no Payment Blockage Period is in effect.

          SECTION 10.4. Acceleration of Payment of Securities. If payment of the Securities is
accelerated because of an Event of Default, the Company shall promptly notify the holders of the
Designated Senior Indebtedness or the Representative of such holders of the acceleration and
provide copies of such notices to the Trustee.

          If any Designated Senior Indebtedness is outstanding at the time of such acceleration, the
Company may not pay the Securities until the earlier of five Business Days after the holder or
Representative of such Designated Senior Indebtedness receives notice of such acceleration or the
date of acceleration of such Designated Senior Indebtedness and, thereafter, may pay the Securities
only if this Article X otherwise permits payments at that time.

          SECTION 10.5. When Distribution Must Be Paid Over. If a payment or distribution is
made to Securityholders that because of this Article X should not have been made

-75-

 

to them, the Securityholders who receive the distribution shall hold it in trust for holders
of Senior Indebtedness and promptly pay it over to them as their respective interests may appear.

             SECTION 10.6. Subrogation. After all Senior Indebtedness is paid in full in cash and
until the Securities are paid in full, Securityholders shall be subrogated to the rights of holders
of Senior Indebtedness to receive distributions applicable to Senior Indebtedness. A distribution
made under this Article X to holders of Senior Indebtedness which otherwise would have been made to
Securityholders is not, as between the Company and Securityholders, a payment by the Company of
Senior Indebtedness.

             SECTION 10.7. Relative Rights. This Article X defines the relative rights of
Securityholders and holders of Senior Indebtedness. Nothing in this Indenture shall:

     (1) impair, as between the Company and Securityholders, the obligation of the Company,
which is absolute and unconditional, to pay principal of and interest on the Securities in
accordance with their terms; or

     (2) prevent the Trustee or any Securityholder from exercising its available remedies
upon a Default or Event of Default, subject to the rights of holders of Senior Indebtedness
to receive distributions otherwise payable to Securityholders.

             SECTION 10.8. Subordination May Not Be Impaired by Company. No right of any holder of
Senior Indebtedness to enforce the subordination of the Indebtedness evidenced by the Securities
shall be impaired by any act or failure to act by the Company or by the failure of the Company to
comply with this Indenture.

             SECTION 10.9. Rights of Trustee and Paying Agent. Notwithstanding Section 10.3, the
Trustee or Paying Agent may continue to make payments on the Securities and shall not be charged
with knowledge of the existence of facts that would prohibit the making of any such payments
unless, not less than two Business Days prior to the date of such payment, a Trust Officer of the
Trustee receives written notice satisfactory to it specifically stating that payments may not be
made under this Article X. The Company, the Registrar or co-registrar, the Paying Agent, a
Representative or a holder of Senior Indebtedness may give the notice.

             The Trustee in its individual or any other capacity may hold Senior Indebtedness with the same
rights it would have if it were not Trustee. The Registrar and co-registrar and the Paying Agent
may do the same with like rights. The Trustee shall be entitled to all the rights set forth in
this Article X with respect to any Senior Indebtedness which may at any time be held by it, to the
same extent as any other holder of Senior Indebtedness; and nothing in Article VII shall deprive
the Trustee of any of its rights as such holder. Nothing in this Article X shall apply to claims
of, or payments to, the Trustee under or pursuant to Section 7.7.

-76-

 

          SECTION 10.10. Distribution or Notice to Representative. Whenever a distribution is
to be made or a notice given to holders of Senior Indebtedness, the distribution may be made and
the notice given to their Representative (if any).

          SECTION 10.11. Article X Not To Prevent Events of Default or Limit Right to
Accelerate. The failure to make a payment in respect of the Securities by reason of any
provision in this Article X shall not be construed as preventing the occurrence of a Default or
Event of Default. Nothing in this Article X shall have an effect on the right of the
Securityholders or the Trustee to accelerate the maturity of the Securities.

          SECTION 10.12. Trust Moneys Not Subordinated. Notwithstanding anything contained
herein to the contrary, payments from money or the proceeds of U.S. Legal Tender or U.S. Government
Obligations held in trust under Article VIII by the Trustee for the payment of principal of and
interest on the Securities shall not be subordinated to the prior payment of any Senior
Indebtedness or subject to the restrictions set forth in this Article X, and none of the
Securityholders shall be obligated to pay over any such amount to the Company, any holder of Senior
Indebtedness of the Company or any other creditor of the Company.

          SECTION 10.13. Trustee Entitled to Rely. Upon any payment or distribution pursuant to
this Article X, the Trustee and the Securityholders shall be entitled to rely (i) upon any order or
decree of a court of competent jurisdiction in which any proceedings of the nature referred to in
Section 10.2 are pending, (ii) upon a certificate of the liquidating trustee or agent or other
Person making such payment or distribution to the Trustee or to the Securityholders or (iii) upon
the Representatives for the holders of Senior Indebtedness for the purpose of ascertaining the
Persons entitled to participate in such payment or distribution, the holders of Senior Indebtedness
and other Indebtedness of the Company, the amount thereof or payable thereon, the amount or amounts
paid or distributed thereon and all other facts pertinent thereto or to this Article X. In the
event that the Trustee determines, in good faith, that evidence is required with respect to the
right of any person as a holder of Senior Indebtedness to participate in any payment or
distribution pursuant to this Article X, the Trustee may request such Person to furnish evidence to
the reasonable satisfaction of the Trustee as to the amount of Senior Indebtedness held by such
Person, the extent to which such Person is entitled to participate in such payment or distribution
and other facts pertinent to the rights of such Person under this Article X, and, if such evidence
is not furnished, the Trustee may defer any payment to such Person pending judicial determination
as to the right of such Person to receive such payment. The provisions of Sections 7.1 and 7.2
shall be applicable to all actions or omissions of actions by the Trustee pursuant to this Article
X.

          SECTION 10.14. Trustee to Effectuate Subordination. Each Securityholder by accepting
a Security authorizes and directs the Trustee on his behalf to take such action as may be necessary
or appropriate to acknowledge or effectuate the subordination between the Securityholders and the
holders of Senior Indebtedness as provided in this Article X and appoints the Trustee as
attorney-in-fact for any and all such purposes.

-77-

 

          SECTION 10.15. Trustee Not Fiduciary for Holders of Senior Indebtedness. The Trustee
shall not be deemed to owe any fiduciary duty to the holders of Senior Indebtedness and shall not
be liable to any such holders if it shall mistakenly pay over or distribute to Securityholders or
the Company or any other Person, money or assets to which any holders of Senior Indebtedness shall
be entitled by virtue of this Article X or otherwise.

          SECTION 10.16. Reliance by Holders of Senior Indebtedness on Subordination Provisions.
Each Securityholder by accepting a Security acknowledges and agrees that the foregoing
subordination provisions are, and are intended to be, an inducement and a consideration to each
holder of any Senior Indebtedness, whether such Senior Indebtedness was created or acquired before
or after the issuance of the Securities, to acquire and continue to hold, or to continue to hold,
such Senior Indebtedness and such holder of Senior Indebtedness shall be deemed conclusively to
have relied on such subordination provisions in acquiring and continuing to hold, or in continuing
to hold, such Senior Indebtedness.

ARTICLE XI

MISCELLANEOUS

          SECTION 11.1. 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 11.2. Notices. Any notice or communication shall be in writing and delivered
in person or mailed by first-class mail addressed as follows:

if to the Company:

Fisher Scientific International Inc.

Liberty Lane

Hampton, NH 03842

Attention: General Counsel

if to the Trustee:

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

470 Atlantic Avenue

Boston, Massachusetts 02210

Attention: Corporate Trust Administration

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

-78-

 

          Any notice or communication mailed to a Securityholder shall be mailed to the Securityholder
at the Securityholder’s address as it appears on the registration books of the Registrar and shall
be sufficiently given if so mailed within the time prescribed.

          Failure to mail a notice or communication to a Securityholder or any defect in it shall not
affect its sufficiency with respect to other Securityholders. If a notice or communication is
mailed in the manner provided above, it is duly given, whether or not the addressee receives it.

          SECTION 11.3. Communication by Holders With Other Holders. Securityholders may
communicate pursuant to TIA Section 312(b) with other Securityholders with respect to their rights
under this Indenture or the Securities. The Company, the Trustee, the Registrar and anyone else
shall have the protection of TIA Section 312(c).

          SECTION 11.4. Certificate and Opinion As To Conditions Precedent. Upon any request or
application by the Company to the Trustee to take or refrain from taking any action under this
Indenture, the Company, upon request, shall furnish to the Trustee:

     (1) an Officers’ Certificate in form and substance reasonably satisfactory to the
Trustee stating that, in the opinion of the signers, all conditions precedent, if any,
provided for in this Indenture relating to the proposed action have been complied with,
provided that such Officers’ Certificate shall not be given in connection with the issuance
of the Initial Notes; and

     (2) an Opinion of Counsel in form and substance reasonably satisfactory to the Trustee
stating that, in the opinion of such counsel, all such conditions precedent have been
complied with, provided that such Opinion of Counsel shall not be given in connection with
the issuance of the Initial Notes.

          SECTION 11.5. Statements Required in Certificate or Opinion. Each certificate or
opinion with respect to compliance with a covenant or condition provided for in this Indenture
shall include:

     (1) a statement that the individual making such certificate or opinion has read such
covenant or condition;

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

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

-79-

 

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

          SECTION 11.6. When Securities Disregarded. In determining whether the Holders of the
required principal amount of Securities have concurred in any direction, waiver or consent,
Securities owned by the Company or by any Person directly or indirectly controlling or controlled
by or under direct or indirect common control with the Company shall be 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 Securities which the Trustee
knows are so owned shall be so disregarded. Also, subject to the foregoing, only Securities
outstanding at the time shall be considered in any such determination.

          SECTION 11.7. Rules by Trustee, Paying Agent and Registrar. The Trustee may make
reasonable rules for action by or a meeting of Securityholders. The Registrar and the Paying Agent
may make reasonable rules for their functions.

          SECTION 11.8. Legal Holidays. A “Legal Holiday” is a Saturday, a Sunday or a
day on which banking institutions are not required to be open in the State of New York or in the
state in which the corporate trust office of the Trustee is located. If a payment date is a Legal
Holiday, payment shall be made on the next succeeding day that is not a Legal Holiday, and no
interest shall accrue for the intervening period. If a regular record date is a Legal Holiday, the
record date shall not be affected.

          SECTION 11.9. Governing Law. This Indenture and the Securities shall be governed by,
and construed in accordance with, the laws of the State of New York but 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 11.10. No Recourse Against Others. A director, officer, employee or
stockholder, as such, of the Company shall not have a liability for any obligations of the Company
under the Securities or this Indenture or for any claim based on, in respect of or by reason of
such obligations or their creation. By accepting a Security, each Securityholder shall waive and
release all such liability. The waiver and release shall be part of the consideration for the
issue of the Securities.

          SECTION 11.11. Successors. All agreements of the Company and the Subsidiary
Guarantors in this Indenture and the Securities shall bind their respective successors. All
agreements of the Trustee in this Indenture shall bind its successors.

          SECTION 11.12. Multiple 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. One signed copy is enough to prove this Indenture.

-80-

 

          SECTION 11.13. Variable Provisions. The company initially appoints the Trustee as
Paying Agent and Registrar and custodian with respect to any Global Securities.

          SECTION 11.14. Qualification Of Indenture. The Company shall qualify this Indenture
under the TIA in accordance with the terms and conditions of the Registration Rights Agreement and
shall pay all reasonable costs and expenses (including attorneys’ fees 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 Securities and printing this Indenture and the
Securities. The Trustee shall be entitled to receive from the Company 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 11.15. Table of Contents; Headings. The table of contents, cross-reference
sheet and headings of the Articles and Sections of this Indenture have been inserted for
convenience of reference only, are not intended to be considered a part hereof and shall not modify
or restrict any of the terms or provisions hereof.

[SIGNATURE PAGE FOLLOWS]

-81-

 

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

	 	 	 	 	 
	 	FISHER SCIENTIFIC INTERNATIONAL INC.

 	 
	 	By:  	/s/ Kevin P. Clark
 	 
	 	 	Name:  	Kevin P. Clark 	 
	 	 	Title:  	Vice President and Chief Financial
Officer 	 
	 

	 	 	 	 	 
	 	THE BANK OF NEW YORK TRUST 

COMPANY, N.A., as Trustee

 	 
	 	By:  	/s/ Peter M. Murphy
 	 
	 	 	Name:  	Peter M. Murphy 	 
	 	 	Title:  	Vice President 	 
	 

 

 

EXHIBIT A

[FORM OF FACE OF TRANSFER RESTRICTED SECURITY]

[Global Securities Legend]

          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.

[Restricted Securities Legend]

          THIS SECURITY HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933 (THE “SECURITIES ACT”),
OR ANY STATE SECURITIES LAWS. NEITHER THIS SECURITY NOR ANY INTEREST OR PARTICIPATION HEREIN MAY
BE REOFFERED, SOLD, ASSIGNED, TRANSFERRED, PLEDGED, ENCUMBERED OR OTHERWISE DISPOSED OF IN THE
ABSENCE OF SUCH REGISTRATION OR UNLESS SUCH TRANSACTION IS EXEMPT FROM, OR NOT SUBJECT TO,
REGISTRATION AND SUBJECT TO COMPLIANCE WITH OTHER APPLICABLE LAWS.

          THE HOLDER OF THIS SECURITY BY ITS ACCEPTANCE HEREOF AGREES TO OFFER, SELL OR OTHERWISE
TRANSFER SUCH SECURITY, PRIOR TO THE DATE WHICH IS TWO YEARS (OR SUCH SHORTER PERIOD THAT MAY
HEREAFTER BE PROVIDED UNDER RULE 144(K) (OR ANY SUCCESSOR PROVISION THEREOF) AS PERMITTING THE
RESALE BY NON-AFFILIATES OF RESTRICTED SECURITIES WITHOUT RESTRICTION) AFTER THE LATER OF THE
ORIGINAL ISSUE DATE HEREOF AND THE LAST DATE ON WHICH THE COMPANY, ANY GUARANTOR OR ANY AFFILIATE
OF THE COMPANY WAS THE OWNER OF THIS SECURITY (OR ANY PREDECESSOR OF THIS SECURITY) (THE “RESALE

A-1

 

RESTRICTION TERMINATION DATE”), ONLY (A) TO THE COMPANY, (B) PURSUANT TO A REGISTRATION
STATEMENT THAT HAS BEEN DECLARED EFFECTIVE UNDER THE SECURITIES ACT, (C) FOR SO LONG AS THE
SECURITIES ARE ELIGIBLE FOR RESALE PURSUANT TO RULE 144A UNDER THE SECURITIES ACT (“RULE 144A”), TO
A PERSON IT REASONABLY BELIEVES IS A “QUALIFIED INSTITUTIONAL BUYER” AS DEFINED IN RULE 144A THAT
PURCHASES FOR ITS OWN ACCOUNT OR FOR THE ACCOUNT OF A QUALIFIED INSTITUTIONAL BUYER TO WHOM NOTICE
IS GIVEN THAT THE TRANSFER IS BEING MADE IN RELIANCE ON RULE 144A, (D) PURSUANT TO OFFERS AND SALES
THAT OCCUR OUTSIDE THE UNITED STATES WITHIN THE MEANING OF REGULATION S UNDER THE SECURITIES ACT,
(E) TO AN INSTITUTIONAL “ACCREDITED INVESTOR” (“IAI”) WITHIN THE MEANING OF SUBPARAGRAPH (A) (1),
(2), (3) OR (7) OF RULE 501 UNDER THE SECURITIES ACT THAT IS PURCHASING FOR ITS OWN ACCOUNT OR FOR
THE ACCOUNT OF SUCH AN IAI, IN EACH CASE, IN A TRANSACTION INVOLVING A MINIMUM PURCHASE PRICE OF
$250,000 FOR SUCH SECURITIES, FOR INVESTMENT PURPOSES AND NOT WITH A VIEW TO OR FOR OFFER OR SALE
IN CONNECTION WITH ANY DISTRIBUTION IN VIOLATION OF THE SECURITIES ACT, OR (F) PURSUANT TO ANOTHER
AVAILABLE EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT AND OTHERWISE IN
COMPLIANCE WITH OTHER APPLICABLE LAWS, SUBJECT TO THE COMPANY’S AND THE TRUSTEE’S RIGHT PRIOR TO
ANY SUCH OFFER, SALE OR TRANSFER PURSUANT TO CLAUSE (D), (E) OR (F) TO REQUIRE THE DELIVERY OF AN
OPINION OF COUNSEL, CERTIFICATIONS AND/OR OTHER INFORMATION SATISFACTORY TO EACH OF THEM. THIS
LEGEND WILL BE REMOVED UPON THE REQUEST OF A HOLDER AFTER THE RESALE RESTRICTION TERMINATION DATE.

[Regulation S Securities Legend] a

          [UNTIL THE EXPIRATION OF THE “40 DAY DISTRIBUTION COMPLIANCE PERIOD” (WITHIN THE MEANING
OF RULE 903(b)(2) OF REGULATION S UNDER THE SECURITIES ACT), BENEFICIAL OWNERSHIP INTERESTS IN THIS
SECURITY MAY ONLY BE SOLD, PLEDGED OR TRANSFERRED THROUGH EUROCLEAR BANK S.A./N.A., AS OPERATOR OF
THE EUROCLEAR SYSTEM, OR CLEARSTREAM BANKING, SOCIÉTÉ ANONYME. THIS LEGEND WILL BE REMOVED UPON
THE EXPIRATION OF SUCH 40 DAY DISTRIBUTION COMPLIANCE PERIOD.]

 

	 a 	 	To be included on each Security
certificate evidencing Securities sold in offshore transactions to non-U.S.
persons in reliance on Regulation S promulgated under the Securities Act until
the 40th day after the Issue Date.

A-2

 

FISHER SCIENTIFIC INTERNATIONAL INC.

			
	No.
	 	Principal Amount $______

CUSIP NO.

6 1/8% Senior Subordinated Note due 2015

          Fisher Scientific International Inc., a Delaware corporation, promises to pay to Cede & Co.,
or registered assigns, the principal sum of $______on July 1, 2015.

          Interest Payment Dates: January 1 and July 1.

          Record Dates: December 15 and June 15.

          Additional provisions of this Security are set forth on the other side of this Security.

A-3

 

          IN WITNESS WHEREOF, the Company has caused this Security to be signed manually or by facsimile
by its duly authorized officers and a facsimile of its corporate seal to be affixed hereto and
imprinted hereon.

	 	 	 	 	 
	Dated:	 	FISHER SCIENTIFIC INTERNATIONAL INC.
	 
	 	 	 	 
	 

	 	By:	 	 
	 

	 	 	 	 
	 

	 	 	 	Name:
	 

	 	 	 	Title:

TRUSTEE’S CERTIFICATE OF

AUTHENTICATION

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

as Trustee, certifies

that this is one of

the Securities referred

to in the Indenture.

	 	 	 	 	 
	By:
	 	 	 	 
	 

	 	 	 	 
	 

	 	Authorized Signatory	 	 

A-4

 

(Reverse of Security)

6 1/8% Senior Subordinated Note due 2015

	1.	 	Interest

          Fisher Scientific International Inc., a Delaware corporation (such corporation, and its
successors and assigns under the Indenture hereinafter referred to, being herein called the
“Company”), promises to pay interest on the principal amount of this Security at the rate per annum
shown above.

          The Company will pay interest semiannually on January 1 and July 1 of each year, commencing
January 1, 2006. Interest on the Securities will accrue from the most recent date to which
interest has been paid on the Securities or, if no interest has been paid, from the date of
issuance. The Company shall pay interest on overdue principal or premium, if any, and interest at
the rate borne by the Securities to the extent lawful. Interest will be computed on the basis of a
360-day year of twelve 30-day months.

	2.	 	Method of Payment

          By at least 10:00 A.M. (New York City time) on the date on which any principal of or interest
on any Security is due and payable, the Company shall irrevocably deposit with the Trustee or the
Paying Agent money sufficient to pay such principal, premium, if any, and/or interest. The Company
will pay interest (except defaulted interest) to the Persons who are registered Holders of
Securities at the close of business on the December 15 and June 15 immediately preceding the
interest payment date even if Securities are canceled, repurchased or redeemed after the record
date and on or before the interest payment date. Holders must surrender Securities to a Paying
Agent to collect principal payments. The Company will pay principal and interest in money of the
United States that at the time of payment is legal tender for payment of public and private debts.
However, the Company may pay principal and interest by check payable in such money. It may mail an
interest check to a Holder’s registered address.

	3.	 	Paying Agent and Registrar

          Initially, The Bank of New York Trust Company, N.A., a national banking association (the
“Trustee”), will act as Paying Agent and Registrar. The Company may appoint and change any Paying
Agent, Registrar or co-registrar without notice to any Securityholder. The Company or any of its
domestically incorporated Wholly Owned Subsidiaries may act as Paying Agent, Registrar or
co-registrar.

	4.	 	Indenture

          The Company issued the Securities under an Indenture dated as of July 15, 2005 (as it may be
amended or supplemented from time to time in accordance with the terms thereof,

A-5

 

the “Indenture”), among the Company and the Trustee. The terms of the Securities include
those stated in the Indenture and those made part of the Indenture by reference to the Trust
Indenture Act of 1939 (15 U.S.C. §§ 77aaa-77bbbb) as in effect on the date of the Indenture
(the “Act”). Capitalized terms used herein and not defined herein have the meanings ascribed
thereto in the Indenture. The Securities are subject to all such terms, and Securityholders are
referred to the Indenture and the Act for a statement of those terms.

          The Initial Securities, the Exchange Securities and any Additional Securities are treated as a
single class of securities under the Indenture. The Indenture imposes certain limitations on the
incurrence of Indebtedness by the Company and its Restricted Subsidiaries, the payment of dividends
and other distributions on the Capital Stock of the Company and its Restricted Subsidiaries, the
sale or transfer of assets and Capital Stock of Restricted Subsidiaries, the investments of the
Company, its Subsidiaries and transactions with Affiliates, Liens, dividends and other payment
restrictions affecting Subsidiaries, incurrence of senior subordinated Indebtedness, preferred
stock of Subsidiaries and future guarantees. In addition, the Indenture limits the ability of the
Company and its Restricted Subsidiaries to restrict distributions and dividends from Restricted
Subsidiaries.

	5.	 	Optional Redemption

          (a) At any time prior to July 1, 2010, the Securities may be redeemed or purchased (by the
Company or any other Person) in whole or in part, at the Company’s option, at a price (the
“Redemption Price”) equal to 100% of the principal amount thereof plus the Applicable Premium as
of, and accrued but unpaid interest, if any, to, the date of redemption or purchase (the
“Redemption Date”) (subject to the right of Holders of record on the relevant record date to
receive interest due on the relevant interest payment date). Such redemption or purchase may be
made upon notice mailed by first-class mail to each Holder’s registered address, not less than 30
nor more than 60 days prior to the Redemption Date. The Company may provide in such notice that
payment of the Redemption Price and performance of its obligations with respect to such redemption
or purchase may be performed by another Person. Any such redemption, purchase or notice may, at
the Company’s discretion, be subject to the satisfaction of one or more conditions precedent,
including but not limited to the occurrence of a Change of Control Triggering Event.

          “Applicable Premium” means, with respect to a Security at any Redemption Date, the
greater of (i) 1.0% of the then outstanding principal amount of such Security and (ii) the excess
of (A) the present value at such Redemption Date of (1) the redemption price of such Security on
July 1, 2010 (such redemption price being that described below in clause (b)), plus (2) all
required remaining scheduled interest payments due on such Security through such date, in each case
computed using a discount rate equal to the Treasury Rate plus 75 basis points, over (B) the
principal amount of such Security on such Redemption Date. Calculation of the Applicable Premium
will be made by the Company or on the Company’s behalf by such Person as the Company shall
designate; provided that such calculation shall not be a duty or obligation of the Trustee.

A-6

 

          “Treasury Rate” means, with respect to a Redemption Date, the yield to maturity at the
time of computation of United States Treasury securities with a constant maturity (as compiled and
published in the most recent Federal Reserve Statistical Release H.15(519) that has become publicly
available at least two Business Days prior to such Redemption Date (or, if such Statistical Release
is no longer published, any publicly available source or similar market data)) most nearly equal to
the period from such Redemption Date to July 1, 2010; provided, however, that if
the period from the Redemption Date to such date is not equal to the constant maturity of the
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 securities for which such yields are given, except that if
the period from the Redemption Date to such date 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.

          (b) In addition, on and after July 1, 2010, the Securities will be redeemable, at the
Company’s option, in whole at any time or in part from time to time, upon not less than 30 nor more
than 60 days prior notice mailed by first class mail to each Holder’s registered address, at the
following redemption prices (expressed as percentages of principal amount) if redeemed during the
twelve month period commencing on July 1 of the year set forth below plus, in each case, accrued
and unpaid interest to the redemption date (subject to the right of Holders of record on the
relevant record date to receive interest due on the relevant interest payment date):

	 	 	 	 	 
	Year	 	Redemption Price	 
	2010
	 	 	103.063	%
	2011
	 	 	102.042	%
	2012
	 	 	101.021	%
	2013 and thereafter
	 	 	100.000	%

The Company may provide in such notice that payment of the redemption price and performance of its
obligations with respect to such redemption or purchase may be performed by another Person. Any
such redemption, purchase or notice may, at the Company’s discretion, be subject to the
satisfaction of one or more conditions precedent, including but not limited to the occurrence of a
Change of Control Triggering Event.

          (c) Notwithstanding the foregoing, at any time, or from time to time, on or prior to July 1,
2008, the Company may, at its option, use the net cash proceeds of one or more Equity Offerings to
redeem up to 40% of the aggregate principal amount of Securities originally issued at a redemption
price equal to 106.125% of the principal amount thereof plus accrued interest to the date of
redemption; provided that at least 60% of the original principal amount of Securities
remains outstanding immediately after any such redemption (excluding any Securities owned by the
Company). In order to effect the foregoing redemption with the proceeds of any Equity Offering,
the Company must mail a notice of redemption no later than 60 days after the related Equity
Offering and must consummate such redemption within 90 days of the closing of the Equity Offering.

A-7

 

	6.	 	Notice of Redemption

          Notice of redemption pursuant to the foregoing paragraph 5 will be mailed at least 30 days but
not more than 60 days before the redemption date to each Holder of Securities to be redeemed at his
registered address. If fewer than all the Securities are to be redeemed, the Trustee shall select
the Securities to be redeemed pro rata or by lot or by a method that complies with applicable legal
and securities exchange requirements, if any, and that the Trustee considers fair and appropriate
and in accordance with methods generally used at the time of selection by fiduciaries in similar
circumstances; provided, however, that if a partial redemption is made with the
proceeds of an Equity Offering, selection of the Securities or portion thereof for redemption shall
be made by the Trustee only on a pro rata basis, unless such method is otherwise prohibited.
Securities in denominations of principal amount larger than $1,000 may be redeemed in part but only
in whole multiples of $1,000. If money sufficient to pay the redemption price of and accrued and
unpaid interest on all Securities (or portions thereof) to be redeemed on the redemption date is
deposited with the Paying Agent on or before the redemption date and certain other conditions are
satisfied, on and after such date interest ceases to accrue on such Securities (or such portions
thereof) called for redemption.

	7.	 	Option of Holder to Elect Purchase

          Upon a Change of Control Triggering Event, any Holder of Securities will have the right to
require that the Company purchase all or a portion of such Holder’s Securities pursuant to the
Indenture at a purchase price in cash equal to 101% of the principal amount thereof plus accrued
interest to the date of repurchase as provided in, and subject to the terms of, the Indenture.

          Under certain circumstances, in the event the Net Cash Proceeds received by the Company or a
Restricted Subsidiary from an Asset Sale are not used (a) to prepay any Senior Indebtedness and, in
the case of any Senior Indebtedness under any revolving credit facility, effect a permanent
reduction in the availability under such revolving credit facility, (b) to reinvest in Productive
Assets or (c) a combination of prepayment and investment permitted by the foregoing clauses (a) and
(b), then such aggregate amount of Net Cash Proceeds which have not been applied on or before such
Net Proceeds Offer Trigger Date shall be applied by the Company or such Restricted Subsidiary to
make an offer to purchase on a date not less than 30 nor more than 45 days following the applicable
Net Proceeds Offer Trigger Date from all Holders on a pro rata basis that amount of Securities
equal to the Note Offer Amount at a price in cash equal to 100% of the principal amount of the
Securities to be purchased, plus accrued and unpaid interest thereon, if any, to the date of
purchase.

	8.	 	Subordination

          The Securities are subordinated to Senior Indebtedness, as defined in the Indenture. To the
extent provided in the Indenture, Senior Indebtedness must be paid before the Securities may be
paid. The Company agrees, and each Securityholder by accepting a Security agrees, to the
subordination provisions contained in the Indenture and authorizes the Trustee to give them effect
and appoints the Trustee as attorney-in-fact for such purpose.

A-8

 

	9.	 	Denominations; Transfer; Exchange

          The Securities are in registered form without coupons in denominations of principal amount of
$1,000 and whole multiples of $1,000. A Holder may transfer or exchange Securities in accordance
with the Indenture. The Registrar may require a Holder, among other things, to furnish appropriate
endorsements or transfer documents and to pay any taxes and fees required by law or permitted by
the Indenture. The Registrar need not register the transfer of or exchange of any Security for a
period beginning (i) 15 Business Days before the mailing of a notice of an offer to repurchase or
redeem Securities and ending at the close of business on the day of such mailing or (ii) 15
Business Days before an interest payment date and ending on such interest payment date.

	10.	 	Persons Deemed Owners

          The registered holder of this Security may be treated as the owner of it for all purposes.

	11.	 	Unclaimed Money

          If money for the payment of principal or interest remains unclaimed for two years, the Trustee
or Paying Agent shall pay the money back to the Company at its request unless an abandoned property
law designates another Person. After any such payment, Holders entitled to the money must look
only to the Company and not to the Trustee for payment.

	12.	 	Defeasance; Discharge

          Subject to certain conditions set forth in the Indenture, the Company at any time may
terminate some or all of its obligations under the Securities and the Indenture if the Company
deposits with the Trustee money or U.S. Government Obligations for the payment of principal of,
premium, if any, and interest on the Securities to redemption or maturity, as the case may be.

	13.	 	Amendment, Waiver

          Subject to certain exceptions set forth in the Indenture, (i) the Indenture or the Securities
may be amended with the written consent of the Holders of at least a majority in principal amount
of the outstanding Securities and (ii) any default or noncompliance with any provision may be
waived with the written consent of the Holders of a majority in principal amount of the outstanding
Securities. Subject to certain exceptions set forth in the Indenture, without the consent of any
Securityholder, the Company, and the Trustee may amend the Indenture or the Securities to, among
other things set forth in the Indenture, cure any ambiguity, omission, defect or inconsistency, or
to make any change that does not adversely affect the rights of any Securityholder, or to provide
for the issuance of Exchange Securities.

A-9

 

	14.	 	Defaults and Remedies

          Under the Indenture, Events of Default include (i) default for 30 days in payment of interest
on the Securities; (ii) default in payment of principal on the Securities at maturity, upon
redemption pursuant to paragraph 5 of the Securities, upon required repurchase, upon declaration or
otherwise; (iii) failure by the Company to comply with other agreements in the Indenture or the
Securities, in certain cases subject to notice and lapse of time; (iv) failure to pay at final
maturity (giving effect to any applicable grace period and any extensions thereof) the principal
amount of any Indebtedness of the Company or any Restricted Subsidiary (other than a Receivables
Entity) of the Company, or the acceleration of the final maturity of any such Indebtedness, if the
aggregate principal amount of any such Indebtedness, together with the principal amount of any such
other Indebtedness in default for failure to pay principal at final maturity or which has been
accelerated, aggregates $40,000,000 or more at any time; (v) certain events of bankruptcy or
insolvency with respect to the Company or any Significant Subsidiary; and (vi) certain final,
non-appealable judgments or decrees for the payment of money in excess of $40,000,000 against the
Company or any Significant Subsidiary. If an Event of Default occurs and is continuing, the
Trustee or the Holders of at least 25% of the outstanding principal amount of the Securities may
declare all the Securities to be due and payable immediately. Certain events of bankruptcy or
insolvency are Events of Default which will result in the Securities being due and payable
immediately upon the occurrence of such Events of Default.

          Securityholders may not enforce the Indenture or the Securities except as provided in the
Indenture. The Trustee may refuse to enforce the Indenture or the Securities unless it receives
reasonable indemnity or security. Subject to certain limitations, Holders of a majority in
principal amount of the Securities may direct the Trustee in its exercise of any trust or power.
The Trustee may withhold from Securityholders notice of any continuing Default or Event of Default
(except a Default or Event of Default in payment of principal or interest) if it determines that
withholding notice is in their interest.

	15.	 	Trustee Dealings with the Company

          Subject to certain limitations set forth in the Indenture, the Trustee under the Indenture, in
its individual or any other capacity, may become the owner or pledgee of Securities and may
otherwise deal with and collect obligations owed to it by the Company or its affiliates and may
otherwise deal with the Company or its affiliates with the same rights it would have if it were not
Trustee.

	16.	 	No Recourse Against Others

          A director, officer, employee or stockholder, as such, of the Company shall not have any
liability for any obligations of the Company under the Securities or the Indenture or for any claim
based on, in respect of or by reason of such obligations or their creation. By accepting a
Security, each Securityholder waives and releases all such liability. The waiver and release are
part of the consideration for the issue of the Securities.

A-10

 

	17.	 	Authentication

          This Security shall not be valid until an authorized signatory of the Trustee (or an
authenticating agent acting on its behalf) manually signs the certificate of authentication on the
other side of this Security.

	18.	 	Abbreviations

          Customary abbreviations may be used in the name of a Securityholder or an assignee, such as
TEN COM (=tenants in common), TEN ENT (=tenants by the entirety), JT TEN (=joint tenants with
rights of survivorship and not as tenants in common), CUST (=custodian) and U/G/M/A (=Uniform Gift
to Minors Act).

	19.	 	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 Securities and has directed
the Trustee to use CUSIP numbers in notices of redemption as a convenience to Securityholders. No
representation is made as to the accuracy of such numbers either as printed on the Securities or as
contained in any notice of redemption and reliance may be placed only on the other identification
numbers placed thereon.

	20.	 	[Registration Rights.

          Pursuant to the Registration Rights Agreement by and among the Company and certain initial
purchasers of the Securities evidenced by this Security, the Company will be obligated to
consummate an exchange offer pursuant to which the Holder of this Security shall have, subject to
the conditions set forth in the Registration Rights Agreement, the right to exchange this Security
for another series of 6 1/8% Senior Subordinated Notes due 2015 of the Company (herein called the
“Exchange Securities”), which have been registered under the Securities Act of 1933, as amended, in
like principal amount and having identical terms as the Securities (other than as set forth in this
paragraph). The Holders of Securities shall be entitled to receive certain additional interest
payments in the event such exchange offer is not consummated and upon certain other conditions, all
pursuant to and in accordance with the terms of the Registration Rights
Agreement.] a

 

	a	 	To be included in certificates evidencing
the Initial Notes issued on the Issue Date. Additional Securities issued as
Transfer Restricted Securities may have a comparable provision inserted here.

A-11

 

	21.	 	Governing Law

          This Security shall be governed by, and construed in accordance with, the laws of the State of
New York but without giving effect to applicable principles of conflicts of law to the extent that
the application of the laws of another jurisdiction would be required thereby.

          The Company will furnish to any Securityholder upon written request and without charge to the
Securityholder a copy of the Indenture which has in it the text of this Security in larger type.
Requests may be made to: Fisher Scientific International Inc., Liberty Lane, Hampton, New
Hampshire 03842, Attention: General Counsel.

A-12

 

ASSIGNMENT FORM

To assign this Security, fill in the form below:

I or we assign and transfer this Security to

 

 

 

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

 

(Insert assignee’s soc. sec. or tax I.D. No.)

and irrevocably appoint                      agent to transfer this Security on the books of the
Company. The agent may substitute another to act for him.

 

Date: ______________           Your Signature: ______________________

Signature Guarantee: ______________________________

                                        (Signature must be guaranteed)

     
 

Sign exactly as your name appears on the other side of this Security.

In connection with any transfer or exchange of any of the Securities evidenced by this certificate
occurring prior to the date that is two years after the later of the date of original issuance of
such Securities and the last date, if any, on which such Securities were owned by the Company or
any Affiliate of the Company, the undersigned confirms that such Securities are being:

CHECK ONE BOX BELOW:

	 	 	 	 	 
	 

	 	o
	 	acquired for the undersigned’s own account, without transfer (in
satisfaction of Section 2.6(a)(ii)(A) or Section 2.6(b)(ii) of the
Indenture); or
	 
	 	 	 	 
	 

	 	o
	 	transferred to the Company; or
	 
	 	 	 	 
	 

	 	o
	 	transferred pursuant to and in compliance with Rule 144A under the
Securities Act of 1933; or
	 
	 	 	 	 
	 

	 	o
	 	transferred pursuant to an effective registration statement under the
Securities Act; or

A-13

 

	 	 	 	 	 
	 

	 	o
	 	transferred pursuant to and in compliance with Regulation S under the
Securities Act of 1933; or
	 
	 	 	 	 
	 

	 	o
	 	transferred to an institutional “accredited investor” (as defined in Rule
501(a)(1), (2), (3) or (7) under the Securities Act of 1933), that has
furnished to the Trustee a signed letter containing certain representations
and agreements (the form of which letter appears as Exhibit C to the
Indenture); or
	 
	 	 	 	 
	 

	 	o
	 	transferred pursuant to another available exemption from the registration
requirements of the Securities Act of 1933.

Unless one of the boxes is checked, the Trustee will refuse to register any of the Securities
evidenced by this certificate in the name of any person other than the registered holder thereof;
provided, however, that if box (5), (6) or (7) is checked, the Trustee or the
Company may require, prior to registering any such transfer of the Securities, in their sole
discretion, such legal opinions, certifications and other information as the Trustee or the Company
may reasonably request to confirm that such transfer is being made pursuant to an exemption from,
or in a transaction not subject to, the registration requirements of the Securities Act of 1933,
such as the exemption provided by Rule 144 under such Act.

	 	 	 	 	 
	 
	 	 	 	 
	 

	 	 	 	 
	 

	 	 	 	Signature
	 
	 	 	 	 
	Signature Guarantee:
	 	 	 	 
	 
	 
	 	 	 	 
	 

	 	 	 	 
	(Signature must be guaranteed)

	 	 	 	Signature

A-14

 

SCHEDULE OF INCREASES OR DECREASES IN GLOBAL SECURITY

          The following increases or decreases in this Global Security have been made:

	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	Signature of
	 	 	 	 	 	 	Principal Amount of	 	authorized
	 	 	Amount of decrease	 	Amount of increase	 	this Global	 	signatory of
	 	 	in Principal Amount	 	in Principal Amount	 	Security following	 	Trustee or
	Date of	 	of this Global	 	of this Global	 	such decrease or	 	Securities
	Exchange	 	Security	 	Security	 	increase	 	Custodian
	 
	 	 	 	 	 	 	 	 

A-15

 

OPTION OF HOLDER TO ELECT PURCHASE

                         If you want to elect to have this Security purchased by the Company pursuant to Section 4.6 or
4.8 of the Indenture, check the box:

o

                         If you want to elect to have only part of this Security purchased by the Company pursuant to
Section 4.6 or 4.8 of the Indenture, state the amount in principal amount (must be integral
multiple of $1,000): $

	 	 	 	 	 	 	 
	Date:

	 	 	 	Your Signature	 	 
	 

	 	 
	 	 	 	 
	 

	 	 	 	 	 	(Sign exactly as your name appears on the other side of the Security)

	 	 	 	 	 	 	 
	 

	 	Signature Guarantee:	 	 	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	(Signature must be guaranteed)	 	 

A-16

 

EXHIBIT B

[FORM OF FACE OF REGISTERED SECURITY]

[Global Securities Legend]

          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.

B-1

 

FISHER SCIENTIFIC INTERNATIONAL INC.

					
	No. ___
	 	 	Principal Amount $______
	 
	 
	 	 	 	CUSIP NO.

6 1/8% Senior Subordinated Note due 2015

          Fisher Scientific International Inc., a Delaware corporation, promises to pay to Cede & Co.,
or registered assigns, the principal sum of
$______ Dollars on July 1, 2015.

          Interest Payment Dates: January 1 and July 1.

          Record Dates: December 15 and June 15.

          Additional provisions of this Security are set forth on the other side of this Security.

B-2

 

          IN WITNESS WHEREOF, the Company has caused this Security to be signed manually or by facsimile
by its duly authorized officers and a facsimile of its corporate seal to be affixed hereto and
imprinted hereon.

	 	 	 	 	 
	Dated:	 	FISHER SCIENTIFIC INTERNATIONAL INC.
	 
	 	 	 	 
	 

	 	By:	 	 
	 

	 	 	 	 
	 

	 	 	 	Name:
	 

	 	 	 	Title:

TRUSTEE’S CERTIFICATE OF

AUTHENTICATION

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

as Trustee, certifies

that this is one of

the Securities referred

to in the Indenture.

	 	 	 	 	 
	By:
	 	 	 	 
	 

	 	 	 	 
	 

	 	Authorized Signatory	 	 

B-3

 

(Reverse of Security)

6 1/8% Senior Subordinated Note due 2015

	1.	 	Interest

          Fisher Scientific International Inc., a Delaware corporation (such corporation, and its
successors and assigns under the Indenture hereinafter referred to, being herein called the
“Company”), promises to pay interest on the principal amount of this Security at the rate per annum
shown above.

          The Company will pay interest semiannually on January 1 and July 1 of each year, commencing
January 1, 2006. Interest on the Securities will accrue from the most recent date to which
interest has been paid on the Securities or, if no interest has been paid, from the earlier of the
most recent date on which interest was paid on the Initial Securities or, if no such interest has
been paid, from the date of issuance of the Initial Securities. The Company shall pay interest on
overdue principal or premium, if any, and interest at the rate borne by the Securities to the
extent lawful. Interest will be computed on the basis of a 360-day year of twelve 30-day months.

	2.	 	Method of Payment

          By at least 10:00 A.M. (New York City time) on the date on which any principal of or interest
on any Security is due and payable, the Company shall irrevocably deposit with the Trustee or the
Paying Agent money sufficient to pay such principal, premium, if any, and/or interest. The Company
will pay interest (except defaulted interest) to the Persons who are registered Holders of
Securities at the close of business on the December 15 and June 15 immediately preceding the
interest payment date even if Securities are canceled, repurchased or redeemed after the record
date and on or before the interest payment date. Holders must surrender Securities to a Paying
Agent to collect principal payments. The Company will pay principal and interest in money of the
United States that at the time of payment is legal tender for payment of public and private debts.
However, the Company may pay principal and interest by check payable in such money. It may mail an
interest check to a Holder’s registered address.

	3.	 	Paying Agent and Registrar

          Initially, The Bank of New York Trust Company, N.A., a national banking association (the
“Trustee”), will act as Paying Agent and Registrar. The Company may appoint and change any Paying
Agent, Registrar or co-registrar without notice to any Securityholder. The Company or any of its
domestically incorporated Wholly Owned Subsidiaries may act as Paying Agent, Registrar or
co-registrar.

B-4

 

	4.	 	Indenture

          The Company issued the Securities under an Indenture dated as of July 15, 2005 (as it may be
amended or supplemented from time to time in accordance with the terms thereof, the “Indenture”),
among the Company and the Trustee. The terms of the Securities include those stated in the
Indenture and those made part of the Indenture by reference to the Trust Indenture Act of 1939 (15
U.S.C. §§ 77aaa-77bbbb) as in effect on the date of the Indenture (the “Act”). Capitalized
terms used herein and not defined herein have the meanings ascribed thereto in the Indenture. The
Securities are subject to all such terms, and Securityholders are referred to the Indenture and the
Act for a statement of those terms.

          The Initial Securities, the Exchange Securities and any Additional Securities are treated as a
single class of securities under the Indenture. The Indenture imposes certain limitations on the
incurrence of Indebtedness by the Company and its Restricted Subsidiaries, the payment of dividends
and other distributions on the Capital Stock of the Company and its Restricted Subsidiaries, the
sale or transfer of assets and Capital Stock of Restricted Subsidiaries, the investments of the
Company, its Subsidiaries and transactions with Affiliates, Liens, dividends and other payment
restrictions affecting Subsidiaries, incurrence of senior subordinated Indebtedness, preferred
stock of Subsidiaries and future guarantees. In addition, the Indenture limits the ability of the
Company and its Restricted Subsidiaries to restrict distributions and dividends from Restricted
Subsidiaries.

	5.	 	Optional Redemption

          (a) At any time prior to July 1, 2010, the Securities may be redeemed or purchased (by the
Company or any other Person) in whole or in part, at the Company’s option, at a price (the
“Redemption Price”) equal to 100% of the principal amount thereof plus the Applicable Premium as
of, and accrued but unpaid interest, if any, to, the date of redemption or purchase (the
“Redemption Date”) (subject to the right of Holders of record on the relevant record date to
receive interest due on the relevant interest payment date). Such redemption or purchase may be
made upon notice mailed by first-class mail to each Holder’s registered address, not less than 30
nor more than 60 days prior to the Redemption Date. The Company may provide in such notice that
payment of the Redemption Price and performance of its obligations with respect to such redemption
or purchase may be performed by another Person. Any such redemption, purchase or notice may, at
the Company’s discretion, be subject to the satisfaction of one or more conditions precedent,
including but not limited to the occurrence of a Change of Control Triggering Event.

          “Applicable Premium” means, with respect to a Security at any Redemption Date, the
greater of (i) 1.0% of the then outstanding principal amount of such Security and (ii) the excess
of (A) the present value at such Redemption Date of (1) the redemption price of such Security on
July 1, 2010 (such redemption price being that described below in clause (b)), plus (2) all
required remaining scheduled interest payments due on such Security through such date, in each case
computed using a discount rate equal to the Treasury Rate plus 75 basis points, over (B) the
principal amount of such Security on such Redemption Date. Calculation of the

B-5

 

Applicable Premium will be made by the Company or on the Company’s behalf by such Person as
the Company shall designate; provided that such calculation shall not be a duty or
obligation of the Trustee.

          “Treasury Rate” means, with respect to a Redemption Date, the yield to maturity at the
time of computation of United States Treasury securities with a constant maturity (as compiled and
published in the most recent Federal Reserve Statistical Release H.15(519) that has become publicly
available at least two Business Days prior to such Redemption Date (or, if such Statistical Release
is no longer published, any publicly available source or similar market data)) most nearly equal to
the period from such Redemption Date to July 1, 2010; provided, however, that if
the period from the Redemption Date to such date is not equal to the constant maturity of the
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 securities for which such yields are given, except that if
the period from the Redemption Date to such date 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.

          (b) In addition, on and after July 1, 2010, the Securities will be redeemable, at the
Company’s option, in whole at any time or in part from time to time, upon not less than 30 nor more
than 60 days prior notice mailed by first class mail to each Holder’s registered address, at the
following redemption prices (expressed as percentages of principal amount) if redeemed during the
twelve month period commencing on July 1 of the year set forth below plus, in each case, accrued
and unpaid interest to the redemption date (subject to the right of Holders of record on the
relevant record date to receive interest due on the relevant interest payment date):

	 	 	 	 	 
	Year	 	Redemption Price	 
	2010
	 	 	103.063	%
	2011
	 	 	102.042	%
	2012
	 	 	101.021	%
	2013 and thereafter
	 	 	100.000	%

The Company may provide in such notice that payment of the redemption price and performance of its
obligations with respect to such redemption or purchase may be performed by another Person. Any
such redemption, purchase or notice may, at the Company’s discretion, be subject to the
satisfaction of one or more conditions precedent, including but not limited to the occurrence of a
Change of Control Triggering Event.

          (c) Notwithstanding the foregoing, at any time, or from time to time, on or prior to July 1,
2008, the Company may, at its option, use the net cash proceeds of one or more Equity Offerings to
redeem up to 40% of the aggregate principal amount of Securities originally issued at a redemption
price equal to 106.125% of the principal amount thereof plus accrued interest to the date of
redemption; provided that at least 60% of the original principal amount of Securities
remains outstanding immediately after any such redemption (excluding any Securities

B-6

 

owned by the Company). In order to effect the foregoing redemption with the proceeds of any
Equity Offering, the Company must mail a notice of redemption no later than 60 days after the
related Equity Offering and must consummate such redemption within 90 days of the closing of the
Equity Offering.

	6.	 	Notice of Redemption

          Notice of redemption pursuant to the foregoing paragraph 5 will be mailed at least 30 days but
not more than 60 days before the redemption date to each Holder of Securities to be redeemed at his
registered address. If fewer than all the Securities are to be redeemed, the Trustee shall select
the Securities to be redeemed pro rata or by lot or by a method that complies with applicable legal
and securities exchange requirements, if any, and that the Trustee considers fair and appropriate
and in accordance with methods generally used at the time of selection by fiduciaries in similar
circumstances; provided, however, that if a partial redemption is made with the
proceeds of an Equity Offering, selection of the Securities or portion thereof for redemption shall
be made by the Trustee only on a pro rata basis, unless such method is otherwise prohibited.
Securities in denominations of principal amount larger than $1,000 may be redeemed in part but only
in whole multiples of $1,000. If money sufficient to pay the redemption price of and accrued and
unpaid interest on all Securities (or portions thereof) to be redeemed on the redemption date is
deposited with the Paying Agent on or before the redemption date and certain other conditions are
satisfied, on and after such date interest ceases to accrue on such Securities (or such portions
thereof) called for redemption.

	7.	 	Option of Holder to Elect Purchase

          Upon a Change of Control Triggering Event, any Holder of Securities will have the right to
require that the Company purchase all or a portion of such Holder’s Securities pursuant to the
Indenture at a purchase price in cash equal to 101% of the principal amount thereof plus accrued
interest to the date of repurchase as provided in, and subject to the terms of, the Indenture.

          Under certain circumstances, in the event the Net Cash Proceeds received by the Company or a
Restricted Subsidiary from an Asset Sale are not used (a) to prepay any Senior Indebtedness and, in
the case of any Senior Indebtedness under any revolving credit facility, effect a permanent
reduction in the availability under such revolving credit facility, (b) to reinvest in Productive
Assets or (c) a combination of prepayment and investment permitted by the foregoing clauses (a) and
(b), then such aggregate amount of Net Cash Proceeds which have not been applied on or before such
Net Proceeds Offer Trigger Date shall be applied by the Company or such Restricted Subsidiary to
make an offer to purchase on a date not less than 30 nor more than 45 days following the applicable
Net Proceeds Offer Trigger Date from all Holders on a pro rata basis that amount of Securities
equal to the Note Offer Amount at a price equal in cash to 100% of the principal amount of the
Securities to be purchased, plus accrued and unpaid interest thereon, if any, to the date of
purchase.

B-7

 

	8.	 	Subordination

          The Securities are subordinated to Senior Indebtedness, as defined in the Indenture. To the
extent provided in the Indenture, Senior Indebtedness must be paid before the Securities may be
paid. The Company agrees, and each Securityholder by accepting a Security agrees, to the
subordination provisions contained in the Indenture and authorizes the Trustee to give them effect
and appoints the Trustee as attorney-in-fact for such purpose.

	9.	 	Denominations; Transfer; Exchange

          The Securities are in registered form without coupons in denominations of principal amount of
$1,000 and whole multiples of $1,000. A Holder may transfer or exchange Securities in accordance
with the Indenture. The Registrar may require a Holder, among other things, to furnish appropriate
endorsements or transfer documents and to pay any taxes and fees required by law or permitted by
the Indenture. The Registrar need not register the transfer of or exchange of any Security for a
period beginning (i) 15 Business Days before the mailing of a notice of an offer to repurchase or
redeem Securities and ending at the close of business on the day of such mailing or (ii) 15
Business Days before an interest payment date and ending on such interest payment date.

	10.	 	Persons Deemed Owners

          The registered holder of this Security may be treated as the owner of it for all purposes.

	11.	 	Unclaimed Money

          If money for the payment of principal or interest remains unclaimed for two years, the Trustee
or Paying Agent shall pay the money back to the Company at its request unless an abandoned property
law designates another Person. After any such payment, Holders entitled to the money must look
only to the Company and not to the Trustee for payment.

	12.	 	Defeasance; Discharge

          Subject to certain conditions set forth in the Indenture, the Company at any time may
terminate some or all of its obligations under the Securities and the Indenture if the Company
deposits with the Trustee money or U.S. Government Obligations for the payment of principal of,
premium, if any, and interest on the Securities to redemption or maturity, as the case may be.

	13.	 	Amendment, Waiver

          Subject to certain exceptions set forth in the Indenture, (i) the Indenture or the Securities
may be amended with the written consent of the Holders of at least a majority in principal amount
of the outstanding Securities and (ii) any default or noncompliance with any provision may be
waived with the written consent of the Holders of a majority in principal

B-8

 

amount of the outstanding Securities. Subject to certain exceptions set forth in the
Indenture, without the consent of any Securityholder, the Company, and the Trustee may amend the
Indenture or the Securities to, among other things set forth in the Indenture, cure any ambiguity,
omission, defect or inconsistency, or to make any change that does not adversely affect the rights
of any Securityholder, or to provide for the issuance of Exchange Securities.

	14.	 	Defaults and Remedies

          Under the Indenture, Events of Default include (i) default for 30 days in payment of interest
on the Securities; (ii) default in payment of principal on the Securities at maturity, upon
redemption pursuant to paragraph 5 of the Securities, upon required repurchase, upon declaration or
otherwise; (iii) failure by the Company to comply with other agreements in the Indenture or the
Securities, in certain cases subject to notice and lapse of time; (iv) failure to pay at final
maturity (giving effect to any applicable grace period and any extensions thereof) the principal
amount of any Indebtedness of the Company or any Restricted Subsidiary (other than a Receivables
Entity) of the Company, or the acceleration of the final maturity of any such Indebtedness, if the
aggregate principal amount of any such Indebtedness, together with the principal amount of any such
other Indebtedness in default for failure to pay principal at final maturity or which has been
accelerated, aggregates $40,000,000 or more at any time; (v) certain events of bankruptcy or
insolvency with respect to the Company or any Significant Subsidiary; and (vi) certain final,
non-appealable judgments or decrees for the payment of money in excess of $40,000,000 against the
Company or any Significant Subsidiary. If an Event of Default occurs and is continuing, the
Trustee or the Holders of at least 25% of the outstanding principal amount of the Securities may
declare all the Securities to be due and payable immediately. Certain events of bankruptcy or
insolvency are Events of Default which will result in the Securities being due and payable
immediately upon the occurrence of such Events of Default.

          Securityholders may not enforce the Indenture or the Securities except as provided in the
Indenture. The Trustee may refuse to enforce the Indenture or the Securities unless it receives
reasonable indemnity or security. Subject to certain limitations, Holders of a majority in
principal amount of the Securities may direct the Trustee in its exercise of any trust or power.
The Trustee may withhold from Securityholders notice of any continuing Default or Event of Default
(except a Default or Event of Default in payment of principal or interest) if it determines that
withholding notice is in their interest.

	15.	 	Trustee Dealings with the Company

          Subject to certain limitations set forth in the Indenture, the Trustee under the Indenture, in
its individual or any other capacity, may become the owner or pledgee of Securities and may
otherwise deal with and collect obligations owed to it by the Company or its affiliates and may
otherwise deal with the Company or its affiliates with the same rights it would have if it were not
Trustee.

B-9

 

	16.	 	No Recourse Against Others

          A director, officer, employee or stockholder, as such, of the Company shall not have any
liability for any obligations of the Company under the Securities or the Indenture or for any claim
based on, in respect of or by reason of such obligations or their creation. By accepting a
Security, each Securityholder waives and releases all such liability. The waiver and release are
part of the consideration for the issue of the Securities.

	17.	 	Authentication

          This Security shall not be valid until an authorized signatory of the Trustee (or an
authenticating agent acting on its behalf) manually signs the certificate of authentication on the
other side of this Security.

	18.	 	Abbreviations

          Customary abbreviations may be used in the name of a Securityholder or an assignee, such as
TEN COM (=tenants in common), TEN ENT (=tenants by the entirety), JT TEN (=joint tenants with
rights of survivorship and not as tenants in common), CUST (=custodian) and U/G/M/A (=Uniform Gift
to Minors Act).

	19.	 	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 Securities and has directed
the Trustee to use CUSIP numbers in notices of redemption as a convenience to Securityholders. No
representation is made as to the accuracy of such numbers either as printed on the Securities or as
contained in any notice of redemption and reliance may be placed only on the other identification
numbers placed thereon.

	20.	 	Governing Law

          This Security shall be governed by, and construed in accordance with, the laws of the State of
New York but without giving effect to applicable principles of conflicts of law to the extent that
the application of the laws of another jurisdiction would be required thereby.

          The Company will furnish to any Securityholder upon written request and without charge to the
Securityholder a copy of the Indenture which has in it the text of this Security in larger type.
Requests may be made to: Fisher Scientific International Inc., Liberty Lane, Hampton, New
Hampshire 03842, Attention: General Counsel.

B-10

 

ASSIGNMENT FORM

To assign this Security, fill in the form below:

I or we assign and transfer this Security to

 

 

 

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

 

(Insert assignee’s soc. sec. or tax I.D. No.)

and irrevocably appoint                     agent to transfer this Security on the books of the
Company. The agent may substitute another to act for him.

     
 

Date: ____________________           Your Signature: _______________________

	 	 	 	 	 
	Signature Guarantee:
	 	 	 	 
	 

	 	 	 	 
	 

	 	(Signature must be guaranteed)	 	 

     
 

Sign exactly as your name appears on the other side of this Security.

B-11

 

SCHEDULE OF INCREASES OR DECREASES IN GLOBAL SECURITY

          The following increases or decreases in this Global Security have been made:

	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	Signature of
	 	 	 	 	 	 	Principal Amount of	 	authorized
	 	 	Amount of decrease	 	Amount of increase	 	this Global	 	signatory of
	 	 	in Principal Amount	 	in Principal Amount	 	Security following	 	Trustee or
	Date of	 	of this Global	 	of this Global	 	such decrease or	 	Securities
	Exchange	 	Security	 	Security	 	increase	 	Custodian
	 
	 	 	 	 	 	 	 	 

B-12

 

OPTION OF HOLDER TO ELECT PURCHASE

                         If you want to elect to have this Security purchased by the Company pursuant to Section 4.6 or
4.8 of the Indenture, check the box:

o

                         If you want to elect to have only part of this Security purchased by the Company pursuant to
Section 4.6 or 4.8 of the Indenture, state the amount in principal amount (must be integral
multiple of $1,000): $

	 	 	 	 	 	 	 
	Date:

	 	 	 	Your Signature	 	 
	 

	 	 
	 	 	 	 
	 

	 	 	 	 	 	(Sign exactly as your name appears on the other side of the Security)

	 	 	 	 	 	 	 
	 

	 	Signature Guarantee:	 	 	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	(Signature must be guaranteed)	 	 

B-13

 

EXHIBIT C

FORM OF CERTIFICATE FROM ACQUIRING

INSTITUTIONAL ACCREDITED INVESTORS

______________________,_______

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

470 Atlantic Avenue

Boston, Massachusetts 02210

	 	 	 	 	 
	Attention: Corporate Trust Administration
	 
	 	 	 	 
	 

	 	Re:
	 	Fisher Scientific International Inc. (the “Company”)
	 

	 	 	 	6 1/8% Senior Subordinated Notes due 2015 (the “Notes”)

Dear Sirs:

          In connection with our proposed purchase of Notes of the Company, we confirm that:

          1. We understand that any subsequent transfer of the Notes is subject to certain restrictions
and conditions set forth in the Indenture dated as of July 15, 2005 relating to the Notes (the
“Indenture”) and the undersigned agrees to be bound by, and not to resell, pledge or
otherwise transfer the Notes except in compliance with, such restrictions and conditions and the
Securities Act of 1933, as amended (the “Securities Act”).

          2. We understand that the Notes have not been registered under the Securities Act or any other
applicable securities law, and that the Notes may not be offered, sold or otherwise transferred
except as permitted in the following sentence. We agree, on our own behalf and on behalf of any
accounts for which we are acting as hereinafter stated, that if we should offer, sell, transfer,
pledge, hypothecate or otherwise dispose of any Notes within two years after the original issuance
of the Notes, we will do so only (A) to the Company, (B) inside the United States to a “qualified
institutional buyer” in compliance with Rule 144A under the Securities Act, (C) inside the United
States to an institutional “accredited investor” (as defined below) that, prior to such transfer,
furnishes to you a signed letter substantially in the form of this letter, (D) outside the United
States to a foreign person in compliance with Rule 904 of Regulation S under the Securities Act,
(E) pursuant to the exemption from registration provided by Rule 144 under the Securities Act (if
available), (F) in accordance with another exemption from the registration requirements of the
Securities Act, or (G) pursuant to an effective registration statement under the Securities Act,
and we further agree to provide to any person purchasing any of the Notes from us a notice advising
such purchaser that resales of the Notes are restricted as stated herein and in the Indenture.

C-1

 

          3. We understand that, on any proposed transfer of any Notes prior to the later of the
original issue date of the Notes and the last date the Notes were held by an affiliate of the
Company pursuant to paragraphs 2(C), 2(D) and 2(E) above, we will be required to furnish to you and
the Company such certifications, legal opinions and other information as you and the Company may
reasonably require to confirm that the proposed transfer complies with the foregoing restrictions.
We further understand that the Notes purchased by us will bear a legend to the foregoing effect.

          4. We are an institutional “accredited investor” (as defined in Rule 501(a)(1), (2), (3) or
(7) under the Securities Act) and have such knowledge and experience in financial and business
matters as to be capable of evaluating the merits and risks of our investment in the Notes, and we
and any accounts for which we are acting are acquiring the Notes for investment purposes and not
with a view to, or offer or sale in connection with, any distribution in violation of the
Securities Act, and we are each able to bear the economic risk of our or its investment.

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

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

	 	 	 
	 

	 	Very truly yours,
	 
	 	 
	 

	 	(Name of Transferee)
	 
	 	 
	 

	 	By:                                                                                
	 

	 	 
	 

	 	                    Authorized Signature

C-2EX-4.2

 

Exhibit 4.2

REGISTRATION RIGHTS AGREEMENT

by and among

Fisher Scientific International Inc .

and

Deutsche Bank Securities Inc.

Banc of America Securities LLC

Dated as of July 15, 2005

 

 

REGISTRATION RIGHTS AGREEMENT

          This Registration Rights Agreement (the “Agreement”) is made and entered into this
15th day of July, 2005, among Fisher Scientific International Inc., a Delaware
corporation (the “Company”), Deutsche Bank Securities Inc. (“DB”) and Banc of America
Securities LLC (“BOA” and together with DB the “Initial Purchasers”).

          This Agreement is made pursuant to the Purchase Agreement, dated June 27, 2005, between the
Company and the Initial Purchasers (the “Purchase Agreement”), which provides for, among
other things, the sale by the Company to the Initial Purchasers of an aggregate of $500,000,000
principal amount of the Company’s 6 1/8% Senior Subordinated Notes due 2015 (the “Securities”). In
order to induce the Initial Purchasers to enter into the Purchase Agreement, the Company has agreed
to provide to the Initial Purchasers and their direct and indirect transferees the registration
rights set forth in this Agreement. The execution of this Agreement is a condition to the closing
under the Purchase Agreement.

          In consideration of the foregoing, the parties hereto agree as follows:

          1. Definitions.

          As used in this Agreement, the following capitalized defined terms shall have the following
meanings:

     “1933 Act” shall mean the Securities Act of 1933, as amended from time to time.

     “1934 Act” shall mean the Securities Exchange Act of l934, as amended from time
to time.

     “Affiliated Market Maker” shall mean any Initial Purchaser who is required to
by applicable law to deliver a prospectus in connection with sales or market making
activities with respect to the Exchange Securities.

     “Closing Date” shall mean the Closing Time as defined in the Purchase
Agreement.

     “Company” see the preamble hereto and shall also include the Company’s
successors.

     “Depositary” shall mean The Depository Trust Company, or any other depositary
appointed by the Company, provided, however, that such depositary must have an address in
the Borough of Manhattan, in the City of New York.

     “Effectiveness Period” see Section 2.2(b).

     “Exchange Offer” shall mean the exchange offer by the Company of Exchange
Securities for Registrable Securities pursuant to Section 2.1 hereof.

     “Exchange Offer Registration” shall mean a registration under the 1933 Act
effected pursuant to Section 2.1 hereof.

     “Exchange Offer Registration Statement” shall mean an exchange offer
registration statement on Form S-4 (or, if applicable, on another appropriate form), and all
amendments and supplements to such registration statement, including the Prospectus
contained therein, all exhibits thereto and all documents incorporated by reference therein.

 

 

     “Exchange Period” see Section 2.1 hereof.

     “Exchange Securities” shall mean the 6 1/8% Senior Subordinated Notes due 2015 to
be issued by the Company under the Indenture containing terms identical to the Securities in
all material respects (except that (i) interest thereon shall accrue from the last date on
which interest was paid on the Securities or, if no such interest has been paid, from July
15, 2005 and (ii) the transfer restrictions thereon shall be eliminated), to be offered to
Holders of Securities in exchange for Registrable Securities pursuant to the Exchange Offer.

     “Filing Date” shall mean the earlier of (x) the 120th day following the Closing
Date or (y) the day the Exchange Offer Registration Statement is filed with the Commission.

     “Holder” shall mean an Initial Purchaser, for so long as it owns any
Registrable Securities, and each of its successors, assigns and direct and indirect
transferees who become registered owners of Registrable Securities under the Indenture, and
each Participating Broker-Dealer that holds Exchange Securities for so long as such
Participating Broker-Dealer is required to deliver a prospectus meeting the requirements of
the 1933 Act in connection with any resale of such Exchange Securities.

     “Indenture” shall mean the Indenture relating to the Securities, dated as of
July 15, 2005, between the Company and The Bank of New York, as trustee, as the same may be
amended, supplemented, waived or otherwise modified from time to time in accordance with the
terms thereof.

     “Initial Purchaser” or “Initial Purchasers” see the preamble hereto.

     “Majority Holders” shall mean the Holders of a majority of the aggregate
principal amount of outstanding (as defined in the Indenture) Registrable Securities;
provided that whenever the consent or approval of Holders of a specified percentage of
Registrable Securities is required hereunder, Registrable Securities held by the Company and
other obligors on the Securities or any Affiliate (as defined in the Indenture) of the
Company shall be disregarded in determining whether such consent or approval was given by
the Holders of such required percentage amount.

     “Participating Broker-Dealer” shall mean Deutsche Bank Securities Inc. and Banc
of America Securities LLC and any other broker-dealer that holds Registrable Securities
acquired for its own account as a result of market making activities in the Securities and
that will be the beneficial owner (as defined in Rule 13d-3 under the 1934 Act) of Exchange
Securities to be received by such broker-dealer in the Exchange Offer.

     “Person” shall mean an individual, partnership (general or limited),
corporation, limited liability company, trust or unincorporated organization, or a
government or agency or political subdivision thereof.

     “Private Exchange” see Section 2.1 hereof.

     “Private Exchange Securities” see Section 2.1 hereof.

     “Prospectus” shall mean the prospectus included in a Registration Statement,
including any preliminary prospectus, and any such prospectus as amended or supplemented by
any prospectus supplement, including any such prospectus supplement with respect to the
terms of the offering of any portion of the Registrable Securities covered by a Shelf
Registration Statement,

-2-

 

and by all other amendments and supplements to a prospectus, including post-effective
amendments, and in each case including all material incorporated by reference therein.

     “Purchase Agreement” see the preamble hereto.

     “Registration Default” see Section 2.5.

     “Registrable Securities” shall mean the Securities and, if issued, the Private
Exchange Securities; provided, however, the Securities and, if issued, the Private Exchange
Securities shall cease to be Registrable Securities when (i) a Registration Statement with
respect to such Securities or Private Exchange Securities for the exchange or resale
thereof, as the case may be, shall have been declared effective under the 1933 Act and such
Securities or Private Exchange Securities, as the case may be, shall have been disposed of
pursuant to such Registration Statement, (ii) such Securities or Private Exchange
Securities, as the case may be, have been sold to the public pursuant to Rule l44 (or any
similar provision then in force, but not Rule 144A) under the 1933 Act, (iii) such
Securities or Private Exchange Securities, as the case may be, shall have ceased to be
Outstanding (as defined in the Indenture) or (iv) with respect to the Securities, the
Exchange Offer is consummated (except in the case of Securities purchased from the Company
and continued to be held by the Initial Purchasers and except with respect to any Securities
as to which clause (iv) of Section 2.2 is applicable).

     “Registration Expenses” shall mean any and all expenses incident to performance
of or compliance by the Company with this Agreement, including without limitation: (i) all
SEC or National Association of Securities Dealers, Inc. (the “NASD”) registration
and filing fees, including, if applicable, the reasonable fees and expenses of any
“qualified independent underwriter” (and its counsel) that is required to be retained by any
holder of Registrable Securities in accordance with the rules and regulations of the NASD,
(ii) all fees and expenses incurred in connection with compliance with state securities or
blue sky laws and compliance with the rules of the NASD (including reasonable fees and
disbursements of counsel for any underwriters or Holders in connection with blue sky
qualification of any of the Exchange Securities or Registrable Securities and any filings
with the NASD), (iii) all expenses of any Persons in preparing or assisting in preparing,
word processing, printing and distributing any Registration Statement, any Prospectus, any
amendments or supplements thereto, any underwriting agreements, securities sales agreements
and other documents relating to the performance of and compliance with this Agreement, (iv)
all fees and expenses incurred in connection with the listing, if any, of any of the
Registrable Securities on any securities exchange or exchanges, (v) all rating agency fees,
(vi) the fees and disbursements of counsel for the Company and of the independent public
accountants of the Company, including the expenses of any special audits or “cold comfort”
letters required by or incident to such performance and compliance, (vii) the fees and
expenses of the Trustee, and any exchange agent or custodian, (viii) the reasonable fees and
expenses of the Initial Purchasers in connection with the Exchange Offer, except for legal
expenses which are separately provided for in clause (ix) hereof, (ix) the reasonable fees,
disbursements and expenses of Sullivan & Cromwell LLP (or such other counsel in
lieu thereof reasonably satisfactory to the Majority Holders and the Company) as special
counsel to the Initial Purchasers in the Exchange Offer and as special counsel representing
the Holders of Registrable Securities and (x) any fees and disbursements of the underwriters
customarily required to be paid by issuers or sellers of securities and the reasonable fees
and expenses of any special experts retained by the Company in connection with any
Registration Statement, but excluding underwriting discounts and commissions and transfer
taxes, if any, relating to the sale or disposition of Registrable Securities by a Holder.

     “Registration Statement” shall mean any registration statement of the Company
which covers any of the Exchange Securities or Registrable Securities pursuant to the
provisions of this

-3-

 

Agreement, and all amendments and supplements to any such Registration Statement,
including post-effective amendments, in each case including the Prospectus contained
therein, all exhibits thereto and all material incorporated by reference therein.

     “SEC” shall mean the Securities and Exchange Commission or any successor agency
or government body performing the functions currently performed by the United States
Securities and Exchange Commission.

     “Securities” see the preamble hereto.

     “Shelf Registration” shall mean a registration effected pursuant to Section 2.2
hereof.

     “Shelf Registration Event” see Section 2.2 hereof.

     “Shelf Registration Event Date” see Section 2.2 hereof.

     “Shelf Registration Statement” shall mean a “shelf” registration statement of
the Company pursuant to the provisions of Section 2.2 of this Agreement which covers all of
the Registrable Securities or all of the Private Exchange Securities on an appropriate form
under Rule 415 under the 1933 Act, or any similar rule that may be adopted by the SEC, and
all amendments and supplements to such registration statement, including post-effective
amendments, in each case including the Prospectus contained therein, all exhibits thereto
and all material incorporated by reference therein.

     “TIA” shall mean the Trust Indenture Act of 1939, as amended from time to time.

     “Trustee” shall mean the trustee with respect to the Securities under the
Indenture.

     2. Registration Under the 1933 Act.

          2.1. Exchange Offer. To the extent not prohibited by any applicable law or
interpretation of the staff of the SEC, the Company shall, for the benefit of the Holders, at the
Company’s cost, use its best efforts to (A) prepare and, as soon as practicable but not later than
the Filing Date, file with the SEC an Exchange Offer Registration Statement on an appropriate form
under the 1933 Act with respect to a proposed Exchange Offer and the issuance and delivery to the
Holders, in exchange for the Registrable Securities, a like principal amount of Exchange Securities
(other than Private Exchange Securities), (B) cause the Exchange Offer Registration Statement to be
declared effective under the 1933 Act within 210 days after the Filing Date, (C) keep the Exchange
Offer Registration Statement effective until the closing of the Exchange Offer and (D) cause the
Exchange Offer to be consummated within 45 days following the Exchange Offer Registration Statement
being declared effective. Upon the effectiveness of the Exchange Offer Registration Statement, the
Company shall promptly commence the Exchange Offer, it being the objective of such Exchange Offer
to enable each Holder eligible and electing to exchange Registrable Securities for Exchange
Securities (assuming that such Holder (a) is not an affiliate of the Company within the meaning of
Rule 405 under the 1933 Act, (b) is not a broker-dealer tendering Registrable Securities acquired
directly from the Company for its own account, (c) acquired the Exchange Securities in the ordinary
course of such Holder’s business and (d) has no arrangements or understandings with any person to
participate in the Exchange Offer for the purpose of distributing the Exchange Securities) to
transfer such Exchange Securities from and after their receipt without any limitations or
restrictions under the 1933 Act and under state securities or blue sky laws.

-4-

 

          In connection with the Exchange Offer, the Company shall:

     (a) mail as promptly as practicable to each Holder a copy of the Prospectus forming
part of the Exchange Offer Registration Statement, together with an appropriate letter of
transmittal and related documents;

     (b) keep the Exchange Offer open for acceptance for a period of not less than 30
calendar days after the date notice thereof is mailed to the Holders (or longer if required
by applicable law) (such period referred to herein as the “Exchange Period”);

     (c) utilize the services of the Depositary for the Exchange Offer;

     (d) permit Holders to withdraw tendered Registrable Securities at any time prior to
5:00 p.m. (New York City Time), on the last business day of the Exchange Period, by sending
to the institution specified in the notice, a telegram, telex, facsimile transmission or
letter setting forth the name of such Holder, the principal amount of Registrable Securities
delivered for exchange, and a statement that such Holder is withdrawing his election to have
such Securities exchanged;

     (e) notify each Holder that any Registrable Security not tendered will remain
outstanding and continue to accrue interest, but will not retain any rights under this
Agreement (except in the case of the Initial Purchasers and Participating Broker-Dealers as
provided herein); and

     (f) otherwise comply in all respects with all applicable laws relating to the Exchange
Offer.

          If any Initial Purchaser determines upon the advice of its outside counsel that it is not
eligible to participate in the Exchange Offer with respect to the exchange of Securities
constituting any portion of an unsold allotment in the initial distribution, as soon as practicable
upon receipt by the Company of a written request from such Initial Purchaser, the Company shall,
simultaneously with the delivery of the Exchange Securities in the Exchange Offer, issue and
deliver to such Initial Purchaser in exchange (the “Private Exchange”) for the Securities
held by such Initial Purchaser, a like principal amount of debt securities of the Company on a
senior subordinated basis, that are identical (except that such securities shall bear appropriate
transfer restrictions) to the Exchange Securities (the “Private Exchange Securities”).

          The Exchange Securities and the Private Exchange Securities shall be issued under (i) the
Indenture or (ii) an indenture identical in all material respects to the Indenture and which, in
either case, has been qualified under the TIA, or is exempt from such qualification and shall
provide that the Exchange Securities shall not be subject to the transfer restrictions set forth in
the Indenture but that the Private Exchange Securities shall be subject to such transfer
restrictions. The Indenture or such indenture shall provide that the Exchange Securities, the
Private Exchange Securities and the Securities shall vote and consent together on all matters as
one class and that none of the Exchange Securities, the Private Exchange Securities or the
Securities will have the right to vote or consent as a separate class on any matter. The Private
Exchange Securities shall be of the same series as the Exchange Securities and the Company will use
commercially reasonable efforts to cause the CUSIP Service Bureau to issue the same CUSIP numbers
for the Private Exchange Securities as for the Exchange Securities issued pursuant to the Exchange
Offer.

-5-

 

          As soon as practicable after the close of the Exchange Offer, the Company shall:

          (i) accept for exchange all Registrable Securities duly tendered and not
validly withdrawn pursuant to the Exchange Offer or the Private Exchange;

          (ii) deliver, or cause to be delivered, to the Trustee for cancellation all
Registrable Securities so accepted for exchange by the Company; and

          (iii) issue, and cause the Trustee promptly to authenticate and deliver
Exchange Securities or Private Exchange Securities, as the case may be, to each
Holder of Registrable Securities so accepted for exchange in a principal amount
equal to the principal amount of the Registrable Securities of such Holder so
accepted for exchange.

          Interest on each Exchange Security and Private Exchange Security will accrue from the last
date on which interest was paid on the Registrable Securities surrendered in exchange therefor or,
if no interest has been paid on the Registrable Securities, from the date of original issuance.
The Exchange Offer and the Private Exchange shall not be subject to any conditions, other than (i)
that the Exchange Offer or the Private Exchange, or the making of any exchange by a Holder, does
not violate applicable law or any applicable interpretation of the staff of the SEC, (ii) the due
tendering of Registrable Securities in accordance with the Exchange Offer and the Private Exchange,
(iii) that each Holder of Registrable Securities exchanged in the Exchange Offer shall have
represented that it is not an affiliate of the Company within the meaning of Rule 405 under the
1933 Act or, if it is an affiliate, that such holder will comply with the registration and
prospectus delivery requirements of the 1933 Act to the extent applicable, that all Exchange
Securities to be received by it shall be acquired in the ordinary course of its business and that
at the time of the consummation of the Exchange Offer it shall have no arrangement or understanding
with any person to participate in the distribution (within the meaning of the 1933 Act) of the
Exchange Securities and shall have made such other representations as may be customary or
reasonably necessary under applicable SEC rules, regulations or interpretations to render the use
of Form S-4 or other appropriate form under the 1933 Act available and (iv) that no action or
proceeding shall have been instituted or threatened in any court or by or before any governmental
agency with respect to the Exchange Offer or the Private Exchange which, in the Company’s judgment,
would reasonably be expected to impair the ability of the Company to proceed with the Exchange
Offer or the Private Exchange. The Company shall inform the Initial Purchasers of the names and
addresses of the Holders to whom the Exchange Offer is made, and the Initial Purchasers shall have
the right to contact such Holders and otherwise facilitate the tender of Registrable Securities in
the Exchange Offer.

          Upon consummation of the Exchange Offer in accordance with this Section 2.1, the provisions of
this Agreement shall continue to apply, modified as necessary, solely with respect to Registrable
Securities that are Private Exchange Securities, Registrable Securities of the type described in
clause (iv) of Section 2.2 and Exchange Securities held by Participating Broker-Dealers, and the
Company shall have no further obligation to register Registrable Securities (other than Private
Exchange Securities and Securities of the type described in clause (iv) of Section 2.2) pursuant to
Section 2.2 of this Agreement.

          2.2. Shelf Registration. In the event that (i) because of any changes in law, SEC
rules or regulations or applicable interpretations thereof by the staff of the SEC, the Company
reasonably determines that it is not permitted to effect the Exchange Offer as contemplated by
Section 2.1 hereof, (ii) the Exchange Offer Registration Statement is not declared effective within
210 days after the Filing Date or the Exchange Offer is not consummated within 45 days after the
Exchange Offer Registration Statement being declared effective, (iii) upon the request of any of
the Initial Purchasers with respect to any Registrable Securities which it acquired directly from
the Company and, with respect to other Registrable Securities held by it, if such Initial Purchaser
is not permitted, in the opinion of counsel to such Initial Purchaser, pursuant to applicable law
or applicable interpretations of the staff of the SEC, to partici-

-6-

 

pate in the Exchange Offer and thereby receive securities that are freely tradeable without
restriction under the 1933 Act and applicable blue sky or state securities laws or (iv) if a Holder
is not permitted by applicable law to participate in the Exchange Offer based upon advice of
counsel to the effect that such Holder may not be legally able to participate in the Exchange Offer
or does not receive fully tradeable Exchange Securities pursuant to the Exchange Offer (any of the
events specified in (i)-(iv) being a “Shelf Registration Event” and the date of occurrence
thereof, the “Shelf Registration Event Date”), then the Company shall, at its cost:

     (a) Cause to be filed as promptly as practicable after the occurrence of such Shelf
Registration Event Date (or, in the case of a request by any Initial Purchaser, within 30
days of such request, which shall be no earlier than the Filing Date), and thereafter shall
use its best efforts to cause to be declared effective as promptly as practicable but no
later than 210 days after the date the Shelf Registration Statement was first filed, a Shelf
Registration Statement relating to the offer and sale of the Registrable Securities by the
Holders from time to time in accordance with the methods of distribution elected by the
Majority Holders participating in the Shelf Registration and set forth in such Shelf
Registration Statement.

     (b) Use its best efforts to keep the Shelf Registration Statement continuously
effective in order to permit the Prospectus forming part thereof to be usable by Holders for
a period of two years (or one year in the case of a request solely by an Initial Purchaser)
from the date the Shelf Registration Statement is declared effective by the SEC, or for such
shorter period that will terminate when all Registrable Securities covered by the Shelf
Registration Statement have been sold pursuant to the Shelf Registration Statement or cease
to be outstanding or otherwise to be Registrable Securities (the “Effectiveness
Period”); provided, however, that the Effectiveness Period in respect of the Shelf
Registration Statement shall be extended to the extent required to permit dealers to comply
with the applicable prospectus delivery requirements of Rule 174 under the 1933 Act and as
otherwise provided herein.

     (c) Notwithstanding any other provisions hereof, use its best efforts to ensure that
(i) any Shelf Registration Statement and any amendment thereto and any Prospectus forming
part thereof and any supplement thereto complies in all material respects with the 1933 Act
and the rules and regulations thereunder, (ii) any Shelf Registration Statement and any
amendment thereto does not, when it becomes effective, contain an untrue statement of a
material fact or omit to state a material fact required to be stated therein or necessary to
make the statements therein not misleading and (iii) any Prospectus forming part of any
Shelf Registration Statement, and any supplement to such Prospectus (as amended or
supplemented from time to time), does not include an untrue statement of a material fact or
omit to state a material fact necessary in order to make the statements therein, in light of
the circumstances under which they were made, not misleading.

               The Company shall not permit any securities other than Registrable Securities to be included
in the Shelf Registration Statement. The Company further agrees, if necessary, to supplement or
amend the Shelf Registration Statement, as required by Section 3(b) below, and to furnish to the
Holders of Registrable Securities copies of any such supplement or amendment promptly after its
being used or filed with the SEC.

               2.3. Expenses. The Company shall pay all Registration Expenses in connection with the
registration pursuant to Section 2.1 or 2.2. Each Holder shall pay all expenses of its counsel
(other than to the extent a Registration Expense), underwriting discounts and commissions and
transfer taxes, if any, relating to the sale or disposition of such Holder’s Registrable Securities
pursuant to the Shelf Registration Statement.

-7-

 

               2.4. Effectiveness. An Exchange Offer Registration Statement pursuant to Section 2.1
hereof or a Shelf Registration Statement pursuant to Section 2.2 hereof will not be deemed to have
become effective unless it has been declared effective by the SEC; provided, however, that if,
after it has been declared effective, the offering of Registrable Securities pursuant to a Shelf
Registration Statement is interfered with by any stop order, injunction or other order or
requirement of the SEC or any other governmental agency or court, such Registration Statement will
be deemed not to have become effective during the period of such interference, until the offering
of Registrable Securities pursuant to such Registration Statement may legally resume.

               2.5. Liquidated Damages. In the event that (a) the Exchange Offer Registration
Statement is not filed with the Commission on or prior to the Filing Date (or, if a Shelf
Registration Statement is required to be filed because of the request of any Initial Purchaser,
such Shelf Registration Statement is not filed with the Commission on or prior to the 30th calendar
day following the request by any such Initial Purchasers that the Company file the Shelf
Registration Statement), (b) the Exchange Offer Registration Statement has not been declared
effective on or prior to the 210th calendar day following the Filing Date or a Shelf Registration
Statement is not declared effective on or prior to the 210th calendar day following the filing of
such Shelf Registration Statement or (c) the Exchange Offer is not consummated on or prior to the
45th calendar day following the Exchange Offer Registration Statement being declared effective
(each such event referred to in clauses (a) through (c) above, a “Registration Default”),
the Company will pay liquidated damages to each Holder of Registrable Securities as to which such
Registration Default applies, during the period of such Registration Default, in an amount equal to
$0.192 per week per $1,000 amount of such Registrable Securities held by such Holder until the
applicable Registration Statement is filed or declared effective, the Exchange Offer is consummated
or the Shelf Registration Statement again becomes effective, as the case may be. All accrued
liquidated damages shall be paid to Holders in the same manner as interest payments on the
Securities on semi-annual payment dates which correspond to interest payment dates for the
Securities. Following the cure of all Registration Defaults, the accrual of liquidated damages
will cease.

               3. Registration Procedures.

               In connection with the obligations of the Company with respect to Registration Statements
pursuant to Sections 2.1 and 2.2 hereof, the Company shall:

          (a) prepare and file with the SEC a Registration Statement, within the relevant time
period specified in Section 2, on the appropriate form under the 1933 Act, which form (i)
shall be selected by the Company, (ii) shall, in the case of a Shelf Registration, be
available for the sale of the Registrable Securities by the selling Holders named therein
and by any Affiliated Market Maker, (iii) shall comply as to form in all material respects
with the requirements of the applicable form and include or incorporate by reference all
financial statements required by the SEC to be filed therewith or incorporated by reference
therein, and (iv) shall comply in all respects with the requirements of Regulation S-T under
the 1933 Act, and use its best efforts to cause such Registration Statement to become
effective and remain effective in accordance with Section 2 hereof;

          (b) prepare and file with the SEC such amendments and post-effective amendments to each
Registration Statement as may be necessary under applicable law to keep such Registration
Statement effective for the applicable period; and cause each Prospectus to be supplemented
if so determined by the Company or requested by the SEC, by any required prospectus
supplement, and as so supplemented to be filed pursuant to Rule 424 (or any similar
provision then in force) under the 1933 Act and comply with the provisions of the 1933 Act,
the 1934 Act and the rules and regulations thereunder applicable to them with respect to the
disposition of all securities covered by each Registration Statement during the applicable
period in accordance with the in-

-8-

 

tended method or methods of distribution by the selling Holders thereof described in
this Agreement (including sales by any Participating Broker-Dealer);

          (c) in the case of a Shelf Registration, (i) notify each Holder of Registrable
Securities and each Affiliate Market Maker, at least five business days prior to filing,
that a Shelf Registration Statement with respect to the Registrable Securities is being
filed and advising such Holders that the distribution of Registrable Securities will be made
in accordance with the method selected by the Majority Holders participating in the Shelf
Registration; (ii) furnish to each Holder of Registrable Securities and each Affiliated
Market Maker and to each underwriter of an underwritten offering of Registrable Securities,
if any, without charge, as many copies of each Prospectus, including each preliminary
Prospectus, and any amendment or supplement thereto and such other documents as such Holder
or Affiliated Market Maker or underwriter may reasonably request, including financial
statements and schedules and, if so requested, all exhibits in order to facilitate the
public sale or other disposition of the Registrable Securities; and (iii) hereby consent to
the use of the Prospectus or any amendment or supplement thereto by each of the selling
Holders of Registrable Securities in connection with the offering and sale of the
Registrable Securities covered by the Prospectus or any amendment or supplement thereto and
by each Affiliated Market Maker in connection with sales or market making activities;

          (d) in the case of a Shelf Registration, to register or qualify the Registrable
Securities under all applicable state securities or “blue sky” laws of such jurisdictions as
any Holder of Registrable Securities covered by a Registration Statement and each
underwriter of an underwritten offering of Registrable Securities shall reasonably request
by the time the applicable Registration Statement is declared effective by the SEC, and do
any and all other acts and things which may be reasonably necessary or advisable to enable
each such Holder and underwriter to consummate the disposition in each such jurisdiction of
such Registrable Securities owned by such Holder; provided, however, that the Company shall
not be required to (i) qualify as a foreign corporation or as a dealer in securities in any
jurisdiction where it would not otherwise be required to qualify but for this Section 3(d),
or (ii) take any action which would subject it to general service of process or taxation in
any such jurisdiction where it is not then so subject;

          (e) notify promptly each Holder of Registrable Securities under a Shelf Registration,
each Affiliated Market Maker and any Participating Broker-Dealer who has notified the
Company that it is utilizing the Exchange Offer Registration Statement as provided in
paragraph (f) below and, if requested by such Holder or Affiliated Market Maker or
Participating Broker-Dealer, confirm such advice in writing promptly (i) when a Registration
Statement has become effective and when any post-effective amendments and supplements
thereto become effective, (ii) of any request by the SEC or any state securities authority
for post-effective amendments and supplements to a Registration Statement and Prospectus or
for additional information after the Registration Statement has become effective, (iii) of
the issuance by the SEC or any state securities authority of any stop order suspending the
effectiveness of a Registration Statement or the initiation of any proceedings for that
purpose, (iv) in the case of a Shelf Registration, if, between the effective date of a
Registration Statement and the closing of any sale of Registrable Securities covered
thereby, the representations and warranties of the Company contained in any underwriting
agreement, securities sales agreement or other similar agreement, if any, relating to the
offering cease to be true and correct in all material respects, (v) of the happening of any
event or the discovery of any facts during the period a Shelf Registration Statement is
effective which makes any statement made in such Registration Statement or the related
Prospectus untrue in any material respect or which requires the making of any changes in
such Registration Statement or Prospectus in order to make the statements therein not
misleading, (vi) of the receipt by the Company of any notification with respect to the
suspension of the qualification of the Registrable Securities or the Exchange Securities, as
the case may be, for sale in any jurisdiction or the initiation or threatening of any
proceed-

-9-

 

ing for such purpose and (vii) of any determination by the Company that a
post-effective amendment to such Registration Statement would be appropriate;

          (f) (A) in the case of the Exchange Offer Registration Statement (i) include in the
Exchange Offer Registration Statement a section entitled “Plan of Distribution” which
section shall be reasonably acceptable to the Initial Purchasers on behalf of the
Participating Broker-Dealers, and which shall contain a summary statement of the positions
taken or policies made by the staff of the SEC with respect to the potential “underwriter”
status of any broker-dealer that holds Registrable Securities acquired for its own account
as a result of market-making activities or other trading activities and that will be the
beneficial owner (as defined in Rule 13d-3 under the Exchange Act) of Exchange Securities to
be received by such broker-dealer in the Exchange Offer, whether such positions or policies
have been publicly disseminated by the staff of the SEC or such positions or policies, in
the reasonable judgment of the Initial Purchasers and their counsel, represent the
prevailing views of the staff of the SEC, including a statement that any such broker-dealer
who receives Exchange Securities for Registrable Securities pursuant to the Exchange Offer
may be deemed a statutory underwriter and must deliver a prospectus meeting the requirements
of the 1933 Act in connection with any resale of such Exchange Securities, (ii) furnish to
each Participating Broker-Dealer who has delivered to the Company the notice referred to in
Section 3(e), without charge, as many copies of each Prospectus included in the Exchange
Offer Registration Statement, including any preliminary prospectus, and any amendment or
supplement thereto, as such Participating Broker-Dealer may reasonably request, (iii) hereby
consent to the use of the Prospectus forming part of the Exchange Offer Registration
Statement or any amendment or supplement thereto, by any person subject to the prospectus
delivery requirements of the SEC, including all Participating Broker-Dealers, in connection
with the sale or transfer of the Exchange Securities covered by the Prospectus or any
amendment or supplement thereto, for a period not to exceed 180 days, and (iv) include in
the transmittal letter or similar documentation to be executed by an exchange offeree in
order to participate in the Exchange Offer (x) the following provision:

“If the exchange offeree is a broker-dealer holding Registrable Securities acquired
for its own account as a result of market-making activities or other trading
activities, it will deliver a prospectus meeting the requirements of the Securities
Act of 1933 in connection with any resale of Exchange Securities received in respect
of such Registrable Securities pursuant to the Exchange Offer;” and

(y) a statement to the effect that by a broker-dealer making the acknowledgment described in
clause (x) and by delivering a Prospectus in connection with the exchange of Registrable
Securities, the broker-dealer will not be deemed to admit that it is an underwriter within
the meaning of the 1933 Act; and

     (B) in the case of any Exchange Offer Registration Statement, the Company agrees, if
requested by the Initial Purchasers, to deliver to the Initial Purchasers on behalf of the
Participating Broker-Dealers upon consummation of the Exchange Offer (i) an opinion of
counsel or opinions of counsel in form and substance reasonably satisfactory to the Initial
Purchasers covering the matters customarily covered in underwritten offerings and such other
matters as may be reasonably requested (it being agreed that the matters to be covered by
such opinion may be subject to customary qualifications and exceptions), (ii) an officers’
certificate containing certifications substantially similar to those set forth in Section
5(c) of the Purchase Agreement and such other certifications as are customarily delivered in
a public offering of debt securities and (iii) as well as upon effectiveness of the Exchange
Offer Registration Statement, a comfort letter or comfort letters, in customary form if
permitted by Statement on Auditing Standards No. 72 of the American Institute of Certified
Public Accountants (or if such a comfort letter is not permitted, an

-10-

 

agreed upon procedures letter in customary form) from the Company’s independent
certified public accountants (and, if necessary, any other independent certified public
accountants of any subsidiary of the Company or of any business acquired by the Company for
which financial statements are, or are required to be, included in the Registration
Statement);

     (g) (i) in the case of an Exchange Offer, furnish counsel for the Initial Purchasers
and (ii) in the case of a Shelf Registration, furnish counsel for the Holders of Registrable
Securities copies of any comment letters received from the SEC or any other request by the
SEC or any state securities authority for amendments or supplements to a Registration
Statement and Prospectus or for additional information;

     (h) make every reasonable effort to obtain the withdrawal of any order suspending the
effectiveness of a Registration Statement at the earliest possible moment;

     (i) in the case of a Shelf Registration, furnish to each Holder of Registrable
Securities and each Affiliated Market Maker included within the coverage of such Shelf
Registration Statement, and each underwriter, if any, without charge, at least one conformed
copy of each Registration Statement and any post-effective amendment thereto, including
financial statements and schedules (without documents incorporated therein by reference and
all exhibits thereto, unless requested);

     (j) in the case of a Shelf Registration, cooperate with the selling Holders of
Registrable Securities to facilitate the timely preparation and delivery of certificates
representing Registrable Securities to be sold and not bearing any restrictive legends; and
enable such Registrable Securities to be in such denominations (consistent with the
provisions of the Indenture) and registered in such names as the selling Holders or the
underwriters, if any, may reasonably request at least two business days prior to the closing
of any sale of Registrable Securities pursuant to such Shelf Registration Statement;

     (k) in the case of a Shelf Registration, upon the occurrence of any circumstance
contemplated by Sections 3(e)(v) and 3(e)(vi) hereof as promptly as practicable after the
occurrence of such event, use its best efforts to prepare a supplement or post-effective
amendment to the Registration Statement or the related Prospectus or any document
incorporated therein by reference or file any other required document so that, as thereafter
delivered to the purchasers of the Registrable Securities or Participating Broker-Dealers or
Affiliated Market Makers, such Prospectus will not contain at the time of such delivery any
untrue statement of a material fact or omit to state a material fact necessary to make the
statements therein, in light of the circumstances under which they were made, not misleading
or will remain so qualified. At such time as such public disclosure is otherwise made or
the Company determines that such disclosure is not necessary, in each case, to correct any
misstatement of a material fact or to include any omitted material fact, the Company agrees
promptly to notify each Holder of such determination and to furnish each Holder such number
of copies of the Prospectus as amended or supplemented, as such Holder may reasonably
request;

     (l) in the case of a Shelf Registration, a reasonable time prior to the filing of any
Registration Statement, any Prospectus, any amendment to a Registration Statement or
supplement to a Prospectus or any document which is to be incorporated by reference into a
Registration Statement or Prospectus after initial filing of a Registration Statement,
provide copies of such document to the Initial Purchasers on behalf of such Holders and to
each Affiliated Market Maker; and make representatives of the Company as shall be reasonably
requested by the Holders of Registrable Securities, or the Initial Purchasers on behalf of
such Holders, or Affiliated Market Makers available for discussion of such document;

-11-

 

     (m) obtain a CUSIP number for all Exchange Securities, Private Exchange Securities or
Registrable Securities, as the case may be, not later than the effective date of a
Registration Statement, and provide the Trustee with printed certificates for the Exchange
Securities, Private Exchange Securities or Registrable Securities, as the case may be, in a
form eligible for deposit with the Depositary;

     (n) (i) cause the Indenture or an indenture to be qualified under the TIA in
connection with the registration of the Exchange Securities or Registrable Securities, as
the case may be, (ii) cooperate with the Trustee and the Holders to effect such changes to
the Indenture as may be required for the Indenture to be so qualified in accordance with the
terms of the TIA and (iii) execute, and use its best efforts to cause the Trustee to
execute, all documents as may be required to effect such changes, and all other forms and
documents required to be filed with the SEC to enable the Indenture or an indenture to be so
qualified in a timely manner;

     (o) in the case of a Shelf Registration, enter into agreements (including underwriting
agreements) and take all other customary and appropriate actions as are reasonably requested
in order to expedite or facilitate the disposition of such Registrable Securities, and in
such connection whether or not an underwriting agreement is entered into and whether or not
the registration is an underwritten registration, if requested by (x) any Initial Purchaser,
in the case where an Initial Purchasers holds Securities acquired by it as part of its
initial distribution and (y) other Holders of Securities covered thereby:

          (i) make such representations and warranties to the Holders of such Registrable
Securities and the underwriters, if any, as are customarily made by issuers to
underwriters in similar underwritten offerings;

          (ii) obtain opinions of counsel to the Company and updates thereof (which
counsel and opinions (in form, scope and substance) shall be reasonably satisfactory
to the managing underwriters, if any, and the Holders of a majority in principal
amount of the Registrable Securities being sold) addressed to each selling Holder
and the underwriters, if any, covering the matters customarily covered in opinions
requested in sales of securities or underwritten offerings and such other matters as
may be reasonably requested by such Holders and underwriters (it being agreed that
the matters to be covered by such opinion may be subject to customary qualifications
and exceptions);

          (iii) obtain “cold comfort” letters and updates thereof from the Company’s
independent certified public accountants (and, if necessary, any other independent
certified public accountants of any subsidiary of the Company or of any business
acquired by the Company for which financial statements are, or are required to be,
included in the Registration Statement) addressed to the underwriters, with copies
to each of the selling Holders of Registrable Securities, such letters to be in
customary form and covering matters of the type customarily covered in “cold
comfort” letters to underwriters in connection with similar underwritten offerings
in accordance with Statement on Auditing Standards No. 72 of the American Institute
of Certified Public Accountants;

          (iv) enter into a securities sales agreement with the Holders and an agent of
the Holders providing for, among other things, the appointment of such agent for the
selling Holders for the purpose of soliciting purchases of Registrable Securities,
which agreement shall be in form, substance and scope customary for similar
offerings;

          (v) if an underwriting agreement is entered into, cause the same to set forth
indemnification provisions and procedures substantially equivalent to
the in-

-12-

 

demnification provisions and procedures set forth in Section 4 hereof with
respect to the underwriters and all other parties to be indemnified pursuant to said
Section or, at the request of any underwriters, in the form customarily provided to
such underwriters in similar types of transactions; and

          (vi) deliver such documents and certificates as may be reasonably requested and
as are customarily delivered in similar offerings to the Holders of a majority in
principal amount of the Registrable Securities being sold and the managing
underwriters, if any.

The above shall be done at each closing under any underwriting or similar agreement or as
and to the extent required thereunder.

     (p) in the case of a Shelf Registration or if a Prospectus is required to be delivered
by any Participating Broker-Dealer in the case of an Exchange Offer, make reasonably
available for inspection by representatives of the Holders of the Registrable Securities,
any underwriters participating in any disposition pursuant to a Shelf Registration
Statement, any Participating Broker-Dealer and any counsel or accountant retained by any of
the foregoing (collectively, the “Inspectors”), at the offices where normally kept,
during reasonable business hours, all financial and other records, pertinent corporate
documents and properties of the Company (collectively, the “Records”) reasonably
necessary to enable such persons to exercise any applicable due diligence responsibilities,
and cause the respective officers, directors, employees, and any other agents of the Company
to supply all information reasonably requested by any such representative, underwriter,
special counsel or accountant in connection with a Registration Statement, and make such
representatives of the Company available for discussion of such documents as shall be
reasonably requested by the Initial Purchasers; provided, however, that the foregoing
inspection and information gathering shall be coordinated by the Initial Purchasers on their
own behalf and on behalf of the other parties, by one counsel designated by the holders of a
Majority of the Registrable Securities. Records which the Company determines, in good
faith, to be confidential and any records which it notifies the Inspectors are confidential
shall not be disclosed by the Inspectors unless (i) the disclosure of such Records is
necessary to avoid or correct a material misstatement or omission in such Registration
Statement or is otherwise required by law, (ii) the release of such Records is ordered
pursuant to a subpoena or other order from a court of competent jurisdiction or is necessary
in connection with any action, suit or proceeding or (iii) the information in such Records
has been made generally available to the public. Each selling Holder of such Registrable
Securities and each such Participating Broker-Dealer will be required to agree in writing
that information obtained by it as a result of such inspections shall be deemed confidential
and shall not be used by it as the basis for any market transactions in the securities of
the Company unless and until such is made generally available to the public. Each selling
Holder of such Registrable Securities and each such Participating Broker-Dealer will be
required to further agree in writing that it will, upon learning that disclosure of such
Records is sought in a court of competent jurisdiction, give notice to the Company and allow
the Company at its expense to undertake appropriate action to prevent disclosure of the
Records deemed confidential;

     (q) (i) in the case of an Exchange Offer Registration Statement a reasonable time
prior to the filing of any Exchange Offer Registration Statement, any Prospectus forming a
part thereof, any amendment to an Exchange Offer Registration Statement or amendment or
supplement to such Prospectus, provide copies of such document to the Initial Purchasers or
counsel to the Holders of Registrable Securities and make such changes in any such document
prior to the filing thereof as the Initial Purchasers to counsel to the Holders of
Registrable Securities and may reasonably request and, except as otherwise required by
applicable law, nor file any such document in a form to which the Initial Purchasers on
behalf of the Holders of Registrable Securities

-13-

 

and counsel to Holders of Registrable Securities shall not have previously been advised
and furnished a copy of or to which the Initial Purchasers on behalf of the Holders of
Registrable Securities shall reasonably object and make the representatives of the Company
available for discussion of such documents as shall be reasonably requested by the Initial
Purchasers, and

     (ii) in the case of a Shelf Registration, a reasonable time prior to filing any Shelf
Registration Statement, any Prospectus forming a part thereof, any amendment to such Shelf
Registration Statement or amendment or supplement to such Prospectus, provide copies of such
document to the Holders of Registrable Securities, to the Initial Purchasers, to counsel on
behalf of the Holders and to the underwriter or underwriters of an underwritten offering of
Registrable Securities, if any, make such changes in any such document prior to the filing
thereof as the Initial Purchasers, the counsel to the Holders or the underwriter or
underwriters reasonably request and not file any such document in a form to which the
Majority Holders, the Initial Purchasers on behalf of the Holders of the Registrable
Securities, counsel to the Holders of Registrable Securities or any underwriter shall
reasonably object, and make the representatives of the Company available for discussion of
such document as shall be reasonably requested by the Holders of Registrable Securities, the
Initial Purchasers on behalf of such Holders, or any underwriter;

     (r) in the case of a Shelf Registration, use its best efforts to cause all Registrable
Securities to be listed on any securities exchange on which similar debt securities issued
by the Company are then listed if requested by the Majority Holders, or if requested by the
underwriter or underwriters of an underwritten offering of Registrable Securities, if any;

     (s) in the case of a Shelf Registration, use its best efforts to cause the Registrable
Securities to be rerated by the appropriate rating agencies, if so requested by the Majority
Holders, or if requested by the underwriter or underwriters of an underwritten offering of
Registrable Securities, if any;

     (t) comply with all applicable rules and regulations of the SEC so long as any
provision of this Agreement shall be applicable and make available to its security holders
an earning statement satisfying the provisions of Section 11(a) of the 1933 Act and Rule 158
thereunder (or any similar rule promulgated under the 1933 Act) no later than the end of any
12-month period (or 90 days after the end of any 12-month period if such period is a fiscal
year) (i) commencing at the end of any fiscal quarter in which Registrable Securities are
sold to underwriters in a firm commitment or best efforts underwritten offering and (ii) if
not sold to underwriters in such an offering, commencing on the first day of the first
fiscal quarter of the Company after the effective date of a Registration Statement, which
statement shall cover said 12-month periods;

     (u) cooperate and assist in any filings required to be made with the NASD and, in the
case of a Shelf Registration, in the performance of any due diligence investigation by any
underwriter and its counsel (including any “qualified independent underwriter” that is
required to be retained in accordance with the rules and regulations of the NASD); and

     (v) upon consummation of an Exchange Offer or a Private Exchange, if requested by the
Trustee, obtain a customary opinion of counsel to the Company addressed to the Trustee for
the benefit of all Holders of Registrable Securities participating in the Exchange Offer or
Private Exchange, and which includes an opinion that (i) the Company has duly authorized,
executed and delivered the Exchange Securities and/or Private Exchange Securities, as
applicable and the related indenture, and (ii) each of the Exchange Securities and related
indenture constitute a legal, valid and binding obligation of the Company, enforceable
against the Company in accordance with its respective terms (in each case with customary
exceptions).

-14-

 

          The Company may (as a condition to such Holder’s participation in the Shelf Registration)
require each Holder of Registrable Securities to furnish to the Company such information regarding
the Holder and the proposed distribution by such Holder of such Registrable Securities for
inclusion in any Shelf Registration Statement or Prospectus included therein as the Company may
from time to time reasonably request in writing. The Company shall have no obligation to register
under the 1933 Act the Registrable Securities of a seller who so fails to furnish such information
within a reasonable time after receiving such request. Each Holder as to which any Shelf
Registration is being effected agrees to furnish to the Company all information with respect to
such Holder necessary to make the information previously furnished to the Company by such Holder
not materially misleading.

          In the case of a Shelf Registration Statement, each Holder and each Affiliated Market Maker
agrees that, upon receipt of any notice from the Company of the occurrence of a circumstance
contemplated by Sections 3(e)(v) and 3(e)(vi) hereof, such Holder will forthwith discontinue
disposition of Registrable Securities pursuant to a Registration Statement until such Person’s
receipt of the copies of the supplemented or amended Prospectus contemplated by Section 3(k)
hereof, and, if so directed by the Company, such Holder will deliver to the Company (at its
expense) all copies in such Person’s possession of the Prospectus covering such Registrable
Securities current at the time of receipt of such notice.

          If any of the Registrable Securities covered by any Shelf Registration Statement are to be
sold in an underwritten offering, the underwriter or underwriters and manager or managers that will
manage such offering will be selected by the Majority Holders of such Registrable Securities
included in such offering and shall be acceptable to the Company. No Holder of Registrable
Securities may participate in any underwritten registration hereunder unless such Holder (a) agrees
to sell such Holder’s Registrable Securities on the basis provided in any underwriting arrangements
approved by the persons entitled hereunder to approve such arrangements and (b) completes and
executes all questionnaires, powers of attorney, indemnities, underwriting agreements and other
documents required under the terms of such underwriting arrangements.

          4. Indemnification; Contribution.

          (a) In connection with any Registration Statement, the Company agrees to indemnify and hold
harmless the Initial Purchasers, each Holder, each Participating Broker-Dealer, each person who
participates as an underwriter (any such person being an “Underwriter”) and each Person, if
any, who controls any Holder or Underwriter within the meaning of Section 15 of the 1933 Act or
Section 20 of the 1934 Act as follows:

          (i) against any and all loss, liability, claim, damage and expense whatsoever, as
incurred, arising out of any untrue statement or alleged untrue statement of a material fact
contained in any Registration Statement (or any amendment or supplement thereto) pursuant to
which Exchange Securities or Registrable Securities were registered under the 1933 Act,
including all documents incorporated therein by reference, or the omission or alleged
omission therefrom of a material fact required to be stated therein or necessary to make the
statements therein not misleading, or arising out of any untrue statement or alleged untrue
statement of a material fact contained in any Prospectus (or any amendment or supplement
thereto) or the omission or alleged omission therefrom of a material fact necessary in order
to make the statements therein, in the light of the circumstances under which they were
made, not misleading;

          (ii) against any and all loss, liability, claim, damage and expense whatsoever, as
incurred, to the extent of the aggregate amount paid in settlement of any litigation, or any
investigation or proceeding by any governmental agency or body, commenced or threatened, or
of any claim whatsoever based upon any such untrue statement or omission, or any such
alleged untrue

-15-

 

statement or omission; provided, that (subject to Section 4(d) below) any such
settlement is effected with the written consent of the Company; and

          (iii) against any and all expense whatsoever, as incurred (including the fees and
disbursements of counsel chosen by any indemnified party), reasonably incurred in
investigating, preparing or defending against any litigation, or any investigation or
proceeding by any governmental agency or body, commenced or threatened, or any claim
whatsoever based upon any such untrue statement or omission, or any such alleged untrue
statement or omission, to the extent that any such expense is not paid under subparagraph
(i) or (ii) above;

provided, however, that the indemnity agreement of this Section 4 shall not apply to any loss,
liability, claim, damage or expense to the extent arising out of any untrue statement or omission
or alleged untrue statement or omission made in reliance upon and in conformity with written
information furnished to the Company by the Holder or Underwriter expressly for use in a
Registration Statement (or any amendment thereto) or any Prospectus (or any amendment or supplement
thereto); provided, further, that the Company shall not be liable to any such Holder, Participating
Broker-Dealer or controlling person, with respect to any untrue statement or alleged untrue
statement or omission or alleged omission in any preliminary Prospectus to the extent that any such
loss, liability, claim, damage or expense of any Holder, Participating Broker-Dealer or controlling
person results from the fact that such Holder or Participating Broker-Dealer sold Securities to a
person to whom there was not sent or given, at or prior to the written confirmation of such sale, a
copy of the final Prospectus as then amended or supplemented if the Company had previously
furnished copies thereof to such Holder or Participating Broker-Dealer and the loss, liability,
claim, damage or expense of such Holder, Participating Broker-Dealer or controlling person results
from an untrue statement or omission of a material fact contained in the preliminary Prospectus
which was corrected in the final Prospectus. Any amounts advanced by the Company to an indemnified
party pursuant to this Section 4 as a result of such losses shall be returned to the Company if it
shall be finally determined by such a court in a judgment not subject to appeal or final review
that such indemnified party was not entitled to indemnification by the Company.

          (b) Each Holder severally, but not jointly, agrees to indemnify and hold harmless the Company,
the Initial Purchasers, each Underwriter and the other selling Holders, and each of their
respective directors and officers, and each Person, if any, who controls the Company, the Initial
Purchasers, each Underwriter or any other selling Holder within the meaning of Section 15 of the
1933 Act or Section 20 of the 1934 Act, against any and all loss, liability, claim, damage and
expense described in the indemnity contained in Section 4(a) hereof, as incurred, but only with
respect to untrue statements or omissions, or alleged untrue statements or omissions, made in the
Shelf Registration Statement (or any amendment thereto) or any Prospectus included therein (or any
amendment or supplement thereto) in reliance upon and in conformity with written information with
respect to such Holder furnished to the Company by such Holder expressly for use in the Shelf
Registration Statement (or any amendment thereto) or such Prospectus (or any amendment or
supplement thereto); provided, however, that no such Holder shall be liable for any claims
hereunder in excess of the amount of net proceeds received by such Holder from the sale of
Registrable Securities pursuant to such Shelf Registration Statement.

          (c) Each indemnified party shall give notice as promptly as reasonably practicable to each
indemnifying party of any action or proceeding commenced against it in respect of which indemnity
may be sought hereunder, but failure so to notify an indemnifying party shall not relieve such
indemnifying party from any liability hereunder to the extent it is not materially prejudiced as a
result thereof and in any event shall not relieve it from any liability which it may have otherwise
than on account of the indemnity agreement of this Section 4. An indemnifying party may
participate at its own expense in the defense of such action. If an indemnifying party so elects
within a reasonable time after receipt of such notice, an indemnifying party, severally or jointly
with any other indemnifying parties receiving such notice, may assume the defense of such action
with counsel chosen by it and reasonably acceptable to the

-16-

 

indemnified parties defendant (or target of) in such action, provided, however, that if (i)
representation of such indemnified party by the same counsel would present a conflict of interest
or (ii) the actual or potential defendants in, or targets of, any such action include both the
indemnified party and the indemnifying party and any such indemnified party reasonably determines
that there may be legal defenses available to such indemnified party which are different from or in
addition to those available to such indemnifying party, then in the case of clauses (i) or (ii) of
this Section 4(c) such indemnifying party and counsel for each indemnifying party or parties shall
not be entitled to assume such defense. If an indemnifying party is not entitled to assume the
defense of such action as a result of the proviso to the preceding sentence, counsel for each
indemnified party or parties shall be entitled to conduct the defense of such indemnified party or
parties. If an indemnifying party assumes the defense of such action, in accordance with and as
permitted by the provisions of this paragraph, such indemnifying parties shall not be liable for
any fees and expenses of counsel for the indemnified parties incurred thereafter in connection with
such action. In no event shall the indemnifying party or parties be liable for the fees and
expenses of more than one counsel (in addition to any local counsel) separate from their own
counsel for all indemnified parties in connection with any one action or separate but similar or
related actions in the same jurisdiction arising out of the same general allegations or
circumstances. No indemnifying party shall, without the prior written consent of the indemnified
parties, settle or compromise or consent to the entry of any judgment with respect to any
litigation, or any investigation or proceeding by any governmental agency or body, commenced or
threatened, or any claim whatsoever in respect of which indemnification or contribution could be
sought under this Section 4 (whether or not the indemnified parties are actual or potential parties
thereto), unless such settlement, compromise or consent (i) includes an unconditional release of
each indemnified party from all liability arising out of such litigation, investigation, proceeding
or claim and (ii) does not include a statement as to or an admission of fault, culpability or a
failure to act by or on behalf of any indemnified party.

          (d) If at any time an indemnified party shall have requested an indemnifying party to
reimburse the indemnified party for fees and expenses of counsel, such indemnifying party agrees
that it shall be liable for any settlement of the nature contemplated by Section 4(a)(ii) effected
without its written consent if (i) such settlement is entered into more than 45 days after receipt
by such indemnifying party of the aforesaid request, (ii) such indemnifying party shall have
received notice of the terms of such settlement at least 30 days prior to such settlement being
entered into and (iii) such indemnifying party shall not have reimbursed such indemnified party in
accordance with such request prior to the date of such settlement. Notwithstanding the immediately
preceding sentence, if at any time an indemnified party shall have requested an indemnifying party
to reimburse the indemnified party for fees and expenses of counsel, an indemnifying party shall
not be liable for any settlement of the nature contemplated by Section 4(a)(ii) effected without
its consent if such indemnifying party (i) reimburses such indemnified party in accordance with
such request to the extent it considers such request to be reasonable and (ii) provides written
notice to the indemnified party substantiating the unpaid balance as unreasonable, in each case
prior to the date of such settlement.

          (e) If the indemnification provided for in this Section 4 is for any reason unavailable to or
insufficient to hold harmless an indemnified party in respect of any losses, liabilities, claims,
damages or expenses referred to therein, then each indemnifying party shall contribute to the
aggregate amount of such losses, liabilities, claims, damages and expenses incurred by such
indemnified party, as incurred, in such proportion as is appropriate to reflect the relative
benefits received by the Company on the one hand, and the Holders and the Initial Purchasers on the
other hand, in connection with the statements or omissions which resulted in such losses,
liabilities, claims, damages or expenses, as well as any other relevant equitable considerations.

          The relative fault of the Company on the one hand and the Holders and the Initial Purchasers
on the other hand shall be determined by reference to, among other things, whether any such untrue
or alleged untrue statement of a material fact or omission or alleged omission to state a material
fact

-17-

 

relates to information supplied by the Company, the Holders or the Initial Purchasers and the
parties’ relative intent, knowledge, access to information and opportunity to correct or prevent
such statement or omission.

          The Company, the Holders and the Initial Purchasers agree that it would not be just and
equitable if contribution pursuant to this Section 4 were determined by pro rata allocation (even
if the Initial Purchasers were treated as one entity for such purpose) or by any other method of
allocation which does not take account of the equitable considerations referred to above in this
Section 4(e). The aggregate amount of losses, liabilities, claims, damages and expenses incurred
by an indemnified party and referred to above in this Section 4(e) shall be deemed to include any
legal or other expenses reasonably incurred by such indemnified party in investigating, preparing
or defending against any litigation, or any investigation or proceeding by any governmental agency
or body, commenced or threatened, or any claim whatsoever based upon any such untrue or alleged
untrue statement or omission or alleged omission.

          Notwithstanding the provisions of this Section 4(e), no Initial Purchaser shall be required to
contribute any amount in excess of the amount by which the total price at which the Securities sold
by it were offered exceeds the amount of any damages which such Initial Purchaser has otherwise
been required to pay by reason of such untrue or alleged untrue statement or omission or alleged
omission.

          No person guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the
1933 Act) shall be entitled to contribution from any person who was not guilty of such fraudulent
misrepresentation.

          For purposes of this Section 4(e), each Person, if any, who controls an Initial Purchaser or
Holder within the meaning of Section 15 of the 1933 Act or Section 20 of the 1934 Act shall have
the same rights to contribution as such Initial Purchaser or Holder, and each director of the
Company and each Person, if any, who controls the Company within the meaning of Section 15 of the
1933 Act or Section 20 of the 1934 Act shall have the same rights to contribution as the Company.

          5. Additional Agreements with Respect to Affiliated Market
Makers.

          5.1. From and after the effectiveness of any Registration Statement, the Company shall, for so
long as any Securities, Exchange Securities or Private Exchange Securities are outstanding and any
Affiliated Market Maker is required by applicable law in the judgment of counsel to the Initial
Purchasers, after consultation with counsel to the Company to deliver a prospectus in connection
with sales or market making activities, periodically amend each Registration Statement or amend
each Prospectus covering Securities, Exchange Securities or Private Exchange Securities to reflect
the occurrence of any fact or information becoming known to the Company that should be set forth in
an amendment to any such Registration Statement or in a supplement to any such Prospectus so that
each such Prospectus, when delivered by an Affiliated Market Maker to a purchaser in connection
with sales or market marking activities of such Affiliated Market Maker, will comply with
applicable law.

          5.2. Prior to filing any amendment to any such Registration Statement or any supplement to any
such Prospectus, the Company shall furnish a reasonable period of time prior to the proposed filing
thereof to each Affiliated Market Maker and their counsel copies of all such documents proposed to
be filed, which documents shall be subject to review. The Company shall provide to each Affiliated
Market Maker and such counsel such reasonable number of copies of each filed amendment or
supplement as shall be requested and hereby consents to the use of such Prospectus or any amendment
or supplement thereto by each Affiliated Market Maker in connection with sales or market making
activities with respect to the Securities, Exchange Securities or Private Exchange Securities.

-18-

 

          5.3. In connection with any such sales or market making activities as contemplated by this
Section 5, the Company agrees to indemnify each Affiliated Market Maker, and if applicable to
contribute to such Affiliated Market Maker and such Affiliated Market Maker agrees to indemnify the
Company, and if applicable to contribute to the Company, in each case in a manner substantially
identical to that specified in Section 4 hereof.

          5.4. In the case of a Registration Statement, each Affiliated Market Maker agrees that, upon
receipt of any notice from the Company of the occurrence of a circumstance contemplated by the
following:

          (i) the happening of any event or the discovery of any facts during the period a
Registration Statement is effective which makes any statement made in such Registration
Statement or the related Prospectus untrue in any material respect or which requires the
making of any changes in such Registration Statement or Prospectus in order to make the
statements therein not misleading; or

          (ii) the receipt by the Company of any notification with respect to the suspension of
the qualification of the Exchange Securities, for sale in any jurisdiction or the initiation
or threatening of any proceeding for such purpose, such Affiliated Market Maker will
forthwith discontinue disposition of such Exchange Securities, pursuant to a Registration
Statement until such Person’s receipt of the copies of the supplemented or amended
Prospectus in accordance with the following:

          (iii) that as promptly as practicable after the occurrence of an event contemplated by
(i) and (ii) of this Section 5.4, the Company shall use its best efforts to prepare a
supplement or post-effective amendment to the Registration Statement or the related
Prospectus or any document incorporated therein by reference or file any other required
document so that, as thereafter delivered to the purchasers of the Exchange Securities, such
Prospectus will not contain at the time of such delivery any untrue statement of a material
fact or omit to state a material fact necessary to make the statements therein, in light of
the circumstances under which they are made, not misleading or will remain so qualified.

          Further, if so directed by the Company, such Affiliated Market Maker will deliver to the
Company (at its expense) all copies in such Person’s possession of the Prospectus covering such
Exchange Securities current at the time of receipt of such notice.

          6. Miscellaneous.

          6.1. Rule 144 and Rule 144A. For so long as the Company is subject to the reporting
requirements of Section 13 or 15 of the 1934 Act and any Registrable Securities remain outstanding,
the Company will file the reports required to be filed by it under the 1933 Act and Section 13(a)
or 15(d) of the 1934 Act and the rules and regulations adopted by the SEC thereunder. If the
Company ceases to be so required to file such reports, the Company covenants that it will upon the
request of any Holder of Registrable Securities (a) make publicly available such information as is
necessary to permit sales pursuant to Rule 144 under the 1933 Act, (b) deliver such information to
a prospective purchaser as is necessary to permit sales pursuant to Rule 144A under the 1933 Act
and it will take such further action as any Holder of Registrable Securities may reasonably
request, and (c) take such further action that is reasonable in the circumstances, in each case, to
the extent required from time to time to enable such Holder to sell its Registrable Securities
without registration under the 1933 Act within the limitation of the exemptions provided by (i)
Rule 144 under the 1933 Act, as such Rule may be amended from time to time, (ii) Rule 144A under
the 1933 Act, as such Rule may be amended from time to time, or (iii) any similar rules or
regulations hereafter adopted by the SEC. Upon the request of any Holder of Registrable Securi-

-19-

 

ties, the Company will deliver to such Holder a written statement as to whether it has
complied with such requirements.

          6.2. No Inconsistent Agreements. The Company has not entered into and the Company
will not after the date of this Agreement enter into any agreement which is inconsistent with the
rights granted to the Holders of Registrable Securities in this Agreement or otherwise conflicts
with the provisions hereof. The rights granted to the Holders hereunder do not in any way conflict
with the rights granted to the holders of the Company’s other issued and outstanding securities
under any such agreements.

          6.3. Amendments and Waivers. The provisions of this Agreement, including the
provisions of this sentence, may not be amended, modified or supplemented, and waivers or consents
to departures from the provisions hereof may not be given unless the Company has obtained the
written consent of Holders of at least a majority in aggregate principal amount of the outstanding
Registrable Securities affected by such amendment, modification, supplement, waiver or departure.

          6.4. Notices. All notices and other communications provided for or permitted
hereunder shall be made in writing by hand delivery, registered first-class mail, telex,
telecopier, or any courier guaranteeing overnight delivery (a) if to a Holder, at the most current
address given by such Holder to the Company by means of a notice given in accordance with the
provisions of this Section 6.4, which address initially shall be the address set forth in Section
12 of the Purchase Agreement with respect to the Initial Purchasers; and (b) if to the Company,
initially at the Company’s address set forth in Section 12 of the Purchase Agreement, and
thereafter at such other address of which notice is given in accordance with the provisions of this
Section 6.4.

          All such notices and communications 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 answered back, if telexed; when receipt is acknowledged, if
telecopied; and on the next business day if timely delivered to an air courier guaranteeing
overnight delivery.

          Copies of all such notices, demands, or other communications shall be concurrently delivered
by the person giving the same to the Trustee under the Indenture, at the address specified in such
Indenture.

          6.5. Successor and Assigns. This Agreement shall inure to the benefit of and be
binding upon the successors, assigns and transferees of each of the parties, including, without
limitation and without the need for an express assignment, subsequent Holders; provided that
nothing herein shall be deemed to permit any assignment, transfer or other disposition of
Registrable Securities in violation of the terms of the Purchase Agreement or the Indenture. If
any transferee of any Holder shall acquire Registrable Securities, in any manner, whether by
operation of law or otherwise, such Registrable Securities shall be held subject to all of the
terms of this Agreement, and by taking and holding such Registrable Securities such person shall be
conclusively deemed to have agreed to be bound by and to perform all of the terms and provisions of
this Agreement, including the restrictions on resale set forth in this Agreement and, if
applicable, the Purchase Agreement, and such person shall be entitled to receive the benefits
hereof.

          6.6. Third Party Beneficiaries. The Initial Purchasers (even if the Initial
Purchasers are not Holders of Registrable Securities) shall be third party beneficiaries to the
agreements made hereunder between the Company, on the one hand, and the Holders, on the other hand,
and shall have the right to enforce such agreements directly to the extent they deem such
enforcement necessary or advisable to protect their rights or the rights of Holders hereunder.
Each Holder of Registrable Securities shall be a third party beneficiary to the agreements made
hereunder between the Company, on the one hand and the

-20-

 

Initial Purchasers on the other hand, and shall have the right to enforce such agreements
directly to the extent it deems such enforcement necessary or advisable to protect its rights
hereunder.

          6.7. Specific Enforcement. Without limiting the remedies available to the Initial
Purchasers and the Holders, the Company acknowledges that any failure by the Company to comply with
its obligations under Section 2.1 through 2.4 hereof may result in material irreparable injury to
the Initial Purchasers or the Holders for which there is no adequate remedy at law, that it would
not be possible to measure damages for such injuries precisely and that, in the event of any such
failure, the Initial Purchasers or any Holder may obtain such relief as may be required to
specifically enforce the Company’s obligations under Section 2.1 through 2.4 hereof.

          6.8. Counterparts. This Agreement may be executed in any number of counterparts and
by the parties hereto in separate counterparts, each of which when so executed shall be deemed to
be an original and all of which taken together shall constitute one and the same agreement.

          6.9. Headings. The headings in this Agreement are for convenience of reference only
and shall not limit or otherwise affect the meaning hereof.

          6.10. GOVERNING LAW. THIS AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE
WITH THE LAW OF THE STATE OF NEW YORK WITHOUT REGARD TO THE PRINCIPLES OF CONFLICT OF LAWS THEREOF.

          6.11. Severability. In the event that any one or more of the provisions contained
herein, or the application thereof in any circumstance, is held invalid, illegal or unenforceable,
the validity, legality and enforceability of any such provision in every other respect and of the
remaining provisions contained herein shall not be affected or impaired thereby.

-21-

 

 

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

	 	 	 	 	 	 	 
	 	 	 	 	FISHER SCIENTIFIC INTERNATIONAL INC.
	 
	 

	 	 	 	By:
	 	/s/ Kevin P. Clark
	 

	 	 	 	 	 	 
	 

	 	 	 	 	 	Name: Kevin P. Clark

Title:   Vice President and Chief Financial
Officer
	Confirmed and accepted as of
the date first above
written:	 	 	 	 
	 
	 	 	 	 	 	 
	DEUTSCHE BANK SECURITIES INC.	 	 	 	 
	 
	 	 	 	 	 	 
	By:
	 	/s/  Sean Cross	 	 	 	 
	 

	 	 	 	 	 	 
	 

	 	Name:  Sean
Cross
Title:    Director	 	 	 	 
	 
	By:
	 	/s/  John Fowler	 	 	 	 
	 

	 	 	 	 	 	 
	 

	 	Name:  John
Fowler
Title:    Managing Director/Vice Chairman	 	 	 	 
	 
	 	 	 	 	 	 
	BANC OF AMERICA SECURITIES LLC	 	 	 	 
	 
	 	 	 	 	 	 
	By:
	 	/s/  Bruce R.
Thompson	 	 	 	 
	 

	 	 	 	 	 	 
	 

	 	Name:  Bruce R.
Thompson
Title:    Managing Director

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00087-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00087-of-00352.parquet"}]]