Document:

exhibit44emergentbiosolu

1  ActiveUS 168294811  Exhibit 4.4  Form of Senior Note  (FACE OF SECURITY)  [Each Global Security shall bear substantially the following legend:  UNLESS AND UNTIL IT IS EXCHANGED IN WHOLE OR IN PART FOR SECURITIES IN  DEFINITIVE REGISTERED FORM, THIS SECURITY MAY NOT BE TRANSFERRED  EXCEPT AS A WHOLE BY THE DEPOSITARY TO A NOMINEE OF THE DEPOSITARY  OR BY A NOMINEE OF THE DEPOSITARY TO THE DEPOSITARY OR ANOTHER  NOMINEE OF THE DEPOSITARY OR BY THE DEPOSITARY OR ANY SUCH NOMINEE  TO A SUCCESSOR DEPOSITARY OR A NOMINEE OF SUCH SUCCESSOR  DEPOSITARY. UNLESS THIS SECURITY IS PRESENTED BY AN AUTHORIZED  REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK  CORPORATION (“DTC”), TO THE ISSUER OR ITS AGENT FOR REGISTRATION OF  TRANSFER, EXCHANGE OR PAYMENT, AND ANY SECURITY ISSUED IS  REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS  REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT  IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN  AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE OR OTHER  USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL  INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST  HEREIN.]  [If the Security has original issue discount for U.S. federal income tax purposes, insert tax  legend:  FOR PURPOSES OF SECTIONS 1272, 1273 AND 1275 OF THE INTERNAL REVENUE CODE  OF 1986, AS AMENDED, AND THE RULES AND REGULATIONS THEREUNDER, THIS  NOTE IS BEING ISSUED WITH ORIGINAL ISSUE DISCOUNT. PLEASE CONTACT [INSERT  NAME], EMERGENT BIOSOLUTIONS INC., 400 PROFESSIONAL DRIVE, SUITE 400,  GAITHERSBURG, MARYLAND 20879: (240) 631-3200, TO OBTAIN INFORMATION  REGARDING THE ISSUE PRICE, THE ISSUE DATE, THE AMOUNT OF ORIGINAL ISSUE  DISCOUNT AND THE YIELD TO MATURITY.]     

 

2  ActiveUS 168294811  EMERGENT BIOSOLUTIONS INC.  [ Title of Security ]  No. [   ] CUSIP No.:  [   ]   [Common Code][ISIN]:   [    ]   [$   ]  EMERGENT BIOSOLUTIONS INC., a Delaware corporation (the “Issuer”, which term  includes any successor corporation), for value received promises to pay to [If the Security is a  Global Security -- CEDE & CO.][If the Security is not a Global Security -- __________] or  registered assigns, the principal sum of __________ on __________,____ (the “Maturity Date”)  [If the Security is to bear interest prior to maturity, insert--, and to pay interest thereon from  _____________ or from the most recent interest payment date to which interest has been paid or  duly provided for, [semiannually in arrears on ______ and ______ in each year], commencing  _________, ____ (each, an “Interest Payment Date”) at the rate of [___% per annum], until the  principal hereof is paid or made available for payment [If applicable insert--, and (to the extent  that the payment of such interest shall be legally enforceable) at the rate of ___% per annum on  any overdue principal and on any overdue installment of interest].  The interest so payable, and  punctually paid or duly provided for, on any Interest Payment Date will, as provided in the  Indenture (as defined below), be paid to the Holder in whose name this Security (or one or more  predecessor Securities) is registered at the close of business on the record date for such interest,  which shall be the _______ or ________  (whether or not a Business Day), as the case may be,  next preceding such Interest Payment Date (each, an “Interest Record Date”).  Interest will be  computed on the basis of [a 360-day year of twelve 30-day months].]  [If the Security is not to bear interest prior to maturity, insert--The principal of this  Security shall not bear interest except in the case of a default in payment of principal upon  acceleration, upon redemption or at maturity and, in each such case, the overdue principal of this  Security shall bear interest at the rate of  ___% per annum (to the extent that the payment of such  interest shall be legally enforceable), which shall accrue from the date of such default in payment  to the date payment of such principal has been made or duly provided for.  Interest on any  overdue principal shall be payable on demand.]  Reference is made to the further provisions set forth on the reverse of this Security  contained herein, which will for all purposes have the same effect as if set forth at this place.  

 

3  ActiveUS 168294811  IN WITNESS WHEREOF, the Issuer has caused this Security to be signed manually or  by facsimile by its duly authorized officer under its corporate seal.  EMERGENT BIOSOLUTIONS INC.  By:     Name:    Title:    Attest:  By:    Name:    Title:      This is one of the Securities of the series designated herein and referred to in the within- mentioned Indenture.  Dated:  [   ]  ____________, as Trustee  By:    Title:    

 

4  ActiveUS 168294811  (REVERSE OF SECURITY)  EMERGENT BIOSOLUTIONS INC.  [ Title of Security ]  1. Indenture   This Security is one of a duly authorized issue of debentures, notes or other evidence of  indebtedness (hereinafter called the “Securities”) of the Issuer of the series hereinafter specified,  which series is initially limited in aggregate principal amount to [$]____________, all of such  Securities issued and to be issued under an Indenture dated as of ________, _____ (the  “Indenture”) between the Issuer and __________________________ as trustee (the “Trustee”).   Capitalized terms herein are used as defined in the Indenture unless otherwise indicated.  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, as in effect on the date of the Indenture.  The  Securities are subject to all such terms, and Holders are referred to the Indenture and the Trust  Indenture Act for a statement of all such terms.  To the extent permitted by applicable law, in the  event of any inconsistency between the terms of this Security and the terms of the Indenture, the  terms of the Indenture shall control.   This Security is one of a series of Securities designated pursuant to the Indenture [and a  [Supplemental Indenture] dated _____, _____, issued pursuant to Section 2.01 and Section 2.03  thereof (the “Supplemental Indenture”)] as ________________.  The Securities are general  unsecured obligations of the Issuer.  The Issuer may, subject to the provisions of the Indenture  and applicable law, issue additional Securities of any series under the Indenture.  2. Method of Payment.  The Issuer shall pay interest on the Securities (except defaulted interest) to the persons  who are the registered Holders at the close of business on the Interest Record Date immediately  preceding the Interest Payment Date notwithstanding any transfer or exchange of such Security  subsequent to such Interest Record Date and prior to such Interest Payment Date. Holders must  surrender Securities to the Trustee to collect principal payments. The Issuer shall 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 payments of interest, and any portion of the  Principal (other than interest payable at maturity or on any redemption or repayment date or the  final payment of Principal) shall be made by the Paying Agent, upon receipt from the Issuer of  immediately available funds by __________ [a./p.m.], New York City time (or such other time  as may be agreed to between the Issuer and the Paying Agent or the Issuer), directly to a Holder  (by Federal funds wire transfer or otherwise) if the Holder has delivered written instructions to  the Trustee 15 days prior to such payment date requesting that such payment will be so made and  designating the bank account to which such payments shall be so made and in the case of  payments of principal surrenders the same to the Trustee in exchange for a Security or Securities  aggregating the same principal amount as the unredeemed principal amount of the Securities  surrendered.]  

 

5  ActiveUS 168294811  3. Redemption.  [The Securities of this series may be redeemed at any time [on or after ______, ______],  as a whole or in part, at the option of the Issuer, upon mailing notice of such redemption not less  than 30 and not more than 60 days to the Holders of such Securities, at a redemption price equal  to ___________.]  4. Paying Agent and Security Registrar  Initially, [the Trustee] will act as Paying Agent and Security Registrar.  The Issuer may  change any Paying Agent or Security Registrar without notice to the Holders.  5. Denominations; Transfer; Exchange.  The Securities are in registered form, without coupons, in denominations of [$2,000] and  multiples of [$1,000]. A Holder shall register the transfer of or exchange Securities in  accordance with the Indenture. The Issuer may require a Holder, among other things, to furnish  appropriate endorsements and transfer documents and to pay certain transfer taxes or similar  governmental charges payable in connection therewith as permitted by the Indenture. [The Issuer  need not register the transfer of or exchange (a) any Securities for a period of fifteen (15) days  preceding the first notice that such Securities are to be redeemed, or (b) any Securities selected,  called or being called for redemption in whole or in part, except, in the case of any Security to  be redeemed in part, the portion thereof not to be so redeemed.]  6. Persons Deemed Owners.  The registered Holder of a Security shall be treated as the owner of it for all purposes.  7. Unclaimed Funds.  If funds for the payment of principal or interest remain unclaimed for two years, the  Trustee and the Paying Agent will repay the funds to the Issuer. After that, all liability of the  Trustee and such Paying Agent with respect to such funds shall cease.  8. Defeasance.  The Indenture [as amended by the Supplemental Indenture] contains provisions for  defeasance at any time of (a) the entire indebtedness of the Issuer on this Security and (b) certain  restrictive covenants and the related Events of Default, upon compliance by the Issuer with  certain conditions set forth therein, which provisions [apply] to this Security.  9. Amendment; Supplement; Waiver.  Subject to certain exceptions, the Securities of this series, [the Supplemental Indenture]  and the provisions of the Indenture relating to the Securities of this series may be amended or  supplemented with the written consent of the Holders of at least a majority in aggregate principal  amount of the Securities of this series then outstanding, and any existing Default or Event of  Default, other than the non-payment of the principal amount of or interest on the Securities of  

 

6  ActiveUS 168294811  this series, or compliance with certain provisions may be waived with the consent of the Holders  of a majority in aggregate principal amount of all the Securities of this series then outstanding.  Without notice to or consent of any Holder, the parties thereto may amend or supplement the  Indenture and the Securities to, among other things, cure any ambiguity, defect or inconsistency,  provide for uncertificated Securities in addition to or in place of certificated Securities, or make  any other change that does not adversely affect the rights of any Holder of a Security.  10. Defaults and Remedies.  If an Event of Default (other than certain bankruptcy Events of Default with respect to  the Issuer) occurs and is continuing, the Trustee or the Holders of at least 25% in aggregate  principal amount of Securities of this series then outstanding (voting as a separate class) by  notice in writing to the Issuer (and also to the Trustee if such notice is given by the Holders) may  declare [the entire principal] of the Securities of this series and the interest accrued thereon, if  any, to be due and payable immediately in the manner and with the effect provided in the  Indenture. If a bankruptcy Event of Default with respect to the Issuer occurs and is continuing,  then [the entire principal] of the Securities then outstanding and interest accrued thereon, if any,  shall become automatically due and payable immediately in the manner and with the effect  provided in the Indenture.  Holders of Securities may not enforce the Indenture or the Securities  except as provided in the Indenture. The Trustee is not obligated to enforce the Indenture or the  Securities unless it has received indemnity satisfactory to it. The Indenture permits, subject to  certain limitations therein provided, Holders of a majority in aggregate principal amount of the  Securities then outstanding to direct the Trustee in its exercise of any trust or power. The Trustee  may withhold from Holders of Securities notice of certain continuing Defaults or Events of  Default if it determines that withholding notice is in their interest.  11. Trustee Dealings with Issuer.  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 the Issuer as if it were not the  Trustee.  12. No Recourse Against Others.  No stockholder, director, officer, employee or incorporator, past, present or future as  such, of the Issuer or any predecessor or successor corporation thereof shall have any liability for  any obligation under the Securities or the Indenture or for any claim based on, in respect of or by  reason of, such obligations or their creation. Each Holder of a Security by accepting a Security  waives and releases all such liability. The waiver and release are part of the consideration for the  issuance of the Securities.  13. Authentication.  This Security shall not be valid until the Trustee manually signs the certificate of  authentication on this Security.  

 

7  ActiveUS 168294811  14. Abbreviations and Defined Terms.  Customary abbreviations may be used in the name of a Holder of a Security or an  assignee, such as: TEN COM (= tenants in common), TEN ENT (= tenants by the entireties), JT  TEN (= joint tenants with right of survivorship and not as tenants in common), CUST (=  Custodian), and U/G/M/A (= Uniform Gifts to Minors Act).  15. CUSIP Numbers.  Pursuant to a recommendation promulgated by the Committee on Uniform Security  Identification Procedures, the Issuer has caused CUSIP numbers to be printed on the Securities  as a convenience to the Holders of the Securities. No representation is made as to the accuracy of  such numbers as printed on the Securities and reliance may be placed only on the other  identification numbers printed hereon.  16. Governing Law.  The laws of the State of New York shall govern the Indenture and this Security thereof,  and for all purposes this Security shall be governed by and construed in accordance with the laws  of such State without regard to any principle of conflict of laws that would require or permit the  application of the laws of any other jurisdiction, except as may otherwise be required by  mandatory provisions of law.    

 

8  ActiveUS 168294811  ASSIGNMENT FORM  I or we assign and transfer this Security to    (Print or type name, address and zip code of assignee or transferee)      (Insert Social Security or other identifying number of assignee or transferee)  and irrevocably appoint ______________________________________________  agent to transfer this Security on the books of the Issuer.  The agent may  substitute another to act for him.  Dated:   Signed:       (Signed exactly as name  appears on the other side of  this Security)  Signature  Guarantee:    Participant in a recognized Signature Guarantee Medallion Program (or other  signature guarantor program reasonably acceptable to the Trustee)exhibit45emergentbiosolu

    ActiveUS 168294813  Exhibit 4.5  Form of Subordinated Note  (FACE OF SECURITY)  [Each Global Security shall bear substantially the following legend:  UNLESS AND UNTIL IT IS EXCHANGED IN WHOLE OR IN PART FOR SECURITIES IN  DEFINITIVE REGISTERED FORM, THIS SECURITY MAY NOT BE TRANSFERRED  EXCEPT AS A WHOLE BY THE DEPOSITARY TO A NOMINEE OF THE DEPOSITARY  OR BY A NOMINEE OF THE DEPOSITARY TO THE DEPOSITARY OR ANOTHER  NOMINEE OF THE DEPOSITARY OR BY THE DEPOSITARY OR ANY SUCH NOMINEE  TO A SUCCESSOR DEPOSITARY OR A NOMINEE OF SUCH SUCCESSOR  DEPOSITARY. UNLESS THIS SECURITY IS PRESENTED BY AN AUTHORIZED  REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK  CORPORATION (“DTC”), TO THE ISSUER OR ITS AGENT FOR REGISTRATION OF  TRANSFER, EXCHANGE OR PAYMENT, AND ANY SECURITY ISSUED IS  REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS  REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT  IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN  AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE OR OTHER  USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL  INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST  HEREIN.]  [If the Security has original issue discount for U.S. federal income tax purposes, insert tax  legend:  FOR PURPOSES OF SECTIONS 1272, 1273 AND 1275 OF THE INTERNAL REVENUE CODE  OF 1986, AS AMENDED, AND THE RULES AND REGULATIONS THEREUNDER, THIS  NOTE IS BEING ISSUED WITH ORIGINAL ISSUE DISCOUNT.  PLEASE CONTACT [INSERT  NAME], EMERGENT BIOSOLUTIONS INC., 400 PROFESSIONAL DRIVE, SUITE 400,  GAITHERSBURG, MARYLAND 20879: (240) 631-3200, TO OBTAIN INFORMATION  REGARDING THE ISSUE PRICE, THE ISSUE DATE, THE AMOUNT OF ORIGINAL ISSUE  DISCOUNT AND THE YIELD TO MATURITY.]       

 

  ActiveUS 168294813  EMERGENT BIOSOLUTIONS INC.  [ Title of Security ]  No. [   ] CUSIP No.:  [   ]   [Common Code][ISIN]:   [    ]   [$   ]  EMERGENT BIOSOLUTIONS INC., a Delaware corporation (the “Issuer”, which term  includes any successor corporation), for value received promises to pay to [If the Security is a  Global Security -- CEDE & CO.][If the Security is not a Global Security -- __________] or  registered assigns, the principal sum of __________ on __________,____ (the “Maturity Date”)  [If the Security is to bear interest prior to maturity, insert--, and to pay interest thereon from  _____________ or from the most recent interest payment date to which interest has been paid or  duly provided for, [semiannually in arrears on ______ and ______ in each year], commencing  _________, ____ (each, an “Interest Payment Date”) at the rate of [___% per annum], until the  principal hereof is paid or made available for payment [If applicable insert--, and (to the extent  that the payment of such interest shall be legally enforceable) at the rate of ___% per annum on  any overdue principal and on any overdue installment of interest].  The interest so payable, and  punctually paid or duly provided for, on any Interest Payment Date will, as provided in the  Indenture (as defined below), be paid to the Holder in whose name this Security (or one or more  predecessor Securities) is registered at the close of business on the record date for such interest,  which shall be the _______ or ________  (whether or not a Business Day), as the case may be,  next preceding such Interest Payment Date (each, an “Interest Record Date”).  Interest will be  computed on the basis of [a 360-day year of twelve 30-day months].]  [If the Security is not to bear interest prior to maturity, insert--The principal of this  Security shall not bear interest except in the case of a default in payment of principal upon  acceleration, upon redemption or at maturity and, in each such case, the overdue principal of this  Security shall bear interest at the rate of  ___% per annum (to the extent that the payment of such  interest shall be legally enforceable), which shall accrue from the date of such default in payment  to the date payment of such principal has been made or duly provided for.  Interest on any  overdue principal shall be payable on demand.]  Reference is made to the further provisions set forth on the reverse of this Security  contained herein, which will for all purposes have the same effect as if set forth at this place.  

 

  ActiveUS 168294813  IN WITNESS WHEREOF, the Issuer has caused this Security to be signed manually or  by facsimile by its duly authorized officer under its corporate seal.  EMERGENT BIOSOLUTIONS INC.  By:     Name:    Title:    Attest:  By:    Name:    Title:      This is one of the Securities of the series designated herein and referred to in the within- mentioned Indenture.  Dated:  [   ]  ____________, as Trustee  By:    Title:    

 

    ActiveUS 168294813  (REVERSE OF SECURITY)  EMERGENT BIOSOLUTIONS INC.  [ Title of Security ]  1. Indenture   This Security is one of a duly authorized issue of debentures, notes or other evidence of  indebtedness (hereinafter called the “Securities”) of the Issuer of the series hereinafter specified,  which series is initially limited in aggregate principal amount to [$]____________, all of such  Securities issued and to be issued under an Indenture dated as of ________, _____ (the  “Indenture”) between the Issuer and __________________________ as trustee (the “Trustee”).   Capitalized terms herein are used as defined in the Indenture unless otherwise indicated.  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, as in effect on the date of the Indenture.  The  Securities are subject to all such terms, and Holders are referred to the Indenture and the Trust  Indenture Act for a statement of all such terms.  To the extent permitted by applicable law, in the  event of any inconsistency between the terms of this Security and the terms of the Indenture, the  terms of the Indenture shall control.   This Security is one of a series of Securities designated pursuant to the Indenture [and a  [Supplemental Indenture] dated _____, _____, issued pursuant to Section 2.01 and Section 2.03  thereof (the “Supplemental Indenture”)] as ________________.  The Securities are general  unsecured obligations of the Issuer.  The Issuer may, subject to the provisions of the Indenture  and applicable law, issue additional Securities of any series under the Indenture.  2. Method of Payment.  The Issuer shall pay interest on the Securities (except defaulted interest) to the persons  who are the registered Holders at the close of business on the Interest Record Date immediately  preceding the Interest Payment Date notwithstanding any transfer or exchange of such Security  subsequent to such Interest Record Date and prior to such Interest Payment Date. Holders must  surrender Securities to the Trustee to collect principal payments. The Issuer shall 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 payments of interest, and any portion of the  Principal (other than interest payable at maturity or on any redemption or repayment date or the  final payment of Principal) shall be made by the Paying Agent, upon receipt from the Issuer of  immediately available funds by __________ [a./p.m.], New York City time (or such other time  as may be agreed to between the Issuer and the Paying Agent or the Issuer), directly to a Holder  (by Federal funds wire transfer or otherwise) if the Holder has delivered written instructions to  the Trustee 15 days prior to such payment date requesting that such payment will be so made and  designating the bank account to which such payments shall be so made and in the case of  payments of principal surrenders the same to the Trustee in exchange for a Security or Securities  aggregating the same principal amount as the unredeemed principal amount of the Securities  surrendered.]  

 

  5  ActiveUS 168294813  3. Redemption.  [The Securities of this series may be redeemed at any time [on or after ______, ______],  as a whole or in part, at the option of the Issuer, upon mailing notice of such redemption not less  than 30 and not more than 60 days to the Holders of such Securities, at a redemption price equal  to ___________.]  4. Paying Agent and Security Registrar  Initially, [the Trustee] will act as Paying Agent and Security Registrar.  The Issuer may  change any Paying Agent or Security Registrar without notice to the Holders.  5. Denominations; Transfer; Exchange.  The Securities are in registered form, without coupons, in denominations of [$2,000] and  multiples of [$1,000]. A Holder shall register the transfer of or exchange Securities in  accordance with the Indenture. The Issuer may require a Holder, among other things, to furnish  appropriate endorsements and transfer documents and to pay certain transfer taxes or similar  governmental charges payable in connection therewith as permitted by the Indenture. [The Issuer  need not register the transfer or exchange of (a) any Securities for a period of fifteen (15) days  preceding the first notice that such Securities are to be redeemed, or (b) any Securities selected,  called or being called for redemption in whole or in part, except, in the case of any Security to  be redeemed in part, the portion thereof not to be so redeemed.]  6. Persons Deemed Owners.  The registered Holder of a Security shall be treated as the owner of it for all purposes.  7. Unclaimed Funds.  If funds for the payment of principal or interest remain unclaimed for two years, the  Trustee and the Paying Agent will repay the funds to the Issuer. After that, all liability of the  Trustee and such Paying Agent with respect to such funds shall cease.  8. Defeasance.  The Indenture [as amended by the Supplemental Indenture] contains provisions for  defeasance at any time of (a) the entire indebtedness of the Issuer on this Security and (b) certain  restrictive covenants and the related Events of Default, upon compliance by the Issuer with  certain conditions set forth therein, which provisions [apply] to this Security.  9. Amendment; Supplement; Waiver.  Subject to certain exceptions, the Securities of this series, [the Supplemental Indenture]  and the provisions of the Indenture relating to the Securities of this series may be amended or  supplemented with the written consent of the Holders of at least a majority in aggregate principal  amount of the Securities of this series then outstanding, and any existing Default or Event of  Default, other than the non-payment of the principal amount of or interest on the Securities of  

 

  6  ActiveUS 168294813  this series, or compliance with certain provisions may be waived with the consent of the Holders  of a majority in aggregate principal amount of all the Securities of this series, then outstanding.  Without notice to or consent of any Holder, the parties thereto may amend or supplement the  Indenture and the Securities to, among other things, cure any ambiguity, defect or inconsistency,  provide for uncertificated Securities in addition to or in place of certificated Securities, or make  any other change that does not adversely affect the rights of any Holder of a Security.  10. Defaults and Remedies.  If an Event of Default (other than certain bankruptcy Events of Default with respect to  the Issuer) occurs and is continuing, the Trustee or the Holders of at least 25% in aggregate  principal amount of Securities of this series then outstanding (voting as a separate class) by  notice in writing to the Issuer (and also to the Trustee if such notice is given by the Holders) may  declare [the entire principal] of the Securities of this series and the interest accrued thereon, if  any, to be due and payable immediately in the manner and with the effect provided in the  Indenture. If a bankruptcy Event of Default with respect to the Issuer occurs and is continuing,  then [the entire principal] of the Securities then outstanding and interest accrued thereon, if any,  shall become automatically due and payable immediately in the manner and with the effect  provided in the Indenture.  Holders of Securities may not enforce the Indenture or the Securities  except as provided in the Indenture. The Trustee is not obligated to enforce the Indenture or the  Securities unless it has received indemnity satisfactory to it. The Indenture permits, subject to  certain limitations therein provided, Holders of a majority in aggregate principal amount of the  Securities then outstanding to direct the Trustee in its exercise of any trust or power. The Trustee  may withhold from Holders of Securities notice of certain continuing Defaults or Events of  Default if it determines that withholding notice is in their interest.  11. Subordination.  Reference is made to the Indenture, including, without limitation, provisions  subordinating the payment of principal of and premium, if any, and interest on the Securities to  the prior payment in full of all Senior Indebtedness as defined in the Indenture.  Such further  provisions shall for all purposes have the same effect as though fully set forth at this place.  12. Trustee Dealings with Issuer.  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 the Issuer as if it were not the  Trustee.  13. No Recourse Against Others.  No stockholder, director, officer, employee or incorporator, past, present or future as  such, of the Issuer or any predecessor or successor corporation thereof shall have any liability for  any obligation under the Securities or the Indenture or for any claim based on, in respect of or by  reason of, such obligations or their creation. Each Holder of a Security by accepting a Security  waives and releases all such liability. The waiver and release are part of the consideration for the  issuance of the Securities.  

 

  7  ActiveUS 168294813  14. Authentication.  This Security shall not be valid until the Trustee manually signs the certificate of  authentication on this Security.  15. Abbreviations and Defined Terms.  Customary abbreviations may be used in the name of a Holder of a Security or an  assignee, such as: TEN COM (= tenants in common), TEN ENT (= tenants by the entireties), JT  TEN (= joint tenants with right of survivorship and not as tenants in common), CUST (=  Custodian), and U/G/M/A (= Uniform Gifts to Minors Act).  16. CUSIP Numbers.  Pursuant to a recommendation promulgated by the Committee on Uniform Security  Identification Procedures, the Issuer has caused CUSIP numbers to be printed on the Securities  as a convenience to the Holders of the Securities. No representation is made as to the accuracy of  such numbers as printed on the Securities and reliance may be placed only on the other  identification numbers printed hereon.  17. Governing Law.  The laws of the State of New York shall govern the Indenture and this Security thereof,  and for all purposes this Security shall be governed by and construed in accordance with the laws  of such State without regard to any principle of conflict of laws that would require or permit the  application of the laws of any other jurisdiction, except as may otherwise be required by  mandatory provisions of law.    

 

  8  ActiveUS 168294813  ASSIGNMENT FORM  I or we assign and transfer this Security to    (Print or type name, address and zip code of assignee or transferee)      (Insert Social Security or other identifying number of assignee or transferee)  and irrevocably appoint ______________________________________________  agent to transfer this Security on the books of the Issuer.  The agent may  substitute another to act for him.  Dated:   Signed:       (Signed exactly as name  appears on the other side of  this Security)  Signature  Guarantee:    Participant in a recognized Signature Guarantee Medallion Program (or other  signature guarantor program reasonably acceptable to the Trustee)

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