Document:

EX-10.6

 

EXHIBIT 10.6

PREFERRED INTEREST AMENDMENT AGREEMENT

     This Preferred Interest Amendment Agreement (this “Amendment”) is made as of this 27th day of
February 2008 among NRG Common Stock Finance I LLC, a Delaware limited liability company
(“Issuer”), Credit Suisse Capital LLC (together with its successor and assigns, “Purchaser”) and
Credit Suisse Securities (USA) LLC (“Agent”), solely in its capacity as agent for Purchaser and
Issuer (Issuer, Purchaser and Agent, collectively, the “Parties”).

W I T N E S S E T H

     WHEREAS, the Parties have heretofore entered into a Preferred Interest Purchase Agreement
dated as of August 4, 2006 (the “Preferred Interest Purchase Agreement”) pursuant to which Issuer
issued to Purchaser Issuer’s Series 1 Exchangeable Limited Liability Company Preferred Interests
(the “Preferred Interests”) on August 4, 2006;

     WHEREAS, the Parties hereto desire to amend the terms and provisions of the Preferred
Interests and the Preferred Interest Purchase Agreement as set forth herein;

     NOW, THEREFORE, in consideration of their mutual covenants herein contained, the parties
hereto, intending to be legally bound, hereby mutually covenant and agree as follows:

     Section 1 . Defined Terms; References. Unless otherwise specifically defined herein, each
capitalized term used herein and not otherwise defined herein has the meaning assigned to such term
in the Preferred Interest Purchase Agreement. Each reference to “hereof”, “hereunder”, “herein”
and “hereby” and each other similar reference and each reference to “this Preferred Interest
Purchase Agreement” or “this Agreement” and each other similar reference contained in the Preferred
Interest Purchase Agreement shall, after this Amendment becomes effective, refer to the Preferred
Interest Purchase Agreement as amended hereby.

     Section 2 . Amendment Hedging Period. The Company may provide notice to the Purchaser (the
“Amendment Hedging Start Notice”) on any Business Day prior to March 31, 2008 specifying a
Designated Effective Date, which shall be a Trading Day no earlier than one Trading Day following
the Business Day on which the Company delivers such Amendment Hedging Start Notice to Purchaser.
During the Amendment Hedging Period, Purchaser or its affiliate will establish Purchaser’s initial
hedge of the additional exposure to the NRG Common Stock resulting from this Amendment by selling
shares of NRG Common Stock pursuant to Underwriting Agreement No. 2. Promptly following the last
Trading Day of the Amendment Hedging Period (the “Hedge Execution Notification Date”), the
Calculation Agent shall notify the parties in writing of the Hedge Execution Price and the number
of Additional Shares.

 

 

     Section 3 . Amendments. The Preferred Interest Purchase Agreement and Certificate No. 1 for
the Preferred Interests dated as of August 4, 2006 (“Certificate No. 1”) are hereby amended as
follows, with such amendments taking effect as of the Effective Date. If the Effective Date does
not occur, then the amendments set forth in this Section 3 shall not become effective:

     (a) The second “Whereas” clause of the Preferred Interest Purchase Agreement is amended by
adding the words “, as amended from time to time” in the third line thereof after the word
“hereof.”

     (b) Section 1 of the Preferred Interest Purchase Agreement is amended by:

     (i) Adding a definition of “Amendment Hedging Period”, which means the period
beginning on the Effective Date and ending on the date on which Purchaser or its affiliate
completes Purchaser’s initial hedge of the additional exposure to the NRG Common Stock
resulting from this Amendment as described in Section 2 of this Amendment; provided that
if on the Trading Day immediately prior to the Effective Date the VWAP Price is greater
than $46.20, there shall be no Amendment Hedging Period.

     (ii) Adding a definition of “Amendment Hedging Start Notice”, which has the meaning
set forth in Section 2 hereof.

     (iii) Adding a definition of “Designated Effective Date”, which means the date
specified as such by the Company in the Amendment Hedging Start Notice as provided in
Section 2 hereof.

     (iv) Adding a definition of “Effective Date”, which means, (i) if on the Trading Day
immediately prior to the Designated Effective Date the VWAP Price is greater than $46.20,
then the first Business Day on or after the Designated Effective Date on which the
conditions set forth in paragraphs (a) through (g) of Section 5 hereof are satisfied;
otherwise (ii) the first Trading Day on or after the Designated Effective Date on which
all of the conditions set forth in Section 5 hereof are satisfied; provided that if the
Effective Date does not occur on or prior to March 31, 2008, then the Effective Date shall
not occur.

     (v) Adding a definition of “Hedge Execution Notification Date”, which has the meaning
set forth in Section 2 hereof.

     (vi) Adding a definition of “Hedge Execution Price”, which means the volume weighted
average price per share at which Purchaser or its affiliate establishes Purchaser’s
initial hedge of the additional exposure to the NRG Common Stock resulting from this
Amendment as described in Section 2 of this Amendment.

2

 

     (vii) Amending the definition of “Note Purchase Agreement” in Section 1 of the
Preferred Interest Purchase Agreement by adding the phrase “, as amended from time to
time” after the word “agent” in the last line thereof.

     (c) Each reference to a “Transaction Document” or “Transaction Documents” in Sections 6(g),
6(o)(iv), 6(o)(xii), 6(o)(xiii), 7(c), 8(c), 9, 14(d) and 18 of the Preferred Interest Purchase
Agreement shall be deemed to be references to a Transaction Document or Transaction Amendment
Document.

     Section 4 . Representations, Warranties and Agreements.

     (a) Issuer and Purchaser each represent and warrant to the other that its representations and
warranties contained in Sections 4 and 5, respectively, of the Preferred Interest Purchase
Agreement are true and correct on the date hereof as if made on the date hereof except that for
purposes of this Section 4(a), the reference in Section 4(x) of the Preferred Interest Purchase
Agreement to the “Registration Statement or Prospectus” shall be to the Registration Statement or
Prospectus as each such term is defined in Underwriting Agreement No. 2.

     (b) Issuer represents and warrants to and for the benefit of, and agrees with, Purchaser as
follows:

     (i) it has the power to execute this Amendment and any other Transaction Amendment
Document, to deliver this Amendment and each other Transaction Amendment Document and to
perform its obligations under this Amendment and any other Transaction Amendment Document
and has taken all necessary action to authorize such execution, delivery and performance;

     (ii) such execution, delivery and performance do not violate or conflict with any law
applicable to it, any provision of its constitutional documents, any order or judgment of
any court or other agency of government applicable to it or any of its assets or any
contractual restriction binding on or affecting it or any of its assets;

     (iii) all governmental and other consents that are required to have been obtained by
it with respect to the execution and delivery of and the performance of its obligations
under this Amendment have been obtained and are in full force and effect and all
conditions of any such consents have been complied with;

     (iv) its obligations under this Amendment and each other Transaction Amendment
Document to which it is a party constitute its legal, valid and binding obligations,
enforceable in accordance with their respective terms, subject to applicable bankruptcy,
insolvency and similar

3

 

laws affecting creditors’ rights generally and to general equitable principles;

     (v) no Early Redemption Event with respect to the Preferred Interests has occurred
and is continuing and no such event or circumstance would reasonably be expected to occur
as a result of its entering into or performing its obligations under this Amendment or any
other Transaction Amendment Document;

     (vi) there is not pending or, to its knowledge, threatened against it or any of its
affiliates any action, suit or proceeding at law or in equity or before any court,
tribunal, governmental body, agency or official or any arbitrator that is likely to affect
the legality, validity or enforceability against it of this Amendment or any other
Transaction Amendment Document to which it is a party or its ability to perform its
obligations under this Amendment or any other Transaction Amendment Document;

     (vii) it is acting for its own account, and has made its own independent decision to
enter into this Amendment and each other Transaction Amendment Document to which it is a
party and as to whether this Amendment and such other Transaction Amendment Documents are
appropriate or proper for it based upon its own judgment and upon advice of such advisors
as it deems necessary; Issuer acknowledges and agrees that it is not relying, and has not
relied, upon any communication (written or oral) of Purchaser or any Affiliate of
Purchaser with respect to the legal, accounting, tax or other implications of this
Amendment or any other Transaction Amendment Document and that it has conducted its own
analyses of the legal, accounting, tax and other implications hereof and thereof (it being
understood that information and explanations related to the terms and conditions of this
Amendment or any other Transaction Amendment Document shall not be considered investment
advice or a recommendation to enter into this Amendment or any such Transaction Amendment
Document); it further acknowledges and confirms that it has taken independent tax advice
with respect to this Amendment and each other Transaction Amendment Document;

     (viii) it is entering into this Amendment and the other Transaction Amendment
Documents to which it is a party with a full understanding of all of the terms and risks
hereof and thereof (economic and otherwise) and is capable of evaluating and understanding
(on its own behalf or through independent professional advice), and understands and
accepts, the terms, conditions and risks; it is also capable of assuming (financially and
otherwise), and assumes, those risks;

     (ix) it acknowledges that neither Purchaser nor any Affiliate of Purchaser is acting
as a fiduciary for or an advisor to Issuer in respect of this Amendment or any other
Transaction Amendment Document;

4

 

     (x) it is not, and after giving effect to the transactions contemplated hereby will
not be, required to register as an “investment company” as such term is defined in the
Investment Company Act of 1940, as amended; and

     (xi) each of it and the Company are, and shall be as of the date of any payment or
delivery by it hereunder, solvent and able to pay its debts as they come due, with assets
having a fair value greater than liabilities and with capital sufficient to carry on the
businesses in which it engages.

     (c) Purchaser represents and warrants to and for the benefit of, and agrees with, Issuer as
follows:

     (i) it has the power to execute this Amendment, to deliver this Amendment and to
perform its obligations under this Amendment and has taken all necessary action to
authorize such execution, delivery and performance;

     (ii) such execution, delivery and performance do not violate or conflict with any law
applicable to it, any provision of its constitutional documents, any order or judgment of
any court or other agency of government applicable to it or any of its assets or any
contractual restriction binding on or affecting it or any of its assets;

     (iii) all governmental and other consents that are required to have been obtained by
it with respect to this Amendment have been obtained and are in full force and effect and
all conditions of any such consents have been complied with; and

     (iv) its obligations under this Amendment constitute its legal, valid and binding
obligations, enforceable in accordance with their respective terms, subject to applicable
bankruptcy, insolvency and similar laws affecting creditors’ rights generally and to
general equitable principles.

     Section 5 . Conditions to Occurrence of Effective Date. The following conditions shall apply
as provided in the definition of Effective Date:

     (a) each Transaction Amendment Document shall have been duly executed and delivered by the
parties thereto and shall be in full force and effect, and each of the Company and Issuer shall
have complied with all agreements and all conditions to be performed or satisfied by it under each
Transaction Amendment Document to which it is a party;

5

 

     (b) each of the representations and warranties of Issuer contained in this Amendment and each
Transaction Amendment Document to which it is a party shall be true and correct;

     (c) the Company shall have paid the Amendment Structuring Fee as provided in the Amendment Fee
Agreement;

     (d) Purchaser shall have received an opinion (in form and substance satisfactory to Purchaser
and its counsel), dated as of the Effective Date, of Kirkland & Ellis LLP, counsel for Issuer,
substantially in the form attached hereto as Exhibit A;

     (e) Purchaser shall have received “non-consolidation” and “true contribution” opinions, in
form and substance reasonably satisfactory to Purchaser and its counsel, dated as of the Effective
Date, of Kirkland & Ellis LLP, counsel for Issuer;

     (f) no event that constitutes an Early Termination Event or Potential Early Termination Event
under the Preferred Interests shall have occurred and be continuing;

     (g) Issuer shall have filed the Amendment to the Certificate of Designations with the Delaware
Secretary of State, substantially in the form of Exhibit B hereto, and such other documents as
Purchaser may reasonably require, and Purchaser shall have received original copies thereof, duly
executed by Issuer; and

     (h) each of the conditions set forth in Section 5 of Underwriting Agreement No. 2 shall have
been satisfied.

     Section 6 . Counterparts. This Amendment may be signed in counterparts, each of which shall
be an original and all of which together shall constitute one and the same instrument.

     Section 7 . Governing Law; Jurisdiction. THIS AMENDMENT SHALL BE GOVERNED BY AND CONSTRUED IN
ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK, WITHOUT GIVING EFFECT TO THE CONFLICT OF LAWS
PROVISIONS THEREOF.

     Section 8 . Preferred Interest Purchase Agreement. Except as otherwise specified in
this Amendment, the Preferred Interest Purchase Agreement shall remain in full force and effect.

6

 

     IN WITNESS WHEREOF, this Amendment has been executed as of the date first written above.

	 	 	 	 	 	 	 
	 	 	ISSUER:	 	 
	 
	 	 	 	 	 	 
	 	 	NRG COMMON STOCK FINANCE I LLC	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Robert C. Flexon
 

	 	 
	 

	 	Name:
	 	Robert C. Flexon	 	 
	 

	 	Title:
	 	Executive Vice President and Chief Financial
Officer	 	 
	 
	 	 	 	 	 	 
	 	 	PURCHASER:	 	 
	 
	 	 	 	 	 	 
	 	 	CREDIT SUISSE CAPITAL LLC	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Timothy Bock
 

	 	 
	 

	 	Name:
	 	Timothy Bock	 	 
	 

	 	Title:
	 	Managing Director	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Tobias Schraven
 

	 	 
	 

	 	Name:
	 	Tobias Schraven	 	 
	 

	 	Title:
	 	Director	 	 

 

 

	 	 	 	 	 	 	 
	 	 	AGENT:	 	 
	 
	 	 	 	 	 	 
	 	 	CREDIT SUISSE SECURITIES (USA) LLC	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Ray Henger
 

	 	 
	 

	 	Name:
	 	Ray Henger	 	 
	 

	 	Title:
	 	Managing DirectorEX-4.1

 

EXECUTION VERSION

 

DR PEPPER SNAPPLE GROUP, INC.

$250,000,000 6.12% SENIOR NOTES DUE 2013

$1,200,000,000 6.82% SENIOR NOTES DUE 2018

$250,000,000 7.45% SENIOR NOTES DUE 2038

 

INDENTURE

Dated April 30, 2008

 

WELLS FARGO BANK, N.A.,

as Trustee

 

 

 

          This INDENTURE dated April 30, 2008 is entered into by and between DR PEPPER SNAPPLE GROUP,
INC., a Delaware corporation, and WELLS FARGO BANK, N.A., a national banking association, as
trustee (the “Trustee”).

          The Company and the Trustee agree as follows for the equal and ratable benefit of the Holders
of the $250,000,000 principal amount of 6.12% Senior Notes due 2013 (the “2013 Notes”), the
$1,200,000,000 principal amount of 6.82% Senior Notes due 2018 (the “2018 Notes”) and the
$250,000,000 7.45% Senior Notes due 2038 (the “2038 Notes”):

ARTICLE 1.

DEFINITIONS AND INCORPORATION BY REFERENCE

Section 1.01. Definitions.

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

          “144A Global Note” means a Global Note substantially in the form of Exhibit A-1, Exhibit A-2
or Exhibit A-3 hereto, as the case may be, bearing the Global Note Legend and the Private Placement
Legend and deposited with and registered in the name of the Depositary or its nominee issued in a
denomination equal to the outstanding principal amount of the Notes sold for initial resale in
reliance on Rule 144A.

          “Additional Interest” means any additional interest required to be paid on the Initial Notes
pursuant to Section 2(e) of the Registration Rights Agreement relating to the Initial Notes under
the circumstances set forth therein and any additional interest required to be paid on any
Additional Notes pursuant to any Registration Rights Agreement relating to such Additional Notes
under the circumstances set forth therein. For all purposes of this Indenture, the term “interest”
shall include Additional Interest, if any, with respect to the Notes.

          “Additional Notes” means any Notes (other than Initial Notes, Exchange Notes and Notes issued
under Sections 2.06, 2.07, 2.10 and 3.06 hereof) issued under this Indenture in accordance with
Sections 2.02 and 2.15 hereof, as part of any Initial Series or Additional Series of Notes.

          “Additional Series” or “Additional Series of Notes” means any Series of Notes created and
issued under this Indenture pursuant to Section 2.15(b).

          “Affiliate” of any specified Person means any other Person directly or indirectly controlling
or controlled by or under direct or indirect common control with such specified Person. For
purposes of this definition, “control,” as used with respect to any Person, means the possession,
directly or indirectly, of the power to direct or cause the direction of the management or policies
of such Person, whether through the ownership of voting securities, by agreement or otherwise. For
purposes of this definition, the terms “controlling,” “controlled by” and “under common control
with” have correlative meanings.

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

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

          “Attributable Debt” in respect of a sale and leaseback transaction means, at any time of
determination, the present value at that time of the obligation of the lessee for net rental
payments during the remaining term of the lease included in such sale and leaseback transaction.
Such present value will be calculated using a discount rate equal to the rate of interest implicit
in such transaction, determined in accordance with GAAP; provided, however, that if such sale and
leaseback transaction results in a Capital Lease Obligation, the amount of Attributable Debt
represented thereby will be determined in accordance with the definition of “Capital Lease
Obligation.”

 

 

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

          “Board of Directors” means (1) in respect of a corporation, the board of directors of the
corporation, or any duly authorized committee thereof; and (2) in respect of any other Person, the
board or committee of that Person serving an equivalent function.

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

          “Business” means the beverage business in the United States, Canada, Mexico and the Caribbean
owned by Cadbury Schweppes to be owned by the Company upon consummation of the Separation
Transaction.

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

          “Cadbury Schweppes” means Cadbury Schweppes plc, a public limited company organized under the
laws of England and Wales.

          “Cadbury plc” means Cadbury plc, a United Kingdom public limited company incorporated in
England and Wales.

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

          “Capital Stock” means:

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

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

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

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

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

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

     (2) the consummation of any transaction (including without limitation, any merger or
consolidation) the result of which is that any “person” (as that term is used in Section
13(d)(3) of the Exchange Act) becomes the “beneficial owner” (as defined in Rules 13d-3 and
13d-5 under the Exchange Act), directly or indirectly, of more than 50% of the outstanding
Voting Stock of the Company, measured by voting power rather than number of shares;

2

 

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

     (4) the first day on which the majority of the members of the Board of Directors of the
Company cease to be Continuing Directors; or

     (5) the adoption of a plan relating to the liquidation or dissolution of the Company.

          “Change of Control Triggering Event” means the occurrence of both a Change of Control and a
Rating Event.

          “Clearstream” means Clearstream Banking S.A., a company organized under the laws of
Luexembourg, and any successor thereto.

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

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

          “Company” means Dr Pepper Snapple Group, Inc. and any and all successors thereto.

          “Company Release Certificate” has the meaning assigned to such term in the Escrow Agreement.

          “Comparable Treasury Issue” means the United States Treasury security selected by an
Independent Investment Banker as having a maturity comparable to the remaining term of the Notes to
be redeemed that would be utilized, at the time of selection and in accordance with customary
financial practice, in pricing new issues of corporate debt securities of comparable maturity to
the remaining term of the Notes to be redeemed.

          “Comparable Treasury Price” means, with respect to any redemption date, (1) the average of the
Reference Treasury Dealer Quotations for such redemption date, after excluding the highest and
lowest of the Reference Treasury Dealer Quotations, or (b) if the Independent Investment Banker
obtains fewer than four Reference Treasury Dealer Quotations, the average of all of these
quotations.

          “Consolidated Net Tangible Assets” means, with respect to any Person, as of any date of
determination, the total assets less the sum of goodwill, net, and other intangible assets, net, in
each case reflected on the consolidated balance sheet of such Person and its Subsidiaries as of the
end of the most recently ended fiscal quarter of such Person for which financial statements have
been furnished to Holders pursuant to Section 4.03, determined on a consolidated basis in
accordance with GAAP.

          “Continuing Director” means, as of any date of determination, any member of the Board of
Directors who (a) was a member of the Board of Directors of the Company on the date of this
Indenture or (b) was nominated for election, elected or appointed to the Board of Directors of the
Company by a majority of the Continuing Directors who were members of the Board of Directors at the
time of such nomination, election or appointment.

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

          “Credit Agreements” means the Existing Credit Agreements as such agreements may be amended,
supplemented or otherwise modified from time to time, and any agreement indenture or other
documentation

3

 

relating to extensions, refinancings, replacements or restructuring of the credit facilities
governed by the Existing Credit Agreements, whether the same or any other agent, agents, lenders or
group of lenders is or are parties thereto.

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

          “Default” means any event which is, or after notice or passage of time, or both, would be, an
Event of Default.

          “Definitive Note” means a certificated Note registered in the name of the Holder thereof and
issued in accordance with Section 2.06 or 2.10 hereof, in substantially the form of Exhibit A-1,
Exhibit A-2 or Exhibit A-3 hereto, as the case may be, except that such Note shall not bear the
Global Note Legend and shall not have the “Schedule of Exchanges of Interests in the Global Note”
attached thereto.

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

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

          “Escrow Agent” shall mean Wells Fargo Bank, N.A., a national banking association, in its
capacity as escrow agent under the Escrow Agreement.

          “Escrow Agreement” means the Escrow Deposit and Disbursement Agreement dated April 30, 2008
between the Company, the Escrow Agent and Trustee.

          “Euroclear” means Euroclear Bank, S.A./N.V., a company organized under the laws of Belgium, as
operator of the Euroclear systems, and any successor thereto.

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

          “Exchange Notes” means notes issued in exchange for the Initial Notes or any Additional Notes
pursuant to a Registration Rights Agreement.

          “Exchange Offer” has the meaning set forth in the Registration Rights Agreement relating to an
exchange of Notes registered under the Securities Act for Notes not so registered.

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

          “Existing Credit Agreements” means (1) the Credit Agreement dated as of March 10, 2008 and
amended and restated on April 11, 2008, among the Company, the lenders and issuing banks party
thereto, JPMorgan Chase Bank, N.A., as administrative agent, Bank of America, N.A., as syndication
agent, and Goldman Sachs Credit Partners L.P., Morgan Stanley Senior Funding, Inc. and UBS
Securities LLC, as documentation agents and (2) the 364-day Bridge Credit Agreement dated as of
March 10, 2008 and amended and restated on April 11, 2008, among the Company, the lenders and
issuing banks party thereto, JPMorgan Chase Bank, N.A., as administrative agent, Bank of America,
N.A., as syndication agent, and Goldman Sachs Credit Partners L.P., Morgan Stanley Senior Funding,
Inc. and UBS Securities LLC, as documentation agents.

          “Funded Debt” means Indebtedness which by its terms matures at or is extendible or renewable
at the option of the obligor to date more than 12 months after the date of the creation or
incurrence of such Indebtedness.

4

 

          “GAAP” means generally accepted accounting principles set forth in the opinions and
pronouncements of the Public Company Accounting Oversight Board (United States) and statements and
pronouncements of the Financial Accounting Standards Board or in such other statements by such
other entity as have been approved by a significant segment of the accounting profession, which are
in effect as of the date of determination.

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

          “Global Notes” means the global notes substantially in the form of Exhibit A-1, Exhibit A2 or
Exhibit A-3 hereto, as the case may be, issued in accordance with Article 2 hereof.

          “Guarantee” means, as to any Person, a guarantee (other than by endorsement of negotiable
instruments for collection in the ordinary course of business), direct or indirect, in any manner
(including, without limitation, by way of a pledge of assets or through letters of credit or
reimbursement agreements in respect thereof), of all or any part of any Indebtedness of another
Person. The term “Guarantee” used as a verb has a corresponding meaning.

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

          “IAI Global Note” means a Global Note substantially in the form of Exhibit A-1, Exhibit A-2 or
Exhibit A-3 hereto bearing the Global Note Legend and the Private Placement Legend and deposited
with and registered in the name of the Depositary or its nominee issued in a denomination equal to
the outstanding principal amount of the Notes sold to Institutional Accredited Investors, if any,
to the extent required by the Applicable Procedures.

          “Indebtedness” means, with respect to any Person, without duplication, any indebtedness of
such Person, whether or not contingent:

     (1) in respect of borrowed money;

     (2) evidenced by bonds, notes, debentures, or similar instruments or letters of credit
(or reimbursement agreements with respect thereto);

     (3) in respect of banker’s acceptances, bank guarantees, surety bonds or similar instruments;

     (4) representing Capital Lease Obligations; or

     (5) representing the balance deferred and unpaid of the purchase price of any property
or services due more than six months after such property is acquired or such services are
completed, except any such balance that constitutes a trade payable or similar obligation to
a trade creditor incurred in the ordinary course of business;

          if and to the extent any of the preceding items (other than letters of credit) would appear
as a liability upon a balance sheet (excluding the notes thereto) of the specified Person
prepared in accordance with GAAP. In addition, the term “Indebtedness” includes all of the
following items, whether or not any such items would appear as a liability on a balance
sheet of the specified Person in accordance with GAAP:

     (1) all Indebtedness of others secured by a Lien on any asset of the specified Person
(whether or not such Indebtedness is assumed by the specified Person); and

     (2) to the extent not otherwise included, any Guarantee by the specified Person of
Indebtedness of any other Person.

5

 

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

          “Independent Investment Banker” means one of the Reference Treasury Dealers appointed by us.

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

          “Initial Notes” means the first $250,000,000 aggregate principal amount of 2013 Notes, the
first $1,200,000,000 aggregate principal amount of 2018 Notes and the first $250,000,000 aggregate
principal amount of 2038 Notes, in each case, issued under this Indenture on the date hereof.

          “Initial Series” or “Initial Series of Notes” means the series of 2013 Notes, the series of
2018 Notes and the Series of 2038 Notes.

          “Institutional Accredited Investor” means an institution that is an “accredited investor” as
defined in Rule 501(a)(1), (2), (3) or (7) under the Securities Act.

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

          “Investment Grade” means a rating of Baa3 or better by Moody’s (or its equivalent under any
successor rating category of Moody’s) and a rating of BBB- or better by S&P (or its equivalent
under any successor rating category of S&P).

          “Issue Date” means April 30, 2008.

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

          “Letter of Transmittal” means the letter of transmittal, or its electronic equivalent in
accordance with the Applicable Procedures, to be prepared by the Company and sent to all Holders of
the Initial Notes or any Additional Notes for use by such Holders in connection with an Exchange
Offer.

          “Lien” means any mortgage, lien, pledge, charge, security interest or other encumbrance of any
kind, whether or not filed, recorded or otherwise perfected under applicable law, including any
conditional sale or other title retention agreement, any lease in the nature thereof, any option or
other agreement to sell or give a security interest in and any filing of or agreement to give any
financing statement under the Uniform Commercial Code (or equivalent statute) of any jurisdiction.
Notwithstanding the foregoing an operating lease shall not be deemed to constitute a Lien.

          “Moody’s” means Moody’s Investors Service, Inc., a Delaware corporation and a subsidiary of
Moody’s Corporation, and its successors.

          “Notes” means the 2013 Notes, the 2018 Notes, the 2038 Notes and the notes of any Additional
Series that may be issued from time to time under this Indenture as provided in Section 2.15(b).

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

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

6

 

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

          “Opinion of Counsel” means a written opinion, in form and substance reasonably satisfactory to
the Trustee, from legal counsel who is acceptable to the Trustee and which meets the requirements
of Section 12.05 hereof. The counsel may be an employee of or counsel to the Company or the
Trustee.

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

          “Permitted Encumbrances” means:

     (1) Liens imposed by law for taxes, assessments or governmental charges that are not
overdue for a period of more than 30 days or that are being contested in good faith;

     (2) carriers’, warehousemen’s, mechanics’, materialmen’s, repairmen’s and other like
Liens imposed by law, arising in the ordinary course of business and securing obligations
that are not overdue by more than 30 days (or if more than 30 days overdue, are unfiled and
no other action has been taken to enforce such Liens) or are being contested in good faith;

     (3) (i) pledges and deposits made in the ordinary course of business in compliance
with workers’ compensation, unemployment insurance and other social security laws or
regulations and (ii) pledges and deposits in the ordinary course of business securing
liability for reimbursement or indemnification obligations of (including obligations in
respect of letters of credit or bank guarantees for the benefit of) insurance carriers
providing property, casualty or liability insurance to the Company or any Subsidiary of the
Company;

     (4) deposits to secure the performance of bids, trade contracts (other than for the
repayment of borrowed money), leases, statutory obligations, surety and appeal bonds,
performance bonds and other obligations of a like nature (including those to secure health,
safety and environmental obligations), in each case in the ordinary course of business;

     (5) judgment liens in respect of judgments that the Company or a Subsidiary of the
Company is in good faith prosecuting an appeal or other proceeding for review or Liens
incurred by the Company or a Subsidiary of the Company for the purpose of obtaining a stay
or discharge in the course of any litigation or other proceeding to which the Company or a
Subsidiary of the Company is a party;

     (6) easements, restrictions, rights-of-way and similar encumbrances and minor title
defects on real property imposed by law or arising in the ordinary course of business that
do not secure any payment obligations and do not, in the aggregate, materially detract from
the value of the affected property or interfere with the ordinary conduct of business of the
Company or any Subsidiary of the Company;

     (7) leases, licenses, subleases or sublicenses granted to others in the ordinary
course of business which do not (i) interfere in any material respect with the business of
the Company and its Subsidiaries, taken as a whole, or (ii) secure any Indebtedness;

     (8) Liens in favor of customs and revenue authorities arising as a matter of law to
secure payment of customs duties in connection with the importation of goods in the ordinary
course of business;

     (9) Liens (i) of a collection bank on the items in the course of collection, (ii)
attaching to commodity trading accounts or other commodities brokerage accounts incurred in
the ordinary course of business and (iii) in favor of a banking or other financial
institution arising as a matter of law encumbering

7

 

deposits or other funds maintained with a financial institution (including the right of
set off) and which are customary in the banking industry;

     (10) any interest or title of a lessor under leases entered into by the Company or
any of its Subsidiaries in the ordinary course of business and financing statements with
respect to a lessor’s right in and to personal property leased to the Company or any of its
Subsidiaries in the ordinary course of the Company’s or any of its Subsidiaries’ business
other than through a capital lease;

     (11) Liens arising out of conditional sale, title retention, consignment or similar
arrangements for sale of goods entered into by the Company or any Subsidiaries in the
ordinary course of business;

     (12) Liens deemed to exist in connection with reasonable customary initial deposits
and margin deposits and similar Liens attaching to commodity trading accounts or other
brokerage accounts maintained in the ordinary course of business and not for speculative
purposes;

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

     (14) Liens solely on any cash earnest money deposits made by the Company or any
Subsidiaries in connection with any letter of intent or purchase agreement;

     (15) ground leases in respect of real property on which facilities owned or leased by
the Company or any of its Subsidiaries are located;

     (16) Liens on insurance policies and the proceeds thereof securing the financing of
the premiums with respect thereto;

     (17) any zoning or similar law or right reserved to or vested in any governmental
authority to control or regulate the use of any real property that does not materially
interfere with the ordinary conduct of the business of the Company or any Subsidiary of the
Company; and

     (18) Liens on specific items of inventory or other goods and the proceeds thereof
securing such Person’s obligations in respect of documentary letters of credit or banker’s
acceptances issued or created for the account of such Person to facilitate the purchase,
shipment or storage of such inventory or goods.

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

          “Predecessor Note” of any particular Note means every previous Note evidencing all or a
portion of the same Indebtedness as that evidenced by such particular Note; and any Note
authenticated and delivered under Section 2.07 in lieu of a lost, destroyed or stolen Note shall be
deemed to evidence the same Indebtedness as the lost, destroyed or stolen Note.

          “Principal Property” means (i) any manufacturing, processing or bottling plant, warehouse or
distribution center (including the land upon which it is situated), owned and operated by the
Company or any Subsidiary of the Company on the date the Separation Transaction is completed, other
than property which, in the opinion of the Board of Directors of the Company, individually and in
the aggregate, is not of material importance to the business conducted by the Company and its
Subsidiaries, taken as a whole, and (ii) any manufacturing, processing or bottling plant, warehouse
or distribution center (including the land upon which it is situated),

8

 

purchased or constructed by the Company or any Subsidiary of the Company after the date the
Separation Transaction is completed, provided that the original cost of such purchase or
construction is an amount greater than 1% of Consolidated Net Tangible Assets of the Company.

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

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

          “Rating Agency” means:

     (1) each of Moody’s and S&P, and

     (2) if either of Moody’s or S&P ceases to rate the Notes or fails to make a rating of
the Notes publicly available for reasons outside of the Company’s control, a Substitute
Rating Agency in lieu thereof.

          “Rating Event” means (i) the rating of the Notes is lowered by both Rating Agencies during the
period (the “Trigger Period”) commencing on the earlier of the first public notice of (a) the
occurrence of a Change of Control or (b) the Company’s intention to effect a Change of Control and
ending 60 days following consummation of such Change of Control (which period shall be extended so
long as the rating of the Notes is under publicly announced consideration for a possible downgrade
by either of the Rating Agencies) and (ii) the Notes are rated below an Investment Grade Rating by
both Rating Agencies on any day during the Trigger Period. If either Rating Agency is not
providing a rating of the Notes on any day during the Trigger Period for any reason, the rating of
such Rating Agency shall be deemed to be below Investment Grade on such day and such Rating Agency
will be deemed to have lowered its rating of the Notes during the Trigger Period.

          “Redemption Release Certificate” has the meaning assigned to such term in the Escrow
Agreement.

          “Redemption Trigger Date” means 3:00 p.m. (New York City time) on May 13, 2008; provided,
however, that if (1) the Separation Transaction has not occurred by 3:00 p.m. (New York City time)
on May 13, 2008 and (2) the lenders under each Existing Credit Agreement under which any loans
remain outstanding have agreed to postpone the time and date on which the loans under such Existing
Credit Agreement are required to be prepaid if the Separation Transaction has not occurred by then
to a time and date after 3:00 p.m. (New York City time) on May 13, 2008 (such later date and time,
the “Extended Credit Agreement Termination Date”), then the Redemption Trigger Date shall be the
earlier of (i) the Extended Credit Agreement Termination Date and (ii) 3:00 p.m. (New York City
time) on July 14, 2008.

          “Reference Treasury Dealer” means each of Banc of America Securities LLC, Goldman, Sachs &
Co., J.P. Morgan Securities Inc., Morgan Stanley & Co. Incorporated and UBS Securities LLC (or
their respective affiliates that are primary U.S. Government securities dealers); and their
respective successors, or if at any time any of the above is not a primary U.S. Government
securities dealer, one other nationally recognized investment banking firm selected by the Company
that is a primary U.S. Government securities dealer.

          “Reference Treasury Dealer Quotations” means, with respect to each Reference Treasury Dealer
and any redemption date, the average, as determined by the Independent Investment Banker, of the
bid and asked prices for the Comparable Treasury Issue (expressed in each case as a percentage of
its principal amount) quoted in writing to the Independent Investment Banker by such Reference
Treasury Dealer at 5:00 p.m., New York City time, on the third Business Day preceding such
redemption date.

          “Registration Rights Agreement” means the Registration Rights Agreement dated April 30, 2008,
among Dr Pepper Snapple Group, Inc., J.P. Morgan Securities Inc., Banc of America Securities LLC,
Morgan Stanley & Co. Incorporated, UBS Securities LLC and Goldman, Sachs & Co., as such agreement
may be amended, modified or supplemented from time to time and, with respect to any Additional
Notes, one or more registration

9

 

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
the purchasers of Additional Notes to register such Additional Notes, or exchange such Additional
Notes for registered Notes, under the Securities Act.

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

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

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

          “Regulation S Permanent Global Note” means a permanent Global Note substantially in the form
of Exhibit A-1, Exhibit A-2 or Exhibit A-3 hereto, as the case may be, bearing the Global Note
Legend and the Private Placement Legend and deposited with and registered in the name of the
Depositary or its nominee that will be issued in a denomination equal to the outstanding principal
amount of the Regulation S Temporary Global Note upon expiration of the Distribution Compliance
Period.

          “Regulation S Temporary Global Note” means a temporary Global Note substantially in the form
of Exhibit A-1, Exhibit A-2 and Exhibit A-3 hereto, as the case may be, bearing the Global Note
Legend, the Private Placement Legend and Regulation S Temporary Global Note Legend and deposited
with and registered in the name of the Depository or its nominee, issued in a denomination equal to
the outstanding principal amount of the Notes sold for initial resale in reliance on Rule 903 of
Regulation S.

          “Regulation S Temporary Global Note Legend” means the legend set forth in Section 2.06(g)(iii)
hereof to be placed on all Regulation S Temporary Global Notes issued under this Indenture.

          “Remaining Scheduled Payments” means, with respect to each Note to be redeemed, the remaining
scheduled payments of the principal thereof and interest thereon that would be due after the
related redemption date for such redemption; provided, however, that, if such redemption date is
not an Interest Payment Date with respect to such Note, the amount of the next succeeding scheduled
interest payment thereon will be reduced by the amount of interest accrued thereon to such
redemption date.

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

          “Restricted Definitive Note” means one or more Definitive Notes bearing the Private Placement
Legend.

          “Restricted Global Notes” means 144A Global Notes, IAI Global Notes and Regulation S Global
Notes.

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

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

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

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

          “S&P” means Standard & Poor’s Ratings Services, a division of McGraw Hill, Inc., and its
successors.

10

 

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

          “Separation and Distribution Agreement” means the Separation and Distribution Agreement among
Cadbury Schweppes and the Company and, solely for certain sections set forth therein, Cadbury plc.

          “Separation Transaction” means the series of transactions pursuant to which Cadbury Schweppes
intends to effect a separation of the Business from its global confectionary business and other
beverage business through a distribution of the common stock of the Company to shareholders of
Cadbury Schweppes and a transfer of the Business to the Company pursuant to the Separation and
Distribution Agreement.

          “Series” or “Series of Notes” means the Initial Series and any Additional Series.

          “Shelf Registration Statement” means a registration statement relating to the registration of
Notes under Rule 415 of the Securities Act, as set forth in a Registration Rights Agreement.

          “Significant Subsidiary” means any Subsidiary, or any group of Subsidiaries considered
collectively in the aggregate, that would be a “significant subsidiary” as defined in Article 1,
Rule 1-02 of Regulation S-X promulgated pursuant to the Securities Act of 1933, as amended, as in
effect on the Issue Date.

          “Stated Maturity” means, with respect to any installment of interest or principal on any
series of Indebtedness (including, without limitation, a scheduled repayment or a scheduled sinking
fund payment), the date on which the payment of interest or principal was scheduled to be paid in
the original documentation governing such Indebtedness, and will not include any contingent
obligations to repay, redeem or repurchase any such interest or principal prior to the date
originally scheduled for the payment hereof.

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

          “Subsidiary Guarantee” means a Guarantee by a Subsidiary Guarantor of the Company’s
obligations with respect to the Notes pursuant to Article 10.

          “Subsidiary Guarantor” means each Subsidiary of the Company that becomes a Subsidiary
Guarantor pursuant to Section 4.12 or who otherwise executes and delivers a supplemental indenture
to the Trustee providing for a Subsidiary Guarantee, and any and all successors thereto.

          “Substitute Rating Agency” means a “nationally recognized statistical rating organization”
within the meaning of Section 3(a)(62) of the Exchange Act, selected by the Company (as certified
by a resolution of the Board of Directors of the Company and reasonably acceptable to the Trustee)
as a replacement agency for Moody’s or S&P, or both of them, as the case may be.

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

          “Treasury Rate” means, for any redemption date, the rate per annum equal to the semi-annual
equivalent yield to maturity, computed as the second Business Day immediately preceding that
redemption date, of the Comparable Treasury Issue, assuming a price for the Comparable Treasury
Issue (expressed as a percentage of its principal amount) equal to the Comparable Treasury Price
for that redemption date.

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

11

 

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

          “Unrestricted Global Notes” means one or more Global Notes that do not and are not required to
bear the Private Placement Legend and are deposited with and registered in the name of the
Depositary or its nominee.

          “U.S. Government Notes” means direct obligations (or certificates representing an ownership
interest in such obligations) of the United States of America (including any agency or
instrumentality thereof) for the payment of which the full faith and credit of the United States of
America is pledged and which are not callable or redeemable at the issuer’s option.

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

Section 1.02. Other Definitions.

	 	 	 
	 	 	Defined in
	Term	 	Section
	“Abandonment Announcement”
	 	3.08(a)
	“Acceleration Notice”
	 	6.02
	“Authentication Order”
	 	2.02(d)
	“Benefited Party”
	 	10.01
	“Change of Control Offer”
	 	4.11(a)
	“Change of Control Payment Date”
	 	3.09(c)
	“Covenant Defeasance”
	 	8.03
	“defeasance trust”
	 	8.04(a)
	“DTC”
	 	2.03(b)
	“Event of Default”
	 	6.01
	“Latest Special Redemption Date”
	 	3.08(b)
	“Legal Defeasance”
	 	8.02
	“losses”
	 	7.07
	“Offer Amount”
	 	3.09(b)(ii)
	“Offer Period”
	 	3.09(b)(ii)
	“Paying Agent”
	 	2.03(a)
	“Purchase Price”
	 	3.09(b)(ii)
	“Registrar”
	 	2.03(a)
	“Security Register”
	 	2.03(a)
	“Special Redemption Date”
	 	3.08(a)
	“Special Redemption Price”
	 	3.08(a)

Section 1.03. Incorporation by Reference of Trust Indenture Act.

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

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

          “indenture securities” means the Notes and the Subsidiary Guarantees;

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

          “indenture to be qualified” means this Indenture;

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

12

 

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

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

Section 1.04. Rules of Construction.

          (a) Unless the context otherwise requires:

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

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

     (iii) “or” is not exclusive;

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

     (v) all references in this instrument to “Articles,” “Sections” and other
subdivisions are to the designated Articles, Sections and subdivisions of this
instrument as originally executed;

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

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

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

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

ARTICLE 2.

THE NOTES

Section 2.01. Form and Dating.

          (a) General. The Notes and the Trustee’s certificate of authentication shall be substantially
in the form included in Exhibit A-1 (in the case of the 2013 Notes), Exhibit A-2 (in the case of
the 2018 Notes) or Exhibit A-3 (in the case of the 2038 Notes) hereto, or as may be set forth in a
supplemental indenture hereto (in the case of the Notes of any Additional Series). Exhibit A-1,
Exhibit A-2 and Exhibit A-3 each are hereby incorporated in and expressly made part of this
Indenture. The Notes may have notations, legends or endorsements required by law, exchange rule or
usage in addition to those set forth on Exhibit A-1, Exhibit A-2 or A-3, as the case may be. Each
Note shall be dated the date of its authentication. The Notes shall be in denominations of $2,000
and integral multiples of $1,000 in excess thereof. The terms and provisions contained in the
Notes shall constitute a part of this Indenture and the Company and the Trustee, by their execution
and delivery of this Indenture and the Subsidiary Guarantors by execution of a supplemental
indenture, expressly agree to such terms and provisions and to be bound thereby. To the extent any
provision of any Note conflicts with the express provisions of this Indenture, the provisions of
this Indenture shall govern and be controlling.

          (b) Form of Notes. Notes issued in global form shall be substantially in the form of Exhibit
A-1 (in the case of the 2013 Notes), Exhibit A-2 (in the case of the 2018 Notes) or Exhibit A-3 (in
the case of the 2038 Notes) attached hereto (including the Global Note Legend thereon and the
“Schedule of Exchanges of Interests in

13

 

the Global Note” attached thereto), or as may be set forth in a supplemental indenture hereto
(in the case of the Notes of any Additional Series). Notes issued in definitive form shall be
substantially in the form of Exhibit A-1 (in the case of the 2013 Notes), Exhibit A-2 (in the case
of the 2018 Notes) or Exhibit A-3 (in the case of the 2038 Notes) attached hereto (but without the
Global Note Legend thereon and without the “Schedule of Exchanges of Interests in the Global Note”
attached thereto) or as may be set forth in a supplemental indenture hereto (in the case of the
Notes of any Additional Series). Each Global Note shall represent such aggregate principal amount
of such outstanding Notes of the applicable Series as shall be specified therein and each shall
provide that it shall represent the aggregate principal amount of outstanding Notes of the
applicable Series from time to time endorsed thereon and that the aggregate principal amount of
outstanding Notes represented of the applicable Series thereby may from time to time be reduced or
increased, as appropriate, to reflect exchanges and redemptions and transfers of interests therein.
Any endorsement of a Global Note to reflect the amount of any increase or decrease in the
aggregate principal amount of outstanding Notes of the applicable Series represented thereby shall
be made by the Trustee or the Custodian, at the direction of the Trustee, in accordance with
instructions given by the Holder thereof as required by Section 2.06 hereof.

          (c) Temporary Global Notes. Notes offered and sold in reliance on Regulation S shall be
issued initially in the form of the Regulation S Temporary Global Note, which shall be deposited on
behalf of the purchasers of the Notes represented thereby with the Trustee, at the Corporate Trust
Office of the Trustee, as custodian for the Depositary, and registered in the name of the
Depositary or the nominee of the Depositary for the accounts of designated agents holding on behalf
of Euroclear or Clearstream, duly executed by the Company and authenticated by the Trustee as
hereinafter provided. The Distribution Compliance Period shall be terminated upon the receipt by
the Trustee of a written certificate from the Depositary, together with copies of certificates from
Euroclear and Clearstream certifying that they have received certification of non-United States
beneficial ownership of 100% of the aggregate principal amount of the Regulation S Temporary Global
Note (except to the extent of any beneficial owners thereof who acquired an interest therein during
the Distribution Compliance Period pursuant to another exemption from registration under the
Securities Act and who will take delivery of a beneficial ownership interest in a Global Note,
bearing a Private Placement Legend, all as contemplated by Section 2.06(b) hereof). Following the
termination of the Distribution Compliance Period, beneficial interests in the Regulation S
Temporary Global Note shall be exchanged for beneficial interests in the Regulation S Permanent
Global Note pursuant to the Applicable Procedures. Simultaneously with the authentication of the
Regulation S Permanent Global Note, the Trustee shall cancel the Regulation S Temporary Global
Note. The aggregate principal amount of the Regulation S Temporary Global Note and the Regulation
S Permanent Global Notes may from time to time be increased or decreased by adjustments made on the
records of the Trustee and the Depositary or its nominee, as the case may be, in connection with
transfers of interests as hereinafter provided.

          (d) Book-Entry Provisions. This Section 2.01(d) shall apply only to Global Notes deposited
with the Trustee, as custodian for the Depositary. Participants and Indirect Participants shall
have no rights under this Indenture or any Global Note with respect to any Global Note held on
their behalf by the Depositary or by the Trustee as custodian for the Depositary, and the
Depositary shall be treated by the Company, the Trustee and any agent of the Company or the Trustee
as the absolute owner of such Global Note for all purposes whatsoever. Notwithstanding the
foregoing, nothing herein shall prevent the Company, the Trustee or any 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 Participants or Indirect Participants,
the Applicable Procedures or the operation of customary practices of the Depositary governing the
exercise of the rights of a holder of a beneficial interest in any Global Note.

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

          (f) Certificated Notes. The Company shall exchange Global Notes for Definitive Notes if: (1)
at any time the Depositary notifies the Company that it is unwilling or unable to continue to act
as Depositary for the Global Notes or if at any time the Depositary shall no longer be eligible to
act as such because it ceases to be a clearing agency registered under the Exchange Act, and, in
either case, the Company shall not have appointed a successor Depositary within 90 days after the
Company receives such notice or becomes aware of such ineligibility,

14

 

(2) the Company, at its option, notifies the Trustee that it is exercising its option to cause
the issuance of Definitive Notes subject to the Applicable Procedures of the Depositary, or (3)
upon written request of a Holder or the Trustee if a Default or Event of Default shall have
occurred and be continuing.

          Upon the occurrence of any of the events set forth in clauses (1), (2) or (3) above, the
Company shall execute, and, upon receipt of an Authentication Order in accordance with Section 2.02
hereof, the Trustee shall authenticate and deliver, Definitive Notes, in authorized denominations,
in an aggregate principal amount of the applicable Series equal to the principal amount of the
Global Notes in exchange for such Global Notes.

          In no event shall the Regulation S Temporary Global Note be exchanged by the Company for
Definitive Notes prior to the expiration of the Distribution Compliance Period.

          Upon the exchange of a Global Note for Definitive Notes, such Global Note shall be cancelled
by the Trustee or an agent of the Company or the Trustee. Definitive Notes issued in exchange for
a Global Note pursuant to this Section 2.01 shall be registered in such names and in such
authorized denominations as the Depositary, pursuant to instructions from its Participants or its
Applicable Procedures, shall instruct the Trustee or an agent of the Company or the Trustee in
writing. The Trustee or such agent shall deliver such Definitive Notes to or as directed by the
Persons in whose names such Definitive Notes are so registered or to the Depositary.

Section 2.02. Execution and Authentication.

          (a) One Officer shall execute the Notes on behalf of the Company by manual or facsimile
signature.

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

          (c) A Note shall not be entitled to any benefit under this Indenture and shall not be valid
until authenticated by the manual or facsimile signature of the Trustee. The signature shall be
conclusive evidence that the Note has been duly authenticated and delivered under this Indenture.

          (d) The Trustee shall, upon a written order of the Company signed by an Officer (an
“Authentication Order”), authenticate the Notes for issuance and deliver the Notes specified in
such Authentication Order.

          (e) The Trustee may appoint an authenticating agent acceptable to the Company to authenticate
Notes. Unless otherwise provided in such appointment, an authenticating agent may authenticate the
Notes whenever the Trustee may do so. Each reference in this Indenture to authentication by the
Trustee includes authentication by such agent. An authenticating agent shall have the same rights
as the Trustee to deal with Holders, the Company or an Affiliate of the Company.

Section 2.03. Registrar and Paying Agent.

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

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

15

 

          (c) The Company initially appoints the Trustee to act as Registrar and Paying Agent and to act
as Custodian with respect to the Global Notes, and the Trustee hereby agrees so to initially act.

Section 2.04. Paying Agent to Hold Money in Trust.

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

Section 2.05. Holder Lists.

          The Trustee shall preserve in as current a form as is reasonably practicable the most recent
list available to it of the names and addresses of all Holders and shall otherwise comply with TIA
§ 312(a). If the Trustee is not the Registrar, the Company shall furnish or cause to be furnished
to the Trustee at least three 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 or such
shorter time as the Trustee may allow, as the Trustee may reasonably require of the names and
addresses of the Holders and the Company shall otherwise comply with TIA § 312(a).

Section 2.06. Transfer and Exchange.

          (a) Transfer and Exchange of Global Notes. A Global Security may not be transferred as a
whole except by the Depositary to a nominee of the Depositary, by a nominee of the Depositary to
the Depositary or to another nominee of the Depositary, or by the Depositary or any such nominee to
a successor Depositary or a nominee of such successor Depositary. Upon the occurrence of any of
the events set forth in the Section 2.01(f) above, Definitive Notes shall be issued in minimum
denominations of $2,000 and integral multiples of $1,000 in excess thereof in such names as the
Depositary shall instruct the Trustee in writing. Global Notes also may be exchanged or replaced,
in whole or in part, as provided in Sections 2.07 and 2.10 hereof. Except as provided above, every
Note authenticated and delivered in exchange for, or in lieu of, a Global Note or any portion
thereof, pursuant to this Section 2.06 or Section 2.07 or 2.10 hereof, shall be authenticated and
delivered in the form of, and shall be, a Global Note. A Global Note may not be exchanged for
another Note other than as provided in this Section 2.06(a), and beneficial interests in a Global
Note may not be transferred and exchanged other than as provided in Section 2.06(b), (c) or (f)
hereof.

          (b) Transfer and Exchange of Beneficial Interests in the Global Notes. The transfer and
exchange of beneficial interests in the Global Notes shall be effected through the Depositary, in
accordance with the provisions of this Indenture and the Applicable Procedures. Beneficial
interests in the Restricted Global Notes shall be subject to restrictions on transfer comparable to
those set forth herein to the extent required by the Securities Act. Transfers of beneficial
interests in Global Notes also shall require compliance with either clause (i) or (ii) below, as
applicable, as well as one or more of the other following clauses, as applicable:

     (i) Transfer of Beneficial Interests in the Same Global Note. Beneficial
interests in any Restricted Global Note may be transferred to Persons who take delivery
thereof in the form of a beneficial interest in the same Restricted Global Note in
accordance with the transfer restrictions set forth in the Private Placement Legend and any
Applicable Procedures; provided, however, that prior to the expiration of the Distribution
Compliance Period, transfers of beneficial interests in the Regulation S Temporary Global
Note may not be made to or for the account or benefit of a “U.S. Person” (as defined in Rule
902(k) of Regulation S) (other than a “distributor” (as defined in Rule 902(d) of Regulation
S)). Beneficial interests in any Unrestricted Global Note may be transferred to Persons who
take delivery thereof in the form of a beneficial interest in an Unrestricted Global Note.
Except as may be required by any Applicable

16

 

Procedures, no written orders or instructions shall be required to be delivered to the
Registrar to effect the transfers described in this Section 2.06(b)(i).

          (ii) All Other Transfers and Exchanges of Beneficial Interests in Global Notes.
In connection with all transfers and exchanges of beneficial interests that are not subject
to Section 2.06(b)(i) above, the transferor of such beneficial interest must deliver to the
Registrar either (A) both (1) a written order from a Participant or an Indirect Participant
given to the Depositary in accordance with the Applicable Procedures directing the
Depositary to credit or cause to be credited a beneficial interest in another Global Note of
the same Series in an amount equal to the beneficial interest to be transferred or exchanged
and (2) instructions given in accordance with the Applicable Procedures containing
information regarding the Participant account to be credited with such increase or (B) both
(1) if permitted under Section 2.06(a), a written order from a Participant or an Indirect
Participant given to the Depositary in accordance with the Applicable Procedures directing
the Depositary to cause to be issued a Definitive Note of the same Series in an amount equal
to the beneficial interest to be transferred or exchanged and (2) instructions given by the
Depositary to the Registrar containing information regarding the Person in whose name such
Definitive Note shall be registered to effect the transfer or exchange referred to in (B)(1)
above; provided that in no event shall Definitive Notes be issued upon the transfer or
exchange of beneficial interests in the Regulation S Temporary Global Note prior to (x) the
expiration of the Distribution Compliance Period and (y) the receipt by the Registrar of any
certificates required pursuant to Rule 903(b)(3)(ii)(B) under the Securities Act. Upon
consummation of an Exchange Offer by the Company in accordance with Section 2.06(f) hereof,
the requirements of this Section 2.06(b)(ii) shall be deemed to have been satisfied upon
receipt by the Registrar of the instructions contained in the Letter of Transmittal
delivered by the Holder of such beneficial interests in the Restricted Global Notes. Upon
satisfaction of all of the requirements for transfer or exchange of beneficial interests in
Global Notes contained in this Indenture and the Notes or otherwise applicable under the
Securities Act, the Trustee shall adjust the principal amount of the relevant Global Note(s)
pursuant to Section 2.06(h) hereof.

          (iii) Transfer of Beneficial Interests in a Restricted Global Note to Another
Restricted Global Note. A holder of a beneficial interest in a Restricted Global Note
may transfer such beneficial interest to a Person who takes delivery thereof in the form of
a beneficial interest in another Restricted Global Note if the transfer complies with the
requirements of Section 2.06(b)(ii) above and the Registrar receives the following:

     (A) if the transferee will take delivery in the form of a
beneficial interest in the 144A Global Note, then the transferor
must deliver a certificate in the form of Exhibit B hereto,
including the certifications in item (1) thereof or, if permitted by
the Applicable Procedures, item (3) thereof;

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

     (C) if the transferee is required by the Applicable Procedures
to take delivery in the form of a beneficial interest in the IAI
Global Note, then the transferor must deliver a certificate in the
form of Exhibit B hereto, including the certifications and
certificates required by item (3) thereof, if applicable.

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

17

 

     (A) such exchange or transfer is effected pursuant to the
Exchange Offer in accordance with a Registration Rights Agreement
and the holder of the beneficial interest, in the case of an
exchange, or the transferee, in the case of a transfer, makes any
and all certifications required in the applicable Letter of
Transmittal (or is deemed to have made such certifications if
delivery is made through the Applicable Procedures) as may be
required by such Registration Rights Agreement;

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

     (C) such transfer is effected by a broker-dealer pursuant to an
Exchange Offer Registration Statement in accordance with a
Registration Rights Agreement; or

     (D) the Registrar receives the following:

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

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

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

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

     (v) Transfer or Exchange of Beneficial Interests in an Unrestricted Global Note
for Beneficial Interests in a Restricted Global Note Prohibited. Beneficial interests
in an Unrestricted Global Note may not be exchanged for, or transferred to Persons who take
delivery thereof in the form of, beneficial interests in a Restricted Global Note.

          (c) Transfer and Exchange of Beneficial Interests in Global Notes for Definitive Notes.

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

     (A) if the holder of such beneficial interest in a Restricted
Global Note proposes to exchange such beneficial interest for a
Restricted Definitive Note, a

18

 

certificate from such holder in the form of Exhibit C hereto,
including the certifications in item (2)(a) thereof;

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

     (C) if such beneficial interest is being transferred to a
“Non-U.S. Person” in an offshore transaction (as defined in Section
902(k) of Regulation S) in accordance with Rule 903 or Rule 904, a
certificate to the effect set forth in Exhibit B hereto, including
the certifications in item (2) thereof;

     (D) if such beneficial interest is being transferred pursuant
to an exemption from the registration requirements of the Securities
Act in accordance with Rule 144 under the Securities Act, a
certificate to the effect set forth in Exhibit B hereto, including
the certifications in item (3)(a) thereof;

     (E) if such beneficial interest is being transferred to an
Institutional Accredited Investor in reliance on an exemption from
the registration requirements of the Securities Act other than those
listed in clauses (B) through (D) above, a certificate to the effect
set forth in Exhibit B hereto, including the certifications and
certificates required by item (3)(d) thereof, if applicable; or

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

the Trustee shall reduce or cause to be reduced in a corresponding amount pursuant to
Section 2.06(h) hereof, the aggregate principal amount of the applicable Restricted Global
Note, and the Company shall execute and, upon receipt of an Authentication Order in
accordance with Section 2.02 hereof, the Trustee shall authenticate and deliver a Restricted
Definitive Note in the appropriate principal amount to the Person designated by the holder
of such beneficial interest in the instructions delivered to the Registrar by the Depositary
and the applicable Participant or Indirect Participant on behalf of such holder. Any
Restricted Definitive Note issued in exchange for beneficial interests in a Restricted
Global Note pursuant to this Section 2.06(c)(i) shall be registered in such name or names
and in such authorized denomination or denominations as the holder of such beneficial
interest shall designate in such instructions. The Trustee shall deliver such Restricted
Definitive Notes to the Persons in whose names such Notes are so registered. Any Restricted
Definitive Note issued in exchange for a beneficial interest in a Restricted Global Note
pursuant to this Section 2.06(c)(i) shall bear the Private Placement Legend and shall be
subject to all restrictions on transfer contained therein.

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

     (iii) Transfer or Exchange of Beneficial Interests in Restricted Global Notes to
Unrestricted Definitive Notes. Subject to Section 2.06(a) hereof, a holder of a
beneficial interest in a Restricted Global Note may exchange such beneficial interest for an
Unrestricted Definitive Note or may transfer such beneficial interest to a Person who takes
delivery thereof in the form of an Unrestricted Definitive Note only if:

19

 

     (A) such exchange or transfer is effected pursuant to an
Exchange Offer in accordance with a Registration Rights Agreement
and the holder of such beneficial interest, in the case of an
exchange, or the transferee, in the case of a transfer, makes any
and all certifications in the applicable Letter of Transmittal (or
is deemed to have made such certifications if delivery is made
through the Applicable Procedures) as may be required by such
Registration Rights Agreement;

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

     (C) such transfer is effected by a broker-dealer pursuant to an
Exchange Offer Registration Statement in accordance with a
Registration Rights Agreement; or

     (D) the Registrar receives the following:

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

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

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

     Upon satisfaction of any of the conditions of any of the clauses of this Section
2.06(c)(iii), the Company shall execute and, upon receipt of an Authentication Order in
accordance with Section 2.02 hereof, the Trustee shall authenticate and deliver an
Unrestricted Definitive Note in the appropriate principal amount to the Person designated by
the holder of such beneficial interest in instructions delivered to the Registrar by the
Depositary and the applicable Participant or Indirect Participant on behalf of such holder,
and the Trustee shall reduce or cause to be reduced in a corresponding amount pursuant to
Section 2.06(h), the aggregate principal amount of the applicable Restricted Global Note.

     (iv) Transfer or Exchange of Beneficial Interests in Unrestricted Global Notes to
Unrestricted Definitive Notes. Subject to Section 2.06(a) hereof, if any holder of a
beneficial interest in an Unrestricted Global Note proposes to exchange such beneficial
interest for an Unrestricted Definitive Note or to transfer such beneficial interest to a
Person who takes delivery thereof in the form of an Unrestricted Definitive Note, then, upon
satisfaction of the applicable conditions set forth in Section 2.06(b)(ii) hereof, the
Trustee shall reduce or cause to be reduced in a corresponding amount pursuant to Section
2.06(h) hereof, the aggregate principal amount of the applicable Unrestricted Global Note,
and the Company shall execute, and, upon receipt of an Authentication Order in accordance
with Section 2.02 hereof, the Trustee shall authenticate and deliver an Unrestricted
Definitive Note in the appropriate principal amount to the Person designated by the holder
of such beneficial interest in instructions delivered to the Registrar by the Depositary and
the applicable Participant or Indirect Participant on behalf of such holder. Any
Unrestricted Definitive Note issued in exchange for a beneficial interest pursuant to this
Section 2.06(c)(iv) shall be registered in such name or names and in such authorized
denomination or denominations as the holder of such beneficial interest shall designate in
such instructions. The Trustee shall deliver such Unrestricted Definitive Notes to the
Persons in whose names such Notes are so registered. Any Unrestricted Definitive

20

 

Note issued in exchange for a beneficial interest pursuant to this Section 2.06(c)(iv)
shall not bear the Private Placement Legend.

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

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

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

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

     (C) if such Restricted Definitive Note is being transferred to
a “non-U.S. Person” in an offshore transaction (as defined in Rule
902(k) of Regulation S) in accordance with Rule 903 or Rule 904, a
certificate to the effect set forth in Exhibit B hereto, including
the certifications in item (2) thereof;

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

     (E) if such Restricted Definitive Note is being transferred to
an Institutional Accredited Investor in reliance on an exemption
from the registration requirements of the Securities Act other than
those listed in clauses (B) through (D) above, a certificate to the
effect set forth in Exhibit B hereto, including the certifications
and certificates required by item (3)(d) thereof, if applicable; or

     (F) if such Restricted Definitive Note is being transferred to
the Company or any of its Subsidiaries, a certificate to the effect
set forth in Exhibit B hereto, including the certifications in item
(3)(b) thereof,

the Trustee shall cancel the Restricted Definitive Note, increase or cause to be increased
in a corresponding amount pursuant to Section 2.06(h) hereof, the aggregate principal amount
of, in the case of clause (A) above, the appropriate Restricted Global Note, in the case of
clause (B) above, a 144A Global Note, in the case of clause (C) above, a Regulation S Global
Note, and in all other cases, a IAI Global Note.

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

     (A) such exchange or transfer is effected pursuant to an
Exchange Offer in accordance with a Registration Rights Agreement
and the holder of such beneficial interest, in the case of an
exchange, or the transferee, in the case of a transfer, makes any
and all certifications in the applicable Letter of

21

 

Transmittal (or is deemed to have made such certifications if
delivery is made through the Applicable Procedures) as may be
required by a Registration Rights Agreement;

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

     (C) such transfer is effected by a broker-dealer pursuant to an
Exchange Offer Registration Statement in accordance with a
Registration Rights Agreement; or

     (D) the Registrar receives the following:

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

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

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

     Upon satisfaction of the conditions of any of the clauses in this Section 2.06(d)(ii),
the Trustee shall cancel such Restricted Definitive Note and increase or cause to be
increased in a corresponding amount pursuant to Section 2.06(h) hereof, the aggregate
principal amount of the Unrestricted Global Note.

     (iii) Transfer or Exchange of Unrestricted Definitive Notes to Beneficial Interests
in Unrestricted Global Notes. A holder of an Unrestricted Definitive Note may exchange
such Unrestricted Definitive Note for a beneficial interest in an Unrestricted Global Note
or transfer such Unrestricted Definitive Note to a Person who takes delivery thereof in the
form of a beneficial interest in an Unrestricted Global Note at any time. Upon receipt of a
request for such an exchange or transfer, the Trustee shall cancel the applicable
Unrestricted Definitive Note and increase or cause to be increased in a corresponding amount
pursuant to Section 2.06(h) hereof the aggregate principal amount of one of the Unrestricted
Global Notes.

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

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

          (e) Transfer and Exchange of Definitive Notes for Definitive Notes. Upon request by a holder
of Definitive Notes and such holder’s compliance with the provisions of this Section 2.06(e), the
Registrar shall register the transfer or exchange of Definitive Notes. Prior to such registration
of transfer or exchange, the

22

 

requesting Holder shall present or surrender to the Registrar the Definitive Notes duly
endorsed or accompanied by a written instruction of transfer in form satisfactory to the Registrar
duly executed by such holder. In addition, the requesting holder shall provide any additional
certifications, documents and information, as applicable, required pursuant to the following
provisions of this Section 2.06(e).

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

     (A) if the transfer will be made pursuant to Rule 144A, a
certificate in the form of Exhibit B hereto, including the
certifications in item (1) thereof;

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

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

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

     (A) such exchange or transfer is effected pursuant to an
Exchange Offer in accordance with a Registration Rights Agreement
and the holder, in the case of an exchange, or the transferee, in
the case of a transfer, makes any and all certifications in the
applicable Letter of Transmittal (or is deemed to have made such
certifications if delivery is made through the Applicable
Procedures) as may be required by such Registration Rights
Agreement;

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

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

     (D) the Registrar receives the following:

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

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

and, in each such case set forth in this clause (D), if the Registrar so requests,
an Opinion of Counsel in form reasonably acceptable to the Registrar to the effect
that such exchange or transfer complies with the Securities Act and that the
restrictions on transfer contained herein and in the

23

 

Private Placement Legend are no longer required in order to maintain compliance with
the Securities Act.

          Upon satisfaction of the conditions of any of the clauses of this Section 2.06(e)(ii), the
Trustee shall cancel the prior Restricted Definitive Note and the Company shall execute, and upon
receipt of an Authentication Order in accordance with Section 2.02 hereof, the Trustee shall
authenticate and deliver an Unrestricted Definitive Note in the appropriate aggregate principal
amount to the Person designated by the holder of such prior Restricted Definitive Note in
instructions delivered to the Registrar by such holder.

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

          (f) Exchange Offer. Upon the occurrence of an Exchange Offer in accordance with a
Registration Rights Agreement, the Company shall issue and, upon receipt of an Authentication Order
in accordance with Section 2.02 hereof, the Trustee shall authenticate (A) one or more Unrestricted
Global Notes in an aggregate principal amount equal to the aggregate principal amount of the
beneficial interests in the applicable Restricted Global Notes (1) tendered for acceptance by
Persons that make any and all certifications in the applicable Letters of Transmittal (or are
deemed to have made such certifications if delivery is made through the Applicable Procedures) as
may be required by such Registration Rights Agreement and (2) accepted for exchange in such
Exchange Offer and (B) Unrestricted Definitive Notes in an aggregate principal amount equal to the
aggregate principal amount of the Restricted Definitive Notes tendered for acceptance by Persons
who made the foregoing certifications and accepted for exchange in the Exchange Offer.
Concurrently with the issuance of such Notes, the Trustee shall reduce or cause to be reduced in a
corresponding amount the aggregate principal amount of the applicable Restricted Global Notes, and
the Company shall execute and, upon receipt of an Authentication Order in accordance with Section
2.02 hereof, the Trustee shall authenticate and deliver to the Persons designated by the holders of
Restricted Definitive Notes so accepted Unrestricted Definitive Notes in the appropriate aggregate
principal amount.

          Following the consummation of any Exchange Offer with respect to any Series of Notes, all
Notes of such Series that remain outstanding (including all Exchange Notes of such Series and any
Notes of such Series not exchanged for Exchange Notes of such Series) shall be treated as a single
class of securities under this Indenture.

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

     (i) Private Placement Legend.

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

     THIS SECURITY HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE
‘‘SECURITIES ACT’’), OR THE SECURITIES LAWS OF ANY STATE OR OTHER JURISDICTION. 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, SUCH
REGISTRATION. THE HOLDER OF THIS SECURITY, BY ITS ACCEPTANCE HEREOF, AGREES ON ITS OWN
BEHALF AND ON BEHALF OF ANY INVESTOR ACCOUNT FOR WHICH IT HAS PURCHASED SECURITIES, TO
OFFER, SELL OR OTHERWISE TRANSFER SUCH SECURITY, PRIOR TO THE DATE (THE ‘‘RESALE RESTRICTION
TERMINATION DATE’’) THAT IS [IN THE CASE OF RULE 144A NOTES: ONE YEAR] [IN THE CASE OF
REGULATION S NOTES: 40 DAYS] AFTER THE LATER OF THE ORIGINAL ISSUE DATE HEREOF [IN THE CASE
OF RULE 144A NOTES: (OR IF SECURITIES OF THE SAME SERIES HAVE THEREAFTER BEEN ISSUED, THE
ORIGINAL ISSUE

24

 

DATE THEREOF)] AND THE LAST DATE ON WHICH THE ISSUER OR ANY AFFILIATE OF THE ISSUER WAS
THE OWNER OF THIS SECURITY (OR ANY PREDECESSOR OF SUCH SECURITY), ONLY (A) TO THE ISSUER OR
ANY SUBSIDIARY OF THE ISSUER, (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, TO A PERSON IT REASONABLY
BELIEVES IS A ‘‘QUALIFIED INSTITUTIONAL BUYER’’ AS DEFINED IN RULE 144A UNDER THE SECURITIES
ACT THAT PURCHASES FOR ITS OWN ACCOUNT OR FOR THE ACCOUNT OF A QUALIFIED INSTITUTIONAL BUYER
TO WHOM NOTICE IS GIVEN THAT THE TRANSFER IS BEING MADE IN RELIANCE ON RULE 144A, (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’’
WITHIN THE MEANING OF RULE 501(a)(1), (2), (3) OR (7) UNDER THE SECURITIES ACT THAT IS AN
INSTITUTIONAL ACCREDITED INVESTOR ACQUIRING THE SECURITY FOR ITS OWN ACCOUNT OR FOR THE
ACCOUNT OF SUCH AN INSTITUTIONAL ACCREDITED INVESTOR, IN EACH CASE IN A MINIMUM PRINCIPAL
AMOUNT OF THE SECURITIES OF $250,000, 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, (F)
PURSUANT TO THE EXEMPTION FROM REGISTRATION PROVIDED BY RULE 144 UNDER THE SECURITIES ACT
(IF AVAILABLE), OR (G) PURSUANT TO ANOTHER AVAILABLE EXEMPTION FROM THE REGISTRATION
REQUIREMENTS OF THE SECURITIES ACT, SUBJECT TO THE ISSUER’S AND THE TRUSTEE’S RIGHT PRIOR TO
ANY SUCH OFFER, SALE OR TRANSFER PURSUANT TO CLAUSES (D), (E), (F), OR (G) 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 THE HOLDER AFTER THE RESALE
RESTRICTION TERMINATION DATE.

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

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

     “THIS GLOBAL NOTE IS HELD BY THE DEPOSITARY (AS DEFINED IN THE INDENTURE GOVERNING THIS
NOTE) OR ITS NOMINEE IN CUSTODY FOR THE BENEFIT OF THE BENEFICIAL OWNERS HEREOF, AND IS NOT
TRANSFERABLE TO ANY PERSON UNDER ANY CIRCUMSTANCES EXCEPT THAT (I) THE TRUSTEE MAY MAKE SUCH
NOTATIONS HEREON AS MAY BE REQUIRED PURSUANT TO SECTION 2.06 OF THE INDENTURE, (II) THIS
GLOBAL NOTE MAY BE EXCHANGED IN WHOLE BUT NOT IN PART PURSUANT TO SECTION 2.06(a) OF THE
INDENTURE, (III) THIS GLOBAL NOTE MAY BE DELIVERED TO THE TRUSTEE FOR CANCELLATION PURSUANT
TO SECTION 2.11 OF THE INDENTURE AND (IV) THIS GLOBAL NOTE MAY BE TRANSFERRED TO A SUCCESSOR
DEPOSITARY WITH THE PRIOR WRITTEN CONSENT OF THE ISSUER.

     UNLESS AND UNTIL IT IS EXCHANGED IN WHOLE OR IN PART FOR NOTES IN DEFINITIVE FORM, THIS
NOTE MAY NOT BE TRANSFERRED EXCEPT AS A WHOLE BY THE DEPOSITARY TO A NOMINEE OF THE
DEPOSITARY OR BY A NOMINEE OF THE DEPOSITARY TO THE DEPOSITARY OR ANOTHER NOMINEE OF THE
DEPOSITARY OR BY THE DEPOSITARY OR ANY SUCH NOMINEE TO A SUCCESSOR DEPOSITARY OR A NOMINEE
OF SUCH SUCCESSOR DEPOSITARY. UNLESS THIS NOTE 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 NOTE ISSUED IS REGISTERED IN THE
NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS MAY BE REQUESTED BY AN AUTHORIZED REPRESENTATIVE
OF

25

 

DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS MAY BE REQUESTED
BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE
OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE &
CO., HAS AN INTEREST HEREIN.”

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

     “EXCEPT AS SET FORTH BELOW, BENEFICIAL OWNERSHIP INTERESTS IN THIS REGULATION S
TEMPORARY GLOBAL NOTE WILL NOT BE EXCHANGEABLE FOR INTERESTS IN THE REGULATION S PERMANENT
GLOBAL NOTE OR ANY OTHER NOTE REPRESENTING AN INTEREST IN THE NOTES REPRESENTED HEREBY WHICH
DO NOT CONTAIN A LEGEND CONTAINING RESTRICTIONS ON TRANSFER, 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) AND THEN ONLY UPON CERTIFICATION IN FORM REASONABLY SATISFACTORY
TO THE TRUSTEE THAT SUCH BENEFICIAL INTERESTS ARE OWNED EITHER BY NON-U.S. PERSONS OR U.S.
PERSONS WHO PURCHASED SUCH INTERESTS IN A TRANSACTION THAT DID NOT REQUIRE REGISTRATION
UNDER THE SECURITIES ACT. DURING SUCH 40-DAY DISTRIBUTION COMPLIANCE PERIOD, BENEFICIAL
OWNERSHIP IN THIS REGULATION S TEMPORARY GLOBAL NOTE MAY ONLY BE SOLD, PLEDGED OR
TRANSFERRED THROUGH EUROCLEAR OR CLEARSTREAM AND ONLY (1) TO THE ISSUER OR ANY SUBSIDIARY OF
THE ISSUER, (2) WITHIN THE UNITED STATES TO A PERSON WHOM THE SELLER REASONABLY BELIEVES IS
A QUALIFIED INSTITUTIONAL BUYER (AS DEFINED IN RULE 144A UNDER THE SECURITIES ACT) IN A
TRANSACTION MEETING THE REQUIREMENTS OF RULE 144A, (3) OUTSIDE THE UNITED STATES IN A
TRANSACTION IN ACCORDANCE WITH RULE 904 UNDER THE SECURITIES ACT OR (4) PURSUANT TO AN
EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT, IN EACH OF THE CASES (1) THROUGH
(4) IN ACCORDANCE WITH ANY APPLICABLE SECURITIES LAWS OF ANY STATE OF THE UNITED STATES AND
OTHER JURISDICTIONS. HOLDERS OF INTERESTS IN THIS REGULATION S TEMPORARY GLOBAL NOTE WILL
NOTIFY ANY PURCHASER OF THIS NOTE OF THE RESALE RESTRICTIONS REFERRED TO ABOVE, IF THEN
APPLICABLE.

          BENEFICIAL INTERESTS IN THIS REGULATION S TEMPORARY GLOBAL NOTE MAY BE EXCHANGED FOR
INTERESTS IN A RESTRICTED GLOBAL NOTE ONLY IF (1) SUCH EXCHANGE OCCURS IN CONNECTION WITH A
TRANSFER OF THE NOTES IN COMPLIANCE WITH RULE 144A, AND (2) THE TRANSFEROR OF THE REGULATION
S TEMPORARY GLOBAL NOTE FIRST DELIVERS TO THE TRUSTEE A WRITTEN CERTIFICATE (IN THE FORM
ATTACHED TO THIS NOTE) TO THE EFFECT THAT THE REGULATION S GLOBAL NOTE IS BEING TRANSFERRED
(A) TO A PERSON WHO THE TRANSFEROR REASONABLY BELIEVES TO BE A QUALIFIED INSTITUTIONAL BUYER
WITHIN THE MEANING OF RULE 144A, (B) TO A PERSON WHO IS PURCHASING FOR ITS OWN ACCOUNT OR
THE ACCOUNT OF A QUALIFIED INSTITUTIONAL BUYER IN A TRANSACTION MEETING THE REQUIREMENTS OF
RULE 144A AND (C) IN ACCORDANCE WITH ALL APPLICABLE SECURITIES LAWS OF THE STATES OF THE
UNITED STATES AND OTHER JURISDICTIONS.

          BENEFICIAL INTERESTS IN A GLOBAL TRANSFER RESTRICTED NOTE MAY BE TRANSFERRED TO A
PERSON WHO TAKES DELIVERY IN THE FORM OF AN INTEREST IN THE REGULATION S GLOBAL NOTE,
WHETHER BEFORE OR AFTER THE EXPIRATION OF THE 40-DAY DISTRIBUTION COMPLIANCE PERIOD, ONLY IF
THE TRANSFEROR FIRST DELIVERS TO THE TRUSTEE A WRITTEN CERTIFICATE (IN THE FORM ATTACHED TO
THIS NOTE) TO THE EFFECT THAT IF SUCH TRANSFER IS BEING MADE IN ACCORDANCE WITH RULE 903 OR
904 OF REGULATION S OR RULE 144 (IF AVAILABLE) AND THAT, IF SUCH TRANSFER OCCURS PRIOR TO
THE EXPIRATION OF THE 40-DAY DISTRIBUTION

26

 

           COMPLIANCE PERIOD, THE INTEREST TRANSFERRED WILL BE HELD IMMEDIATELY THEREAFTER THROUGH
EUROCLEAR OR CLEARSTREAM.”

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

          (i) General Provisions Relating to Transfers and Exchanges.

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

     (ii) No service charge shall be made to a holder of a beneficial interest in a Global
Note or to a Holder of a Definitive Note for any registration of transfer or exchange, but
the Company may require payment of a sum sufficient to cover any transfer tax or similar
governmental charge payable in connection therewith (other than any such transfer taxes or
similar governmental charge payable upon exchange or transfer pursuant to Sections 2.07,
2.10, 3.06, 4.11 and 9.05 hereof).

     (iii) All Global Notes and Definitive Notes issued upon any registration of transfer or
exchange of Global Notes or Definitive Notes shall be the valid obligations of the Company,
evidencing the same debt as the Global Notes or Definitive Notes surrendered upon such
registration of transfer or exchange and shall be entitled to all of the benefits of this
Indenture equally and proportionately with all other Notes duly issued hereunder.

     (iv) Neither the Registrar nor the Company shall be required (A) to register the
transfer of or to exchange any Notes during a period beginning at the opening of business 15
days before the day of any selection of Notes for redemption under Section 3.02 hereof and
ending at the close of business on the date of selection, (B) to register the transfer of or
to exchange any Note so selected for redemption in whole or in part, except the unredeemed
portion of any Note being redeemed in part or (C) to register the transfer of or to exchange
a Note between a record date (including a Regular Record Date) and the next succeeding
Interest Payment Date.

     (v) Prior to due presentment for the registration of transfer of any Note, the Trustee,
any Agent and the Company may deem and treat the Person in whose name any Note is registered
as the absolute owner of such Note for the purpose of receiving payment of principal of,
premium, if any, and interest on such Note and for all other purposes, in each case
regardless of any notice to the contrary.

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

     (vii) The Trustee is hereby authorized and directed to enter into a letter of
representation with the Depositary in the form provided by the Company and to act in
accordance with such letter.

27

 

Section 2.07. Replacement Notes.

          If any mutilated Note is surrendered to the Trustee or the Company and the Trustee receives
evidence to its satisfaction of the destruction, loss or theft of any Note, the Company shall issue
and, upon receipt of an Authentication Order in accordance with Section 2.02 hereof, the Trustee
shall authenticate a replacement Note. If required by the Trustee or the Company, the Holder of
such Note shall provide indemnity that is sufficient, in the judgment of the Trustee or the
Company, to protect the Company, the Trustee, any Agent and any authenticating agent from any loss
that any of them may suffer in connection with such replacement. If required by the Company, or
the Trustee such Holder shall reimburse the Company or the Trustee for its reasonable expenses in
connection with such replacement.

          Every replacement Note issued in accordance with this Section 2.07 shall be the valid
obligation of the Company, evidencing the same debt as the destroyed, lost or stolen Note, and
shall be entitled to all of the benefits of this Indenture equally and proportionately with all
other Notes duly issued hereunder.

Section 2.08. Outstanding Notes.

          (a) The Notes of any Series outstanding at any time shall be the entire principal amount of
Notes of such Series represented by all of the Global Notes and Definitive Notes of such Series
authenticated by the Trustee except for those cancelled by it, those delivered to it for
cancellation, those subject to reductions in beneficial interests effected by the Trustee in
accordance with Section 2.06 hereof, and those described in this Section 2.08 as not outstanding.
Except as set forth in Section 2.09 hereof, a Note shall not cease to be outstanding because the
Company or an Affiliate of the Company holds the Note.

          (b) If a Note is replaced pursuant to Section 2.07 hereof, it shall cease to be outstanding
unless the Trustee receives proof satisfactory to it that the replaced note is held by a bona fide
purchaser.

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

          (d) If the Paying Agent (other than the Company, a Subsidiary or an Affiliate of any thereof)
holds, on a redemption date, a Purchase Date or a maturity date, funds sufficient to pay Notes
payable on that date, then on and after that date such Notes shall be deemed to be no longer
outstanding and shall cease to accrue interest.

Section 2.09. Treasury Notes.

          In determining whether the Holders of the required principal amount of Notes have concurred in
any direction, waiver or consent, Notes owned by the Company, or by any Affiliate of the Company,
shall be considered as though not outstanding, except that for the purposes of determining whether
the Trustee shall be protected in relying on any such direction, waiver or consent, only Notes that
the Trustee knows are so owned shall be so disregarded.

Section 2.10. Temporary Notes.

          Until certificates representing Notes are ready for delivery, the Company may prepare and,
upon receipt of an Authentication Order in accordance with Section 2.02 hereof, the Trustee shall
authenticate temporary Notes. Temporary Notes shall be substantially in the form of Definitive
Notes but may have variations that the Company considers appropriate for temporary Notes and as
shall be reasonably acceptable to the Trustee. Without unreasonable delay, the Company shall
prepare and the Trustee shall authenticate Global Notes or Definitive Notes in exchange for
temporary Notes, as applicable. After preparation of Definitive Notes, the Temporary Note will be
exchangeable for Definitive Notes upon surrender of the Temporary Notes.

          Holders of temporary Notes shall be entitled to all of the benefits of this Indenture equally
and proportionately with all other Notes duly issued hereunder.

28

 

Section 2.11. Cancellation.

          The Company at any time may deliver Notes to the Trustee for cancellation. The Registrar and
Paying Agent shall forward to the Trustee any Notes surrendered to them for registration of
transfer, exchange or payment. Upon sole direction of the Company, the Trustee and no one else
shall cancel all Notes surrendered for registration of transfer, exchange, payment, replacement or
cancellation and shall destroy cancelled Notes (subject to the record retention requirements of the
Exchange Act or other applicable laws) unless by written order, signed by an Officer of the
Company, the Company directs them to be returned to it. Certification of the destruction of all
cancelled Notes shall be delivered to the Company from time to time upon request. The Company may
not issue new Notes to replace Notes that it has paid or that have been delivered to the Trustee
for cancellation.

Section 2.12. Payment of Interest; Defaulted Interest.

          If the Company defaults in a payment of interest on the Notes, it shall pay the defaulted
interest in any lawful manner plus, to the extent lawful, interest payable on the defaulted
interest, to the Persons who are Holders on a subsequent special record date, in each case at the
rate provided in the Notes and in Section 4.01 hereof. The Company shall notify the Trustee in
writing of the amount of defaulted interest proposed to be paid on each Note and the date of the
proposed payment. The Company shall fix or cause to be fixed each such special record date and
payment date; provided that no such special record date shall be less than 10 days prior to the
related Interest Payment Date for such defaulted interest. At least 15 days before the special
record date, the Company (or, upon the written request of the Company, the Trustee in the name and
at the expense of the Company) shall mail or cause to be mailed to Holders a notice that states the
special record date, the related Interest Payment Date and the amount of such interest to be paid.

Section 2.13. CUSIP or ISIN Numbers.

          The Company in issuing the Notes may use “CUSIP” and/or “ISIN” numbers (if then generally in
use), and, if so, the Trustee shall use “CUSIP” and/or “ISIN” numbers in notices of redemption or
Offers to Purchase as a convenience to Holders; provided, however, that any such notice may state
that no representation is made as to the correctness of such numbers either as printed on the Notes
or as contained in any notice of a redemption or notice of an Offer to Purchase and that reliance
may be placed only on the other identification numbers printed on the Notes, and any such
redemption or Offer to Purchase shall not be affected by any defect in or omission of such numbers.
The Company shall promptly notify the Trustee of any change in the “CUSIP” and/or “ISIN” numbers.

Section 2.14. Additional Interest.

          If Additional Interest is payable on the Initial Notes by the Company pursuant to the
Registration Rights Agreement relating to the Initial Notes and paragraph 1 of the Initial Notes
(or is payable on any Additional Notes by the Company pursuant to any Registration Rights Agreement
relating to such Additional Notes and the terms of such Additional Notes), the Company shall
deliver to the Trustee a certificate to that effect stating (i) the amount of such Additional
Interest that is payable and (ii) the date on which such interest is payable pursuant to Section
4.01 hereof. Unless and until a Responsible Officer of the Trustee receives such a certificate or
instruction or direction from the Holders in accordance with the terms of this Indenture, the
Trustee may assume without inquiry that no Additional Interest is payable. The foregoing shall not
prejudice the rights of the Holders with respect to their entitlement to Additional Interest as
otherwise set forth in this Indenture or the Notes and pursuing any action against the Company
directly or otherwise directing the Trustee to take any such action in accordance with the terms of
this Indenture and the Notes. If the Company has paid Additional Interest directly to the Persons
entitled to it, the Company shall deliver to the Trustee an Officers’ Certificate setting forth the
details of such payment.

Section 2.15. Further Issuances.

          (a) The Company may from time to time, without notice to or the consent of the Holders of the
Notes of any Series, create and issue Additional Notes of any Series of Notes, having the same
terms as, and ranking

29

 

equally and ratably with, such Series of Notes in all respects (except with respect to the
issue date, registration rights and, if applicable, the payment of interest accruing prior to the
issue date of such Additional Notes and the first payment of interest following the issue date of
such Additional Notes). These Additional Notes will be Guaranteed by the Subsidiary Guarantors on
the same basis as the Initial Notes (in the case of any Initial Series) or the initial Notes of the
applicable Additional Series (in the case of any Additional Series) and will be consolidated into
and form a single Series with, and will have the same terms as to redemption, waivers, amendments
or otherwise as the applicable Initial Notes (in the case of any Initial Series) or the initial
Notes of the applicable Additional Series (in the case of any Additional Series), and will vote
together as one class with the other Notes of the same Series on all matters with respect to the
notes of such Series.

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

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

          (ii) the issue price, the issue date and the CUSIP and/or ISIN number of such Additional
Notes; provided, however, that no Additional Notes may be issued at a price that would cause such
Additional Notes to have “original issue discount” within the meaning of Section 1273 of the Code,
other than a de minimis original issue discount within the meaning of Section 1273 of the Code; and

          (iii) whether such Additional Notes shall be subject to the restrictions on transfer set forth
in Section 2.06 hereof relating to Restricted Global Notes and Restricted Definitive Notes.

          (b) The Company may also from time to time, without notice to or the consent of the Holders of
the Notes of any Series, create and issue one or more series of notes different from any of the
Initial Series (any such different series, an “Additional Series”). Notes of any Additional Series
may have terms different than the Notes of any Initial Series and will be treated as a separate
Series of Notes under this Indenture for purposes of redemption, waivers, amendments or otherwise.
Each Additional Series of Notes shall be authorized by a Board Resolution and shall be issued
pursuant to a supplemental indenture hereto. With respect to any such Additional Series, the
Company shall set forth in a Board Resolution, a supplemental indenture hereto and an Officers’
Certificate, a copy of each of which shall be delivered to the Trustee, the following information:

          (i) the title of the Additional Series (which shall distinguish the Notes of that particular
Series from the Notes of any other Series);

          (ii) any limit upon the aggregate principal amount of the Notes of the Additional Series which
may be authenticated and delivered under this Indenture (except for Notes authenticated and
delivered upon registration of transfer of, or in exchange for, or in lieu of, other Notes of the
Additional Series pursuant to Sections 2.7, 2.8, 2.11 or 3.06);

          (iii) the issue price or prices (expressed as a percentage of the principal amount thereof) at
which the Notes of the Additional Series will be issued;

          (iv) the date or dates on which the principal of the Notes of the Additional Series is
payable;

          (v) the rate or rates (which may be fixed or variable) per annum or, if applicable, the method
used to determine such rate or rates (including, but not limited to, any commodity, commodity
index, stock exchange index or financial index) at which the Notes of the Additional Series shall
bear interest, if any, the date or dates from which such interest, if any, shall accrue, the date
or dates on which such interest, if any, shall commence and be payable and any regular record date
for the interest payable on any interest payment date;

          (vi) if applicable, the period or periods within which, the price or prices at which and the
terms and conditions upon which the Notes of the Additional Series may be redeemed, in whole or in
part, at the option of the Company;

30

 

          (vii) the obligation, if any, of the Company to redeem or purchase the Notes of the Series
pursuant to any sinking fund or analogous provisions or at the option of a Holder thereof and the
period or periods within which, the price or prices at which and the terms and conditions upon
which Notes of the Additional Series shall be redeemed or purchased, in whole or in part, pursuant
to such obligation;

          (viii) the dates, if any, on which and the price or prices at which the Notes of the
Additional Series will be repurchased by the Company at the option of the Holders thereof and other
detailed terms and provisions of such repurchase obligations;

          (ix) if other than the principal amount thereof, the portion of the principal amount of the
Notes of the Additional Series that shall be payable upon declaration of acceleration of the
maturity thereof pursuant to Section 6.02;

          (x) the currency of denomination of the Notes of the Additional Series;

          (xi) the designation of the currency, currencies or currency units in which payment of the
principal of and interest and premium, if any, on the Notes of the Additional Series will be made;

          (xii) if payments of principal of or interest or premium, if any, on the Notes of the
Additional Series are to be made in one or more currencies or currency units other than that or
those in which such Notes are denominated, the manner in which the exchange rate with respect to
such payments will be determined;

          (xiii) the manner in which the amounts of payment of principal of or interest and premium, if
any, on the Notes of the Additional Series will be determined, if such amounts may be determined by
reference to an index based on a currency or currencies or by reference to a commodity, commodity
index, stock exchange index or financial index;

          (xiv) the provisions, if any, relating to any collateral provided for the Notes of the
Additional Series;

          (xv) any addition to or change in the covenants set forth in Articles 4 or 5 that applies to
Notes of the Additional Series;

          (xvi) any addition to or change in the Events of Default which applies to any Notes of the
Additional Series and any change in the right of the Trustee or the requisite Holders of such Notes
to declare the principal amount thereof due and payable pursuant to Section 6.02;

          (xvii) the terms and conditions, if any, for conversion of the Notes into or exchange of the
Notes for shares of common stock or preferred stock of the Company that apply to Notes of the
Additional Series;

          (xviii) any depositories, interest rate calculation agents, exchange rate calculation agents
or other agents with respect to Notes of such Additional Series if other than those appointed
herein;

          (xix) the terms and conditions, if any, upon which the Notes of the Additional Series shall be
subordinated in right of payment to other Indebtedness of the Company;

          (xx) if applicable, that the Notes of the Additional Series, in whole or any specified part,
shall be defeasible pursuant to Article 8; and

          (xxi) any other terms of the Notes of the Additional Series (which terms shall not be
inconsistent with the provisions of this Indenture, except as permitted by Section 9.01, but which
may modify or delete any provision of this Indenture insofar as it applies to such Series).

          Any of the information above may be specified by reference to provisions of this Indenture
which will (or will not be) applicable to such Additional Series of Notes.

31

 

Section 2.16. Record Date.

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

ARTICLE 3.

REDEMPTION AND PREPAYMENT

Section 3.01. Notices to Trustee.

          If the Company elects to redeem Notes pursuant to the optional redemption provisions of
Section 3.07 hereof, it shall furnish to the Trustee, at least 30 days but not more than 60 days
before a redemption date (or such shorter period as allowed by the Trustee), an Officers’
Certificate setting forth (a) the applicable section of this Indenture pursuant to which the
redemption shall occur, (b) the redemption date, (c) the principal amount of Notes to be redeemed
and (d) the redemption price.

Section 3.02. Selection of Notes to Be Redeemed.

          If less than all of the Notes are to be redeemed at any time, the Trustee shall select the
Notes to be redeemed among the Holders of the Notes in compliance with the requirements of the
principal national securities exchange, if any, on which the Notes are listed or, if the Notes are
not so listed, on a pro rata basis, by lot or in accordance with any other method the Trustee deems
fair and appropriate. In the event of partial redemption by lot, the particular Notes to be
redeemed shall be selected, unless otherwise provided herein, not less than 30 nor more than
60 days prior to the redemption date by the Trustee from the outstanding Notes not previously
called for redemption.

          The Trustee shall promptly notify the Company in writing of the Notes selected for redemption
and, in the case of any Note selected for partial redemption, the principal amount thereof to be
redeemed. Notes and portions of Notes selected shall be in amounts of $2,000 or whole multiples of
$1,000 integral multiples in excess thereof; except that if all of the Notes of a Holder are to be
redeemed, the entire outstanding amount of Notes held by such Holder, even if not an integral
multiple of $1,000, shall be redeemed.  Except as provided in the preceding sentence, provisions of
this Indenture that apply to Notes called for redemption also apply to portions of Notes called for
redemption.

Section 3.03. Notice of Redemption.

          In the case of any redemption other than a redemption pursuant to Section 3.08, at least
30 days but not more than 60 days prior to a redemption date, the Company or the Trustee at the
Company’s request shall mail or cause to be mailed, by first class mail, a notice of redemption to
each Holder whose Notes are to be redeemed at such Holder’s registered address appearing in the
Security Register.

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

          (a) the amount of Notes of any Series to be redeemed;

          (b) any conditions applicable to the redemption;

          (c) the redemption date;

          (d) the appropriate method for calculation of the redemption price, but need not include the
redemption price itself; the actual redemption price shall be set forth in an Officers’ Certificate
delivered to the Trustee no later than two Business Days prior to the redemption date unless clause
(2) of the definition of

32

 

“Comparable Treasury Price” is applicable, in which case such Officers’ Certificate should be
delivered on the redemption date;

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

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

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

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

          (i) the applicable section of this Indenture pursuant to which the Notes called for redemption
are being redeemed; and

          (j) that no representation is made as to the correctness of the CUSIP and/or ISIN numbers, if
any, listed in such notice or printed on the Notes.

          At the Company’s request, the Trustee shall give the notice of redemption in the Company’s
name and at its expense; provided, however, that the Company shall have delivered to the Trustee,
at least 45 days (or such shorter period allowed by the Trustee), prior to the redemption date, an
Officers’ Certificate requesting that the Trustee give such notice (in the name and at the expense
of the Company) and setting forth the information to be stated in such notice as provided in this
Section 3.03.

Section 3.04. Effect of Notice of Redemption.

          Once notice of redemption is mailed in accordance with Section 3.03 or 3.08 hereof, Notes
called for redemption shall become irrevocably due and payable on the redemption date at the
redemption price, subject in the case of any redemption pursuant to Section 3.03 to any conditions
applicable to such redemption set forth in the notice. The notice, if mailed in a manner herein
provided, shall be conclusively presumed to have been given, whether or not the Holder receives
such notice. Unless the Company defaults in the payment of the redemption price, on and after the
redemption date, interest ceases to accrue on Notes or portions of Notes called for redemption.

Section 3.05. Deposit of Redemption Price.

          On or prior to 11:00 a.m. Eastern time on the Business Day prior to any redemption date, the
Company shall deposit with the Trustee or with the Paying Agent money sufficient to pay the
redemption price of and, if applicable, accrued and unpaid interest on all Notes to be redeemed on
that date. The Trustee or the Paying Agent shall promptly, and in any event within two Business
Days after the redemption date, return to the Company any money deposited with the Trustee or the
Paying Agent by the Company in excess of the amounts necessary to pay the redemption price of, and
accrued and unpaid interest, if any, on, all Notes to be redeemed.

          If the Company complies with the provisions of the preceding paragraph, on and after the
redemption date, interest shall cease to accrue on the Notes or the portions of Notes called for
redemption in accordance with Section 3.03 hereof, whether or note such Notes are presented for
payment. If a Note is redeemed on or after a Regular Record Date but on or prior to the related
Interest Payment Date, then any accrued and unpaid interest, if any, shall be paid to the Person in
whose name such Note was registered at the close of business on such Regular Record Date. If any
Note called for redemption shall not be so paid upon surrender for redemption because of the
failure of the Company to comply with the preceding paragraph, interest shall be paid on the unpaid
principal from the redemption date until such principal is paid, and to the extent lawful on any
interest not paid on such unpaid principal, in each case at the rate provided in the Notes and in
Section 4.01 hereof.

33

 

Section 3.06. Notes Redeemed in Part.

          Upon surrender of a Note that is redeemed in part, the Company shall issue and, upon receipt
of an authentication order in accordance with Section 2.02 hereof, the Trustee shall authenticate
for the Holder at the expense of the Company a new Note equal in principal amount to the unredeemed
portion of the Note surrendered.

Section 3.07. Optional Redemption.

          (a) At any time and from time to time, the Notes of each Initial Series shall be redeemable,
as a whole or in part, at the Company’s option, at a redemption price equal to the greater of (i)
100% of principal amount of the Notes to be redeemed, or (ii) the sum of the present values of the
Remaining Scheduled Payments of the Notes to be redeemed discounted to the date of redemption on a
semiannual basis, (assuming a 360-day year consisting of twelve 30-day months), at the Treasury
Rate plus 45 basis points, in the case of the 2013 Notes, 45 basis points in the case of the 2018
Notes, or 45 basis points, in the case of the 2038 Notes, in each case plus accrued and unpaid
interest thereon to, but not including, the redemption date.

          (b) The Notes of any Additional Series shall be subject to the optional redemption provisions,
if any, set forth in the supplemental indenture related thereto.

Section 3.08. Special Mandatory Redemption.

          (a) If (i) the Escrow Agent receives on or prior to the Redemption Trigger Date a Redemption
Release Certificate pursuant to Section 5(b)(i) of the Escrow Agreement certifying that Cadbury
Schweppes has publicly announced (the “Abandonment Announcement”) that it has determined to abandon
the Separation Transaction prior to the Redemption Trigger Date or (ii) the Escrow Agent has not
received, on or prior to the Redemption Trigger Date, (A) a Company Release Certificate from the
Company pursuant to Section 5(a) of the Escrow Agreement certifying that the Separation Transaction
has occurred and that certain other documentation closing conditions set forth therein have been
met or (B) a Redemption Release Certificate pursuant to Section 5(b)(i) of the Escrow Agreement,
then, in the case of either clause (i) or (ii), the Company shall be required to redeem the Initial
Notes pursuant to this Section 3.08. On the Business Day following written notice from the Escrow
Agent to the Trustee pursuant to the Escrow Agreement of the events specified in either clause (i)
or (ii) of the foregoing sentence, the Trustee shall, on behalf of the Company, notify each Holder
in accordance with the provisions of paragraph (b) of this Section 3.08 that all of the outstanding
Initial Notes shall be redeemed on the date which is seven days from the earlier of the date of the
Abandonment Announcement and the Redemption Trigger Date (the “Special Redemption Date”). On the
Special Redemption Date, if the Trustee gives the notice as provided in the foregoing sentence, the
Company shall redeem the Initial Notes at a redemption price of 101% of the aggregate principal
amount of the Initial Notes, plus accrued and unpaid interest from the Issue Date to but excluding
the Special Redemption Date (the “Special Redemption Price”).

          (b) The Trustee shall mail, by first class mail, any notice required to be delivered pursuant
to paragraph (a) above to each Holder whose Notes are to be redeemed pursuant to this Section 3.08
at such Holder’s registered address appearing in the Security Register.

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

(i) the Special Redemption Date;

(ii) the Special Redemption Price;

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

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

34

 

(v) that, unless the Company defaults in making such redemption payment, interest on
Notes called for redemption ceases to accrue on and after the Special Redemption
Date;

(vi) that the Notes called for redemption are being redeemed pursuant to this
Section 3.08 of this Indenture; and

(vii) that no representation is made as to the correctness of the CUSIP and/or ISIN
numbers, if any, listed in such notice or printed on the Notes.

Section 3.09. Offer to Purchase.

          (a) Within 30 days following the date upon which any Change of Control Triggering Event
occurred, or at the Company’s option, prior to any Change of Control but after the public
announcement of the pending Change of Control, the Company shall follow the procedures specified
below.

          (b) The Company shall send, by first-class mail, with a copy to the Trustee, to each Holder at
such Holder’s address appearing in the Security Register, a notice of the Change of Control Offer,
which notice shall govern the terms of the Change of Control Offer, stating:

     (i) that a Change of Control Triggering Event has occurred or is pending, the
circumstances and relevant facts regarding the Change of Control Triggering Event or pending
Change of Control Triggering Event and, in the case of a notice that is mailed prior to the
date of consummation of the Change of Control, that the pending Change of Control Offer is
conditioned on the Change of Control being consummated on or prior to the Change of Control
Payment Date (as defined below);

     (ii) the principal amount of Notes required to be purchased pursuant to Section 4.11
(the “Offer Amount”), the purchase price of the Notes as set forth in Section 4.11 (the
“Purchase Price”), and the offering period for which Holders may tender their Notes for
payment, which offering period shall remain open for a period of at least 30 days but no
more than 60 days following its commencement, except to the extent that a longer period is
required by applicable law (the “Offer Period”);

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

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

     (v) that, unless the Company defaults in making such payment, any Note accepted for
payment pursuant to the Change of Control Offer shall cease to accrue interest after the
Change of Control Payment Date;

     (vi) that Holders electing to have a Note purchased pursuant to an Change of Control
Offer may elect to have Notes purchased in minimum denominations or $2,000 and integral
multiples of $1,000 in excess thereof only;

     (vii) that Holders electing to have a Note purchased pursuant to any Change of Control
Offer shall be required to surrender their Notes, with the form entitled “Option of Holder
to Elect Purchase” on the reverse of the Note completed, to the Paying Agent at the address
specified in the Change of Control Offer, or transfer their Notes to the Paying Agent by
book-entry transfer pursuant to the Applicable Procedures of the Paying Agent, prior to the
close of business on the third Business Day prior to the Change of Control Payment Date;

     (viii) that Holders shall be entitled to withdraw their election if the Company, the
Depositary or the Paying Agent, as the case may be, receives, not later than the expiration
of the Offer Period, a telegram, facsimile transmission or letter setting forth the name of
the Holder, the principal amount of the Note (or

35

 

portions thereof) the Holder delivered for purchase and a statement that such Holder is
withdrawing his election to have such Note purchased;

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

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

          (c) No later than five Business Days after the termination of the Offer Period (the “Change of
Control Payment Date) the Company shall purchase the Offer Amount, or if less than the Offer Amount
has been tendered, all Notes tendered in response to the Change of Control Offer, but in no event
shall the Change of Control Payment Date be earlier than 30 days or later than 60 days from the
mailing of the Change of Control Offer, other than as required by law. Payment for any Notes so
purchased shall be made in the same manner as interest payments are made. The Company shall
publicly announce the results of the Change of Control Offer on the Change of Control Payment Date.

          (d) On or prior to the Change of Control Payment Date, the Company shall, to the extent
lawful:

     (i) accept for payment, the Offer Amount of Notes or portions of Notes properly
tendered and not withdrawn pursuant to the Change of Control Offer, or if less than the
Offer Amount has been tendered, all Notes tendered;

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

     (iii) deliver or cause to be delivered to the Trustee the Notes properly accepted
together with an Officers’ Certificate stating the aggregate principal amount of Notes or
portions of Notes being purchased by the Company and that such Notes or portions thereof
were accepted for payment by the Company in accordance with the terms of this Section 3.09.

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

          (f) If the Change of Control Payment Date is on or after a Regular Record Date and on or
before the related Interest Payment Date, any accrued and unpaid interest shall be paid to the
Person in whose name a Note is registered at the close of business on such Regular Record Date, and
no additional interest shall be payable to Holders who tender Notes pursuant to the Offer to
Purchase.

          (h) The Company shall comply with the requirements of Rule 14e-1 under the Exchange Act, and
any other securities laws and regulations thereunder to the extent those laws and regulations are
applicable in connection with the repurchase of the Notes as a result of a Change of Control
Triggering Event. To the extent that the provisions of any such securities laws or regulations
conflict with the Change of Control Offer provisions herein, the Company will comply with those
securities laws and regulations and will not be deemed to have breached its obligations under this
Section 3.09 or Section 4.11 or the Notes by virtue of any such conflict.

          (i) Other than as specifically provided in this Section 3.09, any purchase pursuant to this
Section 3.09 shall be made in accordance with the provisions of Section 3.01 through 3.06 hereof.

36

 

ARTICLE 4.

COVENANTS

Section 4.01. Payment of Notes.

          The Company shall pay or cause to be paid the principal of, premium, if any, and interest on,
the Notes on the dates and in the manner provided in this Indenture and the Notes. Principal,
premium, if any, and interest shall be considered paid on the date due if the Paying Agent, if
other than the Company or a Subsidiary thereof, holds as of 11:00 a.m. Eastern Time on the due date
money deposited by the Company in immediately available funds and designated for and sufficient to
pay all principal, premium, if any, and interest then due. Such Paying Agent shall return to the
Company promptly, and in any event, no later than five Business Days following the date of payment,
any money (including accrued interest) that exceeds such amount of principal, premium, if any, and
interest paid on the Notes. The Company shall pay Additional Interest, if any, in the same manner,
on the dates and in the amounts set forth in a Registration Rights Agreement, the Notes and this
Indenture. Interest payable on any Interest Payment Date or the maturity date of any Note shall be
the amount of interest accrued from, and including, the next preceding Interest Payment Date in
respect of which interest has been paid or duly provided for (or from and including the Issue Date,
if no interest has been paid or duly provided for with respect to such Note) to, but excluding,
such Interest Payment Date or maturity date, as the case may be. If any Interest Payment Date or
the maturity date for any Note falls on a day that is not a Business Day, the interest payment and,
if the maturity date, the payment of principal will be made on the next succeeding day that is a
Business Day as if it were made on the date such payment was due, and no interest on such payment
shall accrue for the period from and after the scheduled Interest Payment Date or maturity date to
the next succeeding Business Day.

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

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

Section 4.02. Maintenance of Office or Agency.

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

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

          (c) The Company hereby designates the Corporate Trust Office of the Trustee, as one such
office, drop facility or agency of the Company in accordance with Section 2.03 hereof.

Section 4.03. Reports.

          The Company shall:

37

 

          (a) furnish to the Trustee, within 15 days after the Company files the same with the
Commission, copies of the annual reports and of the information, documents and other reports (or
copies of such portions of any of the foregoing as the Commission may from time to time by rules
and regulations prescribe) which the Company files with the Commission pursuant to Section 13 or
Section 15(d) of the Exchange Act;

          (b) comply with the other provisions of TIA § 314(a); and

          (c) furnish (or cause the Trustee to furnish) to Holders of Notes, and prospective investors
upon their request, any information required to be delivered pursuant to Rule 144A(d)(4) under the
Securities Act so long as any Notes are not freely transferable under the Securities Act.

Section 4.04. Compliance Certificate.

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

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

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

Section 4.05. Taxes.

          The Company shall pay, and shall cause each of its Subsidiaries to pay, prior to delinquency,
all material taxes, assessments and governmental levies, except such as are being contested in good
faith and by appropriate proceedings or where the failure to effect such payment is not adverse in
any material respect to the Holders.

Section 4.06. Stay, Extension and Usury Laws.

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

38

 

Section 4.07. Corporate Existence.

          Subject to Article 5 hereof, the Company shall do or cause to be done all things necessary to
preserve and keep in full force and effect its corporate existence in accordance the organizational
documents (as the same may be amended from time to time) of the Company.

Section 4.08. Payments for Consent.

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

Section 4.09. Limitation on Secured Indebtedness.

          The Company shall not, and shall not permit any of its Subsidiaries to, incur, issue, assume
or guarantee any Indebtedness secured by a Lien on any Principal Property or on any Capital Stock
or Indebtedness of any Subsidiary of the Company owning any Principal Property, whether now owned
or hereafter acquired by the Company or any Subsidiary of the Company, without effectively
providing that the outstanding Notes and the Subsidiary Guarantees (together with, if the Company
shall so determine, any other Indebtedness of the Company or such Subsidiary then existing or
thereafter created which is not subordinate to the Notes or the Subsidiary Guarantees) shall be
secured equally and ratably with (or prior to) such secured Indebtedness so long as such secured
Indebtedness shall be so secured. The foregoing restrictions do not apply to:

          (a) Permitted Encumbrances;

          (b) Liens on any asset or property existing at the date of this Indenture, provided that

     (i) such Liens shall not apply to any other property or asset of the Company or
any Subsidiary of the Company (other than the proceeds or products of the property
or asset originally subject to such Liens), and

     (ii) such Liens shall secure only those obligations which it secures on the
date of this Indenture and extensions, renewals and replacements thereof that do not
increase the outstanding principal amount thereof;

          (c) Liens on any asset or property of any corporation or other Person existing at the time
such corporation or other Person becomes a Subsidiary of the Company or is merged with or into or
consolidated with the Company or any Subsidiary of the Company, provided that

     (i) such Liens were in existence prior to such corporation or other Person
becoming a Subsidiary of the Company or such merger or consolidation and shall not
apply to any other property or asset of the Company or any Subsidiary of the Company
(other than the proceeds or products of the property or asset originally subject to
such Liens), and

     (ii) such Liens shall secure only those obligations which it secures on the
date that such corporation or other Person becomes a Subsidiary of the Company or
the date of such merger or consolidation, and extensions, renewals and replacements
thereof that do not increase the outstanding principal amount thereof;

          (d) Liens securing Indebtedness of:

     (i) a Subsidiary of the Company to the Company or a Subsidiary Guarantor,

39

 

     (ii) the Company to a Subsidiary Guarantor, or

     (iii) a Subsidiary Guarantor to the Company or another Subsidiary Guarantor;

          (e) Liens on any property or asset to secure the payment of all or any part of the purchase
price of such property or asset upon the acquisition of such property or asset by the Company or a
Subsidiary of the Company or to secure any Indebtedness incurred prior to, at the time of, or
within 270 days after, the later of the date of acquisition of such property or asset and the date
such property or assets is placed in service, for the purpose of financing all or any part of the
purchase price thereof, or Liens to secure any Indebtedness incurred for the purpose of financing
the cost to the Company or a Subsidiary of the Company of construction, alteration or improvement
to such acquired property or asset;

          (f) Liens securing industrial revenue bonds, pollution control bonds or other similar
tax-exempt bonds;

          (g) any other Liens incidental to construction or maintenance of real property of the
Company or any Subsidiary of the Company which were not incurred in connection with borrowing money
or obtaining advances or credits or the acquisition of property or assets and in the aggregate do
not materially impair the use of any property or assets or which are being contested in good faith
by the Company or such Subsidiary; or

          (h) any extension, renewal or replacement (including successive extensions, renewals or
replacements), as a whole or in part, of any of the Liens enumerated in clauses (a) through (g)
above; provided, however, that

     (i) such extension, renewal or replacement Liens are limited to all or part of
the same property or asset that secured the Liens extended, renewed, or replaced
(plus improvements on such property or asset) and

     (ii) the principal amount of Indebtedness secured by such Liens at such time is
not increased.

          Notwithstanding the restrictions set forth in the preceding paragraph, the Company and its
Subsidiaries will be permitted to incur, issue, assume or guarantee Indebtedness secured by a Lien
on any Principal Property or on any Capital Stock or Indebtedness of any Subsidiary of the Company
owning any Principal Property which would otherwise be subject to the foregoing restrictions
without equally and ratably securing the Notes and the Subsidiary Guarantees, if as of the time of
such incurrence, issuance, assumption or guarantee, after giving effect thereto, the aggregate
principal amount of all Indebtedness secured by Liens on any Principal Property or on any Capital
Stock or Indebtedness of any Subsidiary of the Company owning any Principal Property (not including
Indebtedness secured by Liens permitted under clauses (a) through (h) above), together (without
duplication) with the aggregate amount of Attributable Debt outstanding in respect of sale and
leaseback transactions entered into pursuant to the final paragraph of the Section 4.10, does not
at the time exceed 15% of Consolidated Net Tangible Assets of the Company calculated as of the time
of such incurrence, issuance, assumption or guarantee of secured Indebtedness.

Section 4.10. Limitation on Sale and Leaseback Transactions.

          The Company shall not directly or indirectly, and shall not permit any of its Subsidiaries
directly or indirectly to, engage in the sale or transfer of any Principal Property to a Person and
the taking back by the Company or any of its Subsidiaries, as the case may be, of a lease of such
Principal Property, whether now owned or hereafter acquired, unless:

          (a) such transaction was entered into prior to date of this Indenture;

          (b) such transaction was for the sale and leasing back to the Company by any one of its
Subsidiaries;

40

 

          (c) such transaction involves a lease for not more than three years;

          (d) such transaction occurs within six months from the date of acquisition of the subject
Principal Property or the date of the completion of construction or commencement of full operations
of such Principal Property, whichever is later;

          (e) the Company or such Subsidiary would be entitled to incur Indebtedness secured by a Lien
with respect to such sale and lease-back transaction without equally and ratably securing the notes
pursuant to the provisions described in clauses (a) through (h) of Section 4.09; or

          (f) the Company or such Subsidiary applies an amount equal to the net proceeds from the sale
of such Principal Property to the purchase of other property or assets used or useful in its
business or to the retirement of Funded Debt within 270 days before or after the effective date of
any such sale and leaseback transaction; provided that, in lieu of applying such amount to the
retirement of Funded Debt, the Company or such Subsidiary may deliver Notes to the trustee for
cancellation, such Notes to be credited to the amount of net proceeds from the sale of such
property or assets at the cost of acquisition of such Notes to the Company or such Subsidiary.

          Notwithstanding the restrictions set forth in the preceding paragraph, the Company and its
Subsidiaries may enter into any sale and leaseback transaction which would otherwise be prohibited
by the foregoing restrictions, if as of the time of entering into such sale and leaseback
transaction, after giving effect thereto, the aggregate amount of all Attributable Debt with
respect to sale and leaseback transactions (not including Attributable Debt with respect to sale
and leaseback transactions permitted under clauses (a) through (e) above), together (without
duplication) with the aggregate principal amount of all Indebtedness secured by Liens on any
Principal Property or on any Capital Stock or Indebtedness of any Subsidiary of the Company owning
any Principal Property outstanding pursuant to the final paragraph of Section 4.09, does not at the
time exceed 15% of Consolidated Net Tangible Assets of the Company calculated as of the time of
entry into of such sale and leaseback transaction.

Section 4.11. Repurchase at the Option of Holders Upon a Change of Control.

          (a) Upon the occurrence of a Change of Control Triggering Event, unless the Company has
exercised its right to redeem the Notes under Section 3.07, the Company shall be required to make
an offer (the “Change of Control Offer”) to each Holder of Notes to repurchase all or a portion
(equal to $2,000 or an integral multiple or $1,000 in excess thereof) of such Holder’s Notes on the
terms set forth in this Section 4.11 and pursuant to the provisions of Section 3.09. In the Change
of Control Offer, the Company shall offer payment in cash equal to 101% of the aggregate principal
amount of Notes repurchased plus accrued and unpaid interest, if any, to but not including the date
of purchase, subject to the rights of Holders of Notes on the relevant record date to receive
interest due on the relevant Interest Payment Date.

          (b) The Company shall not be required to make a Change of Control Offer if a third party makes
such an offer in the manner, at the times and otherwise in compliance with the requirements for
such an offer made by the Company and such third party purchases all Notes properly tendered and
not withdrawn under its offer. Notwithstanding anything to the contrary herein, a Change of
Control Offer may be made in advance of a Change of Control Triggering Event conditional upon such
Change of Control.

Section 4.12. Future Subsidiary Guarantors.

          The Company shall cause any Subsidiary of the Company that Guarantees, directly or indirectly,
any Indebtedness of the Company (including any Indebtedness under any Credit Agreement) to at the
same time, execute and deliver to the Trustee a supplement to this Indenture pursuant to which such
Subsidiary will Guarantee payment of the Notes on the same terms and conditions as those set forth
in this Indenture. Thereafter, such Subsidiary shall be a Subsidiary Guarantor for all purposes of
this Indenture until such Subsidiary Guarantee is released in accordance with the provisions of
this Indenture.

41

 

ARTICLE 5.

SUCCESSORS

Section 5.01. Consolidation, Merger or Sale of Assets

          The Company shall not consolidate or combine with or merge with or into or, directly or
indirectly, sell, assign, convey, lease, transfer or otherwise dispose of all or substantially all
of its assets to any Person or Persons in a single transaction or through a series of transactions,
unless:

          (a) the Company shall be the successor or continuing Person or, if the Company is not the
successor or continuing Person, the resulting, surviving or transferee Person (the “surviving
entity”) is a company organized and existing under the laws of the United States, any State thereof
or the District of Columbia that expressly assumes all of the Company’s obligations under the Notes
and this Indenture pursuant to a supplement hereto executed and delivered to the Trustee;

          (b) immediately after giving effect to such transaction or series of transactions, no Event of
Default has occurred and is continuing; and

          (c) the Company or the surviving entity shall have delivered to the Trustee an Officers’
Certificate and Opinion of Counsel stating that the transaction or series of transactions and any
supplement hereto complies with the terms of this Indenture.

          If any consolidation or merger or any sale, assignment, conveyance, lease, transfer or other
disposition of all or substantially all of the Company’s assets occurs in accordance with the terms
hereof, the surviving entity shall succeed to, and be substituted for, and may exercise every right
and power of the Company under this Indenture with the same effect as if such surviving entity had
been named as the Company. The Company shall (except in the case of a lease) be discharged from all
obligations and covenants under this Indenture and any Notes issued hereunder. Notwithstanding the
foregoing, the Company may merge or consolidate into or with any Subsidiary Guarantor.

ARTICLE 6.

DEFAULTS AND REMEDIES

Section 6.01. Events of Default.

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

          (a) default in paying interest on the Notes when it becomes due and the default continues for
a period of 30 days or more;

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

          (c) default in the performance, or breach, of any covenant in this Indenture (other than
defaults specified in clause (a) or (b) above) and the default or breach continues for a period of
90 days or more after the Company receives written notice from the Trustee or the Trustee receives
notice from the Holders of at least 25% in aggregate principal amount of the outstanding Notes
(including any Additional Notes) of such Series;

          (d) a default on any Indebtedness of the Company or a Subsidiary Guarantor which default
results in the acceleration of such Indebtedness in an amount in excess of $100 million without
such Indebtedness having been discharged or the acceleration having been cured, waived, rescinded
or annulled for a period of 30 days after written notice thereof to the Company by the Trustee or
to the Company and the Trustee by the Holders of not less than 25% in principal amount of the
outstanding Notes (including any Additional Notes) of such Series;

42

 

          (e) the Company or any Significant Subsidiary of the Company, or any group of Subsidiaries of
the Company constituting a Significant Subsidiary of the Company, pursuant to or within the meaning
of any Bankruptcy Law:

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

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

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

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

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

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

     (i) is for relief against the Company or any Significant Subsidiary of the
Company, or any group of Subsidiaries of the Company constituting a Significant
Subsidiary of the Company, in an involuntary case;

     (ii) appoints a receiver, interim receiver, receiver and manager, liquidator,
trustee or custodian of the Company or any Significant Subsidiary of the Company, or
any group of Subsidiaries of the Company constituting a Significant Subsidiary of
the Company, or for all or substantially all of the property of the Company, any
Significant Subsidiary of the Company or any group of Subsidiaries of the Company
constituting a Significant Subsidiary of the Company; or

     (iii) orders the liquidation of the Company, any Significant Subsidiary of the
Company or any group of Subsidiaries of the Company constituting a Significant
Subsidiary of the Company; and

          (g) the Subsidiary Guarantee of a Significant Subsidiary of the Company ceases to be, or the
Subsidiary Guarantees of any group of Subsidiaries of the Company constituting a Significant
Subsidiary of the Company cease to be, in full force and effect (other than in accordance with the
terms of this Indenture) or any Subsidiary Guarantor that is a Significant Subsidiary of the
Company denies or disaffirms its obligations under its Subsidiary Guarantee, or any group of
Subsidiaries of the Company that are Subsidiary Guarantors constituting a Significant Subsidiary of
the Company deny or disaffirm their obligations under their Subsidiary Guarantees.

Section 6.02. Acceleration.

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

43

 

          In the case of an Event of Default with respect to any Series of Notes specified in Section
6.01(e) or (f) with respect to the Company, any Significant Subsidiary of the Company or any group
of Subsidiaries of the Company constituting a Significant Subsidiary of the Company, all
outstanding Notes of such Series shall become due and payable immediately without any further
declaration or other act on the part of the Trustee or any Holder. Holders may not enforce this
Indenture or the Notes except as provided in this Indenture.

Section 6.03. Other Remedies.

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

          The Trustee may maintain a proceeding even if it does not possess any of the Notes or does not
produce any of them in the proceeding.  A delay or omission by the Trustee or any Holder in
exercising any right or remedy accruing upon an Event of Default shall not impair the right or
remedy or constitute a waiver of or acquiescence in the Event of Default. All remedies shall be
cumulative to the extent permitted by law.

Section 6.04. Waiver of Defaults.

          After a declaration of acceleration described above or any automatic acceleration under
Section 6.01(e) or (f) with respect to the Notes of any Series, the Holders of a majority in
principal amount of outstanding Notes of such Series may rescind this accelerated payment
requirement if all existing Events of Default, except for nonpayment of the principal and interest
on the Notes of that Series that has become due solely as a result of the accelerated payment
requirement, have been cured or waived and if the rescission of acceleration would not conflict
with any judgment or decree.

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

Section 6.05. Control by Majority.

          Subject to Section 7.01, Section 7.02(f) (including the Trustee’s receipt of the security or
indemnification described therein) and Section 7.07 hereof, if an Event of Default with respect to
the Notes of any Series shall occur and be continuing, the Holders of a majority in aggregate
principal amount of the Notes of such Series then outstanding shall have the right to direct the
time, method and place of conducting any proceeding for any remedy available to the Trustee or
exercising any trust or power conferred on the Trustee with respect to the Notes of such Series.
The Trustee, however, may refuse to follow any direction that conflicts with law or this Indenture
or that the Trustee determines may be unduly prejudicial to the rights of other Holders of Notes of
such Series or that would involve the Trustee in personal liability.

Section 6.06. Limitation on Suits.

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

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

44

 

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

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

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

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

Section 6.07. Rights of Holders to Receive Payment.

          Notwithstanding any other provision of this Indenture (including Section 6.06), the right of
any Holder to receive payment of principal, premium, if any, and interest on the Notes held by such
Holder, on or after the respective due dates expressed in the Notes (including in connection with
an offer to purchase), or to bring suit for the enforcement of any such payment on or after such
respective dates, shall not be impaired or affected without the consent of such Holder.

Section 6.08. Collection Suit by Trustee.

          If an Event of Default specified in Section 6.01(a) or (b) occurs and is continuing, the
Trustee is authorized to recover judgment in its own name and as trustee of an express trust
against the Company for the whole amount of principal of, premium, if any, and interest then due
and owing (together with interest on overdue principal and, to the extent lawful, interest) and
such further amount as shall be sufficient to cover the costs and expenses of collection, including
the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and
counsel.

          Section 6.09. Trustee May File Proofs of Claim.

          The Trustee shall be authorized to file such proofs of claim and other papers or documents as
may be necessary or advisable in order to have the claims of the Trustee (including any claim for
the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and
counsel) and the Holders allowed in any judicial proceedings relative to the Company (or any other
obligor upon the Notes), its creditors or its property and shall be entitled and empowered to
collect, receive and distribute any money or other property payable or deliverable on any such
claims and any custodian in any such judicial proceeding is hereby authorized by each Holder to
make such payments to the Trustee, and in the event that the Trustee shall consent to the making of
such payments directly to the Holders, to pay to the Trustee any amount due to it for the
reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and
counsel, and any other amounts due the Trustee under Section 7.07 hereof. To the extent that the
payment of any such compensation, expenses, disbursements and advances of the Trustee and its
agents and counsel, and any other amounts due the Trustee under Section 7.07 hereof out of the
estate in any such proceeding, shall be denied for any reason, payment of the same shall be secured
by a Lien on, and shall be paid out of, any and all distributions, moneys, securities and any other
properties that the Holders may be entitled to receive in such proceeding whether in liquidation or
under any plan of reorganization or arrangement or otherwise. Nothing herein contained shall be
deemed to authorize the Trustee to authorize or consent to or accept or adopt on behalf of any
Holder any plan of reorganization, arrangement, adjustment or composition affecting the Notes or
the rights of any Holder, or to authorize the Trustee to vote in respect of the claim of any Holder
in any such proceeding.

45

 

Section 6.10. Priorities.

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

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

          Second: to Holders for amounts due and unpaid on the Notes for principal, premium, if any,
and interest ratably, without preference or priority of any kind, according to the amounts due and
payable on the Notes for principal, premium, if any, and interest, respectively; and

          Third: to the Company or to such party as a court of competent jurisdiction shall direct,
including any Subsidiary Guarantor.

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

Section 6.11. Undertaking for Costs.

          In any suit for the enforcement of any right or remedy under this Indenture or in any suit
against the Trustee for any action taken or omitted by it as a Trustee, a court in its discretion
may require the filing by any party litigant in such suit of an undertaking to pay the costs of
such suit, and the court in its discretion may assess reasonable costs, including reasonable
attorneys’ fees, against any party litigant in such suit, having due regard to the merits and good
faith of the claims or defenses made by the party litigant.  This Section 6.11 shall not apply to a
suit by the Trustee, a suit by the Company, a suit by a Holder pursuant to Section 6.07 hereof, or
a suit by Holders of more than 10% in principal amount of the then outstanding Notes.

ARTICLE 7.

TRUSTEE

Section 7.01. Duties of Trustee.

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

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

     (1) the duties of the Trustee shall be determined solely by the express
provisions of this Indenture and the Trustee need perform only those duties
that are specifically set forth in this Indenture and no others, and no
implied covenants or obligations shall be read into this Indenture against
the Trustee; and

     (2) in the absence of bad faith on its part, the Trustee may
conclusively rely, as to the truth of the statements and the correctness of
the opinions expressed therein, upon certificates or opinions furnished to
the Trustee and conforming to the requirements of this Indenture.  However,
the Trustee shall examine the certificates and opinions to determine whether
or not they conform to the requirements of this Indenture (but need not
confirm or investigate the accuracy of mathematical calculations or other
facts stated therein).

46

 

          (c) The Trustee may not be relieved from liabilities for its own negligent action, its own
negligent failure to act, or its own willful misconduct, except that:

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

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

     (3) the Trustee shall not be liable with respect to any action it takes
or omits to take in good faith in accordance with a direction received by it
pursuant to Section 6.05 hereof.

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

          (e) No provision of this Indenture shall require the Trustee to expend or risk its own funds
or incur any liability. The Trustee shall be under no obligation to exercise any of its rights and
powers under this Indenture at the request of any Holders, unless such Holder shall have offered to
the Trustee security and indemnity satisfactory to it against any loss, liability or expense.

          (f) The Trustee shall not be liable for interest on any money received by it except as the
Trustee may agree in writing with the Company. Money held in trust by the Trustee need not be
segregated from other funds except to the extent required by law.

Section 7.02. Rights of Trustee.

          Subject to TIA § 315:

          (a) The Trustee may conclusively rely upon any document believed by it to be genuine and to
have been signed or presented by the proper Person.  The Trustee need not investigate any fact or
matter stated in any such document.

          (b) Before the Trustee acts or refrains from acting, it may require an Officers’ Certificate
or an Opinion of Counsel or both. The Trustee shall not be liable for any action it takes or omits
to take in good faith in reliance on such Officers’ Certificate or Opinion of Counsel.  The Trustee
may consult with counsel and the written advice of such counsel or any Opinion of Counsel shall be
full and complete authorization and protection from liability in respect of any action taken,
suffered or omitted by it hereunder in good faith and in reliance thereon.

          (c) The Trustee shall not be liable for any action it takes or omits to take in good faith
that it believes to be authorized or within the rights or powers conferred upon it by this
Indenture.

          (d) Unless otherwise specifically provided in this Indenture, any demand, request, direction
or notice from the Company shall be sufficient if signed by an Officer of the Company.

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

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

47

 

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

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

Section 7.03. Individual Rights of Trustee.

          The Trustee in its individual or any other capacity may become the owner or pledgee of Notes
and may otherwise deal with the Company or any Affiliate of the Company with the same rights it
would have if it were not Trustee. However, in the event that the Trustee acquires any conflicting
interest it must eliminate such conflict within 90 days, apply to the Commission for permission to
continue as Trustee or resign. Any Agent may do the same with like rights and duties. The Trustee
shall also be subject to Sections 7.10 and 7.11 hereof.

Section 7.04. Trustee’s Disclaimer.

          The Trustee shall not be responsible for and makes no representation as to the validity or
adequacy of this Indenture or the Notes, it shall not be accountable for the Company’s use of the
proceeds from the Notes or any money paid to the Company or upon the Company’s direction under any
provision of this Indenture, it shall not be responsible for the use or application of any money
received by any Paying Agent other than the Trustee, and it shall not be responsible for any
statement or recital herein or any statement in the Notes or any other document in connection with
the sale of the Notes or pursuant to this Indenture other than its certificate of authentication.

Section 7.05. Notice of Defaults.

          If a Default or Event of Default occurs and is continuing and if it is known to the Trustee,
the Trustee shall mail to Holders a notice of the Default or Event of Default within 60 days after
it occurs, unless the Default was already cured or waived. Except in the case of a Default or
Event of Default in payment of principal of, premium, if any, or interest on any Note, the Trustee
can withhold giving notice to the Holders if a committee of its Responsible Officers in good faith
determines that withholding of notice is in the interests of the Holders.

Section 7.06. Reports by Trustee to Holders.

          Within 60 days after each May 15 beginning with the May 15 following the date of this
Indenture, and for so long as Notes remain outstanding, the Trustee shall mail to the Holders a
brief report dated as of such reporting date that complies with TIA § 313(a) (but if no event
described in TIA § 313(a) has occurred within the twelve months preceding the reporting date, no
report need be transmitted).  The Trustee also shall comply with TIA § 313(b)(2). The Trustee
shall also transmit by mail all reports as required by TIA § 313(c).

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

Section 7.07. Compensation and Indemnity.

          The Company shall pay to the Trustee from time to time reasonable compensation for its
acceptance of this Indenture and services hereunder as the Company and Trustee shall agree in
writing from time to time.  The Trustee’s compensation shall not be limited by any law on
compensation of a trustee of an express trust. The Company shall reimburse the Trustee promptly
upon request for all reasonable disbursements, advances and expenses incurred or made by it in
addition to the compensation for its services. Such expenses shall include the reasonable
compensation, disbursements and expenses of the Trustee’s agents and counsel.

48

 

          The Company shall indemnify the Trustee (in its capacity as Trustee) or any predecessor
Trustee (in its capacity as Trustee) against any and all losses, claims, damages, penalties, fines,
liabilities or expenses, including incidental and out-of-pocket expenses and reasonable attorneys
fees (for purposes of this Article, “losses”) incurred by it arising out of or in connection with
the acceptance or administration of its duties under this Indenture, including the costs and
expenses of enforcing this Indenture against the Company (including this Section 7.07) and
defending itself against any claim (whether asserted by the Company or any Holder or any other
Person) or liability in connection with the exercise or performance of any of its powers or duties
hereunder, except to the extent such losses may be attributable to its negligence or bad faith.
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
under this Section 7.07, to the extent the Company has been prejudiced thereby. The Company shall
defend the claim, and the Trustee shall cooperate in the defense. The Trustee may have separate
counsel if the Trustee has been reasonably advised by counsel that there may be one or more legal
defenses available to it that are different from or additional to those available to the Company
and in the reasonable judgment of such counsel it is advisable for the Trustee to engage separate
counsel, and the Company shall pay the reasonable fees and expenses of such counsel.  The Company
need not pay for any settlement made without its consent, which consent shall not be unreasonably
withheld. The Company need not reimburse any expense or indemnify against any loss incurred by the
Trustee through the Trustee’s own willful misconduct, gross negligence or bad faith.

          The obligations of the Company under this Section 7.07 shall survive the satisfaction and
discharge of this Indenture, the resignation or removal of the Trustee and payment in full of the
Notes through the expiration of the applicable statute of limitations.

          To secure the Company’s payment obligations in this Section, the Trustee shall have a Lien
prior to the Notes on all money or property held or collected by the Trustee, except that held in
trust to pay principal, premium, if any, and interest on particular Notes. Such Lien shall survive
the satisfaction and discharge of this Indenture.

          When the Trustee incurs expenses or renders services after an Event of Default specified in
Section 6.01(e) and (f) hereof occurs, the expenses and the compensation for the services
(including the fees and expenses of its agents and counsel) are intended to constitute expenses of
administration under any Bankruptcy Law.

Section 7.08. Replacement of Trustee.

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

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

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

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

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

          (d) the Trustee becomes incapable of acting.

          If the Trustee resigns or is removed or if a vacancy exists in the office of Trustee for any
reason (the Trustee in such event being referred to herein as the retiring Trustee), the Company
shall promptly appoint a successor Trustee. Within one year after the successor Trustee takes
office, the Holders of a majority in principal amount of the then outstanding Notes may appoint a
successor Trustee to replace the successor Trustee appointed by the Company.

49

 

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

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

          A successor Trustee shall deliver a written acceptance of its appointment to the retiring
Trustee and to the Company.  Thereupon, the resignation or removal of the retiring Trustee shall
become effective, and the successor Trustee shall have all the rights, powers and duties of the
Trustee under this Indenture. The successor Trustee shall mail a notice of its succession to
Holders of the Notes.  Subject to the Lien provided for in Section 7.07 hereof, the retiring
Trustee shall promptly transfer all property held by it as Trustee to the successor Trustee;
provided, however, that all sums owing to the Trustee hereunder shall have been paid.
Notwithstanding replacement of the Trustee pursuant to this Section 7.08, the Company’s obligations
under Section 7.07 hereof shall continue for the benefit of the retiring Trustee.

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

Section 7.09. Successor Trustee by Merger, etc.

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

Section 7.10. Eligibility; Disqualification.

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

          This Indenture shall always have a Trustee who satisfies the requirements of TIA § 310(a)(1),
(2) and (5). The Trustee is subject to TIA § 310(b).

Section 7.11. Preferential Collection of Claims Against Company.

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

50

 

ARTICLE 8.

LEGAL DEFEASANCE AND COVENANT DEFEASANCE

Section 8.01. Option to Effect Legal Defeasance or Covenant Defeasance.

          The Company may, at its option and at any time, elect to have either Section 8.02 or 8.03
hereof be applied to all outstanding Notes of any Series upon compliance with the conditions set
forth in this Article 8.

Section 8.02. Legal Defeasance and Discharge.

          Upon the Company’s exercise under Section 8.01 of the option applicable to this Section 8.02
with respect to the Notes of any Series, the Company shall, subject to the satisfaction of the
conditions set forth in Section 8.04, be deemed to have been discharged from its obligations with
respect to all outstanding Notes of such Series on the date the conditions set forth below are
satisfied with respect to such Series (hereinafter, “Legal Defeasance”) and each Subsidiary
Guarantor shall be released from all of its obligations under its Subsidiary Guarantee with respect
to the Notes of such Series. For this purpose, Legal Defeasance means that the Company and the
Subsidiary Guarantors shall be deemed to have paid and discharged the entire Indebtedness
represented by the outstanding Notes of the applicable Series, which shall thereafter be deemed to
be “outstanding” only for the purposes of Section 8.05 and the other Sections of this Indenture
referred to in (a) and (b) below, and to have satisfied all its other obligations under the Notes
of such Series and this Indenture (including any Subsidiary Guarantees set forth herein) with
respect to the Notes of such Series (and the Trustee, on demand of and at the expense of the
Company, shall execute proper instruments acknowledging the same), except for the following
provisions which shall survive until otherwise terminated or discharged hereunder: (a) the rights
of Holders of outstanding Notes of such Series to receive solely from the trust fund described in
Section 8.04, and as more fully set forth in such Section, payments in respect of the principal of,
premium, if any, or interest on such Notes when such payments are due, (b) the Company’s
obligations with respect to such Notes of such Series under Article 2 and Section 4.02, (c) the
rights, powers, trusts, duties and immunities of the Trustee hereunder and the Company’s
obligations in connection therewith and (d) this Article 8. If the Company exercises under Section
8.01 the option applicable to this Section 8.02 with respect to the Notes of any Series, subject to
the satisfaction of the conditions set forth in Section 8.04, payment of the Notes of the
applicable Series may not be accelerated because of an Event of Default. Subject to compliance
with this Article 8, the Company may exercise its option under this Section 8.02 notwithstanding
the prior exercise of its option under Section 8.03.

Section 8.03. Covenant Defeasance.

          Upon the Company’s exercise under Section 8.01 of the option applicable to this Section 8.03
with respect to the Notes of any Series, the Company shall, subject to the satisfaction of the
conditions set forth in Section 8.04, be released from its obligations under the covenants
contained in Sections 4.03, 4.04, 4.05, 4.07, 4.09, 4.10, 4.11, 4.12 and 5.01(b) hereof, with
respect to the outstanding Notes of such Series on and after the date the conditions set forth in
Section 8.04 are satisfied (hereinafter, “Covenant Defeasance”) and each Subsidiary Guarantor shall
be released from all of its obligations under its Subsidiary Guarantee with respect to such
covenants in connection with such outstanding Notes of such Series and the Notes of such Series
shall thereafter be deemed not “outstanding” for the purposes of any direction, waiver, consent or
declaration or act of Holders of such Series (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 Notes of such Series shall not be deemed outstanding for accounting
purposes). For this purpose, Covenant Defeasance means that, with respect to the outstanding Notes
of any Series, the Company may omit to comply with and shall have no liability in respect of any
term, condition or limitation set forth in any such covenant, whether directly or indirectly, by
reason of any reference elsewhere herein to any such covenant or by reason of any reference in any
such covenant to any other provision herein or in any other document and such omission to comply
shall not constitute a Default or an Event of Default under Section 6.01 with respect to the Notes
of such Series, but, except as specified above, the remainder of this Indenture and such Notes
shall be unaffected thereby. If the Company exercises under Section 8.01 the option applicable to
this Section 8.03 with respect to the Notes of any such Series, subject to the satisfaction of the
conditions set forth in Section 8.04, payment of the Notes of the applicable Series may not be
accelerated because of an Event of Default

51

 

specified in Section 6.01(c) hereof (other than an Event of Default specified in Section
6.01(c) resulting from a default in the performance, or breach of, Section 5.01 (other than Section
5.01(b)).

Section 8.04. Conditions to Legal or Covenant Defeasance.

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

          The Legal Defeasance or Covenant Defeasance may be exercised with respect to the Notes of any
Series only if:

          (a) the Company irrevocably deposits with the Trustee, in trust (the “defeasance trust”), for
the benefit of the Holders of the Notes of the applicable Series, cash in U.S. dollars,
non-callable U.S. Government Notes, or a combination of cash in U.S. dollars and non-callable U.S.
Government Notes, in an amount sufficient, in the opinion of a nationally recognized firm of
independent public accountants, to pay the principal, premium, if any, and interest on the
outstanding Notes on the Stated Maturity;

          (b) in the case of Legal Defeasance, the Company shall deliver to the Trustee an Opinion of
Counsel 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) subsequent to the Issue
Date, there has been a change in the applicable United States federal income tax law, in either
case to the effect that, and based thereon such Opinion of Counsel shall confirm that, subject to
customary assumptions and exceptions, the Holders of the outstanding Notes of the applicable Series
will not recognize income, gain or loss for United States federal income tax purposes as a result
of such Legal Defeasance and will be subject to United States federal income tax on the same
amounts, in the same manner and at the same times as would have been the case if such Legal
Defeasance had not occurred;

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

          (d) no Event of Default shall have occurred and be continuing on the date of such deposit
(other than a Default or Event of Default resulting from the borrowing of funds to be applied to
such deposit and the granting of Liens in connection therewith);

          (e) such Legal Defeasance or Covenant Defeasance shall not result in a breach or violation of,
or constitute a default under, any material agreement or instrument (other than this Indenture) to
which the Company or any Subsidiary Guarantor is a party or by which the Company or any Subsidiary
Guarantor is bound (other than resulting from the borrowing of funds to be applied to make the
deposit required to effect such Legal Defeasance or Covenant Defeasance and any similar and
simultaneous deposit relating to other Indebtedness and the granting of Liens in connection
therewith);

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

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

52

 

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

          Subject to Section 8.06, all cash and non-callable U.S. Government Notes (including the
proceeds thereof) deposited with the Trustee (or other qualifying trustee, collectively for
purposes of this Section 8.05, the “Trustee”) pursuant to Section 8.04 in respect of the
outstanding Notes of the applicable Series shall be held in trust and applied by the Trustee, in
accordance with the provisions of such Notes and this Indenture, to the payment, either directly or
through any Paying Agent (including the Company acting as Paying Agent) as the Trustee may
determine, to the Holders of all sums due and to become due thereon in respect of principal,
premium, if any, and interest but such cash and securities need not be segregated from other funds
except to the extent required by law.

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

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

Section 8.06. Repayment to Company.

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

          Subject to any applicable law, any cash or non-callable U.S. Government Notes deposited with
the Trustee or any Paying Agent, or then held by the Company, in trust for the payment of the
principal, premium, if any, or interest on any Note and remaining unclaimed for two years after
such principal, premium, if any, or interest has become due and payable shall be paid to the
Company on its request or (if then held by the Company) shall be discharged from such trust; and
the Holder of such Note shall thereafter, as an unsecured creditor, look only to the Company for
payment thereof, and all liability of the Trustee or such Paying Agent with respect to such cash
and securities, and all liability of the Company as trustee thereof, shall thereupon cease.

Section 8.07. Reinstatement.

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

ARTICLE 9.

AMENDMENT, SUPPLEMENT AND WAIVER

53

 

Section 9.01. Without Consent of Holders of Notes.

          Notwithstanding Section 9.02 of this Indenture, this Indenture (including the Subsidiary
Guarantees set forth herein) and the Notes may be modified without the consent of any Holder of
Notes in order to:

          (a) cure any ambiguity, omission, defect or inconsistency, provided that the interests of the
Holders of Notes are not adversely affected in any material respect;

          (b) add Events of Default for the Notes of any Series;

          (c) provide for the issuance of Notes of any Additional Series, or of Additional Notes of any
Series;

          (c) provide for the assumption of the Company’s obligations in the case of a merger or
consolidation and the discharge of the Company upon such assumption provided that Section 5.01 is
complied with;

          (d) add covenants or make any change that would provide any additional rights or benefits to
the Holders of the Notes of any Series;

          (e) add Subsidiary Guarantors or additional Subsidiary Guarantors or additional obligors with
respect to the Notes of any Series;

          (f) release a Subsidiary Guarantor upon the satisfaction of all conditions for release of such
Subsidiary Guarantor as provided under this Indenture;

          (g) secure the Notes of any Series;

          (h) add or appoint a successor or separate Trustee;

          (i) make any other change that does not adversely affect the interests of any Holder of Notes;
or

          (j) obtain or maintain the qualification of this Indenture under the Trust Indenture Act.

Section 9.02. With Consent of Holders of Notes.

          Except as provided below in this Section 9.02, the Company and the Trustee may amend or
supplement this Indenture (including the Subsidiary Guarantees set forth herein) and the Notes with
the consent of the Holders of at least a majority in aggregate principal amount of the Notes,
including Additional Notes, if any, of each Series then outstanding affected by the amendment or
supplement voting as a separate class (including consents obtained in connection with a purchase of
or tender offer or exchange offer for the Notes), and, subject to Sections 6.04 and 6.07, any
existing Default or Event of Default (except a continuing Default or Event of Default in (i) the
payment of principal, premium, if any, or interest on the Notes and (ii) in respect of a covenant
or provision which under this Indenture cannot be modified or amended without the consent of the
Holder of each Note affected by such modification or amendment) or compliance with any provision of
this Indenture or the Notes may be waived with the consent of the Holders of at least a majority in
aggregate principal amount of the Notes, including Additional Notes, if any, of each Series then
outstanding voting as a separate class (including consents obtained in connection with a purchase
of or tender offer or exchange offer for the Notes).

          Without the consent of each Holder, an amendment or waiver under this Section 9.02 may not
(with respect to any Notes held by a non-consenting Holder):

          (a) reduce the principal amount, or extend the fixed maturity, of the Notes, alter or waive
the redemption provisions of the Notes;

54

 

          (b) change the place of payment or currency in which principal, any premium or interest is
paid;

          (c) reduce the percentage in principal amount outstanding of Notes of any Series which must
consent to an amendment, supplement or waiver or consent to take any action;

          (d) impair the right to institute suit for the enforcement of any payment on the Notes;

          (e) waive a payment default with respect to the Notes or any Subsidiary Guarantor;

          (f) reduce the interest rate or extend the time for payment of interest on the Notes; or

          (g) adversely affect the ranking of the Notes of any Series.

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

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

          After an amendment, supplement or waiver under this Section 9.02 becomes effective, the
Company shall mail to the Holder of each Note affected thereby to such Holder’s address appearing
in the Security Register a notice briefly describing the amendment, supplement or waiver. Any
failure of the Company to mail such notice, or any defect therein, shall not, however, in any way
impair or affect the validity of any such amended or supplemental indenture or waiver.

Section 9.03. Compliance with Trust Indenture Act.

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

Section 9.04. Revocation and Effect of Consents.

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

Section 9.05. Notation on or Exchange of Notes.

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

55

 

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

Section 9.06. Trustee to Sign Amendments, etc.

          The Trustee shall sign any amended or supplemental indenture authorized pursuant to this
Article 9 if the amendment or supplement does not adversely affect the rights, duties, liabilities
or immunities of the Trustee.  None of the Company nor any Subsidiary Guarantor may sign an
amendment or supplemental indenture until its board of directors (or committee serving a similar
function) approves it. In executing any amended or supplemental indenture, the Trustee shall be
entitled to receive and (subject to Section 7.01 hereof) shall be fully protected in relying upon
an Officers’ Certificate and an Opinion of Counsel stating that the execution of such amended or
supplemental indenture is authorized or permitted by this Indenture and that such amended or
supplemental indenture is the legal, valid and binding obligations of the Company enforceable
against it in accordance with its terms, subject to customary exceptions and that such amended or
supplemental indenture complies with the provisions hereof (including Section 9.03).

ARTICLE 10.

GUARANTEES

Section 10.01. Subsidiary Guarantee.

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

          Each Subsidiary Guarantor hereby agrees that its obligations with regard to its Subsidiary
Guarantee shall be joint and several, unconditional, irrespective of the validity or enforceability
of the Notes or the obligations of the Company under this Indenture, the absence of any action to
enforce the same, the recovery of any judgment against the Company or any other obligor with
respect to this Indenture, the Notes or the Obligations of the Company under this Indenture or the
Notes, any action to enforce the same or any other circumstances (other than complete performance)
which might otherwise constitute a legal or equitable discharge or defense of a Subsidiary
Guarantor. Each Subsidiary Guarantor hereby waives diligence, presentment, demand of payment,
filing of claims with a court in the event of insolvency or bankruptcy of the Company, any right to
require a proceeding first against the Company, protest, notice and all demands whatsoever and
covenants that this Subsidiary Guarantee shall not be discharged except by complete performance of
the obligations contained in the Notes and in this Indenture.

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

          Each Subsidiary Guarantor agrees that it shall not be entitled to any right of subrogation in
relation to the Holders in respect of any obligations guaranteed hereby until payment in full of
all obligations guaranteed

56

 

hereby. Each Subsidiary Guarantor further agrees that, as between the Subsidiary Guarantors,
on the one hand, and the Holders and the Trustee, on the other hand, (x) the maturity of the
obligations guaranteed hereby may be accelerated as provided in Section 6.02 hereof for the
purposes of this Subsidiary Guarantee, notwithstanding any stay, injunction or other prohibition
preventing such acceleration in respect of the obligations guaranteed hereby and (y) in the event
of any declaration of acceleration of such obligations as provided in Section 6.02 hereof, such
obligations (whether or not due and payable) shall forthwith become due and payable by the
Subsidiary Guarantors for the purpose of this Subsidiary Guarantee. Each Subsidiary Guarantor
that makes a payment under its Subsidiary Guarantee will be entitled upon payment in full of all
guaranteed obligations under this Indenture to contribution from each other Subsidiary Guarantor in
an amount equal to such other Subsidiary Guarantor’s pro rata portion of such payment based on the
respective net assets of all the Subsidiary Guarantors at the time of such payment.

Section 10.02. Limitation on Subsidiary Guarantor Liability.

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

          (b) In making any determination as to the solvency or sufficiency of capital of a Subsidiary
Guarantor in accordance with the proviso of Section 10.2(a), the right of each Subsidiary Guarantor
to contribution from other Guarantors and any other rights such Subsidiary Guarantor may have,
contractual or otherwise, shall be taken into account.

Section 10.03. Execution and Delivery of Supplemental Indentures by Subsidiary Guarantors.

          The Company hereby agrees that it shall cause each Person that becomes obligated to provide a
Subsidiary Guarantee pursuant to Section 4.12 to execute a supplemental indenture in the form of
Exhibit E hereto, or in any other form and substance reasonably satisfactory to the Trustee,
pursuant to which such Person provides the guarantee set forth in this Article 10 and otherwise
assumes the obligations and accepts the rights of a Subsidiary Guarantor under this Indenture, in
each case with the same effect and to the same extent as if such Person had been named herein as a
Subsidiary Guarantor. Each Subsidiary Guarantor hereby agrees that its Subsidiary Guarantee set
forth in Section 10.01 shall remain in full force and effect notwithstanding that it has not
endorsed a notation of its Subsidiary Guarantee on any Note. If an Officer or officer of any
Subsidiary Guarantor whose signature is on this Indenture or any supplemental indenture no longer
holds that office at the time the Trustee authenticates any Note, the Subsidiary Guarantee of each
Subsidiary Guarantor shall be valid nevertheless.

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

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

          (a) Except as otherwise provided in Section 10.05 in connection with any release and discharge
of a Subsidiary Guarantor, no Subsidiary Guarantor may consolidate or combine with or merge with or
into (whether or not such Subsidiary Guarantor is the surviving person) or sell or convey all or
substantially all of its

57

 

assets to another Person whether or not affiliated with such Subsidiary Guarantor, unless the
Person formed by or surviving any such consolidation, combination or merger or the Transferee
Person (in each case if other than a Subsidiary Guarantor or the Company) unconditionally assumes
all the obligations of such Subsidiary Guarantor, pursuant to a supplemental indenture in form and
substance reasonably satisfactory to the Trustee, under this Indenture, the Subsidiary Guarantee
and any Registration Rights Agreements on the terms set forth herein or therein.

          In case of any such consolidation, merger, combination, sale or conveyance and upon the
assumption by the successor Person, by supplemental indenture, executed and delivered to the
Trustee and satisfactory in form to the Trustee, of the Subsidiary Guarantee under this Indenture
and the due and punctual performance of all of the covenants and conditions of this Indenture to be
performed by the Subsidiary Guarantor, such successor Person shall become a Subsidiary Guarantor
(and succeed to and be substituted for the predecessor to the extent of any release and discharge
of such predecessor pursuant to Section 10.05) with the same effect as if it had been named herein
as a Subsidiary Guarantor.

          (b) Notwithstanding clause (a) above, nothing contained in this Indenture or in any of the
Notes shall prevent any consolidation, combination or merger of a Subsidiary Guarantor with or into
the Company or another Subsidiary Guarantor, or shall prevent any sale or conveyance of all or
substantially all of the assets of a Subsidiary Guarantor to the Company or another Subsidiary
Guarantor.

Section 10.05. Releases Following Certain Events

          The Subsidiary Guarantee of a Subsidiary Guarantor shall be automatically and unconditionally
released and discharged, without the consent of the Holders, and no further action by the Company,
any Subsidiary Guarantor or the Trustee shall be required for such release (unless the Company
shall notify the Trustee that no release and discharge shall occur as a result thereof) upon:

        (a) the sale or other disposition (including by way of consolidation or merger) of such
Subsidiary Guarantor to a Person other than the Company or any Subsidiary of the Company as
permitted by this Indenture;

        (b) the concurrent release of such Subsidiary Guarantor from all of its obligations under
its guarantee of any Indebtedness of the Company other than the Notes; or

        (c) the exercise by the Company of its legal defeasance option under Section 8.02 with
respect to the Notes of any Series then outstanding or the discharge of the Company’s
obligations under this Indenture in accordance with the terms of Section 11 with respect to the
Notes of any Series then outstanding, provided that any release and discharge pursuant to this
clause (c) shall only be with respect to the Notes of the Series subject to such legal
defeasance or discharge.

          Any Subsidiary Guarantor not released from its obligations under its Subsidiary Guarantee (or
not released with respect to its Subsidiary Guarantee of the Notes of all Series then outstanding,
as the case may be) shall remain liable for the full amount of principal of and interest on the
Notes (or the Notes of the Series then outstanding not subject to Legal Defeasance or discharge, as
the case may be) and for the other obligations of any Subsidiary Guarantor under this Indenture as
provided in this Article 10.

ARTICLE 11.

SATISFACTION AND DISCHARGE

Section 11.01. Satisfaction and Discharge.

          This Indenture shall be discharged and shall cease to be of further effect with respect to any
Series of Notes, except as to surviving rights of registration of transfer or exchange of such
Notes, as to all Notes issued hereunder, when:

58

 

          (a) either:

     (i) all Notes of such Series that have been previously authenticated and delivered
(except lost, stolen or destroyed Notes that have been replaced or paid and Notes for whose
payment money has previously been deposited in trust or segregated and held in trust by the
Company and is thereafter repaid to the Company or discharged from the trust) have been
delivered to the Trustee for cancellation; or

     (ii) (A) all Notes of such Series that have not been previously delivered to the
Trustee for cancellation, have become due and payable by reason of the giving of notice of
redemption or otherwise, will become due and payable within one year or are to be called for
redemption and redeemed within one year under arrangements satisfactory to the Trustee for
the giving of notice of redemption by the Trustee in the name, and at the expense of the
Company, and the Company or a Subsidiary Guarantor has irrevocably deposited or caused to be
deposited with the Trustee as trust funds in trust solely for the benefit of the Holders,
cash in U.S. dollars, non-callable U.S. Government Notes, or a combination of cash in U.S.
dollars and non-callable U.S. Government Notes, in such amounts as shall be sufficient
without consideration of any reinvestment of interest, to pay and discharge the entire
Indebtedness on the Notes of such Series not previously delivered to the Trustee for
cancellation or redemption for principal, premium, if any, and accrued interest to the
Stated Maturity or redemption date; (B) the Company has paid or caused to be paid all sums
payable by the Company with respect to the Notes of such Series; and (C) the Company has
delivered irrevocable instructions to the Trustee to apply the deposited money toward the
payment of the Notes of such Series at Stated Maturity or on the redemption date, as the
case may be;

     in the case of either clause (i) or (ii):

     (x) no Default or Event of Default with respect to such Series 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 instrument to which the Company is a party or by which the Company is bound; and

     (y) the Company shall have delivered to the Trustee an Officers’ Certificate and
Opinion of Counsel stating that all conditions precedent relating to the satisfaction and
discharge of this Indenture with respect to such Series of Notes have been satisfied.

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

          Subject to Section 8.06, all cash and non-callable U.S. Government Notes (including the
proceeds thereof) deposited with the Trustee (or other qualifying trustee, collectively for
purposes of this Section 11.02, the “Trustee”) pursuant to Section 11.01 hereof in respect of the
outstanding Notes of any Series shall be held in trust and applied by the Trustee, in accordance
with the provisions of such Notes and this Indenture, to the payment, either directly or through
any Paying Agent (including the Company acting as Paying Agent) as the Trustee may determine, to
the Holders of such Notes of all sums due and to become due thereon in respect of principal,
premium, if any, and interest but such cash and securities need not be segregated from other funds
except to the extent required by law.

ARTICLE 12.

MISCELLANEOUS

Section 12.01. Trust Indenture Act Controls.

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

59

 

Section 12.02. Notices.

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

If to the Company and/or any Subsidiary Guarantor:

Dr Pepper Snapple Group, Inc.

5301 Legacy Drive

Plano, Texas 75025

Attn: John Stewart, Executive Vice
     
President and Chief Financial Officer

Facsimile: (972) 673-7879

With a copy to:

Shearman & Sterling LLP

599 Lexington Avenue

New York, New York 10022

Attn: Stephen T. Giove

Telephone: (212) 848-7325

Facsimile: (646) 848-7325

If to the Trustee:

Wells Fargo Bank, N.A.

201 Main Street, Suite 301

Fort Worth, Texas 76102

Attn: John C. Stohlmann

Telephone: (817) 334-7065

Facsimile: (817) 885-8650

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

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

          Any notice or communication to a Holder shall be mailed by first class mail, certified or
registered, return receipt requested, or by overnight air courier guaranteeing next-day delivery to
its address shown on the Security Register.  Any notice or communication shall also be so mailed to
any Person described in TIA § 313(c), to the extent required by the TIA. Failure to mail a notice
or communication to a Holder or any defect in it shall not affect its sufficiency with respect to
other Holders.

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

60

 

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

Section 12.03. Communication by Holders of Notes with Other Holders of Notes.

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

Section 12.04. Certificate and Opinion as to Conditions Precedent.

          Upon any request or application by the Company or any Subsidiary Guarantor to the Trustee to
take any action under any provision of this Indenture, the Company, or such Subsidiary Guarantor,
as the case may be, shall furnish to the Trustee:

          (a) an Officers’ Certificate in form and substance reasonably satisfactory to the Trustee
(which shall include the statements set forth in Section 12.05 hereof) stating that, in the opinion
of the signers, all conditions precedent and covenants, if any, provided for in this Indenture
relating to the proposed action have been complied with; and

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

Section 12.05. Statements Required in Certificate or Opinion.

          Each certificate or opinion with respect to compliance with a condition or covenant provided
for in this Indenture (other than a certificate provided pursuant to TIA § 314(a)(4)) shall comply
with the provisions of TIA § 314(e) and shall include:

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

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

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

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

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

Section 12.06. Rules by Trustee and Agents.

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

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

          No past, present or future director, officer, employee, incorporator or stockholder of the
Company or any Subsidiary Guarantor, as such, shall have any liability for any obligations of the
Company or of the

61

 

Subsidiary Guarantors under the Notes, this Indenture, the Subsidiary Guarantees or for any
claim based on, in respect of, or by reason of, such obligations or their creation. Each Holder of
Notes by accepting a Note waives and releases all such liability. The waiver and release are part
of the consideration for issuance of the Notes. The waiver and release may not be effective to
waive or release liabilities under the federal securities laws.

Section 12.08. Governing Law.

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

Section 12.09. No Adverse Interpretation of Other Agreements.

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

Section 12.10. Successors.

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

Section 12.11. Severability.

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

Section 12.12. Counterpart Originals.

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

Section 12.13. Table of Contents, Headings, etc.

          The Table of Contents, Cross-Reference Table and Headings in this Indenture have been inserted
for convenience of reference only, are not to be considered a part of this Indenture and shall in
no way modify or restrict any of the terms or provisions hereof.

Section 12.14. Qualification of this Indenture.

          The Company shall qualify this Indenture under the TIA in accordance with the terms and
conditions of any Registration Rights Agreement and shall pay all reasonable costs and expenses
(including attorneys’ fees and expenses for the Company, the Trustee and the Holders) incurred in
connection therewith, including, but not limited to, costs and expenses of qualification of this
Indenture and the Notes and printing this Indenture and the Notes. The Trustee shall be 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.

[Signature pages follow]

62

 

SIGNATURES

Dated as of April 30, 2008

	 	 	 	 	 
	 	COMPANY:

DR PEPPER SNAPPLE GROUP, INC.

 	 
	 	By:  	/s/
Jolene Varney 	 
	 	 	Name:  	Jolene Varney	 
	 	 	Title:  	Senior Vice President — Corporate Finance 	 
	 

 

 

	 	 	 	 	 
	 	TRUSTEE:

WELLS FARGO BANK, N.A.

 	 
	 	By:  	/s/
Patrick T. Giordano 	 
	 	 	Name:  	Patrick T. Giordano 	 
	 	 	Title:  	Vice President	 
	 

 

 

(FORM OF FACE OF 6.12% SENIOR NOTE DUE 2013)

[INSERT THE GLOBAL NOTES LEGEND, IF APPLICABLE PURSUANT TO THE PROVISIONS OF THE INDENTURE]

[INSERT THE PRIVATE PLACEMENT LEGEND, IF APPLICABLE PURSUANT TO THE PROVISIONS OF THE INDENTURE]

[INSERT THE REGULATION S TEMPORARY GLOBAL NOTE LEGEND, IF APPLICABLE PURSUANT TO THE PROVISIONS OF THE INDENTURE]

A-1-1

 

EXHIBIT A-1

 

(FORM OF FACE OF 6.12% SENIOR NOTE DUE 2013)

6.12% SENIOR NOTE DUE 2013

			
	 	 	 
	 
	 	CUSIP                     
	No. ___
	 	$                    

DR PEPPER SNAPPLE GROUP, INC.

promises to pay to CEDE & CO., INC. or registered assigns, the principal sum of
Dollars ($                    ) on May 1, 2013.

Interest Payment Dates: May 1 and November 1, commencing [November 1, 2008].

Record Dates:  April 15 and October 15.

Dated: [April 30, 2008].

A-1-2

 

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

	 	 	 	 	 
	 	DR PEPPER SNAPPLE GROUP, INC.

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 

This is one of the Global

Notes referred to in the

within-mentioned Indenture:

WELLS FARGO BANK, N.A.

as Trustee

	 	 	 	 	 
	By:
	 	 	 	 
	 

	 	 

Authorized Signatory
	 	 

Dated [April 30, 2008]

A-1-3

 

[FORM OF REVERSE SIDE OF 6.12% SENIOR NOTE DUE 2013]

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

     1. Interest.  (a) Dr Pepper Snapple Group, Inc., a Delaware corporation (the “Company”),
promises to pay interest on the principal amount of this Note at 6.12% per annum until maturity and
shall pay Additional Interest, if any, as provided in Section 2(e) of the Registration Rights
Agreement.  The Company shall pay interest semi-annually on May 1 and November 1 of each year, or
if any such day is not a Business Day, on the next succeeding Business Day (each an “Interest
Payment Date”). Interest shall accrue from the most recent date to which interest has been paid on
this Note (or one or more Predecessor Notes) or, if no interest has been paid, from [April 30,
2008]1; provided, however, that [if there is no existing Default in the payment of
interest, and if this Note is authenticated between a record date referred to on the face hereof
and the next succeeding Interest Payment Date, interest shall accrue from such next succeeding
Interest Payment Date; provided, further, that]2 the first Interest Payment Date shall
be [November 1, 2008].3 The Company shall pay interest (including post-petition
interest in any proceeding under any Bankruptcy Law) on overdue principal and premium, if any, from
time to time at a rate equal to the interest rate then in effect under the Indenture and this Note;
it shall pay interest (including post-petition interest in any proceeding under any Bankruptcy Law)
on overdue installments of interest and Additional Interest, if any (without regard to any
applicable grace periods), from time to time at the same rate to the extent lawful.  Interest shall
be computed on the basis of a 360-day year of twelve 30-day months.

          (b) The interest rate payable on this Note will be subject to adjustments from time to time if
either of Moody’s or S&P (or, in either case, any Substitute Rating Agency thereof), downgrades (or
subsequently upgrades) the debt rating assigned to this Note, in the manner described below.

          If the rating of this Note from Moody’s or any Substitute Rating Agency thereof is decreased
to a rating set forth in the immediately following table, the interest rate on this Note will
increase from the interest rate payable on this Note on the Issue Date by the percentage set forth
opposite that rating:

	 	 	 	 	 
	Moody’s Rating*	 	Percentage
	Ba1 
	 	 	0.25	%
	Ba2 
	 	 	0.50	%
	Ba3 
	 	 	0.75	%
	B1 or below 
	 	 	1.00	%

 

			
	*	 	Including the equivalent ratings of any Substitute Rating Agency.
	 
	1	 	Issue Date is inserted for Initial Notes. Insert issue
date for Additional Notes of this Series.
	 
	2	 	Insert if appropriate.
	 
	3	 	First interest payment date is inserted for Initial
Notes. Insert first interest payment date for Additional Notes of this Series.

A-1-4

 

          If the rating of this Note from S&P or any Substitute Rating Agency thereof is decreased to a
rating set forth in the immediately following table, the interest rate on this Note will increase
from the interest rate payable on this Note on the Issue Date by the percentage set forth opposite
that rating:

	 	 	 	 	 
	S&P Rating*	 	Percentage
	BB+ 
	 	 	0.25	%
	BB 
	 	 	0.50	%
	BB- 
	 	 	0.75	%
	B+ or below 
	 	 	1.00	%

 

			
	*	 	Including the equivalent ratings of any Substitute Rating Agency.

          If at any time the interest rate on this Note has been adjusted upward and either Moody’s or
S&P (or, in either case, a Substitute Rating Agency thereof), as the case may be, subsequently
increases its rating of this Note to any of the ratings set forth in the tables above, the interest
rate on this Note will be decreased such that the interest rate for this Note equals the interest
rate payable on this Note on the Issue Date plus the applicable percentages set forth opposite the
ratings in the tables above in effect immediately following the increase. If Moody’s or any
Substitute Rating Agency thereof subsequently increases its rating of this Note to Baa3 (or its
equivalent, in the case of a Substitute Rating Agency) or higher and S&P or any Substitute Rating
Agency thereof increases its rating to BBB- (or its equivalent, in the case of a Substitute Rating
Agency) or higher, the interest rate on this Note will be decreased to the interest rate payable on
this Note on the Issue Date.

          Each adjustment required by any decrease or increase in a rating set forth above, whether
occasioned by the action of Moody’s or S&P (or, in either case, any Substitute Rating Agency
thereof), shall be made independent of any and all other adjustments. In no event shall (1) the
interest rate for this Note be reduced to below the interest rate payable on this Note on the Issue
Date or (2) the total increase in the interest rate on this Note exceed 2.00% above the interest
rate payable on this Note on the Issue Date.

          No adjustments in the interest rate of this Note shall be made solely as a result of a Rating
Agency ceasing to provide a rating. If at any time less than two Rating Agencies provide a rating
of this Note for reason beyond the Company’s control, the Company will use its commercially
reasonable efforts to obtain a rating of this Note from a Substitute Rating Agency, to the extent
one exists, and if a Substitute Rating Agency exists, for purposes of determining any increase or
decrease in the interest rate on this Note pursuant to the table above (a) such Substitute Rating
Agency will be substituted for the last Rating Agency to provide a rating of this Note but which
has since ceased to provide such rating, (b) the relative ratings scale used by such Substitute
Rating Agency to assign ratings to senior unsecured debt will be determined in good faith by an
independent investment banking institution of national standing appointed by the Company and, for
purposes of determining the applicable ratings included in the applicable table above with respect
to such Substitute Rating Agency, such ratings will be deemed to be the equivalent ratings used by
Moody’s or S&P, as applicable, in such table and (c) the interest rate on this Note will increase
or decrease, as the case may be, such that the interest rate equals the interest rate payable on
this Note on the Issue Date plus the appropriate percentage, if any, set forth opposite the rating
from such Substitute Rating Agency in the applicable table above (taking into account the
provisions of clause (b) above) (plus any applicable percentage resulting from a decreased rating
by the other Rating Agency). For so long as only one Rating Agency provides a rating of this Note,
any subsequent increase or decrease in the interest rate of this Note necessitated by a reduction
or increase in the rating by the agency providing the rating shall be twice the percentage set
forth in the applicable table above. For so long as no Rating Agency provides a rating of this
Note, the interest rate on this Note will increase to, or remain at, as the case may be, 2.00%
above the interest rate payable on this Note on the Issue Date.

          In addition, the interest rate on this Note will permanently cease to be subject to any
adjustment described above (notwithstanding any subsequent decrease in the ratings by either or
both Rating Agencies) if this Note becomes rated A3 and A- (or its equivalent, in the case of a
Substitute Rating Agency) or higher by Moody’s and S&P (or, in either case, any Substitute Rating
Agency thereof) or one of these ratings if this Note is only rated by one Rating Agency.

A-1-5

 

          Any interest rate increase or decrease described above will take effect from the first day of
the interest period during which a rating change requires an adjustment in the interest rate. If
Moody’s or S&P or any Substitute Rating Agency thereof changes its rating of this Note more than
once during any particular interest period, the last change by such agency during such period will
control for purposes of any interest rate increase or decrease described above relating to such
agency’s action.

          Any adjustment to the interest rate based on a change in the ratings as described above will
be independent of (and in addition to) any Additional Interest payable to Holders of this Note
pursuant to the Registration Rights Agreement and, unless the context otherwise requires, the terms
“interest” and “interest payable on this Note on the Issue Date” as used in this paragraph 1(b),
will be deemed to include any such Additional Interest.

     2. Method of Payment.  The Company shall pay interest on the Notes (except defaulted interest)
to the Persons in whose name this Note (or one or more Predecessor Notes) is registered at the
close of business on the April 15 or October 15 next preceding the Interest Payment Date, even if
such Note is cancelled after such record date and on or before such Interest Payment Date, except
as provided in Section 2.12 of the Indenture with respect to defaulted interest.  The Notes shall
be payable as to principal, premium, if any, and interest and Additional Interest, if any, at the
office or agency of the Company maintained for such purpose, or, at the option of the Company,
payment of interest may be made by check mailed to the Holders at their addresses set forth in the
Security Register; provided, however, that payment by wire transfer of immediately available funds
shall be required with respect to principal of and interest and Additional Interest, if any, and
premium, if any, on, all Global Notes and all other Notes the Holders of which shall have provided
wire transfer instructions to the Company or the Paying Agent. Such payment shall be in such coin
or currency of the United States of America as at the time of payment is legal tender for payment
of public and private debts.

     3. Paying Agent and Registrar.  Initially, Wells Fargo Bank, N.A., a national banking
association, the Trustee under the Indenture, shall act as Paying Agent and Registrar.  The Company
may change any Paying Agent or Registrar without notice to any Holder.  The Company or any of its
Subsidiaries may act in any such capacity.

     4. Indenture. The Company issued the Notes under an Indenture dated April 30, 2008 (the
“Indenture”) between the Company and the Trustee.  The terms of the Notes include those stated in
the Indenture and those made part of the Indenture by reference to the Trust Indenture Act of 1939,
as amended (15 U.S. Code §§ 77aaa-77bbbb).  The Notes are subject to all such terms, and Holders
are referred to the Indenture and the Trust Indenture Act for a statement of such terms.  To the
extent any provision of this Note conflicts with the express provisions of the Indenture, the
provisions of the Indenture shall govern and be controlling.

     5. Optional Redemption. At any time and from time to time, the Notes of this Series will be
redeemable, as a whole or in part, at the Company’s option, on at least 30 days, but not more than
60 days, prior notice mailed to the registered address of each Holder of Notes of this Series, at a
redemption price equal to the greater of (i) 100% of principal amount of the Notes to be redeemed,
or (ii) the sum of the present values of the Remaining Scheduled Payments of the Notes to be
redeemed discounted to the date of redemption on a semiannual basis (assuming a 360-day year
consisting of twelve 30-day months) at the Treasury Rate plus 45 basis points, plus accrued and
unpaid interest thereon to, but not including, the redemption date.

     6. Special Mandatory Redemption. This Note is subject to the special mandatory redemption
provision of Section 3.08 of the Indenture. Except as set forth in Section 3.08 of the Indenture,
the Company shall not be required to make mandatory redemption or sinking fund payments with
respect to this Note.

     7. Repurchase at Option of Holder.

          (a) Upon the occurrence of a Change of Control Triggering Event, unless the Company has
exercised its right to redeem the Notes under Section 3.07 of the Indenture, the Company shall be
required to make a Change of Control Offer to each Holder of Notes to repurchase all or a portion
(equal to $2,000 or an integral multiple or $1,000 in excess thereof) of such Holder’s Notes on the
terms set forth in Section 4.11 of the Indenture

A-1-6

 

and pursuant to the provisions of Section 3.09 of the Indenture. In the Change of Control
Offer, the Company shall offer payment in cash equal to 101% of the aggregate principal amount of
Notes repurchased plus accrued and unpaid interest, if any, to but not including the date of
purchase, subject to the rights of Holders of Notes on the relevant record date to receive interest
due on the relevant Interest Payment Date.

          (b) The Company shall not be required to make a Change of Control Offer if a third party makes
such an offer in the manner, at the times and otherwise in compliance with the requirements for
such an offer made by the Company and such third party purchases all Notes properly tendered and
not withdrawn under its offer. Notwithstanding anything to the contrary herein, a Change of
Control Offer may be made in advance of a Change of Control Triggering Event conditional upon such
Change of Control.

     8. Notice of Optional Redemption.  Notice of redemption made pursuant to Section 3.07 of the
Indenture shall be mailed at least 30 days but not more than 60 days before the redemption date to
each Holder whose Notes are to be redeemed at its registered address.  Notes in denominations
larger than $1,000 may be redeemed in part but only in whole multiples of $1,000, unless all of the
Notes held by a Holder are to be redeemed.  On and after the redemption date interest ceases to
accrue on Notes or portions thereof called for redemption.

     9. Subsidiary Guarantees. The payment of the principal of, premium, if any, and interest on
the Notes will be unconditionally guaranteed by the Subsidiary Guarantors, if any, on the terms set
forth in the Indenture.

     10. Denominations, Transfer, Exchange.  The Notes are in registered form without coupons in
denominations of $2,000 and integral multiples of $1,000 in excess thereof.  This Note shall
represent the aggregate principal amount of outstanding Notes from time to time endorsed hereon and
the aggregate principal amount of Notes represented hereby may from time to time be reduced or
increased, as appropriate, to reflect exchanges and redemptions. The transfer of Notes may be
registered and Notes may be exchanged as provided in the Indenture.  The Registrar and the Trustee
may require a Holder, among other things, to furnish appropriate endorsements and transfer
documents and the Company may require a Holder to pay any taxes and fees required by law or
permitted by the Indenture.  Neither the Registrar nor the Company shall be required (A) to
register the transfer of or to exchange any Notes during a period beginning at the opening of
business 15 days before the day of any selection of Notes for redemption under Section 3.02 of the
Indenture and ending at the close of business on the date of selection, (B) to register the
transfer of or to exchange any Note so selected for redemption in whole or in part, except the
unredeemed portion of any Note being redeemed in part or (C) to register the transfer of or to
exchange a Note between a record date (including a Regular Record Date) and the next succeeding
Interest Payment Date.

          [This Regulation S Temporary Global Note is exchangeable in whole or in part for one or more
Global Notes only (i) on or after the termination of the Distribution Compliance Period and (ii)
upon presentation of certificates (accompanied by an Opinion of Counsel, if applicable) required by
Article 2 of the Indenture. Upon exchange of this Regulation S Temporary Global Note for one or
more Global Notes, the Trustee shall cancel this Regulation S Temporary Global Note.]4

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

     12. Amendment, Supplement and Waiver.  Subject to certain exceptions, the Company and the
Trustee may amend or supplement the Indenture (including the Subsidiary Guarantees set forth
therein) and the Notes with the consent of the Holders of a majority in principal amount of the
then outstanding Notes, including Additional Notes, if any, of each Series then outstanding
affected by the amendment or supplement voting as a separate class (including consents obtained in
connection with a purchase of or tender offer or exchange offer for the Notes), and, subject to
Sections 6.04 and 6.07 of the Indenture, any existing Default or Event of Default (except a
continuing Default or Event of Default in (i) the payment of principal, premium, if any, or
interest on the Notes and (ii) in respect of a covenant or provision which under the Indenture
cannot be modified or amended without the consent of the Holder of each Note affected by such
modification or amendment) or compliance with any provision

 

			
	4	 	Insert into Regulation S Temporary Global Note.

A-1-7

 

of the Indenture or the Notes may be waived with the consent of the Holders of a majority in
principal amount of the Notes, including Additional Notes, if any, of each Series then outstanding
voting as a separate class (including consents obtained in connection with a purchase of or tender
offer or exchange offer for the Notes).

          Without the consent of any Holder, the Company and the Trustee may amend or supplement the
Indenture (including the Subsidiary Guarantees set forth therein) or the Notes to cure any
ambiguity, defect or inconsistency, provided that the interests of the Holders of the Notes are not
adversely affected in any material respect, to add Events of Default for the Notes of any Series,
to provide for the issuance of Notes of any Additional Series, or of Additional Notes of any
Series, to provide for the assumption of the Company’s obligations in the case of a merger or
consolidation and the discharge of the Company upon such assumption provided that Section 5.01 of
the Indenture is complied with, to add covenants or make any change that would provide any
additional rights or benefits to the Holders of the Notes of any Series, to add Subsidiary
Guarantors or additional Subsidiary Guarantors or additional obligors with respect to the Notes of
any Series, to release a Subsidiary Guarantor upon the satisfaction of all conditions for release
of such Subsidiary Guarantor as provided under the Indenture, to secure the Notes of any Series, to
add or appoint a successor or separate Trustee, to make any change that does not adversely affect
the interests of any Holder of Notes, or to obtain or maintain the qualification of the Indenture
under the Trust Indenture Act.

     13. Defaults and Remedies. 

     If any Event of Default (other than those of the type described in Section 6.01(e) or (f) of
the Indenture with respect to the Company, any Significant Subsidiary of the Company or any group
of Subsidiaries of the Company constituting a Significant Subsidiary of the Company) occurs with
respect to any Series of the Notes and is continuing, then the Trustee may, and the Trustee upon
the request of Holders of 25% in principal amount of the outstanding Notes of that Series shall,
declare the principal of all the Notes of that Series, together with all accrued and unpaid
interest, premium, if any, to be due and payable by notice in writing to the Company and the
Trustee specifying the respective Event of Default and that such notice is a notice of acceleration
(the “Acceleration Notice”), and the same shall become immediately due and payable. In the case of
an Event of Default with respect to any Series of Notes specified in Section 6.01(e) or (f) of the
Indenture with respect to the Company, any Significant Subsidiary of the Company or any group of
Subsidiaries of the Company constituting a Significant Subsidiary of the Company, all outstanding
Notes of such Series shall become due and payable immediately without any further declaration or
other act on the part of the Trustee or any Holder.

     Holders may not enforce the Indenture or the Notes except as provided in the Indenture.
Subject to certain limitations, if an Event of Default with respect to the Notes of any Series
shall occur and be continuing, the Holders of a majority in aggregate principal amount of the Notes
of such Series then outstanding may direct the Trustee in its exercise of any trust or power. The
Trustee may withhold from Holders notice of any continuing Default or Event of Default (except a
Default or Event of Default relating to the payment of principal or interest or Additional
Interest) so long as it determines in good faith that withholding the notice is in the interests of
the Holders. The Holders of at least a majority in aggregate principal amount of the Notes of any
Series then outstanding by notice to the Trustee may on behalf of the Holders of all of the Notes,
waive any existing Default or Event of Default with respect to such Series, and its consequences,
except a continuing Default or Event of Default (i) in the payment of the principal of, premium, if
any, or interest, on the Notes of such Series and (ii) in respect of a covenant or provision which
under this Indenture cannot be modified or amended without the consent of the Holder of each Note
affected by such modification or amendment. The Company is required to deliver to the Trustee
annually a statement regarding compliance with the Indenture, and the Company shall deliver to the
Trustee, within 30 days after the Company becomes aware, written notice in the form of an Officers’
Certificate of any event that with the giving of notice and/or the lapse of time would become an
Event of Default, its status and what action the Company is taking or proposes to take with respect
thereto.

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

     15. No Recourse Against Others.  No past, present or future director, officer, employee,
incorporator or stockholder of the Company or any Subsidiary Guarantor, as such, shall have any
liability for any obligations of

A-1-8

 

the Company or of the Subsidiary Guarantors under the Notes, the Indenture, the Subsidiary
Guarantees or for any claim based on, in respect of, or by reason of, such obligations or their
creation. Each Holder of Notes by accepting a Note waives and releases all such liability. The
waiver and release are part of the consideration for issuance of the Notes. The waiver and
release may not be effective to waive or release liabilities under the federal securities laws. 

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

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

     18. Additional Rights of Holders of Restricted Global Notes and Restricted Definitive Notes.
In addition to the rights provided to Holders of Notes under the Indenture, Holders of Restricted
Global Notes and Restricted Definitive Notes that are Initial Notes shall have all the rights set
forth in the Registration Rights Agreement, dated April 30, 2008, between the Company and the
parties named on the signature pages thereto or, in the case of Additional Notes, Holders of
Restricted Global Notes and Restricted Definitive Notes shall have the rights set forth in one or
more registration rights agreement, if any, among the Company and the other parties thereto,
relating to rights given by the Company to the purchasers of any Additional Notes.

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

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

Dr Pepper Snapple Group, Inc.

5301 Legacy Drive

Plano, Texas 75025

Attn: John Stewart, Executive Vice

President and Chief Financial Officer

Facsimile: (972) 673-7879

     20. Governing Law. The internal law of the State of New York shall govern and be used to
construe this Note without giving effect to applicable principals of conflicts of law to the extent
that the application of the laws of another jurisdiction would be required thereby.

A-1-9

 

Option of Holder to Elect Purchase

          If you want to elect to have this Note purchased by the Company pursuant to Section 4.11 of the
Indenture, check the box below:

o Section 4.11

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

	 	 	 	 	 	 	 	 	 
	Date:

	 	 	 	 	 	Your Signature:	 	 
	 

	 	 
	 	 	 	 	 	 
	 	 	 	 	 	 	(Sign exactly as your name appears on the Note)
	 
	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Tax Identification No.:
	 
	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	SIGNATURE GUARANTEE:
	 
	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Signatures must be guaranteed by an “eligible
guarantor institution” meeting the requirements of
the Registrar, which requirements include membership
or participation in the Security Transfer Agent
Medallion Program (“STAMP”) or such other “signature
guarantee program” as may be determined by the
Registrar in addition to, or in substitution for,
STAMP, all in accordance with the Securities Exchange
Act of 1934, as amended.

A-1-10

 

Assignment Form

To assign this Note, fill in the form below:

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

 

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

 

 

 

 

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

	 	 	 
	and irrevocably appoint
	 	 
	 

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

Date:                     

	 	 	 	 	 
	 

	 	Your Signature:	 	 
	 

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

	 	Signature Guarantee:	 	 
	 

	 	 	 	 

SCHEDULE OF EXCHANGES OF INTERESTS IN THE GLOBAL NOTE

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

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

A-1-11

 

(FORM OF FACE OF 6.82% SENIOR NOTE DUE 2018)

[INSERT THE GLOBAL NOTES LEGEND, IF APPLICABLE PURSUANT TO THE PROVISIONS OF THE INDENTURE]

[INSERT THE PRIVATE PLACEMENT LEGEND, IF APPLICABLE PURSUANT TO THE PROVISIONS OF THE INDENTURE]

[INSERT THE REGULATION S TEMPORARY GLOBAL NOTE LEGEND, IF APPLICABLE PURSUANT TO THE PROVISIONS OF THE INDENTURE]

A-2-1

 

EXHIBIT A-2

 

(FORM OF FACE OF 6.82% SENIOR NOTE DUE 2018)

6.82% SENIOR NOTE DUE 2018

			
	 	 	 
	 
	 	CUSIP                     
	No.___
	 	$                    

DR PEPPER SNAPPLE GROUP, INC.

promises to pay to CEDE & CO., INC. or registered assigns, the principal sum of                     
Dollars ($                    ) on May 1, 2018.

Interest Payment Dates: May 1 and November 1, commencing [November 1, 2008].

Record Dates:  April 15 and October 15.

Dated: [April 30, 2008].

A-2-2

 

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

	 	 	 	 	 
	 	DR PEPPER SNAPPLE GROUP, INC.

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 

This is one of the Global

Notes referred to in the

within-mentioned Indenture:

WELLS FARGO BANK, N.A.

as Trustee

	 	 	 	 	 
	By:
	 	 	 	 
	 

	 	 

Authorized Signatory
	 	 

Dated [April 30, 2008]

A-2-3

 

[FORM OF REVERSE SIDE OF 6.82% SENIOR NOTE DUE 2018)

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

     1. Interest.  (a) Dr Pepper Snapple Group, Inc., a Delaware corporation (the “Company”),
promises to pay interest on the principal amount of this Note at 6.82% per annum until maturity and
shall pay Additional Interest, if any, as provided in Section 2(e) of the Registration Rights
Agreement.  The Company shall pay interest semi-annually on May 1 and November 1 of each year, or
if any such day is not a Business Day, on the next succeeding Business Day (each an “Interest
Payment Date”). Interest shall accrue from the most recent date to which interest has been paid on
this Note (or one or more Predecessor Notes) or, if no interest has been paid, from [April 30,
2008]1; provided, however, that [if there is no existing Default in the payment of
interest, and if this Note is authenticated between a record date referred to on the face hereof
and the next succeeding Interest Payment Date, interest shall accrue from such next succeeding
Interest Payment Date; provided, further, that]2 the first Interest Payment Date shall
be [November 1, 2008].3 The Company shall pay interest (including post-petition
interest in any proceeding under any Bankruptcy Law) on overdue principal and premium, if any, from
time to time at a rate equal to the interest rate then in effect under the Indenture and this Note;
it shall pay interest (including post-petition interest in any proceeding under any Bankruptcy Law)
on overdue installments of interest and Additional Interest, if any (without regard to any
applicable grace periods), from time to time at the same rate to the extent lawful.  Interest shall
be computed on the basis of a 360-day year of twelve 30-day months.

          (b) The interest rate payable on this Note will be subject to adjustments from time to time if
either of Moody’s or S&P (or, in either case, any Substitute Rating Agency thereof), downgrades (or
subsequently upgrades) the debt rating assigned to this Note, in the manner described below.

          If the rating of this Note from Moody’s or any Substitute Rating Agency thereof is decreased
to a rating set forth in the immediately following table, the interest rate on this Note will
increase from the interest rate payable on this Note on the Issue Date by the percentage set forth
opposite that rating:

	 	 	 	 	 
	Moody’s Rating*	 	Percentage
	Ba1 
	 	 	0.25	%
	Ba2 
	 	 	0.50	%
	Ba3 
	 	 	0.75	%
	B1 or below 
	 	 	1.00	%

 

			
	*	 	Including the equivalent ratings of any Substitute Rating Agency.
	 
	1	 	Issue Date is inserted for Initial Notes. Insert issue
date for Additional Notes of this Series.
	 
	2	 	Insert if appropriate.
	 
	3	 	First interest payment date is inserted for Initial
Notes. Insert first interest payment date for Additional Notes of this Series.

A-2-4

 

          If the rating of this Note from S&P or any Substitute Rating Agency thereof is decreased to a
rating set forth in the immediately following table, the interest rate on this Note will increase
from the interest rate payable on this Note on the Issue Date by the percentage set forth opposite
that rating:

	 	 	 	 	 
	S&P Rating*	 	Percentage
	BB+ 
	 	 	0.25	%
	BB 
	 	 	0.50	%
	BB- 
	 	 	0.75	%
	B+ or below 
	 	 	1.00	%

 

			
	*	 	Including the equivalent ratings of any Substitute Rating Agency.

          If at any time the interest rate on this Note has been adjusted upward and either Moody’s or
S&P (or, in either case, a Substitute Rating Agency thereof), as the case may be, subsequently
increases its rating of this Note to any of the ratings set forth in the tables above, the interest
rate on this Note will be decreased such that the interest rate for this Note equals the interest
rate payable on this Note on the Issue Date plus the applicable percentages set forth opposite the
ratings in the tables above in effect immediately following the increase. If Moody’s or any
Substitute Rating Agency thereof subsequently increases its rating of this Note to Baa3 (or its
equivalent, in the case of a Substitute Rating Agency) or higher and S&P or any Substitute Rating
Agency thereof increases its rating to BBB- (or its equivalent, in the case of a Substitute Rating
Agency) or higher, the interest rate on this Note will be decreased to the interest rate payable on
this Note on the Issue Date.

          Each adjustment required by any decrease or increase in a rating set forth above, whether
occasioned by the action of Moody’s or S&P (or, in either case, any Substitute Rating Agency
thereof), shall be made independent of any and all other adjustments. In no event shall (1) the
interest rate for this Note be reduced to below the interest rate payable on this Note on the Issue
Date or (2) the total increase in the interest rate on this Note exceed 2.00% above the interest
rate payable on this Note on the Issue Date.

          No adjustments in the interest rate of this Note shall be made solely as a result of a Rating
Agency ceasing to provide a rating. If at any time less than two Rating Agencies provide a rating
of this Note for reason beyond the Company’s control, the Company will use its commercially
reasonable efforts to obtain a rating of this Note from a Substitute Rating Agency, to the extent
one exists, and if a Substitute Rating Agency exists, for purposes of determining any increase or
decrease in the interest rate on this Note pursuant to the table above (a) such Substitute Rating
Agency will be substituted for the last Rating Agency to provide a rating of this Note but which
has since ceased to provide such rating, (b) the relative ratings scale used by such Substitute
Rating Agency to assign ratings to senior unsecured debt will be determined in good faith by an
independent investment banking institution of national standing appointed by the Company and, for
purposes of determining the applicable ratings included in the applicable table above with respect
to such Substitute Rating Agency, such ratings will be deemed to be the equivalent ratings used by
Moody’s or S&P, as applicable, in such table and (c) the interest rate on this Note will increase
or decrease, as the case may be, such that the interest rate equals the interest rate payable on
this Note on the Issue Date plus the appropriate percentage, if any, set forth opposite the rating
from such Substitute Rating Agency in the applicable table above (taking into account the
provisions of clause (b) above) (plus any applicable percentage resulting from a decreased rating
by the other Rating Agency). For so long as only one Rating Agency provides a rating of this Note,
any subsequent increase or decrease in the interest rate of this Note necessitated by a reduction
or increase in the rating by the agency providing the rating shall be twice the percentage set
forth in the applicable table above. For so long as no Rating Agency provides a rating of this
Note, the interest rate on this Note will increase to, or remain at, as the case may be, 2.00%
above the interest rate payable on this Note on the Issue Date.

          In addition, the interest rate on this Note will permanently cease to be subject to any
adjustment described above (notwithstanding any subsequent decrease in the ratings by either or
both Rating Agencies) if this Note becomes rated A3 and A- (or its equivalent, in the case of a
Substitute Rating Agency) or higher by Moody’s and S&P (or, in either case, any Substitute Rating
Agency thereof) or one of these ratings if this Note is only rated by one Rating Agency.

A-2-5

 

          Any interest rate increase or decrease described above will take effect from the first day of
the interest period during which a rating change requires an adjustment in the interest rate. If
Moody’s or S&P or any Substitute Rating Agency thereof changes its rating of this Note more than
once during any particular interest period, the last change by such agency during such period will
control for purposes of any interest rate increase or decrease described above relating to such
agency’s action.

          Any adjustment to the interest rate based on a change in the ratings as described above will
be independent of (and in addition to) any Additional Interest payable to Holders of this Note
pursuant to the Registration Rights Agreement and, unless the context otherwise requires, the terms
“interest” and “interest payable on this Note on the Issue Date” as used in this paragraph 1(b),
will be deemed to include any such Additional Interest.

     2. Method of Payment.  The Company shall pay interest on the Notes (except defaulted interest)
to the Persons in whose name this Note (or one or more Predecessor Notes) is registered at the
close of business on the April 15 or October 15 next preceding the Interest Payment Date, even if
such Note is cancelled after such record date and on or before such Interest Payment Date, except
as provided in Section 2.12 of the Indenture with respect to defaulted interest.  The Notes shall
be payable as to principal, premium, if any, and interest and Additional Interest, if any, at the
office or agency of the Company maintained for such purpose, or, at the option of the Company,
payment of interest may be made by check mailed to the Holders at their addresses set forth in the
Security Register; provided, however, that payment by wire transfer of immediately available funds
shall be required with respect to principal of and interest and Additional Interest, if any, and
premium, if any, on, all Global Notes and all other Notes the Holders of which shall have provided
wire transfer instructions to the Company or the Paying Agent. Such payment shall be in such coin
or currency of the United States of America as at the time of payment is legal tender for payment
of public and private debts.

     3. Paying Agent and Registrar.  Initially, Wells Fargo Bank, N.A., a national banking
association, the Trustee under the Indenture, shall act as Paying Agent and Registrar.  The Company
may change any Paying Agent or Registrar without notice to any Holder.  The Company or any of its
Subsidiaries may act in any such capacity.

     4. Indenture. The Company issued the Notes under an Indenture dated April 30, 2008 (the
“Indenture”) between the Company and the Trustee.  The terms of the Notes include those stated in
the Indenture and those made part of the Indenture by reference to the Trust Indenture Act of 1939,
as amended (15 U.S. Code §§ 77aaa-77bbbb).  The Notes are subject to all such terms, and Holders
are referred to the Indenture and the Trust Indenture Act for a statement of such terms.  To the
extent any provision of this Note conflicts with the express provisions of the Indenture, the
provisions of the Indenture shall govern and be controlling.

     5. Optional Redemption. At any time and from time to time, the Notes of this Series will be
redeemable, as a whole or in part, at the Company’s option, on at least 30 days, but not more than
60 days, prior notice mailed to the registered address of each Holder of Notes of this Series, at a
redemption price equal to the greater of (i) 100% of principal amount of the Notes to be redeemed,
or (ii) the sum of the present values of the Remaining Scheduled Payments of the Notes to be
redeemed discounted to the date of redemption on a semiannual basis (assuming a 360-day year
consisting of twelve 30-day months) at the Treasury Rate plus 45 basis points, plus accrued and
unpaid interest thereon to, but not including, the redemption date.

     6. Special Mandatory Redemption. This Note is subject to the special mandatory redemption
provision of Section 3.08 of the Indenture. Except as set forth in Section 3.08 of the Indenture,
the Company shall not be required to make mandatory redemption or sinking fund payments with
respect to this Note.

     7. Repurchase at Option of Holder.

          (a) Upon the occurrence of a Change of Control Triggering Event, unless the Company has
exercised its right to redeem the Notes under Section 3.07 of the Indenture, the Company shall be
required to make a Change of Control Offer to each Holder of Notes to repurchase all or a portion
(equal to $2,000 or an integral multiple or $1,000 in excess thereof) of such Holder’s Notes on the
terms set forth in Section 4.11 of the Indenture

A-2-6

 

and pursuant to the provisions of Section 3.09 of the Indenture. In the Change of Control
Offer, the Company shall offer payment in cash equal to 101% of the aggregate principal amount of
Notes repurchased plus accrued and unpaid interest, if any, to but not including the date of
purchase, subject to the rights of Holders of Notes on the relevant record date to receive interest
due on the relevant Interest Payment Date.

          (b) The Company shall not be required to make a Change of Control Offer if a third party makes
such an offer in the manner, at the times and otherwise in compliance with the requirements for
such an offer made by the Company and such third party purchases all Notes properly tendered and
not withdrawn under its offer. Notwithstanding anything to the contrary herein, a Change of
Control Offer may be made in advance of a Change of Control Triggering Event conditional upon such
Change of Control.

     8. Notice of Optional Redemption.  Notice of redemption made pursuant to Section 3.07 of the
Indenture shall be mailed at least 30 days but not more than 60 days before the redemption date to
each Holder whose Notes are to be redeemed at its registered address.  Notes in denominations
larger than $1,000 may be redeemed in part but only in whole multiples of $1,000, unless all of the
Notes held by a Holder are to be redeemed.  On and after the redemption date interest ceases to
accrue on Notes or portions thereof called for redemption.

     9. Subsidiary Guarantees. The payment of the principal of, premium, if any, and interest on
the Notes will be unconditionally guaranteed by the Subsidiary Guarantors, if any, on the terms set
forth in the Indenture.

     10. Denominations, Transfer, Exchange.  The Notes are in registered form without coupons in
denominations of $2,000 and integral multiples of $1,000 in excess thereof.  This Note shall
represent the aggregate principal amount of outstanding Notes from time to time endorsed hereon and
the aggregate principal amount of Notes represented hereby may from time to time be reduced or
increased, as appropriate, to reflect exchanges and redemptions. The transfer of Notes may be
registered and Notes may be exchanged as provided in the Indenture.  The Registrar and the Trustee
may require a Holder, among other things, to furnish appropriate endorsements and transfer
documents and the Company may require a Holder to pay any taxes and fees required by law or
permitted by the Indenture.  Neither the Registrar nor the Company shall be required (A) to
register the transfer of or to exchange any Notes during a period beginning at the opening of
business 15 days before the day of any selection of Notes for redemption under Section 3.02 of the
Indenture and ending at the close of business on the date of selection, (B) to register the
transfer of or to exchange any Note so selected for redemption in whole or in part, except the
unredeemed portion of any Note being redeemed in part or (C) to register the transfer of or to
exchange a Note between a record date (including a Regular Record Date) and the next succeeding
Interest Payment Date.

          [This Regulation S Temporary Global Note is exchangeable in whole or in part for one or more
Global Notes only (i) on or after the termination of the Distribution Compliance Period and (ii)
upon presentation of certificates (accompanied by an Opinion of Counsel, if applicable) required by
Article 2 of the Indenture. Upon exchange of this Regulation S Temporary Global Note for one or
more Global Notes, the Trustee shall cancel this Regulation S Temporary Global Note.]4

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

     12. Amendment, Supplement and Waiver.  Subject to certain exceptions, the Company and the
Trustee may amend or supplement the Indenture (including the Subsidiary Guarantees set forth
therein) and the Notes with the consent of the Holders of a majority in principal amount of the
then outstanding Notes, including Additional Notes, if any, of each Series then outstanding
affected by the amendment or supplement voting as a separate class (including consents obtained in
connection with a purchase of or tender offer or exchange offer for the Notes), and, subject to
Sections 6.04 and 6.07 of the Indenture, any existing Default or Event of Default (except a
continuing Default or Event of Default in (i) the payment of principal, premium, if any, or
interest on the Notes and (ii) in respect of a covenant or provision which under the Indenture
cannot be modified or amended without the consent of the Holder of each Note affected by such
modification or amendment) or compliance with any provision

 

			
	4	 	Insert into Regulation S Temporary Global Note.

A-2-7

 

of the Indenture or the Notes may be waived with the consent of the Holders of a majority in
principal amount of the Notes, including Additional Notes, if any, of each Series then outstanding
voting as a separate class (including consents obtained in connection with a purchase of or tender
offer or exchange offer for the Notes).

          Without the consent of any Holder, the Company and the Trustee may amend or supplement the
Indenture (including the Subsidiary Guarantees set forth therein) or the Notes to cure any
ambiguity, defect or inconsistency, provided that the interests of the Holders of the Notes are not
adversely affected in any material respect, to add Events of Default for the Notes of any Series,
to provide for the issuance of Notes of any Additional Series, or of Additional Notes of any
Series, to provide for the assumption of the Company’s obligations in the case of a merger or
consolidation and the discharge of the Company upon such assumption provided that Section 5.01 of
the Indenture is complied with, to add covenants or make any change that would provide any
additional rights or benefits to the Holders of the Notes of any Series, to add Subsidiary
Guarantors or additional Subsidiary Guarantors or additional obligors with respect to the Notes of
any Series, to release a Subsidiary Guarantor upon the satisfaction of all conditions for release
of such Subsidiary Guarantor as provided under the Indenture, to secure the Notes of any Series, to
add or appoint a successor or separate Trustee, to make any change that does not adversely affect
the interests of any Holder of Notes, or to obtain or maintain the qualification of the Indenture
under the Trust Indenture Act.

     13. Defaults and Remedies. 

     If any Event of Default (other than those of the type described in Section 6.01(e) or (f) of
the Indenture with respect to the Company, any Significant Subsidiary of the Company or any group
of Subsidiaries of the Company constituting a Significant Subsidiary of the Company) occurs with
respect to any Series of the Notes and is continuing, then the Trustee may, and the Trustee upon
the request of Holders of 25% in principal amount of the outstanding Notes of that Series shall,
declare the principal of all the Notes of that Series, together with all accrued and unpaid
interest, premium, if any, to be due and payable by notice in writing to the Company and the
Trustee specifying the respective Event of Default and that such notice is a notice of acceleration
(the “Acceleration Notice”), and the same shall become immediately due and payable. In the case of
an Event of Default with respect to any Series of Notes specified in Section 6.01(e) or (f) of the
Indenture with respect to the Company, any Significant Subsidiary of the Company or any group of
Subsidiaries of the Company constituting a Significant Subsidiary of the Company, all outstanding
Notes of such Series shall become due and payable immediately without any further declaration or
other act on the part of the Trustee or any Holder.

     Holders may not enforce the Indenture or the Notes except as provided in the Indenture.
Subject to certain limitations, if an Event of Default with respect to the Notes of any Series
shall occur and be continuing, the Holders of a majority in aggregate principal amount of the Notes
of such Series then outstanding may direct the Trustee in its exercise of any trust or power. The
Trustee may withhold from Holders notice of any continuing Default or Event of Default (except a
Default or Event of Default relating to the payment of principal or interest or Additional
Interest) so long as it determines in good faith that withholding the notice is in the interests of
the Holders. The Holders of at least a majority in aggregate principal amount of the Notes of any
Series then outstanding by notice to the Trustee may on behalf of the Holders of all of the Notes,
waive any existing Default or Event of Default with respect to such Series, and its consequences,
except a continuing Default or Event of Default (i) in the payment of the principal of, premium, if
any, or interest, on the Notes of such Series and (ii) in respect of a covenant or provision which
under this Indenture cannot be modified or amended without the consent of the Holder of each Note
affected by such modification or amendment. The Company is required to deliver to the Trustee
annually a statement regarding compliance with the Indenture, and the Company shall deliver to the
Trustee, within 30 days after the Company becomes aware, written notice in the form of an Officers’
Certificate of any event that with the giving of notice and/or the lapse of time would become an
Event of Default, its status and what action the Company is taking or proposes to take with respect
thereto.

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

     15. No Recourse Against Others.  No past, present or future director, officer, employee,
incorporator or stockholder of the Company or any Subsidiary Guarantor, as such, shall have any
liability for any obligations of

A-2-8

 

the Company or of the Subsidiary Guarantors under the Notes, the Indenture, the Subsidiary
Guarantees or for any claim based on, in respect of, or by reason of, such obligations or their
creation. Each Holder of Notes by accepting a Note waives and releases all such liability. The
waiver and release are part of the consideration for issuance of the Notes. The waiver and
release may not be effective to waive or release liabilities under the federal securities laws. 

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

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

     18. Additional Rights of Holders of Restricted Global Notes and Restricted Definitive Notes.
In addition to the rights provided to Holders of Notes under the Indenture, Holders of Restricted
Global Notes and Restricted Definitive Notes that are Initial Notes shall have all the rights set
forth in the Registration Rights Agreement, dated April 30, 2008, between the Company and the
parties named on the signature pages thereto or, in the case of Additional Notes, Holders of
Restricted Global Notes and Restricted Definitive Notes shall have the rights set forth in one or
more registration rights agreement, if any, among the Company and the other parties thereto,
relating to rights given by the Company to the purchasers of any Additional Notes.

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

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

Dr Pepper Snapple Group, Inc.

5301 Legacy Drive

Plano, Texas 75025

Attn: John Stewart, Executive Vice

President and Chief Financial Officer

Facsimile: (972) 673-7879

     20. Governing Law. The internal law of the State of New York shall govern and be used to
construe this Note without giving effect to applicable principals of conflicts of law to the extent
that the application of the laws of another jurisdiction would be required thereby.

A-2-9

 

Option of Holder to Elect Purchase

If you want to elect to have this Note purchased by the Company pursuant to Section 4.11 of the
Indenture, check the box below:

o Section 4.11

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

	 	 	 	 	 	 	 	 	 
	Date:

	 	 	 	 	 	Your Signature:	 	 
	 

	 	 
	 	 	 	 	 	 
	 	 	 	 	 	 	(Sign exactly as your name appears on the Note)
	 
	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Tax Identification No.:
	 
	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	SIGNATURE GUARANTEE:
	 
	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Signatures must be guaranteed by an “eligible
guarantor institution” meeting the requirements of
the Registrar, which requirements include membership
or participation in the Security Transfer Agent
Medallion Program (“STAMP”) or such other “signature
guarantee program” as may be determined by the
Registrar in addition to, or in substitution for,
STAMP, all in accordance with the Securities Exchange
Act of 1934, as amended.

A-2-10

 

Assignment Form

To assign this Note, fill in the form below:

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

 

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

 

 

 

 

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

	 	 	 
	and irrevocably appoint
	 	 
	 

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

 

Date:                     

	 	 	 	 	 
	 

	 	Your Signature:	 	 
	 

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

	 	Signature Guarantee:	 	 
	 

	 	 	 	 

A-2-11

 

SCHEDULE OF EXCHANGES OF INTERESTS IN THE GLOBAL NOTE

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

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

A-2-12

 

(FORM OF FACE OF 7.45% SENIOR NOTE DUE 2038)

[INSERT THE GLOBAL NOTES LEGEND, IF APPLICABLE PURSUANT TO THE PROVISIONS OF THE INDENTURE]

[INSERT THE PRIVATE PLACEMENT LEGEND, IF APPLICABLE PURSUANT TO THE PROVISIONS OF THE INDENTURE]

[INSERT THE REGULATION S TEMPORARY GLOBAL NOTE LEGEND, IF APPLICABLE PURSUANT TO THE PROVISIONS OF THE INDENTURE]

A-3-1

 

EXHIBIT A-3

 

(FORM OF FACE OF 7.45% SENIOR NOTE DUE 2038)

7.45% SENIOR NOTE DUE 2038

			
	 	 	 
	 
	 	CUSIP                     
	No.    
	 	$                    

DR PEPPER SNAPPLE GROUP, INC.

promises to pay to CEDE & CO., INC. or registered assigns, the principal sum of                     
Dollars ($                    ) on [                     ], 2038.

Interest Payment Dates: May 1 and November 1, commencing [November 1, 2008].

Record Dates:  April 15 and October 15.

Dated: [April 30, 2008].

A-3-2

 

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

	 	 	 	 	 
	 	Dr Pepper Snapple Group, Inc.

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 

This is one of the Global

Notes referred to in the

within-mentioned Indenture:

WELLS FARGO BANK, N.A.

as Trustee

	 	 	 	 	 
	By:
	 	 	 	 
	 

	 	 

Authorized Signatory
	 	 

Dated [April 30, 2008]

A-3-3

 

[FORM OF REVERSE SIDE OF 7.45% SENIOR NOTE DUE 2038)

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

     1. Interest.  (a) Dr Pepper Snapple Group, Inc., a Delaware corporation (the “Company”),
promises to pay interest on the principal amount of this Note at 7.45% per annum until maturity and
shall pay Additional Interest, if any, as provided in Section 2(e) of the Registration Rights
Agreement.  The Company shall pay interest semi-annually on May 1 and November 1 of each year, or
if any such day is not a Business Day, on the next succeeding Business Day (each an “Interest
Payment Date”). Interest shall accrue from the most recent date to which interest has been paid on
this Note (or one or more Predecessor Notes) or, if no interest has been paid, from [April 30,
2008]1; provided, however, that [if there is no existing Default in the payment of
interest, and if this Note is authenticated between a record date referred to on the face hereof
and the next succeeding Interest Payment Date, interest shall accrue from such next succeeding
Interest Payment Date; provided, further, that]2 the first Interest Payment Date shall
be [November 1, 2008].3 The Company shall pay interest (including post-petition
interest in any proceeding under any Bankruptcy Law) on overdue principal and premium, if any, from
time to time at a rate equal to the interest rate then in effect under the Indenture and this Note;
it shall pay interest (including post-petition interest in any proceeding under any Bankruptcy Law)
on overdue installments of interest and Additional Interest, if any (without regard to any
applicable grace periods), from time to time at the same rate to the extent lawful.  Interest shall
be computed on the basis of a 360-day year of twelve 30-day months.

          (b) The interest rate payable on this Note will be subject to adjustments from time to time if
either of Moody’s or S&P (or, in either case, any Substitute Rating Agency thereof), downgrades (or
subsequently upgrades) the debt rating assigned to this Note, in the manner described below.

          If the rating of this Note from Moody’s or any Substitute Rating Agency thereof is decreased
to a rating set forth in the immediately following table, the interest rate on this Note will
increase from the interest rate payable on this Note on the Issue Date by the percentage set forth
opposite that rating:

	 	 	 	 	 
	Moody’s Rating*	 	Percentage
	Ba1 
	 	 	0.25	%
	Ba2 
	 	 	0.50	%
	Ba3 
	 	 	0.75	%
	B1 or below 
	 	 	1.00	%

 

			
	*	 	Including the equivalent ratings of any Substitute Rating Agency.
	 
	1	 	Issue Date is inserted for Initial Notes. Insert issue
date for Additional Notes of this Series.
	 
	2	 	Insert if appropriate.
	 
	3	 	First interest payment date is inserted for Initial
Notes. Insert first interest payment date for Additional Notes of this Series.

A-3-4

 

          If the rating of this Note from S&P or any Substitute Rating Agency thereof is decreased to a
rating set forth in the immediately following table, the interest rate on this Note will increase
from the interest rate payable on this Note on the Issue Date by the percentage set forth opposite
that rating:

	 	 	 	 	 
	S&P Rating*	 	Percentage
	BB+ 
	 	 	0.25	%
	BB 
	 	 	0.50	%
	BB- 
	 	 	0.75	%
	B+ or below 
	 	 	1.00	%

 

			
	*	 	Including the equivalent ratings of any Substitute Rating Agency.

          If at any time the interest rate on this Note has been adjusted upward and either Moody’s or
S&P (or, in either case, a Substitute Rating Agency thereof), as the case may be, subsequently
increases its rating of this Note to any of the ratings set forth in the tables above, the interest
rate on this Note will be decreased such that the interest rate for this Note equals the interest
rate payable on this Note on the Issue Date plus the applicable percentages set forth opposite the
ratings in the tables above in effect immediately following the increase. If Moody’s or any
Substitute Rating Agency thereof subsequently increases its rating of this Note to Baa3 (or its
equivalent, in the case of a Substitute Rating Agency) or higher and S&P or any Substitute Rating
Agency thereof increases its rating to BBB- (or its equivalent, in the case of a Substitute Rating
Agency) or higher, the interest rate on this Note will be decreased to the interest rate payable on
this Note on the Issue Date.

          Each adjustment required by any decrease or increase in a rating set forth above, whether
occasioned by the action of Moody’s or S&P (or, in either case, any Substitute Rating Agency
thereof), shall be made independent of any and all other adjustments. In no event shall (1) the
interest rate for this Note be reduced to below the interest rate payable on this Note on the Issue
Date or (2) the total increase in the interest rate on this Note exceed 2.00% above the interest
rate payable on this Note on the Issue Date.

          No adjustments in the interest rate of this Note shall be made solely as a result of a Rating
Agency ceasing to provide a rating. If at any time less than two Rating Agencies provide a rating
of this Note for reason beyond the Company’s control, the Company will use its commercially
reasonable efforts to obtain a rating of this Note from a Substitute Rating Agency, to the extent
one exists, and if a Substitute Rating Agency exists, for purposes of determining any increase or
decrease in the interest rate on this Note pursuant to the table above (a) such Substitute Rating
Agency will be substituted for the last Rating Agency to provide a rating of this Note but which
has since ceased to provide such rating, (b) the relative ratings scale used by such Substitute
Rating Agency to assign ratings to senior unsecured debt will be determined in good faith by an
independent investment banking institution of national standing appointed by the Company and, for
purposes of determining the applicable ratings included in the applicable table above with respect
to such Substitute Rating Agency, such ratings will be deemed to be the equivalent ratings used by
Moody’s or S&P, as applicable, in such table and (c) the interest rate on this Note will increase
or decrease, as the case may be, such that the interest rate equals the interest rate payable on
this Note on the Issue Date plus the appropriate percentage, if any, set forth opposite the rating
from such Substitute Rating Agency in the applicable table above (taking into account the
provisions of clause (b) above) (plus any applicable percentage resulting from a decreased rating
by the other Rating Agency). For so long as only one Rating Agency provides a rating of this Note,
any subsequent increase or decrease in the interest rate of this Note necessitated by a reduction
or increase in the rating by the agency providing the rating shall be twice the percentage set
forth in the applicable table above. For so long as no Rating Agency provides a rating of this
Note, the interest rate on this Note will increase to, or remain at, as the case may be, 2.00%
above the interest rate payable on this Note on the Issue Date.

          In addition, the interest rate on this Note will permanently cease to be subject to any
adjustment described above (notwithstanding any subsequent decrease in the ratings by either or
both Rating Agencies) if this Note becomes rated A3 and A- (or its equivalent, in the case of a
Substitute Rating Agency) or higher by Moody’s and S&P (or, in either case, any Substitute Rating
Agency thereof) or one of these ratings if this Note is only rated by one Rating Agency.

A-3-5

 

          Any interest rate increase or decrease described above will take effect from the first day of
the interest period during which a rating change requires an adjustment in the interest rate. If
Moody’s or S&P or any Substitute Rating Agency thereof changes its rating of this Note more than
once during any particular interest period, the last change by such agency during such period will
control for purposes of any interest rate increase or decrease described above relating to such
agency’s action.

          Any adjustment to the interest rate based on a change in the ratings as described above will
be independent of (and in addition to) any Additional Interest payable to Holders of this Note
pursuant to the Registration Rights Agreement and, unless the context otherwise requires, the terms
“interest” and “interest payable on this Note on the Issue Date” as used in this paragraph 1(b),
will be deemed to include any such Additional Interest.

     2. Method of Payment.  The Company shall pay interest on the Notes (except defaulted interest)
to the Persons in whose name this Note (or one or more Predecessor Notes) is registered at the
close of business on the April 15 or October 15 next preceding the Interest Payment Date, even if
such Note is cancelled after such record date and on or before such Interest Payment Date, except
as provided in Section 2.12 of the Indenture with respect to defaulted interest.  The Notes shall
be payable as to principal, premium, if any, and interest and Additional Interest, if any, at the
office or agency of the Company maintained for such purpose, or, at the option of the Company,
payment of interest may be made by check mailed to the Holders at their addresses set forth in the
Security Register; provided, however, that payment by wire transfer of immediately available funds
shall be required with respect to principal of and interest and Additional Interest, if any, and
premium, if any, on, all Global Notes and all other Notes the Holders of which shall have provided
wire transfer instructions to the Company or the Paying Agent. Such payment shall be in such coin
or currency of the United States of America as at the time of payment is legal tender for payment
of public and private debts.

     3. Paying Agent and Registrar.  Initially, Wells Fargo Bank, N.A., a national banking
association, the Trustee under the Indenture, shall act as Paying Agent and Registrar.  The Company
may change any Paying Agent or Registrar without notice to any Holder.  The Company or any of its
Subsidiaries may act in any such capacity.

     4. Indenture. The Company issued the Notes under an Indenture dated April 30, 2008 (the
“Indenture”) between the Company and the Trustee.  The terms of the Notes include those stated in
the Indenture and those made part of the Indenture by reference to the Trust Indenture Act of 1939,
as amended (15 U.S. Code §§ 77aaa-77bbbb).  The Notes are subject to all such terms, and Holders
are referred to the Indenture and the Trust Indenture Act for a statement of such terms.  To the
extent any provision of this Note conflicts with the express provisions of the Indenture, the
provisions of the Indenture shall govern and be controlling.

     5. Optional Redemption. At any time and from time to time, the Notes of this Series will be
redeemable, as a whole or in part, at the Company’s option, on at least 30 days, but not more than
60 days, prior notice mailed to the registered address of each Holder of Notes of this Series, at a
redemption price equal to the greater of (i) 100% of principal amount of the Notes to be redeemed,
or (ii) the sum of the present values of the Remaining Scheduled Payments of the Notes to be
redeemed discounted to the date of redemption on a semiannual basis (assuming a 360-day year
consisting of twelve 30-day months) at the Treasury Rate plus 45 basis points, plus accrued and
unpaid interest thereon to, but not including, the redemption date.

     6. Special Mandatory Redemption. This Note is subject to the special mandatory redemption
provision of Section 3.08 of the Indenture. Except as set forth in Section 3.08 of the Indenture,
the Company shall not be required to make mandatory redemption or sinking fund payments with
respect to this Note.

     7. Repurchase at Option of Holder.

          (a) Upon the occurrence of a Change of Control Triggering Event, unless the Company has
exercised its right to redeem the Notes under Section 3.07 of the Indenture, the Company shall be
required to make a Change of Control Offer to each Holder of Notes to repurchase all or a portion
(equal to $2,000 or an integral multiple or $1,000 in excess thereof) of such Holder’s Notes on the
terms set forth in Section 4.11 of the Indenture

A-3-6

 

and pursuant to the provisions of Section 3.09 of the Indenture. In the Change of Control
Offer, the Company shall offer payment in cash equal to 101% of the aggregate principal amount of
Notes repurchased plus accrued and unpaid interest, if any, to but not including the date of
purchase, subject to the rights of Holders of Notes on the relevant record date to receive interest
due on the relevant Interest Payment Date.

          (b) The Company shall not be required to make a Change of Control Offer if a third party makes
such an offer in the manner, at the times and otherwise in compliance with the requirements for
such an offer made by the Company and such third party purchases all Notes properly tendered and
not withdrawn under its offer. Notwithstanding anything to the contrary herein, a Change of
Control Offer may be made in advance of a Change of Control Triggering Event conditional upon such
Change of Control.

     8. Notice of Optional Redemption.  Notice of redemption made pursuant to Section 3.07 of the
Indenture shall be mailed at least 30 days but not more than 60 days before the redemption date to
each Holder whose Notes are to be redeemed at its registered address.  Notes in denominations
larger than $1,000 may be redeemed in part but only in whole multiples of $1,000, unless all of the
Notes held by a Holder are to be redeemed.  On and after the redemption date interest ceases to
accrue on Notes or portions thereof called for redemption.

     9. Subsidiary Guarantees. The payment of the principal of, premium, if any, and interest on
the Notes will be unconditionally guaranteed by the Subsidiary Guarantors, if any, on the terms set
forth in the Indenture.

     10. Denominations, Transfer, Exchange.  The Notes are in registered form without coupons in
denominations of $2,000 and integral multiples of $1,000 in excess thereof.  This Note shall
represent the aggregate principal amount of outstanding Notes from time to time endorsed hereon and
the aggregate principal amount of Notes represented hereby may from time to time be reduced or
increased, as appropriate, to reflect exchanges and redemptions. The transfer of Notes may be
registered and Notes may be exchanged as provided in the Indenture.  The Registrar and the Trustee
may require a Holder, among other things, to furnish appropriate endorsements and transfer
documents and the Company may require a Holder to pay any taxes and fees required by law or
permitted by the Indenture.  Neither the Registrar nor the Company shall be required (A) to
register the transfer of or to exchange any Notes during a period beginning at the opening of
business 15 days before the day of any selection of Notes for redemption under Section 3.02 of the
Indenture and ending at the close of business on the date of selection, (B) to register the
transfer of or to exchange any Note so selected for redemption in whole or in part, except the
unredeemed portion of any Note being redeemed in part or (C) to register the transfer of or to
exchange a Note between a record date (including a Regular Record Date) and the next succeeding
Interest Payment Date.

          [This Regulation S Temporary Global Note is exchangeable in whole or in part for one or more
Global Notes only (i) on or after the termination of the Distribution Compliance Period and (ii)
upon presentation of certificates (accompanied by an Opinion of Counsel, if applicable) required by
Article 2 of the Indenture. Upon exchange of this Regulation S Temporary Global Note for one or
more Global Notes, the Trustee shall cancel this Regulation S Temporary Global Note.]4

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

     12. Amendment, Supplement and Waiver.  Subject to certain exceptions, the Company and the
Trustee may amend or supplement the Indenture (including the Subsidiary Guarantees set forth
therein) and the Notes with the consent of the Holders of a majority in principal amount of the
then outstanding Notes, including Additional Notes, if any, of each Series then outstanding
affected by the amendment or supplement voting as a separate class (including consents obtained in
connection with a purchase of or tender offer or exchange offer for the Notes), and, subject to
Sections 6.04 and 6.07 of the Indenture, any existing Default or Event of Default (except a
continuing Default or Event of Default in (i) the payment of principal, premium, if any, or
interest on the Notes and (ii) in respect of a covenant or provision which under the Indenture
cannot be modified or amended without the consent of the Holder of each Note affected by such
modification or amendment) or compliance with any provision

 

			
	4	 	Insert into Regulation S Temporary Global Note.

A-3-7

 

of the Indenture or the Notes may be waived with the consent of the Holders of a majority in
principal amount of the Notes, including Additional Notes, if any, of each Series then outstanding
voting as a separate class (including consents obtained in connection with a purchase of or tender
offer or exchange offer for the Notes).

          Without the consent of any Holder, the Company and the Trustee may amend or supplement the
Indenture (including the Subsidiary Guarantees set forth therein) or the Notes to cure any
ambiguity, defect or inconsistency, provided that the interests of the Holders of the Notes are not
adversely affected in any material respect, to add Events of Default for the Notes of any Series,
to provide for the issuance of Notes of any Additional Series, or of Additional Notes of any
Series, to provide for the assumption of the Company’s obligations in the case of a merger or
consolidation and the discharge of the Company upon such assumption provided that Section 5.01 of
the Indenture is complied with, to add covenants or make any change that would provide any
additional rights or benefits to the Holders of the Notes of any Series, to add Subsidiary
Guarantors or additional Subsidiary Guarantors or additional obligors with respect to the Notes of
any Series, to release a Subsidiary Guarantor upon the satisfaction of all conditions for release
of such Subsidiary Guarantor as provided under the Indenture, to secure the Notes of any Series, to
add or appoint a successor or separate Trustee, to make any change that does not adversely affect
the interests of any Holder of Notes, or to obtain or maintain the qualification of the Indenture
under the Trust Indenture Act.

     13. Defaults and Remedies. 

     If any Event of Default (other than those of the type described in Section 6.01(e) or (f) of
the Indenture with respect to the Company, any Significant Subsidiary of the Company or any group
of Subsidiaries of the Company constituting a Significant Subsidiary of the Company) occurs with
respect to any Series of the Notes and is continuing, then the Trustee may, and the Trustee upon
the request of Holders of 25% in principal amount of the outstanding Notes of that Series shall,
declare the principal of all the Notes of that Series, together with all accrued and unpaid
interest, premium, if any, to be due and payable by notice in writing to the Company and the
Trustee specifying the respective Event of Default and that such notice is a notice of acceleration
(the “Acceleration Notice”), and the same shall become immediately due and payable. In the case of
an Event of Default with respect to any Series of Notes specified in Section 6.01(e) or (f) of the
Indenture with respect to the Company, any Significant Subsidiary of the Company or any group of
Subsidiaries of the Company constituting a Significant Subsidiary of the Company, all outstanding
Notes of such Series shall become due and payable immediately without any further declaration or
other act on the part of the Trustee or any Holder.

     Holders may not enforce the Indenture or the Notes except as provided in the Indenture.
Subject to certain limitations, if an Event of Default with respect to the Notes of any Series
shall occur and be continuing, the Holders of a majority in aggregate principal amount of the Notes
of such Series then outstanding may direct the Trustee in its exercise of any trust or power. The
Trustee may withhold from Holders notice of any continuing Default or Event of Default (except a
Default or Event of Default relating to the payment of principal or interest or Additional
Interest) so long as it determines in good faith that withholding the notice is in the interests of
the Holders. The Holders of at least a majority in aggregate principal amount of the Notes of any
Series then outstanding by notice to the Trustee may on behalf of the Holders of all of the Notes,
waive any existing Default or Event of Default with respect to such Series, and its consequences,
except a continuing Default or Event of Default (i) in the payment of the principal of, premium, if
any, or interest, on the Notes of such Series and (ii) in respect of a covenant or provision which
under this Indenture cannot be modified or amended without the consent of the Holder of each Note
affected by such modification or amendment. The Company is required to deliver to the Trustee
annually a statement regarding compliance with the Indenture, and the Company shall deliver to the
Trustee, within 30 days after the Company becomes aware, written notice in the form of an Officers’
Certificate of any event that with the giving of notice and/or the lapse of time would become an
Event of Default, its status and what action the Company is taking or proposes to take with respect
thereto.

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

     15. No Recourse Against Others.  No past, present or future director, officer, employee,
incorporator or stockholder of the Company or any Subsidiary Guarantor, as such, shall have any
liability for any obligations of

A-3-8

 

the Company or of the Subsidiary Guarantors under the Notes, the Indenture, the Subsidiary
Guarantees or for any claim based on, in respect of, or by reason of, such obligations or their
creation. Each Holder of Notes by accepting a Note waives and releases all such liability. The
waiver and release are part of the consideration for issuance of the Notes. The waiver and
release may not be effective to waive or release liabilities under the federal securities laws. 

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

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

     18. Additional Rights of Holders of Restricted Global Notes and Restricted Definitive Notes.
In addition to the rights provided to Holders of Notes under the Indenture, Holders of Restricted
Global Notes and Restricted Definitive Notes that are Initial Notes shall have all the rights set
forth in the Registration Rights Agreement, dated April 30, 2008, between the Company and the
parties named on the signature pages thereto or, in the case of Additional Notes, Holders of
Restricted Global Notes and Restricted Definitive Notes shall have the rights set forth in one or
more registration rights agreement, if any, among the Company and the other parties thereto,
relating to rights given by the Company to the purchasers of any Additional Notes.

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

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

Dr Pepper Snapple Group, Inc.

5301 Legacy Drive

Plano, Texas 75025

Attn: John Stewart, Executive Vice

President and Chief Financial Officer

Facsimile: (972) 673-7879

     20. Governing Law. The internal law of the State of New York shall govern and be used to
construe this Note without giving effect to applicable principals of conflicts of law to the extent
that the application of the laws of another jurisdiction would be required thereby.

A-3-9

 

Option of Holder to Elect Purchase

If you want to elect to have this Note purchased by the Company pursuant to Section 4.11 of the
Indenture, check the box below:

o Section 4.11

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

	 	 	 	 	 	 	 	 	 
	Date:

	 	 	 	 	 	Your Signature:	 	 
	 

	 	 
	 	 	 	 	 	 
	 	 	 	 	 	 	(Sign exactly as your name appears on the Note)
	 
	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Tax Identification No.:
	 
	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	SIGNATURE GUARANTEE:
	 
	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Signatures must be guaranteed by an “eligible
guarantor institution” meeting the requirements of
the Registrar, which requirements include membership
or participation in the Security Transfer Agent
Medallion Program (“STAMP”) or such other “signature
guarantee program” as may be determined by the
Registrar in addition to, or in substitution for,
STAMP, all in accordance with the Securities Exchange
Act of 1934, as amended.

A-3-10

 

Assignment Form

To assign this Note, fill in the form below:

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

 

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

 

 

 

 

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

	 	 	 
	and irrevocably appoint
	 	 
	 

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

 

Date:                     

	 	 	 	 	 
	 

	 	Your Signature:	 	 
	 

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

	 	Signature Guarantee:	 	 
	 

	 	 	 	 

A-3-11

 

SCHEDULE OF EXCHANGES OF INTERESTS IN THE GLOBAL NOTE

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

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

A-3-12

 

EXHIBIT
B

FORM OF CERTIFICATE OF TRANSFER

Dr Pepper Snapple Group, Inc.

5301 Legacy Drive

Plano, Texas 75024

Attn: John Stewart, Executive Vice

President and Chief Financial Officer

Facsimile: (972) 673-7879

Wells Fargo Bank, N.A.

201 Main Street, Suite 301

Forth Worth, Texas 76102

Attention: Corporate Trust Department

Telecopier No.: (817) 885-8650

			
	     Re:	 	6.12% Senior Notes due 2013

6.82% Senior Notes due 2018

7.45% Senior Notes due 2038

          Reference is hereby made to the Indenture, dated April 30, 2008 (the “Indenture”), among Dr
Pepper Snapple Group, Inc., as issuer (the “Company”), the Subsidiary Guarantors party thereto and
Wells Fargo Bank, N.A., as trustee. Capitalized terms used but not defined herein shall have the
meanings given to them in the Indenture.

                                                  , (the “Transferor”) owns and proposes to transfer the Note[s] or interest
in such Note[s] specified in Annex A hereto, in the principal amount of $                     in such
Note[s] or interests (the “Transfer”), to                                          (the “Transferee”), as
further specified in Annex A hereto. In connection with the Transfer, the Transferor hereby
certifies that:

[CHECK ALL THAT APPLY]

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

          2. o Check if Transferee will take delivery of a beneficial interest in the Regulation S
Global Note or a Definitive Note pursuant to Regulation S. The Transfer is being effected
pursuant to and in accordance with Rule 903 or Rule 904 under the Securities Act and, accordingly,
the Transferor hereby further certifies that (i) the Transfer is not being made to a Person in the
United States and (x) at the time the buy order was originated, the Transferee was outside the
United States or such Transferor and any Person acting on its behalf reasonably believed and
believes that the Transferee was outside the United States or (y) the transaction was executed in,
on or through the facilities of a designated offshore securities market and neither such Transferor
nor any Person acting on its behalf knows that the transaction was prearranged with a buyer in the
United States, (ii) no directed selling efforts have been made in contravention of the requirements
of Rule 903(b) or Rule 904(a) of

B-1

 

Regulation S under the Securities Act, (iii) the transaction is not part of a plan or scheme
to evade the registration requirements of the Securities Act and (iv) if the proposed transfer is
being made prior to the expiration of the Distribution Compliance Period, the transfer is not being
made to a U.S. Person or for the account or benefit of a U.S. Person (other than an Initial
Purchaser) and the interest transferred will be held immediately thereafter through Euroclear or
Clearstream. Upon consummation of the proposed transfer in accordance with the terms of the
Indenture, the transferred beneficial interest or Definitive Note will be subject to the
restrictions on Transfer enumerated in the Private Placement Legend printed on the Regulation S
Global Note, the Regulation S Temporary Global Note and/or the Definitive Note and in the Indenture
and the Securities Act.

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

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

or

          (b) o such Transfer is being effected to the Company or a Subsidiary of the Company;

or

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

or

          (d) o such Transfer is being effected to an Institutional Accredited Investor in a
minimum principal amount of $250,000 and pursuant to an exemption from the registration
requirements of the Securities Act other than Rule 144A, Rule 144 or Rule 904, and the
Transferor hereby further certifies that it has not engaged in any general solicitation
within the meaning of Regulation D under the Securities Act and the Transfer complies with
the transfer restrictions applicable to beneficial interests in a Restricted Global Note or
Restricted Definitive Notes and the requirements of the exemption claimed, which
certification is supported by (1) a certificate executed by the Transferee in the form of
Exhibit D to the Indenture. Upon consummation of the proposed transfer in accordance with
the terms of the Indenture, the transferred beneficial interest or Definitive Note will be
subject to the restrictions on transfer enumerated in the Private Placement Legend printed
on the IAI Global Note and/or the Definitive Notes and in the Indenture and the Securities
Act.

B-2

 

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

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

          (b) o Check if Transfer is pursuant to Regulation S. (i) The Transfer is being effected
pursuant to and in accordance with Rule 903 or Rule 904 under the Securities Act and in compliance
with the transfer restrictions contained in the Indenture and any applicable blue sky securities
laws of any state of the United States and (ii) the restrictions on transfer contained in the
Indenture and the Private Placement Legend are not required in order to maintain compliance with
the Securities Act. Upon consummation of the proposed Transfer in accordance with the terms of the
Indenture, the transferred beneficial interest or Definitive Note will no longer be subject to the
restrictions on transfer enumerated in the Private Placement Legend printed on the Restricted
Global Notes, on Restricted Definitive Notes and in the Indenture.

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

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

	 	 	 	 	 	 	 
	 	 	 	 	 
	 

	 	 	 	[Insert Name of Transferor]	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	Name:	 	 
	 

	 	 	 	Title:	 	 
	 
	 	 	 	 	 	 
	 

	 	Dated:	 	 	 	 
	 

	 	 	 	 

	 	 

B-3

 

ANNEX A TO CERTIFICATE OF TRANSFER

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

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

          (a) o a beneficial interest in the:

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

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

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

          (b) o a Restricted Definitive Note.

Which constitutes a beneficial interest in a Note, or a Restrictive
Definitive Note, of the following Series:

[CHECK ONE OF (A), (B) or (C)]

          (A) o 6.12% Senior Notes due 2013

          (B) o 6.82% Senior Notes due 2018

          (C) o 7.45% Senior Notes due 2038

     2. After the Transfer the Transferee will hold:

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

          (a) o a beneficial interest in the:

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

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

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

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

          (b) a Restricted Definitive Note; or

          (c) an Unrestricted Definitive Note,

          of the applicable Series in accordance with the terms of the
Indenture.

B-4

 

EXHIBIT
C

FORM OF CERTIFICATE OF EXCHANGE

Dr Pepper Snapple Group, Inc.

5301 Legacy Drive

Plano, Texas 75024

Attn: John Stewart, Executive Vice

President and Chief Financial Officer

Facsimile: (972) 673-7879

Wells Fargo Bank, N.A.

201 Main Street, Suite 301

Forth Worth, Texas 76102

Attention: Corporate Trust Department

Telecopier No.: (817) 885-8650

			
	      Re:	 	6.12% Senior Notes due 2013

6.82% Senior Notes due 2018

7.45% Senior Notes due 2038

          Reference is hereby made to the Indenture, dated April 30, 2008 (the “Indenture”), among Dr
Pepper Snapple Group, Inc., as issuer (the “Company”), the Subsidiary Guarantors party thereto and
Wells Fargo Bank, N.A., as trustee. Capitalized terms used but not defined herein shall have the
meanings given to them in the Indenture.

                                                  , (the “Owner”) owns and proposes to exchange the Note[s] of the
following Series [CIRCLE ONE] 6.12% Senior Notes due 2013, 6.82% Senior Notes due 2018 or 7.45%
Senior Notes due 2038, or interest in such Note[s] specified herein, in the principal amount of
$                     in such Note[s] or interests (the “Exchange”). In connection with the Exchange, the
Owner hereby certifies that:

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

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

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

C-1

 

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

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

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

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

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

C-2

 

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

	 	 	 	 	 	 	 
	 	 	 	 	 
	 

	 	 	 	[Insert Name of Transferor]	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	Name:	 	 
	 

	 	 	 	Title:	 	 
	 
	 	 	 	 	 	 
	 

	 	Dated:	 	 	 	 
	 

	 	 	 	 

	 	 

C-3

 

EXHIBIT
D

FORM OF CERTIFICATE FROM

ACQUIRING INSTITUTIONAL ACCREDITED INVESTOR

Dr Pepper Snapple Group, Inc.

5301 Legacy Drive

Plano, Texas 75024

Attn: John Stewart, Executive Vice

President and Chief Financial Officer

Facsimile: (972) 673-7879

Wells Fargo Bank, N.A.

201 Main Street, Suite 301

Forth Worth, Texas 76102

Attention: Corporate Trust Department

Telecopier No.: (817) 885-8650

			
	      Re:	 	6.12% Senior Notes due 2013

6.82% Senior Notes due 2018

7.45% Senior Notes due 2038

          Reference is hereby made to the Indenture, dated April 30, 2008 (the “Indenture”), among Dr
Pepper Snapple Group, Inc., as issuer (the “Company”), the Subsidiary Guarantors party thereto and
Wells Fargo Bank, N.A., as trustee. Capitalized terms used but not defined herein shall have the
meanings given to them in the Indenture.

          In connection with our proposed purchase of $                     aggregate principal amount of:

          (a) o a beneficial interest in a Global Note, or

          (b) o a Definitive Note,

          of the following Series:

          (A) o 6.12% Senior Notes due 2013

          (B) o 6.82% Senior Notes due 2018

          (C) o 7.45% Senior Notes due 2038

               we confirm that:

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

          2. We understand that the offer and sale of the Notes have not been registered under the
Securities Act, and that the Notes and any interest therein may not be offered or sold except as
permitted in the following sentence. We agree, on our own behalf and on behalf of any accounts for
which we are acting as hereinafter stated, that if we should sell the Notes or any interest
therein, we will do so only (A) to the Company or any Subsidiary of the Company, (B) pursuant to a
registration statement that has been declared effective under the

D-1

 

Securities Act, (C) for so long as the Notes are eligible for resale pursuant to Rule 144A
under the Securities Act, to a person we reasonably believe is a “qualified institutional buyer” as
defined in Rule 144A under the Securities Act that purchases for its own account or for the account
of a qualified institutional buyer to whom notice is given that the transfer is being made in
reliance on Rule 144A, (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”
within the meaning of Rule 501(a)(1), (2), (3) or (7) under the Securities Act that is an
intuitional accredited investor acquiring for its own account or the account of such an
institutional accredited investor, in each case in a minimum principal amount of the Notes of
$250,000, 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, (F) pursuant to the exemption from
registration provided by Rule 144 under the Securities Act (if available), or (G) pursuant to
another available exemption from the registration requirements of the Securities Act, subject to
the Company’s and the Trustee’s right prior to any such offer, sale or transfer pursuant to clauses
(D), (E), (F), or (G) to require the delivery of an opinion of counsel, certification and / or
other information satisfactory to each of them. We further agree to provide to any Person
purchasing the Definitive Note or beneficial interest in a Global Note from us in a transaction
meeting the requirements of clauses (C) through (G) of the foregoing sentence a notice advising
such purchaser that resales thereof are restricted as stated herein.

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

          4. We are an institutional “accredited investor” (as defined in Rule 501(a)(1), (2), (3) or
(7) of Regulation D under the Securities Act) and have such knowledge and experience in financial
and business matters as to be capable of evaluating the merits and risks of our investment in the
Notes, and we and any accounts for which we are acting are each able to bear the economic risk of
our or its investment. We have had access to such financial and other information and have been
afforded the opportunity to ask such questions of representatives of the Company and receive
answers thereto, as we deem necessary in connection with our decision to purchase the Notes.

          5. We are acquiring the Notes or beneficial interest therein purchased by us for our own
account or for one or more accounts (each of which is an institutional “accredited investor”) as to
each of which we exercise sole investment discretion and are not acquiring the Notes with a view to
any distribution thereof in a transaction that would violate the Securities Act of the securities
laws of any state of the United States or any other applicable jurisdiction.

          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. This letter shall be
governed by, and construed in accordance with, the laws of the State of New York.

	 	 	 	 	 	 	 
	 	 	 	 	 
	 

	 	 	 	[Insert Name of Accredited Investor]	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	Name:	 	 
	 

	 	 	 	Title:
	 	 

Dated:                                         

D-2

 

Exhibit E

FORM OF SUPPLEMENTAL INDENTURE TO ADD SUBSIDIARY GUARANTORS

          This Supplemental Indenture, dated as of [ ] (this “Supplemental
Indenture”), among [name of Subsidiary Guarantor(s)] (the “[Additional] Subsidiary
Guarantor[s]”),1 DR PEPPER SNAPPLE GROUP, INC. (together with its successors and
assigns, the “Company”)[, each other existing Subsidiary Guarantor under the Indenture referred to
below,] and Wells Fargo Bank, N.A., as Trustee under the Indenture referred to below.

W I T N E S S E T H:

          WHEREAS, the Company[, the existing Subsidiary Guarantors] and the Trustee have heretofore
executed and delivered an Indenture, dated April 30, 2008 (as amended, supplemented, waived or
otherwise modified, the “Indenture”), providing for the issuance $250,000,000 principal
amount of the Company’s 6.12% Senior Notes due 2013 (the “2013 Notes”), $1,200,000,000 principal
amount of the Company’s 6.82% Senior Notes due 2018 (the “2018 Notes”) and $250,000,000 principal
amount of the Company’s 7.45% Senior Notes due 2038 [insert reference to any Additional Notes or
Additional Series of Notes issued under the Indenture] (the “2038 Notes” and together with the 2013
Notes, the 2018 Notes, any Additional Notes of any Initial Series and the Notes of any Additional
Series, the “Notes”) issued under the Indenture;

          WHEREAS, Section 4.12 of the Indenture provides that the Company shall cause any Subsidiary of
the Company that Guarantees, directly or indirectly, any Indebtedness of the Company (including any
Indebtedness under any Credit Agreement) to at the same time, execute and deliver to the Trustee a
supplement to this Indenture pursuant to which such Subsidiary shall Guarantee payment of the Notes
on the same terms and conditions as those set forth in this Indenture; and

          WHEREAS, pursuant to Section 9.01(e) of the Indenture, the Trustee, the Company and the
Subsidiary Guarantors are authorized to execute and deliver this Supplemental Indenture to amend or
supplement the Indenture, without the consent of any Holder of Notes.

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

ARTICLE I

Definitions

          SECTION 1.1 Defined Terms. As used in this Supplemental Indenture, terms defined in
the Indenture or in the preamble or recital hereto are used herein as therein defined.

ARTICLE II

Agreement to be Bound; Subsidiary Guarantee

          SECTION 2.1 Agreement to be Bound. [The][Each] [Additional] Subsidiary Guarantor
hereby becomes a party to the Indenture as a Subsidiary Guarantor and as such shall have all of the
rights

 

			
	1	 	When used to initially add Subsidiary Guarantors upon
consummation of the Separation Transactions, the term “Subsidiary Guarantors”
should be used.

E-1

 

and be subject to all of the obligations and agreements of a Subsidiary Guarantor under the
Indenture. The Subsidiary Guarantor agrees to be bound by all of the provisions of the Indenture
applicable to a Subsidiary Guarantor and to perform all of the obligations and agreements of a
Subsidiary Guarantor under the Indenture.

          SECTION 2.2 Guarantee. [The][Each] [Additional] Subsidiary Guarantor hereby
unconditionally guarantees, jointly and severally with each other Subsidiary Guarantor, to each
Holder of a Note authenticated and delivered by the Trustee and the to the Trustee and its
successors and assigns, the full and punctual payment when due, whether at Stated Maturity, by
redemption, acceleration or otherwise, of the obligations of the Company under the Notes and the
other guaranteed obligations of the Company set forth in Article 10. The terms of each Subsidiary
Guarantee are more fully set forth in Article 10 of the Indenture and each Subsidiary Guarantor
agrees to be bound by such terms.

ARTICLE III

Miscellaneous

          SECTION 3.1 Notices. All notices and other communications to the Subsidiary
Guarantor shall be given as provided in the Indenture.

          SECTION 3.2 Parties. Nothing expressed or mentioned herein is intended or shall be
construed to give any Person, other than the Holders of Notes and the Trustee, any legal or
equitable right, remedy or claim under or in respect of this Supplemental Indenture or the
Indenture or any provision herein or therein contained.

          SECTION 3.3 Governing Law. THE INTERNAL LAW OF THE STATE OF NEW YORK SHALL GOVERN AND
BE USED TO CONSTRUE THIS SUPPLEMENTAL INDENTURE 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 3.4 Ratification of Indenture; Supplemental Indentures Part of Indenture.
Except as expressly amended hereby, the Indenture is in all respects ratified and confirmed and all
of the terms, conditions and provisions thereof shall remain in full force and effect. This
Supplemental Indenture shall form a part of the Indenture for all purposes, and every Holder of
Notes heretofore or hereafter authenticated and delivered shall be bound hereby.

          SECTION 3.5 Trustee not Responsible. The Trustee shall not be responsible in any
manner whatsoever for or in respect of the validity or sufficiency of this Supplemental Indenture
or for or in respect of the recitals contained herein, all of which are made solely by the Company
and the Subsidiary Guarantors.

          SECTION 3.6 Counterparts. The parties may sign any number of copies of this
Supplemental Indenture.  Each signed copy shall be an original, but all of them together shall
represent the same agreement.

          SECTION 3.7 Headings. The headings in this Supplemental Indenture have been inserted
for convenience of reference only, are not to be considered a part of this Indenture and shall in
no way modify or restrict any of the terms or provisions hereof.

          SECTION 3.8 No Adverse Interpretation of Other Agreements. This Supplemental
Indenture may not be used to interpret any other indenture, loan or debt agreement of the Company
or its Subsidiaries or of any other Person (other than the Indenture). Any such indenture, loan or
debt agreement may not be use to interpret this Supplemental Indenture or the Indenture.

E-2

 

[Signature pages follow]

E-3

 

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

	 	 	 	 	 
	 	COMPANY

DR PEPPER SNAPPLE GROUP, INC.

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	 	TRUSTEE

WELLS FARGO BANK, N.A.

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	 	[ADDITIONAL] SUBSIDIARY GUARANTOR[S]

[                                        ]

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 

E-4

 

TABLE OF CONTENTS

	 	 	 	 	 
	 	 	Page
	ARTICLE 1. DEFINITIONS AND INCORPORATION BY REFERENCE
	 	 	1	 
	Section 1.01. Definitions.
	 	 	1	 
	Section 1.02. Other Definitions
	 	 	12	 
	Section 1.03. Incorporation by Reference of Trust Indenture Act
	 	 	12	 
	Section 1.04. Rules of Construction
	 	 	13	 
	ARTICLE 2. THE NOTES
	 	 	13	 
	Section 2.01. Form and Dating
	 	 	13	 
	Section 2.02. Execution and Authentication
	 	 	15	 
	Section 2.03. Registrar and Paying Agent
	 	 	15	 
	Section 2.04. Paying Agent to Hold Money in Trust
	 	 	16	 
	Section 2.05. Holder Lists
	 	 	16	 
	Section 2.06. Transfer and Exchange
	 	 	16	 
	Section 2.07. Replacement Notes
	 	 	28	 
	Section 2.08. Outstanding Notes
	 	 	28	 
	Section 2.09. Treasury Notes
	 	 	28	 
	Section 2.10. Temporary Notes
	 	 	28	 
	Section 2.11. Cancellation
	 	 	29	 
	Section 2.12. Payment of Interest; Defaulted Interest.
	 	 	29	 
	Section 2.13. CUSIP or ISIN Numbers
	 	 	29	 
	Section 2.14. Additional Interest.
	 	 	29	 
	Section 2.15. Further Issuances
	 	 	30	 
	Section 2.16. Record Date
	 	 	32	 
	ARTICLE 3. REDEMPTION AND PREPAYMENT
	 	 	32	 
	Section 3.01. Notices to Trustee
	 	 	32	 
	Section 3.02. Selection of Notes to Be Redeemed
	 	 	32	 
	Section 3.03. Notice of Redemption
	 	 	32	 
	Section 3.04. Effect of Notice of Redemption
	 	 	33	 
	Section 3.05. Deposit of Redemption Price
	 	 	33	 
	Section 3.06. Notes Redeemed in Part
	 	 	34	 
	Section 3.07. Optional Redemption
	 	 	34	 
	Section 3.08. Special Mandatory Redemption
	 	 	34	 
	Section 3.09. Offer To Purchase.
	 	 	35	 
	ARTICLE 4. COVENANTS
	 	 	37	 
	Section 4.01. Payment of Notes
	 	 	37	 

i

 

TABLE OF CONTENTS

(continued)

	 	 	 	 	 
	 	 	Page
	Section 4.02. Maintenance of Office or Agency
	 	 	37	 
	Section 4.03. Reports
	 	 	38	 
	Section 4.04. Compliance Certificate
	 	 	38	 
	Section 4.05. Taxes
	 	 	38	 
	Section 4.06. Stay, Extension and Usury Laws
	 	 	38	 
	Section 4.07. Corporate Existence
	 	 	39	 
	Section 4.08. Payments for Consent
	 	 	39	 
	Section 4.09. Limitation on Secured Indebtedness.
	 	 	39	 
	Section 4.10. Limitation on Sale and Leaseback Transactions
	 	 	40	 
	Section 4.11. Repurchase at the Option of Holders Upon a Change of Control
	 	 	41	 
	Section 4.12. Future Subsidiary Guarantors
	 	 	41	 
	ARTICLE 5. SUCCESSORS
	 	 	42	 
	Section 5.01. Consolidation, Merger or Sale of Assets
	 	 	42	 
	ARTICLE 6. DEFAULTS AND REMEDIES
	 	 	42	 
	Section 6.01. Events of Default
	 	 	42	 
	Section 6.02. Acceleration
	 	 	44	 
	Section 6.03. Other Remedies
	 	 	44	 
	Section 6.04. Waiver of Defaults
	 	 	44	 
	Section 6.05. Control by Majority
	 	 	44	 
	Section 6.06. Limitation on Suits
	 	 	45	 
	Section 6.07. Rights of Holders to Receive Payment
	 	 	45	 
	Section 6.08. Collection Suit by Trustee
	 	 	45	 
	Section 6.09. Trustee May File Proofs of Claim
	 	 	45	 
	Section 6.10. Priorities
	 	 	46	 
	Section 6.11. Undertaking for Costs
	 	 	46	 
	ARTICLE 7. TRUSTEE
	 	 	46	 
	Section 7.01. Duties of Trustee.
	 	 	46	 
	Section 7.02. Rights of Trustee
	 	 	47	 
	Section 7.03. Individual Rights of Trustee
	 	 	48	 
	Section 7.04. Trustee’s Disclaimer
	 	 	48	 
	Section 7.05. Notice of Defaults
	 	 	48	 
	Section 7.06. Reports by Trustee to Holders
	 	 	48	 
	Section 7.07. Compensation and Indemnity
	 	 	48	 
	Section 7.08. Replacement of Trustee
	 	 	49	 

ii 

 

TABLE OF CONTENTS

(continued)

	 	 	 	 	 
	 	 	Page
	Section 7.09. Successor Trustee by Merger, etc.
	 	 	50	 
	Section 7.10. Eligibility; Disqualification.
	 	 	50	 
	Section 7.11. Preferential Collection of Claims Against Company.
	 	 	50	 
	ARTICLE 8. LEGAL DEFEASANCE AND COVENANT DEFEASANCE
	 	 	51	 
	Section 8.01. Option to Effect Legal Defeasance or Covenant Defeasance
	 	 	51	 
	Section 8.02. Legal Defeasance and Discharge
	 	 	51	 
	Section 8.03. Covenant Defeasance
	 	 	51	 
	Section 8.04. Conditions to Legal or Covenant Defeasance
	 	 	52	 
	Section 8.05. Deposited Cash and U.S. Government Notes to be Held in Trust; Other
Miscellaneous Provisions
	 	 	53	 
	Section 8.06. Repayment to Company
	 	 	53	 
	Section 8.07. Reinstatement
	 	 	53	 
	ARTICLE 9. AMENDMENT, SUPPLEMENT AND WAIVER
	 	 	53	 
	Section 9.01. Without Consent of Holders of Notes
	 	 	53	 
	Section 9.02. With Consent of Holders of Notes
	 	 	54	 
	Section 9.03. Compliance with Trust Indenture Act
	 	 	55	 
	Section 9.04. Revocation and Effect of Consents
	 	 	55	 
	Section 9.05. Notation on or Exchange of Notes
	 	 	55	 
	Section 9.06. Trustee to Sign Amendments, etc.
	 	 	55	 
	ARTICLE 10. GUARANTEES
	 	 	56	 
	Section 10.01. Subsidiary Guarantee
	 	 	56	 
	Section 10.02. Limitation on Subsidiary Guarantor Liability
	 	 	57	 
	Section 10.03. Execution and Delivery of Supplemental Indenture
	 	 	57	 
	Section 10.04. Subsidiary Guarantors May Consolidate, etc., on Certain Terms
	 	 	57	 
	Section 10.05. Releases Following Certain Events
	 	 	58	 
	ARTICLE 11. SATISFACTION AND DISCHARGE
	 	 	58	 
	Section 11.01. Satisfaction and Discharge
	 	 	58	 
	Section 11.02. Deposited Cash and U.S. Government Notes to be Held in Trust; Other
Miscellaneous Provisions
	 	 	59	 
	ARTICLE 12.MISCELLANEOUS
	 	 	59	 
	Section 12.01. Trust Indenture Act Controls
	 	 	60	 
	Section 12.02. Notices
	 	 	60	 
	Section 12.03. Communication by Holders of Notes with Other Holders of Notes
	 	 	61	 
	Section 12.04. Certificate and Opinion as to Conditions Precedent
	 	 	61	 

iii 

 

TABLE OF CONTENTS

(continued)

	 	 	 	 	 
	 	 	Page
	Section 12.05. Statements Required in Certificate or Opinion
	 	 	61	 
	Section 12.06. Rules by Trustee and Agents
	 	 	62	 
	Section 12.07. No Personal Liability of Directors, Officers, Employees and
Stockholders
	 	 	62	 
	Section 12.08. Governing Law
	 	 	62	 
	Section 12.09. No Adverse Interpretation of Other Agreements
	 	 	62	 
	Section 12.10. Successors
	 	 	62	 
	Section 12.11. Severability
	 	 	62	 
	Section 12.12. Counterpart Originals
	 	 	62	 
	Section 12.13. Table of Contents, Headings, etc.
	 	 	62	 
	Section 12.14. Qualification of this Indenture.
	 	 	62	 

iv 

 

CROSS-REFERENCE TABLE

	 	 	 
	   TIA Section	 	Indenture
	   Reference	 	Section
	310(a)(1)
	 	7.10
	(a)(2)
	 	7.10
	(a)(3)
	 	N.A.
	(a)(4)
	 	N.A.
	(a)(5)
	 	7.10
	(b)
	 	7.10
	(c)
	 	N.A.
	311(a)
	 	7.11
	(b)
	 	7.11
	(c)
	 	N.A.
	312(a)
	 	2.05
	(b)
	 	12.03
	(c)
	 	12.03
	313(a)
	 	7.06
	(b)(1)
	 	N.A.
	(b)(2)
	 	7.06
	(c)
	 	7.06, 12.02
	(d)
	 	7.06
	314(a)
	 	4.03, 4.04, 12.05
	(b)
	 	N.A.
	(c)(1)
	 	N.A
	(c)(2)
	 	N.A
	(c)(3)
	 	N.A.
	(d)
	 	N.A.
	(e)
	 	12.05
	315(a)
	 	N.A
	(b)
	 	7.05
	(c)
	 	N.A
	(d)
	 	N.A
	(e)
	 	N.A
	316(a) (last sentence)
	 	N.A
	(a)(1)(A)
	 	N.A
	(a)(1)(B)
	 	N.A
	(a)(2)
	 	N.A.
	(b)
	 	N.A
	317(a)(1)
	 	N.A
	(a)(2)
	 	N.A
	(b)
	 	N.A
	318(a)
	 	N.A

 

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

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00141-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00141-of-00352.parquet"}]]