Document:

Exhibit
      4.2

     

    
      

      

    

    NEWCASTLE
      INVESTMENT CORP.

     

    ----------

     

    INDENTURE

     

    Dated
      as of

    _________
      __, ____

     

    ----------

    LASALLE
      BANK NATIONAL ASSOCIATION

     

    Trustee

     

     

     

    
      

      

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    TABLE
      OF CONTENTS*

    PAGE

    ARTICLE
      I

     

    DEFINITIONS

     

    
      	
              Section
                1.01

            	
              Definitions.

            	
              1

            

    

     

    ARTICLE
      II

     

    FORMS
      OF SECURITIES

     

    
      	
              Section
                2.01

            	
              Terms
                of the Securities

            	
              11

            

    

    
      	
              Section
                2.02

            	
              Form
                of Trustee’s Certificate of Authentication

            	
              11

            
	
              Section
                2.03

            	Form of
              Trustee’s
              Certificate of Authentication by an Authenticating Agent 	
              12

            

    

     

    ARTICLE
      III

     

    THE
      DEBT SECURITIES

     

    
      	
              Section
                3.01

            	
              Amount
                Unlimited; Issuable in Series

            	
              13

            

    

    
      	
              Section
                3.02

            	
              Denominations

            	
              15

            

    

    
      	
              Section
                3.03

            	
              Execution,
                Authentication, Delivery and Dating

            	
              15

            

    

    
      	
              Section
                3.04

            	
              Temporary
                Securities

            	
              17

            

    

    
      	
              Section
                3.05

            	
              Registrar
                and Paying Agent

            	
              18

            

    

    
      	
              Section
                3.06

            	
              Transfer
                and Exchange

            	
              18

            

    

    
      	
              Section
                3.07

            	
              Mutilated,
                Destroyed, Lost and Stolen Securities

            	
              22

            

    

    
      	
              Section
                3.08

            	
              Payment
                of Interest; Interest Rights Preserved

            	
              23

            

    

    
      	
              Section
                3.09

            	
              Cancellation

            	
              24

            

    

    
      	
              Section
                3.10

            	
              Computation
                of Interest

            	
              24

            

    

    
      	
              Section
                3.11

            	
              Currency
                of Payments in Respect of Securities

            	
              25

            

    

    
      	
              Section
                3.12

            	
              Judgments

            	
              25

            

    

    
      	
              Section
                3.13

            	
              CUSIP
                Numbers

            	
              26

            

    

     

    ARTICLE
      IV

     

    REDEMPTION
      OF SECURITIES

     

    
      	
              Section
                4.01

            	
              Applicability
                of Right of Redemption

            	
              26

            

    

     

    __________________

    
      	
              *

            	
              The
                Table of Contents is not a part of the
                Indenture.

            

    

     

    
      
         

      

      
        i

        
          

        

      

      
         

      

    

     

    
      	Section
              4.02 	Selection
              of Securities to
              be Redeemed	
              26

            
	
              Section
                4.03

            	
              Notice
                of Redemption

            	
              27

            

    

    
      	
              Section
                4.04

            	
              Deposit
                of Redemption Price

            	
              27

            

    

    
      	
              Section
                4.05

            	
              Securities
                Payable on Redemption Date

            	
              27

            

    

    
      	
              Section
                4.06

            	
              Securities
                Redeemed in Part

            	
              28

            

    

     

    ARTICLE
      V

     

    SINKING
      FUNDS

     

    
      	
              Section
                5.01

            	
              Applicability
                of Sinking Fund

            	
              28

            

    

    
      	
              Section
                5.02

            	
              Mandatory
                Sinking Fund Obligation

            	
              29

            

    

    
      	
              Section
                5.03

            	
              Optional
                Redemption at Sinking Fund Redemption
                Price

            	
              29

            

    

    
      	
              Section
                5.04

            	
              Application
                of Sinking Fund Payment

            	
              29

            

    

     

    ARTICLE
      VI

     

    PARTICULAR
      COVENANTS OF THE COMPANY

     

    
      	
              Section
                6.01

            	
              Payments
                of Securities

            	
              30

            

    

    
      	
              Section
                6.02

            	
              Paying
                Agent

            	
              30

            

    

    
      	
              Section
                6.03

            	
              To
                Hold Payment in Trust

            	
              31

            

    

    
      	
              Section
                6.04

            	
              Merger,
                Consolidation and Sale of Assets

            	
              32

            

    

    
      	
              Section
                6.05

            	
              Compliance
                Certificate

            	
              33

            

    

    
      	
              Section
                6.06

            	
              Conditional
                Waiver by Holders of Securities

            	
              33

            

    

    
      	
              Section
                6.07

            	
              Statement
                by Officers as to Default

            	
              34

            

    

     

    ARTICLE
      VII

     

    REMEDIES
      OF TRUSTEE AND SECURITYHOLDERS

     

    
      	
              Section
                7.01

            	
              Events
                of Default

            	
              34

            

    

    
      	
              Section
                7.02

            	
              Acceleration;
                Recission and Annulment

            	
              36

            

    

    
      	
              Section
                7.03

            	
              Other
                Remedies

            	
              37

            

    

    
      	
              Section
                7.04

            	
              Trustee
                as Attorney-in-Fact

            	
              38

            

    

    
      	
              Section
                7.05

            	
              Priorities

            	
              38

            

    

    
      	
              Section
                7.06

            	
              Control
                by Securityholders; Waiver of Past Defaults

            	
              39

            

    

    
      	
              Section
                7.07

            	
              Limitation
                on Suits

            	
              39

            

    

    
      	
              Section
                7.08

            	
              Undertaking
                for Costs

            	
              40

            

    

    
      	
              Section
                7.09

            	
              Remedies
                Cumulative

            	
              40

            

    

     

    ARTICLE
      VIII

     

    CONCERNING
      THE SECURITYHOLDERS

    
      	
              Section
                8.01

            	
              Evidence
                of Action of Securityholders

            	
              41

            

    

    
      	
              Section
                8.02

            	
              Proof
                of Execution or Holding of Securities

            	
              41

            

    

     

    
      
        
        

      

      
        ii

        
          

        

      

      
        
        

      

    

     

    
    

    
      	
              Section
                8.03

            	
              Persons
                Deemed Owners

            	
              42

            

    

    
      	
              Section
                8.04

            	
              Effect
                of Consents

            	
              42

            

    

     

    ARTICLE
      IX

     

    SECURITYHOLDERS’
MEETINGS

     

    
      	
              Section
                9.01

            	
              Purposes
                of Meetings

            	
              42

            

    

    
      	
              Section
                9.02

            	
              Call
                of Meetings by Trustee

            	
              43

            

    

    
      	
              Section
                9.03

            	
              Call
                of Meetings by Company or Securityholders

            	
              43

            

    

    
      	
              Section
                9.04

            	
              Qualifications
                for Voting

            	
              43

            

    

    
      	
              Section
                9.05

            	
              Regulation
                of Meetings

            	
              43

            

    

    
      	
              Section
                9.06

            	
              Voting

            	
              44

            

    

    
      	
              Section
                9.07

            	
              No
                Delay of Rights by Meeting

            	
              44

            

    

     

    ARTICLE
      X

     

    REPORTS
      BY THE COMPANY AND THE TRUSTEE AND

    SECURITYHOLDERS’
LISTS

     

    
      	
              Section
                10.01

            	
              Reports
                by Trustee

            	
              45

            

    

    
      	
              Section
                10.02

            	
              Reports
                by the Company

            	
              45

            

    

    
      	
              Section
                10.03

            	
              Securityholders’
Lists

            	
              45

            

    

     

    ARTICLE
      XI

     

    CONCERNING
      THE TRUSTEE

     

    
      	
              Section
                11.01

            	
              Rights
                of Trustees; Compensation and Indemnity

            	
              46

            

    

    
      	
              Section
                11.02

            	
              Duties
                of Trustee

            	
              48

            

    

    
      	
              Section
                11.03

            	
              Notice
                of Defaults

            	
              49

            

    

    
      	
              Section
                11.04

            	
              Eligibility;
                Disqualification

            	
              50

            

    

    
      	
              Section
                11.05

            	
              Registration
                and Notice; Removal

            	
              50

            

    

    
      	
              Section
                11.06

            	
              Successor
                Trustee by Appointment

            	
              51

            

    

    
      	
              Section
                11.07

            	
              Successor
                Trustee by Merger

            	
              52

            

    

    
      	
              Section
                11.08

            	
              Right
                to Rely on Officer’s Certificate

            	
              53

            

    

    
      	
              Section
                11.09

            	
              Appointment
                of Authenticating Agent

            	
              53

            

    

    
      	
              Section
                11.10

            	
              Communications
                by Securityholders with Other
                Securityholders

            	
              54

            

    

     

    ARTICLE
      XII

     

    SATISFACTION
      AND DISCHARGE; DEFEASANCE

     

    
      	
              Section
                12.01

            	
              Applicability
                of Article

            	
              54

            

    

    
      	
              Section
                12.02

            	
              Satisfaction
                and Discharge of Indenture

            	
              55

            

    

    
      	
              Section
                12.03

            	
              Defeasance
                upon Deposit of Moneys or U.S Government
                Obligations

            	
              56

            

    

     

    
      
        
        

      

      
        iii

        
          

        

      

      
        
        

      

    

     

    
    

    
      	
              Section
                12.04

            	
              Repayment
                to Company

            	
              57

            

    

    
      	
              Section
                12.05

            	
              Indemnity
                for U.S. Government Obligations

            	
              57

            

    

    
      	
              Section
                12.06

            	
              Deposits
                to Be Held in Escrow

            	
              57

            

    

    
      	
              Section
                12.07

            	
              Application
                of Trust Money

            	
              58

            

    

    
      	
              Section
                12.08

            	
              Deposits
                of Non-U.S. Currencies

            	
              58

            

    

     

    ARTICLE
      XIII

     

    IMMUNITY
      OF CERTAIN PERSONS

     

    
      	
              Section
                13.01

            	
              No
                Personal Liability

            	
              58

            

    

     

    ARTICLE
      XIV

     

    SUPPLEMENTAL
      INDENTURES

     

    
      	
              Section
                14.01

            	
              Without
                Consent of Securityholders

            	
              59

            

    

    
      	
              Section
                14.02

            	
              With
                Consent of Securityholders; Limitations

            	
              61

            

    

    
      	
              Section
                14.03

            	
              Trustee
                Protected

            	
              62

            

    

    
      	
              Section
                14.04

            	
              Effect
                of Execution of Supplemental Indenture

            	
              62

            

    

    
      	
              Section
                14.05

            	
              Notation
                on or Exchange of Securities

            	
              63

            

    

    
      	
              Section
                14.06

            	
              Conformity
                with TIA

            	
              63

            

    

     

    ARTICLE
      XV

     

    SUBORDINATION
      OF SECURITIES

     

    
      	
              Section
                15.01

            	
              Agreement
                to Subordinate

            	
              63

            
	
              Section
                15.02

            	Distribution
              on
              Dissolution, Liquidation and Reorganization; Subrogation of
              Securities 	
              63

            

    

    
      	
              Section
                15.03

            	
              No
                Payment on Securities in Event of Default on Senior
                Indebtedness

            	
              65

            

    

    
      	
              Section
                15.04

            	
              Payments
                on Securities Permitted

            	
              65

            

    

    
      	
              Section
                15.05

            	
              Authorization
                of Securityholders to Trustee to Effect
                Subordination

            	
              65

            

    

    
      	
              Section
                15.06

            	
              Notices
                to Trustee

            	
              65

            

    

    
      	
              Section
                15.07

            	
              Trustee
                as Holder of Senior Indebtedness

            	
              66

            

    

    
      	
              Section
                15.08

            	
              Modifications
                of Terms of Senior Indebtedness

            	
              66

            

    

    
      	
              Section
                15.09

            	
              Reliance
                on Judicial Order or Certificate of Liquidating
                Agent

            	
              67

            

    

    
      	
              Section
                15.10

            	
              Satisfaction
                and Discharge; Defeasance and Covenant
                Defeasance

            	
              67

            

    

    
      	
              Section
                15.11

            	
              Trustee
                Not Fiduciary for Holders of Senior
                Indebtedness

            	
              67

            

    

     

    ARTICLE
      XVI

     

    MISCELLANEOUS
      PROVISIONS

     

    
      	
              Section
                16.01

            	
              Certificates
                and Opinions as to Conditions
                Precedent

            	
              67

            

    

    
      	
              Section
                16.02

            	
              Trust
                Indenture Act Controls

            	
              68

            

    

    
      
        
        

      

      
        iv

        
          

        

      

      
        
        

      

       

    

    
    

    
      	
              Section
                16.03

            	
              Notices
                to the Company and Trustee

            	
              69

            

    

    
      	
              Section
                16.04

            	
              Notices
                to Securityholders; Waiver

            	
              69

            

    

    
      	
              Section
                16.05

            	
              Legal
                Holiday

            	
              69

            

    

    
      	
              Section
                16.06

            	
              Effects
                of Headings and Table of Contents

            	
              70

            

    

    
      	
              Section
                16.07

            	
              Successors
                and Assigns

            	
              70

            

    

    
      	
              Section
                16.08

            	
              Separability
                Clause

            	
              70

            

    

    
      	
              Section
                16.09

            	
              Benefits
                of Indenture

            	
              70

            

    

    
      	
              Section
                16.10

            	
              Counterparts
                Originals

            	
              70

            

    

    
      	
              Section
                16.11

            	
              Governing
                Law; Waiver of Trial by Jury

            	
              70

            

    

     

    
      
        
        

      

      
        v

        
          

        

      

      
        
        

      

    

    
    

    INDENTURE
      dated as of _________ __, ____, among Newcastle Investment
      Corp., a Maryland corporation (the “Company”), and LaSalle Bank National
      Association, as trustee (the “Trustee”).

    WITNESSETH:

    WHEREAS,
      the Company has duly authorized the execution and delivery of
      this Indenture to provide for the issuance of unsecured debentures, notes,
      bonds
      or other evidences of indebtedness (the “Securities”) in an unlimited aggregate
      principal amount to be issued from time to time in one or more series as
      provided in this Indenture; and

    WHEREAS,
      all things necessary to make this Indenture a valid agreement of
      the Company, in accordance with its terms, have been done.

    NOW,
      THEREFORE, THIS INDENTURE WITNESSETH: 

    That,
      in consideration of the premises and the purchase of the Securities
      by the Holders thereof for the equal and proportionate benefit of all of the
      present and future Holders of the Securities, each party agrees and covenants
      as
      follows:

    ARTICLE
      I

     

    DEFINITIONS

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

    (a)          the
      terms defined in this Article have the meanings assigned to them in
      this Article and include the plural as well as the singular;

    (b)          all
      terms used herein without definition which are defined in the Trust
      Indenture Act, either directly or by reference therein, have the meanings
      assigned to them therein; and

    (c)          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.

    (d)          References
      to “Article” or “Section” or other subdivision herein are
      references to an Article, Section or other subdivision of the Indenture, unless
      the context otherwise requires.

    
      	
               

            	
              Section
                1.01

            	
              Definitions.

            

    

    (a)       Unless
      otherwise defined in this Indenture or the context otherwise requires, all
      terms
      used herein shall have the meanings assigned to them in the Trust Indenture
      Act.

    (b)       Unless
      the context otherwise requires, the terms defined in this Section 1.01(b) shall
      for all purposes of this Indenture have the meanings hereinafter set forth,
      the
following definitions to be equally applicable to both
      the
      singular and the plural forms of any of the terms herein defined:

    
       

      
        
           

        

        
          1

          
            

          

        

        
           

        

      

    

    Affiliate:

    The
      term “Affiliate,” with respect to any specified Person shall mean any
      other Person directly or indirectly controlling or controlled by or under direct
      or indirect common control with such specified Person. For the purposes of
      this
      definition, “control” when used with respect to any specified Person means the
      power to direct the management and policies of such Person, directly or
      indirectly, whether through the ownership of voting securities, by contract
      or
      otherwise; and the terms “controlling” and “controlled” have meanings
      correlative to the foregoing.

    Authenticating
      Agent:

    The
      term “Authenticating Agent” shall have the meaning assigned to it in
      Section 11.09.

    Board
      of Directors:

    The
      term “Board of Directors” shall mean either the board of directors of
      the Company or the executive or any other committee of that board duly
      authorized to act in respect hereof.

    Board
      Resolution:

    The
      term “Board Resolution” shall mean a copy of a resolution or
      resolutions certified by the Secretary or an Assistant Secretary of the Company
      to have been duly adopted by the Board of Directors (or by a committee of the
      Board of Directors to the extent that any such other committee has been
      authorized by the Board of Directors to establish or approve the matters
      contemplated) and to be in full force and effect on the date of such
      certification and delivered to the Trustee.

    Business
      Day:

    The
      term “Business Day,” when used with respect to any Place of Payment
      or any other particular location referred to in this Indenture or in the
      Securities, shall mean each Monday, Tuesday, Wednesday, Thursday and Friday
      which is not a day on which banking institutions in that Place of Payment or
      other location are authorized or obligated by law or executive order to close.
      

    Capital
      Stock:

    The
      term “Capital Stock” shall mean:

    
      	
               

            	
              (a)

            	
              in
                the case of a corporation, corporate
                stock;

            

    

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

     

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

    
    

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

    (d)       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, but excluding from all of the foregoing any debt securities convertible
      into Capital Stock, whether or not such debt securities include any right of
      participation with Capital Stock.

    Code:

    The
      term “Code” shall mean the Internal Revenue Code of 1986 as in effect
      on the date hereof.

    Company:

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

    Company
      Order:

    The
      term “Company Order” shall mean a written order signed in the name of
      the Company by the Chairman, President, Executive Vice President, Senior Vice
      President, Treasurer, Assistant Treasurer, Controller, Assistant Controller,
      Secretary or Assistant Secretary of the Company, and delivered to the
      Trustee.

    Corporate
      Trust Office:

    The
      term “Corporate Trust Office,” or other similar term, shall mean the
      principal office of the Trustee at which at any particular time its corporate
      trust business shall be administered, which office at the date hereof is located
      at LaSalle Bank National Association, Attention: Corporate Trust Services
      Division, 135 South LaSalle Street, Suite 1560, Chicago, IL 60603, or such
      other
      address as the Trustee may designate from time to time by notice to the Holders
      and the Company, or the principal corporate trust officer of any successor
      Trustee (or such other address as such successor Trustee may designate from
      time
      to time by notice to the Holders and the Company).

    Currency:

    The
      term “Currency” shall mean U.S. Dollars or Foreign
      Currency.

    Default:

    The
      term “Default” shall have the meaning assigned to it in Section
      11.03.

     

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

       

    

    
    

    Defaulted
      Interest:

    The
      term “Defaulted Interest” shall have the same meaning assigned to it
      in Section 3.08(b).

    Depositary:

    The
      term “Depositary” shall mean, with respect to the Securities of any
      series issuable in whole or in part in the form of one or more Global
      Securities, the Person designated as Depositary by the Company pursuant to
      Section 3.01 until a successor Depositary shall have become such pursuant to
      the
      applicable provisions of this Indenture, and thereafter “Depositary” shall mean
      or include each Person who is then a Depositary hereunder, and if at any time
      there is more than one such Person, “Depositary” as used with respect to the
      Securities of any such series shall mean the Depositary with respect to the
      Securities of that series.

    Designated
      Currency:

    The
      term “Designated Currency” shall have the same meaning assigned to it
      in Section 3.12.

    Discharged:

    The
      term “Discharged” shall have the meaning assigned to it in Section
      12.03.

    Event
      of Default:

    The
      term “Event of Default” shall have the meaning specified in Section
      7.01.

    Exchange
      Act:

    The
      term “Exchange Act” shall mean the Securities Exchange Act of 1934,
      as amended.

    Exchange
      Rate:

    The
      term “Exchange Rate” shall have the meaning assigned to it in Section
      7.01.

    Floating
      Rate Security:

    The
      term “Floating Rate Security” shall mean a Security that provides for
      the payment of interest at a variable rate determined periodically by reference
      to an interest rate index specified pursuant to Section 3.01.

    Foreign
      Currency:

    The
      term “Foreign Currency” shall mean a currency issued by the
      government of any country other than the United States or a composite currency,
      the value of which is determined by reference to the values of the currencies
      of
      any group of countries.

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

    

    
    

    GAAP:

    The
      term “GAAP,” with respect to any computation required or permitted
      hereunder, shall mean generally accepted accounting principles in effect in
      the
      United States as in effect from time to time, including, without limitation,
      those set forth in the opinions and pronouncements of the Accounting Principles
      Board of the American Institute of Certified Public Accountants and statements
      and pronouncements of the Financial Accounting Standards Board or in such other
      statements by such other entity as approved by a significant segment of the
      accounting profession.

    Global
      Security:

    The
      term “Global Security” shall mean any Security that evidences all or
      part of a series of Securities, issued in fully-registered certificated form
      to
      the Depositary for such series in accordance with Section 3.03 and bearing
      the
      legend prescribed in Section 3.03(g).

    Holder;
      Holder of Securities:

    The
      terms “Holder” and “Holder of Securities” are defined under
“Securityholder; Holder of Securities; Holder.”

    Indebtedness:

    The
      term “Indebtedness” shall mean any and all obligations of a Person
      for money borrowed which, in accordance with GAAP, would be reflected on the
      balance sheet of such Person as a liability on the date as of which Indebtedness
      is to be determined.

    Indenture:

    The
      term “Indenture” or “this Indenture” shall mean this instrument and
      all indentures supplemental hereto.

    Interest:

    The
      term “interest” shall mean, with respect to an Original Issue
      Discount Security that by its terms bears interest only after Maturity, interest
      payable after Maturity.

    Interest
      Payment Date:

    The
      term “Interest Payment Date” shall mean, with respect to any
      Security, the Stated Maturity of an installment of interest on such
      Security.

    Mandatory
      Sinking Fund Payment:

    The
      term “Mandatory Sinking Fund Payment” shall have the meaning assigned
      to it in Section 5.01.

    
      
        
        

      

      
        5

        
          

        

      

      
        
        

      

    

    
    

    Maturity:

    The
      term “Maturity,” with respect to any Security, shall mean the date on
      which the principal of such Security shall become due and payable as therein
      and
      herein provided, whether by declaration, call for redemption or
      otherwise.

    Members:

    The
      term “Members” shall have the meaning assigned to it in Section
      3.03(i).

    Officer’s
      Certificate:

    The
      term “Officer’s Certificate” shall mean a certificate signed by any
      of the Chairman of the Board of Directors, the President or a Vice President,
      Treasurer, an Assistant Treasurer, the Controller, the Secretary or an Assistant
      Secretary of the Company and delivered to the Trustee. Each such certificate
      shall include the statements provided for in Section 16.01 if and to the extent
      required by the provisions of such Section.

    Opinion
      of Counsel:

    The
      term “Opinion of Counsel” shall mean an opinion in writing signed by
      legal counsel, who may be an employee of or of counsel to the Company, or may
      be
      other counsel reasonably satisfactory to the Trustee that meets the requirements
      provided for in Section 16.01.

    Optional
      Sinking Fund Payment:

    The
      term “Optional Sinking Fund Payment” shall have the meaning assigned
      to it in Section 5.01.

    Original
      Issue Discount Security:

    The
      term “Original Issue Discount Security” shall mean any Security that
      is issued with “original issue discount” within the meaning of Section 1273(a)
      of the Code and the regulations thereunder and any other Security designated
      by
      the Company as issued with original issue discount for United States federal
      income tax purposes.

    Outstanding:

    The
      term “Outstanding,” when used with respect to Securities means, as of
      the date of determination, all Securities theretofore authenticated and
      delivered under this Indenture, except:

    (a)        Securities
      theretofore canceled by the Trustee or delivered to the
      Trustee for cancellation;

    (b)       Securities
      or portions thereof for which payment or redemption money in
      the necessary amount has been theretofore deposited with the Trustee or any
      Paying Agent (other than the Company) in trust or set aside and segregated
      in
      trust by the Company (if the Company shall act as its own Paying Agent) for
      the
      Holders of such Securities or Securities as to which the
      Company’s obligations have been Discharged; provided, however, that if such
      Securities or portions thereof are to be redeemed, notice of such redemption
      has
      been duly given pursuant to this Indenture or provision therefor satisfactory
      to
      the Trustee has been made; and

    
      
        
        

      

      
        6

        
          

        

      

      
        
        

      

    

    (c)       Securities
      that have been paid pursuant to Section 3.07(b) or in exchange
      for or in lieu of which other Securities have been authenticated and delivered
      pursuant to this Indenture, other than any such Securities in respect of which
      there shall have been presented to a Responsible Officer of the Trustee proof
      satisfactory to it that such Securities are held by a protected purchaser in
      whose hands such Securities are valid obligations of the Company;

    provided,
      however, that in determining whether the Holders of the
      requisite principal amount of Securities Outstanding have performed any action
      hereunder, Securities owned by the Company or any other obligor upon the
      Securities or any Affiliate of the Company or of such other obligor shall be
      disregarded and deemed not to be Outstanding, except that, in determining
      whether the Trustee shall be protected in relying upon any such action, only
      Securities that a Responsible Officer of the Trustee actually knows to be so
      owned shall be so disregarded. Securities so owned that have been pledged in
      good faith may be regarded as Outstanding if the pledgee establishes to the
      satisfaction of the Trustee the pledgee’s right to act with respect to such
      Securities and that the pledgee is not the Company or any other obligor upon
      the
      Securities or any Affiliate of the Company or of such other obligor. In
      determining whether the Holders of the requisite principal amount of Outstanding
      Securities have performed any action hereunder, the principal amount of an
      Original Issue Discount Security that shall be deemed to be Outstanding for
      such
      purpose shall be the amount of the principal thereof that would be due and
      payable as of the date of such determination upon a declaration of acceleration
      of the Maturity thereof pursuant to Section 7.02 and the principal amount of
      a
      Security denominated in a Foreign Currency that shall be deemed to be
      Outstanding for such purpose shall be the amount calculated pursuant to Section
      3.11(b).

    Paying
      Agent:

    The
      term “Paying Agent” shall have the meaning assigned to it in Section
      6.02(a).

    Person:

    The
      term “Person” shall mean an individual, a corporation, a limited
      liability company, a partnership, an association, a joint stock company, a
      trust, an unincorporated organization or a government or an agency or political
      subdivision thereof.

    Place
      of Payment:

    The
      term “Place of Payment” shall mean, when used with respect to the
      Securities of any series, the place or places where the principal of and
      premium, if any, and interest on the Securities of that series are payable
      as
      specified pursuant to Section 3.01.

    
      
        
        

      

      
        7

        
          

        

      

      
        
        

      

    

    
    

    Predecessor
      Security:

    The
      term “Predecessor Security” shall mean, with respect to any Security,
      every previous Security evidencing all or a portion of the same debt as that
      evidenced by such particular Security, and, for the purposes of this definition,
      any Security authenticated and delivered under Section 3.07 in lieu of a lost,
      destroyed or stolen Security shall be deemed to evidence the same debt as the
      lost, destroyed or stolen Security.

    Record
      Date:

    The
      term “Record Date” shall mean, with respect to any interest payable
      on any Security on any Interest Payment Date, the close of business on any
      date
      specified in such Security for the payment of interest pursuant to Section
      3.01.

    Redemption
      Date:

    The
      term “Redemption Date” shall mean, when used with respect to any
      Security to be redeemed, in whole or in part, the date fixed for such redemption
      by or pursuant to this Indenture and the terms of such Security, which, in
      the
      case of a Floating Rate Security, unless otherwise specified pursuant to Section
      3.01, shall be an Interest Payment Date only.

    Redemption
      Price:

    The
      term “Redemption Price,” when used with respect to any Security to be
      redeemed, in whole or in part, shall mean the price at which it is to be
      redeemed pursuant to the terms of the Security and this Indenture.

    Register:

    The
      term “Register” shall have the meaning assigned to it in Section
      3.05(a).

    Registrar:

    The
      term “Registrar” shall have the meaning assigned to it in Section
      3.05(a).

    Responsible
      Officers:

    The
      term “Responsible Officers” of the Trustee hereunder shall mean any
      vice president, any assistant vice president, any trust officer, any assistant
      trust officer or any other officer associated with the corporate trust
      department of the Trustee customarily performing functions similar to those
      performed by any of the above designated officers, and also means, with respect
      to a particular corporate trust matter, any other officer of the Trustee to
      when
      such matter is referred because of such person's knowledge of and familiarity
      with the particular subject.

    SEC:

    The
      term “SEC” shall mean the U.S. Securities and Exchange Commission, as
      constituted from time to time.

    
      
        
        

      

      
        8

        
          

        

      

      
        
        

      

    

    
    

    Securities
      Act:

    The
      term “Securities Act” shall mean the Securities Act of 1933, as
      amended.

    Security:

    The
      term “Security” or “Securities” shall have the meaning stated in the
      recitals and shall more particularly mean one or more of the Securities duly
      authenticated by the Trustee and delivered pursuant to the provisions of this
      Indenture.

    Security
      Custodian:

    The
      term “Security Custodian” shall mean the custodian with respect to
      any Global Security appointed by the Depositary, or any successor Person
      thereto, and shall initially be the Paying Agent. 

    Securityholder;
      Holder of Securities; Holder:

    The
      term “Securityholder” or “Holder of Securities” or “Holder,” shall
      mean the Person in whose name such Securities shall be registered in the
      Register kept for that purpose hereunder.

    Senior
      Indebtedness:

    The
      term “Senior Indebtedness” means the principal of (and premium, if
      any) and unpaid interest on (x) Indebtedness of the Company, whether outstanding
      on the date hereof or thereafter created, incurred, assumed or guaranteed,
      for
      money borrowed other than (a) any Indebtedness of the Company which when
      incurred, and without respect to any election under Section 1111(b) of the
      Federal Bankruptcy Code, was without recourse to the Company, (b) any
      Indebtedness of the Company to any of its Subsidiaries, (c) Indebtedness to
      any
      employee of the Company, (d) any liability for taxes, (e) Trade Payables and
      (f)
      any Indebtedness of the Company which is expressly subordinate in right of
      payment to any other Indebtedness of the Company, and (y) renewals, extensions,
      modifications and refundings of any such Indebtedness. For purposes of the
      foregoing and the definition of “Senior Indebtedness,” the phrase “subordinated
      in right of payment” means debt subordination only and not lien subordination,
      and accordingly, (i) unsecured indebtedness shall not be deemed to be
      subordinated in right of payment to secured indebtedness merely by virtue of
      the
      fact that it is unsecured, and (ii) junior liens, second liens and other
      contractual arrangements that provide for priorities among Holders of the same
      or different issues of indebtedness with respect to any collateral or the
      proceeds of collateral shall not constitute subordination in right of payment.
      This definition may be modified or superseded by a supplemental
      indenture.

    Special
      Record Date:

    The
      term “Special Record Date” shall have the meaning assigned to it in
      Section 3.08(b)(i).

    
      
        
        

      

      
        9

        
          

        

      

      
        
        

      

    

    
    

    Stated
      Maturity:

    The
      term “Stated Maturity” when used with respect to any Security or any
      installment of interest thereon, shall mean the date specified in such Security
      as the fixed date on which the principal (or any portion thereof) of or premium,
      if any, on such Security or such installment of interest is due and
      payable.

    Subsidiary:

    The
      term “Subsidiary,” when used with respect to any Person, shall
      mean:

    (a)        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 and after giving effect to any
      voting agreement or stockholders’ agreement that effectively transfers voting
      power) to vote in the election of directors, managers or trustees of the
      corporation, association or other business entity is at the time owned or
      controlled, directly or indirectly, by that Person or one or more of the other
      Subsidiaries of that Person (or a combination thereof); and

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

    Successor
      Company:

    The
      term “Successor Company” shall have the meaning assigned to it in
      Section 3.06(i).

    Trade
      Payables:

    The
      term “Trade Payables” means accounts payable or any other
      Indebtedness or monetary obligations to trade creditors created or assumed
      by
      the Company or any Subsidiary of the Company in the ordinary course of business
      (including guarantees thereof or instruments evidencing such
      liabilities).

    Trust
      Indenture Act; TIA:

    The
      term “Trust Indenture Act” or “TIA” shall mean the Trust Indenture
      Act of 1939, as amended.

    Trustee:

    The
      term “Trustee” shall mean the Person named as the “Trustee” in the
      first paragraph of this Indenture until a successor Trustee shall have become
      such with respect to one or more series of Securities pursuant to the applicable
      provisions of this Indenture, and thereafter “Trustee” shall mean or include
      each Person who is then a Trustee hereunder, and if at any time there is more
      than one such Person, “Trustee” as used with respect to the Securities of any
      series shall mean the Trustee with respect to Securities of that
      series.

    
      
        
        

      

      
        10

        
          

        

      

      
        
        

      

    

    
    

    U.S.
      Dollars:

    The
      term “U.S. Dollars” shall mean such currency of the United States as
      at the time of payment shall be legal tender for the payment of public and
      private debts.

    U.S.
      Government Obligations:

    The
      term “U.S. Government Obligations” shall mean (i) direct non-callable
      obligations of, or guaranteed by, the United States or (ii) obligations of
      a
      Person controlled or supervised by and acting as an agency or instrumentality
      of
      the United States, in either case, for the payment of which guarantee or
      obligation the full faith and credit of the United States is
      pledged.

    United
      States:

    The
      term “United States” shall mean the United States of America
      (including the States and the District of Columbia), its territories and its
      possessions and other areas subject to its jurisdiction.

    ARTICLE
      II

     

    FORMS
      OF SECURITIES

    
      	
               

            	
              Section
                2.01

            	
              Terms
                of the Securities.

            

    

    (a)       The
      Securities of each series shall be substantially in one of the forms set forth
      in a Company Order or in one or more indentures supplemental hereto, and shall
      have such appropriate insertions, omissions, substitutions and other variations
      as are required or permitted by this Indenture, and may have such letters,
      numbers or other marks of identification or designation and such legends or
      endorsements placed thereon as the Company may deem appropriate and as are
      not
      inconsistent with the provisions of this Indenture, or as may be required to
      comply with any law or with any rule or regulation made pursuant thereto or
      with
      any rule or regulation of any securities exchange on which any series of the
      Securities may be listed or of any automated quotation system on which any
      such
      series may be quoted, or to conform to usage, all as determined by the officers
      executing such Securities as conclusively evidenced by their execution of such
      Securities. 

    (b)       The
      terms and provisions of the Securities shall constitute, and are hereby
      expressly made, a part of this Indenture, and, to the extent applicable, the
      Company and the Trustee, by their execution and delivery of this Indenture
      expressly agree to such terms and provisions and to be bound
      thereby.

    
      	
               

            	
              Section
                2.02

            	
              Form
                of Trustee’s Certificate of Authentication.

            

    

    (a)       Only
      such of the Securities as shall bear thereon a certificate substantially in
      the
      form of the Trustee’s certificate of authentication hereinafter recited,
      executed by the Trustee by manual signature, shall be valid or become obligatory
      for any purpose or entitle the Holder thereof to any right or benefit under
      this
      Indenture.

    
      
        
        

      

      
        11

        
          

        

      

      
        
        

      

    

    
    

    (b)       Each
      Security shall be dated the date of its authentication, except that any Global
      Security shall be dated as of the date specified as contemplated in Section
      3.01.

    (c)       The
      form
      of the Trustee’s certificate of authentication to be borne by the Securities
      shall be substantially as follows:

    TRUSTEE’S
      CERTIFICATE OF AUTHENTICATION

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

    
      	
              Date of
                authentication:

            	
               

            	
               

            	
              LaSalle National
                Bank
                Association, as 
Trustee

               

            
	
               

            
	
               

            	
               

            	
               

            
	
               

            	
              By:

            	
               

            
	
               

            	
              Authorized
                Signatory

            

    

     

     

    Section
      2.03      Form of Trustee’s Certificate of Authentication by an Authenticating
      Agent. If at any time there shall be an Authenticating
      Agent appointed with respect to any series of Securities, then the Trustee’s
      Certificate of Authentication by such Authenticating Agent to be borne by
      Securities of each such series shall be substantially as follows:

    TRUSTEE’S
      CERTIFICATE OF AUTHENTICATION

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

    
      	
              Date of
                authentication:

            	
               

            	
               

            	
               

            	
              as
                Trustee

            
	
               

            
	
               

            	
               

            	
               

            
	
               

            	
              By:

            	
              [NAME OF AUTHENTICATING
                AGENT]

            
	
               

            	
               

            	
              as Authorized
                Signatory

            
	
               

            	
               

            	
               

            
	
               

            	
              By:

            	
               

            
	
               

            	
              Authorized
                Signatory

            
	
            	
            	
            	
            	
            	
            	
            

    

     

     

     

    
      
         

      

      
        12

        
          

        

      

      
         

      

    

    ARTICLE
      III

    THE
      DEBT SECURITIES

    Section
      3.01      Amount Unlimited; Issuable in Series. The
      aggregate principal amount of Securities that may be authenticated and delivered
      under this Indenture is unlimited. The Securities may be issued in one or more
      series. There shall be set forth in a Company Order or in one or more indentures
      supplemental hereto, prior to the issuance of Securities of any
      series:

    (a)       the
      title of the Securities of the series (which shall distinguish the Securities
      of
      such series from the Securities of all other series, except to the extent that
      additional Securities of an existing series are being issued);

    (b)       any
      limit upon the aggregate principal amount of the Securities of the series that
      may be authenticated and delivered under this Indenture (except for Securities
      authenticated and delivered upon transfer of, or in exchange for, or in lieu
      of,
      other Securities of such series pursuant to Section 3.04, 3.06, 3.07, 4.06,
      or
      14.05);

    (c)       the
      dates on which or periods during which the Securities of the series may be
      issued, and the dates on, or the range of dates within, which the principal
      of
      and premium, if any, on the Securities of such series are or may be payable
      or
      the method by which such date or dates shall be determined or
      extended;

    (d)       the
      rate
      or rates at which the Securities of the series shall bear interest, if any,
      or
      the method by which such rate or rates shall be determined, the date or dates
      from which such interest shall accrue, or the method by which such date or
      dates
      shall be determined, the Interest Payment Dates on which any such interest
      shall
      be payable, and the Record Dates for the determination of Holders to whom
      interest is payable on such Interest Payment Dates or the method by which such
      date or dates shall be determined, the right, if any, to extend or defer
      interest payments and the duration of such extension or deferral;

    (e)       if
      other
      than U.S. Dollars, the Currency in which Securities of the series shall be
      denominated or in which payment of the principal of, premium, if any, or
      interest on the Securities of the series shall be payable and any other terms
      concerning such payment;

    (f)       if
      the
      amount of payment of principal of, premium, if any, or interest on the
      Securities of the series may be determined with reference to an index, formula
      or other method including, but not limited to, an index based on a Currency
      or
      Currencies other than that in which the Securities are stated to be payable,
      the
      manner in which such amounts shall be determined;

    (g)       if
      the
      principal of, premium, if any, or interest on Securities of the series are
      to be
      payable, at the election of the Company or a Holder thereof, in a Currency
      other
      than that in which the Securities are denominated or stated to be payable
      without such election, the period or periods within which, and the terms and
      conditions upon which, such election may be made and the time and the manner
      of
      determining the exchange rate between the Currency in which the Securities
      are
      denominated or payable without such election and the Currency in which the
      Securities are to be paid if such election is made;

    
      
        
        

      

      
        13

        
          

        

      

      
        
        

      

    

    
    

    (h)       the
      place or places, if any, in addition to or instead of the Corporate Trust Office
      of the Trustee where the principal of, premium, if any, and interest on
      Securities of the series shall be payable, and where Securities of any series
      may be presented for registration of transfer, exchange or conversion, and
      the
      place or places where notices and demands to or upon the Company in respect
      of
      the Securities of such series may be made;

    (i)        the
      price or prices at which, the period or periods within which or the
      date or dates on which, and the terms and conditions upon which Securities
      of
      the series may be redeemed, in whole or in part, at the option of the Company,
      if the Company is to have that option;

    (j)        the
      obligation or right, if any, of the Company to redeem, purchase or
      repay Securities of the series pursuant to any sinking fund, amortization or
      analogous provisions or at the option of a Holder thereof and the price or
      prices at which, the period or periods within which or the date or dates on
      which, the Currency or Currencies in which and the terms and conditions upon
      which Securities of the series shall be redeemed, purchased or repaid, in whole
      or in part, pursuant to such obligation;

    (k)       if
      other
      than denominations of $1,000 or any integral multiple thereof, the denominations
      in which Securities of the series shall be issuable;

    (l)        if
      other than the principal amount thereof, the portion of the principal amount
      of
      the Securities of the series which shall be payable upon declaration of
      acceleration of the Maturity thereof pursuant to Section 7.02;

    (m)     whether
      the
      Securities of the series are to be issued as Original Issue Discount Securities
      and the amount of discount with which such Securities may be
      issued;

    (n)       provisions,
      if any, for the defeasance of Securities of the series in
      whole or in part and any addition or change in the provisions related to
      satisfaction and discharge;

    (o)       whether
      the Securities of the series are to be issued in whole or in part in the form
      of
      one or more Global Securities and, in such case, the Depositary for such Global
      Security or Securities and the terms and conditions, if any, upon which
      interests in such Global Security or Securities may be exchanged in whole or
      in
      part for the individual Securities represented thereby;

    (p)       the
      date
      as of which any Global Security of the series shall be dated if other than
      the
      original issuance of the first Security of the series to be issued;

    
      	
               

            	
              (q)

            	
              the
                form of the Securities of the
                series;

            

    

    (r)       if
      the
      Securities of the series are to be convertible into or exchangeable for any
      securities or property of any Person (including the Company), the terms and
      conditions upon which such Securities will be so convertible or exchangeable,
      and any additions or changes, if any, to permit or facilitate such conversion
      or
      exchange;

     

    
      
        
        

      

      
        14

        
          

        

      

      
        
        

      

    

    
    

    (s)       whether
      the Securities of such series are subject to subordination and the terms of
      such
      subordination;

    (t)        any
      restriction or condition on the transferability of the Securities of
      such series; 

    (u)       any
      addition or change in the provisions related to compensation and reimbursement
      of the Trustee which applies to Securities of such series;

    (v)       any
      addition or change in the provisions related to supplemental indentures set
      forth in Sections 14.04 and 14.02 which applies to Securities of such
      series;

    (w)      provisions,
      if
      any, granting special rights to Holders upon the occurrence of specified events;
      

    (x)       any
      addition to or change in the Events of Default which applies to any Securities
      of the series and any change in the right of the Trustee or the requisite
      Holders of such Securities to declare the principal amount thereof due and
      payable pursuant to Section 7.02 and any addition or change in the provisions
      set forth in Article VII which applies to Securities of the series;

    (y)       any
      addition to or change in the covenants set forth in Article VI which applies
      to
      Securities of the series; and

    (z)       any
      other terms of the Securities of such series (which terms shall not be
      inconsistent with the provisions of this Indenture, except as permitted by
      Section 14.01).

    All
      Securities of any one series shall be substantially identical, except
      as to denomination and except as may otherwise be provided herein or set forth
      in a Company Order or in one or more indentures supplemental hereto.

    Section
      3.02      Denominations. In the absence of any
      specification pursuant to Section 3.01 with respect to Securities of any series,
      the Securities of such series shall be issuable only as Securities in
      denominations of any integral multiple of $1,000, and shall be payable only
      in
      U.S. Dollars.

    
      	
               

            	
              Section
                3.03

            	
              Execution,
                Authentication, Delivery and Dating.

            

    

    (a)       The
      Securities shall be executed in the name and on behalf of the Company by the
      manual or facsimile signature of its Chairman of the Board of Directors, its
      President, one of its Vice Presidents or Treasurer. If the Person whose
      signature is on a Security no longer holds that office at the time the Security
      is authenticated and delivered, the Security shall nevertheless be
      valid.

    (b)       At
      any
      time and from time to time after the execution and delivery of this Indenture,
      the Company may deliver Securities of any series executed by the Company to
      the
      Trustee for authentication, together with a Company Order for the authentication
      and delivery of such Securities. The Trustee shall thereupon authenticate and
      deliver such Securities without any further action by the
      Company. The Company Order shall specify the amount of Securities to be
      authenticated and the date on which the original issue of Securities is to
      be
      authenticated.

    
       

      
        
           

        

        
          15

          
            

          

        

        
           

        

      

       

    

    (c)       In
      authenticating the first Securities of any series and accepting the additional
      responsibilities under this Indenture in relation to such Securities the Trustee
      shall receive, and (subject to Section 11.02) shall be fully protected in
      relying upon an Officer’s Certificate and an Opinion of Counsel, each prepared
      in accordance with Section 16.01 stating that the conditions precedent, if
      any,
      provided for in the Indenture have been complied with.

    (d)       The
      Trustee shall have the right to decline to authenticate and deliver the
      Securities under this Section 3.03 if the issue of the Securities pursuant
      to
      this Indenture will affect the Trustee’s own rights, duties or immunities under
      the Securities and this Indenture or otherwise in a manner which is not
      reasonably acceptable to the Trustee.

    (e)       Each
      Security shall be dated the date of its authentication, except as otherwise
      provided pursuant to Section 3.01 with respect to the Securities of such
      series.

    (f)        Notwithstanding
      the provisions of Section 3.01 and of this Section 3.03,
      if all of the Securities of any series are not to be originally issued at the
      same time, then the documents required to be delivered pursuant to this Section
      3.03 must be delivered only once prior to the authentication and delivery of
      the
      first Security of such series;

    (g)       If
      the
      Company shall establish pursuant to Section 3.01 that the Securities of a series
      are to be issued in whole or in part in the form of one or more Global
      Securities, then the Company shall execute and the Trustee shall authenticate
      and deliver one or more Global Securities that (i) shall represent an aggregate
      amount equal to the aggregate principal amount of the Outstanding Securities
      of
      such series to be represented by such Global Securities, (ii) shall be
      registered, if in registered form, in the name of the Depositary for such Global
      Security or Securities or the nominee of such Depositary, (iii) shall be
      delivered by the Trustee to such Depositary or pursuant to such Depositary’s
      instruction and (iv) shall bear a legend substantially to the following effect:
      

    “Unless
      and until it is exchanged in whole or in part for the individual
      Securities represented hereby, this Global Security may not be transferred
      except as a whole by the Depositary to a nominee of the Depositary or by a
      nominee of the Depositary to the Depositary or another nominee of the Depositary
      or by the Depositary or any such nominee to a successor Depositary or a nominee
      of such successor Depositary.” 

    The
      aggregate principal amount of each Global Security may from time to
      time be increased or decreased by adjustments made on the records of the
      Security Custodian, as provided in this Indenture.

    (h)       Each
      Depositary designated pursuant to Section 3.01 for a Global Security in
      registered form must, at the time of its designation and at all times while
      it
      serves as such Depositary, be a clearing agency registered under the Exchange
      Act and any other applicable statute or regulation.

    
      
        
        

      

      
        16

        
          

        

      

      
        
        

      

    

    
    

    (i)        Members
      of, or participants in, the Depositary (“Members”) shall have no
      rights under this Indenture with respect to any Global Security held on their
      behalf by the Depositary or by the Security Custodian under such Global
      Security, and the Depositary may be treated by the Company, the Trustee, the
      Paying Agent and the Registrar and any of their agents as the absolute owner
      of
      such Global Security for all purposes whatsoever. Notwithstanding the foregoing,
      nothing herein shall prevent the Company, the Trustee, the Paying Agent or
      the
      Registrar or any of their agents from giving effect to any written
      certification, proxy or other authorization furnished by the Depositary or
      impair, as between the Depositary and its Members, the operation of customary
      practices of the Depositary governing the exercise of the rights of an owner
      of
      a beneficial interest in any Global Security. The Holder of a Global Security
      may grant proxies and otherwise authorize any Person, including Members and
      Persons that may hold interests through Members, to take any action that a
      Holder is entitled to take under this Indenture or the Securities.

    (j)        No
      Security shall be entitled to any benefit under this Indenture or be valid
      or
      obligatory for any purpose unless there appears on such Security a certificate
      of authentication substantially in one of the forms provided for herein duly
      executed by the Trustee or by an Authenticating Agent by manual or facsimile
      signature of an authorized signatory of the Trustee, and such certificate upon
      any Security shall be conclusive evidence, and the only evidence, that such
      Security has been duly authenticated and delivered hereunder and is entitled
      to
      the benefits of this Indenture.

    
      	
               

            	
              Section
                3.04

            	
              Temporary
                Securities.

            

    

    (a)       Pending
      the preparation of definitive Securities of any series, the Company may execute,
      and upon Company Order the Trustee shall authenticate and deliver, temporary
      Securities that are printed, lithographed, typewritten, mimeographed or
      otherwise reproduced, in any authorized denomination, substantially of the
      tenor
      of the definitive Securities in lieu of which they are issued, in registered
      form and with such appropriate insertions, omissions, substitutions and other
      variations as the officers executing such Securities may determine, as
      conclusively evidenced by their execution of such Securities. Any such temporary
      Security may be in global form, representing all or a portion of the Outstanding
      Securities of such series. Every such temporary Security shall be executed
      by
      the Company and shall be authenticated and delivered by the Trustee upon the
      same conditions and in substantially the same manner, and with the same effect,
      as the definitive Security or Securities in lieu of which it is
      issued.

    (b)       If
      temporary Securities of any series are issued, the Company will cause definitive
      Securities of such series to be prepared without unreasonable delay. After
      the
      preparation of definitive Securities of such series, the temporary Securities
      of
      such series shall be exchangeable for definitive Securities of such series
      upon
      surrender of such temporary Securities at the office or agency of the Company
      in
      a Place of Payment for such series, without charge to the Holder. Upon surrender
      for cancellation of any one or more temporary Securities of any series, the
      Company shall execute and the Trustee shall authenticate and deliver in exchange
      therefor a like principal amount of definitive Securities of the same series
      of
      authorized denominations and of like tenor. Until so exchanged, the temporary
      Securities of any series shall in all respects be entitled
      to the same benefits under this Indenture as definitive Securities of such
      series.

    
       

      
        
           

        

        
          17

          
            

          

        

        
           

        

      

    

    (c)       Upon
      any
      exchange of a portion of a temporary Global Security for a definitive Global
      Security or for the individual Securities represented thereby pursuant to this
      Section 3.04 or Section 3.06, the temporary Global Security shall be endorsed
      by
      the Trustee to reflect the reduction of the principal amount evidenced thereby,
      whereupon the principal amount of such temporary Global Security shall be
      reduced for all purposes by the amount so exchanged and endorsed.

    
      	
               

            	
              Section
                3.05

            	
              Registrar
                and Paying Agent.

            

    

    (a)       The
      Company will keep, at an office or agency to be maintained by it in a Place
      of
      Payment where Securities may be presented for registration or presented and
      surrendered for registration of transfer or of exchange, and where Securities
      of
      any series that are convertible or exchangeable may be surrendered for
      conversion or exchange, as applicable (the “Registrar”), a security register for
      the registration and the registration of transfer or of exchange of the
      Securities (the registers maintained in such office and in any other office
      or
      agency of the Company in a Place of Payment being herein sometimes collectively
      referred to as the “Register”), as in this Indenture provided, which Register
      shall at all reasonable times be open for inspection by the Trustee. Such
      Register shall be in written form or in any other form capable of being
      converted into written form within a reasonable time. The Company may have
      one
      or more co-Registrars; the term “Registrar” includes any
      co-registrar.

    (b)       The
      Company shall enter into an appropriate agency agreement with any Registrar
      or
      co-Registrar not a party to this Indenture. The agreement shall implement the
      provisions of this Indenture that relate to such agent. The Company shall notify
      the Trustee of the name and address of each such agent. If the Company fails
      to
      maintain a Registrar, the Trustee shall act as such and shall be entitled to
      appropriate compensation therefor pursuant to Section 11.01. The Company or
      any
      Affiliate thereof may act as Registrar, co-Registrar or transfer agent.

    (c)       The
      Company hereby appoints the Trustee at its Corporate Trust Office as Registrar
      in connection with the Securities and this Indenture, until such time as another
      Person is appointed as such.

    
      	
               

            	
              Section
                3.06

            	
              Transfer
                and Exchange.

            

    

    
      	
               

            	
              (a)

            	
              Transfer.

            

    

    (i)    Upon
      surrender for
      registration of transfer of any Security of any series at the Registrar the
      Company shall execute, and the Trustee or any Authenticating Agent shall
      authenticate and deliver, in the name of the designated transferee, one or
      more
      new Securities of the same series for like aggregate principal amount of any
      authorized denomination or denominations. The transfer of any Security shall
      not
      be valid as against the Company or the Trustee unless registered at the
      Registrar by the Holder, or by his, her or its attorney duly authorized in
      writing.

    
      
        
        

      

      
        18

        
          

        

      

      
        
        

      

    

    
    

    (ii)   Notwithstanding
      any other
      provision of this Section, unless and until it is exchanged in whole or in
      part
      for the individual Securities represented thereby, a Global Security
      representing all or a portion of the Securities of a series may not be
      transferred except as a whole by the Depositary for such series to a nominee
      of
      such Depositary or by a nominee of such Depositary to such Depositary or another
      nominee of such Depositary or by such Depositary or any such nominee to a
      successor Depositary for such series or a nominee of such successor
      Depositary.

    
      	
               

            	
              (b)

            	
              Exchange.

            

    

    (i)    At
      the option of the
      Holder, Securities of any series (other than a Global Security, except as set
      forth below) may be exchanged for other Securities of the same series for like
      aggregate principal amount of any authorized denomination or denominations,
      upon
      surrender of the Securities to be exchanged at the Registrar.

    (ii)   Whenever
      any Securities are so
      surrendered for exchange, the Company shall execute, and the Trustee shall
      authenticate and deliver, the Securities that the Holder making the exchange
      is
      entitled to receive.

    (c)       Exchange
      of Global Securities for Individual Securities. Except as provided below, owners
      of beneficial interests in Global Securities will not be entitled to receive
      individual Securities.

    (i)    Individual
      Securities
      shall be issued to all owners of beneficial interests in a Global Security
      in
      exchange for such interests if: (A) at any time the Depositary for the
      Securities of a series notifies the Company that it is unwilling or unable
      to
      continue as Depositary for the Securities of such series or if at any time
      the
      Depositary for the Securities of such series shall no longer be eligible under
      Section 3.03(h) and, in each case, a successor Depositary is not appointed
      by
      the Company within 90 days of such notice, or (B) the Company executes and
      delivers to the Trustee and the Registrar an Officer’s Certificate stating that
      such Global Security shall be so exchangeable.

    In
      connection with the exchange of an entire Global Security for
      individual Securities pursuant to this subsection (c), such Global Security
      shall be deemed to be surrendered to the Trustee for cancellation, and the
      Company shall execute, and the Trustee, upon receipt of a Company Order for
      the
      authentication and delivery of individual Securities of such series, will
      authenticate and deliver to each beneficial owner identified by the Depositary
      in exchange for its beneficial interest in such Global Security, an equal
      aggregate principal amount of individual Securities of authorized denominations.
      

    (ii)  The
      owner of a beneficial interest in
      a Global Security will be entitled to receive an individual Security in exchange
      for such interest if an Event of Default has occurred and is continuing. Upon
      receipt by the Security Custodian and Registrar of
      instructions from the Holder of a Global Security directing the Security
      Custodian and Registrar to (x) issue one or more individual Securities in the
      amounts specified to the owner of a beneficial interest in such Global Security
      and (y) debit or cause to be debited an equivalent amount of beneficial interest
      in such Global Security, subject to the rules and regulations of the Depositary:
      

    
       

      
        
           

        

        
          19

          
            

          

        

        
           

        

      

    

    (A)     the
      Security
      Custodian and Registrar shall notify the Company and the Trustee of such
      instructions, identifying the owner and amount of such beneficial interest
      in
      such Global Security;

    (B)      the
      Company
      shall promptly execute and the Trustee, upon receipt of a Company Order for
      the
      authentication and delivery of individual Securities of such series, shall
      authenticate and deliver to such beneficial owner individual Securities in
      an
      equivalent amount to such beneficial interest in such Global Security;
      and

    (C)      the
      Security
      Custodian and Registrar shall decrease such Global Security by such amount
      in
      accordance with the foregoing. In the event that the individual Securities
      are
      not issued to each such beneficial owner promptly after the Registrar has
      received a request from the Holder of a Global Security to issue such individual
      Securities, the Company expressly acknowledges, with respect to the right of
      any
      Holder to pursue a remedy pursuant to Section 7.07 hereof, the right of any
      beneficial Holder of Securities to pursue such remedy with respect to the
      portion of the Global Security that represents such beneficial Holder’s
      Securities as if such individual Securities had been issued.

    (iii)  
If
      specified by the Company
      pursuant to Section 3.01 with respect to a series of Securities, the Depositary
      for such series of Securities may surrender a Global Security for such series
      of
      Securities in exchange in whole or in part for individual Securities of such
      series on such terms as are acceptable to the Company and such Depositary.
      Thereupon, the Company shall execute, and the Trustee shall authenticate and
      deliver, without service charge,

    (A)     to
      each Person
      specified by such Depositary a new individual Security or Securities of the
      same
      series, of any authorized denomination as requested by such Person in aggregate
      principal amount equal to and in exchange for such Person’s beneficial interest
      in the Global Security; and

    (B)      to
      such
      Depositary a new Global Security in a denomination equal to the difference,
      if
      any, between the principal amount of the surrendered Global Security and the
      aggregate principal amount of individual Securities
      delivered to Holders thereof.

    
       

      
        
           

        

        
          20

          
            

          

        

        
           

        

      

    

    (iv)  
In
      any exchange provided for in
      clauses (i) through (iii), the Company will execute and the Trustee will
      authenticate and deliver individual Securities in registered form in authorized
      denominations.

    (v)   Upon
      the exchange in full of a
      Global Security for individual Securities, such Global Security shall be
      canceled by the Trustee. Individual Securities issued in exchange for a Global
      Security pursuant to this Section shall be registered in such names and in
      such
      authorized denominations as the Depositary for such Global Security, pursuant
      to
      instructions from its direct or indirect participants or otherwise, shall
      instruct the Trustee. The Trustee shall deliver such Securities to the Persons
      in whose names such Securities are so registered.

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

    (e)       Every
      Security presented or surrendered for registration of transfer, or for exchange
      or payment shall (if so required by the Company, the Trustee or the Registrar)
      be duly endorsed, or be accompanied by a written instrument or instruments
      of
      transfer in form satisfactory to the Company, the Trustee and the Registrar,
      duly executed by the Holder thereof or by his, her or its attorney duly
      authorized in writing.

    (f)        No
      service charge will be made for any registration of transfer or exchange of
      Securities. The Company may require payment of a sum sufficient to cover any
      tax, assessment or other governmental charge that may be imposed in connection
      with any registration of transfer or exchange of Securities, other than those
      expressly provided in this Indenture to be made at the Company’s own expense or
      without expense or charge to the Holders.

    (g)       The
      Company shall not be required to (i) register, transfer or exchange Securities
      of any series during a period beginning at the opening of business 15 days
      before the day of the transmission of a notice of redemption of Securities
      of
      such series selected for redemption under Section 4.03 and ending at the close
      of business on the day of such transmission, or (ii) register, transfer or
      exchange any Security so selected for redemption in whole or in part, except
      the
      unredeemed portion of any Security being redeemed in part.

    (h)       Prior
      to
      the due presentation for registration of transfer or exchange of any Security,
      the Company, the Trustee, the Paying Agent, the Registrar or any co-Registrar
      may deem and treat the Person in whose name a Security is registered as the
      absolute owner of such Security (whether or not such Security shall be overdue
      and notwithstanding any notation of ownership or other writing thereon) for
      all
      purposes whatsoever, and none of the Company, the Trustee, the Paying Agent,
      the
      Registrar or any co-Registrar shall be affected by any notice to the
      contrary.

    
      
        
        

      

      
        21

        
          

        

      

      
        
        

      

    

    
    

    (i)        In
      case a successor Company (“Successor Company”) has executed an indenture
      supplemental hereto with the Trustee pursuant to Article XIV, any of the
      Securities authenticated or delivered pursuant to such transaction may, from
      time to time, at the request of the Successor Company, be exchanged for other
      Securities executed in the name of the Successor Company with such changes
      in
      phraseology and form as may be appropriate, but otherwise identical to the
      Securities surrendered for such exchange and of like principal amount; and
      the
      Trustee, upon Company Order of the Successor Company, shall authenticate and
      deliver Securities as specified in such order for the purpose of such exchange.
      If Securities shall at any time be authenticated and delivered in any new name
      of a Successor Company pursuant to this Section 3.06 in exchange or substitution
      for or upon registration of transfer of any Securities, such Successor Company,
      at the option of the Holders but without expense to them, shall provide for
      the
      exchange of all Securities at the time Outstanding for Securities authenticated
      and delivered in such new name.

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

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

    (l)        Neither
      the Trustee nor any agent of the Trustee shall have any
      responsibility for any actions taken or not taken by the
      Depositary.

    
      	
               

            	
              Section
                3.07

            	
              Mutilated,
                Destroyed, Lost and Stolen Securities.

            

    

    (a)       If
      (i)
      any mutilated Security is surrendered to the Trustee at its Corporate Trust
      Office or (ii) the Company and the Trustee receive evidence to their
      satisfaction of the destruction, loss or theft of any Security, and there is
      delivered to the Company and the Trustee security or indemnity satisfactory
      to
      them to save each of them and any Paying Agent harmless, and neither the Company
      nor the Trustee receives notice that such Security has been acquired by a
      protected purchaser, then the Company shall execute and upon Company Order
      the
      Trustee shall authenticate and deliver, in exchange for or in lieu of any such
      mutilated, destroyed, lost or stolen Security, a new Security of the same series
      and of like tenor, form, terms and principal amount, bearing a number not
      contemporaneously outstanding, that neither gain nor loss in interest shall
      result from such exchange or substitution. 

    (b)       In
      case
      any such mutilated, destroyed, lost or stolen Security has become or is about
      to
      become due and payable, the Company in its discretion may, instead of issuing
      a
      new Security, pay the amount due on such Security in accordance with its terms.
      

    
      
        
        

      

      
        22

        
          

        

      

      
        
        

      

    

    
    

    (c)       Upon
      the
      issuance of any new Security under this Section, the Company may require the
      payment of a sum sufficient to cover any tax or other governmental charge that
      may be imposed in respect thereto and any other expenses (including the fees
      and
      expenses of the Trustee) connected therewith. 

    (d)       Every
      new Security of any series issued pursuant to this Section shall constitute
      an
      original additional contractual obligation of the Company, whether or not the
      destroyed, lost or stolen Security shall be at any time enforceable by anyone,
      and shall be entitled to all the benefits of this Indenture equally and
      proportionately with any and all other Securities of that series duly issued
      hereunder. 

    (e)       The
      provisions of this Section are exclusive and shall preclude (to the extent
      lawful) all other rights and remedies with respect to the replacement or payment
      of mutilated, destroyed, lost or stolen Securities.

    
      	
               

            	
              Section
                3.08

            	
              Payment
                of Interest; Interest Rights Preserved.

            

    

    (a)       Interest
      on any Security that is payable and is punctually paid or duly provided for
      on
      any Interest Payment Date shall be paid to the Person in whose name such
      Security (or one or more Predecessor Securities) is registered at the close
      of
      business on the Record Date for such interest notwithstanding the cancellation
      of such Security upon any transfer or exchange subsequent to the Record Date.
      Payment of interest on Securities shall be made at the Corporate Trust Office
      (except as otherwise specified pursuant to Section 3.01) or, at the option
      of
      the Company, by check mailed to the address of the Person entitled thereto
      as
      such address shall appear in the Register or, if provided pursuant to Section
      3.01 and in accordance with arrangements satisfactory to the Trustee, at the
      option of the Holder by wire transfer to an account designated by the Holder.
      

    (b)       Any
      interest on any Security that is payable but is not punctually paid or duly
      provided for on any Interest Payment Date (herein called “Defaulted Interest”)
      shall forthwith cease to be payable to the Holder on the relevant Record Date
      by
      virtue of his, her or its having been such a Holder, and such Defaulted Interest
      may be paid by the Company, at its election in each case, as provided in clause
      (i) or (ii) below: 

    (i)   The
      Company may elect to make
      payment of any Defaulted Interest to the Persons in whose names such Securities
      (or their respective Predecessor Securities) are registered at the close of
      business on a special record date for the payment of such Defaulted Interest
      (a
“Special Record Date”), which shall be fixed in the following manner. The
      Company shall notify the Trustee in writing of the amount of Defaulted Interest
      proposed to be paid on each such Security and the date of the proposed payment,
      and at the same time the Company shall deposit with the Trustee an amount of
      money equal to the aggregate amount proposed to be paid in respect of such
      Defaulted Interest or shall make arrangements satisfactory to the Trustee for
      such deposit prior to the date of the proposed payment, such money when
      deposited to be held in trust for the benefit of the Persons entitled to such
      Defaulted Interest as in this clause provided. Thereupon the Trustee shall
      fix a
      Special Record Date for the payment of such Defaulted
      Interest which shall be not more than 15 calendar days and not less than 10
      calendar days prior to the date of the proposed payment and not less than 10
      calendar days after the receipt by the Trustee of the notice of the proposed
      payment. The Trustee shall promptly notify the Company of such Special Record
      Date and, in the name and at the expense of the Company, shall cause notice
      of
      the proposed payment of such Defaulted Interest and the Special Record Date
      therefor to be mailed, first-class postage prepaid, to the Holders of such
      Securities at their addresses as they appear in the Register, not less than
      10
      calendar days prior to such Special Record Date. Notice of the proposed payment
      of such Defaulted Interest and the Special Record Date therefor having been
      mailed as aforesaid, such Defaulted Interest shall be paid to the Persons in
      whose names such Securities (or their respective Predecessor Securities) are
      registered at the close of business on such Special Record Date and shall no
      longer be payable pursuant to the following clause (ii).

    
       

      
        
           

        

        
          23

          
            

          

        

        
           

        

      

    

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

    (c)       Subject
      to the provisions set forth herein relating to Record Dates, each Security
      delivered pursuant to any provision of this Indenture in exchange or
      substitution for, or upon registration of transfer of, any other Security shall
      carry all the rights to interest accrued and unpaid, and to accrue, which were
      carried by such other Security.

    Section
      3.09      Cancellation. Unless otherwise specified
      pursuant
      to Section 3.01 for Securities of any series, all Securities surrendered for
      payment, redemption, registration of transfer or exchange or credit against
      any
      sinking fund or otherwise shall, if surrendered to any Person other than the
      Trustee, be delivered to the Trustee for cancellation and shall be promptly
      canceled by it and, if surrendered to the Trustee, shall be promptly canceled
      by
      it. The Company may at any time deliver to the Trustee for cancellation any
      Securities previously authenticated and delivered hereunder that the Company
      may
      have acquired in any manner whatsoever, and all Securities so delivered shall
      be
      promptly canceled by the Trustee. No Securities shall be authenticated in lieu
      of or in exchange for any Securities canceled as provided in this Section,
      except as expressly permitted by this Indenture. The Trustee shall dispose
      of
      all canceled Securities held by it in accordance with its then customary
      procedures and deliver a certificate of such disposal to the Company. The
      acquisition of any Securities by the Company shall not operate as a redemption
      or satisfaction of the Indebtedness represented thereby unless and until such
      Securities are surrendered to the Trustee for cancellation.

    Section
      3.10      Computation of Interest. Except as otherwise
      specified pursuant to Section 3.01 for Securities of any series, interest on
      the
      Securities of each series shall be computed on the basis of a 360-day year
      of
      twelve 30-day months.

    
      
        
        

      

      
        24

        
          

        

      

      
        
        

      

    

    
    

    
      	
               

            	
              Section
                3.11

            	
              Currency
                of Payments in Respect of Securities.

            

    

    (a)       Except
      as otherwise specified pursuant to Section 3.01 for Securities of any series,
      payment of the principal of and premium, if any, and interest on Securities
      of
      such series will be made in U.S. Dollars. 

    (b)       For
      purposes of any provision of the Indenture where the Holders of Outstanding
      Securities may perform an action that requires that a specified percentage
      of
      the Outstanding Securities of all series perform such action and for purposes
      of
      any decision or determination by the Trustee of amounts due and unpaid for
      the
      principal of and premium, if any, and interest on the Securities of all series
      in respect of which moneys are to be disbursed ratably, the principal of and
      premium, if any, and interest on the Outstanding Securities denominated in
      a
      Foreign Currency will be the amount in U.S. Dollars based upon exchange rates,
      determined as specified pursuant to Section 3.01 for Securities of such series,
      as of the date for determining whether the Holders entitled to perform such
      action have performed it or as of the date of such decision or determination
      by
      the Trustee, as the case may be. 

    (c)       Any
      decision or determination to be made regarding exchange rates shall be made
      by
      an agent appointed by the Company; provided, that such agent shall accept such
      appointment in writing and the terms of such appointment shall, in the opinion
      of the Company at the time of such appointment, require such agent to make
      such
      determination by a method consistent with the method provided pursuant to
      Section 3.01 for the making of such decision or determination. All decisions
      and
      determinations of such agent regarding exchange rates shall be in its sole
      discretion and shall, in the absence of manifest error, be conclusive for all
      purposes and irrevocably binding upon the Company, the Trustee and all Holders
      of the Securities.

    Section
      3.12      Judgments. The Company may provide
      pursuant to
      Section 3.01 for Securities of any series that (a) the obligation, if any,
      of
      the Company to pay the principal of, premium, if any, and interest on the
      Securities of any series in a Foreign Currency or U.S. Dollars (the “Designated
      Currency”) as may be specified pursuant to Section 3.01 is of the essence and
      agrees that, to the fullest extent possible under applicable law, judgments
      in
      respect of such Securities shall be given in the Designated Currency; (b) the
      obligation of the Company to make payments in the Designated Currency of the
      principal of and premium, if any, and interest on such Securities shall,
      notwithstanding any payment in any other Currency (whether pursuant to a
      judgment or otherwise), be discharged only to the extent of the amount in the
      Designated Currency that the Holder receiving such payment may, in accordance
      with normal banking procedures, purchase with the sum paid in such other
      Currency (after any premium and cost of exchange) on the business day in the
      country of issue of the Designated Currency or in the international banking
      community (in the case of a composite currency) immediately following the day
      on
      which such Holder receives such payment; (c) if the amount in the Designated
      Currency that may be so purchased for any reason falls short of the amount
      originally due, the Company shall pay such additional amounts as may be
      necessary to compensate for such shortfall; and (d) any obligation of the
      Company not discharged by such payment shall be due as a separate and
      independent obligation and, until discharged as provided herein, shall continue
      in full force and effect.

     

    
      
        
        

      

      
        25

        
          

        

      

      
        
        

      

    

    
    

    Section
      3.13     CUSIP
      Numbers. The Company in issuing any Securities may use
      CUSIP, ISIN or other similar numbers, if then generally in use, and thereafter
      with respect to such series, the Trustee may use such numbers in any notice
      of
      redemption or exchange with respect to such series provided that any such notice
      may state that no representation is made as to the correctness of such numbers
      either as printed on the Securities or as contained in any notice of a
      redemption and that reliance may be placed only on the other identification
      numbers printed on the Securities, and any such redemption shall not be affected
      by any defect in or omission of such numbers. The Company will promptly notify
      the Trustee in writing of any change in the CUSIP, ISIN or other similar
      numbers.

    ARTICLE
      IV

     

    REDEMPTION
      OF SECURITIES

    Section
      4.01      Applicability of Right of Redemption. Redemption
      of Securities (other than pursuant to a sinking fund, amortization or analogous
      provision) permitted by the terms of any series of Securities shall be made
      in
      accordance with such terms (except as otherwise specified pursuant to Section
      3.01 for Securities of any series) in accordance with this Article; provided,
      however, that if any such terms of a series of Securities shall conflict with
      any provision of this Article, the terms of such series shall
      govern.

    
      	
               

            	
              Section
                4.02

            	
              Selection
                of Securities to be Redeemed.

            

    

    (a)       If
      the
      Company shall at any time elect to redeem all or any portion of the Securities
      of a series then Outstanding, it shall at least 30 days prior to the Redemption
      Date fixed by the Company (unless a shorter period shall be satisfactory to
      the
      Trustee) notify the Trustee of such Redemption Date and of the principal amount
      of Securities to be redeemed, and thereupon the Trustee shall select, by lot
      or
      in such other manner as the Trustee shall deem appropriate and fair and which
      may provide for the selection for redemption of a portion of the principal
      amount of any Security of such series; provided that the unredeemed portion
      of
      the principal amount of any Security shall be in an authorized denomination
      (which shall not be less than the minimum authorized denomination) for such
      Security. In any case where more than one Security of such series is registered
      in the same name, the Trustee in its discretion may treat the aggregate
      principal amount so registered as if it were represented by one Security of
      such
      series. The Trustee shall, as soon as practicable, notify the Company in writing
      of the Securities and portions of Securities so selected.

    (b)       For
      all
      purposes of this Indenture, unless the context otherwise requires, all
      provisions relating to the redemption of Securities shall relate, in the case
      of
      any Security redeemed or to be redeemed only in part, to the portion of the
      principal amount of such Security that has been or is to be redeemed. If the
      Company shall so direct, Securities registered in the name of the Company,
      any
      Affiliate or any Subsidiary thereof shall not be included in the Securities
      selected for redemption.

    
      
        
        

      

      
        26

        
          

        

      

      
        
        

      

       

    

    
    

    
      	
               

            	
              Section
                4.03

            	
              Notice
                of Redemption.

            

    

    (a)       Notice
      of redemption shall be given by the Company or, at the Company’s request, by the
      Trustee in the name and at the expense of the Company, not less than 30 nor
      more
      than 60 days prior to the Redemption Date, to the Holders of Securities of
      any
      series to be redeemed in whole or in part pursuant to this Article, in the
      manner provided in Section 16.04. Any notice so given shall be conclusively
      presumed to have been duly given, whether or not the Holder receives such
      notice. Failure to give such notice, or any defect in such notice to the Holder
      of any Security of a series designated for redemption, in whole or in part,
      shall not affect the sufficiency of any notice of redemption with respect to
      the
      Holder of any other Security of such series. 

    (b)       All
      notices of redemption shall identify the Securities to be redeemed (including
      CUSIP, ISIN or other similar numbers, if available) and shall state:

    (i)   such
      election by the Company to
      redeem Securities of such series pursuant to provisions contained in this
      Indenture or the terms of the Securities of such series or a supplemental
      indenture establishing such series, if such be the case; 

    
      	
               

            	
              (ii)

            	
              the
                Redemption Date;

            

    

    
      	
               

            	
              (iii)

            	
              the
                Redemption Price;

            

    

    (iv)  
if
      less than all Outstanding
      Securities of any series are to be redeemed, the identification (and, in the
      case of partial redemption, the principal amounts) of the Securities to be
      redeemed; 

    (v)   that
      on the Redemption Date the
      Redemption Price will become due and payable upon each such Security to be
      redeemed, and that, if applicable, interest thereon shall cease to accrue on
      and
      after said date; 

    (vi) 
 the
      Place or Places of Payment where
      such Securities are to be surrendered for payment of the Redemption Price;
      and

    (vii)  
that
      the redemption is for a
      sinking fund, if such is the case;

    Section
      4.04      Deposit of Redemption Price. On or prior to 11:00
      a.m., New York City time, on the Redemption Date for any Securities, the Company
      shall deposit with the Trustee or with a Paying Agent (or, if the Company is
      acting as its own Paying Agent, segregate and hold in trust as provided in
      Section 6.03) an amount of money in the Currency in which such Securities are
      denominated (except as provided pursuant to Section 3.01) sufficient to pay
      the
      Redemption Price of such Securities or any portions thereof that are to be
      redeemed on that date.

    Section
      4.05      Securities Payable on Redemption Date. Notice of
      redemption having been given as aforesaid, any Securities so to be redeemed
      shall, on the Redemption Date, become due and payable at the Redemption Price
      and from and after such date (unless the Company shall Default in the payment of the Redemption Price) such
      Securities shall
      cease to bear interest. Upon surrender of any such Security for redemption
      in
      accordance with said notice, such Security shall be paid by the Company at
      the
      Redemption Price; provided, however, that (unless otherwise provided pursuant
      to
      Section 3.01) installments of interest that have a Stated Maturity on or prior
      to the Redemption Date for such Securities shall be payable according to the
      terms of such Securities and the provisions of Section 3.08. 

    
       

      
        
           

        

        
          27

          
            

          

        

        
           

        

      

    

    If
      any Security called for redemption shall not be so paid upon surrender
      thereof for redemption, the principal and premium, if any, shall, until paid,
      bear interest from the Redemption Date at the rate prescribed therefor in the
      Security. 

    Section
      4.06      Securities Redeemed in Part. Any Security that is
      to be redeemed only in part shall be surrendered at the Corporate Trust Office
      or such other office or agency of the Company as is specified pursuant to
      Section 3.01 with, if the Company, the Registrar or the Trustee so requires,
      due
      endorsement by, or a written instrument of transfer in form satisfactory to
      the
      Company, the Registrar and the Trustee duly executed by the Holder thereof
      or
      his, her or its attorney duly authorized in writing, and the Company shall
      execute, and the Trustee shall authenticate and deliver to the Holder of such
      Security without service charge, a new Security or Securities of the same
      series, of like tenor and form, of any authorized denomination as requested
      by
      such Holder in aggregate principal amount equal to and in exchange for the
      unredeemed portion of the principal of the Security so surrendered; except
      that
      if a Global Security is so surrendered, the Company shall execute, and the
      Trustee shall authenticate and deliver to the Depositary for such Global
      Security, without service charge, a new Global Security in a denomination equal
      to and in exchange for the unredeemed portion of the principal of the Global
      Security so surrendered. In the case of a Security providing appropriate space
      for such notation, at the option of the Holder thereof, the Trustee, in lieu
      of
      delivering a new Security or Securities as aforesaid, may make a notation on
      such Security of the payment of the redeemed portion thereof.

    ARTICLE
      V

     

    SINKING
      FUNDS

    
      	
               

            	
              Section
                5.01

            	
              Applicability
                of Sinking Fund.

            

    

    (a)       Redemption
      of Securities permitted or required pursuant to a sinking fund
      for the retirement of Securities of a series by the terms of such series of
      Securities shall be made in accordance with such terms of such series of
      Securities and this Article, except as otherwise specified pursuant to Section
      3.01 for Securities of such series, provided, however, that if any such terms
      of
      a series of Securities shall conflict with any provision of this Article, the
      terms of such series shall govern.

    (b)       The
      minimum amount of any sinking fund payment provided for by the terms of
      Securities of any series is herein referred to as a “Mandatory Sinking Fund
      Payment,” and any payment in excess of such minimum amount provided for by the
      terms of Securities of any series is herein referred to as an “Optional Sinking
      Fund Payment.” If provided for by the terms of Securities of
      any series, the cash amount of any Mandatory Sinking Fund Payment may be subject
      to reduction as provided in Section 5.02.

    
       

      
        
           

        

        
          28

          
            

          

        

        
           

        

      

    

    Section
      5.02      Mandatory Sinking Fund Obligation. The Company
      may, at its option, satisfy any Mandatory Sinking Fund Payment obligation,
      in
      whole or in part, with respect to a particular series of Securities by (a)
      delivering to the Trustee Securities of such series in transferable form
      theretofore purchased or otherwise acquired by the Company or redeemed at the
      election of the Company pursuant to Section 4.03 or (b) receiving credit for
      Securities of such series (not previously so credited) acquired by the Company
      and theretofore delivered to the Trustee. The Trustee shall credit such
      Mandatory Sinking Fund Payment obligation with an amount equal to the Redemption
      Price specified in such Securities for redemption through operation of the
      sinking fund and the amount of such Mandatory Sinking Fund Payment shall be
      reduced accordingly. If the Company shall elect to so satisfy any Mandatory
      Sinking Fund Payment obligation, it shall deliver to the Trustee not less than
      45 days prior to the relevant sinking fund payment date a written notice signed
      on behalf of the Company by its Chairman of the Board of Directors, its
      President, one of its Vice Presidents, its Treasurer or one of its Assistant
      Treasurers, which shall designate the Securities (and portions thereof, if
      any)
      so delivered or credited and which shall be accompanied by such Securities
      (to
      the extent not theretofore delivered) in transferable form. In case of the
      failure of the Company, at or before the time so required, to give such notice
      and deliver such Securities the Mandatory Sinking Fund Payment obligation shall
      be paid entirely in moneys.

    Section
      5.03      Optional Redemption at Sinking Fund Redemption Price. In addition to the
      sinking fund requirements of Section 5.02, to the
      extent, if any, provided for by the terms of a particular series of Securities,
      the Company may, at its option, make an Optional Sinking Fund Payment with
      respect to such Securities. Unless otherwise provided by such terms, (a) to
      the
      extent that the right of the Company to make such Optional Sinking Fund Payment
      shall not be exercised in any year, it shall not be cumulative or carried
      forward to any subsequent year, and (b) such optional payment shall operate
      to
      reduce the amount of any Mandatory Sinking Fund Payment obligation as to
      Securities of the same series. If the Company intends to exercise its right
      to
      make such optional payment in any year it shall deliver to the Trustee not
      less
      than 45 days prior to the relevant sinking fund payment date a certificate
      signed by its Chairman of the Board of Directors, its President, one of its
      Vice
      Presidents, its Treasurer or one of its Assistant Treasurers stating that the
      Company will exercise such optional right, and specifying the amount which
      the
      Company will pay on or before the next succeeding sinking fund payment date.
      Such certificate shall also state that no Event of Default has occurred and
      is
      continuing.

    
      	
               

            	
              Section
                5.04

            	
              Application
                of Sinking Fund Payment.

            

    

    (a)       If
      the
      sinking fund payment or payments made in funds pursuant to either Section 5.02
      or 5.03 with respect to a particular series of Securities plus any unused
      balance of any preceding sinking fund payments made in funds with respect to
      such series shall exceed $50,000 (or a lesser sum if the Company shall so
      request, or such equivalent sum for Securities denominated other than in U.S.
      Dollars), it shall be applied by the Trustee on the sinking fund payment date
      next following the date of such payment, unless the date of such payment shall
      be a sinking fund payment date, in which case such payment shall be applied
      on
      such sinking fund payment date, to the redemption of Securities of such series
      at the redemption price specified pursuant to Section
      4.03(b). The Trustee shall select, in the manner provided in Section 4.02,
      for
      redemption on such sinking fund payment date, a sufficient principal amount
      of
      Securities of such series to absorb said funds, as nearly as may be, and shall,
      at the expense and in the name of the Company, thereupon cause notice of
      redemption of the Securities to be given in substantially the manner provided
      in
      Section 4.03(a) for the redemption of Securities in part at the option of the
      Company, except that the notice of redemption shall also state that the
      Securities are being redeemed for the sinking fund. Any sinking fund moneys
      not
      so applied by the Trustee to the redemption of Securities of such series shall
      be added to the next sinking fund payment received in funds by the Trustee
      and,
      together with such payment, shall be applied in accordance with the provisions
      of this Section 5.04. Any and all sinking fund moneys held by the Trustee on
      the
      last sinking fund payment date with respect to Securities of such series, and
      not held for the payment or redemption of particular Securities of such series,
      shall be applied by the Trustee to the payment of the principal of the
      Securities of such series at Maturity. 

    
       

      
        
           

        

        
          29

          
            

          

        

        
           

        

      

    

    (b)       On
      or
      prior to each sinking fund payment date, the Company shall pay to the Trustee
      a
      sum equal to all interest accrued to but not including the date fixed for
      redemption on Securities to be redeemed on such sinking fund payment date
      pursuant to this Section 5.04. 

    (c)       The
      Trustee shall not redeem any Securities of a series with sinking fund moneys
      or
      mail any notice of redemption of Securities of such series by operation of
      the
      sinking fund during the continuance of a Default in payment of interest on
      any
      Securities of such series or of any Event of Default (other than an Event of
      Default occurring as a consequence of this paragraph) of which the Trustee
      has
      actual knowledge, except that if the notice of redemption of any Securities
      of
      such series shall theretofore have been mailed in accordance with the provisions
      hereof, the Trustee shall redeem such Securities if funds sufficient for that
      purpose shall be deposited with the Trustee in accordance with the terms of
      this
      Article. Except as aforesaid, any moneys in the sinking fund at the time any
      such Default or Event of Default shall occur and any moneys thereafter paid
      into
      the sinking fund shall, during the continuance of such Default or Event of
      Default, be held as security for the payment of all the Securities of such
      series; provided, however, that in case such Default or Event of Default shall
      have been cured or waived as provided herein, such moneys shall thereafter
      be
      applied on the next sinking fund payment date on which such moneys are required
      to be applied pursuant to the provisions of this Section 5.04.

    ARTICLE
      VI

     

    PARTICULAR
      COVENANTS OF THE COMPANY

    The
      Company hereby covenants and agrees as follows:

    Section
      6.01      Payments of Securities. The Company will duly
      and
      punctually pay the principal of and premium, if any, on each series of
      Securities, and the interest which shall have accrued thereon, at the dates
      and
      place and in the manner provided in the Securities and in this
      Indenture.

    
      	
               

            	
              Section
                6.02

            	
              Paying
                Agent.

            

    

     

    
      
         

      

      
        30

        
          

        

      

      
         

      

    

    
    

    (a)       The
      Company will maintain in each Place of Payment for any series of Securities,
      if
      any, an office or agency where Securities may be presented or surrendered for
      payment, where Securities of such series may be surrendered for registration
      of
      transfer or exchange and where notices and demands to or upon the Company in
      respect of the Securities and this Indenture may be served (the “Paying Agent”).
      The Company will 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 Paying Agent to receive
      all presentations, surrenders, notices and demands. 

    (b)       The
      Company may also from time to time designate different or additional offices
      or
      agencies where the Securities of any series may be presented or surrendered
      for
      any or all such purposes (in or outside of such Place of Payment), and may
      from
      time to time rescind any such designations; provided, however, that no such
      designation or rescission shall in any manner relieve the Company of its
      obligations described in the preceding paragraph. The Company will give prompt
      written notice to the Trustee of any such additional designation or rescission
      of designation and of any change in the location of any such different or
      additional office or agency. The Company shall enter into an appropriate agency
      agreement with any Paying Agent not a party to this Indenture. The agreement
      shall implement the provisions of this Indenture that relate to such agent.
      The
      Company shall notify the Trustee of the name and address of each such agent.
      The
      Company or any Affiliate thereof may act as Paying Agent.

    
      	
               

            	
              Section
                6.03

            	
              To
                Hold Payment in Trust.

            

    

    (a)       If
      the
      Company or an Affiliate thereof shall at any time act as Paying Agent with
      respect to any series of Securities, then, on or before the date on which the
      principal of and premium, if any, or interest on any of the Securities of that
      series by their terms or as a result of the calling thereof for redemption
      shall
      become payable, the Company or such Affiliate will segregate and hold in trust
      for the benefit of the Holders of such Securities or the Trustee a sum
      sufficient to pay such principal and premium, if any, or interest which shall
      have so become payable until such sums shall be paid to such Holders or
      otherwise disposed of as herein provided, and will notify the Trustee of its
      action or failure to act in that regard. Upon any proceeding under any federal
      bankruptcy laws with respect to the Company or any Affiliate thereof, if the
      Company or such Affiliate is then acting as Paying Agent, the Trustee shall
      replace the Company or such Affiliate as Paying Agent. 

    (b)       If
      the
      Company shall appoint, and at the time have, a Paying Agent for the payment
      of
      the principal of and premium, if any, or interest on any series of Securities,
      then prior to 11:00 a.m., New York City time, on the date on which the principal
      of and premium, if any, or interest on any of the Securities of that series
      shall become payable as aforesaid, whether by their terms or as a result of
      the
      calling thereof for redemption, the Company will deposit with such Paying Agent
      a sum sufficient to pay such principal and premium, if any, or interest, such
      sum to be held in trust for the benefit of the Holders of such Securities or
      the
      Trustee, and (unless such Paying Agent is the Trustee), the Company or any
      other
      obligor of such Securities will promptly notify the Trustee of its payment
      or
      failure to make such payment. 

    
      
        
        

      

      
        31

        
          

        

      

      
        
        

      

    

    
    

    (c)       If
      the
      Paying Agent shall be other than the Trustee, the Company will cause such Paying
      Agent to execute and deliver to the Trustee an instrument in which such Paying
      Agent shall agree with the Trustee, subject to the provisions of this Section
      6.03, that such Paying Agent shall: 

    (i)   hold
      all moneys held by it for
      the payment of the principal of and premium, if any, or interest on the
      Securities of that series in trust for the benefit of the Holders of such
      Securities until such sums shall be paid to such Holders or otherwise disposed
      of as herein provided; 

    (ii) 
 give
      to the Trustee notice of any
      Default by the Company or any other obligor upon the Securities of that series
      in the making of any payment of the principal of and premium, if any, or
      interest on the Securities of that series; and 

    (iii)
 
at
      any time during the continuance of
      any such Default, upon the written request of the Trustee, pay to the Trustee
      all sums so held in trust by such Paying Agent. 

    (d)       Anything
      in this Section 6.03 to the contrary notwithstanding, the Company may at any
      time, for the purpose of obtaining a release, satisfaction or discharge of
      this
      Indenture or for any other reason, pay or cause to be paid to the Trustee all
      sums held in trust by the Company or by any Paying Agent other than the Trustee
      as required by this Section 6.03, such sums to be held by the Trustee upon
      the
      same trusts as those upon which such sums were held by the Company or such
      Paying Agent. 

    (e)       Any
      money deposited with the Trustee or any Paying Agent, or then held by the
      Company, in trust for the payment of the principal of and premium, if any,
      or
      interest on any Security of any series and remaining unclaimed for two years
      after such principal and premium, if any, or interest has become due and payable
      shall be paid to the Company upon Company Order along with any interest that
      has
      accumulated thereon as a result of such money being invested at the direction
      of
      the Company, or (if then held by the Company) shall be discharged from such
      trust, and the Holder of such Security shall thereafter, as an unsecured general
      creditor, look only to the Company for payment of such amounts without interest
      thereon, and all liability of the Trustee or such Paying Agent with respect
      to
      such trust money, and all liability of the Company as trustee thereof, shall
      thereupon cease; provided, however, that the Trustee or such Paying Agent before
      being required to make any such repayment, may at the expense of the Company
      cause to be published once, in a newspaper published in the English language,
      customarily published on each Business Day and of general circulation in The
      City of New York, notice that such money remains unclaimed and that, after
      a
      date specified therein, which shall not be less than 30 days from the date
      of
      such publication, any unclaimed balance of such money then remaining will be
      repaid to the Company.

    Section
      6.04      Merger, Consolidation and Sale of Assets. Except
      as otherwise provided as contemplated by Section 3.01 with respect to any series
      of Securities:

    
      
        
        

      

      
        32

        
          

        

      

      
        
        

      

    

    
    

    (a)       The
      Company will not consolidate with any other entity or accept a merger of any
      other entity into the Company or permit the Company to be merged into any other
      entity, or sell other than for cash or lease all or substantially all its assets
      to another entity, or purchase all or substantially all the assets of another
      entity, unless (i) either the Company shall be the continuing entity, or the
      successor, transferee or lessee entity (if other than the Company) shall
      expressly assume, by indenture supplemental hereto satisfactory to the Trustee,
      executed and delivered by such entity prior to or simultaneously with such
      consolidation, merger, sale or lease, the due and punctual payment of the
      principal of and interest and premium, if any, on all the Securities, according
      to their tenor, and the due and punctual performance and observance of all
      other
      obligations to the Holders and the Trustee under this Indenture or under the
      Securities to be performed or observed by the Company; and (ii) immediately
      after such consolidation, merger, sale, lease or purchase the Company or the
      successor, transferee or lessee entity (if other than the Company) would not
      be
      in Default in the performance of any covenant or condition of this Indenture.
      A
      purchase by a Subsidiary of all or substantially all of the assets of another
      entity shall not be deemed to be a purchase of such assets by the Company.
      

    (b)       Upon
      any
      consolidation with or merger into any other entity, or any sale other than
      for
      cash, or any conveyance or lease of all or substantially all of the assets
      of
      the Company in accordance with this Section 6.04, the successor entity formed
      by
      such consolidation or into or with which the Company is merged or to which
      the
      Company is sold or to which such conveyance, transfer or lease is made 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 successor
      entity had been named as the Company herein, and thereafter, except in the
      case
      of a lease, the predecessor Company shall be relieved of all obligations and
      covenants under this Indenture and the Securities, and from time to time such
      entity may exercise each and every right and power of the Company under this
      Indenture, in the name of the Company, or in its own name; and any act or
      proceeding by any provision of this Indenture required or permitted to be done
      by the Board of Directors or any officer of the Company may be done with like
      force and effect by the like board or officer of any entity that shall at the
      time be the successor of the Company hereunder. In the event of any such sale
      or
      conveyance, but not any such lease, the Company (or any successor entity which
      shall theretofore have become such in the manner described in this Section
      6.04)
      shall be discharged from all obligations and covenants under this Indenture
      and
      the Securities and may thereupon be dissolved and liquidated.

    Section
      6.05      Compliance Certificate. Except as otherwise
      provided as contemplated by Section 3.01 with respect to any series of
      Securities, the Company shall furnish to the Trustee annually, within 120 days
      after the end of each fiscal year, a brief certificate from the principal
      executive officer, principal financial officer or principal accounting officer
      as to his or her knowledge of the Company’s compliance with all conditions and
      covenants under this Indenture (which compliance shall be determined without
      regard to any period of grace or requirement of notice provided under this
      Indenture) and, in the event of any Default, specifying each such Default and
      the nature and status thereof of which such person may have knowledge. Such
      certificates need not comply with Section 16.01 of this Indenture.

    Section
      6.06      Conditional Waiver by Holders of Securities.
      Anything in this Indenture to the contrary notwithstanding, the Company may
      fail
      or omit in any particular instance to comply with a covenant or condition set
      forth herein with respect to any series of Securities if the Company shall have obtained and filed with the Trustee,
      prior to the time
      of such failure or omission, evidence (as provided in Article VIII) of the
      consent of the Holders of a majority in aggregate principal amount of the
      Securities of such series at the time Outstanding, either waiving such
      compliance in such instance or generally waiving compliance with such covenant
      or condition, but no such waiver shall extend to or affect such covenant or
      condition except to the extent so expressly waived, or impair any right
      consequent thereon and, until such waiver shall have become effective, the
      obligations of the Company and the duties of the Trustee in respect of any
      such
      covenant or condition shall remain in full force and effect.

    
       

      
        
           

        

        
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    Section
      6.07      Statement by Officers as to Default. The Company
      shall deliver to the Trustee as soon as possible and in any event within 30
      days
      after the Company becomes aware of the occurrence of any Event of Default or
      an
      event which, with the giving of notice or the lapse of time or both, would
      constitute an Event of Default, an Officer’s Certificate setting forth the
      details of such Event of Default or Default and the action which the Company
      proposes to take with respect thereto.

    ARTICLE
      VII

     

    REMEDIES
      OF TRUSTEE AND SECURITYHOLDERS

    Section
      7.01      Events of Default. Except where otherwise
      indicated by the context or where the term is otherwise defined for a specific
      purpose, the term “Event of Default” as used in this Indenture with respect to
      Securities of any series shall mean one of the following described events unless
      it is either inapplicable to a particular series or it is specifically deleted
      or modified in the manner contemplated in Section 3.01: 

    (a)       the
      failure of the Company to pay any installment of interest on any Security of
      such series when and as the same shall become payable, which failure shall
      have
      continued unremedied for a period of 30 days; 

    (b)       the
      failure of the Company to pay the principal of (and premium, if any, on) any
      Security of such series, when and as the same shall become payable, whether
      at
      Maturity as therein expressed, by call for redemption (otherwise than pursuant
      to a sinking fund), by declaration as authorized by this Indenture or otherwise;
      

    (c)       the
      failure of the Company to pay a sinking fund installment, if any, when and
      as
      the same shall become payable by the terms of a Security of such series, which
      failure shall have continued unremedied for a period of 30 days; 

    (d)       the
      failure of the Company, subject to the provisions of Section 6.06, to perform
      any covenants or agreements contained in this Indenture (including any indenture
      supplemental hereto pursuant to which the Securities of such series were issued
      as contemplated by Section 3.01) (other than a covenant or agreement which
      has
      been expressly included in this Indenture solely for the benefit of a series
      of
      Securities other than that series and other than a covenant or agreement a
      default in the performance of which is elsewhere in this Section 7.01
      specifically addressed), which failure shall not have been remedied, or without
      provision deemed to be adequate for the remedying thereof having been made,
      for
      a period of 90 days after written notice shall have been
      given to the Company by the Trustee or shall have been given to the Company
      and
      the Trustee by Holders of 25% or more in aggregate principal amount of the
      Securities of such series then Outstanding, specifying such failure, requiring
      the Company to remedy the same and stating that such notice is a “Notice of
      Default” hereunder;

    
       

      
        
           

        

        
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    (e)       the
      entry by a court having jurisdiction in the premises of a decree or order for
      relief in respect of the Company in an involuntary case under the federal
      bankruptcy laws, as now or hereafter constituted, or any other applicable
      federal or state bankruptcy, insolvency or other similar law now or hereafter
      in
      effect, or appointing a receiver, liquidator, assignee, custodian, trustee
      or
      sequestrator (or similar official) of the Company or of substantially all the
      property of the Company or ordering the winding-up or liquidation of its affairs
      and such decree or order shall remain unstayed and in effect for a period of
      90
      consecutive days; 

    (f)        the
      commencement by the Company of a voluntary case under the federal
      bankruptcy laws, as now or hereafter constituted, or any other applicable
      federal or state bankruptcy, insolvency or other similar law now or hereafter
      in
      effect, or the consent by the Company to the entry of an order for relief in
      an
      involuntary case under any such law, or the consent by the Company to the
      appointment of or taking possession by a receiver, liquidator, assignee,
      trustee, custodian or sequestrator (or similar official) of the Company or
      of
      substantially all the property of the Company or the making by it of an
      assignment for the benefit of creditors or the admission by it in writing of
      its
      inability to pay its debts generally as they become due, or the taking of
      corporate action by the Company in furtherance of any action; or 

    (g)       the
      occurrence of any other Event of Default with respect to Securities of such
      series as provided in Section 3.01;

    provided,
      however, that no event described in clause (d), (e), (f) or
      (other than with respect to a payment default) (g) above shall constitute an
      Event of Default hereunder until a Responsible Officer assigned to and working
      in the Trustee’s corporate trust department has actual knowledge thereof or
      until a written notice of any such event is received by the Trustee at the
      Corporate Trust Office, and such notice refers to the facts underlying such
      event, the Securities generally, the Company and the Indenture.

    Notwithstanding
      the foregoing provisions of this Section 7.01, if the
      principal or any premium or interest on any Security is payable in a Currency
      other than the Currency of the United States and such Currency is not available
      to the Company for making payment thereof due to the imposition of exchange
      controls or other circumstances beyond the control of the Company, the Company
      will be entitled to satisfy its obligations to Holders of the Securities by
      making such payment in the Currency of the United States in an amount equal
      to
      the Currency of the United States equivalent of the amount payable in such
      other
      Currency, as determined by the Trustee by reference to the noon buying rate
      in
      The City of New York for cable transfers for such Currency (“Exchange Rate”), as
      such Exchange Rate is reported or otherwise made available by the Federal
      Reserve Bank of New York on the date of such payment, or, if such rate is not
      then available, on the basis of the most recently available Exchange Rate.
      Notwithstanding the foregoing provisions of this Section 7.01, any payment
      made
      under such circumstances in the Currency of the United States where the required
      payment is in a Currency other than the Currency of the
      United States will not constitute an Event of Default under this
      Indenture.

     

    
      
         

      

      
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              Section
                7.02

            	
              Acceleration;
                Recission and Annulment.

            

    

    (a)       Except
      as otherwise provided as contemplated by Section 3.01 with respect to any series
      of Securities, if any one or more of the above-described Events of Default
      (other than an Event of Default specified in Section 7.01(e) or 7.01(f)) shall
      happen with respect to Securities of any series at the time Outstanding, then,
      and in each and every such case, during the continuance of any such Event of
      Default, the Trustee or the Holders of 25% or more in principal amount of the
      Securities of such series then Outstanding may declare the principal (or, if
      the
      Securities of that series are Original Issue Discount Securities, such portion
      of the principal amount as may be specified in the terms of that series) of
      and
      all accrued but unpaid interest on all the Securities of such series then
      Outstanding to be due and payable immediately by a notice in writing to the
      Company (and to the Trustee if given by Holders), and upon any such declaration
      such principal amount (or specified amount) shall become immediately due and
      payable. If an Event of Default specified in Section 7.01(e) or 7.01(f) occurs
      and is continuing, then in every such case, the principal amount of all of
      the
      Securities of that series then Outstanding shall automatically, and without
      any
      declaration or any other action on the part of the Trustee or any Holder, become
      due and payable immediately. Upon payment of such amounts in the Currency in
      which such Securities are denominated (subject to Section 7.01 and except as
      otherwise provided pursuant to Section 3.01), all obligations of the Company
      in
      respect of the payment of principal of and interest on the Securities of such
      series shall terminate.

    (b)       This
      provision, however, is subject to the condition that, at any time after the
      principal of all the Securities of such series, to which any one or more of
      the
      above-described Events of Default is applicable, shall have been so declared
      to
      be due and payable, and before a judgment or decree for payment of the money
      due
      has been obtained by the Trustee as hereinafter provided in this Article, the
      Event of Default giving rise to such declaration of acceleration shall, without
      further act, be deemed to have been waived, and such declaration and its
      consequences shall, without further act, be deemed to have been rescinded and
      annulled, if:

    (i)    the
      Company has paid or
      deposited with the Trustee or Paying Agent a sum in the Currency in which such
      Securities are denominated (subject to Section 7.01 and except as otherwise
      provided pursuant to Section 3.01) sufficient to pay 

    (A)     all
      amounts owing
      the Trustee and any predecessor trustee hereunder under Section 11.01(a)
      (provided, however, that all sums payable under this clause (A) shall be paid
      in
      U.S. Dollars); 

    (B)      all
      arrears of
      interest, if any, upon all the Securities of such series (with interest, to
      the
      extent that interest thereon shall be legally enforceable, on any overdue
      installment of interest at the rate borne by the Securities at the rate or
      rates
      prescribed therefor in such Securities); and

    
      
        
        

      

      
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    (C)      the
      principal
      of and premium, if any, on any Securities of such series that have become due
      otherwise than by such declaration of acceleration and interest
      thereon;

    (ii)   every
      other Default and Event
      of Default with respect to Securities of that series, other than the non-payment
      of the principal of Securities of that series which have become due solely
      by
      such declaration of acceleration, have been cured or waived as provided in
      Section 7.06.

    (c)       No
      such
      rescission shall affect any subsequent default or impair any right consequent
      thereon.

    (d)       For
      all
      purposes under this Indenture, if a portion of the principal of any Original
      Issue Discount Securities shall have been accelerated and declared due and
      payable pursuant to the provisions hereof, then, from and after such
      declaration, unless such declaration has been rescinded and annulled, the
      principal amount of such Original Issue Discount Securities shall be deemed,
      for
      all purposes hereunder, to be such portion of the principal thereof as shall
      be
      due and payable as a result of such acceleration, and payment of such portion
      of
      the principal thereof as shall be due and payable as a result of such
      acceleration, together with interest, if any, thereon and all other amounts
      owing thereunder, shall constitute payment in full of such Original Issue
      Discount Securities. 

    Section
      7.03      Other Remedies. If the Company shall
      fail for a
      period of 30 days to pay any installment of interest on the Securities of any
      series or shall fail to pay the principal of and premium, if any, on any of
      the
      Securities of such series when and as the same shall become due and payable,
      whether at Maturity, or by call for redemption (other than pursuant to the
      sinking fund), by declaration as authorized by this Indenture, or otherwise,
      or
      shall fail for a period of 30 days to make any required sinking fund payment
      as
      to a series of Securities, then, upon demand of the Trustee, the Company will
      pay to the Paying Agent for the benefit of the Holders of Securities of such
      series then Outstanding the whole amount which then shall have become due and
      payable on all the Securities of such series, with interest on the overdue
      principal and premium, if any, and (so far as the same may be legally
      enforceable) on the overdue installments of interest at the rate borne by the
      Securities of such series, and all amounts owing the Trustee and any predecessor
      trustee hereunder under Section 11.01(a). 

    In
      case the Company shall fail forthwith to pay such amounts upon such
      demand, the Trustee, in its own name and as trustee of an express trust, shall
      be entitled and empowered to institute any action or proceeding at law or in
      equity for the collection of the sums so due and unpaid, and may prosecute
      any
      such action or proceeding to judgment or final decree, and may enforce any
      such
      judgment or final decree against the Company or any other obligor upon the
      Securities of such series, and collect the moneys adjudged or decreed to be
      payable out of the property of the Company or any other obligor upon the
      Securities of such series, wherever situated, in the manner provided by law.
      Every recovery of judgment in any such action or other proceeding, subject
      to
      the payment to the Trustee of all amounts owing the Trustee and any predecessor
      trustee hereunder under Section 11.01(a), shall be for the ratable benefit
      of
      the Holders of such series of Securities which shall be the subject of such
      action or proceeding. All rights of action upon or under any
      of the Securities or this Indenture may be enforced by the Trustee without
      the
      possession of any of the Securities and without the production of any thereof
      at
      any trial or any proceeding relative thereto.

    
       

      
        
           

        

        
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    Section
      7.04      Trustee as Attorney-in-Fact. The Trustee is
      hereby appointed, and each and every Holder of the Securities, by receiving
      and
      holding the same, shall be conclusively deemed to have appointed the Trustee,
      the true and lawful attorney-in-fact of such Holder, with authority to make
      or
      file (whether or not the Company shall be in Default in respect of the payment
      of the principal of, or interest on, any of the Securities), in its own name
      and
      as trustee of an express trust or otherwise as it shall deem advisable, in
      any
      receivership, insolvency, liquidation, bankruptcy, reorganization or other
      judicial proceeding relative to the Company or any other obligor upon the
      Securities or to their respective creditors or property, any and all claims,
      proofs of claim, proofs of debt, petitions, consents, other papers and documents
      and amendments of any thereof, as may be necessary or advisable in order to
      have
      the claims of the Trustee and any predecessor trustee hereunder and of the
      Holders of the Securities allowed in any such proceeding and to collect and
      receive any moneys or other property payable or deliverable on any such claim,
      and to execute and deliver any and all other papers and documents and to do
      and
      perform any and all other acts and things, as it may deem necessary or advisable
      in order to enforce in any such proceeding any of the claims of the Trustee
      and
      any predecessor trustee hereunder and of any of such Holders in respect of
      any
      of the Securities; and any receiver, assignee, trustee, custodian or debtor
      in
      any such proceeding is hereby authorized, and each and every taker or Holder
      of
      the Securities, by receiving and holding the same, shall be conclusively deemed
      to have authorized any such receiver, assignee, trustee, custodian or debtor,
      to
      make any such payment or delivery only to or on the order of the Trustee, and
      to
      pay to the Trustee any amount due it and any predecessor trustee hereunder
      under
      Section 11.01(a); provided, however, that nothing herein contained shall be
      deemed to authorize or empower the Trustee to consent to or accept or adopt,
      on
      behalf of any Holder of Securities, any plan of reorganization or readjustment
      affecting the Securities or the rights of any Holder thereof, or to authorize
      or
      empower the Trustee to vote in respect of the claim of any Holder of any
      Securities in any such proceeding.

    Section
      7.05      Priorities. Any moneys or properties
      collected by
      the Trustee with respect to a series of Securities under this Article VII shall
      be applied in the order following, at the date or dates fixed by the Trustee
      for
      the distribution of such moneys or properties and, in the case of the
      distribution of such moneys or properties on account of the Securities of any
      series, upon presentation of the Securities of such series, and stamping thereon
      the payment, if only partially paid, and upon surrender thereof, if fully paid:
      

    First:
      To the payment of all amounts due to the Trustee and any
      predecessor trustee hereunder under Section 11.01(a). 

    Second:
      In case the principal of the Outstanding Securities of such
      series shall not have become due and be unpaid, to the payment of interest
      on
      the Securities of such series, in the chronological order of the Maturity of
      the
      installments of such interest, with interest (to the extent that such interest
      has been collected by the Trustee) upon the overdue installments of interest
      at
      the rate borne by such Securities, such payments to be made ratably to the
      Persons entitled thereto. 

    
       

      
        
           

        

        
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    Third:
      In case the principal of the Outstanding Securities of such series
      shall have become due, by declaration or otherwise, to the payment of the whole
      amount then owing and unpaid upon the Securities of such series for principal
      and premium, if any, and interest, with interest on the overdue principal and
      premium, if any, and (to the extent that such interest has been collected by
      the
      Trustee) upon overdue installments of interest at the rate borne by the
      Securities of such series, and in case such moneys shall be insufficient to
      pay
      in full the whole amounts so due and unpaid upon the Securities of such series,
      then to the payment of such principal and premium, if any, and interest without
      preference or priority of principal and premium, if any, over interest, or
      of
      interest over principal and premium, if any, or of any installment of interest
      over any other installment of interest, or of any Security of such series over
      any other Security of such series, ratably to the aggregate of such principal
      and premium, if any, and accrued and unpaid interest. 

    Any
      surplus then remaining shall be paid to the Company or as directed by
      a court of competent jurisdiction.

    Section
      7.06      Control by Securityholders; Waiver of Past Defaults. The Holders of a majority
      in principal amount of the Securities of any
      series at the time Outstanding may direct the time, method and place of
      conducting any proceeding for any remedy available to the Trustee hereunder,
      or
      of exercising any trust or power hereby conferred upon the Trustee with respect
      to the Securities of such series, provided, however, that, subject to the
      provisions of Sections 11.01 and 11.02, the Trustee shall have the right to
      decline to follow any such direction if the Trustee being advised by counsel
      determines that the action so directed may not lawfully be taken or would be
      unduly prejudicial to Holders not joining in such direction or would involve
      the
      Trustee in personal liability. Prior to any declaration accelerating the
      Maturity of the Securities of any series, the Holders of a majority in aggregate
      principal amount of such series of Securities at the time Outstanding may on
      behalf of the Holders of all of the Securities of such series waive any past
      Default or Event of Default hereunder and its consequences except a Default
      in
      the payment of interest or any premium on or the principal of the Securities
      of
      such series. Upon any such waiver the Company, the Trustee and the Holders
      of
      the Securities of such series shall be restored to their former positions and
      rights hereunder, respectively; but no such waiver shall extend to any
      subsequent or other Default or Event of Default or impair any right consequent
      thereon. Whenever any Default or Event of Default hereunder shall have been
      waived as permitted by this Section 7.06, said Default or Event of Default
      shall
      for all purposes of the Securities of such series and this Indenture be deemed
      to have been cured and to be not continuing.

    Section
      7.07      Limitation on Suits. No Holder of any Security
      of
      any series shall have any right to institute any action, suit or proceeding
      at
      law or in equity for the execution of any trust hereunder or for the appointment
      of a receiver or for any other remedy hereunder, in each case with respect
      to an
      Event of Default with respect to such series of Securities, unless such Holder
      previously shall have given to the Trustee written notice of one or more of
      the
      Events of Default herein specified with respect to such series of Securities,
      and unless also the Holders of 25% in principal amount of the Securities of
      such
      series then Outstanding shall have requested the Trustee in writing to take
      action in respect of the matter complained of, and unless also there shall
      have
      been offered to the Trustee security and indemnity satisfactory to it against
      the costs, expenses and liabilities to be incurred therein
      or thereby, and the Trustee, for 60 days after receipt of such notification,
      request and offer of indemnity, shall have neglected or refused to institute
      any
      such action, suit or proceeding; and such notification, request and offer of
      indemnity are hereby declared in every such case to be conditions precedent
      to
      any such action, suit or proceeding by any Holder of any Security of such
      series; it being understood and intended that no one or more of the Holders
      of
      Securities of such series shall have any right in any manner whatsoever by
      his,
      her, its or their action to enforce any right hereunder, except in the manner
      herein provided, and that every action, suit or proceeding at law or in equity
      shall be instituted, had and maintained in the manner herein provided and for
      the equal benefit of all Holders of the Outstanding Securities of such series;
      provided, however, that nothing in this Indenture or in the Securities of such
      series shall affect or impair the obligation of the Company, which is absolute
      and unconditional, to pay the principal of, premium, if any, and interest on
      the
      Securities of such series to the respective Holders of such Securities at the
      respective due dates in such Securities stated, or affect or impair the right,
      which is also absolute and unconditional, of such Holders to institute suit
      to
      enforce the payment thereof.

    
       

      
        
           

        

        
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    Section
      7.08      Undertaking for Costs. All parties to this
      Indenture and each Holder of any Security, by such Holder’s acceptance thereof,
      shall be deemed to have agreed that any court may in its discretion require,
      in
      any action, suit or proceeding for the enforcement of any right or remedy under
      this Indenture, or in any action, suit or proceeding against the Trustee for
      any
      action taken or omitted by it as Trustee, the filing by any party litigant
      in
      such action, suit or proceeding of an undertaking to pay the costs of such
      action, suit or proceeding, and that such court may in its discretion assess
      reasonable costs, including reasonable attorneys’ fees, against any party
      litigant in such action, suit or proceeding, having due regard to the merits
      and
      good faith of the claims or defenses made by such party litigant; provided,
      however, that the provisions of this Section 7.08 shall not apply to any action,
      suit or proceeding instituted by the Trustee, to any action, suit or proceeding
      instituted by any one or more Holders of Securities holding in the aggregate
      more than 10% in principal amount of the Securities of any series Outstanding,
      or to any action, suit or proceeding instituted by any Holder of Securities
      of
      any series for the enforcement of the payment of the principal of or premium,
      if
      any, or the interest on, any of the Securities of such series, on or after
      the
      respective due dates expressed in such Securities.

    Section
      7.09      Remedies Cumulative. No remedy herein conferred
      upon or reserved to the Trustee or to the Holders of Securities of any series
      is
      intended to be exclusive of any other remedy or remedies, and each and every
      remedy shall be cumulative and shall be in addition to every other remedy given
      hereunder or now or hereafter existing at law or in equity or by statute. No
      delay or omission of the Trustee or of any Holder of the Securities of any
      series to exercise any right or power accruing upon any Default or Event of
      Default shall impair any such right or power or shall be construed to be a
      waiver of any such Default or Event of Default or an acquiescence therein;
      and
      every power and remedy given by this Article VII to the Trustee and to the
      Holders of Securities of any series, respectively, may be exercised from time
      to
      time and as often as may be deemed expedient by the Trustee or by the Holders
      of
      Securities of such series, as the case may be. In case the Trustee or any Holder
      of Securities of any series shall have proceeded to enforce any right under
      this
      Indenture and the proceedings for the enforcement thereof shall have been
      discontinued or abandoned because of waiver or for any other reason or shall
      have been adjudicated adversely to the Trustee or to such Holder of Securities,
      then and in every such case the Company, the Trustee and the
      Holders of the Securities of such series shall severally and respectively be
      restored to their former positions and rights hereunder, and thereafter all
      rights, remedies and powers of the Trustee and the Holders of the Securities
      of
      such series shall continue as though no such proceedings had been taken, except
      as to any matters so waived or adjudicated.

     

    
      
         

      

      
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    ARTICLE
      VIII

     

    CONCERNING
      THE SECURITYHOLDERS

    Section
      8.01      Evidence of Action of Securityholders. Whenever
      in this Indenture it is provided that the Holders of a specified percentage
      or a
      majority in aggregate principal amount of the Securities or of any series of
      Securities may take any action (including the making of any demand or request,
      the giving of any notice, consent or waiver or the taking of any other action),
      the fact that at the time of taking any such action the Holders of such
      specified percentage or majority have joined therein may be evidenced by (a)
      any
      instrument or any number of instruments of similar tenor executed by
      Securityholders in person, by an agent or by a proxy appointed in writing,
      including through an electronic system for tabulating consents operated by
      the
      Depositary for such series or otherwise (such action becoming effective, except
      as herein otherwise expressly provided, when such instruments or evidence of
      electronic consents are delivered to the Trustee and, where it is hereby
      expressly required, to the Company), or (b) by the record of the Holders of
      Securities voting in favor thereof at any meeting of Securityholders duly called
      and held in accordance with the provisions of Article IX, or (c) by a
      combination of such instrument or instruments and any such record of such a
      meeting of Securityholders.

    Section
      8.02      Proof of Execution or Holding of Securities.
      Proof of the execution of any instrument by a Securityholder or his, her or
      its
      agent or proxy and proof of the holding by any Person of any of the Securities
      shall be sufficient if made in the following manner: 

    (a)       The
      fact
      and date of the execution by any Person of any such instrument may be proved
      (i)
      by the certificate of any notary public or other officer in any jurisdiction
      who, by the laws thereof, has power to take acknowledgments or proof of deeds
      to
      be recorded within such jurisdiction, that the Person who signed such instrument
      did acknowledge before such notary public or other officer the execution
      thereof, or (ii) by the affidavit of a witness of such execution sworn to before
      any such notary or other officer. Where such execution is by a Person acting
      in
      other than his or her individual capacity, such certificate or affidavit shall
      also constitute sufficient proof of his or her authority. 

    (b)       The
      ownership of Securities of any series shall be proved by the Register of such
      Securities or by a certificate of the Registrar for such series. 

    (c)       The
      record of any Holders’ meeting shall be proved in the manner provided in Section
      9.06. 

    (d)       The
      Trustee may require such additional proof of any matter referred to in this
      Section 8.02 as it shall deem appropriate or necessary, so long as the request
      is a reasonable one. 

    
       

      
        
           

        

        
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    (e)       If
      the
      Company shall solicit from the Holders of Securities of any series any action,
      the Company may, at its option fix in advance a record date for the
      determination of Holders of Securities entitled to take such action, but the
      Company shall have no obligation to do so. Any such record date shall be fixed
      at the Company’s discretion. If such a record date is fixed, such action may be
      sought or given before or after the record date, but only the Holders of
      Securities of record at the close of business on such record date shall be
      deemed to be Holders of Securities for the purpose of determining whether
      Holders of the requisite proportion of Outstanding Securities of such series
      have authorized or agreed or consented to such action, and for that purpose
      the
      Outstanding Securities of such series shall be computed as of such record
      date.

    
      	
               

            	
              Section
                8.03

            	
              Persons
                Deemed Owners.

            

    

    (a)       The
      Company, the Trustee and any agent of the Company or the Trustee may treat
      the
      Person in whose name any Security is registered as the owner of such Security
      for the purpose of receiving payment of principal of and premium, if any, and
      (subject to Section 3.08) interest, if any, on, such Security and for all other
      purposes whatsoever, whether or not such Security be overdue, and neither the
      Company, the Trustee nor any agent of the Company or the Trustee shall be
      affected by notice to the contrary. All payments made to any Holder, or upon
      his, her or its order, shall be valid, and, to the extent of the sum or sums
      paid, effectual to satisfy and discharge the liability for moneys payable upon
      such Security. 

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

    Section
      8.04      Effect of Consents. After an amendment,
      supplement, waiver or other action becomes effective as to any series of
      Securities, a consent to it by a Holder of such series of Securities is a
      continuing consent conclusive and binding upon such Holder and every subsequent
      Holder of the same Securities or portion thereof, and of any Security issued
      upon the transfer thereof or in exchange therefor or in place thereof, even
      if
      notation of the consent is not made on any such Security. An amendment,
      supplement or waiver becomes effective in accordance with its terms and
      thereafter binds every Holder.

    ARTICLE
      IX

     

    SECURITYHOLDERS'
      MEETINGS

    Section
      9.01      Purposes of Meetings. A meeting of
      Securityholders of any or all series may be called at any time and from time
      to
      time pursuant to the provisions of this Article IX for any of the following
      purposes: 

    (a)       to
      give
      any notice to the Company or to the Trustee, or to give any directions to the
      Trustee, or to consent to the waiving of any Default hereunder and its
      consequences, or to take any other action authorized to be taken by
      Securityholders pursuant to any of the provisions of Article VIII; 

    
       

      
        
           

        

        
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    (b)       to
      remove the Trustee and nominate a successor trustee pursuant to the provisions
      of Article XI; 

    (c)       to
      consent to the execution of an Indenture or of indentures supplemental hereto
      pursuant to the provisions of Section 14.02; or 

    (d)       to
      take
      any other action authorized to be taken by or on behalf of the Holders of any
      specified aggregate principal amount of the Securities of any one or more or
      all
      series, as the case may be, under any other provision of this Indenture or
      under
      applicable law.

    Section
      9.02      Call of Meetings by Trustee. The Trustee may at
      any time call a meeting of all Securityholders of all series that may be
      affected by the action proposed to be taken, to take any action specified in
      Section 9.01, to be held at such time and at such place as the Trustee shall
      determine. Notice of every meeting of the Securityholders of a series, setting
      forth the time and the place of such meeting and in general terms the action
      proposed to be taken at such meeting, shall be mailed to Holders of Securities
      of such series at their addresses as they shall appear on the Register of the
      Company. Such notice shall be mailed not less than 20 nor more than 90 days
      prior to the date fixed for the meeting.

    Section
      9.03      Call of Meetings by Company or Securityholders.
      In case at any time the Company or the Holders of at least 10% in aggregate
      principal amount of the Securities of a series (or of all series, as the case
      may be) then Outstanding that may be affected by the action proposed to be
      taken, shall have requested the Trustee to call a meeting of Securityholders
      of
      such series (or of all series), by written request setting forth in reasonable
      detail the action proposed to be taken at the meeting, and the Trustee shall
      not
      have mailed the notice of such meeting within 20 days after receipt of such
      request, then the Company or such Securityholders may determine the time and
      the
      place for such meeting and may call such meeting to take any action authorized
      in Section 9.01, by mailing notice thereof as provided in Section
      9.02.

    Section
      9.04      Qualifications for Voting. To be entitled to vote
      at any meeting of Securityholders, a Person shall (a) be a Holder of one or
      more
      Securities affected by the action proposed to be taken at the meeting or (b)
      be
      a Person appointed by an instrument in writing as proxy by a Holder of one
      or
      more such Securities. The only Persons who shall be entitled to be present
      or to
      speak at any meeting of Securityholders shall be the Persons entitled to vote
      at
      such meeting and their counsel and any representatives of the Trustee and its
      counsel and any representatives of the Company and its counsel.

    
      	
               

            	
              Section
                9.05

            	
              Regulation
                of Meetings.

            

    

    (a)       Notwithstanding
      any other provisions of this Indenture, the Trustee may
      make such reasonable regulations as it may deem advisable for any meeting of
      Securityholders, in regard to proof of the holding of Securities and of the
      appointment of proxies, and in regard to the appointment and duties of
      inspectors of votes, the submission and examination of proxies, certificates
      and
      other evidence of the right to vote, and such other matters concerning the
      conduct of the meeting as it shall deem fit. 

    (b)       The
      Trustee shall, by an instrument in writing, appoint a temporary chairman of
      the
      meeting, unless the meeting shall have been called by the Company or by
Securityholders as provided in Section 9.03, in which
      case
      the Company or the Securityholders calling the meeting, as the case may be,
      shall in like manner appoint a temporary chair. A permanent chairman and a
      permanent secretary of the meeting shall be elected by majority vote of the
      meeting. 

    
       

      
        
           

        

        
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    (c)       At
      any
      meeting of Securityholders of a series, each Securityholder of such series
      of
      such Securityholder’s proxy shall be entitled to one vote for each $1,000
      principal amount of Securities of such series Outstanding held or represented
      by
      him; provided, however, that no vote shall be cast or counted at any meeting
      in
      respect of any Security challenged as not Outstanding and ruled by the chairman
      of the meeting to be not Outstanding. The chairman of the meeting shall have
      no
      right to vote other than by virtue of Securities of such series held by him
      or
      her or instruments in writing as aforesaid duly designating him or her as the
      Person to vote on behalf of other Securityholders. At any meeting of the
      Securityholders duly called pursuant to the provisions of Section 9.02 or 9.03
      the presence of Persons holding or representing Securities in an aggregate
      principal amount sufficient to take action upon the business for the transaction
      of which such meeting was called shall be necessary to constitute a quorum,
      and
      any such meeting may be adjourned from time to time by a majority of those
      present, whether or not constituting a quorum, and the meeting may be held
      as so
      adjourned without further notice.

    Section
      9.06      Voting. The vote upon any resolution
      submitted to
      any meeting of Securityholders of a series shall be by written ballots on which
      shall be subscribed the signatures of the Holders of Securities of such series
      or of their representatives by proxy and the principal amounts of the Securities
      of such series held or represented by them. The permanent chairman of the
      meeting shall appoint two inspectors of votes who shall count all votes cast
      at
      the meeting for or against any resolution and who shall make and file with
      the
      secretary of the meeting their verified written reports in duplicate of all
      votes cast at the meeting. A record in duplicate of the proceedings of each
      meeting of Securityholders shall be prepared by the secretary of the meeting
      and
      there shall be attached to said record the original reports of the inspectors
      of
      votes on any vote by ballot taken thereat and affidavits by one or more Persons
      having knowledge of the facts setting forth a copy of the notice of the meeting
      and showing that said notice was mailed as provided in Section 9.02. The record
      shall show the principal amounts of the Securities voting in favor of or against
      any resolution. The record shall be signed and verified by the affidavits of
      the
      permanent chairman and secretary of the meeting and one of the duplicates shall
      be delivered to the Company and the other to the Trustee to be preserved by
      the
      Trustee. 

    Any
      record so signed and verified shall be conclusive evidence of the
      matters therein stated.

    Section
      9.07      No
      Delay of Rights by Meeting. Nothing contained in this
      Article IX shall be deemed or construed to authorize or permit, by reason of
      any
      call of a meeting of Securityholders of any series or any rights expressly
      or
      impliedly conferred hereunder to make such call, any hindrance or delay in
      the
      exercise of any right or rights conferred upon or reserved to the Trustee or
      to
      the Securityholders of such series under any of the provisions of this Indenture
      or of the Securities of such series.

    
       

       

      
        
           

        

        
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    ARTICLE
      X

     

    REPORTS
      BY THE COMPANY AND THE TRUSTEE AND

    SECURITYHOLDERS'
      LISTS

    
      	
               

            	
              Section
                10.01

            	
              Reports
                by Trustee.

            

    

    (a)       So
      long
      as any Securities are outstanding, the Trustee shall transmit to Holders such
      reports concerning the Trustee and its actions under this Indenture as may
      be
      required pursuant to the Trust Indenture Act at the times and in the manner
      provided therein. If required by Section 313(a) of the Trust Indenture Act,
      the
      Trustee shall, within 60 days after each ___________ following the date of
      this
      Indenture deliver to Holders a brief report which complies with the provisions
      of such Section 313(a).

    (b)       The
      Trustee shall, at the time of the transmission to the Holders of Securities
      of
      any report pursuant to the provisions of this Section 10.01, file a copy of
      such
      report with each stock exchange upon which the Securities are listed, if any,
      and also with the SEC in respect of a Security listed and registered on a
      national securities exchange, if any. The Company agrees to notify the Trustee
      when, as and if the Securities become listed on any stock exchange.

    The
      Company will reimburse the Trustee for all expenses incurred in the
      preparation and transmission of any report pursuant to the provisions of this
      Section 10.01 and of Section 10.02.

    Section
      10.02    Reports by
      the Company. The Company shall file with the Trustee and
      the SEC, and transmit to Holders, such information, documents and other reports,
      and such summaries thereof, as may be required pursuant to the Trust Indenture
      Act at the times and in the manner provided in the Trust Indenture Act; provided
      that, unless available on EDGAR, any such information, documents or reports
      required to be filed with the SEC pursuant to Section 13 or 15(d) of the
      Exchange Act shall be filed with the Trustee within 30 days after the same is
      filed with the SEC.

    Section
      10.03    Securityholders’ Lists. The Company covenants
      and
      agrees that it will furnish or cause to be furnished to the Trustee:

    (a)       semi-annually,
      within 15 days after each Record Date, but in any event
      not less frequently than semi-annually, a list in such form as the Trustee
      may
      reasonably require of the names and addresses of the Holders of Securities
      to
      which such Record Date applies, as of such Record Date, and 

    (b)       at
      such
      other times as the Trustee may request in writing, within 30 days after receipt
      by the Company of any such request, a list of similar form and content as of
      a
      date not more than 15 days prior to the time such list is
      furnished;

    provided,
      however, that so long as the Trustee shall be the Registrar,
      such lists shall not be required to be furnished.

    
       

      
        
           

        

        
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    ARTICLE
      XI

     

    CONCERNING
      THE TRUSTEE

    Section
      11.01    Rights of
      Trustees; Compensation and Indemnity. The Trustee
      accepts the trusts created by this Indenture upon the terms and conditions
      hereof, including the following, to all of which the parties hereto and the
      Holders from time to time of the Securities agree: 

    (a)       The
      Trustee shall be entitled to such compensation as the Company and the Trustee
      shall from time to time agree for all services rendered by it hereunder
      (including in any agent capacity in which it acts). The compensation of the
      Trustee shall not be limited by any provision of law in regard to the
      compensation of a trustee of an express trust. The Company shall reimburse
      the
      Trustee promptly upon its request for all reasonable out-of-pocket expenses,
      disbursements and advances incurred or made by the Trustee (including the
      reasonable expenses and disbursements of its agents and counsel), except any
      such expense, disbursement or advance as may be attributable to its negligence,
      bad faith or willful misconduct. 

    The
      Company also agrees to indemnify each of the Trustee and any
      predecessor Trustee hereunder for, and to hold it harmless against, any and
      all
      loss, liability, damage, claim, or expense incurred without its own negligence,
      bad faith or willful misconduct, arising out of or in connection with the
      acceptance or administration of the trust or trusts hereunder and the
      performance of its duties (including in any agent capacity in which it acts),
      as
      well as the costs and expenses of defending itself against any claim or
      liability in connection with the exercise or performance of any of its powers
      or
      duties hereunder, except those attributable to its negligence, willful
      misconduct or bad faith. The Trustee shall notify the Company promptly of any
      claim for which it may seek indemnity. The Company shall defend the claim and
      the Trustee shall cooperate in the defense. The Trustee may have one 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.

    As
      security for the performance of the obligations of the Company under
      this Section 11.01(a), the Trustee shall have a lien upon all property and
      funds
      held or collected by the Trustee as such, except funds held in trust by the
      Trustee to pay principal of and interest on any Securities. Notwithstanding
      any
      provisions of this Indenture to the contrary, the obligations of the Company
      to
      compensate and indemnify the Trustee under this Section 11.01(a) shall survive
      the resignation or removal of the Trustee and any satisfaction and discharge
      under Article XII. When the Trustee incurs expenses or renders services after
      an
      Event of Default specified in clause (e) or (f) of Section 7.01 occurs, the
      expenses and compensation for the services are intended to constitute expenses
      of administration under any applicable federal or state bankruptcy, insolvency
      or similar laws. 

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

    
       

      
        
           

        

        
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    (c)       The
      Trustee shall not be responsible in any manner whatsoever for the correctness
      of
      the recitals herein or in the Securities (except its certificates of
      authentication thereon) contained, all of which are made solely by the Company;
      and the Trustee shall not be responsible or accountable in any manner whatsoever
      for or with respect to the validity or execution or sufficiency of this
      Indenture or of the Securities (except its certificates of authentication
      thereon), and the Trustee makes no representation with respect thereto, except
      that the Trustee represents that it is duly authorized to execute and deliver
      this Indenture, authenticate the Securities and perform its obligations
      hereunder and that the statements made by it in a Statement of Eligibility
      on
      Form T-1 supplied to the Company are true and accurate, subject to the
      qualifications set forth therein. The Trustee shall not be accountable for
      the
      use or application by the Company of any Securities, or the proceeds of any
      Securities, authenticated and delivered by the Trustee in conformity with the
      provisions of this Indenture. 

    (d)       The
      Trustee may consult with counsel of its selection, and, to the extent permitted
      by Section 11.02, any Opinion of Counsel shall be full and complete
      authorization and protection in respect of any action taken or suffered by
      the
      Trustee hereunder in good faith and in accordance with such Opinion of Counsel.
      

    (e)       The
      Trustee, to the extent permitted by Section 11.02, may rely upon the certificate
      of the Secretary or one of the Assistant Secretaries of the Company as to the
      adoption of any Board Resolution or resolution of the stockholders of the
      Company, and any request, direction, order or demand of the Company mentioned
      herein shall be sufficiently evidenced by, and whenever in the administration
      of
      this Indenture the Trustee shall deem it desirable that a matter be proved
      or
      established prior to taking, offering or omitting any action hereunder, the
      Trustee may rely upon, an Officer’s Certificate of the Company (unless other
      evidence in respect thereof be herein specifically prescribed). 

    (f)        Subject
      to Section 11.04, the Trustee or any agent of the Trustee, in its
      individual or any other capacity, may become the owner or pledgee of Securities
      and, subject to Sections 310(b) and 311 of the Trust Indenture Act, may
      otherwise deal with the Company with the same rights it would have had if it
      were not the Trustee or such agent. 

    (g)       Money
      held by the Trustee in trust hereunder need not be segregated from other funds
      except to the extent required by law. The Trustee shall be under no liability
      for interest on any money received by it hereunder except as otherwise agreed
      with the Company. 

    (h)       Any
      action taken by the Trustee pursuant to any provision hereof at the request
      or
      with the consent of any Person who at the time is the Holder of any Security
      shall be conclusive and binding in respect of such Security upon all future
      Holders thereof or of any Security or Securities which may be issued for or
      in
      lieu thereof in whole or in part, whether or not such Security shall have noted
      thereon the fact that such request or consent had been made or given.

    (i)        Subject
      to the provisions of Section 11.02, the Trustee may conclusively
      rely and shall be protected in acting or refraining from acting upon any
      resolution, certificate, statement, instrument, opinion, report, notice,
      request, consent, order, approval, bond, debenture or other
      paper or document believed by it to be genuine and to have been signed or
      presented by the proper party or parties. 

    
       

      
        
           

        

        
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    (j)        Subject
      to the provisions of Section 11.02, the Trustee shall not be
      under any obligation to exercise any of the rights or powers vested in it by
      this Indenture at the request, order or direction of any of the Holders of
      the
      Securities, pursuant to any provision of this Indenture, unless one or more
      of
      the Holders of the Securities shall have offered to the Trustee security or
      indemnity satisfactory to it against the costs, expenses and liabilities which
      may be incurred by it therein or thereby. 

    (k)       Subject
      to the provisions of Section 11.02, the Trustee shall not be liable for any
      action taken or omitted by it in good faith and believed by it to be authorized
      or within its discretion or within the rights or powers conferred upon it by
      this Indenture. 

    (l)        Subject
      to the provisions of Section 11.02, the Trustee shall not be
      deemed to have knowledge or notice of any Default or Event of Default unless
      a
      Responsible Officer of the Trustee has actual knowledge thereof or unless the
      Holders of not less than 25% of the Outstanding Securities notify the Trustee
      thereof. 

    (m)      Subject
      to the
      provisions of the first paragraph of Section 11.02, the Trustee shall not be
      bound to make any investigation into the facts or matters stated in any
      resolution, certificate, statement, instrument, opinion, report, notice,
      request, direction, consent, order, bond, debenture, note, other evidence of
      Indebtedness or other paper or document, but the Trustee, in its discretion,
      may
      make such further inquiry or investigation into such facts or matters as it
      may
      see fit. 

    (n)       The
      rights, privileges, protections, immunities and benefits given to the Trustee,
      including, without limitation, its right to be indemnified, are extended to,
      and
      shall be enforceable by, the Trustee in each of its capacities hereunder.

    
      	
               

            	
              Section
                11.02

            	
              Duties
                of Trustee.

            

    

    (a)       If
      one
      or more of the Events of Default specified in Section 7.01 with respect to
      the
      Securities of any series shall have happened, then, during the continuance
      thereof, the Trustee shall, with respect to such Securities, exercise such
      of
      the rights and powers vested in it by this Indenture, and shall use the same
      degree of care and skill in their exercise, as a prudent person would exercise
      or use under the circumstances in the conduct of such person’s own
      affairs.

    (b)       None
      of
      the provisions of this Indenture shall be construed as relieving the Trustee
      from liability for its own negligent action, its own negligent action, negligent
      failure to act, or its own willful misconduct, except that, anything in this
      Indenture contained to the contrary notwithstanding, 

    (i)    unless
      and until an Event
      of Default specified in Section 7.01 with respect to the Securities of any
      series shall have happened which at the time is continuing, 

    
       

      
        
           

        

        
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    (A)     the
      Trustee
      undertakes to perform such duties and only such duties with respect to the
      Securities of that series as are specifically set out in this Indenture, and
      no
      implied covenants or obligations shall be read into this Indenture against
      the
      Trustee, whose duties and obligations shall be determined solely by the express
      provisions of this Indenture; and

    (B)      the
      Trustee
      may conclusively rely, as to the truth of the statements and the correctness
      of
      the opinions expressed therein, in the absence of bad faith on the part of
      the
      Trustee, upon certificates and opinions furnished to it pursuant to the express
      provisions of this Indenture; but in the case of any such certificates or
      opinions which, by the provisions of this Indenture, are specifically required
      to be furnished to the Trustee, the Trustee shall be under a duty to examine
      the
      same 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, statements, opinions or conclusions stated
      therein); 

    (ii)   the
      Trustee shall not be liable
      to any Holder of Securities or to any other Person for any error of judgment
      made in good faith by a Responsible Officer or Officers of the Trustee, unless
      it shall be proved that the Trustee was negligent in ascertaining the pertinent
      facts; and 

    (iii) the
      Trustee shall not be liable to any
      Holder of Securities or to any other Person with respect to any action taken
      or
      omitted to be taken by it in good faith, in accordance with the direction of
      Securityholders given as provided in Section 7.06, relating to the time, method
      and place of conducting any proceeding for any remedy available to it or
      exercising any trust or power conferred upon it by this Indenture. 

    (c)       None
      of
      the provisions of this Indenture shall require the Trustee to expend or risk
      its
      own funds or otherwise to incur any financial liability in the performance
      of
      any of its duties hereunder, or in the exercise of any of its rights or powers,
      if it shall have reasonable grounds for believing that repayment of such funds
      or adequate indemnity against such risk or liability is not reasonably assured
      to it. 

    (d)       Whether
      or not therein expressly so provided, every provision of this Indenture relating
      to the conduct or affecting the liability of or affording protection to the
      Trustee shall be subject to the provisions of this Section 11.02.

    Section
      11.03    Notice of
      Defaults. Within 90 days after the occurrence thereof,
      and if known to the Trustee, the Trustee shall give to the Holders of the
      Securities of a series notice of each Default or Event of Default with respect
      to the Securities of such series known to the Trustee, by transmitting such
      notice to Holders at their addresses as the same shall then appear on the
      Register of the Company, unless such Default shall have been cured or waived
      before the giving of such notice (the term “Default” being
      hereby defined to be the events specified in Section 7.01, which are, or after
      notice or lapse of time or both would become, Events of Default as defined
      in
      said Section). Except in the case of a Default or Event of Default in payment
      of
      the principal of, premium, if any, or interest on any of the Securities of
      such
      series when and as the same shall become payable, or to make any sinking fund
      payment as to Securities of the same series, the Trustee shall be protected
      in
      withholding such notice, if and so long as a Responsible Officer or Responsible
      Officers of the Trustee in good faith determines that the withholding of such
      notice is in the interests of the Holders of the Securities of such
      series.

    
       

       

      
        
           

        

        
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              Section
                11.04

            	
              Eligibility;
                Disqualification.

            

    

    (a)       The
      Trustee shall at all times satisfy the requirements of TIA Section 310(a).
      The
      Trustee shall have a combined capital and surplus of at least $50 million as
      set
      forth in its most recent published annual report of condition, and shall have
      a
      Corporate Trust Office. If at any time the Trustee shall cease to be eligible
      in
      accordance with the provisions of this Section 11.04, it shall resign
      immediately in the manner and with the effect hereinafter specified in this
      Article. 

    (b)       The
      Trustee shall comply with TIA Section 310(b); provided, however, that there
      shall be excluded from the operation of TIA Section 310(b)(i) any indenture
      or
      indentures under which other securities or certificates of interest or
      participation in other securities of the Company are outstanding if the
      requirements for such exclusion set forth in TIA Section 310(b)(i) are met.
      If
      the Trustee has or shall acquire a conflicting interest within the meaning
      of
      Section 310(b) of the Trust Indenture Act, the Trustee shall either eliminate
      such interest or resign, to the extent and in the manner provided by, and
      subject to the provisions of, the Trust Indenture Act and this Indenture. If
      Section 310(b) of the Trust Indenture Act is amended any time after the date
      of
      this Indenture to change the circumstances under which a Trustee shall be deemed
      to have a conflicting interest with respect to the Securities of any series
      or
      to change any of the definitions in connection therewith, this Section 11.04
      shall be automatically amended to incorporate such changes.

    Section
      11.05    Registration
      and Notice; Removal. The Trustee, or any successor to it
      hereafter appointed, may at any time resign and be discharged of the trusts
      hereby created with respect to any one or more or all series of Securities
      by
      giving to the Company notice in writing. Such resignation shall take effect
      upon
      the appointment of a successor Trustee and the acceptance of such appointment
      by
      such successor Trustee. Any Trustee hereunder may be removed with respect to
      any
      series of Securities at any time by the filing with such Trustee and the
      delivery to the Company of an instrument or instruments in writing signed by
      the
      Holders of a majority in principal amount of the Securities of such series
      then
      Outstanding, specifying such removal and the date when it shall become
      effective.

    If
      at any time:

    (1)          the
      Trustee shall fail to comply with the provisions of TIA Section
      310(b) after written request therefor by the Company or by any Holder who has
      been a bona fide Holder of a Security for at least six months, or

    
       

      
        
           

        

        
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    (2)          the
      Trustee shall cease to be eligible under Section 11.04 and shall fail
      to resign after written request therefor by the Company or by any Holder who
      has
      been a bona fide Holder of a Security for at least six months, or

    (3)          the
      Trustee shall become incapable of acting or shall be adjudged a
      bankrupt or insolvent or a receiver of the Trustee or of its property shall
      be
      appointed or any public officer shall take charge or control of the Trustee
      or
      of its property or affairs for the purpose of rehabilitation, conservation
      or
      liquidation,

    then,
      in any such case, (i) the Company by written notice to the Trustee
      may remove the Trustee and appoint a successor Trustee with respect to all
      Securities, or (ii) subject to TIA Section 315(e), any Securityholder who has
      been a bona fide Holder of a Security for at least six months may, on behalf
      of
      himself and all others similarly situated, petition any court of competent
      jurisdiction for the removal of the Trustee with respect to all Securities
      and
      the appointment of a successor Trustee or Trustees.

    Upon
      its resignation or removal, any Trustee shall be entitled to the
      payment of reasonable compensation for the services rendered hereunder by such
      Trustee and to the payment of all reasonable expenses incurred hereunder and
      all
      moneys then due to it hereunder. The Trustee’s rights to indemnification
      provided in Section 11.01(a) shall survive its resignation or
      removal.

    
      	
               

            	
              Section
                11.06

            	
              Successor
                Trustee by Appointment.

            

    

    (a)       In
      case
      at any time the Trustee shall resign, or shall be removed (unless the Trustee
      shall be removed as provided in Section 11.04(b), in which event the vacancy
      shall be filled as provided in said subdivision), or shall become incapable
      of
      acting, or shall be adjudged bankrupt or insolvent, or if a receiver of the
      Trustee or of its property shall be appointed, or if any public officer shall
      take charge or control of the Trustee or of its property or affairs for the
      purpose of rehabilitation, conservation or liquidation with respect to the
      Securities of one or more series, a successor Trustee with respect to the
      Securities of that or those series (it being understood that any such successor
      Trustee may be appointed with respect to the Securities of one or more or all
      of
      such series and that at any time there shall be only one Trustee with respect
      to
      the Securities of any series) may be appointed by the Holders of a majority
      in
      principal amount of the Securities of that or those series then Outstanding,
      by
      an instrument or instruments in writing signed in duplicate by such Holders
      and
      filed, one original thereof with the Company and the other with the successor
      Trustee; but, until a successor Trustee shall have been so appointed by the
      Holders of Securities of that or those series as herein authorized, the Company,
      or, in case all or substantially all the assets of the Company shall be in
      the
      possession of one or more custodians or receivers lawfully appointed, or of
      trustees in bankruptcy or reorganization proceedings (including a trustee or
      trustees appointed under the provisions of the federal bankruptcy laws, as
      now
      or hereafter constituted), or of assignees for the benefit of creditors, such
      receivers, custodians, trustees or assignees, as the case may be, by an
      instrument in writing, shall appoint a successor Trustee with respect to the
      Securities of such series. Subject to the provisions of Sections 11.04 and
      11.05, upon the appointment as aforesaid of a successor Trustee with respect
      to
      the Securities of any series, the Trustee with respect to the Securities of
      such
      series shall cease to be Trustee hereunder. After any such appointment other
      than by the Holders of Securities of that or those series,
      the Person making such appointment shall forthwith cause notice thereof to
      be
      mailed to the Holders of Securities of such series at their addresses as the
      same shall then appear on the Register of the Company but any successor Trustee
      with respect to the Securities of such series so appointed shall, immediately
      and without further act, be superseded by a successor Trustee appointed by
      the
      Holders of Securities of such series in the manner above prescribed, if such
      appointment be made prior to the expiration of one year from the date of the
      mailing of such notice by the Company, or by such receivers, trustees or
      assignees. 

    
       

      
        
           

        

        
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    (b)       If
      any
      Trustee with respect to the Securities of one or more series shall resign or
      be
      removed and a successor Trustee shall not have been appointed by the Company
      or
      by the Holders of the Securities of such series or, if any successor Trustee
      so
      appointed shall not have accepted its appointment within 30 days after such
      appointment shall have been made, the resigning Trustee at the expense of the
      Company may apply to any court of competent jurisdiction for the appointment
      of
      a successor Trustee. If in any other case a successor Trustee shall not be
      appointed pursuant to the foregoing provisions of this Section 11.06 within
      three months after such appointment might have been made hereunder, the Holder
      of any Security of the applicable series or any retiring Trustee at the expense
      of the Company may apply to any court of competent jurisdiction to appoint
      a
      successor Trustee. Such court may thereupon, in any such case, after such
      notice, if any, as such court may deem proper and prescribe, appoint a successor
      Trustee. 

    (c)       Any
      successor Trustee appointed hereunder with respect to the Securities of one
      or
      more series shall execute, acknowledge and deliver to its predecessor Trustee
      and to the Company, or to the receivers, trustees, assignees or court appointing
      it, as the case may be, an instrument accepting such appointment hereunder,
      and
      thereupon such successor Trustee, without any further act, deed or conveyance,
      shall become vested with all the authority, rights, powers, trusts, immunities,
      duties and obligations with respect to such series of such predecessor Trustee
      with like effect as if originally named as Trustee hereunder, and such
      predecessor Trustee, upon payment of its charges and disbursements then unpaid,
      shall thereupon become obligated to pay over, and such successor Trustee shall
      be entitled to receive, all moneys and properties held by such predecessor
      Trustee as Trustee hereunder, subject nevertheless to its lien provided for
      in
      Section 11.01(a). Nevertheless, on the written request of the Company or of
      the
      successor Trustee or of the Holders of at least 10% in principal amount of
      the
      Securities of such series then Outstanding, such predecessor Trustee, upon
      payment of its said charges and disbursements, shall execute and deliver an
      instrument transferring to such successor Trustee upon the trusts herein
      expressed all the rights, powers and trusts of such predecessor Trustee and
      shall assign, transfer and deliver to the successor Trustee all moneys and
      properties held by such predecessor Trustee, subject nevertheless to its lien
      provided for in Section 11.01(a); and, upon request of any such successor
      Trustee and the Company shall make, execute, acknowledge and deliver any and
      all
      instruments in writing for more fully and effectually vesting in and confirming
      to such successor Trustee all such authority, rights, powers, trusts,
      immunities, duties and obligations.

    Section
      11.07    Successor
      Trustee by Merger. Any Person into which the Trustee or
      any successor to it in the trusts created by this Indenture shall be merged
      or
      converted, or any Person with which it or any successor to it shall be
      consolidated, or any Person resulting from any merger, conversion or
      consolidation to which the Trustee or any such successor to it shall be a
party, or any Person to which the Trustee or any successor
      to it shall sell or otherwise transfer all or substantially all of the corporate
      trust business of the Trustee, shall be the successor Trustee under this
      Indenture without the execution or filing of any paper or any further act on
      the
      part of any of the parties hereto; provided that such Person shall be otherwise
      qualified and eligible under this Article. In case at the time such successor
      to
      the Trustee shall succeed to the trusts created by this Indenture with respect
      to one or more series of Securities, any of such Securities shall have been
      authenticated but not delivered by the Trustee then in office, any successor
      to
      such Trustee may adopt the certificate of authentication of any predecessor
      Trustee, and deliver such Securities so authenticated; and in case at that
      time
      any of the Securities shall not have been authenticated, any successor to the
      Trustee may authenticate such Securities either in the name of any predecessor
      hereunder or in the name of the successor Trustee; and in all such cases such
      certificates shall have the full force which it is anywhere in the Securities
      or
      in this Indenture provided that the certificate of the Trustee shall have;
      provided, however, that the right to adopt the certificate of authentication
      of
      any predecessor Trustee or authenticate Securities in the name of any
      predecessor Trustee shall apply only to its successor or successors by merger,
      conversion or consolidation.

    
       

      
        
           

        

        
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    Section
      11.08    Right to Rely
      on Officer’s Certificate. Subject to Section 11.02, and
      subject to the provisions of Section 16.01 with respect to the certificates
      required thereby, whenever in the administration of the provisions of this
      Indenture the Trustee shall deem it necessary or desirable that a matter be
      proved or established prior to taking or suffering any action hereunder, such
      matter (unless other evidence in respect thereof be herein specifically
      prescribed) may, in the absence of negligence, bad faith or willful misconduct
      on the part of the Trustee, be deemed to be conclusively proved and established
      by an Officer’s Certificate with respect thereto delivered to the Trustee, and
      such Officer’s Certificate, in the absence of negligence, bad faith or willful
      misconduct on the part of the Trustee, shall be full warrant to the Trustee
      for
      any action taken, suffered or omitted by it under the provisions of this
      Indenture upon the faith thereof.

    Section
      11.09    Appointment
      of Authenticating Agent. The Trustee may appoint an
      agent (the “Authenticating Agent”) reasonably acceptable to the Company to
      authenticate the Securities, and the Trustee shall give written notice of such
      appointment to all Holders of Securities of the series with respect to which
      such Authenticating Agent will serve. Unless limited by the terms of such
      appointment, any such Authenticating Agent may authenticate Securities whenever
      the Trustee may do so. Each reference in this Indenture to authentication by
      the
      Trustee includes authentication by the Authenticating Agent. Securities so
      authenticated shall be entitled to the benefits of this Indenture and shall
      be
      valid and obligatory for all purposes as if authenticated by the Trustee
      hereunder.

    Each
      Authenticating Agent shall at all times be a corporation organized
      and doing business and in good standing under the laws of the United States,
      any
      State thereof or the District of Columbia, authorized under such laws to act
      as
      Authenticating Agent, having a combined capital and surplus of not less than
      $50,000,000 and subject to supervision or examination by Federal or State
      authority. If such corporation publishes reports of condition at least annually,
      pursuant to law or to the requirements of said supervising or examining
      authority, then for the purposes of this Article XI, the combined capital and
      surplus of such corporation shall be deemed to be its combined capital and
      surplus as set forth in its most recent report of condition
      so published. If at any time an Authenticating Agent shall cease to be eligible
      in accordance with the provisions of this Article XI, it shall resign
      immediately in the manner and with the effect specified in this Article
      XI.

    
       

      
        
           

        

        
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    Any
      corporation into which an Authenticating Agent may be merged or
      converted or with which it may be consolidated, or any corporation resulting
      from any merger, conversion or consolidation to which such Authenticating Agent
      shall be a party, or any corporation succeeding to the corporate agency or
      corporate trust business of an Authenticating Agent, shall continue to be an
      Authenticating Agent, provided such corporation shall be otherwise eligible
      under this Article XI, without the execution or filing of any paper or any
      further act on the part of the Trustee or the Authenticating Agent.

    An
      Authenticating Agent may resign at any time by giving written notice
      thereof to the Trustee and to the Company. The Trustee may at any time terminate
      the agency of an Authenticating Agent by giving written notice thereof to such
      Authenticating Agent and to the Company. Upon receiving such a notice of
      resignation or upon such a termination, or in case at any time such
      Authenticating Agent shall cease to be eligible in accordance with the
      provisions of this Section 11.09, the Trustee may appoint a successor
      Authenticating Agent which shall be acceptable to the Company and shall give
      written notice of such appointment to all Holders of Securities of the series
      with respect to which such Authenticating Agent will serve. Any successor
      Authenticating Agent upon acceptance of its appointment hereunder shall become
      vested with all the rights, powers and duties of its predecessor hereunder,
      with
      like effect as if originally named as an Authenticating Agent. No successor
      Authenticating Agent shall be appointed unless eligible under the provisions
      of
      this Section 11.09.

    The
      Trustee agrees to pay to each Authenticating Agent from time to time
      reasonable compensation for its services under this Section 11.09, and the
      Trustee shall be entitled to be reimbursed for such payments, subject to the
      provisions of Section 11.01.

    Section
      11.10    Communications by Securityholders with Other
      Securityholders. Holders of Securities may communicate
      pursuant to Section 312(b) of the Trust Indenture Act with other Holders with
      respect to their rights under this Indenture or the Securities. The Company,
      the
      Trustee, the Registrar and anyone else shall have the protection of Section
      312(c) of the Trust Indenture Act with respect to such
      communications.

    ARTICLE
      XII

     

    SATISFACTION
      AND DISCHARGE; DEFEASANCE

    Section
      12.01    Applicability
      of Article. If, pursuant to Section 3.01, provision is
      made for the defeasance of Securities of a series and if the Securities of
      such
      series are denominated and payable only in U.S. Dollars (except as provided
      pursuant to Section 3.01), then the provisions of this Article shall be
      applicable except as otherwise specified pursuant to Section 3.01 for Securities
      of such series. Defeasance provisions, if any, for Securities denominated in
      a
      Foreign Currency may be specified pursuant to Section 3.01.

    
       

      
        
           

        

        
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    Section
      12.02    Satisfaction
      and Discharge of Indenture. This Indenture, with respect
      to the Securities of any series (if all series issued under this Indenture
      are
      not to be affected), shall, upon Company Order, cease to be of further effect
      (except as to any surviving rights of registration of transfer or exchange
      of
      such Securities herein expressly provided for and rights to receive payments
      of
      principal of and premium, if any, and interest on such Securities) and the
      Trustee, at the expense of the Company, shall execute proper instruments
      acknowledging satisfaction and discharge of this Indenture, when, 

    
      	
               

            	
              (a)

            	
              either:

            

    

    (i)    all
      Securities of such
      series theretofore authenticated and delivered (other than (A) Securities that
      have been destroyed, lost or stolen and that have been replaced or paid as
      provided in Section 3.07 and (B) Securities for whose payment money has
      theretofore been deposited in trust or segregated and held in trust by the
      Company and thereafter repaid to the Company or discharged from such trust,
      as
      provided in Section 6.03) have been delivered to the Trustee for cancellation;
      or

    (ii)   all
      Securities of such series
      not theretofore delivered to the Trustee for cancellation, 

    
      	
               

            	
              (A)

            	
              have
                become due and payable,
                or

            

    

    (B)      will
      become
      due and payable at their Stated Maturity within one year, or 

    (C)      are
      to be
      called for redemption within one year under arrangements satisfactory to the
      Trustee for the giving of notice by the Trustee in the name, and at the expense,
      of the Company, and the Company, 

    and
      in the case of (A), (B) or (C) above, has deposited or caused to be
      deposited with the Trustee or Paying Agent as trust funds in trust for the
      purpose an amount in the Currency in which such Securities are denominated
      (except as otherwise provided pursuant to Section 3.01) sufficient to pay and
      discharge the entire Indebtedness on such Securities for principal and premium,
      if any, and interest to the date of such deposit (in the case of Securities
      that
      have become due and payable) or to the Stated Maturity or Redemption Date,
      as
      the case may be; provided, however, in the event a petition for relief under
      federal bankruptcy laws, as now or hereafter constituted, or any other
      applicable federal or state bankruptcy, insolvency or other similar law, is
      filed with respect to the Company within 91 days after the deposit and the
      Trustee is required to return the moneys then on deposit with the Trustee to
      the
      Company, the obligations of the Company under this Indenture with respect to
      such Securities shall not be deemed terminated or discharged; 

    (b)       the
      Company has paid or caused to be paid all other sums payable hereunder by the
      Company; and 

    (c)       the
      Company has delivered to the Trustee an Officer’s Certificate and an Opinion of
      Counsel each stating that all conditions precedent herein provided for relating
      to the satisfaction and discharge of this Indenture with
      respect to such series have been complied with. Notwithstanding the satisfaction
      and discharge of this Indenture, the obligations of the Company to the Trustee
      under Section 11.01 are, if money shall have been deposited with the Trustee
      pursuant to subclause (B) of clause (a)(i) of this Section, the obligations
      of
      the Trustee under Section 12.07 and the last paragraph of Section 6.03(e) shall
      survive.

    
       

      
        
           

        

        
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    Section
      12.03    Defeasance
      upon Deposit of Moneys or U.S Government Obligations. At
      the Company’s option, either (a) the Company shall be deemed to have been
      Discharged (as defined below) from its obligations with respect to Securities
      of
      any series on the first day after the applicable conditions set forth below
      have
      been satisfied or (b) the Company shall cease to be under any obligation to
      comply with any term, provision or condition set forth in Section 6.04 with
      respect to Securities of any series (and, if so specified pursuant to Section
      3.01, any other restrictive covenant added for the benefit of such series
      pursuant to Section 3.01) at any time after the applicable conditions set forth
      below have been satisfied: 

    (a)       The
      Company shall have deposited or caused to be deposited irrevocably with the
      Trustee as trust funds in trust, specifically pledged as security for, and
      dedicated solely to, the benefit of the Holders of the Securities of such series
      (i) money in an amount, or (ii) U.S. Government Obligations (as defined below)
      that through the payment of interest and principal in respect thereof in
      accordance with their terms will provide, not later than one day before the
      due
      date of any payment, money in an amount, or (iii) a combination of (i) and
      (ii),
      sufficient to pay and discharge each installment of principal (including any
      mandatory sinking fund payments) of and premium, if any, and interest on, the
      Outstanding Securities of such series on the dates such installments of interest
      or principal and premium are due; 

    (b)       No
      Default with respect to the Securities of such series shall have occurred and
      be
      continuing on the date of such deposit (other than a Default resulting from
      the
      borrowing of funds and the grant of any related liens to be applied to such
      deposit); and 

    (c)       The
      Company shall have delivered to the Trustee an Opinion of Counsel to the effect
      that Holders of the Securities of such series will not recognize income, gain
      or
      loss for U.S. federal income tax purposes as a result of the Company’s exercise
      of its option under this Section and will be subject to federal income tax
      on
      the same amounts and in the same manner and at the same times as would have
      been
      the case if such action had not been exercised and, in the case of the
      Securities of such series being Discharged accompanied by a ruling to that
      effect received from or published by the Internal Revenue Service. 

    “Discharged”
means
      that the Company shall be deemed to have paid and
      discharged the entire Indebtedness represented by, and obligations under, the
      Securities of such series and to have satisfied all the obligations under this
      Indenture relating to the Securities of such series (and the Trustee, at the
      expense of the Company, shall execute proper instruments acknowledging the
      same), except (A) the rights of Holders of Securities of such series to receive,
      from the trust fund described in clause (a) above, payment of the principal
      of
      and premium, if any, and interest on such Securities when such payments are
      due,
      (B) the Company’s obligations with respect to Securities of such series under
      Sections 3.04, 3.06, 3.07, 6.02, 12.06 and 12.07 and (C) the rights, powers,
      trusts, duties and immunities of the Trustee hereunder. 

    
       

      
        
           

        

        
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    “U.S.
      Government Obligations” means securities that are (i) direct
      obligations of the United States for the payment of which its full faith and
      credit is pledged or (ii) obligations of a Person controlled or supervised
      by
      and acting as an agency or instrumentality of the United States the timely
      of
      payment of which is unconditionally guaranteed as a full faith and credit
      obligation by the United States, that, in either case under clauses (i) or
      (ii)
      are not callable or redeemable at the action of the issuer thereof, and shall
      also include a depositary receipt issued by a bank or trust company as custodian
      with respect to any such U.S. Government Obligation or a specific payment of
      interest on or principal of any such U.S. Government Obligation held by such
      custodian for the account of the holder of a depositary receipt; provided that
      (except as required by law) such custodian is not authorized to make any
      deduction from the amount payable to the holder of such depositary receipt
      from
      any amount received by the custodian in respect of the U.S. Government
      Obligation or the specific payment of interest on or principal of the U.S.
      Government Obligation evidenced by such depositary receipt.

    Section
      12.04    Repayment to
      Company. The Trustee and any Paying Agent shall promptly
      pay to the Company (or to its designee) upon Company Order any excess moneys
      or
      U.S. Government Obligations held by them at any time, including any such moneys
      or obligations held by the Trustee under any escrow trust agreement entered
      into
      pursuant to Section 12.06. The provisions of the last paragraph of Section
      6.03
      shall apply to any money held by the Trustee or any Paying Agent under this
      Article that remains unclaimed for two years after the Maturity of any series
      of
      Securities for which money or U.S. Government Obligations have been deposited
      pursuant to Section 12.03.

    Section
      12.05    Indemnity for
      U.S. Government Obligations. The Company shall pay and
      shall indemnify the Trustee against any tax, fee or other charge imposed on
      or
      assessed against the deposited U.S. Government Obligations or the principal
      or
      interest received on such U.S. Government Obligations.

    Section
      12.06    Deposits to
      Be Held in Escrow. Any deposits with the Trustee
      referred to in Section 12.03 above shall be irrevocable (except to the extent
      provided in Sections 12.04 and 12.07) and shall be made under the terms of
      an
      escrow trust agreement in form and substance satisfactory to the Trustee. If
      any
      Outstanding Securities of a series are to be redeemed prior to their Stated
      Maturity, whether pursuant to any optional redemption provisions or in
      accordance with any mandatory or optional sinking fund requirement, the
      applicable escrow trust agreement shall provide therefor and the Company shall
      make such arrangements as are satisfactory to the Trustee for the giving of
      notice of redemption by the Trustee in the name, and at the expense, of the
      Company. The agreement shall provide that, upon satisfaction of any mandatory
      sinking fund payment requirements, whether by deposit of moneys, application
      of
      proceeds of deposited U.S. Government Obligations or, if permitted, by delivery
      of Securities, the Trustee shall pay or deliver over to the Company as excess
      moneys pursuant to Section 12.04 all funds or obligations then held under the
      agreement and allocable to the sinking fund payment requirements so satisfied.
      

    If
      Securities of a series with respect to which such deposits are made
      may be subject to later redemption at the option of the Company or pursuant
      to
      optional sinking fund payments, the applicable escrow trust agreement may,
      at
      the option of the Company, provide therefor. In the case of an optional
      redemption in whole or in part, such agreement shall require the Company to
      deposit with the Trustee on or before the date notice
      of
      redemption is given funds sufficient to pay the Redemption Price of the
      Securities to be redeemed together with all unpaid interest thereon to the
      Redemption Date. Upon such deposit of funds, the Trustee shall pay or deliver
      over to the Company as excess funds pursuant to Section 12.04 all funds or
      obligations then held under such agreement and allocable to the Securities
      to be
      redeemed. In the case of exercise of optional sinking fund payment rights by
      the
      Company, such agreement shall, at the option of the Company, provide that upon
      deposit by the Company with the Trustee of funds pursuant to such exercise
      the
      Trustee shall pay or deliver over to the Company as excess funds pursuant to
      Section 12.04 all funds or obligations then held under such agreement for such
      series and allocable to the Securities to be redeemed.

    
       

       

      
        
           

        

        
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              Section
                12.07

            	
              Application
                of Trust Money.

            

    

    (a)       Neither
      the Trustee nor any other paying agent shall be required to pay interest on
      any
      moneys deposited pursuant to the provisions of this Indenture, except such
      as it
      shall agree with the Company to pay thereon. Any moneys so deposited for the
      payment of the principal of, or premium, if any, or interest on the Securities
      of any series and remaining unclaimed for two years after the date of the
      maturity of the Securities of such series or the date fixed for the redemption
      of all the Securities of such series at the time outstanding, as the case may
      be, shall be repaid by the Trustee or such other paying agent to the Company
      upon its written request and thereafter, anything in this Indenture to the
      contrary notwithstanding, any rights of the Holders of Securities of such series
      in respect of which such moneys shall have been deposited shall be enforceable
      only against the Company, and all liability of the Trustee or such other paying
      agent with respect to such moneys shall thereafter cease. 

    (b)       Subject
      to the provisions of the foregoing paragraph, any moneys which at any time
      shall
      be deposited by the Company or on its behalf with the Trustee or any other
      paying agent for the purpose of paying the principal of, premium, if any, and
      interest on any of the Securities shall be and are hereby assigned, transferred
      and set over to the Trustee or such other paying agent in trust for the
      respective Holders of the Securities for the purpose for which such moneys
      shall
      have been deposited; but such moneys need not be segregated from other funds
      except to the extent required by law.

    Section
      12.08    Deposits of
      Non-U.S. Currencies. Notwithstanding the foregoing
      provisions of this Article, if the Securities of any series are payable in
      a
      Currency other than U.S. Dollars, the Currency or the nature of the government
      obligations to be deposited with the Trustee under the foregoing provisions
      of
      this Article shall be as set forth in the Officer’s Certificate or established
      in the supplemental indenture under which the Securities of such series are
      issued.

    ARTICLE
      XIII

     

    IMMUNITY
      OF CERTAIN PERSONS

    Section
      13.01    No Personal
      Liability. No recourse shall be had for the payment of
      the principal of, or the premium, if any, or interest on, any Security or for
      any claim based thereon or otherwise in respect thereof or of the Indebtedness
      represented thereby, or upon any obligation, covenant or
      agreement of this Indenture, against any incorporator, stockholder, officer
      or
      director, as such, past, present or future, of the Company or of any successor
      corporation, either directly or through the Company or any successor
      corporation, whether by virtue of any constitutional provision, statute or
      rule
      of law, or by the enforcement of any assessment or penalty or otherwise; it
      being expressly agreed and understood that this Indenture and the Securities
      are
      solely corporate obligations, and that no personal liability whatsoever shall
      attach to, or be incurred by, any incorporator, stockholder, officer or
      director, as such, past, present or future, of the Company or of any successor
      corporation, either directly or through the Company or any successor
      corporation, because of the incurring of the Indebtedness hereby authorized
      or
      under or by reason of any of the obligations, covenants, promises or agreements
      contained in this Indenture or in any of the Securities, or to be implied
      herefrom or therefrom, and that all liability, if any, of that character against
      every such incorporator, stockholder, officer and director is, by the acceptance
      of the Securities and as a condition of, and as part of the consideration for,
      the execution of this Indenture and the issue of the Securities expressly waived
      and released.

    
       

      
        
           

        

        
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    ARTICLE
      XIV

     

    SUPPLEMENTAL
      INDENTURES

    Section
      14.01    Without
      Consent of Securityholders. Except as otherwise provided
      as contemplated by Section 3.01 with respect to any series of Securities, the
      Company and the Trustee, at any time and from time to time, may enter into
      one
      or more indentures supplemental hereto, in form satisfactory to the Trustee,
      for
      any one or more of or all the following purposes: 

    (a)       to
      add
      to the covenants and agreements of the Company, to be observed thereafter and
      during the period, if any, in such supplemental indenture or indentures
      expressed, and to add Events of Default, in each case for the protection or
      benefit of the Holders of all or any series of the Securities (and if such
      covenants, agreements and Events of Default are to be for the benefit of fewer
      than all series of Securities, stating that such covenants, agreements and
      Events of Default are expressly being included for the benefit of such series
      as
      shall be identified therein), or to surrender any right or power herein
      conferred upon the Company; 

    (b)       to
      delete or modify any Events of Default with respect to all or any series of
      the
      Securities, the form and terms of which are being established pursuant to such
      supplemental indenture as permitted in Section 3.01 (and, if any such Event
      of
      Default is applicable to fewer than all such series of the Securities,
      specifying the series to which such Event of Default is applicable), and to
      specify the rights and remedies of the Trustee and the Holders of such
      Securities in connection therewith; 

    (c)       to
      add
      to or change any of the provisions of this Indenture to provide, change or
      eliminate any restrictions on the payment of principal of or premium, if any,
      on
      Securities; provided that any such action shall not adversely affect the
      interests of the Holders of Securities of any series in any material respect;
      

    (d)       to
      change or eliminate any of the provisions of this Indenture; provided that
      any
      such change or elimination shall become effective only when there is no
      Outstanding Security of any series created prior to the execution of such
      supplemental indenture that is entitled to the benefit of
      such provision and as to which such supplemental indenture would apply;

    
       

      
        
           

        

        
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    (e)       to
      evidence the succession of another corporation to the Company, or successive
      successions, and the assumption by such successor of the covenants and
      obligations of the Company contained in the Securities of one or more series
      and
      in this Indenture or any supplemental indenture; 

    (f)        to
      evidence and provide for the acceptance of appointment hereunder by a successor
      Trustee with respect to one or more series of Securities and to add to or change
      any of the provisions of this Indenture as shall be necessary for or facilitate
      the administration of the trusts hereunder by more than one Trustee, pursuant
      to
      the requirements of Section 11.06(c);

    
      	
               

            	
              (g)

            	
              to
                secure any series of
                Securities;

            

    

    (h)       to
      evidence any changes to this Indenture pursuant to Sections 11.05, 11.06 or
      11.07 hereof as permitted by the terms thereof;

    (i)        to
      cure any ambiguity or to correct or supplement any provision contained herein
      or
      in any indenture supplemental hereto which may be defective or inconsistent
      with
      any other provision contained herein or in any supplemental
      indenture;

    (j)        to
      add to or change or eliminate any provision of this Indenture as shall be
      necessary or desirable in accordance with any amendments to the Trust Indenture
      Act, provided such action shall not adversely affect the interests of the
      Holders of the Securities of any series in any material respects; 

    (k)       to
      add
      guarantors or co-obligors with respect to any series of Securities;

    (l)       
to
      make
      any change in any series of Securities that does not adversely affect in any
      material respect the interests of the Holders of such Securities;

    (m)    
 to
      provide for
      uncertificated securities in addition to certificated securities;

    (n)       to
      supplement any of the provisions of this Indenture to such extent as shall
      be
      necessary to permit or facilitate the defeasance and discharge of any series
      of
      Securities; provided that any such action shall not adversely affect the
      interests of the Holders of Securities of such series or any other series of
      Securities;

    (o)       to
      prohibit the authentication and delivery of additional series of Securities;
      or

    (p)       to
      establish the form and terms of Securities of any series as permitted in Section
      3.01, or to authorize the issuance of additional Securities of a series
      previously authorized or to add to the conditions, limitations or restrictions
      on the authorized amount, terms or purposes of issue, authentication or delivery
      of the Securities of any series, as herein set forth, or other conditions,
      limitations or restrictions thereafter to be observed.

    
       

      
        
           

        

        
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    Subject
      to the provisions of Section 14.03, the Trustee is authorized to
      join with the Company in the execution of any such supplemental indenture,
      to
      make the further agreements and stipulations which may be therein contained
      and
      to accept the conveyance, transfer, assignment, mortgage or pledge of any
      property or assets thereunder. 

    Any
      supplemental indenture authorized by the provisions of this Section
      14.01 may be executed by the Company and the Trustee without the consent of
      the
      Holders of any of the Securities at the time Outstanding, notwithstanding any
      of
      the provisions of Section 14.02.

    
      	
               

            	
              Section
                14.02

            	
              With
                Consent of Securityholders; Limitations.

            

    

    (a)       With
      the
      consent of the Holders (evidenced as provided in Article VIII) of a majority
      in
      aggregate principal amount of the Outstanding Securities of each series affected
      by such supplemental indenture voting separately, the Company and the Trustee
      may, from time to time and at any time, enter into an indenture or indentures
      supplemental hereto for the purpose of adding any provisions to or changing
      in
      any manner or eliminating any provisions of this Indenture or of modifying
      in
      any manner the rights of the Holders of the Securities of such series to be
      affected; provided, however, that no such supplemental indenture shall, without
      the consent of the Holder of each Outstanding Security of each such series
      affected thereby, 

    (i)    extend
      the Stated Maturity
      of the principal of, or any installment of interest on, any Security, or reduce
      the principal amount thereof or the interest thereon or any premium payable
      upon
      redemption thereof, or extend the Stated Maturity of, or change the Currency
      in
      which the principal of and premium, if any, or interest on such Security is
      denominated or payable, or reduce the amount of the principal of an Original
      Issue Discount Security that would be due and payable upon a declaration of
      acceleration of the Maturity thereof pursuant to Section 7.02, or impair the
      right to institute suit for the enforcement of any payment on or after the
      Stated Maturity thereof (or, in the case of redemption, on or after the
      Redemption Date), or materially adversely affect the economic terms of any
      right
      to convert or exchange any Security as may be provided pursuant to Section
      3.01;
      or 

    (ii)   reduce
      the percentage in
      principal amount of the Outstanding Securities of any series, the consent of
      whose Holders is required for any supplemental indenture, or the consent of
      whose Holders is required for any waiver of compliance with certain provisions
      of this Indenture or certain Defaults hereunder and their consequences provided
      for in this Indenture; or 

    (iii) 
modify
      any of the provisions of this
      Section, Section 7.06 or Section 6.06, except to increase any such percentage
      or
      to provide that certain other provisions of this Indenture cannot be modified
      or
      waived without the consent of the Holder of each Outstanding Security affected
      thereby; provided, however, that this clause shall not be deemed to require
      the
      consent of any Holder with respect to changes in the references to “the Trustee”
and concomitant changes in this Section and Section 6.06, or the deletion of
      this proviso, in accordance with the requirements of Sections 11.06 and
      14.01(f); or 

    
       

      
        
           

        

        
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    (iv) 
modify,
      without the written consent of the
      Trustee, the rights, duties or immunities of the Trustee. 

    (b)       A
      supplemental indenture that changes or eliminates any provision of this
      Indenture which has expressly been included solely for the benefit of one or
      more particular series of Securities or which modifies the rights of the Holders
      of Securities of such series with respect to such covenant or other provision,
      shall be deemed not to affect the rights under this Indenture of the Holders
      of
      Securities of any other series. 

    (c)       It
      shall
      not be necessary for the consent of the Securityholders under this Section
      14.02
      to approve the particular form of any proposed supplemental indenture, but
      it
      shall be sufficient if such consent shall approve the substance thereof.

    (d)       The
      Company may set a record date for purposes of determining the identity of the
      Holders of each series of Securities entitled to give a written consent or
      waive
      compliance by the Company as authorized or permitted by this Section. Such
      record date shall not be more than 30 days prior to the first solicitation
      of
      such consent or waiver or the date of the most recent list of Holders furnished
      to the Trustee prior to such solicitation pursuant to Section 312 of the Trust
      Indenture Act. 

    (e)       Promptly
      after the execution by the Company and the Trustee of any supplemental indenture
      pursuant to the provisions of this Section 14.02, the Company shall mail a
      notice, setting forth in general terms the substance of such supplemental
      indenture, to the Holders of Securities at their addresses as the same shall
      then appear in the Register of the Company. 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 supplemental indenture.

    Section
      14.03    Trustee
      Protected. Upon the request of the Company, accompanied
      by the Officer’s Certificate and Opinion of Counsel required by Section 16.01
      stating that the execution of such supplemental indenture is authorized or
      permitted by this Indenture, and evidence reasonably satisfactory to the Trustee
      of consent of the Holders if the supplemental indenture is to be executed
      pursuant to Section 14.02. the Trustee shall join with the Company in the
      execution of said supplemental indenture unless said supplemental indenture
      affects the Trustee’s own rights, duties or immunities under this Indenture or
      otherwise, in which case the Trustee may in its discretion, but shall not be
      obligated to, enter into said supplemental indenture. The Trustee shall be
      fully
      protected in relying upon such Officer’s Certificate and an Opinion of
      Counsel.

    Section
      14.04    Effect of
      Execution of Supplemental Indenture. Upon the execution
      of any supplemental indenture pursuant to the provisions of this Article XIV,
      this Indenture shall be deemed to be modified and amended in accordance
      therewith and, except as herein otherwise expressly provided, the respective
      rights, limitations of rights, obligations, duties and immunities under this
      Indenture of the Trustee, the Company and the Holders of all of the Securities
      or of the Securities of any series affected, as the case may be, shall
      thereafter be determined, exercised and enforced hereunder subject in all
      respects to such modifications and amendments, and all the terms and conditions
      of any such supplemental indenture shall be and be deemed to be part of the
      terms and conditions of this Indenture for any and all purposes.

    
       

      
        
           

        

        
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    Section
      14.05    Notation on
      or Exchange of Securities. Securities of any series
      authenticated and delivered after the execution of any supplemental indenture
      pursuant to the provisions of this Article may bear a notation in the form
      approved by the Trustee as to any matter provided for in such supplemental
      indenture. If the Company or the Trustee shall so determine, new Securities
      so
      modified as to conform, in the opinion of the Trustee and the Board of Directors
      of the Company, to any modification of this Indenture contained in any such
      supplemental indenture may be prepared and executed by the Company and
      authenticated and delivered by the Trustee in exchange for the Securities then
      Outstanding in equal aggregate principal amounts, and such exchange shall be
      made without cost to the Holders of the Securities.

    Section
      14.06    Conformity
      with TIA. Every supplemental indenture executed pursuant
      to the provisions of this Article shall conform to the requirements of the
      Trust
      Indenture Act as then in effect.

    ARTICLE
      XV

     

    SUBORDINATION
      OF SECURITIES

    Section
      15.01    Agreement to
      Subordinate. In the event a series of Securities is
      designated as subordinated pursuant to Section 3.01, and except as otherwise
      provided in a Company Order or in one or more indentures supplemental hereto,
      the Company, for itself, its successors and assigns, covenants and agrees,
      and
      each Holder of Securities of such series by his, her or its acceptance thereof,
      likewise covenants and agrees, that the payment of the principal of (and
      premium, if any) and interest, if any, on each and all of the Securities of
      such
      series is hereby expressly subordinated, to the extent and in the manner
      hereinafter set forth, in right of payment to the prior payment in full of
      all
      Senior Indebtedness. In the event a series of Securities is not designated
      as
      subordinated pursuant to Section 3.01(s), this Article XV shall have no effect
      upon the Securities.

    Section
      15.02    Distribution
      on Dissolution, Liquidation and Reorganization; Subrogation of
      Securities. Subject to Section 15.01, upon any
      distribution of assets of the Company upon any dissolution, winding up,
      liquidation or reorganization of the Company, whether in bankruptcy, insolvency,
      reorganization or receivership proceedings or upon an assignment for the benefit
      of creditors or any other marshalling of the assets and liabilities of the
      Company or otherwise (subject to the power of a court of competent jurisdiction
      to make other equitable provision reflecting the rights conferred in this
      Indenture upon the Senior Indebtedness and the holders thereof with respect
      to
      the Securities and the holders thereof by a lawful plan of reorganization under
      applicable bankruptcy law):

     

    (a)       the
      holders of all Senior Indebtedness shall be entitled to receive payment in
      full
      of the principal thereof (and premium, if any) and interest due thereon before
      the Holders of the Securities are entitled to receive any payment upon the
      principal (or premium, if any) or interest, if any, on Indebtedness evidenced
      by
      the Securities; and

    (b)       any
      payment or distribution of assets of the Company of any kind or character,
      whether in cash, property or securities, to which the Holders of the Securities
      or the Trustee would be entitled except for the provisions of this Article
      XV
      shall be paid by the liquidation trustee or agent or other
      Person making such payment or distribution, whether a trustee in bankruptcy,
      a
      receiver or liquidating trustee or otherwise, directly to the holders of Senior
      Indebtedness or their representative or representatives or to the trustee or
      trustees under any indenture under which any instruments evidencing any of
      such
      Senior Indebtedness may have been issued, ratably according to the aggregate
      amounts remaining unpaid on account of the principal of (and premium, if any)
      and interest on the Senior Indebtedness held or represented by each, to the
      extent necessary to make payment in full of all Senior Indebtedness remaining
      unpaid, after giving effect to any concurrent payment or distribution to the
      holders of such Senior Indebtedness; and

    
       

      
        
           

        

        
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    (c)       in
      the
      event that, notwithstanding the foregoing, any payment or distribution of assets
      of the Company of any kind or character, whether in cash, property or securities
      prohibited by the foregoing, shall be received by the Trustee or the Holders
      of
      the Securities before all Senior Indebtedness is paid in full, such payment
      or
      distribution shall be paid over, upon written notice to a Responsible Officer
      of
      the Trustee, to the holder of such Senior Indebtedness or his, her or its
      representative or representatives or to the trustee or trustees under any
      indenture under which any instrument evidencing any of such Senior Indebtedness
      may have been issued, ratably as aforesaid, as calculated by the Company, for
      application to payment of all Senior Indebtedness remaining unpaid until all
      such Senior Indebtedness shall have been paid in full, after giving effect
      to
      any concurrent payment or distribution to the holders of such Senior
      Indebtedness.

    (d)       Subject
      to the payment in full of all Senior Indebtedness, the Holders of the Securities
      shall be subrogated to the rights of the holders of Senior Indebtedness (to
      the
      extent that distributions otherwise payable to such holder have been applied
      to
      the payment of Senior Indebtedness) to receive payments or distributions of
      cash, property or securities of the Company applicable to Senior Indebtedness
      until the principal of (and premium, if any) and interest, if any, on the
      Securities shall be paid in full and no such payments or distributions to the
      Holders of the Securities of cash, property or securities otherwise
      distributable to the holders of Senior Indebtedness shall, as between the
      Company, its creditors other than the holders of Senior Indebtedness, and the
      Holders of the Securities be deemed to be a payment by the Company to or on
      account of the Securities. It is understood that the provisions of this Article
      XV are and are intended solely for the purpose of defining the relative rights
      of the Holders of the Securities, on the one hand, and the holders of the Senior
      Indebtedness, on the other hand. Nothing contained in this Article XV or
      elsewhere in this Indenture or in the Securities is intended to or shall impair,
      as between the Company, its creditors other than the holders of Senior
      Indebtedness, and the Holders of the Securities, the obligation of the Company,
      which is unconditional and absolute, to pay to the Holders of the Securities
      the
      principal of (and premium, if any) and interest, if any, on the Securities
      as
      and when the same shall become due and payable in accordance with their terms,
      or to affect the relative rights of the Holders of the Securities and creditors
      of the Company other than the holders of Senior Indebtedness, nor shall anything
      herein or in the Securities prevent the Trustee or the Holder of any Security
      from exercising all remedies otherwise permitted by applicable law upon default
      under this Indenture, subject to the rights, if any, under this Article XV
      of
      the holders of Senior Indebtedness in respect of cash, property or securities
      of
      the Company received upon the exercise of any such remedy. Upon any payment
      or
      distribution of assets of the Company referred to in this Article XV, the
      Trustee, subject to the provisions of Section 15.05, shall be entitled to
      conclusively rely upon a certificate of the liquidating trustee or agent or other person making any distribution to the
      Trustee for the
      purpose of ascertaining the Persons entitled to participate in such
      distribution, the holders of Senior Indebtedness and other indebtedness of
      the
      Company, the amount thereof or payable thereon, the amount or amounts paid
      or
      distributed thereof and all other facts pertinent thereto or to this Article
      XV.

    
       

      
        
           

        

        
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    Section
      15.03    No Payment on
      Securities in Event of Default on Senior Indebtedness.
      Subject to Section 15.01, no payment by the Company on account of principal
      (or
      premium, if any), sinking funds or interest, if any, on the Securities shall
      be
      made at anytime if: (i) a default on Senior Indebtedness exists that permits
      the
      holders of such Senior Indebtedness to accelerate its maturity and (ii) the
      default is the subject of judicial proceedings or the Company has received
      notice of such default. The Company may resume payments on the Securities when
      full payment of amounts then due for principal (premium, if any), sinking funds
      and interest on Senior Indebtedness has been made or duly provided for in money
      or money’s worth.

    In
      the event that, notwithstanding the foregoing, any payment shall be
      received by the Trustee when such payment is prohibited by the preceding
      paragraph of this Section 15.03, such payment shall be held in trust for the
      benefit of, and shall be paid over or delivered to, the holders of such Senior
      Indebtedness or their respective representatives, or to the trustee or trustees
      under any indenture pursuant to which any of such Senior Indebtedness may have
      been issued, as their respective interests may appear, as calculated by the
      Company, but only to the extent that the holders of such Senior Indebtedness
      (or
      their representative or representatives or a trustee) notify the Trustee in
      writing within 90 days of such payment of the amounts then due and owing on
      such
      Senior Indebtedness and only the amounts specified in such notice to the Trustee
      shall be paid to the holders of such Senior Indebtedness.

    Section
      15.04    Payments on
      Securities Permitted. Subject to Section 15.01, nothing
      contained in this Indenture or in any of the Securities shall (a) affect the
      obligation of the Company to make, or prevent the Company from making, at any
      time except as provided in Sections 15.02 and 15.03, payments of principal
      of
      (or premium, if any) or interest, if any, on the Securities or (b) prevent
      the
      application by the Trustee of any moneys or assets deposited with it hereunder
      to the payment of or on account of the principal of (or premium, if any) or
      interest, if any, on the Securities, unless a Responsible Officer of the Trustee
      shall have received at its Corporate Trust Office written notice of any fact
      prohibiting the making of such payment from the Company or from the holder
      of
      any Senior Indebtedness or from the trustee for any such holder, together with
      proof satisfactory to the Trustee of such holding of Senior Indebtedness or
      of
      the authority of such trustee more than two Business Days prior to the date
      fixed for such payment.

    Section
      15.05    Authorization
      of Securityholders to Trustee to Effect Subordination.
      Subject to Section 15.01, each Holder of Securities by his acceptance thereof
      authorizes and directs the Trustee on his, her or its behalf to take such action
      as may be necessary or appropriate to effectuate the subordination as provided
      in this Article XV and appoints the Trustee his attorney-in-fact for any and
      all
      such purposes.

    Section
      15.06    Notices to
      Trustee. The Company shall give prompt written notice to
      a Responsible Officer of the Trustee of any fact known to the Company that
      would
      prohibit the making of any payment of monies or assets to or by the Trustee
      in
      respect of the Securities of any series pursuant to the
      provisions of this Article XV. Subject to Section 15.01, notwithstanding the
      provisions of this Article XV or any other provisions of this Indenture, neither
      the Trustee nor any Paying Agent (other than the Company) shall be charged
      with
      knowledge of the existence of any Senior Indebtedness or of any fact which
      would
      prohibit the making of any payment of moneys or assets to or by the Trustee
      or
      such Paying Agent, unless and until a Responsible Officer of the Trustee or
      such
      Paying Agent shall have received (in the case of a Responsible Officer of the
      Trustee, at the Corporate Trust Office of the Trustee) written notice thereof
      from the Company or from the holder of any Senior Indebtedness or from the
      trustee for any such holder, together with proof satisfactory to the Trustee
      of
      such holding of Senior Indebtedness or of the authority of such trustee and,
      prior to the receipt of any such written notice, the Trustee shall be entitled
      in all respects conclusively to presume that no such facts exist; provided,
      however, that if at least two Business Days prior to the date upon which by
      the
      terms hereof any such moneys or assets may become payable for any purpose
      (including, without limitation, the payment of either the principal (or premium,
      if any) or interest, if any, on any Security) a Responsible Officer of the
      Trustee shall not have received with respect to such moneys or assets the notice
      provided for in this Section 15.06, then, anything herein contained to the
      contrary notwithstanding, the Trustee shall have full power and authority to
      receive such moneys or assets and to apply the same to the purpose for which
      they were received, and shall not be affected by any notice to the contrary
      which may be received by it within two Business Days prior to such date. The
      Trustee shall be entitled to rely on the delivery to it of a written notice
      by a
      Person representing himself to be a holder of Senior Indebtedness (or a trustee
      on behalf of such holder) to establish that such a notice has been given by
      a
      holder of Senior Indebtedness or a trustee on behalf of any such holder. In
      the
      event that the Trustee determines in good faith that further evidence is
      required with respect to the right of any Person as a holder of Senior
      Indebtedness to participate in any payment or distribution pursuant to this
      Article XV, the Trustee may request such Person to furnish evidence to the
      reasonable satisfaction of the Trustee as to the amount of Senior Indebtedness
      held by such Person, the extent to which such Person is entitled to participate
      in such payment or distribution and any other facts pertinent to the rights
      of
      such Person under this Article XV and, if such evidence is not furnished, the
      Trustee may defer any payment to such Person pending judicial determination
      as
      to the right of such Person to receive such payment.

    
       

      
        
           

        

        
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    Section
      15.07    Trustee as
      Holder of Senior Indebtedness. Subject to Section 15.01,
      the Trustee in its individual capacity shall be entitled to all the rights
      set
      forth in this Article XV in respect of any Senior Indebtedness at any time
      held
      by it to the same extent as any other holder of Senior Indebtedness and nothing
      in this Indenture shall be construed to deprive the Trustee of any of its rights
      as such holder. Nothing in this Article XV shall apply to claims of, or payments
      to, the Trustee under or pursuant to Sections 7.05 or 11.01.

    Section
      15.08    Modifications
      of Terms of Senior Indebtedness. Subject to Section
      15.01, any renewal or extension of the time of payment of any Senior
      Indebtedness or the exercise by the holders of Senior Indebtedness of any of
      their rights under any instrument creating or evidencing Senior Indebtedness,
      including, without limitation, the waiver of default thereunder, may be made
      or
      done all without notice to or assent from the Holders of the Securities or
      the
      Trustee. No compromise, alteration, amendment, modification, extension, renewal
      or other change of, or waiver, consent or other action in respect of, any
      liability or obligation under or in respect of, or of any of the terms,
      covenants or conditions of any indenture or other instrument under which any Senior Indebtedness is outstanding or
      of such Senior
      Indebtedness, whether or not such release is in accordance with the provisions
      of any applicable document, shall in any way alter or affect any of the
      provisions of this Article XV or of the Securities relating to the subordination
      thereof.

     

    
      
         

      

      
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    Section
      15.09    Reliance on
      Judicial Order or Certificate of Liquidating Agent.
      Subject to Section 15.01, upon any payment or distribution of assets of the
      Company referred to in this Article XV, the Trustee and the Holders of the
      Securities shall be entitled to conclusively rely upon any order or decree
      entered by any court of competent jurisdiction in which such insolvency,
      bankruptcy, receivership, liquidation, reorganization, dissolution, winding
      up
      or similar case or proceeding is pending, or a certificate of the trustee in
      bankruptcy, liquidating trustee, custodian, receiver, assignee for the benefit
      of creditors, agent or other person making such payment or distribution,
      delivered to the Trustee or to the Holders of Securities, for the purpose of
      ascertaining the Persons entitled to participate in such payment or
      distribution, the holders of Senior Indebtedness and other indebtedness of
      the
      Company, the amount thereof or payable thereon, the amount or amounts paid
      or
      distributed thereon and all other facts pertinent thereto or to this Article
      XV.

    Section
      15.10    Satisfaction
      and Discharge; Defeasance and Covenant Defeasance.
      Subject to Section 15.01, amounts and U.S. Government Obligations deposited
      in
      trust with the Trustee pursuant to and in accordance with Article XII and not,
      at the time of such deposit, prohibited to be deposited under Sections 15.02
      or
      15.03 shall not be subject to this Article XV.

    Section
      15.11    Trustee Not
      Fiduciary for Holders of Senior Indebtedness. With
      respect to the holders of Senior Indebtedness, the Trustee undertakes to perform
      or observe only such of its covenants and obligations as are specifically set
      forth in this Article XV, and no implied covenants or obligations with respect
      to the holders of Senior Indebtedness shall be read into this Indenture against
      the Trustee. The Trustee shall not be deemed to owe any fiduciary duty to the
      holders of Senior Indebtedness. The Trustee shall not be liable to any such
      holder if it shall pay over or distribute to or on behalf of Holders of
      Securities or the Company, or any other Person, moneys or assets to which any
      holder of Senior Indebtedness shall be entitled by virtue of this Article XV
      or
      otherwise.

    ARTICLE
      XVI

     

    MISCELLANEOUS
      PROVISIONS

    
      	
               

            	
              Section
                16.01

            	
              Certificates
                and Opinions as to Conditions
                Precedent.

            

    

    (a)       Upon
      any
      request or application by the Company to the Trustee to take any action under
      any of the provisions of this Indenture, the Company shall furnish to the
      Trustee an Officer’s Certificate stating that all conditions precedent, if any,
      provided for in this Indenture relating to the proposed action have been
      complied with and an Opinion of Counsel stating that in the opinion of such
      counsel all such conditions precedent have been complied with, except that
      in
      the case of any such application or demand as to which the furnishing of such
      document is specifically required by any provision of this Indenture relating
      to
      such particular application or demand, no additional certificate or opinion
      need
      be furnished.

    
       

      
        
           

        

        
          67

          
            

          

        

        
           

        

      

    

    
    

    (b)       Each
      certificate or opinion provided for in this Indenture and delivered to the
      Trustee with respect to compliance with a condition or covenant provided for
      in
      this Indenture (other than the certificates provided pursuant to Section 6.05
      of
      this Indenture) shall include (i) a statement that the Person giving such
      certificate or opinion has read such covenant or condition; (ii) 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; (iii) a statement that, in the view or opinion of such Person, he or
      she
      has made such examination or investigation as is necessary to enable such Person
      to express an informed view or opinion as to whether or not such covenant or
      condition has been complied with; and (iv) a statement as to whether or not,
      in
      the view or opinion of such Person, such condition or covenant has been complied
      with.

    (c)       Any
      certificate, statement or opinion of an officer of the Company may be based,
      insofar as it relates to legal matters, upon a certificate or opinion of, or
      representations by, counsel, unless such officer knows, or in the exercise
      of
      reasonable care should know, that the certificate or opinion or representations
      with respect to the matters upon which his or her certificate, statement or
      opinion is based are erroneous. Any certificate, statement or opinion of counsel
      may be based, insofar as it relates to factual matters, upon a certificate,
      statement or opinion of, or representations by, an officer or officers of the
      Company stating that the information with respect to such factual matters is
      in
      the possession of the Company, unless such counsel knows, or in the exercise
      of
      reasonable care should know, that the certificate, statement or opinion or
      representations with respect to such matters are erroneous. 

    (d)       Any
      certificate, statement or opinion of an officer of the Company or of counsel
      to
      the Company may be based, insofar as it relates to accounting matters, upon
      a
      certificate or opinion of, or representations by, an accountant or firm of
      accountants, unless such officer or counsel, as the case may be, knows, or
      in
      the exercise of reasonable care should know, that the certificate or opinion
      or
      representations with respect to the accounting matters upon which his or her
      certificate, statement or opinion may be based are erroneous. Any certificate
      or
      opinion of any firm of independent registered public accountants filed with
      the
      Trustee shall contain a statement that such firm is independent. 

    (e)       In
      any
      case where several matters are required to be certified by, or covered by an
      opinion of, any specified Person, it is not necessary that all such matters
      be
      certified by, or covered by the opinion of, only one such Person, or that they
      be so certified or covered by only one document, but one such Person may certify
      or give an opinion with respect to some matters and one or more other such
      Persons as to other matters, and any such Person may certify or give an opinion
      as to such matters in one or several documents. 

    (f)        Where
      any Person is required to make, give or execute two or more
      applications, requests, consents, certificates, statements, opinions or other
      instruments under this Indenture, they may, but need not, be consolidated and
      form one instrument.

    Section
      16.02    Trust
      Indenture Act Controls. If and to the extent that any
      provision of this Indenture limits, qualifies or conflicts with the duties
      imposed by, or another provision included in this Indenture which is required
      to
      be included in this Indenture by any of the provisions of
      Sections 310 to 318, inclusive, of the Trust Indenture Act, such imposed duties
      or incorporated provision shall control.

    
       

      
        
           

        

        
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    Section
      16.03    Notices to
      the Company and Trustee. Any notice or demand authorized
      by this Indenture to be made upon, given or furnished to, or filed with, the
      Company or the Trustee shall be sufficiently made, given, furnished or filed
      for
      all purposes if it shall be mailed, delivered or telefaxed to:

    (a)       the
      Company, at 1345 Avenue of the Americas, New York, New York 10105, Attention:
      Debra A. Hess, Chief Financial Officer, fax: (212) 798-6060 or at such other
      address or facsimile number as may have been furnished in writing to the Trustee
      by the Company.

    (b)       the
      Trustee, at the Corporate Trust Office of the Trustee, Attention: Newcastle
      Investment Corp. Administrator.

    Any
      such notice, demand or other document shall be in the English
      language.

    Section
      16.04    Notices to
      Securityholders; Waiver. Any notice required or
      permitted to be given to Securityholders shall be sufficiently given (unless
      otherwise herein expressly provided), 

    (a)       if
      to
      Holders, if given in writing by first class mail, postage prepaid, to such
      Holders at their addresses as the same shall appear on the Register of the
      Company.

    (b)       In
      the
      event of suspension of regular mail service or by reason of any other cause
      it
      shall be impracticable to give notice by mail, then such notification as shall
      be given with the approval of the Trustee shall constitute sufficient notice
      for
      every purpose hereunder. 

    (c)       Where
      this Indenture provides for notice in any manner, such notice may be waived
      in
      writing by the Person entitled to receive such notice, either before or after
      the event, and such waiver shall be the equivalent of such notice. Waivers
      of
      notice by Holders shall be filed with the Trustee, but such filing shall not
      be
      a condition precedent to the validity of any action taken in reliance on such
      waiver. In any case where notice to Holders is given by mail; neither the
      failure to mail such notice nor any defect in any notice so mailed to any
      particular Holder shall affect the sufficiency of such notice with respect
      to
      other Holders, and any notice that is mailed in the manner herein provided
      shall
      be conclusively presumed to have been duly given. In any case where notice
      to
      Holders is given by publication, any defect in any notice so published as to
      any
      particular Holder shall not affect the sufficiency of such notice with respect
      to other Holders, and any notice that is published in the manner herein provided
      shall be conclusively presumed to have been duly given.

    Section
      16.05    Legal
      Holiday. Unless otherwise specified pursuant to Section
      3.01, in any case where any Interest Payment Date, Redemption Date or Maturity
      of any Security of any series shall not be a Business Day at any Place of
      Payment for the Securities of that series, then payment of principal and
      premium, if any, or interest need not be made at such Place of Payment on such
      date, but may be made on the next succeeding Business Day at such Place of
      Payment with the same force and effect as if made on such
      Interest Payment Date, Redemption Date or Maturity and no interest shall accrue
      on such payment for the period from and after such Interest Payment Date,
      Redemption Date or Maturity, as the case may be, to such Business Day if such
      payment is made or duly provided for on such Business Day.

    
       

      
        
           

        

        
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    Section
      16.06    Effects of
      Headings and Table of Contents. The Article and Section
      headings herein and the Table of Contents are for convenience only and shall
      not
      affect the construction hereof.

    Section
      16.07    Successors
      and Assigns. All covenants and agreements in this
      Indenture by the parties hereto shall bind their respective successors and
      assigns and inure to the benefit of their permitted successors and assigns,
      whether so expressed or not.

    Section
      16.08    Separability
      Clause. In case any provision in this Indenture or in
      the Securities 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
      16.09    Benefits of
      Indenture. Nothing in this Indenture expressed and
      nothing that may be implied from any of the provisions hereof is intended,
      or
      shall be construed, to confer upon, or to give to, any Person or corporation
      other than the parties hereto and their successors and the Holders of the
      Securities any benefit or any right, remedy or claim under or by reason of
      this
      Indenture or any covenant, condition, stipulation, promise or agreement hereof,
      and all covenants, conditions, stipulations, promises and agreements in this
      Indenture contained shall be for the sole and exclusive benefit of the parties
      hereto and their successors and of the Holders of the Securities.

    Section
      16.10    Counterparts
      Originals. This Indenture may be executed in any number
      of counterparts, each of which so executed shall be deemed to be an original,
      but all such counterparts shall together constitute but one and the same
      instrument.

    Section
      16.11    Governing
      Law; Waiver of Trial by Jury. This Indenture and the
      Securities shall be deemed to be contracts made under the law of the State
      of
      New York, and for all purposes shall be governed by and construed in accordance
      with the law of said State.

    EACH
      PARTY HERETO, AND EACH HOLDER OF A SECURITY BY ACCEPTANCE THEREOF,
      HEREBY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT
      IT
      MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY LITIGATION DIRECTLY OR INDIRECTLY
      ARISING OUT OF, UNDER OR IN CONNECTION WITH THIS INDENTURE.

    
       

      
        
           

        

        
          70

          
            

          

        

        
           

        

      

    

    
    

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

     

    
      	
              NEWCASTLE INVESTMENT
                CORP.,
as Issuer

            
	
              By:

            	
               

            
	
              Name:
Title:

            
	
              LASALLE BANK NATIONAL
                ASSOCIATION, as Trustee

            
	
              By:

            	
               

            
	
              Name:
Title:

            

    

     

    
      
         

      

      
        71COMMON
      STOCK PURCHASE WARRANT

     

    THE
      WARRANT EVIDENCED OR CONSTITUTED HEREBY, AND ALL SHARES OF COMMON STOCK
      DELIVERABLE UPON EXERCISE HEREUNDER, HAVE NOT BEEN AND WILL NOT BE REGISTERED
      UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “ACT”) OR ANY STATE SECURITIES
      LAWS AND MAY NOT BE SOLD, OFFERED FOR SALE, TRANSFERRED, PLEDGED OR HYPOTHECATED
      WITHOUT REGISTRATION UNDER THE ACT UNLESS PURSUANT TO (A) AN OPINION OF COUNSEL,
      IN FORM AND SUBSTANCE REASONABLY SATISFACTORY TO THE COMPANY, TO THE EFFECT
      THAT
      REGISTRATION IS NOT REQUIRED IN CONNECTION WITH SUCH DISPOSITION OR (B) AN
      EXEMPTION FROM REGISTRATION UNDER THE ACT IN RELIANCE UPON RULE 144 PROMULGATED
      THEREUNDER.

     

    Date:
      February __, 2007

     

    
      	
              No.
                W-_________

            	
              [______]
                Warrants

            

    

     

    WARRANT
      TO PURCHASE COMMON STOCK

     

    OF

     

    CHINA
      PRECISION STEEL, INC.

     

    THIS
      CERTIFIES THAT, for value received, _____________ (“Holder”), is entitled,
      subject to the terms and conditions of this Common Stock Purchase Warrant (this
      “Warrant”), at any time or from time to time after the date hereof (the
“Effective Date”), to purchase up to __________ (_________) shares (the “Warrant
      Shares”) of Common Stock (as defined below), from China Precision Steel, Inc., a
      Colorado corporation (the “Company”), at an exercise price per share equal to
      $3.00 (the “Purchase Price). This Warrant shall expire at 5:00 p.m. Eastern Time
      on that date which is thirty-six (36) months from the date of this Warrant
      (the
“Expiration Date”). Both the number of shares of Common Stock purchasable upon
      exercise of this Warrant and the Purchase Price are subject to adjustment and
      change as provided herein. This Warrant is issued in connection with that
      certain [Engagement Letter, dated as of April 29, 2006,]/[Agreement, dated
      as of
      October 21, 2006,] by and between the Holder and Partner Success Holdings
      Limited.

     

    1. CERTAIN
      DEFINITIONS. As used in this Warrant the following terms shall have the
      following respective meanings:

     

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

     

    “Common
      Stock” shall mean the common stock of the Company, par value $0.001 per share,
      and any other securities at any time receivable or issuable upon exercise of
      this Warrant.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    “Fair
      Market Value” or “FMV” of a share of Common Stock as of a particular date shall
      mean: 

     

    (a) If
      traded
      on a securities exchange, the Fair Market Value shall be deemed to be the
      average of the closing prices of the Common Stock of the Company on such
      exchange over the five (5) business days ending immediately prior to the
      applicable date of valuation; 

     

    (b) If
      actively traded over-the-counter, the Fair Market Value shall be deemed to
      be
      the average of the closing bid prices over the 30-day period ending immediately
      prior to the applicable date of valuation; and 

     

    (c) If
      there
      is no active public market, the Fair Market Value shall be the value as
      determined in good faith by the Company’s Board of Directors upon a review of
      relevant factors, including due consideration of the Holders’ determination of
      the value of the Company.

     

    “SEC”
      shall mean the Securities and Exchange Commission.

     

    “Trading
      Day” means a day on which the Common Stock is listed or quoted for trading on
      the date in question on The NASDAQ Capital Market, The NASDAQ National Market,
      the OTC Bulletin Board or any other recognized exchange in the United
      States.

     

    2. EXERCISE
      OF WARRANT 

     

    2.1
       Exercise,
      Payment.
      Subject
      to compliance with the terms and conditions of this Warrant and applicable
      securities laws, this Warrant may be exercised, in whole or in part at any
      time
      or from time to time, on or before the Expiration Date by the delivery
      (including, without limitation, delivery by facsimile) of the form of Notice
      of
      Exercise attached hereto as Exhibit 1 (the “Notice of Exercise”), duly executed
      by the Holder, at the address of the Company as set forth herein, and as soon
      as
      practicable after such date,

     

    (a) surrendering
      this Warrant at the address of the Company, and

     

    (b) providing
      payment, by check or by wire transfer, of an amount equal to the product
      obtained by multiplying the number of shares of Common Stock being purchased
      upon such exercise by the then effective Purchase Price (the “Exercise Amount”),
      or 

     

    (c) in
      lieu
      of tendering the Exercise Amount, the Warrants may be exercised by surrendering
      this Certificate together with irrevocable instructions to the Company to issue
      in exchange for this Certificate the number of shares of Common Stock equal
      to
      the product of (i) the number of shares as to which the Warrants are being
      exercised multiplied by (ii) tha fraction the numerator of which is the Fair
      Market Value of a share of Common Stock on the last business day immediately
      preceding the exercise date less the Purchase Price therefore and the
      denominator of which is such Fair Market Value (a “Cashless Exercise”).

     

    2.2 Common
      Stock Certificates; Fractional Shares.
      Following the Company’s receipt of a Notice of Exercise, the Company will use
      commercially reasonable efforts to cause the delivery within three (3) Trading
      Days of such receipt, to the person or persons entitled to receive the same,
      a
      certificate or certificates for the number of whole shares of Common Stock
      issuable upon such exercise. The Company shall register the number of shares
      of
      Common Stock issuable upon exercise on the share register of the Company. No
      fractional shares or scrip representing fractional shares of Common Stock shall
      be issued upon an exercise of this Warrant.

     

    
      
        
        

      

      
        -2-

        
          

        

      

      
        
        

      

    

     

    2.3 Partial
      Exercise: Effective Date of Exercise.
      In case
      of any partial exercise of this Warrant, the Holder and the Company shall cancel
      this Warrant upon surrender hereof and shall execute and deliver a new Common
      Stock Purchase Warrant of like tenor and date for the balance of the shares
      of
      Common Stock purchasable hereunder. This Warrant shall be deemed to have been
      exercised immediately prior to the close of business on the date of its
      surrender for exercise as provided above. The Company acknowledges that the
      person entitled to receive the shares of Common Stock issuable upon exercise
      of
      this Warrant shall be treated for all purposes as the holder of record of such
      shares as of the close of business on the date the Holder is deemed to have
      exercised this Warrant.

     

    3. TAXES.
      The Company shall pay all taxes and other governmental charges that may be
      imposed in respect of the delivery of shares upon exercise of this Warrant;
      provided, however, that the Company shall not be required to pay any tax or
      other charge imposed in connection with any transfer involved in the delivery
      of
      any certificate for shares of Common Stock in any name other than that of the
      Holder of this Warrant, and in such case the Company shall not be required
      to
      deliver any stock certificate until such tax or other charge has been paid,
      or
      it has been established to the Company’s reasonable satisfaction that no tax or
      other charge is due.

     

    4. ADJUSTMENT
      OF PURCHASE PRICE AND NUMBER OF COMMON STOCK. The number of shares of Common
      Stock deliverable upon exercise of this Warrant (or any shares of stock or
      other
      securities or property receivable upon exercise of this Warrant) and the
      Purchase Price are subject to adjustment upon occurrence of the following
      events:

     

    4.1 Adjustment
      for Stock Splits, Stock Subdivisions or Combinations of Shares of Common
      Stock.
      The
      Purchase Price of this Warrant shall be proportionally decreased and the number
      of shares of Common Stock deliverable upon exercise of this Warrant (or any
      shares of stock or other securities at the time deliverable upon exercise of
      this Warrant) shall be proportionally increased to reflect any stock split
      or
      subdivision of the Company’s Common Stock. The Purchase Price of this Warrant
      shall be proportionally increased and the number of shares of Common Stock
      deliverable upon exercise of this Warrant (or any shares of stock or other
      securities at the time deliverable upon exercise of this Warrant) shall be
      proportionally decreased to reflect any combination of the Company’s Common
      Stock.

     

    4.2 Reclassification.
      If the
      Company, by reclassification of securities or otherwise, shall change any of
      the
      securities as to which purchase rights under this Warrant exist into the same
      or
      a different number of securities of any other class or classes, this Warrant
      shall thereafter represent the right to acquire such number and kind of
      securities as would have been issuable as the result of such change with respect
      to the securities that were subject to the purchase rights under this Warrant
      immediately prior to such reclassification or other change and the Purchase
      Price therefore shall be appropriately adjusted, all subject to further
      adjustment as provided in this Section 4. No adjustment shall be made pursuant
      to this Section 4.2 upon any conversion or redemption of the Common Stock which
      is the subject of Section 4.4.

     

    
      
        
        

      

      
        -3-

        
          

        

      

      
        
        

      

    

     

    4.3 Adjustment
      for Capital Reorganization, Merger or Consolidation.
      In case
      of any capital reorganization of the capital stock of the Company (other than
      a
      combination, reclassification, exchange or subdivision of shares otherwise
      provided for herein), or any merger or consolidation of the Company with or
      into
      another corporation, or the sale of all or substantially all the assets of
      the
      Company then, and in each such case, as a part of such reorganization, merger,
      consolidation, sale or transfer, lawful provision shall be made so that the
      Holder of this Warrant shall thereafter be entitled to receive upon exercise
      of
      this Warrant (in all cases without regard to any limitations on the exercise
      of
      this Warrant), during the period specified herein and upon payment of the
      Purchase Price then in effect, the number of shares of stock or other securities
      or property of the successor corporation resulting from such reorganization,
      merger, consolidation, sale or transfer that a holder of the shares deliverable
      upon exercise of this Warrant would have been entitled to receive in such
      reorganization, consolidation, merger, sale or transfer if this Warrant had
      been
      exercised immediately before such reorganization, merger, consolidation, sale
      or
      transfer, all subject to further adjustment as provided in this Section 4.
      The
      foregoing provisions of this Section 4.3 shall similarly apply to successive
      reorganizations, consolidations, mergers, sales and transfers and to the stock
      or securities of any other corporation that are at the time receivable upon
      the
      exercise of this Warrant. If the per-share consideration payable to the Holder
      hereof for shares in connection with any such transaction is in a form other
      than cash or marketable securities, then the value of such consideration shall
      be determined in good faith by the Company’s Board of Directors. In all events,
      appropriate adjustment (as determined in good faith by the Company’s Board of
      Directors) shall be made in the application of the provisions of this Warrant
      with respect to the rights and interests of the Holder after the transaction,
      to
      the end that the provisions of this Warrant shall be applicable after that
      event, as near as reasonably may be, in relation to any shares or other property
      deliverable after that event upon exercise of this Warrant.

     

    4.4 Conversion
      of Common Stock.
      If all
      or any portion of the authorized and outstanding shares of Common Stock of
      the
      Company are redeemed or converted or reclassified into other securities or
      property pursuant to the Company’s Articles of Incorporation or otherwise, or
      the Common Stock otherwise ceases to exist, then, in such case, the Holder
      of
      this Warrant, upon exercise hereof at any time after the date on which the
      Common Stock is so redeemed or converted, reclassified or ceases to exist (the
      “Termination Date”), shall receive, in lieu of the number of shares of Common
      Stock that would have been deliverable upon such exercise immediately prior
      to
      the Termination Date, the securities or property that would have been received
      if this Warrant had been exercised in full and the Common Stock received
      thereupon had been simultaneously converted immediately prior to the Termination
      Date, all subject to further adjustment as provided in this Warrant.
      Additionally, the Purchase Price shall be immediately adjusted to equal the
      quotient obtained by dividing (x) the aggregate Purchase Price of the maximum
      number of shares of Common Stock for which this Warrant was exercisable
      immediately prior to the Termination Date by (y) the number of shares of Common
      Stock of the Company for which this Warrant is exercisable immediately after
      the
      Termination Date, all subject to further adjustment as provided
      herein.

     

    5. LOSS
      OR
      MUTILATION. Upon receipt of evidence reasonably satisfactory the Company of
      the
      ownership of and the loss, theft, destruction or mutilation of this Warrant,
      and
      of indemnity reasonably satisfactory to it, and (in the case of mutilation) upon
      surrender and cancellation of this Warrant, the Company will cause to be
      executed and delivered in lieu thereof a new Warrant of like tenor as the lost,
      stolen, destroyed or mutilated Warrant.

     

    
      
        
        

      

      
        -4-

        
          

        

      

      
        
        

      

    

     

    6. REPRESENTATION.
      The Company hereby covenants that all shares issuable upon exercise of this
      Warrant, when delivered upon such exercise, shall be free and clear of all
      liens, security interests, charges and other encumbrances or restrictions on
      sale and free and clear of all preemptive rights, except encumbrances or
      restrictions arising under federal or state securities laws. Further, the
      Company hereby covenants to reserve such number of authorized but unissued
      shares of Common Stock for issuance upon exercise of this Warrant.

     

    7. RESTRICTIONS
      ON TRANSFER.

     

    7.1 The
      Holder, by acceptance hereof, agrees that, absent an effective registration
      statement filed with the SEC under the 1933 Act, covering the disposition or
      sale of this Warrant or the Common Stock issued or issuable upon exercise hereof
      or the Common Stock issuable upon conversion thereof, as the case may be, and
      registration or qualification under applicable state securities laws, such
      Holder will not sell, transfer, pledge, or hypothecate any or all such Warrants
      or Common Stock, as the case may be, unless either (i) the Company has received
      an opinion of counsel, in form and substance reasonably satisfactory to the
      Company, to the effect that such registration under the 1933 Act is not required
      in connection with such disposition or (ii) the sale of such securities is
      made
      pursuant to Rule 144 under the 1933 Act or pursuant to some other applicable
      exemption from registration.

     

    7.2 In
      addition to the foregoing restrictions on transfer, this Warrant may not be
      transferred by the Holder without the prior written consent of the Company,
      which consent may not be unreasonably withheld. In the event of a transfer
      to
      which the Company has previously consented in writing, this Warrant and all
      rights hereunder may be transferred by the Holder upon delivery of the form
      of
      Assignment attached hereto as Exhibit 2 (the “Assignment”), duly executed by the
      Holder, surrender of this Warrant properly endorsed at the address of the
      Company set forth herein and payment of any necessary transfer tax or other
      governmental charge imposed upon such transfer. Upon any partial transfer,
      the
      Holder and Company will cause to be issued and delivered to the Holder a new
      Warrant or Warrants with respect to the portion of this Warrant not so
      transferred. Each taker and holder of this Warrant, by taking or holding the
      same, consents and agrees that when this Warrant shall have been so endorsed,
      the person in possession of this Warrant may be treated by the Company, and
      all
      other persons dealing with this Warrant, as the absolute owner hereof for any
      purpose and as the person entitled to exercise the rights represented hereby,
      any notice to the contrary notwithstanding; provided, however that until a
      transfer of this Warrant is duly registered on the books of the Company, the
      Company may treat the Holder hereof as the owner for all purposes.

    
       

      8. COMPLIANCE
        WITH SECURITIES LAWS. By acceptance of this Warrant, the Holder hereby
        represents, warrants and covenants that it is an “accredited investor” as that
        term is defined under Rule 501 of Regulation D, that any shares of stock
        purchased upon exercise of this Warrant or acquired upon conversion thereof
        shall be acquired for investment only and not with a view to, or for sale
        in
        connection with, any distribution thereof, that the Holder has had such
        opportunity as such Holder has deemed adequate to obtain from representatives
        of
        the Company such information as is necessary to permit the Holder to evaluate
        the merits and risks of its investment in the Company; that the Holder is
        able
        to bear the economic risk of holding such shares as may be acquired pursuant
        to
        the exercise of this Warrant for an indefinite period; that the Holder
        understands that the shares of stock acquired pursuant to the exercise of
        this
        Warrant or acquired upon conversion thereof may not be registered under the
        1933
        Act (unless otherwise required pursuant to exercise by the Holder of the
        registration rights, if any, previously granted to the Holder) and will be
        “restricted securities” within the meaning of Rule 144 under the 1933 Act and
        that the exemption from registration under Rule 144 will not be available
        for at
        least one year from the date of exercise of this Warrant, and even then will
        not
        be available unless a public market then exists for the stock, adequate
        information concerning the Company is then available to the public, and other
        terms and conditions of Rule 144 are complied with; and that all stock
        certificates representing shares of stock issued to the Holder upon exercise
        of
        this Warrant or upon conversion of such shares may have affixed thereto a
        legend
        substantially in the following form:

       

    

    
      
        
        

      

      
        -5-

        
          

        

      

      
        
        

      

    

     

    THE
      SECURITIES REPRESENTED HEREBY HAVE NOT BEEN REGISTERED UNDER THE SECURITIES
      ACT
      OF 1933, AS AMENDED (THE “ACT”), OR UNDER THE SECURITIES LAWS OF ANY STATE.
      THESE SECURITIES ARE SUBJECT TO RESTRICTIONS ON TRANSFERABILITY AND RESALE
      AND
      MAY NOT BE TRANSFERRED OR RESOLD EXCEPT AS PERMITTED UNDER THE ACT AND ANY
      APPLICABLE STATE SECURITIES LAWS, PURSUANT TO REGISTRATION OR AN EXEMPTION
      THEREFROM. INVESTORS SHOULD BE AWARE THAT THEY MAY BE REQUIRED TO BEAR THE
      FINANCIAL RISKS OF THIS INVESTMENT FOR AN INDEFINITE PERIOD OF TIME. THE ISSUER
      OF THESE SECURITIES MAY REQUIRE AN OPINION OF COUNSEL IN FORM AND SUBSTANCE
      SATISFACTORY TO THE ISSUER TO THE EFFECT THAT ANY PROPOSED TRANSFER OR RESALE
      IS
      IN COMPLIANCE WITH THE ACT AND ANY APPLICABLE STATE SECURITIES
      LAWS.

     

    9. NO
      RIGHTS
      OR LIABILITIES AS STOCKHOLDERS. This Warrant shall not entitle the Holder to
      any
      voting rights or other rights as a stockholder of the Company. In the absence
      of
      affirmative action by such Holder to purchase Common Stock by exercise of this
      Warrant, no provisions of this Warrant, and no enumeration herein of the rights
      or privileges of the Holder hereof shall cause such Holder hereof to be a
      stockholder of the Company for any purpose.

     

    10. NOTICES.
      All notices and other communications required or permitted hereunder shall
      be in
      writing and shall be mailed by registered or certified mail, postage prepaid,
      return receipt requested, or by telecopier, or by email or otherwise delivered
      by hand or by messenger, addressed or telecopied to the person to whom such
      notice or communication is being given at its address set forth after its
      signature hereto. In order to be effective, a copy of any notice or
      communication sent by telecopier or email must be sent by registered or
      certified mail, postage prepaid, return receipt requested, or delivered
      personally to the person to whom such notice or communication is being at its
      address set forth after its signature hereto. If notice is provided by mail,
      notice shall be deemed to be given five (5) business days after proper deposit
      with the United States mail or nationally recognized overnight courier, or
      immediately upon personally delivery thereof, to person to whom such notice
      or
      communication is being at such address. If notice is provided by telecopier,
      notice shall be deemed to be given upon confirmation by the telecopier machine
      of the receipt of such notice at the telecopier number provided above. If notice
      is provided by email, notice shall be deemed to be given upon confirmation
      by
      the sender’s email program of the receipt of such notice at the email address
      provided after the signature of the person to whom such notice or communication
      is being. The addresses set forth after the signatures hereto may be changed
      by
      written notice complying with the terms of this Section 10.

     

    
      
        
        

      

      
        -6-

        
          

        

      

      
        
        

      

    

     

    11. HEADINGS.
      The headings in this Warrant are for purposes of convenience in reference only,
      and shall not be deemed to constitute a part hereof.

     

    12. GOVERNING
      LAW. This Warrant shall be construed and enforced in accordance with, and
      governed by, the laws of the State of New York.

     

    13. NOTICES
      OF RECORD DATE. In case the Company shall take a record of the holders of its
      Common Stock (or other stock or securities at the time receivable upon the
      exercise of this Warrant), for the purpose:

     

    (a) of
      any
      consolidation or merger of the Company with or into another corporation, any
      capital reorganization of the Company, any reclassification of the capital
      stock
      of the Company, or any conveyance of all or substantially all of the assets
      of
      the Company to another corporation in which holders of the Company’s stock are
      to receive stock, securities or property of another corporation; or

     

    (b) of
      any
      voluntary dissolution, liquidation or winding-up of the Company; or

     

    (c) of
      any
      redemption of any outstanding capital stock of the Company; then, and in each
      such case,

     

    the
      Company will mail or cause to be mailed to the Holder of this Warrant a notice
      specifying, as the case may be, the date on which such reorganization,
      reclassification, consolidation, merger, conveyance, dissolution, liquidation,
      winding-up, redemption or conversion is to take place, and the time, if any
      is
      to be fixed, as of which the holders of record of Common Stock (or such stock
      or
      securities as at the time are receivable upon the exercise of this Warrant)
      shall be entitled to exchange their shares of Common Stock (or such other stock
      or securities) for securities or other property deliverable upon such
      reorganization, reclassification, consolidation, merger, conveyance,
      dissolution, liquidation or winding-up. Such notice shall be delivered at least
      thirty (30) days prior to the date of the proposed action therein
      specified.

     

    14. SEVERABILITY.
      If any term, provision, covenant or restriction of this Warrant is held by
      a
      court of competent jurisdiction to be invalid, void or unenforceable, the
      remainder of the terms, provisions, covenants and restrictions of this Warrant
      shall remain in full force and effect and shall in no way be affected, impaired
      or invalidated.

     

    15. SATURDAYS,
      SUNDAYS AND HOLIDAYS. If the Expiration Date falls on a Saturday, Sunday or
      legal holiday, the Expiration Date shall automatically be extended until 5:00
      p.m. on the next business day.

     

    16. REMEDIES.
      In addition to being entitled to exercise all rights provided herein or granted
      by law, including recovery of damages, the Holder and the Company will be
      entitled to specific performance hereunder. The parties agree that monetary
      damages alone may not be adequate compensation for any loss incurred by reason
      of any breach of obligations hereunder and agrees to waive in any action for
      specific performance of any such obligation the defense that remedy at law
      would
      be adequate.

     

    [SIGNATURE
      PAGE FOLLOWS]

     

    
      
        
        

      

      
        -7-

        
          

        

      

      
        
        

      

    

    IN
      WITNESS WHEREOF, the parties hereto have executed this Warrant as of this ___
      day of February, 2007.

     

    
      	 	 	 
	 	
              CHINA
                PRECISION STEEL, INC.

            
	 
 	 
 	 
 
	 	By:  	 
	 	
              

              Name:
                Wo Hing Li

            
	 	
              Title:
                President 

            

    

     

    
      	 	 	
              Address
                for Notices:

            
	 	 	 
	
            	 	
              To
                the Issuer:

            
	 	 	 
	 	 	
              8th
                Floor, Teda Building

              87
                Wing Lok Street

              Sheung
                Wan, Hong Kong

              Facsimile:
                +1-86-21-2854-1122

            
	 	 	 
	 	 	
              To
                the Holder:

            
	 	 	 
	 	 	
              [Address]

            

    

    

    [SIGNATURE
      PAGE TO WARRANT]

     

    
      
        
        

      

      
        -8-

        
          

        

      

      
        
        

      

    

    EXHIBIT
      1

     

    NOTICE
      OF
      EXERCISE

     

    (To
      be
      executed upon exercise of Warrant)

     

    WARRANT
      NO. ___

     

    The
      undersigned hereby irrevocably elects to exercise the right of purchase
      represented by the within Warrant Certificate for, and to purchase thereunder,
      securities of China Precision Steel, Inc., as provided for therein, and (check
      the applicable box): 

     

    □
      Tenders
      herewith payment of the exercise price in full in the form of cash, a certified
      or official bank check in same-day funds, or electronic funds transfer in the
      amount of $ for such securities. 

     

    □
      Pursuant
      to the Cashless Exercise feature set forth in Section 2.1(c). 

     

    Please
      issue a certificate or certificates for such securities in the name of, and
      pay
      any cash for any fractional share to (please print name, address and social
      security number):

     

    Name:

     

    Address:

     

    Signature:

     

    Note:
      The
      above signature should correspond exactly with the name on the first page of
      this Warrant Certificate or with the name of the assignee appearing in the
      assignment form below.

     

    If
      said
      number of shares shall not be all the shares purchasable under the within
      Warrant Certificate, a new Warrant Certificate is to be issued in the name
      of
      said undersigned for the balance remaining of the shares purchasable thereunder
      rounded up to the next higher whole number of shares.

     

    
      
        
        

      

      
        -9-

        
          

        

      

      
        
        

      

    

    EXHIBIT
      2

     

    ASSIGNMENT

     

    (TO
      BE
      EXECUTED ONLY UPON ASSIGNMENT OF WARRANT CERTIFICATE)

     

    WARRANT
      NO.-___

     

    For
      value
      received, hereby sells, assigns and transfers unto ______________ the within
      Warrant Certificate, together with all right, title and interest therein, and
      does hereby irrevocably constitute and appoint ______________ attorney, to
      transfer said Warrant Certificate on the books of the within-named Company
      with
      respect to the number of Warrants set forth below, with full power of
      substitution in the premises:

     

    
      	
              NAME(S)
                OF ASSIGNEE(S)

            	
              ADDRESS(ES)
                OF ASSIGNEE(S)

            	
              #
                OR WARRANTS

            
	
              ________________________

            	
              ________________________

            	
              ________________________

            
	
              ________________________

            	
              ________________________

            	
              ________________________

            
	
              ________________________

            	
              ________________________

            	
              ________________________

            

    

     

    And
      if
      said number of Warrants shall not be all the Warrants represented by the Warrant
      Certificate, a new Warrant Certificate is to be issued in the name of said
      undersigned for the balance remaining of the Warrants registered by said Warrant
      Certificate.

     

    Dated:
      _______________, 200_

     

    Signature:________________________________

     

    Notice:
      The signature to the foregoing Assignment must correspond to the name as written
      upon the face of this security in every particular, without alteration or any
      change whatsoever; signature(s) must be guaranteed by an eligible guarantor
      institution (banks, stock brokers, savings and loan associations and credit
      unions with membership in an approved signature guarantee medallion program)
      pursuant to Securities and Exchange Commission Rule l7Ad-15.

     

    
      
        
        

      

      
        -10-

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