Document:

<PAGE>
                                                                     EXHIBIT 4.8

                  STOCK OPTION AGREEMENT dated as of August 20, 2001 (the
"Agreement") between WebMD Corporation, a Delaware corporation (the
"Company"), and Wayne Gattinella (the "Participant").

                  WHEREAS, the Letter Agreement dated as of August 20, 2001
(the "Letter Agreement") by and among the Company and the Participant, provides
for the grant to the Participant of a nonqualified stock option to purchase
600,000 shares of common stock, $.001 par value, of the Company (the "Common
Shares") upon the terms and conditions hereinafter set forth and in the Letter
Agreement;

                  NOW, THEREFORE, in consideration of the covenants and
agreements herein contained, the parties hereto agree as follows:

                  1.       Confirmation of Grant of Option; Effectiveness.
Pursuant to a determination by the Compensation Committee (the "Committee") of
the Board of Directors of the Company (the "Board"), the Company hereby
confirms that the Participant has been granted, effective as of the date hereof
(the "Date of Grant"), and subject to the terms and conditions of this
Agreement and the Letter Agreement, a nonqualified stock option (the "Option")
to purchase that number of Common Shares specified at the foot of the signature
page hereof, upon payment of the Option Price specified at the foot of the
signature page hereof. The Option shall be exercisable as hereinafter provided.

                  2.       Certain Restrictions. The Option may not be sold,
transferred, assigned, pledged, or otherwise encumbered or disposed of, except
by will or the laws of descent and distribution; provided, however, that the
Committee may, subject to such terms and conditions as the Committee shall
specify, permit the transfer of the Option to the Participant's family members,
to one or more trusts established in whole or in part for the benefit of one or
more of such family members or to any other entity that is owned by such family
members. During the Participant's lifetime, the Option shall be exercisable
only by the Participant or by the Participant's guardian or legal
representative. Each transferee of the Option by will or the laws of descent
and distribution shall, as a condition to the transfer thereof, execute an
agreement pursuant to which it shall become a party to this Agreement. Any
attempt to sell, transfer, assign, pledge or otherwise encumber or dispose of
the Option, contrary to the provisions of this Agreement, and any levy,
attachment or similar process upon an Option shall be null and void and without
effect, and the Board or the Committee may, in its discretion, upon the
happening of any such event, terminate the Option as of the date of such event.

                  3.       Terms and Conditions of Option. The Option evidenced
hereby is subject to the following terms and conditions:

                  (a)      Vesting. Subject to Section 3(b) of this Agreement,
         the Participant's Option shall vest and become exercisable ("Vested
         Options") in accordance with the following schedule:

<PAGE>

<TABLE>
<CAPTION>
                           Anniversary of            % of Option
                           Effective Time            Exercisable

                           <S>                       <C>
                                1st                      25%
                                2nd                      50%
                                3rd                      75%
                                4th                     100%
</TABLE>

                  (b)      Option Period. (i) The Option shall not be
         exercisable following the tenth anniversary of the Date of Grant, and
         shall be subject to earlier termination as provided below.

                  (ii)     In the event the Participant's employment with the
         Company and its subsidiaries is terminated by the Company for Cause or
         by the Participant without Good Reason (as such terms are defined on
         Annex A attached to the Letter Agreement), (y) the unvested portion of
         the Option shall terminate immediately and the Participant shall have
         no right after such termination to exercise such unvested portion of
         the Option and (z) the Vested Options shall remain outstanding and
         exercisable for 90 days following the termination of the Participant's
         employment.

                  (iii)    In the event that the Participant's employment with
         the Company and its subsidiaries is terminated by the Company without
         Cause or the Participant terminates his employment with the Company
         for Good Reason, subject to the conditions set forth in the Letter
         Agreement, the Option shall, to the extent unvested, continue to vest
         and remain exercisable as if the Participant remained in the employ of
         the Company until the first anniversary of the date of such
         termination.

                  (iv)     In the event that the Participant remains in the
         employ of the Company and its subsidiaries through the first
         anniversary of a Change in Control (as such term is defined on Annex A
         attached to the Letter Agreement), 75% of the unvested portion of the
         Option shall vest and become exercisable on the one year anniversary
         of such Change in Control.

                  (v)      In the event that following a Change in Control the
         Participant's employment with the Company and its subsidiaries is
         terminated by the Company without Cause or by the Participant for Good
         Reason prior to the one year anniversary date of a Change in Control,
         subject to the conditions set forth in the Letter Agreement, 75% of
         the unvested portion of the Option shall vest and become exercisable
         upon the Participant's termination.

                  (c)      Notice of Exercise. Subject to Sections 3(d), 3(f)
         and 5(b) hereof, the Participant may exercise any or all of the Vested
         Options (to the extent not forfeited) by giving written notice to the
         Finance Department of the Company at its principal business office.
         The date of exercise of the Vested Options shall be the later of (i)
         the date on which the Finance Department of the Company receives such
         written notice or (ii) the date on which the conditions provided in
         Sections 3(d), 3(f) and 5(b) hereof are satisfied.

                                       2
<PAGE>

                  (d)      Payment. Prior to the issuance of a certificate
         pursuant to Section 3(g) hereof evidencing Common Shares, the
         Participant shall have paid to the Company the Option Price of all
         Common Shares purchased pursuant to exercise of the Option, in cash or
         by certified or official bank check, and all applicable tax
         withholding obligations as provided in Section 5(b) of this Agreement.
         The Option Price may also be payable by a "cashless" exercise
         procedure through a broker and approved by the Committee.

                  (e)      Shareholder Rights. The Participant shall have no
         rights as a shareholder with respect to any Common Shares issuable
         upon the exercise of the Option until a certificate or certificates
         evidencing such shares shall have been issued to the Participant, and
         no adjustment shall be made for dividends or distributions or other
         rights in respect of any share for which the record date is prior to
         the date upon which the Participant shall become the holder of record
         thereof.

                  (f)      Limitation on Exercise. (i) The Common Shares issued
         upon exercise of the Option shall be issued only to the Participant or
         a person permitted to exercise the Option pursuant to Section 2. Each
         share certificate representing Common Shares purchased upon exercise
         of the Option shall bear a legend stating that the Common Shares
         evidenced thereby may not be sold or transferred except in compliance
         with the Securities Act of 1933, as amended (the "1933 Act") and the
         provisions of this Agreement. The certificate(s) may be made subject
         to a stop transfer order placed with the Company's transfer agent.

                  (ii)     The Option shall not be exercisable unless and until
         (A) a registration statement under the 1933 Act has been duly filed
         and declared effective pertaining to the Common Shares subject to such
         Option and such Common Shares shall have been qualified under
         applicable state "blue sky" laws, or (B) the Committee in its sole
         discretion determines that such registration and qualification is not
         required as a result of the availability of an exemption from such
         registration and qualification under such laws. The Company shall use
         all reasonable efforts to file a registration statement with the
         Securities and Exchange Commission on Form S-8 with respect to the
         Common Shares subject to the Option on or prior to the date on which
         such Option becomes exercisable. The Company shall have no obligation
         to issue any Common Shares pursuant to the exercise of the Option if
         the Company reasonably determines at the time of such exercise that
         the issuance of Common Shares at such time would violate applicable
         law with respect to insider trading or otherwise, or then existing
         policies of the Company applicable to employees of the Company or its
         subsidiaries holding options to purchase Common Shares.

                  (g)      Issuance of Certificate. As soon as practicable
         following the exercise of the Option, a certificate evidencing the
         number of Common Shares issued in connection with such exercise shall
         be issued in the name of the Participant.

                  4.       Representations and Warranties. The Participant is
aware of and familiar with the restrictions imposed on the transfer of the
Option. The Participant represents that this Agreement has been duly executed
and delivered by the Participant and constitutes a legal, valid and binding
agreement of the Participant, enforceable against the Participant in accordance
with

                                       3
<PAGE>

its terms, except as limited by any applicable bankruptcy, insolvency,
reorganization, moratorium or similar law affecting creditors' rights generally
and by general principles of equity. It shall be a further condition to the
Company's obligation to issue and deliver to the Participant certificates for
Common Shares upon exercise of the Option that the Participant deliver to the
Company in writing a representation that the Participant is exercising such
Option for his own account and, unless the Common Shares are then registered
under the 1933 Act, for investment only and not with a view to distribution and
that the Participant will not make any sale, transfer or other disposition of
any Common Shares purchased except (i) pursuant to the registration thereof
under the 1933 Act, (ii) pursuant to an opinion of counsel satisfactory in form
and substance to the Company that the sale, transfer or other disposition may
be made without registration, or (iii) pursuant to a "no-action" letter from
the Securities and Exchange Commission. The Participant has been advised and
understands that the Common Shares must be held indefinitely unless they are
registered for resale under the 1933 Act or an exemption from registration is
available.

                  5.       Miscellaneous.

                  (a)      No Rights to Grants or Continued Employment. Neither
         this Agreement nor any action taken or omitted to be taken hereunder
         or thereunder shall be deemed to create or confer on the Participant
         any right to be retained in the employ of the Company, or to interfere
         with or to limit in any way the right of the Company, to terminate the
         employment of the Participant at any time. The Participant shall have
         no rights in the benefits conferred by the Option or in any Common
         Shares except to the extent the Option is exercised while vested and
         exercisable and otherwise in accordance with the terms of this
         Agreement and the Letter Agreement. Termination of the Option by
         reason of cessation of employment shall not give rise to any claim for
         damages by the Participant under this Agreement or the Letter
         Agreement and shall be without prejudice to any rights or remedies
         which the Company, may have against the Participant.

                  (b)      Tax Withholding. The Company and its subsidiaries
         shall have the right to require the Participant to remit to the
         Company, prior to the delivery of any certificates evidencing Common
         Shares pursuant to the exercise of the Option, any amount sufficient
         to satisfy any federal, state or local tax withholding requirements.
         With the consent of the Company in its sole discretion, prior to the
         Company's determination of such withholding liability, the Participant
         may make an irrevocable election to satisfy, in whole or in part, such
         obligation to remit taxes by directing the Company to withhold Common
         Shares that would otherwise be received by the Participant. Such
         election may be denied by the Company in its sole discretion, or may
         be made subject to certain conditions specified by the Company,
         including, without limitation, conditions intended to avoid the
         imposition of liability against the Participant under Section 16(b) of
         the Securities and Exchange Act of 1934, as amended.

                  (c)      No Restriction on Right of Company to Effect
         Corporate Changes. This Agreement shall not affect in any way the
         right or power of the Company or its stockholders to make or authorize
         any or all adjustments, recapitalizations, reorganizations or other
         changes in the capital structure or business of the Company, or any
         merger or consolidation of the Company, or any issue of stock or of
         options, warrants or rights to purchase stock or of bonds, debentures,
         preferred or prior preference stocks whose rights are superior to or
         affect the

                                       4
<PAGE>

         Common Shares or the rights thereof or which are convertible into or
         exchangeable for Common Shares, or the dissolution or liquidation of
         the Company, or any sale or transfer of all or any part of the assets
         or business of the Company, or any other corporate act or proceeding,
         whether of a similar character or otherwise.

                  (d)      Notice of Exercise. Notwithstanding any other
         provision of this Agreement, the Company may, from time to time,
         require reasonable notice of the Participant's intent to exercise all
         or a portion of the Option in order for the Company to comply with any
         applicable securities laws, including, without limitation, Regulation
         M under the Exchange Act. The Company shall not be liable for any
         adverse change in the market value of the Common Shares during any
         such notice period.

                  6.       Adjustment.

                  (a)      The number and price per Common Share covered by the
         Option, and any other rights under the Option, shall be appropriately
         adjusted, as deemed appropriate by the Board or the Committee, as the
         case may be (whose good faith determination shall be absolute and
         binding on the Participant), to reflect any subdivision (stock split)
         or consolidation (reverse split) of the issued Common Shares, or any
         other recapitalization of the Company, or any business combination or
         other transaction involving the Company, which shall substantially
         affect the rights of holders of Common Shares. The Committee or the
         Board, as the case may be, shall provide for appropriate adjustment of
         the Option in the event of stock dividends or distributions of assets
         or securities of other companies owned by the Company to stockholders
         relating to Common Shares for which the record date is prior to the
         date the Common Shares purchased by exercise of the Option are issued
         or transferred, except that no such adjustment shall be made for stock
         dividends of 10% or less (cumulatively, in the aggregate) or cash
         dividends.

                  (b)      In the event of a change in the presently authorized
         Common Shares which is limited to a change of all of its presently
         authorized Common Shares into the same number of shares without par
         value, or any change of all of the then authorized Common Shares with
         par value into the same number of shares with a different par value,
         the shares resulting from any such change shall be deemed to be Common
         Shares for purposes hereof, and no change in the number of Common
         Shares covered by the Option or in the Option Price shall take place.

                  7.       Survival.

                  All agreements, representations and warranties made herein
and in any certificates delivered pursuant hereto shall survive the issuance to
the Participant of the Option and the Common Shares and, notwithstanding any
investigation heretofore or hereafter made by the Participant or the Company or
on the Participant's or the Company's behalf, shall continue in full force and
effect. Whenever in this Agreement any of the parties hereto is referred to,
such reference shall be deemed to include the heirs and permitted successors
and assigns of such party; and all agreements herein by or on behalf of the
Company, or by or on behalf of the Participant, shall bind and inure to the
benefit of the heirs and permitted successors and assigns of such parties
hereto.

                                       5
<PAGE>

                  8.       Notices. All notices and other communications
provided for herein shall be in writing and shall be delivered by hand or sent
by certified or registered mail, return receipt requested, postage prepaid,
addressed, if to the Participant, to his attention at the most recent mailing
address that the Company has on record and, if to the Company, to it at River
Drive Center 2, 669 River Drive, Elmwood Park, New Jersey 07407-1361,
Telecopier No.: (201) 703-3401, Attention: VP-Finance. All such notices shall
be conclusively deemed to be received and shall be effective, if sent by hand
delivery, upon receipt, or if sent by registered or certified mail, on the
fifth day after the day on which such notice is mailed.

                  9.       Waiver. The waiver by either party of compliance
with any provision of this Agreement by the other party shall not operate or be
construed as a waiver of any other provision of this Agreement, or of any
subsequent breach by such party of a provision of this Agreement.

                  10.      Source of Rights. This Agreement and the Letter
Agreement shall be the sole and exclusive source of any and all rights which
the Participant, and the Participant's personal representatives or heirs at
law, may have in respect of the Option as granted hereunder.

                  11.      Captions. The captions contained in this Agreement
are for reference purposes only and shall not affect the meaning or
interpretation of this Agreement.

                  12.      Entire Agreement; Governing Law. This Agreement and
the Letter Agreement set forth the entire agreement and understanding between
the parties hereto and supersede all prior agreements and understandings
relating to the subject matter hereof. This Agreement may be executed in one or
more counterparts, each of which shall be deemed to be an original, but all
such counterparts shall together constitute one and the same agreement. The
headings of sections and subsections herein are included solely for convenience
of reference and shall not affect the meaning of any of the provisions of this
Agreement. This Agreement shall be governed by, and construed in accordance
with, the laws of the State of New Jersey without reference to the choice of
law provisions of New Jersey law.

                                       6
<PAGE>

                  IN WITNESS WHEREOF, the Company has caused this Agreement to
be executed by its duly authorized officer and the Participant has executed
this Agreement, both as of the day and year first above written.

                                    WEBMD CORPORATION

                                    By: /s/ Authorized Signatory
                                       ----------------------------------------
                                       Name:
                                       Title:

                                       PARTICIPANT

                                       /s/ Wayne Gattinella
                                       ----------------------------------------
                                       WAYNE GATTINELLA

Number of Options: 600,000

Option Price: $4.81 per Common Share(1)

---------
(1)      The Option Price is the closing price of the Common Share on the Date
         of Grant.

                                       7<PAGE>
                                                                     EXHIBIT 4.1

         THIS NOTE IS A GLOBAL SECURITY WITHIN THE MEANING OF SECTION 2.05 OF
THE INDENTURE HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME OF THE
DEPOSITARY NAMED BELOW OR A NOMINEE OF THE DEPOSITARY. THIS NOTE IS NOT
EXCHANGEABLE FOR NOTES REGISTERED IN THE NAME OF A PERSON OTHER THAN THE
DEPOSITARY OR ITS NOMINEE EXCEPT IN THE LIMITED CIRCUMSTANCES DESCRIBED IN THE
INDENTURE, AND NO TRANSFER OF THIS NOTE (OTHER THAN A TRANSFER OF THIS NOTE 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) MAY BE
REGISTERED EXCEPT IN THE LIMITED CIRCUMSTANCES DESCRIBED IN THE INDENTURE.

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

                              THE COCA-COLA COMPANY

                          4.00% Notes due June 1, 2005

No. 3                                                            $______________

CUSIP No. 191216 AJ 9

         THE COCA-COLA COMPANY, a Delaware corporation (hereinafter called the
"Company", which term includes any successor corporation under the Indenture
hereinafter referred to), for value received, hereby promises to pay to CEDE &
CO., or its registered assigns, the principal sum of ______________ United
States Dollars (U.S.$______________) on June 1, 2005 and to pay interest thereon
from March 8, 2002, or from the most recent Interest Payment Date to which
interest has been paid or duly provided for, semi-annually on June 1 and
December 1 in each year, commencing December 1, 2002 at the rate of 4.00% per
annum (calculated on the basis of a 360-day year comprised of twelve 30-day
months, rounded to the nearest cent), until the principal hereof is paid or made
available for payment. The interest so payable, and punctually

<PAGE>

paid or duly provided for, on any Interest Payment Date will, as provided in
such Indenture, be paid to the Person in whose name this Security (or one or
more Predecessor Securities) is registered at the close of business on the
Regular Record Date for such interest, which shall be the May 15 or November 15
(whether or not a Business Day), as the case may be, next preceding such
Interest Payment Date. Any such interest which is payable but is not so
punctually paid or duly provided for will forthwith cease to be payable to the
Holder on such Regular Record Date and may either be paid to the Person in whose
name this Security (or one or more Predecessor Securities) is registered at the
close of business on a Special Record Date for the payment of such Defaulted
Interest to be fixed by the Trustee, notice whereof shall be given to Holders of
Securities of this Series not less than 10 days prior to such Special Record
Date, or be paid at any time in any other lawful manner not inconsistent with
the requirements of any securities exchange on which the Securities of this
Series may be listed, and upon such notice as may be required by such exchange,
all as more fully provided in said Indenture.

         If either a date for payment of principal or interest on this Security
or the Maturity of this Security falls on a day that is not a Business Day, the
related payment of principal or interest will be made on the next succeeding
Business Day as if made on the date the payment was due. No interest will accrue
on any amounts payable for the period from and after the date for payment of
principal of or interest on this Security or the Maturity of this Security
provided such payment is made on such next succeeding Business Day. For this
purpose, "Business Day" means any day which is a day on which commercial banks
settle payments and are open for general business in The City of New York.

         Payment of the principal of and interest on this Security will be made
at the office or agency of the Company maintained for that purpose in the
Borough of Manhattan, The City of New York, New York in such coin or currency of
the United States of America as at the time of payment is legal tender for
payment of public and private debts; provided, however, that at the option of
the Company payment of interest may be made by check drawn upon any Paying Agent
and mailed on or prior to an Interest Payment Date to the address of the Person
entitled thereto as such address shall appear in the Securities Register, or,
upon written application by the Holder to the Securities Registrar setting forth
wire instructions not later than the relevant Record Date, by wire transfer to a
Dollar account.

         Reference is hereby made to the further provisions of this Security set
forth on the reverse hereof, which further provisions shall for all purposes
have the same effect as if set forth at this place.

         Unless the certificate of authentication hereon has been executed by
the Trustee referred to on the reverse hereof, directly or through an
authenticating agent, by the manual signature of an authorized officer, this
Security shall not be entitled to any benefit under the Indenture or be valid or
obligatory for any purpose.

                                      -2-

<PAGE>

         IN WITNESS WHEREOF, the Company has caused this instrument to be duly
executed under its corporate seal.

Dated: May 17, 2002

                                       THE COCA-COLA COMPANY

                                       By:
                                          --------------------------------------
                                          Name: David M. Taggart
                                          Title: Vice President and Treasurer

                                       [Seal]

Attest:

---------------------------------
Name: Susan E. Shaw
Title: Secretary

                    (Trustee's Certificate of Authentication)

         This is one of the Securities of the Series provided for in the
within-mentioned Indenture.

                                       Deutsche Bank Trust Company Americas,
                                       as Trustee

                                       By:
                                          --------------------------------------
                                          Authorized Officer

                                      -3-

<PAGE>

                                    [Reverse]

         This Note (as defined herein) is one of a duly authorized issue of
debentures, notes or other evidences of indebtedness of the Company (herein
called the "Securities"), issued and to be issued in one or more Series under an
Indenture, dated as of April 26, 1988, as amended and supplemented by that First
Supplemental Indenture dated as of February 24, 1992 (as so amended and
supplemented, herein called the "Indenture"), between the Company and Bankers
Trust Company (now known as Deutsche Bank Trust Company Americas), as Trustee
(herein called the "Trustee", which term includes any successor trustee under
the Indenture), to which Indenture and all indentures supplemental thereto
reference is hereby made for a statement of the respective rights, limitations
of rights, duties and immunities thereunder of the Company, the Trustee and the
Holders of the Securities and of the terms upon which the Securities are, and
are to be, authenticated and delivered. The Securities may be issued in one or
more Series, which different Series may be issued in various aggregate principal
amounts, may mature at different times, may bear interest (if any) at different
rates, may be denominated and bear interest, if any, in Dollars or in a Foreign
Currency, may be subject to different redemption provisions (if any), may be
subject to different sinking, purchase or analogous funds (if any), may be
subject to different covenants and Events of Default and may otherwise vary as
in the Indenture provided. This Security is one of a Series of Securities of the
Company designated as set forth on the face hereof (herein called the "Notes"),
limited in aggregate principal amount to $750,000,000.

         No sinking fund is provided for the Notes.

         In the event of a deposit or withdrawal of an interest in this Note,
including an exchange, redemption or transfer of this Note in part only, the
Trustee, as custodian of the Depositary, shall make an adjustment on its records
to reflect such deposit or withdrawal in accordance with the rules and
procedures of The Depository Trust Company applicable to, and as in effect at
the time of, such transaction.

         If an Event of Default with respect to the Notes shall occur and be
continuing, the principal of the Notes may be declared due and payable in the
manner and with the effect provided in the Indenture. Upon payment (i) of the
amount of principal so declared due and payable and (ii) of interest on any
overdue principal and overdue interest (in each case to the extent that the
payment of such interest shall be legally enforceable), all of the Company's
obligations in respect of the payment of such principal of and interest, if any,
on the Notes shall terminate.

         The Indenture permits, with certain exceptions as therein provided, the
amendment thereof and the modification of the rights and obligations of the
Company and the rights of the Holders of the Securities of each Series under the
Indenture at any time by the Company and the Trustee with the consent of the
Holders of not less than a majority in aggregate principal amount of the
Securities at the time outstanding of each Series to be affected by such
amendment or modification. The Indenture also contains provisions permitting the
Holders of specified percentages in aggregate principal amount

                                      R-1

<PAGE>

of the Securities of each Series at the time outstanding, on behalf of the
Holders of all Securities of such Series, to waive compliance by the Company
with certain provisions of the Indenture and certain past defaults under the
Indenture and their consequences. Any such consent or waiver by the Holder of
this Note shall be conclusive and binding upon such Holder and upon all future
Holders of this Note and of any Note issued upon the registration of transfer
hereof or in exchange herefor or in lieu hereof, whether or not notation of such
consent or waiver is made upon this Note. The Indenture contains provisions
setting forth certain conditions to the institution of proceedings by Holders of
Securities with respect to the Indenture or for any remedy under the Indenture.
Section 12.01(a) of the Indenture also contains provisions applicable to the
Notes relating to the Company's ability to discharge its obligations with
respect to the Notes and under the Indenture with respect to the Notes, upon the
deposit of money, U.S. Government Obligations or other government obligations,
in an amount sufficient to pay and discharge the principal of and interest on
the Notes to the Maturity of the Note, in certain specified circumstances. The
lien and sale and lease back provisions described in Sections 5.03 and 5.04 of
the Indenture will not be applicable to the Notes.

         Subject to the next preceding sentence hereof, no reference herein to
the Indenture and no provision of this Note or of the Indenture shall alter or
impair the obligation of the Company, which is absolute and unconditional, to
pay the principal of and interest on this Note at the times, place and rate, and
in the coin or currency, herein prescribed.

         As provided in the Indenture and subject to certain limitations therein
set forth, the transfer of this Note is registrable in the Securities Register,
upon surrender of this Security for registration of transfer at the office or
agency of the Company in any place where the principal of and interest on this
Security are payable, duly endorsed, or accompanied by a written instrument of
transfer in form satisfactory to the Company duly executed, by the Holder hereof
or his attorney duly authorized in writing, and thereupon one or more new Notes,
of authorized denominations and for the same aggregate principal amount, will be
issued to the designated transferee or transferees.

         The Notes are issuable only in registered form without coupons in
denominations of $1,000 and any integral multiple thereof. As provided in the
Indenture and subject to certain limitations therein set forth, this Note is
exchangeable for a like aggregate principal amount of Notes of different
authorized denominations, as requested by the Holder surrendering the same.

         No service charge shall be made for any such registration of transfer
or exchange, but the Company may require payment of a sum sufficient to cover
any tax or other governmental charge payable in connection therewith.

         The Company shall pay additional amounts ("Additional Amounts") to a
beneficial owner of this Note that is a non-United States person in order to
ensure that every net payment with respect to this Note will not be less, due to
payment of U.S. withholding tax, than the amount then due and payable. For this
purpose, a "net payment" on this Note means a payment by the Company or a Paying
Agent, including payment of

                                      R-2

<PAGE>

principal and interest, after deduction for any present or future tax,
assessment or other governmental charge of the United States. These Additional
Amounts will constitute additional interest on this Note.

         The Company shall not be required to pay Additional Amounts, however,
in any of the circumstances described in items (1) through (14) below.

         (1)      Additional Amounts will not be payable if a payment on this
Note is reduced as a result of any tax, assessment or other governmental charge
that is imposed or withheld solely by reason of the Holder or the beneficial
owner:
                  (a)      having a relationship with the United States as a
         citizen, resident or otherwise;
                  (b)      having had such a relationship in the past; or
                  (c)      being considered as having had such a relationship.

         (2)      Additional Amounts will not be payable if a payment on this
Note is reduced as a result of any tax, assessment or other governmental charge
that is imposed or withheld solely by reason of the Holder or the beneficial
owner:
                  (a)      being treated as present in or engaged in a trade or
         business in the United States;
                  (b)      being treated as having been present in or engaged in
         a trade or business in the United States in the past; or
                  (c)      having or having had a permanent establishment in the
         United States.

         (3)      Additional Amounts will not be payable if a payment on this
Note is reduced as a result of any tax, assessment or other governmental charge
that is imposed or withheld solely by reason of the Holder or the beneficial
owner being or having been a:
                  (a)      personal holding company;
                  (b)      foreign personal holding company;
                  (c)      foreign private foundation or other foreign
         tax-exempt organization;
                  (d)      passive foreign investment company;
                  (e)      controlled foreign corporation; or
                  (f)      corporation which has accumulated earnings to avoid
         United States federal income tax.

         (4)      Additional Amounts will not be payable if a payment on this
Note is reduced as a result of any tax, assessment or other governmental charge
that is imposed or withheld solely by reason of the Holder or the beneficial
owner (a) owning or having owned, actually or constructively, 10 percent or more
of the total combined voting power of all classes of stock of the Company
entitled to vote or (b) being a bank which acquired this Note in consideration
of an Extension of Credit made pursuant to a loan agreement entered into in the
ordinary course of business.

                                      R-3

<PAGE>

For purposes of items (1) through (4) above, "beneficial owner" means a
fiduciary, settlor, beneficiary, member or shareholder of the holder if the
holder is an estate, trust, partnership, limited liability company, corporation
or other entity, or a person holding a power over an estate or trust
administered by a fiduciary holder.

         (5)      Additional Amounts will not be payable to any Holder of this
Note that is a:
                  (a)      fiduciary;
                  (b)      partnership;
                  (c)      limited liability company; or
                  (d)      other fiscally transparent entity

or that is not the sole beneficial owner of this Note, or any portion of this
Note to the extent that a beneficiary or settlor in relation to the fiduciary,
or a beneficial owner or member of the partnership, limited liability company or
other fiscally transparent entity, would not have been entitled to the payment
of an Additional Amount had the beneficiary, settlor, beneficial owner or member
received directly its beneficial or distributive share of the payment.

         (6)      Additional Amounts will not be payable if a payment on this
Note is reduced as a result of any tax, assessment or other governmental charge
that is imposed or withheld solely by reason of the failure of the beneficial
owner or any other person to comply with applicable certification,
identification, documentation or other information reporting requirements. This
exception to the obligation to pay Additional Amounts will only apply if
compliance with such reporting requirements is required by statute or regulation
of the United States or by an applicable income tax treaty to which the United
States is a party as a precondition to exemption from such tax, assessment or
other governmental charge.

         (7)      Additional Amounts will not be payable if a payment on this
Note is reduced as a result of any tax, assessment or other governmental charge
that is collected or imposed by any method other than by withholding from a
payment on this Note by the Company or a Paying Agent.

         (8)      Additional Amounts will not be payable if a payment on this
Note is reduced as a result of any tax, assessment or other governmental charge
that is imposed or withheld by reason of a change in law, regulation, or
administrative or judicial interpretation that becomes effective more than 15
days after the payment becomes due or is duly provided for, whichever occurs
later.

         (9)      Additional Amounts will not be payable if a payment on this
Note is reduced as a result of any tax, assessment or other governmental charge
that is imposed or withheld by reason of the presentation by the beneficial
owner of this Note for payment more than 30 days after the date on which such
payment becomes due or is duly provided for, whichever occurs later.

                                      R-4

<PAGE>

         (10)     Additional Amounts will not be payable if a payment on this
Note is reduced as a result of any:
                  (a)      estate tax;
                  (b)      inheritance tax;
                  (c)      gift tax;
                  (d)      sales tax;
                  (e)      excise tax;
                  (f)      transfer tax;
                  (g)      wealth tax;
                  (h)      personal property tax; or
                  (i)      any similar tax, assessment or other governmental
         charge.

         (11)     Additional Amounts will not be payable if a payment on this
Note is reduced as a result of any tax, assessment, or other governmental charge
required to be withheld by any Paying Agent from a payment of principal or
interest on this Note if such payment can be made without such withholding by
any other Paying Agent.

         (12)     Additional Amounts will not be payable where withholding is
imposed on a payment to an individual and is required to be made pursuant to any
European Union Directive on the taxation of savings implementing the conclusions
of the ECOFIN Council meeting of November 26-27, 2000 or any law implementing or
complying with, or introduced in order to conform to, such Directive.

         (13)     Additional Amounts will not be payable on a Note presented for
payment by or on behalf of a beneficial owner who would have been able to avoid
such withholding or deduction by presenting the relevant Note to another Paying
Agent in a member state of the European Union.

         (14)     Additional Amounts will not be payable if a payment on this
Note is reduced as a result of any combination of items (1) through (13) above.

         Except as specifically provided herein, the Company shall not be
required to make any payment of any tax, assessment or other governmental charge
imposed by any government or a political subdivision or taxing authority of such
government.

         As used in this Note, "United States person" means (i) any individual
who is a citizen or resident of the United States; (ii) any corporation,
partnership or other entity created or organized in or under the laws of the
United States; (iii) any estate if the income of such estate falls within the
federal income tax jurisdiction of the United States regardless of the source of
such income; and (iv) a trust (a) that validly elects to be treated as a United
States person for federal income tax purposes or (b)(1) the administration over
which a United States court can exercise primary supervision and (2) all of the
substantial decisions over which one or more United States persons have the
authority to control. Additionally, "non-United States person" means a person
who is not a United States person, and "United States" means the United States
of America,

                                      R-5

<PAGE>

including any states or commonwealths and the District of Columbia, together
with its territories, its possessions and other areas within its jurisdiction.

         The Company may, at its option, redeem the Notes as a whole, but not in
part, for a Redemption Price equal to 100% of the principal amount of the Notes,
together with accrued interest to the Redemption Date, if either:

         (1)(a) the Company becomes or will become obligated to pay Additional
Amounts; and (b) the obligation to pay Additional Amounts arises as a result of
any change in the laws, regulations or rulings of the United States, or an
official position regarding the application or interpretation of such laws,
regulations or rulings, which change is announced or becomes effective on or
after March 8, 2002; or

         (2)(a) any act is taken by a taxing authority of the United States on
or after March 8, 2002, whether or not such act is taken in relation to the
Company or any affiliate, that results in a substantial probability that the
Company will or may be required to pay Additional Amounts; and (b) the Company
receives an opinion of reputable tax counsel to the effect that an act taken by
a taxing authority of the United States results in a substantial probability
that the Company will or may be required to pay Additional Amounts with respect
to the Notes, and delivers to the Trustee an Officers' Certificate, stating that
based on such opinion the Company is entitled to redeem the Notes pursuant to
the terms hereof.

         The Company, the Trustee and any agent of the Company or the Trustee
may treat the Person in whose name this Note is registered as the owner hereof
for all purposes, whether or not this Note is overdue, and neither the Company,
the Trustee nor any such agent shall be affected by notice to the contrary.

         All terms used in this Note which are defined in the Indenture shall
have the meanings assigned to them in the Indenture. The Notes are governed by
the laws of the State of New York.

                                      R-6

<PAGE>

                                  ABBREVIATIONS

         The following abbreviations, when used in the inscription of the face
of this Note, shall be construed as though they were written out in full
according to applicable laws or regulations:

         TEN COM           -        as tenants in common
         TEN ENT           -        as tenants by the entireties (Cust)
         JT TEN            -        as joint tenants with right of survivorship
                                    and not as tenants in common

         UNIF GIFT MIN ACT -        _________________ Custodian _____________
                                                                   (Minor)
                                  under Uniform Gifts to Minors Act__________
                                                                     (State)

         Additional abbreviations may also be used though not in the above list.

                                      R-7

<PAGE>

                               FORM OF ASSIGNMENT

         For value received ________________ hereby sell(s), assign(s) and
transfer(s) unto ________________ (Please insert social security or other
identifying number of assignee) the within Note, and hereby irrevocably
constitutes and appoints ____________________ as attorney to transfer the said
Note on the books of the Company, with full power of substitution in the
premises.

Dated:

------------------------------         -----------------------------------------

------------------------------         -----------------------------------------

                                       Signature(s)

                                       Signature(s) must be guaranteed by an
                                       Eligible Guarantor Institution with
                                       membership in an approved signature
                                       guarantee program pursuant to Rule
                                       17Ad-15 under the Securities Exchange
                                       Act of 1934.

                                      R-8

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